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Pandemic And Economic Collapse: The Next 60 Days

Scorpio

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#1
Pandemic And Economic Collapse: The Next 60 Days
Brandon Smith




The news cycle moves so quickly these days writing analysis on current events becomes difficult; the moment you publish an examination of the situation people have already moved on to the next disaster. So, today I'm not going to do that. Instead, let's look at current trends and project what is likely to happen in the next couple of months. In my article 'How The Pandemic Crisis Will Probably Develop Over The Next Year' published in early March, I outlined what I believed would be the major developments on a longer timetable. Some of these predictions have already occurred.


Now I would like to tackle a shorter timetable and focus more specifically on the economic side of things, along with the effects of government lockdowns and how they will continue. Yes, that's right, if you think the “reopening” of the economy is going to be widespread, or that it will last, don't get your hopes up. I am using a 60 day model because I have observed that the average non-aware person appears to be about two months behind those of us in the liberty movement in terms of seeing the dangers ahead.


First and foremost, the lockdown issue is on almost everyone's mind, and as I've been saying for the past month, it would not take long before people start freaking out about their financial prospects once they realize this thing may not be over “in two weeks” as we keep hearing every two weeks from the mainstream media, state governments and Donald Trump. The “two weeks until reopen” mantra is designed to keep the public placated and docile, and the establishment will continue to use it until people are finally fed up, which is already beginning to happen.


Lockdown protests are sparking up across the country and it's only going to get worse from now on. Understand though that establishment elites probably expected this, especially in the US, and they are planning to use civil unrest to their advantage.


Do not be surprised if some areas of the country do indeed “reopen” next month, but expect these locations to be primarily rural. Do NOT count on first and second tier cities to reopen, at least nowhere near the activity that they had previous to the viral outbreak. In fact, while rural towns try to go back to normalcy, many major cities will probably double down and increase restrictions rather than loosen them.


Why do I think this will happen? I've noticed an odd narrative being pushed in the mainstream media lately that has me concerned. The MSM is aggressively promoting the notion that rural states and counties are about to be crushed by the coronavirus, and looser restrictions in these places are “a danger to everyone”.


Now, if you read between the lines in this propaganda, what I see is not the media reporting on what is happening now, but what they expect to happen soon. In my area of Montana there is no community spread of the virus, and this is common to many parts of rural America. However, what if rural towns reopen while large metropolitan areas remain closed for business? Unless travel restrictions are instituted, expect a FLOOD of city dwellers to pour into rural areas looking for a taste of freedom and some open bars and restaurants.


If your small town is within 1-2 hours drive of a large city, get ready for a parade of yuppies on mainstreet looking for a vacation from lockdown.


This in itself is not a big deal. If people want to drive from the city to spend money in small town America then that's a benefit to struggling rural communities (and a bizarre 180 degree shift from the norm). But here is what I think will happen next:


After about two weeks of reopening, small towns across the US will have a massive spike in infection numbers and community spread. Viral clusters will develop and some people will die. Does this mean our economy should be frozen to the point of collapse or that medical martial law is the answer? No, absolutely not. But the media is already gearing up for the big “we told you so”, and as rural infections skyrocket state governments and the federal government will start calling for renewed lockdowns even more harsh than before. The rest of the world will say "that's what those Americans (conservative Americans) get for being selfish and trying to reopen too soon".


The economy cannot be opened one piece at a time, it has to be opened all at once. Otherwise, you are going to get a huge influx of people to reopened regions and an inordinate amount of infection cases will follow in those areas, exaggerating the spread of the virus. Of course, a full reopening of the nation is not going to happen.


Get ready for a great big fake wrestling match between state governments and Trump in terms of how to handle ending lockdowns. Take note though that Trump flip-flops so much on state power vs. executive power that no one actually knows where he really stands on the issue; this is by design.


We hear a lot of complaints about the World Health Organization and China hiding or suppressing information on the coronavirus and the extent of the danger to the public. Yet Trump was downplaying the pandemic in the EXACT same way in January, claiming that Chinese data was trustworthy and that the virus was under control. This past week Trump seems to be taking the WHO and China to task, but is any of this real?


Trump's persona is meant to be ambiguous and chameleon-like, so that he can be presented as all things to all people. For the political left he's a boogeyman, a bumbling conservative villain and statist that is destroying the country; he acts as a catalyst to drive them even more insane than they already are. For some on the political right, Trump is a savior, or a martyr. They place him on a pedestal so high that he can do no wrong and some even believe he is actually fighting a “secret war” with the elites using subversive tactics despite the fact that half of his cabinet is made up of banking and Council on Foreign Relations alumni.


