FedEx, UPS Slide After Amazon Opens Freight Network To All Businesses

Shares of transportation and logistics giants FedEx and UPS dropped in premarket trading after Amazon debuted Amazon Supply Chain Services, opening its freight network to sellers far beyond the Amazon marketplace.

Amazon said ASCS is a move to "open its freight, distribution, fulfillment, and parcel shipping capabilities to businesses of all types and sizes." It gives companies outside the Amazon marketplace access to a global delivery network with two- to five-day delivery and 24/7 service.

"With this launch, Amazon is expanding its third-party logistics capacity to support businesses in industries such as healthcare, automotive, manufacturing, and retail," Amazon noted.

Amazon said the move mirrors its AWS playbook: build infrastructure for its own operations, prove it internally, then sell it externally.

This story may sound familiar. Amazon built another major offering—cloud infrastructure—for the same reason: to run its own business better. And then Amazon started selling it. That's how Amazon Web Services (AWS) was born, and it's transformed how the world builds and runs software. Now, Amazon is ready to do that for the supply chain. -AMZN

Following the ASCS news, FedEx and UPS dropped in premarket trading, both down around 4%.

"Amazon is bringing the infrastructure, intelligence, and scale of its supply chain services—proven over decades—to businesses everywhere, much like Amazon Web Services did for cloud computing," said Peter Larsen, vice president of ASCS. 

Tyler Durden Mon, 05/04/2026 - 09:50

Market Correction Risk: Why Summer 2026 Looks Risky

Authored by Lance Roberts via RealInvestmentAdvice.com,

The S&P 500 hit a fresh record high last week. The median stock in the index is sitting 13% below its 52-week peak. That divergence is not a footnote or a curiosity. It’s the loudest warning the market has flashed since the dot-com era, and it’s arriving at the worst possible moment on the calendar. Market correction risk is climbing, and this summer it’s stacked on top of three other forces that almost never converge at the same time.

After three decades of watching market cycles play out, I’ve learned that the dangerous moments are those in which everything looks fine on the surface and rotten underneath. That’s exactly where we are right now. The market correction risk we’re staring at into the summer isn’t driven by a single bearish data point. It’s driven by four of them showing up together, and ignoring any of them would be a costly mistake.

The Breadth Divergence Is As Bad As It Gets

The narrowness of the current rally is not opinion. It is arithmetic.

The S&P 500 has rallied roughly 14% off its late-March washout to a new high near 7,125. Look under the hood, and you find a market hollowed out. The equal-weight S&P 500 has declined about 1% over the same period. The Magnificent Seven is up roughly 10%. The semiconductor index is up 30%. Everything else is sitting on the curb.

That kind of dispersion has only happened a handful of times since 1980. Goldman Sachs’ equity strategy team flagged it directly in a note this week, warning that this level of breadth has historically preceded larger-than-average drawdowns over the following six to twelve months. They’re not the only ones flagging it. Hedge fund net tilt to momentum is sitting near a multi-year high, and gross leverage remains at the upper end of the five-year range. When everyone is positioned the same way and the leadership is two names deep, the unwind is never gentle.

While breadth is the headline. The supporting cast of technical signals is just as ugly.

The 14-day relative strength index on the S&P 500 has spent most of the past three weeks above 70, the threshold that has historically marked overbought conditions. We’ve seen a textbook negative divergence: price made a new high last week while RSI made a lower high. That same pattern showed up at the January 2018 top, the February 2020 top, and the late 2021 peak. None of those were resolved kindly.

The advance-decline line for the broader NYSE has rolled over even as the index pushes higher. The percentage of S&P 500 stocks above their 200-day moving average has dropped to roughly 56%, while the index itself is printing new highs. We saw a similar decline in breadth as the market was advancing, just before the “Liberation Day” selloff in 2025.

The Volatility Index is sitting in the mid-teens, which sounds reassuring until you remember that the VIX was at 12 in January 2020 and 15 the week before the bottom dropped out. Low realized volatility breeds complacency, complacency breeds leverage, and leverage breeds unwinds. We have all three. None of these signals, individually, predicts market correction risk with precision. Together, they identify a market that has used up its margin of safety.

As we have noted before:

“Markets do not crash from euphoric tops. They crash from complacent ones, and right now we have a complacent market with collapsing breadth, deteriorating technicals, and the worst seasonal window of the year staring it in the face.“

Summer Seasonality Is Real, And This Year Is Worse

The “sell in May and go away” cliche gets dismissed every spring by someone who hasn’t bothered to look at the data. The data is unambiguous.

