by Charles Hugh-Smith And so we’ve reached the precarious state of disunion in which the only thing the warring elites can agree upon is that the Federal Reserve should rescue their private wealth, regardless of cost or consequences. America’s divides are proliferating and deepening by the day. The key political and economic divides predate the pandemic, … Read more
https://twitter.com/hks55/status/1255635406349045761 Our IWM Optimism Index (for small cap stocks) has reached 99, the highest level *EVER* The 2nd highest reading was in Oct 2011, when stocks fell -12.8% over the next month. Less extreme readings also led to pullbacks pic.twitter.com/WF67uR9EsJ — SentimenTrader (@sentimentrader) April 30, 2020 https://twitter.com/yuriymatso/status/1255650478542610433 "The US unemployment rate may have already reached … Read more
In addition to logistical difficulties of selling a home in the era of social distancing, there is the explosion of a historic unemployment crisis. By Wolf Richter for WOLF STREET. By the end of April, there will be 4.2 million mortgages in forbearance, or 7.6% of all mortgages, the American Enterprise Institute estimated in a note, based on … Read more
(by Half Dollar) If the Fed’s full display of financial repression wasn’t enough for one day, let’s kick-it up a notch with everybody’s favorite soon-to-fail-but-never-does bank, Deutsche Bank. From Handelsblatt (translated by Google): Frankfurt Deutsche Bank will soon introduce negative interest rates for large deposits in its retail banking business and that of its subsidiary Postbank. “The ongoing pressure from … Read more
by J.G. Martinez via The Organic Prepper The Fuel Shortage in Venezuela Will Lead to Starvation Dear readers, those who already know me are aware I used to write about confirmed facts we all care about as preppers. At this point in my life I hardly can be considered a prepper, though. A survivor? Sure. I’ve been in … Read more
by Ron Paul of Ron Paul Liberty Report Will a bankrupt nation suffering from a massive six trillion dollar bailout hangover lose its appetite for interventionism overseas? Or is the global coronavirus just the kind of “Pearl Harbor event” the neocons have long pined for to again launch their global war plans?
from Daily Market Wisdom with Nick Santiago For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring … Read more
from Financial Survival Network “There are decades where nothing happens and there are weeks when decades happen.” – Vladimir Lennin. Everything Gordon T. Long and I have been talking about has come to fruition. The size and magnitude of the problem has been grossly understated. Oil companies, state and local government debt. Globally it’s even worse. 50-60 percent of … Read more
BY JOHN RUBINO It seemed like such a good idea at the time. Airbnbs were the next wave in hospitality, taking market share from hotels and motels and backed by a tech network that made running a virtual bed and breakfast fun and easy. So you borrow a bunch of money, buy a couple of houses, … Read more
by J.G. Martinez D. Dear readers, those who already know me are aware I used to write about confirmed facts we all care about as preppers. At this point in my life I hardly can be considered a prepper, though. A survivor? Sure. I’ve been in much better conditions (as I have mentioned earlier in … Read more
by mark000 Q1 first estimate announced today is -5%. Current Q2 forecast is -30%. This is the development in late Feb/March (back around then the forecast changed from positive to -20% because OMG pandemics are Bad!) that caused the stockmarkets to crash -35% below the recent all time highs. A Q3 GDP growth of +15% … Read more
Democratic Rep. Ilhan Omar of Minnesota has introduced a radical measure that would dismantle Americans’ property rights. If enacted, the Rent and Mortgage Cancellation Act would come dangerously close to the socialist dream of stripping people of the right to control their property and would allow for another massive government expansion. This bill, introduced April 17, would … Read more
Caught On Video: A pair of Wisconsin police officers on a crazed power trip show up at a woman’s home because she “violated a state order” by allowing her daughter to play at a neighbor’s house pic.twitter.com/JTtogvoE1X — Darrin McBreen (@MediaRival) April 29, 2020
https://twitter.com/valeriebgilbert/status/1255501367965298688 The flags are raised manually by UN Security officers every weekday morning at approximately 8am and lowered every weekday at around 4pm, except in the cases of bad weather. The flags are organized in English alphabetical order from north to south. On weekends, only the UN flag is raised. Further information can be found … Read more
via realclearinvestigations A fuller accounting by the Times is especially necessary because the media’s pushing of Trump-Russia conspiracy theories was central to an unprecedented and possibly criminal effort to subvert or remove a president under false pretenses. Unless the Times and other sources come clean about who was feeding them misleading and partisan information, we may … Read more
Wow he even quoted “Promises Made Promises Kept”
A video of law enforcement officers telling a 93-year-old couple that they can’t sit in chairs on a beach in Oxnard, California, is currently going viral on social media. The officers, who were on horseback, were heckled by other beachgoers for harassing the couple about their chairs. The beaches are currently open, and the couple … Read more
https://youtu.be/KW_2mWBFu1U
He expects stores to remain close until like end of year. Crazy person. Today California governor Gavin Newsom and Department of Public Health leader Dr. Sonia Angell outlined a broad plan to reopen the state’s economy, including the limited reintroduction of in-room dining for restaurants and other openings for non-essential businesses like manufacturing, childcare facilities, … Read more
