Immigration SUSPENSION for Visa Workers

Re-Blogged From RightWingAmericans.Com

President Donald Trump caused outrage among Democrats on Monday when he announced that his administration would protect American workers by suspending immigration into the United States while the country battles an economic crisis.

According to a New York Times report, published on Tuesday morning, the president’s plan could come into effect in the next few days when he is expected to sign an executive order. Sources familiar with the plan, according to the Times, say that the executive order would stop the United States approving any new applications from foreigners intending to live and worked in the United States. It would shut down the illegal immigration system completely for as long as the president deems the executive order to be necessary.

Continue reading

Flawed Models Show Why COVID-19 Policies Must Consider Total Mortality

Re-Blogged From Civil Patriot

In response to the coronavirus pandemic, the federal government has been heavily influenced by the Institute of Health Metrics and Evaluation’s computer model, which has projected from 60,000 to 240,000 COVID-19 deaths in the U.S.

This epidemiological model is now being criticized as flawed and misleading as a source of public information and for government decision-making. Besides the institute’s model, all other COVID-19 models are grounded in important assumptions about which there is currently little knowledge.


Continue reading

What’s Next, Trillion-Dollar Coins?

By Stefan Gleason – Re-Blogged From Gold Eagle

The massive set of stimulus measures rolled out last month by the Treasury Department and Federal Reserve has left many Americans wanting more… and politicians scheming for new ways to dole out additional trillions in cash.

Most taxpayers have already received their $1,200 “stimulus” payments. However, that one-time payment will do little to repair the long-term financial health of the 26 million (and rising) who are newly unemployed.

And it surely won’t bail out all the small business owners who were callously deemed “non-essential” and forced to shut down during this pandemic.

Continue reading

It’s Only Paper

By Keith Weiner – Re-Blogged From Silver Phoenix

The response to the virus has added a new mechanism of capital consumption to the many we have documented over the years. Businesses are shut down, yet they continue to incur expenses. There is a popular misconception out there that this is merely a paper loss. One can almost picture a neutron bomb that somehow wipes out only paper, leaving all the physical assets and plant unscathed. It’s a pleasant fantasy. And it’s quite a popular one—not only amongst all the usual suspects, but even an Austrian school economist of our acquaintance asserted it.

As an aside, this illustrates that, too often, economists are unfamiliar with business. The economist looks at a closed restaurant and thinks there’s no reason why this restaurant can’t be mothballed for a day, a week, a month, or a year. The owner of the restaurant would object that he’s still paying certain expenses, even if he’s laid off all of his staff. And the economist retorts, “That’s just paper!”

Continue reading

The data is in — stop the panic and end the total isolation

The tragedy of the COVID-19 pandemic appears to be entering the containment phase. Tens of thousands of Americans have died, and Americans are now desperate for sensible policymakers who have the courage to ignore the panic and rely on facts. Leaders must examine accumulated data to see what has actually happened, rather than keep emphasizing hypothetical projections; combine that empirical evidence with fundamental principles of biology established for decades; and then thoughtfully restore the country to function.

Five key facts are being ignored by those calling for continuing the near-total lockdown.

Fact 1: The overwhelming majority of people do not have any significant risk of dying from COVID-19.

The recent Stanford University antibody study now estimates that the fatality rate if infected is likely 0.1 to 0.2 percent, a risk far lower than previous World Health Organization estimates that were 20 to 30 times higher and that motivated isolation policies.

Continue reading

Of Tests and Confirmed Cases

By Willis Eschenbach – Re-Blogged From WUWT

I’ve been saying for some time now that the number of confirmed cases is a very poor way to measure the spread of the coronavirus infection. This, I’ve said, is because the number of new cases you’ll find depends on how much testing is being done. I’ve claimed that if you double your tests, you’ll get twice the confirmed cases.

However, that position was based on logic alone. I did not have one scrap of data to support or confirm it.

Max Roser is the data display genius behind the website Our World In Data. He has recently finished his coronavirus testing dataset, covering the patchwork quilt of testing in various countries. The data is available here.

