ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Mar 28 20:41

Coronavirus USA: Listen To This Report. Now.

How the Pandemic Will End: The U.S. may end up with the worst COVID-19 outbreak in the industrialized world. This is how it’s going to play out. (via Tha Atlantic)

Rich, strong, developed, America is supposed to be the readiest of nations. That illusion has been shattered. Despite months of advance warning as the virus spread in other countries, when America was finally tested by COVID-19, it faile....

It’s likely, then, that the new coronavirus will be a lingering part of American life for at least a year, if not much longer.

Mar 28 12:23

Tom Brady Awakens From Week-Long Kombucha Bender To Discover He’s A Tampa Bay Buccaneer

In lighter news.......

TAMPA BAY—Skeptically looking down at the red jersey laying on the floor beside empty bottles of probiotics, a bleary-eyed Tom Brady woke up from a week-long long kombucha bender Thursday to discover that he signed with the Tampa Bay Buccaneers. “Ugh, the last thing I remember was taking that shot of ginger lemon tea,”.....

Mar 28 12:16

BREAKING: Coronavirus is afraid of coming into contact with Joe Biden

The dreaded coronavirus, which is warranting strict social distancing measures across the country, is employing its own social distancing measures to hide from Democratic presidential candidate Joe Biden.

“Forget six feet,” the deadly virus said, “I don’t want to touch him with a 39-and-a-half-foot pole!”

While a recent poll showed that 97 percent of respondents are afraid of catching coronavirus, the coronavirus is in fact afraid of catching Joe Biden.

Mar 28 12:14

Toilet Paper Crisis Solved As Government Prints Trillions Of Fresh, Soft Dollar Bills

USA--As part of a sweeping initiative to help unclog the economic constipation caused by the coronavirus quarantine, the White House announced they are printing out fresh, crisp dollar bills for every US citizen.

Mar 28 11:22

A Brady Bond solution for America’s Economic Crisis and Unpayable Corporate Debt*

By Michael Hudson and Paul Craig Roberts

March 26, 2020 "Information Clearing House" - Even before the Covid-19 crisis had slashed stock prices nearly in half since it erupted in January, financial markets were in an inherently unstable condition. Years of quantitative easing had loaded so much money into stock and bond prices that stock price/earnings multiples and bond prices were far too high by any normal and reasonable historical standards. Risk premiums have disappeared, with only a few basis points separating U.S. Treasury bills and corporate bonds.

Mar 28 11:15

Boy's death no longer counted among LA County's coronavirus total

LOS ANGELES — Los Angeles County health officials said Wednesday that they no longer are including a 17-year-old boy in the tally of coronavirus deaths until they do more to determine his precise cause of death.

The county's public health director, Barbara Ferrer, said she's asked the federal Centers for Disease Control and Prevention to investigate the death of the teen from the Mojave Desert city of Lancaster.

Mar 28 11:08

Laura Ingraham Is First Mainstream Reporter to Discuss Faulty WHO Coronavirus Mortality Rate that Led to Global Panic (VIDEO)

Laura Ingraham Is First Mainstream Reporter to Discuss Faulty WHO Coronavirus Mortality Rate that Led to Global Panic (VIDEO)
Jim Hoft by Jim Hoft March 27, 2020

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On Friday night Laura Ingraham was the first mainstream reporter to question the WHO’s suggested mortality rate of the coronavirus of 3.4%.

Mar 28 10:57

Police, Military Begin Door to Door Searches to Hunt Down New Yorkers Seeking Refuge

Rhode Island — In perhaps the most unprecedented attack on the Constitution on which the Free Thought Project has ever has ever reported, the governor of Rhode Island has announced that the National Guard will begin conducting house-to-house searches to hunt down New Yorkers seeking refuge in their state.

Not only will cops be violating the 4th Amendment rights of citizens in their homes, the governor also announced that Rhode Island cops have already begun puling over every vehicle they see with a New York license plate.

In a move that is reminiscent to that of Nazi Germany, the governor labeled an entire state a threat. Checkpoints have been set up along the interstate and vehicles with New York plates were being stopped without probable cause on Friday.

