by Jose Nino, Big League Politics:
According to Mike Shedlock of Mish Talk, there have been 70 bankruptcies through April of 2023.
For perspective, in 2009, 118 bankruptcies took place through April. During the height of the Wuhan virus in 2020, there were 71 bankruptcies through April.
Shedlock listed off some of the most prominent companies to file for bankruptcy in the fourth month span in 2023:
by Ed Steer, Silver Seek:
The gold price wandered quietly sideways until around 12:30 p.m. China Standard Time in GLOBEX trading on their Friday afternoon — and from there it was sold quietly lower until the the commercial traders of whatever stripe pulled their bids when the jobs report was released at 8:30 a.m. in New York. Its low tick was set at, or minutes after, the 10 a.m. EDT afternoon gold fix in London — and its ensuing rally ran into ‘something’ around 12:45 p.m. It then traded quietly sideways to a bit higher until the market closed at 5:00 p.m. EDT.
by Wolf Richter, Wolf Street:
Investors exacting their pound of flesh for the risk of a default “as early as” June 1.
The chaos has been going on for weeks. And then it got funny at the Treasury auction on Thursday. Back on April 20, I marveled that the totally crazy 164-basis-point spread between the one-month and two-month Treasury yields: the one-month yield collapsed to 3.4% in just days (from 4.8%), while the two-month yield was just fine, ticking up past 5%. A plunging yield means that the price is surging amid huge demand. Investors were piling into a safe asset that will give them their money back in about a month, before June. What might happen in June? The US might default. That was the calculus back then.
from The Jimmy Dore Show:
TRUTH LIVES on at https://sgtreport.tv/
from SGT Report:
Canadian doctor William Makis joins SGT Report to discuss the global epidemic of sudden deaths and to expose Pfizer and Moderna for the crimes against humanity which are undoubtedly tied to the mRNA bioweapon masquerading as a “vaccine”.
by Peter Schiff, Schiff Gold:
In 5 days, the COMEX has seen 4,190 contracts open and stand for immediate delivery. This is the strongest start to a month going back at least 2 years, which includes the start of the war in Ukraine and the February 2021 Reddit silver squeeze.
In the latest Comex update, I mentioned that:
Gold has started a bit slow. This shouldn’t be a surprise though as the game in gold continues to be net new contracts.
As the chart below shows, total delivery volume remains a bit below the trend. However, the delivery month just got started.
from The Epoch Times:
There was something deeply demoralizing about the recent Mayoral election in Chicago, once among America’s greatest cities. The good news is that the catastrophic reign of a deeply corrupt and crazed mayor, who piled egregiously racist policies on top of one of the worst COVID responses in the country, came to an end. The bad news is that a guy who is arguably worse took her place.
by Brian Shilhavy, Health Impact News:
Another blood bath in American banks was seen today in stock market trading, with a “total collapse” of regional banks.
And despite the Biden admin claiming that FRC was just another ‘outlier’ business model, PacWest, Western Alliance, and Zions (among others) are in a freefall…
This follows the collapse of the second largest bank in U.S. history that occurred over this past weekend with First Republic Bank.
by Alasdair Macleod, GoldMoney:
On the back of worrying developments in US regional banks, gold and silver performed well this week. This morning in European trade, gold was at $2039 up $53 from last Friday’s close after briefly testing new high ground, and silver was at $25.88, up 90 cents. Volumes on Comex picked up with the rise, and gold’s Open Interest is moving into neutral territory rather than being overbought, but silver is still marginally oversold. This is illustrated in our next two charts below:
from RT:
The major global economies are shifting and the clues are there for those who know where to look
De-dollarization is increasingly making headlines and signs of it are everywhere.
New sources of non-dollar finance are emerging. There are new bilateral agreements to trade and lend in currencies other than the US dollar. Even more importantly, major oil trade buyers and sellers – Moscow and Riyadh as much as Beijing and New Delhi – are agreeing to trade it in non-dollar currencies. These deals are destroying one of the main pillars of dollar dominance since OPEC quadrupled and then doubled oil prices in the 1970s, giving countries around the world a major reason to demand and hold dollars.
from Corey’s Digs:
TRUTH LIVES on at https://sgtreport.tv/
by Ethan Huff, Natural News:
Not long after Anheuser-Busch decided to make a mockery of women by honoring transgender male-in-drag Dylan Mulvaney, Bud Light sales fell by 26 percent. This is proof that voting with your wallet really does work to punish companies for going “woke.”
The same is true of Fox News, which lost half of its viewers in the 8pm nightly time slot after it canned conservative commentator Tucker Carlson. In the days after Carlson was let go, that same time slot saw more viewers watch Chris Hayes at MSNBC.
by Harvey Organ, Harvey Organ Blog:
THE CROOKS RAID GOLD AND SILVER ON PHONY JOBS REPORT: GOLD CLOSED DOWN $30.30 TO $2016.90//SILVER CLOSED DOWN 31 CENTS TO $25.64//PLATINUM CLOSED UP $20.95 TO $1062.20 //PALLADIUM WAS UP $45.75 TO $1504.40//COVID UPATES/DR PAUL ALEXANDER/VACCINE IMPACT/SLAY NEWS//RUSSIA VS UKRAINE UPDATES/SUDAN WAR UPDATE//WAGNER GROUP WARNS RUSSIA THAT THEY MAY EXIT BUKHMUT DUE TO LACK OF AMMO
by Jim Bovard, Discern Report:
The January meeting of the World Economic Forum (WEF) in Davos, Switzerland, should have set off alarms among freedom lovers around the globe. The annual confab of billionaires, political weasels, and deranged activists laid out plans to further repress humanity. But at least the gathering provided plenty of comic relief for people who enjoy elite buffoonery.
Self-worship is obligatory in Davos. John Kerry, Biden’s Special Presidential Envoy for Climate, hailed his fellow attendees as “extraterrestrial” for their devotion to saving the earth. Greenpeace complained that “the rich and powerful flock to Davos in ultra-polluting, socially inequitable private jets to discuss climate and inequality behind closed doors.” Being a climate change activist is “the privilege of rich and elite folks” who want to force people to use unreliable and ineffective wind and solar for energy, according to Daniel Turner of Power the Future.
