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Coronavirus Update – March 29, 2020

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By Dr. John Reizer

I have been listening to the US presidential press briefing today about the coronavirus, and it looks like we’re going to be practicing social distancing and stay at home procedures through the end of April, and probably a lot longer. They are gearing up the American people for a prolonged shutdown. And if people don’t believe this, they are sadly misinformed. The US and world economies will be toast after this pandemic is finally declared over by the powers that be.

The president has been speaking about how there would have been 2.2 million deaths in the United States if the stay at home and social distancing guidelines that are currently being practiced had not been implemented. It’s almost like he’s following a script. The crisis is not over? They are claiming victory before the storm has passed; based on their claims, this is a real virus.

As of this writing, there are supposedly 2,438 fatal cases in the United States. That’s a far cry from 2.2 million cases. Granted, we have been practicing the stay at home and social distancing suggestions. Even with the mitigation procedures being implemented, the models that the US government is using project that 200,000 or more citizens will succumb to Covid-19.

There are always millions of people around the world sick with respiratory diseases. It’s easy for regulatory agencies to move these case numbers into the coronavirus statistical pool. Remember, the test kits used to record positive coronavirus cases have been reported by the CDC to have had many problems associated with them. They have most likely given false-positive results, and those numbers are a part of the official case numbers we are reading.

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EPA Suspends Enforcement of Environmental Laws Indefinitely Due to Coronavirus

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Editor note:  Before you read this article, please ask yourself why it would be necessary or of any advantage to suspend any environmental laws?  Who will benefit from this? This is more corporate welfare. 

From The Hill

The Environmental Protection Agency (EPA) issued a sweeping suspension of its enforcement of environmental laws Thursday, telling companies they would not need to meet environmental standards during the coronavirus outbreak.

The temporary policy, for which the EPA has set no end date, would allow any number of industries to skirt environmental laws, with the agency saying it will not “seek penalties for noncompliance with routine monitoring and reporting obligations.”

Cynthia Giles, who headed the EPA’s Office of Enforcement during the Obama administration, called it a moratorium on enforcing the nation’s environmental laws and an abdication of the agency’s duty.

“This EPA statement is essentially a nationwide waiver of environmental rules for the indefinite future. It tells companies across the country that they will not face enforcement even if they emit unlawful air and water pollution in violation of environmental laws, so long as they claim that those failures are in some way ’caused’ by the virus pandemic. And it allows them an out on monitoring too, so we may never know how bad the violating pollution was,” she wrote in a statement to The Hill.

The EPA has been under pressure from a number of industries, including the oil industry, to suspend enforcement of a number of environmental regulations due to the pandemic.

“EPA is committed to protecting human health and the environment, but recognizes challenges resulting from efforts to protect workers and the public from COVID-19 may directly impact the ability of regulated facilities to meet all federal regulatory requirements,” EPA Administrator Andrew Wheeler said in a statement.

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COVID-19: Martial Law, Digital Currency, and World Government

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Another Day in the Empire

By Kurt Nimmo

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Is the corporate media-generated hysteria over what appears to be a normal influenza virus happenstance?

“The real destroyers and psychopathic misanthropes, however, are in high places. They are cynically and criminally exploiting the coronavirus—so far no more dangerous than seasonal flu—to shove their one-world agenda down our throats as easily frightened Americans run around like Chicken Little, begging the state to take care of us before the sky falls.”

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I certainly don’t claim to be a financial wizard. In fact, at best, I have a rudimentary understanding of how the convoluted funny money economy works. However, you don’t need to fully comprehend the ins-and-outs of rigged monetary system to understand we’re in for big trouble and the coronavirus “pandemic” is not only accelerating the fall but will make the outcome far, far worse.

For more detail on the financial end of this disaster, read Mike Whitney’s Why Washington’s COVID-19 Relief Package Must Be Stopped!

No chance, however. As I write this, Congress passed a pork-laden “stimulus” bill.

If we can believe numbers put out by the CDC, as of Friday, March 27 there were 1,246 deaths in the US attributed to the virus. Compare this with the 1968 H3N2 “Hong Kong Flu.” It reportedly killed 100,000 people in the US and around a million around the world.

At the time, the response was not to lock down the country and destroy the livelihood of millions of Americans and usher in the severe violations of the Constitution we are now witnessing. More

The Senate Corporate Bailout Package Is a ‘Robbery in Progress,’ Warn Critics

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Originally published by Jake Johnson for Common Dreams

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As details of the Senate’s coronavirus stimulus plan slowly trickled in Wednesday, progressive critics characterized the sprawling legislative package as a brazen attempt by both political parties to use trillions of dollars in taxpayer money to bail out and further enrich large corporations while tossing mere crumbs to the most vulnerable.

“This is a robbery in progress,” wrote David Dayen, executive editor at The American Prospect. “And it’s not a bailout for the coronavirus. It’s a bailout for twelve years of corporate irresponsibility that made these companies so fragile that a few weeks of disruption would destroy them.”

