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Friday, January 31, 2020

Bill Fleckenstein: Broadcast Interview – Available Now

Bill Fleckenstein: President of Fleckenstein Capital - Bill is a professional money manager with over 30 years of experience, he also writes a daily Market Rap column for his web site at Fleckenstein Capital.  Bill has appeared at one time or another in virtually all financial media including King World News, Bloomberg, CNBC, The New York Times, MSN, Marketwatch, Barron’s and more…

The post Bill Fleckenstein: Broadcast Interview – Available Now appeared first on King World News.



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Bill Fleckenstein

Bill Fleckenstein: President of Fleckenstein Capital - Bill is a professional money manager with over 30 years of experience, he also writes a daily Market Rap column for his web site at Fleckenstein Capital.  Bill has appeared at one time or another in virtually all financial media including King World News, Bloomberg, CNBC, The New York Times, MSN, Marketwatch, Barron’s and more…

The post Bill Fleckenstein appeared first on King World News.



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PP Seminar: Early Bird Discount Extended To Midnight Sunday

It’s Friday night, and being honest, Chris and I are exhausted from our non-stop coverage of the Wuhan coronavirus outbreak — now an official pandemic.

In just the past week, we’ve published 10 videos, 3 articles, 3 premium reports, and 1 podcast on the emerging crisis — in parallel with the numerous podcasts and media interviews Chris has participated in. Phew!!

(If you’re not yet up-to-speed on the coronavirus, which the US declared a national health emergency a few hours ago, click here to access our full coverage of the situation.)

As we were closing down for the night, we suddenly realized that today (Friday, Jan 31) is supposed to be the deadline for the Early Bird price discount to our May seminar.

We feel badly that we didn’t have the bandwidth to remind you all more prominently of that, given our daily scramble to produce updates on the viral outbreak.

So, we’re going to extend the deadline to midnight PT this Sunday, Feb 2. That gives you the next 48 hours to register and lock in the discounted price — which is quite substantial; it’s 38% lower than the general admission price.

The programming for this year’s seminar is looking amazing by the way…

Chris and I will be joined our strongest faculty line-up ever, which now includes, Bruce Buena de Mesquita (The Rules For Rulers), Peter Boghossian (How To Have Impossible Conversations), Joel Skousen (Strategic Relocation), Mike Maloney, Charles Hugh Smith, Wolf Richter, Axel Merk, John Rubino, Richard Heinberg, Jeff Clark, Russ Gray, the farmers from Singing Frogs Farm, the financial experts from New Harbor Financial and Joe Stumpf.

And for the first-time ever, we’ll have a parallel track dedicated to socializing and community building with whichever of the other amazing like-minded attendees you want to get to know better.

Chris and I can’t wait to see you there in May.

But first, lock in your seat! The Early Bird price discount expires at midnight on Sunday!!

 

Feedback From Recent Past Peak Prosperity Seminars

“I am SO grateful for the work that you two do. I know you travel extensively, all while conducting amazing research, interviewing guests, writing articles, not to mention walking the talk in your own personal lives. Please take care of yourselves, rest when you need to. We will wait patiently. The seminar was just what I needed to give me a push to continue my preparations. The practical information from the speakers and my fellow attendees was just what I was hoping for. The unexpected bonus was learning that people all across the country were engaged in the same preparations. It gives me hope. You have planted seeds across the country. Bless you.”

“I wanted to reiterate that this event exceeded my grandest expectations. Not only did it inspire me to start making immediate changes in my life, but it has also given me renewed confidence in recommending PP to others. I’m now certain this experience is far more than just “doom and gloom and get your preps in order”. Sure, I anticipated that a bit before the seminar, but I now have the “street cred” to speak with those I care about and say “hey, you should really take a look at this, and not just because we might run out of fossil fuels in our lifetime, but because this could fundamentally change who you are, for the better”. Essentially, this event forever changed the way I’ll communicate the message of our tribe and I am so grateful for that!”

“As a newbie I found everyone to be warm and welcoming. It was a rich and rewarding experience. Thank you for your commitment to making a world worth inheriting! You are both so very appreciated!!”

“Thank you for bringing such an amazing group of people together and creating such a comfortable, friendly environment within which to interact.”

