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  • ‘Piracy’ Or America First? US Customs To Seize All Exports Of Masks & Gloves 

    ZeroHedge - Apr 9th 2020 7:00pm EDT

    ‘Piracy’ Or America First? US Customs To Seize All Exports Of Masks & Gloves  A policy that US allies in Europe have recently slammed as ‘piracy’ is set to continue, as Washington unabashedly and unapologetically continues blocking shipments from US soil of personal protective equipment (PPE) — such as gowns, gloves, and N95 face masks — which hospitals […]

  • The COVID-19 “Lockdowns” Are What Twenty-First-Century Mob Rule Looks Like

    ZeroHedge - Apr 9th 2020 6:40pm EDT

    The COVID-19 “Lockdowns” Are What Twenty-First-Century Mob Rule Looks Like Authored by Ryan McMaken via The Mises Institute, As of April 6, forty-one states have statewide “stay-at-home” decrees in place. These orders vary widely from place to place. In some states, there are long lists of exempted industries including marijuana dispensaries, liquor stores, hardware stores, and of […]

  • The Day The Fed Nationalized The Bond Market: The Complete Summary Of Everything The Fed Did Today

    ZeroHedge - Apr 9th 2020 6:20pm EDT

    The Day The Fed Nationalized The Bond Market: The Complete Summary Of Everything The Fed Did Today Two weeks after the Fed stunned markets by doing something not even Ben Bernanke dared to do, start buying investment grade corporate bonds, today the Fed’s nationalization of the entire bond market was complete when the Fed – […]

  • Dr. Fauci: I Don’t Think We Should Shake Hands “Ever Again”

    ZeroHedge - Apr 9th 2020 6:00pm EDT

    Dr. Fauci: I Don’t Think We Should Shake Hands “Ever Again” Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases (NIAID) was optimistic yesterday (and the media crowed about his sudden about-face) as he said he hopes to see a “light at the end of the tunnel” by the end of […]

  • The Elites Are Already Prepared For The Coming Collapse Of The Dollar Bubble

    ZeroHedge - Apr 9th 2020 5:40pm EDT

    The Elites Are Already Prepared For The Coming Collapse Of The Dollar Bubble Authored by Brandon Smith via Alt-Market.com,’ Today, stock market investors are hoping desperately for Weimar-style hyperinflation to boost equities prices to dizzying heights in what some call a “crack-up boom”. In terms of money creation, we are not there yet, but such […]

  • Media On ‘Jihad’ Against Anti-Malaria COVID-19 Treatment Since Trump Endorsed Use: AG Barr

    ZeroHedge - Apr 9th 2020 5:20pm EDT

    Media On ‘Jihad’ Against Anti-Malaria COVID-19 Treatment Since Trump Endorsed Use: AG Barr Ever since President Trump endorsed the use of an anti-malaria drug to treat COVID-19 patients, the media has been on a “jihad” against it, according to Attorney General William Barr. Touted as a “game changer” by President Trump, hydroxychloroquine – a treatment […]

  • Battle Of The Sexes? Arizona Lawmakers Duke It Out Over Transgender Athlete Bill

    ZeroHedge - Apr 9th 2020 5:00pm EDT

    Battle Of The Sexes? Arizona Lawmakers Duke It Out Over Transgender Athlete Bill Authored by Clay Robinson via CampusReform.org, The Arizona House Republicans approved a bill to ban transgender women, those born as biological males, from competing in women’s sports. Rep. Nancy Barto, a Phoenix Republican, is the sponsor of the Save Women’s Sports Act which prevents […]

  • Insanity: As The US Enters A Depression, Stocks Are Now The Most Overvalued Ever

    ZeroHedge - Apr 9th 2020 4:40pm EDT

    Insanity: As The US Enters A Depression, Stocks Are Now The Most Overvalued Ever Two days ago, when a platoon of clueless CNBC hacks said that stocks were extremely undervalued, and must be bought (on their fundamentals, not because the Fed was about to nationalize the entire bond market and is set to start buying […]