Mar 28 10:54

Corona: if they lied then, why wouldn’t they lie now?

In this article, I take another angle. The CDC has been lying about ordinary flu for decades. So why wouldn’t they continue their fine tradition of lying about COV? Why should you believe ANYTHING they say about COV? Why should you accept their case numbers, their ominous warnings, their insistence on lockdowns which wreck economies?

Mar 28 10:52

Moscow Surrenders to Coronavirus as Humiliated Russians Ordered to Take Fake 1-Week “Holiday”

MOSCOW – We knew it was coming, but we naively believed that it would take longer than one week, and more than three dead grannies, to shut down Russia. Moscow Mayor Sergey Sobyanin – the fink of our time – has ordered all restaurants, shops and non-essential businesses to close their doors starting on Saturday. The city’s cherished parks and museums will also be shuttered. His decree was followed a day later by a fun little update from Prime Minister Mikhail Mishustin, who casually dropped on Friday that the new restrictions being implemented in Moscow would actually be extended to the entire country.

Why didn’t Hitler invade Russia with a ubiquitous virus that kills less people than the common cold? Think of all the chiseled SS death squads that would still be alive and well.

Mar 28 10:46

COVID-19 Lockdown: A Global Human Experiment

No matter what’s the origin of COVID-19, the response to this virus lead to a series of drastic and unprecedented changes on a global level. The dystopian future is now. Here’s how this pandemic created the largest human experiment in history.

Mar 28 10:44

Pentagon Orders CENTCOM to Draw Up Plans to “Destroy” a Section of the Iraqi Armed Forces

The military not enthusiastic about Pompe’s idea but Trump gives the planning the go-ahead nonetheless

The Pentagon has ordered military commanders to plan for an escalation of American combat in Iraq, issuing a directive last week to prepare a campaign to destroy an Iranian-backed militia group that has threatened more attacks against American troops.

But the United States’ top commander in Iraq has warned that such a campaign could be bloody and counterproductive and risks war with Iran.

Mar 28 10:42

Clusterfuck Nation – Blog March 27, 2020 Forced Liquidation

Historians of the future, pan-roasting fresh-caught June bugs over their campfires, may wonder when, exactly, was the moment that the financial world broke with reality. Was it when Nixon slammed the “gold window” shut? When “maestro” Alan Greenspan first bamboozled a Senate finance committee? When Pets.com face-planted 268 days after its IPO? When Ben Bernanke declared the housing bubble “contained?”

If our reality is a world of human activity, then finance is now completely divorced from it for the obvious reason that, for now, there is no human activity. Everyone, except the doctors and nurses, and some government officials, is locked down. So, the only other thing actually still out there spinning its wheels is finance and, to those of us watching from solitary confinement, it is looking more and more like an IMAX-scale hallucination with Dolby sound.

Mar 28 10:38

How the Hell Is This in Any Way, Shape or Form Proportional to the Actual Threat?

On 23rd March, the British Government put the entire country on lockdown risking incalculable consequences that could bring:

Economic meltdown
The mother of all financial crashes
Millions of job losses
Thousands of businesses going to the wall
Masses of people plunged into poverty
A huge deterioration in the mental health of millions
The potential deaths of thousands of old people left on their own with no carers (see the example of the Spanish care homes)
Mass civil unrest

Such enormous risks can surely only be justified if they are proportionate to threat. Are they?

Mar 28 10:36

Due to the Coronavirus Hoax, Consider the Consequences of Martial Law and Asset Takeover Going On in America

Among all the panic and misinformation being spewed by politicians at all levels and the complicit mainstream media, what is going on under the radar that will greatly harm Americans much more than this virus ever could? First, all the legislation, executive orders, and mass control measures happening now will never go away, and will cause undue tragedy for years to come. Secondly, the biggest wealth transfer in history is going on right before our eyes, and of course is mostly ignored due to this government manufactured false pandemic. The economic fallout that has already caused mass devastation will only worsen the longer these quarantine measures are in place, and will cause havoc for an unknown amount of time.