Continue reading

Financiers of Poverty, Malnutrition and Death – Part 1

By Paul Driessen – Re-Blogged From WUWT

Private ‘philanthropic’ foundations join government agencies in funding anti-technology NGOs

The UN Food and Agriculture Organization, anti-development banks, the Agency for International Development (USAID), NGO (non-government organization) pressure groups and other eco-imperialists are properly condemned for using their money, power, and control over trade and lending to keep millions of African, Asian and Latin American families from having access to reliable, affordable energy, pesticides and spatial insect repellants to prevent disease, and modern agricultural technologies.

Those outfits perpetuate poverty, disease, malnutrition and death. Yet the eco-manslaughter continues.

Continue reading

EarthDay at 50: None Of The Eco-Doomsday Predictions Have Come True

By Ron Stein – Re-Blogged From WUWT

From predicting ecological collapse and the end of civilization to warnings that the world is running out of oil, all environmental doomsday predictions of the first Earth Day in 1970 have turned out to be flat out wrong.

More than three decades before Greta Thunberg was born — the Swedish environmental activist on climate change — more than 20 million Americans participated in the first Earth Day on April 22, 1970.

We now look back at quotes from Earth Day, Then and Now,” by Ronald Bailey of the spectacularly wrong apocalyptic predictions from Earth Day 1970.

Continue reading

Michael Moore’s new film trashes ‘planet saving’ renewable energy – full movie here!

By Michael Shellenberger– Re-Blogged From WUWT

A MUST READ! Wow, the renewable light bulb of “great idea” over Michael Moore’s head just burned out. He’s trashing renewables in this new film Planet of the Humans.

On the 50th anniversary of EarthDay, the irony meter is pegged. It’s an epic take-down of the left’s love-affair with renewables by one of the left’s most known public figures. Full video follows. h/t to Dennis Wingo.

New Michael Moore-Backed Documentary On YouTube Reveals Massive Ecological Impacts Of Renewables

Over the last 10 years, everyone from celebrity influencers including Elon Musk, Arnold Schwarzenegger, and Al Gore, to major technology brands including Apple, have repeatedly claimed that renewables like solar panels and wind farms are less polluting than fossil fuels.

Continue reading

The Pandemic: Cardinal Numbers No One Talks About

By Vinay Kolhatkar – Re-Blogged From Savvy Street

It’s plausible that somewhere between 100 million and 500 million people on earth have had, or are having, the coronavirus infection.

That is a staggering statement when, as at April 19, 2020, the confirmed cases numbered 2.35 million. And we are projecting that somewhere between 40 to 200 times that, is the real number, which is between 1.3% and 6.5% of the world population.

What’s the reasoning behind how we may have gotten there? And what’s the evidence?

Let’s go through the reasoning first.  Continue reading

City Beachside Homeowners are Wealthy Enough to Ignore Sea Level Rise

No sign of acceleration: Boston Sea Level Trends (source NOAA).

And beachfront high-rise development is still OK providing the developer plants a few weeds in front of the buildings.

Will climate change end waterfront living? Not if you can afford it

Oliver Milman in Boston @olliemilmanMon 20 Apr 2020 20.15 AESTLast modified on Tue 21 Apr 2020 00.43 AEST

Boston has endured several tumultuous eras, from being the birthplace of the American revolution to its seesawing fortunes as power and influence was wrested away by other US cities.

Now Boston faces its most existential threat yet – the rising seas.

Continue reading

Carbon Pricing is a Practical Dead End

By Roger Caiazza – Re-Bloogged From WUWT

According to Resources for the Future, carbon pricing is a climate policy approach that works by charging industrial sources  for the tons of emissions of carbon dioxide (CO2) they emit. I have been following this for quite a while and think that despite the attractiveness of the theory there are practical reasons why it will not work as advertised.

I am prompted to prepare this summary of my concerns because a coalition has asked the Federal Energy Regulatory Commission to hold a technical conference or workshop on carbon pricing.  In my opinion this coalition consists of vested interests that do not consider the effect on ratepayers.

Continue reading

Climate Change – Ebb and Flow of the Tide – Part 3 of 3

By Kelvin Kemm – Re-Blogged From WUWT

Dr Kemm’s complete essay containing all three parts may be found here.

