Friday, March 20, 2020

"Employees Are Ready To Riot": A BofA Trader Erupts After Being Ordered To Stay On An Infected Trading Floor

From Zero Hedge:

With Gov. Cuomo ordering virtually every New Yorker to go home and only non-essential businesses to stay open, one would think Wall Street trading desks would be a ghost town right about now. After all, shuffling pieces of digital paper with an arbitrary value back and forth can hardly be considered essential work, even in the financial capital of the world, especially when most of this shuffling can be conducted from any computer.
Maybe, but for thousands of Wall Street professionals it's not that simple. For one, there is the dramatic slowdown in trade as an infrastructure geared for speed, where billions have been spent on microwave towers and laser signaling, goes unused. And then there are all the other complications arising from telling a head PM to trade out of his bedroom.
As Bloomberg details, Columbia Threadneedle’s Gene Tannuzzo said completing trades is harder then ever, in part because many dealers working remotely don’t have full capacity to transact. Lon Erickson, a PM at Thornburg Investment Management said it’s taking longer to get all parties on the phone to spot, or agree on where a Treasury yield is in order to price a corporate bond. And in this illiquid market, by the time a trade ticket is punched, the price may have moved by several percent.
"It can increase the wait and anxiety because Treasuries move a lot in five minutes in this current market,” Erickson told Bloomberg. "And if you are in a knife fight over individual basis points on a daily basis, that will be more anxiety than you maybe want to live with."
It's not just the inability to quickly round up the middle and back office; for some it means conducting millions in trades over unreliable WiFi networks (perhaps "borrowed" from the nearby Starbucks):
A swath of the world’s traders, analysts, sales personnel and money managers are working from home on makeshift arrays of monitors some have dubbed “Rona Rigs,” for the coronavirus pandemic that’s forcing Wall Street to lock down trading floors to all but the most essential staff. While there are some fans of telecommuting, complaints abound among traders over poor WiFi internet connections, small screens, lack of access to office resources and kids running crazy in the background.
Then there is the unexpected complication of actually parenting one's kids. With daycare and schools around the country close, parents are supposed to moonlight as nannies, which can be problematic for someone following flashing read headlines and keeping track of charts on 8 different screens. Tannuzzo, who is also fighting with children to prevent them from sucking up the broadband with Netflix, said it’s “taking more time to get trades done, especially in any size.”
Tony Farren and his partner Glen Capelo at Mischler Financial Group are among those who see coming into the office as the only way to efficiently trade for clients. At their office in Stamford, Connecticut, they have 12 screens between them to monitor markets. At home that number falls to four.
For DoubleLine Capital’s Greg Whiteley, the rigors of working from home are less about technical difficulties: It’s the blurred line between professional and personal life. The Los Angeles-based portfolio manager of government securities said he feels like he’s always on the job.
"It sort of makes the week one long day instead of a series of separate days," he said. “I have the work station set up here at home and I’m wandering past, checking on the market and having conversations with colleagues about 16 hours a day.”
In the last two editions of his daily Early Morning Reid, DB's Jim Reid recounts several very vivid anecdotes of just how blurred this personal/professional line has become:
Working from home has ruined my exercise regime. As regular readers will know I walk to the station, walk from station to office, walk to meetings and walk just for the sake of walking. A slow financial market Forest Gump. At the moment walking is limited to between my kitchen and my study. So my calorie and step count on my iPhone has taken a severe hit. However in-spite of being as busy as I can remember (apologies if I haven’t responded to an email. I can’t keep up) I’m now trying to get into a routine of answering emails twice a day from my exercise bike. So if you get an email from me I’ll more than likely on my bike. In fact I’m writing this paragraph on it too.
