Greens Promote Child Slave Labor and Ecological Destruction

By Paul Driessen – Re-Blogged From WUWT

Why don’t African black lives and ecological values matter? or impacts in and beyond Virginia?

The US Supreme Court recently ruled 7-2 to reverse a lower court ruling that had invalidated a permit for the Atlantic Coast Pipeline, which will bring West Virginia natural gas to Virginia and North Carolina, for home heating, factory power, electricity generation and manufacturing petrochemical feedstocks.

Environmentalists had claimed the US Forest Service had no authority to issue the permit, because a 0.1-mile (530-foot) segment would cross 600 feet below the 2,200-mile-long Appalachian Trail, which is administered by the National Park Service. Justice Thomas’s majority opinion scuttled that assertion.

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A Collapsing Dollar And China’s Monetary Strategy

Alasdair Macleod – Re-Blogged From Gold Eagle

This article describes how China can escape the fate of a dollar collapse by tying the yuan to gold. There is little doubt she has access to sufficient gold. Currently, her interest is to preserve the dollar, not destroy it, because it is the principal means of Chinese foreign interests being secured .

Furthermore, a return to sound money requires China to reverse its interventionism under Xi, returning to Deng Xiaoping’s original vision. Sound money can only last if the relationship between the state and the wider economy is properly addressed.

Of all the major economies, China’s is best placed to implement a sound money solution. At the moment it seems unlikely the necessary reforms will be forthcoming; but a general collapse of the global fiat currency regime presents the opportunity for reassessment and change.

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2020 Economic Predictions: This Series of Unfortunate Events Guarantees the Epocalypse

Look at the plethora of problems in my list of 2020 economic predictions, which are so severe and so likely to get even worse that it’s more difficult to imagine they won’t get worse than to believe they will. Some are so bad that just a few of them would plunge us into an abyss of social and financial catastrophes.

Here are my economic predictions for the remainder of 2020

This list of economic predictions is not hard to come up with. It is, however, the fact that it is so easy to predict these things this year that makes this year’s list so important.

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Gold, Copper And Silver Are Must-Own Metals

Gold surged on Monday after a spike in coronavirus cases worldwide dashed hopes of a quick economic recovery. Within 24-hours the number of infections globally rose 183,020, a new record, the World Health Organization reported, Reuters said the US saw a 25% increase in new COVID-19 cases over the week ending June 21st.

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A Can Too Big For The Fed And ECB

There are lies, damned lies, and economists. Whether these economists work for the government or a bank, they spend all their time on the computer extrapolating current trends with minor adjustments.

If you want to understand the future, don’t spend your life preparing and constantly revising an Excel sheet with masses of economic data. Collective human behaviour is extremely predictable. But not by spreadsheet analysis but by studying history.

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The Crisis Goes Up A Gear

By Alasdair Macleod – Re-Blogged From Gold Eagle

Dollar-denominated financial markets appeared to suffer a dramatic change on or about the 23 March. This article examines the possibility that it marks the beginning of the end for the Fed’s dollar.

At this stage of an evolving economic and financial crisis, such thoughts are necessarily speculative. But an imminent banking crisis is now a near certainty, with most global systemically important banks in a weaker position than at the time of the Lehman crisis. US markets appear oblivious to this risk, though the ratings of G-SIBs in other jurisdictions do reflect specific banking risks rather than a systemic one at this stage.

A banking collapse will be a game-changer for financial markets, and we should then worry that the Fed has bound the dollar’s future to their fortunes.

The dollar could fail completely by the end of this year. Against that possibility a reset might be implemented, perhaps by reintroducing the greenback, which is not the same as the Fed’s dollar. Any reset is likely to fail unless the US Government desists from inflationary financing, which requires a radically changed mindset, even harder to imagine in a presidential election year.

