investmentwatchblog--2020-04-21--Robert Kiyosaki – Get Your Money Out of the Bank – Prepare for What is Coming!

The Banks are in trouble because people are defaulting on their loans .
If people aren ’ t earning as much money as they were when they were working , especially small businesses , they ’ re not paying their loans .
So , the banks are not getting interest payments .
They ’ re getting defaults .
In fact , there was already trouble in the subprime markets before COVID-19 .
Both subprime credit card and auto loan defaults were rising .
That will only increase with millions of people suddenly unemployed .
The Bankers are staring into an @ @ @ @ @ @ @ just doesn ’ t know it is staring into the same abyss .
Even when the economy is ” overheating , ” banks are insolvent by design .
The more insolvent they are , the more they fleece the sheep .
It is all perfectly legal , of course .
Now people are starting to realize that they have been funding compulsive gamblers with unsecured loans at perhaps twenty-five percent interest rate on their bank deposits ( unsecured loans ) .
When you realize that governments have made this all legal and that @ @ @ @ @ @ @ protect the “ taxpayer ” from bank insolvency , do you trust your government to do anything that is for your benefit ?
We are wearing masks , But the banks are robbing us .
The financial sector is the key to the US economy .
They shouldn ’ t be , but they are because we have a bubble economy .
We have an economy based on credit , based on debt .
So , not people spending the money they earned , but spending the money they didn ’ t earn @ @ @ @ @ @ @ clear when you look at the consumer debt numbers .
Americans were already leveraged up to their eyeballs before corona spurred a government lockdown of the economy .
What is at the heart of the bubble , other than the Federal Reserve which is pumping all the blood through the body of the economy , but it ’ s pumping it through the heart of the banking sector .
So , when you see this cardiac arrest in the banking sector , this is a sign that there ’ s trouble brewing here @ @ @ @ @ @ @ trouble.
” The collapse of fake assets was underway well before the fake virus became the imposed subject of 90 % of all communication , and half the planet was put under house arrest .
It directs the anger away from the elitist banksters to some nanoparticle , and the panic-stricken public will welcome the monetary “ reset , ” which , of course , will screw them further .
The Banks ARE the problem .
When you have a credit bubble , when the economy is built on a foundation of debt @ @ @ @ @ @ @ that foundation , you have a big problem , Peter Schiff said recently .
Gold and Silver are money ; everything else is credit and subject to manipulation .
The Fed is doing everything it did during the last financial crisis except way bigger and way sooner .
The Fed printed more money than the UK , and Chinese GDPs put together in the last 50 days alone .
There ’ s a deflation of products .
there ’ s inflation in food .
There ’ s more money floating around .
There @ @ @ @ @ @ @ s no trade .
Money is not real .
The market is not real .
The debt tsunami is rolling in .
The derivatives pit is bottomless .
No amount of bailouts by the public can fill a bottomless Black Hole .
Trump bought them time with his initial bail-out of the FED , but that was all he gave them : a little time .
The Central banks will continue to temporize with massive pumping , Guaranteeing that there be a catastrophic result .
What Is a Bank Run ?
– How @ @ @ @ @ @ @ occurs when a large number of customers of a bank or other financial institution withdraw their deposits simultaneously on fears that the bank will become insolvent .
Bank runs happen when a large number of people start making withdrawals from banks because they fear the institutions will run out of money .
A bank run is typically the result of panic rather than true insolvency .
As more people withdraw their funds , the probability of default increases , prompting more people to withdraw their deposits .
In extreme cases , the bank @ @ @ @ @ @ @ to cover the withdrawals .
With more people withdrawing money , banks will use up their cash reserves and ultimately end up defaulting .
the clients keep the cash or transfer it into other assets , such as government bonds , precious metals or gemstones .
When they transfer funds to another institution , it may be characterized as a capital flight .
As a bank run progresses , it generates its own momentum : as more people withdraw cash , the likelihood of default increases , triggering further withdrawals .
This can @ @ @ @ @ @ @ it runs out of cash and thus faces sudden bankruptcy.To combat a bank run , a bank may limit how much cash each customer may withdraw , suspend withdrawals altogether , or promptly acquire more cash from other banks or from the central bank , besides other measures .
A banking panic or bank panic is a financial crisis that occurs when many banks suffer runs at the same time , as people suddenly try to convert their threatened deposits into cash or try to get out of their domestic banking system altogether @ @ @ @ @ @ @ where all or almost all of the banking capital in a country is wiped out .
The resulting chain of bankruptcies can cause a long economic recession as domestic businesses and consumers are starved of capital as the domestic banking system shuts down.According to former U.S. Federal Reserve chairman Ben Bernanke , the Great Depression was caused by the Federal Reserve System , and much of the economic damage was caused directly by bank runs .
The cost of cleaning up a systemic banking crisis can be huge , with fiscal costs averaging @ @ @ @ @ @ @ losses averaging 20 % of GDP for important crises from 1970 to 2007 .
Several techniques have been used to try to prevent bank runs or mitigate their effects .
They have included a higher reserve requirement ( requiring banks to keep more of their reserves as cash ) , government bailouts of banks , supervision and regulation of commercial banks , the organization of central banks that act as a lender of last resort , the protection of deposit insurance systems such as the U.S. Federal Deposit Insurance Corporation , and after @ @ @ @ @ @ @ suspension of withdrawals .
These techniques do not always work : for example , even with deposit insurance , depositors may still be motivated by beliefs they may lack immediate access to deposits during a bank reorganization .
A bank run triggered by fear that pushes a bank into actual insolvency represents a classic example of a self-fulfilling prophecy .
The bank does risk default , as individuals keeping withdrawing funds .
So what begins as panic can eventually turn into a true default situation .
That ’ s because most banks don @ @ @ @ @ @ @ hand in their branches .
In fact , most institutions have a set limit to how much they can store in their vaults each day .
These limits are set based on need and for security reasons .
The Federal Reserve Bank also sets in-house cash limits for institutions .
The money they do have on the books is used to loan out to others or is invested in different investment vehicles .
Because banks typically keep only a small percentage of deposits as cash on hand , they must increase their cash @ @ @ @ @ @ @ their customers .
One method a bank uses to increase cash on hand is to sell off its assets—sometimes at significantly lower prices than if it did not have to sell quickly .
Losses on the sale of assets at lower prices can cause a bank to become insolvent .
A bank panic occurs when multiple banks endure runs at the same time .
The stock market crash of 1929 precipitated a spate of bank runs across the country , ultimately culminating in the Great Depression .
The succession of bank runs that @ @ @ @ @ @ @ represented a domino effect of sorts , as news of one bank failure spooked customers of nearby banks , prompting them to withdraw their money .
For example , a single bank failure in Nashville led to a host of bank runs across the Southeast .
Other bank runs during the Depression occurred because of rumors started by individual customers .
In December 1930 , a New Yorker who was advised by the Bank of United States against selling a particular stock left the branch and promptly began telling people the bank was @ @ @ @ @ @ @ .
Interpreting this as a sign of insolvency , bank customers lined up by the thousands and , within hours , withdrew over $ 2 million from the bank .
An uncontrolled bank run can result in a bank ’ s bankruptcy or when multiple banks are involved , a banking panic , which at its worst can lead to an economic recession .
A bank may try to avoid the negative effects of a bank run by limiting the amount of cash a customer can withdraw at one time , temporarily suspending @ @ @ @ @ @ @ other banks or the central banks to cover the demand .
