Biden's $1.9T stimulus plan is a 'bailout' for blue states' bad lockdown policies: Waltz

Waltz said on "Fox & Friends" that he views the measure as a "bailout" for Democrat-run states, such as New York and California, which did not handle the COVID-19 pandemic as effectively as Florida.

REP.  MICHAEL WALTZ: This is a bailout package for blue states for their bad policies, for their lockdown policies. The best stimulus that we could have as a country is to allow the economy to smartly and safely open like we have done in Florida. Kids have been in school in person since last August. And we are not having a statewide meltdown. 

You can wear masks and space out and go to school because we take the approach of letting business owners and individuals and families make those smart decisions, rather than these mass policies from lockdowns and our numbers aren't any worse or aren't any different than California and New York, but, you know, now they have these massive state budget deficits. 

They have to fill that hole. States have to balance their budget, the federal government doesn't. So AOC and now Joe Biden are going to the big piggy bank in the sky that prints nonstop money. Here is the thing, our spending package that we passed was $1.5 trillion. 

We have now spent over six trillion and counting and bringing it full circle to the bigger picture, you know, the Chinese military, their command is counting on this country going bankrupt before they then make their big moves around the world. And every estimate I have seen has accelerated that between 2024 and 2026 now with this additional spending. 

Scariest chart of the week?

My friend sent me a chart, which I wish I could share with you on Halloween eve as he called it the scariest chart of the week.

How scary? First look at this picture, the scariest balking bitch you can find at the moment😏😇 By the way, bitch is a kind of female dog, malicious though. That's why it really fits this guy perfectly in my mind!

Joking aside, here the chart.....

This is a chart of the Volatility Index for the Russell 2000 (RVX). And, the more I look at it, the more I also believe it's perhaps the scariest chart in the market. But you need some basic TA knowledge to understand it. 

In a nutshell, RVX is showing a quite bullish configuration by closing above all of its various moving average lines. More specifically, the short 9-day EMA (red line) above the 20-day EMA (green line), and the 20-day EMA above the 50-day MA (blue line). Technically speaking, this is called golden cross, often leads to a powerful breakout. A similar setup was seen back in Feb last year also shown above, which led to an explosive move shortly afterwards. When volatility moves up, it usually means an explosive plunge for the underlying index tracked by the volatility.  

Of course, there is no certainty that the market must go as it seems to be poised. This is especially true about the timing. Oftentimes, the Market God just gives some hint what he is going to do without telling us when that will happen. But time and time he has demonstrated his mighty power to punish those who ignore his signals. I think no difference this time.  My best guess is that the market may continue to chop around for some time to allure more FOMOs into the game before a fatal strike comes! I won't be surprised to see something similar to last Mar to hit the market again in the next few weeks. May not be as severe as it was but likely equally powerful in terms of the extent for the panic it will cause. 🤕

By the way, if you don't know yet, there is another brand new social media, SafeChat, available now. Per SafeChat,  it is a secure & safe social platform run to a high moral standard—they put people first. Secure Chat - They have end-to-end encrypted conversations to protect users. - One to one video and audio call with end-to-end encryption. - Password protection available for every group conversation. It basically combines all the major functionalities of social media into one powerful platform and most importantly it is much safer than the junky social media like WC, FB or Twitter that are deteriorating morally faster and faster.

I have registered as 深山老林 at SafeChat and I will set up a new chat group and gradually shift our major social media interactions to SC instead of WC. If you'd like to join my group, sign up a free SC account easily and search for me and connect me as friends.  For friends sharing  similar conservatism views, let's come together to form a better chatting group that won't be constantly disturbed and harassed by radical censorship! 

Where Bitcoin is heading?

 This week, Bitcoin, the mother of volatility has shown its roller coaster nature: In less than seven days, we've seen the digital currency move from the low $30,000s to come within striking distance of $42,000… and back down to the low $30,000s before stabilizing in the $34,000 range. 

Has Bitcoin done its correction that I have been expecting lately? I don't think so. I believe more downsize is likely still in the works!

Although there is no strict rule on how a stock or a tradable asset must follow a certain path, more often than not, they tend to follow some pattern. Here is what I'm thinking in terms of where Bitcoin may likely head in the next few weeks.  

