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Peter Schiff: What Is the Economy Going to Recover to?
Peter Schiff: What Is the Economy Going to Recover to? A lot of people still seem to think at some point, Donald Trump will flip a switch and the government will start humming again. As Peter Schiff explained in his podcast Friday that’s not going to happen. The best we can hope for is recovering […]
Stockman: This Is Not Your Grandfather’s Recession…
Stockman: This Is Not Your Grandfather’s Recession… Based on the shocking 6.6 million of new unemployment claims, we’d bet they’ll be some explosive political fireworks soon in this country about Covid-containment versus keeping the main street economy alive. There have now been an unprecedented, off-the charts 9.96 million new unemployment claims in the last two […]
Worse Than 2008: We Are Being Warned That The Coronavirus Shutdown “Could Collapse The Mortgage Market”
Worse Than 2008: We Are Being Warned That The Coronavirus Shutdown “Could Collapse The Mortgage Market” The cascading failures that have been set into motion by this “coronavirus shutdown” are going to make the financial crisis of 2008 look like a Sunday picnic. As you will see below, it is being estimated that unemployment in […]
Rabobank: “There Is Really Only One Headline Today – That PM Boris Johnson Is In Intensive Care”
Rabobank: “There Is Really Only One Headline Today – That PM Boris Johnson Is In Intensive Care” ICU There is really only one headline today – that UK PM Boris Johnson is in intensive care. Indeed, as several medical experts have attested, given the critical shortage of ICU beds he is likely to be on a […]
“All The Jobs Are Gone” – Africa Facing ‘Complete Economic Collapse’ As Virus Spreads
“All The Jobs Are Gone” – Africa Facing ‘Complete Economic Collapse’ As Virus Spreads The COVID-19 pandemic and lockdowns across the African continent could trigger an economic collapse, according to one United Nations (UN) official, who spoke with Associated Press (AP). Ahunna Eziakonwa, the UN Development Program regional director for Africa, warned that the pandemic would likely result in […]
“The Whole World’s F**ked!” – Raoul Pal Pulls No Punches In Latest Interview
“The Whole World’s F**ked!” – Raoul Pal Pulls No Punches In Latest Interview “The whole world’s f**ked.” That is how Raoul Pal, the former hedge-fund manager who founded Real Vision, reacted when he first heard of the uncontrolled and rapid contagion of COVID-19 across the globe. Speaking from his home in the Cayman Islands on the […]
“Media Extinction Event”: Print Newspapers Face COVID-19 Death-Knell
“Media Extinction Event”: Print Newspapers Face COVID-19 Death-Knell Traditional print media was already on the ropes long before the crisis, in competition with exploding alternative forms of digital news and independent platforms, but the coronavirus pandemic and accompanying shutdown of the economy could prove the final death blow. Bloomberg reports at a moment newspaper staff in cities […]
Gold Futures Extend Gains To 8 Year Highs After Pelosi’s Trillion-Dollar Promise
Gold Futures Extend Gains To 8 Year Highs After Pelosi’s Trillion-Dollar Promise COVID-19 appears to have impacted the deep fiscally-conservative regions of the brains of politicians more than many suspected possible as left, right, and center seem to be coalescing around the fact that moar spending is better, moar helicopter money is even better-er, and […]
The Great Government Gold Heist of 1933
The Great Government Gold Heist of 1933 Yesterday marked the anniversary of the great government gold heist of 1933 ordered by President Franklin D. Roosevelt. On April 5, 1933, the president signed Executive Order 6102. It was touted as a measure to stop gold hoarding, but it was in reality, a massive gold confiscation scheme. […]
“Project Zimbabwe”
“Project Zimbabwe” Roughly a month ago on the afternoon of Sunday, March 8th, Fed Chairman Powell had an emergency staff meeting. Powell: I want the nuttiest money printing plan ever. What action plans do we have that are prepared and ready to initiate? Admin: Well, we have this one named “GFC 2.0” Powell: Sounds tame and sedate. Won’t […]
Money Minus Value, No Limit
Money Minus Value, No Limit You understand, there will be no meaningful resuscitation of the dear, departed, so-called greatest boom in history. Ponzi schemes don’t “bounce back,” they collapse for the simple reason that the pieces holding them up were not really there. Such are the unanticipated consequences of a media over-saturated culture that we were […]
Oil Spikes After Russia Says Ready For “Substantial Output Cut”, But Warns 10MMb/d Cut Not Enough
Oil Spikes After Russia Says Ready For “Substantial Output Cut”, But Warns 10MMb/d Cut Not Enough Over the weekend, following the biggest ever oil short-squeeze in history following rampant hopes that Saudi Arabia and Russia were considering putting their differences aside and cutting up to 10mmb/d in oil output, we said that in a world where oil […]
Clarmond: The Virus Exposed That Treasury Collateral Is Anything But Stable
Clarmond: The Virus Exposed That Treasury Collateral Is Anything But Stable My father’s dark brown attache case, with its light, soft suede interior, lay invitingly open on his bed. The case was filled with intriguing goodies for a 10yr old to examine. There were files and photos of building sites (he was an engineer), a […]
Yellen Blames “Enormous Debt And Buybacks” For Coming Default Wave; Morgan Stanley Says It’s All The Fed’s Fault
Yellen Blames “Enormous Debt And Buybacks” For Coming Default Wave; Morgan Stanley Says It’s All The Fed’s Fault In June 2017, Janet Yellen decided to wave a red flag before the bulls of fate, and responding to a question on financial system stability, the then-Fed chair said post-crisis regulations had made financial institutions much “safer […]
The OPEC Meeting Could Send Oil Prices Crashing Below $10
The OPEC Meeting Could Send Oil Prices Crashing Below $10 The current optimism of analysts and the media that an end to the ongoing OPEC+ oil price spat is near is entirely unjustified. The ongoing oil market volatility, the battle between leading producers for market share, the logistical impossibility of enforcing U.S. production cuts, and […]
