Coronavirus
Crashing Capital Markets and Banking Sector Bankruptcies, Followed by a Flood of Corporate Bankruptcies
Could the coronavirus act as a catalyst for a new global economic crisis? It certainly has that potential – but how would the crisis proceed? In the December 2018 issue of our Q-Review, we laid out the likely scenarios of an approaching global economic collapse. But, like most things in life, such a dramatic event is unlikely to proceed in…
We’re Not Going Back To ‘Normal’…
Turn the key and the economy will restart. That’s a myth a lot of people in the mainstream have peddled since governments started shutting down the economy in response to the coronavirus pandemic. That’s not going to happen. We’re not going back to normal. In fact, things weren’t “normal” before the pandemic. As Peter Schiff…
Goldman On Gold: “Time To Buy The Currency Of Last Resort”
A month ago, Goldman Sachs suggested there is more to come for precious metals as with rates getting closer to their lower bound, gold looks increasingly like the safest haven. At the start of March, Goldman’s head of commodity strategy said there is one commodity that will be safe: gold “which – unlike people and our economies – is…
Noted Investor Warns Trump If He Doesn’t “Shut Down” Entire Country for 30 Days
Due to coronavirus, we will lose “America as we know it”… While a number of experts have already warned that the impact of the Wuhan coronavirus (COVID-19) on the United States is expected to be tremendously negative, a respected hedge fund manager sounded an even louder alarm on Wednesday. In an interview with CNBC, Bill Ackman,…
Midtown Manhattan Bank Runs Out Of $100 Bills Amid Corona Panic
With the stock market plummeting as the realities of the COVID-19 outbreak sink in, nervous New Yorkers flooded a Midtown Manhattan Bank of America – taking out large sums of cash into the tens of thousands of dollars at a time. So much so, in fact, that the branch at 52nd St. and Park Avenue ran…
The Blood Bath Has Begun
Don’t forget, the Spanish Flu pandemic lasted from January 1918 to December 1920. Facebook Twitter Pinterest Email Fear of the coronavirus is causing shutdowns on a global scale like we have never seen before. Just about every major sporting event that you can think of has been either canceled or postponed, schools and universities are keeping students away,…
We Just Witnessed The Largest Single Day Stock Market Point Crash In History (Again)
It has happened again. On Thursday the Dow Jones Industrial Average fell 2,352 points, which was the largest single-day stock market point crash in history. Of course, the old record only lasted for three days, because on Monday the Dow dropped 2,013 points. And on Wednesday, we actually witnessed the third-largest single-day stock market point…
Fear Of The Coronavirus Is Causing A Stock Market Apocalypse
This day is here– get ready, the virus WILL spreads throughout the US and Europe, governments will respond the same way China’s government has; martial law and full-blown concentration camp culture. This would lead to civil war in the US because we are armed and many people will shoot anyone trying to put us into…
Global bank on lockdown as JPMorgan tells employees to work from home
Preparing for the worst, America’s largest bank is going on lock down to prepare for the coronavirus. It’s all part of JPMorgan’s “virus contingency plan” that calls on thousands of US employees to work from home and others to be relocated. The bank’s risk department said the plans are a “precautionary” measure to reduce physical contact should…
The Biden Bounce: Dow Futures Up 666 As Traders Forget About Panicking Fed
Biden + 666 maybe the same, EVIL… Futures have staged a miraculous recovery after yesterday’s historic drop – the biggest ever on a day when the Fed cut rates, and are up against some 70 points from yesterday’s close… … and Dow futures were up a delightfully appropriate 666 points… … as investors decided to…