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A 75-Year-Old Warning about Those Who Say ‘Listen to the Science’

This article was originally published by Jon Militimore at The Foundation for Economic Education. 

When people say “follow the science,” often what they’re really saying is “follow our plan.”

On his first day as president, Joe Biden, flanked by a portrait of Ben Franklin, called on the federal government to “advance environmental justice” and “be guided by the best science.”

In many ways, Biden’s words came as no surprise.

Throughout the 2020 campaign and after, Biden had often repeated the phrases “listen to the science” and “I believe in science,” presumably to contrast himself with his opponent.

Biden didn’t stop there, however. He included the mantra in one of the first executive orders he signed, noting that it would be his administration’s official policy to “listen to the science.”

The phrase seems harmless enough. The scientific method is highly trusted, and for good reason. It has been a boon to humanity and helped bring about many of the marvels of our modern world.

Yet distinguished thinkers new and old have warned us to proceed with caution when confronted with pleas to “listen to the science.”

The economist Ludwig von Mises once observed the problem with using scientific claims to shape the modern world. He suggested that in many cases people invoke science simply to tell people what they must do.

“The planners pretend that their plans are scientific and that there cannot be disagreement with regard to them among well-intentioned and decent people,” Mises wrote in his 1947 essay “Planned Chaos.”

Most people agree that science is a useful tool, and Mises was certainly one of them. The problem Mises was getting at was that science can’t actually tell us what we should do, which is the realm of subjective value judgments. Science can only tell us what is.

“[T]here is no such thing as a scientific ought,” Mises wrote, echoing a famous argument by David Hume. “Science is competent to establish what is.” (For a deeper dive on the is-ought problem, read Hume’s celebrated 1729 work, A Treatise on Human Nature.)

The economist continued:

“[Science] can never dictate what ought to be and what ends people should aim at. It is a fact that men disagree in their value judgments. It is insolent to arrogate to oneself the right to overrule the plans of other people and to force them to submit to the plan of the planner.”

As Mises correctly saw, oftentimes when people say “follow the science,” they’re really saying “follow our plan.”

When teen activist Greta Thunberg exhorts us to follow the science on climate change, she’s not saying we should acknowledge that the planet is warming and that humans play a role in the Earth’s climate. She’s saying people should adopt her plan and that of other climate activists, which includes transitioning off meat, giving up flying (something to be achieved either through shame or coercion), taxing fossil fuels, and myriad other proposals.

Billionaire climate activist Bill Gates explained in February why changes like moving off meat should be done, and how.

“I do think all rich countries should move to 100% synthetic beef,” Gates remarked in an interview with Technology Review, noting that emissions per pound of beef are not quite optimal. “You can get used to the taste difference, and the claim is they’re going to make it taste even better over time. Eventually, that green premium is modest enough that you can sort of change the [behavior of] people or use regulation to totally shift the demand.”

The proposals offered by Thunberg and Gates—who also said the government should just listen to the scientists—may be good ones; they may be bad. The key is to understand that their proposals entail value judgments, not just science.

Similarly, in 2020 we repeatedly saw pleas for Americans to “listen to the science.” But the fundamental disagreement over COVID-19 was not over science (though there was certainly some, evidenced by the CDC’s flip-flops, modeling disasters, and widespread confusion over the lethality of COVID-19 ).

Nearly everyone understood the overarching science: a new and deadly virus had emerged from Asia and was spreading across continents. The primary disagreement arose over what actions should be taken to limit the spread, who should execute them (individuals or the state), and whether people should be coerced into action.

Many of the questions Americans faced were complicated.

If social distancing saves lives, should businesses be ordered closed? If so, which ones? What should be done if people aren’t social distancing in public? Should sick people be physically confined in their homes? What about healthy people? Assuming that face coverings limit the spread, should they be recommended or forced? What happens when people refuse?

These are important questions. But again, they are ethical ones, not scientific ones. Sound science is merely a tool that can help us reach decisions on these matters. The point is that Americans should heed Mises’s warning and beware of planners who say we must listen to them because their plans are scientific.

Complex ethical problems demand solutions, and, as journalist H.L. Mencken pointed out, “for every complex problem there is an answer that is clear, simple, and wrong.”

Outsourcing our complex ethical problems to people with prestigious degrees may be simple, but it’s also wrong. Ethical questions are about what we ought to do, and, as Mises saw, there is no ought in science.