Mar 28 10:33

America’s Corona Tsar, Andrew Fauci, Concedes Covid-19 May Be Just a Bad Flu With a Fatality Rate of 0.1%

This whole thing is an overblown farce. This is the NWO making their play to destroy the human race! Wake up! Quit panicking and being scaredy cats!

The report, entitled “Covid-19 — Navigating the Uncharted”, was co-authored by Anthony S. Fauci, M.D., H. Clifford Lane, M.D., and Robert R. Redfield, M.D.

Here’s a direct quote from that report:

“If one assumes that the number of asymptomatic or minimally symptomatic cases is several times as high as the number of reported cases, the case fatality rate may be considerably less than 1%. This suggests that the overall clinical consequences of Covid-19 may ultimately be more akin to those of a severe seasonal influenza (which has a case fatality rate of approximately 0.1%) or a pandemic influenza (similar to those in 1957 and 1968) rather than a disease similar to SARS or MERS, which have had case fatality rates of 9 to 10% and 36%, respectively.2“

Mar 28 09:14

Retirees Getting Screwed — One Last Time

Mar 28 07:45

QE is Bullish for Stocks, Bearish for Bonds

Mar 28 07:20

Starbucks CEO insists employees will be paid for the next 30 days regardless of whether their store is open while companies offer bonuses to retain workers because they don't want to rehire staff when the pandemic ends

The CEO of Starbucks insists the coffee store chain will pay its workers for the next 30 days even if locations are shuttered or if employees are not comfortable coming in due to the coronavirus outbreak as other US firms make similar moves to ensure they can retain workers and not rehire new ones after the pandemic is contained.

Starbucks CEO Kevin Johnson says he wants to provide some 'economic certainty' to the chain's roughly 350,000 employees, whom he called the chain's 'partners'.

'We made a commitment to all our Starbucks partners in the US and Canada that for the next 30 days we will pay them, even if their store is closed or even if they are just uncomfortable coming into work,' he told Good Morning America on Friday.

Mar 28 07:17

The Greatest Depression - corbettreport


SHOW NOTES AND MP3: https://www.corbettreport.com/greates...

The Age of Terror was inaugurated with a series of controlled demolitions in New York City on September 11, 2001. Now the world is being led into the Age of Biological Terror with a controlled demolition of the economy that is already causing unprecedented carnage across markets and around the globe. As the dust settles on this demolition, an entirely new economy is ready to be erected in its place: one in which no citizen will be out of the sight of the all-seeing government. This week on The Corbett Report we examine the details of this collapse and why the bankster class is seeking to destroy the financial Ponzi scheme that they themselves created.

Mar 28 07:12

Starbucks CEO insists employees will be paid for the next 30 days regardless of whether their store is open while companies offer bonuses to retain workers because they don't want to rehire staff when the pandemic ends

The CEO of Starbucks insists the coffee store chain will pay its workers for the next 30 days even if locations are shuttered or if employees are not comfortable coming in due to the coronavirus outbreak as other US firms make similar moves to ensure they can retain workers and not rehire new ones after the pandemic is contained.

Starbucks CEO Kevin Johnson says he wants to provide some 'economic certainty' to the chain's roughly 350,000 employees, whom he called the chain's 'partners'.

'We made a commitment to all our Starbucks partners in the US and Canada that for the next 30 days we will pay them, even if their store is closed or even if they are just uncomfortable coming into work,' he told Good Morning America on Friday.

Mar 28 07:00

Boeing is big winner from stimulus package as Trump vows to protect the nation's largest exporter - but the company may reject money if it means giving government an equity stake

Boeing may come out as one of the biggest winners of the $2 trillion stimulus bill signed by President Trump on Friday afternoon despite the company claiming that it will not seek federal funding to ensure survival through the financial uncertainty brought on by the coronavirus pandemic.

Boeing Co had sought at least $60 billion in government loans or loan guarantees aerospace industry before the bill was passed.

Yet earlier this week, the company's chief executive Dave Calhoun said it was not interested in giving the government equity in exchange for loans.

'Boeing has said they have no intention of using the program - that may change in the future,' U.S. Treasury Secretary Steve Mnuchin said on Fox Friday.

