Categories
Cases COVID-19 customers Emergency Preparedness Fear food shortages frenzy grocers Headline News hoard toilet paper Intelwars last minute LIES Mainstream media Panic buying plandemic Preparedness propaganda purchase limits scamdemic Shopping Stores

As MSM Panics The Public Over COVID-19 Cases, Grocers Reinstate Purchase Limits

The mainstream media is continuing to be a good puppet of the ruling class by panicking the population into a frenzied state of fear. As we have already seen, when people panic, they hoard toilet paper, and that’s happening again, causing grocers to reinstate purchase limits.

In a statement to USA Today, Kroger said they have “proactively and temporarily set purchase limits to two per customer” on items including toilet paper, paper towels, disinfecting wipes and hand soap. The limits went into effect about a week ago, the grocer chain said. These limits apply to both in store and online purchases on these items.

H-E-B, which manages more than 400 stores mostly in Texas, imposed limits as of Oct. 31 on toilet paper and paper towels to stores in Border, Central Texas, Gulf Coast and San Antonio regions, according to a link on its website tracking purchase limits. The Giant Co., headquartered in Carlisle, Pennsylvania, has about 190 stores across the U.S., said on Oct. 29 it began limiting customers to buying one bundle of toilet paper and paper towels six rolls or larger and up to four single rolls or 4-roll packs of toilet paper and paper towels. The limits were placed “as the supply chain for these products remains challenged,” the company said in a statement to USA TODAY.

“To be clear, we are seeing little evidence of stockpiling, and there is no need to create panic,” Giant said. So, why are people afraid and hoarding paper products again? Because the mainstream media is panicking them over the scamdemic and the rise in cases of the COVID-19.  This is apparant, and it’s easy to know why people have become scared again: the media told them to be.

Wegmans, a Rochester, New York-based supermarket chain, said in a statement they have had limits on purchasing toilet paper and paper towels since May and will continue to maintain them throughout all of scam waves of this plandemic.

Luckily, most readers of this site are already well prepared and stocked up on these things. Keep in mind, most people don’t understand the very basic fundamental rules of preparedness.

Grocery Stores Are Prepping For a 2nd Wave Of COVID-19 Panic Buying

The post As MSM Panics The Public Over COVID-19 Cases, Grocers Reinstate Purchase Limits first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

Share
Categories
citizens COVID-19 death toll economic crash elitists Emergency Preparedness empty shelves Fascism Fear fighting food crisis freedom Headline News hospitals infection Intelwars Madness panic Panic buying ruling class Shopping societal collapse testing toilet paper tyranny Virus

The Coronavirus, Fear, and Elitist Driven Market Insanity

This article was originally published by William Murray at The Ron Paul Institute for Peace and Prosperity

Fear is contagious: Fear is more contagious than any virus could ever be, and the media has really fed the fear factor when it comes to the coronavirus.

I am by no means playing down the deadly Covid-19 coronavirus. It is a killer. Depending on the reporting nation, it appears that on average 3.4 percent of every 100 who catch the coronavirus die. Those are not good odds.

Adding to the problem, the Center for Disease Control allowed the virus to spread in the United States out of an act of pure stupidity. The CDC refused to allow testing of those with coronavirus symptoms unless they had visited certain areas of China. And what about those who were exposed at airports, restaurants, and stores? People died of the coronavirus in the United States before the CDC diagnosed a single case.

Because most of those infected are asymptomatic the scope of the spread of Covid-19 could only have been accurately measured by random testing. But months after the first actual warning from China there were not even enough test kits produced in the United States to test those with symptoms. Random testing still is impossible. Even citizens returning from hotspots in the first half of March were not tested at airports.

The headlines about seven dead in Seattle the first week of March emptied out stores and brought commerce to a standstill in that city. Shops and restaurants emptied out. With no guidance from federal, state or local officials the panic buying spread throughout the United States endangering the lives of millions of people as they coughed, sneezed and fought each other over toilet paper in Costco stores nationwide.