This is a Bitcoin chart with blue lines plugged, which are so-called Fibonacci retracement levels.  You can use the Fibonaccis with just about everything you can trade – stocks, currencies, oil, coffee – name it. They're perfect for working out intermediate- and long-term support levels and buying opportunities – places the prices are likely to stop on the way down.

So here is some important interpretation for Bitcoin: it has just hit an all-time  high of $40,000 recently – that's the zero point for the FRL. By rounding up, its first retracement level will be roughly 38%, i.e. around $28,000, then at 50% retracement at $24,000, and finally at 61% at $21,000.

For a weak correction, the 38% retracement is the first line as support. If not held up, then the 50% retracement will come into play, which is usually a rather strong support if the trend is still in a good play. Given how much hype has already been built into Bitcoin at the moment, I think there is a good chance that it may not stop at the $28000 level on its leg down. Rather we may see it back down towards $24000 before the correction is finally done. This is how I'm looking at Bitcoin at the moment. I definitely don't want to chase it now for its seemingly powerful rebound. This is likely a typical bull trap during the topping process. This is often the area most FOMOs will get killed. Be mindful if you love chasing!!

By the way, if you don't know yet, there is another brand new social media, SafeChat, available now. Per SafeChat,  it is a secure & safe social platform run to a high moral standard—they put people first. Secure Chat - They have end-to-end encrypted conversations to protect users. - One to one video and audio call with end-to-end encryption. - Password protection available for every group conversation. It basically combines all the major functionalities of social media into one powerful platform and most importantly it is much safer than the junky social media like WC, FB or Twitter that are deteriorating morally faster and faster.

I have registered as 深山老林 at SafeChat and I will set up a new chat group and gradually shift our major social media interactions to SC instead of WC. If you'd like to join my group, sign up a free SC account easily and search for me and connect me as friends.  For friends sharing  similar conservatism views, let's come together to form a better chatting group that won't be constantly disturbed and harassed by radical censorship!  

Investors were optimistic, now euphoric

by SentimenTrader 

If you're invested in one of the groups that has skyrocketed in the past couple of weeks, then it would only be human nature to feel a little giddy. Euphoric, even.

Based on a popular model, that's exactly how many investors are feeling at the moment, as the Citi Panic / Euphoria model has soared to a record high.

We created a proxy model using publicly available inputs, and it shows a fairly clear contrary nature - when it's high, the S&P's returns over the next year tend to be low; when the model is low, the S&P's returns are high.

Whenever this proxy was above 1, occurring about 14% of the time since 1988, the S&P 500 returned an annualized -3.7%, compared to an impressive +21.4% when it was below zero.

Even though this proxy isn't as extreme as the one shown above, it did just record the 3rd-highest reading in 30 years.

《我为什么突然变成了川普的支持者》

日前，万维网友Next在万维《茗香茶语》论坛发表题为《我为什么突然变成了川普的支持者》的评论文章，文章说：

2020年5月之前，我一直是川普的反对者。然而五月份时CNN的一条新闻标题让我吃了一惊，题目是：Trump wrongly accused Harvard taking small business rescue fund，翻译成中文就是：川普无理谴责哈佛大学拿取小企业援助资金。乍一看这个标题，以为川普又在胡扯乱讲了。但事实的真相完全不是如此。在美国政府新冠病毒的援助基金中，有一项是给小型高校的。然尔哈佛斯、坦福普、林斯顿等名校，由于资源多关系广，捷足先登，拿走了一大笔。川普总统知道后非常气愤，让他们退回。斯坦福、普林斯顿等都照办，只有哈佛找出种种借口，坚决不还。川普于是公开谴责，说一定要让哈佛把钱吐出来。但在讲话时将钱的来源说成是小企业援助基金。这完全无关紧要，一贯反川的CNN却用这种标题，误导民众，抹黑川普。如果我没有事前知道事实真相，肯定也不会深究，以为川普又在信口胡说。

这件事让我对美国主流媒体几年来铺天盖地的反川报道评论有了怀疑，于是进行了一些了解。结果发现媒体对川普非常不公平，大部分都是似是而非的误导扭曲，有些甚至是无中生有。下面例举几件被媒体炒作的最凶的事情真相。