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Remaking Post-Covid-19 Capitalism in the West: Lessons for the East

By Tilak Doshi – Re-Blogged From WUWT

As the world emerges painfully from  the lockdown cure that is likely to be far worse than the disease of Covid-19, we are now being sold yet another bill of goods. We are told from almost every quarter that the economic recovery from the pandemic-panic induced lockdowns has to be “green”. Political leaders and mass media editors hitched to the climate change bandwagon cite the well-known if cynical slogan “never let a crisis go to waste” – commonly attributed to former President Obama’s Chief of Staff Rahm Emmanuel.  Politicians and “thought leaders” ceaselessly claim that massive sums of money need to be spent on economic stimulus plans to recover from the self-induced economic coma and that the spending has to  be “sustainable” (aka “green”). Not only will this save us from the “crisis of capitalism” but it is deemed vital for the future of human civilization itself.

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Weekly Climate and Energy News Roundup #411

By Ken Haapala, President, Science and Environmental Policy Project

Re-Blogged From WUWT

Quote of the Week: “It is in the admission of ignorance and the admission of uncertainty that there is a hope for the continuous motion of human beings in some direction that doesn’t get confined, permanently blocked, as it has so many times before in various periods in the history of man.” – Richard Feynman, The Meaning of It All: Thoughts of a Citizen-Scientist

Number of the Week: 10% loss

An Inverse? Traditionally in Washington, Fridays are a slow news day and during June reporters, and others, would be leaving early for the beach or for other activities. During the Obama Administration, regulatory agencies often would announce expanded regulations on Fridays giving time over the weekend to assess the response.

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Silver Miners’ Q1’20 Fundamentals

By Adam Hamilton – Re-Blogged From Silver Phoenix

The silver miners’ stocks have surged higher since mid-March’s COVID-19 stock panic, clocking in some big and fast gains.  Nevertheless, this long-struggling sector remains vexing.  By mid-May as their latest earnings season was wrapping up, the silver stocks were lagging the gold stocks’ powerful upleg.  And the silver miners’ Q1’20 operational and financial results were disappointing compared to the gold miners’.

Silver and its miners’ stocks have had one heck of a roller-coaster ride in recent months.  With primary silver miners a dying breed, and silver stocks languishing deeply out of favor for years, there are only a couple silver-stock ETFs trading in the US.  The leading one remains the SIL Global X Silver Miners ETF.  And it is still tiny, a rounding error with just $527m in net assets in mid-May.  Silver stocks are left for dead.

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Gold: The Never Normal

By John Ing – Re-Blogged From Gold Eagle

During the Great Depression, stocks lost 90 percent of their value, people lost savings and jobs. Today there are a record 33 million jobless Americans, double the 15 million jobless in the Thirties or 25 percent of the population then. And today, there are long food lines that rival those of the Great Depression. Yet looking at the stock market and its robust snapback rally, the juxtaposition between the comeback and an economy in freefall is contradictory. Of interest is that at the onset of the Great Depression, stocks actually rallied 50 percent, before losing 90 percent of their value three years later. And, looking for clues about the future from the bond market is futile given the Fed’s dominant presence. While there are similarities, they are differences.

Yet few are putting forward the consequences of the inexorable rise in debt to save the world and fewer are looking at a “never normal” future.

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China Tensions Rise

  • President muses about severing trade ties with China
  • Trump says U.S. is looking at Chinese companies on exchanges
Xi Jinping, China's president, left, gestures while standing next to U.S. President Donald Trump during a welcome ceremony outside the Great Hall of the People in Beijing on Nov. 9, 2017. 
Xi Jinping, China’s president, left, gestures while standing next to U.S. President Donald Trump during a welcome ceremony outside the Great Hall of the People in Beijing on Nov. 9, 2017.Photographer: Qilai Shen/Bloomberg

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Will COVID-19 Reset the Global Monetary Order?

