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[Markets] Dow futures down nearly 300 points Dow futures down nearly 300 points Published:10/30/2020 8:09:47 AM
[Entertainment] Sophie Turner Proves She's the Jonas Brothers' Biggest Fan With Sweet Christmas Song Review Nick Jonas, Joe Jonas, Kevin Jonas, Jonas Brothers, 2020 Grammys, Grammy Awards, PerformanceChristmas is coming early this year and Sophie Turner is here for it! On Halloween Eve, the Jonas Brothers released their new Christmas song "I Need You Christmas" and the Game of...
Published:10/30/2020 8:09:47 AM
[Free Speech] [Eugene Volokh] Judge Rejects Most Sealing Requests in Peloton Case From Judge Valerie Caproni (S.D.N.Y.) in Wednesday's Simpson v. Peloton Interactive, Inc.: Petitioner Simpson {"with agreement by Respondent Peloton Interactive, Inc."} filed a motion to seal nine words from its Petition to Confirm Arbitration and to file the American Arbitration Association ("AAA") Opinion and Interim Award and the AAA Opinion and Final Award completely under… Published:10/30/2020 8:09:47 AM
[Middle Column] ‘The Green New Deal has at its core an impossibility in physics’ – USA to swap energy independence for dependence on China & Russia

MARK P. MILLS: "The staggering quantity of stuff that needs to be mined in order to build all the green machines...the invisible elephant in the room with a Green New Deal, whether implemented by federal or state governments, is the staggering quantity of stuff that needs to be mined in order to build all the green machines, and where that mining and processing happens...The monetary, environmental and geopolitical costs of energy technologies all derive from nature’s constraints.

And the physics of all energy sources, whether wind and sun or oil and gas, share the same core features. All exist in nature, for free. But that’s irrelevant. One has to pay landowners (private or governmental) to access locations where useful resources are located. Then one purchases machines, built from materials extracted from the earth, in order to convert any resource into a form that can be delivered to people. Since all machines wear out, there is nothing truly “renewable” about any of them."

"The one million electric vehicles (EVs) now on U.S. roads (courtesy of billions of dollars in subsidies) account for just 0.5% of America’s cars but contain, for example, more cobalt than one billion smartphones. In general, fabricating a single EV battery, each of which weighs about 1,000 pounds, requires digging up roughly 500,000 pounds of materials. That’s more than a 10-fold increase in the cumulative quantity of materials (liquids) used by a standard car over its entire operating life...

The world is literally about to embark on the biggest increase in mineral and metal mining in history."

"But America has long been a hostile place to try and open new mines. Consequently, the U.S. is 100% dependent on imports for some 17 key minerals and imports over half its needs for another 28...The net effect of a Green New Deal distills to replacing domestic energy production (and exports) of hydrocarbons with an unprecedented level of energy mineral imports." 

"China, for example, supplies about 90% of rare-earths for the world. On the cobalt front, China has also quietly gained control over more than 90% of the battery industry’s cobalt refining, without which the raw ore is useless. Russia is a massive nickel producer...You don’t have to ban fracking to kill the industry; mandating the use of the alternatives has the same effect...If all that weren’t enough, there’s also the roughly 20 to 100-fold increase in land use that comes with using green machines to replace hydrocarbons. And, of course, there’s the mother’s milk of a Green New Deal, the trillions of dollars in subsidies, necessarily funded by increased costs and taxes for all consumers."

Published:10/30/2020 8:09:47 AM
[Politics] Trump Jr.: 'We've Gotten Control' of Coronavirus Donald Trump Jr. downplayed the surge in new coronavirus cases, saying the number is "almost nothing." His comments came Thursday during an interview on the Fox News show, "The Ingraham Angle." He called those... Published:10/30/2020 8:09:47 AM
[Europe] UK watchdog reduces Marriott data breach fine to $23.8M, down from $123M The UK’s ICO has reduced the size of a data breach penalty for hotel business Marriott — dropping it to £14.4 million (~$23.8M) in a final penalty notice down from the £99M ($123M) figure that the watchdog initially said it would levy in July 2019. The fine relates to a data breach suffered by the […] Published:10/30/2020 8:09:47 AM
[a02b4aac-0c04-57cf-910c-5fa2e26c9e9d] Pro-Trump actress Kirstie Alley slams CNN's COVID coverage: ‘Fear of dying is their mantra’ Pro-Trump actress Kirstie Alley bashed CNN on Friday morning after tuning into the liberal network to “get their viewpoint” about the ongoing coronavirus pandemic and seeing constant fearmongering.  Published:10/30/2020 8:09:47 AM
[IJR] Don Lemon Says He ‘Had To Really Get Rid of’ a Lot of Friends for Being ‘Non-Sensical’ About Trump "They'll say something really stupid and I'll show them the science and I'll give them the information." Published:10/30/2020 8:09:47 AM
[Entertainment] If you’re thinking of a drastic lifestyle change, ‘Off Grid Life’ will feed your fantasy (or kill it) Foster Huntington’s follow-up to “Van Life” is a both a celebration and a cautionary tale. Published:10/30/2020 8:09:47 AM
[Uncategorized] DOJ Official Confirms FBI Opened Criminal Investigation Into Hunter Biden in 2019 and it’s Still Active

Why didn't we know about this during impeachment? Also, the FBI interviewed Tony Bobulinski for five hours last Friday and listed him as a material witness.

The post DOJ Official Confirms FBI Opened Criminal Investigation Into Hunter Biden in 2019 and it's Still Active first appeared on Le·gal In·sur·rec·tion.

Published:10/30/2020 8:09:47 AM
[Markets] Mailchimp Will Now Deactivate Accounts Sending 'False, Inaccurate, Or Misleading' Emails Mailchimp Will Now Deactivate Accounts Sending 'False, Inaccurate, Or Misleading' Emails Tyler Durden Fri, 10/30/2020 - 09:05
Illustration via Reclaim The Net

Mass mailing service Mailchimp, a US based marketing automation service, has updated its Terms of Use regarding types of content that are prohibited for distribution on the platform. In particular, the service now "does not allow the distribution of content that is, in our sole discretion, materially false, inaccurate, or misleading, in a way that could deceive or confuse others about important events, topics, or circumstances."

The policy change comes amid reports of Mailchimp summarily deactivating the accounts of independent news outlets SGTreport and Press for Truth, according to Reclaim The Net.

Press for Truth's Dan Dicks says he no longer has access to thousands of emails subscribers he's accumulated for years, as he can't access his account.

"I feel like that’s my data," said Dicks. "I was using it as a hedge against the coming censorship and they just pulled the plug on me there."

According to SGTreport, their email was "locked up" as a result of the termination.

Published:10/30/2020 8:09:47 AM
[] Will anti-lockdown sentiments spur the next populist revolt? Published:10/30/2020 7:37:27 AM
[Markets] Streetwise podcast: Is Nasdaq Inc. a better investment than the Nasdaq-100? Streetwise podcast: Is Nasdaq Inc. a better investment than the Nasdaq-100? Published:10/30/2020 7:37:27 AM
[Markets] Outside the Box: Smaller companies aren’t necessarily being hurt more than larger ones because of the pandemic
Published:10/30/2020 7:37:27 AM
[Entertainment] RHOP's Gizelle Bryant on Race, Voting and Why the 2020 Election Is "the Most Important" Ever Gizelle BryantGizelle Bryant is spreading positive vibes ahead of Election Day. "I feel good. I feel better every day," The Real Housewives of Potomac star told E! News during an exclusive...
Published:10/30/2020 7:37:27 AM
[Politics] Slavery, Uber and voters' power are on the ballot in states' voter initiatives

Election 2020: Slavery is on the ballot in Utah and Nebraska, and a gig-economy showdown in California is among the key ballot initiatives voters will decide on Nov. 3.

Published:10/30/2020 7:37:27 AM
[e6bd63eb-867d-529b-8a1a-2b4498200323] Sadie Robertson calls COVID-19 a 'really dark sickness,' details 'terrible' symptoms and hospitalization Sadie Robertson spoke about the physical and emotional toll of coronavirus. Published:10/30/2020 7:37:27 AM
[Politics] Stephen Miller Planning Trump's Second-Term Immigration Policies If President Donald Trump wins a second term, he could go further in cracking down on illegal immigration and pursuing more selective policies in terms of legal immigration, according to the president's senior adviser Stephen Miller... Published:10/30/2020 7:37:27 AM
[Markets] 7 Key Corruption Questions Joe Biden Must Answer After FBI Bombshell 7 Key Corruption Questions Joe Biden Must Answer After FBI Bombshell Tyler Durden Fri, 10/30/2020 - 08:25

Authored by Tyler O'Neil via PJMedia.com,

On Thursday, a Department of Justice official confirmed that the FBI opened an ongoing criminal money-laundering investigation into Hunter Biden and his associates last year. Tim Murtaugh, communications director for President Donald Trump’s reelection campaign, urged the press to ask Democratic nominee Joe Biden seven important questions involving the corruption scandal.

News of the FBI investigation came days after Tony Bobulinski, a former business partner with Hunter Biden, spilled the beans on Joe Biden’s involvement with his son’s business deals in China, Ukraine, and elsewhere in an hour-long interview with Fox News’ Tucker Carlson. Bobulinski first came forward before the final presidential debate, and a Senate committee has confirmed that his documents are genuine.

Bobulinski came forward after Facebook and Twitter took unprecedented action to suppress a New York Post story about Hunter Biden’s emails, which first revealed Joe Biden’s involvement.

As Murtaugh noted in the call with the press, Bobulinski claimed he had met face-to-face with Joe Biden twice, and he presented evidence that the Biden family made a concerted effort to keep Joe Biden’s involvement off the books and to ensure “plausible deniability.”

The Biden campaign has not disputed the veracity of the emails or Bobulinski’s claims that he met with Joe Biden face-to-face. Instead, they pushed the narrative that the entire scandal is “Russian disinformation” or a distraction from the real issues in the campaign.

Murtaugh noted that only The New York Times saw President Trump’s tax returns before running the story and that many media outlets ran with the story despite not having seen the documents, yet most of the legacy media seems intent on entirely ignoring Bobulinski and the Biden corruption scandal.

Given this background, Murtaugh posted seven questions to Biden:

  1. Were you aware that Hunter and his associates have been under FBI investigation since last year?

  2. Did you meet with Tony Bobulinski?

  3. Have you ever met with any of your son’s business associates?

  4. Are any of these emails not authentic?

  5. Why did Rob Walker say Bobulinski could burn all of us?

  6. Do you, Joe Biden, deny that you were making business decisions about this foreign business venture?

  7. Were you, Joe Biden, in fact, a beneficiary… to receive a 10 percent stake in the deal [with a Chinese energy company]?

“It is not believable that Joe Biden was unaware that his son was under FBI investigation since last year,” Murtaugh argued. “Now that there is confirmation that an FBI investigation is ongoing… and a credible accusation that Joe Biden was involved, there is no legitimate reason to fail to cover this story.”

Indeed, the legacy media’s attempt to bury the story despite increasing confirmation and evidence is utterly damning. In fact, Glenn Greenwald resigned from The Intercept, the online news outlet he co-founded, because his editors aimed to censor his article on the Joe Biden corruption.

Published:10/30/2020 7:37:27 AM
[2020 Presidential Election] The case of the disappeared Biden documents (Scott Johnson) We’ve been following the story of the Biden crime family documents delivered to the team of Tucker Carlson Tonight at FOX News. The documents (on a flash drive) disappeared in transit in transit between New York, where they had been received, and Los Angeles, where Tucker was preparing to interview Tony Bobulinkski. We have followed the story in posts here (10/28) and here (10/29). After Tucker reported the disappearance on Published:10/30/2020 7:37:27 AM
[Healthcare] How to cure doctor shortages without breaking the bank

Earlier this month, the government announced its intention to expand the number of healthcare professionals who could legally administer vaccines – to include midwives, operating department practitioners, physiotherapists, and others. This change, the government argued, would be necessary to administer a mass Covid-19 vaccination programme.   This type of open-minded dynamism will be needed post-pandemic, too. … Continue reading "How to cure doctor shortages without breaking the bank"

The post How to cure doctor shortages without breaking the bank appeared first on Institute of Economic Affairs.

Published:10/30/2020 7:06:51 AM
[ab4a186d-6af9-5c18-80ee-9661cc3b59c7] Jefferson Starship’s David Freiberg, Cathy Richardson share memories of Paul Kantner: ‘He brings us together' Even during an ongoing pandemic, Jefferson Starship is just as passionate about creating new music that pays tribute to founding member Paul Kantner. Published:10/30/2020 7:06:51 AM
[News] Joe Biden Says He Wouldn’t Use Threat of Cutting US Troop Levels in Ties With South Korea "As President, I'll stand with South Korea." Published:10/30/2020 7:06:51 AM
[2020 Presidential Election] Thoughts from the ammo line (Scott Johnson) Ammo Grrrll is not agonizing over the STARK CHOICES before us and is stubbornly optimistic that we will choose wisely. She writes: Two men are running for President of the United States. Donald J. Trump has scored a perfect score on the Montreal Cognitive Assessment test. Joe Biden does not know the name of Chris Wallace, how many grandkids he has, or even what office he is currently seeking. Donald Published:10/30/2020 7:06:51 AM
[Politics] Trump: Biden Will 'Destroy' the Supreme Court President Donald Trump is urging his supporters to stop Joe Biden from destroying the Supreme Court. Trump made his comments in a 2:40 a.m. tweet on Friday. He wrote: "Biden will destroy the United States Supreme Court... Published:10/30/2020 7:06:51 AM
[Entertainment] Four presidents who put Virginia’s stamp on early America Lynne Cheney describes the influence of Washington, Jefferson, Madison and Monroe. Published:10/30/2020 7:06:51 AM
[Quick Takes] Student Activist Groups at U. Michigan Demand Required Courses on ‘Decolonial Pedagogy’

"pertaining to all facets of Academia and student experience impacted by genocide pedagogy"

The post Student Activist Groups at U. Michigan Demand Required Courses on ‘Decolonial Pedagogy’ first appeared on Le·gal In·sur·rec·tion.

Published:10/30/2020 7:06:51 AM
[World] [Michael Ramsey] Originalism and Accidental Outcomes Should we follow the original meaning even when it resolves issues in ways its enactors did not foresee? Published:10/30/2020 7:06:51 AM
[Markets] Futures Rebound From Overnight Tech Wreck Futures Rebound From Overnight Tech Wreck Tyler Durden Fri, 10/30/2020 - 08:06

On Monday we presented readers with the latest observations from BofA quants  who pointed out that Q3 earnings "smacked of the tech bubble" because despite impressive beats, in many cases stocks dropped (or outright tumbled) in kneejerk response as virtually everything has now been priced to (and beyond) perfection with little chance of upside surprise. Nowhere was this more obvious than Thursday afternoon when the world's 4 biggest tech companies all reported blockbuster earnings and yet all but Google sank subsequently with the exception of Alphabet which popped after hours (while Twitter plunged as countless conservatives bailed on the ultra-partisan and liberal social network).

Nasdaq futures fell about 1%, erasing more than half of what was a 2.7% slide earlier after Apple’s iPhone sales and Twitter’s user growth both missed estimates. The two stocks sank in pre-market trading. Amazon.com fell 1.4% after it forecast a jump in costs related to COVID-19, while Facebook shed 2% as it warned of a tougher 2021. Google parent Alphabet was the only bright star among the FAAMGs with its shares jumping 7% after it beat estimates for quarterly sales as businesses resumed advertising. The dollar and Treasuries were steady.

Third-quarter earnings season is past its halfway mark and about 84.8% of S&P 500 companies have beaten estimates for earnings, according to Refinitiv data. Overall, profit is expected to tumble 13.4% from a year ago.

The broad-based weakness in the market-leading giga-tech stocks added to trader concerns about a surge in coronavirus cases, and hammered stock futures on Friday, although futures are now off their worst levels of the day.

S&P e-minis fell 25.00 points or 0.9% and Nasdaq 100 E-minis were down 121 points, or 1.1%. A longer-term chart shows the precarious positioning for the S&P, with any further declines set to take out the Sept 24 lows and open up a trapdoor to much lower levels.

Shares of tech heavyweights had jumped ahead of tech results on Thursday, helping the S&P 500 close higher. Still, the benchmark index is set to wrap up its worst week since mid-June, while Wall Street's fear gauge held at a 20-week high, also on fears of a contested election next week. Ahead of the final weekend before Election Day on Tuesday, President Donald Trump and Democratic challenger Joe Biden will barnstorm across battleground states in the Midwest where the coronavirus pandemic has exploded anew.

"Our short-term risk-appetite indicator is firmly in negative territory,” said Credit Agricole CIB head of global markets research Jean-Francois Paren. "The adjustment of risky asset prices to the weaker epidemic and economic outlook could continue, which is not encouraging for risk asset prices in the coming days, especially given the uncertainty regarding the U.S. elections."

European shares fluctuated amid a string of mixed earnings reports. Europe's Stoxx 600 Index erased declines of as much as 0.9%, climbing 0.3%, led by energy and banks, with E&P giants Total and Shell among biggest gainers; Total posted 3Q profit that exceeded the highest analyst estimate; Barclays raised Shell to equalweight, saying newly presented financial framework addresses main concerns. Tech stocks faltered as did Danish drug giant Novo Nordisk A/S, whose earnings underwhelmed analysts. Bank stocks advanced after Spain’s BBVA SA and the U.K.’s NatWest Group Plc reported improved pictures for soured loans.

Earlier in the session, Asian stocks fell, led by the health care and IT sectors. Trading volume for MSCI Asia Pacific Index members was 28% above the monthly average for this time of the day. The Topix lost 2%, with Takeda and Hoya contributing the most to the move. The Shanghai Composite Index retreated 1.5%, driven by China Life and Yili Industrial.

As Bloomberg notes, weakness in technology shares has added to volatility that’s likely to remain elevated heading into next week’s U.S. election. Global equities are on course for the worst weekly decline since March as lockdown measures in some countries and the lack of an agreement on U.S. stimulus dent sentiment. New U.S. coronavirus cases topped 89,000, setting a daily record.

In FX, the Bloomberg Dollar Spot Index steadied after swinging between gains and losses; the euro steadied but was set for its biggest weekly drop against the dollar since September. Sweden’s krona led gains among Group-of-10 peers, though the Japanese yen remained supported on haven demand. The Australian dollar advanced on month-end flows, with a stronger yuan also spurring appetite for the commodity-linked currency.

In rates, Treasuries were unchanged with long-end supported ahead of month-end. Yields are off richest levels of the day as e-minis recouped some early losses. Treasury yields are within a basis point of Thursday’s close, slightly lower across the curve; 10-year yields around 0.82%, remain toward cheaper end of 0.74% to 0.84% weekly range and outperforming bunds, gilts by almost a basis point each. Treasuries rallied in early Asia session as Apple stock fell over 4% in after-market trading on Thursday; into early U.S. session Nasdaq e-minis remain lower by 1.2%, S&P e-minis are off 0.9%.

In commodities, oil was flat after suffering a recent rout, while spot gold headed for its third consecutive monthly decline. Crude oil was little changed in New York.

On today's calendar AbbVie, Exxon and Charter Communications are among Friday’s scheduled earnings. Personal spending, U. of Michigan sentiment are due.

Market Snapshot

  • S&P 500 futures down 1.4% to 3,257.75
  • STOXX Europe 600 up 0.1% to 342.16
  • MXAP down 1.3% to 172.21
  • MXAPJ down 1.2% to 572.11
  • Nikkei down 1.5% to 22,977.13
  • Topix down 2% to 1,579.33
  • Hang Seng Index down 2% to 24,107.42
  • Shanghai Composite down 1.5% to 3,224.53
  • Sensex down 0.6% to 39,523.90
  • Australia S&P/ASX 200 down 0.6% to 5,927.58
  • Kospi down 2.6% to 2,267.15
  • Brent Futures down 0.03% to $37.64/bbl
  • Gold spot up 0.2% to $1,871.30
  • U.S. Dollar Index down 0.04% to 93.92
  • German 10Y yield rose 1.4 bps to -0.622%
  • Euro down 0.05% to $1.1668
  • Brent Futures down 0.03% to $37.64/bbl
  • Italian 10Y yield fell 7.3 bps to 0.489%
  • Spanish 10Y yield rose 1.7 bps to 0.15%

 

Top Overnight News from Bloomberg

  • Germany and the rest of the euro area’s biggest economies surged in the third quarter, in a rebound that’s now being derailed by an intensifying pandemic and new government restrictions on businesses
  • European Central Bank policy maker Robert Holzmann said it is right to assume that President Christine Lagarde signaled more monetary stimulus is coming, though not until December
  • U.K. house prices posted their biggest annual gain since 2015 this month as a revival in the housing market defied a wider economic malaise
  • Jeremy Corbyn’s suspension from the U.K. Labour Party he led until April threatened to re-open divisions in the party after six months of relative calm under new leader Keir Starmer
  • Treasury Secretary Steven Mnuchin accused House Speaker Nancy Pelosi of pulling a “political stunt” and holding up a new stimulus bill by refusing to offer compromises, in an escalation of acrimonious finger-pointing over stalled virus-relief negotiations
  • U.S. new virus cases topped 89,000, setting a new daily record, as the outbreak intensifies ahead of next week’s presidential election. The U.S. is seeing a jump in cases in New York and New Jersey again, and a record outbreak across the Midwest states
  • France is aiming to limit the drop in economic activity to 15% during the country’s second coronavirus lockdown starting on Friday, Finance Minister Bruno Le Maire said in a government briefing on Thursday
  • German Chancellor Angela Merkel delivered a wake-up call to fellow leaders in the 27-nation European Union, saying they all failed to step in quickly enough to control the pandemic as the cost of a second lockdown begins to come into focus
  • Oil is poised for the biggest monthly decline since March as a resurgent coronavirus across the U.S. and Europe raised concerns the fragile demand recovery will be derailed.

Here's a quick look at global markets courtesy of NewsSquawk

Asian equity markets weakened heading into month-end and after US stock index futures faded the recovery seen on Wall Street amid disappointment from the big tech earnings despite Apple, Alphabet, Amazon, Facebook and Twitter all beating on top and bottom lines. Apple shares declined over 4% in extended trade with investors discouraged by the miss on iPhone sales and lack of guidance, as well as a 29% Y/Y drop in its Chinese revenue which pressured its supply Chain in Asia and Twitter slumped nearly 18% after hours on slower user growth. ASX 200 (-0.6%) and Nikkei 225 (-1.5%) were weaker with industrials and tech frontrunning the declines in Australia although losses in the index were briefly pared by financials as AMP shares surged over 20% following a takeover approach by Ares Management, while the mood in Tokyo was clouded by currency effects and soft inflation data but with Panasonic shares a notable gainer on reports it is working with Tesla to build a new battery cell production line at the Gigafactory. Elsewhere, the Hang Seng (-2.0%) and Shanghai Comp. (-1.5%) remained cautious amid a plethora of large-cap earnings and with participants mulling over the initial details of the 5-year plan which seeks to build the nation into a technological powerhouse and emphasized quality growth over speed but refrained from specifying a targeted pace of growth. Finally, 10yr JGBs were lower and fell below support near 152.00 on spillover selling from T-notes as Wall Street initially nursed losses and following an uninspiring 7yr auction stateside, although the downside for JGBs was cushioned with the BoJ in the market for nearly JPY 1.3tln of JGBs with up to 10yr maturities.