“We can call it a bailout. But this is so big it is more like Congress is creating a new government for our economy, replacing our old government. And this one doesn’t have any meaningful democratic protections. A pandemic coup.”
—Zephyr Teachout, Fordham Law

While progressives applauded some provisions in the massive package—including the significant expansion of unemployment benefits and protections for airline workers—Dayen said the stimulus package as a whole is an “outrageous betrayal” of the U.S. public and “a rubber-stamp on an unequal system that has brought terrible hardship to the majority of America.”

“The people get a [one-time] $1,200 means-tested payment and a little wage insurance for four months,” Dayen wrote. “Corporations get a transformative amount of play money to sustain their system and wipe out the competition.”

A Senate vote on the stimulus plan is expected as early as Wednesday afternoon, even though the full legislative text has not yet been released to the public.

The bill would establish a $500 billion fund designed to bail out large corporations hit hard by the coronavirus crisis. Around $75 billion of the program, which would be controlled by the Trump Treasury Department, is earmarked for the airline industry.

But, Dayen wrote, the “enormity of this bailout is being under-reported.”

“The other $425 [billion] helps capitalize a $4.25 trillion, with a T, leveraged lending facility at the Federal Reserve,” Dayen said. “So it’s not a $2 trillion bill, it’s closer to $6 trillion, and $4.3 trillion of it comes in the form of a bazooka aimed at CEOs and shareholders, with almost no conditions attached.”

The Washington Post reported Wednesday that the stimulus package also includes a little-noticed $17 billion federal loan program that was inserted largely for the benefit of aerospace giant Boeing.

Dayen appeared on HillTV‘s “The Rising” Wednesday morning to discuss his thoughts on the Senate bill:

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VOODOO ECONOMICS: ‘The Covid-19 Dominoes Fall’, The World Is Insolvent

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Of Two Minds

– By Charles Hugh Smith

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Source – oftwominds.com

“…Everyone expecting the financial markets to magically return to January 2020 levels once the pandemic dies down is delusional. All the dominoes of crashing market valuations, crashing incomes, crashing profits and soaring defaults will take down all the fantasy-based valuations of bubblicious assets: stocks, bonds, real estate, bat guano, you name it….The global financial system has already lost $100 trillion in market value, and therefore it’s already insolvent”

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Subtract their immense debts and they have negative net worth, and therefore the market value of their stock is zero.

To understand why the financial dominoes toppled by the Covid-19 pandemic lead to global insolvency, let’s start with a household example. The point of this exercise is to distinguish between the market value of assets and net worth, which is what’s left after debts are subtracted from the market value of assets.

Let’s say the household has done very well for itself and owns assets worth $1 million: a home, a family business, 401K retirement accounts and a portfolio of stocks and other investments.

The household also has $500,000 in debts: home mortgage, auto loans, student loans and credit card balances.

The household net worth is thus $1,000,000 minus $500,000 = $500,000.

Let’s say a typical financial crisis and recession occur, and the household’s assets fall 30%. 30% of $1 million is $300,000, so the the market value of the household’s assets falls to $700,000.

Deduct the $500,000 in debts and the household’s net worth has fallen to $200,000. The point here is debts remain regardless of what happens to the market value of assets owned by the household.

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Trump to Declare a State of Emergency? Goodbye America!

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By Marti Oakley

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What does this mean to us?

State of emergency

Legal declaration by a government allowing assumption of extraordinary powers

A state of emergency (also known as a state of calamity in the Philippines) is a situation in which a government is empowered to perform actions that it would normally not be permitted. A government can declare such state during a disaster, civil unrest, or armed conflict. Such declaration alerts citizens to change their normal behavior and orders government agencies to implement emergency plans. Justitium is its equivalent in Roman law—a concept in which the senate could put forward a final decree (senatus consultum ultimum) that was not subject to dispute.

States of emergency can also be used as a rationale or pretext for suspending rights and freedoms guaranteed under a country’s constitution or basic law.
Wikipedia

At the edge of the proverbial cliff

Here we are facing the final stage of the destruction of our country as a sovereign nation.  We, as a supposedly free people, are about to face a national Armaghedon.  Under an emergency declaration, our constitution, or what is left of our rights and protections, are cast aside to make way for the reorganizing of the worlds economies and the subjugation of all populations.  All of this achieved by the hyping up of a virus that does not meet any standard for being declared an epidemic or pandemic.

Just to make sure you reach the proper level of fear, university’s, college’s and public schools are closed in numerous locations across the country.  The common connection in each of these instances is their tie to federal funding.  Want to keep your funding?  CLOSE YOUR DOORS!  That will scare them!

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TS Radio Network: Whistleblowers! Coronavirus used as cause for banking and Wall Street collapse

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Join us live Thursday evening March 12, 2020 at 7:00 pm CST!

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