Mar 062020
 
 March 6, 2020  Posted by at 11:22 am Finance Tagged with: , , , , , , , , , , , ,


Russell Lee Proprietor of small store in market square, Waco, Texas Nov 1939

 

China Pharma Exports Cut Would “Plunge US Into Mighty Sea Of Coronavirus” (ZH)
Coronavirus Could Erase $211 Billion From Asia-Pacific Economies – S&P (R.)
South Korea Protests Japan Travel Curbs As Corona Ignites Diplomatic Row (R.)
Vietnam Able To Make 10,000 Coronavirus Test Kits Per Day (VnE)
Boeing 737 MAX Certification Flight Could Come Within ‘A Few Weeks’ (R.)
Trump Attacks Biden’s Cognitive Health (G.)
Romney Says US Senate Republican Probe Of Biden Appears Political (R.)
Senator Schumer Expresses Regret For Supreme Court Comments (R.)
Elizabeth Warren’s Campaign Fell Apart In The Fall, And It Never Recovered (IC)
FBI Agents Linked To Carter Page Surveillance Barred From FISA Process (Turley)
Uneasy Calm In Syria’s Idlib As Russia-Turkey Ceasefire Takes Effect (R.)
Turkey Sends 1,000 Special Forces To EU Border To Prevent Migrant Return (ZH)
Erdogan’s Attempts to Blackmail Europe are Doomed to Fail (Coughlin)

 

 

The coronavirus focus shifts decidedly to the west. The increases in cases in the US and many European countries are scary. Greece from 9 to 31 cases, Germany doubles to 577, Netherlands have their first death. It’s been a while since we saw over 3,000 new cases in a day. The last time was when most were still in China.

We’ll pass 100,000 cases later today.

And judging from what US political figures and pundits say these days, you’d swear the virus may have reached their brains.

 

Cases 98,928 (+ 3,048 from Tuesday’s 95,880)

Deaths 3,390 (+ 102 from yesterday’s 3,288)

 

• Italy cases rise to 3,859 from 3,090 yesterday

• Netherlands cases rise from 38 to 82 (First death today)

• Germany cases from 283 to 577

• France cases from 285 to 423

• US cases from 158 to 233

• Canada cases from 37 to 48

• Sweden 52 to 101

• Belgium 23 to 50

• Greece 9 to 31

 

 

• Iran shuts 60,000 mosques.

Ben Hunt on Twitter:
• Just heard that Wells Fargo ordered employees to cancel all domestic travel plans, likely to require employees to work from home starting Monday. Wells Fargo has >270,000 employees.
• Walmart canceled a national meeting next week in Dallas of senior execs, store managers and distributors. Domestic travel eliminated.
• Dupont has grounded all domestic and int’l employee travel, banned all visitors from office meetings, and is exploring mandatory WFH.
• Procter & Gamble is doing the same with travel and visitors.

 

 

• Rudy Havenstein: “HEALTH NEWS: When you get the coronavirus, the official CDC recommendation to treat a runny nose, sore throat, cough, and fever is to lower the rate hedge funds can borrow at from 1.5% to 0%, and increase Treasury purchases to $200 billion per month.”

 

From SCMP:

 

 

From Worldometer (Note: mortality rate at 6%):

 

 

From COVID2019.app:

 

 

 

 

The benefits of globalization keep on giving.

China Pharma Exports Cut Would “Plunge US Into Mighty Sea Of Coronavirus” (ZH)

China’s CCP media mouthpiece, Xinhua News, has published a new article titled “Be bold: the world owes China a thank you.” In it, the author suggests that the coronavirus outbreak is much worse in the United States than authorities are letting on – while noting that President Trump praised China’s measures to control the outbreak during a recent press conference. Xinhua also points out that the US stock market “has plummeted continuously, with a drop of more than 12% in just one week.” The article then suggests the travel ban imposed on China – including the restriction of people who have visited China – was ‘unkind,’ and has had a ‘great economic impact’ on the country. The punchline? If China retaliates against the United States at this time, including a travel ban or a strategic restriction over medical exports, America would be “plunged into the mighty sea of coronavirus.”

[..] 80% of present medicines consumed in the United States are produced in China. This includes Chinese companies and foreign drug companies that have outsourced their drug manufacture in joint ventures with Chinese partners. According to Rosemary Gibson of the Hastings Center bioethics research institute, who authored a book in 2018 on the theme, the dependency is more than alarming. Gibson cites medical newsletters giving the estimate that today some 80% of all pharmaceutical active ingredients in the USA are made in China. “It’s not just the ingredients. It’s also the chemical precursors, the chemical building blocks used to make the active ingredients. We are dependent on China for the chemical building blocks to make a whole category of antibiotics… known as cephalosporins. They are used in the United States thousands of times every day for people with very serious infections.”