1，川普是个毫无信用的奸商，多次宣布破产来赖帐。对此我以前就有个疑问，既然他一再借钱不还，为什么银行还不断给他货款？另外为什么没有一篇文章详细报道他如何赖帐，赖了多少，让什么人蒙受了多少损失等细节？原来事出有因，宣布破产是美国商人，特别是房地产业开发商常用的手段，目的是避税。而合法避税几乎是美国所有富人都干的事，手段五花八门，什么都有，比如多如牛毛的慈善基金。也就是说川普破产并没有导致其他人受损，反而得利，因为少交税。媒体也深知里面的奥妙，因此只是泛泛地说川普多次宣布破产，让人觉得他是奸商。一旦深入报道，大家就明白了是怎么回事，影响也就有限了。更重要的是，这要牵扯出无数的富人合法避税一事。需要指出的是，很多美国人并不认为交税就是好人。把钱给政府去浪费瞎搞反而是坏事。

其实川普非但不是奸商，反而非常慷慨大方。他曾一次送给拳王泰森八千万美元之巨。因为他曾为泰森当经济人，将泰森的比赛安排在他在大西洋城的川普酒店进行，几次下来，双方都赚了不少钱，而川普酒店也因此提高了知名度。这八千万是按合同双方分成以后川普额外送给他的。至于他一顿饭吃了十几块钱却给服务员几百几千小费的事，不计其数。川普是唯一将年薪全部捐出的总统。川普的女儿在其父当上总统后，为了避嫌，立即将与国外有瓜葛的公司关闭，损失重大。这与拜登儿子以付总统之子的身份在国外招摇撞骗，大搞腐败骗钱完全是天地之别。而这些事主流媒体鲜有报道。

2，以CNN，纽约时报，华盛顿邮报为首的极端左翼媒体大肆宣染川普是破坏美国民主制度的独裁者。这完全是一派胡言。川普在任四年，没有做一件在法律授于总统权力之外的事。这次他对选举结果有异议，也完全是按法律程序进行抗争，这是每个公民的权利。当年民主党高尔不服败选，也是一直闹到最高法院，拖到一月份，而左翼媒体并无异议。这次却以此作为川普破坏民主的主要根据。川普鼓励他的支持者去游行示威，更是民主制度的重要组成部分，只有独裁者才害怕民众上街游行。左翼媒体却以此宣称川普破坏民主，完全是颠倒黑白。

3， 新冠病毒流行最为兴奋的就是极端左翼媒体。他们平时就唯恐天下不乱，这次正好借机危言耸听，把灾难全归到川普头上。但我从头到尾仔细研究了一下，极端媒体攻击并没有实质性内容，唯一能落到实处的就是川普没有号召大家戴口罩。而戴口罩无用是美国疾控中心CDC首先说的。CDC甚至还说即使N95口罩对普通老百姓也没用，因为他们不会正确使用。福奇就在电视上公开说过几次，无病的人无需戴口罩。CDC被认为是疾病预防的权威机构，川普当然要听他们的。CDC后来改口，但其反复无常，权威已失，很多人不再信任CDC。CDC和FDA这次表现非常差，早在去年一月川普就拔給他们九十多亿美元专门用来防止新冠病毒。CDC测试方法却半天搞不定，搞好后试剂分发过程又出了错。而这时很多公司实验室都有了测试方法，但FDA不批，使美国错过了防范的最佳时机。

这次病毒是全世界范围的，没有地方能幸免，加罪于川普是严重不公平。欧洲并没有川普，很多国家都是极端左倾当政，情况并不比美国好。美国国内也是如此，病毒首先爆发的就是民主党左翼当政的纽约，麻省，华盛顿州。现在搞的不可收拾是加州，更是民主党左翼的重灾区。

