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Front-Running the Crash

This article was originally published by  Charles Hugh Smith at Of Two Minds Blog.

What if everyone in the market realizes it’s now the moment to front-run the crash?

We have a fine-sounding word for running with the herd: momentum. When the herd is running, those who buy what the herd is buying and sell what the herd is selling are trading momentum, which sounds so much more professional and high-brow than the noisy, dusty image of large mammals (and their trading machines) mindlessly running with the herd.

We also have a fine-sounding phrase for anticipating where the herd is running: front-running. So when the herd is running into stocks, those who buy stocks just ahead of the herd are front-running the market.

When the Federal Reserve announces that’s it’s going to make billionaires even wealthier with some new financial spew, those betting that stocks will never go down because the Fed has our back are front-running the Fed.

There are two remarkable assumptions at the heart of momentum and front-running: The momentum herd and those front-running the herd base their behavior on the assumption that there will always be other rich people who will sell all the shares they want to buy at today’s prices before the run-up to new highs.

Since only rich people own stocks, we know that those selling stocks are selling to other rich people and those buying stocks are buying from other rich people. So the assumption of those front-running the market is that there is a large enough sub-herd of rich people who for whatever reason aren’t smart enough to front-run the herd, and who will foolishly sell their stocks just before they double in value.

The second assumption is that there will also be a large enough sub-herd of rich people who will buy all the shares they want to sell at the top, just before the bubble pops and the value of the newly purchased shares falls in half.

There are various ways to state this, but the bottom line is that momentum and front-running are only profitable if you sell at the top, just before the bubble bursts. You would be forgiven for anticipating that the same sub-herd front-running the herd and the Fed on the way up to the top of the bubble would be just as prescient and active in front-running the inevitable bursting of the bubble, but this is not how running with the herd works.

Short interest recently plumbed multi-year lows, indicating that very few are front-running the market crash.

Those trading momentum and front-running the herd/Fed are making a remarkable assumption, an assumption which is visible in a great volume of financial-media content: the stock market, we’re told, will continue to make new highs like clockwork until some point in the third or fourth quarter, at which point there may well be a spot of bother, i.e., a crash.

The assumption is that all the rich people who own stocks will be so splendidly stupid that they will hold their shares until the crash and then sell them at prices far lower than they can fetch today. Put another way, the market participants who decide this is close enough to the top to liquidate their positions today and not wait around for the crash to wipe them out assume that that the herd of other rich people who will be delighted to buy their insanely overvalued shares at today’s prices is large enough to absorb all their selling with no downward pressure on valuations.

In other words, the assumption being made is: I can wait until just before the crash to sell, because there will be boatloads of splendidly stupid rich people who will buy all the shares I want to sell at today’s lofty prices–or higher, and this liquidation won’t push valuations off a cliff.

As a general rule, people don’t all become rich by being splendidly stupid, i.e., failing to anticipate what other rich people are about to do, and so this raises the question: what if everyone in the market realizes it’s now the moment to front-run the crash?

Perhaps Wile E. Coyote could offer some useful perspective on what happens next.

If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com.

The post Front-Running the Crash first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Farmers Blame The Feds: The “Government Stole Our Water!”

Farmers in the United States have reached a breaking point. They now say that what the government has done has been so disastrous that they are willing to stand off with the Feds.

Farmers in Oregon are protesting because they own the water in the Upper Klamath Lake, farmer Dan Nielsen told RT’s Ruptly video agency. He stood outside an American flag-colored tent that was set up next to the canal headgates, which control the flow of irrigation water from the lake. “It’s ours and the federal government actually just stole it. No due process of law, no compensation,” Nielsen said, adding that federal officials had violated the locals’ property rights guaranteed by the US Constitution.

Are people really just now figuring out that the government, doesn’t care about the Constitution?

“But whether the Constitution really be one thing or another, this much is certain – that it has either authorized such a government as we have had or has been powerless to prevent it. In either case, it is unfit to exist.” ? Lysander Spooner, No Treason: The Constitution of No Authority

The rulers do not care. They do not care about the rules they use force and violence to make the rest of us obey. Government is slavery it always has been and it always will be.

The US Bureau of Reclamation closed the canal last month, saying that due to the extreme drought there was not enough water left for it to operate properly. The bureau also said that releasing the water will threaten the endangered species of salmon that inhabit the lake. The fish have agricultural and spiritual significance to the Native American tribes who live upstream, according to a report by RT

According to local media, thousands of farmers on the Oregon-California border were left without a steady water supply after the closure of the canal. Klamath Irrigation District president Ty Kliewer said that “the impacts to our family farms and these rural communities will be off the scale.”

The farmers are now in such a dire situation and with a food supply already on a razor’s edge of disaster, they say they will release the water themselves.

They spoke about releasing the water themselves if the government does not back down. “If [the Feds] don’t budge… I think we’re just going to end up taking it,” Nielsen said. “It’s the only way the government gets it.” In order to avoid confrontation, officials must let farmers use the water for their crops or purchase the land from the farmers, he said.

They showed JPR a text conversation with Bundy and said the militiamen will get a heads-up when the farmers make their move. “I’m planning on getting DC’s attention,”  another outraged farmer, Grant Knoll told Jefferson Publis Radio this month. “We’re going to turn on the water and have a standoff.”