... and:
Over the past three weeks I’ve kept light hearted introductions to a minimum as I’m sure you’ve got more important things to worry about. However I must tell you about the stresses of working from home yesterday and also highlight that I’ll be live from home on Bloomberg TV this morning at 9am GMT assuming I can keep the twins at bay and my Wi-Fi works. Last night my wife helped me replace all the sports and music books with business ones on the shelves behind my desk. I’ve left one rogue book. See if you can spot it. Anyway, yesterday my mobile reception suddenly decided to die at home and I got kicked off an internal conference call and couldn’t get back in as I had no reception. With an hour to go until my client credit conference call with nearly 1500 registered I realised I couldn’t do the call. We don’t have a landline so my wife offered to drive to buy a phone. On returning 20 minutes before the call we realised that the builders hadn’t created the phone port properly. We found that the only available socket was in our boiler cupboard where all the electrics and internet/phone line come in. With 10mins to go we unwrapped the phone and discovered it needed 16 hours of charge! So we put it on charge and I used my wife’s mobile instead. Reception cut out just as I started the call. So I then had to tuck myself into the boiler cupboard and gamble that one bar of battery was enough. I also had to turn the central heating off so it didn’t fire up during the call. My family froze for the benefit of our clients. I’m not sure other brokers can match that for commitment. It was a very stressful hour. Anyway if you want to hear the replay, register here to get the number. See you live from my home at 9am.
Whether it is due to traders working off site, or because the Fed's liquidity injections have failed to backstop markets, liquidity indeed cratered this week, reaching levels worse than those during the financial crisis and resulting in outsized market moves which have only spike trader angst further. That’s creating a “large-scale operation risk” just as the plumbing of the financial markets is being tested, Joshua Younger, the head of U.S. interest rate derivatives strategy at JPMorgan Chase & Co., warned last week.
Yet while most traders lament their WFH fate, investment bank directives don’t extend to every trader, some of whom are considered mission critical employees. It is those employees who are told to come to the office, that find themselves with the worst possible outcome.
One such trader reached out to us: wishing to remain anonymous, he said that "everyone at Bank of America is scared to death, but not sure what to do, because the bank is still requiring all traders, even those with full work-from-home capabilities, to come into the office, even after multiple confirmed cases of COVID19 on the trading floor."
Further, he notes, this is after all exchanges and regulatory bodies have given relief from any rules requiring traders to transact from an address that the business has as a registered place of business.
Multiple coworkers are pregnant or have pregnant spouses at home, or are in the high risk age group, yet the bank demands folks continue to come into work and sit in highly condensed areas (CDC recommends gatherings of no more than 10 people!) and do work as usual on the trade floor.
Asked if Cuomo's decision announced today that non-essential businesses have to shut down, the trader said that that won't make a difference:
Saying traders are designated as essential employees
Even if capable of trading from home, not allowed Bc they are demanding employees still report to the office, even with multiple confirmed COVID19 cases in the office
Exchanges and regulators have given relief for requirements that trades be done at a registered address, yet BOFA still using this as the reason for requiring folks to come in
His conclusion: "Employees are ready to riot."
He is hardly alone, because even as most other Wall Street banks and funds pull most of their non-critical employees, they are keeping skeleton crews of key traders who ensure that "the machines stay on", even if it means their chances of contracting the deadly virus skyrocket. And since for Trump avoiding a (even bigger) market crash is of utmost importance, we are curious how the administration will resolve this particular thorny issue: on one hand the US financial capital is now on lockdown due to over 5,000 coronavirus cases and counting, yet where on the other hand, a real lockdown with trading floors completely deserted could mean that the 30% plunge in stocks so far, which has wiped out almost all of the Trump administration gains, is just an appetizer for what is coming.

"The Number Is Off The Charts" - Record Outflows From Everything, Record Inflows Into Cash

From Zero Hedge:

There is just one word to describe fund flows over the past week: sheer, unadulterated panic, and this time instead of dumping equities investors are also puking fixed income left and right.
