TSLA Surges After S&P Announces It Will Add Automaker At Full Float

TSLA Surges After S&P Announces It Will Add Automaker At Full Float Tyler Durden Mon, 11/30/2020 - 17:31 Leave it to Tesla army of momentum-chasing fanatics to send the stock surging not once but twice on S&P inclusion news. Two weeks after TSLA hit an all time high after S&P unexpectedly announced that it would include the EV maker in the S&P on December 21, moments ago - in an anticipated announcement - S&P Dow Jones Indices said it has determined that it will add Tesla to the S&P 500 at its full float-adjusted market capitalization weight effective prior to the open of trading on December 21. Ahead of the determination, S&P considered the expected liquidity of Tesla and the market’s ability to accommodate significant trading volumes. In the end it picked the simplest solution: basically absorbing the entire company in one go. S&P also said that after the market close on December 11, pro-forma files will be distributed, and a press release will be published announcing which company Tesla will replace in the S&P 500. Considering that the S&P inclusion is expected to result in some $11 billion in mandatory purchases it is safe to say that TSLA has gotten more than a fair share of upside, with the stock surging by $200 since the S&P announcement, an addition of more than $200 billion to its insane market cap. What's better is that after surging on Nov 16, the stock spiked some more for good measure after today's announcement - as if it was a surprise - with the stock up 5% after the close, or adding an additional $20BN in market cap on the exact same news. Because efficient "markets."
http://dlvr.it/RmkS35

Watch: CNN Cancels Christmas - "We Just Can't Do It This Year"

Watch: CNN Cancels Christmas - "We Just Can't Do It This Year" Tyler Durden Mon, 11/30/2020 - 17:01 Authored by Steve Watson via Summit News, Not content with metaphorically canceling Christmas in recent years in an attempt to be ‘woke’, CNN wants to literally cancel the holiday this year, declaring “we just can’t do it” because of COVID. CNN Newsroom host Boris Sanchez rolled out “medical analyst” Dr. Jonathan Reiner, setting up the segment by announcing that Reiner had last week called Thanksgiving “the mother of all super spreader events.” The Grinch then decreed that Americans shouldn’t even be thinking about gathering or traveling for Christmas. “People tend to travel, want to travel, want to be with family, but we just can’t do it this year,” Reiner declared. Turning up the panicometer, Reiner proclaimed that “We’re going to cause needless deaths and particularly that’s among people we really care about, you know, our most vulnerable, our grandparents, our parents, our — our neighbors.” “We can’t travel this year. We need to stay home,” Reiner asserted, adding “This is a sacrifice that Americans can make and we should be making it for each other.” “Stay home, mask up, we’ll have a great series of holidays next year. We’ll really have something to celebrate next year,” Reiner concluded. Why Americans should listen to this guy is anyone’s guess, particularly given that he previously told viewers that simply going outside and breathing could be deadly: Imagine someone watching CNN (it is hard to do), and then imagine them listening to this clown and calling their relatives to tell them Christmas is off. Not going to happen, unless you are this guy: what do you mean you don’t want to stay in your house for the rest of your life?? pic.twitter.com/Oqa1Pm1DzH — Halo: Combat Evolved (@HaloCEofficial) November 28, 2020
http://dlvr.it/RmkNcN

A Vaccine Won't Cure The 20-Year "Widow-Maker" Trade

A Vaccine Won't Cure The 20-Year "Widow-Maker" Trade Tyler Durden Mon, 11/30/2020 - 14:25 Authored by Lance Roberts via RealInvestmentAdvice.com, Will a vaccine cure the 20-year “Widow-Maker” trade? In 1999, a media personality stated that “investing like Warren Buffett was like driving dad’s old Pontiac.” Of course, that was at the height of the Dot.com bubble, and soon after, “value investing” paid off. Unfortunately, it didn’t stick. The Widow-Maker Trade It wasn’t just 1999. In 2007, individuals were chasing the “momentum” in the real estate market. Individuals left their jobs to pursue riches in housing. They were willing to “pay any price” under the assumption they would be able to sell higher. Of course, it was not long after Ben Bernanke uttered the words “the subprime market is contained,” the dreams of riches evaporated like a “morning mist.”  In 2020, investors are again chasing “growth at any price” and rationalizing overpaying for growth. As I discussed in the “Death Of Fundamentals:” “Such makes the mantra of using 24-month estimates to justify paying exceedingly high valuations today, even riskier.” Chart updated as of November 2020 Given the massive government and Federal Reserve interventions over the last decade, it should be of no surprise that “growth” has outperformed. For “value investors,” it has been a “decade of pain.” The rise of passive indexing, algorithmic trading, and massive amounts of liquidity have destroyed price discovery in the markets. Reasons For Under-Performance In a recent discussion on “Value Is Dead,” we referenced a Research Affiliates article that noted the under-performance reasons. “An investment strategy, style, or factor can suffer a period of underperformance for many reasons. * First, the style may have been a product of data mining, only working during its backtest because of overfitting.  * Second, structural changes in the market could render the factor newly irrelevant.  * Third, the trade can get crowded, leading to distorted prices and low or negative expected returns.  * Fourth, recent performance may disappoint because the style or factor is becoming cheaper as it plumbs new lows in relative valuation.  * Finally, flagging performance might be a result of a left-tail outlier or pure bad luck.  If the first three reasons imply the style no longer works, and will not likely benefit investors in the future, the last two reasons have no such implications. With today’s value vs. growth valuation gap at an extreme (the 100th percentile of historical relative valuations), it sets the stage for a potentially historic outperformance of value relative to growth over the coming decade.” The underperformance is quite stunning. The chart shows the difference in the performance of the “value vs growth” index. The index compares the pure value to a pure growth index, with each based on a $100 investment. While value investing always provides consistent returns, there are times when growth outperforms value. The periods when “value investing” has the most significant outperformance, as noted by the “blue shaded” areas, are notable. When things ultimately go “pear-shaped,” the return to value tends to be a swift event. For investors, it is crucial to grasp what decades of investment experience tell us about the future. When the cycle turns, we have little doubt the value-growth relationship will revert to its long-term mean. Is The Vaccine Announcement The Turning Point Recently, Kevin Muir published a piece with an important message: “The virus is done. The scientists won. They nailed it…markets will look through any (short term) negatives and realize the end is in sight.” He goes on to make a case for “why” the Pfizer vaccine (and the other vaccines that will follow) may be the “silver bullet” that the market has been waiting for. Kevin’s view is the market is a discounting mechanism, and the “Smart Money” will focus on the future. Primarily, he hopes, the “Buying Value/Selling Growth” trade, which has been a widow-maker trade for the past 20 years, will be changed by the “vaccine.”  I doubt the “vaccine” will cure the ills of “value” any time soon as it does not address the primary issues driving the “momentum chase” currently. Refer back to the Research Affiliates comments above.  Does a vaccine change: * The effect of “data mining” on investment styles? No. * The “structural changes” to the market (i.e. proliferation of ETF’s)? No. * A crowded trade that leads to a distortion of prices? No. The “vaccine” does not cure the most massive problem for value stocks – actual value. The Lack Of Value In “Value” As a “fundamental” and “value” based investor, the lack of performance in value versus growth has undoubtedly been frustrating. However, one of the biggest problems is the astonishing lack of value in “value.” Be careful about what you are paying for. pic.twitter.com/P6wkg2kb4O — Lance Roberts (@LanceRoberts) September 18, 2020 The chart is pretty stunning but needs some explanation. Here is the issue with intangible assets. “Intangible assets are typically nonphysical assets used over the long-term. Intangible assets are often intellectual assets. Proper valuation and accounting of intangible assets are often problematic. Such is due in large part to how intangible assets are handled. The difficulty assigning value stems from the uncertainty of their future benefits. Also, the useful life of an intangible asset can be either identifiable or non-identifiable. Most intangible assets are long-term assets meaning they have a useful life of more than a year.” – Investopedia Read the bolded sentence again. In many cases, the value of intangible assets is often overly optimistic assumptions about the companies worth. We recently quoted Raconteur on this particular issue: “Tangible assets are easy to value. They’re typically physical assets with finite monetary values, but over the years have become a smaller part of a company’s total worth. Technology disruption continues in artificial intelligence, robotics and cloud computing. As such, intangible assets have grown to represent the lion’s share of corporate valuations. But without a physical form and the ability to easily convert them into cash, working out what these assets are truly worth can be challenging.” The Debt Problem The most significant problem for the majority of companies in the “value” space is debt. As we have discussed previously, in just the last 10 years, the triple-B bond market has exploded from $686 billion to $2.5 trillion—an all-time high. “To put that in perspective, 50% of the investment-grade bond market now sits on the lowest rung of the quality ladder.  And there’s a reason BBB-rated debt is so plentiful. Ultra-low interest rates have seduced companies to pile into the bond market and corporate debt has surged to heights not seen since the global financial crisis.” – John Mauldin The debt issuance is problematic as companies used it for non-productive investments such as stock buybacks and dividend issuance as corporate profitability remained extraordinarily weak over the last decade.  As discussed in “The Importance Of The Buffett Indicator,” corporate profits are at the same level as in 2009, while markets are at all-time highs. Exactly where is the “value?”  Notably, corporate profits are a reflection of economic growth rates, and a “vaccine” will not cure the problem plaguing profitability long-term—the debt. Value Needs Strong Economic Growth & Higher Rates The problem with the “vaccine will lead to a value rotation,” is such would require more robust economic growth and higher rates for increased profitability.  * Banks – need higher interest rates * Energy – needs higher oil prices  * Materials – needs more substantial economic growth driving physical investment. * Industrials – same as materials. Here is where the “rotation to value” runs into problems.  Let’s start with the banks. If interest rates were to rise substantially, the economy contracts due to the economy’s massive debt levels. We showed this specifically in “The Fed Will Monetize All Debt Issuance..” “In an economy laden with $75 Trillion in total debt, higher interest rates have an immediate impact on consumption, which is 70% of economic growth. The chart below shows this to be the case, which is the interest service on total credit market debt. (The chart assumes all debt is equivalent to the 10-year Treasury, which is not the case.)” What about energy stocks? No one believed me in 2017 when I stated that oil prices were going to remain low.  “With respect to investors, the argument can be made that oil prices could remain range-bound for an extremely long period of time as witnessed in the 80’s and 90’s.“ Energy companies still have a massive supply/demand imbalance that existed long before the “pandemic” hit the economy. While a vaccine may provide a short-term boost, the underlying fundamentals are still not supportive of a long-term rotation.  Energy companies, along with basic materials and industrials, need stronger economic growth. That isn’t coming. Weaker Economic Growth A vaccine will not solve the longer-term problems plaguing weaker economic growth rates and stronger fundamentals. As we discussed previously in the “One-Way Trip Of American Debt,” the economic growth rate has been undermined by the surge in debt over the last decade.   “Before the “Financial Crisis,” the economy had a linear growth trend of real GDP of 3.2%. Following the 2008 recession, the growth rate dropped to the exponential growth trend of roughly 2.2%. Instead of reducing the debt problems, unproductive debt and leverage increased.” As stated, the sectors believed to be part of the “value trade” requires stronger economic activity. Such would lead to higher rates of inflation and higher interest rates. As rates rise, so do rates on credit card payments, auto loans, business loans, capital expenditures, leases, etc., while also reducing corporate profitability. In an economy supported by debt, rates must remain low. Therefore, the Federal Reserve has no choice but to monetize as much debt issuance as is needed to keep rates from substantially rising. The byproduct of those actions is weaker economic growth and lower rates of inflation. As shown, since 2009, inflation has consistently run well below the Fed’s target. Unfortunately, higher levels of debt continue to retard economic growth keeping the Fed trapped in a debt cycle as hopes of “growth” remain elusive. The current 5-year average inflation-adjusted growth rate is just 1.64%, a far cry from the 4.79% real growth rate in the ’80s. A “vaccine” for COVID-19 is entirely different than what is needed to cure the “debt problem.” The Rotation Is Likely Short-Lived Look back at the first chart above. Based on two-year forward earnings estimates, the Russell 2000 (small-capitalization companies) are trading at historical extremes. Compound valuation problems, with the debt problem, and the lack of actual “value,” the issue becomes more apparent. Given the Federal Reserve’s monetary injections and suppression of interest rates, it is not surprising to see companies leveraging their balance sheets. As interest rates have plunged, corporations have hit a record issuance of debt to pay dividends and engage in other non-productive actions. The increased leverage of corporate balance sheets is problematic, particularly given already weak revenue growth for S&P 500 companies. The rotation from “growth” to “value” is inevitable. With that, we agree. However, a  “vaccine” doesn’t solve the problems plaguing economic growth, suppressing inflation, and keeping Central Bankers flooding the markets with liquidity.  Those problems can only get solved against a backdrop of devastation for the majority of investors. When there is a true reversion in leverage, debt, and valuations, the foundation for a “value rotation” will be laid. 
http://dlvr.it/Rmk19T