“Really appreciated the social events, bringing in local suppliers, and the detailed planning that went into this.”

“Both of you are doing such important great work, more because you give us tools and hope. A great break in the insanity, and a sense that we are all in this together. No one wants ‘Mad Max’, and by helping each of us learn to live with greater resilience, your process shows we don’t have to have that future.”

“The energy you two bring to the room is truly remarkable. I was not bored a single second of the weekend. I could have done 2 more days.”

“Please keep offering these. It’s the only place in my life where I convene with people who welcome the range of information and experiences that this seminar offers. I think it really helps build community on the site. Finally, I feel really grateful for the role that Chris & Adam play in helping us navigate these challenging times. I rest easier knowing how constant you are in keeping us up to date in what’s going on while also stretching our beliefs. Big hug to you both!”

“Chris mentioned how important connection is for health. I think one reason gathering the tribe leads to such intense experiences is that the difficulty of discussing this material in daily life creates a sense of isolation. I felt an almost frenzied need to hear and be heard by others who share the Peak Prosperity viewpoint, followed by a profound relief when I was finally in their company. Thank you.”

“The presentation was very professional and well-organized and the local food and drink during the breaks was a nice touch. Great job!!!!”

 

__________________________

Presentations are insight-rich and highly interactive

‘Off The Cuff’ celebrities Axel Merk (Merk Funds), John Rubino (DollarCollapse.com) & Wolf Richter (WolfStreet.com) share their forecasts

Just a peek into the many social activities designed to build relationships and nurture tribe-building

Charles Hugh Smith and Richard Heinberg exchange thoughts on the decline of empire before enjoying whiskey & gin tasting at Spirit Works distillery

Walking tour of Singing Frogs Farm

 

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Massive Breakout In The Gold Market As Mining Stocks Preparing To Blastoff

We have just seen a massive breakout in the gold market as mining stocks are preparing to blastoff!

The post Massive Breakout In The Gold Market As Mining Stocks Preparing To Blastoff appeared first on King World News.



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Daily Digest 1/30 – Is This The End Of Canada’s Oil Sands?, How Viral Pandemic Benefits The Globalist Agenda

Economy

San Francisco official in charge of cleaning up city’s filthy streets arrested (thc0655)

The head of San Francisco Public Works, which is in charge of cleaning up the city’s feces-filled streets, has been arrested by the FBI on suspicion of public corruption.

San Francisco Public Works Director Mohammed Nuru was arrested Monday alongside Nick Bovis, the owner of a popular sports bar in Fisherman’s Wharf, Lefty O-Doul’s. Sources told NBC Bay Area that Nuru was arrested on suspicion of accepting bribes for airport concession contracts.

Health Experts: Human-to-human spread of new virus worrying (Sparky1)

China counted 170 deaths from a new virus Thursday and more countries reported infections, including some spread locally, as foreign evacuees from China’s worst-hit region returned home to medical observation and even isolation.

India and the Philippines reported their first cases, in a traveler and a student who had both been in Wuhan, the central Chinese city where the new type of coronavirus first surfaced in December. South Korea confirmed a case that was locally spread, in a man who had contact with a patient diagnosed earlier.

How Viral Pandemic Benefits The Globalist Agenda (thc0655)

The world today suffers from highly fragile economic and geopolitical conditions.  This is not news to most people in the liberty movement that have been tracking the downward spiral for years, but it is news to a majority of average Americans who rarely venture to get in-depth information on any issue.  The fact of the matter is, even though there are millions of us who are aware of the danger, we are still in a minority.

Tesla’s Stock Price Soars After Crushing Expectations (Michael S.)

With Tesla stock nearly tripling in the past four months and closing at an all time high of $581 on Wednesday…

… as euphoric expectations for unprecedented demand in China triggering a Volkswagen-like short squeeze, and ironically surpassing the world’s largest automaker, Volkswagen, in valuation in the process, everyone was looking forward to today’s earnings report, and specifically the company’s guidance, to see just how much of the massive runup was justified.

Coronavirus outbreak: What to do if you think you’ve contracted the novel virus (Thomas R.)