When the CDC began to test those with symptoms who had not been to China, the numbers exploded. As President Trump pointed out in his announcement most of those coronavirus cases came from Europe. But the CDC did not test anyone coming from Europe with the symptoms of the coronavirus despite the headline news of the virus outbreak there. Why?

Elitism: The problem at every level of the federal, state and local governments is elitism. All the bureaucrats think they are far smarter and superior to those they serve, and as a result, they come to very intellectually stupid conclusions. Romans 1:22 describes the government, business, and academic elites well: “Professing to be wise, they became fools.” (KJV)

Stock market reactions were bizarre even for that fantasy world. The DOW was down over 1,000 one day, back up over 1,000 the next, and then on Monday, March 16th down 12 percent, the worst day since 1987. The White House and the Federal Reserve announced the coronavirus would be fought with interest rate cuts.

Interest rates went to zero and the Federal Reserve pumped in $1.5 trillion before March 16th and then another $700 billion the day after.

WHAT? Using interest rate cuts and QE (Quantitative Easing) from the Fed to fight a killer virus?    NO … an interest rate hike to save the stock market from the coronavirus fear factor. The Federal Reserve also doubled down on overnight loans to help banks cover cash shortfall. The markets crashed anyway.

The bank liquidity problem predated the coronavirus. The bank bailout has been going on since last September. The Federal Reserve printed half a trillion dollars to save banks over the last six months. Does that make sense? Most of that money went to cover loans for more stock buybacks and operations of big corporations. The market plunge now requires even more Federal Reserve money printing to cover losses.

The Fed money could not bring the Markets back up because corporations had stopped “buybacks.” It was the buyback of their own stocks by corporations that drove the market up over the last decade or so, not value. Corporations like Exxon – all the big ones – bought back hundreds of billions a dollars a year of their own stock to drive up the share price for investors, and I might add, to increase the bonuses by millions of dollars a year of the CEOs of those companies.

The collective corporations in the S&P bought back more than 100 percent of their total free cash flow in 2019 and for many years before that. Some companies, even in the DOW, paid out more to buy back stock than they made in profit. They borrowed money to buy back stock and drive up the markets.

Total buybacks in 2018 were $806 billion and in 2019 an estimated $710 billion. All down the tubes now, lost in a few days of panic selling. Not enough left of it to buy a coffee at 7-11.

Remember Boeing Aircraft and the 737 Max problem of two crashes that grounded the planes worldwide? Over a period of six years (2013-2019) Boeing paid out $17 billion in dividends and bought back $43 billion of its own stock to drive up the stock price. That $60 billion came to 140 percent of profit for those years.

The CEO of Boeing received tens of millions of dollars for raising Boeing stock value! When he was finally forced out because of the 737 Max crashes he was given $18 million to leave as a reward for cutting production corners and artificially driving up the cost of the stock.

Corporations, like Netflix, that have never made a profit had shares trading at hundreds of dollars.

The markets are so important to the elites that President Trump along with the House Democrats and Republican Senate will do anything to get people buying and cash flowing so the big corporations can restart the buybacks they had to stop because of Covid-19 loss of business.

United Airlines used over 80 percent of its free cash flow in 2019 to buy back stock and now has gone begging for money from President Trump and the Congress to continue operations.

The elites who run the businesses and the bureaucracies are worried about their status and will do anything to keep the markets flying high. Their wealth is based on a fantasy bubble that something like the coronavirus could pop. The elites were so fearful they pretended there was no problem until the problem was too big to hide. Now the public must suffer.

Some final numbers: As of March 17th, the Fed has tossed $2.2 trillion into the whirlpool sewer of the American stock markets. The money could have gone to rebuild the entire rail network in the United States or to relieve the roads of congestion. The money could have been used to repair and replace the thousands of bridges in the United States that are deficient.

OR … That $2.2 trillion could have been used to increase the number of hospital beds per 1,000 persons in the United States up to Chinese or Russian numbers. Yes, the United States has just 2.5 or so hospital beds per 1,000 population in the United States, less than even Turkey. The United States ranks 32nd and for the Covid-19 pandemic, the tents are starting to go up.