Going back to 1950, the May-through-October window has produced an average S&P 500 return of roughly 1.7%, while the November-through-April window has produced an average return of over 7%. The summer months, specifically June through September, account for the bulk of that weakness, and the historical pattern in years where the market entered May at or near all-time highs is materially worse than the long-run average.

Mathematical statistics support this: $10,000 invested in the market from November to April vastly outperformed the same amount invested from May through October. Interestingly, the max drawdowns are significantly larger during the “Sell In May” periods. Previous major market declines occurred in October 1929, 1987, and 2008.

However, not every summer works out poorly. Historically, there are many periods where “Sell In May” did not work and markets rose. 2020 and 2021 were examples of periods when massive Federal Reserve interventions pushed prices higher in April and the subsequent summer months. However, in April 2022, the decline in prices was sharp as the Fed began an aggressive campaign of interest rate hikes the previous month.

I want to be clear about something. Seasonality alone is not a reason to sell. It’s a backdrop, not a trigger. But when you stack a weak seasonal window on top of collapsing breadth and stretched positioning, you’ve removed the natural support that usually shows up to absorb selling. Buyers thin out in the summer. Volume dries up. Volatility spikes on increasingly small catalysts. That’s the setup we’re walking straight into.

Midterm Election Years Are The Most Volatile Of The Cycle

Here’s a fact that almost no one talks about until it’s too late. Midterm election years are, on average, the worst of the four-year presidential cycle for equity returns and the most volatile by a wide margin. From May through October, the S&P 500 historically delivers its weakest returns of the four-year cycle, with deeper average drawdowns and more frequent corrections than non-election years.

Going back to 1962, the average maximum intra-year drawdown in a midterm election year has been around 17%, materially worse than the roughly 13% average for non-midterm years. The summer and fall of midterm years are particularly rough. The S&P 500 has averaged a peak-to-trough decline of nearly 19% between April and October of midterm election years. Then, almost without exception, the market bottomed in late October and rallied hard into year-end and through the following twelve months.

The pattern is not a coincidence. Policy uncertainty rises into November. Corporate guidance turns conservative, and fiscal posturing in Washington dominates the headlines. Capital markets dislike uncertainty, and there’s no time on the four-year calendar with more of it than the summer leading into midterms. We are now six months from the November vote, and the polling, the policy backdrop, and the geopolitical overhang make this midterm cycle more contentious than most. The historical record is clear: market correction risk runs hottest during this specific window of the four-year cycle.

Iran, Oil, And The Inflation Pipeline

The market has been remarkably good at compartmentalizing the conflict in the Persian Gulf. That works until it doesn’t.

Brent crude is sitting above $109 a barrel, roughlyl 40% above its level on the eve of the conflict. WTI has tracked closely behind and currently sits at ~$102 a barrel. The Strait of Hormuz remains a chokepoint for roughly 20% of global oil flows. Any escalation that genuinely threatens that transit lane is a step-function risk for energy prices. As discussed in “Hormuz,“ so far the market has been able to stave off the impacts of higher oil prices. However, there is a clock on that capability. The longer oil prices remain elevated, the greater the risk becomes for the market.

“The duration of the conflict, specifically when the Strait of Hormuz returns to normal shipping traffic, is the single most important variable for every downstream economic and market forecast. Here is how we frame the three scenarios:” – Bull Bear Report

The reason the math gets worse with time is that energy is the cleanest pass-through to inflation. Every $10 sustained increase in oil adds roughly 0.2 to 0.3 percentage points to headline CPI within three months. A similar amount flows into core inflation a quarter later as transportation costs feed through to goods. The Fed has been holding the line on rate cuts for exactly this reason. If the Iran situation worsens, oil pushes through $130 or $140. At that point, the case for any easing this year evaporates entirely, and the case for an actual rate hike re-enters the conversation.

That is not a market that has been priced in. Equity multiples right now are sustained on the assumption that disinflation continues and the Fed eases later this year. Take both of those legs out from under valuations, and the math gets ugly fast.

Managing Market Correction Risk

The honest counterargument is straightforward. AI capital expenditure is the single largest spending cycle the corporate sector has seen in a generation. The latest GDP for Q1 2026 showed that 75% of the growth came from capital expenditures which offset weakness in Personal Consumption which comprises 70% of the calculation.

Furthermore, the hyperscaler earnings continue to come in ahead of expectations, and while the breadth problem is an issue, it can be resolved as easily through a “catch-up” of laggards as a “catch-down” of leaders. That’s a real argument, and we should consider it seriously.

