(Frank Camp) In an Easter letter to “brothers and sisters of popular movements and organizations,” Pope Francis wrote about the struggles of the poor and “marginalized,” and offered prayer and blessings to them.
Economy
Declaration of NESARA/GESARA Coming Soon? Sacha Stone Thinks So
Former CIA spy Robert David Steele had researcher and activist Sacha Stone back on for a 13 minute update to talk about NESARA, a possible debt jubilee, the Republic of the United States, human trafficking and pedophilia. Stillness in the Storm Editor: Why did we post this? The preceding information is an update from one […]
Economy: Gold Soars Along With Everything Else As Fed Ends Capital Markets As We Know Them
(Zero Hedge) As we noted earlier, The Fed’s actions this morning mean “free markets are dead.”
These Very Alarming Numbers Show How People Are “Coping” With The Coronavirus Pandemic
(Michael Snyder) It is during times of great crisis that we find out who we really are. Now that strict “shelter-in-place” orders have been instituted all over the world, most people have a lot more free time than usual. Of course some are using all of this extra free time for constructive purposes, but many others have decided that “self-medicating” is the best way to “cope” with this coronavirus pandemic. When under great pressure, people tend to gravitate to whatever is most important to them, and that is why what we are witnessing during this pandemic is so alarming. Just check out these new numbers…
The Purpose of the Federal Reserve Banking System
(Madhava Setty, MD) Centralized banking has been devised for a purpose unseen and much different than what the public and most of our elected leaders/legislators believe. The purpose is not to stabilize, but to destabilize economies for ulterior motives. How does a system described in the article benefit the people at all? What is really going on here and how did we get into this mess? What alternatives and solutions would you think of?
The Fed Is Running Out of Bubbles to Create
(Klajdi Bregu) The Fed came out with a series of unprecedented measures on March 22, 2020. They announced the Fed will buy an unlimited amount of Treasurys and mortgage-backed securities (MBS), or as Peter Schiff refers to it, “QE infinity.” This has been very positively welcomed by many in the mainstream media and by businesses. Yet, what many are ignoring is that the Fed has to do this to keep the bubbles that it has created going. Recently, I wrote that the Fed has created many structural problems in the mortgage market, corporate bond market, and the car loan market. These issues have only been “waiting” for such a situation to come to the surface and severely hurt the economy.
We Did It – Trump Ends The Fed As We Know It
(John Michael Chambers) Winning! Those of us who are awake have been talking about this day for many, many years.
“US Labor Market Is In Free-Fall” — 10M Americans Have Filed For Unemployment In Past 2 Weeks
(Zero Hedge) After last week’s unprecedented 3.3 million surge in initial jobless claims, this week’s is even more unprecedented-er, adding a stunning 6.648 million (just 100k away from our estimate of 6.5million) for a two-week sum of 10 million new Americans claiming unemployment benefits…
One-Two Punch: Coronavirus, Price War Sends Oil Prices to 18-Year Low
(Franz Walker) The economic slowdown brought about by the global coronavirus pandemic, compounded with the price war between Saudi Arabia and Russia, has sent oil prices into an 18-year low Monday. This was crude-oil future’s biggest percentage drop on record for any month or quarter, according to Dow Jones Market Data analysis, since 1983.
Fed Will Make up to $4 Trillion in Loans to Businesses to Rescue the U.S. Economy, Mnuchin Says
(Greg Robb) Treasury secretary says Fed will play key role in helping businesses hurt by coronavirus
The Fed Blows Biggest Bond Bubble Ever: March IG Bond Issuance Hits $271BN, an Absolute Record
(Zero Hedge) When the Fed broke the last frontier of moral hazard – at least until it starts openly purchasing ETFs and single stocks after the next market crash, thereby fully nationalizing the market – and announced it, or rather Blackrock, would not only expand its QE to “unlimited” but also buy investment grade bonds and the IG ETF, LQD, it effectively tore the bond market into two categories: that backstopped by the Fed, and that which isn’t (something we described in “Bond Market Tears In Two: Distressed Debt Is Cratering, As Fed Buying Of Investment Grade Sends LQD NAV Soaring”).
Fed Steps in Once Again to Try to Smooth out Lending Markets
(Christopher Rugaber) The Federal Reserve is intervening once again to try to smooth out the world’s lending markets, this time by lending dollars to other central banks in exchange for Treasurys.
49 Percent Of U.S. Companies Expect Layoffs “In The Next Three Months” As Unemployment Heads To Great Depression Levels
(Michael Snyder) If the U.S. economy remains in shutdown mode for the next several months, we are going to witness layoffs like we have never seen before in U.S. history. Of course what we have already witnessed is difficult to believe.
‘THE WORLD WILL BE DIFFERENT’: Blackrock Chief Says the Global Economy Has Been Changed Forever
(Annie Massa) BlackRock chief executive officer Larry Fink predicted the economy will eventually recover from the coronavirus outbreak, though he said the crisis will reshape investor psychology, business practices and consumer habits.
BlackRock waives ETF fees for New York Federal Reserve — Financial Reset Update
(Investment News) The new fee structure addresses how the asset manager will handle conflicts of interest inherent in its arrangement with the Fed