Top Asian News

  • Hong Kong Economy Shows Early Signs of Revival as Exports Jump
  • Singapore Overtakes Thailand to Become Asia’s Worst Stock Market
  • BOJ Widens Buying Ranges While Cutting Frequency for Short Bonds

European equities (Eurostoxx 50 -0.1%) have trimmed opening losses throughout the session despite underpeformance of Stateside peers. After a mixed close yesterday, equities in the region initially succumbed to some of the heavy selling pressure seen after the Wall St. close in the wake of earnings from US tech mega-caps. Despite the likes of Apple, Alphabet, Amazon, Facebook and Twitter recording beats on top and bottom lines, earnings (ex-Alphabet; up 5.6% pre-market) were received poorly with Apple shares currently lower by 4.5% in pre-market trade following a miss on iPhone sales and lack of guidance, as well as a 29% Y/Y drop in its Chinese revenue. Social media names Facebook (-2.4%) and Twitter (-17.5%) are seen lower ahead of the cash open, whilst e-commerce giant Amazon (-2.1%) are also lagging with some citing soft operating income guidance for December. In Europe, given the gravitational pull of the aforementioned large-caps, stocks across the continent commenced the session on the backfoot before staging a mild recovery with little in the way of clear fundamentals behind the move; as context the Eurostoxx 50 is lower by 6.4% on the week. Sectoral performance is somewhat mixed with oil & gas names the clear outperformer in the wake of earnings from Total (+2.3%) who reported a heavy beat on Q3 net income and maintained its dividend despite the likes of BP, Shell and Eni trimming theirs in 2020. Elsewhere, banking names are also performing well this morning following Q3 results from Natwest Group (+5.6%) which saw the Co. beat expectations for quarterly pre-tax profits and suggest that FY impairments are seen at the lower end of the range. IAG (+2.6%) have lent some support to the travel & leisure sector despite reporting a wider than expected loss for Q3 operating income with the CEO noting that his top priority will be reducing the Co.’s cost base. To the downside, underperformance has been observed in personal & household goods and food & beverage names. Health care names are also softer on the session following earnings from Novo Nordisk (-1.5%) with the insulin producer missing on expectations for EBIT and net profits.

Top European News

  • Spanish Banks Join EU Peers in Painting Rosier Bad Loans Picture
  •  
  • Continental CEO Degenhart to Resign, Citing Health Reasons
  • Italy in Talks With Paschi on $1.75 Billion Capital Increase
  • U.K. House Prices Jump Most in Five Years as Boom Gathers Pace

In FX, the Dollar remains relatively firm and resilient given a loss of safe-haven status or less demand amidst a fragile recovery in risk sentiment, month end portfolio rebalancing and positioning ahead of next week’s US Presidential Election. However, the index is back below 94.000 and Thursday’s 94.105 high within a 93.983-762 range as several major counterparts claw back some lost ground before another raft of data, the Chicago PMI and final Michigan sentiment.

  • JPY/AUD – Leading the aforementioned G10 recovery in spite of somewhat mixed Japanese CPI, unemployment and ip updates, the Yen is back above 104.50 and a key Fib at the half round number alongside hefty option expiry interest (2.2 bn). On the flip-side, 1.4 bn expiries at the 104.00 strike will act as a barrier and support for Usd/Jpy after the pair got to within 2-3 pips of the level yesterday, and conversely the Aussie appears to be drawing comfort from the fact that it survived an equally close shave with 0.7000 to probe 0.7050 with assistance from ANZ’s CEO arguing against an RBA ease next week on the grounds it would flood the financial system with more liquidity, impair bank profitability and only boost the economy and jobs marginally.
  • GBP – Also firmer vs the Buck after losing 1.2900+ status on Wednesday and maintaining momentum against the Euro close to 0.9000 in wake of the ECB, though wary of ongoing Brexit uncertainty and end of month Eur/Gbp cross flows that can deviate from RHS to LHS quite sporadically.
  • NZD/EUR/CAD/CHF – All narrowly mixed vs the Greenback, as the Kiwi regains hold of the 0.6600 handle in wake of another upbeat sentiment survey (ANZ consumer confidence up to 108.7 in October from 100.0 previously), and the Euro pares some post-ECB losses after basing at 1.1650. Note, this coincided with the 100 DMA, which is now 5 pips firmer and the 2 chart points also align with 1.5 bn option expiries for today’s NY cut. Perhaps predictably, market contacts tout stops on a break of 1.1650 that would expose a virtual double bottom from late September (1.1615-12). Elsewhere, the Loonie is deriving a degree of comfort from stability in oil prices and the generally less risk averse tone to retest 1.3300 from 1.3390 or so, but the Franc is still lagging below 0.9150 and hovering near 1.0700 against the Euro.

In commodities, WTI and brent are modestly firmer this morning in a pull-back from some of the overnight losses after sentiment took a hit on the earnings-spurred downside in US equities last night. Following this, the crude complex has continued to lift off lows throughout the session alongside sentiment in general; WTI and Brent are currently firmer by around USD 0.30/bbl. Turning to OPEC where the Iraq oil minister pushed back on reports that the country and others are considering a rollover of existing OPEC+ output cuts into 2021 given developments on both the demand & supply side. While the remark is interesting there is still over a month until the next OPEC+ gathering and as such a pushback on such commentary at this stage is perhaps not too surprising. Elsewhere, the BSEE report of 43-companies had just shy of 85% of oil shut-in for the Gulf given Storm Zeta; its worth noting the storm is continuing to dissipate and as such production should be restored to the Gulf over the next few days – assuming no damage occurred. Moving to metals, spot gold is modestly firmer this morning as the USD has dipped as sentiment sees a moderate pick up from a European perspective. Separately, mining updates saw Glencore confirm their FY production guidance with the exception of coal given strike action at the Cerrjeon site; additionally, their YTD copper production is -8% vs. the prior period.

US Event Calendar

  • 8:30am: Personal Income, est. 0.4%, prior -2.7%
  • 8:30am: Personal Spending, est. 1.0%, prior 1.0%
  • 8:30am: Employment Cost Index, est. 0.5%, prior 0.5%
  • 8:30am: PCE Core Deflator YoY, est. 1.7%, prior 1.6%
  • 9:45am: MNI Chicago PMI, est. 58, prior 62.4
  • 10am: U. of Mich. Sentiment, est. 81.2, prior 81.2; Current Conditions, est. 84.9, prior 84.9; Expectations, est. 78.8, prior 78.8

DB's Jim Reid concludes the overnight wrap

For the first 40-odd years of my life Halloween was a minor curiosity. My Dad’s dislike of trick or treaters didn’t help cement it in my social calendar as a kid. However since we’ve had kids my wife has slowly ensured it’s become a bigger and bigger event. Last night I learnt that she has gone into overdrive and bought what I thought were pretty expensive costumes ahead of us going to a pumpkin picking Halloween themed afternoon tomorrow at a local farm. Apparently I have an extravagant ghost costume and the twins have matching baby ghost costumes. My wife and Maisie have mother and daughter witch costumes and broomsticks. I’m not sure what the Halloween version of bah humbug is (maybe boooo humbug), but I’m slowly having it drummed out of me.

Over the last 24 hours we’ve gone from treat to trick as the prospect of big tech earnings first lured investors back in and then disappointed when they arrived after the bell. The S&P 500 was up over +2% late in the actual session last night prior to a sharp 70bp pullback in the last half hour of trading. It still closed +1.19%, with the NASDAQ rising a greater +1.64%.

After the close, Apple (+4.53% daily gain) fell over -4% even as its quarterly results beat estimates with record sales of Macs and services. However the largest US company also revealed that iPhone revenues fell -21% with revenue in Greater China, one of the company’s most important regions, falling by -29% to the lowest level since 2014. Amazon (+2.33% earlier) was down nearly -2% after giving up an immediate postmarket gain as revenue and earnings both solidly beat analyst estimates. The dip came after the CFO indicated that covid-related expenses will go up to $4 billion. Facebook’s (+5.75% earlier) shares were down over -2.5% in the after-market, even as revenues and user growth both beat estimates. On a more positive note, Google’s (+4.16% earlier) parent company, Alphabet, gained over +6% in after-market trading with news that the company’s digital advertising profits bounced back strongly from the previous quarter.

As a result, S&P 500 and Nasdaq futures are down -1.39% and -1.90% respectively as we type. Asian markets have also taken another leg lower with the Nikkei (-0.84%), Hang Seng ( -0.50%), Asx (-0.55%) and Kospi (-1.43%) all down. Chinese markets are more mixed with the Shanghai Comp up +0.08% while the CSI is down -0.09%. In FX, cable is down -0.18% to $1.2907 as more and more areas in England are moving to the topmost tier of restrictions. Meanwhile, yields on 10yr USTs are down -1.8bps this morning

Overnight, we also got a look into some details of China’s new five-year economic plan, which had tech in focus. The new plan elevated China’s self-reliance in technology into a national strategic pillar. Senior party officials of the Communist Party said that the nation would accelerate development of the kind of technology needed to spur the next stage of economic development with focus on bold measures to cut reliance on foreign know-how.

Back to yesterday and European stocks tried to turn positive after three straight days of declines to start the week as ECB President Lagarde outlined steps the central bank could take in December to recalibrate monetary policy in light of the worsening pandemic (more below). Her comments saw the STOXX 600 rise +1.76% off the lows of the day, however part of those gains were given back in the last half hour of trading with the index ending down -0.12% on the day. While the DAX (+0.32%) gained, other bourses such as the CAC (-0.03%) and FTSE (-0.02%) were not able to stay above water. European futures are down around -1.2% this morning.

As our economists point out (see their note here) this was a unique ECB meeting as for the first time we saw a unanimous post-dated decision to act at the next meeting (December in this case). The composition of that action remains to be determined however, and will be a function of events, both pandemic and economic, over the next six weeks. Our economists suggest that the emphasis on “all instruments” being under consideration is a message to think beyond just PEPP. The sensitivity to weak private credit implies changes to the TLTRO framework. For the time being, they hold onto their view of a composite easing strategy in December: a package of measures, including tweaks to the TLTRO framework, to complement more PEPP in one form or another to address the pandemic risk and more APP to address the persistent low inflation problem.

As they also point out, six weeks can be a long time in a non-linear pandemic. However, post-dated action is not to be confused for ECB inactivity for the next six weeks. ECB President Lagarde emphasised the flexibility of existing programmes like PEPP to respond to any downside surprises. There is still more than half the PEPP available and it is flexible enough to be deployed on an "anytime, anyplace, anywhere" basis. The pace of purchases can re-accelerate if necessary.

The euro fell -0.61% by the end of the day to one month lows but that was as much due to dollar strength as half the move occurred before the ECB meeting. 10yr bund yields fell -1.1bps to -0.64%. With the signal of added ECB support peripheral bond yields fell, with Italian (-6.2bps), Spanish (-3.4bps), Greek (-10.7bps) and Portuguese (-3.5bps) 10yr bonds all tightening to 10yr bunds. US Treasuries fell with the risk on sentiment, as yields rose +5.2bps to 0.823%, the largest one day rise in over three weeks.

In terms of data, the US economy expanded at a record 33.1% (annualised) pace off the lows of the pandemic, with business reopening and consumer spending powered by stimulus injections. The rise in GDP, which on a quarterly basis is 7.4%, slightly beat market expectations of 32.0%, and comes after Q2’s also record decline of -31.4%. Overall, GDP is now -3.5% below pre-virus (Q4 2019) levels. In terms of components, consumer services spending was -7.7% below pre-virus levels, but consumer goods spending +6.7% above. There was also initial jobless claims out of the US, where claims in regular state programs totaled 751k in the week ended Oct. 24, down 40k from the prior week. Continuing claims decreased 709k to 7.76mn in the week ended Oct. 1, having now fallen for five straight weeks. Overall these were positive data points, but the virus’s progression may impact the winter readings going forward.

With less than five full days before polls close in the US elections, former Vice President Joe Biden is currently in a strong position with the fivethirtyeight.com model giving him an 89% chance of winning, the highest so far, and a national polling average lead of +8.8. Biden holds strong polling leads in the key Midwest swing states of Pennsylvania (+5.2pts), Wisconsin (+8.4pts), and Michigan (+8.1pts), and is also leading to a smaller degree in the Sunbelt swing states of Florida (+2.1pts), North Carolina (+2.2pts) and Arizona (+2.7pts). Biden can win by just carrying the Midwest but, as has been highlighted before, we are likely to know results from the latter group of states earlier because they process mail-in ballots ahead of the election and both Florida and North Carolina will also be allowed to count votes ahead of time. A quick win there for Biden and the “Blue Wave” could materialise rapidly, but a Trump win in that part of the map and we could be waiting until the end of the week at least. The Secretary of State in Pennsylvania has said that the “overwhelming majority” of votes should be counted by next Friday, but that is still at least 3 days of uncertainty and that is before we get to any implications of Supreme Court rulings.

Staying on politics EU Commission President Ursula von der Leyen stated that Brexit talks are 'making good progress' and are now 'boiling down to the two topics that are the most important - Level Playing Field and fisheries'. These two issues as well as a mechanism in the final treaty for resolving future disputes are among the most important outstanding points. European Council President Michel, expressed the expectation that the state of the negotiations would probably be assessed next week with his hope being to start the ratification process in mid-November.

On the coronavirus, hospitalisation rates in some countries are approaching peak levels seen during the first wave. Belgium reported 5,924 patients currently hospitalised, surpassing its previous peak from back in April. While in Portugal, the number of ICU patients is now 269, just short of its previous peak of 271. Similarly in Italy, there are now 17,615 patients in hospitals, though capacity still remains there compared to the nearly 29,000 back in April. This is why countries throughout Europe have been enacting new restrictions to try to flatten the curve again. Yesterday Sweden, whose actions have been among the most scrutinised, announced that residents in Stockholm are to avoid shops, gyms and any other indoor venues that don’t provide essential services. This comes as the country has seen around 3,000 new cases, a record daily rise. In the US, weekly cases have hit record highs as the virus continues to spread through the Southern and Midwestern regions. However yesterday there was troubling news out of the northeast, which had been resistant to a second wave, as New Jersey’s and New York’s positivity rates of covid-19 tests hit their highest levels since May. Lastly Dr Fauci predicted yesterday that normality may not return until late 2021 even with an effective vaccine broadly distributed.

Looking ahead to today there will be readings of France, German, Italian and Euro Area Q3 GDP. As well as CPI data for France and Italy and unemployment data for Italy and the Euro Area. In the US, we will get personal spending and income data along with PCE core deflator. There is also the MNI Chicago PMI and final University of Michigan sentiment reading for October. In terms of Central Banks, the ECB’s Weidmann is expected to speak. About halfway through earnings, we will see results today from Novo Nordisk, AbbVie, ExxonMobil, Charter Communications, Chevron, Total and NatWest Group.

Published:10/30/2020 7:06:51 AM
[] The Morning Report - 10/30/20 Good morning, kids. Friday and we'll get to the continuing to break out Biden Crime Family story in a moment. We're just four days away from deciding the fate of the nation for at least a generation if not... Published:10/30/2020 7:06:51 AM
[Markets] Market Snapshot: Dow futures down over 100 points as Big Tech guidance stokes unease over COVID impact Stock-index futures point lower Friday, with investors waving off strong quarterly results from tech heavyweights to focus on uncertain guidance that underlines unease about the outlook amid a continued surge in COVID-19 cases in the U.S. and Europe.
Published:10/30/2020 6:37:09 AM
[Entertainment] Sephora's Beauty Insider Holiday Savings Event Is Here! EComm, Sephora's Beauty Insider Holiday Savings Event Begins Today!We love these products, and we hope you do too. E! has affiliate relationships, so we may get a small share of the revenue from your purchases. Items are sold by the retailer, not E!. If...
Published:10/30/2020 6:37:09 AM
[Volokh Conspiracy] [Josh Blackman] Today in Supreme Court History: October 30, 1735 10/30/1735: President John Adams's birthday. Published:10/30/2020 6:37:09 AM
[Politics] Veteran Analyst: NC Sen. Tillis Will Win 'Squeaker' For more than two weeks, the North Carolina press has carried reports about Democrat U.S. Senate hopeful Cal Cunningham's admissions of sensual texts with a married woman who is not his wife. Almost incredibly, he has continued... Published:10/30/2020 6:37:09 AM
[Markets] Biden Campaign Accuses Facebook Of Favoring Trump After 'Glitch' Takes Down 1000s Of Ads Biden Campaign Accuses Facebook Of Favoring Trump After 'Glitch' Takes Down 1000s Of Ads Tyler Durden Fri, 10/30/2020 - 07:12

Facebook announced last month that it would bar new political ads from being run on its platform during the last week of the election, part of CEO Mark Zuckerberg's effort to signal to Democratic lawmakers that the company was taking its role as a 'guardian of democracy' seriously.

Barring new ads during the final week of the campaign seemed more like a kafkaesque nuisance, rather than a sensible tactic to try and cut down on mudslinging and misinformation associated with the election. And since no half-hearted attempt at virtue-signaling goes unpunished, Facebook is facing backlash from Joe Biden's campaign, which has accused the company of favoring President Donald Trump after thousands of Joe Biden ads were inexplicably blocked.

Here's more from the FT:

Facebook has mistakenly blocked thousands of Joe Biden advertisements from appearing on its platform with just days to go until the US presidential election, according to the Democratic challenger’s campaign, as the company struggles to implement its latest policy to combat misinformation.

Mr Biden’s campaign said on Thursday night that many of its Facebook advertisements were still not appearing on the site after the social media company attempted to clamp down on new political ads in the final stretch of the campaign.

Facebook blamed the glitches on “unanticipated issues”, brushing off suggestions that they were evidence of bias towards the campaign of President Donald Trump or the Republicans.

Ironically, despite all the company's attempts to keep itself out of the media crossfire, the glitches have "once more placed Facebook at the center of a political row in the heat of a US presidential campaign." Biden campaign digital director Rob Flaherty said in a statement that "We find ourselves five days out from election day, unable to trust that our ads will run properly, or if our opponents are being given an unfair, partisan advantage."

Facebook delivered a lengthy explanation to Bloomberg, claiming that the glitch had also disrupted Trump Campaign ads as well.

Facebook Inc. revealed Thursday how internal technical glitches had disrupted the delivery of some ads from the Joe Biden and Donald Trump campaigns, but said it made changes to resolve those hiccups in the run-up to the November U.S. presidential election.

The social media giant’s admission followed complaints from the Biden camp about how thousands of its ads had been blocked. Facebook said in a blog post it spotted “unanticipated issues” affecting both campaigns, including technical flaws that caused a number of ads to be “paused improperly.”

“No ad was paused or rejected by a person, or because of any partisan consideration,” Facebook said in its post. “The technical problems were automated and impacted ads from across the political spectrum and both Presidential campaigns.”

Facebook issued a rule for this election season to prevent new ads from entering the system in the week before the vote, to make it easier to address problems with misinformation, such as candidates announcing victory prematurely. But political ads were supposed to be allowed if they were in by the deadline.

Well, now that Facebook has settled that, the Biden campaign and its Democratic allies can go back to bashing the company for allowing the 'information terrorists' Ben Shapiro and Dan Bongino to share dangerous conservative talking points.

Published:10/30/2020 6:37:09 AM
[topics:places/florida] Why winning Florida's votes is crucial in the 2020 US election Published:10/30/2020 6:37:09 AM
[News] Why the US Military Would Welcome a Decisive 2020 Election Win "The best thing for us (the military), would be a landslide one way or another." Published:10/30/2020 6:37:09 AM
[World] Need to Know: Here are 5 quality ‘election-proof’ stocks with upside potential, analyst says David Trainer, founder of the independent research firm New Constructs, has put out a list of five stocks to own regardless of the election. He says all these picks have attractive risk vs. reward, large cash reserves and strong market share.
Published:10/30/2020 6:06:47 AM
[Markets] Need to Know: Here are 5 quality ‘election-proof’ stocks with upside potential, analyst says David Trainer, founder of the independent research firm New Constructs, has put out a list of five stocks to own regardless of the election. He says all these picks have attractive risk vs. reward, large cash reserves and strong market share.
Published:10/30/2020 6:06:47 AM
[Markets] "He Assured Us He Will Get It Done" - Lil Wayne Meets With Trump On Plan To Financially Empower Black Americans "He Assured Us He Will Get It Done" - Lil Wayne Meets With Trump On Plan To Financially Empower Black Americans Tyler Durden Fri, 10/30/2020 - 06:44

Days after 50 Cent reneged on his support for President Trump in a video (where he admitted that many of his celebrity friends had reached out to pressure him to change his view), another rap super star has stepped up to give the president a vote of confidence and implicit support.

Rapper Lil Wayne and President Trump "had a great meeting" about the administration's "Platinum Plan," Trump's effort to create millions of jobs in minority communities, outflanking Democrats in the process.

Wayne also went on a limb, risking his reputation to offer praise for the Administration's efforts to help black Americans: "What he's done so far with criminal reform, the platinum plan is going to give the community real ownership. He listened to what we had to say today and assured he will and can get it done."

Rapper Ice Cube has already fended off criticism for working with Trump, while Killa Mike, an Atlanta rapper and small business owner, said on CNBC the other day that 50 Cent, after his comments about Biden's tax plan, "wasn't crazy" - suggesting that Mike at least understood where 50 Cent was coming from as a business owner. Ice Cube over the summer introduced his "Contract for Black America" demanding specific reforms to close the opportunity gap in the community.

The contract asks politicians to back banking, police and prison reform, elimination of all Confederate statues, federal funding of "baby bonds" starting with $1,000 at birth, among other reforms to support the Black community in order to earn the "support of the Black vote."

Since Kanye West launched his whisper campaign to compete as a write-in candidate, the Trump Campaign has been working to recoup Trump's support among rappers and entertainers, which makes sense given the president's close ties to the entertainment industry (and the fact that he's delivered cameos and features on dozens of rap songs over the years).

We look forward to hearing Trump's feature on "Tha Carter VI".

Published:10/30/2020 6:06:47 AM
[0d5e5863-75aa-5864-8f19-4fa47908226e] Sen. Josh Hawley: Justice Barrett is pro-life and pro-faith — good news for religious conservatives Justice Amy Coney Barrett is a devout Catholic and charismatic who has lived her faith in every walk of her life — choosing to teach at a Catholic university, publicly defending her church, mentoring Christian law students, and speaking to Christian legal groups. Published:10/30/2020 6:06:47 AM
[Uncategorized] Merkel Puts Germany Into Second Coronavirus Lockdown

Merkel: "We are in a very serious situation."

The post Merkel Puts Germany Into Second Coronavirus Lockdown first appeared on Le·gal In·sur·rec·tion.

Published:10/30/2020 6:06:47 AM
[ET] Energy Transfer Slashes Dividend: We Were Wrong, But Keep Accumulating Published:10/30/2020 5:40:17 AM
[Politics] Harry Litman: The ominous return of Bush vs. Gore

Justice Brett Kavanaugh's shout-out to the discredited decision that muscled George W. Bush into the White House should be considered an early warning.

Published:10/30/2020 5:40:16 AM
[Markets] France Beheading Terrorist Revealed To Be Boat Migrant Who Arrived Via Italy France Beheading Terrorist Revealed To Be Boat Migrant Who Arrived Via Italy Tyler Durden Fri, 10/30/2020 - 06:30

Authored by Paul Joseph Watson via Summit News,

The terrorist who beheaded a woman and killed two others near a church in Nice, France has been revealed to be a Tunisian boat migrant who arrived on the Mediterranean island of Lampedusa last month.

The attack followed the beheading of Samuel Paty earlier this month, a school teacher who was targeted as part of a revenge attack for showing cartoons of the Prophet Muhammad to pupils in a class about free speech.

It’s now confirmed that the jihadist in Nice, who yelled “Allahu Akbar” during the attack, arrived in Europe as a boat migrant.

“He entered France from Italy – travelling through the southern Italian city of Bari on 9 October – after reaching the Mediterranean island of Lampedusa on 20 September,” reports Sky News.

“He was carrying an Italian Red Cross identity document, and a bag containing two unused knives was found.”

Other sources name the terrorist as 21-year-old Brahim A., saying he was rescued by an Italian rescue boat on September 20 and placed in quarantine due to COVID.

The Tunisian had apparently been subject to an expulsion order by Italian authorities but was able to travel to France via Bari.

This is at least the fourth time that migrants arriving in France as “refugees” have gone on to commit terrorism.

The Chechen teen who beheaded school teacher Samuel Paty earlier this month had been granted a 10-year residency in France as a refugee in March.

The majority of the Paris massacre terrorists exploited the refugee wave to enter Europe.

The three terrorists who went on a knife rampage in Lyon back in April were also Sudanese refugees.

*  *  *

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Published:10/30/2020 5:40:16 AM
[Markets] : How the nation’s eviction crisis could stop some Americans from voting People who have been displaced by evictions may need to re-register to vote — and there’s a significant chance they aren’t aware of that fact.
Published:10/30/2020 5:06:53 AM
[Markets] War Spillover: Turkish & Azeri Mobs Hit Streets "Looking For Armenians" In France War Spillover: Turkish & Azeri Mobs Hit Streets "Looking For Armenians" In France Tyler Durden Fri, 10/30/2020 - 05:45

The latest terrorist killings to rock France as tensions grow centered on the country's firm free speech traditions as a secular republic vs. Muslim immigrant outrage over negative depictions of Muhammad in French media have grabbed international headlines, but other disturbing trends which have received much less attention suggest the violence looks to grow. 