The made in China drugs today include most antibiotics, birth control pills, blood pressure medicines such as valsartan, blood thinners such as heparin, and various cancer drugs. It includes such common medicines as penicillin, ascorbic acid (Vitamin C), and aspirin. The list also includes medications to treat HIV, Alzheimer’s disease, bipolar disorder, schizophrenia, cancer, depression, epilepsy, among others. A recent Department of Commerce study found that 97 percent of all antibiotics in the United States came from China.

Read more …

Never a more hollow number was seen. Might as well be a rounding error.

Coronavirus Could Erase $211 Billion From Asia-Pacific Economies – S&P (R.)

A fast spreading coronavirus outbreak could knock $211 billion off the combined economies of the Asia-Pacific, with Japan, Hong Kong, Singapore and Australia among the most exposed, S&P Global Ratings said on Friday. S&P cut its 2020 growth forecast for China to 4.8% from previous estimate of 5.7%. It forecast Australian growth to slow sharply to 1.2% from an already below-trend 2.2% in 2019. Japan would take 0.5 percentage point hit and Korea a 1 percentage point knock. “The balance of risks remains to the downside due to local transmission, including in economies with low reported cases, secondary transmissions in China as people return to work and tighter financial conditions,” S&P said in a report.


In other forecasts, Hong Kong’s economy would likely contract by -0.8% in 2020, Singapore’s would flat line, and Thailand’s expansion likely slow to 1.6%. [..] S&P did not cut growth forecasts for emerging markets of Indonesia, Malaysia, the Philippines and India, citing the fact that reported infections in those countries were still low. However, it noted the outlook could quickly deteriorate if the low level of cases was due to minimal testing and if those countries were swept up in financial contagion.

Read more …

An ideal time to squabble. Well done.

South Korea Protests Japan Travel Curbs As Corona Ignites Diplomatic Row (R.)

South Korea issued a strongly worded protest on Friday against Japan’s decision to quarantine South Korean visitors for two weeks, as coronavirus containment measures ignited a fresh diplomatic row between the Asian nations. Japan joined the list of almost 100 countries that have imposed restrictions on South Korean travelers, barring arrivals from highly affected areas starting on Saturday and ordering a two-week quarantine for those from other regions. The South Korean foreign ministry said Japan’s ambassador would be summoned to explain Tokyo’s decision and receive a formal complaint. Seoul has previously summoned ambassadors from Vietnam and Singapore over similar travel restrictions.


“It is extremely regrettable Japan took this unreasonable and excessive step without sufficient prior consultation with us, and we strongly urge immediate reconsideration,” it said. Prime Minister Chung Sye-kyun said Seoul would respond with countermeasures, although he gave no details on what actions could be taken. The presidential Blue House discussed the issue at a meeting of its National Security Council, an official said. The row came as the number of new cases in South Korea, the country with the biggest outbreak of the flu-like virus outside China, fell to 196 from 760 the previous day, for a total of 6,284 infections. The death toll rose by seven to 42, the Korea Centers for Disease Control and Prevention (KCDC) said.

Read more …

Everyone’s better prepared than us.

Vietnam Able To Make 10,000 Coronavirus Test Kits Per Day (VnE)

The Ministry of Health has licensed commercial production of test kits that help diagnose the novel coronavirus infection in just one hour. It was developed jointly by the Vietnam Military Medical University and tech firm Viet A Corporation. It is based on reverse transcription polymerase chain reaction (RT-PCR), a technique that combines reverse transcription of RNA into DNA and amplification of specific DNA targets using a polymerase chain reaction (PCR). The kit can detect the new coronavirus in specimens of droplets obtained from the respiratory tract and blood samples.


Do Quyet, director of the university, said all tests done by the university and Viet A Corporation found the kit meeting World Health Organization and U.S. Centers for Disease Control and Prevention standards. Independent testing of the kit by the National Institute of Hygiene and Epidemiology on various disease samples using five different devices turned up completely accurate results every time, he said. [..] Phan Quoc Viet, CEO of Viet A, said his company could make 10,000 kits a day, and triple the capacity if needed. Authorities said this capacity would enable Vietnam to not only meet domestic demand but also export. China, the U.S., Japan, Germany, and now Vietnam are the only countries to make test kits for the new coronavirus.

Read more …

An A+ for timing. The industry announced just yesterday they expected losses of $120 billion or so.

Boeing 737 MAX Certification Flight Could Come Within ‘A Few Weeks’ (R.)

U.S. Federal Aviation Administration chief Stephen Dickson said on Thursday he thinks a certification test flight for the Boeing 737 MAX – a key milestone for the return of the grounded plane – could come soon. “We’re working though the last few software review and documentation issues and then I think within a matter of a few weeks we should be seeing a certification flight,” Dickson said at a Washington aviation conference. Reuters has previously reported that a certification flight is not expected until April and officials said that is still the case. The 737 MAX has been grounded for almost a year after two fatal crashes killed 346 people in five months.

