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Economic Analyst Spends Tens of Thousands of Dollars Stockpiling Food

“It’s basically an insurance policy against chaos.”

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An economic analyst who predicted the 2008 financial collapse has spent tens of thousands of dollars stockpiling food as “an insurance policy against chaos” should the coronavirus outbreak cause a global economic collapse.

Jesse Colombo told local news affiliate CBS DFW that the fallout from the virus and not necessarily the virus itself posed the biggest threat to stability.

“My immediate concern is not so much getting coronavirus, it’s more so economic collapse is caused by the coronavirus outbreak,” said Colombo. “Ever since the global financial crisis hit, that was a wake up call to me that I need to be prepared,” he added.

Colombo has stockpiled a supply which could last up to 18 months if needed, including 240lbs of rice, innumerable bags of beans, 192 cans of Spam and a 40 days and 40 nights kit that contains formulas for pancakes, rolled oats, miso, superfood, green lentils, brown rice, quinoa, black beans, pinto beans, garbanzo beans and millet.

“I’ve just cleaned my local Walmart out of its supply of Vienna Sausages and DAK ham. I was definitely getting some interesting looks!” he said in a tweet.

Colombo also has a product that can safely filter up to 100 gallons of fresh water as well as medical kits and face masks.

The financial analyst pointed out that he had been stockpiling food for years but was increasing his supply in response to coronavirus.

As we have previously highlighted, panic buying of food and medical provisions has been taking place in numerous countries worldwide and is only expected to accelerate.

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Economy

Americans Are Fleeing Lockdown States in Droves

And moving to open states that didn’t persist with draconian measures.

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Nathan Stirk via Getty Images

Data shows that Americans are fleeing states with harsh lockdown policies like California in droves and moving to states which are more open like Arizona.

According to figures released by North American Moving Services, Americans are moving at higher rates than 2019 despite the lockdown restrictions, suggesting that their mobility is likely because of them.

As Jeffrey A. Tucker highlights, the pattern clearly indicates that there is an exodus of people from liberal states that continue to enforce draconian lockdown measures and that they’re all moving to areas where authorities have largely resisted imposing harsh restrictions.

“Consider the top five cities that people are leaving: New York, New York; Anaheim, California; San Diego, California; Chicago, Illinois; and Riverside, California. All five of those cities remain even to this day in stringent lockdowns. Indoor dining in California is not permitted, and will only be permitted in Chicago starting next week. New York is still in lockdown, despite Andrew Cuomo’s call for the city to be reopened.”

“And where are people moving to? The top five destinations are: Phoenix, Arizona; Houston, Texas; Dallas, Texas; Atlanta, Georgia; and Denver, Colorado. Georgia was the first state to reopen following the panicked lockdowns of March 2020. Arizona and Texas opened in July.”

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Illinois, New York, and New Jersey are the states losing residents faster than any other while Idaho, Arizona, Tennessee, South Carolina, and North Carolina are leading the way for inbound population.

A recent Gallup poll also found that nearly half of Americans expressed a desire to live in a small town or rural area in 2020, a 9 percentage point increase on 2018 when they were asked the same question.

As we previously highlighted, the wider trend of people fleeing big cities has been amplified by the reaction to the coronavirus pandemic, but it is also connected to concerns about crime and social unrest.

A survey carried out by the Manhattan Institute last September found that 22 per cent thought the anemic post-COVID economy was the biggest issue affecting New York City while 21 per cent were concerned about crime and public safety.

After the outbreak of the COVID-19 pandemic, NYC removal companies reported that demand was off the charts, with people fleeing city life for larger homes in safer areas.

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Video: Trump Slams “Wasteful And Unnecessary” Pork In COVID-19 Stimulus Bill

“It really is a disgrace”

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Steve Watson

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President Trump appears to be vetoing the massive $900 billion coronavirus stimulus bill passed by Congress yesterday, slamming it for being full of “wasteful and unnecessary” items.

“Throughout the summer, Democrats cruelly blocked COVID relief legislation in an effort to advance their extreme left wing agenda and influence the election,” Trump announced.

He added that “it’s taken forever” to get a bill together, and now it “is much different than anticipated.”

“It really is a disgrace,” the President urged, demanding that Americans have stimulus checks upped to $2,000, while all manner of pork, including mountains of foreign aid, be stripped out of the legislation.

“Send me a suitable bill or else the next administration will have to deliver a COVID relief package and maybe that administration will be me and we will get it done,” Trump raged.

Watch:

Before the bill passed the Senate Tuesday, Senator Rand Paul, one of only six Republicans who voted against the legislation, slammed it as an ‘excessive’ waste of money, and said that all Republicans voting for it are no better than the ‘socialist’ Democrats they routinely criticise.

“When you vote to pass out free money, you lose your soul and you abandon forever any semblance of moral or fiscal integrity,” Paul urged.

Paul also noted that it would have been impossible for anyone to have read the bill:

Senator Ted Cruz also noted this, agreeing with Democrat Rep. Alexandria Ocasio-Cortez:

The difference, however, is that Paul and Cruz voted against the bill, where as AOC just voted in favor anyway.

The bill passed the House 359-53 and the Senate 92-6, but now it appears Trump will send it back.

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Economy

Paul Slams Republicans Voting For COVID Bill: ‘You Are No Better Than Socialist Dems’

“When you vote to pass out free money, you lose your soul and you abandon forever any semblance of moral or fiscal integrity”

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Steve Watson

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Senator Rand Paul slammed Republicans Monday for voting in favour of a huge $900 billion coronavirus relief bill, saying that they are no better than the Democrats they routinely label as ‘socialists’.

“To so-called conservatives who are quick to identify the socialism of Democrats: If you vote for this spending monstrosity, you are no better,” Paul urged in a speech on the Senate floor:

The Democrat controlled House, as well as the Senate passed the legislation, also tacking on a $1.4 trillion spending bill, prompting Paul to criticise the move as the government giving away “free money”.

“When you vote to pass out free money, you lose your soul and you abandon forever any semblance of moral or fiscal integrity,” Paul urged.

“If free money was the answer… if money really did grow on trees, why not give more free money?” Paul said.

“Why not give it out all the time? Why stop at $600 a person? Why not $1,000? Why not $2,000? Maybe these new Free-Money Republicans should join the Everybody-Gets-A-Guaranteed-Income Caucus? Why not $20,000 a year for everybody, why not $30,000? If we can print out money with impunity, why not do it?” the Senator proclaimed.

In addition to Paul, only five other Republicans voted against the legislation:

Senator Ted Cruz tweeted that there was no time to even read the bill, ironically agreeing with extreme leftist Democrat Alexandria Ocasio-Cortez:

Paul also noted that it would have been impossible for anyone to have read the bill:

Paul vowed to continue to ‘sound the alarm’ over excessive spending:

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