This week there have been reports of clashes between Turkish-Azeri demonstrators and Armenians on the streets of France. On Wednesday multiple videos circulated widely on social media which appear to show Muslim Turks and Azeris "hunting down" Armenian Christians as the war in Nagorno-Karabakh spills over onto the streets of Europe.

Some other European cities have also witnessed rising tensions between Turkish and Armenian neighborhoods related to conflict in the Caucasus.

Turkey is of course a close ally of Azerbaijan in the current fighting against Armenia in the breakaway Karabakh border region. Armenians as an ethnic group have also long been targets of Turkish hatred going all the way back to the Armenian Genocide of the early 20th century.

Here's how The Independent describes the below video from Lyon, France:

In one video shared by an independent Armenian outlet, people can be seen marching in Lyon with Turkish flags and chanting the phrase "allahu akbar", meaning "God is the greatest". 

In the same piece of footage, a man can be heard saying in French: “Where are you Armenians? Where are you? We are here… sons of b*****s”.

The Independent said the videos appear to confirm the angry demonstrators were "looking for Armenians"

The mob reportedly formed after a pro-Armenia demonstration blocked a motorway connecting Lyon and Marseille on Wednesday morning.

The Armenian demonstration broke out into violence after Turkish nationalists reportedly tried to disrupt the rally. Clashes resulted in at least four injured, which French police are said to be investigating.

Below shows an angry mob in Vienne, France, a commune about 20 miles south of Lyon:

France’s Independent Union of Police Commissioners said in a tweet that over 150 people had engaged in a "punitive expedition in search of Armenians" in Vienne.

Turkish flags could be seen and nationalist chants heard, as well as anti-Armenian slogans amid the mayhem, which appeared to have eventually been broken up by police.

Published:10/30/2020 5:06:53 AM
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Published:10/30/2020 5:06:53 AM
[Entertainment] Why Jim Carrey’s Biden impersonation on SNL isn’t quite catching on “Like any politician, Biden certainly has particular traits that can be caricatured, but he’s absolutely not the maniacal figure that Carrey is portraying,” says one Obama White House aide. Published:10/30/2020 5:06:53 AM
[87a8a8d6-d2d7-5f28-94b3-dd9dd1826471] Joe Biden: I want your vote to become your next president — here’s what I will do for you and our nation If elected, I promise to fight as hard for those who don’t support me as for those who do. That’s the job of a president: not to divide us into red states and blue states, but to bring us together in common purpose — as the United States of America. Published:10/30/2020 5:06:53 AM
[Markets] Autotrader: The Nissan Leaf vs. the Chevy Bolt: Two EVs compared They're both at the forefront of bringing affordable electric mobility to the masses. But which one is better?
Published:10/30/2020 4:37:32 AM
[Columns] The Next Populist Revolt

For the past half decade, Europe has acted as a preview of coming attractions in American politics. The reaction to the confluence of immigration and terrorism on the continent foreshadowed the direction the Republican Party would take under Donald Trump. The surprise victory of “Leave” in the Brexit referendum hinted at Trump’s unexpected elevation to the presidency. The terrible images from coronavirus-stricken Italy last March offered a glimpse into New York City’s future. This week, when Italian authorities reimposed curfews, restrictions on business, and bans on communal gatherings, violent protests broke out in Turin, Milan, and Naples. Consider it a taste of the next populist revolt.

The post The Next Populist Revolt appeared first on Washington Free Beacon.

Published:10/30/2020 4:37:32 AM
[215ca401-449b-59c2-8d4f-e40720052ed5] Everything coming to Amazon Prime Video in November 2020 A new month means new content being added to the library of TV and movies for people to binge-watch as they prepare for the Thanksgiving holiday.  Published:10/30/2020 4:37:32 AM
[b4b341d1-3eb7-53ba-ad36-9d15cc78a94f] Secretary of State Pompeo: America First foreign policy is succeeding President Trump promised the American people that he would put their interests first, and make that pledge the foundation of every foreign policy decision he made. That approach has delivered historic outcomes for the American people. Published:10/30/2020 4:37:32 AM
[Markets] Dow Futures Tumble As Tech Earnings Underwhelm, Pandemic Cases Surge Wall Street looks set to close out its worst month since the peak of the global pandemic in March amid a resurgence in coronavirus infection rates and muted near-term outlooks from some of the market's biggest tech companies. Published:10/30/2020 4:37:32 AM
[Markets] NerdWallet: How to make sure your home renovations are properly insured If you make changes to your home, it’s smart to revisit your homeowners or renters policy.
Published:10/30/2020 4:06:29 AM
[Markets] WHO Special Envoy On COVID Reiterates Caution Against Lockdowns As Primary Virus Plan WHO Special Envoy On COVID Reiterates Caution Against Lockdowns As Primary Virus Plan Tyler Durden Fri, 10/30/2020 - 05:00

Authored by Joseph Jankowski via PlanetFreeWill.com,

As the nations of Germany and France brace to hunker-down under fresh new lockdown measures to combat the spread of COVID-19, a Special Envoy of the World Health Organization has reiterated previous caution of using lockdowns as a primary method of combating the virus.

WHO’s special envoy on COVID-19, Dr. David Nabarro, cautioned in a Thursday interview with BBC Radio 4’s Today that full national lockdowns should be used only as a “reserve” measure to control the coronavirus, describing such actions as very extreme.

Nabarro, who was appointed in February as one of six special envoys tasked to deal with the corona virus response, warned that national lockdowns are “a very extreme restriction on economic and social life” that temporarily “freezes the virus in place.”

“You don’t want to use those as your primary, and I stress that, primary, means of containment. Because in the end living with the virus as a constant threat means maintaining the capacity to find people with the disease and isolating them,” Nabarro said.

The British doctor went on to recommend a robust test, trace and isolation system as the priority for government response with lockdown being “the reserve that you use to take the heat out of the system when things are really bad.”

In early October, Nabarro also cautioned against lockdowns in an interview with the Spectator, saying, “we in the World Health Organization do not advocate lockdowns as the primary means of control of this virus.”

“The only time we believe a lockdown is justified is to buy you time to reorganize, regroup, rebalance your resources, protect your health workers who are exhausted, but by and large, we’d rather not do it.”

Perhaps the most jarring part of his warning was when he described the economic impact of imposing strict lockdowns.

“Lockdowns just have one consequence that you must never, ever belittle, and that is making poor people an awful lot poorer,” he said.

The Special Envoy’s warning came as the World Bank detailed how the disruptions caused by COVID-19 could push an additional 88 million into extreme poverty.

It appears Nabarro’s words have fallen on deaf ears with some world leaders as French President Emmanuel Macron and German Chancellor Angela Merkel announcing fresh lockdowns measures on their citizens on Wednesday.

France will head into a nationwide lockdown on Friday under which citizens can only leave home to go to work, to go to school, for a medical appointment, to give assistance to loved ones, for essential shopping or for physical exercise.

In Germany, Chancellor Merkel announced a four-week shutdown of bars, restaurants and theaters.

“We must act, and now, to avoid an acute national health emergency,” she said.

Published:10/30/2020 4:06:29 AM
[topics:in-the-news/uk-coronavirus-lockdown] Travel latest news: Britons face mad dash home after Cyprus stripped of travel corridor Published:10/30/2020 4:06:29 AM
[Markets] UK Cops Will Raid Lockdown-Rule-Defying Christmas Celebrations; Fear Move Could Spark Civil Unrest UK Cops Will Raid Lockdown-Rule-Defying Christmas Celebrations; Fear Move Could Spark Civil Unrest Tyler Durden Fri, 10/30/2020 - 04:15

As local mayors battle with the UK's central government over the terms of anti-coronavirus lockdown measures, local police chiefs are warning that Britons may be in store for a holiday season distinctly reminiscent of the "Red Terror".

Several police chiefs warned that family Christmas celebrations could be broken up by intruding officers if households are found to have violated the lockdown rules.

David Jamieson, commissioner of the West Midlands police, said officers will be compelled to investigate reports of rule-breaking over the festive period, since the West Midlands is currently under Tier 2 restrictions, meaning people can't mix with anyone outside their own household or bubble.

Speaking to the Telegraph, Jamieson said "if we think there's large groups of people gathering where they shouldn't be, then police will have to intervene. If, again, there's flagrant breaking of the rules, then the police would have to enforce."

"It's not the police's job to stop people enjoying their Christmas. However, we are there to enforce the rules that the Government makes, and if the Government makes those rules then the Government has to explain that to the public."

But seeing that the UK is, after all, a multicultural society, it's not just Christmas that will be affected by the latest COVID-19 restrictions: Hanukkah and Diwali celebrations will face strict enforcement as well.

As we reported earlier this month, Johnson's new system could be in place for as long as six months. It divides England into three tiers (the other constituent nations are handling their own restrictions. Wales recently imposed a 2-week "firebreak" lockdown).

Here's a quick breakdown of restrictions across England courtesy of the Daily Mail.

Jane Kennedy, the top cop in Merseyside, another Tier 3 region, said she would investigate reports of illegal gatherings over Christmas, affirming the trend across the Tier 3 areas. Jamieson, meanwhile, said he fears unrest as the new restrictions arrive just as the furlough scheme for workers is ending, leaving many broke, desperate and depressed as we head into the holiday season.

“We’re sitting on a time bomb here,” he said.

“We’re getting very near the stage where you could see a considerable explosion of frustration and energy.”

Just like we've seen in the US, any rioting caused by the restrictions could be exacerbated by criminals taking advantage of the chaos.

As of now, the PM "hopeful" that the UK could start to move back to normal before the Christmas holiday.

Published:10/30/2020 3:38:17 AM
[topics:in-the-news/uk-coronavirus-lockdown] What tier is my area in? Use our Covid lockdown map to check your postcode Published:10/30/2020 3:06:10 AM
[CAE] There's A Lot Of Money To Be Made After This Published:10/30/2020 2:35:43 AM
[Entertainment] Why Hollywood Is the Land of Friendly Exes Jennifer Aniston, Justin TherouxPrecisely five hours and 16 minutes after joining Instagram last October, Jennifer Aniston had reached 1 million followers. An impressive feat and a new record, besting none other than Prince...
Published:10/30/2020 2:35:43 AM
[Law] How Bolster the Blue Is Standing in the Gap for Law Enforcement

Law enforcement continues to face unprecedented attacks as police forces are being defunded or are otherwise under intense scrutiny. What are some of the biggest... Read More

The post How Bolster the Blue Is Standing in the Gap for Law Enforcement appeared first on The Daily Signal.

Published:10/30/2020 2:35:43 AM
[structure:news] Russian businessman to discover if he has won High Court libel claim against former MI6 officer Published:10/30/2020 2:35:43 AM
[Markets] Russian Blitz In Syria Warns Turkey To Back Off In Caucasus Russian Blitz In Syria Warns Turkey To Back Off In Caucasus Tyler Durden Fri, 10/30/2020 - 03:30

Authored by Finian Cunningham via The Strategic Culture Foundation,

In an unprecedented show of strength, Russian warplanes this week reportedly launched devastating attacks on a Turkish-backed militant stronghold in northern Syria, killing up to 100 fighters. It was a stunning blow to Ankara’s proxy military assets in the Arab country.

The airstrikes marked the end of a seven-month ceasefire which Russia had negotiated with Turkey to maintain a de-escalation zone in Syria’s northwestern Idlib province. The Russian-brokered truce was seen as a brake on an offensive by the Syrian army to rout retreating militants in the border region with Turkey whom Ankara has sponsored during the nearly decade-long war in Syria.

In the attacks this week, it was reportedly a joint operation between Syrian armed forces and their Russian ally. That suggests that Moscow is giving Damascus a green light to resume its offensive to reclaim all its territory from Turkish-backed rebels. The gloves are coming off again, it seems.

The target was reportedly the main training camp of Islamist group Faylaq al Sham, which is also known as the Sham Legion. The Western media refer to the group as “moderate rebels” but it is in league with known terror affiliates, such as Ahrar al Sham and Jaysh al Islam. It is also associated with the Jihadist propaganda outfit, the so-called White Helmets.

The Sham Legion is reportedly Turkey’s go-to Islamist group in Idlib through which it networks with other militants. It is therefore a lynchpin in Turkey’s illicit covert operations in Syria.

For Russia and Syria to launch such a pulverizing blitz against an important Turkish asset can only be seen as an emphatic warning to Ankara.

A warning over what? It doesn’t seem to have been triggered by anything happening in Syria of late. Rather, the shock-and-awe attack seems to have been Moscow’s way of telling Ankara to stop pushing aggression in the war between Azerbaijan and Armenia in Russia’s South Caucasus region.

The eruption of the Azeri-Armenian war on September 27 over the disputed Nagorno-Karabakh territory has been an alarming security concern for Russia. Hundreds if not thousands have been killed in the past four weeks in what is the worst episode of violence since the two sides ended a six-year war in 1994 which saw a death toll of some 30,000.

There is little doubt that Turkey’s support for Azerbaijan is fueling the conflict. Ankara’s belligerent rhetoric about liberating Nagorno-Karabakh from ethnic Armenians has emboldened Azerbaijan to pursue a military solution.

Turkey has armed its historic ally Azerbaijan with advanced weaponry, such as missiles and drones, as well as supplying F-16 fighter jets. There are credible reports that Turkey has transferred thousands of its mercenary assets from northern Syria to fight alongside Azeri forces.

There are also reports that Turkey has deployed over 1,200 of its own special forces to the mountainous Karabakh region.

Ankara’s upping of the ante in the conflict could explain why three attempts to broker a ceasefire by Russia over the past month (and latterly involving the United States as a mediator) have foundered despite vows from the Azeri and Armenian sides to commit to honoring the truces.

There is a suggestion that Turkish leader Recep Tayyip Erdogan is seeking revenge for Russia’s assisted defeat of Ankara’s plans for regime change in Syria by making trouble for Moscow in its immediate southern neighborhood. If the Azeri-Armenian war escalates, Russia could be dragged into the conflict because of a defense pact it has with Armenia. That is something Russia would be loath to do since it also has friendly historic relations with Azerbaijan.

Moscow has repeatedly urged for a diplomatic solution to the conflict over Nagorno-Karabakh and for external actors to back off, meaning Turkey.

Ankara did not seem to have heeded Russia’s stern message – up to now. It is pushing Azerbaijan on a mission to reclaim Nagorno-Karabakh by force and with maximalist rhetoric dismissing Armenian rights.

Rather than confronting Turkey head-on in the South Caucasus, it seems Moscow has decided to hit Ankara with a knock-out blow to its assets in Syria. Ankara might just take heed now.

Notably, the day after the Russian air strikes in Syria, Turkey’s Erdogan initiated a phone call October 27 with Putin “to discuss Nagorno-Karabakh and Syria”.

According to the Kremlin press service: “The Russian side expressed deep concern about the ongoing military action [in Nagorno-Karabakh], and the growing involvement of terrorists from the Middle East,” reports Tass agency.

Looks like Erdogan got the memo.

Published:10/30/2020 2:35:43 AM
[Markets] Melbourne Parties As 112-Day COVID-19 Lockdown Comes To An End Melbourne Parties As 112-Day COVID-19 Lockdown Comes To An End Tyler Durden Fri, 10/30/2020 - 02:45

After 112 days and countless arrests, fines and protests, Australia's second-most-populous state is finally free from lockdown.

The city of Melbourne, the capital and largest metro center of Australia's coronavirus-hammered Victoria state, exited lockdown on Wednesday, leaving businesses and residents to cope with the aftermath of months of forced closures for an virus that has so far killed fewer than 1,000 people in the entire country.

One resident told the SCMP about going to "an end of lockdown party" at a popular bar in the city to ring in the end of lockdown. She said the vibe at the event was "electric" and everybody was "giddy" about the restrictions finally coming to an end.

What began as a six-week stretch in lockdown ultimately left Melbourne's 5 million residents shut up inside for months, depriving them of the cultural attractions like bars, cafes and live music.

Victoria premier Daniel Andrews said more than 16,000 shops, 5,800 cafes and 1,000 beauty salons reopened on Wednesday, though he acknowledged that the restrictions had taken their toll on the city and its economy.

The lockdown comes to an end more than 2 months after Melbourne's 'peak' of more than 700 new daily cases in a day.

Some restrictions remain in place: Gyms in the city won't be able to reopen until Nov. 8. Melbourne residents must also continue to comply with restrictions on movement that bar them from visiting towns outside the city, a measure that had led many to complain that Melbourne and Victoria had been "cut off" from the rest of Australia.

In total, Australia has recorded about 27,500 cases, with 20,344 in Victoria, and 907 deaths, compared with a population of 25 million. Total active cases in the state have fallen to just 76, almost all of which are within the city limits of Melbourne.

 

Published:10/30/2020 2:09:58 AM
[topics:people/bill-clinton] The 44 Presidents of the United States who came before Donald Trump Published:10/30/2020 2:09:58 AM
[Comedy] sack tap

A trick played on a fellow athlete where the open hand smacks the target's testicles with the knuckles in a sharp, wrist flicking motion.

"Dude, I sack tapped Brandon, and now he has the whole team trying to sack tap me"

Published:10/30/2020 2:09:58 AM
[Markets] Europe Markets: Dow futures slide 500 points and European stocks drop as Big Tech earnings, COVID-19 and election worries weigh Equities show little chance of ending the week on a positive note, after Apple and Amazon.com shares fell on results late Thursday. A week of increasing concerns over COVID-19 and restrictions have takena toll.
Published:10/30/2020 1:38:01 AM
[TC] AOL founder Steve Case, involved early in Section 230, says it’s time to change it AOL founder Steve Case was there in Dulles, Virginia, just outside of Washington, D.C., when in 1996 the Communications Decency Act was passed as part of a major overhaul of U.S. telecommunications laws that President Bill Clinton signed into law. Soon after, in its first test, a provision of that act which states that, “[n]o […] Published:10/30/2020 1:38:00 AM
[topics:people/joe-biden] US election polls tracker 2020: Will Donald Trump or Joe Biden win the race to be America's next president? Published:10/30/2020 1:37:59 AM
[Markets] Neo-Ottoman Nights Of Armenian-Azerbaijani War Neo-Ottoman Nights Of Armenian-Azerbaijani War Tyler Durden Fri, 10/30/2020 - 02:00

Submitted by SouthFront.org,

Turkish Sultan-in-Chief Recep Tayyip Erdogan has come up with a justification for the deployment of Syrian militants to the Nagorno-Karabakh conflict zone to support the war against Armenia. According to him, at least 2,000 fighters of the Kurdistan Workers’ Party (PKK) and the Kurdish People’s Protection Units (YPG) are supporting Armenian forces there.

During the meeting with the ruling Justice and Development Party parliamentary group, Erdogan claimed that during the phone call with Russian President Vladimir Putin he allegedly told him that Turkish authorities “have identified, through intelligence sources, that there are some 2,000 PKK terrorists fighting for Armenia at the moment for $600. Mr. President said he was not aware of that.” “I have told Putin that if our red lines are crossed, we would not hesitate to take action,” he added. Apparently, these non-existent PKK and YPG members in Karabakh are to justify direct Turkish involvement in the conflict on the side of Azerbaijan and somehow neutralize the mounting evidence showing Turkish-backed al-Qaeda-linked militants moving to Karabakh.

Meanwhile, the Armenian side revealed radar data confirming the involvement of the Turkish Air Force in the Armenian-Azerbaijani war. The released tracks show that Turkish warplanes deployed in Azerbaijan provide air cover for Bayraktar TB2 drones striking Armenian positions, while the Turkish aerial command post circulating in Turkish airspace, near the conflict zone, coordinates the entire aerial operation. The entire operation, according to Armenia, was planned and carried out with the deep involvement of Turkish military specialists.

Under the pressure of evidence, the Azerbaijani side has already admitted the presence of Turkish specialists and military equipment on its territory. The last step towards reality would be to confirm that they are involved in combat.

On October 28 and 29, forces of the Turkish-Azerbaijani bloc were conducting intensive strikes on Shushi and Stepanakert, the largest towns in Nagorno-Karabakh. Several airstrikes even hit the maternity section of the hospital in Stepanakert. Some sources even speculated that these strikes were delivered by F-16 warplanes. On the other hand, the Armenian side demonstrated that it is not much better and shelled the Azerbaijani town of Barda killing at least 21 people and wounding 70 others. The Turkish-Azerbaijani shelling of settlements and towns in Nagorno-Karabakh is a logical result of its attempt to remove Armenians from the region. Therefore, their strikes are aimed not only at military targets, but also at civilian ones in order to displace the local population. Meanwhile, the Armenian retaliation in a similar manner rarely has real military goals, rather it helps Ankara and Baku to gain some ‘evidence’ to confirm its propaganda narrative about ‘Armenian terrorism’. Moreover, these actions of the sides contribute to the further escalation of the conflict and undermine any weak hopes for escalation via diplomatic channels.

On October 29, the Azerbaijani Defense Ministry reported that it continues combat operations in the Khojavend, Fizuli, and Gubadli directions of the front calling its offensive ‘retaliatory measures’ to contain Armenian ceasefire violations. According to Baku, the Armenians lost two T-72 tanks, two BM-21 “Grad” MLRS, 14 different types of howitzers, and 6 auto vehicles in recent clashes. Earlier, Azerbaijani President Ilham Aliyev announced that his forces had captured 13 more settlements in the districts of Zangilan, Fuzuli, Jabrayil and Gubadli.

In their turn, the Armenian military claimed that it has repelled an Azerbaijani attack in the direction of the towns of Kapan and Meghri in southern Armenia inflicting numerous casualties on the ‘enemy’. Armenian forces are also counter-attacking in the district of the Gubadli, aiming to retake the district center. However, this attack reportedly was repelled. As of October 29, Armenian forces have contained Azerbaijani attempts to reach and fully cut off the Lachin corridor linking Armenia and Nagorno-Karabakh. Nonetheless, the situation in the area remains instable and the Turkish-Azerbaijani bloc still continues its offensive operations in this direction.

Published:10/30/2020 1:06:25 AM
[Entertainment] What to watch on Friday: ‘Citizen Bio’ on Showtime Friday, Oct. 30, 2020 | “The Mandalorian” returns on Disney TV Plus. Published:10/30/2020 12:06:33 AM
[Markets] As Italy tightens COVID-19 restrictions, Venice plunges back into ‘victorious solitude’ Some residents reflect on the pandemic and costs of globalization, and say it’s not too late to turn this medieval city’s fortunes around.
Published:10/29/2020 11:40:10 PM
[Syndicated Posts] President Donald Trump’s Schedule for Friday, October 30, 2020

By R. Mitchell -

President Donald Trump will travel to Michigan, Wisconsin, and Minnesota where he will hold Peaceful Protest campaign rallies. Keep up with the president on Our President’s Schedule Page. President Trump’s Itinerary for 10/30/20 – note: this  page will be updated during the day if events warrant All Times EDT 11:00 AM Depart the White House …

President Donald Trump’s Schedule for Friday, October 30, 2020 is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:10/29/2020 11:39:55 PM
[] Did Lil Wayne Just Endorse Trump? Published:10/29/2020 11:00:34 PM
[topics:people/joe-biden] US breaks single-day record of coronavirus cases with swing states among hardest hit Published:10/29/2020 11:00:33 PM
[Markets] Plutocrat Violence And Election-Night Horror: Marxian Analysis Shows That Antifa Is Fascist Plutocrat Violence And Election-Night Horror: Marxian Analysis Shows That Antifa Is Fascist Tyler Durden Thu, 10/29/2020 - 23:45

Authored by Joaquin Flores via The Strategic Culture Foundation,

“When fascism comes to America, it will be called antifascism” 

– Huey Long (misattributed)

Antifa’s fascist violence will return on election night. That’s why it’s important to understand their fraudulence and fascism, and reject the politics of plutocrat-contrived violence. Perhaps strangely, Marxian analysis itself is best suited to communicate this point to the radical left.

This is because at the root of Marxian analysis are not self-declarations, nor definitions based in superstructural manifestations, but rather the material relationship between base and superstructure.

In layman’s terms this boils down to two things in practice: follow the money’, and ‘watch what they do and not what they say’.