The Pause Century

40. There has been essentially no global warming during the 21st Century. This reality has been called ‘The Pause’ by some, who claim that the real rise in temperature is actually going on, but that for some unexplained reason, has paused for a while.

There is debate about the ‘Pause,’ with some saying that there were gaps in data; the variations are too small to be statistically significant; etc. If this is so, how come climate change enthusiasts have been so utterly certain of their position and their figures for the past 20 years plus.

Continue reading

Nature: ChiCom-19 Fatality Rate Similar to Influenza

Re-Blogged From WUWT

ChiCom-19

Aldo Ray as Sgt, Muldoon, The Green Berets, 1968.

Why do I call all things coronavirus, ChiCom-19?

  • Because it is a destructive weapon that came from Communist China. This doesn’t mean it was an engineered bio-weapon or that it was intentionally used to attack almost every nation on Earth. Continue reading

Coronavirus and Covid-19 Rumination #5

By Rud Istvan – Re-Blogged From WUWT

The world continues to learn about this sometimes deadly new zoonotic virus. We know now from NYC that it is disproportionately serious in males (61% of tested symptomatics), more fatal in people over 65 (63%), and is disproportionately lethal (84%) in people with especially the comorbidities hypertension (55%), diabetes (35%) and obesity (50% of serious/critical [s/c] hospital admissions in NOLA, under 60 years old 2x s/c in NYC). More on the significance of these facts is developed below.

We know from two inadvertent extreme ‘lack of social distancing’ “experiments”, Diamond Princess (DP) and CVN71 (Theodore Roosevelt, TR), that only about 15% (TR) to 19% (DP, with several more weeks of exposure) ever test positive for the virus. That means that something like 80-85% of people have an immune system that seems to handle the virus effortlessly even in highly infectious, high viral titer circumstances–so that not even a positive viral shedding test develops. This could just be a very good innate immune system; it could also be a primed active immune system (i.e. the population was NOT naïve). A very plausible explanation hypothesis is developed below with important ramifications for opening countries from extreme lockdown measures.

Continue reading

Anatomy Of A Fiat Currency Collapse

By Alasdair Macleod – Re-Blogged From Gold Eagle

This article asserts that infinite money-printing is set to destroy fiat currencies far quicker than might be generally thought. This final act of monetary destruction follows a 98% loss of purchasing power for dollars since the London gold pool failed. And now the Fed and other major central banks are committing to an accelerated, infinite monetary debasement to underwrite their entire private sectors and their governments’ spending, to prop up bond markets and therefore all financial asset prices.

It repeats the mistakes of John Law in France three hundred years ago almost to the letter, but this time on a global scale. History, economic theory and even common sense tell us governments and their central banks will rapidly destroy their currencies. So that we can see how to protect ourselves from this monetary madness, we dig into history for guidance to see who benefited from the Austrian and German hyperinflations of 1922-23, and how fortunes were made and lost.

Continue reading

Where Is The Money Coming From?

By Egon von Greyerz – Re-Blogged From Gold Eagle

Will the Coronavirus be the catalyst of not just a depression but also major reduction in global population? The growth in world population since the 1850s has been explosive. In the 1850s there were 1 billion people and today we are 7.8 billion. Although many “experts” have extrapolated the growth to 10 billion and more in coming decades, this has in my view not been based on sound reasoning. Instead, as I been writing about and discussed many times the spike in population that we have seen in the last 170 years will not end well.

Anyone who can read a chart knows that a spike on a major sample doesn’t continue straight up. And it doesn’t just correct sideways either. At some point, a spike up is always corrected by a major spike down. I talked about this in my article from April 2018. Below is an extract from this article:

Continue reading

Seeing What One Expects

By Kevin Kilty – Re-Blogged From WUWT

This morning I awoke to a mid-April morning temperature of -11F. The 1981 to 2010 climate normals indicate our average daily minimum temperature per this date as about 23F, and the standard deviation as 8F. Thus, our morning low temperature is a 4-sigma event. Surely something to evoke comment. Yet, it did not so far as I know.

