Goldman Sachs: Prepare For A Massive Oil Demand Shock

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By Tsvetana Paraskova Global oil demand could plummet by 18.7 million bpd in April, deepening an expected demand plunge of 10.5 million bpd for March, Goldman Sachs said, while the coronavirus pandemic continues to claim thousands of lives and forces a growing number of major economies into lockdown. “A demand shock of this magnitude will … Read more

Helicopter Money for Wall Street: Fed’s assets spike to high heaven to bail out the imploded Everything Bubble it had worked so hard to inflate over the past decade.

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By Wolf Richter for WOLF STREET: Total assets on the Fed’s weekly balance sheet, released this afternoon, spiked by $586 billion in one week, to $5.25 trillion. This doesn’t even include yet the bulk of the mortgage-backed securities (MBS) the Fed bought over the past two weeks because the Fed books them when its trades settle, and MBS trades … Read more

Gerald Celente Warns “Greatest Depression Has Already Begun” Prepare For Economic Collapse

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https://www.youtube.com/watch?v=5_BYs5axwH0 Gerald Celente is one of the top researchers and publisher in the Trends Journal and he is warning that the greatest economic collapse in the world is finally here. In the history of the world we have never seen this level an economic meltdown where thousands of businesses are closing every day and people’s … Read more

Chinese Companies Hoarded Other Nations’ Medical Supplies During Outbreak, Flew Them to China

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Massive supplies of critical medical gear have been hoarded by major Chinese companies in other countries and flown to China during the Wuhan coronavirus outbreak, according to reports. Chinese property developers with offices in Australia organized multiple planeloads of critical medical equipment to be sent from Sydney to Wuhan and other parts of China, according … Read more

VIDEO: The Bats Should NOT Be Exterminated – Hundreds of bats culled in Indonesia to ‘prevent spread’ of the coronavirus

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Hundreds of bats culled in Indonesia to ‘prevent spread’ of the coronavirus The Bats Should NOT Be Exterminated When Sparrows Fall: China’s Great Famine | Asian Century In 1958 Mao Zedong ordered all the sparrows to be killed because they ate too much grain. This caused one of the worst environmental disasters in history According … Read more

When central banks buy a security, they pay it with money they create out of thin air. There is more money in circulation, BUT NOT MORE GOODS AND SERVICES. That’s how they debase the currency, lower its purchasing power, and make you poorer.

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Proof that there is always some politician who has integrity & is honest for the sake of the people. Great 2C he knows about fiat money. When central banks buy a security, they pay it with money they create out of thin air. There is more money in circulation, BUT NOT MORE GOODS AND SERVICES. … Read more

What the stimulus can actually do to the economy

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by coffee-trader The stimulus is roughly the size of 5 weeks of GDP. The efficacy, however, is limited. A few reasons: It doesn’t restore investment and consumer confidence to pre virus levels. Most of it will be used to barely get by or as s precautionary savings It is not as timely an efficiently assigned … Read more

NBC and CNN producers say they’re through airing Trump’s virus pressers. “We might take it from the top and then cut away after the first lie, and return when the lies stop.”

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https://twitter.com/NoahShachtman/status/1242928863010848768 Uh no, Its because the left cant spin what he says if its live and his poll numbers keep going up. The fascist left can’t have that Trump Roasts Media to Their Faces During Coronavirus Briefing: ‘People in Your Profession Write Fake News, You Do, She Does…’     AC

SNITCH NATION: If you see people violating our shelter-in-place order, call the cops, Newark says

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Newark police will start to use loudspeakers to move people off streets when they see residents violating a statewide stay-at-home order that was put in place to stop the spread of coronavirus. Newark Mayor Ras Baraka in an announcement Wednesday stopped short of saying police would arrest residents who violate the city’s “shelter-in-place” order. But, … Read more