Read more …

If you kill this an attack, you’ll run out of words soon.

Trump Attacks Biden’s Cognitive Health (G.)

Donald Trump attacked Joe Biden’s cognitive abilities on Thursday night during an event in the former-vice president’s hometown that could set the tone for an ugly general election. Appearing at a Fox News town hall in Scranton, Pennsylvania, Trump – who has faced repeated scrutiny over his own mental acuity – said there was “something going on” with Biden, in what may prove a rehearsal for Republican attacks during the presidential election. Thursday marked Trump’s first public event since Biden’s surprisingly strong performance on Super Tuesday, when he won 10 out of 14 states available to propel him into the lead in the Democratic primary.


Trump said he had been “all set” to face Biden’s rival Bernie Sanders, whom he called a “communist”, until the recent vote. “Then we have this crazy thing that happened on Tuesday, which [Biden] thought was Thursday, but he also said 150 million people were killed with guns and that he was running for the United States Senate. There’s something going on there,” Trump said. Biden – who did say those things – has a track record of gaffes and has turned in bumbling debate performances, but Trump’s line of attack raised the unedifying spectacle of an election focused on two men in their 70s attacking each other’s alleged cognitive decline.

Read more …

What sounds really political is Romney saying it.

Romney Says US Senate Republican Probe Of Biden Appears Political (R.)

U.S. Senator Mitt Romney, the lone Republican to vote to convict President Donald Trump of abuse of power following his impeachment, said on Thursday a Senate Republican investigation of Democratic presidential front-runner Joe Biden appeared politically motivated. Romney told reporters a probe of Hunter Biden, Joe Biden’s son, by Senate Homeland Security Committee Chairman Ron Johnson would be better pursued by the FBI or another federal agency “if there’s something of significance that needs to be evaluated.” Johnson is poised to issue the first subpoena in an investigation of Hunter Biden’s seat on the board of Ukrainian gas company Burisma when his father was U.S. vice president. Hunter Biden’s role has been attacked as corrupt without evidence by Trump and congressional Republicans.


“There’s no question but that the appearance of looking into Burisma and Hunter Biden appears political. And I think people are tired of these kind of political investigations,” Romney, a member of the homeland security panel, said. Trump was impeached on abuse-of-power and obstruction charges in the Democratic-led House of Representatives after he asked Ukraine to investigate the Bidens in July. He was acquitted by the Republican-controlled Senate. Democrats said Trump was trying to shore up his re-election prospects by targeting Biden. Trump continues to question Hunter Biden’s position at Burisma. “That will be a major issue in the campaign,” Trump told Fox News on Wednesday night. “I will bring that up all the time.”

Read more …

Brain virus.

Senator Schumer Expresses Regret For Supreme Court Comments (R.)

Chuck Schumer, the top U.S. Senate Democrat, expressed regret on Thursday for remarks he made a day earlier that two Supreme Court justices appointed by President Donald Trump would “pay the price” if they rule in favor of abortion restrictions. “I’m from Brooklyn. We speak in strong language. I shouldn’t have used the words I did. But in no way was I making a threat. I never, never would do such a thing,” Schumer said on the Senate floor amid Republican demands that he apologize for his comments about Justices Neil Gorsuch and Brett Kavanaugh. Schumer seemed to stop short of a full apology, saying instead that the words he used during an abortion rights rally outside the Supreme Court building directed at the two conservative justices “didn’t come out the way I intended to.”

“Of course I didn’t intend to suggest anything other than political and public-opinion consequences for the Supreme Court. And it’s a gross distortion to imply otherwise,” Schumer said. Fifteen Republican lawmakers introduced a Senate resolution on Thursday seeking to formally censure Schumer for what they called his “threatening statements” and to call on senators to “respect the independence” of the federal judiciary. At the Wednesday rally, Schumer said the two justices “won’t know what hit you” if they rule in favor of abortion restrictions in a case the Supreme Court was hearing that day involving a challenge to the legality of a Louisiana law that could make the procedure more difficult to obtain. “I want to tell you Gorsuch, I want to tell you Kavanaugh – you have released the whirlwind, and you will pay the price,” Schumer said during the speech.


Chief Justice John Roberts hours later condemned Schumer’s comments as “inappropriate” and “dangerous.”

Read more …

She herself looks on the edge of falling apart too.

