from RoadtoRoota:
Real-World Problems: The Current State of The Gold Market In Plain Language
by Sam Laakso, Voima Gold:
There have been recent rumors in the gold market about the availability of physical gold. Some social media personalities and news agencies have claimed that there is a shortage of physical gold on the market. However, it is not so much about a shortage of gold, but rather a sudden demand for gold in places where it cannot be quickly supplied in the desired form.
CFTC Quietly Bails Out Capital One
from ZeroHedge:
Last Friday, around the time of the quad-witching collapse which sent the S&P to levels not seen since Trump’s inauguration, amid the flurry of headlines bombarding shell-shocked traders, was one that was particularly ominous if bizarrely incomplete. Shortly after the close, Bloomberg blasted the following headline:
- CFTC PROVIDING RELIEF TO LARGE U.S. BANK ACTIVE IN OIL, GAS
Panic Buying Bullion? Raging Coronavirus Pandemic Reportedly Fuels Gold Rush in US
from Sputnik News:
The United States has become the country most affected by the pandemic, with over 104,000 cases along with at least 1,500 deaths.
US investors and bankers are facing “severe shortages” of gold bullion and coins due the increasing coronavirus pandemic, The Wall Street Journal reports.
“Dealers are sold out or closed for the duration. Credit Suisse Group AG, which has minted its own bars since 1856, told clients this week not to bother asking. In London, bankers are chartering private jets and trying to finagle military cargo planes to get their bullion to New York exchanges”, according to the newspaper.
The Fed’s Monetary “Moon Shot” Puts Inflation on a Powder Keg
from Birch Gold Group:
It might be time to call NASA because the Federal Reserve has recently increased its balance sheet so fast that the resulting line chart could be mistaken for a monetary “moon shot.”
In an unprecedented move, the Fed’s balance sheet has “gone vertical,” shooting up to an astounding $4.67 trillion.
This official chart shows the vertical spike:
Watch The Virus Checks Become Permanent Income
by John Rubino, Dollar Collapse:
Two things about the coronavirus relief checks the government will soon start sending out: First, it looks like they’ll take a while to arrive:
Show Me The Relief Money – No Promises On When Coronavirus Checks Are Coming
About 90% of households — approximately 165 million — will benefit from direct payments, according to the Tax Policy Center.
Due to the Coronavirus Hoax, Consider the Consequences of Martial Law and Asset Takeover Going On in America
by Gary D. Barnett, Lew Rockwell:
Among all the panic and misinformation being spewed by politicians at all levels and the complicit mainstream media, what is going on under the radar that will greatly harm Americans much more than this virus ever could? First, all the legislation, executive orders, and mass control measures happening now will never go away, and will cause undue tragedy for years to come. Secondly, the biggest wealth transfer in history is going on right before our eyes, and of course is mostly ignored due to this government manufactured false pandemic. The economic fallout that has already caused mass devastation will only worsen the longer these quarantine measures are in place, and will cause havoc for an unknown amount of time.
A Warning From the Great Depression
by Brian Maher, Daily Reckoning:
3.28 million.
That is the total number of unemployment claims Americans filed last week — nearly five times the prior record of 695,000, from October 1982.
“We’ve known this number was coming for a week and a half,” laments Tom Gimbel, who captains a Chicago employment agency, adding:
It doesn’t surprise me at all. When you see a city like Las Vegas get shut down, I don’t know what other options there were than seeing a number like this.
A fellow must take his comforts where he can find them these days. And precious few are on offer.