The post A 75-Year-Old Warning about Those Who Say ‘Listen to the Science’ first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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246 “Fully Vaccinated” Michigan Residents Catch COVID-19, 3 Die

This article was originally published by Tyler Durden at ZeroHedge. 

So much for the COVID jabs being “100% effective” at preventing “serious illness.”

COVID-19 mRNA Shots Are Legally Not Vaccines

Michigan, now the epicenter of the American COVID outbreak, is desperately begging the federal government for more vaccines. But reports about a rash of infections in “fully vaccinated” patients might provoke a rethink.

The Detroit News reported that as many as 246 vaccinated Michigan residents later tested positive for the deadly bug, including three who have died. The cases were reported between Jan. 1 and March 31, and the 246 had a positive test 14 or more days after the last dose in the vaccine series, said Lynn Sutfin, a spokeswoman for the Michigan Department of Health and Human Services.

“Some of these individuals may ultimately be excluded from this list due to continuing to test positive from a recent infection prior to being fully vaccinated,” she said.

“These cases are undergoing further review to determine if they meet other CDC criteria for determination of potential breakthrough, including the absence of a positive antigen or PCR test less than 45 days prior to the post-vaccination positive test. In general, these persons have been more likely to be asymptomatic or mildly symptomatic compared with vaccinated persons.”

The department had hospitalization data for 117 of the cases, but 129 were incomplete, Sutfin added. The three deaths were all “persons 65 years or older,” and two of them died within three weeks of completion of vaccination, she said. “While the majority of the population develops full immunity within 14 days of completion of their vaccine series, a small proportion appear to take longer to mount a full antibody response.” Of the 117 with data available, 11 were hospitalized, 103 were not hospitalized, and 3 are reported as unknown, Sutfin said.

As of April 4, about 2.95 million residents, or about 36.5% of Michigan’s population, have been vaccinated, either with one or two doses, according to the state website. About 4.7M doses had been administered.

New cases have surged over the last month, pushing the 7-day average to its highest level since late last year. Even deaths have started to creep higher, a possible effect of mutant strains that are spreading faster in the state.

The post 246 “Fully Vaccinated” Michigan Residents Catch COVID-19, 3 Die first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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The Federal Mask Police Are Coming For You

This article was originally published by Michael Snyder at The End of the American Dream. 

Even though the number of new COVID cases in the United States has been dropping precipitously, a strict new federal mask mandate is being implemented from coast to coast, and it will be enforced by the TSA and other law enforcement authorities.  If you use public transportation without wearing a mask, the “mask police” will find you, and there is a very good chance that you could end up behind bars.

If you find this to be offensive, that is too bad, because in “Amerika” you are not permitted to have dissenting views.  You will either obey or the cold, hard boot of the government will come down on your neck.

Joe Biden originally issued an executive order about mask-wearing on January 21st, and now the CDC has issued their own mandate that makes things even stricter.

The new CDC rules just went into effect, and the corporate media is telling us that we better follow them “or else”

If you haven’t been wearing a facial covering on public transit, airliners or in federal buildings, the federal government is officially telling you to mask-up or else.

An executive order mandating the wearing of masks on transportation vehicles and stations or airport and in federal buildings takes effect at 11:59 p.m., Feb. 1 to slow the spread of coronavirus.

But this order doesn’t just apply to those that are actually using public transportation.

According to the wording of this new order, it applies to anyone “awaiting, boarding, disembarking, or traveling on airplanes, ships, ferries, trains, subways, buses, taxis, and ride-shares as they are traveling into, within, or out of the United States and U.S. territories”.

So if you are sitting at a bus stop, you must wear a mask.

If you just got off a train, you must keep your mask on.

If you plan to ride an Uber, you better be donning a mask throughout the entire process.

In major cities, just about everyone is going to be subject to these new rules at some point.

And just wearing any old mask won’t do.

To comply, your mask must be of a type that is acceptable to the federal government and it must fit well…

The CDC order also says it’s not enough to simply wear a mask—it has to be a certain kind of mask. It can’t be a bandana, scarf, ski mask, or balaclava. It can’t fit too loosely or too tightly. It can’t contain an exhalation valve or be made from knitted fabrics, leather, plastic, or vinyl.

The good news is that there are a few Americans that are exempt from these rules.

For example, if you are under the age of two you do not need to wear a mask.

