• [stock-market-ticker symbols="AAPL;MSFT;GOOG;HPQ;^SPX;^DJI;LSE:BAG" stockExchange="NYSENasdaq" width"100%" palette="financial-light"]

    "It’s A War" - Trump Invokes Defense Production Act

    March 18, 2020
    No Comments

    According to scientists from the National Institute of Allergy and Infectious Diseases (NIAID) the Chinavirus can remain viable and infectious in droplets in the air for hours and on surfaces up to days. The virus is highly contagious as an aerosol or a long lasting surface enemy.

    Sec. of War Flag
    War Flag

    The Dow Jones Industrial Average smashed through the 20,000 mark and ended trading down -1,333.34 (-6.28%) to 19,904.04 which was its lowest close since February 2017. Oil is trading at an 18 year low. Every economic indicator is down and because the collapse results from preventative measures to protect national health there is no economic fix for this unprecedented turmoil.

    U.S. and Canada agreed to close the border to all but essential travel and commerce. The boarder with Mexico will be closed next and all asylum-seekers will be denied entry into the USA.

    Today the Big Three automakers announced that they will shut down their U.S. plants to stop the spread of coronavirus.The Detroit automakers’ stocks were crushed on Wednesday, with GM down 18.8% and Ford down 14.6% and Fiat Chrysler shares down 14.3%.

    The U.S. Senate passed legislation providing more than $100 billion for Chinavirus testing, sick leave payments, food aid and other immediate requirements. The White House and Congress are now working on a second piece of legislation which is targeted at over $1T to be passed within the week. A third bill with even more relief funding is on the near horizon and there is no end in sight until the Chinavirus is defeated.

    Hospitals and public health officials fearing an onslaught of infections have pleaded for more face masks, goggles, gowns and other protective gear, as well as equipment such as ventilators.

    To meet these and other challenges posed by the Chinavirus President Trump said he would sign the Defense Production Act. The 1950's law gives the president broad authority to command America's private industry to create and deliver important products and supplies. The "hidden enemy" has been trying destroy Donald Trump and the MAGA movement for the past four years without success. Now this enemy has unleashed a brutal, multi-pronged attack on Western Civilization and the US economic engine that sustains it. Today the battle was joined and WE WILL WIN!



    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
  • Subscribe
    Notify of

    Inline Feedbacks
    View all comments


  • Subscribe to our evening newsletter to stay informed during these challenging times!!