Wednesday, August 12, 2020

Krugman Says Gold’s Rise Has Nothing To Do With Investors Expecting Soaring Inflation

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from ZeroHedge:

Even in the most obvious of circumstances – the Fed printing trillions of dollars within the span of one fiscal quarter – Paul Krugman seems unable to make the basic link between purchasing power, the money supply and the price of gold, and refuses to even consider the recent worldview reversals in such prominent former deflationistas as Russell Napier, Albert Edwards and Russell Clark (all discussed previously).

MELBOURNE: CORONAVIRUS CHECKPOINTS TO ENSURE WORKERS ALLOWED TO LEAVE THEIR HOMES

by Paul Joseph Watson, InfoWars:

Strict COVID control measures keep track of travelers.

As part of its strict new lockdown law, authorities in Melbourne have set up highway checkpoints at which residents have their papers scrutinized to ensure they’re allowed to leave their homes.

Earlier this month, a “state of disaster” was declared in the state of Victoria, imposing an 8pm to 5am curfew on residents, some of whom have faced instances of police brutality for flouting the rules, including one woman who was put in a chokehold for not wearing a mask outside.

Invasion of the New Normals

by CJ Hopkins, Consent Factory:

They’re here! No, not the pod people from Invasion of the Body Snatchers. We’re not being colonized by giant alien fruit. I’m afraid it is a little more serious than that. People’s minds are being taken over by a much more destructive and less otherworldly force … a force that transforms them overnight into aggressively paranoid, order-following, propaganda-parroting totalitarians.

You know the people I’m talking about. Some of them are probably your friends and family, people you have known for years, and who had always seemed completely rational, but who are now convinced that we need to radically alter the fabric of human society to protect ourselves from a virus that causes mild to moderate flu-like symptoms (or absolutely no symptoms at all) in over 95% of those infected, and that over 99.6% survive, which, it goes without saying, is totally insane.

Sweden’s Success is Kryptonite for Lockdown and Mask Advocates

by Jordan Schachtel, Jordan Schachtel:

Here in the United States, we have become inundated with tales of COVID-19 doom and gloom. In America, the mainstream narrative is rife with hopelessness. We are told that there is simply no way to stop this virus without repetitive lockdowns, healthy quarantine, even of asymptomatic individuals, and universal mask mandates. And even with all of those extreme policy measures put in place, the politicians and public health officials tell us that we will have to wait for a vaccine for the country to even think about our “new normal” following the COVID-19 pandemic.

There’s one country that they don’t seem to want to talk about – Sweden. And for good reason. Sweden debunks the hysteria. Sweden shows how unnecessary all of the interventions to “fight” the virus are. Sweden shows us that a rational, evidence-based approach to the pandemic is now thriving.

Mainstream Media & Science Exposes COVID-19 As A Hoax

from Greg Reese:

https://www.youtube.com/watch?v=qpXV1xYlFb4

Trump’s Executive Orders Sow Confusion and Illusions

by Pam Martens and Russ Martens, Wall St On Parade:

President Donald Trump has taken to governing from the 19th Hole in the midst of the worst economic crisis since the Great Depression. On Saturday, speaking from the clubhouse of the Trump National Golf Club in Bedminster, New Jersey, Trump announced four executive actions that he promised would “take care of, pretty much, this entire situation,” meaning economic relief for struggling workers who have lost their jobs as a result of the pandemic. But by the time the Sunday talk shows rolled around, it became clear that the executive orders and memorandum had been hastily cobbled together with gaping holes and obstacles to providing meaningful relief.

This Global Depression Will Be Brutal – Tens Of Millions Of Americans Can’t Pay Their Bills And Are In Danger Of Eviction

by Michael Snyder, The Economic Collapse Blog:

Most of us have never experienced anything like this in our entire lifetimes.  Fear of COVID-19, endless civil unrest in major U.S. cities and a whole host of other factors have combined to plunge us into the worst economic downturn since the Great Depression of the 1930s.  On Friday, the Labor Department announced that the unemployment rate in the U.S. fell to just 10.2 percent last month, and if that number was actually accurate that would be pretty good news.  Unfortunately, it simply does not square with all of the other numbers that we have been seeing.  According to John Williams of shadowstats.com, if honest numbers were being used the unemployment rate would actually be 30 percent right now, and I believe that figure is much closer to the reality that we are facing.  In February, 152 million Americans were working, and since that time more than 55 million have filed new claims for unemployment benefits.  Unless tens of millions of those people have been filing fraudulent claims, there is no way in the world that the unemployment rate should be about 10 percent right now.

THE ENDGAME IS HERE – MAMinar #2

by Egon Von Greyerz, Gold Switzerland:

In our second MAMinar Ronni Stöferle and Egon von Greyerz meet to talk about current events in the global economy as well as gold.

The scene is set – there is a total disconnect between markets and reality, as gold reaches the highest levels in a decade. COVID infects millions, markets crash, unemployment numbers are soaring, companies haemorrhaging cash, and despite all that, stocks are at all-time highs.

We had a warning, and a rehearsal, in 2008/9 when the Fed managed to save the economy and kick the can down the road. The end game started in Sep 2019 with Quantitative Easing and Repos.