Trump said the 1918 Spanish Flu 'probably ended' WWII, which did not begin until 21 years after the pandemic – MSN Money

  1. Trump said the 1918 Spanish Flu ‘probably ended’ WWII, which did not begin until 21 years after the pandemic  MSN Money
  2. Trump incorrectly claims 1918 Spanish Flu ended WWII  The Independent
  3. Spanish Flu, WWI and WWII—Key Dates and Facts About the Major 20th Century Events  Newsweek
  4. Trump says 1917 Spanish flu ‘probably ended second world war’ – which started two decades later  The Telegraph
  5. Trump news – live: President says 1918 Spanish flu ‘ended second world war’ before he is whisked out of briefing after shooting outside White House  The Independent
  6. View Full Coverage on Google News

Source: Google News, Trump said the 1918 Spanish Flu ‘probably ended’ WWII, which did not begin until 21 years after the pandemic – MSN Money

More than 100 arrested after massive looting in Chicago | WNT – ABC News

  1. More than 100 arrested after massive looting in Chicago | WNT  ABC News
  2. Widespread looting in Chicago caught on video after police-involved shooting  Fox News
  3. Letters: Mayor Lightfoot, others need to get tough on looters, criminals  Chicago Tribune
  4. Mag Mile looting: Chicago needs leaders, not elected officials looking for scapegoats  Chicago Sun-Times
  5. Chicago looting triggers over 100 arrests, 13 officers hurt as mayor warns criminals: ‘We are coming for you’  Fox News
  6. View Full Coverage on Google News

Source: Google News, More than 100 arrested after massive looting in Chicago | WNT – ABC News

Chicago Mayor Lightfoot pushes back against question about rioters being encouraged by 'lack of consequences' – Fox News

  1. Chicago Mayor Lightfoot pushes back against question about rioters being encouraged by ‘lack of consequences’  Fox News
  2. Letters: Mayor Lightfoot, others need to get tough on looters, criminals  Chicago Tribune
  3. Widespread looting in Chicago caught on video after police-involved shooting  Fox News
  4. Looters are looters no matter what the circumstances  Chicago Sun-Times
  5. Watch Live: Chicago Mayor, Top Cop Address Widespread Looting in City’s Downtown  NBC Chicago
  6. View Full Coverage on Google News

Source: Google News, Chicago Mayor Lightfoot pushes back against question about rioters being encouraged by ‘lack of consequences’ – Fox News

Chicago Mayor Lightfoot pushes back against question about rioters being encouraged by 'lack of consequences'

Chicago Mayor Lori Lightfoot on Monday pushed back after a reporter questioned whether rioters and looters who caused more than $60 million in property damage overnight had been emboldened by the “lack of consequences” during summer rioting in the city after the police custody death of George Floyd.

Source: Fox News, Chicago Mayor Lightfoot pushes back against question about rioters being encouraged by ‘lack of consequences’

Trump whisked away after shooting outside WH

Trump whisked away after shooting outside WH

President Donald Trump was abruptly escorted out of the White House briefing room with no explanation on Monday, shortly after what he later said was a shooting on the other side of the fence surrounding the White House.

“So, thank you very much. Sorry for that. There was a shooting outside of the White House. It seems to be very well under control. I’d like to thank the Secret Service for doing their always quick and very effective work. But there was an actual shooting, and somebody has been taken to the hospital. I don’t know the condition of the person.”

Trump told reporters that no one else was wounded in the shooting and said he had been given no other details at that time.

Source: Yahoo News, Trump whisked away after shooting outside WH

Why 'Fed Bugs' Really, Really Hate Gold

Why ‘Fed Bugs’ Really, Really Hate Gold

Tyler Durden

Mon, 08/10/2020 – 19:55

Authored by Jeff Deist via The Mises Institute,

Judy Shelton, a Trump nominee to the Fed Board of Governors, may not have coined the excellent term “Fed Bug,” but she used it to delicious effect in this 2019 Financial Times interview:

“People call me a goldbug, and I think, well, what does that make them? A Fed bug,” she says.

