Breaking news, updates, and reports on current events.
BY SRSROCCO The U.S. public debt increased at the fastest rate ever during April. Due to the negative economic impacts stemming from the global contagion, the U.S. Treasury increased the federal debt by a whopping $1.3 trillion in a single month. The additional $1.3 trillion of U.S. public debt during April would purchase approximately one-third … Read more
The state of Illinois has released 4,000 prisoners as part of its pandemic mitigation strategy, a group of convicted criminals including 146 sex offenders and 64 convicted murderers. Prisons and jails around the country have resorted to setting criminals free in the hopes of preventing disease outbreaks within correctional houses. In Illinois, criminals were either pardoned … Read more
These politicians need to GO! and I’m seriously getting tired of these tyrants! These LEO’s need to realize THEY WORK FOR US! Scroll to 2:00 in and watch your tax paying dollars at work! Suggest pine and let’s water this to watch it grow, ENOUGH IS ENOUGH! Authorities release, arrest California man three times in … Read more
Stop being so nice to these traitors, they are expecting your response, don’t think they are unprepared. AC
by Playaguy The rising cost of higher education in the US has resulted in new class of administrators. The one in the article makes 1.2 million a year (she took a pay cut down to $1m because of the crisis). Much of the cost is subsidized by International students, and many of those from China. It’s … Read more
https://www.bloomberg.com/news/articles/2020-05-02/the-non-bailout-how-the-fed-saved-boeing-without-paying-a-dime The Fed’s decision to use its near limitless balance sheet to purchase corporate bonds eased liquidity so much that it was a game changer for the company, according to people with knowledge of the matter who asked not to be identified because they weren’t authorized to speak publicly. Ultimately, it allowed Boeing to raise … Read more
https://www.cnbc.com/2020/05/02/warren-buffetts-berkshire-posts-record-net-loss-of-nearly-50-billion-on-coronavirus.html Warren Buffett’s Berkshire Hathaway posted a higher operating profit on Saturday, but the coronavirus pandemic pummeled its common stock investments and led to a record net loss. Berkshire’s first-quarter net loss totaled $49.75 billion, or $30,653 per Class A share, reflecting $54.52 billion of losses from investments, mainly common stocks. A year earlier, net … Read more
by Doochebag The FBI Set Flynn Up to Preserve the Trump–Russia Probe. They didn't want Flynn around to expose their dirty deeds. @realDonaldTrump https://t.co/Jo1BitxOlM https://t.co/DAoos8zr7w — Tom Fitton (@TomFitton) May 2, 2020 Putting Flynn in a position of authority in intelligence will be the ultimate checkmate over the people that tried to ruin him. Hopefully … Read more
First wave of virus litigations are filed NEW YORK – Hundreds of lawsuits stemming from the coronavirus pandemic are rapidly amassing in state and federal courts, the first wave of litigation challenging decisions made early during the crisis by corporations, insurance companies and governments. Claims have been filed against hospitals and senior-living facilities, airlines and … Read more
Congressman Devin Nunes unpacks the FBI and Mainstream Media’s corrupt efforts to set up Lt. Gen. Michael Flynn on ‘Lou Dobbs Tonight,’ April 30, 2020. https://www.youtube.com/watch?v=TPGks7be5g0
by CornPop https://youtu.be/cXXSc9HifeA He’s right. That interview was just sick. Nicole Wallace is sick and the audience is sick. All the laughing and arrogance was just so disgusting there are no words. AC
Flooding on a brittle volcano caused Hawaii volcano eruption AO
Protests in Michigan where politicians wear bullet proof vests. AO
BY JOHN RUBINO Matt Taibbi: Expect tens of billions of dollars of fraud in these bailouts … Saagar Enjeti: Biden will put the usual Wall Street suspects in charge of the economy … Rick Ackerman – We have a deflationary abyss to cross … Alex Newman: The federal government cannot bail everybody out … Max Keiser: … Read more
by David Haggith It was the best of times, it was the worst of times. April closed as the best month for the US stock market since the V-shaped recovery that followed the Black Monday stock market crash of 1987. April also delivered the deepest, broadest economic collapse of any month in history. The economic collapse … Read more
by Kimble Charting When fewer and fewer stocks are holding up a market, could that end up sending a bearish message to stock market bulls? Yes. This ratio looks at the NDX 100 index compared to the Nasdaq Composite Index. The ratio compares the strength of the 100 largest tech stocks (NDX) to the strength of 3,300 tech stocks (Nasdaq … Read more
by Kimble Charting A healthy banking system is the hallmark of a growing economy. So when back stocks turn “south”, investors should tune in. Like the broader stock market indices, the Bank Index (BKX) crashed in March before bouncing back into April. That bounce has the Bank Index testing triple resistance at (1). This area is market several trends … Read more
We are in Systemic Collapse. This is the Systemic Moment. — Paranoid Bull (@paranoidbull) May 2, 2020 BULLARD: EXTENDED PAUSE WILL START BREAKING PARTS OF ECONOMY — *Walter Bloomberg (@DeItaone) May 1, 2020 “In a liquidity crisis, otherwise healthy firms collapse because they can’t access credit. The Fed can resolve such a crisis…In a solvency … Read more
Discover dollar swap line 👉 INTEL YOU NEED! 👈 Dollar swap lines seem intimidating but there very simple to understand, assuming you’ve got an amazing video like this do explain them to YOU! Jokes aside it’s crucial you do understand them to navigate the current economic environment. Dollar swap lines have been set up for … Read more
by DCG In the latest “NEVER LET A CRISIS GO TO WASTE” denial of civil rights, Canada’s prime minister Justin Trudeau yesterday (April 30) banned virtually ALL AR-15 rifles the country. Trudeau opted to immediately ban the firearms outright himself, which Canada’s current draconian gun laws allow, rather ordering a “gun buyback,” which would have … Read more