This caused me to ponder something I observed  two months ago. Ten minutes from my home, in the mountains to my east, is great nordic skiing. It was at one time home to what we call, the Norwegian olympics. There was unusually good snow this winter, and people came from near and far to enjoy it. What I heard often in conversation in the parking lot in February was that we were having an “unusually warm” winter. I thought not. I have lived in this area, off and on, for 40 years, and I thought this winter was pretty typical, even possibly slightly cool.

Continue reading

Claim: “Bath Sponge” Metal Organic Material Makes Climate Friendly Hydrogen Automobiles Viable

Hindenburg Hydrogen Explosion Disaster
Last time someone tried to create a Hydrogen economy – the Hindenburg Hydrogen Explosion Disaster – By Gus Pasquerella – http://www.lakehurst.navy.mil/nlweb/images/1213d.gif, Public Domain, https://commons.wikimedia.org/w/index.php?curid=632191

Continue reading

What’s Causing Job Loss

By Willis Eschenbach – Re-Blogged From WUWT

I’ve read claims on the web that the job losses in the US were due to the virus itself, and to the fear of the virus making people cut back on activities. The claims are that the job loss is more from that, and not so much a result of the American Lockdown. So I thought I’d take a look at the weekly new claims for unemployment insurance. Of course, the different states have been hit differently by the changes. Here’s the graph of weekly new unemployment claims for one of the least affected states, Oregon.

Figure 1. Weekly new unemployment claims, Oregon, since 1999. “Usual” refers to the one-year period preceding the record rise.

Continue reading

Weekly Climate and Energy News Roundup #406

The Week That Was: April 18, 2020, Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Quote of the Week: “It is the mark of an educated man to look for precision in each class of things just so far as the nature of the subject admits.” – Aristotle, Nicomachean Ethics [H/t Demetris Koutsoyiannis]

Number of the Week: 2 cents

Limits of Models: In the midst of the lock-down of much of the U.S. public and the collapsing economy; some Americans are learning a few important lessons. One, the country is a republic with a written Constitution. As President Trump realized this week, that Constitution grants the Federal government limited powers, even during a health emergency. And two, numerical models are not infallible. Indeed, almost daily, Drs. Birx and Fauci repeat on television that: “this model is only as good as the data we put into it.” Speculation, scenarios or projections, may be interesting but must be supported by evidence fitting the issue. Unfortunately, all too frequently government policy has been based on models using inappropriate data.

Continue reading

Excess Costs of UK Weather Dependent Renewable Energy

Re-Blogged From WUWT

Summary

These straightforward calculations are intended to answer the simple question:

“roughly how much would it cost to generate the same amount of power as is produced by the present fleet of UK Weather Dependent Renewables, using conventional generation technologies, (Nuclear or Gas-firing) ? and how do those figures compare ?”.

Accordingly the post quantifies the scale of the fiscal waste and the burdens on utility bills attributable to the use of UK Weather Dependent Renewables as in 2019.  The approximate long-term cost commitment is ~250 £billion according to these calculations.  The present long-term cost estimate for the UK Weather Dependent Renewables fleet amounts to about twice the annual, cost of the NHS or about 11% of annual UK GDP.  As can be seen later these estimates show that using Weather Dependent Renewables costs about 12 times as much as using Natural Gas and about 3 times as much as Nuclear power.

Continue reading

Gold Shoulder Build And Stock Market Collapse

By Stewart Thomson – Re-Blogged From Gold Eagle

Gold, Crouching Silver And Hidden Oil Market

By Keith Weiner – Re-Blogged From Gold Eagle

The price of gold has been up steadily for the last 30 days (with a few zigs and zags), now re-attaining the high it achieved prior to the big drop in March. Gold ended the week at $1,662. Alas, it’s not quite the same story in silver, whose price drop was bigger. Now its price blip is smaller. Silver ended the week at $15.19.

One does not need to look to the gold-silver ratio, which is currently off the charts, to see that the world has gone mad. Silver, it has long been understood, has both industrial as well as monetary demand. With the plunge in economic activity of all kinds due to the response to the coronavirus, the industrial component of silver demand is drastically reduced.