“Everything the State says is a lie, and everything it has it has stolen.”? Friedrich Nietzsche

The post Farmers Blame The Feds: The “Government Stole Our Water!” first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Iran Vows To Respond To Israel’s Alleged Sabotage at Natanz Nuclear Site

Iran is promising to respond to alleged sabotage by Israel of the Natanz nuclear site. Iran’s foreign minister has issued a warning to Israel that an attack on the Natanz atomic site will not stop the country’s nuclear program.

Speaking alongside his Russian counterpart on Tuesday, Iranian Foreign Minister Mohammad Javad Zarif said that Israel had made a “very bad gamble” by sabotaging the Natanz nuclear site.

The underground Iranian nuclear facility at Natanz experienced a power outage on Sunday. Iranian Foreign Ministry spokesman Saeed Khatibzadeh called the suspected Israeli sabotage “an act against humanity, because the damage done to the plant could have caused a disaster.

The foreign minister contended that Iran’s hand in the renegotiation of the Joint Comprehensive Plan of Action (JCPOA), the now-abandoned 2015 pact limiting Tehran’s nuclear ambitions, had been strengthened by Israel’s sabotage. “The Israelis thought the attack will weaken our hand in the Vienna talks, but in contrary, it will strengthen our position,” Zarif said. -RT

Zarif also said that Natanz would continue to be an important nuclear enrichment site for Tehran. “I assure you that in the near future more advanced uranium enrichment centrifuges will be placed in the Natanz facility,” he stated.

Israel has not taken responsibility for the act.

Iran has labeled Israel’s alleged involvement in the attack on the nuclear site as an attempt to provoke Tehran and derail talks in Vienna. Those talks are said to have a goal of bringing Iran and the US back in line with the 2015 pact which President Donald Trump unilaterally left in 2018. If successful, crippling sanctions against Iran would be removed.

If Iran does follow through on its promise to retaliate against Israel for this action against the nuclear site, we could see an escalation that could lead to war.  With the ongoing tensions currently continuing to rise between Ukraine and Russia, global conflict seems inevitable.

Stay prepared and stay aware. Use your discernment and actively employ your critical thinking skills. It’s imperative at this point in history to understand what does and does not resonate with you. Choose morality and life over dogma and political slavery. We can unite to stop these wars, but it’s going to take more people choosing to not kill each other at the commands of their rulers.

The post Iran Vows To Respond To Israel’s Alleged Sabotage at Natanz Nuclear Site first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Prep For An Explosion: Mauna Loa Is “Waking Up”

According to mainstream media, Hawaiian volcano Mauna Loa is “waking up” and those in the area should “prepare for an eruption.” Hopefully, anyone who reads this site and lives in Hawaii already has a SHTF plan in place that includes the possibility of a volcanic eruption, so here’s what we know.

Over the past week, the Hawaii Volcano Observatory has recorded over 200 small magnitude earthquakes below the Mauna Loa volcano. These and other observations of increased activity in recent weeks all point to an increased flow of magma into the volcano’s shallow storage system, according to the HVO.

According to a report by Forbes, while scientists emphasize that an eruption isn’t necessarily going to happen today or tomorrow, this week the HVO put out a release urging that “now is the time to revisit personal eruption plans.”

Mauna Loa is not currently erupting and it remains at a Volcano Alert Level ADVISORY. Scientists say this alert level does not mean that an eruption is imminent or that progression to an eruption from the current level of unrest is certain. But many are urging preparedness.

We would urge both preparedness and discernment along with the use of critical thinking skills. All of these combined are a winning combination in any SHTF situation.

Hawaii’s Kilauea Volcano Has A Lava Lake That’s “Being Monitored”

Forgetting Something? 5 Overlooked Bug Out Bag Items

Kilauea volcano has also had some odd developments lately. This volcano is also located on the Big Island. According to HVO, a small lava pond has developed near the western fissure during 5-7 March.

A plan for your family and a bug-out bag could come in handy. Make sure all members of the family know where to meet up just in case something happens when you are all separated.

Volcanic eruptions in Hawaii are not rare and can be devastating. Do not live in fear, but prepare in advance for any possibility.

 

The post Prep For An Explosion: Mauna Loa Is “Waking Up” first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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The U.S. Dollar Is Being Systematically Destroyed, And We Are On A Path That Inevitably Leads To Hyperinflation

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

If we keep treating the U.S. dollar like it is toilet paper, it is just a matter of time before our entire financial system goes down the tubes.  At this moment, the dollar is still the primary reserve currency of the world and the fact that we control it is an absolutely massive advantage for us.

Because the rest of the globe uses dollars to trade with one another, that creates a tremendous amount of artificial demand for our currency, and it keeps the value of our currency elevated at a level that is much higher than it otherwise would be.  But now that we are starting to act like the Weimar Republic in their heyday, it is only going to be a matter of time before everyone else on the planet starts abandoning the U.S. dollar in droves.  We are literally killing our “golden goose”, and most Americans do not even understand what is happening.

The remarks that John Williams made about hyperinflation during a recent interview with Greg Hunter have created quite an uproar, but the truth is that Williams is right on target.

We are on the exact same path that Zimbabwe, Venezuela, and so many others have already gone down, and the very foolish decisions that we have been making are only going to end in complete and utter disaster.