But everyone else must obey, and TSA workers will be among those that will be deployed to make sure that you are submitting properly

The Department of Homeland Security said Sunday that Transportation Security Administration workers now have the authority to enforce President Joe Biden’s transportation mask mandate “at TSA screening checkpoints and throughout the commercial and public transportation system.”

Acting Secretary David Pekoske on Sunday signed a Determination of National Emergency, which said the TSA can “take actions consistent with the authorities” of its federal jurisdiction so it can enforce the mask mandate order laid out by the US Centers for Disease Control and Prevention late Friday.

In addition, other federal, state, and local authorities will also be expected to enforce the new mask mandate.

Those that are found not to be in compliance will be removed from public transportation, and we are being told that they could also “face federal civil charges and fines”

Passengers who don’t comply with the face covering requirement face being kicked off whatever they’re riding at the earliest opportunity, the CDC said. They also could face federal civil charges and fines.

But will a mask really keep you from spreading or catching COVID?

Not really.  If you doubt this, just watch this video.

Dr. Fauci keeps telling us that two masks are better than one, but two masks really don’t do that much either.

As I pointed out the other day, if you actually wanted to achieve 99 percent effectiveness, you would need to wear five closely fitting masks simultaneously whenever you are in public.

But of course, wearing five masks at the same time would also make it nearly impossible to breathe properly.

Now that this new mask mandate is in place, I have a feeling that it is going to be sticking around for a long time.

We are being told to just accept “the new normal”, and that is precisely what many Americans have decided to do.

Meanwhile, the federal government is also planning to start opening up “mass vaccination centers”

The federal government will open its first Covid-19 vaccination sites in California as part of the Biden administration’s push to ramp up the number of Americans receiving shots and reach those most at risk of developing severe illness.

One center will be housed in the Oakland Coliseum where the Oakland Athletics baseball team plays and the other will be on the campus of California State University, Los Angeles. Both will be adjacent to communities hardest hit by the pandemic, said Jeffrey Zients, President Joe Biden’s lead Covid-19 coordinator. The facilities will be staffed mostly with federal employees.

Joe Biden has said that he wants to have 100 million Americans vaccinated in 100 days.

What a nightmare this is going to be.

All over the globe, governments are using the COVID pandemic as an opportunity to take away our God-given freedoms and liberties.

If people don’t stand up and object when they push the envelope, they are just going to keep doing it.

And if they are willing to get this extreme during a relatively minor pandemic, what in the world is our planet going to look like when a major pandemic finally comes along?

I like to remind people that “life, as you have known it, will never be the same again”, and over the past 12 months the pace of change has greatly accelerated.

They want to turn all of our lives into a dystopian nightmare, and with each passing day, they get a little bit closer to that goal.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.**

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions.  I encourage you to follow me on social media on FacebookTwitter, and Parler, and anyway that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

The post The Federal Mask Police Are Coming For You first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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NO SACRED COWS: TRUMP SECTION 230 ULTIMATUM!

This article was contributed by Future Money Trends. 

In March, sending $1,200 stimulus checks to each and every American cost current and future taxpayers some $320bn, which is far less than what the federal government spends on many items that are far more wasteful. $600 stimulus checks would using the same mathematics, cost $160bn to the federal government. Even $2,000 checks would run something in the order of $530bn, which, in the big picture, is quite doable.

The Democrats were obviously on board with the idea of $2,000 checks, and now that Donald Trump is championing the notion that China is responsible for this unfortunate turn of events and Americans are victims of this financial upheaval, the $2,000 stimulus check package is becoming a battleground for passing legislation.

Courtesy: Zerohedge.com

As you can see, the “Hard Data,” which is much more helpful at predicting market corrections, is nosediving. “Soft Data,” which is more volatile, is also cratering faster than imaginable, and we believe that it won’t take much for markets to endure a short-term hiccup.

We are very bullish, though, on the stock market. While there’s a ton of uncertainty out there, the time to be invested is now!

We’ve got major problems that are scaring big investors away. As they check off boxes in 2021, they’ll return with their deep pockets, but prices could be much higher.

Apart from a black swan event, which we personally can’t foresee (of course, no one can, by definition), there aren’t many bearish catalysts we can see.

Here are things that can cause volatility, fear, panic, and sell-offs going into 2021:

  1. A government shutdown due to the inability to pass a budget, stimulus bill, or both.
  2. Strain mutations, which present fears that the vaccines won’t be effective or that some forms of the virus could be deadly.
  3. An eviction crisis, as there are roughly $60bn-$70bn due in rents and the stimulus package covers only $20bn.
  4. Real estate prices freezing.
  5. High unemployment for long periods.
  6. A disappointing earnings season in Q1.
  7. Biden’s tougher stance with Russia.