Killing The Future: COVID Madness Will Lead To HALF A MILLION Fewer U.S. Births In 2021

by Paul Joseph Watson, Summit News: Analysts say this will have a long and profound impact on the economy for many years to come Research has concluded that the US will experience 500,000 fewer births in 2021, as couples choose not to have children because of the coronavirus fallout. The findings by the Brookings Institute […]
http://dlvr.it/RmjvV2

Trump Expands China Crackdown, Adds China's Top Chipmaker And Oil Producer To Defense Blacklist

Trump Expands China Crackdown, Adds China's Top Chipmaker And Oil Producer To Defense Blacklist Tyler Durden Mon, 11/30/2020 - 08:10 In hopes of making a renormalization in relations with Beijing next to impossible for Joe Biden, the Trump administration is poised to add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to U.S. investors and escalating tensions with Beijing. The latest crackdown comes after a report from Reuters earlier this month that the Department of Defense (DOD) was planning to designate four more Chinese companies as owned or controlled by the Chinese military, bringing the number of Chinese companies affected to 35. A recent executive order issued by President Donald Trump would prevent U.S. investors from buying securities of the listed firms starting late next year. It was not immediately clear when the new tranche, would be published in the Federal Register. But the list comprises China Construction Technology Co Ltd and China International Engineering Consulting Corp, in addition to Semiconductor Manufacturing International Corp (SMIC) and China National Offshore Oil Corp (CNOOC), Reuters reported. SMIC said it continued “to engage constructively and openly with the U.S. government” and that its products and services were solely for civilian and commercial use. “The Company has no relationship with the Chinese military and does not manufacture for any military end-users or end-uses.” Shares in SMIC closed 2.7% lower on Monday. CNOOC’s listed unit CNOOC Ltd, whose shares fell by almost 14% after the Reuters report, said in a stock market statement that it had inquired with its parent and learnt that it had not received any formal notice from relevant U.S. authorities. Later on Monday, Bernstein Research downgraded CNOOC Ltd’s stock to ‘market perform’ by applying a 30% discount to share price targets, citing sanction risks that range from a ban on U.S. funds owning CNOOC stock to prohibiting US companies from doing business with CNOOC. China’s foreign ministry spokeswoman Hua Chunying said, in response to a question about Washington’s planned move, that China hoped the United States would not erect barriers and obstacles to cooperation and discriminate against Chinese companies. The upcoming move is seen as seeking to cement Donald Trump’s tough-on-China legacy and to box incoming Democrat Biden into hardline positions on Beijing amid bipartisan anti-China sentiment in Congress. The list is also part of a broader effort by Washington to target what it sees as Beijing’s efforts to enlist corporations to harness emerging civilian technologies for military purposes. Reuters reported last week that the Trump administration is close to declaring that 89 Chinese aerospace and other companies have military ties, restricting them from buying a range of U.S. goods and technology. The list of “Communist Chinese Military Companies” was mandated by a 1999 law requiring the Pentagon to compile a catalog of companies “owned or controlled” by the People’s Liberation Army, but DOD only complied in 2020. Giants like Hikvision, China Telecom and China Mobile were added earlier this year.
http://dlvr.it/Rmhr88

Situation Update – Nov. 28th – ART OF WAR: How Trump won the election BEFORE Nov. 3rd… now it’s just playing out for all to see

by Mike Adams, Natural News: President Trump won the 2020 election well before Nov. 3rd, and he did it by knowing his enemy and the tactics they would try to use to steal votes and rig the outcome. He knew them so well that he signed an executive order on September 12, 2018 which described […]
http://dlvr.it/Rmfvnq

A Gun Battle Over the Servers??, 3374

from The Still Report: TRUTH LIVES on at https://sgtreport.tv/
http://dlvr.it/RmfrpK

The ‘smartest man in the room’ has joined Sidney Powell’s team

by Andrea Widburg, American Thinker: In her Georgia complaint, Sidney Powell included the declaration of Navid Keshavarz-Nia, an expert witness who stated under oath that there was massive computer fraud in the 2020 election, all of it intended to secure a victory for Joe Biden.  Dr. Kershavarz-Nia’s name may not mean a lot to you, but […]
http://dlvr.it/RmfZT8

