Trump Letting 'Pretentious Windbag' Fauci Set Policy Is Destroying U.S. Economy

https://www.economicpolicyjournal.com/2020/04/stockman-warns-trump-letting.html

Follow link to see video of David Stockman on fire.

FISA should be abolished

JORDAN:  Bob Mueller had 19 lawyers, 40 FBI agents, $30 million and two years to do this and we’re just now learning it. Thank goodness Bill Barr put U.S. Attorney Jensen in charge of this to go back and look at the Mike Flynn situation. And, again, thank goodness that — that Sidney Powell has been pushing for this or we wouldn’t get this information.

And, again, I come back to, why didn’t we learn this from Chris Wray? Chris Wray testified in front of the Judiciary Committee two months ago, in February, and he told us with this whole FISA process, you can all sleep well at night. We’ve got it all under control.

Well, guess what, we just learned this information about General Flynn. And, just as importantly, Mr. Horowitz told us just four weeks ago he’s looked at 29 FISA applications, random sample of 29 FISA applications where American citizens have been spied on and he found that in every single one there were major problems.

In four of those 29, they couldn’t even find the Woods file, which is the underlying file they keep of the evidence that they then take to the — to the FISA court. In four of those cases, they couldn’t even find the Woods file. And the FBI director is telling us, oh, we can all sleep well at night.

This — I mean, again, if they can do this to a three-star general, if they can do this to the president of the United States, imagine what they can do to you and me. And, more importantly, imagine what they can do to the 750,000 people I get the privilege of representing in the fourth district of Ohio. That is what’s so troubling about all of this. And Christopher Wray needs to — needs to tell us what he’s been up to this two and a half years that he’s been director of the FBI.

https://www.breitbart.com/clips/2020/04/30/jim-jordan-michael-flynn-situation-worse-than-we-thought-americans-are-fed-up-with-this-want-it-cleaned-up/

The whole thing is starting to come out.  James Comey is a straight up crook and traitor and should be in jail, along with Peter Strzok, Lisa Page, and everyone else from the FBI who knew that the Steele was totally false.  They were involved in a treasonous plot to overturn the results of the 2016 election. Bob Mueller was totally incompetent.  And Christopher Wray, the current FBI director should be fired for continuing to cover up the plot.  General Michael Flynn should be totally, completely exonerated.  And the FISA court should be totally abolished - no more spying on Americans.

Watch the banned Dr Erickson video here

Source: https://www.bitchute.com/video/oGVRqleTzzMi/

YouTube banned this video after it got 5 million views because it contradicted the established narrative.  See https://www.dailymail.co.uk/news/article-8269475/YouTube-accused-censorship-removing-videos-criticize-shutdowns.html

YouTube is nothing more than a Chinese Communist Party mouthpiece at this point. Use bitchute.com whenever possible, and there are other alternatives as well.

Elon Musk is the hero we need.  Susan Wojcicki, CEO of FaceBook, is trash.  Watch the vidoe, at least for a minute so it shows up on the bitchute numbers.

Boycott FaceBook. End the lockdown!

We all believe in the Magical Money Tree now

This video is by Professor L Randall Wray.  According to Wakipedia, he is currently a professor at Bard College near New York City.  He is from the "Kansas City school of economics" (UMKC) along with fellow deep thinkers Michael Hudson and Stephanie Kelton. Other members are Matthew Forstater, economics professor at UMKC, and Max Skidmore, political science professor at UMKC.

The video is entitled "MMT: The Fed And The Treasury Can't Be Independent".  It's an example of MMT thinking.

I think it is important to understand MMT by proponents in their own words.  I think ultimately it is flawed, but it is just a theory or model which can be useful.  And both Democrats and Republicans are believers in it as evidenced by the massive bailouts.

One way I think about it (and this is my perception not those of MMTers) is that there is a secret government.  Not a deep state government led by generals who secretly meet in bunkers and pledge their allegiance to a secret leader - I speculate that this secret deep state leader is Prince Philip, but I digress.  No, the secret government is an economic government - "he who creates the money makes the rules".  The US government is primarily an economic institution - the Department of Treasury led by Steven Mnuchin - with a benevolent arm. The leader of this economic government (which Treasury is a part of, but not the head of) is - drumroll please - Laurence D Fink, the CEO of Blackrock.  I'm not saying Fink is the ultimate head of the secret economic government, but he is the public face of it.  Blackrock has been delegated power by the Federal Reserve to oversee the bailout.

