Stocks Up, Bonds Up, Gold Up, Dollar Up, Oil Up, Virus-Death-Count Up!

Stocks Up, Bonds Up, Gold Up, Dollar Up, Oil Up, Virus-Death-Count Up!

Another day, another new record high in stocks as the Powell-Put is well and truly priced in to save the world no matter what – global pandemic, no problem, hold my beer… the assumption seems to be that The Fed will print again and it’s more than priced in…

Source: Bloomberg

Spot The Odd Market Out!

Source: Bloomberg

And then there’s this!

Does make you wonder, eh?

Gold outperformed post-Fed Minutes as stocks lagged…

Source: Bloomberg

Chinese stocks limped lower overnight…

Source: Bloomberg

European stocks were all higher with Italy’s FTSEMIB leading the week’s charge…

Source: Bloomberg

US equity markets were all higher again today, once again led by new record highs in Nasdaq (and The Dow briefly lifted back into the green for the week, but slid back into the close)… stocks closed weak for the 2nd day in a row after a solid day.

Source: Bloomberg

Record highs for S&P and Nasdaq

It would appear the world and their pet millennial has decided that owning stocks is for loser boomers and the real game is buying calls as the put/call ratio across US equity markets has collapsed back near its lowest in 7 years (and lowest ever)…“There are very, very high volumes in options markets – and historically you don’t see volume spikes when the market is going up. People are buying options to get exposure to rallies, not to hedge.”

Source: Bloomberg

AAPL erased all of the losses from its outlook cut…

Cyclicals dominated Defensives today…

Source: Bloomberg

And momo is dominating value this year…

Source: Bloomberg

HY Credit is not playing along with the equity exuberance…

Source: Bloomberg

Treasury yields were mixed today with the short-end slightly higher and long-end slightly lower…

Source: Bloomberg

30Y yield hovered around 2.00% today…

Source: Bloomberg

The yield curve remains inverted (which if The Fed’s Neel Kashkari is to be believed, is a sign of confidence that the Fed knows what it’s doing)…

Source: Bloomberg

The Dollar extended its recent gains – up 11 of the last 13 days… to the highest since Oct 2019

Source: Bloomberg

The yen tumbled today to its weakest since May (biggest drop in JPY vs USD since Aug 13th), decoupling notably from gold…

Source: Bloomberg

Cryptos were flat today, but Ether and Vitcoin back towards unch on the week…

Source: Bloomberg

Notably both Bitcoin and Gold have been rising as the volume of global negative-yielding debt has resurged…

Source: Bloomberg

Silver remains the week’s best performer but oil surged again today…

Source: Bloomberg

Gold continued to rally, pushing to its highest since March 2013 against the dollar…

Source: Bloomberg

And back near record highs against the yen…

Source: Bloomberg

WTI extended yesterday’s gains ahead of tonight’s API inventory data…

And while Gold and silver are doing ‘ok’, Palladium hit a new record high today (at $2850), up almost 40% YTD…

Source: Bloomberg

Finally, you have to laugh…

Source: Bloomberg

And it looks like Nasdaq 10k is inevitable now…

Source: Bloomberg

And ahead of tonight’s debate, it appears Bloomberg has peaked and Bernie is the man…

Source: Bloomberg

And as Bernie leads so the odds of a Trump win in November surges…

Source: Bloomberg


Tyler Durden

Wed, 02/19/2020 – 16:01

via ZeroHedge News https://ift.tt/2HA2iCa Tyler Durden

Sanders Widens Lead Over 2020 Dems After New Poll Reveals 32% Support

Sanders Widens Lead Over 2020 Dems After New Poll Reveals 32% Support

Vermont Senator Bernie Sanders has widened his lead against the other 2020 Democratic presidential candidates, according to a new national poll by the Washington Post/ABC News.

Sanders scored a 9% boost over the outlets’ January poll, garnering 32% support among Democrats and Democratic-leaning voters following strong results in Iowa and New Hampshire contests, Bloomberg reports.

Joe Biden, meanwhile, sank to 17%, followed closely by Michael Bloomberg at 14% and Elizabeth Warren at 12%.

Sanders’a [sic] lead tracks with the 31% support among Democrats and Democratic-leaning voters that the Vermont senator posted in a NPR/PBS Newshour/Marist poll released Tuesday. Sanders garnered 27% in a Wall Street Journal/NBC News national poll also released Tuesday.