How Covid 19 Vaccine Trials are Rigged, Operation Warp Speed & Operation Moon Shot Audiobook

http://dlvr.it/RmfTYR
http://dlvr.it/RmfTYR

Hungary And Poland Create The Unbridgeable Gap Of The Great Reset

Hungary And Poland Create The Unbridgeable Gap Of The Great Reset Tyler Durden Sun, 11/29/2020 - 08:10 Authored by Tom Luongo via Gold, Goats, 'n Guns blog, There comes a point where negotiation becomes surrender. Those actively undermining you will always demand more than their right. Those behind the Great Reset have been creating no-win situations for voters for decades to this exact end. Over the summer Hungary’s Viktor Orban and Poland’s Mariusz Moraweicki led the opposition to the EU’s budget and COVID-19 relief package standing firm that funds not be tied to any internal political decisions member EU states make. Both of these countries have incurred the wrath of German Chancellor Angela Merkel over things they do she doesn’t like, invoking Article 7 against Poland over changes made to its Supreme Court, for example. So, this is nothing new. Neither is the way the EU conducts itself in negotiations. For the past four years we’ve watched the EU put the United Kingdom through the worst kind of psychological torture over Brexit negotiations which have been anything but. Fishy Brexit Talks It’s been a calculated and cynical campaign coordinated with global media, foreign governments, paid political propagandists and intelligence agency operatives. Through bullying, bad arguments, derision and shaming the relentless pressure of sociopaths and psychopaths wears most people down to the point where they negotiate away something that they didn’t have to. They get you to agree to putting on a mask to make people feel better, accepting “sensible” gun legislation, voting for the guy who promises to only take 25% of your income versus that guy that wants 40%, etc. In Brexit talks the EU tried to cleave off Northern Ireland as a cost to Brexit or maintain control over British law through the European Court of Justice. Negotiation is a natural part of human interaction. There’s nothing inherently wrong with it, as long as both sides approach the negotiation honestly. But, in politics, especially when dealing with those of a particularly self-righteous leftism so common today — as as shorthand I’ll just call them Commies — negotiation for them is a tactic in a strategic war. Because at the core of their argument is always the threat of violence at worst and emotional blackmail at best. And that forms the basis for a negotiation that truly isn’t one, but made to look like you have a say in the outcome. But in reality you don’t. They want all that you have and are willing to take it from you one bite at a time. In fact, the most psychotic of them truly enjoy this process of consuming you slowly. Brexit negotiations have supposedly come down to how much French fishermen will still be able to plunder British fishing waters even though the U.K. is supposedly a sovereign country. The latest offer from the clueless Michael Barnier is the Brits get tithed 15 to 18% of what the French steal. BREAKING: the EU's chief negotiator Michel Barnier will propose that between 15pc and 18pc of the fish quota caught in UK waters by EU fleets will be restored to the UK under a free trade agreement, @rtenews understands — Tony Connelly (@tconnellyRTE) November 27, 2020 This is supposed to be seen as a breakthrough, according to the breathless regime media. But really it’s an insult. If the U.K. is sovereign and by international law these waters are theirs, then the EU has no rights to them unless the Brits grant them access. But it seems on this small issue, which has now become symbolic of the entire Brexit process, the U.K. is still saying no. Negotiating even this small point is tantamount to surrender. And they are right. Because agreeing to anything with these people is ultimately telling them what your price is. Cigarettes and Blindfolds? This is why, in all things political from the local to the trans-national, every small victory codified into some rule or same treaty is used as a springboard to the next victory and so on. There is no end to the war until one side achieves total domination or the other side, backed into a corner, stands its ground. While I’ve used Brexit talks as the metaphor here, it’s not really apropos because Brexit, legally, already happened. In a little over a month there may be no formal relationship between the U.K. and the EU. For Hungary and Poland, however, the situation is far more existential. And it is why they had to veto the 7-year EU budget and with it the COVID-19 relief package two weeks ago. This piece of news is truly one of the most historic decisions made by any national leader in 2020. And if not for the U.S. presidential election fraud it may well have been the biggest story of the past month. Neither Hungary nor Poland have the economic or political power of even the U.K. Together they aren’t close to the U.K. in global influence. And because of that have much more to lose in angering the EU gods in Brussels than the Brits ever did. It’s why both Prime Ministers Orban and Moraweicki tread lightly and go along with so many terrible edicts that come from the EU — really from France and Germany — against their will. Both men understand the difficult position their countries are in, trapped between no less than three major powers — the U.S., the EU and Russia. The balancing act between those three powers is, at best, a difficult one. At worst, it’s a complete nightmare. So them standing tall here is truly a momentous event and most probably a harbinger of big changes coming to the EU. They’ll both be under the most intense pressure to cave. Expect activation of Soros-bots in Hungary. The smartest thing either could do right now is to open up new rounds of talks with the Russians who just announced they are pretty much done with negotiating anything more with the EU. That would give them both tremendous leverage with Brussels, by cutting down their list of ‘enemies’ from three to two, even if it means courting further sanctions from Merkel and her new Stasi. Where the State, as an institution, is at its most pernicious is in providing a vector by which these people, when their arguments are rejected via persuasion, can force them into being through the ballot box or legislative fiat. And since we all agreed to be governed by these rules, so the argument goes, then you have to submit to the outcome otherwise there is chaos. And that’s the rhetorical and psychological wedge tyrants use to separate you from your liberty and, most importantly, your money. When in the Course of Human Events… But what happens when the people in the negotiations lie, cheat, manipulate and bend the rules? What happens when negotiations at one point in time, say July at the European Council Summit, yield one outcome and the final legislation says the exact opposite? If you are Viktor Orban and Mariusz Moraweiki you stand your ground and realize that anything less than outright rejection is full on surrender, no different than the argument over EU fishing access to UK waters. This is what these men had to do. Because by tying vague EU standards of what constitutes violations of the ‘rule of law’ to disbursement of funds under the budget is far more than what Hungarians or Poles signed up for when they entered the EU in the first place. It is precisely because of this creeping centralization of control to the unelected bureaucracy in Brussels that the Brits voted for Brexit, in effect, twice. The second time they did so even more emphatically than in 2016. Hungary and Poland are very clear as to what their problems are and why they will not budge. Read their joint statement here. The most important part is the final paragraph however. Our common proposal is to facilitate the speedy adoption of the financial package by establishing a two-track process. On the one hand, to limit the scope of any additional budgetary conditionality to the protection of the financial interests of the Union in accordance with the July conclusions of the European Council. On the other hand, to discuss in the European Council, whether a link between the Rule of Law and the financial interests of the Union should be established. If it is so decided, then the appropriate procedures foreseen by the Treaties, including convening an intergovernmental conference, should be considered in order to negotiate the necessary modification of the Treaties. Note they use the word ‘negotiation.’ But they also tie the outcome of that negotiation to a modification of the Treaties signed by each member state. In effect, saying, we as heads of state will negotiate the best possible offer, but it will still be up to you, the people, to ratify this. And if you turn us down, then so be it. This, of course, is anathema to the World Economic Forum, Open Society Foundation and the rest of the burgeoning technocracy being built through the expansion of powers wielded by the European Commission, which this budget and relief package sought to greatly expand. We all know how voters choose in Europe when it comes to the European Union and the vote is open, fair and the people well-informed. The EU would never survive such a vote on the amendment of the Treaties which form it. Orban, especially, knows this. And he has taken on the leadership role in this fight. You know he is effective because they despise him, drawing him up as a cartoonishly evil cross between Snidely Whiplash and Vlad the Impaler. And despite the massive amount of money Soros spends in Hungary to overthrow Orban it hasn’t worked. So, something will have to be done quickly to remove him from the game board or we’ve reach Peak EU. Reset This! Because the Great Reset is predicated on a few things occurring. * The EU having a budget and mechanism in place where the Commission has tax/spend and debt issuance capability. * This gives them the political bludgeon necessary to consolidate power in Brussels the same way income tax redistribution undermined Federalism in the U.S. * Extending the COVID-19 narrative to purposefully destroy what’s left of the middle class in Europe and the U.S. * Donald Trump being overthrown as President of the U.S. restoring power there to those loyal to the WEF. * All Populist leaders in Europe – like Matteo Salvini, Geert Wilders, Boris Johnson, Germany’s AfD, Austria’s Freedom Party — neutralized leaving Orban alone against Angela Merkel. * Brexit undermined to the point where either Boris Johnson’s government falls or the U.K. collapses into a failed police state indistinguishable from V for Vendetta. * Control not only over traditional television media but also the flow of information through the newer social media networks, limiting access to any countervailing narratives. Most of these are in place. Johnson’s personal weakness has squandered one of the greatest political victories of the past century in less than a year. Trump’s chances of overturning a fraudulent election are at best a coin flip, and realistically, vanishingly small. AfD has been neutralized in Germany. Italy’s electoral situation is mixed. Austria has been consolidated under a fake populist Sebastian Kurz. Local police are openly despotic in enforcing the most draconian lockdown regulations. But Orban and Moraweicki have stood their ground. Trump is standing his ground. David Frost in the U.K., not Boris Johnson, is standing his ground. Will their example inspire others to do the same? It’s a good question. The sheer desperation of articles like one from the Spectator, entitled “The Visegrád bloc are threatening to tear apart the EU,” speaks volumes when the author realizes the Visegrads don’t hate the EU for its freedom: It is tempting to focus only on the individuals involved in the budget crisis: to dismiss Orbán and Morawiecki as rogue despots with no public mandate for their actions and to assume that, if full and fair democratic processes were observed, both Poland and Hungary would favour policies similar to those found in Northern and Western Europe. Yet such a view does not chime with the democratic elections held in the V4 region this year: Duda won the Polish presidency in an affirmation of socially conservative values, while elections in the Czech Republic and Slovakia saw very strong performances by anti-immigration parties. It also ignores the fact that the Visegrád Four – whose histories of war, occupation, and communist authoritarian rule in the twentieth century differ so greatly from their northern and western counterparts – have long pursued policies in opposition to some of the EU’s core tenets. And what core tenets do the EU practice other than extortion, bribery, backroom dealing and arm-twisting, pray tell? Because on display right now all across Europe, from where I’m sitting, there ain’t a lotta tolerance, equality and compassion. Oh, right, those are ‘mostly peaceful’ water cannons they’re using in Berlin. Negotiating with Terrorists And up until the past two weeks or so, decent, productive people have negotiated, they have bargained in the Kubler-Ross model of grief, rather than accept the need to openly confront the real problems in their governments. The lesson of 2020 to this point has been that negotiation is no longer an option. There can be no settlement on fishing for the Brits, the rule-of-law for EU member states. For Americans all negotiating has achieved is a terminally corrupt central government running sham elections with a compliant and hostile media telling them they are deplorable scum. We are now expected to accept the results because they said so. Um, yeah, no. The only way to accept the current reality is to believe the very people who you wouldn’t buy a used couch from no less lead your government are telling you the unvarnished truth. Accepting any version of the narrative that this was a close election in the U.S. is the most pathetic form of negotiating your own surrender I’ve seen in quite a long time. This is the unbridgeable gap of modern politics. It is the infinite gulf between surrender and negotiating with terrorists. The realization is fast dawning on the people across the West that the terrorists don’t wear odd clothes, carry Ak-47s and speak in foreign tongues. They are the ones telling you to let Grandma die of loneliness in a nursing home, forbidding you from buying a Turkey for Christmas that can feed more than 6 people and spitting on people for not wearing a mask in public. *  *  * Join My Patreon if you are a Thanksgiving dissident Donate via crypto: BTC: 3GSkAe8PhENyMWQb7orjtnJK9VX8mMf7Zf LTC: MWWdCHbMmn1yuyMSZX55ENJnQo8DXCFg5k DASH: XjWQKXJuxYzaNV6WMC4zhuQ43uBw8mN4Va XMR: 48Whbhyg8TNXiNV2LNkjeuJJU55CNt5m1XDtP3jWZK2xf5GNsbU2ZwHLDJTQ5oTU3uaJPN8oQooRpSQ2CPMJvX8pVTqthmu
http://dlvr.it/Rmdpfw