Today , there are other provisions to protect against bank runs and bankruptcy .
For instance , the reserve requirements for banks have generally increased and central banks have been organized to provide quick loans as a last resort .
Perhaps most important has been the establishment of deposit insurance programs such as the Federal Deposit Insurance Corporation ( FDIC ) , which was set up during the Great Depression in response to the bank failures that exacerbated the economic crisis .
@ @ @ @ @ @ @ the banking system and to encourage a certain level of confidence and trust .
The insurance remains in place today .
The Fed needs to be phased out .
We do not have fractional reserve banking anymore ; now we have Fictional reserve banking after the FED changed te reserve requirement to ZERO on 3/26/2020 .
It will be quite interesting to see how economic activity picks back up after things re-open .
I think there may be some surprises .
• Not all businesses are going to re-open .
• Not all @ @ @ @ @ @ @ People are not going to flock to bars and restaurants because they will be broke , and no one wants to be around crowds in an enclosed area .
• There is no demand pipelined for durable goods .
It could be six months to a year before new car sales come off the peg .
And if there is no demand , why keep auto workers on the job ?
• How much disposable income has become scared money !
The states may re-open , but it may take years for consumers @ @ @ @ @ @ @ caused .
Fools don ’ t realize that every business acts like cells which require a constant supply of oxygen to survive .
An economy is a life form that is being killed by hypoxia .
Do you know about the gift of nature to save the life of people from various health problems and make them feel secure by curing significant issues ?
How to live healthy in this world without having chronic diseases or illness or any other health issues which may hurt you physically and mentally ?
Due to dense @ @ @ @ @ @ @ the forest , garden areas to create shelter , so they forced to destroy the nature ’ s gift such as natural ingredients , secret medicinal herbs and more which are grown in wild forest , mountains and other places .
When you read this review entirely , sure you will get chance to know about secrets medicinal ingredients , herbs and more used by our ancestor to get back the lost health without losing your life .
Claude Davis was highlighted all the stuff in the form of the e-book The Lost @ @ @ @ @ @ @ of natural ingredients and remedies that you can quickly grow in the backyard or at free space to include it in your routine diet or external usage to get well soon .
They can not just ‘ switch ’ it back on .
It ’ s becoming more and more evident to me that there isn ’ t a COVID coverup , it ’ s that COVID is the coverup , the coverup for the collapse of our financial system .
COVID shutdown to cover up the financial implosion , to cover up @ @ @ @ @ @ @ mass destruction , to cover up the extension of the globalist coup .
Wheels within wheels .
The FED or The Bank for International Settlements or whoever saw the waves coming said let ’ s make up this social distancing thing so we can shut down part of the economy and therefore mask the true symptoms of our collapse .
Without some kind of disaster , the current amount of money printing would crash the markets , so we have been given fiction to hold our attention .
Stop spending .
Stop the @ @ @ @ @ @ @ metal .
Then there ’ s a nice fat bank holiday .
And it was the virus that did it .
Sure , COVID is lethal , but no more so than flu , and when did the flu ever shut down the entire economy ?
Their art of deception tricks would even impress David Copperfield .
They know if people understood that two bad recessions in a row were directly the result of banks ’ greed , they would have a fight on their hands to retain control .
When they finally @ @ @ @ @ @ @ and controlled by law and technology to the point where it doesn ’ t matter what we think or know as a society about these elites , it will be far too late .
This is why Glass-Steagall was enacted after the last Depression .
Banks not allowed a seat at the Wall Street poker table .
Commodities only bought if you were taking physical delivery .
The people never learn .
Wall Street learned a long time ago how to become rich by legal embezzlements from Main Street .
But Congress , @ @ @ @ @ @ @ enough to give us the Financial Modernization Act , which wiped out all of Glass-Steagall ’ s protections to prevent another Depression or worse .
If we had a SOUND , DEBT-FREE monetary system , NONE of this would be happening .
You can ’ t PRINT Gold and Silver .
They are anchors .
Under such an honest system , if you wanted to spend tons and tons of money on wars , infrastructure , or even hammock programs for illegal aliens , the only way to raise such funds would be @ @ @ @ @ @ @ You ’ d have to lay hold of THEIR assets directly… NOT indirectly through insidious inflation .
You would have the ultimate check and balance system against waste , fraud , and other criminal activity .
With constant public audits , the people would KNOW every time a greasy hand was reaching into THEIR cookie jar .
The corruption began when the average clueless idiot started being willing to accept paper promises ( currency ) in place of hard money ( gold and silver coins ) .
This is a planned , controlled @ @ @ @ @ @ @ economic power have been surrendered to the central planner .
The only way to do this was through a devastating financial crisis .
The Fed is a part of a worldwide banking cartel that is already running the World .
The Fed is just a tool of enslavement .
So what is going on is an expansion of this enslavement both by moving debt on to the taxpayers and implementing harsher means of control over the population .
US Economy Collapse , What Would Happen and How to Prepare Your Survival Guide to @ @ @ @ @ @ @ occurs , it would happen quickly .
No one would predict it .
The surprise factor is , itself , one of the causes of a collapse .
The signs of imminent failure are difficult for most people to see .
Some believe the Federal Reserve , the president , or an international conspiracy are driving the United States toward economic ruin .
If that ’ s the case , the economy could collapse in as little as a week .
The economy is run on confidence that debts will be repaid , @ @ @ @ @ @ @ you need it , and that you ’ ll get paid for this week ’ s work .
If a large enough piece of that stops for even several days , it creates a chain reaction that leads to a rapid collapse .
How to Prepare for an Economic Collapse Protecting yourself from a collapse is difficult .
A catastrophic failure can happen without warning .
In most crises , people survive through their knowledge , wits , and by helping each other .
Here are six steps you can take now to @ @ @ @ @ @ @ sure you understand basic economic concepts so you can see warning signs of instability .
One of the first signs is a stock market crash .
If it ’ s bad enough , a market crash can cause a recession .
Keep as many assets as liquid as possible so that you can withdraw them within a week .
As for cash , it may not be useful in a total economic collapse because its value might be decimated .
Stockpiles of gold bullion may not help because they would be difficult to @ @ @ @ @ @ @ .
In a severe collapse , they may not be accepted as currency .
But it would be good to have a stash of $ 20 bills and gold coins , just in case .
During many crisis situations , these are commonly accepted as bribes .
In addition to your regular job , make sure you have skills that you ’ d need in a traditional economy , such as farming , cooking , or repair .
Learn how to be a prepper on a budget : What will happen if the @ @ @ @ @ @ @ , but your everyday prepping is something you can do to prepare for economic collapse and many other catastrophes .
The good and happy news is that the preparations you make to today will help insulate you whether you face a job loss or whether the economy just goes into a recession or inflation goes out of control .
Remember that creativity will go far for you in an economic collapse .
Prepare for an economic collapse now while things are still good .
Insulate yourself from an economic collapse by reading more…US @ @ @ @ @ @ @ in case you ’ d need to leave the country on short notice .
Research target countries now and travel there on vacation , so you are familiar with your destination .
Keep yourself in top physical shape .
Know basic survival skills , such as self-defense , foraging , hunting , and starting a fire .
Practice now with camping trips .
If you can , move near a wildlife preserve in a temperate climate .
That way , if a collapse occurs , you can live off the land in a @ @ @ @