The biggest catalyst is the Georgia Senate election, which could put Democrats over the top and give them full control (a blue sweep if Biden is sworn in).

This will lead to speculation about excessive spending, a giant deficit, socialism, tax hikes, and who knows what else…

For now, let’s focus on Trump and on his ultimatum on Section 230 and its removal, which he attempted to tie with military funding and now with the $2,000 stimulus checks. Whether you voted for him or not, this strategy is certainly a genius negotiation tactic.

What the markets want to see is compromise, but the Democrats’ strategy might be to wait it out until early January, when Mike Pence has to count the electoral votes in Congress, and January 20th if there’s a formal transfer of power.

The $900bn bill is dead, in our opinion. President Trump wouldn’t call it a disgrace and ineffective on national TV only to ink it a few days later.

Will Congress be able to negotiate a new one in time? There are many moving parts; blood is in the streets for Main Street!

The post NO SACRED COWS: TRUMP SECTION 230 ULTIMATUM! first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Bill Gates: The U.S. Should “Brainstorm” Ways To Reduce “Vaccine Hesitancy”

Bill Gates is warning that there will soon be a hardcore propaganda push in the United States in order to convince people to take the coronavirus vaccine.  Gates says the U.S. should brainstorm ways to reduce “vaccine hesitancy.”

Gates is not the only technocrat who wants to use a harsh propaganda campaign with totalitarian forced compliance undertones of control disguised as “voluntary.”

Coronavirus czar Anthony Fauci hinted back in June that he was already on the task of pushing vaccine propaganda, revealing the government had a “public relations blitz” planned in which “people [vaccine-hesitant Americans] can relate to in the community.” These “relateable people” will be “sports figures, community heroes, people that they look up to” and will aid the federal government in the spread of the pro-vaccine gospel.

Gates had harsh words for both people who don’t want to be controlled and manipulated and the social media platforms he believes enable them, complaining about free access to opinions and information. Gate whined that “very titillating things” like the notion that “somebody intentionally made this virus, or that there’s some conspiracy” spread online “so much faster than the truth, which is that it comes from a bat,” according to a report by RT.  Gates called on social media to censor information and use their power to silence others to promote things such as the ritualistic shame muzzle face mask.  He said he wants to “slow down or annotate things that actually cause huge damage, like not wearing masks or not being willing to take the vaccine if it proves that it is this key tool to getting back to normal.”

Except we aren’t ever going back to normal, Those elites and the ruling class puppets have already said the vaccine is not going to give us a free pass to return to normal, so what’s the point? In case you haven’t figured it out yet, the point is authoritarian control over everyone.

WHO Says We Won’t Return To “Normal” After The Vaccine Is Released

Tyrants: “Prepare To Wear Masks & Socially Distance Even After Getting COVID-19 Vaccine”

Medical tyrants are also suggesting that the punishment for not taking the vaccine “voluntarily” will be harsh. A prominent medical journal (funded by the Bill and Melinda Gates Foundation) stated that a straight-up mandate would probably be challenged and nullified in court. So the journal suggested earlier this month in the New England Journal of Medicine should first focus on “at-risk populations” and those who refuse should be threatened with punishments such as job loss for failure to get vaccinated. Australian PM Scott Morrison similarly had to walk back comments that vaccination should be “as mandatory as possible” after intense public outcry.

U.S. President Donald Trump has promised the military with delivering a vaccine to the public.

Medical Journal: Get The COVID-19 Vaccine, Or Be Punished HARSHLY

The post Bill Gates: The U.S. Should “Brainstorm” Ways To Reduce “Vaccine Hesitancy” first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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Portland fining feds $500 every 15 minutes for fence around part of courthouse under attack by rioters — because it blocks a bike lane

Portland is fining the federal government $500 every 15 minutes that a fence stays up around part of the federal courthouse under attack by rioters — because the fence blocks a bike lane, the
Oregonian reported.

What are the details?

The fence has been a nightly focal point as rioters have been knocking it down, cutting through it, and climbing over it in order to get to the courthouse entrance.


Image source: YouTube screenshot


Image source: YouTube screenshot

Federal officers have been guarding the courthouse for weeks and pushing back against rioters’ use of explosives, firecrackers, lasers, and other weapons.