COVID Antibody Drugs From Regeneron, Eli Lilly Raise Concerns About Supply Shortages

COVID Antibody Drugs From Regeneron, Eli Lilly Raise Concerns About Supply Shortages Tyler Durden Sat, 11/28/2020 - 17:30 Powerful drugs recently authorized by the FDA are expected to help patients suffering from the earliest stages of COVID-19 avoid the most severe symptoms. President Donald Trump even once referred to Regeneron's antibody treatment as a "cure" for the virus. But there are still some issues that have yet to be resolved. The US, like several other developed nations, has spent hundreds of millions of dollars to secure supplies of Eli Lilly and supplies of the Regeneron. Officials are working to establish sites to infuse the medications to patients with mild to moderate disease who had until recently been advised to stay home. Both the Eli Lilly and Regeneron monoclonal antibodies mimic proteins the body normally makes to block the virus from entering cells; they were cleared by the FDA earlier this month. They’re the first drugs authorized specifically for non-hospitalized patients, and are targeted at those at risk of severe symptoms because of older age, obesity and other chronic conditions. Experts told Bloomberg that while Trump touted Regeneron’s therapy after receiving it in October, infectious disease doctors noted that the evidence supporting the drugs’ use in Covid-19 is not yet definitive. Yet there’s hope they could help the country battle its worst-ever coronavirus surge, as average daily infections soared to almost 170,000 over the last week. About 90,500 Americans were hospitalized with COVID-19 as of Thursday. Coronavirus-beset hospitals around the US are grappling with more infected staff, said Allison Suttle, chief medical officer at Sanford Health, a nonprofit health system based in South Dakota. Treatment that keeps patients from being admitted to overcrowded hospital wards is offering a tantalizing reprieve, she said. The US has paid Eli Lilly $375 million to lock in supplies of its antibody medication - the amusingly-named "bamlanivimav", equivalent to 300,000 vials of the antibody, bamlanivimab, over the next two months. The government has also awarded Regeneron $450 million to make and supply enough doses of its antibody cocktail for another 300,000 patients through the end of January. Both companies intend to scale up supply for the U.S. next year.
http://dlvr.it/RmcPX0

U.S. Election ‘Success’… And Hey Presto ‘Russian Interference’ Disappears

from Strategic Culture: The United States’ election victory of Democrat presidential candidate Joe Biden has yet to be officially confirmed. That requires the 500-plus Electoral College comprising the 50 federal states to cast the final vote when the constitutional body meets on December 14. Biden holds a commanding lead of over 300 delegates in the […]
http://dlvr.it/RmcK8m

Pennsylvania Republicans File Resolution To Delay Election Certification, Declare 2020 Election ‘In Dispute’

by Ashe Schow, Daily Wire: Republican lawmakers in Pennsylvania on Friday introduced a resolution meant to delay the certification of the election in the state and declare the results “in dispute.” The resolution, signed by 21 members of the Pennsylvania House of Representatives, disputes the 2020 election results for state and national contests. The resolution lays […]
http://dlvr.it/Rmc4Y3

Head of Smartmatic Admits Voting Machines Can Flip Elections

from Mr Reagan: TRUTH LIVES on at https://sgtreport.tv/
http://dlvr.it/Rmc0gv

As Food Lines Grow, Gov’t Gives $140M in COVID Relief to Child Traffickers, Murderers, Rapists

by Matt Agorist, The Free Thought Project: When the politicians on taxpayer funded salaries sit around and discuss which businesses to keep open and which businesses to shut down, they never consider limiting their salaries or cutting their funding. They simply force people out of business and offer nothing in return. In states that do offer some relief to […]
http://dlvr.it/RmbHvy

Was Wednesday A Super Spreader Event, One Bank Asks

Was Wednesday A Super Spreader Event, One Bank Asks Tyler Durden Fri, 11/27/2020 - 17:14 From DB's Jim Reid Wednesday was the busiest day at US airports since the pandemic began. The Transportation Security Administration screened  more than 1.07 million people at US airports on Thanksgiving eve. For context this number was still down 41% on the same Wednesday last year. We are very positive about the chance of a return to normal life in 2021, especially from Q2 onwards. However it is quite clear that Thanksgiving and Christmas pose Covid super spreader event risk in various countries. Canada held Thanksgiving on October 12th and many public health officials there have blamed this for the recent spike in cases. If the US follows this pattern, tighter restrictions and weaker activity could still dominate in the near term before the positive trends of vaccines and mass testing kick in across the globe as we go through Q1.
http://dlvr.it/RmYlcH

Pope Francis Criticizes Anti-Lockdown Protesters In New Book

Pope Francis Criticizes Anti-Lockdown Protesters In New Book  Tyler Durden Fri, 11/27/2020 - 16:30 While coronavirus lockdowns triggered widespread social unrest and resulted in the worst socio-economic implosion the world has ever seen - Pope Francis is set to reveal his thoughts on what transpired this year in a new book expected to be released next month, according to AP News.  In "Let Us Dream: The Path to A Better Future," ghostwritten by biographer Austen Ivereigh, Francis champions anti-racism protesters while demonizing anti-lockdown demonstrators. He said those around the world who demonstrated against lockdown restrictions reacted "as if measures that governments must impose for the good of their people constitute some political assault on autonomy or personal freedom!" "You'll never find such people protesting the death of George Floyd, or joining a demonstration because there are shantytowns where children lack water or education," Francis wrote in the new 150-page book. "They turned into a cultural battle what was in truth an effort to ensure the protection of life." Francis touched on Floyd's police killing that ignited social unrest across almost every US metro area for months. Francis said: "Abuse is a gross violation of human dignity that we cannot allow and which we must continue to struggle against." However, Francis condemned anti-racism protesters' attempt to erase history by dismantling statues of Confederate leaders. He said there are better ways to create dialogue. "Amputating history can make us lose our memory, which is one of the few remedies we have against repeating the mistakes of the past," he wrote. Francis criticized populist leaders who've created buzz among supporters at massive rallies and scapegoats others for their countries' problems. He compared the populist movement of today to the ones from the 1930s.  "Today, listening to some of the populist leaders we now have, I am reminded of the 1930s, when some democracies collapsed into dictatorships seemingly overnight," he wrote. "We see it happening again now in rallies where populist leaders excite and harangue crowds, channeling their resentments and hatreds against imagined enemies to distract from the real problems." He also said the virus pandemic had become an opportunity for the world to reset. Not too long ago, Archibishop Carlo Maria Vigano warned about a global reset intended to undermine "God and humanity". Earlier this month, Francis' latest Encyclical "Fratelli Tutti" ("Brothers All") was published and seemed more of a political document than a spiritual guide to the catholic faith. He spoke for a more globalist political system and denounced the global capitalist free market economy. In the most recent monthly prayer intention, he called all the good Catholics of the world to "pray that the progress of robotics and artificial intelligence may always serve humankind."
http://dlvr.it/RmYgkh

Dave Kranzler: JP Morgan Is “Dominating” Gold & Silver

from Arcadia Economics: TRUTH LIVES on at https://sgtreport.tv/
http://dlvr.it/RmYMg7