By Andrew Moran – Re-Blogged From Liberty Nation

In response to the Great Recession a decade ago, the international community fired off the big guns to stave off the inevitable decay of the global economy that had been manipulated and distorted through the Keynesian doctrine. Despite the massive fiscal and monetary stimulus at the time, many countries failed to recover from the financial crisis – and those that survived the market meltdown are still paying for the spending and bailouts. After pulling the trigger on the Coronavirus-targeted bazookas, the world’s pockets are empty, potentially creating a scenario for a reset in the global monetary order. On the other side of the lockdown, who will stand tall and reign supreme? If history is any indicator, it will either be the country with a lifetime supply of printing press ink or the one with a vault full of gold.

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China says it ‘expelled’ U.S. Navy vessel from South China Sea

By Adela Suliman – Re-Blogged From NBC News

China’s military said it “expelled” a U.S. navy vessel from the hotly contested waters of the South China Sea this week. It said the “USS Barry” had illegally entered China’s Xisha territorial waters on Tuesday.

U.S. officials disputed the account.

A spokesman for the Department of Defense disputed Beijing’s account, saying “at no point were U.S. warships ‘expelled.'”
Image: The Arleigh-Burke class guided-missile destroyer USS Barry (DDG 52) conducting underway operations

The Arleigh-Burke class guided-missile destroyer USS Barry (DDG 52) conducting underway operations on Tuesday in the South China Sea.US Navy/Samuel Hardgrove / AFP – Getty Images

Fauci Gave Millions in US Tax-Dollars to Back Risky COVID Research at Wuhan Lab

‘Information gained through biomedical research … provides a critical foundation for generating appropriate countermeasures…’

Dr. Fauci Pushes Back on Democrats' Accusations Against Trump: 'He Has Always Listened to What I've Said'

Anthony Fauci / IMAGE: Face the Nation via Youtube

(Ben Sellers, Liberty Headlines) Dr. Anthony Fauci has been a crucial adviser for President Donald Trump during the coronavirus pandemic, but some evidence suggests he may be more a part of the cover-up than the solution.

Already, Fauci has come under criticism for his veiled partisan commentary, presumptuous second-guessing of the president and his role in delaying the pace of progress as Trump calls for streamlined solutions to circumvent the swamp’s normally sluggish scientific apparati.

Reports now suggest that, during the Obama administration, Fauci’s organization, the National Institute of Allergy and Infectious Diseases funneled $7.4 million to the Wuhan Institute of Virology, according to the New York Post.

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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.

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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.

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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.

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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.

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Global Shutdown And Gold

Arkadiusz Sieroń – Re-Blogged From Gold Eagle

Have you read Ayn Rand’s novel Atlas Shrugged? The main theme of the book is that – overwhelmed by growing statism – entrepreneurs at one point say finally “basta!” and announce a strike. They disappear, leaving their businesses to their fate. The symbolic Atlas who carries the world, shrugs. As a result, the economy collapses, plunging the world into chaos.

This what we are observing right now. The workers do not go to work. Shopping malls are closed. Restaurateurs shut down their premises. Theatres, cinemas, gyms, swimming pools – they all are out of service. Other companies reduce their activities or even go dormant. The global economy freezes. The only difference from the Rand’s novel that it is not because of the strike but because of a self-defense effort. People want to protect themselves and others against a contagious pathogen. But the result is the same. The collapse of the economy.

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U.S. Companies Fleeing China En Masse

American manufacturing companies are leaving China en masse, according to a new report by a global manufacturing consulting firm, and the coronavirus pandemic could be speeding up that process.

President Donald Trump’s trade war with China produced incentives for companies to return to the U.S., according to an annual reshoring report that was released Tuesday by global consulting firm Kearney.

But China’s mishandling of the coronavirus and its attempts to repress information about the virus’s spread may have accelerated that trend.

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Weekly Climate and Energy News Roundup #405

The Week That Was: April 4, 2020, Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Quote of the Week: “If I set forth a concrete proposal in all its particulars, I expose myself to a hundred criticisms on points not essential to the principle of the plan. If I go further in the use of figures for illustration, I am involved more and more in guesswork; and I run the risk of getting the reader bogged in details which may be inaccurate and could certainly be amended without injury to the main fabric.

