9:47 [Mises Wire] (E)
The world seems to be on fire. A couple of months ago, the economic upswing was still firmly established, production expanded, and unemployment was declining. It all changed with the advent of the coronavirus or, to be precise: things turned really sour with the politically dictated lockdowns. As a reaction to the spread of the virus, governments in many countries ordered shops and firms to shut down and people to stay home. The inevitable result was a close to complete breakdown of the economic system. Hundreds of millions of people were thrown into outright despair; in India alone 120 million workers lost their jobs in April 2020.
9:46 [Wall Street On Parade] (E)
One has to wonder how much money it would take for the New York Fed to throw at Wall Street before the New York Times reports to its readers on the biggest Wall Street bailout by the Fed since the financial crisis.
9:12 [Strategic Culture Foundation] (E)
There’s been a concerted effort recently among the oligarchs I like to call The Davos Crowd to demonize cash. From hedge fund manager Ray Dalio pronouncing ‘Cash is trash’ earlier this year to the fear-mongering surrounding COVID-19 making people fearful of dealing in cash because it might be tainted the anti-cash rhetoric has been amped up to eleven. And it’s been no secret that the elite of the world want us to stop transacting in cash because it is something they can’t track. Sweden has flirted with the cashless society while the European Union did away with large denomination bills the same way the U.S. has been phasing them out.
11:43 [Strategic Culture Foundation] (E)
A new, radical paradigm shift is in progress. The U.S. economy may shrink as much as 40% in the first semester of 2020. China, already the world’s largest economy by PPP for a few years now, may soon become the world’s largest economy even in exchange rate terms. The post-Planet Lockdown world – still a hazy mirage – may well need a post-Planet Lockdown currency. And that’s where a serious candidate steps into the fray: the fiat digital yuan.
17:17 [Alt-Market] (E)
The news cycle moves so quickly these days writing analysis on current events becomes difficult; the moment you publish an examination of the situation people have already moved on to the next disaster. So, today I`m not going to do that. Instead, let`s look at current trends and project what is likely to happen in the next couple of months. In my article `How The Pandemic Crisis Will Probably Develop Over The Next Year` published in early March, I outlined what I believed would be the major developments on a longer timetable. Some of these predictions have already occurred.
14:36 [Global Research] (E)
The Bank for International Settlements (BIS) is an organization that is shrouded in mystery, mainly due to the fact that the majority of people don’t even know of its existence. According to the BIS itself, the main purpose of the Bank is to “to promote the cooperation of central banks and to provide additional facilities for international financial operations” and “act as trustee or agent in regard to international financial settlements entrusted to it under agreements of the parties concern.”
20:01 [Of Two Minds] (E)
The mainstream view assumes everyone will be gripped by an absolutely rabid desire to return to their pre-pandemic frenzy of borrowing and spending and consuming, the more the better. While the urge to believe the Titanic scraping the iceberg will have no consequence and the collision was nothing but a spot of bother is compelling (so party on!), many people will reassess their pre-pandemic lives and ask: do I really want to go back to circling the pavement in a dead end?
11:35 [Moon of Alabama] (E)
Under Erdogan`s rule the Turkish industry has taken up a lot of debt that was denominated in U.S. dollar. It has to be paid back in a foreign currency. A sinking Lira will make foreign denominated loans much harder to pay back. Higher interest rates will make local consumer debt more expensive and will reduce local demand. The debt fueled boom Erdogan had engineered over the last years will now be followed by a severe crash.
23:23 [youtube/the Duran] (E)
The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris take a look the head of NIAID, Dr Anthony Fauci, and his deep connections (and massive conflict of interest) to oligarch, elite globalists including Bill Gates, George Soros, Hillary Clinton and Nancy Pelosi.
8:48 [Global Research] (E)
Has the Pandemic Been Used to Precipitate the World into a Spiral of Mass Unemployment, Bankruptcy and Despair?
14:54 [Counterpunch] (E)
The mainstream financial press has been remarkably quiet about the Federal Reserve’s appointment (March 24) of BlackRock to manage its massive corporate debt purchase program in response to the Covid-19 crisis. That silence might have a simple explanation: you don’t slag your boss if you know what’s good for you.
8:51 [Stalker Zone] (E)
An amazing thing: a wave of articles in the media and on different websites about Russia selling gold! So, she always traded it! There is a schedule: In recent years – except 2018/19, the volume of exports has varied from 30 to 50 tons. All other gold was bought by the Central Bank and Banks of the Russian Federation. In 2018 they bought almost all produced gold, and in 2019 the Central Bank of the Russian Federation sharply reduced purchases, as its volume in the International Reserves exceeded 20%, but its “daughters”, on the contrary, increased. And yet – “according to rumours” – 114 tons of gold went to the West. I found no confirmation of this in the FCS summary, and therefore concluded that the gold had been sold, that it was stored either in London or in Switzerland at the “daughters” of the Central Bank. You never know if it’s decided to not return 40 tonnes of Venezuela’s gold in London…
12:10 [Gerald Celente/YouTube] (E)
Gerald Celente is Founder of the Trends Journal, a weekly, multi-media resource providing analysis & trend forecasts no other news outlet delivers. What’s going on? What does it mean? What’s next? Knowledge is power. Subscribe to the Trends Journal for Truth, Trends, and so much more.
15:13 [Gerald Celente/YouTube] (E)
Gerald Celente is Founder of the Trends Journal, a weekly, multi-media resource providing analysis & trend forecasts no other news outlet delivers. What’s going on? What does it mean? What’s next? Knowledge is power.
20:19 [Democracy At Work/YouTube] (E)
This week on Economic Update, Professor Wolff presents updates on how air-bnb reflects workers` falling living standards, price-gouging anti-virus masks, purpose of Trump`s record deficit, end of Brexit distraction makes UK face its real problem: capitalism, and cause of San Diego`s pension crisis. The second half of the show features a major discussion of the economics` centuries-old, #1 debate - more vs less govt economic intervention. That debate mostly distracts from the feared debate over capitalism vs really alternative systems.
19:46 [Cambridge House International Inc./YouTube] (E)
At the 2019 VRIC, Peter fired shots at Brent for his gold forecast ($1000) during the Gold vs. The Dollar vs. Oil Panel.
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