Black Swans On Black Friday

Black Swans On Black Friday Tyler Durden Fri, 11/27/2020 - 13:28 Submitted by Tuomas Malinen of GnS Economics On this ’Black Friday’, it’s good to remember that we are currently surrounded by a flock of emergent “Black Swans”. To recap, a Black Swan is an improbable, generally unforeseen, yet high-impact event. Such events are usually thought to include earthquakes and other natural disasters, collapses of large buildings and bridges and, in some cases, financial collapses. In March, we labelled the coronavirus pandemic a Black Swan, notably contrary to the view of the creator of the concept, Nassim Nicholas Taleb. His view is that pandemics are nothing new. He also  warned that the outbreak might, without drastic action, become more widespread, in a paper co-authored with Yaneer Bar-Yam and Joe Norman published on the 26th of January. However, we considered the pandemic to be an economic Black Swan, in a sense that very few originally understood, due to its potential to unleash global economic mayhem. To be precise, we warned on the 30th of January about the possibility of global pandemic and economic collapse caused by the coronavirus. Currently, the question is, what other Black Swans may be lurking under the surface of the global economy? True Black Swans and forecasting Events that can be classified as Black Swans are directly related to our ability—or inability—to forecasts events. The annihilation of Pompeji in a volcanic catastrophe in 79 BC or the destruction of prosperous Greek coastal city of Helike in 373 BC by earthquake and tsunami would probably still count as a Black Swans. But our ability to forecast certain natural events has improved markedly. For example, the ‘Great Storm of 1900’ that devastated the coastal city of Galveston outside Houston, Texas, was as seen a Black Swan at the time. Almost no warning was given before the  deadliest natural disaster in the U.S. Nowadays, hurricanes do not strike “out of the blue”, but are tracked by the minute and their path forecast with reasonable accuracy at least several days ahead. Some also consider the financial crisis of 2007–2008 to be a Black Swan. However it was no such thing, as we have explained in our 10th anniversary blog on the Global Financial Crisis. The approaching crisis was observable about a year before from the stresses building in the banking system. Those who understood the fragile nature of the major financial innovation of that time, the ‘Collateralized Debt Obligation’, or CDO, could even see the crisis coming a few years before its onset. So, whether an event qualifies as a Black Swan is inherently related to our ability to analyze the current situation and to forecast future events. Economic Black Swans turn into grey Swans In March 2017, we warned on the possibility of a global economic collapse. We stated that […] it is our view that the bubble in the world economy has just come too big to avoid a massive correction. Without some kind of “divine intervention”, the bubble will burst and the world economy will crash. We just do not know the exact date of its demise. And, we continued The policy makers still have tools in their disposal to delay the inevitable. The big question is what they will do next and this makes forecasting the onset of a crisis exceptionally challenging. The latter point has become a reality. Analyzing objectively, the crisis started at the turn of the year from 2018 to 2019 or, at the latest, in September 2019, which we detail in this blog. But this economic collapse, forced into motion by the pandemic, should not have come as a surprise. One just needs to follow standard economics to understand that something has not been right, and that trouble has been brewing for a long time. For starters, an economy needs to grow without constant monetary support. As we detailed in October 2017, the world’s economic growth had been dominated by Chinese debt-stimulus which it enacted in 2009. Moreover, stimulative monetary policies and especially programs of quantitative easing had been in incessant operation globally since 2008. The latter led to ballooning balance sheets among major central banks (see Figure). Effectively, central banks have ‘hollowed out‘ the global economy and financial markets, as also recently noted by former BIS Chief Economist, William White. Running on empty And so we have reached a point where the coronavirus pandemic has turned many of our economic Black Swans into a grey ones (unlikely, yet forecastable significant events). Now, it’s only the question of where to look. Do you buy the futile, panicked assertion by governments and central bankers that more stimulus is essential to avoid the collapse? Or do you acknowledge the reality that the fragile global economy has already collapsed and that all the current “emergency” measures, like central bank support and debt-moratoria, are there just to mask the collapse? If you believe the former, you might want to reconsider—or keep on dreaming. If you admit the latter, you should try to assess what is the best way forward for you and your assets, but also for the economy as a whole. It is plain that the central bank-run economic governance model has reached the end of its lifespan. We desperately need a more open and free economy and less intervention and continuous “rescues”. This path will not be easy, but the current end-point, global economic dystopia, courtesy of global central banks, is much worse. More than anything, we need true political leadership—the statesmanship, courage, and wisdom to see through the scare-mongering and distorted economic information.  We must confront dominant elitist economic shibboleths relentlessly to move past what is first and foremost an intellectual dead-end.
http://dlvr.it/RmYGwr

Trump Says He Will Leave White House If Biden Wins Electoral College Despite "Rigged" Election

Trump Says He Will Leave White House If Biden Wins Electoral College Despite "Rigged" Election Tyler Durden Fri, 11/27/2020 - 07:49 President Trump took questions from reporters on Thursday evening for the first time since Election Day. And after confirming a few days ago via Twitter that he would tell the GSA to formally begin the transition process, the president confirmed to a group of MSM journalists that he would formally surrender power to Biden should he win the Electoral College vote. would relinquish power if the Electoral College affirms Democrat Joe Biden’s win, but he suggested he might never formally concede defeat, and may skip the Democrat’s inauguration. Trump fielded questions from reporters on Thursday for the first time since his election defeat even. He also rehashed for about 25 minutes a series of allegations his legal team has so far made (but provided little or no evidence for, and thus hasn’t raised in court appearances) - while saying flatly that Biden couldn’t have received 80 million votes from the American people. Reporters of course leapt at the opportunity to ask all kinds of salacious questions: Trump was asked if he’d physically leave the White House if the Electoral College affirms Biden’s victory - Trump replied "certainly I will, and you know that.” After a round of antagonistic questions, Trump started lashing out at various states for dropping the ball and ruining his chances at a second term, while reiterating that this was "a rigged election...at the highest level". Trump slammed Georgia’s Republican secretary of state - who penned an op-ed slamming Trump and his supporters -  as an “enemy of the people.” He added that he would soon stage a rally in Georgia, where voters return to the polls in early January for a pair of runoff Senate races that will determine control of the Upper Chamber. Finally, Trump repeatedly returned to questioning Joe Biden’s raw vote total, insisting the Democrat couldn’t have done so well as compared to previous Democratic candidates, although population growth historically drives growth in voting numbers while 2020 led to a particularly charged political atmosphere. “This is not a candidate that can get 80 million votes,” he said of Biden. “The only way he got 80 million votes is through a massive fraud.” Trump declined to say if he’d attend Biden’s inauguration, as is the custom for an outgoing president. “I’ll be honest, I know the answer, but I just don’t want to say it yet,” he said, before adding that it's "not right" that Biden has already started picking his cabinet. Both Trump and Biden stayed close to home for the Thanksgiving holiday. The inauguration for Biden (assuming he does win the EC) would take place on Jan. 20.
http://dlvr.it/RmXJdj

Keiser Report | Thanksgiving 2020 with the Keisers | E1624

from RT: TRUTH LIVES on at https://sgtreport.tv/
http://dlvr.it/RmVRKG

Democrat operative brought fraudulent Dominion voting machines to Michigan

(Natural News) The person responsible for bringing the fraudulent Dominion Voting Systems election technology to the state of Michigan is a female Democrat and personal friend of Gov. Gretchen Whitmer, we have learned. A few years after receiving a Masters of Information Systems degree from the all-online University of Phoenix, Kelly Garrett was appointed mayor...
http://dlvr.it/RmVLHW

ELECTORAL FRAUD: Where To Find The Evidence | Rudy Giuliani | Ep. 89

from Rudy W. Giuliani: TRUTH LIVES on at https://sgtreport.tv/
http://dlvr.it/RmV3fK