“Yet if I restrict myself to generalities, I don’t give the reader enough to bite on; and am in fact shirking the issue, since the size, the order of magnitude, of the factors involved isn’t an irrelevant detail.”. – John Maynard Keynes [H/t Kenneth Button in WSJ]

Number of the Week: 20% Loss

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Germany’s Coronavirus Response Shows Bureaucrats Like Fauci Are the Problem

‘Unburdened by a restrictive central regulatory body … private companies moved quickly to mass produce those tests, meaning they could be rolled out rapidly to the population…’

Dr. Fauci Pushes Back on Democrats' Accusations Against Trump: 'He Has Always Listened to What I've Said'

Anthony Fauci / IMAGE: Face the Nation via Youtube

The great hero to emerge from the coronavirus crisis appears to be Dr. Anthony Fauci, the National Institutes for Health’s disease expert who has stood by the side of President Donald Trump and occasionally butted heads with him.

The Left, in particular, has made Fauci a focal point of its coronavirus rhetoric—claiming, when it is convenient to do so, that Trump should step aside and allow ‘experts’ to handle the situation, while generously heaping any blame on the president for a perceived lack of progress.

Trump, going against all instincts, has largely followed the advice of Fauci in areas such as the White House social-distancing guidelines, recently extended through April.

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EU Green Leader Explains Climate Change and Democracy

By Eric Worrall – Re-Blogged From WUWT

According to Valentin Dupouey, head of communications for the European Greens, a pan-European federation of green parties, a major overhaul of Democracy is required to force acceptance of the economic de-growth required to address the climate crisis.

He also thinks its important to explain to China that because of climate change, “a Chinese average citizenwill never be able to reach the material lifestyle of a French minimum-wage worker.

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The Italian Connection

By Willis Eschenbach [Note updates at the end] – Re-Blogged From WUWT

Since the earliest days of the current pandemic, Italy has been the scary member of the family that you absolutely don’t want to emulate, the one cousin that gets into really bad trouble. The Italians have the highest rate of deaths from the COVID-19 coronavirus, and their numbers continue to climb. Here’s the situation today.

Figure 1. Deaths from the COVID-19 coronavirus expressed as deaths per ten million of the country population. Percentages of the total population are shown at the right in blue. All countries are aligned at the date of their first reported death. Most recent daily chart and charts of previous days are available by going here and scrolling down.

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New Research: Listeners Synchronize Brain Activity With Musicians

Brain Waves

According to new research by Chinese neuroscientists, something extraordinary happens during a musical performance: the brain activity of listeners appears to sync up with the brain activity of the musician playing music for them. Yes, anyone who’s ever seen an awesome concert now has confirmation: Musicians and crowds really are connecting, at a neurological level.

“These findings suggest that neural synchronization between the audience and the performer might serve as an underlying mechanism for the positive reception of musical performance,” reads a paper about the research. “This study expands our understanding of music appreciation.”

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How Exactly do they Plan to Replace Fossil Fuels?

By Paul Driessen – Re-Blogged From WUWT

They want to ban coal, oil and gas. Exactly how will they replace them? Who wins? Who loses?

Berkeley, CA, Takoma Park, MD and other cities; California, Connecticut, New York, Virginia and other states; Germany, England and other countries; the European Union – all plan to banish oil, natural gas and coal within 10, 20 or 30 years. A number of US states have joined Regional Greenhouse Gas Initiatives and proudly say We Are Still Inthe Paris climate treaty, no matter what President Trump says or does.

Forget the headlines and models, and look at hurricane, tornado, sea level and other historic records. There is no crisis, no unprecedented warming or weather events, certainly nothing that proves humans have replaced the powerful natural forces that have always driven climate changes and weather events.

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China Says This Drug Is “Clearly Effective” Against Coronavirus

By Victor Tangermann – Re-Blogged From Futurism

According to a new study, it can turn coronavirus tests negative in just four days.

According to Japanese media, Chinese medical authorities have found that an antiviral drug called “favipiravir” has shown promise in treating COVID-19 patients, The Guardian reports.

