Coronavirus

[smokingman]

Doctor shows how to use one ventilator for 4 patients.May want to show this to medical staff.
I have already sent this to the hospital nearest me. They have a facebook,and many have twitter as well.
Get this video to the people that should understand it before they need it.

[video=youtube_share;uClq978oohY]https://youtu.be/uClq978oohY[/video]

Today New York city alone reported 279 or close to one third of the 923 known cases there.
The USA has 6329 cases thus far according to BNO news.It is also our first day reporting more than 1000 cases in a day.Our death total is over 100 at 107.
4971 Of which we have failed to have a known origin. Contact tracing has been poor for most community cases.
https://www.nytimes.com/interactive...action=click&module=Spotlight&pgtype=Homepage
https://bnonews.com/index.php/2019/12/tracking-coronavirus-u-s-data/

 

[nra4ever]

NOLA orders halt to gun and liquor sales. True doom.

http://www.nola.gov/mayor/executive...tion-of-a-state-of-emergency-due-to-covid-19/

 

[smokingman]

NOLA orders halt to gun and liquor sales. True doom.

http://www.nola.gov/mayor/executive...tion-of-a-state-of-emergency-due-to-covid-19/

Lawsuits in 3...2......

Law from the ATF proving what they are doing is illegal. Specifically directed at Lousiana.
https://www.atf.gov/file/117241/download
§ Sec. 40:1796. Preemption of state law.A. No governing authority of a political subdivision shall enact after July 15, 1985, any ordinance or regulation morerestrictive than state law concerning in any way the sale, purchase, possession, ownership, transfer, transportation,license, or registration of firearms, ammunition, or components of firearms or ammunition; however, this Section shall notapply to the levy and collection of sales and use taxes, license fees and taxes and permit fees, nor shall it affect theauthority of political subdivisions to prohibit the possession of a weapon or firearm in certain commercial establishmentsand public buildings.

Sounds to me like one parish is trying to break that rule. There is protection of owning a firearm during a declared disaster already because of this state(thank you for that bs by the way,you made it against the law nation wide now). So...we may get to thank Orleans parish soon for restricting sales during a declared disaster.

 

[Trigger Time]

Local governments are the same as street thugs in these cases. I would not see them any differently.
Preventing families from protecting themselves is sentencing them to death. May as well go out swinging

 

[OurDee]

How big a world wide scam might it be?
[video=youtube;z5CZ7SS06es]https://www.youtube.com/watch?time_continue=245&v=z5CZ7SS06es&feature=emb_ logo[/video]

 

[OurDee]

Would you build one of these, if it was this simple to eliminate viruses?
[video=youtube;fI8PdDw8WXM]https://www.youtube.com/watch?v=fI8PdDw8WXM[/video]

 

[Route 45]

Back.

And no banks with a 10% cash reserve who lose over 7 trillion dollars in 4 days collapses a market.

I still remember 2008 all to well.I banked with Chase then.I remember the 4 days prior to the bailout where they only allowed you to withdraw 300 dollars a day.

Banks are selling everything they can to keep capital reserves at 10%,and the are failing at doing so badly.

This will be worse than 2008 by at least 10 fold.

Either they will bail them out Sunday night,or Monday might be the largest financial crash in history.

It was the banks investing "cash" reserves in stocks that caused this,well that and Frank Dodd act allowing it.Getting my money out is an intelligent thing to do.

Just look at the commodities index. Down 10% as they sell anything they can not nailed down to try to meet legal requirements to stay solvent.

Check this list in 2 weeks.
https://www.fdic.gov/bank/individual/failed/banklist.html

It's been 2 weeks. No changes.

Do you need an extension?

 

[SheepDog4Life]

Flattening the curve: A tale of two cities

This is what flattening the curve means versus not... Two cities in the Lambardy region of Italy, the hardest hit area. One city, Cordogo in the Lodi district immediately went on lock down. Bergamo did not and carried on more or less as usual since there weren't many cases... until there were... 10 days later, and then they also went into lock down.

A few days later, the entire Lombardy region went on lockdown.

A few days after that, the entire country.



Good read on this at WSJ:
https://www.wsj.com/articles/lockdo...ows-effectiveness-of-early-action-11584391837

 

[smokingman]

It's been 2 weeks. No changes.

Do you need an extension?

So you think the 1.5 trillion they gave them Friday,the 700 billion SUNDAY night,along with lowering interest rates to zero was nothing?
Oh wait...it was not enough Monday we had the largest point drop on the DOW in history.
So they raised the amount of lending from the discount window daily from 80 billion to 500 billion a day starting 3/17/2020
Not enough you say.
That is ok.
On 3/17/2020 they decided banks could now borrow money buy stocks,and then borrow more money with those stocks through a new discount program(also at zero interest)0

They have done everything imaginable short of just printing money and handing it to banks....or did they just do even that?
Considering they cut all bank reserves for all accounts to ZERO. Deposit banks(your checking and savings banks) No longer need any reserves,despite the Frank Dodd law stating federally those reserves are set to 10%. They are now zero.

I was more right than your smart ass will ever realize. And they will continue this kind of crap to keep them and their precious system in power and in the process make banks represent even more of our GDP(17% of all GDP was generated by the largest 8 banks in the USA in 2019).

How about I was dead right.

Our banks failed. It really is that simple.
Unless you think lowering the reserve requirements to zero was because they where healthy. Never in history has that been less than 3% reserves. And since 2008 it was 10%.
Again it is now zero.
Why? Because banks could not come up with any legal way to show they had any reserves left at all.They failed.

 

[Alpo]

Once again, I think you are out of your depth on finance. Stick to COVID.