by Amy S.
The Banks are in trouble because people are defaulting on their loans. If people aren’t earning as much money as they were when they were working, especially small businesses, they’re not paying their loans. So, the banks are not getting interest payments. They’re getting defaults. In fact, there was already trouble in the subprime markets before COVID-19. Both subprime credit card and auto loan defaults were rising. That will only increase with millions of people suddenly unemployed. The Bankers are staring into an abyss.
The Problem is Main Street just doesn’t know it is staring into the same abyss. Even when the economy is ” overheating,” banks are insolvent by design. The more insolvent they are, the more they fleece the sheep. It is all perfectly legal, of course. Now people are starting to realize that they have been funding compulsive gamblers with unsecured loans at perhaps twenty-five percent interest rate on their bank deposits (unsecured loans). When you realize that governments have made this all legal and that they have pushed through bail-in legislation to protect the “taxpayer” from bank insolvency, do you trust your government to do anything that is for your benefit? We are wearing masks, But the banks are robbing us.
The financial sector is the key to the US economy.
They shouldn’t be, but they are because we have a bubble economy. We have an economy based on credit, based on debt. So, not people spending the money they earned, but spending the money they didn’t earn, but they borrowed.” This becomes clear when you look at the consumer debt numbers. Americans were already leveraged up to their eyeballs before corona spurred a government lockdown of the economy. What is at the heart of the bubble, other than the Federal Reserve which is pumping all the blood through the body of the economy, but it’s pumping it through the heart of the banking sector. So, when you see this cardiac arrest in the banking sector, this is a sign that there’s trouble brewing here when the banks are having so much trouble.”
The collapse of fake assets was underway well before the fake virus became the imposed subject of 90% of all communication, and half the planet was put under house arrest. It directs the anger away from the elitist banksters to some nanoparticle, and the panic-stricken public will welcome the monetary “reset,” which, of course, will screw them further. The Banks ARE the problem. When you have a credit bubble, when the economy is built on a foundation of debt, and then something happens to shake that foundation, you have a big problem, Peter Schiff said recently. Gold and Silver are money; everything else is credit and subject to manipulation. The Fed is doing everything it did during the last financial crisis except way bigger and way sooner. The Fed printed more money than the UK, and Chinese GDPs put together in the last 50 days alone. There’s a deflation of products. there’s inflation in food.
There’s more money floating around. There’s no economy. There’s no trade. Money is not real. The market is not real. The debt tsunami is rolling in. The derivatives pit is bottomless. No amount of bailouts by the public can fill a bottomless Black Hole. Trump bought them time with his initial bail-out of the FED, but that was all he gave them: a little time. The Central banks will continue to temporize with massive pumping, Guaranteeing that there be a catastrophic result.
What Is a Bank Run? – How Bank Runs Happen ?
A bank run occurs when a large number of customers of a bank or other financial institution withdraw their deposits simultaneously on fears that the bank will become insolvent. Bank runs happen when a large number of people start making withdrawals from banks because they fear the institutions will run out of money.
A bank run is typically the result of panic rather than true insolvency. As more people withdraw their funds, the probability of default increases, prompting more people to withdraw their deposits. In extreme cases, the bank’s reserves may not be sufficient to cover the withdrawals. With more people withdrawing money, banks will use up their cash reserves and ultimately end up defaulting. the clients keep the cash or transfer it into other assets, such as government bonds, precious metals or gemstones.
When they transfer funds to another institution, it may be characterized as a capital flight. As a bank run progresses, it generates its own momentum: as more people withdraw cash, the likelihood of default increases, triggering further withdrawals. This can destabilize the bank to the point where it runs out of cash and thus faces sudden bankruptcy.To combat a bank run, a bank may limit how much cash each customer may withdraw, suspend withdrawals altogether, or promptly acquire more cash from other banks or from the central bank, besides other measures.
A banking panic or bank panic is a financial crisis that occurs when many banks suffer runs at the same time, as people suddenly try to convert their threatened deposits into cash or try to get out of their domestic banking system altogether. A systemic banking crisis is one where all or almost all of the banking capital in a country is wiped out.
The resulting chain of bankruptcies can cause a long economic recession as domestic businesses and consumers are starved of capital as the domestic banking system shuts down.According to former U.S. Federal Reserve chairman Ben Bernanke, the Great Depression was caused by the Federal Reserve System, and much of the economic damage was caused directly by bank runs.
The cost of cleaning up a systemic banking crisis can be huge, with fiscal costs averaging 13% of GDP and economic output losses averaging 20% of GDP for important crises from 1970 to 2007. Several techniques have been used to try to prevent bank runs or mitigate their effects.
They have included a higher reserve requirement (requiring banks to keep more of their reserves as cash), government bailouts of banks, supervision and regulation of commercial banks, the organization of central banks that act as a lender of last resort, the protection of deposit insurance systems such as the U.S. Federal Deposit Insurance Corporation, and after a run has started, a temporary suspension of withdrawals.
These techniques do not always work: for example, even with deposit insurance, depositors may still be motivated by beliefs they may lack immediate access to deposits during a bank reorganization. A bank run triggered by fear that pushes a bank into actual insolvency represents a classic example of a self-fulfilling prophecy.
The bank does risk default, as individuals keeping withdrawing funds. So what begins as panic can eventually turn into a true default situation. That’s because most banks don’t keep that much cash on hand in their branches. In fact, most institutions have a set limit to how much they can store in their vaults each day. These limits are set based on need and for security reasons.
The Federal Reserve Bank also sets in-house cash limits for institutions. The money they do have on the books is used to loan out to others or is invested in different investment vehicles. Because banks typically keep only a small percentage of deposits as cash on hand, they must increase their cash position to meet the withdrawal demands of their customers.
One method a bank uses to increase cash on hand is to sell off its assets—sometimes at significantly lower prices than if it did not have to sell quickly. Losses on the sale of assets at lower prices can cause a bank to become insolvent. A bank panic occurs when multiple banks endure runs at the same time. The stock market crash of 1929 precipitated a spate of bank runs across the country, ultimately culminating in the Great Depression.
The succession of bank runs that occurred in late 1929 and early 1930 represented a domino effect of sorts, as news of one bank failure spooked customers of nearby banks, prompting them to withdraw their money.
For example, a single bank failure in Nashville led to a host of bank runs across the Southeast. Other bank runs during the Depression occurred because of rumors started by individual customers.
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In December 1930, a New Yorker who was advised by the Bank of United States against selling a particular stock left the branch and promptly began telling people the bank was unwilling or unable to sell his shares. Interpreting this as a sign of insolvency, bank customers lined up by the thousands and, within hours, withdrew over $2 million from the bank. An uncontrolled bank run can result in a bank’s bankruptcy or when multiple banks are involved, a banking panic, which at its worst can lead to an economic recession.
A bank may try to avoid the negative effects of a bank run by limiting the amount of cash a customer can withdraw at one time, temporarily suspending withdrawals altogether, or borrowing cash from other banks or the central banks to cover the demand. Today, there are other provisions to protect against bank runs and bankruptcy. For instance, the reserve requirements for banks have generally increased and central banks have been organized to provide quick loans as a last resort. Perhaps most important has been the establishment of deposit insurance programs such as the Federal Deposit Insurance Corporation (FDIC), which was set up during the Great Depression in response to the bank failures that exacerbated the economic crisis. Its aim was to maintain stability in the banking system and to encourage a certain level of confidence and trust. The insurance remains in place today.
The Fed needs to be phased out. We do not have fractional reserve banking anymore; now we have Fictional reserve banking after the FED changed te reserve requirement to ZERO on 3/26/2020.
It will be quite interesting to see how economic activity picks back up after things re-open. I think there may be some surprises.
Not all businesses are going to re-open. Not all employees will be called back. People are not going to flock to bars and restaurants because they will be broke, and no one wants to be around crowds in an enclosed area. There is no demand pipelined for durable goods. It could be six months to a year before new car sales come off the peg. And if there is no demand, why keep auto workers on the job? How much disposable income has become scared money! The states may re-open, but it may take years for consumers to backfill the financial hole this has caused. Fools don’t realize that every business acts like cells which require a constant supply of oxygen to survive. An economy is a life form that is being killed by hypoxia.
Do you know about the gift of nature to save the life of people from various health problems and make them feel secure by curing significant issues? How to live healthy in this world without having chronic diseases or illness or any other health issues which may hurt you physically and mentally? Due to dense population, people are trying to demolish the forest, garden areas to create shelter, so they forced to destroy the nature’s gift such as natural ingredients, secret medicinal herbs and more which are grown in wild forest, mountains and other places. When you read this review entirely, sure you will get chance to know about secrets medicinal ingredients, herbs and more used by our ancestor to get back the lost health without losing your life. Claude Davis was highlighted all the stuff in the form of the e-book The Lost Book Of Remedies filled with a list of natural ingredients and remedies that you can quickly grow in the backyard or at free space to include it in your routine diet or external usage to get well soon.
They cannot just ‘switch’ it back on. It’s becoming more and more evident to me that there isn’t a COVID coverup, it’s that COVID is the coverup, the coverup for the collapse of our financial system. COVID shutdown to cover up the financial implosion, to cover up the detonation of derivatives weapons of financial mass destruction, to cover up the extension of the globalist coup. Wheels within wheels.
The FED or The Bank for International Settlements or whoever saw the waves coming said let’s make up this social distancing thing so we can shut down part of the economy and therefore mask the true symptoms of our collapse. Without some kind of disaster, the current amount of money printing would crash the markets, so we have been given fiction to hold our attention. Stop spending. Stop the bank runs. Impossible to buy precious metal.
Then there’s a nice fat bank holiday. And it was the virus that did it. Sure, COVID is lethal, but no more so than flu, and when did the flu ever shut down the entire economy? Their art of deception tricks would even impress David Copperfield. They know if people understood that two bad recessions in a row were directly the result of banks’ greed, they would have a fight on their hands to retain control. When they finally have us all turning on each other and controlled by law and technology to the point where it doesn’t matter what we think or know as a society about these elites, it will be far too late. This is why Glass-Steagall was enacted after the last Depression. Banks not allowed a seat at the Wall Street poker table. Commodities only bought if you were taking physical delivery.
The people never learn. Wall Street learned a long time ago how to become rich by legal embezzlements from Main Street. But Congress, Senators, and Bill Clinton were wise enough to give us the Financial Modernization Act, which wiped out all of Glass-Steagall’s protections to prevent another Depression or worse. If we had a SOUND, DEBT-FREE monetary system, NONE of this would be happening. You can’t PRINT Gold and Silver. They are anchors. Under such an honest system, if you wanted to spend tons and tons of money on wars, infrastructure, or even hammock programs for illegal aliens, the only way to raise such funds would be through direct taxation of the citizenry. You’d have to lay hold of THEIR assets directly… NOT indirectly through insidious inflation. You would have the ultimate check and balance system against waste, fraud, and other criminal activity. With constant public audits, the people would KNOW every time a greasy hand was reaching into THEIR cookie jar. The corruption began when the average clueless idiot started being willing to accept paper promises (currency) in place of hard money (gold and silver coins).
This is a planned, controlled transition to feudalism. All independence and economic power have been surrendered to the central planner. The only way to do this was through a devastating financial crisis. The Fed is a part of a worldwide banking cartel that is already running the World. The Fed is just a tool of enslavement. So what is going on is an expansion of this enslavement both by moving debt on to the taxpayers and implementing harsher means of control over the population.
US Economy Collapse, What Would Happen and How to Prepare
Your Survival Guide to an Economic Collapse
If an economic collapse occurs, it would happen quickly. No one would predict it. The surprise factor is, itself, one of the causes of a collapse. The signs of imminent failure are difficult for most people to see.
Some believe the Federal Reserve, the president, or an international conspiracy are driving the United States toward economic ruin. If that’s the case, the economy could collapse in as little as a week. The economy is run on confidence that debts will be repaid, food and gas will be available when you need it, and that you’ll get paid for this week’s work. If a large enough piece of that stops for even several days, it creates a chain reaction that leads to a rapid collapse.
How to Prepare for an Economic Collapse
Protecting yourself from a collapse is difficult. A catastrophic failure can happen without warning. In most crises, people survive through their knowledge, wits, and by helping each other.
Here are six steps you can take now to prepare for a potential collapse.
Make sure you understand basic economic concepts so you can see warning signs of instability. One of the first signs is a stock market crash. If it’s bad enough, a market crash can cause a recession.
Keep as many assets as liquid as possible so that you can withdraw them within a week.
As for cash, it may not be useful in a total economic collapse because its value might be decimated. Stockpiles of gold bullion may not help because they would be difficult to transport if you needed to move quickly. In a severe collapse, they may not be accepted as currency. But it would be good to have a stash of $20 bills and gold coins, just in case. During many crisis situations, these are commonly accepted as bribes.
In addition to your regular job, make sure you have skills that you’d need in a traditional economy, such as farming, cooking, or repair.
Learn how to be a prepper on a budget: What will happen if the economy collapses? No one really knows, but your everyday prepping is something you can do to prepare for economic collapse and many other catastrophes.
The good and happy news is that the preparations you make to
today will help insulate you whether you face a job loss or
whether the economy just goes into a recession or inflation
goes out of control. Remember that creativity will go far for you
in an economic collapse. Prepare for an economic collapse now
while things are still good. Insulate yourself from an economic
collapse by reading more…US DECEPTION
Make sure your passport is current in case you’d need to leave the country on short notice. Research target countries now and travel there on vacation, so you are familiar with your destination.
Keep yourself in top physical shape. Know basic survival skills, such as self-defense, foraging, hunting, and starting a fire. Practice now with camping trips. If you can, move near a wildlife preserve in a temperate climate. That way, if a collapse occurs, you can live off the land in a relatively unpopulated area.