An outbreak of the novel coronavirus, a deadly pneumonia-like illness that’s killed some 132 people and sickened nearly 6,000 people across the world, has sparked fears that Americans may be at risk — especially after five cases of the disease have been confirmed in the U.S.

For now, federal health officials maintain that the risk to the public is low, while other medical professionals are stressing you have a much greater chance of contracting the flu than the coronavirus.

Australians flown home from Wuhan, China, will be quarantined on an island for two weeks. Americans, also evacuated from Wuhan, will be “temporarily housed” on an air base in California. And in South Korea, the police have been empowered to detain people who refuse to be quarantined.

Energy

US Oil Exports Could Explode After Once In A Lifetime Power Shift In China (Michael S.)

A paradigmatic shift in China’s power structure could lead to a surge in U.S. crude oil imports, but China might have its reasons not to comply with the Phase 1 trade deal

Is This The End Of Canada’s Oil Sands? (Michael S.)

Another billion-dollar energy project is polarizing Canada once again, but this time, it’s got nothing to do with pipelines, or even LNG terminals. It’s the Frontier oil sands mine that the federal government of Justin Trudeau must approve or reject by the end of next month.

 

Environment

Scientists in Antarctica have recorded, for the first time, unusually warm water beneath a glacier the size of Florida that is already melting and contributing to a rise in sea levels.

The researchers, working on the Thwaites Glacier, recorded water temperatures at the base of the ice of more than 2 degrees Celsius, or 3.6 degrees Fahrenheit, above the normal freezing point.

Gold & Silver

Click to read the PM Daily Market Commentary

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. 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.”

The post Daily Digest 1/30 – Is This The End Of Canada’s Oil Sands?, How Viral Pandemic Benefits The Globalist Agenda appeared first on Peak Prosperity.



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New Coronavirus Ro of 4.1 = Massive Contagion Risk

As Chris says in the below video, this is an alert we’d hoped not to have to deliver.

A new study coming out of China reports that the Wuhan coronavirus has an Ro of 4.1. That means it’s much more contagious than previously feared:

If indeed the case, an Ro of 4.1 means there is NO way of stopping this virus from becoming a full-blown global pandemic.

This study has not yet had time to be peer-reviewed, so the data may change. But going with the data we have *right now* in this fast-developing situation, it is time to start preparing yourself and your loved ones.

Not time to panic, mind you. But start taking steps to prepare should you need to shelter in place for a period of days/weeks if the virus hits your community.

N95 masks, sanitizers, household cleaners, etc, body protection, food stores, etc.

Hopefully you won’t have to self-isolate. But if you do, be sure you’ve prepared in advance.

Be sure to stay up-to-date on Peak Prosperity’s ongoing full coverage of the coronavirus outbreak by visiting here.

The post New Coronavirus Ro of 4.1 = Massive Contagion Risk appeared first on Peak Prosperity.



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Big Lies Losing Power with James Hirsen

from Financial Survival Network

James Hirsen returns… Whether it’s the impeachment or just everyday government operation, it’s all about the big lie. But Trump has learned how to turn the lie against the Dems and the Deep State. It’s all part of the playbook. Bring in last minute witnesses to attack Kavanagh or Trump – during the election or his impeachment. He will be exonerated and acquitted, but the Democrats will say that the Senate was covering up. Will the RINO’s hold tight? Either way, it’s going to end shortly and not favorably to the President’s enemies.

Click Here to Listen to the Audio

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Alasdair Macleod – Roadmap For This Year’s Financial Collapse

As fears about everything from Coronavirus to shadow banking problems mount, Alasdair laid out an important roadmap for this year's financial collapse.

The post Alasdair Macleod – Roadmap For This Year’s Financial Collapse appeared first on King World News.



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Fun on Friday: Beware of Fake Feds Selling Fake Gold!

If some guy was trying to talk you into buying gold, would the fact he was an ATF agent make you more comfortable with the transaction? I’m just going to say upfront, my answer is an emphatic no. Maybe it’s just me, but “federal agent” doesn’t inspire a sense of trust. In fact, if some […]

The post Fun on Friday: Beware of Fake Feds Selling Fake Gold! appeared first on SchiffGold.com.



