Treasury Secretary Steven Mnuchin Explains U.S. Financial Response to Economic Impact from Chinese Coronavirus…

Treasury Secretary Steven Mnuchin called-in to Maria Bartiromo earlier today to discuss the overall financial approach of the Trump administration to the COVID-19 impacts.

Mnuchin has been working closely with House and Senate political leadership to structure the financial flow needed for particular sectors and workers inside the Main St economy.  The target date for legislation directing the financial relief is early next week.

The underlying economy is strong. The treasury response is targeted to those who need short-term relief. Short-term economic indicators are no longer valid.

This entry was posted in Bailouts, Budget, CDC, Coronavirus, Dem Hypocrisy, Donald Trump, Economy, Legislation, media bias, President Trump, Taxes, Uncategorized, US Treasury, USA. Bookmark the permalink.

144 Responses to Treasury Secretary Steven Mnuchin Explains U.S. Financial Response to Economic Impact from Chinese Coronavirus…

  1. Stringy theory says:

    Thank the Lord for Trump and his A+ team of great Americans. They’ve got this thing.

    Liked by 12 people

    • Bill Durham says:

      If the Dems think this will take out Trump, think of this. All of those Dems, lefties, and unemployed are going to be getting a check thanks to Donald Trump not Joe Biden. When they go to the polls they will remember. So I have to reject the deep state theories. Like impeachment and Mueller it will boomerang. I just hope he ends this in 2 weeks. “We don’t have a vaccine, but we have a therapy. This is just like the flu. You can’t prevent it but you will get better. And most of you will have mild symptoms.” If this continues we will go into a depression and the end times and 👽 aliens are in play

      Liked by 2 people

      • bocephusrex says:

        The actions the US is taking are meant to reduce the spike of infections and instead prolong the period the virus is active. My business was mandated to close and will likely remain closed for months since the ‘peak’ will likely be in May or June. China has screwed us over twice: first with hiding it from the rest of the world and then lying about how infectious it was–then with restricting the amount of PPE (personal protection equipment-like gloves, masks etc) the US can get their hands on. There is no doubt the US does not have enough critical care beds and related equipment, however in my view, the lack of sufficient PPE is a bigger threat than the virus itself.

        Like

    • swimeasy says:

      Agree Stringy! Thanks SD! POTUS and his awesome Wolverines continue to work on behalf of all Americans.

      One corrupt Republican senator has been using his IC position to benefit his personal fortune while also personally doing his part to add to market losses. I am hoping he has finally hit a brick wall– Richard Burr, NC and should be forced to resign IMO.

      Tucker Carlson did a piece on it tonight:

      Intelligence Chairman Raised Virus Alarms Weeks Ago, Secret Recording Shows
      https://www.npr.org/2020/03/19/818192535/burr-recording-sparks-questions-about-private-comments-on-covid-19

      Senator Dumped Up to $1.7 Million of Stock After Reassuring Public About Coronavirus Preparedness
      https://www.propublica.org/article/senator-dumped-up-to-1-6-million-of-stock-after-reassuring-public-about-coronavirus-preparedness

      Burr sold off significant amount of stock a week before market crash started: report
      https://thehill.com/homenews/senate/488545-burr-sold-off-significant-amount-of-stock-a-week-before-market-crash-started

      Liked by 1 person

  2. tax2much says:

    President Trump will do this right.

    Liked by 9 people

  3. The Devilbat says:

    Trump 2020. Trump 2024. Trump 2028.

    Liked by 16 people

  4. Somebody's Gramma says:

    The questions I keep hearing from people who are affected, either furloughed, hours cut, or afraid of being laid off, 1.when will money come? and 2.will everyone get $$? I thought I heard that Pelosi wanted a means test and I’m all for that. Money should go to people who have experienced actual financial contraction. I know many people in this situation and they are frightened. I guess we’ll see what happens next week once the Senate is done.

    Liked by 1 person

    • Shelley Childs says:

      Pelosi is adamantly against direct payment to US citizens, but she’s already getting blowback from her own party.

      ‘”People vs Pelosi” trends when even the left has had enough’

      “Means-testing an emergency stimulus program will provide the middle class with first-hand experience with how remarkably stupid, cruel, and ineffective means-testing for needed aide actually is. Is that really a can of worms you want to open Nancy?”

      https://www.bizpacreview.com/2020/03/19/people-vs-pelosi-trends-when-even-the-left-has-had-enough-898893

      Like

      • Somebody's Gramma says:

        I read a lot of those tweets against Pelosi. Brutal and made me laugh out loud. I’m all for direct deposit to individuals so money can’t be laundered, for sure. I just don’t think people who have not experienced loss of income, should get money. However, for instance, if I did receive money (retired senior here), I would immediately send it to family members who are right now directly impacted. It will be interesting to see how this is managed. And maybe that is their thinking, that most people are honest and will use whatever money is disbursed to help family members and family businesses. I would also be really irritated if people who are already receiving government aid, got additional money. And… my opinion about work is, there is still a ton of work out there. It was never below me to get temporary work when I was younger, even if the pay wasn’t great and the work physically hard, like stocking shelves. But I also realize lots of kids are out of school, requiring a full time parent. Altho… a lot of money is being saved on gas and daycare costs. It’s a conundrum for me. But, I am glad to see money going to working people and not the big banks, for the first time ever in history.

        Liked by 2 people

        • Rj says:

          One thing I hope people caught when SM said the “Checks in the mail” then he said it will be directly deposited because we already have everybody’s information.

          Liked by 3 people

        • Shelley Childs says:

          We’d probably send it right back to the IRS to cover what we owe, and if there’s any left over help my brother who is self-employed (music teacher).

          Like

        • YeahYouRight says:

          Are people getting govt money to buy more toilet paper and hand sanitizer?! Mortgage and insurance companies are deferring payments, and, thanks to “social distancing,” we have no place to spend money, anyway. So, as one who will pay this bill, I have to ask. What is the goal here? Very disappointed.

          Like

          • Wait a minute; wait just one minute…what is this ‘government money’ you refer to???????
            I know NOTHING about Government Money!!!!