“Greatest nation in the world.” Agreed. We have an unequaled military that can go anywhere and do anything. It should be able to — the government prints nearly a trillion dollars a year to pay for it. “Greatest nation in the world” starts to sound flat when the roads, bridges, rail systems and patched together hospital systems are examined under strain.

The Elites, the top 10 percent that own or control 80 percent of the wealth of the nation, have failed us. That includes not just the billionaires, but the Donald Trumps, Joe Bidens, Nancy Pelosis, Mitch McConnells along with the bankers, brokers, CEOs and academic leaders who have produced so many college graduates who now work at convenience stores.

They built the system to do what it does … Create false value in stocks because capital gain is taxed at a far lower rate than dividend income. The tax system was designed to do what the CEOs did to raise the value of their stock at the expense of quality, safety, and jobs.

The political, financial and educational systems have been broken by blood-sucking elites and the time for true populism is now. The nation belongs to the people, not to the elites, and now is the time for the people to take back their nation.

Libertarian populism, the fundamentals as taught by Frederick Hayek in the Constitution of Liberty must finally be turned to for the true freedom the people want and deserve.

William J Murray is the president of Washington DC-based Religious Freedom Coalition and author of several books, his last, Utopian Road to Hell, details the historic pitfalls of collectivism.

Share
Categories
Central Banks Coronavirus COVID-19 Donald Trump Dow Jones economic manipualtion Federal Reserve globally Headline News Intelwars market manipulations outbreak pandemic rate cut Shopping Stock Prices supply chains United States USA

The Unstoppable Coronavirus vs. The “All-Powerful” Federal Reserve

This article was originally published by Michael Snyder at The Economic Collapse Blog. 

Has the Federal Reserve finally met an opponent that it won’t be able to defeat?  Ever since the last financial crisis, unprecedented intervention by the Fed at key moments has kept the economy and the financial system relatively stable.

No matter what has come along, it has seemed like the Federal Reserve has always had an answer, and this has created an environment that has enabled the most ridiculous stock market bubble in U.S. history to grow to epic proportions.  But now COVID-19 is perhaps the greatest challenge that the Fed has faced in modern times.  No matter how low-interest rates are pushed, and no matter how much helicopter money the Fed drops from the sky, it isn’t going to cause fearful Americans to go shopping, take trips or start businesses.  And nothing that the Fed can do will be able to mitigate the severe disruptions to global supply chains that we are currently witnessing.

But that doesn’t mean that the Fed isn’t going to go back to the same old playbook that has worked so well in the past.

On Tuesday the Fed announced an emergency rate cut, and instead of soaring, stock prices absolutely tanked.  In fact, the Dow Jones Industrial Average ended the day down 785 points

The decision to cut rates by half a percentage point came two weeks before the Fed’s scheduled meeting as the central bank felt it was necessary to act quickly to combat the effect of the virus spreading worldwide. It’s the first such emergency action coming in between scheduled meetings since the financial crisis.

The Dow Jones Industrial Average closed 785.91 points lower, or nearly 3%, to 25,917.41; it rose more than 300 points earlier in the day. The 30-stock average gyrated between sharp gains and solid losses after the decision was announced. The S&P 500 fell 2.8% to 3,003.37 while the Nasdaq Composite pulled back 3% to 8,684.09.

At this point, the Federal Reserve doesn’t have much room to reduce interest rates.  But of course, President Trump was disappointed in the Fed’s decision because he wanted an even bigger rate cut

Trump tweeted following the Fed’s move – keeping up his longstanding practice of demanding lower rates.

‘The Federal Reserve is cutting but must further ease and, most importantly, come into line with other countries/competitors,’ Trump wrote. ‘We are not playing on a level field. Not fair to USA. It is finally time for the Federal Reserve to LEAD. More easing and cutting!’

Meanwhile, just about everyone else is using the word “panic” to describe this move by the Fed.  The following example comes from Zero Hedge

Instead, as it stands “it smells like panic” as more than one Wall Street veteran put it.

