PM Weekly Market Commentary – 06/26/2020

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  • Tue, Jun 30, 2020 - 03:14am

    #21

    davefairtex

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    yeah no cash

Eannao-

Yeah, I’m looking to get out of my cash position at this point.  Probably some silver, gold, and perhaps real estate.  The risk from the overhang of all that…”missing” money is just too great for me to own treasuries at this point.  It might take a bit of time but, that report from Skidmore was appalling.

I mean, 90 trillion in issuance?   For (allegedly) 22 trillion in debt?  That suggests its ALL 3-month bills.  Which it most definitely is not.  A “smocking gun”, as our President might say.

Likewise, with our former Microsoft buddy, I do not think he has turned into a do-gooder.  I just don’t think he is built that way.  There is something going on there; Armstrong thinks he’s about depopulation.  Me?  I don’t know.  Just – something smells bad.  And the whole MSM/COVID thing sure looks like a MSFT op from the bad old days.  Destroy your competition by any means necessary, while pumping up your own mostly-worthless, bug-riddled product.  HCQ/Remdesivir, anyone?

How heavily is he invested (his own personal portfolio) in pharma?  Is there another motive?  Something digital?  Some control aspect?  He sure is worried about population in Africa.

Tiger/stripes, leopard/spots, etc.

Check out the wiki for GAVI:

https://en.wikipedia.org/wiki/GAVI

  • Tue, Jun 30, 2020 - 03:47am

    #22
    phusg

    phusg

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    PM Weekly Market Commentary – 06/26/2020

I don’t know, I agree we should always be skeptical about these things, but it’s one thing using dirty anti competitive tactics like buying out competitors, making your product incompatible and building in obsolesensce and quite another to be complicit in tens of thousands of people losing their lives. Is Gates really that big of a callous sociopath? Usually I’m the pessimist on human nature, but you’re out-doing me here haha.

If some news item makes you feel scared – that’s probably the FUD campaign at work.

Again, certainly good to question, but I think there are also many things that are genuinely scary i.e. where it is rational to be wary, like:

  • the chance that Covid immunity decays rapidly
  • the chance that a bout of Covid could leave you with lasting lung damage
  • unbridled population growth in Africa on top of the enormous growth we’ve had all over the world
  • Tue, Jun 30, 2020 - 05:21am

    #23

    davefairtex

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    fud, etc

phusg-

Given how much fuss there has been about “lasting lung damage”, and given how many recovered patients we’ve seen, one might expect a study to have been done about this.  Do we have such a study?   Measurement of lung function, charted through time, from patients recovered from varying levels of disease severity?

My friend’s wife had a nasty case of pneumonia a year ago; she was hospitalized, actually died, was revived, and emerged with lasting damage.  Things happen when you get badly ill.

Before I run off and get scared, I want to see context for the claim – actual numbers – and contrast them with hospitalized cases of influenza.

As for sociopathy and our buddy from microsoft, I have a large number of dots that I’ve connected, for which I haven’t provided chapter and verse.  Its not fair to do this in an argument, really, but I’m not sure you’d want to wade through all of it.

There has been so much FUD to date, I guess I just don’t trust any of it.  They’ve lost credibility with all their fabricated assaults on cheap treatments.  They just want to sell me expensive drugs and vaccines which will be half-tested and may – or may not – actually work, with who-knows-what level of side effects, for which I have no legal recourse.

I mean, that RECOVERY HCQ trial killed people.  Near-lethal doses were given to a large number of sick people.  Some died.  It was funded by our friend from microsoft, at least in part.  That’s a dot for you.

 

  • Tue, Jun 30, 2020 - 05:50am

    #24
    Chris Martenson

    Chris Martenson

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    Re: $90 trillion debt roll?

Skidmore’s research reveals the US Treasury market is rolling over $90 trillion to support the official debt of $22 trillion

Well, the math says the only way that could happen is if the average maturity is 2.93 months.

The math:  12/(90/22)

That’s clearly not an explanation given the stated maturity ladder with all of its 30, 20, 10, 7, 5, 2 and 1 year debt.

The only other explanation is there’s a crap-ton more debt than stated.

The math is really simple.  The mechanics simple.

However, since every auction is listed with a CUSIP number there should be a way to add up all the CUSIPs and get a total?  That too doesn’t seem all that hard, but I haven’t tried.

  • Tue, Jun 30, 2020 - 06:00am

    #25
    phusg

    phusg

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    PM Weekly Market Commentary – 06/26/2020

This is the mainstream journalism / FUD article that had me concerned, depending on your view of the BBC and/or these particular journalists. In particular this quote from an apparant expert:

“With all these cases, we can’t say for certain at the moment,” said Dr Sam Hare, an executive committee member of the British Society of Thoracic Imaging and advisor to the Royal College of Radiologists.

“But usually with a virus or infection at six weeks, you would expect the scan to have returned to normal. It hasn’t and that’s the worry.

But re-reading the article it does state clearly that this is only applicable to people who’ve had a serious Covd-19 infection which they were hospitalized for.

The article mentions tens of thousands (presumably for the UK) and the following numbers without much further detail (how long after would’ve been good to include):

In a study from China, published in March, 66 of 70 patients still had some level of lung damage after being discharged from hospital.

