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    Daily Digest 1/4 – Bitcoin tops $34,000 as record rally continues, The Year of Buyer’s Remorse

    by Daily Digest

    Monday, January 4, 2021, 9:43 AM

Economy

The Year of Buyer’s Remorse

While millions of Americans have lost their jobs during the pandemic, consumer spending on goods went up 7.2 percent from January to September, according to the Bureau of Economic Analysis. And some of that spending includes items people now regret. Some were meeting basic needs, from canned corn to houses. Others took advantage of big sales to buy clothes they won’t wear this year. And still others bought goods from gadgets to boats they thought would keep them entertained, but are now sitting unused.

He was sometimes called the “billionaire millennial,” and his ambitions were no less grand than his nickname.

Lin Qi, a 39-year-old video game tycoon, had spent a small fortune buying up the rights to a Chinese science fiction novel called “The Three-Body Problem.” A tale of alien invasion that intertwined cosmic machinations with the horrors of China’s Cultural Revolution, the book had become an unlikely international best seller that counted Barack Obama among its admirers.

Oil prices edge lower ahead of OPEC meeting and output level discussions

SINGAPORE – Oil prices edged lower on Monday, the first day of 2021 trading, ahead of a meeting of OPEC and allied producers to discuss output levels for February with fears for first-half demand seeping into the market as the coronavirus pandemic lingers.

Brent crude for March was at $51.76 a barrel, down 4 cents or 0.08%, by 0038 GMT while U.S. West Texas Intermediate crude for February fell 9 cents, or 0.2%, to $48.43 a barrel.

President Trump Signs Bill Giving Intelligence Agencies 180 Days To Reveal The Truth About UFOs

On December 28th, President Donald Trump signed into law a huge spending bill that allocates $1.4 trillion in federal funding for the 2021 fiscal year. The bill covers a lot issues, but one in particular that has caught the attention of some media outlets is the topic of unidentified aerial phenomenon, also known as UFOs or UAPs. This large spending bill also contains the Intelligence Authorization Act, which outlines clandestine reporting requirements to the congress.

Biden team defends Yellen making millions in speaking fees from big corporations

The Biden team responded this weekend to criticism of President-elect Joe Biden’s treasury secretary pick Janet Yellen after it was revealed she raked in more than $7 million as a speaker from Wall Street firms and other corporations after leaving the Federal Reserve in 2018.

“Janet Yellen is among the pre-eminent economic policymakers in the world today. Since leaving the Fed after several decades in public service, she has spoken at economic conferences, universities and to business groups and financial institutions about her experiences …”

Families on brink of eviction, hunger describe nightmare Christmas as $900 billion relief bill hangs in limbo

Millions of Americans who are hours away from losing unemployment aid or the small business they have spent years building have a simple plea to President Trump and Congress: Please help us.

The Washington Post has been inundated with messages and phone calls from people on the verge of losing their homes and cars and going hungry this holiday who are stunned that President Trump and Congress cannot agree on another emergency aid package. Several broke down crying in phone interviews.

Bitcoin tops $34,000 as record rally continues

Bitcoin’s value surged above $34,000 (£24,850) for the first time on Sunday as the leading cryptocurrency continued to soar.

It put the gain this year at almost $5,000, although by 17:00 GMT the price had drifted lower to about $33,000, according to the Coindesk website.

The rise was put down to interest from big investors seeking quick profits.

Gold & Silver

Click to read the PM Year End Market Summary

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”

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13 Comments

  • Wed, Jan 06, 2021 - 10:01am

    #1

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2248

    1

    Don’t forget hunger and starvation

    https://www.christianpost.com/news/world-food-program-warns-of-famines-of-biblical-proportions.html?uid=4ab5cd4b79

    The head of the World Food Program believes that 2021 could see “famines of biblical proportions” as the economic struggles of COVID-19 may hamper global responses to food shortages caused by military conflicts, the rise of Islamic extremism and locust infestations.

    In an interview late last year with The Christian Post during a visit to Washington, D.C., WFP Executive Director David Beasley, a former Republican governor of South Carolina, expressed concern for the funding problems that could be in store for 2021.

    Despite receiving historic levels of funding and leading the food-assistance branch of the United Nations to a Nobel Peace Prize since he took the helm in April 2017, the 63-year-old Beasley warned the fiscal realities of the COVID-19 pandemic could lead to a decrease in funding at a time when as many as 270 million could be pushed to the brink of starvation.

    “When I joined the WFP, the number of people on the brink of starvation versus general hunger was 80 million people,” he explained. “There is a technical term for that. But it was 80 million marchings toward starvation. That number spiked, went up to 135 million at the end of [2019] primarily because of manmade conflict, compounded on top of that with climate extremes and destabilized or fragile governments. On top of that, COVID comes and the number we anticipated based upon economic deterioration and because of COVID decisions is now 270 million people that are marching to the brink of starvation.”

