revolutionradio--2020-04-20--Trump to Press: ‘You And The Obama Administration Were Duped For Years By China’

“ You don ’ t have the brains you were born with.
” President Trump reacted to a CNN reporter ’ s jibing against praise for his administration ’ s handling of the coronavirus crisis by telling the press as a whole that they are the ones who were duped ‘ for years ’ by China , along with his predecessor , Barack Obama .
Trump played another montage of positive video clips praising the government ’ s handling of the outbreak , which triggered CNN reporter Jeremy Diamond into charging that Trump is focusing on ‘ self-congratulation ’ , @ @ @ @ @ @ @ .
“ What I ’ m doing is standing up for the men and women that have done an incredible job , ” Trump replied , adding “ I ’ m also sticking up for doctors and nurses and military doctors and nurses.
” “ Those people have been just absolutely excoriated by some of the fake news , like you.
” Trump continued , adding “ You ’ re CNN , you ’ re fake news .
And let me just tell you , they were excoriated by people like you that @ @ @ @ @ @ @ you don ’ t have the brains you were born with.
” Trump noted that he is used to being personally attacked , but is losing patience with critics of his coronavirus task force .
“ It ’ s not about me , nothing ’ s about me .
You ’ re never going to treat me fairly , many of you , and I understand that , ” he said , adding “ I got here with the worst , most unfair press treatment they say in the history of the United @ @ @ @ @ @ @ questioned if Trump has been “ duped ” by Chinese President Xi Jinping .
“ You know who was duped ?
You and the Obama administration was duped for years , ” Trump responded , and further pointing to his early decision to ban travel from China .
“ You people are so pathetic at CNN… That ’ s why your ratings are so bad : because you ’ re pathetic .
Your ratings are terrible ; you got to get back to real news , ” Trump blasted .
Meanwhile , over @ @ @ @ @ @ @ CNN ’ s Fareed Zakaria slammed Trump for blaming China for the outbreak , while actually acknowledging that China is to blame .
In a extreme display of cognitive dissonance , Zakaria stated that while China certainly has “ engaged in a cover-up , ” blaming the communist government for the spread of the virus doesn ’ t solve anything .
Zakaria argued that instead , the finger of blame should be pointed at Trump .
“ China ’ s repressive regime has always controlled and manipulated information to serve its larger interests @ @ @ @ @ @ @ fact that Donald Trump was well aware of the potential dangers of the virus by late January at minimum and by mid-February at the latest.
” Zakaria argued .
Zakaria further argued that the solution is globalism .
“ Whatever China ’ s mistakes , missteps and deceptions , the fastest way to defeat this pandemic would be to build a broad international alliance.
” the CNN host urged .
This entry was posted on Monday , April 20th , 2020 at 2:02 pm and is filed under China , Media Lies , @ @ @ @ @ @ @ any responses to this entry through the RSS 2.0 feed .

“You don’t have the brains you were born with.”
Steve Watson
Summit.news
20 April, 2020
President Trump reacted to a CNN reporter’s jibing against praise for his administration’s handling of the coronavirus crisis by telling the press as a whole that they are the ones who were duped ‘for years’ by China, along with his predecessor, Barack Obama.
Trump played another montage of positive video clips praising the government’s handling of the outbreak, which triggered CNN reporter Jeremy Diamond into charging that Trump is focusing on ‘self-congratulation’, rather than focusing on the death toll.
Watch:
“What I’m doing is standing up for the men and women that have done an incredible job,” Trump replied, adding “I’m also sticking up for doctors and nurses and military doctors and nurses.”
“Those people have been just absolutely excoriated by some of the fake news, like you.” Trump continued, adding “You’re CNN, you’re fake news. And let me just tell you, they were excoriated by people like you that don’t know any better because you don’t have the brains you were born with.”
Trump noted that he is used to being personally attacked, but is losing patience with critics of his coronavirus task force.
“It’s not about me, nothing’s about me. You’re never going to treat me fairly, many of you, and I understand that,” he said, adding “I got here with the worst, most unfair press treatment they say in the history of the United States for a president.”
Diamond also questioned if Trump has been “duped” by Chinese President Xi Jinping.
“You know who was duped? You and the Obama administration was duped for years,” Trump responded, and further pointing to his early decision to ban travel from China.
“You people are so pathetic at CNN… That’s why your ratings are so bad: because you’re pathetic. Your ratings are terrible; you got to get back to real news,” Trump blasted.
Meanwhile, over at the aforementioned fake news headquarters, CNN’s Fareed Zakaria slammed Trump for blaming China for the outbreak, while actually acknowledging that China is to blame.
In a extreme display of cognitive dissonance, Zakaria stated that while China certainly has “engaged in a cover-up,” blaming the communist government for the spread of the virus doesn’t solve anything.
Zakaria argued that instead, the finger of blame should be pointed at Trump.
“China’s repressive regime has always controlled and manipulated information to serve its larger interests, but none of that changes the fact that Donald Trump was well aware of the potential dangers of the virus by late January at minimum and by mid-February at the latest.” Zakaria argued.
Zakaria further argued that the solution is globalism.
“Whatever China’s mistakes, missteps and deceptions, the fastest way to defeat this pandemic would be to build a broad international alliance.” the CNN host urged.


revolutionradio--2020-04-20--May WTI Contract Crashes To $1; Alaska, Bakken, & Edmonton All Pricing Negative

Update ( 1335ET ) : WTF WTI !
The May contract just traded at $ 1.03… It was $ 10 @ @ @ @ @ prompt spread ( May-June ) is now at a record $ 20… And now Alaska @ @ @ @ @ are all trading negative This entry was posted on Monday , April 20th , 2020 @ @ @ @ @ filed under Economics , Oil .
You can follow any responses to this entry through @ @ @ @ @

by Tyler Durden
ZeroHedge.com
Mon, 04/20/2020
Update (1335ET): WTF WTI! The May contract just traded at $1.03… It was $10 90 minutes ago!
The prompt spread (May-June) is now at a record $20…
And now Alaska, Bakken, and Edmonton are all trading negative


revolutionradio--2020-04-20--Gingrich: Coronavirus Has Made Politicians Act Like ‘Petty Gods’

In a Monday interview with “ Fox & Friends , ” former House Speaker Newt Gingrich weighed in on the stay-at-home orders amid the ongoing coronavirus pandemic as some state leaders begin to consider plans to reopen .
With governors holding the power to reopen their states , Gingrich acknowledged that not every state or every city within the same state has the same situation .
He also discussed his recent Fox News op-ed in which he bashed leaders during the crisis coming to believe “ they have god-like decision-making capacity.
” “ I think that some of the governors @ @ @ @ @ @ @ one governor , for example , said it was OK for Planned Parenthood to stay open for abortions , but it wasn ’ t OK for churches to stay open for services , ” Gingrich outlined .
“ Well , that ’ s clearly just an ideological abuse of the emergency , and I think that ’ s part of what has people with their teeth on edge because they ’ re watching people abuse their power.
” After noting Michigan Gov .
Gretchen Whitmer ’ s ( D ) list of mandates @ @ @ @ @ @ @ buy and an Illinois mayor deciding who gets food and who does not , Gingrich stressed the importance of taking back “ power from the politicians ” who have come to think they are “ petty gods.
” “ You look around the country , one of the major responsibilities right after defeating the virus and restarting the economy , the third big effort is going to be take power back from the politicians because you can not allow them to decide that they ’ re little petty gods who get to factor @ @ @ @ @ @ @ of us , ” he concluded .
This entry was posted on Monday , April 20th , 2020 at 1:43 pm and is filed under BioWeapon , Government Evil , Health , Pandemic , Police State .
You can follow any responses to this entry through the RSS 2.0 feed .

by TRENT BAKER
BREITBART.COM
20 Apr 2020
In a Monday interview with “Fox & Friends,” former House Speaker Newt Gingrich weighed in on the stay-at-home orders amid the ongoing coronavirus pandemic as some state leaders begin to consider plans to reopen.
With governors holding the power to reopen their states, Gingrich acknowledged that not every state or every city within the same state has the same situation. He also discussed his recent Fox News op-ed in which he bashed leaders during the crisis coming to believe “they have god-like decision-making capacity.”
“I think that some of the governors have shown their ideological bias so that one governor, for example, said it was OK for Planned Parenthood to stay open for abortions, but it wasn’t OK for churches to stay open for services,” Gingrich outlined. “Well, that’s clearly just an ideological abuse of the emergency, and I think that’s part of what has people with their teeth on edge because they’re watching people abuse their power.”
After noting Michigan Gov. Gretchen Whitmer’s (D) list of mandates of what people can and cannot buy and an Illinois mayor deciding who gets food and who does not, Gingrich stressed the importance of taking back “power from the politicians” who have come to think they are “petty gods.”
“You look around the country, one of the major responsibilities right after defeating the virus and restarting the economy, the third big effort is going to be take power back from the politicians because you cannot allow them to decide that they’re little petty gods who get to factor life and death for all the rest of us,” he concluded.
The Rest…HERE


revolutionradio--2020-04-21--Did CDC deliberately delay testing kits, allowing the coronavirus to spread?