Mar 28 06:50

Who CARES about debt? Covid-19, corporate plunder, & the US plan of unlimited bank bailouts

Debt matters. In Washington’s swamp, no one CARES about debt. Big government has become more addicted to debt than drug addicts to a pipe full of crack.

In October 2019, the International Monetary Fund downgraded its global growth forecast with a stark warning for 2020 that “Global growth will fall to the lowest levels since 2008's great financial crisis.” Markets rejoiced and rocketed to new record highs because bad news is good news. Bad news signals more Federal Reserve interest rate cuts are on the way. On Wall Street, corks were popping, and Cristal champagne was flowing like water as the band played Milton Ager's 1929 classic ‘Happy Days Are Here Again’. Today, I realized the tune was foreshadowing a brutal beginning to 2020.

Mar 28 06:44

IMMEDIATE TRIPLE-DIGIT UPSIDE: $27 SILVER – IT’S INEVITABLE

We are on our way to potentially hitting $2,400 gold, a POTENTIAL 50% MOVE from today’s price, and $27 silver, a nearly 100% gain, all within LESS THAN two years.

Because of everything that’s happened and is STILL occurring, many have lost sight of the fact that the Federal Reserve, Congress, and Treasury department have just PUT THEIR JOCKSTRAPS ON and defended the system from swirling into a hyper-deflation default free fall that could have taken the system DOWN for good.

Mar 28 06:37

CHEESECAKE FACTORY REFUSES TO PAY RENT, CITES “TREMENDOUS FINANCIAL BLOW”

It goes without saying that restaurants, bars, and the service industry have been hit hardest by the nation-wide coronavirus lockdown, but commercial real estate will be the next to feel the squeeze in the coming weeks.

Late Wednesday, it was revealed that The Cheesecake Factory notified landlords at locations across the country that it doesn’t plan to pay rent for the month of April after business came to a halt in the past weeks.

Mar 28 06:32

WTI Tumbles To $21 Handle After Saudis Crush Hopes Of Russia Detente

While oil prices were already sliding, headlines from the Saudis that there are no talks with Russia ongoing sent prices tumbling with WTI back to a $21 handle...

“There have been no contacts between Saudi Arabia and Russia energy ministers over any increase in the number of OPEC+ countries, nor any discussion of a joint agreement to balance oil markets,” the Saudi Ministry of Energy said in a statement.

Not pretty...

Mar 28 06:31

Rabobank: There Is One Critical Element Missing That Prevents Us From Becoming Even Remotely Optimistic

A corrective rebound in US stocks extended on Thursday as the S&P 500 Index closed 6.24% and the DJIA 6.38% higher. Severely battered EM currencies trimmed their substantial losses and various G10 currencies appreciated versus the dollar as well. The league table so far this week is the mirror image of the last few weeks as the Norwegian krone, the British pound and the Australia dollar are the best performers.

Mar 28 06:27

Buy the rumors, sell the facts

Mar 28 06:27

Tesla Furloughs Employees Due To "Very Few New Orders" And A "Drop In Demand"

The "dumb" coronavirus panic, as Elon Musk once called it, is finally coming back to bite Musk in the ass.

After a report yesterday that several Tesla employees had tested positive for coronavirus, possibly as a result of Elon Musk keeping his Fremont factory open far longer than he should have, Tesla has only now started to furlough some workers due to a "drop in demand" amid the national crisis.

Axel Tangen, Tesla’s director of Northern Europe, to employees in Norway stated in an e-mail released by electrek yesterday:

Mar 28 06:25

With Heroes Like This, Who Needs Villains?

According to Owen Ullmann in an op-ed published by USA Today, there are some unsung “heroes” in the battle against the coronavirus pandemic – the brave and courageous bankers at the Federal Reserve.

Mar 28 06:23

Ginnie Mae Weighs Bailout For Servicers After Major Mortgage-Lender Slashes 70% Of Workforce

A top U.S. regulator is exploring whether to throw a lifeline to mortgage servicers stressed by the coronavirus pandemic by tapping a program meant to address natural disasters.

