Economic Free Fall Message Could Be Sent Here!

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by Kimble Charting Is the “Mother of all support tests in play currently?” It humbly looks like it to me friends! This 2-pack looks at the Banking Index and the Thomson Reuters Equal Weight Commodity Index on a quarterly basis over the past few decades. Line (1) has been support and resistance for each over the past twenty to forty years. … Read more

Financial Times op-ed: Bailing out the oil industry brings a fate worse than death. Zombie companies would be created that must be kept afloat with taxpayer dollars

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via ft: Whenever things went wrong growing up, my dad would tell me, “What doesn’t kill you only makes you stronger.” Dying was supposed to be the worst-case scenario. He never mentioned zombies. But that’s what a bailout for the oil industry would create: zombie companies that can’t earn the cost of staying in business, … Read more

Ruth’s Chris Made $468 Million in Revenue but Gobbled Up $20 Million in Small Business Relief. The steakhouse chain has more than 150 locations and $86 million in cash reserves—and it furloughed workers.

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via gq When Congress passed the $2 trillion stimulus to help the country weather the coronavirus outbreak, it created the Paycheck Protection Program (PPP)—a $349 billion fund for small businesses with 500 or fewer employees. If the business uses more than 75 percent of the low-interest loan to keep paying employees, then the entire amount is forgiven. In less … Read more

“People shouldn’t be afraid of their government. Governments should be afraid of their people.” ― Alan Moore, V for Vendetta

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by jdd7690 ”Words offer the means to meaning, and for those who will listen, the enunciation of truth. And the truth is, there is something terribly wrong with this country, isn’t there? ” ”Cruelty and injustice, intolerance and oppression. And where once you had the freedom to object, to think and speak as you saw … Read more

To those who have had to close permanently.

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by Codex432 Don’t ever feel bad about having to look for a new job. You took a risk, which didn’t work out due to extraordinary circumstances, but at least you tried. Some people never take that chance – they sit at their desk, collect their pay and go home. That’s okay, too. It’s just a … Read more

The Fed’s Only Choice – Exacerbate The Wealth Gap, Or Else.

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by Lance Roberts “Gradual inflation has a numbing effect. It impoverishes the lower and middle class, but they don’t notice.” —Andrew Bosomworth, PIMCO Germany, as quoted in Der Spiegel The rise of populism, evidenced by the success of Donald Trump, Bernie Sanders, and Alexandra Ocasio-Cortez, is rooted in the emergence of the greatest wealth and … Read more

What do negative oil prices tell us?

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by Shaun Richards Yesterday brought a new development in the word of negativity. We regularly look at negative interest-rates and bond yields here and a couple of years ago or so noted negative prices for gas in the Permian Basin.More recently we have had to come to terms with negative economic growth rates. But then … Read more

Documents Reveal Feds Are Excited To Create A Mass Surveillance Network

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by Mass Private I A FOIA request by the Electronic Privacy Information Center revealed how excited the National Security Commission on Artificial Intelligence (NSCAI) is about using CCTV cameras to create a national surveillance network. An NSCAI presentation titled “Chinese Tech Landscape Overview” discusses China’s facial recognition CCTV camera network in glowing terms. “When we talk about data … Read more

What reliable websites show charts of the Coronavirus curve?

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https://www.worldometers.info/coronavirus/country/us/ https://coronavirus.1point3acres.com/ https://infection2020.com/ https://www.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6 Below is a summary of trends from today (as of late EST), for the USA, and how it compares to Global. The data is available in more detail here. Global Confirmed Cases growth is 📉: Decreasing to 2.91% Increasing by 70,171 Total confirmed cases is 2,481,287 Deaths growth is 📉: Decreasing to 2.7% Increasing by 4,491 Total deaths is 170,436 … Read more

People are saying that AOC deleted this because she realized that it is celebrating people losing their jobs – That is not why she deleted it – She deleted it because these oil prices make her Green New Deal look completely pointless

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AOC Deleted Tweet – “Loves to See the Oil Crash” People are forgetting that the so called “moderate” Democratic nominee in 2016, Hillary Clinton, celebrated the idea that “we’re gonna put a lot of coal companies and coal miners out of business.” The left openly celebrates fossil fuel workers losing their jobs and they voted en masse … Read more

This is why they want mail-in voting. This is what they want to impose upon us.

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by sundance Comrades, senators within the United States government have proposed a terrific scheme to force taxpayers to fund their own confinement.   According to the plan $500 billion will be provided to state and local officials in an effort to offset lost revenue as a result of keeping citizens under house arrest.  Under the remarkable plan, … Read more