As the mainstream media and public health officials continue to solely blame President Donald Trump for the Wuhan coronavirus ( COVID-19 ) situation that ’ s transpired here in the United States , resulting in widespread lockdowns and business closures , don ’ t forget that it was actually the U.S. Centers for Disease Control and Prevention ( CDC ) , a private corporation , that botched the testing kit rollout back when it actually mattered .
Back in mid-January , Stephen Lindstrom , one of the CDC ’ s top scientists , reassured local and state public health officials @ @ @ @ @ @ @ mysterious new virus that was escaping from China wouldn ’ t be a problem here in the United States , he said during a conference call , but the CDC was still going to develop a testing kit for it just to be sure .
In an email summarizing this call , it was revealed that Lindstrom wasn ’ t even anticipating having to use these testing kits “ unless the scope [ of the spread of the virus ] gets much larger than we anticipate.
” Consequently , one public health official @ @ @ @ @ @ @ that “ we ’ re in good hands.
” Three weeks later on Feb. 8 – the Wuhan coronavirus ( COVID-19 ) had already reached the U.S. at this point – one of the first of these CDC test kits arrived via Federal Express at a public health laboratory on the east side of Manhattan .
Lab technicians reportedly struggled for hours to get it to work , but to no avail : It produced questionable results that made it untrustworthy .
They quickly notified lab director Jennifer Rakeman , who also works @ @ @ @ @ @ @ York City health department , that the test wasn ’ t working right , to which she responded out of great concern , “ What are we going to do now ?
” The test continued to be used and pushed , however , including by the Trump administration , which reportedly issued demands that actually prevented an alternative test from being developed and used in its place .
The federal bureaucracy eventually relented , but at this point it was already too late : The Wuhan coronavirus ( COVID-19 ) had already @ @ @ @ @ @ @ have the skills and resources as a community but we are collectively paralyzed by a bloated bureaucratic/administrative process , ” wrote Marc Couturier , medical director at academic laboratory ARUP in Utah , to fellow microbiologists on Feb. 27 .
This was followed not long after by the Trump administration ’ s decision to open up testing to other laboratories and technology beyond what the CDC had developed .
A few weeks later on March 12 , Brett Giroir , a Public Health Service admiral , was appointed to be the official testing @ @ @ @ @ @ @ Giroir admitted that the government , including the CDC , had failed to nip this thing in the bud early on , and was now having to play catch-up .
“ There was a clear need for a more aggressive posture , ” Giroir , who ’ s also an assistant secretary at the Department of Health and Human Services ( HHS ) , stated .
When asked who was to blame for dropping the ball during the early days of the crisis , Giroir carefully responded , “ A problem like this @ @ @ @ @ @ @ Clearly , there needed to be a higher level of leadership and organization.
” Listen below to The Health Ranger Report as Mike Adams , the Health Ranger , talks to Dr. Paul Cottrell about how the Wuhan coronavirus ( COVID-19 ) has the potential to mutate and exploit a second receptor inside people ’ s bodies : Why wouldn ’ t the CDC help state health departments figure out the testing issues ?
For some reason , Giroir didn ’ t call out the CDC in his statement , even though the @ @ @ @ @ @ @ coronavirus ( COVID-19 ) as a distant threat well into January .
As you may recall , it was already known at that time that at least one traveler from China had brought the Wuhan coronavirus to Seattle , this being the first known case in the U.S .
The CDC ’ s response was to manufacture and distribute more testing kits , but as we also know these were largely defective .
It took a very long time after that for new tests to be developed and distributed , but only to @ @ @ @ @ @ @ be needed by the CDC .
Everyone else would have to wait “ unless the scope gets much larger than we anticipate right now , ” explains an email summary of that same mid-January call between Lindstrom and more than a dozen public health officials .
After these tests proved to be flawed , labs all across the country scrambled to find a solution .
They also attempted to contact the CDC for clarification about how to move forward , only to receive no response in return .
“ The silence from CDC @ @ @ @ @ @ @ Bartkus , lab director of the Minnesota health department , in a letter to Scott Becker , chief executive of the Association of Public Health Laboratories , which had been in communication with the CDC about the faulty test results .
“ What is going on ?
We are getting questions from our governor ’ s office and other labs are getting media requests asking when we will be starting.
” The CDC ’ s failure , or refusal , to act quickly to resolve the problem and get new working tests delivered @ @ @ @ @ @ @ resulted in the Wuhan coronavirus ( COVID-19 ) spreading even further .
And the worst part about it is that the CDC apparently lied about there being an easy fix to the problem , when there really wasn ’ t .
Be sure to read the full report on the CDC ’ s failure to address the Wuhan coronavirus ( COVID-19 ) crisis at Chron.com .
This entry was posted on Tuesday , April 21st , 2020 at 8:12 am and is filed under BioWeapon , Conspiracy , Corruption , Government Evil , @ @ @ @ @ @ @ to this entry through the RSS 2.0 feed .

by: Ethan Huff
NaturalNews.com
Monday, April 20, 2020
As the mainstream media and public health officials continue to solely blame President Donald Trump for the Wuhan coronavirus (COVID-19) situation that’s transpired here in the United States, resulting in widespread lockdowns and business closures, don’t forget that it was actually the U.S. Centers for Disease Control and Prevention (CDC), a private corporation, that botched the testing kit rollout back when it actually mattered.
Back in mid-January, Stephen Lindstrom, one of the CDC’s top scientists, reassured local and state public health officials that everything was under control. The mysterious new virus that was escaping from China wouldn’t be a problem here in the United States, he said during a conference call, but the CDC was still going to develop a testing kit for it just to be sure.
In an email summarizing this call, it was revealed that Lindstrom wasn’t even anticipating having to use these testing kits “unless the scope [of the spread of the virus] gets much larger than we anticipate.” Consequently, one public health official reportedly told colleagues in a separate email that “we’re in good hands.”
Three weeks later on Feb. 8 – the Wuhan coronavirus (COVID-19) had already reached the U.S. at this point – one of the first of these CDC test kits arrived via Federal Express at a public health laboratory on the east side of Manhattan. Lab technicians reportedly struggled for hours to get it to work, but to no avail: It produced questionable results that made it untrustworthy.
They quickly notified lab director Jennifer Rakeman, who also works as an assistant commissioner in the New York City health department, that the test wasn’t working right, to which she responded out of great concern, “What are we going to do now?”
The test continued to be used and pushed, however, including by the Trump administration, which reportedly issued demands that actually prevented an alternative test from being developed and used in its place. The federal bureaucracy eventually relented, but at this point it was already too late: The Wuhan coronavirus (COVID-19) had already spread across the country.
“We have the skills and resources as a community but we are collectively paralyzed by a bloated bureaucratic/administrative process,” wrote Marc Couturier, medical director at academic laboratory ARUP in Utah, to fellow microbiologists on Feb. 27. This was followed not long after by the Trump administration’s decision to open up testing to other laboratories and technology beyond what the CDC had developed.
A few weeks later on March 12, Brett Giroir, a Public Health Service admiral, was appointed to be the official testing “czar” for the crisis. Giroir admitted that the government, including the CDC, had failed to nip this thing in the bud early on, and was now having to play catch-up.
“There was a clear need for a more aggressive posture,” Giroir, who’s also an assistant secretary at the Department of Health and Human Services (HHS), stated.
When asked who was to blame for dropping the ball during the early days of the crisis, Giroir carefully responded, “A problem like this is bigger than any single agency. Clearly, there needed to be a higher level of leadership and organization.”
Listen below to The Health Ranger Report as Mike Adams, the Health Ranger, talks to Dr. Paul Cottrell about how the Wuhan coronavirus (COVID-19) has the potential to mutate and exploit a second receptor inside people’s bodies:
Why wouldn’t the CDC help state health departments figure out the testing issues?
For some reason, Giroir didn’t call out the CDC in his statement, even though the CDC was still looking at the Wuhan coronavirus (COVID-19) as a distant threat well into January. As you may recall, it was already known at that time that at least one traveler from China had brought the Wuhan coronavirus to Seattle, this being the first known case in the U.S.
The CDC’s response was to manufacture and distribute more testing kits, but as we also know these were largely defective. It took a very long time after that for new tests to be developed and distributed, but only to some areas where they were deemed to be needed by the CDC. Everyone else would have to wait “unless the scope gets much larger than we anticipate right now,” explains an email summary of that same mid-January call between Lindstrom and more than a dozen public health officials.
After these tests proved to be flawed, labs all across the country scrambled to find a solution. They also attempted to contact the CDC for clarification about how to move forward, only to receive no response in return.
“The silence from CDC … is deafening,” stated Joanne Bartkus, lab director of the Minnesota health department, in a letter to Scott Becker, chief executive of the Association of Public Health Laboratories, which had been in communication with the CDC about the faulty test results.
“What is going on? We are getting questions from our governor’s office and other labs are getting media requests asking when we will be starting.”
The CDC’s failure, or refusal, to act quickly to resolve the problem and get new working tests delivered to where they needed to be ultimately resulted in the Wuhan coronavirus (COVID-19) spreading even further. And the worst part about it is that the CDC apparently lied about there being an easy fix to the problem, when there really wasn’t.
Be sure to read the full report on the CDC’s failure to address the Wuhan coronavirus (COVID-19) crisis at Chron.com.


revolutionradio--2020-04-21--The Oil Price Collapse Is Yet Another Sign That Economic Activity Is Crashing Dramatically All Over

The Oil Price Collapse Is Yet Another Sign That Economic Activity Is Crashing Dramatically All Over The World

