Monthly Archives: November 2020

Q-3 Economic Update

I was expecting a landslide win for Trump, but the discrepancies in the Dominion voting program used in 30 states, mail-in ballot fraud, and overall voting fraud occurred on a much greater scale than I thought possible, hence I have delayed in sending this update as the evidence has emerged. Ultimately, I still believe Trump will win as there is a vast body of tangible proof and eyewitness testimony of the massive fraud that has occurred.  Decisions on these matters, however, will ultimately depend on which political party controls the Governor and Secretary of State seats, legislatures, state Supreme Court and County Clerk offices of each contested state.  Unfortunately, truth and facts have little to do with the outcome of anything in America any longer.  A quote from Joseph Stalin sums up the current election pretty well: “It’s not the people who vote that count, it’s the people who count the votes.” 

I expect the world will use the perceived current crisis to change many things, both good and bad.  The World Economic Forum wants to reset the world economy and “fix” capitalism, which really means they want to control it and not allow free enterprise to be free. Whenever the global elite want to fix or help us, it never ends up well.  The November issue of Time magazine the articles below describe the forum and economic reset they want to implement.  If Biden were to become president this plan would be the future of America… in other words, the end of the United States of America as we know it.

Time is Promoting the Left’s Plan to Destroy American Capitalism with The Great Reset (10.26.20) The Blaze https://www.youtube.com/watch?v=bgN4lc2iZtI&feature=emb_logo

Time Magazine Announces the Great Reset to Usher in World Socialism (10.30.20) https://www.lifesitenews.com/news/time-magazine-announces-the-great-reset-to-usher-in-world-socialism

The Dow finished the second week in November at 29,480 less than 100 points from its all-time high, and the S&P 500 broke its record high, ending at 3,585. The reason for the climb is the Pfizer vaccine breakthrough.  In light of all the uncertainty, it’s amazing the US markets have risen to the levels they have.   The market isn’t the only positive economic indicator, unemployment is down, job growth is up and the economy is growing.  States that are not locked down are experiencing economic recovery.

The Epoch Times reported, “The Department of Commerce announced Thursday that U.S. economic output in the third quarter grew by 33.1 percent, the largest expansion on record, after falling by 31.4 percent in the second quarter, the largest shrinkage on record.  In a release detailing the agency’s “advance” estimate for third-quarter gross domestic product (GDP), the Commerce Department noted, as is standard practice, that the number is subject to a follow-up revision, to be published on Nov. 25. The Commerce Department said the record rebound reflects the reopening of the economy and resumption of business activity following lockdowns spurred by the outbreak of the CCP (Chinese Communist Party) virus The WSJ wrote, “The economy grew at a record pace in the third quarter—increasing 7.4% over the prior quarter and at a 33.1% annual rate—recovering about two-thirds of the ground it lost earlier in the coronavirus pandemic. Gross domestic product—the value of all goods and services produced across the economy—jumped as pent-up consumer demand and government support helped power spending after disruptions related to Covid-19 eased.

S&P 500 Finishes Week at Record on Vaccine Optimism (11.13.20) WSJ

https://www.wsj.com/articles/global-stock-markets-dow-update-11-13-2020-11605265854?mod=hp_lead_pos1

Weekly Jobless Claims Edge Down to Lowest Level Since March (11.5.20)

https://m.theepochtimes.com/weekly-jobless-claims-edge-down-to-lowest-level-since-march_3566898.html

US Economy Grew by Record 33.1 Percent in Third Quarter (10.29.20) Epoch Times https://www.theepochtimes.com/us-economy-grew-by-record-33-1-percent-in-third-quarter_3557409.html?utm_source=news&utm_medium=email&utm_campaign=breaking-2020-10-29-1

The Economy’s Post-Lockdown Comeback  (10.28.20) WSJ

https://www.wsj.com/articles/the-economys-post-lockdown-comeback-11604012495?mod=opinion_lead_pos2

U.S. Economy Recovered Significant Ground in Record Third-Quarter GDP Rebound (10.29.20) WSJ https://www.wsj.com/articles/us-gdp-third-quarter-2020-11603908566?mod=hp_major_pos3#cxrecs_s

Red States Economies Fare Better Amid CCP Virus, Unemployment Data Indicates (10.25.20) https://www.theepochtimes.com/red-states-economies-fare-better-amid-ccp-virus-unemployment-data-indicates_3551950.html?utm_source=news&utm_medium=email&utm_campaign=breaking-2020-10-25-3

Central Banks & Digital Currency

The US and the rest of the world are moving rapidly toward replacing paper currency with digital currency.  China just said they would be going digital by Jan 1, 2022.  CBN News reported, “Experts say digital currencies are the future of money. And whether we like it or not, experts also say digital currencies will eventually replace cash.   The nation pushing the hardest for digital money is also one of the world’s most oppressive – China.  China has begun trials of a new digital Yuan, with the aim of becoming the first country in the world to offer a digital sovereign currency.” 