To illustrate what I am talking about, I would like to direct your attention to what has happened to M2 during this calendar year.  For those that are not familiar with M2, here is a definition that comes from Investopedia

M2 is a calculation of the money supply that includes all elements of M1 as well as “near money.” M1 includes cash and checking deposits, while near money refers to savings deposits, money market securities, mutual funds, and other time deposits. These assets are less liquid than M1 and not as suitable as exchange mediums, but they can be quickly converted into cash or checking deposits.

As you can see from this chart, the M2 curve has been rising at an exponential pace in 2020.  In fact, since the pandemic started the curve has nearly gone vertical…

If we keep doing this, we won’t be facing a major financial disaster years from now.

Rather, it will just be a matter of months before the wheels start coming off.

But our leaders do not have any intention of changing course now.  During 2020 the Federal Reserve has been pumping money into the financial system at a rate that we have never seen before, and they have indicated that they plan to continue to support the financial markets as we head into 2021.

And Chicago Federal Reserve Bank President Charles Evans just said that he expects that interest rates could continue to be pushed all the way to the floor “perhaps into 2024”

Chicago Federal Reserve Bank President Charles Evans said Monday there is still “quite a long ways to go” for the U.S. recovery from the coronavirus crisis, adding that he expects the Fed to keep interest rates at their current near-zero level until perhaps into 2024.

Of course the federal government is going to continue to pump out “stimulus package” after “stimulus package” no matter who is in the White House.  This is a point that John Williams made very strongly during his interview with Greg Hunter

Because they has been so much damage done to the economy, Williams says there will have to be stimulus no matter who eventually makes it into the White House.  Williams contends, “Let’s say Trump gets re-elected.  He’s not going to have any choice but to increase stimulus to try to help the economy and help people.  If Biden takes over, he’s going to have to do the same.  He is already promising massive stimulus.  Where it gets really scary is if the Democrats can take control of the House, the Senate as well as the White House. . . . The stimulus there is going to be unbelievable. . . . The more radical Democrats will just print the money you need and spend whatever you need to spend it on, and don’t worry about it. . . . Whoever gets into power, there is going to be more deficit spending.  It’s just a matter of how radical it will be. . . . There is no way we are escaping massive stimulus for at least the next year and into 2022.”

Virtually everyone likes getting “free money” from the government, but you have probably noticed that the price of just about everything has been going up lately.

And this is just the beginning.  According to Williams, we are literally on the verge of a “hyperinflationary Great Depression”

Williams expects to see some very large inflation because of all the stimulus coming and predicts, “The more left we go, the more rapid will be the demise of the dollar.  Eventually, it will be a hyperinflation in the United States.  What I am looking at here is this evolving into a hyperinflationary Great Depression.  To save yourself, you have to preserve your wealth, your dollar assets.  To do that, you have to convert your dollars into physical gold and silver, precious metals and just hold them.  They will retain value over time as opposed to paper dollars that will effectively become worthless.  You’ll be getting a lot of money from the government, and they will keep giving you more and more and more, but that’s going to be an environment of rising and rising inflation.  It’s not necessarily going to buy you more. . . . Hyperinflation will bring political disruption. . . . Hyperinflation is a form of default.  Gold is telling us hyperinflation is straight ahead of us.”

Needless to say, what Williams is saying is perfectly consistent with the warnings in my new book.

To protect themselves, a lot of investors have been pouring money into gold, silver and other precious metals.

At the start of this year, the price of gold was sitting at $1,520.55.  As I write this article, the price of gold is at $1824.00.

And actually the rise in the price of silver has been even more dramatic over the course of 2020.

Gold and silver will almost certainly keep rising as the value of the dollar continues to be destroyed, but even those that invest in precious metals are not going to win in the end.

Because the truth is that the complete collapse of our financial system is not going to benefit any of us, and there is going to be no way to avoid such a fate if we keep going down this very dangerous path.

***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 U.S. Dollar Is Being Systematically Destroyed, And We Are On A Path That Inevitably Leads To Hyperinflation first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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A “Brain Eating” Amoeba Has Been Found In Texas Water Supply

A disaster declaration has been issued by the governor of Texas after the water supply of one Houston suburb has a tainted water supply. Environmental officials have warned residents of Lake Jackson, Texas to boil their water before using it for cooking or drinking after a six-year-old boy died from a brain-eating amoeba discovered in the water.

Tests for naegleria fowleri showed its presence in three of 11 samples in the Lake Jackson area, including one from a hose at the boy’s home, according to the Associated Press. Texas Governor Greg Abbot referred to the water sample tests when he issued the disaster declaration on Sunday. He said, “the presence of naegleria fowleri, which can cause a rare and devastating infection of the brain called primary amebic meningoencephalitis, was identified in three of 11 tests of the water supply, posing an imminent threat to public health and safety, including loss of life,” as CBS News reported.

Health officials let Lake Jackson know that a boy had become infected with the brain-eating amoeba in early September. Exposure to the microbe usually happens through the nose and the boy’s family believes he was exposed through the family’s hose or from the nearby Lake Jackson Civic Center Splash Pad where water sprays up from the ground. – The New York Times.

