Here comes the Oil bailout:

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We will never let the great U.S. Oil & Gas Industry down. I have instructed the Secretary of Energy and Secretary of the Treasury to formulate a plan which will make funds available so that these very important companies and jobs will be secured long into the future! We will never let the great U.S. … Read more

Credit Markets Turmoil: More Collateral Problems; Automobile Collateral to Impact Ford and GM

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https://finance.yahoo.com/news/gm-ford-face-billions-losses-135232626.html There is nothing the Fed can do about these problems, and as collateral continues to deflate, credit markets will increase their distress. This is the 3rd in a series of Posts that highlight the deterioration of collateral in the credit markets. 1st we had CMBS reporting that delinquencies are sending many loans to special … Read more

Facebook tells you when you are wrong.

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by voodooshrimps I posted this link corona virus Facebook very kindly informed me I was wrong. As of 2019 79% of the us population uses Facebook. This presents a massive influence on the information people view as real or fake. This isn’t news to most of us, but it is upsetting to see this, control the … Read more

After many wins, the Left prepares for the final battle

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by Fabius Maximus Summary:  The Left has been winning since the 1970s. Now their war on us enters the pursuit phase of battle, the last phase. Their success results from a powerful but unmentioned alliance. The next battles will help determine America’s course for the 21st century. Leftists celebrating their generations of victories. By Rawpixel.com – … Read more

SHAME LIST: Here are the largest public companies taking payroll loans meant for small businesses

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Hundreds of millions of dollars of Paycheck Protection Program funds have been claimed by large, publicly traded companies. In fact, the U.S. government has allocated at least $243.4 million of the total $349 billion to publicly traded companies, according to Morgan Stanley. Several of the companies have market values well in excess of $100 million, … Read more

They’ll wreck the currency if they have to

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by Simon Black Nearly seven centuries ago in the mid-1300s, the first major outbreak of the Bubonic Plague forced Europeans into some of the harshest social distancing measures in history. As Boccacio wrote in The Decameron in 1353, the hysteria was so extreme that “brother abandoned brother. . . fathers and mothers refused to see and … Read more

Oil Market Crash Could Lead To Mass Bankruptcies

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By Irina Slav After U.S. crude oil fell into negative territory yesterday, one expert has warned that the oil industry crisis could force many companies to stop operating. U.S. oil companies have different production costs and different debt burdens, and the most vulnerable are those that have borrowed heavily in anticipation of higher prices, former … Read more

List of companies filing bankruptcy

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Neiman Marcus is filing bankruptcy this week. https://www.tmz.com/2020/04/19/neiman-marcus-to-file-for-bankruptcy/ JCPenney to file bankruptcy soon https://www.forbes.com/sites/walterloeb/2020/04/17/pandemic-bankruptcies-threatens-jcpenney-neiman-marcus-and-many-others/#18bdecbb4b10 Hertz to file bankruptcy soon https://www.winknews.com/2020/04/16/reports-estero-based-hertz-could-face-bankruptcy/ Frontier Internet to file bankruptcy soon https://www.bloomberg.com/news/articles/2020-04-14/frontier-said-to-prepare-bankruptcy-ahead-of-april-15-payment AMC to file bankruptcy soon https://www.vanityfair.com/hollywood/2020/04/amc-bankruptcy-reports UPDATE: 24 hour fitness United States of America Jimbpys tacos   More Wisconsin farmers filing for bankruptcy https://www.wbay.com/content/news/More-Wisconsin-farmers-filing-for-bankruptcy-569628591.html https://www.dailyjobcuts.com/   AC

NYC Plans Ticker Tape Parade Honoring Health Care Workers… Doctors Struggling: Never Taken So Much Time Crying In Shower

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De Blasio Says NYC Will Hold Ticker Tape Parade After Pandemic Ends NEW YORK (WCBS 880) — New York City Mayor Bill de Blasio announced that he plans to throw a ticker tape parade in the Canyon of Heroes to honor health care workers and first responders once the coronavirus pandemic is over. “We will honor … Read more

Danielle DiMartino Booth: Fed is Over the Line & US Treasury Looking Like Enron

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Danielle DiMartino Booth interviewed by Dunagun Kaiser on Reluctant Preppers ​Former advisor to the Federal Reserve, founder of Quill Intelligence, and author of, “Fed Up: An Insider’s Take on Why the Federal Reserve is Bad for America,” Danielle DiMartino Booth, returns to Liberty and Finance to follow-up on her last visit in November 2019, where she predicted that we … Read more

UN Warns Economic Downturn Could Kill Hundreds of Thousands of Children in 2020

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by axolotl_peyotl Let’s be clear…the pandemic didn’t cause the economy to crash. The tyrannical and draconian commands from governments and people willing to obey those commands crashed the economy. source Even the most authoritarian of all regimes, the U.N., is warning about the upcoming death toll due to the economic destruction by governments. The United … Read more

Chris Martenson: Don’t Believe The Hype! New Optimistic Coronavirus Research Seriously Flawed

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by Chris Martenson of Peak Prosperity Have you read the recent studies claiming that many more people have or have recovered from the coronavirus than are counted officially? So have we. It’s great news, right? It suggests that the fatality rate is MUCH lower than currently calculated and we’re making progress towards national herd immunity, right? Not so … Read more

This is a market of 5 stocks. The broader market is much weaker than it appears. The Bloomberg consensus for the S&P 500 earnings growth in 2020 suggests the market is extremely expensive

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https://twitter.com/NorthmanTrader/status/1252646856334684160 European banks never bounced, now revisit March lows. Trouble is- difficulty to raise capital at these levels compounded by exposure to energy sector, notably for Natixis, plus billions out to S'pore oil trader fraud posted ystdy. Only one domino cannot fall. So what next? pic.twitter.com/ID2RCDpsR0 — Rich Kleinbauer (@RMKOutFront) April 21, 2020 #SouthKorea's #exports … Read more

USO ETF about to bankrupt itself. Retail investors who believed they were investing in crude oil get a rude awakening

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https://twitter.com/MarixonOng/status/1252581690095988742 https://twitter.com/hks55/status/1252645216340893696 The USO ETF controls nearly a third of the main oil-futures contract, as traders fear it too will fall into negative territory https://t.co/8QHwKgmDoc via @WSJ — M/1_LP (@MI_Investments) April 21, 2020 USO news: All this means is that only USCF has the ability to create new shares of its fund. Authorized participants can … Read more

“The class action lawsuit group in the US has already begun to sue anybody and everybody. They’re already blaming the banks, they’re going to sue nursing homes & hospitals,” Thomas J. Donohue says

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“The class action lawsuit group in the US has already begun to sue anybody and everybody. They're already blaming the banks, they’re going to sue nursing homes & hospitals,” says @ThomasJDonohue CEO @USChamber adding "it’s just not fair." #covid19 pic.twitter.com/yENkCujEUR — Julia Chatterley (@chattwithjulia) April 21, 2020