This absurdity has divided the liberty movement into different camps – Those who realize Trump is a fraud, and those who treat him like a 4D chess playing god.


I fully expect Trump to flip-flop again in the next two months. For now, he is acting like a champion of the people defending lockdown protesters and pushing for a quick reopen. After the next wave of infections and deaths occur, do not be caught off guard if he suddenly calls for stringent lockdown procedures.


Economically, new lockdowns after a short reopen will devastate small businesses that are clamoring for oxygen already. The much vaunted small business stimulus package was a dud, and it burned up in less than a week. Another stimulus is on the table, but it is being contested. If another bailout is passed it will vanish yet again with most small businesses still not receiving a dime. Bottom line: Too-big-to-fail corporations are going to get their money, and small businesses will get little or none after the next 60 days. This means that 50% of the jobs in the country are now on the chopping block, and most of them will not return because these businesses were already on the ropes with razor thin margins and extensive debt obligations.


The economy is dead on arrival, the pin to the grenade has already been pulled, the majority of Americans simply don't realize it yet.


In terms of individual government aid, some laid off employees are sitting pretty, though, at least for a little while. The stimulus measures are beginning to reach the newly jobless on top of their normal unemployment benefits, so even if businesses reopen, they may have a hard time finding people to work for them. You can make more money from government checks right now than you can working full time at almost any service based business while also avoiding “the Rona”. But what these people don't realize is that this windfall is going to dissipate quickly.


Other recently unemployed people are still waiting for their checks, showing the government response to be uneven.


Stimulus is drying up fast and everyone and their mother has a hand out to get theirs, with corporations being the biggest drain. The fact that the small business stimulus disappeared in under a week should tell you what is about to happen with individual stimulus measures. But beyond this problem is the unspoken issue of supply chain disruptions and inflation.


What good is your government check if 90% of the stores are shut down, 50% of the items you want to buy are considered “non-essential”and restricted, and the items you are allowed to buy are skyrocketing in price? The common American is being set up for a shock they are not prepared for when they realize that government checks (Universal Basic Income) are barely going to keep them alive, let alone grant them months of paid leisure. I think the awareness of this will hit the general public in around 60 days.


To reiterate, the supply chain breakdown will go mainstream in a couple months. The stores are sparse right now; they are stretching inventory to fill gaps in shelves and limiting purchases on a long list of items to one per customer, but they aren't in crisis mode yet. With the biggest producers of meat products shutting down as well as farms having trouble hiring workers to process produce and other goods, there is no doubt food shortages are going to become a problem that the mainstream will no longer be able to ignore.


The lockdowns caused an initial drop in some prices due to closed restaurants and oversupply, but this is soon to end as supply is about to be destroyed because of lack of production. Economic collapse rarely if ever leads to advantages for consumers; this is a fallacy from the depression era which for some reason is still perpetuated by uneducated economists today.


The name for this type of event is a “stagflationary crisis” and it is something I have been warning about for years. It means price inflation in necessities while deflation occurs in wages, many assets and some commodities. The oil market is an indicator of these mechanics in action. As oil plunges, the public gets cheap gasoline, but the price collapse also represents a collapse in global energy demand, and thus a collapse in production. A collapse in production leads to less supply, and thus higher prices, and the cycle continues until everything breaks and the populace is reduced to one of two choices – poverty or self sufficiency.


The extent of the crisis will become much more clear in the next two months to the majority. The result will be civil unrest in the summer, likely followed by extreme poverty levels in the winter. No measure of “reopening” is going to do much to stop the avalanche that has already been started. The solution is always the same: localized trade and production and removing yourself and your community from dependency on the establishment controlled economy. It's certainly difficult, but it is possible. What is not possible is fixing the broken and corrupt economy we have now or stopping the current collapse. This is a fool's errand for people living in unicorn land.








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With global tensions spiking, thousands of Americans are moving their IRA or 401(k) into an IRA backed by physical gold. Now, thanks to a little-known IRS Tax Law, you can too. Learn how with a free info kit on gold from Birch Gold Group. It reveals how physical precious metals can protect your savings, and how to open a Gold IRA. Click here to get your free Info Kit on Gold.





