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Money Daily has been providing business and financial market news, views, and coverage on a nearly continuous basis since 2006. Complete archives are available at moneydaily.blogspot.com.

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3/23-3/29/2020
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Joe Biden, Kamala Harris Time Magazine People of the Year; Markets Befuddled As Texas Lawsuit Proceeds At Supreme Court

Friday, December 11, 2020, 8:35 am ET

Would it not be the irony of all ironies if the freshly-appointed Time magazine People of the Year (POTY), Joe Biden and Kamala Harris turned out not to be president and VP "elect" after all?

It might make the print edition something of a collector's item, notably bestowing a prestigious award on people who never get to see the inside of the White House other than on a tourist pass. It could easily happen that Texas prevails in the Supreme Court, and the presidency is rightfully awarded to President Trump for a second term of office.

On Thursday, six states - Missouri, Arkansas, Louisiana, Mississippi, South Carolina, and Utah - petitioned the court to join the suit as plaintiffs after 18 states filed amicus (friends of the court) briefs supporting the claims that Pennsylvania, Wisconsin, Michigan, and Georgia violated federal election laws and committed fraud in the 2020 presidential election.

Additionally, 106 Republican members of the House of Representatives signed onto another amicus brief in support of the Texas suit which the mainstream media variously is describing as a "long shot," "outrageous last ditch effort," "lame," and other predictably negative characterizations.

The media is "all in" on Joe Biden and Kamala Harris, even though the evidence - hundreds of affidavits and sworn testimony by poll watchers, whistleblowers, statisticians, and campaign workers - points to a concerted effort to defraud the American people, primarily through the use of mail-in ballots which were counted unsupervised, not required to have signature matches, and sometimes pre-printed with Biden as the selection, primarily in Atlanta, Philadelphia, Pittsburgh, Milwaukee, and Detroit, all Democrat strongholds which swung President Trump's commanding leads into defeat after halting their vote counting on the evening of November 3rd.

By November 4th, all of Trump's leads had vanished and Biden was ahead in each of the states named as defendants in the suit. The Supreme Court is hearing the case and has taken responses from the defendant states. A ruling could come at any time, but could possibly be issued over the weekend.

Coincidentally, President Trump will be attending the annual Army-Navy game at West Point, marking the first time the game has been held at either of the service academies since 1943. All of the top military brass will also be in attendance along with thousands of Navy midshipmen and Army cadets. Whether or not the game's location is significant or not will soon be known.

Naming Joe Biden and Kamala Harris as the people of the year is another attempt by the corrupt mainstream media of TV networks, the Washington Post, New York Times, LA Times and other "owned" and controlled news outlets to further their false narrative over how the election was won. Many more than 70 million Americans disagree, believing that the election was stolen.

On that ominous note, markets went into suspended animation on Thursday, vaccillating across the unchanged line in a fairly tight, unconvincing range. It appears as though investors were not pleased with the 853,000 initial unemployment claims filed the previous week and announced Thursday pre-open, the highest number since September.

Stock junkies are also focused on congress' failure to deliver another stimulus bill any time soon, the precarious nature of Brexit negotiations, and mixed signals from the FDA on the vaccine front.

With stocks in Asia and Europe (DAX down 1.5%, EuroStoxx 50 down over one percent) trending lower and US futures in the tank (Dow Futs -187, NASDAQ Futs -84), the set-up for Friday is less-than-encouraging and holiday shopping - being mostly online this season - looks to be a big negative as 2020 draws to a close.

There's no guarantee of anything substantive coming out of the Supreme Court or in the Brexit negotiations within a short time frame, but there's certainty that this week will end with more questions than answers.

At the Close, Thursday, December 11, 2020:
Dow: 29,999.26, -69.55 (-0.23%)
NASDAQ: 12,405.81, +66.86 (+0.54%)
S&P 500: 3,668.10, -4.72 (-0.13%)
NYSE: 14,394.34, +20.26 (+0.14%)


Facebook In Anti-Trust Crosshairs, Tech Stocks Dumped; Initial Jobless Numbers Jump: 853,000

Thursday, December 10, 2020, 9:20 am ET

Editor's Note: Near-total burnout from the fake news, real news, fake pandemic, fake election results, consistent badgering by leftists. Sorry for the short post and little commentary. Need some rest.

Another 853,000 Americans filed new unemployment claims last week as the SCAM-demic response crushes the economy.

Facebook faces anti-trust lawsuit. Tech stocks pummeled.

Texas sues Pennsylvania, Michigan, Wisconsin, Georgia in Supreme Court. 18 States file amicus briefs. Defendants response due Thursday, Dec. 10 by 3:00 pm ET.