Image source: YouTube screenshot

Portland Commissioner Chloe Eudaly made the announcement Tuesday about the fine — which is the maximum charge allowed, the outlet said.

Eudaly, who oversees the transportation bureau, told the Oregonian that the federal government hasn’t responded to her demand to remove the fence and that the bill is now $192,000 “and counting.”

“We intend to collect,” Eudaly, who is running for reelection, said in a tweeted statement, the outlet said. Eudaly also referred to the forces at the courthouse as “federal occupiers,” the Oregonian added.

According to the bureau’s rules, a $500 fee for obstructing the public right of way without a permit can be levied every 15 minutes, hourly, daily, weekly or monthly, the outlet said, adding that Eudaly said she opted for the maximum fine and also is investigating “other legal remedies.”

Eudaly told the Oregonian that transportation crews normally would “remove such an obstruction” but that she won’t “send workers into harm’s way” to get it done.

“Yes, I am afraid to direct workers to do their job and enforce our laws against the federal government — I hope that gives everyone reading this pause,” she added to the outlet.

Here’s a look at what the bicyclists are missing. (Content warning: Language):


59th night of rioting in Portland; courthouse fence pulled down

youtu.be

Anything else?

On Wednesday, Department of Homeland Security Acting Secretary Chad Wolf confirmed that his department has struck a deal with Democratic Oregon Gov. Kate Brown to withdraw federal officers from Portland if the state steps up efforts to tamp down riots in the city.

Brown also confirmed the news Wednesday, announcing that additional Oregon State Police will be ordered to protect the Mark O. Hatfield Federal Courthouse from violent rioters in the city.

The New York Times reported that federal officers will begin leaving the city Thursday, but Wolf said no federal officers now stationed in the city will be withdrawn until his department is assured that the state has taken adequate steps to quell the violence.

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OUT OF GOLD: Severe Shortfall – Market RESUSCITATION FAILS!

This article was originally published by Lior Gantz at The Wealth Research Group. 

Soldiers, Police, FEMA – Essentially, Martial Law

 

The markets are open, the banks are functioning, food is there for the average American to purchase, for the most part, and the Covid-19 is getting ALL of the attention on the municipal, state and, of course, the federal level. Still, we’ve just SUFFERED the steepest-ever MARKET CRASH that America has ever had to endure.

The chart below shows the comparison with the 20th and 21st centuries’ most APOCALYPTIC bear markets and nothing even comes close to this one!

We are living in the most DISRUPTIVE RESET since WW1. In wartime, in contrast to the ECONOMIC SUICIDE we’re imposing on ourselves, the economic machine still functions.

In a SUPER-DEFLATION, everyone is just sitting on cash, selling any asset that is liquid, cutting all non-essential expenses and barely making it by. In this scenario, the potential for RIOTING and for SOCIAL DISORDER is realistic.

Millions of people have either lost a bloody fortune, lost a loved one, lost their job, lost their clients, been forced to stay at your home without the ability to pay the bills or, WORSE yet, have been left DESTITUTE.

Look at this horrific market crash:

Courtesy: Zerohedge.com

 

It would be suicidal to buy the dip in a meaningful way now. There’s NO RUSH at all. The markets have given back a lot, but with NO MATERIAL PROGRESS on an approved drug to treat the virus, no VACCINE on the horizon, more SHUTDOWNS announced (NYC, California, Chicago, Baltimore, Italy, regions of China, Israel, Spain, France and The Netherlands), the most important ECONOMIC POSITIVE event would be to see the community spread DIMINISH, so we can start getting back to routine.

Right now, there are no signs of that occurring.

In fact, if anything, we’re seeing clothing manufacturers turning into mask producers. We’re seeing companies RE-FITTING their floors to produce ventilators, hospital beds and all the essentials needed to make sure the healthcare system is ready for the population at large to step back out and live normal lives, with the notion that most will contract the disease and get treatment.

Unless a GAME-CHANGER catalyst surfaces by way of a drug, the federal government is “buying time,” stalling until it can’t quarantine anymore and must allow the people to resume their routine, even if it’s a new one.

As you can see below, even though this has been a CATASTROPHE, more EMERGENCIES could be on the horizon, since this biological and medical crisis is actually ESCALATING. We’re learning that the younger generation is certainly NOT IMMUNE, as was previously believed.

