UN Will Be Broke By The End Of The Month

by

The United Nations could run out of money by the end of the month as it faces a near-unprecedented funding crisis, the secretary-general has warned. Almost a third of member states have not paid their annual dues leading to a £1.3 billion black hole, António Guterres said in a statement on Tuesday. The shortage of cash has meant vital … Read more

David McAlvany: DOW 15,000 Is Our Downside Target

by

MiningStockEducation.com, Released on 4/14/20 David McAlvany has served as CEO of the McAlvany Financial Group since 2008. Portfolio management began with Morgan Stanley during the 2000 and 2001 tech crisis where he avoided major losses and benefited clients from the early stages of a commodity super cycle. Founding MWM in 2008 he and his team … Read more

JPMorgan just revealed it thinks a lot of people won’t pay their credit card bills

by

via CNBC JPMorgan is building its credit reserves in anticipation that people might not be able to pay their credit card bills. The bank’s first quarter earnings statement showed its credit reserves increased by $6.8 billion from the prior year, 56% of which was allocated for its consumer card division. “Given the likelihood of a … Read more

LOSING THEIR MINDS: Man arrested twice in 3 hours for entering Wawa without mask, making threats, cops say

by

A 70-year-old Toms River man was arrested twice in less than three hours Saturday after violating the state’s emergency orders during the coronavirus pandemic by entering separate Wawa stores without a mask and threatening to hit people with a pipe, authorities said. Stephen Breza became belligerent when he walked into a Wawa on the 100 block of … Read more

Mass layoffs UNCOVERED. Piecing together the WARN notices from US labor offices, these employers come to surface:

by

by Badatu 9,991 layoffs: YMCA 1,498 layoffs: Cinemark 1,463 layoffs: Hy-Vee 1,354 layoffs: Punch Bowl Social 1,328 layoffs: Trans States Airlines 506 layoffs: Take 5 Oil Change 407 layoffs: Paper Source 395 layoffs: Cisco ​ More details: YMCA submitted 19 WARN notices in March, laying off a total of 9,991 employees in eight states, 3,400 of … Read more

The Sad Truth About The OPEC+ Production Cut

by

By Simon Watkins Quite aside from the subtler elements of the oil deal announced late last week that are likely to undermine its ability to stave off further oil price lows in the coming weeks, the basic facts of the deal are sufficient to do so: global supply is to be cut by (sort of) 10 million … Read more

Alasdair Macleod: Destruction Of The Currencies THIS YEAR

by

Alasdair Macleod interviewed by Dunagun Kaiser on Reluctant Preppers Alasdair Macleod returns to Liberty and Finance / Reluctant Preppers to lay out the emerging facts which he says are confirming his predictions for this year, including: the end of the credit expansion cycle, deepening global recession, a banking crisis, monetary supply inflation with loss of buying power, the destruction … Read more

The Safe Haven Problem

by

by Shaun Richards At a time of crisis people look for what are considered to be safe havens. I say considered to be because this subject has been a regular feature on here in the credit crunch era and we have observed some ch-ch-changes in behaviour. For example we have seen investors be willing to … Read more

Technically Speaking: The Reward Doesn’t Justify The Risk

by

by Lance Roberts  In this past weekend’s missive, I discussed the market’s completion of the 50% retracement. To wit: “From a purely technical basis, the extreme downside extension, and potential selling exhaustion, has set the markets up for a fairly strong reflexive bounce.  Such an advance will ‘lure’ investors back into the market, thinking the … Read more

OPEC+ Deal Is “Too Little And Too Late”

by

By Nick Cunningham “The historic agreement that we saw…is only 10 mb/d. But that is only half of the story,” U.S. Secretary of Energy Dan Brouillette said on Fox Business. “When you add up all of the production cuts around the world, we are going to be much closer to 20 mb/d coming off the market.” After … Read more

Limitation of the President & Have the States Violated the Constitution Imposing a Lockdown?

by

by Martin Armstrong (DOWNLOAD this Article: Commerce Clause.docx QUESTION: Can Trump reopen the economy at will? UT ANSWER: There is no doubt that Americans have been getting a civics lesson as they turn to Washington for answers to the coronavirus crisis, but discover that their state governors have assumed far more control over what goes on … Read more