The WSJ wrote: “The Federal Reserve is in no hurry to issue a digital currency, Chairman Jerome Powell said, citing unresolved concerns including the potential for theft and fraud.  Central banks around the world are stepping up research on the costs and benefits of central-bank digital currencies, which could supplement existing national currencies. China is ahead of other nations, after rolling out a homegrown digital currency in April across four cities in a pilot program.  “We do think it’s more important to get it right than to be the first,” Mr. Powell said at a panel organized by the International Monetary Fund. “Getting it right means that we not only look at the potential benefits of the CBDC, but also the potential risks and also recognize the important trade-offs that have to be thought through carefully.”

A Road Map of Persecution Why China’s Cashless Experiment Signals a Global End to Privacy (10.30.20) https://www1.cbn.com/cbnnews/world/2020/october/a-road-map-of-persecution-why-chinas-cashless-experiment-signals-a-global-end-to-privacy

Fed Takes Cautious Approach to Possibly Issuing Digital Currency (10.19.20) WSJ

https://www.wsj.com/articles/fedtakes-cautious-approach-to-possibly-issuing-digital-currency-11603132490

Fed Hires BlackRock to Help Calm Markets Its ETF Business Wins Big (9.19.20) WSJ

https://www.wsj.com/articles/fed-hires-blackrock-to-help-calm-markets-its-etf-business-wins-big-11600450267

Coronavirus

Coronavirus testing, and consequently, case numbers have reportedly increased, but there is no increase in the death rate, making the rise in cases fairly irrelevant. The only just cause for restrictions is if local hospitals were actually in tangible imminent danger of being overwhelmed with life-threatening cases, which has rarely been the case anywhere aside from a few large cities throughout this whole ordeal.  In February, the CDC estimated that the 2018-2019 season’s had 34,200 flu-related deaths.  Overall, the CDC estimates that 12,000 to 61,000 deaths annually since 2010, can be blamed on the flu.  The Blaze reported on August 30, 2020, “Based on the CDC’s data, 94% of people who have died with coronavirus, had one or more other underlying health issues. The CDC’s Aug. 28 update stated that there were 167,558 COVID-19 total deaths, which means 10,053 died solely of coronavirus alone with no other health conditions.” That means the deaths solely related to Covid in the U.S. in 2020 is over 63% less compared to the average deaths since 2010 caused by the Flu.

According to a WSJ report: “Europe’s second wave of the coronavirus pandemic is accelerating, forcing countries to impose ever-more social-distancing rules in a bid to avoid a return to full-blown lockdowns. France announced a daily record for coronavirus infections, with confirmed infections reaching over 52,000 on Sunday, compared with nearly 84,000 confirmed cases in the U.S. on Saturday, whose population is around five times bigger.” 

The Blaze wrote: “The German government has announced that the country will head back into a second lockdown in response to a recent spike in the coronavirus cases. The second lockdown is set to begin on Monday and will last for at least four weeks.  Germany initially had some of the strictest lockdown measures in Europe, but recently gradually eased those restrictions. Schools, bars, and restaurants had been allowed to reopen in phases in recent weeks.”  

The accuracy of Coronavirus statistics as well as testing and results continues to be brought into question, recently most notably when Elon Musk underwent four of the same tests in one day, two of which came back positive, and two of which came back negative.  Cities, states and nations who are re-imposing restrictions are experiencing significant detrimental economic downturns and business closures, with no beneficial difference in the reduction of Covid cases.

Pandemic Fatigue Is Real—And It’s Spreading (10.26.20) WSJ 

https://www.wsj.com/articles/pandemic-fatigue-is-realand-its-spreading-11603704601?mod=hp_lead_pos5

European Countries Impose New Covid-19 Restrictions (10.24.20) WSJ

https://www.wsj.com/articles/european-countries-announce-new-covid-19-restrictions-record-infections-11603638712

Germany Heads Back Into Second Lockdown In Response to Spike in Covid-19 Cases (10.28.20) The Blaze https://www.theblaze.com/news/germany-second-lockdown-covid-spike?utm_source=theblaze-breaking&utm_medium=email&utm_campaign=20201028TRending-BLMChant&utm_term=ACTIVE%20LIST%20-%20TheBlaze%20Breaking%20News