Hunter Biden the focus of criminal investigation of tax fraud, money laundering, connection to China.

President to attend Army-Navy game at West Point.

It's all related.

At the Close, Wednesday, December 9, 2020:
Dow: 30,068.81, -105.07 (-0.35%)
NASDAQ: 12,338.95, -243.82 (-1.94%)
S&P 500: 3,672.82, -29.43 (-0.79%)
NYSE: 14,374.08, -28.09 (-0.20%)


COVID Vaccines Are Unnecessary; Ivermectin Is A Wonder Drug According to Milwaukee Doctor, Studies

Wednesday, December 9, 2020, 9:03 am ET

The mainstream media will continue to lie to the American people and the world until people stand up to them and call them out.

They've been pushing the COVID-19 pandemic for 10 months and are now spouting off about the "second wave" rolling through the country. What the media and NIH (National Institutes of Health) do not want people to know is that there are preventive treatments that will render the COVID-19 virus null and void.

At a hearing before the Senate Homeland Security Committee on Tuesday, Dr. Pierre Kory, a respected physician at Aurora St. Luke's Medical Center in Milwaukee, told committee members in no uncertain terms:

"Mountains of data have emerged from many centers and countries around the world, showing the miraculous effectiveness of Ivermection. It basically obliterates transmission of this virus. If you take it, you will not get sick."

The truth cannot be told any more clearly than that. Stop the madness of lockdowns, stay-at-home orders, curfews, and economy-killing resolutions by power-mad governors. There are safe and effective methods of treating and preventing COVID-19 that fall well short of mass vaccination with vaccine medicines that are untested and of which the long-term effects are unknown.

Turn off the mainstream TV news, take off the masks of stupidity and slavery, and free yourself from the tyranny of controlled propaganda.

Who are you going to believe, this front line doctor who actually treats COVID patients and has done the research or the politically compromised Dr. Anthony Fauci who flaunts the use of masks and social distancing (which don't work, obviously) and untested vaccines?

At the Close, Tuesday, December 8, 2020:
Dow: 30,173.88, +104.09 (+0.35%)
NASDAQ: 12,582.77, +62.83 (+0.50%)
S&P 500: 3,702.25, +10.29 (+0.28%)
NYSE: 14,402.17, +47.20 (+0.33%)


Markets Concerned With Lockdowns, Cryptocurrencies, Solvency, Government Funding, Stimulus, NDAA, Election Fraud In Focus

Tuesday, December 8, 2020, 8:18 am ET

Signs are emerging that something big is about to happen in politics, markets, and society. Things could get very shaky in coming days.

Stocks haven't been able to move productively past recent highs, though the NASDAQ seems to know no bounds. It was up on Monday as the other indices were lower. As the coronavirus hoax continues to spread, according to the fake TV media, many states have imposed or re-imposed lockdowns, stay-at-home orders and other restrictions on movement, congregation and commerce that have the public at-large angry and anxious.

No place is more restrictive than California, where 52 of 58 counties - 99.2% of the state's population - is under the strictest lockdown orders from Governor Newsom, but residents are protesting and some law enforcement agencies are ignoring the orders, choosing not to enforce them. The entire state is being thrown into chaos, more by the restrictions on the population than by the virus. Meanwhile, the state's economy has crumbled, as the rest of the United States is about to collapse along with its most populous state.

The mainstream media continues to harp on breathlessly about the spread of this CV-19 virus that generally only affects people over the age of 60 with other pre-existing medical conditions, but that hasn't stopped them from reiterating the need to lock down certain businesses, wear masks and stay away from each other (social distancing). No economy can exist for long with businesses shut down, doors closed, people out of work, schools closed, and governors acting more like tin-pot dictators than public servants.

In Washington, DC, Democrats and Republicans are desperately trying to piece together a stop-gap spending bill to prevent a government shutdown, just in time for Christmas, right in the middle of a pandemic (Managed to jam two of the media's favorite cliches into one sentence, bravo!).

The current strategy by the assembled morons on Capitol Hill is for a one-week spending bill by Friday, December 11. That would keep the federal government operating until the following Friday, December 18. Nobody should be surprised by the ineptness and dramatic flourish of the elected class. Congress mismanages everything they get their hands on, which is just about everything that matters in public and private lives.

While the House and Senate try to figure out how much money they'll need to get through a week of doing little to nothing of any good, they're also "negotiating" on a COVID relief bill that's been delayed since July. The current $908 billion proposal would provide roughly $300 in extra federal weekly unemployment benefits but not another round of $1,200 stimulus checks. A framework for that package, including $160 billion for state and local governments, was rolled out last week, and legislative text was expected early this week. Prospects for passage are good, but that's a line the American people have heard all too many times.