The insanity that we are currently witnessing in the financial markets is difficult to believe .
Personally , even though I operate a website called “ The Economic Collapse Blog ” and I write about these things every day , when someone told me that the price of oil had fallen below minus 30 dollars a barrel on Monday I initially didn ’ t think that it could possibly be true .
Yes , I always knew that it was theoretically possible that the price of oil could go into negative territory , but we had never seen such a @ @ @ @ @ @ @ knew that a crunch was coming as futures contracts expired , but I certainly did not expect the extreme carnage that we witnessed on Monday … West Texas Intermediate crude for May delivery fell more than 100 % to settle at negative $ 37.63 per barrel , meaning producers would pay traders to take the oil off their hands .
This negative price has never happened before for an oil futures contract .
Futures contracts trade by the month .
The June WTI contract , which expires on May 19 , fell about @ @ @ @ @ @ @ per barrel .
This contract , which was more actively traded , is a better reflection of the reality in the oil market .
The July contract was roughly 11 % lower at $ 26.18 per barrel .
When global economic activity is rising , that usually creates an increased demand for oil .
And when global economy activity is declining , the demand for oil also tends to drop .
Thanks to the coronavirus lockdowns , global demand for oil has dropped to levels that are absolutely unprecedented .
The amount of @ @ @ @ @ @ @ , far greater than the amount that the world can use right now , and storage space has been rapidly running out .
Speculators that found themselves stuck with oil contracts that they were not able to resell went into panic mode on Monday , and that created the most memorable day for oil trading in history .
I would like to share what a couple of experts are saying about this absolutely crazy oil price crash .
This first comment comes from Wolf Richter… It seems some oil trading firms and hedge @ @ @ @ @ @ @ of heavily leveraged bets , and couldn ’ t roll over their contracts due to a liquidity crunch and horrible market conditions in that space .
But if they can ’ t sell the contracts by tomorrow , they ’ ll have to take delivery of the physical oil at the delivery point for NYMEX futures , namely in Cushing , Oklahoma .
The delivery time is in May .
But storage in Cushing for May seems to have been spoken for , and now these traders see that they have no place @ @ @ @ @ @ @ might have to take delivery of in May .
And this next comment comes from Roger Diwan… What is happening today is trades or speculators who had bought the contract are finding themselves unable to resell it , and have no storage booked to get delivered the crude in Cushing , OK , where the delivery is specified in the contract .
This means that all the storage in Cushing is booked , and there is no price they can pay to store it , or they are totally inexperienced in this game @ @ @ @ @ @ @ did not understand the full physical aspect of as the time clock expires .
The contract roll and liquidity crunch that made the extreme sell-off today possible but it DOESN ’ T necessarily represent futures market conditions : NYMEX June settled today at $ 21.13 .
Last week , Russia , Saudi Arabia and other major oil producers cut a deal to significantly reduce global oil production , but it wasn ’ t nearly enough to match the nightmarish decline in global economic activity that we have been witnessing .
So right now @ @ @ @ @ @ @ than the world can currently use , and that has become a massive problem .
And if things don ’ t turn around quickly , we could soon see hundreds of bankruptcies in the energy industry… Many oil companies took on too much debt during the good times .
Some of them won ’ t be able to survive this historic downturn .
In a $ 20 oil environment , 533 US oil exploration and production companies will file for bankruptcy by the end of 2021 , according to Rystad Energy .
At @ @ @ @ @ @ @ than 1,100 bankruptcies , Rystad estimates .
In the short-term , what the energy industry desperately needs is for the lockdowns to end and for people to resume their normal economic patterns .
But as one analyst has pointed out , getting people to do that would be extremely difficult even if all of the lockdowns were lifted immediately… “ The government can declare whatever they want in terms of encouraging people to get out and do stuff , ” said Willie Delwiche , investment strategist at Baird .
“ Whether or not @ @ @ @ @ @ @ to be seen .
It ’ s going to take seeing people start to get out and do stuff again .
That will be the necessary positive development , not just declaring getting things open.
” In the long run , the good news for the energy industry is that there are several reasons why the price of oil will eventually be going back up to higher levels .
First of all , economic activity will rise as lockdowns are lifted all over the world , and hopefully all of the lockdowns will @ @ @ @ @ @ @ calendar year .
Secondly , central banks and national governments around the globe are flooding the system with massive amounts of fresh money , and this will eventually cause very painful inflation .
But for the energy industry this will actually turn out to be a good thing because it will cause upward pressure on oil prices .
Thirdly , it is just a matter of time before a major war erupts in the Middle East , and once that happens the price of oil will immediately shoot into the stratosphere .
So @ @ @ @ @ @ @ a temporary downturn for the energy industry , but a lot of energy companies are so deep in debt that they may not be able to ride this storm out .
For the U.S. economy as a whole , it is critical for all of us to understand that things are never going to go back to exactly the way they were before COVID-19 came along .
All of the financial dominoes are starting to tumble , all of the economic momentum is heading in the wrong direction , and there will be @ @ @ @ @ @ @ to face after this current pandemic is over .
There will be a lot more wild ups and downs in the months ahead , but this is what an economic collapse looks like , and it is just getting started .
This entry was posted on Tuesday , April 21st , 2020 at 12:15 am and is filed under Economics , God Help Us , Oil .
You can follow any responses to this entry through the RSS 2.0 feed .

by Michael Snyder
TheEconomicCollapseBlog.com
April 20, 2020
The insanity that we are currently witnessing in the financial markets is difficult to believe. Personally, even though I operate a website called “The Economic Collapse Blog” and I write about these things every day, when someone told me that the price of oil had fallen below minus 30 dollars a barrel on Monday I initially didn’t think that it could possibly be true. Yes, I always knew that it was theoretically possible that the price of oil could go into negative territory, but we had never seen such a thing actually happen before. And I knew that a crunch was coming as futures contracts expired, but I certainly did not expect the extreme carnage that we witnessed on Monday …
West Texas Intermediate crude for May delivery fell more than 100% to settle at negative $37.63 per barrel, meaning producers would pay traders to take the oil off their hands.
This negative price has never happened before for an oil futures contract. Futures contracts trade by the month. The June WTI contract, which expires on May 19, fell about 18% to settle at $20.43 per barrel. This contract, which was more actively traded, is a better reflection of the reality in the oil market. The July contract was roughly 11% lower at $26.18 per barrel.
When global economic activity is rising, that usually creates an increased demand for oil.
And when global economy activity is declining, the demand for oil also tends to drop.
Thanks to the coronavirus lockdowns, global demand for oil has dropped to levels that are absolutely unprecedented. The amount of oil that is being produced is far, far greater than the amount that the world can use right now, and storage space has been rapidly running out.
Speculators that found themselves stuck with oil contracts that they were not able to resell went into panic mode on Monday, and that created the most memorable day for oil trading in history.
I would like to share what a couple of experts are saying about this absolutely crazy oil price crash. This first comment comes from Wolf Richter…
It seems some oil trading firms and hedge funds were caught on the wrong side of heavily leveraged bets, and couldn’t roll over their contracts due to a liquidity crunch and horrible market conditions in that space. But if they can’t sell the contracts by tomorrow, they’ll have to take delivery of the physical oil at the delivery point for NYMEX futures, namely in Cushing, Oklahoma.
The delivery time is in May. But storage in Cushing for May seems to have been spoken for, and now these traders see that they have no place to go with this oil that they might have to take delivery of in May.
And this next comment comes from Roger Diwan…
What is happening today is trades or speculators who had bought the contract are finding themselves unable to resell it, and have no storage booked to get delivered the crude in Cushing, OK, where the delivery is specified in the contract.
This means that all the storage in Cushing is booked, and there is no price they can pay to store it, or they are totally inexperienced in this game and are caught holding a contract they did not understand the full physical aspect of as the time clock expires.
The contract roll and liquidity crunch that made the extreme sell-off today possible but it DOESN’T necessarily represent futures market conditions: NYMEX June settled today at $21.13.
Last week, Russia, Saudi Arabia and other major oil producers cut a deal to significantly reduce global oil production, but it wasn’t nearly enough to match the nightmarish decline in global economic activity that we have been witnessing.
So right now oil producers are pumping far more oil than the world can currently use, and that has become a massive problem.
And if things don’t turn around quickly, we could soon see hundreds of bankruptcies in the energy industry…
Many oil companies took on too much debt during the good times. Some of them won’t be able to survive this historic downturn.
In a $20 oil environment, 533 US oil exploration and production companies will file for bankruptcy by the end of 2021, according to Rystad Energy. At $10, there would be more than 1,100 bankruptcies, Rystad estimates.
In the short-term, what the energy industry desperately needs is for the lockdowns to end and for people to resume their normal economic patterns.
But as one analyst has pointed out, getting people to do that would be extremely difficult even if all of the lockdowns were lifted immediately…
“The government can declare whatever they want in terms of encouraging people to get out and do stuff,” said Willie Delwiche, investment strategist at Baird. “Whether or not broad swaths of society do that remains to be seen. It’s going to take seeing people start to get out and do stuff again. That will be the necessary positive development, not just declaring getting things open.”
In the long run, the good news for the energy industry is that there are several reasons why the price of oil will eventually be going back up to higher levels.
First of all, economic activity will rise as lockdowns are lifted all over the world, and hopefully all of the lockdowns will be over by the end of this calendar year.
Secondly, central banks and national governments around the globe are flooding the system with massive amounts of fresh money, and this will eventually cause very painful inflation. But for the energy industry this will actually turn out to be a good thing because it will cause upward pressure on oil prices.
Thirdly, it is just a matter of time before a major war erupts in the Middle East, and once that happens the price of oil will immediately shoot into the stratosphere.
So the truth is that this is just a temporary downturn for the energy industry, but a lot of energy companies are so deep in debt that they may not be able to ride this storm out.
For the U.S. economy as a whole, it is critical for all of us to understand that things are never going to go back to exactly the way they were before COVID-19 came along. All of the financial dominoes are starting to tumble, all of the economic momentum is heading in the wrong direction, and there will be many more challenges that we will have to face after this current pandemic is over.
There will be a lot more wild ups and downs in the months ahead, but this is what an economic collapse looks like, and it is just getting started.


revolutionradio--2020-04-21--“Stanford study” claiming 55 times higher infection rate is BOGUS SCIENCE that relied on faulty, Chi

“Stanford study” claiming 55 times higher infection rate is BOGUS SCIENCE that relied on faulty, China-made test kits that produce huge numbers of false positives

Today , news broke that a “ Stanford study ” found coronavirus infections to be 55 to 88 times more prevalent than previously reported .
The bogus , misleading headline was trumpeted at Breitbart.com and most of the independent media as the latest effort to try to claim the coronavirus is “ no worse than the flu.
” The problem with this breaking news ?
It ’ s completely false .
As we show below , 13 out of 14 “ positives ” documented in the study were likely false positives .
In fact , the study is based almost @ @ @ @ @ @ @ faulty test kits that were used by Stanford researchers .
Those test kits , it turns out , were made in China by a biotech manufacturer rated at the very bottom in a list of test accuracy rankings .
And just like all the other China-made test kits that are exported to the USA , they are intended to create complacency across the USA by making people believe the coronavirus isn ’ t dangerous at all .
This is achieved by China exporting kits which produce huge numbers of false positives .
Combined @ @ @ @ @ @ @ test subjects used in the study , the data are so horribly bad that the study is worthless ( and the conclusions are bogus ) .
In fact , it ’ s worse than most of the so-called “ climate science ” that ’ s often cited by progressives who claim the oceans will rise so fast that New York City will be under water in a decade or so .
Let ’ s take a look at how this study falls apart .
NATURE openly admits the study may be bogus due @ @ @ @ @ @ @ was posted on Tuesday , April 21st , 2020 at 12:07 am and is filed under BioWeapon , Health , Media Lies , Pandemic .
You can follow any responses to this entry through the RSS 2.0 feed .

