This article was contributed by Lior Gantz of the Wealth Research Group.
The WTI oil benchmark, which is the price gauge that matters in America, CRASHED yesterday to MINUS $40/barrel, right before the futures expiration time. Today, the price is right above ZERO and the problem is STORAGE SPACE.
You can’t make this stuff up; CLOSING DOWN an economy has proven itself to be FAR MORE disastrous than previously thought.
Don’t even look at the market in order TO UNDERSTAND what’s going on; there’s a major DISCREPANCY between the situation on the ground and the valuations of Corporate America businesses.
Check out the price of WTI going BELOW -$37:
Courtesy: Zerohedge.com
Howard Marks, the billionaire hedge fund manager behind Oaktree Capital and a person I greatly appreciate in terms of market hunches, SPECIFICALLY in times of distress, has said that the purpose of investing is to make a FEW GOOD TRADES, not one PERFECT trade.
Oil prices, measured by WTI (West Texas Intermediate) are reflecting a TRULY existential crisis.
It was the BIGGEST-EVER daily crash at over 300%.
This means that either a wave of defaults is coming or the banks will have to restructure thousands of loans, or it means the GOVERNMENT will have to come together to STOP THIS.
Either way, we are VERY CLOSE to a bottom, but since we can only know when it hits AFTER THE FACT, I’m making moves right now.
Millions of AMERICANS have lost the single source of income they rely on to make ends meet.
This is turning into a GIANT WEALTH TRANSFER, and the amount of EXPLAINING that governments will have to do in order to make this right is ENORMOUS.
In times like these, you must FORTIFY your psyche with the right thoughts.
I’m starting my day by writing everything that has made me stronger throughout my life, PROVING TO MYSELF that I know how to stand up to tyranny, crises, and situations that are out of my control.
My daily routine always begins with going over my PRIMARY LIFE PRINCIPLES.
Gratitude is the ONLY correct mental attitude that can put everything else in perspective.
Everything in life is a lesson, not a test. Right now, there’s suffering the world over and you can see that GREAT LEADERSHIP is a scarce commodity.
You need to focus on WRITING DOWN your current challenges and think them through. Crises birth ideas, insights, and new beliefs.
While we lie down on feathered cushions, we learn nothing. It’s only when we’re slapped that our mind kicks into OVERDRIVE.
I’m not wasting any energy on non-essentials. The COVID-19 pandemic has RAMIFICATIONS for all of us and we ought to be asking the following:
None of us have EVER BEEN THROUGH a scenario where making money is nearly illegal. This is going to end up being DISRUPTIVE in ways we can’t even imagine, but if you keep COMPOSED, you can come out energized, strong, and READY on the other side.
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h ttps://news.yahoo.com/dozens-oil-tankers-docked-long-205542913.html
Dozens of oil tankers, docked off of Long Beach, reminded me of Rev 18 —
“The merchants of these things, which were made rich by her, shall stand afar off for the fear of her torment, weeping and wailing, And saying, Alas, alas, that great city, that was clothed in fine linen, and purple, and scarlet, and decked with gold, and precious stones, and pearls! For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off, And cried when they saw the smoke of her burning, saying, What city is like unto this great city! And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas, that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.”
During the fuel extortion “crisis” in the 1970s, some said everyone should stay home and it would break the back of the conspiracy – since it was moneymaking for big-shots it was given legalistic window dressing as an “Organization.” People who went offshore on larger fishing boats, for example, saw tankers just sitting out at sea, waiting for the prices to rise (OK, Captains waiting for orders from their bosses, etc.). This proves the validity of the argument. And, the corporations and their owners can’t drink the oil.
This is what a pandemic is folks. This is why we prep. EROL is more likely than NROL as we are learning.
The government is right to shut everything down until the curve drops.
The anti lockdown protesters should be dispersed or arrested. The more people that stay home the faster this will be over.
“Cliff’s Notes” on Epidemiology.
When you were a kid, and your friend. little Bobby had a cold, your mother (mothers qualify for Sainthood) told you to stay away from him or you’d get it too. If you played with him, you generally caught a cold.
If a kid came to school with Chicken Pox, others in class would get it, too. That’s why the kid would be sent home as soon as it was noticed.
You now know what you need to know about the spreading of disease. Everything else is technicalities, which thankfully are used to help prevent or cure, but that’s for specialists.
“The anti lockdown protesters should be dispersed or arrested.” – You argue for tyranny? Please don’t assume the role of a useful idiot.
The medicine is is gonna destroy us long before the disease if we don’t reopen very soon.
Eisen, you are wrong. The faster we get exposed, the faster it gets over. Letting people come out later means they will get exposed later. It will drag this thing out. This is a disease of people that are already sick. Locking down sick people is quarantine. Locking down healthy people is dictatorship.
Philip Giraldi reported in his article today, “A Government Against the People” that the only small businesses that are receiving loans made available through the emergency relief are Israeli companies.
Giraldi also said that the shake-up in the intelligence agencies continues, with loyalty to Trump and Israel being the only litmus tests, which was obvious to anyonne that has been reading various legislative acts that have handed national security over to Israel, lock, stock, and barrel. The only people left in the intelligence agencies will be either complete imbeciles, double-agents, or a combination of the two.
Obviously, Israel and the Jews are panick stricken since they were guilty of the 9/11 attacks, and it is undeniable that the entire financial system, tech sector, and media are totally controlled by Jews, who have been 100% guilty of outright financial fraud, not limited to those in the financial sector, but the Jewish population at large who has disproprtionately benefited financially from an economy that has in fact been based on outright financial fraud that is defiant of all logic and math, which demonstrates that the goal and acheivement of the Jewish run financial and tech sectors has been to enrich the Jewish population at everyone else’s expense, even to the point of destroying the economy and country, and it was all done through the Jewish controlled media.
Who are the real racists here? Follow the money! 70% of Jews in America are millionaires. Considering that there are many Jews that are not of working age, or have been in the job market for a very short period of time, I would have to say that that is extremely unbelieveable that it is not a direct result of racism that favors Jews at the expense of everyone else!
We are all Palestinians now!