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Extreme Is the New Normal: SchiffGold Friday Gold Wrap Jan. 31, 2020

The Federal Reserve held its first FOMC meeting of 2020. It was mostly met with yawns as the Fed held rates steady, and despite a somewhat dovish tone, indicated that it probably wouldn’t make any moves on interest rates this year. We’ve grown so used to low interest rates that it barely registers that the […]

The post Extreme Is the New Normal: SchiffGold Friday Gold Wrap Jan. 31, 2020 appeared first on SchiffGold.com.



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Thursday, January 30, 2020

The W.H.O. Just Prioritized Money Over Human Life

Today the World Health Organization (W.H.O.) declared that the Wuhan coronavirus is indeed now a pandemic.

Scary news, right?

Well…not if you kept listening. The W.H.O. then proceeded to downplay the risk to public health and took pains to make it clear it doesn’t recommend placing restrictions on global trade & travel at this time.

What?!? When we may be in dealing with a viral outbreak as (or more!) virulent than the Spanish Flu? (aka The Great Influenza)

Folks, this is nothing less than a political decision to keep business/commerce flowing without regard to public health. The W.H.O. has chosen money over people’s lives:

Also in the news today: science journal The Lancet just released a study that finds initial evidence that men are substantially more vulnerable to coronaviruses than women.

Why? Watch the video below. Chris Martenson walks through the science behind the findings:

Be sure to stay up-to-date on Peak Prosperity’s ongoing full coverage of the coronavirus outbreak by visiting here.

The post The W.H.O. Just Prioritized Money Over Human Life appeared first on Peak Prosperity.



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Celente – This Seems Unimaginable Even In Today’s Crazy World

With continued volatility in global markets, the top trends forecaster in the world noted that even in today's crazy world this seems unimaginable.

The post Celente – This Seems Unimaginable Even In Today’s Crazy World appeared first on King World News.



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Trilogy Metals is Cashed Up ($90M) and Facing Upcoming Catalysts with CFO Elaine Sanders

from Mining Stock Education

At the Vancouver Resource Investment Conference, Bill Powers interviewed Elaine Sanders of Trilogy Metals to get an update on the company’s progress and upcoming catalysts. Trilogy’s joint-venture partner South32 just exercised an option to obtain 50% ownership of Trilogy’s Upper Kobuk Mineral Projects Area in Alaska. With the exercise of the option, Trilogy is receiving an influx of cash and is now fully funded through any construction decisions. Trilogy Metals is a copper-dominant, poly-metallic developer of world-class projects in Alaska’s Ambler mining district.

Elaine Sanders is Chief Financial Officer and Corporate Secretary of Trilogy Metals and has more than 20 years of experience in audit, finance, and accounting with public and private companies. She has been involved with numerous financings and acquisitions, and has listed companies on both the TSX and AMEX. Elaine is responsible for all aspects of financial services, financial reporting, and corporate governance. She holds a Bachelor of Commerce degree from the University of Alberta and is a Chartered Accountant.

Click Here to Listen to the Audio

Continue Reading at MiningStockEducation.com…



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What is a Narrative with Charles Nenner

from Financial Survival Network

Charles Nenner returns… A new book put out by a so-called economic and political expert espouses the view that narratives shape reality and perception, which to some extent is true. But listen to Charles Nenner and learn about cycles. Perhaps it’s the cycle that shapes the narrative and reality. Right now the narrative is all about the Coronavirus and its impact upon the economy. But perhaps, if it wasn’t the virus, it would have been something else. Charles is looking for stock markets to tank, $36 oil, higher dollar and higher treasuries. It may be a little to late for higher Vix, Charles already cashed out.

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Real Estate for Uncertain Times? with Buck Joffrey

from Financial Survival Network

Buck Joffrey, doctor turned real estate investing expert is seeing lower rates which means lower capitalization rates and higher real estate prices. Currently the U.S. has the highest interest rates of it’s peers. As a defensive maneuver, it’s almost a necessity for the Fed to cut rates. But what affect will it have on the rest of the world? For now, money is flowing into the U.S. and that’s working great.

Click Here to Listen to the Audio

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Two Of The Greats On Coronavirus Panic Plus Some Surprises

With worries mounting in global markets, two of the greats discuss the Coronavirus panic plus some surprises.