            This is money from the people of this USA who work hard for an hourly wage and then we the deplorables pay a certain sum to the government from that total sum of money that we the deplorables worked so hard for…and for many, many years. We pay rent to the government for our property, we pay extra money to the government on nearly every small item purchase from toilet paper to clothes to personal necessities to parts and service for our cars and so much more; think about what you are actually saying in real words…there is no government money without the hard work from we the deplorables.

            And right now, I’m all for a refund of some of my hard earned money due to the fact that our government policies put us in this bind and why in Hell should we pay for this crap from the globalists practices of years past from our corrupt leaders!!???

            Just look at all the money that our leaders toss to other people from other countries for other reasons.

            Not this time; damn it!!! Now it’s the American People who deserve a pay back!!!!

            Liked by 3 people

            • MAGA Minuteman says:

              I think you struck a chord here. Yes, its not the government’s money. Its the taxpayer’s money. This has everyone, like you, thinking you (the Fed Govt) are just giving me back my money. That thinking be partially but not completely accurate here.

              I think this is where something more complex is in play relative to the Federal Reserve and the Central Banks. The announced payout to Americans and American companies may be coming from (or at least be backed by) the Federal Reserve and the Central Banks. As I have heard here, the Federal Reserve is no more of a Federal agency than Federal Express. It is a private entity supported (not sure if that is the correct term) by private banks around the world.

              So, our VSG may be calling in and demanding support (backing) from those banks who have been profiting from the exfiltration of our (US) wealth for far too long. It may be a deal where he says to the Fed, “You need to keep supporting and bailing out the US economy. If you don’t, then you are clearly not operating the the best interests of the US so we may need to find a sytem that is in the best interests of the US. We’ll see what happens.”

              I am not a finance guru, so I am pretty much just thinking out loud here. Looking at this from a big picture 360 vision point of view in an attempt to crack this nut.

              Thoughts?

              Liked by 1 person

              • Just read this…..
                I’m not a financial guru either, but I do have a degree in accounting (I know, big whoop!) and worked in finance for many years.
                I have not studied the Federal Reserve or Central Bank in depth or kept up with their shenanigans as others have but I completely agree with your synopsis of what is prolly going on here.
                I know many believe the Fed Reserve should be abolished for one reason or another.

                This is what I do know for sure, this economy (or any country’s economy for that matter), cannot be shut down for months and than come roaring back in the a matter of days……If this charade continues, we will be Venezuela in a very short while…..and the Trump haters will not be as happy as they thought when this whole fiasco was developed back in late 2019; to stop Trumpism and Nationalism…

                The Globalists blew this one Bigly!

                Like

          • TreeClimber says:

            Electric companies aren’t deferring. Landlords aren’t deferring. Sewer and water and trash aren’t deferring. Neither are insurance companies. If we qualify, that’s what ours will be going to – and diapers. Possibly food, if there’s any left.

            Liked by 2 people

      • Despicable Me says:

        Pelosi also called the average Americans net gain from POTUS’s tax cut of 2018 as “crumbs”. She seems to resent it when working American people can retain or get more of their hard earned tax dollars returned to them.

        Liked by 5 people

      • lieutenantm says:

        Nancy IS a worm…….tapeworm….and she loves wiggling around in those cans.

        Liked by 1 person

    • BocephusRex says:

      So let me relay my own situation–I’m not whining, just sharing:

      I’m in the healthcare field and our office was mandated to close except for emergency treatment. We’re going to lose a healthy 5 figures every single week we are closed, and we likely will be closed for months. We’ve paid for business interruption insurance for decades however because there is no physical damage to our property, the ‘civil authority clause’ doesn’t apply. We make too much money to qualify for any check from the feds, and because my wife and I own the business we do not qualify for unemployment. This is the situation MANY small business owners find themselves in, and many of them will not recover. We are all definitely DOWN, but if POTUS is not re-elected, we are all assuredly OUT-

      Liked by 5 people

      • Chip Doctor says:

        Most people always project to the worst case scenario. You are basing your worry on being shut down for months. Plural. Why? PT has asked Americans to give this 15 days. There are medications that seem to “cure” this illness. As long as we are going through this, why not choose to look at it from the optimistic side? You can choose.

        Liked by 2 people

        • YeahYouRight says:

          15 days is just a start, friend. Just a start. Schools are closed at least 30 days, Kansas is closed for the year. California also considering this. If we return to normal in 15 days, nothing has changed. The healthcare industry and govt need time to prepare for the spread of this thing once we do return to life as usual, and that will take months. Ridiculous, but true.

          Liked by 1 person

        • bocephusrex says:

          Based on the fact that people can continue to shed the virus for up to 5 WEEKS, and unless the warming temps kill the virus, the peak will not be here until likely May. China started with it in late November or early December, and they’ve just now announced they have no new infections (if you believe them). That’s a minimum of 4 months right there. The actions the US is taking are specifically designed to reduce the spike and spread it out over a longer period of time. I’d love to believe life wll be normal again in 2 weeks, but sadly, its not happening.

          Like

      • kildare57 says:

        We have no insurance for this type of shutdown.. We are dead in the water with a seasonal business that should be cranking job orders & $$. When this is all you have done for the past 30yrs, you tend to have friends who are also mom & pop owners. They are in the same boat. Most of us will be broke and starting over again. There is no fairy dust to sprinkle around and restore consumer confidence & spending after ” 2 weeks “.
        At my age I do not look forward to having to start over. That said, what saddens/shocks
        me is how willing we are to give up our freedoms. We have learned very little from 911 and the patriot act.

        Liked by 3 people

      • livefreeordieguy says:

        I’m sorry to hear about your situation, B-Rex… What about a scenario where the Government allows the Insurance Companies to activate the ‘civil authority clause’ in your Business Interruption policy despite no physical damage? In other words, the government pays your Business Interruption claim through your provider ‘as if’ it is a valid claim (‘as if’ you had physical damage). No arbitrary checks to companies — only coverage of real, audited interruption costs.