Continue reading

The Extreme High In The Gold/Silver Ratio

By Jeff Clark – Re-Blogged From Gold Eagle

There are a few times in an investor’s life where, as Jim Rogers once put it, you see a pile of money sitting in a corner and you can go pick it up. In other words, an investment opportunity that’s not just obvious, but has a high reward-to-risk ratio.

It may not have been expected by many investors, but the gold/silver ratio (gold price divided by the silver price) has stretched to never-before-seen levels. It’s soared to not just a generational high, but a historic high. As in 5,000 years of history.

Does this extreme reading suggest there is a pile of money sitting in a corner that we can go pick up? At a minimum it suggests a highly compelling investment opportunity.

Let’s take a look at the ratio and see what message it might be sending…

Continue reading

Coronapocalypse Is Deeper Than The Great Recession

By Arkadiusz Sieroń – Re-Blogged From Gold Eagle

The recent economic reports show that the current coronavirus crisis will be bigger than the Great Recession. What does it imply for the gold market?

US Economic Data Paints a Gloomy Picture

This week was full of new reports about the US economy. And guess what, I don’t have good news… First of all, let’s start with the update about the weekly initial unemployment benefits. In normal times, the initial claims are not too keenly watched by investors. But in times of a pandemic, they are very informative. The spike in the initial claims may even become the symbol of this crisis. Anyway, the number of new claims for the unemployment benefits declined from 6.6 million in the previous week to 5.2 million in the week from April 4 to April 11, as the chart below shows.

Chart 1: Initial jobless claims from April 2019 to April 2020

Continue reading

If There Are No Bulls, Who Are The Buyers?

By Rick Ackerman – Re-Blogged From Silver Phoenix

Climate Change – Ebb and Flow of the Tide –Part 2 of 3

By Dr Kelvin Kemm – Re-Blogged From WUWT

Continued from Part 1

Emotional, agenda-driven politics confronts sound, evidence-based science

The topic of global warming and climate change is far more scientifically complex than the public is led to believe.

Myriads of newspaper, magazine and TV items over decades have tended to simplify the science to the point at which the general public believes that it is all so simple that any fool can see what is happening. Public groups often accuse world leaders and scientists of being fools, if they do not instantly act on simple messages projected by individuals or public groups.

One often hears phrases like: ‘The science is settled.’ It is not. Even more worrying is that the reality of the correct science is actually very different to much of the simple public perception.

Continue reading

Pay Close Attention To This Data

By Marin Katusa – Re-Blogged From Gold Eagle

Interest in gold and gold stocks has skyrocketed in the last 2 weeks. And for good reason.

Let’s recap what we’ve just seen in short order…

  • Explosive price gains – check.
  • Massive changes in investor sentiment – check.
  • Retail calling stockbrokers (and vice versa) about highly speculative junior gold stocks – check.

Gold surged from $1,470 during the peak of the March Meltdown to over $1,750 this week. Gold is getting hot again.

Stockbrokers that were all cannabis and blockchain oriented the last few years are now calling their clients about the next “hot” junior gold stock.

Continue reading

China, Trade, And Carona Virus

By Rick Mills – Re-Blogged From Ahead of the Herd

As a general rule, the most successful man in life is the man who has the best information

“Today the House of Representatives has taken an historic step toward continued prosperity in America, reform in China, and peace in the world. . . it will open new doors of trade for America and new hope for change in China.”

That was President Bill Clinton, commenting on the spring, 2000 vote in the US House of Representatives, to normalize relations with China. The vote was effectively a US endorsement of China joining the World Trade Organization (WTO), and confirmed the pro-accession stance of the White House.

Continue reading

A Massive GOLD Bull Market Is Building

Imagine, if you will, there was no coronavirus. No haz-mat suits, medical masks & gloves, no make-shift morgues. No terminally ill patients hooked up to ventilators, no horrible deaths without love ones close, no lockdowns, no social distancing, no deserted streets, no bailouts, no emergency wage supplements, just a regular spring with birds chirping and flowers blooming.

Of course there is no getting away from the covid-19 pandemic that has slammed into populations and economies like a “God of chaos” comet. It seems to have permeated civilization, threatening lives, livelihoods, and the way we conduct ourselves professionally and socially.