by: Mike Adams
NaturalNews.com
Monday, April 20, 2020
Today, news broke that a “Stanford study” found coronavirus infections to be 55 to 88 times more prevalent than previously reported. The bogus, misleading headline was trumpeted at Breitbart.com and most of the independent media as the latest effort to try to claim the coronavirus is “no worse than the flu.”
The problem with this breaking news? It’s completely false.
As we show below, 13 out of 14 “positives” documented in the study were likely false positives.
In fact, the study is based almost entirely on false positives due to the faulty test kits that were used by Stanford researchers. Those test kits, it turns out, were made in China by a biotech manufacturer rated at the very bottom in a list of test accuracy rankings. And just like all the other China-made test kits that are exported to the USA, they are intended to create complacency across the USA by making people believe the coronavirus isn’t dangerous at all.
This is achieved by China exporting kits which produce huge numbers of false positives. Combined with the very low number of actual test subjects used in the study, the data are so horribly bad that the study is worthless (and the conclusions are bogus). In fact, it’s worse than most of the so-called “climate science” that’s often cited by progressives who claim the oceans will rise so fast that New York City will be under water in a decade or so.
Let’s take a look at how this study falls apart.
NATURE openly admits the study may be bogus due to unreliable antibody test kits
The Rest…HERE


revolutionradio--2020-04-21--Will people in the U.S. have to cope with another 18 months of rolling coronavirus shutdowns? This e

Will people in the U.S. have to cope with another 18 months of rolling coronavirus shutdowns? This expert thinks they will

Last week , Bloomberg reported that for the third straight week in a row , record numbers of unemployed Americans had filed for benefits .
The jobless number has climbed so high in the wake of the coronavirus pandemic , that the total unemployment rate is now approaching 15 percent of the total U.S. workforce – a terrifying number that eclipses even the 10 percent reached at the peak of the Great Recession of 2007 to 2009 .
Understandably , millions of desperate Americans are waiting with bated breath for the strict lockdowns to be rolled back so that they @ @ @ @ @ @ @ , too , lose their jobs .
The stark reality , however , is that fully reopening the economy in the immediate future is simply not feasible .
If the lockdowns are reversed across the country before the right steps have been put in place to deal with the coronavirus pandemic – including the rollout of sufficient testing and other necessary measures – another wave of infections could be unleashed , and the economy could be impacted even more negatively .
And at least one expert believes that Americans may have to cope @ @ @ @ @ @ @ 18 months of rolling shutdowns .
As reported by MSN Money , Neel Kashkari , president of the Federal Reserve Bank of Minneapolis , has warned that unless an effective treatment or vaccine can be found for the coronavirus , it is likely that the U.S. economy will have to deal with many months of rolling shutdowns as the country deals with repeated disease flareups .
“ We ’ re looking around the world , ” Kashkari told CBS ’ s Face the Nation .
“ As they relax the economic controls , @ @ @ @ @ @ @ “ We could have these waves of flareups , controls , flareups and controls until we actually get a therapy or a vaccine , ” he added .
“ I think we should all be focusing on an 18-month strategy for our health care system and our economy.
” While Dr. Anthony Fauci , director of the National Institute of Allergy and Infectious Diseases , and one of President Trump ’ s chief advisers on the coronavirus , has indicated that some parts of the economy could be reopened in May , he @ @ @ @ @ @ @ up again in the Fall .
And public health experts and state governors alike have repeatedly warned President Trump that people will not be able to return to work until coronavirus testing is seriously ramped up .
In the meantime , the government has pulled out all the stops to try to reduce joblessness and help Americans cope with the greatest international disaster to strike humanity in decades .
The U.S. central bank has responded aggressively to blunt the effect of the coronavirus pandemic on the U.S. economy , launching an unprecedented range @ @ @ @ @ @ @ as $ 2.3 trillion in loans and slashing interest rates to nearly zero .
And the Fed has the potential to do even more .
Cleveland Fed chief Loretta Mester noted that the Fed is “ likely not done , ” and will continue to actively seek out additional ways to keep credit flowing through the economy .
“ We ’ re always looking for things where if we have a tool to be able to do it , and if we think it ’ s needed , we ’ re going to @ @ @ @ @ @ @ But will it be enough ?
And how long will the average American be able to cope with these restrictive lockdowns ?
Do we have another 18 months left in us ?
Only time will tell .
This entry was posted on Monday , April 20th , 2020 at 11:59 pm and is filed under BioWeapon , Economics , God Help Us , Health , Pandemic .
You can follow any responses to this entry through the RSS 2.0 feed .

by: Tracey Watson
NaturalNews.com
Monday, April 20, 2020
Last week, Bloomberg reported that for the third straight week in a row, record numbers of unemployed Americans had filed for benefits. The jobless number has climbed so high in the wake of the coronavirus pandemic, that the total unemployment rate is now approaching 15 percent of the total U.S. workforce – a terrifying number that eclipses even the 10 percent reached at the peak of the Great Recession of 2007 to 2009.
Understandably, millions of desperate Americans are waiting with bated breath for the strict lockdowns to be rolled back so that they can get back to work before they, too, lose their jobs.
The stark reality, however, is that fully reopening the economy in the immediate future is simply not feasible. If the lockdowns are reversed across the country before the right steps have been put in place to deal with the coronavirus pandemic – including the rollout of sufficient testing and other necessary measures – another wave of infections could be unleashed, and the economy could be impacted even more negatively.
And at least one expert believes that Americans may have to cope with the reality of having to face 18 months of rolling shutdowns.
‘Focusing on an 18-month strategy’
As reported by MSN Money, Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, has warned that unless an effective treatment or vaccine can be found for the coronavirus, it is likely that the U.S. economy will have to deal with many months of rolling shutdowns as the country deals with repeated disease flareups.
“We’re looking around the world,” Kashkari told CBS’s Face the Nation. “As they relax the economic controls, the virus flares back up again.
“We could have these waves of flareups, controls, flareups and controls until we actually get a therapy or a vaccine,” he added. “I think we should all be focusing on an 18-month strategy for our health care system and our economy.”
While Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, and one of President Trump’s chief advisers on the coronavirus, has indicated that some parts of the economy could be reopened in May, he has warned that the disease could flare up again in the Fall.
And public health experts and state governors alike have repeatedly warned President Trump that people will not be able to return to work until coronavirus testing is seriously ramped up.
In the meantime, the government has pulled out all the stops to try to reduce joblessness and help Americans cope with the greatest international disaster to strike humanity in decades.
MSN Money reported:
The U.S. central bank has responded aggressively to blunt the effect of the coronavirus pandemic on the U.S. economy, launching an unprecedented range of emergency programs to support as much as $2.3 trillion in loans and slashing interest rates to nearly zero.
And the Fed has the potential to do even more.
Cleveland Fed chief Loretta Mester noted that the Fed is “likely not done,” and will continue to actively seek out additional ways to keep credit flowing through the economy.
“We’re always looking for things where if we have a tool to be able to do it, and if we think it’s needed, we’re going to do it,” she said.
But will it be enough? And how long will the average American be able to cope with these restrictive lockdowns? Do we have another 18 months left in us? Only time will tell.


revolutionradio--2020-04-21--Oil wipe out sees prices plunge -220% to -$37 / barrel… ECONOMIC WARFARE has been unleashed against

Oil wipe out sees prices plunge -220% to -$37 / barrel… ECONOMIC WARFARE has been unleashed against America

