1 million dead people received federal stimulus checks

Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice.

Get The Full Ray Dalio Series in PDF

Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

Q2 2020 hedge fund letters, conferences and more

A million dead people received stimulus checks totalling $1.4 billion

In response to coronavirus lockdowns, a tanking economy, and millions out of work, the US government sent $1,200 stimulus checks to most Americans.

Worm Capital July 2020 Performance Update: Up 152% YTD

Worm Capital performance update for the month ended July 31, 2020. Q2 2020 hedge fund letters, conferences and more Long/Short Equity Growth Strategy Net Performance Long-Only Equity Growth Strategy Net Performance


Over 1.1 million of those checks ended up going to people who were already dead.

The total amount of money which was sent to dead people came to about $1.4 billion, according to a report from the Government Accountability Office.

That’s because, in an effort to rush the checks out the door, the IRS used old data that did not include information from the Social Security office about recently deceased.

Currently the government has no plan in place to recover the money, other than simply saying anyone who receives one of these checks meant for dead people should return them.

But they have no plans to tell anyone how to return the checks.

Click here to read the full story.

Federal Judge forced to resign for calling his clerk “street smart”

The chief judge of the 9th U.S. District Court for the Central District of California held a webinar with attorneys in California recently to discuss new Covid procedures and provide general updates about the court.

It should have been a pretty mundane webinar.

At one point, the judge praised his clerk, saying “we have just a fabulous clerk of the court in Kiry Gray. She’s so street-smart and really knows her job.”

THE HORROR!

Yes, apparently describing someone as “street smart” is a demeaning, racist comment. And the Twitter mob piled on the heat, calling out the judge’s obvious white supremacy.

He has now resigned from his post.

..........

We think gold could DOUBLE and silver could increase by up to 5 TIMES in the next few years.

That's why we published a new, 50-page long Ultimate Guide on Gold & Silver that you can download here.

Inside you'll learn...

How you could Double Your Money with an asset that Has a 5,000 Year History of Prosperity

  • ​Why gold could potentially DOUBLE, and why silver could increase by up to 5 TIMES
  • ·​The 5 smartest, safest and most lucrative ways to own gold and silver (and one way you should definitely avoid)
  • ​Why gold is the ultimate anti-currency and insurance policy against the systematic destruction of the US dollar (that everyone should at least consider owning)
  • ​Why ETFs are a lurking timebomb and why you want to avoid them like the plague
  • ​And everything else you need to know about buying, owning, storing and investing in precious metals

​This 50-page report is brand new and absolutely free.

Article by Simon Black, Sovereign Man