Continue reading

Business Continuity and the Chinese Virus

By Christopher Monckton of Brenchley – Re-Blogged From WUWT

Early in 2001, an international corporation’s chief financial officer conducted a business-continuity appraisal of the entire business. All insurances were reviewed and brought up to date. The pension fund was audited to make sure it could meet its obligations. Health, safety and business-risk assessments of every kind were conducted.

The United States headquarters of the corporation were in a prominent New York skyscraper. The cautious finance officer decided that if one of the many totalitarian regimes worldwide that hate democracy and, therefore, have a particular loathing for the United States were to mount a terrorist attack, the building might be vulnerable. At some cost, he turned in the lease and, notwithstanding some grumbling from the board, moved the entire operation to somewhere less prominent.

The building was No. 1, World Trade Center.

Continue reading

How to Re-Open the Country and Control COVID-19

Thoughts of a Mathematician

This article assumes that federal, state, county, and city governments, having jurisdiction over a particular location, act in coordination and agreement. This agreement is referred to here as the government’s decision. Any such decision would likely comprise actions by the government and reasonable and easy to follow recommendations to public.

1.     Metrics

“If you can’t measure it, you can’t manage it” is applicable here. To control COVID-19, we need to measure the percentage of infected, immune, and naïve individuals in each location and age group. The most popular metrics – the number of tested positively and the number of deaths – are not very useful.

Continue reading

This Drug May Be Saving COVID Patients’ Lives

By Victor Tangermann – Re-Blogged From Futurism
Experts — and the drug’s maker — are urging caution until the results are officially released.

According to leaked information obtained by STAT, the antiviral drug remdesivir may be an extremely effective treatment for severe cases of COVID-19.

In lab test conducted at the University of Chicago Medicine, 125 people who tested positive COVID-19, 113 of which had severe cases, were given daily infusions of the drug.

Continue reading

How the Green New Deal’s Renewable Energy Mining Would Harm Humans and the Environment

By Paul Driessen – Re-Blogged From Heartland Institute

As this paper shows, expanding mining on the scale needed to meet the renewable energy requirements contained in the Green New Deal and other proposed renewable energy mandates would cause unimaginable harm to the environment, wildlife, and humans.

Executive Summary

The Green New Deal (GND)—promoted by Sen. Bernie Sanders (I-VT), Rep. Alexandria Ocasio-Cortez (D-NY), and several other prominent elected officials—aims to replace all fossil fuels and nuclear energy with so-called “renewable” energy sources, primarily wind and solar.

Continue reading

States Face More Push-Back Against Draconian Shelter Orders

Re-Blogged From Liberty Headlines

While many Americans are filled with fear, Melissa Ackison says the coronavirus pandemic has filled her with anger.

The stay-at home orders are government overreach, the conservative Ohio state Senate candidate says, and the labeling of some workers as “essential” arbitrary.

“It enrages something inside of you,” said Ackison, who was among those who protested Republican Gov. Mike DeWine’s orders at the statehouse in Columbus with her 10-year-old son.

She has “no fear whatsoever” of contracting the virus, she said Thursday, dismissing it as hype.

Continue reading

Does Gold Really Care Whether Coronavirus Brings Us Deflation Or Inflation?

By Arkadiusz Sieroń – Re-Blogged From Gold Eagle

One of the many bothering issues about the coronavirus crisis, is whether it will turn out to be inflationary or deflationary. What do both of these scenarios mean for gold ahead?

US Inflation Rate Declines in March

Many people are afraid that the coronavirus crisis will spur inflation. After all, the increased demand for food and hygiene products raised the prices of these goods. Moreover, the supply-side disruptions can reduce the availability of many goods, contributing to their increasing prices.

On the other hand, the current crisis results not only from a negative supply shock, but also from a negative demand shock. As a result of uncertainty, people cling to cash and forego unnecessary expenses. In addition, social distancing means reduced household spending on many goods and services, which exerts deflationary pressure. The most prominent example is crude oil, whose price has temporarily dropped to just $20 a barrel (although this was partly due to the lack of agreement between OPEC and Russia). Lower fuel prices will translate into lower CPI inflation rate. Entrepreneurs, especially those with large stocks of goods, will probably lower prices to encourage shopping. Moreover, the appreciation of the US dollar means lower prices of imported goods.