Bloomberg reports that, in order to prepare for an expected wave of missed payments as borrowers deal with the economic fallout from the virus, officials at Ginnie Mae are considering using relief programs most often activated in the wake of hurricanes, floods and other calamities, according to people familiar with the matter.

Mortgage-industry lobbyists unsuccessfully tried to get Congress to include some sort of liquidity facility for servicers in the stimulus bill. Still, many servicers expect the Treasury Department and the Federal Reserve to create a lifeline for servicers out of other money in the $2 trillion package.

Mar 28 06:10

When, Exactly, Was The Moment When The Financial World Broke With Reality?

Historians of the future, pan-roasting fresh-caught June bugs over their campfires, may wonder when, exactly, was the moment when the financial world broke with reality.

Was it when Nixon slammed the “gold window” shut?

When “maestro” Alan Greenspan first bamboozled a Senate finance committee?

When Pets.com face-planted 268 days after its IPO?

When Ben Bernanke declared the housing bubble “contained?”

Mar 28 06:07

COVID-19 Is Not Even Close To America's Biggest Problem

The immediate reaction of our government to the virus threat was to spend massive amounts of money. The latest news is that politicians plan to "boost" the economy with nearly two trillion dollars in spending and loans. "The package is coming in at about 10% of GDP. It's very large," says Larry Kudlow. For a plan of this size to sound like a good idea, you need to ignore some important economic facts.

Mar 28 05:59

Baltimore Population Plunges To Lowest In Over A Century As Homicides Soar

Baltimore City's population dipped below the 600,000 level, not see in more than a century, as record homicides, an opioid crisis, and now an economic depression risks sending the city deeper into chaos.

The Baltimore Sun, citing new US Census data released on Thursday, estimates that the population in the city was 593,490 as of July 2019.

To give you some perspective on the collapsing population trend in Baltimore. In 1950, the city had 950,000 residents. Now it has 593,490, which is a loss of 356,510 people, or about 37.5% of the entire population in seven decades.

We've mentioned on several occasions how deindustrialization, "white flight" of the 1960/70s, the crack epidemic of the 1980/90s, and now the murder and opioid crisis has created another mass exodus, with many people fleeing for Baltimore County and other surrounding counties.

Mar 27 20:29

Fastest Pace Of Downgrades Ever (Since 2002)

Mar 27 13:42

Status of COVID-19

???

As of 19 March 2020, COVID-19 is no longer considered to be a high consequence infectious diseases (HCID) in the UK.

The 4 nations public health HCID group made an interim recommendation in January 2020 to classify COVID-19 as an HCID. This was based on consideration of the UK HCID criteria about the virus and the disease with information available during the early stages of the outbreak. Now that more is known about COVID-19, the public health bodies in the UK have reviewed the most up to date information about COVID-19 against the UK HCID criteria. They have determined that several features have now changed; in particular, more information is available about mortality rates (low overall), and there is now greater clinical awareness and a specific and sensitive laboratory test, the availability of which continues to increase.

Mar 27 13:01

Corona: the case number game

In this episode of public health bureaucrats go crazy, let’s look at their numbers. Let’s accept their reality for the moment—the reality they claim to be working from—and trace the implications. Buckle up.

Start with Europe and just plain flu. Not COV. According to the World Health Organization (WHO) Europe [1], “During the winter months, influenza may infect up to 20% of the population…” That’s ordinary seasonal flu.

The population of Europe is 741 million people. This works out to 148 million cases of ordinary flu. Not once. Every year. EVERY YEAR.

Mar 27 12:58

Coronavirus -- Not as Deadly as They Say

By Eran Bendavid & Jay Bhattacharya
(henrymakow.com)

If it's true that the novel coronavirus would kill millions without shelter-in-place orders and quarantines, then the extraordinary measures being carried out in cities and states around the country are surely justified. But there's little evidence to confirm that premise--and projections of the death toll could plausibly be orders of magnitude too high.

Mar 27 12:55

Trump Says He’ll Stop Using the Term ‘Chinese Virus’

President Donald Trump said he’ll stop using the term “Chinese virus,” a sign that the U.S. and China want to deescalate their blame game over the pandemic, though his top diplomat kept up accusations that Beijing is waging a misinformation campaign about its origin.

