World’s Top Oil Trader Is Now A Used Car Salesman

Vitol Group, the world’s largest independent oil-trading firm, has been startled by the prospects of peak oil demand as it must diversify operations today to survive the decade. Vitol recently formed a new business venture called Vava Cars, aiming to become “the most trusted car transaction platform in the world,” the company states on its website. …

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BoE Warns Of Worst Economic Slump In 300 Years

The Bank of England’s Monetary Policy Committee (MPC) “voted unanimously” to keep the banking rate at 0.1% and left its bond-buying program unchanged despite the country’s worst economic slump in 300 years, caused by coronavirus lockdowns.  MPC voted 7-2 to leave its bond-buying program unchanged at £645 billion. Two of its nine policymakers (Michael Saunders and Jonathan Haskel) voted to increase the…

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Michael ‘Big Short’ Burry Blasts “Unjustifiable” Lockdowns As “Most Devastating Economic Force In History”

Infamous for his painful but ultimately profitable “big short” bet against mortgage-backed securities during the 2008 financial crisis, Michael Burry, the doctor-turned-hedge-fund-manager has been on a multi-day Twitter rant claiming that the lockdowns intended to contain the COVID-19 pandemic are worse than the disease itself. Echoing the thoughts of many, Burry opined in a series of…

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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…

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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,…

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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…

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No Financing And No Demand: Chinese Refiners Run Into Trouble

International banks are suspending credit lines for some independent oil refiners worried about the growing risk of defaults across industries because of the coronavirus epidemic, Reuters reports, citing industry sources… According to the sources, at least three private refiners, or teapots, have had credit lines to the tune of $600 million suspended by banks including French…

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