Continue reading

The Four Horsemen Hate Silver

The Four Horsemen of the Apocalypse bring pain and reset expectations. They are, according to some sources, pestilence, war, famine, and death.

Pestilence: News stories besiege us about the dangers of COVID-19, the pestilence released upon the world by (take your choice) bats, the United States, China, or a bioweapon lab. This pandemic is creating trauma for everyone. Confidence in governments and health agencies will decline. Trust in central banks will, hopefully, reset to much lower levels. Paper assets and fake money will be unmasked and understood for what they are. Real money will (someday) be appreciated as the only money without counter-party risk. But until that day… the paper derivative exchanges on COMEX “manage” prices.

Continue reading

COMEX Search And Seizure

By Craig Hemke – Re-Blogged From Gold Eagle

These are dark times for The Bullion Banks. Their Fractional Reserve and Digital Derivative Pricing Scheme is in great peril as refineries, miners, and mints all shut down in response to the coronavirus pandemic. Will these Banks be able to scrounge up enough physical metal to keep their scheme afloat through June? That remains an open question.

You may recall that we’ve been warning of the outrageous volume of COMEX EFPs (Exchange For Physical) for years. For the calendar years 2018 and 2019, the COMEX swapped out over 14,000 metric tonnes of contracts for alleged “physical metal” in London. And this process grew even more extreme in 2020, as the first three weeks of the month saw 290,000 COMEX gold contracts “exchanged” this way. Here’s the link from the last post dedicated to this subject, written on March 10: https://www.sprottmoney.com/Blog/comex-gold-efp-us…

Continue reading

Green New Deal Goes Viral, and Fails

By Gregory Wrightstone – Re-Blogged From WUWT

Proponents of the Green New Deal (GND) tell us that increasing human carbon dioxide emissions are fueling a dangerous rise in worldwide temperature. This temperature rise is then linked to a laundry list of climate-related catastrophes like droughts, floods and fires that are ongoing and only going to get worse unless drastic measures are taken.

Their solution? Force consumers and industries away from the consumption of the fossil fuels and toward carbon-free energy sources like wind, solar and geothermal. Glaringly missing from most of these green proposals is an embrace of the only non-fossil fuels that could provide abundant and reliable energy – nuclear and hydro-electric projects (but that is a story for a different day).

A broken down wind turbine has a massive birds nest built into the top.

Reposted with permission from Bizpacreview

Continue reading

The Chinese-virus lockdowns that have done their job

By Christopher Monckton of Brenchley – Re-Blogged From WUWT

In Italy and Spain, two of Europe’s hardest-hit nations, the compound daily growth rates in cumulative cases of Chinese-virus infection have fallen to 2.8% and 3.4% respectively. The lockdowns in these two countries are, for the first time, being eased.

clip_image002

Fig. 1. Mean compound daily growth rates in confirmed cases of COVID-19 infection for the world excluding China (red) and for several individual nations averaged over the successive seven-day periods ending on all dates from March 28 to April 12, 2020. A link to the high-definition PowerPoint slides is at the end of this posting.

Continue reading

Fauci-Birx Climate Models?

By Paul Driessen and David R. Legates – Re-Blogged From WUWT

Honest, evidence-based climate models could avoid trillions of dollars in policy blunders

President Trump and his Coronavirus Task Force presented some frightening numbers during their March 31 White House briefing. Based on now 2-week-old data and models, as many as 100,000 Americans at the models’ low end, to 2.2 million at their high end, could die from the fast-spreading virus, they said.

However, the President, Vice President Pence, and Drs. Anthony Fauci and Deborah Birx hastened to add, those high-end numbers are based on computer models. And they are “unlikely” if Americans keep doing what they are doing now to contain, mitigate and treat the virus. Although that worst-case scenario “is possible,” it is “unlikely if we do the kinds of things that we’re essentially outlining right now.”