Elizabeth Warren’s Campaign Fell Apart In The Fall, And It Never Recovered (IC)

Throughout 2019, Uncle Joe was barely touched by his opponents, each of whom hoped that either somebody else would hit him first or that Biden would just self-combust. Nobody wanted to look like they were doing Trump’s bidding, as he went after Biden relentlessly for corruption in Ukraine. And the two candidates who hit Biden head-on — Kamala Harris and Julián Castro — soon enough became cautionary tales. But had Warren done to Biden in the fall what she did to Bloomberg just recently, she may not have been the one to pay the price.

If a genuine ideological debate had broke out between Biden and Warren over the social role of Wall Street and corporate America, while Sanders was still struggling to escape the low double digits, a large swath of progressives may have rallied to Warren, eager for the fight. Warren had come into public life battling Biden over bankruptcy, and some of her harshest rhetoric ever has been directed at him, particularly as she warned that “senators like Joe Biden should not be allowed to sell out women in the morning and be heralded as their friend in the evening.” Instead, campaign advisers argued that the race should be treated more as if it was a game of golf — each player hitting their own shots, aiming for the best round — rather than boxing, where a punch is blocked and met with a counterpunch.


Warren situated her campaign as the heir to several generations of persistent women — from the Bread and Roses strike, to the garment workers in New York, washerwomen in Atlanta, and janitors in Los Angeles — but stopped short of taking the fight directly to Biden until it was too late. (Though she did bury Buttigieg in a wine cave, which must have been satisfying, if not ultimately enough to win.) On Super Tuesday, it became clear that in a contest for the support of suburban voters, Sanders is at a major disadvantage. That’s not the case with Warren, but by the time that contest came, she was no longer in it.

Read more …

After obtaining numerous -fraudulent- FISA applications.

FBI Agents Linked To Carter Page Surveillance Barred From FISA Process (Turley)

In a further demonstration of the abuses that led to the surveillance of Trump officials, the Foreign Intelligence Surveillance Act (FISA) court has barred FBI officials involved in the wiretapping of former Trump campaign adviser Carter Page from appearing before the court. in rebuke that exceeded the remedial recommendations made by the independent monitor recently appointed by the court. Notably, this goes beyond the recommendations for David Kris, the highly controversial choice as an independent monitor of reforms. The order of Judge Boasberg further belies arguments that the surveillance of the Trump-relate figures was well-based and justified, as I discussed in any earlier column.


Boasberg declared “FBI personnel under disciplinary review in relation to their work on FISA applications accordingly should not participate in drafting, verifying, reviewing, or submitting such applications to the Court while the review is pending. The same prohibition applies to any DOJ attorney under disciplinary review, as well as any DOJ or FBI personnel who are the subject of a criminal referral related to their work on FISA applications.” We will have to wait to see if there are meaningful reforms of this court. Boasberg made a baffling mistake in the appointment of Kris. Moreover, this is not a permanent ban. Most importantly, Sen. Rand Paul is being opposed in his efforts to put serious protections in place, including opposition from the Justice Department.

Read more …

Rania Khalek has an excellent overview of the years of western involvement that led to the mess.

The ceasefire doesn’t solve a thing though. Assad and Putin will never accept a terrorist enclave in Syria. They want Al Qeada et al gone. But to achieve that, Turkey will have to withdraw first. That is what Erdogan and Putin discussed for 6 hours yesterday.

Uneasy Calm In Syria’s Idlib As Russia-Turkey Ceasefire Takes Effect (R.)

Syria’s war-battered Idlib region was quiet but tense on Friday as a ceasefire deal between Moscow and Ankara took effect, with residents and opposition forces describing a lull in air raids that have pounded the last rebel-held enclave in Syria. Russia and Turkey made the agreement on Thursday evening, after six hours of talks in Moscow, to contain a conflict that has displaced nearly a million people in three months in northwest Syria. Russia and NATO-member Turkey back opposing sides in Syria’s nine-year-old war. Moscow supports President Bashar al-Assad and Turkey backs some rebel groups, and the two sides had been edging closer to direct confrontation in recent weeks.


Several previous deals to end the fighting in Idlib have collapsed. Analysts and residents said they feared the latest ceasefire would also fizzle out as it did not address the humanitarian crisis or air protection in any detail. “This deal isn’t designed to last, rather it is designed to fail – and I am afraid in the not too distant future,” said Galip Dalay, IPC-Mercator fellow at the German Institute for International and Security Affairs. “Any ceasefire arrangement in Idlib, unless it has a no-fly zone dimension, is bound to fail. Deals in the past never de-escalated. They merely froze the crisis until the next escalation.”

Read more …

Somebody needs to stop Erdogan in Europe, and Putin doesn’t see that as his job.

