Saturday, October 31, 2020

HALF OF ALL STARBUCK STORES CLOSED DUE TO CORONAVIRUS

by Harvey Organ, Harvey Organ Blog:

GOP STATES THAT THEY HAVE ENOUGH VOTES TO STOP WITNESSES AND VOTE FOR ACQUITTAL OF TRUMP: POWELL ANNOUNCES MORE REPO OPERATIONS UNTIL AT LEAST APRIL//GOLD UP $.40 TO $1571.40//SILVER UP 2 CENTS TO $17.51//HALF OF ALL STARBUCK STORES CLOSED DUE TO CORONAVIRUS//ISRAEL TO ANNEX PARTS OF THE WEST BANK AS PART OF TRUMP’S DEAL OF THE CENTURY//YEMEN’S HOUTHIS LAUNCH MISSILE ATTACK ON SAUDI REFINERS AND MISSED//USA SHIP ON FIRE OFF THE COAST OF UAE//COPPER PLUNGES//MORE SWAMP STORIES FOR YOU TONIGHT

Will Negative Interest Rates Be the Last Straw?

by Clint Siegner, Money Metals:

Zero Interest Rate Policy (ZIRP) was considered “extraordinary” when central bankers rolled that out roughly ten years ago. At that time, people would still have laughed at the idea of negative interest rates. Lenders didn’t pay borrowers and nobody paid their bank to hold their deposits.

So much has changed in the past 10 years. Now negative interest rate policies (NIRP) look set to go viral.

German banks will soon start toeing the European Central Bank line and pass negative rates on to depositors there. Germans who endured zero interest rates and somehow still want a savings account will now have to pay for the “privilege.”

STEEL INDUSTRY IN THE US: FALLING STOCK PRICES & LAYOFFS

by Mac Slavo, SHTF Plan:

Donald Trump’s trade war and the nasty tariffs that have come along with it are causing the American steel industry to go belly up.  More layoffs and falling stock prices are only the beginning for an industry that was once the backbone of the American economy.

A Michigan steel plant has announced it will close at the end of the year, while United States Steel stocks are down 75 percent since Trump’s tariffs were announced.  Trump’s intention may have been to “resurrect” American steel, but it’s become too obvious that that isn’t happening, and his trade war is devastating the entire industry.

Money—How to Get It and Keep It

by Doug Casey, International Man:

Even if you are already wealthy, some thought on this topic is worthwhile. What would you do if some act of God or of government, a catastrophic lawsuit, or a really serious misjudgment took you back to square one?

One thing about a real depression is that everybody loses. As Richard Russell has quipped, the winners are those who lose the least.

WEAPONIZATION OF FOOD: STARVATION TO MANUFACTURE COMPLIANCE

by Mac Slavo, SHTF Plan:

The elites are doing their best to cut the food supply chains in order to weaponized food.  At the end of the day, if they succeed, you will be trading your freedom for a small morsel of food.

The L.A. Times reported that “coronavirus outbreaks” at 60 food processing plants will be the cause of the supply chains breaking, and an inability to get food to store shelves. Prepare for a food shortage, as it looks like they will attempt to use hunger and food as a weapon in this game for your mind.

Dirty Details Emerge as to Why Mnuchin Is Fighting Congress Over Releasing the Names of Recipients of PPP Loans

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

Taxpayers’ money is being used to make the Paycheck Protection Program (PPP) loans. Thus, the public has every right to know the names of the recipients of those loans. Despite originally promising transparency, U.S. Treasury Secretary Steve Mnuchin is now stonewalling Congress on releasing a list of the recipients.

Congress sold the plan to the public on the basis that the loans would go to small businesses with less than 500 employees. The funds were to be predominantly used to keep workers employed and allow the businesses to survive the coronavirus shutdowns.