Lake Jackson, a city of 27,000, will see its water flushed and then tested before the “do not drink” order is lifted, according to the BBC. “During this period of disinfection and flushing, boiling the tap water makes it safe for drinking and cooking,” said the Texas Commission on Environmental Quality in a statement, as the AP reported. “Naegleria fowleri is a type of amoeba that can be managed using standard treatment and disinfection processes.”

According to the Centers for Disease Control and Prevention, you cannot get infected from drinking water contaminated with Naegleria. You can only be infected when contaminated water goes up into your nose.

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War for Hong Kong?

This article was originally published by  Llewellyn H. Rockwell, Jr. at Lew Rockwell. 

President Trump faces trouble, and he is handling it in a dangerous way. Our economy is reeling, as the Fed pours out billions of dollars in a futile effort to avert disaster. We know to our cost that politicians, faced with crisis at home, provoke war “to busy giddy minds with foreign quarrels.”

Unfortunately, this is just what Trump is doing. According to a CNN news report on Friday, May 28, “President Donald Trump launched a blistering attack on Beijing Friday, naming misdeeds that range from espionage to the violation of Hong Kong’s freedoms, and announced a slew of retaliatory measures that will plunge US-China relations deeper into crisis.

‘They’ve ripped off the United States like no one has ever done before,’ Trump said of China, as he decried the way Beijing has ‘raided our factories’ and ‘gutted’ American industry, casting Beijing as a central foil he will run against in the remaining months of his re-election campaign.

Trump called out China for ‘espionage to steal our industrial secrets, of which there are many,’ announced steps to protect American investors from Chinese financial practices, accused Beijing of ‘unlawfully claiming territory in the Pacific Ocean’ and threatening freedom of navigation.

The President also blasted Beijing for passing a national security law that fundamentally undermines Hong Kong’s autonomy, announcing that going forward the US will no longer grant Hong Kong special status on trade or in other areas and instead will apply the same restrictions to the territory it has in place with China. Trump outlined that the US will strip Hong Kong of the special policy measures on extradition, trade, travel, and customs Washington had previously granted it.”

Let’s look at Hong Kong first, as this is the issue most likely to get the American public roused up. “Isn’t it terrible,” some people will say, “that the Chinese government has rounded up and imprisoned rioters against its authority in Hong Kong?” In answer to this, you need to bear in mind a key fact. The American government instigated the Hong Kong protests and egged them on in a direct challenge to the Chinese government. As Tony Cartalucci, Bangkok-based geopolitical researcher and writer, especially known for the online magazine “New Eastern Outlook,” pointed out last September, “even US policymakers have all but admitted that the US is funneling millions of dollars into Hong Kong specifically to support ‘programs’ there. The Hudson Institute in an article titled, ‘China Tries to Blame US for Hong Kong Protests’ would admit:

A Chinese state-run newspaper’s claim that the United States is helping pro-democracy protesters in Hong Kong is only partially inaccurate, a top foreign policy expert said Monday. 

Michael Pillsbury, a senior fellow at the Hudson Institute, told Fox News National Security Analyst KT McFarland the U.S. holds some influence over political matters in the region.

The article would then quote Pillsbury as saying:

We have a large consulate there that’s in charge of taking care of the Hong Kong Policy Act passed by Congress to ensure democracy in Hong Kong, and we have also funded millions of dollars of programs through the National Endowment for Democracy [NED] … so in that sense, the Chinese accusation is not totally false.

A visit to the NED’s website reveals an entire section of declared funding for Hong Kong specifically. The wording for program titles and their descriptions is intentionally ambiguous to give those like US Secretary of State Mike Pompeo plausible deniability.

However, deeper research reveals NED recipients are literally leading the protests.”

Given this provocative US behavior, the Chinese government could not back down. As Pat Buchanan warned back in December: “There is another issue here — the matter of face.”

China has just celebrated the 70th anniversary of the Revolution where Mao proclaimed, ‘China has stood up!’ after a century of foreign humiliations and occupations.

Can Xi Jinping, already the object of a Maoist cult of personality, accept U.S. intervention in the internal affairs of his country or a city that belongs to China? Not likely. Nor is China likely to accede to demands for greater sovereignty, self-determination or independence for Hong Kong.

This would only raise hopes of the city’s eventual escape from its ordained destiny: direct rule by Beijing when the 50-year China-U.K. treaty regarding the transfer of Hong Kong expires in 2047. For Xi to capitulate to the demands of Hong Kong’s demonstrators could cause an outbreak of protests in other Chinese cities and bring on a crisis of the regime.”

In thinking about what to do, we need to be guided by the wisdom of Murray Rothbard. He long ago pointed out that we should oppose American intervention in foreign countries. It isn’t our job to act as a world rights enforcing agency. We should mind our own business. As he put it, “We must say rather that, given the unfortunate existence of the State, we must limit and reduce its power, anywhere and everywhere, and wherever possible. We must try constantly to abolish or at least lower taxes-whether for ‘defense’ or for anything else-and never, never advocate any tax increase. Given the existence of the State, we must try to abolish, and if not abolish to limit and reduce, its internal power-its internal exercise of taxation, counterfeiting, police state aggression, controls, regulations, or whatever. And similarly, we must try to abolish its external power-its power over the citizens of other States. The criminal State must be reduced as much as we can everywhere-whether it be in its internal or external power. In contrast to the usual right-wing partiality for – foreign over domestic intervention, we must recognize that foreign intervention tends to be far worse.”