investmentwatchblog--2020-04-21--The Fed’s Only Choice – Exacerbate The Wealth Gap, Or Else.

The rise of populism , evidenced by the success of Donald Trump , Bernie Sanders , and Alexandra Ocasio-Cortez , is rooted in the emergence of the greatest wealth and income inequality gap since the roaring ’ 20s .
According to the Economic Policy Institute , the top 1 % take home 21 % of all income in the United States , the largest share since 1928 .
There are a variety of social , political , and economic factors driving this growing discrepancy , but one critical factor is ignored – The Federal Reserve .
The Fed has inserted @ @ @ @ @ @ @ growth and , along with that , their contribution to the rising imbalances between economic classes .
Over the last decade , as stock markets surged , household net worth reached historic levels .
If one just looked at the data , it was clear the economy was booming .
However , for the vast majority of Americans , it really wasn ’ t .
This was previously shown in data from the WSJ : Put differently , the value of assets for all U.S. households increased from 1989 through 2016 by an @ @ @ @ @ @ @ 33 % of that gain— $ 19 trillion—went to the wealthiest 1 % , according to a Journal analysis of Fed data .
What policy-makers , and the Federal Reserve missed , is the “ stock market ” is NOT the “ economy.
” This “ wealth gap , ” can be directly traced back to a decade of monetary policy that almost solely benefited those who either had money to invest in the financial markets or were directly compensated through increases in corporate asset prices .
However , those policies failed to @ @ @ @ @ @ @ or full-time employment .
True , but this was because of a large number of individuals no longer counted as part of the labor force .
If we take a look at “ full-time employment , ” which are the jobs supporting families , and strip out those over 54-years of age to remove the “ but boomers are all retiring ” nonsense , we see a very different picture of employment .
The weak increase in full-time employment is a key factor behind why both economic and wage growth remained weak .
@ @ @ @ @ @ @ into the numbers : Of course , a big contributor to the “ wealth gap ” was the rise in the stock market fostered by trillions of liquidity injected into the markets by Federal Reserve .
As NYT noted : Another way to view this issue is by looking at household net worth growth between the top 10 % and everyone else .
Since 2007 , the ONLY group that has seen an increase in net worth is the top 10 % of the population , which is also the group that owns @ @ @ @ @ @ @ This is not economic prosperity .
This is a distortion of economics .
The Fed Did It This can all be tied directly back to the Fed ’ s monetary interventions .
From 2009-2016 , the Federal Reserve held rates at 0 % , and flooded the financial system with 3-consecutive rounds of “ Quantitative Easing ” or “ Q.E , ” and ensured that financial conditions remained extremely accommodative .
In return , banks were supposed to use the low-rate environment to loan money to businesses , which would in turn expand @ @ @ @ @ @ @ increase consumption boosting economic growth .
Unfortunately , it didn ’ t work out that way as monetary policy is a “ disincentive ” for banks to lend .
Instead , liquidity was recycled into the stock market , through which they have a direct and vested interest .
While stock prices rose , the bottom 90 % of the economy struggled to make ends meet , which capped economic growth .
Of course , given the banks didn ’ t push the money into the economy , but bottled it up for @ @ @ @ @ @ @ steadily declined .
If we assume a 15 % decline in GDP in the second quarter , the disparity between the Fed ’ s interventions , the stock market , and the real economy becomes abundantly clear .
For 90 % of Americans , there has not been , nor will there be , any economic recovery .
Not understood , especially by the Fed , is that the natural rate of economic growth is declining due to their very practices .
The rise in corporate debt , which in the last decade @ @ @ @ @ @ @ as stock buybacks and issuing dividends , has contributed to the retardation of economic growth .
The Federal Reserve Act requires that monetary policy achieve maximum employment , stable prices , and moderate long-term interest rates .
The problem is the Fed targeted a small , but consistent 2 % rate of inflation .
What they didn ’ t realize was those policies were creating a debt bubble which slowed economic growth and created deflationary pressures .
The result was an increasing set of dynamics which harmed the poor and middle class while @ @ @ @ @ @ @ inequality gap .
The Fed Has No Choice But To Make It Worse With the economy now on the brink of an “ economic depression , ” and in the middle of an election year , the Federal Reserve had a choice to make .
• Allow capitalism to take root by allowing corporations to fail , and restructure , after spending a decade leveraging themselves to hilt , buying back shares , and massively increasing the wealth of their executives while compressing the wages of workers .
Or , • Bailout the @ @ @ @ @ @ @ forestall the “ clearing process ” that would rebalance the economy , and allow for higher levels of future organic economic growth .
Obviously , as the Fed ’ s balance sheet heads toward $ 10 Trillion , the Fed opted to impede the “ clearing process.
” By not allowing for debt to fail , corporations to be restructured , and “ socializing the losses , ” they have removed the risk of speculative practices and have ensured a continuation of “ bad behaviors.
” Unfortunately , given we now have a @ @ @ @ @ @ @ wealth gap ” grow under the Federal Reserve ’ s policies , the next decade will only see the “ gap ” worsen .
While there are many hoping for a “ V-shaped ” recovery in the economy following the “ restart ” of the economy , the reality is that recovery may take much longer than expected .
Furthermore , given that we now know that surging debt and deficits inhibit organic growth , the massive debt levels being added to the backs of taxpayers will only ensure lower long-term rates of @ @ @ @ @ @ @ the 10-year annualized run rates of economic growth throughout history with projected debt and growth levels over the next decade .
History is pretty clear about future outcomes from the Fed ’ s current actions .
More importantly , these actions are coming at a time where there were already tremendous headwinds plaguing future economic growth .
The lynchpin , like Japan , remains demographics and interest rates .
As the aging population grows becoming a net drag on “ savings , ” the dependency on the “ social welfare net ” will @ @ @ @ @ @ @ problem ” is also going to require further bailouts and more government debt .
Yes , another $ 4-6 Trillion in QE will likely be successful in inflating a third “ bubble ” to counteract the deflation of the last .
The problem is that after a decade of pulling forward future consumption to stimulate economic activity , a further expansion of the wealth gap , increased indebtedness , and low rates of economic growth , will weigh on future economic opportunity for the masses .
Supporting economic growth through increasing levels of @ @ @ @ @ @ @ at all cost ” uniformly benefits all citizens .
Unfortunately , we are finding out there is a big difference between growth and prosperity .
An inflationary policy that minimizes concern for debt burdens , while accelerating the growth of those burdens , is taking a serious toll on economic and social stability .
The United States is not immune to social disruptions .
The source of these problems is compounding due to the public ’ s failure to appreciate why it is happening .
Until the Fed ’ s policies are publicly @ @ @ @ @ @ @ remain , and the problems will grow .
But for now , it seems the Fed simply has no other choice .

