(Zero Hedge) As we noted earlier, The Fed’s actions this morning mean “free markets are dead.”
economy
Trump Signs Executive Order To Support Moon Mining, Tapping Asteroid Resources
(Joseph Curl) President Trump has signed an executive order establishing U.S. policy on the use of off-Earth resources, including mining of the moon’s water ice and other natural resources, as well as tapping asteroids passing by.
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.
This is What Economic Collapse Looks Like
(Michael Snyder) Approximately ten million Americans have filed new claims for unemployment benefits over the past two weeks. To put that in perspective, the all-time record for a single week before this coronavirus pandemic hit was just 695,000. So needless to say, 6.6 million claims in a single week puts us in uncharted territory. Just check out this chart. We have never seen a week like this before, and we may never see a week quite this bad again. Of course millions more jobs will be lost in the months ahead as this pandemic stretches on, but it is hard to imagine another spike like we just had. When you add the last two weeks together, somewhere around 10 million Americans have filed new unemployment claims during that time period…
“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…
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
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 Alliance is INTENTIONALLY Destroying the CABAL-Controlled Economy—But A New Development Will Bring Us Back from the Brink
(Justin Deschamps) Is there a global implosion of the economy taking place at this time? By all accounts, yes there is. The coronavirus pandemic and global response created one of the swiftest and most sweeping shifts in the global economic structure in world history. Many assume this is the beginning of the end. Many contend that this is exactly what the banksters and their Cabal cohorts wanted. But I suspect and have a good case to make that this is part of the global takedown of the Deep State.
‘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
“This Could Be Devastating” – Amazon, Instacart Workers Plan Strikes Today
(Zero Hedge) As the virus crisis worsens in the US, employees at Amazon and Instacart are planning to strike today.
The Economic Depression Of 2020: Many Of The Restaurants, Bars And Retailers That Have Closed Will Never Open Again
(Michael Snyder) It appears that we are heading into the worst economic downturn of the post-World War II era, and that is going to be true no matter how this coronavirus pandemic ultimately plays out. There are some that believe that this virus will only kill thousands, and there are others that are warning that it could kill millions, but everyone can agree that this outbreak is causing an unprecedented amount of fear.