A very big picture discussion requires a considerable baseline.

The stock market is not the U.S. economy; the stock market is an investment instrument that determines valuations of economic activity company by company. The valuation is considerably arbitrary, based on the determinations of the arbiters (investors). This is empirically true.

However, that said, how would the multinational underwriters, the multinational financial systems, reset all transactional tables (the bookkeeping systems underneath the valuation) …if the U.S. stock market was every forced to re-value economic nationalism over multinational globalism?    Enter “Coronavirus”.

Four years ago CTH first explained a new way to look at the U.S. economic system and how Main Street was/is disconnected from Wall Street.  We presented a metaphor to explain. Before going deeper into the discussion of tomorrow; and at the request of several people who now accept the era of “deglobalization” is upon us,  I first present that prior reference & then will use this as the baseline to describe what could come next.

There is a key phrase at the fulcrum of everything past:

…there had to be a point where the value of the second economy (Wall Street) surpassed the value of the first economy (Main Street).

What we are going to outline in part II is the possibility what happens when this natural truism is reversed.  The objective is to answer: How, specifically would Wall Street reset its evaluative systems if Main Street once again emerged as the priority?

But first, a baseline revisit is needed.

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National Economic Council (NEC) Director Larry Kudlow held an impromptu press conference to describe what sectors of the U.S. economy may need direct financial assistance to bridge revenue gaps from mandated government policy. The stock market is not the U.S. economy.

Calling this type of financial assistance a “bailout” is not a fair term considering the financial impact was created by government instruction.  Government orders to shut down restaurants creates a financial loss for restaurants who also have bills and payroll obligations to meet.  These types of affected businesses will need immediate assistance.

Airlines, hotels, resorts, private parks, gyms, restaurants and various entertainment companies/industries may also need a direct infusion of cash or deferred tax payment to compensate for financial losses.  Again, these businesses have been impacted by government ordering their closure. Depending on the size of the business, the need for gap funds may be urgent.

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Almost everyone who researched the substance behind Rod Rosenstein and Robert Mueller’s heavily promoted Russian indictments knew the underlying claims were centered on the thinnest of evidence.

A few Facebook memes were used to accuse Russian company Concord LLC of violating FARA and FEC election laws.

In July,2018, Robert Mueller asked a federal judge in Washington for an order that would protect the handover of voluminous evidence to lawyers for Concord Management and Consulting LLC, one of three companies and 13 Russian nationals charged in a February 2018 indictment. They are accused of producing propaganda, posing as U.S. activists and posting political content on social media as so-called trolls to encourage strife in the U.S.

Indeed, to an incurious media, a Russian catering company posting Facebook memes might sound like a good justification for a vast Russian election interference prosecution; however, when Concord & the accused Russians show up in court and request to see the evidence against them, well, the prosecutors might just have a problem.  It’s that problem that dogged the Mueller prosecution since 2018.   Today, predictably and finally, the DOJ dropped the nonsense case (full pdf below):

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National Economic Council Director Larry Kudlow discusses what economic options the U.S. government has to mitigate and assist businesses and individuals dealing with the financial impacts of coronavirus.

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Note to Mr. Kudlow: Do not trust Dr. Anthony Fauci.

Fauci is a purposeful panic seller. His goals are not the administrations goals.

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The Big Apple is about to get very interesting…  A dense, mostly liberal population, all bound up in close proximity, now instructed by executive order and forced mandatory compliance, to essentially shut down.  [Link to NYC Press Releases]

New York Mayor de Blasio – “Our lives are all changing in ways that were unimaginable just a week ago. We are taking a series of actions that we never would have taken otherwise in an effort to save the lives of loved ones and our neighbors.

Now it is time to take yet another drastic step. The virus can spread rapidly through the close interactions New Yorkers have in restaurants, bars and places where we sit close together. We have to break that cycle.”

Effective tomorrow, March 16, New York City schools will close.

“Tomorrow, I will sign an Executive Order limiting restaurants, bars and cafes to food take-out and delivery. Nightclubs, movie theaters, small theater houses, and concert venues must all close. The order will go into effect Tuesday, March 17 at 9:00 AM.”

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Right now, today, the retail food supply-chain is trying to recover from previous panic buying. Across the nation grocery stores are wiped out. Warehouses are emptying trying to replenish the stores. The upstream suppliers are trying to resupply the warehouses.

Supermarkets are closing early and opening late while trying to stem panic and fulfill customer demand.  Now is exactly the wrong time to limit food choices and push more people into those retail food stores.

No advance notice. No time to prepare or plan… just an immediate order.

Imagine what will happen tomorrow morning in Ohio and Illinois at grocery stores.

Notice these orders from short-sighted governors are in effect almost immediately. Meaning no-one has had the time to prepare for this type of a disruption in the total food supply chain.

These governors do not have any experience, policy framework, or previously established state-wide systems (having been tested through experience) for a process of rapid food distribution as a result of a state emergency. They are flying by the seat of their pants, and taking advice from the wrong people with the wrong priorities and the wrong frame-of-reference.

A government cannot just shut down 30 to 50 percent of the way civil society feeds themselves, without planning and advanced preparation for an alternative. Those who ARE the alternative, the retail food grocers, need time to prepare themselves (and their entire logistical system) for the incredible impact.  Without preparation this is a man-made crisis about to get a lot worse.

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After President Trump decided to take the coronavirus test, the physician to the President releases the following information:

Democrats/media react:

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After an evening meeting with Treasury Secretary Steven Mnuchin, HHS Secretary Alex Azar and Labor Secretary Eugene Scalia, President Trump has announced his support for House Resolution 6201 – The Cononavirus Response Act.

You can find the text of the House Bill HERE

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It took some digging but we found it. The 2020 Coronavirus Response Act is H.R.6201 [SEE HERE].

Speaker Nancy Pelosi is saying the Democrats and White House have made an agreement to pass the content of the Coronavirus Response Act.  However, there is no confirmation from the White House (yet).

President Trump is meeting with Treasury Secretary Steven Mnuchin in the White House right now.

WASHINGTON – House Democrats and the Trump administration reached agreement on a coronavirus response package Friday after a day of grueling negotiations, House Speaker Nancy Pelosi said.

“We are proud to have reached an agreement with the Administration to resolve outstanding challenges, and now will soon pass the Families First Coronavirus Response Act,” she wrote to Democrats after hours of back-and-forth with Treasury Secretary Steven Mnuchin.

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The White House has announced that magnanimous big tech firm Google has ‘voluntarily’ joined the federal government (within the national state of emergency) to assist citizens with the effort to voluntarily ‘test’ for the coronavirus.

As announced the details are under rapid construction, but don’t worry during a crisis there’s no need for prudent pause.  Trust is a currency.

President Trump noted today that over 1,700 data collection engineers from ‘big tech’ Google have been assigned by tech executives to create the system.

Google is undertaking this effort as a ‘free service’ to the American public. Everything is free, including the test.

Soon you will be able to use your hand-held transponder to sign-up, register for testing, and find your local neighborhood testing (dna collection) site.

Also noted, in a partnership with big corporate multinationals like Wal-Mart, CVS and Walgreens, citizens will be able to drive up to their local parking lot and have coronavirus ‘testing’ done without ever leaving your vehicle.  There will likely be instructions to bring your transponder (phone) with you to facilitate a faster ‘check-out’ process.

As soon as the other big tech and social media companies recognize the proactive nature of the system it’s likely Apple, Facebook, Twitter and all social media platforms will create links to the Google HHS data-hub to assist with citizen registration and fulfillment.  Lots of that pesky red-tape eliminated under the necessary framework of a national emergency.

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