We are getting reports on what to expect from the soft restart of local economies. It seems that formerly locked down citizens are bypassing shopping malls and instead heading outdoors to beaches and parks. Certainly, this is a natural response to spring as well. It likely also signals lack of money for shopping.
In Texas, restaurants were allowed to reopen, but 25% capacity is maximum allowed for indoor dining.
“It’s sad to know that this is the first Monday we’ve reopened, and a lot of the places are still very empty,” one food distribution company official that supplies Houston area restaurants said of the painfully slow, anti-climactic return to business. “I’m a little shocked it’s so dead out.”
Open Table shows restaurant activity for restart states is scrapping bottom [chart on the right].
Sysco is the nation’s largest food service company. In a recent investor-relations conference call, it revealed its pessimistic forward-looking consideration that the time has now arrived to slash nearly half-billion dollars in expenses, including furloughing and laying off 33% of its workforce.
“… difficult decision to reduce our staffing levels by approximately 33% through a combination of temporary workforce furloughs and permanent reductions in force.”
The Gray State awaits the plebs with COVID-1984 school marms in uniform. These are also known as “The Authorities.”
Florida’s statewide stay-at-home order expired Thursday, April 30. But a popular park in Miami Beach was closed Monday after authorities issued thousands of warnings over the weekend to people who weren’t following COVID-1984 prevention rules, The Authorities said.
Between Friday and Sunday, park rangers gave 7,329 verbal warnings to people in the city, most of them at the park, according to the city.
There have been some “incidents.”
Scamdemic authoritarian followers on Twitter turned out in droves to rail on this American hero. L’excellence opérationnelle en action. Watch American hero shove a school marm into shallow water.
Texas park ranger pushed into water at Austin lake while telling group to social distance https://t.co/ssCuIgucKF
— Cernovich (@Cernovich) May 4, 2020
For the young and young at heart, don’t let the scamdemic authoritarian tyrants wreck your youth.
If, as part of a resistance, you are cited for not wearing a mask, here is your Dr. Fauci horse’s-mouth defense on the uselessness of masks. .
Masks are bullshit. pic.twitter.com/aw5dyEjkiD
— Mike (@FuctupMike) May 6, 2020
To our eyes, it sure looks like the next scamdemic stagecraft will be Trump coming down with COVID-1984, joining the likes of Boris Johnson and Fidelito Trudeau’s wife. This Worldwide Wrestling scam will be centered around his personal practices, such as failing to wear a mask, and his surroundings. Various mucky mucks in the West Wing are infected. It will fit perfectly as a psyops to nix the restarts and the developing resistance.
- Trump tours new face-mask factory in Arizona but does not wear one
- Trump personal valet tests positive for coronavirus
- Pence’s press secretary tests positive for coronavirus, Trump says
- Update: Document reveals Secret Service has 11 current virus cases, as concerns about Trump’s staff grow
- Update: Ivanka Trump assistant tests positive for coronavirus
The new narrative that is being rolled out: The death toll will simply be too gruesome and unbearable to allow people to continue on with some semblance of an ordinary life. So, we must keep society locked down indefinitely until a vaccine is found or until there can be enough testing and tracking for surveillance of infections among the entire population. Until then, only minimal “essential” activities will be allowed. This could last 18 months, or two years, or more. And even then, there will need to be “COVID passports” and official freedom-to-work documents issued by governments.
The future is one in which every move must be controlled and monitored to prevent the spread of this scamdemic.
On April 2, one of the lead bureaucrats on the White House’s COVID-19 advisory commission insisted mandatory social distancing could not be eased until further notice:
“If we get to the part of the curve where it goes down to essentially no new cases, no deaths for a period of time, I think it makes sense that you have to relax social distancing,” he added. “The one thing we hope to have in place, and I believe we will have in place, is a much more robust system to be able to identify someone who is infected, isolate them, and then do contact tracing.”
Realistically, COVID-19 will be here for the next 18 months or more. We will not be able to return to normalcy until we find a vaccine or effective medications. I know that’s dreadful news to hear. How are people supposed to find work if this goes on in some form for a year and a half? Is all that economic pain worth trying to stop COVID-19? The truth is we have no choice.
Only in a satanic, inverted world would 33.5 million unemployment claims in seven weeks caused by the above policy response be considered bullish for Wall Street.
The $660-billion Paycheck Protection Program was instituted to give a lifeline to small businesses during the economic shutdown, but it proved to be a paper tiger. Only 13% of the 45% of small businesses that applied were approved, according to the CNBC/SurveyMonkey Small Business Survey released Monday, which surveyed 2,200 small business owners across America.
The ISM business activity index typically closely tracks and leads corporate profits. Any more questions?
The reality is that the Fed, the Treasury and their conduit to the Parasite Guild have no interest in securities at these inflated levels.
Primary Credit has fallen to $26.5 billion from $43 billion a month ago. This Primary Market Corporate Credit Facility (PMCCF) lends to an SPV that can buy bonds directly from companies, including certain “fallen angel” junk bonds. It can also buy portions of syndicated loans or bonds at issuance. Some of the positions have unwound, and the SPV paid the associated loans back to the Fed.
Secondary credit: $0. This Secondary Market Corporate Credit Facility (SMCCF) is designed to lend to SPVs that purchase corporate bonds, bond ETFs, and junk-bond ETFs in the secondary market. None have been purchased yet.
Primary Dealer Credit Facility fell to $15 billion from $36 billion three weeks earlier. These are the amounts the Fed lent to primary dealers to buy securities. After the initial burst, some of the positions have been unwound.
These loans to its SPVs show that the Fed still has not bought any junk bonds, fallen-angel junk bonds, bond ETFs, or junk bond ETFs. But the announcement in March that it might buy them, and the re-announcement last Monday that it might buy them starting in “early May” caused a huge pump rally in those asset classes.
Since March 11, the Fed has printed $2.41 trillion and bought almost exclusively Treasuries and some mortgage-backed securities. This is designed to start monetizing (aka Weimarizing) the $3.7 trillion deficit and keep interest rates minuscule for the U.S. Treasury.