Worse, as BMO’s Ian Lyngen puts it, what happened after the Fed’s emergency 50bps rate cut, the biggest since Jerome Kerviel blew up SocGen, “the situation didn’t play out exactly as Powell might have envisioned.

So just how bad is it? Well, as plunging stocks demonstrate, the Fed is this close from losing all credibility…. and since the market has been held up for the past 11 years on nothing but Fed faith – and trillions in Fed liquidity – this could be a very, very big problem.

If you can believe it, even CNBC’s Jim Cramer is saying that this move by the Fed has made him “nervous”

Cramer went on to say that he’d previously been optimistic, despite the recent Dow freefall. But the Fed’s move has caused him to adopt a more cautious posture.

“It makes me feel, wow, the weakness must be much more than I thought,” Cramer said. “And I’ve been trying to be bullish, but I can’t.”

He added, “I’m now nervous. I’m more nervous than I was before.”

The Federal Reserve has almost entirely run out of interest rate ammunition already, and we aren’t even officially in a recession yet.

So what are they going to do once things get really bad?

A reduction in interest rates usually spurs the U.S. economy, but these are not normal times.

Even if interest rates were pushed all the way to the floor, it isn’t going to change the fact that global supply chains are collapsing and a large portion of the population is scared to death of this virus

Lower borrowing costs typically spur more consumers to buy houses, cars and other products, and encourage businesses to purchase more equipment such as factory machines, computers.

But historically low rates can’t address delayed deliveries from China that leave store shelves half-filled and auto manufacturers short of imported parts. They can’t prod shoppers fearful of contracting the virus to visit malls and restaurants. And they can’t bring back throngs of foreign tourists to U.S. hotels and shopping centers, including many from China and other countries now subject to travel bans.

And the problems that we are seeing with global supply chains are expected to continue to get worse in the weeks ahead.  In fact, Harvard Business Review is anticipating that the impact of this virus could peak “in mid-March”…

Reports on how the Covid-19 outbreak is affecting supply chains and disrupting manufacturing operations around the world are increasing daily. But the worst is yet to come. We predict that the peak of the impact of Covid-19 on global supply chains will occur in mid-March, forcing thousands of companies to throttle down or temporarily shut assembly and manufacturing plants in the U.S. and Europe. The most vulnerable companies are those which rely heavily or solely on factories in China for parts and materials. The activity of Chinese manufacturing plants has fallen in the past month and is expected to remain depressed for months.

But what if this virus just continues to explode all over the planet?

When I posted my last article yesterday, the number of confirmed cases outside of China had just surpassed the 10,000 mark.

As I write this, that number is just shy of the 13,000 mark, and by the time most of you read this article it will be even higher.

After interest rates are pushed all the way to the floor, “helicopter money” will be about the only weapon the Fed has left.

Normally, “helicopter money” pushes up stock prices, but in the middle of a horrifying global pandemic, people are not going to want stocks.

Instead, there is going to be tremendous demand for food and other essential supplies, and “helicopter money” will just escalate prices to absolutely absurd levels.

Sadly, fear of this virus is already starting to cause this to happen

Would you pay $149 for a two-pack of 12-ounce bottles of Purell? How about a single container of Clorox wipes for $44.25, plus $14.59 shipping?

As the coronavirus spreads and people rush to protect themselves and their families from getting sick, the U.S. is seeing heavy demand for everything from masks to hand sanitizer.

If you use Purell, I hope that you stocked up ahead of time.

There has never been a time like this before in all of American history, and what we have seen so far is just the beginning.

Now that the U.S. is planning to start testing more people, we are being warned that we could see an explosion in the number of confirmed cases in the weeks ahead.

If that happens, there is going to be a tremendous amount of fear.

But now is not a time for fear.  Now is a time to be calm, to think rationally, and to act resolutely.

It is during moments of crisis that we find out who we really are, and hopefully, this challenge will bring out the best in all of us.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of 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 have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations, I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. 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. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and anyway that you can share these articles with others is a great help.

Share