Without a provision for aid to individuals generally, the relief bill may be dead on arrival. Besides, President Trump has long been opposed to bailing out cities and states, which is a major focus of this bill. He may decide to veto it, along with an expected veto on the proposed National Defense Authorization Act (NDAA).

The House is set to vote on the defense bill Tuesday, and the Senate will likely vote Thursday. The bill has bipartisan support. Legislators are hoping to produce a two-thirds majority on the bill, which would be enough to override a presidential veto. President Trump had threatened to veto the NDAA if it contained a provision to rename military bases and facilities that honor Confederate leaders. The current agreement does.

More recently, Trump said the bill would need to include a repeal Big Tech's Section 230 liability protections. The compromise does not. The administration is on a collision course with the congress over this and other issues.

Elsewhere, the Bank for International Settlements (BIS) was out Monday with a warning that the ongoing global financial crisis is moving from a liquidity stage to a solvency stage, wherein more companies would seek bankruptcy protections and smaller firms would be completely wiped out.

Adding to the noise and confusion is a report on a conference call between G7 finance ministers focused on their growing concerns over the regulation of alternative currencies like Bitcoin and Facebook's recently-renamed Diem stablecoin (formerly "Libra").

Germany's Finance Minister, Olaf Scholz, noted that regulators "must do everything possible" to make sure the currency monopoly remains in the "hands of states."

As if that wasn't enough to roil markets, evidence of massive fraud occurring in the 2020 election continues to grow.


Is the hammer about to drop on the election "riggers?"

Pay attention to the wording of Executive Order 13848 (see link below), which specifically says the Director of National Intelligence (DNI), which is John Ratcliffe, must deliver a report to the president no later than 45 days after election day. That date would be December 17. Just days ago (December 3), the president was asked if he had confiidence in Attorney General William Barr, to which he answered, ""Ask me that in a number of weeks from now," again indicating that investigations and lawsuits are continuing.

Epoch Times: Director of National Intelligence: Election 'Issues' Need to Be Resolved Before Winner Declared

Did President Trump 'Go Nuclear' in 46-Minute Video?
Related: Executive Order 13848

Infowars: Deep State Threat? Gov. Kemp Daughter's Boyfriend Killed In Fiery, Explosive Wreck

Georgia Video: Ruby Freeman says she needs a lawyer

hereistheevidence.com - Crowdsourcing tool for aggregating publicly available items of evidence that would be admissible in court.

Newsmax: Rudy Guiliani says Georgia, Michigan, Arizona could change electoral college voters

More

Running compendium of fraud charges in 2020 Election - realclearinvestigations.com

Coverage of election irregularities and challenges - Epoch Times

2020 Election Litigation Tracker - SCOTUSblog, Election Law at Ohio State

A Guide to 2020 Election Laws and Lawsuits - ProPublica

At the Close, Monday, December 7, 2020:
Dow: 30,069.79, -148.47 (-0.49%)
NASDAQ: 12,519.95, +55.71 (+0.45%)
S&P 500: 3,691.96, -7.16 (-0.19%)
NYSE: 14,354.97, -62.36 (-0.43%)


WEEKEND WRAP: Stocks, Gold, Silver, Oil Bid; Treasury Yields Spike; Fakery and Fraud Rampant

Sunday, December 6, 2020, 9:25 am ET

For equity investors, December began pretty much the same way November ended. Stocks continued to plow ahead into new ground based on hope of vaccines that may or may not be effective in dealing with the fake pandemic virus, CV-19. All of the major indices broke out to new all-time highs by the end of the week.

The massive gains in stocks while the Main Street economy withers and dies is beginning to appear overvalued, to say the least. Mainstream media's propaganda machine continues to hype the number of new cases and flaunt deaths as though almost all are caused by the "hidden killer" while new unemployment claims remain elevated week after week over 700,000, and November's non-farm payroll report was disappointing, with only 245,000 new jobs created, the worst showing since April.

Doug Noland breaks down the week in many words.

Treasuries were sold off as money bled over into stocks, with yields on the 10-year note and 30-year bond approaching levels of a month ago, but prior to that not seen since March. 10-year note yield gained 13 basis points and the 30-year, 16, to 0.97% and 1.73%, respectively, for the week.

Oil continued to be troubling, as WTI crude ended the week at it's high point: $46.09 per barrel. The price gain is largely attributable to OPEC and a group of Russia-led oil producers (aka OPEC+) agreeing to increase output by 500,000 barrels a day next month at their meeting which wrapped up Thursday.

