Worldwide about 400,000 airline workers have been fired, furloughed or told they may lose their jobs due to coronavirus

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Time to get a backup career change? About 400,000 airline workers have been fired, furloughed or told they may lose their jobs due to the coronavirus, according to Bloomberg calculations. The aviation industry has suffered more than most as the pandemic destroys ticket sales and strips companies of cash. Airlines the world over have drastically … Read more

Straight Talk: Bear Raid

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BY SVEN HENRICH A confluence of factors led to this week’s sell-off in markets. In the lead up to this week’s market top we saw all the classic signs: Weakening participation, highly overbought readings, vast technical extensions, historic valuations accompanied by extreme complacency and bear capitulations. And make no mistake: This sell off was intense. … Read more

Volkswagen announces a breakthrough in Lithium Batteries and is poised to outdo Tesla

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“Even as researchers since then have managed to enable a massive lithium-ion economy of portable electronic devices, they have never gotten beyond inserting just a small few crumbs of the metal into the batteries powering iPhones, Tesla automobiles, and Chromebooks. Pure lithium has remained the Holy Grail – the presumed best consumer battery possible using … Read more

White House CANCELS racial sensitivity training for all federal employees because it is ‘un-American propaganda’

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White House CANCELS racial sensitivity training for all federal employees because it is ‘un-American propaganda’: Trump blasts classes on ‘critical race theory’ and ‘white privilege’ as a ‘sickness in our country’ President Trump has demanded federal agencies identify training sessions on ‘critical race theory’ so that they can stop being subsidized by the taxpayer The … Read more

Big Banks Are In Massive Trouble

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I have a 815 RScore, work and have noticed Chase keeps lowering my credit limit even though I have not passed 10% of it. Same thing applies to my BofA CCard, the limit keeps dropping even though I don’t use it unless it is an emergency and I’m not even at 5% of the limit … Read more

Since the beginning of recorded history, whichever country owned the most gold was the reserve currency of the world.

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Since the beginning of recorded history, whichever country owned the most gold was the reserve currency of the world. Interestingly, whichever country was the reserve currency of the world was also the military power of the world. Global reserve currencies since 1450: pic.twitter.com/FXCeQRlexs — Greg Chamandy (@GregChamandy) September 3, 2020

Pension Funds Join the Gold Party—Things Are About to Get Interesting

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Jeff Clark, Senior Analyst, GoldSilver  SEP 4, 2020 Today, institutional participation – the enormous Wall St and global wealth management and investment firms and their clients from hedge funds to pension funds – in the gold market is minimal. But with interest rates near zero globally, we’re seeing signs that this is changing rapidly. The … Read more

Tesla Stock Could Tumble Over 90%, Says Analyst

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https://finance.yahoo.com/news/tesla-stock-could-tumble-over-200529902.html?theme=2&_v=1&color=1&hl=en&sp=1 GLJ Research analyst Gordon Johnson expects Tesla shares to be changing hands for $19 each a year from now (yes, that’s not a typo), implying a decline of 96%. Needless to say, Johnson’s rating for Tesla is a Sell. The problems? Let’s see. Take away “FSD (full self-driving) and credit sales in 2020,” and … Read more