There are decades where nothing happens and there are weeks when decades happen. -Vladimir Lennin.  Everything Gordon and I have been talking about has come to fruition. The size and magnitude of the problem has been grossly understated. Oil companies, state and local government debt. Globally it’s even worse. 50-60 percent of S&P profits are coming out of the global economy. The forward PE is 20, higher than at the peak. Other than the US markets, everyone else’s are imploding. What we’ve seen in terms of monetary and fiscal policy is unprecedented. We’re attempting to bailout the world and it won’t end well. In the next stage we will lose confidence in the government and the currency. You can always count on politicians to print money and then getting it into the right hands. The PPP was a complete scam. The rats are deserting the ship.

Something was going to pop these bubbles and it just happened to be the Coronavirus. Oil crashed again to $12 per bbl. Diamond Offshore just went BK. Offshore drilling is super costly and their oil has no market. 27 oil tankers off the coast of Long Beach and even more off the coast of Singapore. We’re almost at the point where there’s no more storage capacity. Until we start driving and flying again real soon. Shale oil junk bonds are worthless. The oil producing countries have either cut spending dramatically or they have to borrow a ton of money that isn’t available. Money center banks, hedge funds and pension funds are going to see massive losses. It starts with oil and ends with Illinois. States will go bankrupt. Trump asked why we should bail out Blue States. The number of things that blow up become catastrophic. The Feds have no choice but to bail out everything and that’s the end of the dollar, as we know it. There’s not a hedge fund left after the big bang!

New York Based - Attorney Jonathan Bell (BellLG.com) is a Labor and Employment Attorney and the Founder of Bell Law Group, PLLC. Jonathan Bell discusses: Coronavirus Job Losses Could Total 47 Million While Unemployment Rate May Hit 32% Potential Future Lawsuits Against Employers Over The Coronavirus What are three ways that Coronavirus may create lasting change at the workplace? How the Family and Medical Leave Act applies to the coronavirus  Companies' Legal Obligations Around Coronavirus Furlough Vs Fired And many other important topics.

It happened in London in 1665, the Black Death was taking a 20 percent die-off toll. In 1666 the great fire of London happened. Most homes were destroyed. In the 1550’s there was a credit shortage along with a touch of plague. According to Bob, the diseases don’t do the market in, the markets do themselves in. The economy was going to turn down with the stock market no matter what, and then Covid 19 came along. The entire event has provided another example of ambitious leftists trying to increase their power and doing immense economic damage in the process. You can expect gold prices to stay strong and gold mining profits will continue to be extremely healthy. We’re in for a great market for juniors. Silver will outperform gold as always. It's just a matter of time.

According to Gerald Celente the Covid 19 lockdown has been totally overblown and it has destroyed the global economy. One of the top trends for 2020 outline in the Trends Journal was New World Disorder, including much civil unrest throughout the world. Violence, poverty and corruption. They were rioting around the world because the economy was going down, fast. Car sales tanking worldwide. China, worst GDP growth in 30 years. The psychopathic politicians are driving the world back into the Stone Age. The pandemic models have been completely fraudulent. The deaths have been nowhere near what had been predicted. Don’t believe anything. The big question is will they ever open the economy up again?

When we last spoke with Gerard Lameiro several weeks ago he predicted that there was an 80 percent chance that the worst of the pandemic would pass sometime between April 15 to May 15. And it appears he was correct. While you might not read it in the New York Times, it does indeed appear that the worst is behind us. And now several states are reopening with more on the way. Let's see what happens next.

Bold captains are required for rough seas. On the surface the two could not appear more different. Churchill was an amazing orator and Trump is an amazing tweeter. Churchill was a drinker and took afternoon naps. Trump is a teetotaler and hardly sleeps at all. They were both prepared to take advice from experts and advisors around them, however they always acted on their gut. In the end, both of them were always proven to be right. Both have been continually derided as being wrong and wreckless, however they were always right in the long run. And they each have their failings, as do all men. Does the man make the time or does the time make the man? Their life experiences and what they learned prepared them to be the right men for their time. And time will tell.

Craig Hemke and I have been warning you for many years that we would one day arrive at this point and here we are. $6 trillion in stimulus, oil trading at negative prices, people locked down in their homes and the global economy in shambles. 2008-09 was a dry run for what we are facing today. Gold stocks like Newmont and Barrack may be the only stocks with increased earnings. Perhaps mining companies should be buying energy futures as this is a major cost center for mining. There’s lots more here that you need to listen carefully to.

Pretty much everything is falling apart. You’ve got oil in negative numbers, never happened before. You’ve got a large part of the planet still on lockdown and you’ve got central banks printing money like nobody’s business. Hopefully, there is an end in site, but how much longer can things go on before there’s a complete implosion. Danielle and I discuss what’s coming down the road and for many of us, it ain’t pretty. Be prepared and become debt-free. There are big changes coming to the economy and to all of our lives. Now’s the time to prepare.

Danielle DiMartino Booth is truly a global thought leader on monetary policy, economics and finance. Her book FED UP: An Insider’s Take on Why the Federal Reserve is Bad for America provides an insider's perspective of the potential damage an overreaching, out of control Fed can do. We discussed the economic ramifications of what will be left in the wake of the Covid 19 pandemic. 15% unemployment is the tip of the iceberg. The situation is bleak and the Fed is doing everything wrong, as is the government. The stimulus dollars aren't finding their way to the people most in need. Are we past the point of solutions? What can we the people do about it? Interesting, troubling issues.