        If the insurance companies handled the claims, there would be no new corrupt, bureaucratic department or agency to administer them. We’d use the insurance company (who is used to processing valid claims) to distribute the same amount of coverage to you would have gotten in a Business Interruption claim to you. And the government pays a modest administration fee to the private sector insurer for processing the claim. The entire hospitality industry is in this same boat as you, it seems to me. Other industries too.

        I’m neither an insurance expert (by a long shot) nor a government bureaucrat, but it seems like lots of businesses in lots of industries have Business Interruption Insurance that has ‘force majeure’ provisions that include floods and earthquakes and tornadoes — and ‘Civil Authority’ situations…. Just add this case to the policy, have the government pay the claims, give the insurance company a modest fee for processing the claims in a national emergency (using the same due diligence they would apply if it was their money), and hope it doesn’t last long.

        There are a million things wrong with this idea, I’m sure. What are they?

        Like

        • BocephusRex says:

          I actually think its a great idea-our policy has a limit of 30 days and $30,000, but I’d take it for sure. And yes, there are thousands of small businesses who are in the same boat-

          Like

    • TPW says:

      if all these stipulations are put on then will take too long….people need money now to pay bills. what about people who are still employed but hours are cut…haven’t heard a remedy for them…..PT will not let them take this economy down…doing the best he can…

      Like

  5. booger71 says:

    Mnunchion is by far the best Treasury Sec in my lifetime

    Liked by 17 people

  6. bulwarker says:

    This is all so overblown thanks to the media, and it being an election year. Please, no more bailouts or one-size-fits-all handouts. No more government programs that never end (mandatory paid sick leave). End the blanket business closures. Only quarantine the elderly and those with preexisting conditions. Let America get back to work.

    Liked by 9 people

    • J says:

      Let America get back to work. Thats the key to limiting any economic damage. Ive been shut down as building departments close leaving me without any inspections. My trade is outside for the most part.

      Liked by 1 person

      • California Joe says:

        That’s exactly what I’ve been saying, Bulwarker! Take reasonable precautions and let Americans move on. Justin from Canada had the right prescription for the Coronavirus:

        1. Ignore the “misinformation” (American).
        2. Reject knee jerk reactions ( American).
        3. Wash your hands frequently.
        4. Cough into your sleeve.
        5. Stay home if you’re sick.

        Yes, we can some stronger actions like the travel bans to China and Europe but this dumpster fire has to stop soon and you can bet that the news media and Democrats won’t be any help with that at all!

        Liked by 2 people

        • VoteAllIncumbantsOut says:

          I’m afraid you all are going to be disappointed when you actually see who these bailouts are really going too. I call it the “Socialist’s Dream”, we never change do we?

          Always running to the Government to cure us. Did any of you know that the doctors of old used to bleed out their patients to rid them of a virus and when the patient died, they said “We just didn’t bleed them out sooner”.

          Make up yours minds, either you want freedom or you don’t and as my father used to say… “Son, don’t take any wooden nickels”.

          Liked by 1 person

    • TPW says:

      PT is battling the Media who has caused this crisis for the airlines hotels and restaurants. He has picked up the ball and is now running with it so their impact is minimal. This is my opinion of course. I believe he knows it is to get him out of office….the grand stand….I hope and pray he finally realizes they will stop at nothing and they must be punished …..this has got to happen. He is not responding like they thought he would ….trying to minimize the hurt to the economy. But they sit there at press conferences unable to criticize him for his plan…so they claim racism…..He really has foiled their plans …again.

      Liked by 2 people

  7. T2020 says:

    I am praying for this guy. He must be SUPER stressed (along with everyone in the admin), but his calm, pale face means he must be holding everything in.

    Liked by 6 people

  8. SPECULATION: POTUS will SWAP FUNDS-for-SHARES to sustain Critical Industries, with “SPECIAL PROVISIONS” for Corporations to BUY BACK those SHARES

    • FUNDS conversion rates for SHARES will be based on CURRENT Share Prices

    • Companies must Repurchase Government Shares BEFORE any others

    • Companies can ”QUALIFY” to Repurchase Government Shares ONLY when they have REPATRIATED Manufacturing Capacity to the USA

    • Companies that Receive 50% CREDIT on FUNDS-for-SHARES for completing 100% REPATRIATION of Manufacturing Capacity within 12 months

    • FUNDS-for-SHARES gives President Trump a VETO over any foreign manufacturing investment until Government Shares have been repurchased
    =====
    Examples:
    • Boeing
    • Pharmaceuticals & Medical Devices
    • Automotive Parts & Industrial Equipment
    • Semiconductors & Electronics & 5g

    Liked by 2 people

    • Somebody's Gramma says:

      Sounds like a government takeover of private enterprise. Nope. Nada. Not in America. The private sector needs to be incentivized, not forced, to cooperate. IMHO.

      Liked by 1 person

    • Dutchman says:

      BKR;
      A one two punch, and China is out for the count!
      Yes, this financial package will incentivise recalcitrant multinational to bring their manufacturing OUT of China, and back HERE.

      BUT, (second) Chinas economy was in the toilet BEFORE the virus hit them, due to 2 plus years of tariffs.

      THEN, they shut everything down for two months,…and now, just when they are,starting back up, and really need a demand for their products, worldwide demand drops precipitously.

      They need a life preserver, and are being thrown an anchor. They addressed the tariffs by currency manipulation, and giving importers more product, to offset tariffs.

      But, if markets just ain’t buying their product, nothing they can do can offset that.

      “Suppose we started up production,…and NOBODIES BUYING!??”
      CHINESE virus,…indeed.

      Liked by 2 people

      • Love it, Dutch.

        🤔 Wondering how much of their foreign currency reserves and offshore assets were liquidated to prop up their Stock Markets.

        How much USA investment in China businesses can be repatriated … particularly for our Pension Funds.

        Will POTUS require that every China business or institution be AUDITED by USA Firms before qualifying to receive (or retain) USA investments?