Anyways, there is lots more that could be said about MMT - using pre-2020 writings and videos, and about the secret economic government.

And the article that inspired this blogpost: https://michael-hudson.com/2020/04/another-giveaway/

And here is more: https://moderaterebels.com/transcript-us-coronavirus-bailout-michael-hudson/

Lockdown nation is the greatest government-imposed catastrophe of modern times

Can Gin & Tonic fight the coronavirus?

Time for some experiments.

Mr Blue Sky A Capella

The Resistance

Operation Infektion

Interesting video to watch later.

Fire Fauci

It’s clear that the plan from the beginning was to allow this virus to run wild in high profile places like New York and Italy to create fear. It is also clear that people like Dr. Anthony Fauci were activated to ensure the worst possible response to the crisis would be implemented in the U.S.

And now, after more than a month after shutting down whole swaths of our economy and locking people in their homes under effective house arrest it’s also clear that most of this response was overblown and unnecessary.

And here in the U.S. the point man on this insanity has been Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases (NIAID) whose ties to all the worst people you can imagine run very, very deep.

https://www.zerohedge.com/health/luongo-rages-firefauci-should-be-rallying-cry-generation

Gold hits $1700 an ounce

The price of gold hit $1700 an ounce yesterday (April 13, 2020).  It is currently (4/14) about $1725/ounce.

It hit $1600 an ounce on February 18, although it briefly dipped back below $1500 an ounce from March 16 to 20.  (Did something happen in that timeframe?  Yea a stock market crash.  The Dow dropped 2997 points on March 16).

It hit $1500 an ounce on on 8/7/19, and $1400 an ounce on 7/5/19.

I expect it to hit $1800 an ounce in a few weeks and will announce the occasion, if I remember.  Hyperinflation is here my friends.  The goldbugs are finally right.

The 2020 Deficit will exceed $3.8 trillion

Source: http://www.crfb.org/blogs/new-projections-debt-will-exceed-size-economy-year

What is the FY 2020 currently at?  The fiscal year-to-date deficit is only $743 billion as of the end of March.  See: https://fiscal.treasury.gov/files/reports-statements/mts/mts0320.pdf.

That means the federal government will spend over $3.1 trillion between April 1 and September 30, 2020.

Federal Reserve Balance Sheet exceeds $6 Trillion

As of 4/8/20, the Federal Reserve Balance Sheet has $6,083,141,000,000 in assets.  Source: https://fred.stlouisfed.org/series/WALCL

It first exceeded $5 trillion on 3/27/20.  It will likely be above $10 trillion by the end of the year.

How much of this is Treasury debt?   The total of Treasury securities owned by the Fed is 3,634,386 million as of 4/8/20. The Treasury has $827 billion in its bank account at the Federal Reserve, probably the highest it has ever been. And it will all be spent within a few weeks.

$18 Trillion in Debt Held By the Public

On 4/7/2020, the Debt Held By the Public reached 18,004,963,300,482.19 . I have stopped looking at the total national debt (which by the way reached $24 trillion on the same day) because it is irrelevant.  This was exactly 5 months after it reached $17 trillion.

Lets look at the past history of this number and my posts about it.

The Debt Held By the Public reached $17 trillion on 11/7/19.  See 
How the elite parasites who run our economy spent $1 trillion in only 3 months

It reached $16 trillion on 11/30/18.  https://aftermath2022.blogspot.com/2018/12/16-trillion-in-debt-held-by-public.html

It reached $15 trillion on 2/15/18. https://aftermath2022.blogspot.com/2018/02/15-trillion-in-debt-held-by-public.html

It reached $14 trillion on 8/11/16.  https://aftermath2022.blogspot.com/2016/08/14-trillion-public-debt.html

It reached $13 trillion on 12/30/14. https://aftermath2022.blogspot.com/2015/01/public-debt-exceeds-13-trillion.html

It reached $12 trillion on 10/17/13. http://aftermath2022.blogspot.com/2013/10/17-trillion-national-debt.html

It reached $11 trillion on 5/31/12.  https://aftermath2022.blogspot.com/2012/06/debt-held-by-public-hits-11-trillion.html

It reached $10 trillion on 8/31/11. http://aftermath2022.blogspot.com/2011/09/debt-held-by-public-reaches-10-trillion.html

It reached $9 trillion on 9/30/10.

It reached $8 trillion on 3/1/10.

It reached $7 trillion on 5/28/09.