Summarizing the latest weekly EPFR data, BofA's Michael Hartnett puts it thus:
  • Record $108.9BN out of bonds (Monday = largest daily outflow ever at $30.2bn
  • Record $55.3BN out of investment grade bonds, Monday was largest daily outflows ever ($17.8bn).
  • Record one day outflow from equities on Friday, at $20.2bn
  • Record $18.8bn out of EM debt, Monday was largest daily outflows ever at $4.7bn.
  • Record $5.2bn out of MBS this week.
  • Record $11.1bn out of municipal bonds this week (Chart 6).
  • Record $3.6bn out of TIPs this week.
  • Biggest 4-weeks outflow from financial ($8.6bn) ever.
  • 5th largest outflow from gold ever ($2.5bn).
But...
  • Record $249BN inflow into government money-market funds
  • 4th largest inflow to cash ever ($95.7bn).
Guess cash is not trash after all.
The best summary of what happened to the sudden reversal in credit flows belongs to Gregory Staples, head of fixed income at DWS Investment Management, who said that "the flows into IG have been so steady over the past eight years, that it was like the farmer coming with a daily handful of grain to feed the turkey in the back yard." Only "today what the farmer had in his hand was an axe.”
”The number is off the charts, but so is the magnitude of this market correction,” Dorian Garay, a portfolio manager at NN Investment Partners, said in reference to the investment-grade bond outflows.
Despite the historic turmoil, Bloomberg reports that some investment-grade companies including Walt Disney and PepsiCo managed to find windows of opportunity to issue new debt. In fact, as reported previously, many firms selling bonds and drawing down on their revolver this week were doing so to reduce their reliance on the commercial paper market, where prices have risen rapidly amid a broad market seize-up.
Not everything was being liquidated: total assets in government money-market funds rose by $249 billion to an all-time high of $3.09 trillion in the week ended March 18, as investors plowed money into the safety of cash and cash equivalents. The previous weekly inflow record? $176 billion set in September 2008 just after Lehman Brothers filed.
Other money-market funds were not so lucky: prime funds which invest in higher-risk assets such as commercial paper, and which froze up when they "broke the buck" in 2008, received a Fed bailout this week after they suffered a mini "run" of $85.4 billion, the largest move since October 2016, as total assets fell to $713 billion.

EXCLUSIVE: INSIDE THE MILITARY'S TOP SECRET PLANS IF CORONAVIRUS CRIPPLES THE GOVERNMENT

From Newsweek:
Even as President Trump says he tested negative for coronavirus, the COVID-19 pandemic raises the fear that huge swaths of the executive branch or even Congress and the Supreme Court could also be disabled, forcing the implementation of "continuity of government" plans that include evacuating Washington and "devolving" leadership to second-tier officials in remote and quarantined locations.
But Coronavirus is also new territory, where the military itself is vulnerable and the disaster scenarios being contemplated -- including the possibility of widespread domestic violence as a result of food shortages -- are forcing planners to look at what are called "extraordinary circumstances".
Above-Top Secret contingency plans already exist for what the military is supposed to do if all the Constitutional successors are incapacitated. Standby orders were issued more than three weeks ago to ready these plans, not just to protect Washington but also to prepare for the possibility of some form of martial law.
According to new documents and interviews with military experts, the various plans – codenamed Octagon, Freejack and Zodiac – are the underground laws to ensure government continuity. They are so secret that under these extraordinary plans, "devolution" could circumvent the normal Constitutional provisions for government succession, and military commanders could be placed in control around America.
"We're in new territory," says one senior officer, the entire post-9/11 paradigm of emergency planning thrown out the window. The officer jokes, in the kind of morbid humor characteristic of this slow-moving disaster, that America had better learn who Gen. Terrence J. O'Shaughnessy is.
He is the "combatant commander" for the United States and would in theory be in charge if Washington were eviscerated. That is, until a new civilian leader could be installed.
