In this outline we will explain the usefulness of COVID-19 as a weaponized tool to transfer wealth and achieve a global economic reset.  If you have followed the economics of Main Street -vs- Wall Street (Multinationals), you have a baseline to understand these steps.

If you get too granular, missing the larger picture, it is difficult to understand. However, if you stay at the elevated perspective, understanding leads to awakening.  We begin…

In generally approximated terms 2020 has delivered a serious financial blow to Main Street businesses.

The COVID-19 lockdowns and shutdowns have led to business in your local community suffering massive losses of income while simultaneously taking on debt directly from lenders or indirectly from government relief efforts.  Main Street has been hit hard, some analysts estimate 40 to 50 percent of those businesses may not recover.

Conversely, the COVID-19 lockdowns and shutdowns have created a massive income benefit for multinationals, Wall Street corporations and big tech.  Amazon, Walmart and massive tech companies had their highest earnings ever recorded in 2020.

According to most maco-analysis somewhere around forty percent of Main Street economic wealth was lost or suspended in 2020 due to COVID-19.  Simultaneously the multinational firms have seen increases in stock evaluations of forty percent.  These two almost identical numbers are not coincidental.  The billionaire class (multinationals) have gained wealth in an almost identical amount the middle-class (Main Street) lost.

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REPOSTED BY REQUEST – CTH often describes the background DC motives with the phrase: “There are Trillions at Stake.” Here we take a look at what that really means, and how DC politics is not quite based on the ideas that frame many reference points.

With people taking notice of DC politics for the first time; and with people not as familiar with the purpose of DC politics; we end up within two different references. Perhaps it is valuable to reset the larger frames of reference and provide clarity.

Most people think when they vote for a federal politician -a House or Senate representative- they are voting for a person who will go to Washington DC and write or enact legislation. This is the old-fashioned “schoolhouse rock” perspective based on decades past. There is not a single person in congress writing legislation or laws.

In modern politics not a single member of the House of Representatives or Senator writes a law, or puts pen to paper to write out a legislative construct. This simply doesn’t happen.

Over the past several decades a system of constructing legislation has taken over Washington DC that more resembles a business operation than a legislative body. Understand this dynamic and you understand how politicians become multi-millionaires on much lesser salaries; and why ‘We The People’ are insignificant and annoying gnats to their business model.  Here’s how it works right now.

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With 30-days left before the election perhaps it’s worthwhile remembering what all of this opposition is about…. Something 99% of American voters do not quite understand.

Congress doesn’t actually write legislation. The last item of legislation written by congress was sometime around the mid 1990’s. Modern legislation is sub-contracted to a segment of DC operations known as K-Street. That’s where the lobbyists reside.

Lobbyists write the laws; congress sells the laws; lobbyists then pay congress lucrative commissions for passing their laws. That’s the modern legislative business in DC.

When we talk about paying-off politicians in third-world countries we call it bribery. However, when we undertake the same process in the U.S. we call it “lobbying”.

CTH often describes the system with the phrase: “There are Trillions at Stake.” The process of creating legislation is behind that phrase. DC politics is not quite based on the ideas that frame most voter’s reference points.

With people taking notice of DC politics for the first time; and with people not as familiar with the purpose of DC politics; perhaps it is valuable to provide clarity.

Most people think when they vote for a federal politician -a House or Senate representative- they are voting for a person who will go to Washington DC and write or enact legislation. This is the old-fashioned “schoolhouse rock” perspective based on decades past. There is not a single person in congress writing legislation or laws.

In modern politics not a single member of the House of Representatives or Senator writes a law, or puts pen to paper to write out a legislative construct. This simply doesn’t happen.

Over the past several decades a system of constructing legislation has taken over Washington DC that more resembles a business operation than a legislative body. Here’s how it works right now.

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Once again the New York Times attempts to make an issue out of President Trump’s real estate holdings working as a tax shelter and reducing income taxes.

In the article the Times completely obfuscates the way income taxes are strategically offset by depreciation, mortgage interest and the entire reason why real estate ownership is viewed as a business.