“It has a high degree of safety and is clearly effective in treatment,” Zhang Xinmin, an official at China’s science and technology ministry, told reporters on Tuesday.

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Study Suggests Covid-19 Outbreak in Wuhan Has Been Controlled

Re-Blogged From WUWT

This new science paper suggests  “Considerable countermeasures have effectively controlled the Covid-19 outbreak in Wuhan”. That suggests that similar countermeasures being enacted worldwide might have an effective result.

This paper has not yet been peer-reviewed, but given the speed (or sluggishness) of that process, the authors thought they should do a pre-print first. Sometimes the web can be the harshest peer-review. – Anthony


Evolving Epidemiology and Impact of Non-pharmaceutical Interventions on the Outbreak of Coronavirus Disease 2019 in Wuhan, China

medRxiv preprint doi: https://doi.org/10.1101/2020.03.03.20030593. The copyright holder for this preprint (which was not peer-reviewed) is the author/funder, who has granted medRxiv a license to display the preprint in perpetuity.

It is made available under a CC-BY-NC-ND 4.0 International license .

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China and India Rejecting Renewables for Coal-Fired Futures

clip_image001[4]   By Ronald Stein – Re-Blogged From WUWT

Founder and Ambassador for Energy & Infrastructure of PTS Advance, headquartered in Irvine, California

China and India are NOT buying into the global alarm movement. Never in human history have we seen two countries (China and India), each with over a billion people, in need of such gargantuan amounts of energy to keep their economies accelerating and their citizens alive.

China and India are the two most populous countries in the world. As of 2018, China had almost 1.4 billion people, a figure that is projected to grow to 1.5 billion by 2045. India accounted for approximately 1.3 billion people in 2018 and is expected to grow to almost 1.7 billion by 2045.

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The Great Melt-Up Melt Down

By David Haggith – Re-Blogged From Silver Phoenix

That didn’t take long. Just a month ago, I wrote, “Stock Market More Overpriced And Perilous Than Anytime In History  ,” stating that the market was poised for a big fall because “some of the market’s most fundamental valuation metrics are now printing at levels never seen before…. This market is tripping on some pricy hallucinogens.”

.And here we are! A single black swan has knocked the legs out from under the bull. It’s not a full-blown correction yet (requiring indices fall by, at least, 10%) or a crash (20% or more), though it looks like it could hit that mark by the end of today. That would be a full correction in just four days.

The market has fallen off such a steep cliff to where MarketWatch reported that Monday and Tuesday teamed up to be the largest two-day point drop in Dow history! (Some other sites have said it is the largest since the big drop I predicted for the start of 2018 when the market experienced its largest one-day point drop in history.)

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Is Recycling working?

By Andy May – Re-Blogged From WUWT

The recycling movement started in the 1970s and it has been very popular in Western countries. Participation varies with location, but in our small community of The Woodlands, Texas, over 90% participate in our curbside recycling program. However, the value of recycled materials has fallen dramatically in recent years because far too much unrecyclable material is put in the bins by the public and much of what is recyclable is contaminated with water, food, or other contaminates that make the “good” stuff unusable. Waste disposal companies often charge “contamination fees.” In addition to the contamination problem, the value of recyclables is going down and cost to process them into a usable form is going up. Processing, that is cleaning and sorting a load of recyclable material, has gone from earning a community $25/ton to costing the community $70/ton or more in many areas. In 2015 recycling was a revenue generator for Houston and other cities in the area. Bellaire, for example, generated $12,000 in 2015 from curbside recycling, but in 2017, they lost over $80,000 for the same program.

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John Rubino Interview

By John Rubino of Dollar Collapse interviewed by Mike Manwell of Silver Doctors

All ASSET BUBBLES MUST BURST… Today’s guest, John Rubino, shares his thoughts on why this current bubble economy has lasted so long. During our chat he elaborates on how Central Banks and Governments are trapped into experimenting with more ways to keep the economy afloat. Unfortunately, the music has to stop at some point and the only people that will be left standing will be holders of sound money.

