Business
Topics Include: *Covid-19 Stay-At-Home update *US Unemployment Claims have exceeded 26m over the last 5 weeks *Why a "V" shaped economic recovery is unlikely *The first crash (wave down) in equity prices has been the most violent in many years *If this economic crisis were a baseball game, we would still be in the first inning *Current equity market rally is likely a "suckers rally" *Patterns from the last Great Depression include: Destruction of businesses in the middle of the supply chain *End user prices to rise *First order producers to fail *Farmers go bankrupt, lose farms *Rise and Fall of Empires *US empire in Decline *China empire on the rise *During decline of empires other rising nations test the declining empires strength *US Warships ordered to open fire on any Iranian vessel coming close to US Vessels *Why we are on the path to the next worlds reserve currency *How the coming negotiations for the next currency system will be done by sovereigns, and whoever has the largest stockpiles of physical gold will have the greatest negotiating leverage *Why central banks shifted from net sales to net buys of physical gold *How the physical reality of physical markets versus futures markets can diverge during crisis *How the problem in the oil complex is the opposite of the gold complex - there is not enough storage space for oil, while delivery of gold has been constrained *Scenario where gold could go no-offer, forcing gap ups in price *US Energy independance, barring government subsidy, is dependant on an oil price above $35/bbl