New Zealand to Put Covid-19 Patients Into Mandatory Quarantine Camps (8.16.20)https://www.blacklistednews.com/article/77746/new-zealand-to-put-covid19-patients-into-mandatory-quarantine.html

The $16 Trillion Virus Economists Estimate Financial Toll of COVID-19 on US (10.13.20) https://www.theepochtimes.com/the-16-trillion-virus-economists-estimate-financial-toll-of-covid-19-on-us_3537252.html

The Pandemic, Science, and the Presidential Election (11.2.20) Epoch Times https://www.theepochtimes.com/the-pandemic-science-and-the-presidential-election_3561025.html?utm_source=morningbrief&utm_medium=email&utm_campaign=mb-2020-11-03

6% of the 167,000 Actually Died of Solely Covid -19 (8.30.20) The Blaze

This Is How Many People Die From the Flu Each Year, According to the CDC (2.11.20)

https://www.health.com/condition/cold-flu-sinus/how-many-people-die-of-the-flu-every-year

Debt & Recession

The US debt has decreased dramatically in 2020 with the government.  The Washington Times reported, “Federal debt is nearing “unsustainable” levels, but low interest rates have created a window of opportunity for policymakers to rein it in, the Congressional Budget Office said Monday, delivering a mixed forecast for the government’s long-term outlook.”  The WSJ wrote, Australia’s first recession in 29 years was confirmed on Wednesday when data showed the economy contracted by a record 7% in the three months through June, compounding a 0.3% drop in gross domestic product in the first quarter. It marked the end of the longest-running growth streak in the developed world.  The increase of national debt worldwide will likely continue to increase until the governments of the world stop shutting down their economies, after which they will have to deal with the debt they created.

Congressional Budget Office Federal debt nears unsustainable levels (9.23.20) https://www.washingtontimes.com/news/2020/sep/21/congressional-budget-office-federal-debt-nears-uns/

Australia Falls Into Recession for the First Time in Nearly Three Decades (9.2.20) WSJ https://www.wsj.com/articles/australia-falls-into-recession-for-the-first-time-in-nearly-three-decades-11599036508?mod=hp_featst_pos3

Gold & Silver

                       Jan 2019   Jan 2020   CV (as of Nov13, 2020)

Gold Price       $1,281      $1,519       $1,886

Silver Price     $15.51      $17.83 $24.78

Simon Black wrote in his newsletter, “The banking giant JP Morgan was fined nearly $1 billion for illegally manipulating precious metals prices.  It turns out that, for at least six years, several traders at JP Morgan were engaging in ‘spoof trades’ of precious metals. Essentially that means they were booking fake trades for the sole purpose of manipulating gold and silver prices to their advantage.   A lot of investors knew this was happening.  In 2016, the CEO of a major silver miner told me about it… that traders had been illegally holding silver prices down. He had a mountain of evidence to back up his claims, and he specifically mentioned JP Morgan as one of the culprits.  But he couldn’t get anyone to take him seriously.  I found this absurd. Is it really so hard to believe that a major financial institution would engage in illegal activity to make a profit? Many investors have thought the precious metals markets were being manipulated especially sliver which has now increased by 37% in 2020.

Finally Proof that Precious Metals Prices Have Been Manipulated… (10.1.20) SMC https://www.sovereignman.com/trends/finally-proof-that-precious-metals-prices-have-been-manipulated-28946/?utm_medium=email&utm_source=sm_notes&utm_campaign=notes&utm_content=20201001_metals

World Markets & Political Unrest

Covid, elections, international economic, political and military disputes are continuing to affect global economies.  Countries are sanctioning one another and China is threatening US citizens and personnel within China.  The US sanctioning of China will likely continue through the rest of 2020.  In Europe, the UK seems to be holding its own after Brexit, but the EU economies are not performing well. 

The US economy has rebounded and is doing well, especially considering being largely shut-down for 3 months.  The greatest problem in the world today is China.  The Epoch Times wrote, “The Chinese Communist Party (CCP) is deploying political warfare to covertly influence free societies around the world, a top state department official has warned.  The regime “wants control, or at least veto power, over public discourse and political decisions the world over,” David Stilwell, assistant secretary of state for East Asian and Pacific affairs, said at a virtual discussion hosted by Stanford’s Hoover Institution on Oct. 30.  It does this through a wide array of malign activities that are “covert, coercive, and corrupting,” he said. These activities are dubbed by the CCP as “United Front work” but better understood in the West as political warfare, Stilwell added.”