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U.S. Health Officials Urge Americans to Prepare for Spread of Coronavirus

The U.S. Centers for Disease Control and Prevention (CDC) on Tuesday alerted Americans to begin preparing for the spread of coronavirus in the United States after infections surfaced in several more countries.

The announcement signaled a change in tone for the Atlanta-based U.S. health agency, which had largely been focused on efforts to stop the virus from entering the country and quarantining individuals traveling from China.

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Baltic Dry, Copper, Oil, Tech And China Continue To Call For Market Crash Soon…

By Clive Maund – Re-Blogged From Gold Eagle

In this update we are going to review a small but important range of commodities / lead indicators which strongly suggest that the seemingly endless bullmarket in US equities is living on borrowed time and will end sooner rather than later, and given how long it has lasted and how extremely overvalued it has become, the downturn will likely start with a crash phase.

Regardless of what the eventual impact of the Coronavirus epidemic is, US stockmarkets in particular seem to be in a state of denial about the actual real-world consequences of the Chinese shutdown and impact on the global supply chain and corporate profitability everywhere, and some elements even seem to be gloating about China’s misfortune and predicament, completely oblivious to the fact that this is going to have a negative impact on almost everyone.

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COVID-19 (Coronavirus) Economic Impact Sweeps Down on Global Economy Like a Fat Black Swan

It is the senseless things of this world that sometimes knock sense into the high and mighty whose hubris causes them to believe they cannot fall. In this case, the tiny COVID-19 virus (coronavirus) is bringing down a global house of cards long perched to fall — locks, stocks, and barrels of oil.

Stock investors thought the over-Fed market’s bull run would prove immortal, but all the overripe market needed was for a fat, black swan to drop down on the market’s head and knock some sense into it. Economic damage worldwide, however, is far from limited to stocks. Some of it seems almost silly or bizarre, but such is the case when the entire global economy is already in ill health, having survived on Fedmed for a decade.

The Great Dichotomy

By Michael Ballanger – Re-Blogged From Gold Eagle

One of the advantages of being a sexagenarian is that after forty years investing in stocks, bonds, commodities, and currencies you have a pretty good idea when something is not exactly “right.” If you have lived a good, normal life and you still have decent control of over your mental faculties and bodily functions, you remember moments in time that impacted your sensibilities, not unlike your first crush on a girl, or that final exam, or an authoritarian coach’s dressing-down.

However, given my chosen profession, nothing gets more indelibly etched into one’s psyche than a big price “move” in something one owns. Be it a loss or a win, one can recall all the inputs that created that “move” and, sometimes elatedly and sometimes sadly, one can recall all of the ramifications and repercussion from the “move.” You will, later in life, regale in the joy (or sorrow) of recounting the story of the “move” until people roll their eyes in angst upon being subjected to their ninth or tenth serving.

Chinese Military Stole Millions of Americans’ Credit Data, AG Barr Charges

By Associated Press – Re-Blogged From Headline Wealth

Four members of the Chinese military have been charged with breaking into the networks of the Equifax credit reporting agency and stealing the personal information of tens of millions of Americans, the Justice Department said Monday, blaming Beijing for one of the largest hacks in history to target consumer data.

The 2017 breach affected more than 145 million people, with the hackers successfully stealing names, addresses, Social Security and driver’s license numbers and other personal information stored in the company’s databases.

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Independence And Its Consequences

Britain left the EU on the last day of January and is an independent nation once more. The new Johnson government is confident that Britain will do well outside the EU. Free trade will be embraced, and a no-deal outcome, now dubbed an Australian trade relationship, holds no fears for the British government.

This article summarises the political and economic consequences of this historic moment. The fly in the ointment is there is no sign that Britain’s government understands the importance of sound money, which will be crucial in the event a global economic and financial credit crisis materialises.