Something happened today that will never happen again in your lifetime .
Crude oil just plunged from over $ 20 / barrel down to - $ 37 / barrel in a matter of a couple of hours .
This means oil companies must now pay others to haul away their oil .
The economic ramifications of this truly can not be overstated .
This could be a “ global extinction ” scale event when it comes to western finance and the debt-based banking infrastructure which has enormous exposure to oil derivatives and commodities leverage .
The first wave of impacts @ @ @ @ @ @ @ unemployment across the energy sector , strongly affecting states like Texas , which derives a very large portion of its revenues from the energy sector .
Next , the wave of economic destruction will ripple through the financial sector in the days ahead , shredding anyone who had placed bets ( derivatives , options , etc . )
that counted on oil staying over $ 20 / barrel .
Expect to see a large number of trading firms , hedge funds and institutional investors suffer extraordinary losses that no mathematical model could have @ @ @ @ @ @ @ black swan ” event that financial models never anticipate . )
But it won ’ t stop there .
There is significant counter-party risk in the oil finance sector , and with a price plunge this radical , counter-parties that are required to pay up on the losing side of the market bets are going to be annihilated .
Many will implode into bankruptcy this week .
The counter-party failures may set into motion a cascading domino-effect of financial collapse which could ensnare banks and other large financial institutions , eventually setting off @ @ @ @ @ @ @ of other failures which might snowball into an unfathomable systemic collapse of financial institutions .
This is especially true if another major blow to the global financial system hits this week , such as China announcing a selloff of U.S. Treasury debt ( or someone announcing a new gold-backed currency ) .
Because the risk of all that is very real , we expect President Trump to take aggressive , emergency actions to try to halt the financial collapse contagion and artificially prop up oil prices .
The array of actions that the @ @ @ @ @ @ @ these are not predictions , but options of different scenarios ) Government price controls on oil .
Very high tariffs on imported oil in order to maintain a minimum of $ 20 / barrel .
Possible nationalization of the oil industry so that financial risk is transferred to the government itself .
( And why not , since the entire U.S. economy has now been taken over by the Fed in a Soviety-style economic coup . )
Government leasing of oil tankers to sit off shore and store oil as a way to @ @ @ @ @ @ @ All of these efforts will fail to contain the damage for the simple reason that demand for oil has fallen through the floor due to the economic collapse associated with the coronavirus lockdowns .
And this demand isn ’ t coming back any time soon .
However , emergency actions may be able to contain the spread of this disaster to financial institutions , and we expect the bailout bubble boys in Washington D.C. to do everything necessary to protect the banks .
If not quickly reversed , this will wipe out a @ @ @ @ @ @ @ in North America This plunge into negative prices for oil is already unleashing an exponential wave of bankruptcies and financial fractures across America ’ s financial landscape .
If prices stay at anything under $ 20 / barrel for very long , a significant portion of North America ’ s oil producing infrastructure will be annihilated beyond recovery .
The oil field equipment will be sold off , the employees who are fired will scatter and find other work , and the investors will be found dead after leaping off tall buildings .
@ @ @ @ @ @ @ ’ t just jolt the oil infrastructure back to life .
Once complex oil field operations have been shuttered , resuscitation is impossible and you have to start the project over from scratch .
That ’ s why we believe these price fluctuations are part of a global economic war against the United States of America being waged by strategic enemies such as Russia .
Even Saudi Arabia , a US ally , has strong economic reasons to crush the North American oil production infrastructure so it can corner a large part of @ @ @ @ @ @ @ Once North American oil production capacity has been crushed , the surviving oil producers will acquire increased market share as the post-coronavirus economic gets back on track , resulting in long-term oil shortages which will produce extremely high prices ( and profits ) for those nation states which can survive this financial extinction event .
In the long run oil will skyrocket and this event will be highly inflationary , not deflationary The long-term upshot of all this will be highly inflationary , with oil heading over $ 150 / barrel at some @ @ @ @ @ @ @ back .
Gasoline at the pump will be headed toward $ 5 / gallon , and the profits from this squeeze will flow into Russia , Saudi Arabia and perhaps nations like Venezuela and Ecuador , where oil deposits are enormous ( and largely controlled after by communist China ) .
Gold mining is also about to surge into new profitability , since between 20-30 % of gold mining operations costs are oil .
Any gold mining company that can still function will reap huge profits , especially as gold demand continues to @ @ @ @ @ @ @ this , the USA may end up seeing a very large portion of its domestic oil production capacity destroyed , which would be horrific for national security , as the nation would need to depend on oil imports for the foreseeable future , making America highly vulnerable to threats and price gouging from oil-producing nations .
This helps explain why the USA has been so fervently working to overthrow the socialist leader of Venezuela .
It ’ s about getting our hands on that nation ’ s oil production as well as the @ @ @ @ @ @ @ Venezuela commands .
The risk of global warfare just leaped higher today , as geopolitical and economic tensions are now at a feverish level .
Anything could break wipe open at any moment… and yes , China did release the bioengineered Wuhan coronavirus as a weapon system against the West .
It was just phase one in their attack against the West , as J.R. Nyquist explains : This entry was posted on Monday , April 20th , 2020 at 11:54 pm and is filed under Economics , God Help Us , Oil @ @ @ @ @ @ @ responses to this entry through the RSS 2.0 feed .

by: Mike Adams
NaturalNews.com
Monday, April 20, 2020
Something happened today that will never happen again in your lifetime. Crude oil just plunged from over $20 / barrel down to -$37 / barrel in a matter of a couple of hours. This means oil companies must now pay others to haul away their oil.
The economic ramifications of this truly cannot be overstated. This could be a “global extinction” scale event when it comes to western finance and the debt-based banking infrastructure which has enormous exposure to oil derivatives and commodities leverage.
The first wave of impacts from this will be mass bankruptcies and unemployment across the energy sector, strongly affecting states like Texas, which derives a very large portion of its revenues from the energy sector.
Next, the wave of economic destruction will ripple through the financial sector in the days ahead, shredding anyone who had placed bets (derivatives, options, etc.) that counted on oil staying over $20 / barrel. Expect to see a large number of trading firms, hedge funds and institutional investors suffer extraordinary losses that no mathematical model could have predicted. (Today is another “black swan” event that financial models never anticipate.)
But it won’t stop there. There is significant counter-party risk in the oil finance sector, and with a price plunge this radical, counter-parties that are required to pay up on the losing side of the market bets are going to be annihilated. Many will implode into bankruptcy this week.
The counter-party failures may set into motion a cascading domino-effect of financial collapse which could ensnare banks and other large financial institutions, eventually setting off a “contagion” of exponential spread of other failures which might snowball into an unfathomable systemic collapse of financial institutions. This is especially true if another major blow to the global financial system hits this week, such as China announcing a selloff of U.S. Treasury debt (or someone announcing a new gold-backed currency).
Because the risk of all that is very real, we expect President Trump to take aggressive, emergency actions to try to halt the financial collapse contagion and artificially prop up oil prices. The array of actions that the U.S. government might take include: (these are not predictions, but options of different scenarios)
Government price controls on oil.
Very high tariffs on imported oil in order to maintain a minimum of $20 / barrel.
Possible nationalization of the oil industry so that financial risk is transferred to the government itself. (And why not, since the entire U.S. economy has now been taken over by the Fed in a Soviety-style economic coup.)
Government leasing of oil tankers to sit off shore and store oil as a way to try to prop up oil prices.
All of these efforts will fail to contain the damage for the simple reason that demand for oil has fallen through the floor due to the economic collapse associated with the coronavirus lockdowns. And this demand isn’t coming back any time soon. However, emergency actions may be able to contain the spread of this disaster to financial institutions, and we expect the bailout bubble boys in Washington D.C. to do everything necessary to protect the banks.
If not quickly reversed, this will wipe out a significant portion of the oil production infrastructure in North America
This plunge into negative prices for oil is already unleashing an exponential wave of bankruptcies and financial fractures across America’s financial landscape. If prices stay at anything under $20 / barrel for very long, a significant portion of North America’s oil producing infrastructure will be annihilated beyond recovery.
The oil field equipment will be sold off, the employees who are fired will scatter and find other work, and the investors will be found dead after leaping off tall buildings. Beyond a certain point, you can’t just jolt the oil infrastructure back to life. Once complex oil field operations have been shuttered, resuscitation is impossible and you have to start the project over from scratch.
That’s why we believe these price fluctuations are part of a global economic war against the United States of America being waged by strategic enemies such as Russia. Even Saudi Arabia, a US ally, has strong economic reasons to crush the North American oil production infrastructure so it can corner a large part of the future market for high-priced oil.
Once North American oil production capacity has been crushed, the surviving oil producers will acquire increased market share as the post-coronavirus economic gets back on track, resulting in long-term oil shortages which will produce extremely high prices (and profits) for those nation states which can survive this financial extinction event.
In the long run oil will skyrocket and this event will be highly inflationary, not deflationary
The long-term upshot of all this will be highly inflationary, with oil heading over $150 / barrel at some future date as the post-coronavirus economy surges back. Gasoline at the pump will be headed toward $5 / gallon, and the profits from this squeeze will flow into Russia, Saudi Arabia and perhaps nations like Venezuela and Ecuador, where oil deposits are enormous (and largely controlled after by communist China).
Gold mining is also about to surge into new profitability, since between 20-30% of gold mining operations costs are oil. Any gold mining company that can still function will reap huge profits, especially as gold demand continues to soar.
Depending on how Trump handles this, the USA may end up seeing a very large portion of its domestic oil production capacity destroyed, which would be horrific for national security, as the nation would need to depend on oil imports for the foreseeable future, making America highly vulnerable to threats and price gouging from oil-producing nations. This helps explain why the USA has been so fervently working to overthrow the socialist leader of Venezuela. It’s about getting our hands on that nation’s oil production as well as the precious metals and rare earth minerals that Venezuela commands.
The risk of global warfare just leaped higher today, as geopolitical and economic tensions are now at a feverish level. Anything could break wipe open at any moment… and yes, China did release the bioengineered Wuhan coronavirus as a weapon system against the West. It was just phase one in their attack against the West, as J.R. Nyquist explains:


revolutionradio--2020-04-21--Trump Temporarily Suspends All Immigration Into The United States

In a stunning turn of events , late on Monday , president Trump tweeted that “ In light of the @ @ @ @ @ , as well as the need to protect the jobs of our GREAT American Citizens @ @ @ @ @ an Executive Order to temporarily suspend immigration into the United States !
” Trump did @ @ @ @ @ as the time frame or the scope of who would be affected .
As some @ @ @ @ @ decision to escalate the US response to the coronacrisis is at odds with his desire @ @ @ @ @ country : And while we wait for more details , we wonder if this executive @ @ @ @ @ Trump canceling the November elections .
This entry was posted on Monday , April 20th @ @ @ @ @ and is filed under Survival .
You can follow any responses to this entry through @ @ @ @ @

by Tyler Durden
ZeroHedge.com
Mon, 04/20/2020
In a stunning turn of events, late on Monday, president Trump tweeted that “In light of the attack from the Invisible Enemy, as well as the need to protect the jobs of our GREAT American Citizens, I will be signing an Executive Order to temporarily suspend immigration into the United States!”
In light of the attack from the Invisible Enemy, as well as the need to protect the jobs of our GREAT American Citizens, I will be signing an Executive Order to temporarily suspend immigration into the United States! — Donald J. Trump (@realDonaldTrump) April 21, 2020
Trump did not offer specifics, such as the time frame or the scope of who would be affected.
As some noted, Trump’s decision to escalate the US response to the coronacrisis is at odds with his desire to rush in reopening the country:
Trump, who says the country is ready to begin reopening, says the crisis is so bad that he is signing an order to "temporarily suspend immigration into the United States!" — Peter Baker (@peterbakernyt) April 21, 2020
And while we wait for more details, we wonder if this executive order will be followed by Trump canceling the November elections.


revolutionradio--2020-04-21--The Undeniable Statististics Which Clearly Exposes America’s Descent Into Third World Status