Australia has been experiencing its first recession in a decade.  Australia is also on the front line of dealing with China due to its geographic proximity to them and the enormous amount of trade between the two countries.  Australian journalists, as well as those from other nations, are exiting China in light of Chinese threats and retribution against countries who are restricting trade and rejecting the use of China’s big tech company, Huawei.

Epoch Times reported that “The British defense committee reported on Oct. 8 that there’s “clear evidence of collusion between Huawei and the Chinese state” and urged the government to urgently remove Huawei’s equipment from the country’s telecommunications infrastructure by 2025.  In July, Prime Minister Boris Johnson ordered that Huawei be purged from Britain’s 5G networks by 2027 amid fears of spying and sabotage, and following tough U.S. sanctions against the company affecting its supply of up-to-date chips.  The defense committee report, however, states that the purging should be done years earlier even if it involves recompense for current operators.  “The Government should take necessary steps to minimize the delay and economic damage and consider providing compensation to operators if the 2027 deadline is moved forward,” it states.” 

The four Indo-Pacific nations US, Australia, Japan & India, known as the Quad gathered the first week in October to discuss rising political ambitions and economic influence. Despite international criticism, the Chinese Communist Party continues to act recklessly and feels justified about implementing repressive policies in Xinjiang.  The UN was asked by France to investigate China’s repression and internment of Uyghurs and other religious groups.

Beijing Using Political Warfare to Subvert Free Societies Worldwide, State Department (11.1.20) https://www.theepochtimes.com/beijing-using-political-warfare-to-subvert-free-societies-worldwide-state-department-official-warns_3559936.html?utm_source=morningbrief&utm_medium=email&utm_campaign=mb-2020-11-01

China to Sanction U.S. Weapons Makers Over Taiwan Sales (10.26.20) WSJ

https://www.wsj.com/articles/china-to-sanction-u-s-weapons-makers-over-taiwan-sales-11603708713?mod=hp_lead_pos6

US Treasury Sanctions Russian Government Group Linked to Destructive Malware (10.24.20)  https://www.theepochtimes.com/us-treasury-sanctions-russian-government-group-linked-to-destructive-triton-malware_3550809.html?utm_source=morningbrief&utm_medium=email&utm_campaign=mb-2020-10-24

Trump Wants to Make America a Manufacturing Superpower Without Reliance on China (10.14.20) Epoch Times https://www.theepochtimes.com/trump-wants-to-make-america-a-manufacturing-superpower-without-reliance-on-china_3539382.html?utm_source=news&utm_medium=email&utm_campaign=breaking-2020-10-14-3

China Warns It May Detain Americans (10.17.20) WSJ

https://www.wsj.com/articles/china-warns-u-s-it-may-detain-americans-in-response-to-prosecutions-of-chinese-scholars-11602960959

China Warns It May Detain Americans (10.17.20) WSJ

https://www.wsj.com/articles/china-warns-u-s-it-may-detain-americans-in-response-to-prosecutions-of-chinese-scholars-11602960959

China Insider Australian Correspondents Escape China, Fear They Will Be Disappeared (10.13.20) https://www.theepochtimes.com/australian-correspondents-escape-china-fear-of-being-disappeared_3506613.html

US, Russia Sign Agreement to Cut America’s Reliance on Russian Uranium (10.8.20) https://www.theepochtimes.com/us-russia-sign-agreement-to-cut-americas-reliance-on-russian-uranium_3529602.html

Clear Evidence of Collusion Between Huawei, CCP, Says UK Report (10.6.20) Epoch Times https://www.theepochtimes.com/clear-evidence-of-collusion-between-huawei-and-the-chinese-state-british-defense-report_3531160.html?utm_source=morningbrief&utm_medium=email&utm_campaign=mb-2020-10-09

US, Australia, India, Japan to Discuss China’s Growing Power (10.5.20)

https://www.theepochtimes.com/us-australia-india-japan-to-discuss-chinas-growing-power_3526560.html

China’s Hybrid War Beijing’s mass Surveillance of Australia and the World for Secrets and Scandal (9.13.20) https://www.abc.net.au/news/2020-09-14/chinese-data-leak-linked-to-military-names-australians/12656668

Chinese Regime Continues to Repress Uyghurs in Xinjiang Despite International Pressure (10.8.20) https://www.theepochtimes.com/chinese-regime-continues-to-repress-uyghurs-in-xinjiang-despite-international-pressure_3527015.html

US, Australia, India, Japan to Discuss China’s Growing Power (10.5.20)https://www.theepochtimes.com/us-australia-india-japan-to-discuss-chinas-growing-power_3526560.html