Can anyone the ​New York Times attacks this dishonestly be all bad?

For our purposes, Fed Bugs are people with a faith-based belief in the power of central banks (and central bankers) to engineer economic growth using “monetary policy,” despite decades of history and current evidence to the contrary. They believe tinkering with inputs and rates and velocity and flows somehow makes us richer in terms of productivity, goods, and services. They believe in financial alchemy, as economist Nomi Prins puts it, rather than precious metals. They believe paper has value so long as government issues it and legislates its use. Most of all, they believe in technocratic control over money in the economy. 

Central bankers almost by definition are Fed Bugs, but so are most monetary economists, financial journalists, and politicians. And they all hate gold with a passion. The reasons why are multifarious, but ultimately flow from their fundamental resentment of any money they do not control and cannot design. Central planning requires central money, and gold stands apart by it very decentralized nature. It is indifferent to human conceptions, and can be discovered and summoned from the earth only with tremendous risk and effort. It cannot easily be manipulated or destroyed, and its value cannot be decreed (though they try mightily). It is unchanging, unyielding, and stubbornly at odds with the political visions of Fed Bugs. 

And so they hate it.

They hate gold because it never goes away and never goes to zero.  It holds monetary value intrinsically, without the imprimatur of a sovereign or government. Gold does not need the state or its bankers to operate as money, because individuals choose it as money on the market century after century.

Even after more than a century of political efforts to erase gold’s status as money, the public still view it as such. Gold quietly serves as a lingering rebuke of the entire political fiat money project—even as central banks are forced by circumstances to buy and hold it as collateral, as the ultimate hard currency and liquid asset for their balance sheets. In fact, central banks steadily bought or repatriated huge amounts of physical gold in recent years, despite the supposedly strong world economy prior to the Covid crisis. 

During the transitional period leading up to the full adoption of the Euro across 12 original Eurozone countries, Germans in particular secreted away millions of Deutschmarks in mattresses, closets, and safety deposit boxes. More than a decade after the Euro came into widespread use, Germans still held €6.6 billion(!) in unconverted Deutschmark notes and coins according to the Bundesbank. The reason for this is very simple: those Germans distrusted, and continue to distrust,  the stability and purchasing power of the Euro. They fear a crisis, however unlikely, and protect themselves by holding a “harder” currency in case the Euro depreciates rapidly someday.

In other words, they prefer “buying” peace of mind by holding Deutschmarks to converting them to Euros and buying goods or services. In the same way and for the same reasons, more and more Americans prefer exchanging some of their paper US dollars for physical gold. 

And yet the media campaign against gold continues.

With Congress ordering magical fiscal bailouts from the Treasury, Trump conjuring up continued $600 weekly unemployment payments by executive order, and the Fed adding assets of every dubious stripe to its swollen $7 trillion balance sheet, gold prices predictably spiked to over $2,000 per ounce last week.

Right on schedule, Fed Bug journalists respond with a litany of “Gold is foolish, don’t buy it!” articles. In fact they sound like real estate agents in reverse: there is never a good time to buy. Gold goes up relative to the dollar, it’s overpriced and poised for a big fall. Gold falls below $1,100, as it did in 2015? See, we told you this worthless shiny metal was headed down!

We rarely see this level of media vitriol and meta-analysis directed toward, say, the latest pump and dump medical device stock duping day traders on Robin Hood. The share price of bankrupt Hertz car rental goes from $20 to .80¢ and back up to $5 in a matter of a few months with little public ire or fanfare. And yet gold, the hated and denounced relic of late night Fox News infomercials, outperformed equity markets over the last 15 years despite its monetary rather than investment status.

Gold is still here. FDR attempted to ban its private ownership and force conversion into dollars in 1933; Nixon eliminated the right of foreign governments to redeem US dollars for gold in 1971. Both men acted without Congress; both knew what their actions meant for savers and inflation. But gold has not faded away, if anything it grows in importance as fiscal and monetary policy across the West becomes increasingly unmoored.