You can contact Brandon Smith at:


brandon@alt-market.com






Brandon is the founder and chief strategist behind the Alternative Market Project. His goal is to create a barter networking hub and educational gathering place for every American across the country who wishes to decouple from our current collapsing financial system and build something better. Getting people out of their homes and meeting face to face to organize meaningful relationships, and eventually, entire free market communities designed to shield cities and states from economic and political danger; this is the mission of the Alternative Market Project.​




http://www.silverbearcafe.com/private/04.20/sixtydays.html
 

keef

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#2
easy scoop. all the helicopter money will keep us going for a few more months
 

D-FENZ

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#3
Within a week of the lockdown, my wife who is a healthcare provider at a large hospital got a $300 bonus for her 'sacrifices', even though they put all of the patient care people on rolling paid furloughs- week on followed by a week off. In normal times they had been working overtime. But now, even with the furloughs they have had little to do.

Fast forward 2 months- Hospital is scrambling over a $100 million hole in the budget. Now they are considering the following changes:
Unpaid rolling furloughs.
An across the board 10% wage reduction.
No matching contributions to employee retirement accounts.
Changes would be expected to last for 3 months.

Nothing official yet but it is being seriously considered up in admin.
 

wallew

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#4
this guy is obviously a NEW YORKER or a KALI

Texas is one of the states that IS opening up. NOT DALLAS, NOT HOUSTON (both run by dems) but the rest of the state, pretty much.
 

hammerhead

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#5
Within a week of the lockdown, my wife who is a healthcare provider at a large hospital got a $300 bonus for her 'sacrifices', even though they put all of the patient care people on rolling paid furloughs- week on followed by a week off. In normal times they had been working overtime. But now, even with the furloughs they have had little to do.

Fast forward 2 months- Hospital is scrambling over a $100 million hole in the budget. Now they are considering the following changes:
Unpaid rolling furloughs.
An across the board 10% wage reduction.
No matching contributions to employee retirement accounts.
Changes would be expected to last for 3 months.

Nothing official yet but it is being seriously considered up in admin.
I do hope the CEOs don't take a hit.
 

edsl48

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#6
Intermission or Brand New Show?
Author:Tad Rivelle
Published:May 2020
PDFEmail
The optimists see our current time as one of intermission — a pause, followed by a renewal of the show from wherever exactly it left off. Is this realistic? Tens of millions have been laid off or furloughed — will the businesses and industries they worked for be there when the intermission is over?
In just a few short months, the tally of business casualties is stunning:
YTD Corporate Defaults and Restructurings

Source: JP Morgan, Bank of America, Bloomberg, TCW
In fairness, some of these enterprises were only one recession away from business failure. Even so, the sheer number of enterprises that have failed to survive even the first few months of “intermission” raises serious doubts as to whether a straight path back to where we were is remotely feasible.
Yet, meanwhile, the “true” condition of the “intermission” economy is utterly obscured. The macro data tells us where we are without giving us a clue as to where we are going. Meanwhile, the majority of corporate managements have come face-to-face with the opacity of our times and have more or less systemically pulled their forward earnings guidance. The vast helicopter drops of new money represent—again—an attempt by the Fed to replace lost incomes and savings with new credit. Whether the new money is the bridge to the next economy, or whether it is mostly just delaying the adjustment with a price that has yet to be tallied is unknowable.
For, what the Fed and the fiscal authorities have undertaken is without precedent:
Fed Balance Sheet

Source: Federal Reserve
U.S. Budget Deficit


Source: Bloomberg, TCW
New money created by the trillions has been dropped on an economy whose productive potential has plummeted at rate that is not just beyond what anyone would have supposed—it is beyond what anyone could have supposed:
The Pandemic Sweeps Through U.S. Labor Market