What Murray said about intervention in Eastern Europe when it was under communist control applies perfectly to our situation: “Now don’t misunderstand me; I have not abandoned the moral principle for cynicism. My heart yearns for ethnic justice, for national self-determination for all peoples. . . . But, to paraphrase Sydney Smith’s famous letter to Lady Grey, please let them work this out for themselves! Let us abandon the criminal immorality and folly of continual coercive meddling by non-Eastern European powers (e.g. Britain, France, and now the U.S.) in the affairs of East Europe. Let us hope that one day Germany and Russia, at peace, will willingly grant justice to the peoples of East Europe, but let us not bring about perpetual wars to try to achieve this artificially.”

Trump’s complaints about China’s trade policies again ignore the role of American provocation. Eric Margolis identifies the core fallacy in Trump’s strategy: “Trump’s wars are economic.  They deploy the huge economic and financial might of the United States to steamroll other nations that fail to comply with orders from Washington.  Washington’s motto is ‘obey me or else!’  Economic wars are not bloodless.  Imperial Germany and the Central Powers were starved into surrender in 1918 by a crushing British naval blockade.

Trade sanctions are not making America great, as Trump claims.  They are making America detested around the globe as a crude bully.  Trump’s efforts to undermine the European Union and intimidate Canada add to this ugly, brutal image.

Trump’s ultimate objective, as China clearly knows, is to whip up a world crisis over trade, then dramatically end it – of course, before next year’s elections.  Trump has become a master dictator of US financial markets, rising or lowering them by surprise tweets.  No president should ever have such power, but Trump has seized it.

Trade wars rarely produce any benefits for either side.  They are the equivalent of sending tens of thousands of soldiers to be mowed down by machine guns on the blood-soaked Somme battlefield in WWI.  Glory for the stupid generals; death and misery for the common soldiers.”

Trump also mentioned Chinese claims of territory in the Pacific Ocean.  He ignored the fact that the South China Sea belongs to them, not to us, yet we send our ships there and insist we have a right to control what happens there. Also, a great deal of China’s industry and agriculture is privately owned, so an attack on China would be an attack on private property. Both the neocons and the nationalist “Right” want war with China. We should aim at peace instead, as Murray Rothbard and Ron Paul have taught us.

It is ironic that Trump accused China of industrial espionage. The US has for decades spied and monitored governments and industries all over the world, of course including China.

As the writer “Moon of Alabama” has said, “European countries do not fear China or even Chinese spying. They know that the U.S. is doing similar on a much larger scale. Europeans do not see China as a threat and they do not want to get involved in the escalating U.S.-China spat. . . Every nation spies. It is one of the oldest trades in this world. That the U.S. is making such a fuss about putative Chinese spying when it itself is the biggest sinner is unbecoming.”

The Chinese people are highly productive and intelligent, and their success doesn’t depend on industrial espionage against the United States. Rather than condemn the Chinese, Trump should commend them for their monumental steps toward a free market, with unprecedented economic growth, after suffering the carnage of Maoist communism.

Trump spoke about suing the Chinese for the damage caused by the Covid-19 epidemic. As I wrote in an article last month, “There is good reason to believe that the coronavirus epidemic is part of an American biological warfare campaign against China and Iran. The brilliant physicist Ron Unz, who has time and time again been proved right by events, makes this case in a scintillating analysis.”

Even if the US didn’t do this, it would be highly irregular to sue a nation just because a virus began there. Besides, if America wants to go that route, wouldn’t many countries have grounds to sue America for what the American government did to them? What about Iraq, which has suffered from US bombing and blockades in a war now widely admitted to be a mistake? What about people all over the world who have been killed with arms supplied to foreign governments by the US?

Rather than stir up trouble with China, President Trump should promote free trade. How can it help the people of Hong Kong to deny them its free port, with no tariffs on imports or exports? America needs to confront its domestic crisis, brought on by the terrible lockdown and financial irresponsibility.  War with China will only make our present crisis immeasurably worse.

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The High Cost Of Locking Down America: “We’ve Seen A Year’s Worth Of Suicide Attempts In The Last Four Weeks”

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

Locking down much of the country may have helped to “flatten the curve” a bit, but it has also had some very serious consequences that public health officials did not anticipate.  Humans were created to be social creatures, and forcing us to isolate ourselves from one another for weeks on end has turned out to be quite problematic.

This has especially been true for those that live alone.  Today, the U.S. has a higher percentage of one-person households than ever before, and keeping those individuals totally isolated in their own homes is not that different from putting prison inmates in solitary confinement for an extended period of time.  In both cases, it can be just a matter of time before people mentally break.

Even before this pandemic came along, the suicide rate in the United States was already soaring, and now the number of suicides is spiking like we have never seen before.  Just consider what Dr. Mike deBoisblanc of John Muir Medical Center in Walnut Creek, California says is happening in his area

“We’ve never seen numbers like this, in such a short period of time,” he said. “I mean we’ve seen a year’s worth of suicide attempts in the last four weeks.”

And suicide helplines all over America are seeing an enormous increase in the number of people calling in…

Many crisis centers are reporting 30% to 40% increases in the number of people seeking help. The helpline at Provident is experiencing a tenfold increase compared with this time last year, when no national disaster was occurring.