'We're in territory we've never been in before'
What happens, government expert Norman Ornstein asked last week, if so many members of Congress come down with the coronavirus that the legislature cannot meet or cannot muster a quorum? After 9/11, Ornstein and others, alarmed by how little Washington had prepared for such possibilities, created a bipartisan Continuity of Government Commission to examine precisely these and other possibilities.
It has been a two-decade long futile effort, Ornstein says, with Congress uninterested or unable to either pass new laws or create working procedures that would allow emergency and remote operations. The rest of the federal government equally is unprepared to operate if a pandemic were to hit the very people called upon to lead in an emergency. That is why for the first time, other than planning for the aftermath of a nuclear war, extraordinary procedures are being contemplated.
In the past, almost every imagined contingency associated with emergency preparedness has assumed civil and military assistance coming from the outside. One military officer involved in continuity planning calls it a "cavalry" mentality: that military assistance is requested or ordered after local civil authority has been exhausted.
"There might not be an outside," the officer says, asking that she not be named because she is speaking about sensitive matters.
In recognition of the equal vulnerability of military forces, the Pentagon has instituted unprecedented restrictions on off-base travel. Last Wednesday it restricted most overseas travel for 60 days, and then on Friday issued supplemental domestic guidance that essentially keeps all uniformed personnel on or near military bases. There are exceptions, including travel that is "mission-essential," the Pentagon says.
Mission essential in this regard applies to the maze of more than a dozen different secret assignments, most of them falling under three larger contingency plans:
  • CONPLAN 3400, or the military's plan for "homeland defense," if America itself is a battlefield.
  • CONPLAN 3500, "defense support of civil authorities," where the military assists in an emergency short of armed attack on the nation.
  • CONPLAN 3600, military operations in the National Capital Region and continuation of government, under which the most-secret plans to support continuity are nested.
All of these plans are the responsibility of U.S. Northern Command (or NORTHCOM), the homeland defense military authority created after 9/11. Air Force General O'Shaughnessy is NORTHCOM's Colorado Springs-based commander.
On February 1, Defense Secretary Mark T. Esper signed orders directing NORTHCOM to execute nationwide pandemic plans. Secretly, he signed Warning Orders (the WARNORD as it's called) alerting NORTHCOM and a host of east coast units to "prepare to deploy" in support of potential extraordinary missions.
Seven secret plans – some highly compartmented – exist to prepare for these extraordinary missions. Three are transportation related, just to move and support the White House and the federal government as it evacuates and operates from alternate sites. The first is called the Rescue & Evacuation of the Occupants of the Executive Mansion (or RESEM) plan, responsible for protecting President Trump, Vice President Mike Pence, and their families--whether that means moving them at the direction of the Secret Service or, in a catastrophe, digging them out of the rubble of the White House.
The second is called the Joint Emergency Evacuation Plan (or JEEP), and it organizes transportation for the Secretary of Defense and other national security leaders so that they can leave the Washington area. The Atlas Plan is a third, moving non-military leaders – Congressional leadership, the Supreme Court and other important figures – to their emergency relocation sites. Under Atlas, a still- secret bunker would be activated and cordoned, with government operations shifting to Maryland.
The three most compartmented contingencies – Octagon, Freejack, and Zodiac – call upon various military units in Washington DC, North Carolina and eastern Maryland to defend government operations if there is a total breakdown. The seventh plan – codenamed Granite Shadow – lays out the playbook for extraordinary domestic missions that involve weapons of mass destruction. (I disclosed the existence of this plan in 2005, and its associated "national mission force"--a force that is on alert at all times, even in peacetime, to respond to a terrorist attack or threat with the nuclear weapon.)
Most of these plans have been quietly activated during presidential inaugurals and State of the Union addresses, the centrality of the weapons of mass destruction scenario seen in the annual Capital Shield exercise in Washington. Last year's exercise posited a WMD attack on Metro Station. Military sources say that only the massive destruction caused by a nuclear device – or the enormous loss of life that could be caused by a biological agent – present catastrophic pressure great enough to justify movement into extra-Constitutional actions and extraordinary circumstances plans.