The real existing financial motives and the socio-economic class behind those motives is what we will find driving the base, even while at the superstructural level we find an ideology which only nominally, only apparently, appears at odds with the real motives at the base. Antifa, at its class and financial base (i.e., its objective and material base) is a plutocrat supported and controlled operation against the republic.

“Unlike the old left, rooted in radically independent organized labor, Antifa’s leadership and activities, to the contrary, are financed through billionaire oligarchs both directly and indirectly, like George Soros and Michael Bloomberg.”

In the simplest possible terms, Antifa is fascist because while they use some of the talking points and imagery of the old left, they actually work towards a plutocratic coup (or counter-revolution) against the republic. This is not to say there is a system-wide fascist threat, for reasons we will explain in an upcoming installment. In short, the coming coup against republican norms will not establish ‘fascism’ as historically understood, but a new kind techno-industrial repressive society within the rubric of post-modernity, which has hitherto not been contemplated rigorously outside of small circles of futurists and science fiction authors.

Antifa and BLM protests have generally disappeared from the simulated reality of the controlled media lens, because these riots did not have the intended effect of delegitimizing the Trump administration, instead working against Joe Biden and Kamala Harris.

Antifa Explosion – What the Week of November 2nd Will Look Like

Once Trump declares victory at around 11:30 pm on November 3rd, right as social media bans, blocks, and censors Trump’s announcement of victory, we will see the start of mass Antifa violence in key cities in swing states. As the French Marxist Baudrillard would have explained, an entire media simulation will ensnare (within its simulacra) whole portions of the population, which will be encouraged to send in their late ballots, following a last minute strategic ballot harvesting ploy targeted at key locations.

The disastrous ruling of the Supreme Court allowing three-day late ballots to be counted, will encourage a whole post-election drive to harvest ballots precisely in those precincts where the known data is already in from election night. The push to throw the election for Biden post facto will focus largely on those precincts within particular communities, within swing states. The problem for Biden has been the lack of a ground campaign and any sort of excitement.

This means we should expect a very big controlled-media scandal to captivate headlines right after the election. Whether or not this will actually motivate post facto ‘voting’ is beside the point. It most only be a semi-credible narrative that will explain why hundreds of thousands of voters turned out starting November 4th to cast their late ballots organically, even as in fact these will have been the result of targeted ballot harvesting.

Why Antifa’s ‘Communists’ Are Actually Fascists

1. It Doesn’t Matter What You Call Yourself

Many Antifa members, as well as the BLM leadership, call themselves Marxists, and because this self-declaration is also convenient for their conservative opponents, these self-descriptions go unchallenged.

Likewise in terms of its membership, fascist movements a hundred years ago were largely drawn from workers and small business owners who saw themselves as socialists and liberal-progressives. People do not fit into easy categories, and besides socialism and liberal-progressivism were a mix of both enlightenment and romantic ideas relating to both myth and utopia.

What defined them as fascists in Marxian terms was not the self-professed utopian, futurist, religious, socialist, or reactionary beliefs of this or that member of the movement, but by the objective material and financial reality of being backed by the plutocracy against the public, itself. All the while posing as guardians of the public.

Marxian analytic tools demonstrate that the same as true of Antifa in the U.S. today. The conservative right has long enjoyed throwing around the term ‘socialist’ and ‘Marxist’, especially ‘cultural Marxism’, to denounce their opponents within the Democrat Party, and this has the inverse effect of drawing elements of the populist and radical left who have no relation to the ruling plutocracy within the DNC, towards down-ballot DNC politics and Antifa protest-riots.

We cannot characterize a party or movement by the plurality socioeconomic class of its members in a vacuum. Otherwise both the Democrats and Republicans are ‘labor parties’.

2. We Already Proved That Antifa Is Financed by the Plutocracy

Indeed, Antifa in the U.S. has become a plutocrat-financed fascistic movement if we are using any Marxian metric. This seems counter-intuitive, for after all they profess themselves to be antifascist, and the fascists they are opposed to are allegedly the ‘basket of deplorables’ that back Trump. This means we need to set aside the institutionally approved (Eco, Griffin, et al) definitions of fascism, ultimately liberal ones in service of the status quo, to arrive at any meaningful definition of any utility. The academic institutions themselves are compromised with regard to these matters.

This is why in our piece ‘How Can the Deep State’s Antifa Organization Be Stopped?’ we showed the plutocrat financed NGO industrial complex through organizations like Democracy Alliance, was the defining base of Antifa activism – what Marxian analysis has always held, far and above, as defining the objective nature of a movement, and not its self-professions nor characterizations by their opponents.

Marxian analysis requires that we assess a movement by a.) Its material base, meaning which class empowers it and makes it possible (finances it) and b.) In whose class interest they work to empower. The answer for both here is the plutocracy. Because they pose as ‘revolutionary left’ but are in fact plutocratic, means they are fascist.

Marxian analytic tools must be salvaged from today’s ‘Marxists’, as these are as prescient as they are timely. They go farther to explain the 4th Turning, the 4th Industrial Revolution, the declining rate of profit, the internet of things and 3D printing, and the potential for a future economy based on the natural right of liberty and human dignity, both in the world and of the soul. But its vulgar misrepresentation as the ideology of Antifa and BLM serves the purpose, perhaps intentionally, of turning-off tens of millions of Americans who could otherwise see what is useful within the analytic framework of class and economic development through history.

3. Their Tactics Are Taken From Fascism

Of course the fascism of Antifa is visible to many, because of its gang-stalking and arson, the mob intimidation of citizens and small businesses to support this nascent totalitarian movement. To force passersby to raise the fist just as eighty-five years ago, Germans and Italians were identically forced to give the Roman salute, is only a corroborating piece of anecdata, and not the root of the reasoning that Antifa is fascist in nature.

But insofar as the Antifa mob and BLM leadership situates itself ostensibly in Marxism, this is perhaps even more dangerous for the reasons we’ve explained. And yet it is Marxian analysis itself which is best suited to demonstrate that even at a theoretical level, Antifa is fascist.

The owning class weary of radical economic changes and a rising ‘right-wing’ populist movement which itself is fixated on economic issues historically associated with the left, deploys the very same ‘victims of modernity’ (war veterans, permanently unemployed of all ages, workers, vagabonds, indebted students, adventurers, petty thieves and released criminals) to bring its definition of order out of chaos by operationalizing the chaos and the chaotic tendencies of its minions.

Unlike the old left, rooted in radically independent organized labor, Antifa’s leadership and activities, to the contrary, are financed through billionaire oligarchs both directly and indirectly, like George Soros and Michael Bloomberg.

Likewise we cannot characterize something as ‘fascist’ by its explicit beliefs or by views that may be projected onto them, but rather by the class that operationalizes them, and towards what end. Race, nationality, ethnicity, religion – these are but superstructural permutations of the givens of a time and place. Here is, among many other places, where Umberto Eco and Roger Griffin and those in their image are critically errant in understanding fascism. Fascism is a matter of methods, of tactics, and of financing – not of symbols, explicit ideology, or specific positions on culture-war (wedge) issues.

That said, Griffin’s point that fascism no longer has the ability to mobilize a mass movement in the way it did prior to WWII, but that it can carry on as a smaller phenomenon that can inspire terrorism, is agreed. Many of his reasons for stating so are incorrect, even if this conclusion is apt.

4. Antifa Punches Down, the Historic Labor Left Punches Up

Both the traditional radical left and fascist right were proponents of violence towards political goals, even if in self-defense, but the traditional radical left used to focus on ‘punching up’: Attacking capital, the ruling class, the banks, big land owners.

But historic fascism in its late-nascent stage is more similar to Maoism during the Cultural Revolution (there’s a strong New Left orientation to Maoism as well). It organizes and concentrates power by ‘punching down’.

This dangerous fascistic trend among what has come to be known as ‘the left’. At the level of universities, it began in the late 90’s when coastal university classrooms became ‘call-out sessions’. It moved into mass culture through venture-capital funded click-bait websites like Buzzfeed and Jezebel. Of course all of these antics would have been unrecognizably alien to militant rank-and-file labor union members in decades past.

That Antifa punches down and that mainstream media echoes their talking points, and that public service announcements are increasingly indistinguishable from Antifa propaganda, is a clear sign of its fascist essence. Punching down is always from a position of power, and its appropriation by the overt sections of power is a clear sign that their ideas have become what the French Marxist Althousser called the Ideological State Apparatus: That anything and everything outside of nebulous, ever-changing shibboleths (i.e. ‘community standards’) can potentially be called ‘fascist’ as a justification for ‘cancel culture’ and black-listing, is precisely that which the growing ‘illiberal liberalism’ of the plutocrats indeed flourishes on.

Pro-systemic propaganda punches down. Anti-systemic propaganda punches up. It’s an equation as simple as it is true.

5. Like Fascists, Antifa Relies on Support from Local Law Enforcement, Local Business, and an Entrenched Local Political Class to Place Them ‘Above the Law’

Perhaps you’ve seen old film reel of Nazis in the 1920’s in paramilitary uniform, long before they had official power in the governmental sense, seemingly able to physically attack those they wanted at whim, without local authorities intervening. From a position of power, from local friendly police departments, business interests, and politicians who at the very least ‘look the other way’, Antifa – like its fascist counterpart – is able to get away of enforcing its power on a down vertical. Road-blocks, riots, home-burnings, against the general public – all with local official support. Their aim is to coerce from the public a fear-based passivity and conformity to the politics of their program.

It matters very little in this sense, that they call themselves Antifa. While history moves in one direction, and historical parallels are fraught with contradictions, Antifa today in the most simple terms is recruited and built from that disenfranchised and permanently unemployed hodgepodge of people of various socioeconomic backgrounds, along with thrill-seeking youth (in that age-old quest for meaning, purpose, and identity) which formed the bulk of fascist mobs in the teens and twenties a hundred years ago in Europe.

When we understand that their ability to operate ‘above the law’ in many cases, find large groups of philanthropically minded lawyer’s groups (like the National Lawyers’ Guild) to work to have their charges dropped, district attorneys who are lenient, and the media industrial complex including monopoly social media, all work in coordinated fashion to enable the Antifa organization.

6. Their Violence Has Not Once Been in Defense of Labor Strikes and Pickets

Their methods and tactics are entirely uninvolved in labor ‘general strike’ type strategies that would more correctly characterize them as traditionally leftist. As seen above, rather, their methods are taken solely from the rise of fascism. Their material financial base, as well as their methods and tactics are fascist, as we have shown. Legitimate left-wing movements arise from, and are materially (financially) rooted in organized labor at its base. The various superstuctural manifestations along the ideological plane, whether nationalist, fascist, social-democratic, communists, anarchist, etc., are not – in the final analysis – determinative of the class and socio-economic nature of its (conscious or not) ‘leftism’ in terms of its relation to organized labor.

7. Their Cancel-Culture and Voter Disenfranchisement Campaign is Against Democracy

This critical in separating Antifa from historical bourgeois-democratic movements. In Marxian terms, in the transition from feudal modes of production to capitalist modes of production, the plutocracy helped arm and organize workers and peasants, the poor and disenfranchised, to overthrow the feudal nobility and usher in an history period characterized by bourgeois-democratic liberties and freedoms, which have come to characterize the ‘western tradition’ in modernity. Antifa is not a bourgeois-democratic movement because the U.S. is not a feudal, nor semi-feudal country, and also because their actions work against the existing rights to association and speech (cancel-culture), and work against enfranchisement as they have been operationalized towards a ballot harvesting scheme.

Concluding Commentary

The views of Griffin and Eco focus overwhelmingly upon the superstructural manifestations of the fascism of a century ago, so much so that Eco’s attempt to uncover an ‘Ur-fascism’, or generalized theory of identifying fascism, is an utter failure. Rather, Marxian analysis demonstrates that both historical fascism regardless of name as well as contemporary movements of the same essence are defined not by these superstructural manifestations (ideology, aesthetics, etc.) but rather by its driving base in terms of socio-economic class (economic foundation, private property, capital.

Election night and the weeks to follow will be met with a wave of violence larger than seen before. It will be difficult for those remaining on the left to understand that the Antifa foot soldiers are agents of capital, and not of labor. This is largely because of the gradual takeover of the left by new-left identity politics which crept slowly, and then rapidly, with May of 1968 and the Situationist moment being a key signifier.

We know that the FBI’s field offices which historically have infiltrated radical left-groups are also compromised, because we would otherwise see these FBI agents – whose work is often to act as agents provocateurs – to act as de-escalating agents urging calm from within the ranks of these fascistic Antifa outfits. We have not seen this, which is a key sign that the FBI at the very top is wrought with complicit activity, which incidentally is another piece of evidence in 5., above.

Perhaps it is ironic that Marxian analysis itself is best able to demonstrate that Antifa – whose members often describe themselves as Marxists (socialists, communists, etc.) – is in fact fascist.

The defense of the republic, of the bourgeois-democratic revolutionary gains of 1776-89 which were expanded in 1865, today rests upon election integrity, voter enfranchisement, and in a strange twist of fate, the Justice Department under AG Barr.

Published:10/29/2020 11:00:33 PM
[2020 Election] The only Democrat campaign ad you need to see this year.

The only Democrat campaign ad you need to see this year. Enjoy! Thai is a brilliant ad!Bravo. https://t.co/hZ59OVo504 — Libra ???? ???? ???? (@KimonoGurl) October 30, 2020

The post The only Democrat campaign ad you need to see this year. appeared first on IHTM.

Published:10/29/2020 11:00:33 PM
[World] Free Speech in France is Under Attack by Islamism

Another terrorist attack there calls to mind Charlie Hebdo and the extent to which Muslim youths feel alienated from French society.

The post Free Speech in France is Under Attack by Islamism appeared first on The American Conservative.

Published:10/29/2020 11:00:33 PM
[World] Tricks, treats and scaredy-cat teachers unions

As the COVID-19 pandemic continues, so too does the battle for reopening public schools.

The teachers unions' trick is to oppose classroom learning as unsafe, sometimes even drawing up the generations-old canard about aging, crumbling and overcrowded school facilities.

The treat for school reformers is the opportunity to turn those ... Published:10/29/2020 10:33:29 PM

[e4d206ea-0544-5fd9-8c58-8953cfd9a8ae] Tucker Carlson: Mainstream media's Hunter Biden lies have consequences. Ask Glenn Greenwald When all the news you receive is manufactured propaganda, you are apt to believe it, and why wouldn't you? Published:10/29/2020 10:33:29 PM
[Markets] White Castle To Automate Kitchens As Contactless Shift Will Accelerate Job Loss  White Castle To Automate Kitchens As Contactless Shift Will Accelerate Job Loss  Tyler Durden Thu, 10/29/2020 - 23:25

As restaurants across the country adjust for a post-pandemic world, driven mainly by the shift to a contactless environment via the adoption of automation and robotics, fast-food restaurant operator White Castle announced Tuesday morning additional robot deployments were nearing in the pursuit to automate kitchens.

White Castle, who announced a partnership with Miso Robotics' Flippy, a robotic chef, in July, which we've highlighted for years (see here & here), released a statement, announcing ten White Castle locations will soon receive robotic chefs. 

"The move will accelerate the adoption of artificial intelligence and robotics in the restaurant industry, critical technologies needed to tackle new pandemic challenges such as social distancing in kitchens, takeout and delivery demand, and higher standards for health and safety via contactless solutions," the press release read. 

Miso released a new Flippy earlier this month, called Flippy Robot-on-a-Rail (ROAR), that will speed up the production time of meals and improve quality and taste. 

ROAR Inside White Castle 

"Artificial intelligence and automation have been an area White Castle has wanted to experiment with to optimize our operations and provide a better work environment for our team members," said Lisa Ingram, the CEO of White Castle, in a statement. "This pilot is putting us on that path – and we couldn't be more pleased to continue our work with Miso Robotics and pave the way for greater adoption of cutting-edge technology in the fast-food industry."

The robots have so far been helpful during late-night shifts for the 24-hour restaurant, with job slots difficult to fill. Despite the virus pandemic, the company said customers are coming in. Flippy's robots prepare upwards of 360 baskets of fried foods per day.

The virus pandemic, forcing companies to limit interaction between customers and employees, has accelerated the trend of robots replacing humans in the workplace, which will lead to more job loss and rising wealth inequality for the poor

"Policymakers need to rethink how to improve the safety net for workers abruptly displaced by the pandemic, who also face an imminent risk of being replaced by technology, as well as how to prepare for the complex workforce transitions ahead," the Federal Reserve Bank of Philadelphia said in a report released in September. 

Suppose the virus crisis becomes more prolonged, as it appears in late October. In that case, as companies struggle to survive, many could turn to robotics and fire human workers, a move that would make customers feel more comfortable as there is no proven or commercially available vaccine for COVID-19, but ultimately will delay a labor market recovery.

Published:10/29/2020 10:33:29 PM
[topics:things/cannabis] New Zealand votes to legalise euthanasia in referendum Published:10/29/2020 10:08:09 PM
[Open Threads] Bookworm Beat 10/29/2020 — Quick links to really interesting things

This is a post full of quick links to things I’ve seen on the internet, but don’t have time to write about with any depth.  Tonight is my “Instapundit imitation” night, although I’ll never match the wit and brevity that Glenn Reynold’s and his team bring to the table. Still,

The post Bookworm Beat 10/29/2020 — Quick links to really interesting things appeared first on Bookworm Room.

Published:10/29/2020 10:08:09 PM
[816a1cdc-a20a-5e30-8a2a-d52c2c6c6a58] Celebrities rip California's Gov. Newsom over coronavirus Thanksgiving rules The order requires the host of any private gathering to limit attendance to no more than three households and the duration to no more than two hours. Published:10/29/2020 10:08:09 PM
[Markets] "This Isn't Human!" - The 'Unseen' Perils Of COVID From "A Faceless Number In Melbourne" "This Isn't Human!" - The 'Unseen' Perils Of COVID From "A Faceless Number In Melbourne" Tyler Durden Thu, 10/29/2020 - 23:05

Authored by Thomas E. Woods, Jr. via The Mises Institute,

The Seen And Unseen Of COVID-19

[From the 2020 Supporters Summit, presented at the historic Jekyll Island Club Resort on Jekyll Island, Georgia, on October 9, 2020. Read and see the full lecture.] 

This is the intellectual level of the conversation [around covid-19]: You just want people do die.

How do you talk to somebody like that? So, in order to do that, I’m going to appeal to the above midwit-level population and I’m going to remind people of the important lesson in Henry Hazlitt’s great book Economics in One Lesson. This is a book that’s sold millions of copies and Hazlitt’s one lesson, as we all know in this room, is that if you’re going to evaluate an economic policy, it’s not enough to evaluate the short-term consequences for one earmarked group. Any blockhead can do that. If you want to know the long-term consequences or the real consequence of it, you look at the long-term effects on everybody, not the short-term effects on an earmarked group.

For example, suppose the government taxes the public to build a stadium. Well, the midwit will simply point to the stadium and say, “Hey, look at this wonderful thing that the government did. It’s a stadium.” And yes, we can all see with our physical eyes that there’s a stadium there, but they think that’s the entirety of the analysis: a stadium has somehow appeared. There’s no thought of costs, opportunity costs, where the money came from, where it would have gone otherwise—none of that is even considered, because those things can’t be seen with your physical eyes. To understand the fullness of the policy, you have to be able to think and see with your mind’s eye.

Likewise, with rent control people think, You impose rent control and people get lower rents, and that’s the entirety of the analysis as far as they’re concerned. There’s nothing further we need to consider. We just take these fat cats and just force them to lower rents, and then everybody gets lower rent and that’s, as far as the midwit is concerned, that’s the end of the discussion, because that’s what he sees with his physical eyes. But, for people capable of seeing with their mind’s eye, they ask other questions like, How many people are going to start building low-cost rental housing if they know that this ceiling has been imposed? There will obviously be far less housing built, which will make the problem of housing people worse. We also know that at these particular rates, you have a million people and surfeit of demand, so if you’re a landlord, you can be a jerk, you don’t have to fix that leaky pipe, you don’t have to do any maintenance, because if somebody’s upset about it, you got 8 million other people who would be very happy to take that person’s place.

So, in other words, if you see with your mind’s eye, you understand that rent control is a lot more complicated than just Duh, we forced them to lower the rent and it’s low for everybody. And in fact, if, for some reason, you wanted to lower rents through the means of government impositions, you would actually want to do the exact opposite of rent control. You would want to control every single price in the entire economy except rents, because that would make entrepreneurs not want to go into the production of anything other than rental property because everything else would be unprofitable. The one thing they could produce would be rental property, which would lead to a collapse in rental prices, which would be great for everybody. So, literally the opposite of what these people recommend would be the best thing. But the point is, we have to think about all the consequences for everybody.

Well, the same thing goes for public health, because my talk could be called “Public Health in One Lesson.” Because yes, if you simply focus monomaniacally on one virus, you might be able to say, Look at what we did for this one virus. You might be able to say that. I’m not even sure they can say that, but they might be able to say, Look what we’ve done for people with this one virus, and then, being midwits, they leave the discussion right there. They don’t bother to investigate the seventeen other aspects of health that have catastrophically collapsed because of that one thing they did. All they say is, look at what they did in the short run for this targeted group instead of saying, Look at the long-run consequences for everybody. And because they don’t look at that, it’s not even mentioned.

When was the last time Dr. Fauci, who is viewed superstitiously by everybody, even acknowledge that there are collateral damages from lockdowns, even mentioned them? Nothing. And so they’re, therefore, able to turn around and say, You just want people to die. Okay, well, let’s play that game. They want to play it, let’s play it. How about this? We know, for example, coming out of the UK, that there will be more likely to be at least as many, if not more, preventable cancer deaths than covid deaths because of the diversion of resources into covid and the panicking of everybody about it. And so we read Richard Sullivan, professor of cancer and global health at King’s College London, director of its Institute for Cancer Policy, saying “The number of deaths due to the disruption of cancer services is likely to outweigh the number of deaths from the coronavirus itself. The cessation and delay of cancer care will cause considerable avoidable suffering. Cancer screening services have stopped, which means we will miss our chance to catch many cancers when they are treatable and curable, such as cervical, bowel and breast. When we do restart normal service delivery after the lockdown is lifted, the backlog of cases will be a huge challenge to the healthcare system.”

We read on October 6 in the Daily Mail coming out of the UK, that health secretary Matt Hancock says, “Cancer patients may only be guaranteed treatment if COVID-19 stays under control.” How about that? This is the Daily Mail, which is much more honest than the American press. “Almost two and a half million people missed out on cancer screening, referrals or treatment at the height of lockdown—even though the NHS was never overwhelmed.” They had the honesty in the UK to say that. “Experts now fear the number of people dying as a result of delays triggered by the treatment of coronavirus patients could even end up being responsible for as many deaths as the pandemic itself.” Now, we won’t see that kind of effect right away. It’s not like a huge number of cancer patients are going to die immediately in 2020, but it does mean that people who might have lived an extra fifteen to twenty years, may live just another three or four, and we’ll see those numbers in the coming years.

Then we heard a United Nations report in April saying that “economic hardship generated by the radical interruptions of commerce could result in hundreds of thousands of additional child deaths in 2020.” UNICEF later increased that number to 1.2 million child deaths, and at Oxford University Professor Sunetra Gupta has reminded us several times, in recent weeks and months, of the UN’s prediction that as many as 130 million people could be at risk of starvation because of the lockdown, because of the possibility of famine in several dozen places around the world. Now who are the ones who don’t care about human life?

But, that’s not all, because in the United States in Oakland, California, we have Benjamin Miller of the Well Being Trust who tells us, as coauthor of a study on deaths of despair—so that’s drug or alcohol abuse or suicide—that an excess—that is to say, above what would normally occur—of 75,000 deaths will occur as a result of all this. Not to mention the CDC itself estimates that in the United States alone, there will be more than 93,000 excess noncovid deaths this year because of what’s been going on, including over 42,000 from cardiovascular conditions, over 10,000 from diabetes, and 3,600 from cancer. A recent UK study just out found that the risk of death was increased because of lockdowns by 53 percent among seniors with dementia and another 123 percent among seniors with severe mental illness. For four decades, India Nobel Peace laureate Kailash Stayarthi rescued thousands of children from slavery and human trafficking and he fears that that’s going to be reversed. He says the biggest threat is that millions of children may fall back into slavery, trafficking, child labor, child marriage. Well, with millions of families being pushed into poverty, they’re being pressured to do something, to put their children to work to make ends meet. So this is being done.