Source: TCW
Meanwhile, the Fed is maintaining a stiff upper lip. Not only will the recovery come, they reassure us, but in the event that it does not, the Fed will simply dig deeper into its bag of tricks. Its toolkit is, after all, “unlimited.” Or is it? Can the Fed print money without limit? Could we drop Federal tax rates to zero and send the economy into orbit? Has the Fed somehow been convinced that Modern Monetary Theory (MMT) is really the answer to the question of how do we get ourselves out of our pandemic hole?
MMT holds that Fed IOUs (dollars) are really no different than Treasury IOUs (T-bills and T-notes). In fact, since a dollar never “matures”, it is also a kind of perpetuity: indeed in that respect it is even “better” than asking the Treasury to issue 100-year bonds! And, not only does it never mature, the dollar IOU carries no interest charge. In short, as the Fed expands its balance sheet, it is issuing non-interest paying perpetuities to its counterparties. In ordinary times, one might reasonably suppose that the bid for such perpetual zeroes to be limited by the desire of said counterparties to use those dollars either in trade or to repay dollar liabilities. The notion that the global private sector has an unlimited appetite for dollars does not stand scrutiny. Yet, the fact that the Fed has managed to issue trillions of these perpetual zeroes at a time of decline in trade and economic activity, would appear to be prima facie evidence that dollars are eagerly sought after, presumptively in large measure as a safe haven store of wealth.
While the point may be a bit speculative, the Fed has “discovered” that MMT “works” when your counterparties would rather store their incremental wealth in dollar denominated perpetual zeroes rather than in say commercial real estate or in EM currencies. The relentless rise in gold (and bitcoin) since its mid-March low might also suggest that storing wealth in even a modestly “negative yielding” perpetuity has also looked increasingly attractive to many. In short, when the collective outlook fears generalized asset price deflation, a “zero” may look like a pretty good place to hold your wealth, at least for “now.” But what about “later?”
Daily Price of Gold and Bitcoin Since March 1

Source: TCW
While we do not question the near-term efficacy of the helicopter drops in stabilizing the economy and feeding the concomitant ravenous demand for dollars, we do not believe that new money alone can restore the pre-COVID economy. We cannot imagine how the show will just pick up from where it left off. The shutdowns and accompanying shifts in consumption preferences will radically alter — for some time — the nature of certain key industries: restaurants, retail, energy, travel, lodging, hospitals, aircraft manufacturing, health clubs, and much of commercial real-estate, to name some of the more obvious. Indeed, how can a service economy go back to “normal” when the nature and quantity of so many of the services offered for sale have likely undergone intermediate if not permanent transformation? While the economy will of course recover, the more the post-COVID economy differs from that of the pre-COVID, the longer we should expect that recovery to take.
Further, while the Fed’s initial experience with MMT has been favorable — or at least consistent with its hopes — future helicopter drops are dependent on the willingness of the global private sector to further accept the new dollars the Fed wishes to offer. That the Fed can electronically print zillions of new dollars goes without saying. But all transactions are a dance. The power to add new money to the system is restricted by the willingness of human actors to further shift their portfolio wealth into dollars. That appetite is surely not unlimited and will likely prove dynamic: if “others” become more reluctant to take dollars, so may “you.”
The Fed has complete governance over the supply side of the dollar market — but not so the demand side. Adding dollars beyond the point at which the marginal human actor is willing to accept them would force the dollar lower in value, further altering its perception as a safe store of value. So, yes, the obvious constraint for printing still more nominal dollars so as to replace losses in real income is exactly what you’d think it would be: the risk of currency depreciation. Almost by definition, when I no longer see the dollar as a safe store of value, I will be reluctant to accept dollars either now or in the future on the same terms as when I saw it as a safe preserve of value. This mere shift in perception might be enough to spark an inflation. At the very least, prudent investors perhaps need to anticipate a heightened risk of inflationary outcomes, a notion that we grant today seems so remote from today’s deflationary realities.
But, keep throwing dollars at the demand side of the economy while production remains impaired by supply bottlenecks, protectionism, a general dysfunction in trade and travel, and sooner or later, we may all see that while the Fed built us a bridge over this Depressionary trough, the landscape on the “other side” might look a good deal less than January 2020 and a lot more like the stagflationary 1970s. While the benefits of MMT-like policies are as apparent as they are real-time, the costs will not be known for some time. Either way, we believe a more realistic timeline for recovery ought to be measured in years rather than months, affording patient investors with many opportunities to allocate capital in support of building a newer and hopefully better normal.

https://www.tcw.com/en/Insights/2020-05-19-Trading-Secrets
 

the_shootist

Trump 2020
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#7
Intermission or Brand New Show?
Author:Tad Rivelle
Published:May 2020
PDFEmail
The optimists see our current time as one of intermission — a pause, followed by a renewal of the show from wherever exactly it left off. Is this realistic? Tens of millions have been laid off or furloughed — will the businesses and industries they worked for be there when the intermission is over?
In just a few short months, the tally of business casualties is stunning:
YTD Corporate Defaults and Restructurings