It reached $6 trillion on 10/10/08.

It reached $5 trillion on 3/1/07.

It seems like ancient history now, but it used to be rare to have debt issued by the government.  The Treasury Department didn't even have daily numbers for the Debt Held By the Public until  3/31/2005 when the number was about $4.5 trillion.  Before that it was done monthly or even annually and the number didn't change much.

Anyways, we should be above $20 trillion by the end of the year.

Deadbeat nation

Nearly a third of US apartment renters didn't pay ANY rent for April as coronavirus shutdown puts millions out of work and landlords fear they won't be able to pay taxes and utilities 
Nearly a third of U.S. residential tenants did not make any rent payments in the first week of April, according to new industry data, while experts warn 1.5 million families could be pushed to the brink of homelessness by the coronavirus crisis. By April 5, 31 percent of apartment households nationwide had not made any rental payments, according to data released by the National Multifamily Housing Council on Wednesday. Some 40 million Americans live in rental apartments nationwide, and many of them are under the strict lockdown orders that have affected more than 90 percent of the U.S. population, shutting down businesses and putting millions out of work. Renters who are unable to make full payments in the crisis fear that landlords will come after them once housing courts reopen and evictions resume, and the rental industry fears it will be unable to meet utility and tax obligations if rental payments continue to decline.
https://www.dailymail.co.uk/news/article-8200927/Nearly-apartment-renters-didnt-pay-rent-April.html

This is a disaster.  Tenants who couldn't make April rent payments won't be able to make May payments either.  Meanwhile the landlords are forbidden from evicting them.  When the courts reopen, hopefully in May, they will be swamped and they will be sympathetic to the tenants.  Eviction is usually a pretty quick summary process - the landlord must give ten days notice before filing, and then when the case is filed the hearing is scheduled within 14 days.  However, if the tenant-to-be-evicted files an answer, it could easily be more than a month before it goes to trial.  The judge will probably order the landlord to give the tenant another free month of rent.  So it could easily be the end of June or later before the landlord gets the defaulting tenant out.

Meanwhile, the tenants who still have jobs and would be inclined to pay rent wonder why they should pay.  They may decide to join in a "rent strike" in solidarity with their deadbeat neighbors against the greedy capitalist pig landlords.  So the problem gets pushed off to the landlord, who won't be able to pay his mortgage.  If this keeps up, he will get foreclosed on.  Even if it isn't this bad the lowered rental income will make property values decline.  The bankers won't feel the pain because they got bailed out.

The idiots in charge, like Dr Fauci, don't have a clue as to the enormous problems they are causing. They want the economy to be shut down for the next 18 months.  We need to reopen as soon as the virus is past its peak, which will be within a few days, probably on April 12.

==================================
See also: A massive wave of evictions is coming. Temporary bans won't help.

Mitigation is a catastrophe

But it is becoming increasingly clear that “mitigation” has done nothing but cause a pointless, catastrophic disruption of social and economic life. This seems to delight the lying media and their Democrat partners, who are striving to keep fear alive, avoid or minimize any good news about the numbers, overstate the burden on local hospitals (without any unedited video or other reliable evidence), argue against curative treatment by hydroxychloroquine or otherwise, get everybody into masks after months of  “expert” advice that masks are ineffective, and generally prolong the economic damage and loss of civil liberties for months to come.  

As the actual numbers belie the pseudo-scientific prophecies of doom, however, the lockdown of America that began with Democrat governors and mayors now exhibits a curious and hardly coincidental fissure along party lines.  As of today, nine states, all headed by Republican governors, refuse to join the lockdown regime and now provide embarrassing counterfactuals demonstrating that officially mandated lockdowns were never necessary and have probably made the situation worse by preventing the development of “herd immunity” to this virus, like all the others, from the normal interaction of large populations. 

https://remnantnewspaper.com/web/index.php/fetzen-fliegen/item/4841-coronagate-the-truth-emerges

Inflation is coming

 I expect prices to accelerate after the lockdown is over. In short, the Federal Reserve is pumping massive amounts on new money into the economy and, at the same time, the production of goods and services has declined. Less supply more monetary demand is a prescription for higher prices.

Egg prices for grocers across the U.S. averaged $3.01 a dozen at the end of last week, compared with 94 cents at the beginning of March, according to U.S. Department of Agriculture data.
https://www.economicpolicyjournal.com/2020/04/first-sign-of-accelerating-price.html

The mortgage industry is being destroyed

Read: https://www.cnbc.com/2020/04/06/coronavirus-bailout-there-is-going-to-be-complete-chaos-mortgage-ceo.html

Servicers are granting the payment deferrals to borrowers with no questions asked, as is required by the law, but the servicers still have to pay mortgage bond holders.