Here is what Ludwig von Mises had to say gold as real money 100 years ago: 

What the United States needs is not the gold-exchange standard but the Classical gold standard, decried by the inflationists as orthodox. Gold must be in the cash holdings of everybody. Everybody must see gold coins changing hands, must be used to having gold coins in his pockets, to receiving gold coins when he cashes his pay check, and to spending gold coins when he buys in a store.

What a wonderful vision, and not an impossible one. Uncle Sam and virtually all western nations have embarked on a campaign of money creation unlike anytime in human history. Where it all leads, and how long it lasts, cannot be predicted. But a global currency crisis, precipitated by a falling US dollar and finally arriving here at home, is hardly unthinkable. At that point we may see a new supranational currency created, or we may see a flight to known commodity money like gold.

When the day comes you might want some gold coins jangling in your pocket, or at least some gold-backed zeros glowing in your digital accounts. 

Source: Zero Hedge, Why ‘Fed Bugs’ Really, Really Hate Gold

Trump Whisked Out of Strangest COVID Briefing Yet

Trump Whisked Out of Strangest COVID Briefing YetThe president was moments into a briefing that before long would become filled with familiar Trump mistakes and hyperbole when the scene was disrupted by something new, unexpected, and imminently concerning: a Secret Service agent who soon whisked the president and his staff from the briefing room. What became clear, only after the president returned to the briefing room later, was that there had been a shooting nearby, one that the president dubbed “an actual shooting,” that he said resulted in someone being taken to the hospital after apparently being shot by the U.S. Secret Service. But, after focusing on the shooting and taking a few questions on it, Trump returned to normal as he went through his coronavirus talking points. He trudged through the briefing as usual, touting vaccine candidates for the coronavirus pandemic, trumpeting his recent executive actions, calling on schools to reopen, and attacking former Vice President Joe Biden, his Democratic rival in the 2020 presidential race “I didn’t even think about not coming back,” Trump told reporters when asked why he came back to the briefing after the worrying scene. He was only able to provide scant details of the incident. “The suspect is now on the way to the hospital,” Trump told reporters. “I can’t tell you the condition of the suspect. There was nobody else injured. There was no other law enforcement injured.” Violent incidents involving the Secret Service are infrequent but not unheard of. An agent shot a Pennsylvania man in May 2016 when the man approached the 17th and E streets NW gate while carrying a .22 caliber gun. An off-duty agent shot a dog in a controversial incident in Brooklyn in January.Efforts to improperly access the White House grounds are more common, and the Secret Service arrested three people for scaling the fence in 2017 alone. Among the more serious incidents in the past decade were the shots fired at the building while then-President Barack Obama was away in November 2011, and a white minivan a woman crashed into the 17th and E streets gate in February 2018.When a reporter asked if Trump was concerned that the incident had come close enough that he had to be removed from the briefing room, he said he didn’t believe anything had been breached.As the president’s briefing continued, the Secret Service tweeted confirmation that “there has been an officer involved shooting at 17th Street and Pennsylvania Ave. Law enforcement officials are on the scene. More information to follow.” Just before 8 p.m. the Secret Service gave an update, tweeting: “A male subject and a USSS officer were both transported to a local hospital. At no time during this incident was the White House complex breached or were any protectees in danger.”It didn’t take long before Trump tried to push the strangeness of the start of the briefing away as he returned to his familiar comforts. He mused about possible sites for his presidential nomination acceptance speech, which he had earlier tweeted were down to “the Great Battlefield of Gettysburg, Pennsylvania, and the White House.”  When one reporter asked Trump if he would have called on Obama to resign if he had been president when 160,000 people died as they already have in the United States during the pandemic, Trump answered, “No, I wouldn’t have done that,” before declaring he thought “it’s been amazing what we’ve been able to do.”If the country hadn’t shut down, he said, there could have been 1.5 million to 2 million people “already dead.” Trump added, “We’ve called it right, now we don’t have to close it, we understand the disease,” though the virus continues to kill and spread throughout the United States.“Nobody understood it because nobody’s ever seen anything like this,” Trump said. “The closest thing is in 1917, they say, right, the great pandemic certainly was a terrible thing where they lost anywhere from 50 to 100 million people. Probably ended the Second World War, all the soldiers were sick. That was a terrible situation.”World War II began in 1939, while the pandemic he’s pointing to started in 1918. The president concluded things bizarrely by indulging in the Trump-era equivalent of comfort food, taking a question from One America News Network that allowed him to vent conspiracies about the Obama administration and criticize Susan Rice. The former national security adviser is considered a possible choice to become Biden’s vice presidential nominee. “Frankly, if he chooses her that’s fine,” Trump said before ending one of his strangest briefings yet. “But that’s a potential liability.”Read more at The Daily Beast.Got a tip? Send it to The Daily Beast hereGet our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.