"WMD is such an important scenario," a former NORTHCOM commander told me, "not because it is the greatest risk, but because it stresses the system most severely."
According to another senior retired officer, who told me about Granite Shadow and is now working as a defense contractor, the national mission force goes out on its missions with "special authorities" pre-delegated by the president and the attorney general. These special authorities are needed because under regulations and the law, federal military forces can supplant civil authority or engage in law enforcement only under the strictest conditions.
When might the military's "emergency authority" be needed? Traditionally, it's thought of after a nuclear device goes off in an American city. But now, planners are looking at military response to urban violence as people seek protection and fight over food. And, according to one senior officer, in the contingency of the complete evacuation of Washington.
Under Defense department regulations, military commanders are authorized to take action on their own – in extraordinary circumstances – where "duly constituted local authorities are unable to control the situation." The conditions include "large-scale, unexpected civil disturbances" involving "significant loss of life or wanton destruction of property." The Joint Chiefs of Staff codified these rules in October 2018, reminding commanders that they could decide, on their own authority, to "engage temporarily" in military control in circumstances "where prior authorization by the President is impossible" or where local authorities "are unable to control the situation." A new Trump-era Pentagon directive calls it "extreme situations." In all cases, even where a military commander declares martial law, the directives say that civil rule has to be restored as soon as possible.
"In scenarios where one city or one region is devastated, that's a pretty straightforward process," the military planner told me. "But with coronavirus, where the effect is nationwide, we're in territory we've never been in before."
President Trump Delivers State Of The Union Address To Joint Session Of Congress
Supreme Court Justices Neil Gorsuch and Brett Kavanaugh attend the State of the Union address in the chamber of the U.S. House of Representatives at the U.S. Capitol Building on February 5, 2019 in Washington, DC.POOL/GETTY
An extended period of devolution
Continuity of government and protection of the presidency began in the Eisenhower administration with the possibility emerging that Washington could be obliterated in an atomic attack. The need to plan for a nuclear decision-maker to survive even a direct attack led to the building of bunkers and a maze of secret procedures and exceptions, many of which are still followed to this day. Congress was also folded in – at least Congressional leadership – to ensure that there would always be a Constitutional successor. And then the Supreme Court was added.
Before 9/11, continuity and emergency programs were broadened beyond nuclear war preparedness, particularly as hurricanes began to have such devastating effects on modern urban society. And because of the advent of pandemics, broadly beginning with the Avian Influenza, civil agencies responsible for national security, such as the Department of Health and Human Services, which is the lead agency to respond to coronavirus, were also brought into continuity protection.
Despite well-honed plans and constant testing over 30 years, the attacks of September 11, 2001 severely tested all aspects of continuity movement and communications. Many of the procedures written down on paper were either ignored or thrown out the window. As a result, continuity had a second coming, billions spent by the new Department of Homeland and the other national security agencies to ensure that the Washington leadership could communicate and move, a whole new system established to be ready if a terrorist attack came without warning. Bunkers, many shuttered at the end of the Cold War, were reopened and expanded. Befitting the panic at the time, and the atomic legacy, the most extraordinary planning scenario posited a terrorist attack that would involve an improvised nuclear or radiological dispersal device in a major American city.
The terrorist attack scenario dominated until 2006, when the disastrous government response to Hurricane Katrina in New Orleans shifted federal government preparedness to formally adopt an "all-hazards" system. Civil agencies, the 50 states and local communities – particularly large cities – all began to synchronize emergency preparedness with common protocols. U.S. Northern Command was created to harness military assistance in domestic disasters, it's three overarching contingency plans the product now of 15 years of trial and error.