The Post-ABC poll found 30% of Democratic-leaning voters choosing Sanders as the most electable against President Donald Trump. Sanders was the top choice of 50% of voters under age 50. –Bloomberg

And while Biden has the most support among blacks at 32%, Sanders has the most support from nonwhites overall at 35% to Biden’s 22%.

While Bernie may have a massive lead over the pack right now, Bloomberg has made great strides – and may pose a serious challenge to the Vermont socialist in the coming weeks.


Tyler Durden

Wed, 02/19/2020 – 15:45

via ZeroHedge News https://ift.tt/2T4IkFc Tyler Durden

Omens, Portents, Karma, & The Mandate Of Heaven

Omens, Portents, Karma, & The Mandate Of Heaven

Authored by Charles Hugh Smith via OfTwoMinds blog,

The question of legitimacy isn’t limited to China.

what makes humans unique among social mammals? Some say humor, I would nominate superstition: regardless of how hard we promote our rationality and logic, humanity continues to sense portents and omens in events and feel the intangible tug of karma: the consequences of past actions that we arrogantly thought we’d escaped forever.

Michael Snyder recently compiled a list of peculiarities that are raising eyebrows around the globe: One, sure, two, not that unusual, three, well things happen in threes, but ten disturbances and we’re only six weeks into 2020? 10 ‘Plagues’ That Are Hitting Our Planet Simultaneously (Zero Hedge)

As the saying has it, Nature Bats Last, and maybe arrogant, destructive humanity’s war on Nature is about to get its comeuppance. Maybe overdosing hundreds of millions of chickens and pigs to knock down bacteria in overcrowded conditions has finally generated a karmic blowback via bird and swine viruses.

As for karma in human society: maybe the disruption of the supply chain in China is a karmic response to offshoring production to fatten Corporate America’s profits at the expense of all else in America’s society and economy.

Then there’s the celestial right to rule, a.k.a. The Mandate of Heaven, the concept rooted in Chinese culture that political leadership which fails the people invites divine retribution in the form of withdrawing the support of Heaven. This withdrawal of support manifests in the tangible world as natural disasters: earthquakes, floods, droughts, plagues, etc.

Though it’s not politically correct to discuss The Mandate of Heaven in any serious way, the reading of omens goes back in Chinese history to oracle bones, the process of heating bones until they crack and then interpreting the patterns as portents to the future.

With human and domestic animal epidemics devastating China in a novel cluster of natural disasters, The Mandate of Heaven is in play even if no one dares speak of it openly. The regime is well aware that these parallel plagues are understood as manifestations that question the legitimacy of the current regime.

The question of legitimacy isn’t limited to China. Soaring wealth inequality, the dependence on debt to fund “growth” and the political disenfranchisement of the masses are global manifestations of political-financial systems that invite divine retribution for their excesses of corruption, self-aggrandizement, and exploitation of the planet and its human workforce.

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Tyler Durden

Wed, 02/19/2020 – 15:30

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Mexican National Charged As ‘Russian Agent’ After Spying On FBI Informant In Florida

Mexican National Charged As ‘Russian Agent’ After Spying On FBI Informant In Florida

The Justice Department has announced the capture of an alleged Russian agent in Florida, after the man was seen photographing a US government informant’s car in Miami

The alleged Russian spy is a Mexican citizen named Hector Alejandro Cabrera Fuentes, and was charged Tuesday with being an “unregistered foreign agent” for Russia after he was stopped attempting to fly out of Miami International Airport.

Though specific details from court documents remain murky, it appears Cabrera was caught in the middle of a counterintelligence op which targeted the FBI’s own program to root out Russian spying on American soil.

Image source: Bloomberg/Getty

According to details obtained by the Miami Herald

The affidavit says Cabrera visited the complex to spy on a resident at the “direction” of an agent with the Russian Intelligence Service, which operates under President Vladimir Putin. It turned out that the resident was an informant for the FBI’s counterintelligence division who provides information on Russian spying activities in South Florida. Before he was asked to leave the complex, Cabrera’s wife took a photo of the federal informant’s car and license plate.

Apparently the man has confessed to being in contact with Russian intelligence.

The report continues

Cabrera, who was visiting Miami on a business and tourism visa, told FBI agents during questioning Monday that he had met with the Russian intelligence agent in Russia several times over the past year and that he instructed him to rent a unit at the condo complex in Miami to do surveillance on the FBI informant. His cellphone showed that there had been interaction between Cabrera and his Russian handler, according to the affidavit.

