by Pam Martens and Russ Martens, Wall St On Parade:
“The More I See Of The Moneyed Classes, The More I Understand the Guillotine.” ~ George Bernard Shaw
According to the U.S. Treasury, as of February 29, 2020, there was $16.9 trillion in marketable U.S. Treasury securities outstanding. Of that amount, at the end of February, the Federal Reserve held $2.47 trillion or 14.6 percent – making it, by far, the largest single holder of U.S. Treasuries anywhere in the world.
from Press TV:
International Monetary Fund chief Kristalina Georgieva said Friday that the global economy is now in a recession thanks to COVID-19, but that she’s heartened to see world leaders finally realizing that only a coordinated effort will be able to stem the spread of the novel coronavirus.
“We have stated that the world is now in recession and that the length and depth of this recession depend on two things: Containing the virus and having an effective, coordinated response to the crisis,” she said.
from True Pundit:
Rhode Island police began stopping cars with New York plates Friday. On Saturday, the National Guard will help them conduct house-to-house searches to find people who traveled from New York and demand 14 days of self-quarantine.
“Right now we have a pinpointed risk,” Governor Gina Raimondo said. “That risk is called New York City.”
New York is the epicenter of the coronavirus outbreak in the U.S., on Friday reporting a total of 44,000 cases.
by Joe Martino, Collective Evolution:
Online censorship has a new disguise: fact-checking. But this article is also going to bring another reflection into view because it’s important we move away from the stories of “us vs them,” and this age-old paradigm of disconnection, and instead awaken a new awareness – connection and empathy. It’s in this that I believe we will truly find clarity and solutions to shift the type of thinking and consciousness we are being asked to shift at this time.
by Wolf Richter, Wolf Street:
Madrid area hospitals were forced into wartime-triage, denying care to the elderly in order to give the young a better chance.
This post takes a fresh look at key battlegrounds in the CoronaWar which we discussed last week. For local readers, I’ll take a unique and fresh look at the Bay Area, LA and California. Around the US and globally, Spain joins Italy’s misery, but New York continues to hold out! I share and discuss fresh graphs from a new website, 91-divoc.com by Professor Wade and his crew at U of Illinois.
from The Conservative Treehouse:
Many people suspected this would eventually happen, including us. Follow the sequencing here; watch the natural progression of the authoritarian state. This is important.
First LA Mayor Eric Garcetti released 1,700 inmates. Then the LA Sheriff tried to shut down all gun stores. Next, Garcetti appointed neighborhood monitors and threatened to shut down electricity and water services to non-compliant citizens. In his most recent action, the mayor admits to using Big Tech to monitor the location of residents and track their coronavirus compliance.
by Matthew Ehret, Strategic Culture:
Western society has long been gripped by a deep seeded belief in money. Trillions of dollars of bank notes tied to ever-growing mountains of un-payable national debts has taken on a life of its own over the years. As the post-1971 years rolled by, society increasingly lost a sense that this human invention called “money” was created to serve humanity rather than rule it, and with that lost sense, money became an idol of worship.
by Martin Armstrong, Armstrong Economics:
The former Prime Minister Gordon Brown has urged world leaders to create a temporary form of global government to tackle the twin medical and economic crises caused by the Coronavirus. He is no fool. He knows once there is the formation of anything pretended to be “temporary” it exists forever. Why are these people so intent upon trashing our freedoms and converting the world into an authoritarian paradise for them?