So maybe I’m overreacting, but thankfully the cost of extra risk aversion isn’t high for me as of yet.

  • Tue, Jun 30, 2020 - 06:08am

    #26

    JAG

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    DF…you have lost your mind

DF, you have lost your mind buddy, and you’re not alone.

Two months ago, the wife of a close friend starting going on and on about various conspiracy theories, many involving Bill Gates. We were in lockdown and there was nothing for her to do but surf the internet and social media. My buddy and I got a few laughs out of it.

Now, she is so drugged up from anxiety meds that she’s basically a vegetable most of the time. My buddy is having some serious problems too. He suffers from watching to much FOX (FUD) News. He actually believes that no one has died from COVID-19 and this is all a plan to keep Trump from getting re-elected. And he is a doctor. He doesn’t wear a mask or wash his hands and sees 50 patients a day.

He sits on his porch now with an AR15 looking to shoot “dems”.

Everyone is losing their shit.

Stay away from the “news” (CNN and FOX) and forget the conspiracy theories. They both just serve the illusion that you are smarter and superior to “them”. It’s an ego trap that doesn’t end well.

  • Tue, Jun 30, 2020 - 06:18am

    #27

    davefairtex

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    reassurance

JAG-

Heh well let me reassure you.  I’m not in the same place as your friend.

There’s data I have that I haven’t shared, because I haven’t nailed it down yet.  That’s a work in progress.  I just have suspicions right now.

I do know that Fauci funded that gain of function research on the bat viruses, that eventually leaked out of Wuhan, and has infected the world.  And now he says we won’t get back to normal until we get a vaccine.  Which he now says, may well not work except to reduce symptoms.  And we shouldn’t cap the prices.  Remdesivir is amazing, HCQ doesn’t work.  Did you know that Gates and Fauci are 100-million-dollar friends?

https://www.ajmc.com/newsroom/nih-bill-and-melinda-gates-foundation-collaborate-to-develop-genebased-hiv-treatment

And the massive, multi-study effort to say HCQ kills people – a very safe drug for 50 years – is just unprecedented.

There is a lot of smoke here.  If you think that’s the same as me sitting on the deck with an AR-15 looking to shoot Democratic voters (I’m still, sadly, a registered Democrat) with a tinfoil hat on?  Well, its just not.

I’d say trust me, except…I know I’m well outside the Overton Window with my comments, and I further recognize that people who go outside this all-important discussion window are given unfortunate labels.

I think I’m just early.  Not wrong, just early.

  • Tue, Jun 30, 2020 - 06:27am

    #28

    davefairtex

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    simple math & mechanics

Well, the math says the only way that could happen is if the average maturity is 2.93 months.

The only other explanation is there’s a crap-ton more debt than stated.

The math is really simple. The mechanics simple.

However, since every auction is listed with a CUSIP number there should be a way to add up all the CUSIPs and get a total? That too doesn’t seem all that hard, but I haven’t tried.

I think – but am not sure – that’s what Skidmore did.  That’s how he got the $90 trillion number.  He has a bunch of grad students he can throw at the problem.

Like you said, its simple math.  Very…curious.  Earth-shattering, if true.  Seriously.  Dollar-ending.  I’m hoping we don’t come up with confirmation until I move safely out of cash.

  • Tue, Jun 30, 2020 - 06:35am

    #29
    phusg

    phusg

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    PM Weekly Market Commentary – 06/26/2020

Dave, I partially agree with JAG; you certainly are taking a turn further out of my Overton window than ever before. Similarly to one of your heroes Martin Armstrong, you otherwise have brilliant insights, so I’m trying to give you the benefit of my doubt. I’ve also seen you admit to being wrong before and that really helps. I haven’t seen much of that on this recent resurgence of cases, although as you say the jury is still out on whether it results in mass deaths or whether we really have improved the CFR. With some hospitals now filling with presumably serious cases it’s make or break on that one soon…

BTW, I just realised there may be a contridiction in your thinking on this; all attempts to lower CFR are being repressed but this 2nd outbreak won’t lead to more deaths?

Stay away from the “news” (CNN and FOX) and forget the conspiracy theories. They both just serve the illusion that you are smarter and superior to “them”. It’s an ego trap that doesn’t end well.

I agree with this insight that many are ego traps, but then on the other hand I also agree with this PP contributo

Not every conspiracy theory is untrue.

  • Tue, Jun 30, 2020 - 07:06am

    #30

    sand_puppy

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    PM Weekly Market Commentary – 06/26/2020

I am very distrustful of authorities also.   I am certain that we have been repeatedly lied too.

If I did not previously work in a hospital and have a network of friends still employed in hospitals, I might doubt that COVID existed or was serious.

But, I email my old buddies employed at all levels of the medical system (doctors, nurses and respiratory therapists) at several hospitals where they work and ask them:  How are your COVID cases doing?  Are you seeing deaths?  Any young people getting admitted?

I have a personal friend who is now a pulmonary cripple after a “mild” case of COVID.  She can only walk 100 feet without stopping to rest.  She cannot make a sandwich in her kitchen without sitting on a stool positioned in the middle of her kitchen.

So with that insiders perspective of personal friends, I can confirm that COVID is real.

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