Mar 27 12:48

Two Hundred and Thirty Years of Rights and Liberties Shredded: Why I Oppose The Lockdown

My opposition to the potential Lockdown is twofold but principally it is based on the fact that over two hundred and thirty years of rights and liberties should not be shredded on the basis of any threat, real or imagined. Americans either have rights or we don’t. There is no asterisk in the Constitution that states the Bill of Rights is null and void in the event of a terrorist attack or a virus outbreak. If we do not maintain our rights in a time of crisis, then, simply put, we do not truly have rights at all.

If we do not maintain these rights, our country, such as it is, ceases to exist.

Mar 27 12:38

Rep Thomas Massie Stands Up For The Constitution, Trump Calls For Him to Be 'Thrown Out' Of GOP

Heroic Kentucky Rep Thomas Massie, one of the only men of character in our entire congress, bravely stood up against the bipartisan $6 trillion screwjob bailout on Friday morning and said the "stimulus should go straight to the people rather than being funneled through banks and corporations."

President Trump responded by calling for him to be thrown out of the Republican Party.

Mar 27 11:10

Gold Gains 8% and Silver 18% In Week As Fed Balance Sheet Tops $5 Trillion

Gold and silver coin and bar shortages continue globally due to massive demand and a breakdown in supply

Mar 25 10:02

The Fed is a “Pickle”

The Federal Reserve is monetizing bonds—directly funding the federal deficit because congress and the administration spend more than their revenues. The coming recession will increase the shortfall, expand debt and force more monetization. Stagflation anyone?

Corporations, individuals and governments can ill afford higher interest rates. Expect the Fed to monetize at low interest rates to fund government expenditures. QE4ever is happening because it must.

Mar 25 09:41

Garrison: Beware The Deep State In A Crisis

HOUSE DEMOCRAT WHIP: CORONAVIRUS A ‘TREMENDOUS OPPORTUNITY TO RESTRUCTURE THINGS TO FIT OUR VISION’

Big Government (the Deep State) claims to care about its subjects (We The People). This is obviously false.

If government cared about us, it wouldn’t have allowed the creation of the Federal Reserve and the IRS to steal the fruits of our labor. They wouldn’t allow poisonous GMOs into our food supply. It wouldn’t send young people to fight and die in pointless, endless wars based on lies. It wouldn’t allow babies and toddlers to be brutalized with an ever-growing and already long list of poisonous vaccinations that cause autism. It wouldn’t eagerly strip away our freedoms with each and every crisis.

Mar 25 09:30

Calling those who oppose totalitarian Covid-19 measures #COVIDIOTS is just another tactic by our sheepherders to shut down debate

People who raise doubts about the set up of a police state in response to Covid-19 are denounced as irresponsible idiots. But those who want to be locked down have no monopoly on wisdom, we must resist the locking down of debate.

At first, I could not believe what I was reading! The headline implored, ‘Lock Us Down: Suspend Habeas; Save the Nation’. The author Michael Dorf, a Cornell University Professor, was urging the US Government to suspend the rule of law.

Dorf acknowledged that suspending habeas corpus — which has been recognised as a fundamental feature of a free society — is an ‘extreme measure’, but he believes that it is a small price to pay for making people feel safe.

Mar 25 08:58

It's margin call day everywhere, wow

Mar 25 08:41

Mortgage Massacre Latest Casualty: $10 Billion m-REIT MFA Can't Meet Margin Calls

First, its was AG Mortgage Investment Trust which on Friday said it failed to meet some margin calls and doesn’t expect to be able to meet future margin calls with its current financing. Then it was TPG RE Finance Trust which also hit a liquidity wall and could not repay its lenders. The, on Monday it was first Invesco, then ED&F Man Capital, and now the mortgage mayhem that erupted as a daisy-chain of mortgage REITs suddenly imploded, has taken down MFA Financial, whose crashing stock was halted after the company reported that "due to the turmoil in the financial markets resulting from the global pandemic of the COVID-19 virus, the Company and its subsidiaries have received an unusually high number of margin calls from financing counterparties, and have also experienced higher funding costs in respect of its repurchase agreements."