    RTWT

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  • Wed, Jan 06, 2021 - 12:47pm

    #2

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2248

    2

    District attorney’s report explaining no charges against officers in Jacob Blake case

    https://htv-prod-media.s3.amazonaws.com/files/digital-presentation-on-the-officer-involved-shooting-of-jacob-blake-202101051647522363.pdf

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  • Wed, Jan 06, 2021 - 6:18pm

    #3

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2248

    1

    Healthy 56 year old doctor dies after taking Covid vaccine

    https://twitter.com/AlexBerenson/status/1346986005220376576?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1346986005220376576%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.theburningplatform.com%2F

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  • Wed, Jan 06, 2021 - 6:30pm

    #4

    000

    Status: Bronze Member

    Joined: Dec 10 2013

    Posts: 316

    2

    New York Times Declines My Rebuttal to Defamatory Op-Ed on COVID Vaccines

    New York Times Declines My Rebuttal to Defamatory Op-Ed on COVID Vaccines

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  • Thu, Jan 07, 2021 - 11:38am

    #5

    000

    Status: Bronze Member

    Joined: Dec 10 2013

    Posts: 316

    1

    War, What's it good for?

    Nothing

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  • Fri, Jan 08, 2021 - 2:29pm

    #6

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2248

    7

    NY legislature proposes a bill to establish Covid concentration camps

    https://alt-market.us/ny-state-assembly-bill-a416-covid-concentration-camps-in-america/

    Six months ago amid the panic and the hype surrounding the coronavirus outbreak the New Zealand government made an announcement that went mostly unnoticed by the mainstream media. It was a policy decision that the whole western world should have been up in arms about, but at the time the public was still processing the pandemic chaos. New Zealand was instituting what amounted to covid prisons – Medical “quarantine facilities” where ANY citizen suspected of being a covid carrier could be detained without due processfor as long as the government saw fit. Not only that, but these covid camps would fall under the jurisdiction of the military. In other words, the NZ covid response was quietly being shifted into martial law.

    In my article ‘The Totalitarian Future Globalists Want For The Entire World Is Being Revealed’, published in August, I stated:

    I believe the reason Australia and New Zealand have been targeted with this level of restrictions first is because they have been almost fully disarmed and have no means to defend themselves from government overstep. That said, I see signs that similar measures will be attempted in the US as well. In states like New York, there are low key programs to set up covid checkpoints stopping and checking vehicles coming into the state. This is where heavier restrictions start.”

    It would seem my prediction might come to pass sooner than I thought. New York State Assembly Bill A416 has been dredged up by leftist lawmakers and its contents are rather horrifying. To summarize, A416 allows the NY governor dictatorial powers to detain and imprison any citizen determined to be a “threat to public health safety” during ANY viral outbreak. This power could be interpreted very broadly, perhaps even to include people who refuse to take the covid vaccine. The bill also allows for people to be imprisoned in “medical facilities” or other facilities; in other words, quarantine camps.

    The bill was originally introduced in 2015 around the time of the Ebola outbreak scare, but it was shelved when that particular crisis didn’t pan out. The coronavirus pandemic is giving the bill new life, and this is not at all surprising. Just as we saw right after 9/11, any time a major crisis gains traction the government seeks to fast-track draconian laws which the public never would have tolerated in the past; laws that were collecting dust before but are suddenly pushed to the forefront today.

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  • Fri, Jan 08, 2021 - 4:06pm

    #7
    agitating prop

    agitating prop

    Status: Gold Member

    Joined: May 28 2009

    Posts: 615

    1

    Whipping up division

    Imprisoned in medical facilities...sure O6. I think the less paranoid paranoid parlance is New York will be building more hospitals and facilities to quarantine overflow that don't require ICU's, but do need care and have to be kept separate.

    These efforts should have been undertaken decades ago. But by all means keep posting articles that whip up division. It's a free country.

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  • Sat, Jan 09, 2021 - 6:50am

    #8

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2248

    3

    NYC landlord being evicted while renter stays rent-free

    https://hotair.com/archives/jazz-shaw/2021/01/03/nyc-landlord-evicted-delinquent-tenants-live-rent-free/

    I’ve been writing about the looming eviction crisis since early in the summer. This entirely predictable disaster has been obvious to anyone who has been paying attention ever since the pandemic broke out. A well-intentioned “eviction moratorium” effort by the government to prevent renters from finding themselves out on the streets after government shutdowns eliminated their jobs did little or nothing to prevent the damages sustained by landlords. It also never answered the question of what would be done about all the back rent that was going to come due when the moratoriums expired. These challenges are already taking their toll in New York City and, in one case, we’re seeing a twist on the usual depressing tales. One landlord and owner of a modest apartment building in the Inwood neighborhood of the Big Apple is now facing eviction himself. The reason is that some of his tenants are simply refusing to pay their rent even if they kept their jobs or other sources of income through the pandemic. (NY Post)

    See Also: Joe Manchin is already flexing his muscle… sort of

    David Howson, now 88, has long used rental income from his 10-unit building at 9 West 129th St. to help pay for the co-op apartment in Inwood where he’s lived for decades. Now, out more than $40,000 and suffering from Alzheimer’s disease, he’s had trouble paying his own maintenance charges and is himself facing the boot, his family claims.