与极端媒体攻击的相反，川普在这次抗病毒中做得非常好。他知道动不动就全城封锁限制自由的方法在民主国家既不可能，也无必要。而且这是治标不治本，病毒可以随时再出现，防不胜防。他集中于根治病毒的唯一科学方法，那就是疫苗。他顶住来自所有方面的压力，坚持要求疫苗在十一月前搞出来。当时几乎所有人都认为他发疯了，因为以往一个疫苗的研发要7到10年时间。极端左翼媒体更是以此对川普猛烈攻击，说他一派胡言，只是为拉选票，疫苗最早也要到2024年才能出来。但川普不为所动，充分利用美国雄厚的经济科技实力，分拔巨大资源，组建由一流疫苗及后勤专家的团队，全力推进。这里还有非常重要的一点是川普对FDA等官僚机构严厉督促，扫除障碍。比如辉端的疫苗数据递交给FDA后，FDA以科学严谨为理由，半天没有动静，不予批准。川普不明就理，当然只能等，直到英国首先批准了该疫苗的消息传来。川普立即严厉责问FDA头头，为什么美国没有动静。FDA这才加快进度，一个多星期后召开专家评审会。专家通过的当天，川普对FDA头说如果今晚不完成批准程序，你就立马走人。否则FDA还要拖到下星期。这都是大选结束以后的事，可见极端左翼媒体的攻击毫无根据。这种事也只有川普能做出来。拜登之类混迹政坛多年的职业政客党棍，只是整天泛谈政治正确的废话空话，迎合媒体，决无勇气去得罪媒体官僚。

由此可见，这次疫苗能以史无前例的速度出来，川普居功至伟。换成任何另一个人当美国总统，我们只能等到2024年才能有疫苗。就此一项，川普就应该得诺贝尔和平奖。

+++++++++++++++++++++++++++++++

This is where the media censorship will lead us to...

By Jeff Brown

(Excerpt)

And with this censorship, Google, Facebook, Amazon, and Apple removed the speech of millions of Americans. Again, this isn't about any one person. In fact, no one person could ever cause the kind of societal damage these four companies have just done.

They crossed the line, and they stole a fundamental right of all Americans.

Our strength is in our diversity of thought, and the diversity of our backgrounds. It is what has made the U.S. the largest and most successful economy in history.

And this diversity of thought is being undermined by an oligopoly of tech "elites."

For those of us wondering how this will end – sadly… not well.

If we'd like to understand what happens next, we can have a quick look at Hong Kong. The Chinese government is using a national security law to block access to HKChronicles, an opposition website that has published first-hand accounts of the anti-government protests that occured in 2019. Imagine if our local internet service providers stepped in and decided which websites we can and cannot visit.

And there's potential for even worse violations of both our privacy and basic freedoms. We should remember that Google and Apple deployed contact tracing software on every single Android-based and iOS-based smartphone. This was forced upon all of us. If we want to use a smartphone, we have no choice but to use the software – it's not optional.

Google and Facebook have amassed massive dossiers on every single one of us. For the most part, they probably know us better than we know ourselves. And because of that, they can influence or control outcomes.

Imagine a world where:

• We might be denied access to a conference because of our beliefs

• We are denied access to a store or a restaurant because we supported one political candidate or another

• We are deprioritized to receive medical care because our beliefs aren't consistent with that of the hospital administration

• Books are banned or censored because they are not consistent with a school's "core values"

• Employment is denied to those who have "different views"

Is that the world that we want to live in? Is that a world that will result in strong economic growth and opportunity? Is that a world that will result in more or less hatred and discrimination?

Hopefully, we all know the answer.

25 Insane, crazy agendas the fake government will push on America if they seize power after rigging the elections

25 Insane, crazy agendas Joe Biden and Kamala Harris will push on America if they seize power after rigging the elections

Sunday, January 10, 2021 by: Mike Adams

 

 

After rigging the elections and staging the January 6th false flag "riot" at the capitol building in D.C., Democrats have some horrifying plans to roll out in their quest to achieve a full-blown Orwellian nightmare future for America… or at least what's left of it.

With the rule of law now utterly rejected by every layer of the judicial system in the nation — including SCOTUS — there is no longer any controlling legal authority which will halt the rapid advance of the Left's most ambitious agendas. And with Democrats now proving they can steal elections right in front of us, even with overwhelming evidence literally recorded on video cameras as the ballot counting crimes took place, they know nothing can stop them from fulfilling their most crazed visions of a Marxist society rooted in authoritarianism, censorship and lies.

Big Media, Big Tech and Big Government have now merged into one gargantuan monstrosity which allows no dissent and no challenges to its power. Obey or be crushed. Parler is being steamrolled by Apple as a demonstration of what happens if you dare suffer under the illusion that such a thing as the First Amendment even exists in this country anymore.

