Deep Economic Suffering Has Erupted All Over America, But Guess Who The Federal Reserve Is Helping?

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by Michael Snyder As millions upon millions of Americans lose their jobs in the greatest wave of unemployment in U.S. history, the Federal Reserve has decided that now is the time to spend trillions of newly created dollars in a desperate attempt to protect financial asset values.  In other words, as much of the country … Read more

As GFC2 gathers force, prepare for a massive wave of default and bankruptcy; First time in World History jobless people wait in line for free food packages in shiny cars.

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#recession … #Global $USD #Liquidity #Squeeze edition As #GFC2 gathers force, prepare for a massive wave of #default and #bankruptcy… 👇 https://t.co/7xJ9Otkpfs — Invariant Perspective (@InvariantPersp1) April 13, 2020 The New Normal Depression: First time in World History jobless people wait in line for free food packages in shiny cars. https://t.co/eGnTOP0Q9v — Willem Middelkoop (@wmiddelkoop) … Read more

Trump Retweets Call to Fire Fauci

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Donald J. Trump @realDonaldTrump Sorry Fake News, it’s all on tape. I banned China long before people spoke up. Thank you @OANN Quote Tweet DeAnna Lorraine Flag of United States @DeAnna4Congress · 3h Fauci is now saying that had Trump listened to the medical experts earlier he could’ve saved more lives. Fauci was telling people … Read more

You think $6T of money printing & broke governments will fix this? I will take the other side.

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Just math. Global stocks lost about $20T in value so far. The real damage, including all other assets, is probably closer to $50T. Add a $13T dollar shortage problem globally. You think $6T of money printing & broke governments will fix this? I will take the other side. pic.twitter.com/EIcwms8o5V — Otavio (Tavi) Costa (@TaviCosta) April … Read more

FBI Used Russian Disinformation to Launch Investigation Into Trump, Audit Finds

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https://www.youtube.com/watch?v=THUKY90JdDA The FBI was advised that a portion of the infamous Steele dossier was likely the product of a Russian disinformation campaign meant to harm U.S. foreign relations, according to previously-redacted footnotes from the inspector general report on the investigation of the Trump campaign. A source also informed the FBI that former British intelligence officer … Read more

India, Pakistan troops trade heavy fire in Kashmir; 3 killed!

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SRINAGAR, India — Tensions between India and Pakistan flared again in disputed Kashmir on Sunday as the archrivals’ armies barraged each other with heavy artillery fire, killing at least three civilians, Indian police said. Each side accused the other of starting the shelling and targeting civilian areas in violation of the 2003 cease-fire accord along … Read more

Executive Branch Agencies Recommend the FCC Revoke and Terminate China Telecom’s Authorizations to Provide International Telecommunications Services in the United States

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Wow, this is kinda big…. Today, interested Executive Branch agencies[1] unanimously recommended that the Federal Communications Commission (FCC) revoke and terminate China Telecom (Americas) Corp.’s authorizations to provide international telecommunications services to and from the United States.  China Telecom is the U.S. subsidiary of a People’s Republic of China (PRC) state-owned telecommunications company. https://www.justice.gov/opa/pr/executive-branch-agencies-recommend-fcc-revoke-and-terminate-china-telecom-s-authorizations   Heres … Read more

JPMorgan Chase: You will need credit score of 700 and above only with 20% down to buy a home now.

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JPMorgan Chase, the country’s largest lender by assets, is raising borrowing standards this week for most new home loans as the bank moves to mitigate lending risk stemming from the novel coronavirus disruption. From Tuesday, customers applying for a new mortgage will need a credit score of at least 700, and will be required to … Read more

Six people shot at California house party that violated stay-at-home order, 94 SHOTS FIRED, NO ONE KILLED, ALL NON-LIFE-THREATENING INJURIES

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Six people were shot, including a juvenile, at a large house party in California that violated the state’s stay-at-home order. The shooting took place just before 12:30 a.m. on Saturday at an apartment complex in Bakersfield, in southern California, the Kern County Sheriff’s Office said in a press release. Investigators found 94 shell casings and … Read more

Congress’s EIDL bill automatically encourage banks to process the FEWEST amount of applications for the MAX loan amount, sending majority of money to largest sub-500 employee applications. A simple fix like $200 bonus or % of the FIRST 10k loaned would have reversed the business equation.

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by BlackhatMedley You don’t have to do anything shady to end up with a situation where banks would clearly end up approving the least amount of applications, for the maximum loan amount, for the wealthiest applicants. Our congress left it up to PRIVATE businesses, just like yours and mine, to decide to make their loan … Read more

Enron Shaped Recovery

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by Ski_g So I’m no analyst. But I found something pretty interesting. As RSI and y=Mx+b Then I looked at the finobsccicieidieidiei line and yeah. It’s decided. I realized that we’re set for an Enron shaped recovery. If you look at the peaks and the lows primarily the lowest point that occurred in 2003 we … Read more

The state of the left, would rather people die than Trump be correct.

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by Yourhearse So because this delusional individual is so convinced Trump is going to lead us into global war despite showing greater restraint than virtually anyone in DC, the hope is that Hydroxychloroquine doesn’t work. That’s simply nuts EPOCH TIMES REPORTS CDC REMOVING INFORMATION ABOUT HYDROXYCHLOROQUINE FROM THEIR WEBSITE. INCLUDING DOSAGE RECOMMENDATIONS. Bolsonaro Says Trump … Read more