by Lance Roberts
“Gradual inflation has a numbing effect. It impoverishes the lower and middle class, but they don’t notice.” —Andrew Bosomworth, PIMCO Germany, as quoted in Der Spiegel
The rise of populism, evidenced by the success of Donald Trump, Bernie Sanders, and Alexandra Ocasio-Cortez, is rooted in the emergence of the greatest wealth and income inequality gap since the roaring ’20s.
According to the Economic Policy Institute, the top 1% take home 21% of all income in the United States, the largest share since 1928.
There are a variety of social, political, and economic factors driving this growing discrepancy, but one critical factor is ignored – The Federal Reserve.
The Fed has inserted itself into a key role in economic growth and, along with that, their contribution to the rising imbalances between economic classes.
The Wealth Gap Explodes
Over the last decade, as stock markets surged, household net worth reached historic levels. If one just looked at the data, it was clear the economy was booming.
However, for the vast majority of Americans, it really wasn’t. This was previously shown in data from the WSJ:
“The median net worth of households in the middle 20% of income rose 4% in inflation-adjusted terms to $81,900 between 1989 and 2016, the latest available data. For households in the top 20%, median net worth more than doubled to $811,860. And for the top 1%, the increase was 178% to $11,206,000.”
Put differently, the value of assets for all U.S. households increased from 1989 through 2016 by an inflation-adjusted $58 trillion. A full 33% of that gain—$19 trillion—went to the wealthiest 1%, according to a Journal analysis of Fed data.
What policy-makers, and the Federal Reserve missed, is the “stock market” is NOT the “economy.”
This “wealth gap,” can be directly traced back to a decade of monetary policy that almost solely benefited those who either had money to invest in the financial markets or were directly compensated through increases in corporate asset prices. However, those policies failed to produce substantial rates of either wage growth or full-time employment.
“But Lance, the media said that employment was at historic lows.”
True, but this was because of a large number of individuals no longer counted as part of the labor force. If we take a look at “full-time employment,” which are the jobs supporting families, and strip out those over 54-years of age to remove the “but boomers are all retiring” nonsense, we see a very different picture of employment. The weak increase in full-time employment is a key factor behind why both economic and wage growth remained weak.
The New York Times recently went further into the numbers:
“America’s economy has almost doubled in size over the last four decades, but broad measures of the nation’s economic health conceal the unequal distribution of gains. A small portion of the population has pocketed most of the new wealth, and the coronavirus pandemic is laying bare the consequences of the unequal distribution of prosperity.”
Of course, a big contributor to the “wealth gap” was the rise in the stock market fostered by trillions of liquidity injected into the markets by Federal Reserve. As NYT noted:
“The affluent, of course, do tend to own stock, and the median net worth of the richest 10 percent of households rose 13 percent from 2007 to 2016 (the last year for which the Fed has released data).
Another way to view this issue is by looking at household net worth growth between the top 10% and everyone else.
Since 2007, the ONLY group that has seen an increase in net worth is the top 10% of the population, which is also the group that owns 84% of the stock market.
This is not economic prosperity.
This is a distortion of economics.
The Fed Did It
This can all be tied directly back to the Fed’s monetary interventions. From 2009-2016, the Federal Reserve held rates at 0%, and flooded the financial system with 3-consecutive rounds of “Quantitative Easing” or “Q.E,” and ensured that financial conditions remained extremely accommodative. In return, banks were supposed to use the low-rate environment to loan money to businesses, which would in turn expand capacity and hire workers, who would increase consumption boosting economic growth.
Unfortunately, it didn’t work out that way as monetary policy is a “disincentive” for banks to lend. Instead, liquidity was recycled into the stock market, through which they have a direct and vested interest. While stock prices rose, the bottom 90% of the economy struggled to make ends meet, which capped economic growth.
We are primarily funded by readers. Please subscribe and donate to support us!
Of course, given the banks didn’t push the money into the economy, but bottled it up for their own financial interests, monetary velocity steadily declined.
If we assume a 15% decline in GDP in the second quarter, the disparity between the Fed’s interventions, the stock market, and the real economy becomes abundantly clear. For 90% of Americans, there has not been, nor will there be, any economic recovery.
Not understood, especially by the Fed, is that the natural rate of economic growth is declining due to their very practices.
“Low, to zero, interest rates incentivize non-productive debt. The massive increases in debt, and particularly corporate leverage, actually harms future growth by diverting spending to debt service.”
The rise in corporate debt, which in the last decade was used primarily for non-productive purposes such as stock buybacks and issuing dividends, has contributed to the retardation of economic growth.
The Federal Reserve Act requires that monetary policy achieve maximum employment, stable prices, and moderate long-term interest rates. The problem is the Fed targeted a small, but consistent 2% rate of inflation. What they didn’t realize was those policies were creating a debt bubble which slowed economic growth and created deflationary pressures. The result was an increasing set of dynamics which harmed the poor and middle class while enriching the wealthy, and widened the inequality gap.
The Fed Has No Choice But To Make It Worse
With the economy now on the brink of an “economic depression,” and in the middle of an election year, the Federal Reserve had a choice to make.
Allow capitalism to take root by allowing corporations to fail, and restructure, after spending a decade leveraging themselves to hilt, buying back shares, and massively increasing the wealth of their executives while compressing the wages of workers. Or, Bailout the “bad actors” once again to forestall the “clearing process” that would rebalance the economy, and allow for higher levels of future organic economic growth.
Obviously, as the Fed’s balance sheet heads toward $10 Trillion, the Fed opted to impede the “clearing process.” By not allowing for debt to fail, corporations to be restructured, and “socializing the losses,” they have removed the risk of speculative practices and have ensured a continuation of “bad behaviors.”
Unfortunately, given we now have a decade of experience of watching the “wealth gap” grow under the Federal Reserve’s policies, the next decade will only see the “gap” worsen.
While there are many hoping for a “V-shaped” recovery in the economy following the “restart” of the economy, the reality is that recovery may take much longer than expected.
Furthermore, given that we now know that surging debt and deficits inhibit organic growth, the massive debt levels being added to the backs of taxpayers will only ensure lower long-term rates of economic growth. The chart below shows the 10-year annualized run rates of economic growth throughout history with projected debt and growth levels over the next decade.
History is pretty clear about future outcomes from the Fed’s current actions. More importantly, these actions are coming at a time where there were already tremendous headwinds plaguing future economic growth.
A decline in savings rates
An aging demographic
A heavily indebted economy
A decline in exports
Slowing domestic economic growth rates.
An underemployed younger demographic.
An inelastic supply-demand curve
Weak industrial production
Dependence on productivity increases
The lynchpin, like Japan, remains demographics and interest rates. As the aging population grows becoming a net drag on “savings,” the dependency on the “social welfare net” will continue to expand. The “pension problem” is also going to require further bailouts and more government debt.
Yes, another $4-6 Trillion in QE will likely be successful in inflating a third “bubble” to counteract the deflation of the last.
The problem is that after a decade of pulling forward future consumption to stimulate economic activity, a further expansion of the wealth gap, increased indebtedness, and low rates of economic growth, will weigh on future economic opportunity for the masses.
Supporting economic growth through increasing levels of debt only makes sense if “growth at all cost” uniformly benefits all citizens. Unfortunately, we are finding out there is a big difference between growth and prosperity.
An inflationary policy that minimizes concern for debt burdens, while accelerating the growth of those burdens, is taking a serious toll on economic and social stability.
The United States is not immune to social disruptions. The source of these problems is compounding due to the public’s failure to appreciate why it is happening. Until the Fed’s policies are publicly discussed and reconsidered, the policies will remain, and the problems will grow.
But for now, it seems the Fed simply has no other choice.


investmentwatchblog--2020-04-21--While Americans SUFFER Nancy Pelosi CAUGHT and SHAMED For What She Just Did

100 % Fed Up reports , Nancy Pelosi is the leader of the Democrats , so they need to let @ @ @ @ @ from her are ridiculously out of touch with the current crisis .
While millions of @ @ @ @ @ and suffering , Pelosi is in a video smiling for the camera showing off her @ @ @ @ @ 14k Sub Zero refrigerator .

100% Fed Up reports, Nancy Pelosi is the leader of the Democrats, so they need to let her know the latest videos from her are ridiculously out of touch with the current crisis. While millions of Americans are out of work and suffering, Pelosi is in a video smiling for the camera showing off her gourmet ice cream in a 14k Sub Zero refrigerator.
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Read More/Source/Credit/FairUse:
100percentfedup.com/watch-pel…


investmentwatchblog--2020-04-21--In Spain, a taxi driver was known for taking patients to the hospital, free of charge.

In Spain , a taxi driver was known for taking patients to the hospital , free of charge .
One @ @ @ @ @ call to pick up a patient from the hospital .
When he arrived , doctors @ @ @ @ @ a standing ovation , plus an envelope of money .

In Spain, a taxi driver was known for taking patients to the hospital, free of charge. One day, he got a call to pick up a patient from the hospital. When he arrived, doctors and nurses surprised him with a standing ovation, plus an envelope of money.
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AC


investmentwatchblog--2020-04-21--Singapore extends COVID-19 lockdown until June 1

Singapore will extend its “ circuit breaker ” measures another four weeks to June 1 , Prime Minister Lee Hsien Loong announced today , two weeks into a virtual lockdown meant to curb the spread of the coronavirus .
Saying the measures are working but more is required , Lee ’ s announcement came hours after the Health Ministry reported 1,111 new infections mostly involving migrant workers living in dormitories , bringing the total number of cases to 9,125 .
“ We want to bring down the community numbers decisively .
We also want to make sure if any leakage @ @ @ @ @ @ @ community , we can detect it and contain early and prevent new clusters from forming and bursting out of control , ” Lee said in a late afternoon address to the nation .
Lee also said that stricter measures including entry restrictions to popular places such as wet markets would be imposed .
The number of essential services allowed to operate would also be reduced .
Speaking directly to Singapore ’ s families , he said only one person per household should leave the homes for essential trips .
“ If you do @ @ @ @ @ @ @ yourself not as a group or as a family .
Even when exercising outside , do so only by yourself and only in your neighborhood , ” he added .

