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Never Before Have I Seen So Much Fake Unemployment & Jobs Data by the Bureau of Labor Statistics. Labor Department Nails It
Never Before Have I Seen So Much Fake Unemployment & Jobs Data by the Bureau of Labor Statistics. Labor Department Nails It Labor Department today: People on state & federal unemployment insurance jumped to 31.5 million, worst ever. Bureau of Labor Statistics today: 4.8 million jobs created, unemployment dropped by 3.2 million. BLS under-reported unemployment […]
“Panic-Driven Hoarding Of Bank Notes”: People Aren’t Abandoning Cash During The Pandemic, They’re Socking It Away
“Panic-Driven Hoarding Of Bank Notes”: People Aren’t Abandoning Cash During The Pandemic, They’re Socking It Away Habits change in the midst of a global recession, not to mention a global pandemic. We have already looked at how the pandemic has caused seismic shifts in many industries, but it is also causing a shift in how people […]
The Fed Just Picked the “Big Guys” (Again) Over Individuals
The Fed Just Picked the “Big Guys” (Again) Over Individuals In a recent disclosure to Congress, the Fed revealed that it just purchased $429 million in bonds from 86 corporations. They did this through something called a Secondary Market Corporate Credit Facility (SMCCF). Buried on the Fed’s website, the press release explains the intention behind this purchase of bonds: […]
Central Banks & the Hidden Agenda to Control Society
Central Banks & the Hidden Agenda to Control Society We will be releasing this report this week which includes, as part of the Great Reset, the push to eliminate currency to move toward a digital currency world where they can track everything we do and allow for drastic increases in taxation. They have been suddenly […]
The Flim-Flam Men
The Flim-Flam Men I suspect if average Joe or Jane were asked to identify modern examples of ‘Flim-Flam Men’, many would point to Bernie Madoff or Allen Stanford. (Remember them from the last “Great Financial Crisis” of 2008?) Or even to a long list of Too Big To Fail bank CEO’s past and present, plus various corporate, […]
The New Normal: Extremes of Neofeudalism, Incompetence, Authoritarianism and Relocalization
The New Normal: Extremes of Neofeudalism, Incompetence, Authoritarianism and Relocalization The pendulum swung to an extreme of globalization, financialization, centralization and monopoly, all of which created extreme systemic fragility. Here’s what to expect in the rapidly evolving New Normal: extremes become even more extreme as the status quo attempts to force compliance with its last-ditch schemes […]
The Chain Reaction is Now in Process
THE CHAIN REACTION IS NOW IN PROCESS Much has been written about the economic consequences of Covid-19, yet, just as in many of the analyses of the Great Depression and the 2008 crisis, the years of accumulating debt preceding the event do not attract the attention they deserve. Covid-19—or to be more precise, the lockdown—has initiated […]
The COVID Class War
The COVID Class War The European Union’s proposed recovery fund to counter the pandemic’s economic fallout seems destined to leave the majority in every member state worse off. Finance will again be protected, if badly, while workers are left to foot the bill through new rounds of austerity. ATHENS – The euro crisis that erupted […]
Big Banks Win, You Lose (Volume 32,836)
Big Banks Win, You Lose (Volume 32,836) Part of the 2010 Dodd-Frank Act, the “Volcker Rule” was intended to prevent big banks from taking irresponsible risks. It’s named after a former Fed Chair, the late Paul Volcker, who used this concept to curb out-of-control inflation in the 1980s. But in spite of an already-uncertain economy, regulators […]
Citibank Joins Mainstream Gold Bulls Forecasting Record Prices
Citibank Joins Mainstream Gold Bulls Forecasting Record Prices Citibank has joined other mainstream gold bulls calling for record gold prices. Citi raised its gold price forecast this week. It now projects a three-month price of $1,825 per ounce and for the yellow metal to head into record territory in 2021. Citi analysts expect gold to eclipse […]
TOM CLOUD PRECIOUS METALS UPDATE: U.S. Dollar Troubles Ahead & Are Banks Safe?
TOM CLOUD PRECIOUS METALS UPDATE: U.S. Dollar Troubles Ahead & Are Banks Safe? In the newest precious metals update, Tom Cloud discusses the platinum market, U.S. Dollar troubles, and is your money safe in banks. Tom says that more individuals and companies are moving some of their cash out of banks and into physical metals […]
Who Will Get Hit When Collateralized Loan Obligations (CLOs) Blow Up? Banks or Unsuspecting “Market Participants”?
Who Will Get Hit When Collateralized Loan Obligations (CLOs) Blow Up? Banks or Unsuspecting “Market Participants”? Answers emerge from the murky business of CLOs. There has been quite some hoopla surrounding Collateralized Loan obligations (CLOs) because the underlying leveraged loans – junk-rated loans often used by private equity firms to fund leveraged buyouts (LBO) and […]
Blain’s Morning Porridge – June 29 2020: What if it’s just begun?
Blain’s Morning Porridge – June 29 2020: What if it’s just begun? What if the real pain is still to come? “That about sums it up for me..” There is an amusing piece on the FTs’ Alphaville listing 20 things investors should look for when trying to work out who will be the next Wirecard. You […]
Natural Gas Price Plunge Could Soon Lead To Shut-Ins
Natural Gas Price Plunge Could Soon Lead To Shut-Ins Natural gas prices plunged to new lows this week, falling below $1.50/MMBtu, a catastrophically low price for U.S. gas drillers. The factors afflicting the gas market are multiple. Prices had already fallen below $2/MMBtu at the start of 2020, weighed down by oversupply. But it wasn’t a […]