They’re trying these lockdowns even in the developing world, where people live hand to mouth. When you live hand to mouth, it means that every day you earn enough money to feed yourself for that day, and they’re being told to stay home for weeks and months. I think we see where this is going. Now, the people of Malawi, one of the poorest countries in the world, when they got wind of their government’s lockdown plans, they rose up and said, We’re not abiding by this. There will be no lockdown. And so there wasn’t. We could learn from them.

Even The Atlantic had to admit, “When you ask them to stay home, in many cases, you’re asking them to starve.” In the UK, The Telegraph says, “The absurd demand that developing countries adopt economically disastrous lockdowns is driving untold misery.” How often is that mentioned in the US? Ever? Any of our people ever mention that? No, it’s You want to kill people, because you want to live your life. Or because you don’t want two years of your kids’ lives taken away from them. Because now we’re being told, Maybe you can have your life back in the spring of 2022. Not fifteen days to flatten the curve, probably spring of 2022 you can start getting back all these pleasurable things that make life worth living. Okay. So, it seems to me that the crazies who think that public health should mean a monomaniacal fixation on one virus and then pretending that none of the other stuff is happening should have to answer for this a little bit more.

Now, some of this stuff that I’m talking about now appears in—wait for it—the free e-book I wrote on this subject: Your Facebook Friends Are Wrong about the Lockdown. They’re even wronger than you thought—wrong as wrong can be if you value human life and flourishing. So, in the United States, you can get this free book by just texting the word lockdown to the number 33444, and you’ll like it because it smashes these SOBs completely. Or you can get it at wrongaboutlockdown.com. Yes, I bought that domain, I was so happy to nab that one.

Not to mention that of course over the course of this people’s life savings have been depleted, their livelihoods have been destroyed and things that give their lives meaning and fulfillment abruptly removed. So, we’re supposed to believe that all that matters is just biological existence. And this prompts some interesting philosophical questions. If I could live to be 120 and enjoy robust health for all those years, but the price was we would destroy all the architectural treasures of Europe, we would abolish music altogether, and we would restrict social life to 5 percent of its formal level, would I choose that? Who would? Human happiness is not some optional extra. These things, like close, intimate relationships or so-called large gatherings, like concerts, theater, lectures, church, sporting events, the arts in general—if you think these are merely dispensable adjuncts to human life and flourishing, you have no business being in charge of anything. These are life itself, and as I’ve said in a previous talk, for anybody who performs in front of an audience—and particularly think about your children, dancers, musicians, athletes, magicians, comedians, singers, actors, whatever—they’re basically being told, Maybe you can never have this. Maybe you can never ever do what brings your soul happiness. And yeah, maybe we can’t have these until we have a vaccine, said Dr. Zeke Emanuel. “We may have to give up cherished things for a long time,” he says—things like schooling and income and contact with our friends and extended family for at least eighteen months. Maybe this talk could also be called “Get Bent.”

Well, another terrifying statistic came out recently, showing the grim if entirely predictable effects all this inhuman regimentation has been having on the young, particularly those between 18 and 24. Now, the federal government has a Substance Abuse and Mental Health Services Administration. And they, among other things, look at percentages of people who have considered suicide within the previous twelve months.

Now typically, before all these lockdowns occurred, in the 18–25 group, it fluctuates between just under 7 percent and 11 percent of those people have contemplated suicide in the previous 12 months. What we now know is that just in June—not twelve months, just one month—it’s now over 25 percent of them have contemplated suicide in just one month.

Now why is that?

We’ve taken away everything they love, deprived them of the opportunity to socialize and to experience those irreplaceable moments of youth and demanded they accept this dystopia as the new normal and tell them there’s something wrong with them if they long for normal human life, the kind that is lived by humans. Yeah, that’s selfish, that right there. That’s selfish.

One of my friends has a friend in Melbourne, Australia, which is under a severe lockdown. Here’s what this friend wrote:

It’s been three months since I saw another human face besides [my partner’s].

Seven months since [my partner] and I had a little break together in the form of going and having a coffee down the street.

Over a year since I last sat out in nature. Sitting staring at the wall for two hours, again, unable to move.

Despair

Horrible negative emotions virtually all day.

Awake and tired nights, distress.

I can’t think of anything to look forward to because I don’t know when we will be allowed to do anything.

Just go for a drive, go to the forest.

Just go somewhere together, far from all this.

We are not allowed.

The police could enter our homes at any point and arrest us if we say the “wrong” thing online. That has happened.

This doesn’t feel human.

I don’t smile.

I don’t laugh.

I worked out the other day and I felt nothing, no pain.

Nothing would register as pain.

I couldn’t feel anything.

I feel far away from myself.

Sometimes I forget how long the day has been going for.

Does it matter?

You’re not allowed to leave, even if family members are terminally ill. They could die before we are let out of Melbourne. We got told it isn’t a good enough reason to be let out.

You aren’t allowed more than five kilometers from your house.

You aren’t allowed to buy a takeaway coffee and sit under a tree or on the ground anywhere that isn’t your house.

This isn’t human.

This isn’t human.

This isn’t human.

This isn’t human.

There is no empathy here.

No price is too high.

Suicide is not too great a price to pay.

Self-harm is not too great a price to pay.

Structural brain changes in large portions of the population is not too high a price to pay.

Do you know what prolonged social isolation does to the brain?

We are made to feel it does not matter because all we are, are numbers.

We are not people; we are the masses without a say

Without a time period to look forward to when we can hug again

I am sharing my experience because you should know the truth.

Sincerely,

A faceless number in Melbourne.

Published:10/29/2020 10:08:08 PM
[] Is Trump's barnstorming tour helping him or hurting him? Published:10/29/2020 9:40:17 PM
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Published:10/29/2020 9:40:17 PM
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[Markets] Smith: A Biden Presidency Will Mean A Faster US Collapse Smith: A Biden Presidency Will Mean A Faster US Collapse Tyler Durden Thu, 10/29/2020 - 22:25

Authored by Brandon Smith via Alt-Market.us,

The election of 2020 is perhaps the most bizarre affair in modern American history; not since the post Civil War turmoil of reconstruction and the election of 1876 have we seen the nation divided so completely along ideological lines. Questions of states rights vs. federal power were at the forefront at that time, and the presence of federal troops in the American south was a primary voting concern. The Democrats were the party of the Confederacy, the Republicans were the party of the Union. Though they had lost the war, southerners were finding ways to strike back during the elections.

With the Republican party suffering from corruption allegations and public sentiment shifting against the federal occupation, the Democrats were gaining massive ground and a Democratic sweep was thought to be imminent. However, there were reports of ballot box fraud on BOTH sides of the aisle; in many voting districts the counted number of votes exceeded the number of people (often on the side of Republicans). Republicans sought to challenge poll results in closely contested states to stop the Democrats and former confederates from taking political power, a situation they considered to be a “potential national disaster”.

The election became a stalemate of legal battles and fraud investigations. Ultimately a deal was struck – The Republicans would take the White House and in exchange federal troops would be removed from the South (the Republicans knew that voting fraud on their side would be exposed and that another civil war could erupt in response). Ultimately, the votes did not matter in the case of a contested election; what mattered was which outcome was the most convenient for the stability of the day and the election result was maneuvered to that end.

(Special Note: If you try to learn more about the 1876 election, I recommend searching for articles and books that are more than 5-10 years old. Anything written in the past few years on the subject is rife with spin and disinformation. Just check out this article from Time Magazine and try to swim through the propaganda! The part where they attempt to explain why democrats used to be the party of the confederacy is especially hilarious – basically, the democrats of the past were more like the “racist republicans” of today. The communist penchant for rewriting history is on full display.)

Today, we have a different dynamic and a different priority for the establishment: Which outcome will lead to the biggest disaster, and who will take the blame? In contrast to 1876, I believe that in 2020 the elites are seeking to INCREASE the level of instability, not calm the waters. The mainstream media has launched a massive fear campaign hinting at a contested election and both sides of the aisle are accusing the other of encouraging ballot fraud. I have no doubt that whichever way the election goes, millions of Americans will refuse to accept the results.

To be clear, I don’t really view modern elections from the perspective of “winning” and “losing”. It’s hard for me to say exactly what was going on behind the curtain in 1876, but today I think it is foolish to engage in election analysis without first accepting the reality that the game is rigged. Biden is a full blown globalist and is proud of it; Trump is surrounded by globalists and banking elites in his own cabinet. Regardless of who loses the election, the elites win. The only question I am here to ask is, which candidate serves the globalist agenda most effectively right now?

My original prediction for the 2020 election this past summer was that the White House would go to Donald Trump, but under sharply contested conditions. I predicted Trump’s win in 2016 based on the premise that the establishment needed a conservative scapegoat for the impending collapse of the US economy as we know it along with the civil unrest and calamity this event would inspire. I stated unequivocally on numerous occasions that Trump would preside over America’s rapid decline and that conservative ideals and principles would be blamed by extension.

And behold, in 2020 this is exactly what is happening, with a pandemic and the implosion of the “Everything Bubble” now in full swing and the media placing it all in the lap of Trump and conservatives.

Now, whether or not people believe this tripe is another matter. As it stands, the worst hit states economically are states controlled by leftist politicians that are enforcing draconian lockdown restrictions on the public. States populated predominantly by conservatives are fairing much better overall.

The bottom line is, which outcome serves the establishment narrative? Do the elites need Trump in office longer in order to crash the system completely on his watch? I believe this is the case. Like Clinton, Biden represents one of the worst possible candidates that could have been chosen as a believable opponent for Trump if the intent is to remove Trump from the Oval Office. His odd mental breaks, embarrassing gaffs, his habit of being creepily over-familiar with women and young girls and his exposure to corruption through foreign ties make him a poor contender.

To be sure, democrats and leftists will vote for him anyway out of spite, but I have a hard time seeing him rallying a wide cross section of Americans that would give him an edge. If the establishment wanted to be rid off Trump, they could have chosen better.

But what if I’m wrong and a Biden presidency is forthcoming? What if ballots are rigged to one side, as they were in 1876? What if a contested election leads to an “agreement” in which Trump steps down? What would it mean to have Biden in the White House?

Well, the US system as we know it is going to fall either way, at least in terms of the economy. This is a process that was initiated many years ago, with the impetus of financial bubbles hitting disaster proportions in 2008. Nothing has improved since then; in fact, the central bank bailouts and stimulus measures only INCREASED the likelihood of a collapse event by inflating corporate and national debt levels while simultaneously diminishing the buying power of the dollar. The only difference between Trump and Biden in this regard is how fast the collapse will happen.

With Trump, the crash will most likely happen slower and more methodically as the establishment takes its time building the narrative that conservative ideals, nationalism, sovereignty movements, etc. “caused” the calamity.

They need time to condition the masses to the idea that such philosophies are “inherently selfish” and destructive. Meaning, at least with Trump, we have a little more time to prepare for the inevitable.

With Biden in office the time frame changes completely and the crash must move faster. Why? Because the globalists cannot allow a Biden Administration (and by extension the globalists themselves) to be labeled as the culprits behind the crash. They would have to expedite the downturn in the early months of Biden’s first term so that the media can claim the crisis is an aftereffect of Trump’s presidency.

If Biden does enter the White House in 2021, expect a hard plunge in economic fundamentals almost immediately.

Another factor of a Biden presidency would be the near certainty of federally enforced pandemic lockdowns similar to those now being implemented in countries like France and Germany. Forget about the current state-by-state lockdown orders and nuances; Biden WILL attempt a national lockdown mandate because he is not held back by a need to appeal to a conservative and liberty minded constituency like Trump is. Biden will go for broke, and the economy will take another massive hit as more businesses go into bankruptcy at breakneck speed. And again, this would have to be implemented quickly so that Trump and conservatives can be blamed. They will claim harsh lockdowns “have to be pursued” because conservatives refused to accept them during the early stages of the pandemic.

In light of a Trump “win”, it is obvious that a second term would be used as an invitation for mass demonstrations and riots by extreme leftists, but, this threat doesn’t go away with Biden in office. Actually, the riots may become worse under Biden. The social justice cult will see Biden as a “malleable” and easily controlled political figure who will do anything to appease them. Biden will placate the hard left; not because he fears them, but because he has a role to play in this great Kabuki theater and it serves the interests of the globalist agenda at the moment.

Finally, if the establishment puts Biden in the White House it means they want national gun restrictions or outright confiscation within the first couple years of his term. Biden’s anti-2nd Amendment views are hardly ambiguous. With Trump, the chances of a gun grab are much slimmer (though he has voiced support for Red Flag laws in the past). Under Biden, the gun grab attempt will be swift. This threat along with Level 4 lockdowns on a national level would elicit the only logical response for conservatives – armed rebellion.

I do not think this is what the globalists want at this point in time. I do not think they have the capacity to handle it, and I do not think they would be able to get a majority of law enforcement and the military to go along with such policies. This is why I continue to believe they prefer Trump in office and that they will use economic decline and the “failure” of conservative policies as a false rationale for the “global reset” the elites seem to be so excited about.

Be warned, however, that if Biden ends up in office, this should be treated as a sign that a high speed collapse is on the way.

*  *  *

If you would like to support the work that Alt-Market does while also receiving content on advanced tactics for defeating the globalist agenda, subscribe to our exclusive newsletter The Wild Bunch Dispatch.  Learn more about it HERE.

Published:10/29/2020 9:40:17 PM
[topics:people/kanye-west] Kim Kardashian shares talking hologram of her late father given to her by Kanye West Published:10/29/2020 9:40:17 PM
[2020 Election] Appeals Court Strikes Down Minn. Dems’ Mail-In Scheme

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The post Appeals Court Strikes Down Minn. Dems’ Mail-In Scheme appeared first on Washington Free Beacon.

Published:10/29/2020 9:40:17 PM
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[Markets] Welcome To COVID-World Welcome To COVID-World Tyler Durden Thu, 10/29/2020 - 21:45

Authored by Ian James Kidd and Matthew Ratcliffe via TheCritic.co.uk,

On 8 September, the World Health Organisation (WHO) warned of a deadly condition that is likely to kill around 11 million people worldwide every year.

This includes 2.9 million deaths among children, most of which are preventable. Given these awful projections, it is surely clear that urgent action is needed: social distancing; facemasks; lockdowns; unprecedented investment in vaccine development.

But that wouldn’t address the problem, because we’re talking about sepsis, something that affects 49 million people annually and also leaves many survivors with long-term health problems.

While its press release about sepsis received little media attention, the WHO’s subsequent warning that Covid-19’s global death toll could reach 2 million, even if a vaccine is found, was awarded a prominent position on the BBC News website and elsewhere.

So which should we be more worried about and where should our efforts be invested so as to minimise suffering, long-term illness and deaths?

The emphasis has been placed firmly on prevention of Covid-19 deaths, most of which involve elderly people with significant comorbidities. Forget about sepsis. Forget about numerous other serious and preventable diseases.

And while we’re at it, let’s also set aside the enormous and wide-ranging collateral damage caused by lockdowns and other measures: deaths due to other diseases that were left undiagnosed or untreated; widespread mental health problems; the health and well-being costs of unemployment and poverty; massive disruption of education; countless precious life-moments lost that can never be recovered; traumatic birth experiences; increased domestic abuse; and many people living out the last few months of their lives in isolation and misery, after which friends and relatives feel unable to grieve properly due to social distancing measures. And that’s without even looking beyond the UK.

Perhaps, when the costs of responding to Covid-19 by doing nothing or doing less are considered carefully, it will become clear that the emphasis is appropriate and the costs justified. Nevertheless, there is surely room for public disagreement and debate. How great a risk does the disease pose, compared to other risks that are routinely accepted? Is locking down entire populations a proportionate or morally justifiable response? These are some of the questions important to a robust public debate.

Academic philosophers, such as us, like to question assumptions, consider alternative perspectives and find holes in arguments. However, in questioning the orthodox Covid-19 narrative (according to which there is an unprecedented threat, best dealt with via extreme social restrictions), we are rarely met with careful consideration and counterarguments. More often, we get awkward looks, expressions of discomfort or disapproval, and a steadfast refusal to even contemplate the possibility of certain claims being mistaken or certain actions misguided.

Sometimes, there is the feeling of being estranged from it all, watching — with detached curiosity — the dedicated social-distancing and confident virtue-signalling of those evidently immune from doubt. They know what is happening; they know what is right; they know what to do. How easy it would be to set aside any remaining doubts, immerse oneself fully in these performances, and — with time — recover a sense of solidarity and certainty.

That said, there must be a place for honest, high-quality, critical debate, especially at a time like this, involving considerable uncertainty and extremely high stakes. So, rather than falling in line, we instead want to offer a diagnosis of others’ confidence. Why do so many people appear reluctant to even consider the possibility that lockdowns might be ineffective or inappropriate responses to the situation, that the widespread imposition of non-medical facemasks is based on inadequate evidence, and that the costs of certain measures, in terms of lives lost or blighted, may turn out to be higher than the gains?

We could point to an assortment of reasoning biases at work here, some of which play an especially prominent role in situations of uncertainty and threat. Think of the availability bias, for instance: the prospect of being attacked by a shark while swimming may be considerably more worrying than that of being run over while crossing the road to the beach, although the latter is more likely.

However, there is also an overarching shortcoming that unites various biases, one that we see time and time again: a failure to consider things in their wider context. Granted, the virus is a serious problem, but how does it compare to other threats we face? Perhaps we do need to lock down our societies to slow the rate of transmission, but are such radical steps consistent with how various other kinds of risks are appraised? It is clear that non-medical facemasks reduce the spread of large droplets, but simple interventions can have complex effects in the context of actual social environments. Is it really so obvious that the various behavioural changes they elicit will collectively serve to reduce transmission?

it is difficult to address such questions when Covid deaths are reported without any reference to all-cause mortality, when mask-wearing is presented as obviously right, and when calls for cost-benefit analyses are met with quiet disapproval or blunt charges of callousness, as though this were a straightforward matter of deciding to save lives or instead to protect the economy.

Sometimes, it can feel as though one’s interlocutors live in another world, a place where different rules and standards apply, where different things seem obvious, and where certain facts are not up for debate at all. They operate with different sets of certainties, in ways that lock out the possibility of critical discussion. We think this may actually be what is happening: there really is a way in which many people have come to inhabit a different world. Let’s explore the idea further.

Back in 1889, the philosopher and psychologist William James suggested that, during the course of our lives, we slide between different “worlds” or “sub-universes”, including the worlds of “sense”, “science”, “the supernatural”, “individual opinion”, and “sheer madness”. These worlds are connected to varying degrees, although immersion in one can lead one to lose sight of others. According to James, all of us place the flag of truth in one or another of these worlds, taking it to be our “world of ultimate realities”. It is not something we seek evidence for or subject to critical scrutiny. Rather, it is a context we take as given when thinking through matters and weighing up evidence.

Consider how, during the course of daily life, some things appear more salient than others — they light up for us, stand out, grab our attention. These things also matter to us in different ways: maybe they excite us, threaten us, comfort us, draw us in, or repel us. Whether and how we find various things salient or significant depends on our projects, commitments, and values, which become engrained over many years and operate as a lens through which we see and think about everything. But there is more to having a world than having such a lens, and recognising this takes us closer to understanding certain reactions to the pandemic.

For James, what is most fundamental is an underlying, inarticulate feeling of how things are. This includes a deeply-felt sense of the essential character of the world, whether it is fundamentally good or bad, what is up for debate and what is to be accepted without question. Also included is a sense of the kinds of people we should take seriously in our personal efforts to understand things. For instance, writing a few years earlier, James describes his philosophical opponent, the rationalist, as inhabiting a world that is too crisp, clean, simplified, and abstract — “too buttoned-up … and clean-shaven” to capture “the vast slow-breathing unconscious Kosmos”.

We suspect that many people have slipped into a sort of “Covidworld” and moved the flag of truth to that world, via a process that resembles religious conversion more than it does the adoption of new beliefs that remain open to critical scrutiny. As the philosopher Ludwig Wittgenstein once put it, some people get converted to a very different “picture of the world”, complete with its own certainties, practices and ways of speaking.

To understand how this could have happened, consider the swift and profound effects that the March lockdown had on our practically meaningful worlds. Intricate webs of well-established projects and pastimes were suddenly suspended or lost. Work stopped or changed radically. Over the ensuing months, our everyday habits of life were replaced with something new and unfamiliar.

More usually, our efforts to cope with profound life-disruptions and negotiate instability involve turning to other people for advice, guidance, and support. When this works, our interrupted sense of what is compelling or reasonable is renewed and our sense of stability returns. Lockdown reduced this kind of support, as we were all affected by it and cut off from many of our usual social interactions. Constantly subjected to the mantra, “stay at home; protect the NHS; save lives”, the variety and spontaneity of our collective social life was replaced by the clapping, the rainbows, the daily government briefings, the charts of new cases and deaths, the burgeoning signage telling us all to keep our distance, the arrows on the pavements, and the social media bombardment. Then came facemasks, the threat of Long Covid, socially distanced classrooms, ominous predictions of a “second wave”, an increasingly elaborate set of new restrictions, a tier system, and calls for circuit-breakers.

Along with all of this, there has been a subtler and more pervasive alteration in many people’s sense of how things are with the world. It is no longer homely in the way it once was. Everything is shrouded in danger and distrust. A world that was once a theatre of possibilities is now suffused with an air of dread. People we might once have passed on the street with a smile or a nod are now experienced as potential disease carriers, to be met with suspicion or avoided.

In the context of this altered way of finding ourselves in the world, a new system of rules, projects, practices and pastimes has taken hold. Fear of the virus is the single fulcrum around which everything now turns, shaping our attention, concerns, conversations, and activities. For many, the world feels altogether different, like the inevitable onset of a winter that must be endured with grim resignation.

Over time, Covidworld tightens its grip, eclipsing all other concerns. It reminds us of Wittgenstein’s example of a culture dominated by belief in a Last Judgment, a conviction expressed “not by reasoning or by appeal to ordinary grounds for belief”, but through its role in “regulating” all aspects of life. Similarly, Covidworld offers a simple, internally coherent substitute for the messier and more complicated reality we once inhabited.

A reluctance on the part of many people to engage in serious debate can be understood in terms of the transition into this different world, a place complete with its own foundational beliefs and performances. Lockdowns work; masks lessen transmission; the second wave is an unacceptable threat and must be suppressed.

Since all of this is beyond doubt, questions about the adequacy of evidence are often reinterpreted in moral terms and dismissed as irresponsible acts of “covidiocy”. Many of those who would more usually insist on examining alternative possibilities or challenge the party line now fall strangely silent. Lack of critical reflection is further fuelled by a distrust of those who do not belong to Covidworld.

Granted, there are conspiracy-mongers who fail to grasp that 5G masts cannot spread viruses, but there are also those who ask questions that really ought to be seen as sensible, like whether a range of social restrictions are proportionate, in view of their human, social, and economic costs. For those firmly embedded in Covidworld, however, such questions may seem no less far-fetched than that of someone who seriously wonders whether the world is just a dream. The flag of truth now flies in Covidworld; it is not a place to be questioned, but the place within which questioning takes place.

Could something like this really be happening? We think so. It would certainly explain a curious detachment of the standards applied to Covid-19 from standards normally applied elsewhere, especially concerning attitudes towards risk. The world has always been a tough place to live in. Our sense of safety and security could be shattered at any time by accident, serious illness, loss of abilities, bereavement, mistreatment at the hands of others, unemployment, failure, or humiliation. And, whatever else happens, death will catch up with us eventually.

Ordinarily, most of us don’t pay much attention to the risks we face, instead sleepwalking past them until they strike. Yet we still know, in a sort of detached way, that more than 10,000 people die most weeks in the UK, that many of those deaths are preventable, that influenza kills thousands of people every winter, and that many human lives are constantly marred by disease, poverty, neglect and cruelty. The Covid-19 pandemic has shone a light on the death and suffering caused by the virus, but at the same time eclipsed other concerns. Yes, this is really horrible, but things have always been horrible. Shine the light more widely and you will find much more of the same.

Even allowing that Covid-19 is a significantly greater risk to many people than, say, influenza, there remains a curious disconnection between attitudes towards risk in the two cases. Winter flu deaths have been an accepted part of life for many years, while Covid-19 takes centre-stage. What seems different now is that the rules, standards, practices, values, and attitudes internal to Covidworld have become cut off, to varying degrees, from the wider context of human life.