Singapore will extend its “circuit breaker” measures another four weeks to June 1, Prime Minister Lee Hsien Loong announced today, two weeks into a virtual lockdown meant to curb the spread of the coronavirus.
Saying the measures are working but more is required, Lee’s announcement came hours after the Health Ministry reported 1,111 new infections mostly involving migrant workers living in dormitories, bringing the total number of cases to 9,125.
“We want to bring down the community numbers decisively. We also want to make sure if any leakage occurs from the dorms to the wider community, we can detect it and contain early and prevent new clusters from forming and bursting out of control,” Lee said in a late afternoon address to the nation.
Lee also said that stricter measures including entry restrictions to popular places such as wet markets would be imposed. The number of essential services allowed to operate would also be reduced.
We are primarily funded by readers. Please subscribe and donate to support us!
Speaking directly to Singapore’s families, he said only one person per household should leave the homes for essential trips.
“If you do need to go out then go by yourself not as a group or as a family. Even when exercising outside, do so only by yourself and only in your neighborhood,” he added.
sg.news.yahoo.com/singapore-extends-covid-19-lockdown-091400130.html


investmentwatchblog--2020-04-21--Anti-lockdown march | German police arrest protesters

Unauthorized protest that gathered around 300 people turns arrests in the city of Chemnitz , Germany , on Monday .
@ @ @ @ @ imposed to fight against # COVID19 spread .

Unauthorized protest that gathered around 300 people turns arrests in the city of Chemnitz, Germany, on Monday. Protesters oppose the restrictive measures imposed to fight against #COVID19 spread.
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investmentwatchblog--2020-04-21--What do negative oil prices tell us?

What do negative oil prices tell us?

Yesterday brought a new development in the word of negativity .
We regularly look at negative interest-rates and bond yields here and a couple of years ago or so noted negative prices for gas in the Permian Basin.More recently we have had to come to terms with negative economic growth rates .
But then there was something new to see .
From the BBC .
The price of US oil has turned negative for the first time in history .
That means oil producers are paying buyers to take the commodity off their hands over fears that storage capacity could @ @ @ @ @ @ @ oil has all but dried up as lockdowns across the world have kept people inside .
As a result , oil firms have resorted to renting tankers to store the surplus supply and that has forced the price of US oil into negative territory .
The price of a barrel of West Texas Intermediate ( WTI ) , the benchmark for US oil , fell as low as minus $ 37.63 a barrel .
What has happened here ?
The BBC does get some bits right bit also some wrong so let us @ @ @ @ @ @ @ oil price has been under pressure due to lower demand as the tweet below highlights .
Some were pointing out that they had filled up their cars ahead of the lockdowns only not to drive anywhere giving us a form of storage for these times which is in car petrol or diesel tanks !
But the crucial point was that in most cases ( like me ) they have not driven anywhere .
I am sure you can think of other examples .
Missing from the BBC piece is that in a type @ @ @ @ @ @ @ decided to sing along with Elvis Costello on the 8th of March .
I still remember the shock of that Sunday night into Monday morning when the oil price fell to US $ 30 .
It seemed a big deal at the time and was but the increased supply in an example of hubris or accident or both flooded into a collapse in demand .
There is another factor in play so let us return to the BBC on the 12th of this month .
This U-Turn was trumpeted at the time by @ @ @ @ @ @ @ once in concert with The Donald .
How wrong can you be ?
The next factor is that the cuts do not start until May 1st and that matters because the May future ends this week .
Many futures contracts are like that and wither expire in the month before or roll over to a later month in the month before .
So May is April and confusingly expires before the output cuts in er May .
Please do not shoot the messenger .
Next returning to the original BBC article they have @ @ @ @ @ @ @ WTI is that it is a land locked contract and so they can not do that .
By contrast Brent is a sea bourne contract and thus is being stored in oil tankers which are available for obvious reasons .
Here is shipbrief.com from a few days ago .
So Brent Crude dodged a bullet for now anyway because there is somewhere to store it whereas there are obvious issues for landlocked contracts in using supertankers .
So pressure came on the WTI contract and specifically the May one as it expires before @ @ @ @ @ @ @ issue tucked away in its definition .
You have to take some of the black stuff whereas for Brent you can simply settle in cash .
So as the May WTI contract came to its end it found a lot of people long oil suddenly facing up to the fact that they were being squeezed and even worse that anyone they might try to deal with knew it .
Thus the price fell .
Then it got added to by volumes being low and I am sure that meant that some gave it @ @ @ @ @ @ @ it .
Let me explain that .
If you have a large position say short 50,000 oil futures and you can move a price by selling 10 then you might be willing to sell that 10 for - $ 10 .
In itself it is crazy but should the price of the 50,000 move only marginally you can sing along with Hot Chocolate .
Have I seen people do this ?
Yes .
As you can see there were quite a lot of factors in play and context is needed because the June @ @ @ @ @ @ @ or so and trading actively all day .
There were also elements of confusion because it turned out there were some places you could store some WTI crude so perhaps in the panic some brains got a little frazzled.In fact it became such a mess I could see some of the trades being busted .
The main factor against that is that it would be very embarrassing so probably will not happen .
Let me point out a consequence I tweeted yesterday .
I was already thinking that the June WTI would get @ @ @ @ @ @ @ view .
That was based on two factors .
Firstly valuing the gap between it and spot as an option and secondly thinking of spot being an anchor it will be pulled down too .
With the June WTI future at US $ 12.82 as I type this we see yet another example of financial life being on speed .
If we now look at the economic consequences I am one of the few who welcome lower oil prices and their impact on inflation .
This will help workers and consumers in terms @ @ @ @ @ @ @ to be hard times .
There are a couple of nuances to this .
Let me start with the fact that as we are using less of it the gains are reduced .
The second is that there is also a switch from producers to consumers as oil producers will be hit hard .
In fact there is an irony here because this is one of the causes of where we are which is the Saudi/Russian attempt to get the oil price below the break even for US shale oil wildcatters .
Next @ @ @ @ @ @ @ is that some funds and banks must be in trouble from this .
Before this latest phase we were seeing stories like this .
Now will be worse with the only saving grace being that volumes were low .
Of course that may yet change with the June future falling today .
What is next ?
Perhaps we could see QE for oil from the US Federal Reserve….. Let me finish with some humour from The Guardian back in December 2013 .