Turkey Sends 1,000 Special Forces To EU Border To Prevent Migrant Return (ZH)

Starting last week multiple journalists published proof that Turkish authorities were actively facilitating refugee and migrant movement toward EU borders after Erdogan began making good on his prior threat to ‘open the gates’ — angry over the unfolding Idlib crisis. This included footage of buses staged in Istanbul and other cities to take thousands to the land border with Greece. And now Ankara is now openly saying it’s implemented a policy of not only pushing migrants to the border, but ensuring they won’t come back — even after Greece shut its border and has been seen using harsh tactics to keep people from entering in a heightened militarized response.


Turkish Interior Minister Suleyman Soylu announced Thursday the deployment of 1,000 special operations police officers to ensure migrants can’t return. “Turkey will deploy 1,000 special operations police officers to prevent migrant pushback at the border,” the minister said, according to Turkey’s Daily Sabah. The newspaper reported further: “Soylu told reporters that the European Union’s border protection agency Frontex and Greece have pushed 4,900 migrants back to Turkey since March 1.” He also claimed 164 migrants had been injured by Greek border security and Frontex. The interior minister also estimated that almost 140,000 migrants are in the first wave headed toward Europe, which began departing Turkey last Friday.

Read more …

Erdogan sees Brussels as weak. Who’s going to prove him wrong? Or, put another way: what does Erdogan have to lose?

Erdogan’s Attempts to Blackmail Europe are Doomed to Fail (Coughlin)

If Turkish President Recep Tayyip Erdogan believes he can bully European leaders by provoking a fresh migrant crisis in southern Europe, then he would be well-advised to think again. Ankara’s announcement that it is once again opening the floodgates to allow millions of refugees from Syria’s brutal civil war to travel to south-eastern Europe in search of refuge has been taken to persuade European leaders to back Turkey’s increasingly desperate situation in Syria. Having launched an ill-considered military offensive against the Assad regime in northern Syria, Mr Erdogan now finds himself facing the consequences of his action, with regime forces, backed by Russia and Iran, waging a highly effective campaign against the Turks, which has so far resulted in the deaths of scores of Turkish troops.

In addition, Turkey’s decision to deploy thousands of troops to Idlib province in northern Syria has resulted in a fresh wave of refugees fleeing across the border into southern Turkey, where Turkish officials are already struggling to cope with the estimated four million Syrian refugees that have already sought sanctuary in the sprawling refugee camps. One of the main reasons that Mr Erdogan now finds himself facing this difficult predicament is that he has badly underestimated the nature of his relationship with Russian President Vladimir Putin.


When Turkey took the controversial decision last year to purchase Russia’s state-of-the-art S-400 anti-aircraft missile system, Mr Erdogan calculated that it would herald new era of friendly cooperation with Ankara’s long-standing rival in Moscow even if, by pressing ahead with the deal, the Turks risked jeopardising their relationship with NATO, which bitterly opposed the deal. There was certainly an expectation in Ankara that improved relations with Moscow would result in better cooperation between the two countries on the post-conflict settlement in Syria, especially regarding Turkey’s desire to establish a safe zone in northern Syria.

Read more …

 

 

 

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Home Forums Debt Rattle March 6 2020

This topic contains 25 replies, has 12 voices, and was last updated by  Dr. D 4 months ago.

Viewing 26 posts - 1 through 26 (of 26 total)
  • Author
    Posts
  • #54866

    Russell Lee Proprietor of small store in market square, Waco, Texas Nov 1939   • China Pharma Exports Cut Would “Plunge US Into Mighty Sea Of Cor
    [See the full post at: Debt Rattle March 6 2020]

    #54867

    V. Arnold
    Participant

    Russell Lee Proprietor of small store in market square, Waco, Texas Nov 1939

    Dr. Pepper is much better than Coke or Pepsi, IMO…

    #54869

    Dr. D
    Participant

    “When you get the coronavirus, the official CDC recommendation to treat a runny nose, sore throat, cough, and fever is to lower the rate hedge funds can borrow at from 1.5% to 0%, and increase Treasury purchases to $200 billion per month.”

    This is why half the Corona task force are economists. What does that tell you? Maybe it’s an economic attack, not a medical one? A real biovirus would kill people.

    China Pharma Exports Cut Would “Plunge US into Mighty Sea of Coronavirus” (ZH)”

    Hilarious, thanks. So that’s another industry we can move home instead of paying you to run. Employment + national security + insider control + free money to set it up. You know, like they just did re-opening and re-shoring rare earths in a hurry. And YOU’RE the guys who made it possible, convincing Americans it’s a good idea.

    Vietnam Able to Make 10,000 Coronavirus Test Kits Per Day (VnE)”

    Huh. Yet we can’t do THIS in a hurry. Why? Funny ol’ world.

    “Trump Attacks Biden’s Cognitive Health (G.)”

    The Guardian. ‘Nuff said. He doesn’t need to “attack” anyone, Biden speaks for himself.
    Anyway, reality time, they need Biden to get in, pick VP, then bow out for “health”, and then Hillary/Michelle pick THEIR VP, all legal and official-like.