Source: JP Morgan, Bank of America, Bloomberg, TCW
In fairness, some of these enterprises were only one recession away from business failure. Even so, the sheer number of enterprises that have failed to survive even the first few months of “intermission” raises serious doubts as to whether a straight path back to where we were is remotely feasible.
Yet, meanwhile, the “true” condition of the “intermission” economy is utterly obscured. The macro data tells us where we are without giving us a clue as to where we are going. Meanwhile, the majority of corporate managements have come face-to-face with the opacity of our times and have more or less systemically pulled their forward earnings guidance. The vast helicopter drops of new money represent—again—an attempt by the Fed to replace lost incomes and savings with new credit. Whether the new money is the bridge to the next economy, or whether it is mostly just delaying the adjustment with a price that has yet to be tallied is unknowable.
For, what the Fed and the fiscal authorities have undertaken is without precedent:
Fed Balance Sheet

Source: Federal Reserve
U.S. Budget Deficit


Source: Bloomberg, TCW
New money created by the trillions has been dropped on an economy whose productive potential has plummeted at rate that is not just beyond what anyone would have supposed—it is beyond what anyone could have supposed:
The Pandemic Sweeps Through U.S. Labor Market

Source: TCW
Meanwhile, the Fed is maintaining a stiff upper lip. Not only will the recovery come, they reassure us, but in the event that it does not, the Fed will simply dig deeper into its bag of tricks. Its toolkit is, after all, “unlimited.” Or is it? Can the Fed print money without limit? Could we drop Federal tax rates to zero and send the economy into orbit? Has the Fed somehow been convinced that Modern Monetary Theory (MMT) is really the answer to the question of how do we get ourselves out of our pandemic hole?
MMT holds that Fed IOUs (dollars) are really no different than Treasury IOUs (T-bills and T-notes). In fact, since a dollar never “matures”, it is also a kind of perpetuity: indeed in that respect it is even “better” than asking the Treasury to issue 100-year bonds! And, not only does it never mature, the dollar IOU carries no interest charge. In short, as the Fed expands its balance sheet, it is issuing non-interest paying perpetuities to its counterparties. In ordinary times, one might reasonably suppose that the bid for such perpetual zeroes to be limited by the desire of said counterparties to use those dollars either in trade or to repay dollar liabilities. The notion that the global private sector has an unlimited appetite for dollars does not stand scrutiny. Yet, the fact that the Fed has managed to issue trillions of these perpetual zeroes at a time of decline in trade and economic activity, would appear to be prima facie evidence that dollars are eagerly sought after, presumptively in large measure as a safe haven store of wealth.
While the point may be a bit speculative, the Fed has “discovered” that MMT “works” when your counterparties would rather store their incremental wealth in dollar denominated perpetual zeroes rather than in say commercial real estate or in EM currencies. The relentless rise in gold (and bitcoin) since its mid-March low might also suggest that storing wealth in even a modestly “negative yielding” perpetuity has also looked increasingly attractive to many. In short, when the collective outlook fears generalized asset price deflation, a “zero” may look like a pretty good place to hold your wealth, at least for “now.” But what about “later?”
Daily Price of Gold and Bitcoin Since March 1

Source: TCW
While we do not question the near-term efficacy of the helicopter drops in stabilizing the economy and feeding the concomitant ravenous demand for dollars, we do not believe that new money alone can restore the pre-COVID economy. We cannot imagine how the show will just pick up from where it left off. The shutdowns and accompanying shifts in consumption preferences will radically alter — for some time — the nature of certain key industries: restaurants, retail, energy, travel, lodging, hospitals, aircraft manufacturing, health clubs, and much of commercial real-estate, to name some of the more obvious. Indeed, how can a service economy go back to “normal” when the nature and quantity of so many of the services offered for sale have likely undergone intermediate if not permanent transformation? While the economy will of course recover, the more the post-COVID economy differs from that of the pre-COVID, the longer we should expect that recovery to take.
Further, while the Fed’s initial experience with MMT has been favorable — or at least consistent with its hopes — future helicopter drops are dependent on the willingness of the global private sector to further accept the new dollars the Fed wishes to offer. That the Fed can electronically print zillions of new dollars goes without saying. But all transactions are a dance. The power to add new money to the system is restricted by the willingness of human actors to further shift their portfolio wealth into dollars. That appetite is surely not unlimited and will likely prove dynamic: if “others” become more reluctant to take dollars, so may “you.”
The Fed has complete governance over the supply side of the dollar market — but not so the demand side. Adding dollars beyond the point at which the marginal human actor is willing to accept them would force the dollar lower in value, further altering its perception as a safe store of value. So, yes, the obvious constraint for printing still more nominal dollars so as to replace losses in real income is exactly what you’d think it would be: the risk of currency depreciation. Almost by definition, when I no longer see the dollar as a safe store of value, I will be reluctant to accept dollars either now or in the future on the same terms as when I saw it as a safe preserve of value. This mere shift in perception might be enough to spark an inflation. At the very least, prudent investors perhaps need to anticipate a heightened risk of inflationary outcomes, a notion that we grant today seems so remote from today’s deflationary realities.
But, keep throwing dollars at the demand side of the economy while production remains impaired by supply bottlenecks, protectionism, a general dysfunction in trade and travel, and sooner or later, we may all see that while the Fed built us a bridge over this Depressionary trough, the landscape on the “other side” might look a good deal less than January 2020 and a lot more like the stagflationary 1970s. While the benefits of MMT-like policies are as apparent as they are real-time, the costs will not be known for some time. Either way, we believe a more realistic timeline for recovery ought to be measured in years rather than months, affording patient investors with many opportunities to allocate capital in support of building a newer and hopefully better normal.