Once upon a time , under a populist President , the economy was soaring .
In fact , on December 6 , 2019 , the VERY liberal and anti-Trump media outlet , CNBC , published the following economic statistics : Nonfarm payrolls surged by 266,000 in November , better than the 187,000 expected by economists polled by Dow Jones .
The unemployment rate ticked down to 3.5 % from 3.6 % , back to the 2019 low and matching the lowest jobless rate since 1969 .
The end of the GM strike had a big effect , boosting employment in @ @ @ @ @ @ @ part of an overall 54,000 gain in manufacturing .
Average hourly earnings rose by 3.1 % from a year ago , slightly above the 3 % expected by economists polled by Dow Jones .
With this populist President racing for re-election in the midst of record economic gains , America ’ s future was bright and its best days would soon be realized as the populist President was on the verge of serving the people for 4 more years .
Then the bottom fell out and economic destruction struck in the form of @ @ @ @ @ @ @ ’ t just a virus , it was a nation of sheep that mindlessly accepted the edicts of organization that was dedicated to the demise of all nation-states and the implementation of a New World Order following an econmic , societal and yes , even a military collapse .
This article takes a critical look at the numbers that underlies our present dilemma .
The numbers will show that this nation is in free-fall and it is very likely that we will never be the same again .
Today , America is shut @ @ @ @ @ @ @ .
A total of 313 million people , as of April 21 , 2020 , are in a perpetual state of lockdown .
This number represents 95 % of the population of the United States .
In the last 30 days , 22 million Americans have applied for unemployment .
the Department of Labor tells us that there are approximately 157 million employed Americans .
However , the number is deceptive .
Even if a person only works one hour , they are counted by the government as being employed .
Even when @ @ @ @ @ @ @ the unemployment rate in America , as judged by unemployment claims , reached a 14 % level of unemployment in the last report .
However , when we look at the actual number of full-time employees in America , prior to CV-19 , the number of full-time employees was 110 million workers .
Subsequently , the adjusted unemployment rate is 20 % .
This number approaches the highest rates recorded in the Great Depression .
Statistics can be deceiving , America did not go into full mandatory lockdown until March 13 , 2020 @ @ @ @ @ @ @ he declared a state of national emergency .
Therefore , the unemployment numbers had only half of a month to register the effect .
Can one imagine , that with 95 % of the country in lockdown what the real unemployment numbers really are ?
From March 1 to March 30 , 2020 , the unemployment numbers among full-time employees went up from 3.6 % to 20 % .
Can one imagine what the rate will be by the end of April ?
This entry was posted on Tuesday , April 21st , @ @ @ @ @ @ @ under Economics , God Help Us , Government Evil , New World Order .
You can follow any responses to this entry through the RSS 2.0 feed .

by Dave Hodges
TheCommonSenseShow.com
Tuesday, April 21, 2020
Once upon a time, under a populist President, the economy was soaring. In fact, on December 6, 2019, the VERY liberal and anti-Trump media outlet, CNBC, published the following economic statistics:
Nonfarm payrolls surged by 266,000 in November, better than the 187,000 expected by economists polled by Dow Jones.
The unemployment rate ticked down to 3.5% from 3.6%, back to the 2019 low and matching the lowest jobless rate since 1969.
The end of the GM strike had a big effect, boosting employment in motor vehicles and parts by 41,300, part of an overall 54,000 gain in manufacturing.
Average hourly earnings rose by 3.1% from a year ago, slightly above the 3% expected by economists polled by Dow Jones.
With this populist President racing for re-election in the midst of record economic gains, America’s future was bright and its best days would soon be realized as the populist President was on the verge of serving the people for 4 more years. Then the bottom fell out and economic destruction struck in the form of a virus. No, it wasn’t just a virus, it was a nation of sheep that mindlessly accepted the edicts of organization that was dedicated to the demise of all nation-states and the implementation of a New World Order following an econmic, societal and yes, even a military collapse.
This article takes a critical look at the numbers that underlies our present dilemma. The numbers will show that this nation is in free-fall and it is very likely that we will never be the same again.
Today, America is shut down, we are closed for business. A total of 313 million people, as of April 21, 2020, are in a perpetual state of lockdown. This number represents 95% of the population of the United States.
In the last 30 days, 22 million Americans have applied for unemployment. the Department of Labor tells us that there are approximately 157 million employed Americans. However, the number is deceptive. Even if a person only works one hour, they are counted by the government as being employed. Even when we use this very flawed statistic, the unemployment rate in America, as judged by unemployment claims, reached a 14% level of unemployment in the last report. However, when we look at the actual number of full-time employees in America, prior to CV-19, the number of full-time employees was 110 million workers. Subsequently, the adjusted unemployment rate is 20%. This number approaches the highest rates recorded in the Great Depression. Statistics can be deceiving, America did not go into full mandatory lockdown until March 13, 2020, with a declaration by Trump when he declared a state of national emergency. Therefore, the unemployment numbers had only half of a month to register the effect. Can one imagine, that with 95% of the country in lockdown what the real unemployment numbers really are?
From March 1 to March 30, 2020, the unemployment numbers among full-time employees went up from 3.6% to 20%. Can one imagine what the rate will be by the end of April?
The Rest…HERE


revolutionradio--2020-04-21--Missouri Sues China, Wuhan Lab Over COVID; Says ‘Deceit, Malfeasance, And Inaction Unleashed This Pa

Missouri Sues China, Wuhan Lab Over COVID; Says ‘Deceit, Malfeasance, And Inaction Unleashed This Pandemic’

The state of Missouri became the first in the nation to file a lawsuit against China over their role in the coronavirus pandemic .
Also named in the suit are the Communist Party of China , the government of Wuhan City , and the Wuhan Institute of Virology , along with the Chinese Academy of Sciences .
Filed on Tuesday in the Eastern District of Missouri , Missouri Attorney General Eric Schmitt accuses China of knowing that “ COVID-19 was dangerous and capable of causing a pandemic , yet slowly acted , proverbially put their head in the sand , @ @ @ @ @ @ @ economic self-interest , ” according to Fox News .
During the critical weeks of the initial outbreak , Chinese authorities deceived the public , suppressed crucial information , arrested whistleblowers , denied human-to-human transmission in the face of mounting evidence , destroyed critical medical research , permitted millions of people to be exposed to the virus , and even hoarded personal protective equipment—thus causing a global pandemic that was unnecessary and preventable .
-State of Missouri v. The People ’ s Republic of China et al .
According to the complaint , the @ @ @ @ @ @ @ death , suffering , and economic losses they inflicted on the world , ” and “ should be held accountable.
” “ When their actions began to kill hundreds of thousands of people across the globe , Defendants sought to minimize the consequences , engaging in a coverup and misleading public relations campaign by censoring scientists , ordering the destruction and suppression of valuable research , and refusing cooperation with the global community , all in violation of international health standards , ” the complaint continues .
Missouri cites a Fox News report @ @ @ @ @ @ @ a full-scale investigation into whether the novel coronavirus , which went on to morph into a global pandemic that has brought the global economy to its knees , escaped from ” the Wuhan Institute of Virology ( WIV ) .
The complaint also notes that an emerging theory states that WIV was “ studying the virus as part of a commercial activity.
” This entry was posted on Tuesday , April 21st , 2020 at 3:12 pm and is filed under BioWeapon , China , Conspiracy , Corruption , Pandemic .
You can @ @ @ @ @ @ @ the RSS 2.0 feed .

by Tyler Durden
ZeroHedge.com
Tue, 04/21/2020
The state of Missouri became the first in the nation to file a lawsuit against China over their role in the coronavirus pandemic. Also named in the suit are the Communist Party of China, the government of Wuhan City, and the Wuhan Institute of Virology, along with the Chinese Academy of Sciences.
Filed on Tuesday in the Eastern District of Missouri, Missouri Attorney General Eric Schmitt accuses China of knowing that “COVID-19 was dangerous and capable of causing a pandemic, yet slowly acted, proverbially put their head in the sand, and/or covered it up in their own economic self-interest,” according to Fox News.
During the critical weeks of the initial outbreak, Chinese authorities deceived the public, suppressed crucial information, arrested whistleblowers, denied human-to-human transmission in the face of mounting evidence, destroyed critical medical research, permitted millions of people to be exposed to the virus, and even hoarded personal protective equipment—thus causing a global pandemic that was unnecessary and preventable. -State of Missouri v. The People’s Republic of China et al.
According to the complaint, the defendants are responsible “for the enormous death, suffering, and economic losses they inflicted on the world,” and “should be held accountable.”
“When their actions began to kill hundreds of thousands of people across the globe, Defendants sought to minimize the consequences, engaging in a coverup and misleading public relations campaign by censoring scientists, ordering the destruction and suppression of valuable research, and refusing cooperation with the global community, all in violation of international health standards,” the complaint continues.
Missouri cites a Fox News report that the US is currently conducting “a full-scale investigation into whether the novel coronavirus, which went on to morph into a global pandemic that has brought the global economy to its knees, escaped from” the Wuhan Institute of Virology (WIV). The complaint also notes that an emerging theory states that WIV was “studying the virus as part of a commercial activity.”
The Rest…HERE


revolutionradio--2020-04-21--Liquor stores & gun shops open for business, but churches closed. Why are US governors trashing the

Liquor stores & gun shops open for business, but churches closed. Why are US governors trashing the First Amendment?