In addition to being isolated in their own homes, Americans have also been bombarded by endless coverage of this pandemic by the mainstream media, and this has definitely helped to fuel a lot of anxiety

In all, 66% are watching and consuming more news than ever before, which is particularly puzzling considering that 68% also admitted that COVID-19 coverage gives them considerable anxiety. It’s not just anxiety either; 65% said they feel overwhelmed by coronavirus news, 56% just get plain angry, 67% feel burnt out, 59% experience fearfulness, and 50% can’t help but feel hopeless after hearing the nightly news.

And of course Americans are not just watching more news than ever before.  According to Comcast, the average U.S. household has actually been watching 66 hours of TV a week during this pandemic…

New research from telecomms firm Comcast has revealed viewing time has soared as a result, with households watching an extra eight-plus hours of TV each week – equivalent to the time spent on a full days’ work shift.

This means the average household now watches 66 hours of TV a week, up from 57 hours a week in early March.

Watching endless hours of television is one of the worst possible things that you can do for your mental health.

If you put garbage into your mind, you are going to get garbage out.

And allowing the corporate media elite to endlessly feed hour after hour of “programming” directly into your mind is incredibly self-destructive.

In addition to binge-watching television, many Americans have also been dealing with this crisis by turning to drugs and alcohol

Findings by The Recovery Village, a Florida-based network of addiction treatment facilities, reflect an “expected” increase in substance use during the pandemic, with Americans reporting a 55% rise in alcohol consumption in the last month. When it came to illicit drugs, 36% of Americans reported increased use of marijuana and prescription opioids, among others.

Needless to say, this is more self-destructive behavior that is just going to fuel even more anxiety, depression, and despair.

Yes, this pandemic has been bad.  There have been more than 1.7 million confirmed cases of COVID-19 in the United States so far, and about 100,000 Americans have died.

But this isn’t the worst thing that we are going to face.  In fact, it isn’t even close.

So if we can’t handle what is happening right now, how in the world are we going to be able to handle what is coming?

The good news is that this pandemic is causing a lot of people to wake up and reflect on what really matters.

Prior to COVID-19, a lot of Americans were living for their careers.  But this crisis has demonstrated how rapidly those jobs can disappear.  There is absolutely no loyalty in the corporate world today, and most corporations will not hesitate to lay off workers once they start bleeding money.  At this point, more than 38 million Americans have already lost their jobs, and more job losses are coming in the weeks and months ahead.

Other Americans were living for the pleasures of this life before this pandemic came along.  But now bars, clubs, and movie theaters all over the country have been shut down, professional sports leagues have been paralyzed, and this virus has even transformed dating into a hazard that many people simply don’t want to deal with.

So many of the things that we once valued so highly have been taken away, and maybe that is precisely what we needed.  Wrestling legend Hulk Hogan created quite an uproar when he made this point very strongly on Instagram…

“Word up, can you handle the truth my brother only love HH,” wrote Hogan, who has 1.5 million followers on Instagram. “In three short months, just like He did with the plagues of Egypt, God has taken away everything we worship.

“God said, ‘you want to worship athletes, I will shut down the stadiums. You want to worship musicians, I will shut down Civic Centers. You want to worship actors, I will shut down theaters. You want to worship money, I will shut down the economy and collapse the stock market. You don’t want to go to church and worship Me, I will make it where you can’t go to church.

“‘If my people who are called by my name will humble themselves and pray and seek my face and turn from their wicked ways, then I will hear from heaven and will forgive their sin and will heal their land.”

I couldn’t have said it better myself.  I wrote an entire book urging people to start focusing on what really matters, because true hope will not be found in the temporal things that the world is constantly chasing.

And it has definitely been encouraging to hear that many young people have taken this crisis as an opportunity to start thinking about spiritual issues more

A majority of teens and young adults say they are praying more or thinking about spiritual issues more than they were prior to the coronavirus pandemic, according to a new survey.

The poll of 800 high school students and 800 post-secondary students found that 67 percent said they’re either praying more often or thinking about spiritual issues more compared to the time before the virus.

There is hope, but it won’t be found on a television screen, at the bottom of a bottle or at the end of a needle.

So please don’t give up.  Despite all of the craziness in our world today, the best chapters of your life can still be ahead of you.

But if you keep feeding your mind endless hours of media “programming” and you keep chasing the things that they tell you to chase, all that is ahead of you is more pain, more anxiety, more depression, and more despair.

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. 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.  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 all many people as we possibly can.

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cash Coronavirus COVID-19 death toll Disaster Donald Trump economy crashing elections emergency Emergency Preparedness experts Federal Reserve Financial Crisis Forecasting global economy Headline News Humanity Intelwars market closure pandemic physical gold public fear quarantine social distancing The Fed zero interest rates

RESPIRATORY DISTRESS: Gold Nosedives – MOTHER BAILOUT DISCHARGED!

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

Coronavirus is now, QUITE HONESTLY, one of the worst disasters to come upon the human race since WW2. The quantity of casualties worldwide is about 7,000 – which, compared with the 50,000 deaths a day caused by malnutrition, the 400,000 deaths a year caused by smoking, and the hundreds of thousands of deaths every year caused by car accidents and alcoholism, is NOTHING, but the prevention of further spread comes at an unbearable cost to economies.