https://www.tcw.com/en/Insights/2020-05-19-Trading-Secrets
What I believe we're witnessing is the systematic destruction of the Federal Reserve. While the big brains here whine about all the Trump federal spending they either refuse to see, or simply are to blinded with hate to see the real effects of that spending. Who's 'money' is he actually spending? Who (or more appropriately what) is taking the burden of that debt on? (hint: it has nothing to do with the federal government). The big barains can';t get by their old ways of thinking. They don't understand that the guy in the Oval Office isn't a politician. He doesn't act like one, he doesn't speak like one. They point to him and trash him for not acting presidential, for spending 'money' like a drunken sailor, even though they don't understand why. They can't see the big picture, they can't move their minds forward. They refuse to see or hear past ORANGE MAN BAD!

So sad!
 

chris_is_here

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#8
What I believe we're witnessing is the systematic destruction of the Federal Reserve. While the big brains here whine about all the Trump federal spending they either refuse to see, or simply are to blinded with hate to see the real effects of that spending. Who's 'money' is he actually spending? Who (or more appropriately what) is taking the burden of that debt on? (hint: it has nothing to do with the federal government). The big barains can';t get by their old ways of thinking. They don't understand that the guy in the Oval Office isn't a politician. He doesn't act like one, he doesn't speak like one. They point to him and trash him for not acting presidential, for spending 'money' like a drunken sailor, even though they don't understand why. They can't see the big picture, they can't move their minds forward. They refuse to see or hear past ORANGE MAN BAD!

So sad!
Trump is a shrewd cookie. Putting Fauci front and center and making him take the responsibility for this fiasco was THE only way to play this, when surrounded by enemies. Any honest person put in that role would not have locked down the entire nation, and for that, they would have been attacked and devoured by the media. The Trump administration would be facing another impeachment attempt, this time for criminal negligence for failing to take the needed measures. Trump would have been blamed for every single death, even if the mortality outcome was no different than it is now (which I believe would have be the case, since this whole thing now appears to be FAKE, including the spurious video feeds that came out of Wuhan in January).

How many people even knew who Fauci was before this began? Now, a good part of the country knows this guy is as fake as a $3 bill and as corrupt to boot. He has become the poster boy for corrupt government mismanagement. And Trump can just stand back and say "hey, I followed the recommendations of your expert and look what happened".

These idiots have painted themselves into a corner with fake stat's. Every day they report more infections and deaths, but guess what? No one seems to be getting sick and sure as hell, no one is falling out on street corners. And, gee, what a coincidence, sickness and death from other causes seems to have plummeted to near zero. So, it would seem, based on their numbers, that social distancing and wearing masks, the mantra of the leftist retards, is having no effect, right? Either they admit the numbers are faked or that Generalissimo Fauci's 1700's-era strategies for combating illness don't work. Which is it, you can't have it both ways.

EDIT, The beauty of Trump's strategy is that he can hang back and toll the hell out of the MSM, while still appearing to embrace the MSM solutions. His LIBERATE tweets to the protestors in the Big Blue states were classics, MSM tried to damn him for this, but they can only go so far, so long as he appears to embracing their solutions. It's classic Trump Theater, designed to make Marxist heads spin, while sending the message to everyone else that he knows the score and supports them in the end.
 

keef

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#9
You do realize Trump is blindly walking us into the greatest economic collapse the world has ever known.

The tell was when Jered Kushner/Steve Mnuchen/Mike Pompeo became his three main power brokers.


MAGA when unemployment reaches 50%?

I already tried to warn some of you guys that you are all walking directly into an ambush and you're still sitting around here sniffing glue.