His latest visit to Moscow where he met with his intelligence handler was earlier this month, according to reports, and was done under the guise of visiting his Russian wife’s home country. 

Cabrera apparently has two wives — one from Mexico and a second from Russia, and has most recently lived in Singapore as an occupational researcher.

He was expected to meet with his Russian intelligence handler to pass along the information gathered in south Florida either in April or May. 

It was reportedly a security guard for the US informant that first observed Cabrera and his wife staking out the FBI source’s car. 


Tyler Durden

Wed, 02/19/2020 – 15:15

via ZeroHedge News https://ift.tt/327EkaO Tyler Durden

Has Trump Drained the Swamp or Stocked It With His Own Fish?

“What sets the Trump era apart is the rank incompetence of the people looking to cash in on [self-serving] opportunities,” write Lachlan Markay and Asawin Suebsaeng in their new book, Sinking in the Swamp: How Trump’s Minions and Misfits Poisoned Washington. “That’s great for us reporters. But it doesn’t inspire confidence in the administrative abilities of our present leaders that Trumpworld can’t even seem to do corruption right.”

Markay and Suebsaeng cover Washington and the White House for The Daily Beast and they dish on how Trump associates, appointees, and apparatchiks such as Corey Lewandowski, Lynne Patton, and Rudy Giuliani are constantly working to enrich themselves while desperately trying to stay in the president’s good graces. In a wide-ranging interview with Nick Gillespie, they also talk about Hillary Clinton’s own brand of incompetence, the deeper forms of D.C.-based corruption that result in Joe Biden’s son Hunter pulling down make-work jobs in foreign countries, why they think Donald Trump will win re-election, and their previous jobs at publications on the right and the left.

Audio production by Ian Keyser.

Related links:

Sinking the Swamp on Amazon.

Asawin Suebsaeng on Twitter and at The Daily Beast.

Lachlan Markay on Twitter and at The Daily Beast.

from Latest – Reason.com https://ift.tt/2V3NpA4
via IFTTT

Has Trump Drained the Swamp or Stocked It With His Own Fish?

“What sets the Trump era apart is the rank incompetence of the people looking to cash in on [self-serving] opportunities,” write Lachlan Markay and Asawin Suebsaeng in their new book, Sinking in the Swamp: How Trump’s Minions and Misfits Poisoned Washington. “That’s great for us reporters. But it doesn’t inspire confidence in the administrative abilities of our present leaders that Trumpworld can’t even seem to do corruption right.”

Markay and Suebsaeng cover Washington and the White House for The Daily Beast and they dish on how Trump associates, appointees, and apparatchiks such as Corey Lewandowski, Lynne Patton, and Rudy Giuliani are constantly working to enrich themselves while desperately trying to stay in the president’s good graces. In a wide-ranging interview with Nick Gillespie, they also talk about Hillary Clinton’s own brand of incompetence, the deeper forms of D.C.-based corruption that result in Joe Biden’s son Hunter pulling down make-work jobs in foreign countries, why they think Donald Trump will win re-election, and their previous jobs at publications on the right and the left.

Audio production by Ian Keyser.

Related links:

Sinking the Swamp on Amazon.

Asawin Suebsaeng on Twitter and at The Daily Beast.

Lachlan Markay on Twitter and at The Daily Beast.

from Latest – Reason.com https://ift.tt/2V3NpA4
via IFTTT

Illinois Among States Where Bloomberg Implanted Paid Lawyers In AG Office To Advance His Agenda

Illinois Among States Where Bloomberg Implanted Paid Lawyers In AG Office To Advance His Agenda

Authored by Mark Glennon via Wirepoints.org,

Billionaire presidential candidate Michael Bloomberg is paying salaries of lawyers who promote his agenda in state attorney general offices in liberal leaning states, including Illinois, according to various reports.

Bloomberg money currently funds the salaries of Special Assistant Attorneys General (SAAGs) in 10 Democratic AG offices, according to Fox News. Illinois is among those states. There is no indication how many SAAGs are implanted in the office of Illinois Attorney General Kwame Raoul.

What’s problematic is the arrangement through which a private organization or individual can promote an overtly political agenda by paying the salaries of government employees,” said Indiana Attorney General Curtis Hill.