Courtesy: Zerohedge.com

Since many of us are confined to our homes, it’s difficult to TRULY COMPREHEND the daily struggle of the Federal Reserve and the European Central Bank to keep the credit market OPEN.

There’s an ACUTE shortage of buyers, even for T-bills. I’m 100% CONVINCED that President Trump is concocting a plan for a massive 50-yr bond with 0% interest and, if there’s not SUFFICIENT demand for it, Jerome Powell will shove that bond onto his balance sheet, which is already a SICK JOKE.

This fiat monetary system is such an illusory concept, which works mostly because of the reluctance to come up with better solutions – since there ARE NONE – that don’t require a gold standard, and politicians certainly HATE THAT IDEA.

On Friday, I made the rounds, calling the most trusted bullion dealers in America, some of them close contacts of mine; I’m going to CAPITALIZE on the disparity and POLARITY between the TOTALLY FAKE paper ETFs and the BULLSHIT spot price and the real price that silver is BIDDING online and with the dealers. Silver Eagles sell for over $20/coin, while spot is around $12!

Personally, I’m using the options market to do this.

In short, my analysis is that with the disruption to supply chains and the mandated closures of mines, which will then take MONTHS to re-open, the price of silver will be so much HIGHER than what’s shown on the COMEX.

Courtesy: Zerohedge.com

I believe a DEFLATION HURRICANE like this will birth a totally new global financial culture, as 1987, 2000 and 2008 have done prior to this.

The recently-approved RESCUE PACKAGE is worth $2 trillion, which is a FREAKY amount. This money will go somewhere, and I estimate that much of it will be devoted to the DE-GLOBALIZATION effort on the part of companies. This means salaries for American workers will rise, demand for raw materials will dramatically expand and inflation will be a huge risk when the entire planet operates on ZIRP and NIRP.

This crash has cost equity losses of $30 trillion, which is NEARLY 135% the size of GDP for the USA. The volatility of this bear market crash and the coming depression is the most severe in history. I’ve been in communications with fund managers, who EXPRESS the concern that DOLLAR demand is putting the system on the brink of derailment.

From the 13th of March, the U.S. dollar has gone up by 9%, which is its most DRAMATIC rally since it was formed!

The reason is because NOTHING is considered safe and I mean NOTHING. Investors even question Washington’s SOLVENCY, as you can see below:

Courtesy: Zerohedge.com

A quarter of a trillion dollars has moved back into money-market accounts. This is a MIND-BOGGLING run on equities of all kinds.

People around the world are sleeping with cash tucked under their pillows, figuratively speaking.

New York City, the world’s most iconic metropolis, will now be under QUASI-martial law. The Army is deployed.

Globally, over one billion people are at home. 85 million Americans are quarantined.

We will defeat the virus, I’m certain of that – but at what cost?

At the start and close of each day, I go over my principles, making sure that the virus and its impact don’t leave a scar on my psyche.

This is what I READ!

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“They Know Nothing” (Again): Jim Cramer Calls For Government To Suspend Taxes, Print Way Out Of COVID-19

This article was originally published by Tyler Durden at ZeroHedge. 

Jim Cramer on Thursday called for the federal government to immediately print $500 billion to address the coronavirus outbreak, and suspend all taxation during the crisis.

Everyone owes the government at all time. Everyone in this country, individuals, corporations. That has to be suspended right now so they have more money,” he said.

Are these radical actions? You bet they are,” Cramer added. “This is the time for radical action and the action can be done by the federal government.

“They know nothing,” the CNBC host began to rant, referring to the government’s response to the crisis, ” there are no signs anyone in government understands the problem.”

“We know more than they do, and that’s not acceptable either,” he added.

Cramer also recommended that companies tap their credit revolvers and that there should be no stigma attached to it when they do so.

His comments come on the heels of President Trump’s prime-time Wednesday address in which he announced that travel would be suspended to most of Europe for 30 days in an attempt to slow the spread of coronavirus. He said he will also ask Congress to provide payroll tax relief for Americans – and would instruct the Small Business Administration to “provide capital and liquidity” to small businesses.

Cramer’s Thursday comments were reminiscent of his infamous “They know nothing!” rant in 2007.

‘They have no idea how bad it is out there… NO IDEA. They know NOTHING!’

Of course in 2008: ‘Bear Stearns is fine.

Investor Peter Schiff disagrees with Cramer, big time:

The feeling was largely mutual across Twitter, though some agree:

 

 

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