Many of our restaurants, and the JOBS they provide, will not survive being forced to close for indeterminate time periods. Here’s what one restaurant owner shared...

As I walk into the grocery store with 30 other people at the same time, I think about my restaurant which allows parties of 6 total, and meticulously spaces out reservations by 10 minutes ensuring guests that aren’t from the same party do not arrive at the same time.

As I take a cart, that has had just the handle sanitized, I think about my restaurant which invested thousands of dollars (so far) on ink and paper to print disposable menus to ensure no two guests touch the same menu.

As I walk to the produce aisle with 15-20 other people around me, I’m reminded of the strict “no mingling /no walking around the restaurant other than to use the washroom or enter/exit” policy we have in place and the 6ft distance btwn tables which has cut our capacity in half.

As I watch the woman next to me pick up apples, check them over closely and put them back on the open pile and repeat this until she finds the perfect apples,the same thing that all other people that day who want an apple will then do and then put those apples into their mouths,

Alright. I've got that out of my system. Happy Thanksgiving and back to work here with a Early Black Friday pallet cleansing mega thread with a Cornucopia of thoughts on 2021. First, precious metals aren't dead. Yes, Bitcoin is stealing gold's thunder as a... /1

...currency alternative but it's not going away as a dollar hedge though I see Bitcoin likely to outperform gold in 2021. That said, gold could be up over 50% by the end of next year as Yellen and Powell (Jack and Jill) are climbing the stimulus hills. Meanwhile.. /2

...silver really should kill it next year. Solar is heating up, not just with Biden's win, but globally, & with pent up demand unleashed as lockdowns either relax or get tossed aside via polite revolts. Industry is going to boom and with globalists back in business so are... /3

...green energy and rare earth metals. Yeah, looking at you $MP on rare earths and - dare I say it - $AG and miners might have their year come summer of 2021. Specs are going to sniff that out in January so look for December tea leaves on the metals. No shame in buying $SLV... /4

....but I really like playing options for it. Speaking of lockdowns, no I promised to behave, I think the by-product of lockdowns ending is that the torturous path of a decade plus of "deflation" (in name only really) dies in a supernova heat death of feels good man spending. /5

1. One of the reasons that i love talking about planning and infrastructure so much is because a lot of folks don't realize how certain municipalities are planned out and zoned to intentionally heighten segregation and disparities. When suburbs were originally formed, they were

2. Planned around the automobile, because that made it easier to keep certain demographics (i.e. Black, Brown and Native) from moving there. There were and still are zoning laws that would only allow only one house per developer lot to be built, which means a limited stock of

3. Housing, which makes affordable housing hard to find. Additionally, things like height requirements (not being allowed to build above a certain number of feet) was another method of limiting housing. These were some of the reasons that a lot of suburbs remained very white up

4. Until the 1980's/1990's. Once homes in suburbs became accessible due to policies becoming lax in regards to affordable housing, one would think that the problem of exclusion via planning has been solved, but you start to run up against a whole slate of new problems. As Black

5. And brown folks moved into innner-ring suburbs, white folks would tend to move even FARTHER out into the exurbs, which meant the tax base which supported these first ring suburbs would close to. This meant that businesses would leave too because of course they're going to

As things in the economy go from manipulated to ultra-manipulated, make sure you're ready for totally extreme changes. Although only a few companies are driving the stock indexes, they are heavily dependent on policy decisions and the aggressive addition of more fiat units into..

the collective global system. COVID policies, drastic changes in spending habits, lack of earnings power for the masses, are all likely to have a shocking liquidity experience to the system in the coming year. The amount of breadth at which the impairment will occur is nearly..

impossible to predict or forecast. The first chart I posted is simply demonstrating my opinion that the system is becoming increasingly unstable and the aperture for potential outcomes is widening. As policymakers respond to growing volatility (on a global level), their...

coordination is going to become more important, yet more difficult to achieve. I've mentioned many times before that the "printing" is becoming more and more competitive and has evolved into the ultimate 'Tragedy Of The Commons' situation where currency debasement is...

the "scarce" resource they are competing to insert into their own self-interested domains faster than their neighbors. Although one can expect dramatic credit impairment which can cause financial markets to crash in a fantastic fashion & in short order, policy responses will be

1/💩ton

OK we have text of the new Stimulus bill... combined w/ a WHOLE lot of other legislation.

In all the PDF version of the full bill clocks in at 5593 pages. Can be found: https://t.co/RwPOMZ5b7d

Buckle up. This is gonna be a LONG ride!

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But before we dive into the bill, a quick note from my soap box… This whole process is absurd. They JUST released a 5k+ page bill, and they are going to vote on it TODAY.

They aren't even pretending to have time to read what they're voting on anymore.

*Steps off soap box*

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Ok... on to the meat. Let's start by answering the question that so many are already asking... “Will I be getting another #stimulus check?”

The answer, like last time, is “Maybe.”

Notably, the maximum stimulus amount per person this time around is $600.

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Under the CARES Act, adults got $1,200 for themselves, and $500 for children as a ‘base amount.’ This time, it’s $600 for each person.

So, for instance, a single filer w/ no kids starts w/ base of $600. Family of five, like this👇starts w/ a base amount of $600 x 5 = $3k

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But those amounts" will be reduced once income exceeds the following thresholds:

Single: $75,000
Joint: $150,000
HOH: $112,500

As was the case under the CARES Act, the ‘base’ stimulus check will phase out by $5 for every $100 a taxpayer is over their applicable threshold.