“They want to put their special-interest lawyers in place to drive a very radical agenda,” said West Virginia Attorney General Patrick Morrisey.

Funding runs through the State Energy & Environmental Impact Center at New York University School of Law. That center, according to Fox, was started in 2017 with $5.6 million from Bloomberg’s nonprofit. It hires mid-career lawyers as “research fellows” before providing them to state AGs – where they assist in pursuing “progressive” environmental policy goals through the courts.

Michael Bloomberg campaigning

State Impact Center spokesman Tom Lalley, according to the Washington Times, responded by saying nonpartisan program “brings academic rigor and independence to its mission of supporting state attorneys general who are protecting existing environmental regulations, addressing climate change and respecting the law.”

But the Times quotes Chris Horner of the public interest law firm Government Accountability & Oversight saying this:

This scheme by an activist donor [Bloomberg] to place attorneys in AG offices to advance his priorities is on its face staggering. That the activist developed it while more broadly cultivating support among elected officials at all levels through his foundation, and apparently with a run for the White House also in mind, makes it simply unbelievable.

A separate opinion piece by the Times describes the arrangement as “buying up law enforcement.”

Another Washington Times article quotes Adam Piper, executive director of the Republican Attorneys General Association, who said

“These folks are being funded as mercenaries, liberal mercenaries, not just on a climate issue but other issues near and dear to Mike Bloomberg’s radical liberalism. And they’re doing everything from filing suits to writing comment letters to testifying at Trump administration hearings.”

Other states where SAAGs are implanted include the Delaware, Connecticut, Massachusetts, Maryland, Minnesota, New Mexico, New York and Oregon, according to Fox News and other sources.

We have seen no comment yet from Illinois Attorney General Kwame Raoul.


Tyler Durden

Wed, 02/19/2020 – 15:00

via ZeroHedge News https://ift.tt/2wyQH4h Tyler Durden

China To Change Coronavirus “Infection” Definition Again In Pursuit Of Fewer Cases

China To Change Coronavirus “Infection” Definition Again In Pursuit Of Fewer Cases

One week ago, China shocked the global community and capital markets, when it unexpectedly reported a huge jump in new Coronavirus cases, which after declining comfortably for the prior week, suddenly soared by nearly 15,000 overnight.

The move, which stunned markets sending futures sharply lower as the carefully crafted narrative that China was regaining control over the coronavirus epidemic, was the result of Beijing’s intention to appear “transparent” with the public and to concede that the situation was worse (but not far too worse) than officially represented, especially amid the flood of media reports showing infected (and not infected) Chinese citizens getting carted away against their will to places unknown, even as hundreds of random people would fall dead, their final moments caught on camera. As a result, the province of Hubei, epicenter for the Coronavirus infection, changed the definition of infection and loosened its diagnosis criteria by starting to classify as “confirmed” cases that were clinically diagnosed by physicians, instead of purely validated by a genetic test.

The move, which was not followed by other provinces, led to a dramatic surge in newly reported cases in Hubei to 10 times the previous rate. Admitting they were “doing it wrong”, Chinese officials said the change was necessary due to the prevalence of undercounting inside the virus-ridden province.

There was just one problem: when China changed the definition of infections, it apparently also changed the definition of “death”, because not only did the number of new infections surge, so did the number of new fatalities, something which should not have happened if the stated reason for the definition change was true.

It took China about 24 hours to realize the massive mistake it had made by upward revising both the number of new “cases” and “deaths”, and one day later it once again revised the official number of deaths reported on Feb 13, this time sharply lower, blaming “double counting” for its latest fabrication fuck up.

The problem is that despite Beijing’s best intentions to regain the people’s trust after the upward “infection” revision, showing just how “open and transparent” it really is, the message most took home is that Beijing was manipulating the infection data more than even the most hardened skeptics and critics expected, and as a result virtually nobody has dared to show up to their place of work, nearly three weeks after the end of the Lunar New Year, and as a result China’s economy has ground to a halt, and continues to flatline to this day, suggesting a global recession may now be inevitable.

So one week later, Beijing finds itself in the same spot, if facing precisely the opposite problem: not how to regain people’s confidence that it is reporting the correct disease numbers, but that it is safe to get back to work because – you know – China is on top of the whole pandemic thing.

It is therefor delightfully poetic that to achieve this China will now also do precisely the opposite of what it did one week ago, and starting today, Chinese national health authorities will report even lower new infection numbers, following the release of guidelines for how coronavirus cases are diagnosed.

