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bernorange

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  1. https://www.nytimes.com/2020/02/13/business/economy/judy-shelton-fed.html
  2. So China's dear leader (Xi Jinping) tells his underlings that the lockdown plan for containing the virus is too aggressive and hurting their economy. Essentially, Randolph Duke telling the stock exchange to turn those machines back on. China lets people go back to work only to quarantine the people at the job site instead of in their homes - so they can continue working and being productive. That's some hard core shit. ~~~ One thing this event has demonstrated is that China's surveillance state is so dominant/scary that in a nation where around 75 million people are in lockdown, there is almost zero social media activity that defies official decree. I saw a news report that China has developed an app which informs their citizens of their risk of exposure to the virus. It basically pulls from their surveillance database(s) on the movement/travel history of known infected to warn people that have been in proximity. https://www.bbc.com/news/technology-51439401
  3. Relax folks. Problem solved. https://www.wsj.com/articles/the-cow-dung-cure-for-coronavirus-11581378967
  4. Gonna die before you get old.
  5. https://www.surlyhorns.com/board/index.php?/topic/7236-our-monetary-system-is-insane/&do=findComment&comment=2039166
  6. https://www.telegraph.co.uk/business/2020/02/09/global-task-force-sounds-alarm-dangerous-dollar-crunch/ h/t (no paywall): http://gata.org/node/19826 Imagine how big the current stock market bubble will get if the Fed really opens the spigot.
  7. I think something got lost in translation here.
  8. I guess I need more cowbell.
  9. Yeah, I don't know how she arrived at that. Accoding to Wikipedia, the 2015 census showed 58.5 million people in Hubei province which is essentially all locked down now. The twitter I referenced earlier adds another 14 million to that. Still, assuming a number close to 75 million, it's still a bit outrageous if the official numbers about deaths is to be believed.
  10. You forgot "eliminate". https://www.bloomberg.com/news/articles/2020-02-07/two-citizen-journalists-covering-virus-go-missing-in-china
  11. Easy, easy money for nothin' Trump has already made many comments about wanting negative interest rates. I suspect he's quite happy with the Fed's expansion of the balance sheets which is goosing the stock markets currently (it's "bubblicious").
  12. Outlander - human space alien crashes space ship in Norway in 709AD. Beastly space alien hitchhiker also survives the crash. Human space alien works with local Viking village to kill beast space alien. Low budget sci fi, but decent enough acting and production values. I was entertained.
  13. 400 million people - more than the entire population of the USA - locked down over a flu virus that supposedly has only killed around 600 people. Yeah, that makes sense.
  14. When Trump was elected, there were some people who thought he was serious when he said he was going to "drain the swamp". Some thought he was serious about considering a gold standard based upon some comments he made years ago. My opinion? It's all bullshit. Trump just wants loyalists who will do as he asks. The current Fed chair, Jerome Powell, was Trump's first appointee to the Fed board. Powell was banker/swamp approved and he hasn't toed the line for Trump at all times. I think that pissed Trump off and he's not going to make the same mistake again. Hence, prior to nominating Judy Shelton, Trump considered/nominated several other candidates including: * Marvin Goodfriend - academic from Carnegie Mellon who was the "genius" that delivered a speech to a Federal Reserve conference in 2016 called The Case for Unencumbering Interest Rate Policy at the Zero Bound. It was a blueprint for charging people to exchange money at the bank as a mechanism for penalizing people who use cash so central banks can impose negative interest rates. It is an odious. idea. Senators eventually let it be known that he didn't have enough thumbs up, so he withdrew from the nomination (and passed away last December). * Steven Moore - Trump campaign advisor, member of the Heritage Club. I don't know a lot about him, but these guys seem to (from a Reuters report in March, 2019): * Herman Cain - 999. Pizzas. Yeah, that guy. Cain and Moore both ended up withdrawing after the Senate expressed, and I'm using some creative license here, "hell no". The last two nominees before Shelton were political yes men with no foundation in monetary policy. Shelton is grounded in monetary theories. She isn't a lightweight, "yes man" political nomination. She also isn't a conventional choice from the banking cabal. Her history of published works indicate she leans more towards the Austrian school of thought on monetary policy, but most recent statements/news indicates she is pliable to Trump's wishes. Is it a ploy to garner favor from the President to get the appointment or indicative of a real shift in her thoughts on monetary policy? I don't know. I'm hopeful that if she is approved by the Senate, she can bring an important viewpoint to their (The Fed's) table.
  15. Pretty amazing video of Wuhan taken by drones: https://www.nytimes.com/video/world/asia/100000006960506/wuhan-coronavirus-drone.html?src=vidm
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