At a time when Americans could use some spiritual support to see them through the coronavirus pandemic , states have banned worshipers from assembling under a single roof .
How quickly US politicians forget about the Constitution .
Let ’ s start by stating the obvious : Yes , there are potential risks involved in allowing people to assemble in churches , mosques and synagogues at a time when a viral pandemic is sweeping the planet .
And yes , nobody wants to be responsible for spreading a deadly disease .
That said , it seems that downgrading church attendance @ @ @ @ @ @ @ many businesses remain open , is not only over-the-top and hypocritical , but also a slap in the face to believers .
Just last week , a group of pastors , prohibited from congregating for Easter , the holiest day of the year for Christians , filed charges against California Governor Gavin Newsom for “ criminalizing ” church gatherings .
Lawyers for the group argued that if the residents of America ’ s most populous state are permitted to shop at “ Costco or the local marijuana shop or liquor store , ” @ @ @ @ @ @ @ houses of worship as well .
It would be very difficult to argue with that line of reasoning .
Shouldn ’ t churchgoers be trusted to follow the social distancing guidelines just like everyone else ?
After all , just because they might believe in an afterlife , it doesn ’ t necessarily mean they are in a hurry to get there .
On the other side of the country , New Jersey Governor Phil Murphy said in an interview with Tucker Carlson that “ I wasn ’ t thinking of the Bill @ @ @ @ @ @ @ shutdown of churches ] … People have to stay away from each other.
” Then , in a rather pathetic effort to distance himself from the unpopular crackdown , Murphy said that decisions on such issues were “ above my pay grade.
” This begs the question : whatever happened to the rule that calls for the “ separation of church and state ?
” Or is that only relevant when it comes to the church attempting to infringe upon the government , and not the other way around ?
This entry was @ @ @ @ @ @ @ 2020 at 3:03 pm and is filed under Government Evil , Police State , Religion .
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Robert Bridge
RT.com
21 Apr, 2020
At a time when Americans could use some spiritual support to see them through the coronavirus pandemic, states have banned worshipers from assembling under a single roof. How quickly US politicians forget about the Constitution.
Let’s start by stating the obvious: Yes, there are potential risks involved in allowing people to assemble in churches, mosques and synagogues at a time when a viral pandemic is sweeping the planet. And yes, nobody wants to be responsible for spreading a deadly disease. That said, it seems that downgrading church attendance to ‘non-essential’ status, while many businesses remain open, is not only over-the-top and hypocritical, but also a slap in the face to believers.
Just last week, a group of pastors, prohibited from congregating for Easter, the holiest day of the year for Christians, filed charges against California Governor Gavin Newsom for “criminalizing” church gatherings. Lawyers for the group argued that if the residents of America’s most populous state are permitted to shop at “Costco or the local marijuana shop or liquor store,” then the same rule should apply to houses of worship as well. It would be very difficult to argue with that line of reasoning. Shouldn’t churchgoers be trusted to follow the social distancing guidelines just like everyone else? After all, just because they might believe in an afterlife, it doesn’t necessarily mean they are in a hurry to get there.
Real question: Why can restaurant employees bring food to my car window but pastors not bring communion to my car window? — Joy Pullmann (@JoyPullmann) April 16, 2020
On the other side of the country, New Jersey Governor Phil Murphy said in an interview with Tucker Carlson that “I wasn’t thinking of the Bill of Rights when we [ordered the shutdown of churches] … People have to stay away from each other.” Then, in a rather pathetic effort to distance himself from the unpopular crackdown, Murphy said that decisions on such issues were “above my pay grade.” This begs the question: whatever happened to the rule that calls for the “separation of church and state?” Or is that only relevant when it comes to the church attempting to infringe upon the government, and not the other way around?
The Rest…HERE


revolutionradio--2020-04-21--Death of US retail was a long time coming and coronavirus was just final nail in coffin, ex-Fed insi

Death of US retail was a long time coming and coronavirus was just final nail in coffin, ex-Fed insider tells Boom Bust

The coronavirus lockdown has caused most US department stores to shut , threatening their survival .
But even without the impact of virus , many retailers would still eventually have collapsed , a former Fed insider believes .
No one knows how long the closures will last , given the still-rising number of deaths from Covid-19 in the US , and retailers have been dealt a painful blow by the crisis .
Neiman Marcus , a chain of luxury department stores , is reportedly set to file for bankruptcy protection later this week , having missed recent debt repayments .
@ @ @ @ @ @ @ you would throw on a fire , ” Danielle DiMartino Booth told RT ’ s Boom Bust , adding that the troubles of the retail sector are a real blow , because it ’ s the nation ’ s largest employer .
“ We knew that Neiman Marcus would be the first one to declare bankruptcy , if there was any kind of red swan or , even worse , black swan event , ” she said .
“ Some of these retail deaths had been a long time coming , ” she @ @ @ @ @ @ @ other major retailers just chose the wrong strategy , trying to close a number of stores instead of “ rightsizing ” the company to real demand level .
This entry was posted on Tuesday , April 21st , 2020 at 2:59 pm and is filed under BioWeapon , Economics .
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RT.com
21 Apr, 2020
The coronavirus lockdown has caused most US department stores to shut, threatening their survival. But even without the impact of virus, many retailers would still eventually have collapsed, a former Fed insider believes.
No one knows how long the closures will last, given the still-rising number of deaths from Covid-19 in the US, and retailers have been dealt a painful blow by the crisis. Neiman Marcus, a chain of luxury department stores, is reportedly set to file for bankruptcy protection later this week, having missed recent debt repayments.
“Coronavirus has acted like an accelerant you would throw on a fire,” Danielle DiMartino Booth told RT’s Boom Bust, adding that the troubles of the retail sector are a real blow, because it’s the nation’s largest employer. “We knew that Neiman Marcus would be the first one to declare bankruptcy, if there was any kind of red swan or, even worse, black swan event,” she said.
“Some of these retail deaths had been a long time coming,” she added. DiMartino Booth explained that many other major retailers just chose the wrong strategy, trying to close a number of stores instead of “rightsizing” the company to real demand level.


revolutionradio--2020-04-21--OOKLA 5G Interactive Map Provides Locations of Communities Being Fried for Faster Internet

People and their pets have been getting sick where 5G has been turned on since 2018 ( see 1 .
@ @ @ @ @ ) .
Few have even signed up for it where it ’ s been installed @ @ @ @ @ t stopped deployment .
In fact , proponents are using the pandemic as an excuse @ @ @ @ @ How sick is that ?
Thanks to OOKLA for providing this map so at least @ @ @ @ @ find out what hit them ( see 1 , 2 , 3 , 4 ) @ @ @ @ @ entry was posted on Tuesday , April 21st , 2020 at 2:54 pm and is @ @ @ @ @ , Government Evil , Health , New World Order , Population Control , Technology .
@ @ @ @ @ to this entry through the RSS 2.0 feed .

By B.N. Frank
ActivistPost.com
APRIL 21, 2020
People and their pets have been getting sick where 5G has been turned on since 2018 (see 1. 2, 3, 4). Few have even signed up for it where it’s been installed. That still hasn’t stopped deployment. In fact, proponents are using the pandemic as an excuse to speed up installation. How sick is that?
Thanks to OOKLA for providing this map so at least people have the opportunity to find out what hit them (see 1, 2, 3, 4) and/or their pets.
The Rest…HERE


revolutionradio--2020-04-21--Farage on Coronavirus Policing: Liberties Have been Surrendered, But Getting Freedoms Back May Take

Farage on Coronavirus Policing: Liberties Have been Surrendered, But Getting Freedoms Back May Take Years

The peoples of Western nations were quick to surrender their hard-won liberties to national governments in the early days of the coronavirus panic , but it may take years or decades to get them back , ‘ Mr Brexit ’ Nigel Farage has said .
Speaking to Breitbart News Network editor-in-chief Alex Marlow on the Breitbart News Daily show on Sirius XM Patriot , Brexit Party leader Nigel Farage told listeners of his serious concerns about the way the British public “ under virtual house arrest ” were being policed during the coronavirus lockdown , remarking that forces were becoming @ @ @ @ @ @ @ But most concerning , the Brexit pioneer said , was how the police ’ s theoretically temporary powers had been codified into law and could be retained long-term on flimsy pretexts .
This , Mr Farage said , would be seriously detrimental to the British people .
Mr Farage said : “ In times of crisis , governments take more power and citizens generally quite freely allow them to… The biggest ever expansion of the British government was in World War Two when the government had almost total power .
In six months @ @ @ @ @ @ @ for renewal , I can already see the argument being made : ‘ ah , but we mustn ’ t take these powers away from the authorities in case we have another outbreak.
’ That ’ s the problem.
” Noting that it was very easy and even reassuring to flock to the power of the state in times of crisis , this would be a course of action citizens with suddenly limited liberty could learn to repent later .
Mr Farage continued : “ Surrendering power to the state happens very quickly @ @ @ @ @ @ @ .
Getting back those liberties and freedoms tends to be a battle that goes on for years or decades , so I am very worried about it.
” While it was important to get back to normality as soon as possible , it was important to do so wisely , and for now social distancing — although perhaps not necessarily enforced by an over-enthusiastic police force — remained important .
Citing European nation Austria as a source of inspiration , Mr Farage said : “ Social distancing rules make sense… But I do @ @ @ @ @ @ @ allow some resumption of economic life without taking stupid risks .
“ For example Austria… They started to ease last Tuesday .
They are beginning to allow non-essential shops and businesses to open , but everyone has got to keep six feet away from each other and everybody has got to wear a face mask , and that ’ s the way we ’ ve got to start to move forwards.
” Ending the lockdown in good time was important , Mr Farage said , but more important was that the cure did @ @ @ @ @ @ @ The remarks come as part of a new post-Brexit campaign for Mr Farage , having long argued against Britain ’ s membership of the European Union on a basis of fundamental liberties , and now expressing concern that the British state itself is becoming increasingly illiberal .
Speaking earlier in April , Mr Farage said when looking at the growing “ police state ” engendered by the coronavirus lockdown that he had found his “ next campaign ” , and that he would be agitating against the police ’ s newfound powers being @ @ @ @ @ @ @ London reported his remarks at the time when he said : “ Yes , I do want to fight this horrible disease .
Indeed , I was one of the first people to condemn publicly the Government ’ s herd immunity strategy .
“ But I do not want to live under a house detention regime or for this country to be remoulded into a police state… I can envisage the argument being advanced by the police that many of their powers must be retained in case another pandemic strikes.
” Mr Farage @ @ @ @ @ @ @ eminent British jurist Lord Sumption , who recently retired from the UK ’ s Supreme Court .
Expressing his own concerns in comments to the state broadcaster the BBC in March , he criticised the behaviour of some forces , remarking : “ This is what a police state is like — it is a state in which the government can issue orders or express preferences with no legal authority , and the police enforce minister ’ s wishes.
” This entry was posted on Tuesday , April 21st , 2020 at 2:44 @ @ @ @ @ @ @ , Police State .
You can follow any responses to this entry through the RSS 2.0 feed .