John Carney writing for Breitbart gets it:

[…] So imagine our guy took out an $8 million mortgage at five percent, paying $2 million cash. Now he’s got to pay $400,000 in mortgage payments. He wants to make at least that much so he charges tenants an aggregate of $425,000, which after upkeep comes out to $410,000 of net income. (Remember, if the bank didn’t think he could make more in rent than the mortgage payment, it probably wouldn’t have lent him the money.) The interest payment on the loan–let’s call it $390,000–is deductible from his income, leaving him with $20,000 in net income. He gets to keep that and pay no taxes on it, however, because he still gets to apply the $370,000 depreciation charge. He tells the IRS he lost $350,000.

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National Economic Council Director Larry Kudlow appears on Fox Business to discuss today’s report on jobs from the Bureau of Labor and Statistics.

The estimated  unemployment rate jumped to 14.7 percent. Kudlow brings up a good point: allow people to take a tax deduction for COVID-19 expenses.

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Treasury Secretary Steven Mnuchin appears for a wide-ranging interview with Maria Bartiromo. Topics include international travel, the Paycheck Protection Program progress, small business relief, and overall rebuilding of the U.S. economy amid COVID-19 mitigation.

The first few minutes of the interview are weird because Bartiromo doesn’t seem to recognize the PPP program is essentially a grant to small business to keep their employees on payroll. Ms. Bartiromo appears to want the PPP grants to be shifted to free money to replace business revenue, and she’s pushing hard for her Wall St buddies.

Secretary Mnuchin tries to remind Bartiromo that businesses can apply for bridge loans, but the PPP is actually a grant. Bartiromo argues that all businesses should have free money bailouts to replace revenues; an impossible suggestion.

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White House Advisor to the President Kevin Hassett discusses the importance of using May to get as many states open as possible.  The President has asked for data daily to measure the amount of the economy that is reopening.  As the economy opens there’s less need for a ‘phase-4’ relief/bailout bill.

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Fox News host Chris Wallace is to Fox News as George Stephanopoulos is to ABC.  Both members of the allied uniparty system function for the same purpose.  Once you see the strings on the marionette is impossible to go back to a time when you did not see them. Wallace’s job is to manipulate his audience while giving the impression of questioning.

In today’s interview with Secretary Mnuchin the insufferable Wallace is cheering for as much economic damage as possible and questioning anyone who might dare have a more fact-based approach.  At one point Wallace even calls the CBO “independent experts”.

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The biggest of all the bigger financial issues around the economic shut-down will ultimately come down to a battle this spring/summer over a massive bailout for state governments to replace their missing revenue.  States like California, New Jersey, Illinois, Connecticut & New York have been struggling with financial issues for years.

“You never let a serious crisis go to waste. And what I mean by that it’s an opportunity to do things you think you could not do before.”  ~ Rahm Emanuel

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Representative Jim Jordan appears on Fox Business with Lou Dobbs to discuss Trump Removal 4.0.  As Jordan outlines there are already eight different oversight teams looking over the Wuhan Virus spending. The Clyburn committee was exclusively created to target President Trump.

Additionally, Jordan goes to the big picture and discusses the latest revelations about the DOJ and FBI; while holding cautious optimism toward Bill Barr and John Durham.

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Man, if only the House would have made Jordan the Speaker in January 2017.

::heavy sigh::

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Republicans and Democrats finally agreed on a supplemental spending bill that will bolster the paycheck protection program with an additional $321 billion in relief funds.

[WASHINGTON] – […] The deal also includes $60 billion in loans and grants for economic disaster assistance, $75 billion for hospitals and $25 billion for coronavirus testing. Of that testing money, $11 billion will go to states and some will also go to the federal government.

Democrats admitted defeat on their demands for $150 billion for states and local governments after McConnell and Mnuchin took a hard line against including that money. (read more)

Likely President Trump and Secretary Mnuchin will discuss during today’s briefing. The bill should pass later this week.