The real ISSUE in this matter is not that the virus has brought about untold tragedies, but that the LACK OF proper ways of containing the virus do not exist, without MASS-SCALE quarantines and OUTLAWING INTERACTIONS.

The trade-off to eradicating the virus and of limiting the death toll, when it comes to the price paid by the global economy, is that all of our major industries have FLICKED THEIR SWITCHES OFF.

Collectively, as societies, we are SUBJECTING OURSELVES to this crisis, in a financial sense, in order to potentially save many lives. The combination of public fear and of the medical professionals, who DO NOT wish to UNDERSTATE the lethality of Covid-19, has painted us into a corner, along with governors, U.S.-bound, and heads of state, globally, who just WILL NOT risk taking responsibility for this contagious outbreak happening under their watch.

As a global society, we have decided that in the field of pandemics, we hold authorities accountable for coming up with SOLUTIONS and the eyes of the world are on WASHINGTON.

Courtesy: Zerohedge.com

The U.S. economy is, without a doubt, ENTERING an earnings recession with each passing hour. What the Federal Reserve has done, by cutting interest rates to ZERO in a full-on EMERGENCY manner, is to allow credit markets to FUNCTION, since they were PUSHING THE ENVELOPE.

Literally, had the central bank not done this, yesterday we would have seen dollar shortages worldwide. We could have experienced market closures, a bank holiday, lines at the ATMs and curfews, with police patrolling the streets.

The Federal Reserve threw itself on a live grenade to save credit facilitation and bond liquidity but TOOK ITSELF out of the game completely.

They will now be buying bonds and Mortgage-Backed-Securities, an OFFICIAL QE5 program launch, but they will not INTRODUCE negative rates.

Courtesy: Zerohedge.com

Before the FED intervention, the bond markets were close to SHOUTING MAYDAY. The entire planet wanted dollars and there weren’t enough to go around.

The same goes for physical gold. While the price of paper ETFs is falling, in a couple of days, you will not be able to EASILY get your hands on the real thing. Due to OUTRAGEOUSLY high demand and supply chain constraints, both gold and silver, which have dropped like a rock to the bottom of the ocean on the TOTALLY MANIPULATED paper exchanges, are UNATTAINABLE in material form.

Because the Federal Reserve is wounded and left on the sidelines, I expect the MOTHER OF ALL BAILOUTS to start being deployed by the government and by international organization, which are U.S.-centric, such as the IMF and the World Bank.

This is a global pandemic and, as many have feared, the response will be globally-coordinated, opening the DANGEROUS doors to a one-world currency and global governance STRUCTURE.

Don’t think for a second that power-starved globalist key players aren’t looking to FULLY capitalize on the suffering of others and become their heroes in this time of crisis.

Make no mistake about it: the levels of FEAR on the street are HUMUNGOUS. I surveyed several mentors of mine, who were so bearish that I nearly used it as a CONTRARIAN indicator that the worst is behind us.

What you want to see before making a large allocation is the indication of higher highs. For now, we’ve broken below the December 2018 lows, so the floor is that 1,800-2,200 for the S&P 500, the level it traded when Donald Trump made an upset and won the 2016 presidential elections.

Courtesy: Zerohedge.com

At this point, as you can see, the fear of the public, especially with the PROSPECT of a lawful house curfew, mandated by the federal authorities, is SIGNALING DISTRESS.

Obviously, ZERO interest rates and QE programs are not enough to make investors BELIEVE the crisis has been contained.

In a few days, companies will begin releasing their emergency measures, mostly in the fields of manpower, coupled with the publication of FRESH unemployment numbers and we will need a BILL, signed by the SENATE, which assists the misfortunate.

Nothing else will suffice.

The markets are UTTERLY CONCERNED that after nearly one full term of VERBAL VIOLENCE between the Democrats and the Republicans, they will drag their feet, rather than be one step ahead of the economy, IN UNISON.

By this Friday, we will have an ADEQUATE amount of data and we could, with higher certainty, form a decision on BUYING THE DIP or staying in cash even longer.

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Coronavirus Disaster dramatic economic Headline News horrific Intelwars Jerome Powell Market Crash Money Printing oil industry zero interest rates

TRUMP’S PEARL HARBOR: Corona Cataclysm – ECONOMIC 9/11!

This article has been contributed by our good friends at the Wealth Research Group. 

The Weight Of The World On His Shoulders

You will be able to wipe the floor with what’s going to be left of the markets, if a more REASONABLE and sensible way of dealing with coronavirus isn’t implemented, as soon as NOW!

Entire industries can CRUMBLE to dust. At this point, countries are essentially FORBIDDING and PROHIBITING businesses from making income.

When an entire country is being put under quarantine, how can ANY small business pull through?

Because tourism, commuting, shipping, air travel, and trucking are, de facto, HALTED, the energy sector has CRATERED to 15-yr lows!

Courtesy: ZeroHedge.com

The wave of defaults will be GIGANTIC, without federal assistance. The oil industry isn’t alone. There are hundreds of thousands of restaurants, hotels, entertainment venues, sports teams, and retail malls, which stand to lose a FORTUNE!

The Federal Reserve has already cut interest rates to make sure credit is available and that this doesn’t DRASTICALLY escalate into another 2008. I can tell you that in less than a week it will absolutely slash them, AGGRESSIVELY, once more.