Mar 25 08:41

Boeing, Which Demands A $60BN Taxpayer Bailout, Refuses To Give US An Equity Stake

Here is a snapshot of America's bailout culture: beggars, and those demanding bailouts, can not only be choosers, but can dictate under what terms they are bailed out.

With populist anger growing in response to Boeing's demands for a taxpayer-funded bailout (or the employees get it) after it spent over $40BN on buybacks making its shareholders and management richer while burying the company and rank and file employees under a record $25BN in debt, many have asked what form the Boeing bailout will take, and whether the US taxpayers will also be entitled to some or all of the upside in the company they will soon be asked to bailout. In other words, will the US get an equity stake?

Mar 25 08:40

Ghost Town USA

Mar 25 08:02

Saudi Arabia & The US Could Form The World’s Newest Oil Cartel

The United States and Saudi Arabia have been discussing the idea of setting up an oil accord, Bloomberg reports, citing Energy Secretary Dan Brouillette. Such an agreement would effectively amount to a cartel, which, by definition, is a group of independent market participants agreeing to act together to influence the market in a way favorable to them.

For now, however, this is just an idea that some officials in the Trump administration support. The chance of it becoming anything more is unclear, according to Brouillette.

Mar 25 08:02

How the rich stay rich: Jeff Bezos and other top executives offloaded shares just in time before the pandemic slashed company values, saving them billions

Jeff Bezos and other top executives offloaded shares just in time before the coronavirus pandemic slashed their company values, saving themselves billions.

Executives at top US traded companies sold around $9.2 billion in shares of their own companies between the start of February and the end of last week, analysis from the Wall Street Journal has revealed.

Mar 25 07:10

What Happens If U.S. Shale Goes Bust?

This month has seen a spectacular oil price crash the likes of which we haven't seen in decades.

The oil price war and subsequent crash have had devastating effects on U.S. shale, which was already struggling with diminishing profit margins. “Few U.S. shale firms can withstand prolonged oil price war,” Reuters proclaimed last week. “For the last five years, U.S. shale oil producers have been battling suppliers for lower costs and running equipment and crews hard to drive drilling costs down by about $20 a barrel,” the article reports. “The oil market rout last week, however, has left most shale firms facing prices below their costs of production.”

Mar 25 07:03

Rockefeller Blue Print For Police State Triggered By Pandemic Exposed

Currently the world is in the midst of a global health pandemic, or so we are told. We have been covering all of the events which have preceded the coronavirus outbreak that suggest we are not being told the entire story.

This list includes Event 201, the coronavirus pandemic simulation which preceded the first reports of the outbreak by six weeks.

Mar 25 06:59

The CDC Started Looking for Quarantine Advisors Last November, Before the Coronavirus Crisis

This is not fake news. This is not taken out of context. This clearly shows that the CDC was planning a quarantine program before the coronavirus “pandemic” and actively began recruiting for positions on November 15, 2019, well before the first case of Covid-19 was even known about.

This is a screenshot of the job posting:

Mar 25 06:03

The Washington Post Admits Crimeans Are Happy Russians

The Washington Post – an inveterate keystone of US foreign policy propaganda – made a surprising admission recently. The people of Crimea – allegedly “annexed” by the Russian Federation – are vastly satisfied under Moscow’s governance.

The Washington Post article titled, “Six years and $20 billion in Russian investment later, Crimeans are happy with Russian annexation,” attempts in every way to misrepresent, and deny the cause and obvious implications of the polling data presented – but still admits:

…the annexation was popular, especially among Crimea’s large population of older ethnic Russians. More than five years later, and billions of rubles of investment later, it remains popular.

Webmaster's Commentary: 

Et Tu, Tony Cartalucci?!?

NO, Russia did not ANNEX Crimea; post the US sponsored-putsch in Ukraine, putting Poroshenko into power Obama admits that US brokered a deal in support of regime change in Ukraine, the Crimeans did two things.