Source: Yahoo News, Trump Whisked Out of Strangest COVID Briefing Yet

Reports: Patriots add offensive lineman, running back –

  1. Reports: Patriots add offensive lineman, running back
  2. RB Lamar Miller, Patriots agree to one-year deal, agent says  ESPN
  3. Lamar Miller agrees to terms with the Patriots  NBC Sports – NFL
  4. Patriots sign veteran running back Lamar Miller to one-year deal, per report  CBS Sports
  5. Patriots reportedly expected to sign Lamar Miller, three additional free agents
  6. View Full Coverage on Google News

Source: Google News, Reports: Patriots add offensive lineman, running back –

Rules for thee but not for me: Pompeo denounces proposed Russian law as ‘burdensome’ limitation on US propaganda outlets

US Secretary of State Mike Pompeo has voiced a protest over a proposed Russian rule that would require labeling of propaganda content, saying it would burden “independent” information work of outlets such as Voice of America.

“This decree will impose new burdensome requirements that will further inhibit RFE/RL’s and VOA’s ability to operate within Russia,” Pompeo said Monday, commenting on the draft rule published by the media regulator Roskomnadzor.

Pompeo called VOA and its sister outlet Radio Free Europe/Radio Liberty “vital sources of independent news and information for the people of Russia” for “more than 70 years.” 

Also on

Voice of America headquarters in Washington, DC
Liberal media alarmed US propaganda arm Voice of America may ‘become propaganda’ (the wrong kind) under Trump nominee CEO

Far from independent, however, they were both established as US propaganda outlets at the dawn of the Cold War. They are fully funded by the government, and the charter of their parent organization – now known as US Agency for Global Media (USAGM) – mandates they “be consistent with the broad foreign policy objectives of the United States” and “provide a surge capacity to support United States foreign policy objectives during crises abroad.”

The 1948 law that established these outlets outright prohibited their content from being broadcast in the US itself, until the Obama administration amended it in 2013.

The proposed rule would require all content produced by designated “foreign agents” in the Russian Federation to be clearly labeled. When the draft of it was made public last month, acting RFE/RL president Daisy Sindelar protested that its purpose was to “intimidate” her audience and make them “feel like criminals, or believe that they are in danger when they watch or read our materials.”

Yet the Russian regulation is the mirror image of the requirement imposed under the US Foreign Agents Registration Act (FARA) on RT, Sputnik and China Global Television Network (CTGN) since 2017, which only a handful of groups such as the Committee to Protect Journalists (CPJ) condemned as an attack on free speech. The USAGM remained conspicuously silent even as the designated outlets were denied credentials to access government press conferences.  

Also on

Twitter labels RT & Sputnik but NOT BBC, NPR & VOA as it launches blitz on state media staff & govt officials

US-based social media companies have also bowed to political pressure and labeled Russian- and Chinese-based outlets as “state-affiliated,” while refraining from using that descriptor for the British Broadcasting Corporation (BBC), the German outlet Deutsche Welle, the French AFP, the Turkish TRT, or any of the USAGM outlets, once again showcasing the double standard.

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Source: RT, Rules for thee but not for me: Pompeo denounces proposed Russian law as ‘burdensome’ limitation on US propaganda outlets