by Shaun Richards
Yesterday brought a new development in the word of negativity. We regularly look at negative interest-rates and bond yields here and a couple of years ago or so noted negative prices for gas in the Permian Basin.More recently we have had to come to terms with negative economic growth rates. But then there was something new to see. From the BBC.
The price of US oil has turned negative for the first time in history. That means oil producers are paying buyers to take the commodity off their hands over fears that storage capacity could run out in May. Demand for oil has all but dried up as lockdowns across the world have kept people inside. As a result, oil firms have resorted to renting tankers to store the surplus supply and that has forced the price of US oil into negative territory. The price of a barrel of West Texas Intermediate (WTI), the benchmark for US oil, fell as low as minus $37.63 a barrel.
What has happened here?
The BBC does get some bits right bit also some wrong so let us start with the correct bits. The oil price has been under pressure due to lower demand as the tweet below highlights.
Coronavirus has wiped out more than 90% of international flights ( @ZSchneeweiss )
Some were pointing out that they had filled up their cars ahead of the lockdowns only not to drive anywhere giving us a form of storage for these times which is in car petrol or diesel tanks! But the crucial point was that in most cases ( like me) they have not driven anywhere. I am sure you can think of other examples.
Missing from the BBC piece is that in a type of turf war Saudi Arabia and Russia decided to sing along with Elvis Costello on the 8th of March.
Pump it up, until you can feel it
Pump it up, when you don’t really need it
I still remember the shock of that Sunday night into Monday morning when the oil price fell to US $30. It seemed a big deal at the time and was but the increased supply in an example of hubris or accident or both flooded into a collapse in demand.
There is another factor in play so let us return to the BBC on the 12th of this month.
The initial details of the deal, outlined by Opec+ on Thursday, would have seen the group and its allies cutting 10 million barrels a day or 10% of global supply from 1 May.
This U-Turn was trumpeted at the time by the BBC who rather curiously were for once in concert with The Donald.
The big Oil Deal with OPEC Plus is done. This will save hundreds of thousands of energy jobs in the United States. I would like to thank and congratulate President Putin of Russia and King Salman of Saudi Arabia. I just spoke to them from the Oval Office. Great deal for all!
How wrong can you be?
The next factor is that the cuts do not start until May 1st and that matters because the May future ends this week. Many futures contracts are like that and wither expire in the month before or roll over to a later month in the month before. So May is April and confusingly expires before the output cuts in er May. Please do not shoot the messenger.
Next returning to the original BBC article they have made a mistake.
As a result, oil firms have resorted to renting tankers to store the surplus supply
The problem with WTI is that it is a land locked contract and so they cannot do that. By contrast Brent is a sea bourne contract and thus is being stored in oil tankers which are available for obvious reasons. Here is shipbrief.com from a few days ago.
As of April 16, data provided by VesselsValue shows that of the 802 VLCCs on the water 60 are now being used as floating storage. Suexmaxes come in at 37 of the 566 live vessels while crude Aframaxes number 35 out of 694.
So Brent Crude dodged a bullet for now anyway because there is somewhere to store it whereas there are obvious issues for landlocked contracts in using supertankers.
We are primarily funded by readers. Please subscribe and donate to support us!
So pressure came on the WTI contract and specifically the May one as it expires before the output cuts and there is another issue tucked away in its definition.
Deliverable
You have to take some of the black stuff whereas for Brent you can simply settle in cash. So as the May WTI contract came to its end it found a lot of people long oil suddenly facing up to the fact that they were being squeezed and even worse that anyone they might try to deal with knew it. Thus the price fell. Then it got added to by volumes being low and I am sure that meant that some gave it a nudge or “low ticked” it.
Let me explain that. If you have a large position say short 50,000 oil futures and you can move a price by selling 10 then you might be willing to sell that 10 for -$10. In itself it is crazy but should the price of the 50,000 move only marginally you can sing along with Hot Chocolate.
So you win again, you win again
Have I seen people do this? Yes.
As you can see there were quite a lot of factors in play and context is needed because the June futures contract was at US $22 or so and trading actively all day. There were also elements of confusion because it turned out there were some places you could store some WTI crude so perhaps in the panic some brains got a little frazzled.In fact it became such a mess I could see some of the trades being busted. The main factor against that is that it would be very embarrassing so probably will not happen.
Comment
Let me point out a consequence I tweeted yesterday.
The contango in the oil price may trade like an option. It will be interesting to see if the June future ( $22.84) is pulled down to the spot price ( $11) or whether there will be more of a merger over the next month…
I was already thinking that the June WTI would get that sinking feeling as May faded from view. That was based on two factors. Firstly valuing the gap between it and spot as an option and secondly thinking of spot being an anchor it will be pulled down too. With the June WTI future at US $12.82 as I type this we see yet another example of financial life being on speed.
If we now look at the economic consequences I am one of the few who welcome lower oil prices and their impact on inflation. This will help workers and consumers in terms of real wages in what are going to be hard times. There are a couple of nuances to this. Let me start with the fact that as we are using less of it the gains are reduced. The second is that there is also a switch from producers to consumers as oil producers will be hit hard. In fact there is an irony here because this is one of the causes of where we are which is the Saudi/Russian attempt to get the oil price below the break even for US shale oil wildcatters.
Next comes a consequence via financial markets which is that some funds and banks must be in trouble from this. Before this latest phase we were seeing stories like this.
SINGAPORE (Reuters) – Singapore oil trader Hin Leong Trading (Pte) Ltd, which has begun talks with lenders to extend its credit facilities, owes $3.85 billion to 23 banks, two industry sources said on Thursday.
Now will be worse with the only saving grace being that volumes were low. Of course that may yet change with the June future falling today.
What is next? Perhaps we could see QE for oil from the US Federal Reserve…..
Let me finish with some humour from The Guardian back in December 2013.
A former British Petroleum (BP) geologist has warned that the age of cheap oil is long gone, bringing with it the danger of “continuous recession” and increased risk of conflict and hunger.


investmentwatchblog--2020-04-21--Documents Reveal Feds Are Excited To Create A Mass Surveillance Network

A FOIA request by the Electronic Privacy Information Center revealed how excited the National Security Commission on Artificial Intelligence ( NSCAI ) is about using CCTV cameras to create a national surveillance network .
The presentation discusses how the Chinese government profits from encouraging companies to use facial recognition on visitors and employees .
In America things are not all that different .
In the United States , the Feds encourage private companies like Clearview AI , Amazon Ring and Flock Safety to use facial recognition and automatic license plate readers to identify everyone .
Under the section “ State @ @ @ @ @ @ @ the presentation extol ’ s China ’ s smart city surveillance saying , “ it turns out that having streets carpeted with cameras is good infrastructure for smart cities as well.
” Americans do not need more government surveillance and we certainly do not need our smart cities carpeted with government surveillance devices .
The NSCAI says , “ mass surveillance is a killer application for deep learning .
As our government applies AI deep learning to things like CCTV cameras , cellphone locations , and license plate readers , a person ’ @ @ @ @ @ @ @ AI ’ s will use deep learning to accurately guess where you work , eat , shop , sleep , worship and vacation .
Basically , mass surveillance is a killer application for knowing all there is to know about everyone .
Last week MLlive , revealed that a startup AI company co-founded by the University of Michigan is helping governments use CCTV cameras to monitor people for social distancing as indicated by a professor of electrical and computer engineering at the University of Michigan ( UM ) : Police in New York @ @ @ @ @ @ @ up to $ 1,000 for not social distancing .
While police in Florida set up checkpoints on highways and police in the United Kingdom use CCTV cameras to enforce stay-at-home orders .
Voxel51 uses their “ physical distancing index ” to track social distancing in major cities around the globe .
“ Voxel51 is tracking the impact of the coronavirus global pandemic on social behavior , using a metric we developed called the Voxel51 Physical Distancing Index ( PDI ) .
The PDI helps people understand how the coronavirus is changing human activity @ @ @ @ @ @ @ our cutting-edge computer vision models and live video streams from some of the most visited streets in the world , the PDI captures the average amount of human activity and social distancing behaviors in major cities over time.
” What worries me is how law enforcement might use Voxel51 to fine or arrest people for not observing government-mandated social distancing .
A 2019 article in the Michigan News University of Michigan revealed that Voxel51 uses artificial intelligence to identify and follow people and objects .
I find it hard to believe that cities @ @ @ @ @ @ @ look at anonymized data .
Especially when Voxel51 ’ s business model is built around identifying people and objects on a mass-scale .
A perfect example of how the Feds view mass surveillance can best be summed up in the NSCAI presentation , “ American companies have a lot to gain by adopting ideas from Chinese companies.
” Everyday , it seems Americans are being told we need more national surveillance programs to keep everyone safe .
Our governments ’ obsession with monitoring everyone is only going to grow as the coronavirus grips @ @ @ @ @ @ @ to keep these surveillance programs from being implemented or risk becoming an authoritarian state like China .

by Mass Private I
A FOIA request by the Electronic Privacy Information Center revealed how excited the National Security Commission on Artificial Intelligence (NSCAI) is about using CCTV cameras to create a national surveillance network.
An NSCAI presentation titled “Chinese Tech Landscape Overview” discusses China’s facial recognition CCTV camera network in glowing terms.
“When we talk about data resources, really the largest data source is the government.'”
The presentation discusses how the Chinese government profits from encouraging companies to use facial recognition on visitors and employees.
“Now that these companies are operating at scale they are building a host of other services (e.g. facial recognition for office buildings, augmented reality)”
In America things are not all that different.
In the United States, the Feds encourage private companies like Clearview AI, Amazon Ring and Flock Safety to use facial recognition and automatic license plate readers to identify everyone.
Under the section “State Datasets: Surveillance = Smart Cities” the presentation extol’s China’s smart city surveillance saying, “it turns out that having streets carpeted with cameras is good infrastructure for smart cities as well.”
Americans do not need more government surveillance and we certainly do not need our smart cities carpeted with government surveillance devices.
The NSCAI says, “mass surveillance is a killer application for deep learning.
As our government applies AI deep learning to things like CCTV cameras, cellphone locations, and license plate readers, a person’s entire life can be predicted.
We are primarily funded by readers. Please subscribe and donate to support us!
AI’s will use deep learning to accurately guess where you work, eat, shop, sleep, worship and vacation. Basically, mass surveillance is a killer application for knowing all there is to know about everyone.
Last week MLlive, revealed that a startup AI company co-founded by the University of Michigan is helping governments use CCTV cameras to monitor people for social distancing as indicated by a professor of electrical and computer engineering at the University of Michigan (UM):
“Two weeks ago, Corso said he and his team began tracking physical distancing at locations like Times Square in New York, Miami Beach, Abbey Road in London and the Ruthven Museums Building at UM.”
Police in New York City use CCTV cameras to fine people up to $1,000 for not social distancing. While police in Florida set up checkpoints on highways and police in the United Kingdom use CCTV cameras to enforce stay-at-home orders.
Voxel51 uses their “physical distancing index” to track social distancing in major cities around the globe.
“Voxel51 is tracking the impact of the coronavirus global pandemic on social behavior, using a metric we developed called the Voxel51 Physical Distancing Index (PDI). The PDI helps people understand how the coronavirus is changing human activity in real-time around the world. Using our cutting-edge computer vision models and live video streams from some of the most visited streets in the world, the PDI captures the average amount of human activity and social distancing behaviors in major cities over time.”
What worries me is how law enforcement might use Voxel51 to fine or arrest people for not observing government-mandated social distancing.
Despite what Voxel51 claims about anonymizing identifiable data, they are still collecting their data from public/government cameras.
A 2019 article in the Michigan News University of Michigan revealed that Voxel51 uses artificial intelligence to identify and follow people and objects.
“Voxel51 has set out to overcome those obstacles with their video analytics platform and open source software libraries that, together, enable state-of-the-art video recognition. It identifies and follows objects and actions in each clip. As co-founder Brian Moore says, We transform video into value.”
I find it hard to believe that cities and governments would pay money to simply look at anonymized data. Especially when Voxel51’s business model is built around identifying people and objects on a mass-scale.
A perfect example of how the Feds view mass surveillance can best be summed up in the NSCAI presentation, “American companies have a lot to gain by adopting ideas from Chinese companies.”
Everyday, it seems Americans are being told we need more national surveillance programs to keep everyone safe.
Our governments’ obsession with monitoring everyone is only going to grow as the coronavirus grips the country. It is our job to keep these surveillance programs from being implemented or risk becoming an authoritarian state like China.


investmentwatchblog--2020-04-21--Friends in NYC tell me that the lockdown is beginning to fail.