The post Two Of The Greats On Coronavirus Panic Plus Some Surprises appeared first on King World News.



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Gold Mine Output Falls for First Time Since 2008

After flat-lining over the last several years, gold mine output fell by 1% in 2019. This is further evidence that we could be heading into a long-term and perhaps irreversible decline in gold mine production. According to the World Gold Council, total gold mine output in 2019 came in at 3,463.7 tons. A particularly weak […]

The post Gold Mine Output Falls for First Time Since 2008 appeared first on SchiffGold.com.



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Fed Holds Interest Rates Steady; QE Marches On

The Federal Reserve held its first Federal Open Market Committee meeting this week. As expected, the central bank held interest rates steady but the overall posture of the Fed came off as rather dovish. Quantitative easing will continue into the near future and Fed Chairman Jerome Powell left the door open for future rate cuts. […]

The post Fed Holds Interest Rates Steady; QE Marches On appeared first on SchiffGold.com.



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Wednesday, January 29, 2020

Daily Digest – 1/29/ – Despite insurance gains, more people in the U.S. can’t afford doctors, What’s in a Moon Name?: A Guide to Lunar Labels

Economy

Despite insurance gains, more people in the U.S. can’t afford doctors

Over the past two decades, the proportion of adults without insurance dropped to 14.8% from 16.9%, the study found. But during this same period, the proportion of adults unable to afford doctor visits climbed from 11.4% to 15.7%.

In study of nation’s 75 largest cities, Chicago ranks next to last in fiscal health

Based on 2018 audited financial statements, Truth in Accounting gives Chicago an “F” with a debt burden of $34.4 billion; that’s $37,100 per taxpayer. New York ranked last, with $186.7 billion, or $63,100 per taxpayer.

$1.7 trillion surge: World’s pile of negative debt jumps by the most since 2016

That means no immediate relief for markets that had started to feel the burden of negative yields lift. Last week brought the addition since mid-January to about $US1.5 trillion and the pile overall to $US12.4 trillion – the highest level in two months.

Yields on U.S. 10-year, 5-year TIPS turn negative as virus fears mount

Aside from being a tool investors can use to protect against a pick-up in inflation, yields on TIPS are a barometer of market sentiment about the economy. Similar to a declining U.S. government bond yield, a falling TIPS yield is a sign investors are worried about the prospects for economic growth

A $1.5 Trillion Wipeout and More: Virus Fallout Across Assets

A quick tally shows the coronavirus has wiped $1.5 trillion off the value of world stock markets since Jan. 20, when a slide in Hong Kong shares kicked off concerns among traders. Yet with Chinese and Hong Kong exchanges shut for an extended holiday, that’s a lowball figure.

Coronavirus is becoming more contagious, Chinese health authorities warn (Thomas S.)

The ability of the new coronavirus to spread is strengthening and infections could continue to rise, China’s National Health Commission said on Sunday, with nearly 2,000 people in China infected and 56 killed by the disease.

A handful of cases have been reported outside China, including in Thailand, Australia, the United States and France, with health authorities around the world racing to prevent a pandemic.

Global stocks slide to two-week low on China virus fears, safe havens gain (Thomas R.)

Stocks markets tumbled worldwide on Monday as investor worries about the potential economic impact of the coronavirus drove up prices of safe-haven assets such as the Japanese yen and government debt.

China’s yuan slid to a 2020 low and commodity-linked currencies such as the Australian dollar fell on mounting concern about the coronavirus. The yen was the main beneficiary, though its move higher was limited.

Tomorrow’s Rebellion Will Be Mass Entropy (thc0655)

There will be no Third Amerikan Revolution. There will be no mass civil disobedience. People will not take it to a bunch of streets where the homeless people poop with impunity. Death will come for the declining empire in a much more insidious fashion.

Negligence will kill far more than nuclear exchanges. Disunity will not explode in conflict. It will lead to an unstoppable sitzkrieg by the masses of the apathetic.

Energy

Rolls Royce Looks To Disrupt The Nuclear Industry (michael s.)