Normally, production increases would cause prices to tumble, but this case was different, as the original plan was for an increase of two million barrels a day, beginning in March. WTI and Brent crude oil prices are up 21% and 22%, respectively, in the past month, but they're still about 25% lower than pre-pandemic levels. In the pretzel logic that is now all things financial, the smaller increase is seen as a positive for oil prices, anticipating stronger demand as vaccines are rolled out and lockdowns expire after the holidays.

Never mind that prices for fuel at the pump are approaching pre-pandemic levels. Nobody is supposed to notice the unique timing of price increases when more people are ignoring the recommendations of the CDC and various state governors, more proof that the economic system currently in play is designed to eviscerate the middle class through Chinese-water-torture-style slow-drip inflation.

Precious metals finally got bid up after weeks of declines. Gold ended last week at $1781.90, bottoming at $1775.70 on Monday to finish up Friday at $1840.00. Silver gained from $22.55 an ounce last Friday to 24.32 on December 4, also hitting a low on Monday at $22.53. The gains are widely being hailed as evidence of the end of the recent consolidation period which has prevailed since new highs were made in August: $29.26 for silver and $2069.40 for gold. Along with cryptocurrencies, with Bitcoin making new all-time highs ($19,870.03 Tuesday, December 1) before backing off slightly, appears to be setting up alternatives to the flailing and failing US dollar and other fiat currencies for significant increases in 2021.

The most recent prices for common gold and silver items on eBay are presented below (numismatics excluded, shipping - often free - included):

Item: Low / High / Average / Median

1 oz silver coin: 27.00 / 45.95 / 34.41 / 33.84
1 oz silver bar: 30.50 / 49.99 / 38.07 / 38.25
1 oz gold coin: 1,925.00 / 1,986.29 / 1,959.41 / 1,953.04
1 oz gold bar: 1,899.95 / 2,065.00 / 1,955.38 / 1,943.68

Useful Educational Links:

Catherine Austin Fitts on what the COVID vaccines really are.

Masks don't work. In fact, they may actually help spread viruses. See here.

Wearing a mask offers no benefit over not wearing a mask.

It's a hoax! In Germany, doctors and lawyers set up a formal German Corona Investigative Committee and they have declared that Covid is simply another flu (CDC data shows 99.9% survival rate for most age groups). German-American lawyer, Dr. Reiner Fuellmich, outlines the scientific fraud in the Covid PCR test, which was not designed for diagnostic purposes (it is a research tool), and the crimes against humanity in the tyrannical governmental response (lockdowns):

"Crimes Against Humanity": The German Corona Investigation.

Summary of some of the findings in "The PCR Pandemic":

It is: The biggest tort case ever and the greatest crime against humanity.

Those responsible must be: Criminally prosecuted for crimes against humanity and sued for civil damages.

Deaths: There is no excess mortality in any country, corona virus mortality equals seasonal flu, and doctors and hospitals worldwide were paid to declare deceased victims of Covid-19.

Autopsies showed: Fatalities almost all caused by serious pre-existing conditions, almost all deaths were very old people. US states with and without lockdowns have comparable disease and mortality.

Tests: Many scientists call this a PCR-test pandemic, not a corona pandemic. Very healthy and non-infectious people may test positive. Likelihood of false positives is 89-94% or near certainty. PCR tests are useless for the detection of infections. A positive PCR test does not mean an infection is present or that an intact virus has been found. Amplification of over 35 cycles is unreliable but WHO recommended 45 cycles.

Illegality: Corona measures have no sufficient factual or legal basis, are unconstitutional and must be repealed immediately. Mainstream media completely failed to report the true facts of the so-called pandemic.

Conspiracy: Politicians and mainstream media deliberately drove populations to panic.

The doctors from the German Corona Investigative Committee also put out a book with their findings, which also includes CDC data: Global Covid Report- There is no deadly pandemic.

Here's an audio of top Canadian pathologist, Dr. Roger Hodkinson, Chairman of the Royal College of Physicians and Surgeons committee in Ottawa, telling the Canadian government: "There is utterly unfounded public hysteria driven by the media and politicians. It's outrageous. This is the greatest hoax ever perpetrated on an unsuspected publicŠ It should be thought of as nothing more than a bad flu season. It's politics playing medicine and that's a very dangerous game. There is no action needed. Masks are utterly useless. There is no evidence they are effective whatsoever. Paper masks and fabric masks are simply virtue signaling. It is utterly ridiculous seeing these uneducated people walking around like lemmings obeying without any evidence. Social distancing is also useless. Closures have had terrible consequence and everywhere should be open tomorrow. Positive testing results do NOT indicate clinical infection. It is simply driving public hysteria and ALL testing should STOP. Unless you are presenting to hospital with respiratory problems, it's just another flu."