One might respond that we should have been more concerned about influenza all along and that we should have taken more care with easily implementable hygiene measures long ago. That is right and there are lessons to be learned. Similarly, there are good grounds for suggesting that more should be done to tackle sepsis.

But what would happen if we eliminated all of the inconsistency by taking the standards applied to Covid-19 and applying them to every other form of risk?

The social world would come to present itself as an all-enveloping threat, a harsh realm within which life would be intolerable.

Human life is replete with risks, but we manage them by making judgments shaped by a sense of salience and proportionality, rooted in the wider context of our social world. That is why it is important to understand and challenge the widespread decontextualisation that attends Covid-19. However, the extent of this challenge should not be underestimated. When the gulf seems somehow too vast for critical debate to get off the ground, when you are struck by the uncanny feeling of encountering a perspective that is quite alien, maybe that’s because they really are from another world.

Published:10/29/2020 9:00:28 PM
[Uncategorized] Over 99% of Cornell Faculty Political Donations Go To Democrats And Liberal PACs

“This lack of faculty intellectual and political diversity is a reality ignored by the university administration in its various diversity initiatives.”

The post Over 99% of Cornell Faculty Political Donations Go To Democrats And Liberal PACs first appeared on Le·gal In·sur·rec·tion.

Published:10/29/2020 9:00:28 PM
[39d61184-8120-5763-8371-39a9e7e2cb21] Tucker Carlson: How UPS explained the missing Biden family documents, and a word about Hunter 'Tucker Carlson Tonight' host asks: How did our flash drive get separated from the package that we sent it in? Published:10/29/2020 9:00:28 PM
[] 'We still have a lot of questions': Tucker Carlson gives an update on the Hunter Biden docs that were shipped, lost, then 'suddenly reappeared' Published:10/29/2020 8:31:25 PM
[Markets] MarketWatch First Take: Apple, Amazon, Facebook and Google all produce record sales amid Big Tech backlash In a repeat from last quarter, tech's Big Four reported record revenue amid further regulatory scrutiny, a congressional grilling and the coronavirus pandemic. But investors got the jitters by cautious comments, lack of revenue outlook by some, and higher expenses related to COVID-19.
Published:10/29/2020 8:31:25 PM
[e7874c94-9901-5daf-8630-4778ba5f4819] Kanye West gifts Kim Kardashian a hologram of her late father, Robert Kardashian, for her 40th birthday Robert Kardashian died of cancer in 2003. Published:10/29/2020 8:31:24 PM
[Politics] Trump Gives Award to Unit in Al-Baghdadi Raid President Donald Trump presented a citation to a U.S. Army unit involved in the raid against the leader of the Islamic State. Trump presented a citation to the Army Special Operations unit that carried out the raid that killed the Islamic State leader Abu Bakr al-Baghdadi,... Published:10/29/2020 8:31:24 PM
[Politics] WATCH: Woman at Trump rally ripped up Pelosi, Schumer, and Schiff photos on camera! A woman at today’s Trump rally ripped up photos of Pelosi, Schumer, and Schiff, all while she was standing behind Trump: An attendee at President Trump's rally tore up photos of Speaker . . . Published:10/29/2020 8:31:24 PM
[Politics] WATCH: Woman at Trump rally ripped up Pelosi, Schumer, and Schiff photos on camera! A woman at today’s Trump rally ripped up photos of Pelosi, Schumer, and Schiff, all while she was standing behind Trump: An attendee at President Trump's rally tore up photos of Speaker . . . Published:10/29/2020 8:31:24 PM
[Markets] WeWork CEO Says Company Will Give IPO Another Shot After Anticipated Return To Profitability In 2021 WeWork CEO Says Company Will Give IPO Another Shot After Anticipated Return To Profitability In 2021 Tyler Durden Thu, 10/29/2020 - 21:25

Earlier today, the FT reported on new discovery evidence showing that SoftBank's Masayoshi Son essentially ordered WeWork's CEO to postpone a $3 billion tender offer for shares held by WeWork founder Adam Neumann and a group of early WeWork investors. For months now, WeWork related news has consisted mostly of back-and-forth related to the lawsuit, and musings about how the coronavirus couldn't have arrived at a worse time for the company.

A week ago, Fitch projected that even though WeWork's cash burn rate had been cut by nearly 40% between 2019 and 2020 under the new management team, the ratings agency still downgraded the company, arguing that the virus and its aftermath could threaten the company's ability to continue making debt payments for bonds that are due to be paid back in 2025.

While those bonds have repriced substantially lower over the past year, there's been whispers about SoftBank planning a SPAC, possibly with the intention of giving WeWork another go at it.

Well, in the most telling sign yet that SoftBank founder Masayoshi Son might be coming back to give WeWork another shot, the Telegraph is reporting that WeWork is considering making a second attempt at an IPO in the not-too-distant future as it projects to finally become "profitable" in 2021.

Sandeep Mathrani, who joined the office space rental business in February, told Bloomberg that the business is on track to become profitable next year after it laid off around a third of employees.

"I’m a big believer in one step at a time so let’s hit profitable growth first, and we’ll then revisit the IPO plan,” he said.

Mr Mathrani said the company does not have any plans to lay off more staff, saying that WeWork is "100pc done with rightsizing.

The business saw occupancy rates of 66pc in the first three months of 2020, according to its chief executive. "With the cost cuts that would be where we see cash coming in," he said. "We will get to that level by next year."

To be sure, the Telegraph didn't specify if this "profitability" metric would be net profit, or some kind of "community adjusted" profitability that aims to project how profitable WeWork would have been if it the virus had never hit - or something like that (for more on this topic, see this interview with Berkshire Hathaway's Charlie Munger from earlier this year).

Mathrani also said he's still in contact with his predecessor, despite the ongoing and increasingly acrimonious lawsuit mentioned above. "We chitchat twice a month and the conversation is about the business," Mathrani said. "He wants to know how I'm doing".

Of course, if Neumann loses his lawsuit and gets stuck with his WeWork shares, a miraculous turnaround would be the only way for him to ever that third comma back to his net worth. As of now, the company's executive chairman, Marcelo Claure, is insisting that the business won't go bankrupt.

We must admit, the notion of a WeWork comeback sounds pretty unlikely considering the shellacking the company took in the business press. But as the last few years have taught us, anything is possible in this wacky world. Especially if the Fed's money taps are still running when the dust has settled.

Published:10/29/2020 8:31:24 PM
[2020 Election] Which way will the Senate go? (Paul Mirengoff) John says we will be making election predictions on our VIP Live program tomorrow night (8:00 p.m. Eastern Time), and he runs the show. Therefore, I figured I should bone up on the Senate races, in case John goes there. FiveThirtyEight failed to predict Donald Trump’s victory in 2016, but has a decent record of forecasting Senate races. Its analysis of the polls finds that the election will probably put Published:10/29/2020 8:31:24 PM
[] Report: Elizabeth Warren will lobby Biden to become Treasury secretary Published:10/29/2020 8:05:07 PM
[Politics] Ga. Sen. Perdue Pulls Out of Sunday Debate to Rally With Trump Georgia's final Senate debate between GOP Sen. David Perdue and Democrat Jon Ossoff was canceled Thursday, after Perdue pulled out of Sunday's scheduled event so he could instead rally with President Donald Trump, the Atlanta Journal-Constitution reported.The race between... Published:10/29/2020 8:05:07 PM
[Entertainment] Superstore's Nico Santos On Keeping the Humor Amid the Pandemic Reality SuperstoreSuperstore is back and facing the pandemic head on. Production on the NBC comedy got shut down in the spring with just one episode left to shoot, and it was a big one. The season five...
Published:10/29/2020 8:05:07 PM
[Markets] "A Long Slog" - NYC Recovery Lags Rest Of Country As Downturn Could Last Years "A Long Slog" - NYC Recovery Lags Rest Of Country As Downturn Could Last Years Tyler Durden Thu, 10/29/2020 - 20:45

While the virus pandemic depression is over, the conventional recession could be nearing as economic growth falters. The fiscal cliff will soon enter the third month; high unemployment is rampant and small and mid-sized businesses remain in financial distress as daily virus caseloads hit new record highs.

For some economic realities, one that is far from President Trump's "V-shaped" recovery narrative, Mark Zandi, the chief economist for Moody's Analytics, told NYT the US economy "is going to be a long slog" from here, with estimates of a downturn lasting until 2023. 

A multi-year downturn comes as no surprise following one of the steepest economic contractions in history. Zandi also examined NYC, the largest municipal and regional economy in the US, only to discover a recovery might not be seen until 2025:

"This is an event that struck right at the heart of New York's comparative advantages," Zandi said. "Being globally oriented, being stacked up in skyscrapers and packed together in stadiums: the very thing that made New York the pandemic undermined New York, was upended by it." 

Zandi said NYC's recovery could take two years longer than the rest of the country as the virus-induced downturn has severely damaged five key industries - restaurants, hotels, the arts, transportation, and building services - most of which heavily rely on travel and tourism. 

For more color on the recovery, high-frequency data from Opportunity Insights shows the percentage change in all consumer spending on a national level is still below March levels, even though the federal government helicopter dropped stimulus checks to tens of millions of Americans. 

Percent change in small business revenue on a national level shows a muted recovery. 

The national employment picture is not a good one, as well.

Employment claims could be ready to turn up as a double-dip recession could be nearing. 

What's happening now is the awesome recovery narrative touted by President Trump and Wall Street are quickly fading as stimulus hopes collapse. 

Published:10/29/2020 8:05:07 PM
[eb4d3409-207c-558b-b4f2-f6d3c2c075d6] Cameron Diaz teases she has to 'live to be' 107 after having a baby 'in the second half' of her life The "Charlie's Angels" star welcomed daughter Raddix at age 47 with husband Benji Madden. Published:10/29/2020 8:05:07 PM
[] Marines assure Washington Post correspondent Marine One wasn't 'swooping over rally crowds' Published:10/29/2020 7:29:37 PM
[Markets] : Apple to launch its subscription bundle, Apple One, on Friday Prices for Apple One will range from $15 a month to $30 a month, with a 30-day free trial for new services.
Published:10/29/2020 7:29:37 PM
[Entertainment] These Rain-Soaked New Yorkers Were Surprised By Paul Rudd While Waiting in Line to Vote Paul Rudd, 2019 Academy AwardsBad weather didn't get these New Yorkers down, thanks to a little visit from Paul Rudd. On Oct. 29, the Ant-Man star stopped by the Barclays center in Brooklyn, where hoards of New...
Published:10/29/2020 7:29:37 PM
[Politics] Trump Gives Sen. McSally 'One Minute' On Stage At Arizona Rally President Donald Trump gave the bum's rush to Sen. Martha McSally, R-Ariz., at a campaign rally, calling her up to the stage, telling her to make it "quick," and giving her a "minute" to deliver, video of the event in Goodyear, Ariz. shows. Published:10/29/2020 7:29:36 PM
[8132a2e2-8965-52b5-8a15-7fcbeca5fbb7] Sen. Mike Lee: Big Tech companies falsely claim no bias against conservatives — they may be violating law Each of these Big Tech CEOs has made public statements claiming to operate his company without political bias. Clearly, that is false. These claims make me think there is a good case to be made that these companies are engaging in “unfair or deceptive trade practices” in violation of federal law. Published:10/29/2020 7:29:36 PM
[National Security] U.S. Pursues Strategic Partnership With Greenland and Denmark

National security adviser Robert O’Brien announced on Thursday a burgeoning strategic partnership with Greenland and Denmark, representing progress in the U.S. effort to gain a foothold in the increasingly contested Arctic region.

The post U.S. Pursues Strategic Partnership With Greenland and Denmark appeared first on Washington Free Beacon.

Published:10/29/2020 7:29:36 PM
[af5a222c-f3c3-5067-9b7f-38e6b8ce5135] Lil Wayne reveals 'great meeting' with Trump, prompting Twitter users to respond Lil Wayne made a big splash on Twitter after he revealed that he met with President Trump, sharing a friendly photo the two of them took together.  Published:10/29/2020 7:29:36 PM
[Free to Move] [Ilya Somin] Video of R Street Institute Event with Two Ilyas—Myself and Ilya Shapiro Speaking about Our New Books We discuss my book "Free to Move: Foot Voting, Migration, and Political Freedom," and his "Supreme Disorder: The Politics of America's Highest Court." Published:10/29/2020 7:29:36 PM
[Apps] WhatsApp is now delivering roughly 100 billion messages a day WhatsApp, the popular instant messaging app owned by Facebook, is now delivering roughly 100 billion messages a day, company’s chief executive Mark Zuckerberg said at the quarterly earnings call Thursday. For some perspective, users exchanged 100 billion messages on WhatsApp on last New Year’s Eve. That is the day when WhatsApp tops its engagement figures, […] Published:10/29/2020 7:29:36 PM
[Markets] Von Greyerz: "Get Ready For The Biggest Collapse In Human History" Von Greyerz: "Get Ready For The Biggest Collapse In Human History" Tyler Durden Thu, 10/29/2020 - 20:25

Authored by Egon von Greyerz via GoldSwitzerland.com,

Liftoff & Collapse

Get ready for the biggest collapse in the history of mankind. It will be devastating and reach all parts of society, economic, financial, political & social.

But wait, it won’t happen just yet. Because before that the world will experience a LIFTOFF in markets of gigantic proportions. This will be the grand finale of this financial era. It will involve inflationary liquidity injections of proportions never seen before in history and lead to a massive explosion in many asset markets.

Most investment assets will benefit as the disconnect between markets and reality grows to distortionary proportions.

TRUMP – YOU WIN! BIDEN – YOU WIN!

So there we have it. For investors the outcome of this election is totally irrelevant. In four years time, the difference for the economy and markets between a Trump or Biden victory will be insignificant.

Either one of them only has one choice. They are both facing a bankrupt country which has been running budget deficits since 1930 with four years of exception in the 1940s-50s. The Clinton surpluses were fake. Also, the US has had trade deficits for almost 50 years. The consequence has been an exponentially surging debt which was under $1 trillion when Reagan became President in 1981 and is now $27t. In the next four years, a $40t debt is guaranteed as I forecast four years ago but as the financial system implodes, the debt could easily run into $100s of trillions or $ quadrillions when the derivative bubble bursts.

The global financial system should have collapsed already in 2006-9 but the central banks managed to delay the inevitable demise for over a decade.

SUPER CYCLE BULL MARKETS END IN EUPHORIA

What we must understand is that the end of an economic supercycle doesn’t happen quietly. No, the conditions need to be uber-euphoric with maximum bullishness for the economy and stocks. This means that before this era is over, markets must surge in the final months, even double over a 9-18 months period.

Multiple factors are now in place for this to happen. Firstly both presidential candidates will need not just fistfuls of dollars but quantum computers that can print the required trillions and quadrillions of dollars.

The convenient excuse they have is of course Covid. Individuals not working need money, companies need money, municipalities, states and the Federal government need money.

But we mustn’t forget how the end of the final phase of this economic era started. This was back in Aug-Sep 2019 when the Fed and the ECB shouted out from the roof tops that were going to do what it takes to save the system. They didn’t tell us what the problems were, but it was clear to some of us who understood the fragility of the financial system that it was in dire straits. When the last crisis started in 2006, the Fed’s balance sheet was $830b. At the end of the Great Financial Crisis in 2009, the balance sheet had grown to $2t.

But no one must believe that the problem had been solved by 2009. All it was, was a temporary stay of execution. Why otherwise would the Fed’s balance sheet have grown by another $5t since 2009. Just looking at the predicted budget deficits in the next 4 years, plus accelerating problems in the financial system the Fed’s balance sheet is likely to explode in coming years.

LIQUIDITY INJECTIONS WILL GIVE SHORT TERM BENEFIT TO THE ECONOMY

So the conditions are in place for the biggest liquidity injection in financial history. For many years we have experienced a total disconnect between economic reality and markets. The coming acceleration in money printing and liquidity injections in to the financial system will be so overwhelming that it will not just fuel markets but also give a short term, albeit artificial, boost to the economy.

This is a typical course of events at the beginning of an inflationary phase which leads to hyperinflation as the currency collapses.

The paralysation of the world economy due to Covid will probably peak with the current second wave and therefore add to the optimism in markets. But no one must believe that the pandemic is the cause of the problems in the world economy. No, it has just been a very vicious catalyst which hit an already fragile financial system.

When Covid gradually slows down, the initial optimism combined with the flooding of the system with printed money might last for a year or so. But as the world realises that you cannot solve a debt problem with more debt, the real difficulties in the economy and the financial system will reemerge with a vengeance.

FROM BOOM TO BUST

So let us look at a possible scenario of events following the election:

New president will flood the economy with money & boost stocks

Initial market volatility will settle down quickly and investors will respond optimistically to the new president’s promises of support to every corner of the economy.

Stock markets will surge and could double over a 9-18 month period. No cash will be left on the sidelines. Both institutions and retail investors will throw all the cash they have at the stock market. There will be a frenzy which will surpass the tech stock boom in the 1990s. There will be fanfares and blazing guns as the market seems unstoppable.

But after the likely short-term boom, there will be tears as markets fall by over 90% in real terms. And sadly most investors will ride the stock market all the way down. The big difference this time is that central banks will not and cannot save them.

COMMODITIES WILL BOOM

The biggest beneficiary of this coming boom will be commodity markets which are at a 50 year low versus stocks. Looking at the chart below, the minimum target would be commodities outperforming stocks by 4 to 1. Eventually a new high in commodities against stocks is likely. This would mean commodities outperforming stocks by 20x. The first part of this outperformance will come as stock markets rise. But the final phase will be when general stock markets collapse and commodities continue to strengthen. Goldman Sachs expect commodities to rise 28% in 2021. They expect inflation plus a commodities deficit will drive prices higher. And this is of course what the chart below tells us.

PRECIOUS METALS WILL SHINE

Gold, silver and platinum will vastly outperform stocks. The Dow – Gold ratio will initially reach 1 to 1 where it was in 1980 when gold was $850 and the Dow index 850. Eventually the ratio will reach at least 0.5 to 1 which means that the Dow will lose 97% against gold in the next five years.

Goldman Sachs expects gold to reach $2,300 in 2021 but I believe that target is too conservative. Before gold breaks out above the August high at $2,074, a correction down to $1,800-20 is possible and would not change gold’s unstoppable rise. In this latest phase, gold is in a bull market or more correctly, the currencies are in a bear market since 1999. The continued debasement of the currencies is guaranteed by the central banks since they only have one option – TO PRINT AND PRINT AND PRINT until money dies.

We must remember that gold is the king of the metals and therefore the safest precious metal to hold. But initially at least, silver and platinum will strongly outperform gold but with massive volatility.

Vital to hold physical metals stored in safe vaults in the investor’s name, outside the banking system. It is important not to forget that the risks in the financial system will be at a maximum for the next few years and a failure can happen at any time.

PRECIOUS METALS MINING STOCKS

For the smart investor, this is where more money will be made than in any area of stocks or other investments. Especially the juniors will really shine. But this is a market for specialists. So either best to follow some of the smartest investors in this area or to buy an index of these stocks. There will be many 10-20 baggers and even some 100 baggers but obviously also some losers. So important to have a spread.

The biggest risk with mining stocks is that they are normally held within the financial system. So even though they are a terrific investment opportunity, they are not the best form of wealth preservation. Therefore it is safer to have a much bigger allocation to the physical metals which, even though they will underperform the mining stocks, will see massive capital appreciation.

The chart below shows XAU gold – silver index against the Dow since 1983 when the XAU was introduced. Since then the XAU has lost 95% against the Dow. This fall is likely to be reversed in the next few years with the XAU going up 20x against the Dow . For Dow investors this means losing 95% against mining stocks.

And sadly, this is what will happen to 99% of investors as they stick to their ordinary stocks and miss the most incredible opportunity.

DOLLAR

Printing unlimited amounts of money always has consequences. Since 1971 the dollar has lost 98% in real terms which means against gold since gold is the only money that has survived in history.

The dollar is now starting its final journey to ZERO and as the table shows, even a weak and artificial currency like the euro will outperform the doomed dollar.

A falling dollar will accelerate US inflation until it leads to hyperinflation.

INTEREST RATES

Interest market is probably the most contrarian of all trades today. The whole investment world, including the Fed and the ECB believe that rates will stay at zero or below for years to come. Normally when consensus is that strong, the opposite is more likely to happen.

Also, rising a weaker dollar will cause higher inflation which will put upward pressure on rates. As investors start selling the long end of the bond market, short rates will eventually follow.

Precious metals normally benefit from negative real rates which means that inflation is higher than interest rates. Gold can still rise strongly with high nominal rates as long as inflation is higher. We saw this happen in the 1970s to the early 1980s when rates reached 20% and gold went from $35 to $850. During that time, inflation remained higher than rates.

I remember this period well as I experienced it in the UK with my first mortgage reaching 21%.

FROM BOOM TO BUST

So there is now an opportunity for all investors to double their money in the stock market in the next 9-18 months as ever more liquidity will fuel stock markets.

But a Caveat Emptor (Buyer Beware) warning is in place here. Asset markets are already in a major bubble and the financial system is so fragile that it could break at any time.

So rather than chasing the last leg of this bull market which most investors will do, it will be much better to look at safer alternatives.

I have outlined them above. Physical precious metals and precious metals stocks will outperform all other markets. And these all present the best risk. Both the metals and the metal stocks will boom in the final phase of the stock market boom. And as stock markets top and then crash, the precious metals sector will continue to perform extremely well as currencies are debased.

As I stated above, the general stock market is likely to lose at least 95% against the precious metals sector in the next five years.

There has probably never before been such a clear choice in investment markets but sadly most investors will miss it. They will instead stick to their conventional portfolio which will include a lot of the already overvalued tech stocks.

Holding gold and silver stocks will be the investment opportunity of a life time. But since they are held within a vulnerable financial system, we believe that a these holdings should represent a much smaller percentage than physical metals.

To hold physical gold, silver and platinum outside the fragile banking system is the ultimate form of wealth preservation and insurance against a debt infested and unsafe financial system.

With a portfolio of some precious metals stocks and physical metals, investors will be able to ride out the coming storm and volatility in markets and also benefit financially. Of course there will be volatility also in the metals market but the trend in the next 5+ years is virtually guaranteed.

So better to avoid the coming boom and bust in the general stock markets and stick to metals.

Published:10/29/2020 7:29:36 PM
[Right Column] CBS Greenlights Climate Change Drama ‘Antarctica’
Published:10/29/2020 7:29:36 PM
[] Quarantine Cafe: Escape from Paris Edition They're fleeing the city before the next round of literal "confinement" to their apartments begins. Gotta fight covid, yo. If that requires restructuring society in to a fascist socialist state, oh well!... Published:10/29/2020 7:29:36 PM
[] Rapper Lil Wayne emerges from what he calls a great meeting with President Trump Published:10/29/2020 6:59:30 PM
[] Pollster Calls a Thin Trump Victory: Those 'Blue Wave' Polls Are 'Garbage' Published:10/29/2020 6:59:29 PM
[] Collins' opponent: I might just support court-packing Published:10/29/2020 6:59:29 PM
[Politics] RNC's Ronna McDaniel to Newsmax TV: 'We See Things Shifting Our Way' Republican National Committee head Ronna McDaniel said Thursday that President Donald Trump must hold Florida, North Carolina and Georgia, where challenger Joe Biden is pushing hard. In an interview on Newsmax TV's ''Spicer & Co.,'' McDaniel insisted, however, there are... Published:10/29/2020 6:59:29 PM
[Entertainment] Jamie Lee Curtis Faces Off Against Michael Myers in New Halloween Kills Trailer Jamie Lee Curtis, Halloween KillsHere's an October surprise Halloween fans can get behind. A new fun and rather bloody teaser for Halloween Kills, the sequel to the 2018 reboot of Halloween, was posted online on...
Published:10/29/2020 6:59:29 PM
[Latest News] Jeremy Corbyn, Official Jew Hater

We now have it in writing: Jeremy Corbyn is an anti-Semite.

The post Jeremy Corbyn, Official Jew Hater appeared first on Washington Free Beacon.