Continue reading

More Good news about the Chinese virus

By Christopher Monckton of Brenchley – Re-Blogged From WUWT

The good news keeps coming. In the United States and Canada, the weekly-averaged daily compound growth rates of confirmed cases of infection are now about 8%, down from the benchmark values of 23% and 17% respectively that obtained in the three weeks to March 14, when Mr Trump declared the pandemic to be a national emergency.

clip_image002

Fig. 1. Mean compound daily growth rates in confirmed cases of COVID-19 infection for the world excluding China (red) and for several individual nations averaged over the successive seven-day periods ending on all dates from March 28 to April 11, 2020. A link to the high-definition PowerPoint slides is at the end of this posting.

Continue reading

The Bats Behind the Covid-19 Pandemic

Re-Blogged From WUWT

The Bats Behind the Pandemic (published 9 April 2020): From Ebola to Covid-19, many of the deadliest viruses to emerge in recent years have the same animal source.

Ridley horsebat

“RaTG13 is the name, rank and serial number of an individual horseshoe bat of the species Rhinolophus affinis, or rather of a sample of its feces collected in 2013 in a cave in Yunnan, China. The sample was collected by hazmat-clad scientists from the Institute of Virology in Wuhan that year. Stored away and forgotten until January this year, the sample from the horseshoe bat contains the virus that causes Covid-19.

Continue reading

Inflationary And Insolvency Implosion Of The Bond Market

We are all praying for the Wuhan virus to die. But there is something the virus can actually “cure” itself: deflation. I put the word cure in quotes because it’s not an actual issue in reality. Low inflation and disinflation are actually great conditions to enjoy and help an economy thrive. Increasing the purchasing power of consumers is something that should be cherished and targeted goal. Increases in productivity, along with a strong currency, raises your standard of living. In sharp contrast, Central Banks think any rate of inflation that is less than 2% is a deadly economic disease that must be vanquished faster than the Wuhan virus.

Many Austrian economists believed the money printing that occurred during the Great Recession of 2008 would engender massive inflation. That indeed turned out to be the case; but only with asset price inflation. The Fed’s balance sheet expansion left Consumer Price Inflation (CPI) far behind. This is because the Fed bailed out banks, not consumers. Mr. Bernanke printed trillions of new dollars to purchase bad assets from banks’ balance sheets. Thus, it gave banks credit in exchange for those assets; and that base money was primarily parked back at the Federal Reserve. In other words, there was a huge increase in Fed credit but not in loans that would have led to an increase in the broader monetary aggregates—the kind of money supply increase that leads to rising CPI. What money that was lent out arrived directly to Wall Street by the process of banks selling MBS, ABS and other troubles assets and then using that credit to buy more bonds and stocks. The rich got richer and the lower classes were, for the most part, left out in a big way.

Continue reading

Welcome To The Hyperinflationary Depression

By Clive Maund – Re-Blogged From Silver Phoenix

The title of Leo Tolstoy’s massive tome, War and Peace, which many have heard of but few have read, implies a cyclical alternation between these conditions, which never ends, no matter how great the level of technological advance, because of the nature of men, which does not change.

It is the same with the great economic cycles which alternate between boom and bust. Once a parasitic overclass gain absolute power and a society is riven with corruption, decadence, graft and nepotism then its downfall is assured and is only a matter of time – and what empowers the parasitic overclass more than anything else is a fiat money system, which enables them to award themselves unlimited funds the better to live off the backs of the labor of everyone else, and no entity on the planet provides a more graphic example of this than the US Federal Reserve.

Continue reading

If Bulls Had Wings They Could Fly

Today the bulls did it it again. This market remains deeply entrenched in denial, soaring even as unemployment soars higher toward the grand summits of the Great Depression and with certain knowledge that many jobs will not return.

The U.S. stock market secured another strong advance on Thursday, despite an economic bombshell of historic proportions. The Dow Jones Industrial Average (DJIA) soared nearly 500 points after this morning’s jobless claims revealed a further 6.6 million unemployed. A gut-wrenching 16 million Americans have now filed for unemployment over the last three weeks…. Some investors are beginning to doubt the ongoing relief rally with many holding out for new lows.