Yes, in the sixth edition of its diagnostic criteria released Wednesday for covid-19, the National Health Commission has undone what it did just one week earlier, and has eliminated the distinction between how cases would be classified in Hubei province and other regions. Cases will now be reported under two categories: “suspected cases” and “confirmed cases,” the document said.

As such, moving forward, and as was the case prior to Feb 13, cases will only be described as “confirmed” if they stem from a positive result in a nucleic acid test, not if they are clinically diagnosed by physicians.

What this means is that, in its scramble to “confirm” that it has regained control over the Coronavirus, China’s National Health Commission may report – as soon as this evening – the first official drop in new cases since the pandemic started. Why does this matter? Because that is now the catalyst everyone is waiting for to pounce and declare that the epidemic is effectively over, even if of course isn’t. But since for China it is no longer an option to not have people go to work, the Chinese Communist Party will take its chances with another major breakout in coronavirus, or rather pneumonia, which is how all the thousands of new “mystery” deaths will be tagged by the friendly Chinese coroner, who will be instructed to never use the word coronavirus again and instead attributed covid-19 fatalities to far more mundane causes such as pneumonia, and ordinary flu.

The real question, of course, is just how bad is the situation on the ground if Beijing is now willing to openly force people into situations which have a high probability of a fatal outcome. The bigger question, however, is how many people will actually believe Beijing that the pandemic is now on its way out and actually do as Beijing demands, because if enough of China’s 1.4 billion decide they have had enough of being lied to and sacrificed for the “greater supply chain good”, then things in China can turn very ugly, fast.


Tyler Durden

Wed, 02/19/2020 – 14:45

via ZeroHedge News https://ift.tt/2SVW98N Tyler Durden

Who Bought The $1.3 Trillion In Debt The US Government Added In 2019?

Who Bought The $1.3 Trillion In Debt The US Government Added In 2019?

Authored by Wolf Richter via WolfStreet.com,

Treasury securities are hot. The Fed backed up the truck. US banks & others bought too. But China dumped…

The US Gross National Debt spiked by $1.3 trillion over the past 12 months, to $23.3 trillion. These days, trillions fly by so fast it’s hard to see them. But these are the good times. And we don’t even want to know what this will look like during the next economic downturn:

And who the heck bought all this debt?

This debt exists in form of Treasury securities, and each of these securities was bought by some entity in the US or in some other country. These entities fall into five broad categories: Foreign holders; the Fed; the US government via government pension funds and the Social Security Trust Fund; US commercial banks; and other US institutions, companies, and individuals. So here we go…

1. Foreign Creditors.

In terms of foreign holders, the Treasury Department’s TIC data, released Tuesday afternoon, revealed how much of this debt was held, bought, or dumped by foreign investors through the end of December.

All foreign investors combined – “foreign official” holders such as central banks and foreign private-sector investors of all stripes – dumped $83 billion in US Treasury securities in the month of December. But for the whole year of 2019, their holdings rose by $425 billion to $6.70 trillion. In other words, foreign entities bought 35% of the additional debt the US sold in 2019 (in a moment, we’ll get to who bought the other 65%).

The share of foreign holdings fell to 28.9% from prior quarters but was nearly flat compared to a year earlier. The chart below shows the holdings at the end of each quarter, in trillion dollars (blue line, left scale) and as a percentage of total US debt (red line, right scale):

Japan shed $6 billion of its Treasury holdings in December. But for all of 2019, it added $113 billion, bringing its holdings to $1.16 trillion (the peak was in 2014 at $1.24 trillion).

China has been cutting its Treasury holdings every month since June. In December, it shed another $20 billion. Its total holdings are now down to $1.07 trillion, the lowest since peak-capital-flight in late 2016 and early 2017:

The relative importance of Japan and China as creditors to the US has been declining for years, as the US debt has ballooned and as other creditors have stepped up. The share of Japan’s and China’s combined holdings fell to 9.6% of the total US debt:

Most of the next 10 major holders are associated with tax havens and financial centers, including Belgium, home to Euroclear, which handles large amounts in fiduciary accounts.

Mexico, which had the second-largest goods trade surplus ($102 billion) with the US in 2019, and Germany, which had the fourth-largest goods trade surplus with the US, do not rank here. Mexico is in 24th place and Germany in 20th place. This disproves the theory that countries that run a big trade surplus with the US have to hold large amounts of US debt.

