MOSSAD
Florida hospital admits its COVID positivity rate is 10x lower than first reported
Positivity rates have been skyrocketing at various Florida labs, raising concerns of misreporting.
A Florida hospital handling COVID-19 tests confirmed to media this week that its near-100% positivity rate was overstated by a factor of 10, raising already-heightened concerns that numerous labs are over reporting the number of confirmed infections.
The Florida Division of Emergency Management posts a daily coronavirus update on its website, which features a list of the positivity rates of every COVID testing facility in the state. Hundreds of labs and hospitals throughout Florida are regularly testing state residents for the coronavirus.
In recent days, numerous facilities have begun reporting 100% positivity rates, figures significantly higher than the statewide average of around 15%. Many of those labs claim to have tested only one patient, though others with 100% rates report testing dozens and sometimes hundreds of patients.
Orlando news station Fox 35 said on Monday that it undertook an investigation of those "astronomical figures," after which several medical facilities confirmed that their actual positive rates were much lower than those reported to the state government.
The news station reported that area hospital Orlando Health "confirmed errors in the report," with hospital officials stating their their "positivity rate is only 9.4 percent, not 98 percent."
Another Orlando-area lab, Veteran’s Medical Center, listed "a positivity rate of 76 percent," but a company official said that "the positivity rate for the center is actually 6 percent."
The inflated numbers come as Florida has been recording record numbers of COVID-19 infections, though an analysis of state data by Just the News last week revealed that the state's recent record-breaking counts of infections may have been overestimated by as much as 30%.
https://justthenews.com/politics-policy/coronavirus/florida-lab-admits-its-covid-positivity-rate-was-inflated-90
Banks Brace For A Historic Crash With Record Loss Provisions
For many years after the financial crisis, US commercial banks were mocked when instead of generating earnings the old-fashioned way, by collecting the interest arb on loans they had made, or even by frontrunning the Fed with their prop (and flow) trading desks, they would "earn" their way to just above consensus estimates by releasing some of their accumulated loan loss reserves, an accounting gimmick if there ever was one, which would end up boosting the bottom line thanks to a few "kitchen sink" quarters in the aftermath of the Lehman bankruptcy. The thinking here went that having suffered massive losses during the financial crisis, when all banks suffered crushing losses so they would then get bailed out, these same banks would then "recoup" billions in losses over time that would be run through the income statement as a reversal of accrued loss provisions.
Well, after the longest expansion in history, this process has gone aggressively into reverse, and instead of releasing loan loss reserves the banks are now building them up again as the "biblical" wave of consumer and corporate defaults due to the US economic shutdown hits US banks.
We first made this observations exactly thee months ago when in "Houston: The Banks Have A Huge Problem" we said, and we quote…
… on average most banks - this time including the hedge fund known as Goldman Sachs which has since pivoted to becoming a subprime lender to the masses with "Marcus" - saw their loan loss provisions surge by roughly 4x from year ago levels, with JPMorgan's jumping the most, or just over 5x, hinting the other banks are likely underprovisioned for the storm that is coming.
Alas, these provisions amounts are nowhere near enough if history is any indication.
Once again we were right, because as the first three reporting banks revealed today, the economic situation - as observed by the same banks that have the bird's eye view over the economy and what is coming, in the form of non-payment on their existing loans - is about to get far worse, and as shown in the chart below, Q2 loss provisions surged from Q1 - just as we said they wold.
For many years after the financial crisis, US commercial banks were mocked when instead of generating earnings the old-fashioned way, by collecting the interest arb on loans they had made, or even by frontrunning the Fed with their prop (and flow) trading desks, they would "earn" their way to just above consensus estimates by releasing some of their accumulated loan loss reserves, an accounting gimmick if there ever was one, which would end up boosting the bottom line thanks to a few "kitchen sink" quarters in the aftermath of the Lehman bankruptcy. The thinking here went that having suffered massive losses during the financial crisis, when all banks suffered crushing losses so they would then get bailed out, these same banks would then "recoup" billions in losses over time that would be run through the income statement as a reversal of accrued loss provisions.
Well, after the longest expansion in history, this process has gone aggressively into reverse, and instead of releasing loan loss reserves the banks are now building them up again as the "biblical" wave of consumer and corporate defaults due to the US economic shutdown hits US banks.
We first made this observations exactly thee months ago when in "Houston: The Banks Have A Huge Problem" we said, and we quote…
… on average most banks - this time including the hedge fund known as Goldman Sachs which has since pivoted to becoming a subprime lender to the masses with "Marcus" - saw their loan loss provisions surge by roughly 4x from year ago levels, with JPMorgan's jumping the most, or just over 5x, hinting the other banks are likely underprovisioned for the storm that is coming.
Alas, these provisions amounts are nowhere near enough if history is any indication.
Once again we were right, because as the first three reporting banks revealed today, the economic situation - as observed by the same banks that have the bird's eye view over the economy and what is coming, in the form of non-payment on their existing loans - is about to get far worse, and as shown in the chart below, Q2 loss provisions surged from Q1 - just as we said they wold.
https://www.zerohedge.com/markets/banks-brace-historic-crash-record-loss-provisions
Border Patrol Captures Meth Plane's Drug Cargo In California
Perhaps drug smugglers are adjusting to President Trump's new border wall and increased patrols via US Customs and Border Protection (CBP) agents. So far, about 200 miles of the latest high-tech fence has been erected, and stricter border enforcement overall has led to a decline in crossings this year.
Traversing the international border has become more challenging for drug smugglers and could be the reason why some have resorted to using ultralight aircraft flying at low altitudes.
KXAN-TV in Austin, Texas, reports Monday CBP spotted an ultralight aircraft in US airspace moments before finding a duffle bag filled with meth.
CBP agents in the El Centro Sector's Calexico Station followed the aircraft late Saturday night about three and a half miles north of the US-Mexico border.
When agents responded to the dropoff zone - they found a 145.5-pound bag of methamphetamine in 26 clear plastic containers. The Drug Enforcement Administration (DEA) determined the drugs were meth and said it has a street value of $327,375.
Several images via CBP:
Meth plane's cargo
https://www.zerohedge.com/political/border-patrol-captures-meth-planes-drug-cargo-california
Texas Coronavirus Numbers Show COVID-19 Less Lethal than Last Two Flu Seasons
This is really STUNNING information!
The Texas Department of Health released numbers recently comparing the coronavirus to the last two seasonal flu viruses.
The coronavirus was actually less lethal than the flu in the state!
The fle had a mortality rate of 0.03% and 0.04%.
The coronavirus has a mortality rate of 0.01% in Texas.
This won’t make any headlines.
https://www.thegatewaypundit.com/2020/07/stunning-texas-coronavirus-numbers-show-covid-19-less-lethal-last-two-flu-seasons/
THE MCDONALD BLOODLINE