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Fed Watch with John Titus
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Comparison of Cities with Fed HQ (1), Federal Reserve Bank HQ (12), and branches (25) with Violent Riots

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39 Comments

  1. There will be a lot of chatter in the next few days about Juneteenth, so I thought everyone would like to bone up on the historical fact that this was actually the date of a postwar MILITARY ORDER to various areas of the state of Texas to abide by the civilian Chief Executive’s (Abraham Lincoln’s) order to desist in the claim on slaves (who were emancipated in 1862, while the war was underway), under penalty of arrest. So, what some may be celebrating is the US military’s intervention in domestic civil affairs. You know, the thing that all the fake-pious last week were apoplectically opposed to. The link, and a photo of the “Military Orders” are from left-leaning Wikipedia. https://en.wikipedia.org/wiki/Juneteenth

  2. I’ve heard of two incidents, in Nevada and Indiana, where posts would be made to HOA/neighborhood watch/social media website about “BLM protesters heading to our area, we need neighbors /esp. veterans/ to come armed to protect order.” I also saw two other such incidents in the news, eg. Idaho:

    https://www.washingtonpost.com/national/protests-armed-white-vigilantes/2020/06/04/09e17610-a5bb-11ea-b619-3f9133bbb482_story.html

    It seems ‘someone’ is trying to stir things up with an eye towards creating chaos.

    Also a good read about ‘Fortress China’:

    https://nationalinterest.org/feature/fortress-china-what-could-happen-if-beijing-goes-bust-162554

    “The China wave is receding fast, and what will remain is a smaller, more compact, less permeable country that neither welcomes the world in nor is eager to go abroad. Individual Chinese people, of course, will continue to be among the most mobile in the world, just as they were during the high Ming-era of the long sixteenth century. But the country will turn inward, seek to exclude foreign influences, and focus on stability over growth.”

    Which is exactly what is happening. The recent outbreak in Beijing has been traced to a cutting board for imported salmon – prompting a boycott of imported meats and seafood.

    https://www.bloomberg.com/news/articles/2020-06-15/salmon-shunned-in-china-after-link-to-beijing-virus-outbreak

    “The situation drove stocks of local pork producers up on Monday, with Jiangxi Zhengbang Technology Co. jumping as much as 8.6% and Wens Foodstuffs Group Co. climbing as much as 4.7%. The gains were likely fueled by expectations that demand for the [local] meat will rise as consumers shun [imported] seafood, said Ken Chen, an analyst with KGI Securities Co. in Shanghai.”

    Just imagine if they had found the virus 50 cm to the side of the salmon cutting board, in a local food stall. Fortunately, since it’s an imported item, it’s a quick fix and an easy win-win.

    The situation for foreigner-related businesses in China, such as international schools, is becoming very dire. The border may open October, which is too late for the cycle of expat families and students, since schools start August or September. Foreign companies are not paying tuition up front for their employee’s children due to the uncertainty, putting schools in a financial squeeze since they depend on projected tuition to decide their yearly budgets and make hiring decisions. Moreover, there are not enough teachers to go around. They are at about 40-50% capacity at this point, and likely will not fill up before the 20-21 school year. That means foreign companies will need to either convince their China managers to go to China alone and separate with their families, or will need to ask the families to send the kids to school mid-year or mid-semester. Those are tough sells for the HR departments I’m sure. Or they will need manage their China operations remotely, which is also problematic.

    At a certain level, this may turn out to be a ‘be careful what you wish for’ situation, where China begins to close off the local market and manage their imports based on political expediency. They can also really dig in and make this situation last for a while. China may be dependent on imported commodities, but it’s independent for consumer goods. A “Buy Chinese” campaign is a lot easier to pull off than a “Buy American” campaign at this point – both from the supply side (who has the production capacity?), and the demand side (see the salmon situation; consumer demand can be adjusted based on import tariffs / political issues).

    Steve Roach recently had an op-ed about a dollar crash, saying the dollar will decline in value by 35% within the next 1-2 years.

    https://www.cnbc.com/2020/06/15/dollar-crash-is-almost-inevitable-asia-expert-stephen-roach-warns.html

    If we can get out of the BLM fog of war for a moment, is it time to seriously consider this situation Catherine? As they quoted a shopper in Beijing, “As long as you wear a face mask, it should be fine,” said a shopper, Song Weiming. “Anyway, I have to buy food, right?” In the end of the day, we have to eat.

    I’m sure you have addressed this in previous reports, do you have any you could link? And what would be the effect of this, as well as how can people position themselves to absorb the crash?

    We’re getting to a scary point in 4Q when the government cash will end and we will be on a tight rope with no safety net.

    Thank you.

    1. Yes, I have been following Roach. He lays out the bear case well. I very much appreciate all the links particularly Fortress China.

    2. I mean, as long as the Chinese can eat Happy Meal trinkets, they’re fine.

    1. Utterly and completely disgraceful. The city leadership is thoroughly committed to drive out or shut down every lawful small business in the city.

      1. I have no proof of paid trolls, but noticed on Nextdoor app any posts for reasonable city leadership is met with a barrage of anti-police, defund the police, bad police rhetoric – instantly.

  4. Just got report saying Pre-vaccine Covid testing will be required for my job (film and tv production). Don’t know what I can do. I can’t make a living in anything else.

    1. Lots of companies need production in this internet age. What specifically do you usually do? Dave Ramsey is hiring in Tennessee. HSN in Florida. Independent productions. Or push back.

    2. Julian – IF you have any entrepreneur in you (not meant to be a criticism) see how you can sell / train others or to bring a product or service to others. NOW is a great time to look around and WE are our best insurance policies for a steady income. Hope that you stay AWAY from the ‘vaccine’ (cuz it’s NOT a vaccine at all!)

      1. Thanks David, but every entrepreneurial idea I tried for 15 years failed. I couldn’t teach anyone how to succeed with a product or service.

  5. Someone spray painted a huge banner in black at the entrance to our tiny village stating: Black Lives Matter. The next day someone had painted over it in red: Soros.

    Well, we’ll see what happens next.

    1. People are waking up BIG TIME! They (we) all have been hit right in the wallet … people that I didn’t think knew ANYTHING about ‘off topic items’ are now very well schooled.

      For every action there is an equal and opposite reaction.

      Gives me hope ….

      1. The sign is completely gone today. Part of the fence is gone. I don’t know what it means but there it is.

        I agree about the awakening. It seems a hit in the pocket book makes a big effect.

        Praying like never before!

  6. Nurse Blows The COVID Cover!

    If you can or want to handle the truth behind COVID-19, take a look at this 24 minutes video. Inflated numbers and killing patients. She was on the front lines with hidden cameras. The Ultimate Medical Reality Show:

    https://youtu.be/uaSmvGce0Sg

    SCAM-demic

    Sickening and disgusting!!

    1. Yes. I posted her full video last week. She will be the hero this coming week.

  7. 2020 started with a clear shot at a good year, a strong economy and President Trump’s te-election a certainty. I didn’t see anything on the horizon that could shake that up.

    Didn’t think they’d start a germ warfare.

    And so many things affected:

    Pandemic – clearly this is not and no worse than a flu.
    PLANdemic – clearly this was a pre-planned, man made event.
    SCAMdemic – people being scammed with this fraud.
    CONSOLI-demic – With SO MANY businesses failing, the larger big box companies will reap the rewards in future business. (Same thing has been happening with banks in the last 30 years)’
    MEDI-demic – hospitals being paid $39,000 to ‘vent’ a patient vs $4,000 for simple pneumonia. How many people were vented who didn’t need to be and who died (medically murdered).
    POLI-demic – will increase the power of the government.

    The 3 months shutdown just prior to the BLM protests was a perfect combination to supercharge ‘social change’.

    These guys are evil but they sure are clever.

    Stepping up my level of prayers & staying focused on living a free and inspired life!!

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