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The American System

13
Mar 2020

March 12, 2020

March 13, 2020

Dow Falls 10% In Worst Percentage Decline Since Crash Of 1987 And Worst Point Drop In History Of Index; Circuit Breakers Activated But Crash Quickly Resumed;

Powell’s Fed Opens Cash Firehose To Bail Out Wall Street Repo Market, Will Pump Out $500 Billion Today And $1 Trillion Tomorrow On Top Of Daily Shot Of $175 Billion Plus For Two-Day Total Of $2 Trillion, Enough To Pay Off All Student Loan Debt Or Restore 40% Of Collapsing National Infrastructure!

After Fauci Of NIH Declares Administration’s Life Or Death Testing Plan “Failing,” Trump’s Bungled Address To Nation Offers No Clear Plan To Defeat Wuhan Coronavirus Pandemic; He Refuses To Declare Major Disaster And State Of National Emergency To Mobilize Resources, Money, And FEMA Assets In Public Interest, Despite Fact That 23 States, Washington DC, And New York City Have Already Declared Emergency; Senate Democrats Call For Action; 

Powell’s Fed Opens Cash Firehose To Bail Out Wall Street Repo Market, Will Pump Out $500 Billion Today And $1 Trillion Tomorrow On Top Of Daily Shot Of $175 Billion Plus For Two-Day Total Of $2 Trillion, Enough To Pay Off All Student Loan Debt Or To Restore 40% Of Collapsing National Infrastructure!

Trump Said To Think Emergency Would Upset Wall Street, Tourism, And Air Travel; Master Of Human Destiny Is Moronic Rent-Gouging Landlord, The Boy Wonder Jared Kushner; Don Wants To Dither Until Kushner “Finishes His Research” And Sets Policy!

Biden Addresses Crisis With Presidential Address; Sanders Puts Forward Many Useful Ideas; California To Bernie, Washington To Biden;

VIX Fear Index Hits An Astronomical 75; Europe Battered With Germany Down 12%, UK Down 11%, France Down 12%, Italy Down 17%; Japan, Australia, And South Korea Down 6-7% In Friday Trading;

Breaking: Futures Imply More Dow Carnage Friday