We are in the midst and at the heart of the most terrible economic disaster of our lives.

Much more intimidating than the virus itself is the disruption corona has had and IS HAVING on commerce.

The response has been so DRAMATIC that I can’t imagine a RELIEF MASTERPLAN not being drafted, as we speak.

This could easily escalate to social upheavals since families are tapping into their savings and seeing their businesses DEMOLISHED and their portfolios OBLITERATED. People’s livelihoods, self-dignity, lifetime body of work and their future, are at risk.

Courtesy: ZeroHedge.com

Wall Street is demanding Powell take a SWORD and demolish the current interest rates down to zero. The S&P 500 already visited bear market territory and the Dow Jones is now down over 20%, as well as the Russell 2000 and the European equivalent of the S&P 500.

Many millions of people will not be able to quit their jobs and retire, as they’d hoped.

Many millions more will most likely be laid off or cut back.

This upcoming period will be horrific.

Not since the Dot.Com massacre of the NASDAQ have so many stocks gone down.

It really doesn’t matter which company it is; nothing has been immune to the virus and to the panic surrounding it.

Courtesy: ZeroHedge.com

This is the advance/decline graph for the New York Stock Exchange. In a healthy market, most stocks are heading higher. Right now, THE LION’S SHARE of them is going down. It’s a severe bear market.

Nothing is safe and I don’t think this is the end of it, unfortunately.

Not until the restrictions are relaxed, can any MATERIAL change of course occur.

Zero interest rates and government support might satisfy investors that there’s help coming, but nothing can replace an EMPTY MALL or a stadium without fans.

The boiling point is within 2-3 days; if this isn’t sorted out over the weekend, business-wise, we’ll see the sky falling.

Trump will not allow his crown jewel, unemployment numbers, to rise and for businesses to shrink its workforce that quickly. He will act; he has no choice, since, as you can see below, the odds are tilted in the Democrats’ favor.

Courtesy: ZeroHedge.com

Trump doesn’t have much time to turn this around. He knows that fiscal policies take time to implement and have an effect, so he’s going to put NON-STOP pressure on Jerome Powell to stimulate, as other central banks are doing.

He’s not going to leave him alone, even for a second.

Powell also knows that if he doesn’t comply, the public will certainly blame him for not listening to the President.

I don’t know if markets are enjoying the rivalry or if they want to see a unified front of leadership, but the end result is the same: the U.S. will have lower rates very soon.

The Chinese have started the miraculous return to normalcy in many parts of the country.

If the Chinese did it, others will mimic their success. The way I look at this, the global economy will soon rely much less on China.

Globalism might have peaked with Coronavirus.

 

 

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Aesop bug out Commander Zero Disaster Intelwars Tam

RE: Maybe I Haven’t Been Clear by Aesop

Our friend Aesop wrote an interesting post. I read it and came to a very different conclusion than I believe he was getting at. I was reminded about something our friend Commander Zero said long ago. What is the very first rule of surviving a disaster?

Don’t Be There!

Some disasters, particularly hurricanes, are fairly predictable inside 2-3 days. Lots of riots have a lead up time. If a disaster is coming go somewhere else.

There are pros and cons to living in different areas. However once you factor in that the two supposed survivalist havens are overdue for massive events, volcanic and seismic respectively, the intellectually honest are a but easier going on folks living in other areas. Also the inland PNW has real fire issues. What I am getting at is that wherever you live something could happen that makes it untenable.

Inevitably someone will say “Don’t be a refugee” or “I’ve seen ‘The Road'”.

First of all dial the drama down. By far the realistic threats that face us are localized or regional. Stop worrying about some doomer porn scenario. Driving the family hauler to a Best Western 2 towns over is the realistic situation for most of these ‘refugees’. Second even in a full on unlikely situation obviously one does not choose to become a refugee because it sounds like fun. One chooses to become a refugee because it seems like what’s at home is even less fun.

Natural disasters are self explanatory. If a huge armed mob is killing everyone who looks like you and they are one town over you should pack quickly then drive in the opposite direction. Unless you have terminal cancer and want the mob to kill you in a blaze of glory the answer is to leave. Personally I would rather lose my stuff then shoot some guys who don’t matter anyway, have them shoot me, and then terrible things happen to my family.

The point is that if things get bad you take your .45 and wad of cash then go somewhere else. Somewhere less disastery. People have some fantasy of bug out camping or escape and evasion or whatever. In reality a cheap motel room 250 miles the other direction of the disaster is usually the answer.

It is good to have supplies and plans and all that. Many situations are solved by just staying home. However if nuclear aids meteors are scheduled to land on your house in a day you should spend most of that day getting away from your house. Having plans to bring some survival gear, guns in case things get sporting, etc is important. However the most important part of that survival kit will be the visa that buys the motel room and pizza. Being honest your bug out bag could be a suitcase or a Rubbermaid tote. Discussion of whether the rifle that will sit in the corner by your bed should be an AKM or AR is fun, we all like guns, but probably not the most important thing to focus on.

The point here is that we should, with reason, try to avoid being in areas where we will face disasters. When faced by disasters vote with your legs and get the heck out. To paraphrase Tamra “Don’t be there, so you don’t have to do that.”

Most of the time the answer is to stay home, except when it is not. When it is time to leave better to go a week early than try to go a day late.

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