Independence and trade negotiations

Having given independence to all its colonies, now it’s Britain’s turn. On 1 February the UK became politically independent and entered an eleven-month transition period while trade terms with the EU and other trading nations are negotiated, with the objective of entering 2021 with freedom to trade without tariffs with as many nations as possible. If Britain succeeds in its initial objectives these trade agreements will include not only the EU but also America, Japan, South Korea, Canada, Australia, New Zealand, the other trans-Pacific Partnership nations and a host of sub-Saharan African nations in the Commonwealth. It amounts to about two-thirds of the world measured by nominal GDP, of which only 21% is with the EU.

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Coronavirus And Credit…A Perfect Storm

This article posits that the spread of the coronavirus coincides with the downturn in the global credit cycle, with potentially catastrophic results. At the time of writing, analysts are still trying to get to grips with the virus’s economic impact and they commonly express the hope that after a month or two everything will return to normal. This seems too optimistic.

The credit crisis was already likely to be severe, given the combination of the end of a prolonged expansionary phase of the credit cycle and trade protectionism. These were the conditions that led to the Wall Street crash of 1929-32. Given similar credit cycle and trade dynamics today, the question to be resolved is how an overvaluation of bonds and equities coupled with escalating monetary inflation will play out.

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Harvard Professor’s Arrest For Lying About China Ties Is Part Of Ongoing Crackdown On Chinese Government Influence At American Campuses

By Marlo Safi – Re-Blogged From The Daily Caller

As tensions between the U.S. and China grow due to the Coronavirus outbreak that has infected people in 25 countries including the U.S., Chinese Communist Party (CCP) influence on American college campuses has also continued to loom, highlighting a trend at America’s most elite institutions.

Most recently, Charles Lieber, the chair of the Department of Chemistry and Chemical Biology at Harvard, was charged with aiding the Chinese government and hiding his ties about accepting millions in funding. His involvement with the Chinese government included recruiting skilled individuals to the Thousand Talent Program, which in some cases has resulted in violations of U.S. law, such as espionage, theft of trade secrets, and grant fraud.

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Possible Corona Virus Breakthrough

Thai doctors are cautiously optimistic about early positive results treating a patient infected with the deadly Chinese Corona virus, by using a mixture of a HIV drugs and anti-flu medications. The Thais attempted the treatment after reviewing previous attempts to treat other strains of Corona virus using the same combination of drugs.
MERS Corona Virus, part of the same family as the Chinese Corona Virus. By Maureen Metcalfe/Cynthia Goldsmith/Azaibi Tamin – https://www.cdc.gov/coronavirus/mers/photos.html, Public Domain, Link

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Weekly Energy and Climate News Roundup

The Week That Was: February 8, 2020, Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Quote of the Week: Judges ought to be more leaned than witty, more reverent than plausible, and more advised than confident. Above all things, integrity is their portion and proper virtue.” – Francis Bacon

Number of the Week: Exceeds in Six of Seven Categories.

Expanding the Orthodoxy: Writing a post on Project Syndicate, Johan Rockström, Lars Heikensten, and Marcia McNutt announced:

“…the Nobel Foundation is hosting its first-ever Nobel Prize Summit, with the theme ‘Our Planet, Our Future,’ in Washington, DC, from April 29 to May 1. The summit – supported by the US National Academy of Sciences, the Potsdam Institute for Climate Impact Research, and the Stockholm Resilience Centre/Beijer Institute – will bring together more than 20 Nobel laureates and other experts from around the world to explore the question: What can be achieved in this decade to put the world on a path to a more sustainable, more prosperous future for all of humanity?”

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3 Upside And 1 Downside Risk For Gold

By Arkadiusz Sieroń – Re-Blogged From Gold Eagle

Our base scenario for 2020 is that it might be a worse year for gold than 2019 was. However, there are three major upside (and one downside) risks for the gold market, which could materialize in 2020. Today’s article will introduce you to these potential catalysts that could send gold prices higher (or significantly lower) in 2020.