    The alleged deadbeats in Howson’s building will get another break, courtesy of Albany’s largesse. The legislature is expected to pass a new eviction moratorium that will keep wayward tenants in their apartments until at least May 2021.

    “We have nothing. We are completely destitute,” daughter Jessica Howson, who manages her father’s affairs, told The Post.

    The majority of the debt owed to Howson is being attributed to one apartment in the ten-unit building he maintains. The tenant in that apartment isn’t someone who lost their job due to the pandemic and could no longer afford the $926 monthly rent. She’s a woman who inherited the rent-controlled apartment from her husband in 2016 and has never paid the rent since the day she took posession. That debt has now stacked up into the tens of thousands of dollars. Social Services has paid Howson a piddling $215 per month on her behalf, but he can’t afford to soak up that much of a loss indefinitely.

    Making matters worse is the fact that groups advocating for tenants’ rights have taken up the woman’s cause on a pro bono basis and battered Howson in court when he attempted to sue for the missed payments and evict her. The agency representing the deadbeat renter has told Howson’s daughter (who represents his interests because he has Alzheimer’s) that the tenant “has a ‘right’ to remain in the apartment rent-free.”

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  • Sat, Jan 09, 2021 - 7:34am

    Kathy

    Kathy

    Status: Bronze Member

    Joined: Feb 21 2020

    Posts: 88

    2

    Kathy said:

    Can with start with people who are HIV+?  Let’s begin by putting those folks in quarantine facilities so they don’t spread communicable disease.

    And there is the problem, who gets to decide who to pull out of their homes, hospitalize and treat?

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  • Sat, Jan 09, 2021 - 7:39am

    #10

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2248

    4

    Censorship

    https://gab.com/Matt_Bracken/posts/105525820172384808

    I've got a prediction.
    Last Sunday, I was doing my weekly live chat podcast with Fernando Aguirre / "FerFAL" / The Modern Survivalist.
    We were talking about how the Covid vaccine will eventually become mandatory, and that will be a "red line" for many patriots who will absolutely refuse to take it. In mid broadcast, our transmission was cut off. We had violated the TOS. FerFAL queried YT, and got back a boilerplate list of Covid topics that are not permitted. Every YT upload is converted to text in real time, and AI programs are on the lookout for forbidden words and phrases.

    So here's my prediction:
    Beginning after January 20, anybody still talking about the stolen election will be shut down and banned from social media for "inciting insurrection," or "inciting violence."
    "Inciting violence" will be the DemSocRat catch-all for silencing dissent.
    It's not unheard of. Woodrow Wilson did it during WW1.

    The Sedition Act of 1918
    "The Sedition Act of 1918 curtailed the free speech rights of U.S. citizens during World War I. Its passage came to be viewed as an instance of government overstepping the bounds of First Amendment freedoms. President Woodrow Wilson (above), who urged passage of the Act, was concerned about the country’s diminishing morale and looking for a way to clamp down on widespread disapproval of the war and the military draft."
    @WRSA

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  • Sat, Jan 09, 2021 - 7:43am

    Susan7

    Susan7

    Status: Bronze Member

    Joined: Feb 15 2020

    Posts: 112

    2

    Susan7 said:

    Well the NYT employs an editor who said she enjoys watching old white men suffer, so what do you expect?

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  • Sat, Jan 09, 2021 - 7:47am

    Susan7

    Susan7

    Status: Bronze Member

    Joined: Feb 15 2020

    Posts: 112

    2

    Susan7 said:

    The difference is that after the war the policy came to be seen as an overreach. Now, the censorship will likely be permanent since the usual methods of recourse have been systematically removed.

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  • Sat, Jan 09, 2021 - 9:24am

    Mohammed Mast

    Mohammed Mast

    Status: Gold Member

    Joined: May 17 2017

    Posts: 1224

    3

    Sedition Act

    https://www.mtsu.edu/first-amendment/article/1239/sedition-act-of-1918

    Julian Assange is being persecuted using the 1917 Espionage Act. It is a full frontal assault on the 1ST Amendment

    https://www.newyorker.com/news/our-columnists/charging-julian-assange-under-the-espionage-act-is-an-attack-on-the-first-amendment

    Seymour Hersh won a Pulitzer prize for uncovering and reporting on the My Lai massacre during the Vietnam War. It is likely today he would be tried, found guilty and executed for treason.

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