by OLIVER JJ LANE
BREITBART.COM
21 Apr 2020
The peoples of Western nations were quick to surrender their hard-won liberties to national governments in the early days of the coronavirus panic, but it may take years or decades to get them back, ‘Mr Brexit’ Nigel Farage has said.
Speaking to Breitbart News Network editor-in-chief Alex Marlow on the Breitbart News Daily show on Sirius XM Patriot, Brexit Party leader Nigel Farage told listeners of his serious concerns about the way the British public “under virtual house arrest” were being policed during the coronavirus lockdown, remarking that forces were becoming a “rule unto themselves”.
But most concerning, the Brexit pioneer said, was how the police’s theoretically temporary powers had been codified into law and could be retained long-term on flimsy pretexts. This, Mr Farage said, would be seriously detrimental to the British people.
Mr Farage said: “In times of crisis, governments take more power and citizens generally quite freely allow them to… The biggest ever expansion of the British government was in World War Two when the government had almost total power. In six months’ time when that legislation comes up for renewal, I can already see the argument being made: ‘ah, but we mustn’t take these powers away from the authorities in case we have another outbreak.’ That’s the problem.”
Noting that it was very easy and even reassuring to flock to the power of the state in times of crisis, this would be a course of action citizens with suddenly limited liberty could learn to repent later. Mr Farage continued: “Surrendering power to the state happens very quickly. It happens in times of crisis. Getting back those liberties and freedoms tends to be a battle that goes on for years or decades, so I am very worried about it.”
While it was important to get back to normality as soon as possible, it was important to do so wisely, and for now social distancing — although perhaps not necessarily enforced by an over-enthusiastic police force — remained important.
Citing European nation Austria as a source of inspiration, Mr Farage said: “Social distancing rules make sense… But I do think we have to find ways to allow some resumption of economic life without taking stupid risks.
“For example Austria… They started to ease last Tuesday. They are beginning to allow non-essential shops and businesses to open, but everyone has got to keep six feet away from each other and everybody has got to wear a face mask, and that’s the way we’ve got to start to move forwards.”
Nigel Farage Will Campaign to Quickly Retire ‘Police State’ Coronavirus Powers https://t.co/2tTqMp3O1e — Breitbart London (@BreitbartLondon) April 15, 2020
Ending the lockdown in good time was important, Mr Farage said, but more important was that the cure did not become worse than the disease.
The remarks come as part of a new post-Brexit campaign for Mr Farage, having long argued against Britain’s membership of the European Union on a basis of fundamental liberties, and now expressing concern that the British state itself is becoming increasingly illiberal.
Speaking earlier in April, Mr Farage said when looking at the growing “police state” engendered by the coronavirus lockdown that he had found his “next campaign”, and that he would be agitating against the police’s newfound powers being retained in the long run. Breitbart London reported his remarks at the time when he said: “Yes, I do want to fight this horrible disease. Indeed, I was one of the first people to condemn publicly the Government’s herd immunity strategy.
“But I do not want to live under a house detention regime or for this country to be remoulded into a police state… I can envisage the argument being advanced by the police that many of their powers must be retained in case another pandemic strikes.”
Mr Farage’s own remarks followed others by eminent British jurist Lord Sumption, who recently retired from the UK’s Supreme Court. Expressing his own concerns in comments to the state broadcaster the BBC in March, he criticised the behaviour of some forces, remarking: “This is what a police state is like — it is a state in which the government can issue orders or express preferences with no legal authority, and the police enforce minister’s wishes.”
‘This is What a Police State is Like’: Ex-Supreme Court Justice Sounds Alarm on Lock down Overreach https://t.co/tbiGTlT5TR — Breitbart London (@BreitbartLondon) April 1, 2020


revolutionradio--2020-04-21--“Yesterday Was Scary, Today Is A Lot More Scary”: Black Gold Bloodbath As ‘Paper’ Oil Plunges Everyw

“Yesterday Was Scary, Today Is A Lot More Scary”: Black Gold Bloodbath As ‘Paper’ Oil Plunges Everywhere

Forget Turnaround Tuesday .
Oil is a “ dangerous market to trade in right now , ” said Pierre Andurand , founder of Andurand Capital Management LLP , in a Bloomberg TV interview .
The market needs shutins to happen now , he said .
“ This has changed everything , ” said Monica Malik , chief economist at Abu Dhabi Commercial Bank .
“ So much of the recent recovery was based on the fact that the oil price had been above $ 50- $ 60 , providing support to economic activity , and that ’ s just been @ @ @ @ @ @ @ psychologically very important , ” said Eugen Weinberg , Commerzbank AG ’ s head of commodity research .
“ There is a possibility it will change perceptions forever.
” The best summary of today ’ s chaos came from Bloomberg energy reporter Javier Blas who put it simply : “ Yesterday was scary .
Today is a lot more scary .
The whole oil market is screaming oversupply simultaneously .
June WTI , which four weeks away from expiry , just touched $ 6.5 a barrel .
The market is going to force @ @ @ @ @ @ @ June , but immediately.
” Update ( 1345ET ) : Here we go again .
June WTI is now crashing – trading below $ 7 – down over 65 % on the day… And July is crashing , down over 30 % , below $ 18… Remember the settle occurs at 1430ET ( and the expiry of the May contract ) … and the prompt spread ( May-June ) has surged back to zero… USO is also testing pre-market lows as retail and the roll panic out… “ A lot of retailer investors @ @ @ @ @ @ @ they are losing money hand over fist , ” Tariq Zahir , commodity fund manager at New York-based Tyche Capital Advisors LLC said .
“ It ’ s undeniable that the USO is having a having a very big effect on the June contract and it wouldn ’ t be surprising if we go substantially lower.
” This entry was posted on Tuesday , April 21st , 2020 at 2:32 pm and is filed under Economics , Oil .
You can follow any responses to this entry through the RSS 2.0 feed .

by Tyler Durden
ZeroHedge.com
Tue, 04/21/2020
Forget Turnaround Tuesday. Oil is a “dangerous market to trade in right now,” said Pierre Andurand, founder of Andurand Capital Management LLP, in a Bloomberg TV interview. The market needs shutins to happen now, he said.
“This has changed everything,” said Monica Malik, chief economist at Abu Dhabi Commercial Bank.
“So much of the recent recovery was based on the fact that the oil price had been above $50-$60, providing support to economic activity, and that’s just been decimated.”
This “price slump was psychologically very important,” said Eugen Weinberg, Commerzbank AG’s head of commodity research.
“There is a possibility it will change perceptions forever.”
The best summary of today’s chaos came from Bloomberg energy reporter Javier Blas who put it simply: “Yesterday was scary. Today is a lot more scary. The whole oil market is screaming oversupply simultaneously. June WTI, which four weeks away from expiry, just touched $6.5 a barrel. The market is going to force huge production cuts not in May or June, but immediately.”
Yesterday was scary. Today is a lot more scary. The whole oil market is screaming oversupply simultaneously. June WTI, which four weeks away from expiry, just touched $6.5 a barrel. The market is going to force huge production cuts not in May or June, but immediately | #OOTT — Javier Blas (@JavierBlas) April 21, 2020
* * *
Update (1345ET): Here we go again. June WTI is now crashing – trading below $7 – down over 65% on the day…
And July is crashing, down over 30%, below $18…
Remember the settle occurs at 1430ET (and the expiry of the May contract)… and the prompt spread (May-June) has surged back to zero…
USO is also testing pre-market lows as retail and the roll panic out…
“A lot of retailer investors are looking at it and realizing that they are losing money hand over fist,” Tariq Zahir, commodity fund manager at New York-based Tyche Capital Advisors LLC said.
“It’s undeniable that the USO is having a having a very big effect on the June contract and it wouldn’t be surprising if we go substantially lower.”
* * *


revolutionradio--2020-04-21--Latest CDC COVID-19 Numbers Make the Doom-and-Gloom Cult Look Like Complete Idiots

The CDC recently released coronavirus numbers from February 1 , 2020 to April 18 , 2020 .
With each day @ @ @ @ @ harder for these so-called experts to defend their complete destruction of the American economy .
@ @ @ @ @ 17,229 COVID-19 deaths .
Another 7,676 died from COVID-19 and pneumonia .
During this same @ @ @ @ @ from pneumonia .
And then there is the age gap .
There were 20 deaths @ @ @ @ @ .
That comes out to 0.1 % of all coronavirus deaths .
There were 13,518 @ @ @ @ @ age .
There is no way in hell this justifies the complete destruction of the @ @ @ @ @ is all over the good doctors and garbage IHME researchers will have a lot of @ @ @ @ @ are the numbers via the CDC website : This entry was posted on Tuesday , @ @ @ @ @ 2:21 pm and is filed under Conspiracy , Corruption , Government Evil , Health , @ @ @ @ @ any responses to this entry through the RSS 2.0 feed .

By Jim Hoft
ThegatewayPundit.com
April 21, 2020
The CDC recently released coronavirus numbers from February 1, 2020 to April 18, 2020.
With each day it is getting harder and harder for these so-called experts to defend their complete destruction of the American economy.
Since February there have been 17,229 COVID-19 deaths.
Another 7,676 died from COVID-19 and pneumonia.
During this same time period 49,013 Americans died from pneumonia.
And then there is the age gap.
There were 20 deaths under the age of 25.
That comes out to 0.1% of all coronavirus deaths.
There were 13,518 deaths over 65 years of age.
There is no way in hell this justifies the complete destruction of the US economy.
When this is all over the good doctors and garbage IHME researchers will have a lot of explaining to do!
More from Alex Berenson…
The most recent age-stratified US #COVID death data, per @CDCgov: 3 deaths under 15, 510 deaths under 45 (approximately 190,000,000 Americans are under 45), 4,900 over 85. https://t.co/CFI8jZkpM5 pic.twitter.com/yOMa9Gm1uI — Alex Berenson (@AlexBerenson) April 21, 2020
Here are the numbers via the CDC website: