by Charles Hugh-Smith An economy of rackets designed to enrich the few at the expense of the many is brittle because self-serving rackets snuff out competition, accountability and transparency. What’s remarkable about the lockdown isn’t the hue and cry about the economic damage–it’s the absence of any critical curiosity as to how our economy became … Read more
“Suppressing” bank balance-sheet data in a banking crisis to prevent the biggies from yanking their billions out of a weakened bank. By Wolf Richter for WOLF STREET. US banks are now finding themselves in a situation where homeowners don’t have to make mortgage payments for few months, and renters don’t have to pay rent for a while, which … Read more
Following the financial crisis of 2008-2009, investors began developing and trading cryptocurrencies. The leading cryptocurrency was at that time and continues to be Bitcoin. Cryptocurrencies operate independently of governments and central banks and rely on encryption and blockchain technology to define discrete units and record transfers among owners. In this article, Rory Brown, Lydian founder … Read more
Cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Dash, and Ripple, have reached mainstream consumers’ consciousness because of their unique decentralized nature. The primary appeal of this alternative medium of exchange is that no central entity controls the processes. Everything is done peer-to-peer. With its rising popularity, a lot of companies have created platforms where users can … Read more
https://www.youtube.com/watch?v=kD-UdMcpP6o The [DS] event is now running out of steam. The patriots are now ready to strike, the operators are now standing by. The people must be shown the truth to understand what has been happening in our country. Now is the time.
by Bleak_Midwinters New York City doesn’t have a slower death rate. They ran out of tests for the dead. Mark Levine, Chair of NYC Council Health Committee: “We simply don’t have the testing capacity for the large numbers dying at home. Now only those few who had a test confirmation before dying are marked as victims of … Read more
MOSCOW, April 6. /TASS/. The Northern Fleet’s Project 22350 lead frigate Admiral Gorshkov has left for the Belomorsk base for undergoing maintenance and loading a Tsirkon hypersonic missile for the next test-launch, a source in the defense industry told TASS on Monday. “The frigate Admiral Gorshkov has left for the Belomorsk naval base for undergoing … Read more
by SocialExplorerInc Data source and tool: https://www.socialexplorer.com/ Full Article: Toiler Paper, Flour, and Internet Access in Short Supply Interactive map: No Internet Access in the United States
By Nick Cunningham G20 countries are set to send their oil minister for an emergency meeting on Friday, a sign that there is a chance that OPEC and Russia can pull in other oil-producing countries into a global production cut. Sentiment around the odds of a massive production cut deal have seemingly gyrated just as much … Read more
https://www.youtube.com/watch?v=GRUV6JW78UU Hank Berrein from The Daily Wire reports, On Thursday, a photo was posted of the No. 2 train in Manhattan at 6 p.m. showing people jammed into it despite the efforts by New York City to implement social distancing among people. Read More/Source/Credit/FairUse: https://www.dailywire.com/news/photo-…
https://www.youtube.com/watch?v=7hlBFeVMWqg As markets saw a slight bump on virus optimism, is there reason to maintain a dark outlook on the state of stocks? We bring in an expert panel to analyze and give their outlooks.
by informedamerican A well-regarded University of Washington model shows that the number of deaths in New York City should peak around April 11, and deaths should peak across the nation around April 16. It looks like Italy, the worst hit spot in Europe so far, has already turned the corner. Italy reported its lowest daily death toll related … Read more
According to Google, 99% of Duo calls have to deal with jumbled or lost packets. A tenth of those calls lose more than 8% of their audio. Generating speech: To fix the problem, the team built on a neural network developed by DeepMind that can generate realistic speech from text. Called WaveNetEQ, the new neural network … Read more
by informedamerican Oil prices rallied the most in history last week, but the 40%-plus gains only lifted prices from just under $20 to near $30. That’s not going to make anyone in Texas or North Dakota feel better. U.S. shale producers need oil prices over $50 to be comfortable, and even at that level they don’t … Read more
by informedamerican Most Western nations are locked up tight as drums during the coronavirus scare, but several Nordic countries are charting a different course. Sweden took the rational approach, asking those at risk to remain under self-quarantine and for the rest of the population to pay attention to social distancing. They figured the virus would spread … Read more
Photo by Wikimedia.org | CC BY | Photoshopped From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: The path for gold is up, investors are reaching far to get their hands on physical gold, and an overview of which nations hold the most bullion. … Read more
Rumors of a food shortage have swirled on social media for weeks, in the wake of the coronavirus lockdown that stopped tens of millions of people from going to work, and a leaked government document made public on Thursday shows that government officials have also been planning for a shortfall in food supplies. … The … Read more
By Irina Slav Russia may be willing to reduce its oil production by as much as 1 million bpd, or a little under 10 percent of its March average but only if the United States joins the cuts, Bloomberg has reported citing sources it said were familiar with the dominant sentiment in the industry. The report comes … Read more
by Mac-Bomaco Here are the headlines (in-order) from MarketWatch.com this morning: Barron’s on MarketWatch: Economic damage can’t be reversed, and stocks will resume decline, says stratigist Jim Rogers: Worst is yet to come for U.S. markets Last month Bill Ackman said ‘hell is coming.’ Now he’s ‘optimistic.’ Market bottom or ‘very tough times ahead’? Here’s what one chart watcher is … Read more
by beerdlaw Sorry guys/gals, this is just a post to vent. Playing by the rules and relying on politicians apparently never pays off. I run a solo law firm which has been effectively shut down for almost 4 weeks now and while I have been operating for a couple years with modest success, my business … Read more
The CEO and Chairman are having shares called in. “Following the occurrence of a default by Haode Investment Inc. (the “Borrower”), a shareholder of Luckin Coffee Inc. (the “Company”) (NASDAQ: LK), under a US$ 518 million margin loan facility (the “Facility”), a syndicate of lenders, as secured parties under the Facility (the “Lenders”), has instructed … Read more
Behind The Scenes At The $2 Trillion 'Coronavirus' Bailout – with Rep. Thomas Massie — today on the Liberty Report:https://t.co/0trrRpqjvh — Ron Paul (@RonPaul) April 6, 2020
Seeing way too many people treating this market as a run or the mill sell off, the likes of which we have seen regularly 2009-2019.. and assuming that policy action = buy the dip 1/ — Igor Shatz (@Copernicus2013) April 6, 2020 JAMIE DIMON WARNS: We’re getting a ‘bad recession’ plus ‘financial stress’ like the … Read more
Paypal seeing an opportunity in a crisis, one of wanting to manage the US Governments distribution of $1200 Coronavirus stimulus payments to every adult American who earns under $75,000 per year and $500 for each child and thus have started a campaign of buttering up the public and politicians in allowing PAYPAL access to YOUR … Read more