        Like

        • Dutchman says:

          Fugm. Once we get our economy roaring again, ramp up the tariffs, and screw all Chinese firms, investments, or industrial espionage agents, er I mean foreign exchange,students from China.

          After exposing their responsibility for this CHINESE virus, he can SANCTION the barstuds.

          Hope the CCP-CHINA proxie, CCP-EU goes down soon, too.

          Stamp out conmunism, worldwide!

          Liked by 1 person

    • bessie2003 says:

      Not a good idea; once the government is a shareholder the government controls the actions of the business and becomes itself a competitor (think licenses, regulations, laws) against the natural competitors for the company(s) the government is now shareholders of. No way this should ever happen. It becomes one step before total nationalization Venezuelan style.

      Like

  9. Reserved55 says:

    “Senate Majority Leader Mitch McConnell introduced the text Thursday for a phase three coronavirus bill as members on both sides are reportedly still divided on many key issues.

    The bill will give $1,200 checks to every person, couples would receive $2,400. That $1,200 check will go to Americans making less than $75,000 annually. Each child will receive $500. The amount is reduced by $5 for every $100 a person earns over $75,000. If you make above $99,000, you will not get any money.”

    Senate Majority Leader Mitch McConnell said Tuesday he decided to vote on the House bills as soon as possible and not blend the House bills with the upcoming Senate legislation. He also added that the Senate will not leave until they pass the next coronavirus bill.”

    https://amp.dailycaller.com/2020/03/19/mcconnell-introduces-text-for-phase-three-coronavirus-stimulusbill

    Like

  10. JohnCasper says:

    Old: “Will work for food”.

    New: “Will work for toilet paper”

    Liked by 6 people

  11. Diabolik says:

    Feels great to have a President we can trust. FINALLY!!

    Liked by 7 people

  12. Mike in a Truck says:

    PDJT and his economic team are not stressed. They give stress to all the multnational clowns and fake phoney frauds in the MSM. Lawyers turned politicians are the ones that get stressed which is the reason why they make bad decisions which is the reason why we elected President Trump.

    Liked by 4 people

  13. Fools Gold says:

    Nice that we’re hearing the right F…ing questions ask to the right stable genius. Not the other way around.

    Like

  14. Todd says:

    Consumer spending accounts for more than two-thirds of the American economy.

    Giving the American people $1,000 checks will be helpful, but they will not drive consumer spending, I think most of that money will be used to pay off debt accrued because of the perpetuated virus, also known as The Bologna Virus 2020.

    A second round of stimulus checks would help consumer spending, but I do not believe they will be necessary. It’s a short term problem, and President Trump is looking at the long game as usual.

    Big Picture!

    https://www.whitehouse.gov/articles/president-trump-nothing-will-stand-in-our-way/

    Liked by 1 person

  15. JohnCasper says:

    President Trump is out FDR’ing the democrats. But I guess he hasn’t much choice.

    Liked by 2 people

    • john says:

      He’s learned quickly how to play the game. Re-election is paramount. Second round of checks may not be necessary if things calm down. If we punish China severely and make sure jobs and manufacturing returns home the boom has the potential to negate these expenditures don’t you think?

      Liked by 3 people

    • Todd says:

      They forced his perfect hand.

      Royal Frush.

      “What’s a Frush?”

      Winning both sides and the indies too.

      WELL DONE!

      Would you rather have Joe running things now?

      Like

  16. California Joe says:

    Not many people know that the PBGC, an agency of the United States Government, insures corporate and labor union pension plans much the same way the FDIC insurance our bank accounts. Pension plans typically invest in the stock market. When the stock market crashes pension funds can go belly up and, yes, the taxpayer has to step in and fund retiree benefits. The benefits paid are typically 66% of the defaulted pension and can run into the billions of dollars. The really bad news is the unfunded liability for the PBGC is massive already. What happens if the stock market crash gets worse and plan contributions stop because of employee layoffs? Unintended consequences!

    https://www.investopedia.com/terms/p/pbgc.asp

    Like

    • Duke of Cumberland says:

      Joe, PBGC covers private sector defined benefit plans, and taxpayers don’t pay for unfunded retiree benefits. The agency is funded by premiums, the assets from the plans it trustees, investment income and bankruptcy claims.

      There are two programs – single employer and multiemployer. The vast majority of single employer PBGC trusteed plan participants (I’d say over 90%) get their full plan benefit. Notable exceptions are steel, auto and airlines, with very generous collectively bargained plan benefits that exceed PBGC’s maximum or have temporary supplemental benefits over and above a life annuity. That program has been in the black for a few years, but there’s plenty to pay benefits even if it goes red again.

      Now the multiemployer program is what’s in dire straights. Again, very generous collectively bargained benefits, but PBGC doesn’t trustee multiemployer plans. If they go insolvent, PBGC pays a comparatively lousy guarantee, but again, no taxpayer funding.

      Liked by 1 person

  17. TradeBait says:

    I just want them safe and enabled to do their jobs. Most competent, forward thinking POTUS and and cabinet in our history. So many VSG’s getting their various of expertise done with the head VSG coordinating it all. MAGA.

    Liked by 1 person

  18. peace says:

    I told a liberal relative to be on the lookout for some “Trump $$” and said that if he doesn’t want it, I’ll take it! MAGA-KAG

    Liked by 2 people

  19. Yadent says:

    Question: How many small businesses (less than 50 employees) will be around after the lifting of restrictions? I have talked to a few owners of such businesses who have told me that if these restrictions last longer than a month, at most, they are gone. And no, $1,000 won’t cover expenses and interest free loans won’t work as that is an added overhead expense to an already tight budget.

    Like

    • Reserved55 says:

      One thousand per adult and 500 for each child, a family of four would receive 2400.00

      I don’t remember if it’s in this interview, I listened to hours ago. But Mnuchin said if the owner is unable to repay, it would then be written off by the government.

      I’m sure there are many in that category.

      Liked by 1 person

    • rustybritches says:

      The checks they are sending out will be according to how many people are in your family
      If your a family of 4 each adult gets 1200.00 and each child gets 500.00 the first round of payments will go out by april 1 and the second round will go out a month later and for small business owners They will be given the same amount of money but as for their business side there will be money made available threw the small business admins and there you have it

      Liked by 2 people

      • oldumb says:

        Have you ever tried to get anything from the SBA? It sucks and is useless. You need an attorney and CPA work on it for you. I never qualify for any program. Besides getting a loan doesn’t make up for earning money. So when I start making money I can pay back the money I never earned. Weeeee.

        BTW, I am not complaining at you rusty. Thanks for the info. …*walks away muttering*

        Like

        • TreeClimber says:

          “*walks away muttering*” about sums it up, the whole stinking deal of it.

          But, I second the thanks, Rusty!

          Like

        • bocephusrex says:

          Its my understanding that the types of loans the SBA would give under these circumstances would only be given to businesses who can’t secure funding from any other lending. So if a bank says ‘here’s an 8% loan’–you either take it or get nothing from the SBA.

          Like

      • yadent says:

        Just spoke with a couple of the aforementioned small business owners. Both are owned by 2 adults. $2400 a month will not cover their business space rent, let alone their respective living expenses. They mentioned that there are many other businesses in the area that are in the same situation. And again, any loans, even if interest free, will crush their bottom line. These are small mom & pop operations. The local police are cruising the business areas checking on closure compliance. Heavy fines for violations. This is in northern Nevada.

        Like

  20. Sundance, this is going around, please look into it. It sounds pretty detailed…..

    China’s Coronavirus: A Shocking Update. Did The Virus Originate in the US?
    Japan, China and Taiwan Reports on the Origin of the Virus

    The study published on ChinaXiv, a Chinese open repository for scientific researchers, reveals the new coronavirus was introduced to the seafood market from another location(s), and then spread rapidly from the market due to the large number of close contacts. The findings were the result of analyses of the genome data, sources of infection, and the route of spread of variations of the novel coronavirus collected throughout China.

    The study believes that patient(s) zero transmitted the virus to workers or sellers at the Huanan seafood market, the crowded market easily facilitating further transmission of the virus to buyers, which caused a wider spread in early December 2019. (Global Times, February 22, 2020, emphasis added (2)

    Reusable Dust Mask wit… Buy New $37.20 ($25.83 / oz) (as of 01:08 EDT – Details) Chinese medical authorities – and “intelligence agencies” – then conducted a rapid and wide-ranging search for the origin of the virus, collecting nearly 100 samples of the genome from 12 different countries on 4 continents, identifying all the varieties and mutations. During this research, they determined the virus outbreak had begun much earlier, probably in November, shortly after the Wuhan Military Games.

    They then came to the same independent conclusions as the Japanese researchers – that the virus did not begin in China but was introduced there from the outside.

    China’s top respiratory specialist Zhong Nanshan said on January 27

    “Though the COVID-19 was first discovered in China, it does not mean that it originated from China”

    “But that is Chinese for “it originated someplace else, in another country”. (4)

    This of course raises questions as to the actual location of origin. If the authorities pursued their analysis through 100 genome samples from 12 countries, they must have had a compelling reason to be searching for the original source outside China. This would explain why there was such difficulty in locating and identifying a ‘patient zero’.

    Japan’s Media: The Coronavirus May Have Originated in the US

    In February of 2020, the Japanese Asahi news report (print and TV) claimed the coronavirus originated in the US, not in China, and that some (or many) of the 14,000 American deaths attributed to influenza may have in fact have resulted from the coronavirus. (5)…..
    https://www.lewrockwell.com/2020/03/no_author/chinas-coronavirus-a-shocking-update-did-the-virus-originate-in-the-us/

    Like

    • On February 14, the US Centers for Disease Control and Prevention (CDC) said they will begin to test individuals with influenza-like-illness for the novel coronavirus at public health labs in Los Angeles, San Francisco, Seattle, Chicago, and New York City.

      The TV Asahi network presented scientific documentation for their claims, raising the issue that no one would know the cause of death because the US either neglected to test or failed to release the results. Japan avoided the questions of natural vs. man-made and accidental vs. deliberate, simply stating that the virus outbreak may first have occurred in the US. The Western Internet appears to have been scrubbed of this information, but the Chinese media still reference it.

      …. Due to the enormous amount of Western media coverage focused on China, much of the world believes the coronavirus spread to all other nations from China, but this now appears to have been proven wrong. With about 50 nations scattered throughout the world having identified at least one case at the time of writing, it would be very interesting to examine virus samples from each of those nations to determine their location of origin and the worldwide sources and patterns of spread.Dust Mask with N95 Fil… Buy New $20.99 (as of 01:08 EDT – Details)

      The Virologist further stated that the US has recently had more than 200 “pulmonary fibrosis” cases that resulted in death due to patients’ inability to breathe, but whose conditions and symptoms could not be explained by pulmonary fibrosis. He said he wrote articles informing the US health authorities to consider seriously those deaths as resulting from the coronavirus, but they responded by blaming the deaths on e-cigarettes, then silenced further discussion. …

      The Taiwanese doctor then stated the virus outbreak began earlier than assumed, saying, “We must look to September of 2019”.

      He stated the case in September of 2019 where some Japanese traveled to Hawaii and returned home infected, people who had never been to China. This was two months prior to the infections in China and just after the CDC suddenly and totally shut down the Fort Detrick bio-weapons lab claiming the facilities were insufficient to prevent loss of pathogens. (10) (11)

      He said he personally investigated those cases very carefully (as did the Japanese virologists who came to the same conclusion).. This might indicate the coronavirus had already spread in the US but where the symptoms were being officially attributed to other diseases, and thus possibly masked.

      The prominent Chinese news website Huanqiu related one case in the US where a woman’s relative was told by physicians he died of the flu, but where the death certificate listed the coronavirus as the cause of death. On February 26, ABC News affiliate KJCT8 News Network reported that a woman recently told the media that her sister died on from coronavirus infection. Montrose, Colorado resident Almeta Stone said, “They (the medical staff) kept us informed that it was the flu, and when I got the death certificate, there was a coronavirus in the cause of death.” (12)

      We cannot ascertain the number of such cases in the US but since the CDC apparently has no reliable test kits and is conducting little or no testing for the virus, there may be others.