If you persist, you should at least cite your sources. Especially the latest on 8 banks % of GDP.

 

[smokingman]

Once again, I think you are out of your depth on finance. Stick to COVID.

If you persist, you should at least cite your sources. Especially the latest on 8 banks % of GDP.

https://www.washingtonpost.com/busi...ero-part-wide-ranging-emergency-intervention/
https://www.cnbc.com/2020/03/17/fed...ation-for-overnight-repo-funding-markets.html
https://www.federalreserve.gov/newsevents/pressreleases/monetary20200317b.htm

I can not give you the link to financial services being 17 as it is gone from Bloomberg.
I can give you official government stats of 2018,when it was already 7.1% of GDP,before the DOW nearly doubled and banks earned trillions.
https://www.selectusa.gov/financial-services-industry-united-states

Everything I said about the what the fed has done you can find in either this thread or https://www.indianagunowners.com/forums/break-room/478338-stock-market-what-you-doing-35.html I like using the actual Federal Reserve site more than news media but did not feel like digging through either thread to find the already posted links.

 

[Alpo]

You are headed into "ignored".

It is apparent you don't know what you're quoting or you never would state that 8 banks represented 17% of US GDP and then quickly thereafter state it is 7.1%. I wonder whether you understand the composition of GDP?

Fractional banking and economics is complex and while there are some here who understand it, you don't see them arriving at the conclusions you've drawn.

I'm afraid you really don't know what it is about and I assume most will overlook your "sky is falling" conclusions wrt banking.

Good day.

 

[smokingman]

You are headed into "ignored".

It is apparent you don't know what you're quoting or you never would state that 8 banks represented 17% of US GDP and then quickly thereafter state it is 7.1%. I wonder whether you understand the composition of GDP?

Fractional banking and economics is complex and while there are some here who understand it, you don't see them arriving at the conclusions you've drawn.

I'm afraid you really don't know what it is about and I assume most will overlook your "sky is falling" conclusions wrt banking.

Good day.

I will go a bit further. I dug a little looking for 2019 figures on Financial services official quarterly GDP contributions. Guess what I found?

That entire category has been removed.It has been rolled into professional,scientific,and technical services I think. But am unsure. It went somewhere.
https://www.bea.gov/news/2020/gross-domestic-product-industry-third-quarter-2019

Considering the top 8 banks represent almost 80% of those figures...according to these guys. They know nothing either?

https://www.federalreserve.gov/releases/lbr/current/

Heck the top 4 hold more than the bottom 200.

 

[smokingman]

You are headed into "ignored".

It is apparent you don't know what you're quoting or you never would state that 8 banks represented 17% of US GDP and then quickly thereafter state it is 7.1%. I wonder whether you understand the composition of GDP?

Fractional banking and economics is complex and while there are some here who understand it, you don't see them arriving at the conclusions you've drawn.

I'm afraid you really don't know what it is about and I assume most will overlook your "sky is falling" conclusions wrt banking.

Good day.

Also the 7.1 was 2018,exactly what I linked you to.

And those to big to fail banks stocks have tanked.
Chart 1 shows a comparison of the Price to Tangible Book Value ("P/TBV") of four banks Berkshire Hathaway bought in 4Q 2018 to its valuation on March 12.

• -29% for JPMorgan Chase & Co. (JPM)
• -34% for Bank of America Corporation (BAC)
• -36% for The PNC Services Group, Inc. (PNC)
• -41% for US Bancorp (USB).
• This is from 3/16/2020
• https://seekingalpha.com/article/43...-buffett-buying-bank-stocks-todays-valuations

Since that was march 12th data...they have gone down much more since.

 

[smokingman]

Banks are fine. Nothing to see here.

New York Fed pledges to offer $1 trillion a day in overnight repo loans The New York Federal Reserve said it will make up to $1 trillion a day available for loans in the repo market for the remainder of this week.

The Fed said it will offer up to $500 billion in overnight repo loans each morning and an additional $500 billion in overnight repo loans each afternoon.
Lets just go ahead and call this new program QE5,because that is what it is.
https://www.reuters.com/article/us-...n-a-day-in-overnight-repo-loans-idUSKBN2143QS

https://www.indianagunowners.com/fo...ilver-printing-press.html?111081=#post1330056

 

[Alpo]

You do recognize that repo's are collateralized debt obligations, don't you?

Repos provide liquidity. They are not unsecured loans.

Here is a short summary on repos....it's generally accurate.

https://www.vox.com/policy-and-poli...-5-trillion-stimulus-loan-fed-federal-reserve

 

[cbhausen]

Gentlemen, the last thing we need is the more knowledgeable among us butting heads. Let’s keep it constructive and disagree respectfully with point/counterpoint and let the reader decide.

 

[tbhausen]

Good article. Sad, yes, but a very informative Indiana coronavirus timeline here, as well:

https://www.wishtv.com/news/local-news/indianas-first-coronavirus-related-death-roberta-shelton/

 

[smokingman]

https://apps.newyorkfed.org/markets/autorates/bgcr

Wonder what happened between 3/3/2020 and 3/16/2020....hmmm.

Little lite reading.
Additional Information about the Effective Federal Funds Rate and Overnight Bank Funding Rate
https://www.newyorkfed.org/markets/obfrinfo

About that collateral.
https://apps.newyorkfed.org/markets/autorates/bgcr Scroll to the bottom of the page,they have made a nice chart for you.

My last post on this subject.

 

[smokingman]

Got my first negative rep since joining in 2008.

Not a single positive one for respirator hack by the doctor who coauthored the study on how to use one respirator for up to 4 patients either.

Done posting on INGO sorry.

Be well,be safe,you are loved.