    Romney Says US Senate Republican Probe of Biden Appears Political (R.)”

    Ah, only because Ukrainians are not real people but animals, Untermensch we who we don’t care about, Ukraine has ORDERED the U.S. to investigate this, via their 1995 Clinton treaty. And are they investigating Joe, or Hunter, who is not even in government but an ordinary citizen like you and I? A: Never. My side right or wrong. After 4 years of investigations meant to overthrow democracy and rig the ’18 & ’20 election, apparently finding nothing, then if you even SUGGEST that we investigate the other guy, ’cause fair’s fair, it’s illegal. Always for me, none for thee. Forever and ever, amen. We can take out, arrest, and remove Chris Collins, no problem, no comment, but cannot investigate any Democrat, anywhere, ever. We cannot even ask QUESTIONS about them. That’s freedom!

    Senator Schumer Expresses Regret For Supreme Court Comments (R.)

    Uncalled for, but I wouldn’t go crazy. I’m more interested in how they know which way they’ll vote already. Kavanagh voted PRO-abortion last time. Didn’t help. It’s facts, so no one cared. And I thought there were no “Obama Judges” or “Trump judges” because they were all unbiased as driven snow. Only the Democratic ones are? Because we are baffled and have no idea how RBG and Sotomayor will vote? Huh.

    Brain attack of brain virus indeed. Mine hurts from it.

    Elizabeth Warren’s Campaign Fell Apart in The Fall, and It Never Recovered (IC)”

    She went full Bernie (falsely) and as we now know, the DNC base doesn’t like Bernie. Not that they aren’t cheating too in Iowa and with Bloomberg, and just today, with Tulsi again, but not to this level. And probably set back women by a generation, thanks Liz.

    FBI Agents Linked to Carter Page Surveillance Barred From FISA Process”

    That can’t be, they were also pure as the driven snow. And yet if so, didn’t something illegal happen? And no one goes to jail? Yet the screaming, the screaming, the whining, crying, tantrum screaming: Nothing’s happened. One guy lost his pension which was back-filled by Soros with a GoFundMe. Good to be a Gangsta’

    Johnny cash showing he’s a true American.

    #54870

    oldandtired
    Participant

    Good to know that Vietnam will be able to provide test kits for everyone in America. At ten thousand kits a day we should have everyone tested in about a 100 years.

    #54871

    zerosum
    Participant

    THE CON VIRUS IS RUNNING WILD

    Larry K. is running at the mouth. Stock market going down, down, Buy, buy, time to buy, convirus is oiling the printing press, there are job, jobs repeat, repeat, its not dementia, do not over react.

    People buy toilet paper because they are panicking or “shitting themselves”

    https://www.cdc.gov/nchs/products/databriefs/db355.htm
    Mortality in the United States, 2018

    The con virus is a new cause of death. Therefore, some other cause must be going down. (…. 3.6% then 8% then 14.8% when your 80 yrs old)

    Be nice to your grand parents before the medical establishment puts them in the poor house.

    Who will pay the mfg., and the testers when they test you, and the homeless for the convirus?

    Is the USA going to let the homeless die in the street because they cannot pay for a bed in a care home or a hospital?

    #54872

    “Is the USA going to let the homeless die in the street because they cannot pay for a bed in a care home or a hospital?”
    Hmmmmm.
    Yup.

    #54873

    boilingfrog
    Participant

    Pompeo blasted China for its lack of transparency.

    “That’s not the way infectious disease doctors tell me it should work. It’s not the way America works with transparency and openness and the sharing of the information that needs to take place.”

    (Hey Mr. Pompeo, we’ve got Julian Assange on the other line…please, please tell us again how transparency and openness works here in America. He’s dying to know)

    #54875

    lms
    Participant

    I appreciate the range of sources found on this site. On the other hand I don’t think we need to read every little thing Jonathon Turley has to say.. Or Jim Kunstler. At least Kunstler can write and he’s a fun read. That first paragraph of Turley’s is unintelligible. Unless you know exactly what he is trying to say, it makes no sense. You’d think he could afford an editor.

    #54876

    hostebbe
    Participant

    Hey Dr. Remember that report of the three crematoria in Wuhan burning out from overuse? The way things are progressing in Europe and North America we will soon find out whether our crematoria are of a more robust construction.

    #54877

    WES
    Participant

    I think we in the west are now entering the exponential phase of the coronavirus.

    Cases doubling or tripling every day now.

    In Canada and the US we are still limited to just a few hundred tests per day.