But that's only the beginning. What comes next — if Trump and the Pentagon don't stop Biden first — will rupture this nation to its core.

Here's a list of 25 things that Democrats will likely try to implement in America, especially given that the GOP has proven itself to be completely useless at stopping the lawlessness of the Left. There was once a time when the GOP promised that if we voted for them, they would protect us from the most insane policy nightmares of the radical Left. But as of January 6th, the GOP has joined the radical Left in betraying America, and there is no longer any point in voting for any GOP candidate ever again.

25 things the Democrats will likely push if Biden is installed as president

1. Enforce nationwide mandatory masks and mandatory vaccines, all under fear of arrest.
2. Declare the Insurrection Act under Biden and weaponize the US military against patriots and Trump supporters by labeling them all "terrorists."
3. Run a new slew of false flag operations to further paint Trump supporters as violent insurrectionists. The very same crisis actors used in the Jan. 6th riots are available for more acting gigs, and they already own all the MAGA gear to wear as costumes for CNN's cameras.
4. Use forced "covid" lockdowns to further crush the US economy and drive the population onto government subsidies and food stamps, placing most Americans under the control of the regime.
5. Raise the minimum wage to $23 per hour, across the nation, causing a total collapse of the small business sector and driving tens of millions to unemployment and homelessness.
6. Tear down the border wall and encourage millions of illegals to swarm into America where they receive voting cards and instructions to vote for Democrats.
7. Outlaw all AR-15s and semiautomatic rifles, destroy the Second Amendment and confiscate all guns held by private citizens. (That's about 500 million guns, by the way.)
8. Ban arm braces, 80% lowers, standard capacity magazines and most ammunition in order to disarm the public and make it easier for the Biden administration to achieve its goal of genocidal extermination of Christians, Whites and Trump supporters.
9. Crank up the money printing machines and create trillions in new debt to bail out Democrat-run cities and states. This will further destroy the dollar and lead to a financial collapse during which people who still hold dollars as currency will lose everything. (Anyone stupid enough to put their savings into dollars is about to learn a very expensive lesson about fiat currency collapse that has been repeated throughout world history.)
10. Protect Big Tech and its censorship regime in order to achieve total information dominance over America, snuffing out all independent or dissenting voices by any means necessary, including de-platforming, lawfare, economic warfare or threats of arrest.
11. Enact new carbon taxes to loot the people for driving cars, buying food or using electricity. Control human behavior through carbon allotments, and punish those who speak out against the new "green tyranny."
12. Rejoin the Paris Climate Accord and other anti-America trade agreements that Trump rejected, once again placing America at a punishing disadvantage in trade actions with other nations, accelerating the global looting of America.
13. Remove all restrictions on China and invite the CCP to continue influencing America's media, tech giants, stock market and elections, where they already have a strong foothold.
14. Critical Race Theory will be pushed into all public schools as part of the mass indoctrination of the youth with "official" hatred towards Whites, Christians and conservatives. All White people will be marginalized based solely on the whiteness of their skin, all while Leftists claim to be "tolerant" and "inclusive" as long as you're a transgender, a Trump hater or a Person Of Color.
15. Enact government reparations to force White taxpayers to fund new handouts to People Of Color (POC) under the false justification that POC are "victims" and Whites are "oppressors." (In reality, it's White, conservative Christians who are now the marginalized victims in America.)
16. Eliminate $1 trillion in student debt, forcing taxpayers to pay off loans for left-wing university indoctrination training.
17. The NIH will be funded with tens of billions of dollars to create more biological weapons such as covid-21, covid-22, covid-23, all of which will be released to oppress the people through the same series of scamdemic hoaxes we all endured in 2020.
18. Launch nationwide arrests of pro-Trump conservatives to be placed into FEMA camps or executed as "traitors" after being labeled insurrectionists. The very same "resistance" that the Left celebrated for four years under Trump will be criminalized and prosecuted under Biden.
19. Pursue economy-crushing "Green New Deal" policies that will crush America's economy and lead to mass famine due to the collapse of farming. Starvation is a desired policy of the Left because they want the masses to be completely dependent on government handouts for food, housing and health care.
20. Install more compromised voting machines across America so that Democrats never lose another election again. The ideal scenario for Democrats is to achieve a state where the votes of real voters no longer matter at all. That was already achieved on November 3rd, 2020.
21. Use widespread eminent domain laws to seize rural land and drive people into the Agenda 21 cities where they are easier to control and monitor. Use 5G Internet-Of-Things surveillance to track the movements and speech archives of all individuals. Roll out a Total Information Awareness techno-fascist police state under the banner of "security."
22. All private health insurance will be outlawed, and healthcare rationing will be put in place, including death panels to decide who lives and who dies. Have no illusions: White people will be deemed to have no value in society whatsoever, so Whites will be killed first.
23. Purge the entire history of Trump from the internet and the White House archives, seeking to erase and rewrite history in classic Orwellian fashion. Purge all evidence of the election rigging crimes of the Democrats and erase all evidence of vaccine harm or the laboratory origins of the coronavirus.
24. "Anti-terrorism" laws will be invoked to cut off banking and all financial services to those who express dissent toward the authoritarian Biden regime. Any person flagged by the new social credit scoring system will be denied access to air travel, grocery stores or voting locations, much like is currently done in communist China.
25. The First Amendment will be nullified by new "hate speech" laws which will be upheld by the traitorous US Supreme Court as "justified" due to "right-wing violence."

Get ready for what is coming for your 401K when the fake president takes the power

Since we will get the fake president into power soon, from now on, I'll share some interesting information regarding what may happen financially when the cheater starts to work to steal our money after stealing our votes. Here is one regarding 401K per his current policy. I guess anyone who supports him should be happy to see your dream become realized.....More to come.

*************************************************************************

Excerpt from 5 Min. Forecast

Now... with Democrats soon to control the White House, House and Senate… we turn our attention to the prospects for your 401(k).

• The short version is that Biden wants to apply a wicked-complex formula that will limit the 401(k)'s advantages once you get into the highest tax brackets.

From Biden's campaign website: "Current tax benefits for retirement savings provide upper-income families with a significant tax break, while providing a limited benefit for low- and middle-income workers."

To remedy that perceived imbalance, the current deduction for 401(k) contributions would be turned into a tax credit of 26%.

Yeah, we know. Clear as mud. And even that thumbnail sketch is oversimplifying, but let's not get too deep in the weeds. Let's just break it down like so.

Higher earner, current system: A single person makes $100,000 and sets aside 10% in a 401(k). That's $10,000 in retirement savings. At a 24% marginal tax rate, this individual lops $2,400 off his or her tax bill.

Lower earner, current system: A single person makes $40,000 and also sets aside 10%. That's $4,000 in retirement savings. Because this individual is in the 12% tax bracket, the tax savings work out to only $480.

Higher earner, Biden proposal: The single person still makes $100,000 and still sets aside 10%, or $10,000. A 26% credit on that $10,000 translates to a $2,600 tax savings.

Lower earner, Biden proposal: Again, we're talking about a single person making $40,000 and setting aside 10%, or $4,000. A 26% credit on that $4,000 translates to $1,040 in tax savings.

So far, so good. Everyone's better off, and the lower earner substantially so. But hold on...

• "It's a true redistribution-of-wealth proposal," CPA Jeffrey Levine told CNBC last fall.

See, Team Biden is keen to keep the proposal "revenue neutral" — that is, Uncle Sam's total tax revenue won't take a hit.

To meet that goal, there's definitely a soak-the-rich angle to the proposal once you leave the 24% tax bracket and enter the 32% bracket. For 2021, that's $164,926 of taxable income for singles and $329,851 for couples.

So let's take the example of a single taxpayer making $175,000 and setting aside 10%, or $17,500. Under the current system, that translates to a tax savings of $5,600. But under the Biden plan, the tax savings is only $4,550. Stealth tax increase.

The numbers only get worse as you climb into the 35% and 37% tax brackets… and let's not forget Biden wants to raise the top rate to 39.6% on incomes over $400,000. (His campaign website was never clear on whether that was single or joint returns.)

To be clear, these are all ballpark numbers. There are any number of permutations at work that would turn our 5 Mins. into an hours-long discourse. (For instance: Under the current system, 401(k) contributions lower your taxable income dollar for dollar. So under the Biden plan, everyone's taxable income ends up rising.)