US Federal Reserve props up zombie companies that should have collapsed – RT’s Keiser Report
Those companies were not innovating any more, analyst states, as they were simply selling goods so they could make their debt service
Author: Kit Daniels
Pirates Raiding Gulf of Mexico as Country Faces Severe Recession
The Golden Age of Piracy was also triggered by widespread joblessness
Over ONE THIRD of crew on France’s only aircraft carrier have contracted coronavirus – military
The vessel was forced to cut short its Mediterranean Sea mission, returning to its home port of Toulon on Sunday
Small Business Bailout Fund To Run Out Of Money Today
While both Democrats and Republicans want to add $250 billion to the small-business aid program, the two parties have been sparring for days over whether to add restrictions to the funds
Government Victims and Entreprenurial Failure: Two Types of Conoranvirus Bankruptcies
The coronavirus crisis has unleashed two types of bankruptcies that are very different, have different causes, and should require different solutions
Thanks to Lockdowns, State and Local Tax Revenues Are Plummeting
State and local government budgets are in danger of collapsing. This will impel politicians to find ways to end the lockdowns
Why Americans Don’t Have Any Savings
Central bankers think too much saving is a problem that must be solved with more money creation. But the real problem is the Keynesian-style fractional reserve banking system
This Isn’t Your Usual Demand-Shock Recession
This recession involves a big supply shock, which means that stimulus-fed consumption will bring capital consumption, which will ultimately lower productive capacity and standards of living
US Ready to Go Back to Work, Kudlow Believes, Says Trump to Make Announcement Soon
We want to get folks back to work, Kudlow says
Gold Prices Hit Record High Amid Investors’ Fears Over COVID-19 Economic Fallout
Gold prices skyrocketed to their highest since November 2012
Brent Oil Price Falls Below $30 Despite OPEC+ Deal
May futures for WTI crude fell by 5.98 percent to $21.07 per barrel
Galactic bulge modeling sheds light on galaxy evolution
The study revealed that the stellar population at the center of the most massive spiral galaxies is older than the stars at the edge of the bulge
Earth has a ‘leaky core’ resulting in iron-rich lava eruptions, researchers find
The leaky core is likely responsible for the high levels of iron deposits found in volcanic eruptions off the coast of Samoa and Hawaii
In an Age of Pandemics We Need More Freedom to Trade, Not Less
It is thanks to global trade that we now have access to many more resources for treatment and prevention of disease, including COVID-19
The Fed’s Balance Sheet Skyrockets as It Doubles Down on Inflating Asset Prices
The Fed’s portfolio is now 35 percent larger from the time the Fed promised to “taper” back its portfolio and “normalize.”