The WTO is Both Irrelevant and Unnecessary

by Ryan McMaken

The World Trade Organization (WTO) is in a state of crisis. Despite grandiose dreams of a global trade organization that would enforce global bureaucrats’ broad vision for multilateral trade agreements, the world looks more and more like it neither wants nor needs an organization like the WTO.

CNBC reports this week that the WTO is in “a reform-or-die moment” as both the US and Chinese governments appear uninterested in taking orders from the WTO.

It once seemed like the WTO was a very big deal. When it was formed in the 1990s, scores of states — rich and poor, large and small — gathered to put together “rules” for how the sovereign states of the world would interact on trade. As Razeem Sally has noted, however, multilateral agreements were not what made global liberalization happen:

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Shockingly Fast Spread of Covid-19 Imploding Global Markets – Bob Kudla

from SGTreport

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Uncertainty Surrounds Fate of 2020 Tokyo Games as Covid-19 Outbreak Broadens

from Zero Hedge

The 2020 Tokyo Summer Olympics are scheduled to begin on July 24, and with about five months to go before the games start, the Covid-19 outbreak continues to worsen, with rising risks the Olympics could be delayed or canceled, reported The Times.

As of February 24, the deadly virus has infected more than 79,524, killed 2,626 and prompted more than 50 countries and territories to close their borders with China. The virus has spread uncontrollably in South Korea, Japan, and now in Europe, with cases, ex-China increasing.

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Coronavirus: Time to Prepare is Running Out

Once a quarantine happens (voluntary or not), your window to prepare slams shut

by Adam Taggart
Chris Martenson’s Peak Prosperity

OK…despite more worldwide infections than ever, the WHO has decided to stop using the (technically very accurate) term “pandemic” to describe covid-19, presumably because they don’t want to scare folks.

The CDC is claiming that the US is not seeing “community level” spreading of the virus. But of course it isn’t, because it’s NOT testing at the community level. And only 3 US states currently have the capacity to run such tests, due to faulty kits being provided to the other states.

Then there’s State Department’s botched rescue of US citizens stuck on the Diamond Princess cruise ship, during which poor safety controls allowed 25 more folks to get infected on the flight back to the US.

And these are the authorities we’re depending on??

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Critical Thinking Has Never Been More Important

by Michael Krieger
Liberty Blitzkrieg

There are several reasons I spend so much time discussing and analyzing the current state of affairs. The primary motivation, aside from a drive to share personal opinions and spread awareness, is to encourage people to think critically. I don’t want readers to agree with everything I say, I want people to become inspired to think for themselves.

The ruling class doesn’t want you to think, they want you to simply accept the nonsensical stories they tell you. By contrast, I don’t want readers to blindly accept any of my conclusions, rather, I want my work be a case study on how to deploy independent logic and insight to a variety of topics and situations.

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Dow Closes Down 1000 on Global Supply Chain Fears

from WallStForMainSt

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The Bush Dynasty: Nazi Germany, the Bin Ladens and the Mexican Drug Lords

by Prof. Michel Chossudovsky
Global Research

Is it Coincidental? The Bush family had close links with Nazi Germany, the bin Laden family and the Mexican Drug cartel.

Two members of the Bush dynasty acceded to the White House.

Had the US public been fully informed by the media, who in America would have voted for George W. Bush?

Bush Family Links to Nazi Germany

Grandpa Prescott Sheldon Bush “was a director and shareholder of companies that profited from their involvement with the financial backers of Nazi Germany.” (The Guardian, September 2004)

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Warning: The Yield Curve is Collapsing…

from Gregory Mannarino

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Mentality is Just as Important as Buying the Right Stocks

by Teeka Tiwari
Casey Research

Here we are at the start of a brand-new decade…

But how do you ensure you’re drastically wealthier 10 years from now?

That’s why I’ve written this essay. To share what is probably the single most important investing lesson I’ve never revealed publicly before…

You see, every year, dozens (and sometimes even hundreds) of stocks double or triple.

But – in a given decade – one or two stand out…

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The Hunt for Racism in Everything

from Akkad Daily

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California Lawmaker Screams ‘F*** Donald Trump,’ Taunts ‘Anti-Worker Trump Supporters’

by Eric Quintanar
Daily Wire

At a pro-Elizabeth Warren event in San Diego, California, a group of protesters showed up to demonstrate against Warren-backer and California Assemblymember Lorena Gonzalez (D-San Diego) for authoring AB5, a disastrous labor law that has essentially declared war on the state’s gig worker economy.

During the event, Gonzalez can be seen delivering a speech, but she momentarily seems to lose her train of thought as the group of protesters shift around and the audience breaks into a chatter. Amidst the pause, someone in the audience can be heard shouting “F*** Donald Trump.”

Gonzalez takes the opportunity to blare the phrase back into the microphone: “F*** Donald Trump!” As Gonzalez regains support, protesters break out in chants condemning the labor law, repeatedly shouting “Repeal AB5,” as the lawmaker’s supporters boo them.

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Ocasio-Cortez Close to Losing Her Seat in Congress, Bail Reform Backfired and Democrats Declare War

from Tim Pool

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Technical Scoop: Silver Finally Showed Some Spark with a Solid 4.5% Gain This Past Week

by David Chapman
Silver Seek

Silver finally showed some spark with a solid 4.5% gain this past week. With an RSI still under overbought levels at 70 silver could have further to run. Our only concern, as we note below, is that while gold is making new 52-week highs silver is not. Silver is still suggesting that it could hit potential targets up to $20.30/$20.50 based on the triangle that formed August to December 2019. The flag formation that formed in January/February 2020 suggests targets of $19.40/$19.50. Once silver breaks over $18.60 we could also have potential targets up to $21.80. Some words of caution are that besides silver lagging gold the commercial COT for silver is sliding further as well. Nonetheless, the action was positive this past week for silver and we should see higher prices this coming week. There is some resistance at $18.90 and again up to the August 2019 high of $19.75.

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They’re All Bernie Now | The Andrew Klavan Show (Ep. 849)

from The Daily Wire

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Bernie Sanders Doubles Down on Castro Comments by Defending Communist China

by Scott Morefield

Democratic presidential candidate Bernie Sanders doubled down on his Sunday comments praising former Cuban dictator Fidel Castro’s “massive literacy program” during a Monday night CNN town hall, then attempted to bolster his logic by claiming that Communist China took “more people out of extreme poverty than any country in history.”

“We’re very opposed to the authoritarian nature of Cuba, but, you know, it’s unfair to simply say everything is bad,” Sanders told “60 Minutes” on Sunday. “You know? When Fidel Castro came into office, you know what he did? He had a massive literacy program. Is that a bad thing? Even though Fidel Castro did it?”

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