The Legacy Of Thanksgiving Is Free Enterprise

The Legacy Of Thanksgiving Is Free Enterprise Tyler Durden Thu, 11/26/2020 - 13:20 Authored by Richard Ebeling via The American Institute for Economic Research, Thanksgiving is normally a time of family festivities, when relatives and good friends come together for a fine meal, catching up with what has been happening in everyone’s life, and a general good cheer. A month later Christmas and New Year’s brings an end to the old year and the start of another. But things are very different this time around because of the coronavirus and the government response. Government regulations restrict or ban other than minimal sized groups gathering in one place. Everyone is cautioned or commanded to wear face masks and stay at least six feet apart. And the Centers for Disease Control (CDC) strongly recommends that people not travel for Thanksgiving, and instead isolate at home with no one else or only with the smallest number of others.  The idea that people should be free and at liberty to make their own best judgments on such matters without the heavy-handed control and command of the government seems to be a thing of the past – at least for now. We far too willingly and easily allow our self-responsibilities and our self-governance to be taken away and transferred to the decision-making of political paternalists who presume to know how we should act, with whom, and for what purposes.  Political Paternalism Thwarts Self-Responsibility But don’t we need government to take on these duties and responsibilities for us, since we oftentimes seem irresponsible and thoughtless in our actions in general, and certainly in the company of others? But even if this may sometimes be so, how shall people be expected to learn how to act more wisely in terms of themselves and others, if the need and opportunity to act in more thoughtful and responsible ways are increasingly narrowed or taken away by government agents telling us, instead, what to do and not do, and where and when? In one of his famous essays, the 19th century British social philosopher, John Stuart Mill (1806-1873), suggested that less responsible people can only hope for a benevolent dictator to guide them until they have matured enough for self-rule. His British contemporary, the historian, Thomas B. Macaulay (1800-1859), replied that such a prescription reminded him of the fool in the old story who said that he would not go into the water until he knew how to swim. If you wait under paternalism until you are ready for self-responsibility, you will never have learned the lessons through the necessities of everyday life by which the ability for more mature and thoughtful decision-making are acquired.  Now we are facing an acceleration of such paternalism with a new incoming presidential administration in Washington, D.C. starting in January 2021 that proposes and promises even more political paternalism at ever-increasing costs. These increasing costs will come not only in the form, perhaps, of higher taxes and increased business regulation and more income redistribution, but in the rising cost of less personal liberty of choice and decision-making in more corners of our lives.  Embracing or Avoiding the Word, “Socialism” The use of the word “socialism” is being bandied about in the face of these prospective political changes in the United States. There are some more radical “progressives” who say that we should embrace it and not be afraid. Others are afraid of it, not because they don’t support a more and bigger government, but due to the fact that it carries a negative connotation that some of those holding or running for political office do not want as an ideological albatross around their neck when facing the voters. Others use “socialism” as a word of criticism and condemnation. But sometimes some of those using it in this fashion, it turns out, are conscious or unwitting advocates, themselves, for a larger orbit of activist government policies without thinking a bit that some of what they take for granted or propose are also aspects or variations on the socialist theme.  Few are the voices, I would suggest, who really understand that a free society is one with a lot less, indeed, a far more minimal, government than most people realize or can conceive as feasible because they have lived so long under forms of political paternalism that they cannot imagine life without it. (See my book, For a New Liberalism [2019].) The Plymouth Colonists Practiced Plato’s Communism It is not surprising, then, how few Americans really know and appreciate the meaning and relevance of Thanksgiving in terms of its origin in the history of the Puritans – the “Pilgrim Fathers” – who came 400 years in November 1620 to the New World, landing at what today we know as Plymouth, Massachusetts. Desiring to turn their back on what they saw and considered as the material corruption of the Old World, they wanted to erect a New Jerusalem that would not only be religiously devout but be built on a new foundation of communal sharing and social altruism. Their goal was the communism of Plato’s Republic, in which all would work and share in common, knowing neither private property nor self-interested acquisitiveness. What resulted is recorded in the diary of Governor William Bradford, the head of the colony. The colonists collectively cleared and worked the land, but they brought forth neither the bountiful harvest they hoped for, nor did it create a spirit of shared and cheerful brotherhood. The less industrious members of the colony came late to their work in the fields, and were slow and easy in their labors. Knowing that they and their families were to receive an equal share of whatever the group produced, they saw little reason to be more diligent in their efforts. The harder working among the colonists became resentful that their efforts would be redistributed to the more malingering members of the colony. Soon they, too, were coming late to work and were less energetic in the fields. Collective Work Equaled Individual Resentment As Governor Bradford of the Plymouth Colony explained in his old English (though with the spelling modernized): “For the young men that were able and fit for labor and service did repine that they should spend their time and strength to work for other men’s wives and children, without recompense. The strong, or men of parts, had no more division of food, clothes, etc. then he that was weak and not able to do a quarter the other could; this was thought injustice. The aged and graver men to be ranked and equalized in labor, and food, clothes, etc. with the meaner and younger sort, thought it some indignant and disrespect unto them. And for men’s wives to be commanded to do service for other men, as dressing their meat, washing their clothes, etc. they deemed it a kind of slavery, neither could husbands brook it.” Because of the disincentives and resentments that spread among the population, crops were sparse and the rationed equal shares from the collective harvest were not enough to ward off starvation and death. Two years of communism in practice had left alive only a fraction of the original number of the Plymouth colonists. Private Property as Incentive to Industry Realizing that another season like those that had just passed would mean the extinction of the entire community, the elders of the colony decided to try something radically different: the introduction of private property rights and the right of the individual families to keep the fruits of their own labor. As Governor Bradford put it: “And so assigned to every family a parcel of land, according to the proportion of their number for that end . . . This had a very good success; for it made all hands very industrious, so as much more corn was planted then otherwise would have been by any means the Governor or any other could use, and saved him a great deal of trouble, and gave far better content. The women now went willingly into the field, and took their little-ones with them to set corn, which before would a ledge weakness, and inability; whom to have compelled would have been thought great tyranny and oppression.” The Plymouth Colony experienced a great bounty of food. Private ownership meant that there was now a close link between work and reward. Industry became the order of the day as the men and women in each family went to the fields on their separate private farms. When the harvest time came, not only did many families produce enough for their own needs, but also they had surpluses that they could freely exchange with their neighbors for mutual benefit and improvement. In Governor Bradford’s words: “By this time harvest was come, and instead of famine, now God gave them plenty, and the face of things was changed, to the rejoicing of the hearts of many, for which they blessed God. And the effect of their planting was well seen, for all had, one way or other, pretty well to bring the year about, and some of the abler sort and more industrious had to spare, and sell to others, so as any general want or famine hath not been amongst them since to this day.” Rejecting Collectivism for Individualism Hard experience had taught the Plymouth colonists the fallacy and error in the ideas that since the time of the ancient Greeks had promised paradise through collectivism rather than individualism. As Governor Bradford expressed it: “The experience that was had in this common course and condition, tried sundry years, and that amongst the Godly and sober men, may well convince of the vanity and conceit of Plato’s and other ancients; — that the taking away of property, and bringing into a common wealth, would make them happy and flourishing; as if they were wiser than God. For this community (so far as it was) was found to breed confusion and discontent, and retard much employment that would have been to their benefit and comfort.” Was this realization that communism was incompatible with human nature and the prosperity of humanity to be despaired or be a cause for guilt? Not in Governor Bradford’s eyes. It was simply a matter of accepting that altruism and collectivism were inconsistent with the nature of man, and that human institutions should reflect the reality of man’s nature if he is to prosper. Said Governor Bradford: “Let none object this is man’s corruption, and nothing to the curse itself. I answer, seeing all men have this corruption in them, God in his wisdom saw another course fitter for them.” The desire to “spread the wealth” and for government to plan and regulate people’s lives is as old as the utopian fantasy in Plato’s Republic. The Pilgrim Fathers tried and soon realized its bankruptcy and failure as a way for men to live together in society. They, instead, accepted man as he is: hardworking, productive, and innovative when allowed the liberty to follow his own interests in improving his own circumstances and that of his family. And even more, out of his industry result the quantities of useful goods that enable men to trade to their mutual benefit. Giving Thanks for the Triumph of Freedom In the wilderness of the New World, the Plymouth Pilgrims had progressed from the false dream of communism to the sound realism of capitalism. Whether our family gatherings this Thanksgiving be small or almost nonexistent due to the regulations and intimidations of government, we need to recall and remember the lesson to be learned from that first Thanksgiving. Too many in the halls of higher education, from the bully pulpits of social and mass media, or from those newly elected in 2020 or already running for the elections in 2022, are making calls for the collectivism that those first Plymouth colonists learned to reject. It is 400 years, this year, since those Pilgrims arrived in America in November 1620 and began that failed “experiment” in socialism within the Plymouth colony. It is time to take their experience to heart and celebrate not the collectivism with which they began their start in the New World, but the spirit of liberty, private property, self-responsibility, and freedom of enterprise which they and those who came to America in the following centuries left to us as a legacy of individual freedom, limited government, and the prosperity that only can come from the competitive liberty of the free and voluntary marketplace. 
http://dlvr.it/RmTxrX

FBI Buried Hunter Biden Laptop

from The Epoch Times: News reports last month claimed that in late 2019 the FBI had opened an investigation of matters related to information found on a laptop purportedly belonging to Hunter Biden. Would the bureau continue its probe under a Biden administration? Doubtful. In fact, it’s unlikely there was ever any investigation at all. In July 2019, after Hunter […]
http://dlvr.it/RmSzWk

For What Are America's Wealthy Thankful? A Worsening Culture War: Taibbi

For What Are America's Wealthy Thankful? A Worsening Culture War: Taibbi Tyler Durden Wed, 11/25/2020 - 17:00 Authored by Matt Taibbi via taibbi.substack.com Self-described “elected DNC member” and Washington Monthly contributor David Atkins tweeted this last week, garnering a huge response: No seriously...how *do* you deprogram 75 million people? Where do you start? Fox? Facebook? We have to start thinking in terms of post-WWII Germany or Japan. Or the failures of Reconstruction in the South. — David Atkins (@DavidOAtkins) November 18, 2020 You have to read the full thread to grasp the argument, a greatest hits collection of DNC talking points. Conservatives, Atkins writes, have no beliefs, being a “belligerent death cult against reality and basic decency.” There’s no reason to listen to them, since the “only actual policy debates” are “happening within the dem coalition between left and center-left.” He had over 61,000 likes last I checked. Meanwhile, as Donald Trump kept describing the election as a “hoax,” newly re-upped South Carolina Senator Lindsey Graham tweeted this, perhaps offering a preview into Republican messaging in the post-Trump era: I can understand why the Squad doesn't want me in the Senate - because I'm going to bury your agenda. You're a bunch of Socialists. You would transform America and make it Venezuela. I'm gonna stand in your way. I'm not going anywhere! pic.twitter.com/oLAMkwmyR4 — Lindsey Graham (@LindseyGrahamSC) November 19, 2020 From the “vast right-wing conspiracy” through the “basket of deplorables” to now, the Democratic message increasingly focuses on the illegitimacy of the ordinary conservative voter’s opinion: ignorant, conspiratorial, and racist, so terrible that the only hope is mass-reprogramming by educated betters. On the other hand, Republicans from Goldwater to Trump have warned that coalitions of “marauders” from the inner cities and “bad hombres” from across the border are plotting to use socialist politics to seize the hard-earned treasure of the small-town voter, with the aid of elitist traitors in the Democratic Party. Spool these ideas endlessly and you get culture war. Any thought that it might abate once Trump left the scene looks naive now. The pre-election warnings from the right about roving bands of Pelosi-coddled Antifa troops looking to “attack your homes” haven’t subsided, while the line that Trump voters are not a political group but a stupidity death-cult is no longer hot take, but a mandatory element of mainstream press analyses. Continue reading here.
http://dlvr.it/RmQxjY