Government at all levels now have extensive "continuity" programs to respond to man-made and natural disasters, a national response framework that has steadily grown and taken hold. This is the public world of emergency response, ranging from life-saving efforts to protect and restore critical infrastructure, to drills that practice the evacuation of key officials. It is a partnership created between federal government agencies and the States, carefully constructed to guard the rule of law.
In July 2016, Barack Obama signed the classified Presidential Policy Directive 40 on "National Continuity Policy," establishing "essential functions" that government agencies were tasked to protect and retain. At the highest level were the National Essential Functions, those that posit "the continued functioning" of government under the Constitution. In order to preserve Constitutional rule, agencies were ordered to have not just a line of succession but also one of "devolution," a duplicate chain of individuals secreted outside Washington available in a catastrophic emergency. Federal Continuity Directive 1, issued just days before Donald Trump became president, says that devolution has to establish "procedures to transfer statutory authority and responsibilities" to this secondary designated staff to sustain essential functions.
"Devolution may be temporary, or may endure for an extended period," the directive states. And it further directs that the devolution staff be located at "a geographically dispersed location unaffected by the incident." Except that in the case of coronavirus, there may be no such location. This places the plans for the extraordinary into completely uncharted territory, planners not just considering how devolution or martial law might work in a nationwide disaster but also how those earmarked to implement these very plans have to be sequestered and made ready, even while they are equally vulnerable.
NORTHCOM stresses in almost everything it produces for public consumption that it operates only in "support" of civil authorities, in response to state requests for assistance or with the consent of local authorities. Legally, the command says, the use of federal military forces in law enforcement can only take place if those forces are used to suppress "insurrection, domestic violence, unlawful combination, or conspiracy." A second test also has to be met, that such disturbances "hinders the execution of the laws of that State, and of the United States within the State," that is, that the public is deprived of its legal and constitutional protections. Local civil authorities must be "unable, fail, or refuse" to protect the civilian population for military forces to be called in, Pentagon directives make clear.
RTRLVIB (1)
Hurricane Katrina forced the federal government to shift from a terrorism scenario to an "all-hazards" system. A family on their porch in the Treme area of New Orleans, which lies under several feet of water after Katrina hit on August 29, 2005.RICK WILKING/REUTERS
Since Hurricane Katrina in 2006, no emergency has triggered any state to even request federal military aid under these procedures. Part of the reason, the senior officer involved in planning says, is that local police forces have themselves become more capable, acquiring military-grade equipment and training. And part of the reason is that the governors have worked together to strengthen the National Guard, which can enforce domestic law when it is mustered under state control.
But to give a sense of how sensitive the employment of military forces on American soil is, when the New York National Guard arrived in New Rochelle last week, even though they were operating under the control of the governor, Mayor Noam Bramson still found it necessary to assure the public that no one in military uniform would have any "policing function."
Local authorities around America are already expressing worries that they have insufficient equipment, particularly ventilators, to deal with a possible influx of coronavirus patients, the number of hospital beds fewer than the potential number of patients that could need them. And brawls have already broken out in stores where products are in short supply. The worst case is that shortages and violence spreads, that the federal military, isolated and kept healthy behind its own barricade, is called to take over.
Orders have already gone out that Secretary of Defense Esper and his deputy, David Norquist, remain physically separated, to guard against both of them becoming incapacitated. Other national security agencies are following suit, and the White House continuity specialists are readying evacuation should the virus sweep through the Executive Mansion.
The plans state that the government continues essential functions under all circumstances, even if that is with the devolved second string or under temporary military command. One of the "national essential functions", according to Federal Continuity Directive 1 is that the government "provid[e] leadership visible to the Nation and the world ... [while] maintaining the trust and confidence of the American people" The question is whether a faceless elite could ever provide that confidence, preserving government command but also adding to public panic. That could be a virus too.