  • Mish: Small Business Guarantees Are A Bucket Of Moral Fraud

    ZeroHedge - Apr 9th 2020 4:26pm EDT

    Mish: Small Business Guarantees Are A Bucket Of Moral Fraud Authored by Mike Shedlock via MishTalk, The coronavirus Small Business Relief program is a bucket of first come first serve moral fraud. The New York Times says Small-Business Relief Effort ‘a Mess’ The Hill says Small businesses still struggling for loans even as $100B is approved The […]

  • Gold Soars Along With Everything Else As Fed Ends Capital Markets As We Know Them

    ZeroHedge - Apr 9th 2020 4:02pm EDT

    Gold Soars Along With Everything Else As Fed Ends Capital Markets As We Know Them As we noted earlier,  The Fed’s actions this morning mean “free markets are dead.” Guggenheim’s Scott Minerd summed up exactly what The Fed has done with its actions today: “The Fed has made it clear that it will not tolerate […]

  • Why Central Planning By Medical Experts Will Lead To Disaster

    ZeroHedge - Apr 9th 2020 3:50pm EDT

    Why Central Planning By Medical Experts Will Lead To Disaster Authored by Gary Galles via The Mises Institute, A great deal of the coverage of the COVID-19 crisis has been apocalyptic. That is partly because “if it bleeds, it leads.” But it is also because some of the medical experts with media megaphones have put […]

  • Wimbledon Just Got Paid $141 Million On “Pandemic Insurance” They’ve Been Paying For The Last 17 Years

    ZeroHedge - Apr 9th 2020 3:35pm EDT

    Wimbledon Just Got Paid $141 Million On “Pandemic Insurance” They’ve Been Paying For The Last 17 Years Somebody at Wimbledon is definitely earning their keep. As the pandemic hit this year, the tournament was far more prepared than most organizations. For the last 17 years, Wimbledon has paid $2 million per year in “pandemic insurance” to […]

  • Mexico Folds, Agrees To Join OPEC+ Output Cut After Dramatic Objection

    ZeroHedge - Apr 9th 2020 3:34pm EDT

    Mexico Folds, Agrees To Join OPEC+ Output Cut After Dramatic Objection Update: Well, that didn’t take long. Less than an hour after news of its objection to the OPEC+ production cut hit, with Mexico even threatening to quit OPEC and become an observer, the OPEC member state has folded and has agreed to join the […]

  • Saudi Hospitals Alerted To “Influx Of VIPs” As 150 Members Of Royal Family Have COVID-19

    ZeroHedge - Apr 9th 2020 3:04pm EDT

    Saudi Hospitals Alerted To “Influx Of VIPs” As 150 Members Of Royal Family Have COVID-19 Despite the Saudis starting as early as February in shutting key public sites down in the kingdom, including the historically unprecedented shuttering of the pilgrimage to Mecca, it’s been reported this week that COVID-19 has hit the Saudi royal family […]

  • “Our World Is Forever Changed”: Bretton Woods Is Now On A Ventilator

    ZeroHedge - Apr 9th 2020 2:50pm EDT

    “Our World Is Forever Changed”: Bretton Woods Is Now On A Ventilator Submitted by Guy Haselmann, founder of FETIgroup.com Introduction As the pandemic dissipates, businesses open and individuals come out of hibernation, our world will be forever changed. Time at home has allowed for self-reflection. New behaviors will be adopted by individuals and businesses alike. […]

  • Oil Plunges As Saudi Deal “Nowhere Near Enough”; Goldman Now Expects WTI To Drop Back To $20

    ZeroHedge - Apr 9th 2020 2:37pm EDT

    Oil Plunges As Saudi Deal “Nowhere Near Enough”; Goldman Now Expects WTI To Drop Back To $20 Moments ago, we reported that as part of what is the largest production cut deal in history, both Saudi Arabia and Russia will cut their output by 20%, capping their output to 8.5MM b/d in May and June […]

  • Kimbal Musk’s Restaurant Chain Bilks Its $2/Hour Waitstaff Out Of Their Emergency “Family Fund”