President Trump Pardons Michael Flynn

President Trump Pardons Michael Flynn Tyler Durden Wed, 11/25/2020 - 16:09 Just minutes before the market closed on the day before Thanksgiving (typically one of the slowest, lowest-volume days of the year) John Solomon reported that President Trump has pardoned Michael Flynn, the man who briefly served as his national security advisor before being taken down (and then charged and convicted of lying to investigators) in an effort that some have described as a deep state-backed setup. Trump just confirmed the reports, published minutes ago by John Solomon and Just the News, in a tweet. It is my Great Honor to announce that General Michael T. Flynn has been granted a Full Pardon. Congratulations to @GenFlynn and his wonderful family, I know you will now have a truly fantastic Thanksgiving!— Donald J. Trump (@realDonaldTrump) November 25, 2020 Flynn was granted a full pardon by the president, who also commuted the sentence of former advisor Roger Stone back in July.
http://dlvr.it/RmQqbQ

JP Morgan Dominates Gold Market

from SalivateMetal: TRUTH LIVES on at https://sgtreport.tv/
http://dlvr.it/RmQV61

Our Frustrations Run Far Deeper Than COVID Lockdowns

Our Frustrations Run Far Deeper Than COVID Lockdowns Tyler Durden Wed, 11/25/2020 - 13:20 Authored by Charles Hugh Smith via OfTwoMinds blog, The reality is the roulette wheel is rigged and only chumps believe it's a fair game. It's easy to lay America's visible frustrations at the feet of Covid lockdowns or political polarization, but this conveniently ignores the real driver: systemic unfairness. The status quo has been increasingly rigged to benefit insiders and elites as the powers of central banks and governments have picked the winners (cronies, insiders, cartels and monopolies) and shifted the losses and risks onto the losers (the rest of us). We now live in the world the 19th-century French economist Frederic Bastiat so aptly described:  "When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it." As I noted in The One Chart That Predicts our Future, ours is a two-tier society and economy with a broken ladder of social mobility for those trying to reach the security of the technocrat class and a well-greased slide for everyone who trips and slides from relative security down to the ever-expanding ALICE-precariat class: assets limited, income constrained, employed. As Bastiat observed, those rigging the system to benefit themselves always create a legal system that lets them off scot-free and a PR scheme that glorifies their predation as well-deserved rewards that are the natural due of their enormous appetite for hard work and innovation. You know, hard work and innovation like this: JPMorgan Makes $1 Billion From Gold Trading After Paying $1 Billion Fine For Manipulating Gold Trading. Embezzling a couple billion dollars also earns you a get out of jail free card: none of the perps in Wall Street's skims, scams and frauds ever gets indicted, much less convicted, and none of Wall Street's legalized looters ever goes to prison. And this is a fair and just system? Uh, right. Meanwhile, the reality is the roulette wheel is rigged and only chumps believe it's a fair game. Those who know it's rigged have essentially zero agency (control / power) or capital to demand an unrigged game or finagle their way into the elite class doing the skimming. The net result is soaring frustration with a patently unfair system that's touted as the fairest in the entire world. Gordon Long and I do a deep dive into the frustrations with systemic unfairness in our new video, The Frustrations of Unfairness Are Reaching a Boiling Point. The key takeaway in my view is the unfairness isn't limited to the economy, society or politics-- it's manifesting in all three realms. It isn't just frustration with domestic issues--the global economic order is also a source of unfairness and powerlessness. We each drew up a list of specific drivers of unfairness / frustration. Here's my list: And here's Gordon's list: There is much more in our presentation. These are the dynamics that are tearing apart our social cohesion and that will soon start destabilizing the economy--regardless of how much "money" the Federal Reserve prints. *  *  * 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). *  *  * Become a $1/month patron of my work via patreon.com.  
http://dlvr.it/RmQMRj

In Delusional Push, LBMA Threatens to Blacklist Entire Gold Trading Centres

by Ronan Manly, BullionStar: In a move in early November which is already causing controversy, self-styled gold market authority, the bullion-bank controlled London Bullion Market Association (LBMA), issued a letter to a group of leading bullion markets around the world, threatening to blacklist gold bullion from any country that fails to meet new LBMA recommendations […]
http://dlvr.it/RmPCpg

"America Is Back": Beltway Hawks Giddy Over Biden's National Security 'A-Team'

"America Is Back": Beltway Hawks Giddy Over Biden's National Security 'A-Team' Tyler Durden Tue, 11/24/2020 - 16:41 Biden's message Tuesday as he unveiled the first six members of his national security and foreign policy team and let them speak for the first time is that "America is back" and is "ready to lead the world" once again. He reflected in making the in-person introductions that "It's a team that will keep our country and our people safe and secure," and that it— "Reflects the fact that America is back, ready to lead the world, not retreat from it. Once again, sit at the head of the table." "We cannot meet these challenges with old thinking and unchanged habits," Biden said further of the nominees and appointees which CNN noted (no doubt approvingly): "...offered implicit rebukes of President Donald Trump and his isolationist and 'America First' worldview." "The team meets this moment," Biden said of those standing with masks in a 'socially distanced' set-up behind him on the stage of the Queen theater in Wilmington. He emphasized among the "firsts" on the team includes Avril Haines as first woman to serve as director of national intelligence, as well as Alejandro Mayorkas - the first Latino and first immigrant to lead the Department of Homeland Security.  Obama's Secretary of State John Kerry's appointment as "special presidential envoy for climate" will mark the first time a principal on the National Security Council is tasked full time with fighting climate change. "This is an A-team," says former Director of National Intelligence James Clapper of Biden's Cabinet nominees. "There is a powerful message here being conveyed by the results of the election and the people that the President-elect is assembling to help him carry out his agenda." pic.twitter.com/LZvJPUGqB6 — CNN (@CNN) November 24, 2020 Here are some key lines from a line-up which is allowing the Washington deep state to breath a collective sigh of relief (for a prime example, former DNI Clapper was positively giddy during a CNN preview of the "A-team" line-up, in his words)... * * * Antony Blinken, Secretary of State Via ABC News Here's what he said upon the introduction by President-Elect Biden: "Now we have to proceed with equal measures of humility and confidence. Humility because, as the President-elect said, we can't solve all of the world's problems alone. We need to be working with other countries, we need their cooperation. We need their partnership. But also confidence, because America at its best still has greater ability than any other country on Earth to bring others together to meet the challenges of our time." Jake Sullivan, national security adviser Via AP Here's what he said: "We will be vigilant in the face of enduring threats, from nuclear weapons to terrorism. But you have also tasked us with reimagining our national security for the unprecedented combination of crises we face at home and abroad. The pandemic, the economic crisis, the climate crisis, technological disruption, threats to democracy, racial injustice and inequality in all forms. The work of the team behind me today will contribute to progress across all these fronts." Avril Haines, Director of National Intelligence Via Rex/Shutterstock She said: "Mr. President-elect, you know that I have never shied away from speaking truth to power and that will be my charge as director of national intelligence. I've worked for you for a long time and I accept this nomination knowing that you would never want me to do otherwise and that you value the perspective of the intelligence community and that you will do so even when what I have to say may be inconvenient or difficult, and I assure you, there will be those times." Alejandro Mayorkas, Secretary of Homeland Security Via Miami Herald He noted: "My father and mother brought me to this country to escape communism. They cherished our democracy and were intensely proud to become United States citizens. I have carried that pride throughout my nearly 20 years of government service and throughout my life." Linda Thomas-Greenfield, US ambassador to the United Nations Via UW Madison on Twitter She began: "On this day, I'm thinking about the American people, my fellow career diplomats and public servants around the world. I want to say to you: America is back. Multilateralism is back. Diplomacy is back." John Kerry, special presidential envoy for climate Getty Images Here's what he said: "Mr. President-elect, you've put forward a bold, transformative climate plan, but you've also underscored that no country alone can solve this challenge. Even the United States for all of our industrial strength is responsible for only 13% of global emissions. To end this crisis, the whole world must come together. You're right to rejoin Paris on day one, and you're right to recognize that Paris alone is not enough." Biden says his international climate adviser will be "a principal on the National Security Council" who "can make sure climate is on the agenda in the situation room." His pick for the job is "one of my closest friends, John Kerry." — Jennifer Epstein (@jeneps) November 24, 2020 * * *  Meanwhile, some of the major names among establishment liberal war hawks and 'humanitarian' interventionists wanting to see a return of 'muscular America' abroad gave their glowing endorsements, via the AP: Thomas-Greenfield "is a valued colleague and veteran diplomat who will restore US leadership and cooperation at the UN," said former Secretary of State Madeleine Albright, for whose consulting company, Albright Stonebridge, the nominee now works. "This will be a phenomenal team," said Samantha Power. "(They) bring decency, professionalism, judgment, and decades of foreign policy experience to these essential jobs. And America will be SO well served." Sincere question: Has anyone on Biden's 'national security' team ever opposed a US war? — David Mizner (@DavidMizner) November 24, 2020 After Jake Sullivan chirped to his boss about Al Qaeda being "on our side in Syria," he advocated for more covert arms shipments to the Syrian insurgency the jihadist group was leading. Expect more wise moves like this in the months and years to come. https://t.co/eHhR4Pt5jZ pic.twitter.com/hi1HWD88v8 — Max Blumenthal (@MaxBlumenthal) November 24, 2020 It's not so much that "American is back"... but rather the American Deep State is back on top.
http://dlvr.it/RmM6mV

Ballot destruction today in Cobb County, GA.