Though nuclear energy has been struggling to stay afloat in recent years, one luxury carmaker is betting big on a new innovation that could disrupt the entire industry

The nuclear energy industry has been struggling to stay afloat in countries that were once nuclear powerhouses. Japan has all but turned its back on nuclear after the Fukushima tragedy in 2011, after which they immediately shut down all of their reactors.

Environment

What’s in a Moon Name?: A Guide to Lunar Labels (Thomas R.)

Your guide to watching the moon… in all its forms.

Super blue blood moon. Blue blood wolf moon. Blood harvest supermoon. (My favorite.) The moon has been given a number of names that describe it at different phases and stages—

Gold & Silver

Click to read the PM Daily Market Commentary

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. 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.”

The post Daily Digest – 1/29/ – Despite insurance gains, more people in the U.S. can’t afford doctors, What’s in a Moon Name?: A Guide to Lunar Labels appeared first on Peak Prosperity.



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Coronavirus Update: The Calm Before The Storm

The sudden lack of new information coming out of China has Chris spooked.

He walks us through the math here, showing how if the coronavirus follows its current geometric growth, over 100 million people could be infected by the end of February:

Don’t take today’s lack of ‘news’ as meaning the threat from this virus is dying down.

This could very likely just be the calm before the storm.

Be sure to stay up-to-date on Peak Prosperity’s ongoing full coverage of the coronavirus outbreak by visiting here.

The post Coronavirus Update: The Calm Before The Storm appeared first on Peak Prosperity.



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Multi-Billionaire Hugo Salinas Price Says Lords Of Money Pushing Global Turmoil But Wildcard China May Return The World To Gold

With chaos, today multi-billionaire Hugo Salinas Price said the "Lords of Money" are pushing global turmoil but wildcard China may return the world to gold.

The post Multi-Billionaire Hugo Salinas Price Says Lords Of Money Pushing Global Turmoil But Wildcard China May Return The World To Gold appeared first on King World News.



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Coronavirus Spreading Like Wildfire with John Rubino

from Financial Survival Network

John Rubino returns… Something bad was always going to happen. Whether this is it or not, we don’t yet know. This virus is contagious before the symptoms show up. With people traveling all over the world, there’s no way to contain it. It’s already having an impact. China is already on lock-down and there’s been rioting Hong Kong over plans to place victims in public housing. Closing down of international trade could result and that will cause central banks to cut rates.

Click Here to Listen to the Audio

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Bull Market Ending Due to Coronavirus? with Crista Huff

from Financial Survival Network

Crista Huff is the lead analyst of Cabot Undervalued Stocks Advisor. With the virus outbreak, she says to expect travel stocks to be hit. International trade will be inhibited and limited. Crista says we’ve been due for a correction and that the market could fall for any reason at all. Corrections are perfectly normal and happen regularly. Is now the time to be taking profits and putting stop loss orders in place? It’s difficult for individuals to properly implement them. They should be using specific dollar amounts and not percentages. Crista is also bullish on dividend stocks. She’s got a whole list paying 4-7%. And she passes along some great advice on when to sell them.

Click Here to Listen to the Audio

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Coronavirus Fears, Gold, China And Commodities

Here is an update as fears continue to mount about the coronavirus, plus a look at gold, China, and commodities.

The post Coronavirus Fears, Gold, China And Commodities appeared first on King World News.



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Ancient Egypt: Silver to Gold Ratio of 1:1

Many of SchiffGold clients hold silver patiently waiting for a drop in the silver to gold ratio. I am very much one of these patient holders of silver. For those who aren’t familiar, the silver to gold ratio is exactly as it sounds: the price of gold stated in ounces of silver. Today the silver […]

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CBO: Massive Budget Deficits Pose “Significant Risk” to Economy

The CBO projects the federal government will run massive budget deficits into the foreseeable future and says the ballooning nationals debt poses “significant risk” to the economy and financial system. According to the CBO, the federal budget shortfall will hit $1.02 trillion in FY 2020 and rise into the foreseeable future. Deficits will average $1.3 […]

The post CBO: Massive Budget Deficits Pose “Significant Risk” to Economy appeared first on SchiffGold.com.



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Tuesday, January 28, 2020

What The 1918 Spanish Flu Can Tell Us About The Coronavirus

Given the continued spread of the Wuhan coronavirus, we urgently reached out to John Barry, author of the award-winning New York Times best-seller The Great Influenza: The Epic Story of the Deadliest Plague in History.