Dr. Sucharit Bhakdi, who wrote the book, "Corona: False Alarm?" also says this is a PCR pandemic rather than a true pandemic. "The more tests are performed, the more COVID-19 cases are found during the epidemic. This is the essence of a laboratory-created pandemic." Dr. Bhakdi says, "this virus is no more deadly than a seasonal flu and for people under 70, it is even less deadly than the seasonal flu.

Ex-Pfizer Chief Science Officer, Dr. Michael Yeadon says the second wave was faked with false positives from the PCR test and that the pandemic is over. From his twitter: "Look, I can't be more direct. We can't have a lethal pandemic sweeping the land, killing thousands of people & it NOT show up in the total mortality chartsŠIt's MISDIAGNOSES. Please wake up. It's not even new. PCR false positive pseudo epidemics exist. We've got one. When in a pseudo epidemic everyone thinks it's a real epidemic. But we don't have extra deaths The fascinating thing about test related pseudo epidemics is that they vanish as soon as the aberrant test is halted. Nothing else changes because nothing else is happening." He noted this New York Times report as an example of a pseudo epidemic: false epidemic of whooping cough because of false positives from a PCR test.

Dr. Kaufman at Red Pill Expo exposing the Layers of FRAUD.

COVID-19 never isolated & Koch's postulates not fulfilled.

There is No Covid and There is No Pandemic. There is only Deception and Tyranny.

Even CDC Now Admits No "Gold Standard" of COVID19 Virus Isolation.

The Covid-19 Pandemic, Does It Exist? The Truth is Being Obliterated. The Global Elite's Campaign Against Humanity.

SARS-Cov-2 virus was never proved to exist: If you can't prove a virus exists, how do you create a test to detect it? How can you claim the test reveals that people are infected with the virus?


Sample letter to send to the Supreme Court on election fraud (cut/paste, insert your credentials):

Your name
Your address
City, State Zip

DATE:___________

The Hon. Chief Justice John G. Roberts
The Supreme Court of the United States
One First Street N.E.
Washington, D.C. 20543

Your Honor:

You already know that numerous odd events of the 2020 Presidential Election are surfacing and taken together suggests our recent election was fraudulent and manipulated via Dominion voting machines. This deeply concerns me as an American citizen who values our Constitutional liberties.

President Trump appears to have uncovered A Worldwide Election FRAUD Issue with Dominion voting machines.

Dominion admits their machines can be connected to the internet. They can be remotely accessed to manipulate vote results and leave no evidence of tampering.

Nadeam Elshami, former chief of staff for Nancy Pelosi is a lobbyist for Dominion. Richard Blum, Senator Dianne Feinstein's husband, is a major stockholder in Dominion. Even Joe Biden stated on October 24, 2020, "... we have put together ... the most extensive and inclusive voter fraud organization in the history of American politics." These revelations are disturbing to all Americans.

In Pennsylvania, 1.8 million mail-in ballots were sent out, and 2.5 million came back and were counted. This means that 700,000 fraudulent ballots were counted! And this is just one state. How many other states have similar ballot discrepancies? This needs to be investigated.

The constantly surfacing and accumulating fraud issues is compelling evidence for the Supreme Court to consider invalidating the entire election, and put the Electoral College on hold until these serious issues are investigated and resolved. If we cannot conduct free elections honestly, why bother voting at all?

Our freedoms and confidence in our government are now in serious jeopardy.

Supreme Court justices need to speak with one voice to proactively protect these freedoms.

Thank you for doing the right thing for all America. God Bless You and all Supreme Court Justices.


Sincerely,

(sign your name)

(print your name)


At the Close, Friday, December 4, 2020:
Dow: 30,218.26, +248.74 (+0.83%)
NASDAQ: 12,464.23, +87.05 (+0.70%)
S&P 500: 3,699.12, +32.40 (+0.88%)
NYSE: 14,417.33, +200.14 (+1.41%)

For the Week:
Dow: +307.49 (+1.03%)
NASDAQ: +258.39 (+2.12%)
S&P 500: +60.77 (+1.67%)
NYSE: +218.83 (+1.54%)


Disclaimer: Information disseminated on this site should not be construed as investment advice. Downtown Magazine, Money Daily and it's owners, affiliates and/or employees are not investment advisors and do not offer specific investment advice. All investments have risk. You should consult a professional investment advisor or stock broker or use your individual judgement when making investment decisions. By viewing this site, you hold harmless Downtown Magazine, Money Daily, its owners, affiliates and employees against any and all liability.


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