Ballot destruction today in Cobb County, GA. They have been caught across America. They are trying to destroy evidence. @realDonaldTrump won historic landslide victory. He is our President. Listen to him. #FightBack Against Third Party Bad Actors Who Want to Take Control of Us pic.twitter.com/tj9ubZTcRz — Lin Wood (@LLinWood) November 24, 2020
http://dlvr.it/RmM15l

Home Prices In Every Major City Jump More Than Double The Fed's Inflation Target

Home Prices In Every Major City Jump More Than Double The Fed's Inflation Target Tyler Durden Tue, 11/24/2020 - 14:00 While various Fed speakers are vowing this week that there will be no rate hikes until at least 2023 or 2024, the Fed may be surprised to learn that if it were to broaden its definition of inflation, it would find it is quite ample already. One month ago, we looked at the housing market which we said was in the middle of a buying "frenzy." Today's Case Shiller data merely confirmed this, with the 20-City Composite index surging at a stunning 6.6% Y/Y in September, more than 1% higher than August (and smashing expectations of a 5.3% print), and the highest in 30 months. But the real shocker was looking at the component cities that make up the composite index. Here, not only is the housing bubble clearly back in certain Western cities such as Phoenic, Seattle, San Diego and LA, all of which posted a 9.5% or higher increase in annual home prices, but more remarkably even the lowest increase - that of New York - was no less than 4.3% (up from 2.8% just last month). This means that every major US city saw home price increases that were more than double the Fed's stated 2% inflation target (although under the new Average Inflation Targeting, the Fed's so-called target is a fluid number and can be whatever the Fed decides it is). But why should we - or central bankers for that matter - care about soaring home prices? For the answer look no further than New Zealand, whose central bank just 6 weeks ago warned that negative rates could be coming, yet where home prices have soared so much, overnight the Finance Minister Grant Robertson sent a letter to the central bank expressing concerns over how low rates have stoked home prices, and asking the RBNZ to include home prices to its monetary policy remit in order to halt the staggering surge in prices and force the central bank to consider tightening financial conditions only due to out of control home prices. The result, as we reported earlier, was a surge in the New Zealand dollar as odds for a rate cut in 2021 collapsed and the market is on the verge of pricing in a rate hike. Is this relevant for the US? Well, if one takes Yellen at her word that she is worried about wealth inequality, what other more relevant sector is there to focus on boosting the net worth of lower and middle classes than housing, and specifically making it more affordable so that more Americans can afford buying a home rather than be stuck as renters all their lives. Of course, if this becomes a concern for the Fed, and considering the unprecedented spike in home prices in recent months, the first rate hike will take place not in 2024 but some time in 2021 as the Fed continues to inject an unprecedented 0.6% of GDP into the market every single month, ensuring that the housing bubble gets bigger with every passing month. Alas, none of this matters because Yellen is a "progressive" only to sycophant financial commentators and politicians who merely regurgitate talking points for political purposes and/or career advancement. As such, the only chart that matters is this one from Morgan Stanley. With trillions more in liquidity injection on deck for the next several years, something the stock market has just priced in today with the Dow hitting 30,000 for the first time ever, we can't even imagine how fast home prices will be rising in a few months' time, let alone around the time the Fed is expected to proceed with its first rate hike, sometime in 2023 or 2024.
http://dlvr.it/RmLhWM

Solid Foreign Demand For Record-Sized 7Y Auction

Solid Foreign Demand For Record-Sized 7Y Auction Tyler Durden Tue, 11/24/2020 - 13:16 After two mediocre, record big coupon auctions in the Treasury shortened week on Monday, moments ago the Treasury concluded the week's abbreviated issuance schedule with the sale of another record large auction when it had no difficulty finding buyers for $56BN in 7Y paper, the most on record and double the average 7Y auction size since 2010. The auction stopped at a high yield 0.653%, which was the highest since March (and decidedly above October's 0.600% auction), but due to the selloff in the rates complex, the auction had built up enough of a concession and it stopped through the When Issued 0.657% by 0.4bps. Other metrics were less attractive, with the Bid to Cover at 2.374, which while up from 2.236 last month, was below the six auction average of 2.44. There was some quite welcome news when looking at the Internals, where Indirects - i.e., foreign buyers - jumped from 60.1% to 65.4%, the highest since August, and well above the 63.7% recent average. Overall, this was a solid (if hardly spectacular) auction, with more than enough demand at the belly of the curve, which confirmed that there remains ample buyside demand at the sensitive belly of the curve, and indicating that fears that the 10Y will soon blow out above 1.0% are overstated. To wit, the 10Y yield promptly dipped almost 1bp after news of the auction broke, although much of the move has now been faded.
http://dlvr.it/RmLYT4

Robert Mazur: The Deep State’s Money Laundering Operation

from Operation Freedom: TRUTH LIVES on at https://sgtreport.tv/
http://dlvr.it/RmKNFD

Sidney Powell Responds: ‘The Chips Will Fall Where They May,’ ‘We Will be Filing Suit Soon’

by Chris Menahan, Information Liberation: UPDATE: Sidney Powell responded to the Trump legal team’s statement that she was not part of their official team by saying she is going to forge ahead with her lawsuit representing Americans “who had their votes for Trump and other Republicans stolen by massive fraud through Dominion and Smartmatic.” “I understand […]
http://dlvr.it/RmHLfS

Pfizer demands “emergency” authorization from FDA for experimental Covid-19 vaccine

by Ethan Huff, Natural News: After declaring its own experimental Wuhan coronavirus (Covid-19) vaccine to be “safe,” “effective,” and ready to go, drug giant Pfizer is now planning to file for emergency use authorization from the U.S. Food and Drug Administration (FDA). In a press release, Pfizer and its German partner BioNTech indicated plans to immediately petition […]
http://dlvr.it/RmHClS

Yellen To Head Biden's Treasury, Brainard To Remain At The Fed: Report

Yellen To Head Biden's Treasury, Brainard To Remain At The Fed: Report Tyler Durden Mon, 11/23/2020 - 13:49 While Joe Biden is busy filling up hs cabinet with distinguished members of Obama's deep state ensuring years of warfare, at least one presidential coup in a Russia-neighboring nation and record prices for defense stocks, the only question that matters for traders is who head Biden's Treasury secretary. Here, a surprising reversal appears to have taken place because contrary to previous reports that Fed governor, and prominently political Clinton supporter, Lael Brainard was set to replace Steve Mnuchin, Charlie Gasparino reported that according to a Joe Biden adviser, Yellen has now leapfrogged both Brainard (and Roger Ferguson) to become the most likely candidate to head the Treasury: "Shes liked by banks, OK with progressives and easily confirmed." And in the worst news for Neel Kashkari whose ambitions to become the next Fed chair are hardly a secret, Gasparino notes that Lael "will be kept at the Fed where she can replace Powell at some pt." BREAKING from top Wall Street @JoeBiden adviser on how Janet Yellen leapfrogged Lael Brainard, Roger Ferguson to likely run Biden's @USTreasury: "Shes liked by banks, OK with progressives and easily confirmed. Plus we keep Lael at the Fed where she can replace Powell at some pt." — Charles Gasparino (@CGasparino) November 23, 2020 And just minutes later, Bloomberg confirmed, reporting that "Lael Brainard has been told by allies of President-elect Joe Biden that she needs to stay at the central bank." Also confirming the bad news for Kashkari, Bloomberg notes that "Brainard is the only Democrat on a Fed board filled mostly by President Donald Trump’s appointments, and she may be a leading candidate for Fed chair when Jerome Powell’s term expires in 2022." In other words, some time in 2022 the five most important financial and political posts in the world - the US Treasury, The Fed, the ECB and the IMF - will be headed by women. The fifth? Why president Kamala Harris who will replace Joe Biden sometime in the next 6-12 months. One can only hope that there is no historic market crash and/r bubble burst in the coming years, because women will never hear the end of it.
http://dlvr.it/RmGwMn