We stated earlier that unless something bad happens, 2020 may be worse for the yellow metal than 2019, as gold fundamentals seem to have deteriorated since the last year. Of course, bad things are happening all the time, but do not result in any possible negative developments. Rather, we have in mind three downside risks to our macroeconomic outlook, or three upside risks for gold. What are they?

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Fireside Chat With Dennis Prager #118

More than a third of millennials now approve of communism. Dennis Prager discusses why this disturbing fact is a result of the poor education system. Students today are not taught to understand the evils of communism and why it is a dangerous ideology.

Please watch the VIDEO.

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Mysterious, Deadly Chinese Virus Officially Reaches the US

By Dan Robitzski – Re-Blogged From Futurism
This is bad. Officials just confirmed the first case in North America.

The deadly coronavirus that’s infected hundreds, and killed at least six in China, has officially made its way to the continental United States.

Authorities have now confirmed a case of 2019-nCoV, a mysterious virus that causes flu-like symptoms, in Washington State, according to The New York Times. While there are already cases in Japan, Thailand, and South Korea, the fact that the virus has now crossed into North America is bad news for the global effort to prevent a pandemic.

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Trade Deal No Panacea for Rocky U.S. Relations With China

By Reuters – Re-Blogged From IJR

From Huawei to the South China Sea, deep political rifts between Beijing and Washington are set to persist, despite a trade relations breakthrough, as the United States pushes back against an increasingly powerful and assertive China.

Relations between the world’s two largest economies have deteriorated sharply since U.S. President Donald Trump imposed punitive trade tariffs in 2018, igniting a trade war.

“The broader, darkening picture is not going to be brightened much by this deal,” Bates Gill, an expert on Chinese security policy at Macquarie University in Sydney, said of the initial trade deal signed on Wednesday.

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Tariffs Are Having A Bigger Effect On US Manufacturing Than Initially Thought

By Frank Holmes – Re-Blogged From Gold Eagle

The U.S. manufacturing sector contracted for the fifth straight month in December, with the monthly reading from the Institute for Supply Management (ISM) hitting its weakest point in more than 10 years. The purchasing manager’s index (PMI) fell to 47.2, a level we haven’t seen since June 2009, as global trade tensions continued to take a toll on the country’s manufacturers.

The news comes as two new papers indicate that U.S. tariffs on imported goods, particularly those originating in China, have had more of an impact on manufacturing and industrial output than initially believed.

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Is the Monetary Reset at Hand

By Chris Powell, Money Metals News Service – Re-Blogged From Headline Wealth

For most of this decade owning gold and gold-related investments has required the patience of Job, and the sector is so obscure that it is hard to be sure of anything.

But for months now the unusual developments have been piling up so much that it may be possible to regain some optimism.

There are indications of a shortage of metal not just at the New York Commodities Exchange, where for months now most contracts have been settled through a supposedly “emergency” procedure called “exchange for physicals,” but also in London, the hub of the world gold market, where the usual flow of metal to Switzerland recently reversed, with metal flowing back to London amid increasing demand.

This corresponded with announcements of gold acquisitions by central banks that had not shown any interest in gold.

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Weekly Climate and Energy News Roundup #391

The Week That Was: December 21, 2019, Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Quote of the Week: “Collective fear stimulates herd instinct, and tends to produce ferocity toward those who are not regarded as members of the herd.” ― Bertrand Russell, Unpopular Essays

Number of the Week: 1/1,000,000,000,000 (One part per Trillion)

The Greenhouse Effect – With Clouds: The CO2 Coalition has published a paper by Richard Lindzen addressing climate sensitivity trying to explain why US climate models do so poorly when tested against observations from nature. Until climate models can describe what is occurring in the atmosphere today, there is no reason to accept projections / predictions from such models about the future. Lindzen’s approach to the problem is different from those by Wijngaarden & Happer, and Roy Spencer discussed in the previous two TWTWs.

Among other things, Lindzen includes the influence of high-level cirrus clouds, which form above the tropopause, where water vapor freezes out. As Lindzen states:

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