      ***

      Like

      • This Ft. Detrick keeps coming up …. is blood on our hands?

        https://www.militarytimes.com/news/your-military/2020/02/06/pentagon-withholding-funds-from-armys-top-medical-bio-and-chem-labs/?utm_expid=.dI5pu9xDQ5yC0HSsOtrcsw.0&utm_referrer=https%3A%2F%2Fwww.google.com%2F

        The Pentagon has withheld $104 million from research labs at Fort Detrick and Aberdeen Proving Ground, a decision that has Maryland lawmakers scratching their heads, given the expanding threat of the Wuhan coronavirus.
        Maryland’s congressional delegation sent a letter Wednesday to Defense Secretary Mark Esper expressing concern that funds have been withheld from the U.S. Army Medical Research Institute of Infectious Diseases, USAMRIID, and the U.S. Army Combat Capabilities Development Command Chemical Biological Center at Aberdeen Proving Ground, although the latter facility was misidentified in the letter.
        The funds actually are being withheld from the U.S. Army Medical Research Institute of Chemical Defense, USAMRICD, also at Aberdeen.
        The facilities, the lawmakers said, provide critical contributions … to our natural security.”
        “As our nation prepares to confront the coronavirus global health emergency … we were alarmed to learn that the Office of the Under Secretary of Defense For Acquisition and Sustainment has withheld payment for laboratory research since September 2019,” they wrote.

        John Yungton
        Is this the military facility(s) the Chinese ‘stole’ the CV from?
        Like · Reply · Mark as spam · 12h

        Wava Hamilton
        YOU MAY CONSIDER THAT THERE HAS BEEN MISHANDLING OF MANY BIO AGENTS – ASK CHEMISTS WHO WORK WITH CHINESE CHEMISTS WHO COME TO WORK IN & WITH THE U.S. AND REFUSE TO USE PROPER HANDLING SAFETY METHODS.

        Like

      • Jlwary says:

        When the e-cigarettes were banned, the issues with peoples lungs no longer occurred. I believe our scientists first before other communists with an agenda. Because of the crap China has pulled with their lies and deceit, there is no reason to believe them over us. Its quite possible a foreign actor came here, unleashed this virus, then left.

        Like

    • dondeg says:

      >>Chinese open repository for scientific researchers
      Conformist commies don’t know how to do science, whether it’s here or there. Science can only happen in a free and open society. See Lysankoism
      https://en.wikipedia.org/wiki/Lysenkoism

      Like

  21. People cheering this on fail at economics

    government spending in a recession might work, we are not in a recession.

    It doesn’t matter if you give a person 1000 dollars there is no way for them to spend that money because you have shut everything down.

    If person A spent $30 at a the local bar every week, you can give person A 10 Million dollars they can’t spend it at the local bar because you closed the bar. You closed someone’s business and that business owner gets nothing. If they are silly they will take a small business loan, if they are stupid they will take their own personal money and put it into the business. If they are smart they should fire all the employee’s torch the bar and take the insurance money.

    We are in late 1920’s territory. How long can you close an economy before it explodes.

    The GLOBAL social unrest that’s coming is going to kill more people than the virus.

    Liked by 1 person

    • GB Bari says:

      It doesn’t matter if you give a person 1000 dollars there is no way for them to spend that money because you have shut everything down.

      I dunno. IMHO they’d spend it tomorrow on TP if enough was on the shelf at Wally World.

      Who knew? I should have purchased a few thousand shares of Kimberly-Clark and P&G back in January. 🤨

      Liked by 3 people

    • walt39 says:

      $1000 isn’t really a stimulus: It’s to assure that everyone — even those who have no unemployment benefits and are laid off — has enough to eat.

      You can spend $1000/month on food and essentials.

      Liked by 1 person

      • oldumb says:

        $1000 a month is what I pay on my building, not including insurance and utilities. My work has been slashed and what I have left is automatically less profitable, because my cost are nearly the same with little work as they are when I have plenty. So I am still working some, but basically for free,

        Like

    • TreeClimber says:

      Au contraire. If my family qualifies, we’d spend every penny pretty much immediately: utilities, monthly insurance payments, rent, probably our car payment. Whatever was left would go to gas, diapers, and food. Just because you can’t think of how to spend $1,000, doesn’t mean no one can. Some of us would use it for good ol’ surviving.

      Liked by 2 people

  22. USA Citizen Trump Supporter says:

    China makes all of our medication in China, besides many other things. Now they are blackmailing USA. This is very dangerous. I pray President Donald J. Trump will make sure that our country will start making our medicines in the USA. Why is China in control? Because greedy companies knew it would be cheaper to make things in China because of their low wages. Greedy big companies are responsible for China making so many things in China. Our country has to bring those companies back into the USA. All of these companies moved to China whenever we had a Democrat President. This proves how crooked and greedy the Democrat Party is. They don’t care about the USA, they just want to get richer. Vote for honest President Trump, not crooked Democrat Joe Biden for 2020.

    Like

    • oldumb says:

      The business moved over during republican presidents also. It was a business model that made them more money. It was not illegal. No one asked them to stop. This is part of the reason the your socialist hate big business. They see a greed that crushes all. It isn’t super bad people, it is a lot of individuals working together for a single purpose, growth and money. Humans.

      Like

    • bocephusrex says:

      THIS is the silver lining in this S- show–China is going to be absolutely toxic in many sectors including PPE (personal protection equipment for healthcare workers) and drugs. If POTUS is re-elected you can count on it-

      Like

  23. But you know … I really don’t think that it is at all fair to refer to this as the “Chinese Coronavirus.”

    “Hate to say it, but …” Coronaviruses are every bit as common as Rhinoviruses. They’re usually … (achoo!!) … a nuisance. “The Common Cold.”

    The blowback from this whole thing is very quickly going to become enormous.