    ZeroHedge - Apr 9th 2020 2:26pm EDT

    Kimbal Musk’s Restaurant Chain Bilks Its $2/Hour Waitstaff Out Of Their Emergency “Family Fund” If the “bait and switch” is becoming a Musk family tradition, Kimbal Musk could be learning from the best. But the brother of billionaire Elon Musk may have hit a new low in bilking money out of the staff at his […]

  • The Fed And The Treasury Have Now Merged

    ZeroHedge - Apr 9th 2020 2:21pm EDT

    The Fed And The Treasury Have Now Merged Submitted by Jim Bianco of Bianco Research As I’ve argued, the Fed and the Treasury merged. Powell said this was the case today (from his Q&A): These programs we are using, under the laws, we do these, as I mentioned in my remarks, with the consent of […]

  • UK Prime Minister Boris Johnson Leaves Intensive Care

    ZeroHedge - Apr 9th 2020 2:19pm EDT

    UK Prime Minister Boris Johnson Leaves Intensive Care Though he remains hospitalized, UK Prime Minister Boris Johnson has left intensive care, Downing Street said Thursday afternoon. The news will come as great relief to Britons who rallied around the PM this week as his condition deteriorated markedly, nearly leading to his intubation. Fortunately, he was […]

  • An American Horror Story: Rabobank On The Recession Of 2020

    ZeroHedge - Apr 9th 2020 2:09pm EDT

    An American Horror Story: Rabobank On The Recession Of 2020 Authored by Philip Marey via Rabobank, Summary While the outlook for 2020 remains sketchy, heavily dependent on non-economic factors, we now expect GDP to fall by 6% in 2020. With a slowdown in February and a sharp contraction of the economy in March, we expect […]

  • Largest French Bank Lost $200MM On Equity Derivative Trades As Market Crashed

    ZeroHedge - Apr 9th 2020 1:50pm EDT

    Largest French Bank Lost $200MM On Equity Derivative Trades As Market Crashed BNP Paribas SA, the largest French bank, lost hundreds of millions of dollars on complex stock trades as markets crashed in March, Bloomberg reports. Traders at the Paris-based bank, which together with SocGen has long carved out a niche in sophisticated derivative trades […]

  • March Class-8 Heavy-Duty Truck-Orders Collapse To Worst In A Decade

    ZeroHedge - Apr 9th 2020 1:36pm EDT

    March Class-8 Heavy-Duty Truck-Orders Collapse To Worst In A Decade Preliminary orders for Class 8 trucks in March plunged to their lowest levels since February 2010. And to make matters worse, one could argue that March wasn’t even fully affected by the coronavirus and that April’s numbers could wind up being significantly worse.  ACT Research said that […]

  • Government Overreach Is Eviscerating Your Freedoms

    ZeroHedge - Apr 9th 2020 1:20pm EDT

    Government Overreach Is Eviscerating Your Freedoms Authored by Bruce Wilds via Advancing Time blog, It is important to recognize the value of individual freedom, many people have sacrificed their lives to protect this valuable commodity. With this in mind, I write, it is the right and duty of every citizen to question the actions of […]

  • Former Baltimore Mayor Pugh Headed For Alabama Prison

    ZeroHedge - Apr 9th 2020 1:05pm EDT

    Former Baltimore Mayor Pugh Headed For Alabama Prison Convicted former Baltimore Mayor Catherine Pugh has been assigned to an Alabama women’s prison, expected to report to jail by the end of April, reported CBS Baltimore, citing new court documents.  Pugh was sentenced on February 27 to three-years after pleading guilty to tax evasion and fraud-related charges to the “Healthy […]

  • Biden: “Coronavirus Is Helping My Numbers”

    ZeroHedge - Apr 9th 2020 12:50pm EDT

    Biden: “Coronavirus Is Helping My Numbers” Authored by Steve Watson via Summit News, Presumptive Democratic candidate Joe Biden said Wednesday that the coronavirus has ‘helped’ his campaign. When asked if the virus spread had hurt his campaign, Biden said “Based on the polling data, it’s helped me.” He took a swipe at President Trump, adding “The […]