First, the Crimeans held a well-supervised,voted-upon referendum, where they were asked if they wanted to stay with Ukraine, post-putsch, or petition Russia to join the Russian Federation; in an overwhelming vote, they chose the later.

Tony, Russia did not annex Crimea; please, you're better than this!!!

Mar 25 05:53

Hand-washing: a luxury millions of Yemenis can't afford

Hand-washing to combat the spread of coronavirus is the order of the day, but it's an unaffordable luxury for millions in war-ravaged Yemen where clean water is dangerously scarce.

Yemen's broken healthcare system has yet to register any cases of the disease, but if the pandemic does hit, the impact will be unimaginable in a country where five years of conflict has created what the United Nations calls the world's worst humanitarian crisis.

Five years after a Saudi-led military coalition intervened in Yemen to support the government against the Iran-backed Huthi rebels, some 80 percent of the population is in need of aid.

- Cholera and disease -

Yemen suffered one of its worst ever outbreaks of cholera in 2017.

"Years of under-investment in public water and sanitation systems provided the foundations for this outbreak," Bismarck Swangin, UNICEF Yemen's chief of communications, told AFP.

"The risk still remains if access to water continues to be low."

Webmaster's Commentary: 

What this article deliberately avoids naming and shaming, is the US military's having enabled Saudi destruction of Yemen, including live fire taking the lives of infants; toddlers; women, and the medically fragile elderly; they have enabled the complete destruction of water infrastructure, guaranteeing that the water will nearly certainly cause disease; and prevented aid ships from getting in to Yemen, to provide desperately needed food aid.

Mar 25 05:47

'Forget The Mattress!' FDIC Insists Deposits Are 'Safe And Sound' As Fed Gears Up For $6 Trillion Bailout

National Economic Council Director Larry Kudlow on Tuesday evening announced the total coronavirus relief package will come to around $6 trillion with $2 trillion in "direct assistance" to Main Street and "roughly $4 trillion in Federal Reserve lending power" for Wall Street.

Mar 25 05:36

Congressionally created commission recommends requiring that women register for draft

Congressionally created commission recommends requiring that women register for draft

A congressionally appointed commission will recommend that women be required to register for the draft, the top Republican on the House Armed Services Committee and a committee aide confirmed Tuesday.

“The commissioners have made significant recommendations about the future of national service. In the context of future great power competition or modern pandemic response, all of their proposals deserve attention and consideration,” Rep. Mac Thornberry (R-Texas) said in a statement after being briefed by several members of the National Commission on Military, National and Public Service.

“Opening Selective Service to women is just one of their recommendations,” Thornberry continued. “I look forward to examining the data and arguments the commission has compiled more closely.”

Webmaster's Commentary: 

Imagine my (complete absence of) surprise; the only question, folks, is about when is the draft being reinstituted by the US government?!?

Mar 25 04:33

Oil Majors Are Preparing For $10 Oil

The wave of oil industry spending cuts continues, with the majors now announcing significant reductions to spending as oil remains stuck in the $20s. Royal Dutch Shell said on Monday that it would cut spending by 20 percent, or about $5 billion, and also suspend its share buyback plan. French oil giant Total SA and Norway’s Equinor announced similar moves.

ExxonMobil and Chevron have suggested they too would be axing their budgets, with Exxon under particular pressure. Goldman Sachs estimates that Chevron needs $50 per barrel in order to cover spending and its dividend. ExxonMobil, on the other hand, needs something like $70.

Mar 25 04:29

California's Public Employees Retirement System Just Lost A Stunning $69 Billion In One Month

In what is likely to become a trend around the country, California's Public Employees Retirement System just watched $69 billion go up in smoke as the coronavirus panic has gripped global markets.

CALPERS total fund balance is now about $335 billion, down from a record high of $404 billion only one month ago. CALPERS administers pensions for about 1,500 local governments around the state, as well as California state employees, according to the Sacramento Bee.

The California State Teachers’ Retirement System doesn't publicly report its value as often, but likely suffered similar losses. As of the end of February, its balance was about $243 billion. If it were to have fallen by the same amount as CALPERS, it would likely be somewhere near $200 billion now.

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