    #54878

    zerosum
    Participant

    Who is paying 3,500 X
    People on a cruise are not poor

    https://www.msn.com/en-us/news/us/vp-pence-says-21-people-on-the-grand-princess-cruise-ship-off-california-coast-have-tested-positive-for-coronavirus/ar-BB10QVn0?ocid=spartandhp

    Vice President Mike Pence on Friday said 21 people on the Grand Princess cruise ship moored off the coast of California have tested positive for coronavirus.

    Of the 21 people who tested positive, 19 are crew members and two are passengers, Pence said, adding that the ship will be brought to a non commercial port and every person tested. “Those who need to be quarantined will be quarantined,” Pence said in a briefing.
    There are more than 3,500 people aboard the ship.

    #54879

    zerosum
    Participant

    ” …. 19 are crew members “

    Minimum wage jobs. Will the company take care of the quaranteen, test, meds etc for their employee
    Will the cruise company send an invoice for expenses to the USA to get paid from the $8.3 billion

    #54880

    zerosum
    Participant

    Don’t worry. Send the invoice. There is $8.3 billion
    Since the first screener tested positive on Tuesday, LAX and DHS have been testing all the screeners who work at the airport, according to the LA Times.

    #54881

    WES
    Participant

    Raul:. Interesting picture re-1900.

    The bananas displayed were the original more tasty Gros Michel bananas that got wiped out in the 1950s by the Panama disease or banana wilt.

    Today we eat the Cavendish banana which is resistant to the Panama disease.

    However, a new worse fungus has developed that attacks Cavendish bananas and many other banana varieties.

    #54882

    WES
    Participant

    Zerosum:. We all know everybody will have gotten the coronavirus and died before the issue of who pays for the tests is resolved.

    #54883

    VietnamVet
    Participant

    There are 520 Filipino crew members aboard the Grand Princess off of California. This is a real “Voyage of the Damned”. The Trump Administration could care less what happens to them. It will be a replay of the Diamond Princess. The quarantine will break. The passengers and crew dispersed to infect others unless the State of California prevents it.

    Charles Hugh Smith is correct. This is a binary situation.
    charleshughsmith.blogspot.com/2020/03/the-gathering-storm-could-covid-19.html

    Either there is a miracle (Donald J Trump is connected to higher powers) or science is correct. Covid-19 will overwhelm the USA in the months ahead. Unlike China, Singapore and South Korea, America is incapable and didn’t even try to dampen down and extend the epidemic. Inequality, offshoring and greed fatally weakened Western government. The hotspots from this and that cruise ship (NY. MD & CA), other overseas travelers and airport screeners will merge. The USA will literally crash into a pandemic depression until a safe and effective vaccine is available. Millions will die. The for-profit healthcare system overwhelmed. The survivors will be young, healthy, isolated, preppers and damn lucky. For the duration of the epidemic there will be no supply and no demand except those taking a risk to supply and get life’s essentials.

    Seattle WA is becoming a Ghost Town:
    https://www.thedailybeast.com/coronavirus-is-turning-seattle-into-a-ghost-town

    #54884

    WES
    Participant

    VietnamVet:. What I would really like to know is what we’re the thousands of people inside the CDC doing between the time President Trump shutdown flights from China in early January up until now?

    I remember when he stopped the flights from China, the big uproar of indigination from all the Democrats in congress and media.

    Were the CDC people deliberately sitting on their hands as instructed by the Democrats????

    It sure looks like it! Obviously the CDC did nothing to prepare for this coronavirus!

    Pointing the finger at the one man who has been fighting the deep state tooth and nail since the day he arrived, just seems far too easy. The blame game sure as hell doesn’t help a single person.

    #54885

    zerosum
    Participant

    The right way
    Look at the way first responders are dressed in China when dealing with a patient that is contaminated with a deadly virus. Notice full body protection. Top of head to bottom of feet.

    Now look at the USA pictures. ie. Moving a patient on a stretcher and holding up a sheet for privacy but the person is not wearing any protection gear. Keep looking and you will find many deficiencies.
    I think the virus is going to spread.

    #54886

    V. Arnold
    Participant

    I think the virus is going to spread.

    You can take that to the bank.
    The Keystone Cop response to the pandemic, that’s in their face, should speak volumes to just how far the U.S. has fallen.
    U.S. society is well broken; there is no possibility of repairing it…
    A new paradigm must be found; or the vaccum will be filled by the worst of the worst…
    My fear is that is already happening; cv-19 is a handy, if deadly, distraction…

    #54887

    Hey! My state has joined the eerily bluestatish map of cases of Sars-CoV-2 (US).
    I hope she’s okay.
    I have a picture of a cruise ship on my refrigerator (which still accepts magnets) that has my sharpie heading on it: THIS IS HELL.
    You couldn’t PAY me enough to take a cruise ship voyage. i feel claustrophobic just thinking of it. And the tiny towns that are ruined with the tourism… Ah, yes , money, money, money… but at what cost?
    What are the other benefits of this Covid nightmare? I wanted a market correction, for example, but i was hoping it would be a correction of value. I did not wish that value itself would evaporate.
    Geez. I almost want to take out a loan- my parents did alright with their cheap mortgages- 4% when mine was 14%. A 2.5% loan… what could go wrong?