Here are the top 10 also-rans (in parenthesis, their Treasury holdings in December 2018):

  1. UK (“City of London” financial center): $333 billion ($288 billion)

  2. Brazil: $281 billion ($303 billion)

  3. Ireland: $282 billion ($279 billion)

  4. Luxembourg: $255 billion ($231 billion)

  5. Switzerland: $237 billion ($230 billion)

  6. Cayman Islands: $231 billion ($226 billion).

  7. Hong Kong: $223 billion ($196 billion)

  8. Belgium: $210 billion ($185 billion)

  9. Taiwan: $193 billion ($157 billion)

  10. Saudi Arabia: $180 billion ($172 billion)

If not foreign holders, who else is there? US holders…

2. The Federal Reserve

The Fed added $88 billion in Treasuries in 2019. After shedding Treasury securities through July as part of its QE unwind, it backed up the truck in mid-September and bought a vast pile of Treasury securities, including Treasury bills, as part of its repo market bailout. And by the end of December, it had undone its QE unwind of Treasuries of the first six months of the year, plus it had added $88 billion, bringing its stash of Treasury securities to $2.33 trillion.

3. US government funds

US government entities bought $178 billion in Treasuries in 2019, bringing their total holdings to $6.03 trillion. These entities include the Social Security Trust Fund and government pension funds, and their Treasury securities (“debt held internally”) are assets that belong to the beneficiaries of those funds.

4. US Commercial Banks

US commercial banks bought $131 billion in Treasuries in 2019, which brought their total holdings to $924 billion, according to the Federal Reserve’s H.8 data release on bank balance sheets. This amounts to about 4% of the total US debt.

5. Other US entities

Other US entities bought the remaining $405 billion in Treasuries in 2019. These entities include US institutional investors (other than commercial banks), including bond funds, pensions funds, insurance companies, hedge funds, private equity firms, plus cash-rich companies such as Apple, and individuals directly or indirectly. And these purchases brought their total holdings to $7.22 trillion, or 31% of the total US debt, making them the largest holder of US debt.

The chart below shows the categories of holders of US Treasury securities, but with “US commercial banks” and “Other US entities” combined into the top category (yellow), holding a combined share of 35%:

…And that’s what you call a self-financing ponzi scheme (or as Joe Biden would say, a load of malarkey).

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Tyler Durden

Wed, 02/19/2020 – 14:34

via ZeroHedge News https://ift.tt/2uecBZJ Tyler Durden

China Deploys 40 Mobile Incinerators To Wuhan: Report

China Deploys 40 Mobile Incinerators To Wuhan: Report

While China has come under fire over claims that they are grossly underreporting coronavirus figures, Chinese media is reporting that 40 industrial incinerators have been deployed to Wuhan, the epicenter of the outbreak which has officially killed more than 2,000 people  – mostly in China.

Mobile incinerators deployed to Wuhan (Image: Weibo)

The incinerators, typically used to dispose of animal carcasses, are now being used to handle ‘medical waste,’ according to NTD and relayed by the Daily Star. Sources quoted in the Chinese media reports have raised obvious questions as to whether they are (or will be) used to dispose of human remains.

According to the reports, the mobile incinerators are able to destroy up to five tons of waste per day – burning a load in as little as two seconds. The units are reportedly the size of a 20-foot standard shipping container and have a volume of 30 cubic meters – and are able to crush solid waste, incinerate it, and then ‘purify the smoke.’

Wuhan medics have deployed the incinerators to deal with the virus (Image: Weibo)

The Chinese military is said to have tested the units in Golmud, Quinghai in January before they were sanctioned for use. Large trucks have been reportedly spotted transporting the incinerators into Wuhan.

Professor Ming Ju reportedly said he believes the cabins are “mobile incinerators” for bodies.

And meanwhile, Professor Qu Zan said the virus could not survive the 850 degree heat created by the furnace.

Wuhan locals reportedly have questions the need for such cabins as there is not a widespread infection of animals with the virus. –Daily Star

The coronavirus, known as COVID-19, has officially killed 2011 people and infected more than 75,000. As we have reported ad nauseam, however, the official count is likely to be much higher.

 


Tyler Durden

Wed, 02/19/2020 – 14:15

via ZeroHedge News https://ift.tt/38JIwjz Tyler Durden