    We will soberly realize that this was actually “an extraordinary governmental test of mass psychology … of crowd control.”

    Liked by 2 people

    • TarsTarkas says:

      “an extraordinary governmental test of mass psychology … of crowd control.”

      Who is doing this? A particular country? A particular government agency or supranational organization? A company? Certain people? Don’t be afraid to name names.

      Like

    • bocephusrex says:

      I have a slightly different perspective because I work in healthcare. The reality is that there aren’t enough ICU beds and related equipment in the US. There is also a massive shortage of PPE (personal protection equipment for healthcare workers like gloves/masks etc) because almost all of it comes from China (and the rest of Asia) I’m convinced this is why Ohio shut down other sectors of the healthcare industry-in order to reduce the demand for PPE. So if the significantly large elderly population here needs a lot of hospital beds from complications from an extremely contagious virus, it becomes problematic for anyone who needs to be treated in a hospital. Do I think it was worth destroying $25 TRILLION in global wealth–of course not. Time will tell just how effective or ineffective the national shut-down was –

      Like

    • Ackman419 says:

      I agree. The shrinks, dinks, and propaganda ministers will have a careers worth of data to work with. I see liberal unis starting entirely new majors devoted to the dynamics and effects of this event.
      It’s like a global rat maze study.

      Like

  24. IGiveUp says:

    Senator Dumped Up to $1.7 Million of Stock After Reassuring Public About Coronavirus Preparedness

    Intelligence Chair Richard Burr’s selloff came around the time he was receiving daily briefings on the health threat.
    https://www.propublica.org/article/senator-dumped-up-to-1-6-million-of-stock-after-reassuring-public-about-coronavirus-preparedness

    Liked by 3 people

  25. Tonight they just shut down economic activity in PA, ouch a whole bunch of people just got fired tonight

    Like

    • Jason Ross says:

      The height of hysteria. One single death of a Covid-19 patient in PA

      Like

      • vikingmom says:

        At what point will the hysteria stop so that we can have an actual conversation about risk/benefit analysis? I am NOT heartless, but this bizarre media driven hysteria that says there is no economic cost that is too high to pay if it MIGHT prevent one person from contracting this disease is just mind blowing!

        I have a mother with dementia, who is prone to falls, living in a Memory Care facility and I was notified yesterday that I am not allowed to visit her AT ALL, for at least a month! I have a friend who is due with a baby in two weeks and her husband will not be allowed into the hospital when she delivers! My son is in a Master’s Program to get his Teaching certification and they may have to postpone the whole program for A YEAR because of the way it is set up to include student teaching as part of the course work and all of the schools are currently closed! Our police academy just shut down – this is the facility that certifies all law enforcement officers in our state, and smaller jurisdictions may have to wait months to get a slot, while larger cities are desperately short staffed, which endangers both the public and the officers currently on the street, but nope, gotta shut that down too!!

        It is getting beyond ridiculous and I suspect that people are going to start getting pretty angry pretty soon, as all of these real world examples pile up vs a possible worse case scenario that is still significantly less than the number of deaths every year to the normal flu!!

        Liked by 5 people

        • Chip Doctor says:

          Vikingmom, I am really sorry about you not being able to visit your mom. My dad is suffering because he cannot see my mother who is in an Alzheimer’s unit in their retirement community. He suffers because he is the only one that she recognizes anymore and I am sure she does not understand why he just quit coming. My dad’s entire life revolves around his twice daily visits. This all sucks, but I truly believe this will be over much quicker than any of us think.

          Like

          • vikingmom says:

            I pray that you are right…and I am sorry about your parents as well. This disease is horrible and it takes an awful toll on the families too. All of this hysteria is NOT helping and no one seems to have any good answers as to exactly how far down “the curve” needs to bend before we can resume normal life!! That’s the question that I want to see asked!!

            Like

        • InAz says:

          Agree. It is beyond ridiculous.
          The Commie media is responsible and their overlords….Commie Dem party

          I sent an email to the White House. Asked the Administration to figure out a way to go after the media for creating hysteria, panic with their fear mongering

          Liked by 1 person

        • livefreeordieguy says:

          🙏 for you, your Mom, your friend and your son… this insanity will end and fairly soon.

          Like

        • Jason Ross says:

          It seems like everyone is just blindly accepting these consequences as necessary. The day it suddenly ceases will be a day with lots of finger-pointing, and I hope the media is rightly called out

          Liked by 1 person

  26. URGENT- please share this far and wide. THEY ARE NOW MESSING WITH THE TRUCKERS!
    This must be a first priority for our President Trump and his team!

    What the hell is wrong with these disgusting BUREAUCRATS who are all getting a nice, all expenses paid two month vacation. This will kill more people than the damn Chinese Wuhan flu virus.

    https://pjmedia.com/trending/urgent-states-making-life-impossibly-hard-for-truckers-who-cant-find-food-and-bathrooms-find/

    Like

  27. Old Ez says:

    I will look again tomorrow. But from what I saw today at the SBA, my small business will go under. Several families will have to hope the government can take care of them. By the time I can get an emergency loan to tide us through, it will be too late. I will fight to stay open until the bitter end, but with laid-off customers being told to stay home, the handwriting is on the wall.

    Like

  28. cherokeepeople says:

    AJ i find those articles very interesting as it notes that we need to look back to sept 2019.just after my wifes birthday in mid sept she developed a dry cough,she was to her dr 3 or 4 times from sept thru the beginning of january,finally found some meds that knocked it out of her.but now with this ung flu i wonder if thats not what she had.

    Like

  29. Bigbadmike says:

    We had a great week in sales. Started taking employees temps today. Everyone OK. We had our first cases of Chinese Flu yesterday in our County. Loser Pritzker will try and shut us down. But we are an essential Business. Waiting for the knock on the Door.

    Like

  30. Thank you president all you doing a Great job especially during this difficult time,
    we stand with you and support you 100%,
    also Thanks for VP and your all administer are A+ Great team,

    Liked by 1 person

  31. Ragle Gumm says:

    I just want to say that I thank G-d for President Trump and his staff. For the first time in my life, I can honestly say that I really love that man, President Trump. He is the right man for these times. Thank G-d! And, for all you people reading this post, may G-d protect you as well. I am ready to go back to work and make this economy explode, as all of you are.