People in their neighborhood — even old people — who were wearing masks a few days ago now aren ’ t .
Long lines at soup kitchens and food pantries and check-cashing places .
A generally more sad and more aggressive attitude .
This is bad because NYC needs it more than anywhere else , but a month or so is really about as long as most people will comply , or even self-isolate on their own .
( This is a reason for the classic two-hump pattern in epidemics ) .
I don ’ t know what should be @ @ @ @ @ @ @ s anything to do .
NYC is really serious , even if you think the pandemic is overplayed elsewhere in the US .
But people are people , and your public health strategy has to account for their limits .
Related : Nothing About New York ’ s Outbreak Was Inevitable : Politicians and pundits are acting like the city was destined for a tragedy .
They ’ re wrong .
New York City is sick , and journalists , pundits , and politicians have made a diagnosis : The city ’ s @ @ @ @ @ @ @ is certainly the self-serving conclusion of New York Gov .
Andrew Cuomo .
It ’ s a convenient bit of fatalism for a man presiding over a catastrophe .
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Like any misdiagnosis , this one will make it harder to find the cure .
A cursory look at a map shows that New York City ’ s coronavirus cases aren ’ t correlated with neighborhood density at all .
Staten Island , the city ’ s least crowded borough , has the highest positive test rate of the five boroughs @ @ @ @ @ @ @ densest borough , has its lowest .
Nor are deaths correlated with public transit use .
The epidemic began in the city ’ s northern suburbs .
The city ’ s per capita fatalities are identical to those in neighboring Nassau County , home of Levittown , a typical suburban county with a household income twice that of New York City .
True , New York City apartments are crowded .
The share of housing units with more than one occupant per room is almost 10 percent .
But that number is 13 @ @ @ @ @ @ @ .
As a metro area , New York isn ’ t even in the top 15 U.S. cities for overcrowding .
It ’ s not even the American city with the most apartments per capita ( Miami ) or immigrants ( also Miami ) , to take two other characteristics that critics say might be associated with coronavirus infections .
New York City has a lot of restaurants per capita , places where people gather with strangers every night .
But not as many as San Francisco , which , though it ranks @ @ @ @ @ @ @ density and transit use , had just 20 COVID-19 deaths as of Friday .
If you expand your comparison internationally , New York City looks less exceptional still .
It is not as dense or transit-dependent as , say , Paris ( which has less than half of New York ’ s fatality rate ) or Seoul , South Korea , where the pandemic has been all but controlled .
So what is it about New York City that made it a hot spot ?
Right now , it looks like the most @ @ @ @ @ @ @ leaders ’ belief that the city is unique .
This presumption served first as a reassurance that New York would not follow Lombardy ’ s example , and later as the reason why it had .
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Tragically , what seems to have put New York on such a different trajectory from San Francisco was that its leaders were so late to shut down public life .
Well , with De Blasio as mayor and Cuomo as governor , New York ’ s leadership is uniquely bad , so there ’ @ @ @ @ @ @ @ ’ d say that the disaster did become inevitable when they were elected .

People in their neighborhood — even old people — who were wearing masks a few days ago now aren’t. Long lines at soup kitchens and food pantries and check-cashing places. A generally more sad and more aggressive attitude. This is bad because NYC needs it more than anywhere else, but a month or so is really about as long as most people will comply, or even self-isolate on their own. (This is a reason for the classic two-hump pattern in epidemics). I don’t know what should be done about this, if there’s anything to do. NYC is really serious, even if you think the pandemic is overplayed elsewhere in the US. But people are people, and your public health strategy has to account for their limits.
Related: Nothing About New York’s Outbreak Was Inevitable: Politicians and pundits are acting like the city was destined for a tragedy. They’re wrong.
New York City is sick, and journalists, pundits, and politicians have made a diagnosis: The city’s exceptional density is the problem. That is certainly the self-serving conclusion of New York Gov. Andrew Cuomo. It’s a convenient bit of fatalism for a man presiding over a catastrophe. . . .
Like any misdiagnosis, this one will make it harder to find the cure.
A cursory look at a map shows that New York City’s coronavirus cases aren’t correlated with neighborhood density at all. Staten Island, the city’s least crowded borough, has the highest positive test rate of the five boroughs. Manhattan, the city’s densest borough, has its lowest.
Nor are deaths correlated with public transit use. The epidemic began in the city’s northern suburbs. The city’s per capita fatalities are identical to those in neighboring Nassau County, home of Levittown, a typical suburban county with a household income twice that of New York City.
True, New York City apartments are crowded. The share of housing units with more than one occupant per room is almost 10 percent. But that number is 13 percent in the city of Los Angeles. As a metro area, New York isn’t even in the top 15 U.S. cities for overcrowding. It’s not even the American city with the most apartments per capita (Miami) or immigrants (also Miami), to take two other characteristics that critics say might be associated with coronavirus infections.
New York City has a lot of restaurants per capita, places where people gather with strangers every night. But not as many as San Francisco, which, though it ranks second in the U.S. for both residential density and transit use, had just 20 COVID-19 deaths as of Friday.
If you expand your comparison internationally, New York City looks less exceptional still. It is not as dense or transit-dependent as, say, Paris (which has less than half of New York’s fatality rate) or Seoul, South Korea, where the pandemic has been all but controlled.
So what is it about New York City that made it a hot spot? Right now, it looks like the most exceptional thing about New York is its leaders’ belief that the city is unique. This presumption served first as a reassurance that New York would not follow Lombardy’s example, and later as the reason why it had. . . . Tragically, what seems to have put New York on such a different trajectory from San Francisco was that its leaders were so late to shut down public life.


investmentwatchblog--2020-04-21--American clinics report up to 400% rise in abortion requests.

Government and mass media fear mongering is killing tens of thousands of unborn kids .
All part of the plan .
American clinics report up to 400 % rise in abortion requests .
If there ’ s a Covid-19 economic collapse , this will get much worse By Diana Bruk , a Russian-American journalist living in New York , who has written for The New York Times , The Paris Review , Cosmopolitan , Esquire and Elle , amongst other publications .
“ Having a child right now feels like a big luxury.
” Facing an out-of-control disease , a @ @ @ @ @ @ @ banning abortions as non-essential , many women are rushing to terminate their pregnancies .
The coronavirus pandemic has impacted every aspect of life in the US , including one deeply controversial topic : abortions .
Several states – including Alabama , Arkansas , Louisiana , Ohio , Oklahoma , Tennessee and Texas – are trying to ban abortions , calling them “ non-essential ” procedures in the wake of a public health crisis .
As a result , some clinics have closed , while others are experiencing a spike in requests from women @ @ @ @ @ @ @ still can .

Government and mass media fear mongering is killing tens of thousands of unborn kids.
All part of the plan.
American clinics report up to 400% rise in abortion
requests. If there’s a Covid-19 economic collapse, this will get much worse
19 Apr, 2020 11:47 / Updated 1 day ago
By Diana Bruk, a Russian-American journalist living in New York, who has written for The New York Times, The Paris Review, Cosmopolitan, Esquire and Elle, amongst other publications.
We are primarily funded by readers. Please subscribe and donate to support us!
“Having a child right now feels like a big luxury.” Facing an out-of-control disease, a grim economic climate and with some states banning abortions as non-essential, many women are rushing to terminate their pregnancies.
The coronavirus pandemic has impacted every aspect of life in the US, including one deeply controversial topic: abortions. Several states – including Alabama, Arkansas, Louisiana, Ohio, Oklahoma, Tennessee and Texas – are trying to ban abortions, calling them “non-essential” procedures in the wake of a public health crisis. As a result, some clinics have closed, while others are experiencing a spike in requests from women hoping to get an abortion while they still can.
www.rt.com/op-ed/486184-abortions-covid19-america-clinics/
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