There are currently652,833confirmed cases of SARS-COV-2 (COVID-19) worldwide. There are currently 116,354 confirmed cases of SARS-COV-2 (COVID-19) in the United States.
Washington quietly prepares a bank rescue — just in case
Tucked inside Congress’ $2 trillion economic rescue package for America is sweeping authority for the government to come to the aid of the one industry that has insisted it doesn’t need a bailout: the big banks.
Lenders that the government saved in the 2008 financial crisis have been touting the strength of their balance sheets heading into the coronavirus pandemic. But Congress is backstopping them anyway with a provision in the bill that would give the Federal Deposit Insurance Corp. power to guarantee checking accounts beyond the $250,000 in deposit insurance that it now offers bank customers.
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Smaller banks have also argued that an account backstop would help them stay competitive with money market mutual funds, which are set to receive their own government guarantee during the pandemic. The funds offer an alternative place for businesses to park cash.
Especially if tomorrow it’s 700. Don’t believe me, or even Baghdad Bob, though.
Follow it yourself at the Johns-Hopkins COVID-19 tracking page. Ignore case numbers if you like; we’ve only been testing for a couple of weeks, really. And we expected those to blossom as soon as they started doing tests.
But AFAIK, we aren’t blending Kung Flu deaths with deaths from heart attacks or flu. So deaths are real. IOW, we lost more people in the last 2 days as we lost in the six weeks before that. Got your attention there, did we? Welcome to exponential growth. That means in the next week, it’s only going to keep going up every day. NYFC is losing someone every 24 minutes now. I’m sure actually it’s just fine there, though, and this is all just hype and hoax. I heard that on the Internet. Bummer if your relative was one of the 600 today though. That’s the breaks, I guess.
How long will this keep climbing? No one can say for sure. Possibly into mid-summer. Maybe longer. We’re at this point with only 115K confirmed cases. That only leaves 329,900,000 other Americans yet to infect. That’s a paltry 1.6% CFR.
There’s an annoying trend starting to crop up amid the coronavirus pandemic. It’s not quite as egregious as the Democrats’ and the media’s constant politicization of the virus. It may not be as ridiculous as AOC getting mad that the stimulus bill won’t give money to illegal immigrants. But it’s still irritating, intrusive, and potentially dangerous.
Last week, Californians began calling the police to report neighbors who were coughing. The New York Postreported that “multiple police departments in Southern California say they have been receiving more 911 calls from residents concerned that their coughing neighbor may have the coronavirus.”
Unfortunately, the snitching virus managed to spread 3,000 miles across the country to Kentucky, where the state’s government recently set up a hotline for the express purpose of allowing residents to rat out their coughing neighbors. On Monday, Democratic Governor Andy Beshear announced the creation of the hotline, which allows residents to report individuals and businesses who they believe to be violating the state’s social distancing orders.
I keep reading T.L. Davis’s latest post and want to emphasize the following portion:
It’s over. The elephant is dead. Capitalism is gone, the republic is gone. What we have now is an opportunity to feed off of the dead elephant, to stockpile as much as we can, to distance ourselves from each other and prepare for the ultimate battle for survival. The economic collapse is already in motion. It would have come along anyway, eventually, but this stimulus package stacked on top of the already soaring debt and unfunded liabilities will cripple the nation forever. It will implode. That is not to say that it will not chug along on four square wheels for some time, but the last support has been kicked out from under it, that of the belief in the rule of law and an understanding of global economics. Without those, nothing prevents the ceiling up from crashing down. It is what we recognize in Christianity as faith. Remove faith (as we have) and the only thing left are words, memes circulating the popular sites with no structural substance.
We may disagree on the pandemic and its eventual consequences. However, can we agree that the impact on the Republic is what Mr. Davis has outlined? Can we agree that this eventuality on irresponsible fiscal policy has only been expedited by this latest “crisis”? Can we agree that faith in God instead of “government” is the path that we must pursue?
I believe in the people. Maybe not today. Maybe not in the near future. But I believe we will come together and when that day comes, the hyenas will face justice.
There is no legal means by which to quarantine HEALTHY people, other than communist-level restrictions of liberty. If we were a better educated people, it would be sufficient to request that we do the intelligent things to avoid any spread of the disease, but since the public school system has been utilized to convert logical intelligent people into obedient slaves of governmental dictates, these quarantines are the only means by which to ensure compliance.
Proceeding on the principle that no government has ever returned power once obtained from the people through deception, threat or overreaction we might as well recognize that these levels of restrictions will find a home within government power from now on. Imagine how many “health issues” can be used to demand papers to allow travel. How soon will “health” dictate that all travel is inherently dangerous and can be mitigated with permanent travel restrictions. I mean, you don’t HAVE to drive to Toledo, so you should not be able to.
In order to maintain something of an economy with most of the nation locked away in their homes, there has been a 2 Trillion dollar payment to individuals, businesses and corporations to stabilize the economy and another 4 Trillion dollar loosening of the Federal Reserve to go along with it. What does that mean? It means that created out of air is twice the annual tax receipts for the United States. There is no way that is not a significant economic event. It is the invention of 1/3 of GDP. That it would not have a drastic and detrimental effect on the future of the nation is insanity only capable of being ignored by graduates of the public school system.
In one fell swoop of a minor pandemic the United States as a nation has abandoned both the republic and capitalism. Individual rights are destroyed, never again to be seen as rational arguments against the power of the state. Capitalism has lost out to the political and economic ideology of Soviet Russia allowing for such things as “travel permits” and sequestration of healthy individuals. It might be politically acceptable to brush all of this off for the time being as we sort out how big of a problem the pandemic is going to be, but it will never return to what it was and what few and precious rights once available to us will no longer be accessible through the courts.
It’s over. The elephant is dead. Capitalism is gone, the republic is gone. What we have now is an opportunity to feed off of the dead elephant, to stockpile as much as we can, to distance ourselves from each other and prepare for the ultimate battle for survival. The economic collapse is already in motion. It would have come along anyway, eventually, but this stimulus package stacked on top of the already soaring debt and unfunded liabilities will cripple the nation forever. It will implode. That is not to say that it will not chug along on four square wheels for some time, but the last support has been kicked out from under it, that of the belief in the rule of law and an understanding of global economics. Without those, nothing prevents the ceiling up from crashing down. It is what we recognize in Christianity as faith. Remove faith (as we have) and the only thing left are words, memes circulating the popular sites with no structural substance.
Everything we do from now on is in preparation for what comes next. We will fight against the powers of communism with everything we have. We will take everything we can get from the government to deprive it of the spoils to mete out to their communist supporters. It is a fight over the bones of the once powerful elephant. Our sustenance is it’s flesh.
It’s amazing that people are still being chided for taking steps to protect themselves from the coronavirus, when anyone with eyes can see that the spread of the disease is fast overwhelming authorities’ ability to deal with it.
Regular people are being told not only that they don’t need masks, but that “masks don’t work”. Hospital workers are dangerously short on PPE and critical equipment like respirators. Nurses who have brought in their own masks to wear have been threatened with getting fired for doing so.
Why are we fighting smart prudent steps when we all share the common goal of minimizing covid-19’s impact on society? Why are we suppressing one of the single simplest, cheapest and most effective tactics we have in the war against this pandemic? We should be encouraging EVERYONE to wear a mask, of nearly any type.
A citizen DIY movement, not unlike the WW2 victory gardens, could and should be promoted, making millions of mask in short order for us all to wear — not to protect ourselves, but to keep the sick from infecting others. Seriously, if we all wear masks, wash our hands frequently and don’t touch our faces, our odds of making through this epidemic skyrocket. It’s an easy goal that’s right in our grasp.
I am surprised that the people are not addressing a simple fact: the legislation promised over a week ago is still pending. But it will be passed today. Maybe.
I know that you know that the virus does not care about legislation. I know that you know that this legislation will further enslave our children. I know that you are going to take this helicopter money as you rationalize your tacit acceptance of an ever intrusive government.
Imagine is the churches had taught us Proverbs 6: 6-11
Go to the ant, you sluggard; consider its ways and be wise! It has no commander, no overseer or ruler, yet it stores its provisions in summer and gathers its food at harvest.
How long will you lie there, you sluggard? When will you get up from your sleep? A little sleep, a little slumber, a little folding of the hands to rest— and poverty will come on you like a thief and scarcity like an armed man.
Imagine if Dr. Redfield of the CDC had testified in front of Congress for everyone to wear a mask instead of stating not to wear a mask. The measures for social distancing and the means for practical containment would have worked if people were responsible. They would have worked if the government forced us to comply to reasonable containment measures. Now we are faced with the realization of exponential growth due to Spring Break in Florida, Mardi Gras in New Orleans and New York socialists.
So here we are. What can we do? Be vigilant because government is now bigger as they did not let the crisis go to waste. And they will rinse and repeat.
Picking up from yesterday’s video rebutting the latest media campaign of “It’s not going to be that bad” opinion pieces from ‘experts’, Chris investigates the cost of being wrong in these predictions.
This is important because government and health care response policies are being influenced by these experts. If we pick the wrong policies, millions of lives and trillions in wealth are at stake.
Chris walks through the two main competing theories on the pandemic’s projected impact and highlights the merits and shortcomings of each. In his opinion, the logic underlying one is much stronger than the other.
In many very real ways, our destiny is tied to the path we choose.
Maybe you’ve got the “Wuhan Coronavirus.” Maybe you’re just afraid of getting it. Either way, staying at home and self-quarantining doesn’t mean you can’t have a good time – or make money.
Something we believe about gun-owning Americans: They tend to have a lot more imagination than the average bear. I mean, why else are you prepping? Because you can visualize a future where it might be necessary to have enough food, water, weapons, and ammo (we’ve seen a huge increase in the sales of 40 cal, 223, 7.62x39mm and even 12 gauge shotgun shells since the outbreak) to sit things out for the long haul. So it probably won’t take a lot of convincing to get you to watch these apocalyptic movies that will remind you why you prep while you shelter in place.
We like these movies as much as the next guy. So we’d love to hear your take on the common thread that runs through all of them, which are better than others and why and how they impact your view of prepping in the 21st Century.