    Liked by 1 person

  32. cheryl says:

    Apocalypse Fatigue: Why Won’t At-Risk Boomers Panic About the Wuhan Virus?
    I’d be glad to explain why the over-50 demographic is not panicking in the fashion that our young, know-it-all journalists would like. It’s simple. We’ve been through a lifetime of media-hyped hysterias and apocalyptic predictions. If not complete hoaxes, they were falsely reported or over-hyped.
    http://acecomments.mu.nu/?post=386412

    Liked by 1 person

  33. Heine Ootenvault says:

    Maybe President Trump needs to ask Xi if Chinese reparations to Americans having lost jobs or businesses is in order …

    Like

  34. CharterOakie says:

    Mnuchin is excellent. Consummate pro.

    POTUS knows how to build and lead great teams.

    Like

  35. cherokeepeople says:

    i’m still working .i don’t make the 75k and i don’t need the money so i would rather not get one.can i opt out of it.

    Like

  36. Chip Doctor says:

    Mexico is paying for the wall and the Chicoms will pay for this one way or another. We will hit back twice as hard

    Like

  37. bluenova1971 says:

    POTUS said something today that got my attention. When asked about help for big companies, he mentioned the stock buybacks that some had done, and how that might affect the aid available.

    I think he is spot-on in this. Most buybacks have only helped inflate the companies’ share prices, which in turn usually increased the company executives’ bonus plans.

    Like

  38. This probably will sound harsh to you all but you probably don’t own business’s.

    However if you own a business and the state shuts you down the first thing you should do is fire all your employees.

    Don’t fall for the SBA lie, they want you to take the loan so you wont fire your employee’s and make them the governments problem.

    I’m sorry but I the business owner didn’t fire you the government fired you and so the government should take of you, why should I have to take on debt and pay for something that was caused by the government.

    Also its not my fault if you are angry call up your elected official and yell at them.

    Like

    • bluenova1971 says:

      I don’t currently own a business, but over the years have owned several, most recently a restaurant/bar/club for over 20 yrs, with an average of 12 employees most of the time.

      I honestly don’t know WTF I would do if I were still operating the business.

      Like

  39. Magabear says:

    Well, my moron governor here in PA just crapped all over our economy by ordering all “non-life saving” industries to shutdown starting tomorrow. My company makes parts for the energy industry, including nuclear reactors, so are we going to shut all the lights off too?

    As of right now, we don’t know if we’re showing up for work or not tomorrow due to the completely unclear declaration from this clown Wolf. The PA controlled legislature is threatening to sue Wolf for ovetstepping his boundaries. All this due to 185 people testing positive for this virus. This is insane!

    Like

    • This has never been done before.

      We are taking business’s with a monthly income of X and over night making that 0.

      It doesn’t work like that in a recession X might decrease by 25% or something we are taking it all the way to 0 OVERNIGHT.

      When the income goes to 0 I don’t fire 10% of my employees I fire ALL my employees.

      Like

  40. Ackman419 says:

    I ain’t gonna lie: My family can use the money.
    We have debt, mortgage, car payments, preschool, etc. Just like most Americans.
    We will likely use the corona money on a mortgage payment and pay down other debt.
    No, we won’t be injecting it back into the Main Street economy. Unfortunately, it will go towards corporate and bank interests.
    But, it will free up our normal income that will go to our local businesses in some way.
    That’s just real life.

    Like

  41. pucecatt says:

    Calif here , we do “ hot isostatic processing” we have less than 50 employees and do work for many big companies , Boeing , Pratt , RR , NASA , etc .. are they going to tell us to shut down ? This is insane ..

    Like

    • At the same time as shutting you down the government is telling you not to fire your employees and forcing you via the SBA to take on debt.

      Like

      • bocephusrex says:

        Its my understanding that the ‘Economic Injury’ loans which the SBA makes in cases like this (has there EVER BEEN a case like this?) are made to business who are unable to get any other loans. So if your bank says “okay we’ll loan you money at 8%” and you can’t afford it, the SBA won’t help you. Small businesses are going to go under by the thousands-

        Like

  42. wodiej says:

    People should always have at least 2 months of savings. I have been thrown out of work twice. Both times even though the economy was terrible, I found some type of work. Mowing lawns, painting new construction, courier small deliveries, even my high school job at Arby’s.

    My parents worked at GE for 30+ years. When there was a strike, they received $40 strike pay a week and nothing else. My Dad would pick up odd jobs like working at the junkyard. They made ends meet with 5 kids and no one sent me or them a government check.

    Like

    • if the scientists are right this isn’t 2 months its much longer.

      Also no one living has ever experienced an economy like this

      All across this country business’s income is going to 0 overnight that equals 100% layoffs

      The government is going to have to print money non stop or it all goes boom

      Like

  43. scrap1ron says:

    The US should declare that any of our national debt owed to China is “paid in full” for the act of war the Chicoms have done to us. Kick them out of our financial institutions. Tell the multi-national corporations to move our manufacturing back to North America or they don’t get a dime in financial aid. None of that aid shall be spent on CEO raises either.

    Liked by 1 person

  44. Phillip says:

    CALL TO ALL PATRIOTS!! The deep state is behind this hysteria. Conveniently timed for November. Of course the response is to spend more money; money we don’t have. I understand that these times are tough, but here is my call to all patriots. When you receive the $1000.00 government check, you flip it over, endorses it, then write the following:

    PAY TO THE ORDER OF:

    Donald J. Trump President, Inc
    C/O Trump Tower
    725 5th Avenue
    New York, NY 10022

    If 10 Million Patriots made this sacrifice, this re-election fund would be $10 Billion in re-election funds.More and most importantly, this would send shock waves throughout the swamp. The message would be clear and all the filthy deep staters would be put on notice. The next four years are your Waterloo! God Bless all, and God Bless the United States of America!

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s