Borrowers don't have to pay their mortgages for 90 days without any proof of hardship.  But the loan servicers still have to make payments to the bond holders.  And the loan servicers don't get any forbearance or liquidity help.

"From what we are hearing, and we can’t verify it, the FHFA director instructed the GSEs not to set up a liquidity or advance facility.”

If I were into conspiracy theories, it would sound like this is a premeditated plan to destroy all mortgage loan servicers and to nationalize all mortgages for the average person.  Note that this loan forbearance program is only available for government-backed mortgages.

The stimulus package will make things worse

From: https://www.mediamatters.org/coronavirus-covid-19/art-laffer-reacts-66-million-unemployment-claims-stimulus-will-make-economy

ART LAFFER (REAGAN ECONOMIC ADVISER): This stimulus package will make things worse, not better. What we need to do is let people who work and produce keep their income, not have the government take it, and by putting that stimulus package in just like in the 2008-2009 period, and in the Great Depression, it will make the economy worse, not better. 

VARNEY: I don't get it, Art. I don't get it. I don't see how massive spending, we are talking trillions and trillions and trillions of dollars, I don't see how that does not put a floor under the economy. I don't see how it hurts the economy. You explain it to me. You tell me how spending all of this money actually hurts the economy. 

LAFFER: I will. Government spending is taxation. Government doesn't create resources, Stuart. They redistribute resources. Whenever the government spends $1 trillion, it takes $1 trillion from workers and producers who otherwise would — so government spending is taxation and as such, government spending will reduce the growth rate of the U.S. and will hurt the economy in bad, bad times. Now, when we are rich and when prosperous, government spending is perfect then because we can afford to take resources away from producers. But right now, we need to be the fans of producers, not the fans of consumers. I'm very sorry, but that's what has to be done now. We need free markets more than ever. 

Updated Coronavirus Projections

This is my prediction of coronavirus deaths in the US.  The actual numbers will probably be less than this:

Date	Deaths	Total
04/01/20	1,049	5,102
04/02/20	974	6,076
04/03/20	1,045	7,121
04/04/20	1,330	8,451
04/05/20	1,165	9,616
04/06/20	1,255	10,871
04/07/20	1,443	12,314
04/08/20	1,659	13,973
04/09/20	1,908	15,881
04/10/20	2,194	18,075
04/11/20	2,304	20,379
04/12/20	2,419	22,798
04/13/20	2,540	25,338
04/14/20	2,610	27,948
04/15/20	2,637	30,585
04/16/20	2,505	33,090
04/17/20	2,380	35,470
04/18/20	2,261	37,731
04/19/20	2,148	39,879
04/20/20	2,041	41,920
04/21/20	1,939	43,859
04/22/20	1,842	45,701
04/23/20	1,750	47,451
04/24/20	1,663	49,114
04/25/20	1,580	50,694
04/26/20	1,501	52,195
04/27/20	1,426	53,621
04/28/20	1,355	54,976
04/29/20	1,104	56,080
04/30/20	1,044	57,124
05/01/20	971	58,095
05/02/20	909	59,004
05/03/20	850	59,854
05/04/20	786	60,640
05/05/20	726	61,366
05/06/20	671	62,037
05/07/20	636	62,673
05/08/20	570	63,243
05/09/20	525	63,768
05/10/20	470	64,238
05/11/20	440	64,678
05/12/20	389	65,067
05/13/20	351	65,418
05/14/20	309	65,727
05/15/20	277	66,004
05/16/20	248	66,252
05/17/20	213	66,465
05/18/20	192	66,657
05/19/20	169	66,826
05/20/20	146	66,972
05/21/20	124	67,096
05/22/20	108	67,204
05/23/20	94	67,298

The peak deaths will be on April 15, although this may have already occurred on April 4.  The pandemic will be completely over on May 23 with less than 100 deaths.

The figures originally came from http://covid19.healthdata.org/united-states-of-america but I modified them.

====================
Update:  This forecast, published on 4/7/20, showed that the peak was 2637 deaths on April 15.  The coronavirus deaths did peak on April 15 at 2618 deaths.  That was extremely accurate, but I can't take credit for it because I was repeating the info.