Pentagon Orders Essential Staff To Deep Underground Mountain Bunkers in Colorado As Pandemic Prep Escalates. North American Aerospace Defense Command (NORAD) & the US’ Northern Command (NORTHCOM) held a Facebook Live town hall meeting on Tuesday, March 24, informing the public how…
Bailouts for the Rich, the Virus for the Rest of Us
For the second time in a generation, the President and Congress are creating an artificial economy under the guise of ‘saving the economy.’ Through bailouts for the executives of corporations and institutions whose coffers have been emptied for their own…
The Real Reason for The Rescue: JPM and Citi Have $2.96 Trillion in Exposure to CDS
JPMorgan Chase and Citibank Have $2.96 Trillion in Exposure to Credit Default Swaps. According to the most recent report from the regulator of national banks, the Office of the Comptroller of the Currency (OCC), JPMorgan Chase has exposure to $1.2 trillion in…
Ford and 3M Designers Making Respirators Out of F-150 Seat Coolers
Ford and 3M Designers Go MacGyver, Making Respirators Out of F-150 Seat Coolers, Power Tool Batteries and Pool Supply Hoses. Their creative collaboration combines off-the-shelf components with digital fabrication and ingenuity. To help fight the COVID-19 crisis, Ford and 3M’s…
Key Points of $2 Trillion Stimulus Package
While it will take some time to sort through all the pork contained in the massive $2 trillion coronavirus legislation negotiated between the Trump administration and Congressional leaders early Wednesday, here are some of the major provisions. The bill –…
Dems $2.5 Trillion Counterproposal Includes Delays For Mortgage, Auto, And Credit Card Payments
The $2.5 Trillion economic stimulus plan unveiled by House Speaker Nancy Pelosi (and which is ‘on the 5 yard line’ according to Senate Majority Leader Mitch McConnell) will have significant implications for the financial sector – forcing lenders to grant reprieves from mortgage, car,…
Dems Unveiled $2.5 Trillion Stimulus Counterproposal
House Democrats Unveil $2.5 Trillion Stimulus Counterproposal, $1.5k Direct Payment per Person. The new Democrat counterproposal will equate to nearly $2.5 trillion, including a $1,500 direct payment to citizens. It will include $150 billion in healthcare funding, $80 billion in…
Boris, Don’t Listen to Sir Vallance and Tim Martin!
Boris Johnson appeared at a press conference flanked by England’s chief medical officer, Professor Chris Whitty, and the government’s chief scientific adviser, Sir Patrick Vallance. Boris Johnson wanted the UK to know the nation’s best experts – and its politicians –…
Governor Cuomo Orders NY Lockdown, GS Now Expects A Record 24% Crash In Q2 GDP
Cuomo Orders 100% Of New Yorkers To Stay Home. The morning after California laid out the most restrictive measures to combat the virus in the US, NY Gov. Andrew Cuomo on Friday laid out new measures for New York State…
Lufthansa to Cut 95% of Flights
Lufthansa to cut 95% of the fleet in survival mode. Three of the world’s leading airlines laid bare the devastation the epidemic is inflicting on air travel, with Deutsche Lufthansa AG and Delta Air Lines Inc. parking a total of 1,500…
Boeing Seeks “A Minimum $60 Billion” Government Bailout
Aerospace giant Boeing seeks “a minimum $60 Billion” government bailout after fully drawing-down $13 Billion credit line. This bailout demand comes after the company blew nearly $100 billion on stock buybacks since 2013helping push its stock to all-time highs not that long…
IATA: Airlines Urgently Need $200B In Capital
Global airlines running out of cash, need government support. Swift government action is needed to help global airlines that are in a desperate situation and running out of cash, the International Air Transport Association warned on a media call on…
Global Liquidation Continues Despite Massive Monetary Intervention
Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program i.e. QE5. US Futures were halted limit-down overnight, and when cash markets opened, they were halted (down over 7%) before rallying all the way back up…
Spain And France Declare Lockdowns, Berlin Shuts Museums And Brothels
Spainish impose 15-day lockdown effective immediately. France announces national lockdown. Berlin shuts museums, bars and even brothels, in tough crackdown on virus spread. Spanish Prime Minister Pedro Sanchez has signed the emergency decree Spain under an Italy-style lockdown as more European countries…
FED Unveiled $3 Trillion Repo Bailout, Expands “Not QE4” To Genuine QE5
After increases in its repo facility twice already this week, from $100billion to $150billion to $175billion per day, and adding added a new 1-month term repo facility, the New York Fed just stunned the market and fired its biggest bazooka…