    #54888

    I would like to give a shout out to Cathal Haughian, who said on feb 15, 2020 that in five days the reset would begin. if you haven’t heard of him, check him out. He was the first guy I knew to use the term “reset” [as it is meant now], and I think I will bury my copies of his three books in a time capsule in my back yard.
    Cheers, Putrid!

    #54889

    V. Arnold
    Participant

    Of some personal consolation; Thailand is rated 6th best healthcare in the world.
    The 48 confirmed cases in Thailand thus far break down to 16 still being treated in medical facilities, 31 recovered and one dead.
    My wife and I are both well covered by her government healthcare (she was a civil servant).
    Fortunately we’re both healthy with no underlying health issues.
    So far so good…lots of Vita-C & D3…

    #54890

    zerosum
    Participant

    @ V. Arnold
    Take care.
    Don’t stand down wind.

    #54891

    V. Arnold
    Participant

    @ V. Arnold
    Take care.
    Don’t stand down wind.

    Thank you; we won’t. We’re trying to be diligent and still living our life; but with a wee bit more caution…
    Cheers zero…

    #54897

    boscohorowitz
    Participant

    “Welcome to the strange new world of social distancing in Seattle, national epicenter of the 2019 novel coronavirus outbreak that causes the infectious disease known as COVID-19.”

    From The Daily Beast article linked above.

    #54904

    Dr. D
    Participant

    “let the homeless die in the street”

    Actually, being homeless is the only way you CAN get a hospital bed. Nobody working can afford it. We can get one, but they’ll take the house and car and then we WILL be homeless. #Irony. We provide services only to those who don’t work and can’t pay for them. If you work: get lost. No soup for you. Die in a hole. Maybe not productive for the building of more masks and beds?

    I think we in the west are now entering the exponential phase”

    Maybe, but somebody needs to show me some numbers. No test kits, fine, where are the ICU patients?

    “LAX and DHS have been testing all the screeners”

    Problem: all over, the tests don’t work and are negative.

    This is a binary situation. …Trump is connected to higher powers…”

    Not really. They’re lying. But the problem is WHERE are they lying? Millions will die, but millions die every year and no one ever cared before. They encouraged it. 30-60K/yr opioids and they couldn’t get enough! We have 11. Now they care? Whiskey Tango Foxtrot. We’ve passed vending machine deaths, are we up to lightning strikes? Or diarrhea? Probably not. Certainly not flu or heart disease which has killed 100,000-odd while we’ve been talking.

    big uproar of indigination”

    Ah! Seems like only yesterday a GOP Congressman saying China –might– be less-than-forthcoming with us was shouted down as the height of dangerous unhinged tinfoil hat conspiracy theories, because –NOTHING– was happening and it was all made up. How times change. Now only a week later the same GOP congressmen saying it’s not ebola-zombie-apocalypse-armeggedon-from-Mars are the dangerous tinfoil-hat conspiracy-denier-haters, because they won’t say it’s bad enough for CNN. The guy who they would impeach for shutting down travel again is now they guy who denies science and never did nothin’. #Logic! It’s always a million-billion degrees or absolute zero, no in-between.

    “Cathal Haughian” The other cycles guys said too, Charles Nenner and Bo Polny and probably Armstrong. Of course that’s market only. Asked what would cause it, they said, “I dunno!!! Because that’s the cycle.” In the up, bad news in good news for every reason (lately, the Fed will print) and in down cycles, good news is bad news. So it isn’t the news at all, then, is it? It isn’t the events. Costco never made such profits as Q1 sales just now. No one cares. We all knew there would be a reset. We just didn’t think they could delay it for a lifetime: 20 years. But that’s the cycle. For decades, everyone knew things had to change, thousands protest, then one day one unknown priest nails a paper to a door. Boom! Time/cycle now opens. He just happened to be standing there. But I said we’d have a reset right now from their actions, T and the Fed were setting it up and pulling the plug way back, specifically Sept 14th 2019. Which they said they would. Because what can’t go on, won’t.

    Question is, they were planning to drop it, trap the shorts, and spiral dizzily into Nov 2020 election. Will that plan be derailed now? Nenner says so at least, we’ve seen the high. But this is a yawn: it was always going to happen, we all said it going way back, people like Polny even picked the day. No one noticed when Spanish Flu killed people. Even a few years later it wasn’t in any movies, only dry history books. Same now. Life goes on, perennial as grass.

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