Published:10/29/2020 6:59:29 PM
[World] [Eugene Volokh] State Can't Push November Election Back to February Based on Death of Third-Party Candidate "By analogy ..., perhaps a major earthquake or hurricane in the congressional district on election day could justify a cancellation, but a snowstorm could not ...." Published:10/29/2020 6:59:29 PM
[Markets] Nine COVID Controversies Nine COVID Controversies Tyler Durden Thu, 10/29/2020 - 19:45

Authored by Jeff Harris via The Ron Paul Institute for Peace & Prosperity,

Ever since the alleged pandemic erupted this past March the mainstream media has spewed a non-stop stream of misinformation that appears to be laser focused on generating maximum fear among the citizenry. But the facts and the science simply don’t support the grave picture painted of a deadly virus sweeping the land.

Yes we do have a pandemic, but it’ a pandemic of ginned up pseudo-science masquerading as unbiased fact. Here are nine facts backed up with data, in many cases from the CDC itself that paints a very different picture from the fear and dread being relentlessly drummed into the brains of unsuspecting citizens.

1) The PCR test is practically useless

According to an article in the New York Times August 29th 2020 testing for the Covid-19 virus using the popular PCR method results in up to 90% of those tested showing positive results that are grossly misleading.

Officials in Massachusetts, New York and Nevada compiled testing data that revealed the PCR test can NOT determine the amount of virus in a sample. (viral load) The amount of virus in up to 90% of positive results turned out to be so miniscule that the patient was asymptomatic and posed no threat to others. So the positive Covid-19 tests are virtually meaningless.

2) A positive test is NOT a CASE

For some reason every positive Covid-19 test is immediately designated a CASE. As we saw in #1 above up to 90% of positive Covid-19 tests result in miniscule amounts of virus that do not sicken the subject. Historically only patients who demonstrated actual symptoms of an illness were considered a case. Publishing positive test results as “CASES” is grossly misleading and needlessly alarming.

3) The Centers for Disease Control dramatically lowered the Covid-19 Death Count

On August 30th the CDC released new data that showed only 6% of the deaths previously attributed to Covid-19 were due exclusively to the virus. The vast majority, 94%, may have had exposure to Covid-19 but also had preexisting illnesses like heart disease, obesity, hypertension, cancer and various respiratory illnesses. While they died with Covid-19 they did NOT die exclusively from Covid-19.

4) CDC reports Covid-19 Survival Rate over 99%

The CDC updated their “Current Best Estimate” for Covid-19 survival on September 10th showing that over 99% of people exposed to the virus survived. Another way to say this is that less than 1% of the exposures are potentially life threatening. According to the CDC the vast majority of deaths attributed to Covid-19 were concentrated in the population over age 70, close to normal life expectancy.

5) CDC reveals 85% of Positive Covid cases wore face masks Always or Often

In September of 2020 the CDC released the results of a study conducted in July where they discovered that 85% of the positive Covid test subjects reported wearing a cloth face mask always or often for two weeks prior to testing positive. The majority, 71% of the test subjects reported always wearing a cloth face mask and 14% reported often wearing a cloth face mask. The only rational conclusion from this study is that cloth face masks offer little if any protection from Covid-19 infection.

6) There are inexpensive, proven therapies for Covid-19

Harvey Risch, MD, PhD heads the Yale University School of Epidemiology. He authored “The Key to Defeating Covid-19 Already Exists. We Need to Start Using It” which was published in Newsweek Magazine July 23rd, 2020. Dr. Risch documents the proven effectiveness of treating patients diagnosed with Covid-19 using a combination of Hydroxychloroquine, an antibiotic like azithromycin and the nutritional supplement zinc. Medical Doctors across the globe have reported very positive results using this protocol particularly for early stage Covid patients.

7) The US Death Rate is NOT spiking

If Covid-19 was the lethal killer it’s made out to be one would reasonably expect to see a significant spike in the number of deaths reported. But that hasn’t happened.

According to the CDC as of early May 2020 the total number of deaths in the US was 944,251 from January 1 – April 30th. This is actually slightly lower than the number of deaths during the same period in 2017 when 946,067 total deaths were reported.

8) Most Covid-19 Deaths Occur at the End of a normal Lifespan

According to the CDC as of 2017 US males can expect a normal lifespan of 76.1 years and females 81.1 years. A little over 80% of the suspected Covid-19 deaths have occurred in people over age 65. According to a June 28th New York Post article almost half of all Covid suspected deaths have occurred in Nursing Homes which predominately house people with preexisting health conditions and close to or past their normal life expectancy.

9) CDC Data Shows Minimal Covid Risk to Children and Young Adults

The CDC reported in their September 10th update that it’s estimated Infection Mortality Rate (IFR) for children age 0-19 was so low that 99.97% of those infected with the virus survived. For 20-49 year-olds the survival rate was almost as good at 99.98%. Even those 70 years-old and older had a survival rate of 94.6%. To put this in perspective the CDC data suggest that a child or young adult up to age 19 has a greater chance of death from some type of accident than they do from Covid-19.

Taken together it should be obvious that Covid-19 is pretty similar to typical flu viruses that sicken some people annually. The vast majority are able to successfully fight off the virus with their body’s natural immune system. Common sense precautions should be taken, particularly by those over age 65 that suffer from preexisting medical conditions.

The gross over reaction by government leaders to this illness is causing much more distress, physical, emotional and financial, than the virus ever could on its own. The bottom line is there is NO pandemic, just a typical flu season that has been wildly blown out of proportion by 24/7 media propaganda and enabled by the masses paralyzed by irrational fear.

State and local governments in particular have ignored the rights of the people and have instituted outrageous attacks on freedom and liberty that was bought and paid for by the blood and sacrifice of our forefathers.

Slowly the people are recognizing the great fraud perpetrated on them by bureaucrats and elected officials who have sworn to uphold rights and freedoms as spelled out in the US Constitution. The time has come to hold these criminals accountable by utilizing the legal system to bring them to justice.

Either we act now to preserve freedom and liberty for our children and future generations yet unborn, or we meekly submit to tyrants who crave more power and control. I will not comply!

Published:10/29/2020 6:59:29 PM
[106e57e6-7918-53d1-9b21-be8e92c8b63d] Ex-Oingo Boingo frontman Danny Elfman gets ‘Happy’ - a first in 36 years Danny Elfman is one of Hollywood's most decorated composers. Published:10/29/2020 6:59:29 PM
[Politics] Vimeo Removes Video Showing Ties Between Pro-China Group, Black Lives Matter Founder

A popular video platform has removed a video critical of apparent connections between the Chinese Communist Party and a founder of the Black Lives Matter... Read More

The post Vimeo Removes Video Showing Ties Between Pro-China Group, Black Lives Matter Founder appeared first on The Daily Signal.

Published:10/29/2020 6:59:29 PM
[IJR] Ocasio-Cortez Fires Back at Republicans for Criticizing Her Vanity Fair Outfit "Tip #1: Drink water and don’t be racist." Published:10/29/2020 6:59:29 PM
[] NBC News' Andrea Mitchell on NBC's silence on the Hunter Biden story: 'We cover what is reliably truthful' Published:10/29/2020 6:31:23 PM
[2020 Election] Harley Rouda’s Companies Racked Up Hundreds of Thousands in Tax Liens

Businesses connected to California Democratic representative Harley Rouda were subject to nearly $230,000 in local, state, and federal tax liens, documents reviewed by the Washington Free Beacon show.

The post Harley Rouda’s Companies Racked Up Hundreds of Thousands in Tax Liens appeared first on Washington Free Beacon.

Published:10/29/2020 6:31:22 PM
[Politics] Lt. Gov. Patrick to Newsmax TV: Texas Is Not A 'Toss Up' Texas Lt. Gov. Dan Patrick dismissed reports that the Lone Star state is a "toss up," predicting on Newsmax TV on Thursday that President Donald Trump and Sen. John Cornyn will be re-elected without difficulty. Published:10/29/2020 6:31:22 PM
[2020 Presidential Election] The Ad CNN Wouldn’t Run (John Hinderaker) CNN refused to run a pro-Trump ad submitted by America First Action PAC on the ground that the ad, which predicts middle-class tax increases if Joe Biden wins, isn’t true. Jim Treacher has the details. CNN seems obviously to be wrong; Biden has promised to reverse the Tax Cuts and Jobs Act, which cut taxes for (as I recall) something like 82% of American households. The middle class must be Published:10/29/2020 6:31:22 PM
[Politics] BREAKING: Lil Wayne just endorsed President Trump! Rapper Lil Wayne just tweeted to the whole world that he’s endorsing President Trump: Just had a great meeting with @realdonaldtrump @potus besides what he’s done so far with criminal reform, the . . . Published:10/29/2020 6:31:22 PM
[Politics] BREAKING: Lil Wayne just endorsed President Trump! Rapper Lil Wayne just tweeted to the whole world that he’s endorsing President Trump: Just had a great meeting with @realdonaldtrump @potus besides what he’s done so far with criminal reform, the . . . Published:10/29/2020 6:31:22 PM
[Automotive] Tesla has increased the price of its “Full Self-Driving” option to $10,000 Tesla has made good on founder and CEO Elon Musk’s promise to boost the price of its “Full Self-Driving” (FSD) software upgrade option, increasing it to $10,000 following the start of the staged rollout of a beta version of the software update last week. This boosts the price of the package $2,000 from its price […] Published:10/29/2020 6:31:22 PM
[Markets] China Reveals First Glimpse Into Its Economic Plans For Next Five Years China Reveals First Glimpse Into Its Economic Plans For Next Five Years Tyler Durden Thu, 10/29/2020 - 19:25

On Thursday, the Fifth Plenum of China's 19th Party Congress which was held to discuss the proposals for the 14th Five-Year Plan, concluded after 4 days of discussions and China unveiled the first glimpse of Beijing's economic plans for the next five years, promising to build the nation into a technological powerhouse as it emphasized quality growth over speed.

The post conference communique released today provided a brief summary of the proposals. The summary reiterated the direction towards higher quality growth, laid out non-numerical goals over the long term, and particularly highlighted the importance of innovation and a push for market reform. A more detailed report on the 14th Five-Year Plan will be released during the National People's Congress (NPC) in March 2021

As previewed on Monday, the Communist Party’s Central Committee Thursday stressed the need for sustainable growth and also pledged to develop a robust domestic market. Of note: the communique released by state media following a four-day closed-door meeting did not specify the pace of growth policy makers would target, a first for a nation which in past was obsessed with its goalseeked GDP number.

Yet even though the plan doesn’t mention a specific rate of growth for gross domestic product, analysts said the government remains ambitious in its outlook: "The leadership still expects the size of the economy, household income as well as GDP per capita to reach a ‘new milestone’ by 2035," said Raymond Yeung, chief greater China economist at Australia and New Zealand Banking Group quoted by Bloomberg. "China did not abandon GDP targeting, it’s just expressed in a more subtle way."

Below are the main points from the plenum, via Goldman Sachs:

  1. The summary reiterated the increasingly challenging environment for development and rising uncertainties in external conditions, and highlighted major problems at the current phase of development, including development still unbalanced and insufficient, the lack of innovation, still substantial income inequality, and further room for improvement in environment protection.

  2. In contrast to the 13th Five-Year Plan where a “doubling income” goal was emphasized, the summary of the 14th Five-Year Plan today didn't mention any specific numerical goal, and re-emphasized the direction towards “higher quality growth." Regarding key economic goals for the 14th Five-Year Plan, the proposals particularly highlighted the importance of innovation and a push for market reform, facilitation of internal circulation through expanding domestic demand strategy and supply-side structural reform, significant improvement in household income and narrower income inequality in urban and rural areas, and “high-quality opening up” (trade and financial liberalization). The summary also mentioned long-term goals through 2035, for instance, GDP per capita reaching the level of middle-income developed economies and expansion in middle-income population.

  3. The key elements highlighted in the summary are not new and have been mentioned previously by policymakers. From an economic perspective, this means boosting total factor productivity and rebalancing economic development across sectors/regions. Although the Chinese government has been calling for a transition in the development model for a number of years, given that the broad external and domestic environment has changed, we think the government is likely to accelerate the pace of relevant reforms in the next five years, to achieve sustainable, balanced and high quality growth and enter the high income group from the upper middle income group.

  4. Over the coming months, the National Development and Reform Committee (NDRC) will consult specialists and other government ministries to prepare a more detailed draft of the 14th Five Year Plan. It will be submitted to the National People’s Congress (NPC) for final approval during the “Two Sessions” in March 2021, which would be the next key event to watch out for. Detailed plans on a sectoral level from ministries will likely be released several months after the “Two Sessions”.

Published:10/29/2020 6:31:22 PM
[2de628a4-1676-5351-bd60-af201a79aaa0] Rapper Lil Wayne meets with Trump: 'He listened to what we had to say' Lil Wayne and President Trump "had a great meeting," according to the rapper. Published:10/29/2020 6:31:22 PM
[Uncategorized] Big Student Free Speech Victory in 5th Circuit Against U Texas Speech Policies

"anonymous reports carr[y] particular overtones of intimidation to students whose views are “outside the mainstream.'"

The post Big Student Free Speech Victory in 5th Circuit Against U Texas Speech Policies first appeared on Le·gal In·sur·rec·tion.

Published:10/29/2020 6:31:22 PM
[] Polls: Biden's National Lead Down to 4, Says Harris/Hill New Harris poll for the Hill shows Biden slipping a point, leading Trump by only four nationally. And leading by four nationally means "behind in the swing states by 1-2." Now, per Rasmussen, which skews more R, Trump is actually... Published:10/29/2020 6:31:22 PM
[Politics] Glenn Greenwald resigns from the Intercept over site's refusal to publish a story about Hunter Biden docs Published:10/29/2020 6:02:07 PM
[Entertainment] Camila Mendes' Birthday Post for Grayson Vaughan Proves How Serious They Really Are Camila Mendes, 2020 Screen Actors Guild Awards, SAG AwardsAbout three things Camila Mendes is absolutely positive. First, she's obsessed with astrology. Second, it's her boyfriend's birthday. And third, she's in love. Camila...
Published:10/29/2020 6:02:07 PM
[Politics] Biden and Trump battle for Florida as Democrats seek a knockout blow

The presidential contenders shadow each other in the Sunshine state, holding contrasting events in Tampa. A Biden win in Florida would block Trump's path.

Published:10/29/2020 6:02:07 PM
[Automotive] Polestar recalls its newest EV for the second time this month Polestar, the electric vehicle brand that was spun out of Volvo Car Group, has issued another recall for its newest electric vehicle. The company is voluntarily recalling nearly 4,600 vehicles over what has been described as a faulty inverters, Reuters reported. Polestar said in a statement that all affected customers will be notified, beginning November […] Published:10/29/2020 6:02:06 PM
[ff89e9b1-d01f-5a9d-8b15-eb94d0c8c2f7] Paul Rudd hands out cookies to New Yorkers waiting in the rain It appears the "Ant-Man" star visited the Barclays Center in Brooklyn. Published:10/29/2020 6:02:06 PM
[Markets] New Research Points To The People's Liberation Army Hospital In Wuhan As Origin For Global Coronavirus Pandemic New Research Points To The People's Liberation Army Hospital In Wuhan As Origin For Global Coronavirus Pandemic Tyler Durden Thu, 10/29/2020 - 18:45

A paper published on Zenodo (DOI 10.5281/zenodo.4119263) by Dr. Steven Quay, M.D., PhD., head of two COVID-19 therapeutic programs at Atossa Therapeutics, illuminates new scientific observations and conclusions documenting that the SARS-CoV-2 pandemic began at the General Hospital of Central Theater Command of People’s Liberation Army (PLA Hospital) in Wuhan, China, located at 627 Wulon Road, Wuchang District, Wuhan.

According to the paper, international biospecimen data repositories indicate as early as December 10, 2019 COVID patient records were being created by PLA personnel, weeks before the Chinese government informed the WHO of the pandemic.

The paper documents four patients from the PLA Hospital that have the earliest genetic signature of direct human-to-human coronavirus transmission. It also includes the patient whose coronavirus is genetically closest to a bat virus from the Wuhan Institute of Virology (WIV) that WIV scientists call “the closest relative of 2019-nCoV.”

The PLA Hospital is three kilometers from WIV and both are located on Line 2 of the Wuhan Metro System. The paper documents an analysis of the hospitals where the earliest COVID patients were seen, between December 1, 2019 to early January, and shows that all these hospitals were also located on the Metro Line 2.

This is the first paper in the world to observe that Line 2 is uniquely positioned to have been the worldwide human-to-human COVID pandemic conduit as it carries five percent of the population of Wuhan every day, allowing rapid spread throughout Wuhan and the entire Hubei Province; it includes the high-speed rail station, allowing rapid spread throughout China; and it terminates at the international airport station, allowing rapid spread throughout the world.

Line 2 also services the Hunan Seafood Market, previously suggested to be associated with the origin of the pandemic.

The full paper can be read below (pdf link)

Published:10/29/2020 6:02:06 PM
[Economy] Email Marketing Firm Warns It May Censor Content

In what might be the latest example of censorship by a large tech company, the email marketing company Mailchimp adopted a new policy this week... Read More

The post Email Marketing Firm Warns It May Censor Content appeared first on The Daily Signal.

Published:10/29/2020 6:02:06 PM
[IJR] Chris Christie Reveals Who He Voted for "I have now voted." Published:10/29/2020 6:02:06 PM
[Identity Politics] This Week in Identity Politics: “I’ll Find Someone the Right Shade of Brown” (Steven Hayward) It has happened again: a white woman professor claiming to be a “person of color” has been exposed, this time at Furman University. Inside Higher Education has the story: Another week, another unmasking of a white professor allegedly posing as a person of color: this time it’s Kelly Kean Sharp, a scholar of African American history who resigned abruptly Tuesday from her assistant professorship at Furman University. Like other apparent Published:10/29/2020 6:02:06 PM
[AMZN] Private Equity Is 'Loading Up' On REITs, Plus 2 Top Picks Published:10/29/2020 5:32:07 PM
[] So that's why Trump and Barr dumped the U.S. Attorney in charge of the SDNY Published:10/29/2020 5:32:06 PM
[] Tony Bobulinski questioned by six FBI agents on Oct. 23 as a 'material witness' in ongoing Hunter Biden investigation (video) Published:10/29/2020 5:32:06 PM
[Markets] Earnings Results: Apple’s resurgent Mac sales make up for iPhone shortfall Even without any new iPhones to provide a boost, Apple Inc. beat fiscal fourth-quarter expectations amid surging demand for devices that facilitate remote work and schooling.
Published:10/29/2020 5:32:06 PM
[World] Earnings Results: Twitter shares tank as profit, user gains fall short of expectations Twitter Inc. added users and revenue in the third quarter, but its profit and daily active-user gains fell short of analyst expectations, sending its shares sharply lower in after-hours trading.
Published:10/29/2020 5:32:06 PM
[World] America itself is on the ballot

Never has an election come down to a clearer choice.

You have a strong, disruptive, sitting president who unabashedly loves America and seeks to tame Washington. He openly supports and defends the principles and ideals on which America is founded.

When President Trump took the oath of office, he vowed ... Published:10/29/2020 5:32:06 PM

[Entertainment] Karlie Kloss Is Pregnant, Expecting First Baby With Joshua Kushner Karlie Kloss, Joshua Kushner, MET Gala 2016, Inside Pics, ExclusiveKarlie Kloss and Joshua Kushner have a lot to look forward to in 2021! According to multiple outlets, the model and businessman are expecting their first baby together. The...
Published:10/29/2020 5:32:06 PM
[Politics] Pelosi: Trump Out of Touch for Telling Women He'll Get Husbands Back to Work House Speaker Nancy Pelosi says President Donald Trump is out of touch for telling women at a rally in Michigan he was getting their husbands ''back to work.'' "What decade is he living in? What century is he living in? So completely removed from the realities of life. And... Published:10/29/2020 5:32:06 PM
[Markets] Stock market news live updates: Stock futures trade lower, giving back gains after tech earnings Stock futures traded lower Thursday evening to give back some gains after the three major indices rallied during the regular session. Published:10/29/2020 5:32:06 PM
[Evergreen Topics] The Results Are in: Reopening Fuels Record Economic Expansion

As the economic reopening continues in states and cities across the nation, economic growth last quarter smashed all prior records—growing by 7.4%, according to the... Read More

The post The Results Are in: Reopening Fuels Record Economic Expansion appeared first on The Daily Signal.

Published:10/29/2020 5:32:06 PM
[Apps] Corsair acquires EpocCam, a webcam app for iPhone Corsair Gaming today announced that it has acquired EpocCam, the software developer behind the iOS software of the same name. It’s easy to see why the gaming company would be interested in such an acquisition in 2020. The COVID-19 pandemic has lead to a worldwide spike in remote working — and, as a result, more […] Published:10/29/2020 5:32:06 PM
[Markets] 'ALICE' Doesn't Work Here Anymore 'ALICE' Doesn't Work Here Anymore Tyler Durden Thu, 10/29/2020 - 18:25

Authored by Charles Hugh Smith via OfTwoMinds blog,

What the political class and the Financial Nobility don't yet grasp is that ALICE will never go back to her insecure, low-wage job, ever.

Meet ALICE: Asset Limited, Income Constrained, Employed, at least she was employed until the pandemic presented impossible choices between taking care of her children and their education, and her aging parents, and keeping her demanding, low-wage job.

Though it doesn't fit in with the cute mythology of "capitalism" that apologists love to promote, ALICE wasn't working to get ahead--she was working to barely survive in an economy where wages have stagnated for decades and recently lost ground at an alarming rate as costs for everything from rent to childcare to utilities have soared while her hours have been cut.

This is the neofeudalism I've often described here: the modern-day equivalent of the landless (i.e. owns no capital) serf is a landless (i.e. owns no capital) debt-serf with student loans, an auto loan and credit card debt and income that is constrained by globalization, financialization and the scarcity of high-paying work that isn't reserved for insiders and the privileged few who chose their wealthy, well-educated, socially connected parents wisely.

Lacking capital and any realistic means of acquiring any, the debt-serf has only labor to sell, and in a globalized world in which everyone selling their labor is competing globally for work producing tradable goods and services, ordinary labor has lost purchasing power for the past 45 years.

The dominance of Big Tech monopoly platforms has created new fields for the exploitation of ordinary labor in the low-paid gig economy and fulfillment centers. The traditional neofeudal fiefdoms (retail outlets, hospitality and restaurants) have been hit by the pandemic pullback in consumer spending, and the other low-wage fiefdoms (fast food and domestic service) have been in structural decline for years.

Meanwhile, the owners of the Financial Nobility's fiefdoms and Big Tech monopolies have enjoyed unprecedented gains in income and wealth as wages' share of the economy has declined for decades, in effect transferring trillions from labor to the Financial Nobility.

This neofeudal arrangement is about to change as Universal Basic Income (UBI) or its equivalent becomes the accepted status quo solution to neofeudalism's soaring inequality. Since there's no limit to how much currency can be created by the Federal Reserve, then why not distribute enough "free money" to the serfs to tamp down the brewing revolt?

What the political class and the Financial Nobility don't yet grasp (due to their complete disconnect from neofeudal daily life) is that ALICE will never go back to her insecure, low-wage job, ever. No matter how meager the UBI, permanent unemployment, stimulus or whatever the political class calls the distribution of "Fed free money," ALICE will find a way to escape the bonds of neofeudal serfdom.

As I've noted here many times, the cash / informal economy beckons. All sorts of labor arrangements can be made on ALICE's terms, not the Big Tech monopolies' terms. No wonder the Financial Nobility is so desperate to eliminate cash. But other currencies may fill the need if the Neofeudal Overlords try to eliminate cash dollars.

Liberty and freedom are not just lofty academic abstractions; what matters is being freed of the neofeudal chains of Big Tech monopoly platforms and the Financial Nobility's other fiefdoms.

*  *  *

My recent books:

A Hacker's Teleology: Sharing the Wealth of Our Shrinking Planet (Kindle $8.95, print $20, audiobook coming soon) Read the first section for free (PDF).

Will You Be Richer or Poorer?: Profit, Power, and AI in a Traumatized World
(Kindle $5, print $10, audiobook) Read the first section for free (PDF).

Pathfinding our Destiny: Preventing the Final Fall of Our Democratic Republic ($5 (Kindle), $10 (print), ( audiobook): Read the first section for free (PDF).