William M. Arkin is the author of a half-dozen books including American Coup: How a Terrified Government is Destroying the Constitution. He is writing Ending Perpetual War for Simon & Schuster. His Twitter handle is @warkin

Thursday, March 19, 2020

URGENT alert: Financial system collapsing, food supply collapsing, hyperinflation coming, guns and ammo wiped out, military martial law plans leaked… details

From Natural News:

(Natural News) Keeping this very short, as things are developing very rapidly. If you can’t handle the reality of this situation, don’t read the following overview. To those who can’t handle words, you need to accelerate your adjustment curve or you won’t survive:
  • We are upgrading our preparedness recommendations to 18 months of food and critical supplies. This is not some sort of self-serving statement, since our own store barely has anything left to sell.
  • The financial system is cratering. Banks will begin to fold soon. Many deposits will be wiped out. Some are moving into T-bills (US Treasury), even knowing the dollar will lose a lot of value this year due to monetary debasement. “America will end as we know it. I’m sorry to say so, unless we take this option,” – Bill Ackerman, CNBC.com, imploring Trump to shut down the entire nation for 30 days.
  • Pensions are being wiped out right now, exactly along the lines we’ve been warning about for years (see Pensions.news for historical articles). If you had exposure to the bubble stock market, those assets are being eviscerated by the day. Expect an 80% loss.
  • Real estate will begin to crater soon. Expect a 40% plunge on average, nationwide. Unemployment will skyrocket to Great Depression levels in less than 90 days. This is not a drill.
  • The “free money” insanity being pushed by the Trump administration will result in rapid price inflation across America, putting us on the path toward a Venezuela-type scenario and more money printing goes to insane levels to bail out everybody and everything in the economy. Dumpster diving for food, the national sport of the failed state of Venezuela, will soon be commonplace in many US cities.
  • The food supply is cratering in many regions, with food distribution hubs gutted, and many local retailers cleaned out. City dwellers are “hunting” for grocery stores in rural areas that have more food. We anticipate gun battles over food to commence soon.
  • Speaking of guns, every round of ammunition and every firearm in America is just about gone as of today. Retailers still have some supplies, but wholesalers are wiped out everywhere. If you didn’t arm up before now, you will have to pay a sweet premium to acquire anything in this area.
  • More and more experts and even CDC officials are now openly talking about “millions of deaths” in the USA over the next 18 months. It’s no longer a conspiracy theory. “The new coronavirus could kill millions across the U.S., said Dr. Kathleen Neuzil, director of the Center for Vaccine Development at the University of Maryland’s School of Medicine.” – CNBC.com
  • Gold and silver supplies are VERY difficult to acquire now (physical), even as spot prices for silver are cratering. But real-world “bid” prices for physical silver are much, much higher, and that’s even if you can find physical silver rounds anywhere.
  • Once-secret military control plans have been leaked to the media, describing the total military lockdown of the USA. The plan names are “Octagon, Freejack and Zodiac.” From Newsweek.com: “The three most compartmented contingencies – Octagon, Freejack, and Zodiac – call upon various military units in Washington DC, North Carolina and eastern Maryland to defend government operations if there is a total breakdown. The seventh plan – codenamed Granite Shadow – lays out the playbook for extraordinary domestic missions that involve weapons of mass destruction.” (In other words, tactical nukes deployed in America.)
  • The masses of unprepared, oblivious, clueless sheeple are about to lose their shit. Expect looting, robberies, and “gang”-level raids of grocery stores and pharmacies soon. Law enforcement will be very quickly overrun. Chaos is about to commence. Prepare your chest rig with level IV ballistic plates.
This is NOT a drill. This is NOT a hoax. And this isn’t going to be over in a month. Some independent media outlets have been infiltrated by the communist Chinese to push the “hoax” narrative so that Americans are late to get prepared as the financial collapse commences.
Once America has begun to fall, the Chinese may launch a land invasion of America. All those in California who still have AR-15s and 30-round magazines, gear up for defense of the homeland against invading communist troops. That’s the conclusion of JR Nyquist in this interview that you need to watch: