Tonight’s horrifying archive of how fear and panic are destroying our economy, our freedoms, and our way of life.
Watch: Philadelphia Man Dragged Off Bus By Cops For Not Wearing Face Mask | Zero Hedge
British Suicide Rate Soars To Record High | Zero Hedge
Singapore Oil Trading Giant On Verge Of Collapse After Banks Freeze Credit Lines | Zero Hedge
‘Breadlines’ Erupt Across America As Lockdowns Crush America’s “Working Poor” | Zero Hedge
Bailouts Destabilize The Economy And Over-Inflate Asset Prices | Zero Hedge
Car Sales In China Crash 40.8% YoY In March | Zero Hedge
Google/Apple JV’s Dystopian COVID-19 Tracker Could Be Straight Out Of Orwell’s 1984 | Zero Hedge
Wall Street Has Now Morphed Into A Full Blown Soviet Sausage Factory | Zero Hedge
Congress Hears Options—And Concerns—for Using Smartphone
Record Bankruptcies Predicted in Next Year as Unemployment Soars
LA County Extends Stay at Home Order to May 15 – Variety
Reopening New York will require massive testing | FOX 5 New York
Italy extends lockdown despite business pressure
Beverly Hills Orders People To Wear Face Masks Whenever They’re Outside – Deadline
News Media Outlets Have Been Ravaged by the Pandemic
Truckers Delivering Goods Struggle to Find Bathrooms, Rest Stops
Fourth of July events being canceled due to pandemic | Raleigh News & Observer
Voting in a pandemic: Officials sound alarm about November elections – CBS News
Reblogged this on uwerolandgross.
Couldn’t agree more. The damage to the US and world economies, and ultimately the physical health of many, will be far, far worse than what has been caused by Covid-19 and its virus directly. And let’s not even mention the long term consequences of the expansion of the deep, welfare state, including vastly heightened authoritarianism and greatly diminished personal liberties. Once assumed/granted, rarely do governments voluntarily relinquish their expanded powers…
You may have covered this already, and my apologies if I overlooked it, but the politicization of the Fed and expanding its reach directly to private industry, including highly marginal companies, is equally disconcerting.
Peter
The complete politicization of the Fed is indeed disturbing. I haven’t said much about it, but I think it bodes ill for the future. A politicized Fed owning equity in private companies sooner or later will politicize those companies. It’s creeping nationalization. Japan is well down that road.