The Adventures of the Consulting Philosopher: The Disappearance of Drake $1.29 (Kindle), $8.95 (print); read the first chapters for free (PDF)

Money and Work Unchained $6.95 (Kindle), $15 (print) Read the first section for free (PDF).



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.

Published:10/29/2020 5:32:06 PM
[Free Speech] [Eugene Volokh] "Conversations over the Dinner Table That Incite Hatred Must Be Prosecuted …, the Justice Secretary Has Said" From The Times (London) (Mark McLaughlin): Conversations over the dinner table that incite hatred must be prosecuted under Scotland's hate crime law, the justice secretary has said. Journalists and theatre directors should also face the courts if their work is deemed to deliberately stoke up prejudice, Humza Yousaf [the Secretary for Justice for Scotland] said.… Published:10/29/2020 5:32:06 PM
[Politics] NEW: Justice CONFIRMS open CRIMINAL probe into Hunter Biden, Bobulinski met with 6 FBI agents, evidence reviewed [WATCH!] James Rosen is doing the job that can obviously only be done by journalists who have the mettle to leave the big cable news industry and work where they can actually work. . . . Published:10/29/2020 5:32:06 PM
[Politics] NEW: Justice CONFIRMS open CRIMINAL probe into Hunter Biden, Bobulinski met with 6 FBI agents, evidence reviewed [WATCH!] James Rosen is doing the job that can obviously only be done by journalists who have the mettle to leave the big cable news industry and work where they can actually work. . . . Published:10/29/2020 5:32:06 PM
[2020 Election] Confirmed: Hunter Biden Has Been Under Federal Investigation for Money Laundering Since 2019

Confirmed: Hunter Biden Has Been Under Federal Investigation for Money Laundering Since 2019. It’s about time the DOJ let something out about the crooked Biden Crime Family. Voters need to know about this before they mark their ballots. Sorry, you may not like it. I know you hate the timing, liberal media, but Joe Biden, […]

The post Confirmed: Hunter Biden Has Been Under Federal Investigation for Money Laundering Since 2019 appeared first on IHTM.

Published:10/29/2020 5:32:06 PM
[News] White House Advisers Warn of ‘Unrelenting’ COVID-19 Spread, ‘Whole Lot of Pain’ "We continue to see unrelenting, broad community spread in the Midwest, Upper Midwest and West. This will require aggressive mitigation to control both the silent, asymptomatic spread and symptomatic spread." Published:10/29/2020 5:32:06 PM
[] Justice Department Official Confirms that the FBI Opened an Investigation Into "Hunter Biden and Associates" in 2019 -- and that that Investigation Remains "Open and Active" today James Rosen reports: @JamesRosenTV EXCLUSIVE: A @TheJusticeDept official confirms that in 2019, the @FBI opened up a criminal investigation into "Hunter Biden and his associates," focused on allegations of money-laundering, and that it remains open and active today. More very... Published:10/29/2020 5:32:06 PM
[World] Xi's Gotta Have It: China's Communist Party Has a Long-Range Plan to Overtake the United States Published:10/29/2020 5:02:09 PM
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[Markets] Chicagoans Categorically Reject Progressive/BLM Demands To Defund The Police Chicagoans Categorically Reject Progressive/BLM Demands To Defund The Police Tyler Durden Thu, 10/29/2020 - 17:45

By Ted Dabrowski, John Klingner and Julie Schmidt of Wirepoints

While Chicagoans share many concerns over the city’s policing practices, 79% want the police to spend the same amount of time or more in their neighborhoods. That’s one of the key findings of a new Wirepoints/Real Clear Opinion Research poll that looked at a range of attitudes in Chicago on policing, race and Mayor Lori Lightfoot’s performance.

The desire for more police holds true across the city’s North (76%), South (80%) and West Sides (85%), as well as across whites (79%), blacks (77%) and Hispanics (87%).

Only 15% of blacks and 10% of Hispanics citywide said they want the police to spend less time in their neighborhoods.

The Wirepoints/RCOR poll surveyed 895 registered voters in Chicago from September 26th through October 4th using a mixed phone and online methodology. The margin of error is +/- 3.28 percentage points at the 95% confidence level.

Although Chicagoans overwhelmingly indicated they want more police, they were also very clear in their desire for better-quality policing. Half (51%) of all Chicagoans polled said they believe the Chicago Police Department is currently handling its job badly. More than six out of ten black residents (63%) held that view.

More than a third (35%) of all respondents felt they would not be treated respectfully in an encounter with police, a percentage that jumps to 54% among black residents.

The polling also finds that while 61% of residents approve of the job that Mayor Lightfoot is doing, some of her lowest issue performance ratings come in how she is dealing with police reform, gun violence and violent crime.

Chicagoans support both BLM and more policing

George Floyd’s death and the subsequent protests expanded the influence of Black Lives Matter across the country, including in Chicago. Unsurprisingly, more than three-quarters (76%) of surveyed Chicagoans reported they strongly support or somewhat support BLM. Black Chicagoans maintained the highest support for BLM (86%), followed by whites (74%) and then Hispanics (61%). Geographically, South Side support of BLM is the highest (83%).

But when Chicagoans were asked directly if they support defunding the police, only 39% said they were in favor, while 51% were opposed. Opposition to defunding exceeded support in every region, with North Side residents expressing the most opposition (57% oppose / 36% support).

Along racial/ethnic lines, opposition exceeded support slightly among blacks (46% oppose / 45% support) and most strongly among Hispanics (55% oppose / 30% support).

The support for BLM has also failed to translate into political support for wholly disbanding the CPD. Only 26% of Chicagoans polled would be more likely to vote for city council members that support disbanding the police, while 37% would be less likely to vote for them. Even fewer South Siders (21%) would be more likely to vote for members supporting disbanding.

By race, whites and Hispanics were most opposed to politicians supporting disbanding the CPD, with 43% and 41% saying they would be less likely to vote for a council member that pushed disbanding, respectively. Black residents were at 27%.

Instead of less police presence, most Chicagoans polled want more officers on the street. A vast majority (79%) of voters indicated they wanted police to spend more or the same amount time in their neighborhood.

The desire for additional policing was strongest on the South and West Sides, with more than half (57%) of residents in both areas wanting more police presence in their neighborhoods despite their concerns about current CPD practices. The number of Chicagoans polled who want police to spend less time amounted to less than 15% of those surveyed. On the West Side, only 9% of those polled wanted less police.

Chicagoans want better-quality policing

When questioned on a variety of topics, including job performance, systemic racism, police behavior, general safety and more, a majority or sizable minority of Chicagoans showed they have negative opinions of and/or have suffered negative encounters with Chicago officers.

Chicagoans’ overall negative rating of the CPD (51%) varied widely by geography. More than half of citizens from the North Side (54%) and the West Side (51%) said the CPD was doing a good or excellent job, while only 32% of voters from the South Side said the same.

When asked what needs to be reformed in the department, systemic racism or a few bad apples, nearly half of all those polled (45%) chose systemic racism. Hispanic residents were least likely to say systemic racism (33%) while black residents were the most likely (57%).

When asked how they thought they would be treated by officers, more than a third of Chicagoans (35%) said they were not very or not at all confident they would be treated with courtesy and respect. And in a similar vein, one in five of those surveyed (19%) said that seeing a police officer made them feel less safe.

In summary, while white and Hispanics ultimately have a mixed view of the city’s police force, black residents report more negative opinions/experiences:

  • 63% of black residents think the Chicago Police Department is handling its job badly, while only 48% of Hispanics and 39% of whites feel the same way. 
  • More than half (57%) believe reforms should focus on systemic racism in the Chicago Police Department, while only 33% of Hispanics and 41% of whites believe the same.
  • More than half (54%) aren’t confident they’ll be treated with courtesy and respect by officers, while only 38% of Hispanics and 16% of whites aren’t confident.
  • Nearly a third (31%) of blacks feel less safe in the presence of an officer, while only 11% of Hispanics and 13% of whites feel less safe. 

Mayor Lightfoot has her work cut out for her on race and public safety

Of the 61% of respondents who approve of the job Mayor Lightfoot is doing, Chicago’s white residents gave her the highest marks (68%), followed by blacks (63%) and then Hispanics (48%).

Her biggest support came from the West Side, where 69% of responders approved of her performance. South Side residents favored her performance the least, giving an approval rating of 57%.

On individual issues, Mayor Lightfoot achieved her best ratings on her handling of the Coronavirus (58% excellent or good; 39% not so good or poor) and economic development (50% excellent or good; 37% not so good or poor). However, her ratings on those related to race relations and public safety are lower.

Lightfoot’s handling of public safety has an approval rating of 46%. Her overall approval on racial justice is 44%. On police reform, 39%. And just 31% on gun violence.

Her lowest approval ratings come from black Chicagoans. Just 26% approve of the way the mayor is handling both violent crime and gun violence.

Published:10/29/2020 5:02:08 PM
[Markets] Stock Market Wrap-Up: Netflix Hikes Prices; Apple Reverses Lower After Earnings Report Among the top stocks posting gains in Thursday's regular trading session were tech giants Netflix (NASDAQ: NFLX) and Apple (NASDAQ: AAPL). Netflix's move came after an intraday announcement that many investors had been anticipating for a long time. Unfortunately for Apple, however, its share-price gains reversed lower after the close of regular trading as the iPhone maker reported quarterly financial results that didn't live up to investors' high expectations. Published:10/29/2020 5:02:08 PM
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Published:10/29/2020 5:02:08 PM
[] CNN's Jake Tapper turns to musician Dave Matthews for a medical assessment of Trump rallies in the age of Covid-19 Published:10/29/2020 4:31:50 PM
[Politics & Ideas] Disempowering Women in the Name of Progress
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[Markets] : Amazon has already had its most profitable year ever, and the holidays are still on the way Amazon.com Inc. reported record quarterly sales Thursday and has already reached a record profit total in 2020 amid ramped up pandemic spending, and it still has another three months to go that include Prime Day as well as the traditional winter holidays.
Published:10/29/2020 4:31:49 PM
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[TC] Netflix is raising prices on most of its plans in the US Time for another Netflix price hike! About a year and a half after the last price increase, Netflix is bumping up the cost for most of its monthly plans in the US by one to two dollars. Here’s how the changes break down: The “Premium” plan (4k and 4 simultaneous streams) will go from $15.99 […] Published:10/29/2020 4:31:49 PM
[Markets] DoubleLine: Digital Currencies Will End The Dollar's Status As The World's Reserve Currency DoubleLine: Digital Currencies Will End The Dollar's Status As The World's Reserve Currency Tyler Durden Thu, 10/29/2020 - 17:25

We most recently described the Fed's stealthy plan to deposit digital dollars to "each American" during the next crisis as an unprecedented monetary overhaul, but more importantly, a truly stealthy one: there has barely been any media coverage of what may soon be a money transfer by the Fed - a direct stimulus to any and all Americans - bypassing the entire Legislative branch in an attempt to spark inflation after years of losing the war with deflation.

That's why two weeks ago we we delighted to read that none other than Jeff Gundlach's DoubleLine, one of the highest profile asset managers today, published a paper authored by fixed income portfolio manager Bill Campbell exposing what it called "The Pandora's Box of Central Bank Digital Currencies", in which it echoed our claims, writing that "such a mechanism could open veritable floodgates of liquidity into the consumer economy and accelerate the rate of inflation. While central banks have been trying without success to increase inflation for the past decade, the temptation to put CBDCs into effect might be very strong among policymakers. However, CBDCs would not only inject liquidity into the economy but also could accelerate the velocity of money. That one-two punch could bring about far more inflation than central bankers bargain for."

Alas, that was not enough to bring the topic of central bank digital currencies into the mainstream financial media, which is perhaps understandable for two reasons: i) everyone's attention is glued to the outcome and the implications of the election and ii) most media members think of CBDCs as some useless version of bitcoin, when nothing could be further from the truth.

So perhaps in hopes of attracting much needed attention to just how profound the monetary overhaul that is quietly taking place behind the scenes, Doubleline's resident digital currency expert, Bill Campbell has penned a follow up note to his original report, in which he explains in stark and vivid clarity what is about to happen. In a nutshell, "the world’s central banks and the Bank of International Settlements (BIS) envision a network of multiple cross-border payment systems featuring direct bilateral exchanges in the world’s different currencies. Such a regime would discard the decades-long mediation through the world’s reserve currency, the U.S. dollar." In short, central banks are preparing to launch cross-border payment systems which represent a new global order which poses a "major threat to the dollar and its status as the world’s reserve currency."

Below we republish the full note in whole due to its accurate and succinct assessment of how profoundly CBDCs will change the existing monetary architecture once they are launched in a few years (or earlier):

* * *

Bilateral Digital Currency Payments and the Twilight of the Dollar

by Bill Campbell, fixed income Portfolio Manager at DoubleLine (link)

If launched, central bank digital currencies (CBDCs), as I have recently warned, will put at risk the independence of monetary policy and what little is left of fiscal discipline within their borders of circulation.1 Central banks are not stopping at the replacement of money as we have known it. In conjunction with their developmental work on digital currencies proper, monetary authorities are devising a new structure for electronic payments to sweep aside the decades-long framework for payment settlements, both domestic and international. The world’s central banks and the Bank of International Settlements (BIS) envision a network of multiple cross-border payment systems featuring direct bilateral exchanges in the world’s different currencies. Such a regime would discard the decades-long mediation through the world’s reserve currency, the U.S. dollar. This paper examines implementation plans for cross-border payment systems and the threat this new global order would pose to the dollar and its status as the world’s reserve currency.

King Dollar: A Brief History

The dollar has stood as the world’s reserve currency since taking that crown from the British pound in 1944. In July of that year, delegates from 44 nations met in Bretton Woods, N.H., convening the United Nations Monetary and Financial Conference, where they reached a series of agreements for the post-WWII international monetary system. The dollar formed the monetary linchpin of the new order. Participating nations pegged their currencies to the U.S. dollar and in exchange received the privilege to redeem dollars in gold from the U.S. (the world’s largest holder of gold reserves) at the congressionally set rate of $35 an ounce. This started a period of “exorbitant privilege” for the U.S., to quote former French Presidents Charles de Gaulle and Valéry Giscard d’Estaing. Ever since then, thanks to the dollar’s reserve status, the U.S. can run a balance-of-payments deficit without the need to adjust domestic policy in order to settle its international trade bill. Because most international trade is transacted in dollars, which I explain in more detail below, in the most-extreme cases, the U.S. can print dollars to settle its balance of payment needs.2 All other nations must purchase dollars to fund their imports, and one way to attract foreign capital is with high real interest rates (interest rates above the domestic rate of inflation). On the margin, tighter monetary policy slows growth and compresses imports while attracting foreign capital. The U.S. doesn’t face that trade-off thanks to the dollar’s privileged status as the world’s reserve currency.

By the end of the 1960s, rising inflation and a surplus of overseas dollars had made dollar-gold convertibility unsustainable, and President Richard Nixon unilaterally canceled it on Aug. 15, 1971.3 The “closing of the gold window” effectively doomed the system of fixed currency exchange rates elaborated at Bretton Woods. By 1973, the regime of fixed exchange rates gave way to free-floating exchange rates. Despite de facto nullification of Bretton Woods, the U.S. dollar has remained unquestioned as the world’s reserve currency. Most of the world’s trade is transacted in dollars, with the majority of commodities traded in dollars. According to the International Monetary Fund, the dollar plays a dominant role in global invoicing. Through April 2020, the BIS reported, “The US dollar retained its dominant currency status, being on one side of 88% of all trades. The share of trades with the euro on one side expanded somewhat, to 32%.” The Japanese yen ranked third, with the currency being used on one side of 17% of all trades.4

The grumblings of French heads of state and other critics notwithstanding, a reserve currency is useful. (Figure 1) It facilitates global transactions, investments and international debt issuance, and interest payment and repayment by acting as a common denominator accepted by all countries. However, new conditions might be converging to depreciate the dollar in the forex markets and even one day topple its crown as the world’s reserve currency. In that event, the past of the British pound might not be prologue for the dollar. If central banking and the BIS dethrone King Dollar, I suspect no single currency will seize the crown of reserve currency. Instead, cross-border payments would be mediated by a conglomeration of bilateral arrangements.

Admittedly, for countries outside the U.S., such a system offers a very positive, even compelling feature: All countries would be able to settle their import bills in their own currencies, a privilege afforded predominantly to the United States and, to a lesser but noteworthy extent, the 19 countries constituting the eurozone and Japan. Even these countries, however, are obliged to settle payments for certain non-U.S. imports, notably oil and other commodities, in dollars.

SWIFT and Usurpers in the Wings

A key to the longevity of the dollar’s reign as the world’s reserve currency is its occupation as the principal medium of exchange by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the dominant provider of cross-border payment settlements. On May 3, 1973, which is to say, around the time fixed-rate forex regimes gave up the ghost, SWIFT was founded in Brussels with the support of 239 banks in 15 countries. Today, according to its website, the company connects more than 11,000 banks, securities organizations, market infrastructures and corporations in 200 countries. With the propagation of blockchain and cryptocurrency technologies, SWIFT faces fair and inevitable competition from new players in the private sector as well as older competitors in the business of the settlement of cross-border payment orders.5 SWIFT has been updating its infrastructure as well. In January 2017, the company rolled out its global payments innovation (gpi). In 2019, cross-border transfers via gpi exceeded $77 trillion, accounting for 56% of all cross-border payments for that year and 65% of SWIFT’s total cross-border payments, making gpi by far the most-used messaging system for international payment in the world.6

Whatever its resilience or vulnerability to private-sector challengers, SWIFT’s dominance faces a serious threat from outside the private sector – namely, the central banks, coordinated by the BIS. In a recently issued paper, the BIS and cosignatories, including the U.S. Federal Reserve Board of Governors and the European Central Bank, stated, “Central bank innovation is an opportunity for cooperation. Simultaneous research and exploration of CBDC by central banks could inform ways to improve cross-border payments.”7 The BIS has been spearheading research into “faster, cheaper, more transparent and more inclusive cross-border  payment services [which] would deliver widespread benefits for citizens and economies worldwide, supporting economic growth, international trade, global development and financial inclusion.”8 The BIS has acknowledged that, despite technological advances in creating a new cross-border payments infrastructure, some of these central bank initiatives “are still in their design phase and others remain theoretical.”9 In a working paper published by the BIS, authors Raphel Auer, Giulio Cornelli and Jon Frost wrote, “Central banks are considering multiple technological options simultaneously, current proofs-of-concept tend to be based on distributed ledger technology (DLT) rather than a conventional technological infrastructure.”10 However, the landscape is quickly changing as more central banks scale up research into payment systems.

We have already started to see movement on these initiatives. China and Russia have already rolled out competing settlement systems to SWIFT, and both are looking into more bilateral settlement capabilities with their trading partners. In 2014, Russia implemented an alternative to SWIFT called the System for Transfer of Financial Messages (SPFS). SPFS was seen as a response to the U.S. using its dominance in the global financial system to implement sanctions on Russia, its companies and individuals. In 2015, China launched its Cross-Border Interbank Payments System (CIPS). Stung like Moscow by U.S. financial sanctions, Beijing is encouraging its financial sector to make the switch from SWIFT. As more central banks work on their own settlement systems, Russia and China have shown that implementation can be a realistic goal.

“Uneasy lies the head that wears a crown.”

I foresee several big implications of the implementation of a new global payments system based on the bilateral regimes, all of which would put structural pressure on the dollar.

First, such a decentralized global payments system would take the world a big step toward removing the need for the dollar, or for that matter any other currency, to remain as the world’s reserve currency. Cross-border counterparties would settle payments in bilateral transactions in their own currencies, bypassing the dollar as an intermediary. The U.S. imports much more than it exports. These large current-account deficits create the need to have foreigners put their excess savings into U.S. assets to help stabilize the dollar. If foreign savings cease flowing into the U.S., the dollar will depreciate unless the import-export imbalance is corrected. (Figure 2)

Second, global central banks would no longer need to stockpile dollars and instead could diversify their foreign exchange (FX) reserves to a mix more commensurate with the countries with which they trade and conduct financial transactions. Dollar debt remains a large source of financing for many countries around the globe, but sovereign, corporate and other institutional borrowers have already begun to move some of this external financing into other denominations such as the euro and the yen.

Third, disintermediation of the dollar in cross-border payments could erode the greenback’s central role in pricing commodities and invoicing global trade. This would reduce a structural buyer of dollars. Outside the U.S., central banks have been forced to build up their dollar FX reserves in order to prevent a disorderly sell-off if exporters do not repatriate their dollar profits. In addition, in a reversal of norms in place since Bretton Woods, non-U.S. central banks might look to increase their holdings of gold relative to their dollar reserves.11 Central banks might increase the portion of their reserves allocated to gold, whose finite supply could help reduce debasement fears with respect to infinitely creatable CBDCs.

The End of a Single World Reserve Currency?

With the exception of two world wars in the first half of the 20th century, the world’s financial systems since 1815 have calibrated their international payments and banking reserves to a single reserve currency, first the British pound and the U.S. dollar since 1944. The nearly 80-year absence of viable alternatives has left Americans complacent about the dollar’s perpetuity as the world’s reserve currency. Outside the U.S., however, central banks and governments appear to foresee a future untethered from the dollar. The technology for such a delinking is here or soon will be. Central banks will possess the infrastructure to match their FX reserves to the currency mix and weightings of their balance of payments – and one day displace the dollar without the need to crown a new reserve currency.

Policymakers continue to steer intently into the uncharted waters of central bank digital currencies and decentralized global payment systems. Despite most of these initiatives still being in their theoretical design phase, global coordination among central banks will speed up their development and potential implementation. Armed with these currency and payment technologies, the world could rescind the exorbitant privilege the U.S. has enjoyed as printer of the world’s reserve currency and place structural pressure on the dollar to depreciate.

*  *  *

Citations:

1    Bill   Campbell,   “The   Pandora’s   Box   of   Central   Bank   Digital   Currencies,”   DoubleLine.com,  Oct.  6,  2020.  https://doubleline.com/dl/wp-content/uploads/The-Pandoras-Box-of-CB-Dig…

2  The balance of payments includes all transactions made between entities in one country and the rest of the world over a defined period of time.

3    “Foreigners’  liquid  gold  claims  on  US  dollars  increased  tenfold  from  around  $7 billion in 1953 to around $70 billion in 1971. Over the same period US gold reserves  fell  from  over  $22  billion  to  less  than  $11  billion.  The  inescapable  decision facing the US authorities was taken on 15 August 1971 when the convertibility of the dollar at the fixed price of $35 per ounce of gold was ended,”  Glyn  Davies,  A  History  of  Money (4th edition: revised by Duncan Connors; 2016), pp. 465-466. University of Wales Press

4  Triennial Central Bank Survey, p. 3, Monetary and Economic Department, Bank for International Settlements (BIS), Sept. 16, 2020. https://www.bis.org/statistics/rpfx19_fx.pdf

5  See, for example, Martin Arnold, “Ripple and Swift slug it out over cross-border  payments,”  Financial  Times,  June  5,  2018.  https://www.ft.com/content/631af8cc-47cc-11e8-8c77-ff51caedcde6

6  “SWIFT gpi Transferred Over $77T In 2019,” Global Payments, February 11, 2020. https://www.pymnts.com/news/international/global-payments/2020/swift-gp…

7  “Central bank digital currencies: foundational principles and core features,” Oct. 9, 2020, p. 3. Bank of Canada, European Central Bank, Bank of Japan, Sveriges Riksbank, Swiss National Bank, Bank of England, Board of Governors Federal Reserve System and the Bank for International Settlements. https://www.bis.org/publ/othp33.pdf

8  “Enhancing cross-border payments: building blocks of a global roadmap,” Committee on Payments and Market Structures, BIS, July 2020. https://www.bis.org/cpmi/publ/d193.pdf

9  Ibid, page 4.

10  Raphael Auer, Giulio Cornelli and Jon Frost, “Rise of the central bank digital currencies: drivers, approaches and technologies,” BIS, August 2020, p. 5. https://www.bis.org/publ/work880.pdf

11   See  Bill  Campbell,  “The  Pandora’s  Box  of  Central  Bank  Digital  Currencies,”  DoubleLine.com,  Oct.  6,  2020.  https://doubleline.com/dl/wp-content/uploads/The-Pandoras-Box-of-CB-Dig…

Published:10/29/2020 4:31:49 PM
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