The global meltdown will turn into an economic depression in which few are prepared. The mainstream financial media focuses on the highly inflated stock rally and safety in the bond market, while the underlying fundamentals of the economy continue to disintegrate. However, “Earnings Season” is getting ready to start… so…
In a stunning news release, Continental Resources, the largest shale producer in the Bakken, is shutting in most of its production in the region. That is one hell of a lot of output to shut-in as Continental Resources was producing over 200,000 barrels per day in the Bakken at the…
Unfortunately, for the already vulnerable U.S. Energy Market, the worst is still yet to come. As one energy analyst forecasted, we may see a negative $100 for oil a barrel of oil. While this may sound totally insane, domestic oil producers still haven’t cut anywhere near the amount necessary. As…
As the global contagion continues to cause a great deal of uncertainty in the markets, I thought it was a good idea for precious metals dealer Tom Cloud to provide a new update. Tom starts off the video saying that in his 44 years in the industry, he has never…
While I forecasted Negative oil prices were on their way last month, it’s still SHOCKING to see it happen to such a degree. Today, the May WTIC futures contract saw the price drop to a stunning NEGATIVE $38 a barrel. Gosh, I thought we might see slightly negative oil prices,…
Americans are totally unprepared for the coming collapse in the U.S. Financial Ponzi Scheme and Economy. While the highly-leveraged debt-based U.S. financial system and economy were going to implode on their own in due time, the global contagion has sped up the process considerably. Unfortunately, there is no way that…