Two years ago, we interviewed John about the expected implications should a pandemic of similar scale break out in today world. Little did we realize at the time how quickly his insights would prove relevant.

John was the only non-scientist to serve on the US government’s Infectious Disease Board of Experts and has served on advisory boards for MIT’s Center for Engineering System Fundamentals and the Johns Hopkins Bloomberg School of Public Health. He has consulted on influenza preparedness and response to national security entities, the George W. Bush and Obama White Houses, state governments, and the private sector.

John remains quite concerned at how the world’s readiness for a pandemic is woefully lacking, exacerbated by the hyper-connectedness of our modern society (i.e., the ease and speed with with people can travel):

An often-overlooked part of the damage a virulent pandemic can do is its impact on supply chains and the economy.

If you’ve got 20 to 30% of your air traffic controllers sick at the same time, what’s that going to do to your economy?

Most of the power plants in the United States are still coal powered. They get their coal, most of them, from Wyoming. You see these enormous trains – that’s a highly skilled position, the engineers who move those trains which are a mile and a half long. Suppose they’re out. You’re not going to have power in many of the power plants.

These are things that we don’t automatically think of as relating to a pandemic. Even a mild one that makes a lot of people sick without killing them will wreak an economic impact.

In terms of the health care system, practically all of the antibiotics are imported. If you interrupt those supply chains then you start getting people dying from diseases that are unrelated to influenza that they would otherwise survive. We had a small example of that with saline solutions bags which were produced in Puerto Rico. Because of the hurricane, Puerto Rico was no longer producing them; so we had tremendous shortages in those bages after the hurricane. Other suppliers worldwide have picked up the slack, so that’s not a problem today.

But in a pandemic, you’re going to have supply chain issues like that simultaneously all over the world. So you’re not going to be able to call on any reserve, anywhere, because everybody’s going to be in the same situation whether you talk about hypodermic needles or plastic gloves — any of that stuff. The supply chain issues in a moderate pandemic are a real problem. If you’ve got a severe pandemic, the hospitals can’t cope. There are many fewer hospital beds per capita than there used to be because everything has gotten more efficient. In this past year’s bad influenza season, many, many hospitals around the country were so overwhelmed they all but closed their emergency rooms and weren’t talking any more patients for any reason.

There’s just no slack in the system. What efficiency does is eliminate as much as possible what’s considered waste, but that waste is slack. And when you have a surge in something, you need that slack to take care of the surge. If I were grading generously I would give us a D in terms of overall preparedness. If we had a universal influenza vaccine, maybe we’d be relatively okay, but we don’t.

And while good data is scarce in these early days, what we do know so far about the coronavirus does not encourage him. If the virus is indeed as contagious as suspected, he sees no hope of containing it before it becomes widespread:

Understanding the incubation period is very, very important.

The critical question is: Can you infect someone else when you’ve been infected but don’t have any symptoms?

The Chinese have made statements that they think that’s the case. If that’s in fact true, then there’s no chance of controlling this.

Exacerbating things, when facing an influenza pandemic, you have to sustain anything that you’re doing to be successfully preventive. And that’s extremely difficult for a public health official to get the public to do; sustaining the right behavior.

Unless you get in the habit of washing your hands all the time — and do it constantly, three, four, five days after you start doing it — you’re going to get tired of it. But that kind of behaviour has to be sustained to be effective.

I guess I’m a pessimist when it comes to changing human behaviour, even something as simple as handwashing — and good luck trying to prevent people from touching their mouth or eyes.

Even the “good” masks, like N95 respirators, have to be fitted almost perfectly for them to be effective. And they’re uncomfortable.

So for those who get sick, just stay home. It’s that simple. That runs counter to American culture; you’re supposed to tough it out — you’re sick, you go into work. But in this case, that’s not useful. Employers should emphasize that to their employees: If you’re sick, stay home.

Click the play button below to listen to Chris’ interview with John Barry (43m:34s).

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The post What The 1918 Spanish Flu Can Tell Us About The Coronavirus appeared first on Peak Prosperity.



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