However, there’s a problem with that last argument. A “catch-up” requires a catalyst, and the catalysts on the table right now are not friendly to the laggards. Consumer stocks are the largest weight outside of tech, and oil at these levels is a direct tax on consumer disposable income. Industrials and materials need an improving global growth picture, and the war is doing the opposite. Financials need a steepening yield curve and falling credit spreads, and we have neither. The path to a benign rotation runs through an improvement in the macro backdrop that I do not see arriving in the next sixty days.

The narrow leadership can extend. Goldman’s own work shows the median narrow-breadth episode lasts about three months, with the late-1990s outlier stretching to over two years.

Let me be clear that I am not calling for an imminent crash. I am saying that the conditions for a sharp, violent drawdown are as fully assembled as I have seen them in a long time, and the seasonal calendar is the worst possible place to find out. As

The actionable takeaways are not exotic. They are the basics, applied with discipline.

None of these moves requires timing the top, and none of them requires a bearish call. They require recognizing that the risk-reward at this level is asymmetric in the wrong direction, and behaving accordingly.

As noted above, it is crucial to remember that markets do not crash from euphoric tops, but rather from complacent ones. Currently, that complacency in the market is becoming more obvious, given collapsing breadth, deteriorating technicals, the worst seasonal and political cycles of the year, and an active geopolitical conflict driving energy prices to multi-year highs. Every one of those forces, taken alone, is something I’d flag for clients. Together, they make market correction risk between now and the November election the highest I have seen since early 2022.

I’m not telling you to get out of the market, but I am suggesting that you take some action today to mitigate the risk of tomorrow. Rebalance your portfolio, take profits, and raise cash levels while you can, on your terms.

Let me be clear about what I’m saying and what I’m not. The risks are elevated, but elevated risks are not certainty. Markets can, and often do, exactly the opposite of what every reasonable signal suggests they should, and nothing in this analysis guarantees a correction will arrive this summer. The narrow rally could extend. Iran could de-escalate overnight. The seasonal pattern could break. However, what is dangerous is doing nothing while the risk stack looks like this one.

If the market defies the odds and grinds higher into year-end, yes, you’ll underperform for a stretch. That is a recoverable outcome. Underperformance can be made up through disciplined participation over the next 12 to 24 months. Lost capital cannot. A 30% drawdown requires a 43% rally just to break even, and the math gets uglier the deeper the hole. That is the asymmetry that should drive every decision right now. The investors who survive long market cycles are not the ones who catch every uptick. They are the ones who refuse to be wiped out when the setup turns against them.

Tyler Durden Mon, 05/04/2026 - 09:30

Tens Of Millions Of Taxpayers May Be Owed IRS Refunds From Pandemic Era: Watchdog

Authored by Jack Phillips via The Epoch Times (emphasis ours),

The IRS’s internal watchdog has stated that tens of millions of U.S. taxpayers may be owed refunds or abatements of penalties or interest during the COVID-19 federal disaster period.

A 1040 Internal Revenue Service tax form, in this file photo. Madalina Kilroy/The Epoch Times

“The bottom line: You may be entitled to a refund or reduction of assessed penalties and interest,” the National Taxpayer Advocate (NTA) stated in a notice published on April 30 and updated on May 1. “For taxpayers dealing with financial pressures, these amounts can make a real difference. But most taxpayers must act by July 10, 2026, to request their potential refunds.”

The NTA stated that the refunds or payments had arisen from multiple court decisions, including one handed down in November 2025 that “provides for the automatic postponement of filing and payment deadlines during the period a federal disaster declaration is in effect, plus 60 days” during the COVID-19 federal disaster period, which lasted more than three years.

The declaration for COVID-19 was in effect from Jan. 20, 2020, through May 11, 2023, it noted. Another 60 days extended that period to July 10, 2023, for tax-related purposes.

“Based on the court’s reasoning ... filing and payment deadlines were postponed during that entire period, and as a result, tax returns and payments due anytime within that window were not late until after July 10, 2023,” the NTA stated. “By the court’s logic, the IRS should not have assessed penalties for late filing or payment during that 3.5-year period, nor charged interest on those amounts.”

Taxpayers may be able to receive an abatement or refund for certain amounts during that federal disaster period, the NTA stated, such as for failure to pay taxes, failure to make estimated tax payments, or penalties that were incurred for not filing timely tax returns.

Taxpayers may also be able to receive refunds on interest that started accruing earlier than it should have or that should not have accrued at all or overpayment for interest in the 2020–2023 COVID-19 disaster period, it stated.

“This issue is widespread and not limited to a small or specialized group of taxpayers,” the NTA stated. “As noted, tens of millions of taxpayers have been assessed penalties or interest for late filings or payments during these years.”

The IRS, in most cases, will not issue refunds or abatements unless a taxpayer files a claim, it warned, noting that a taxpayer likely will have to file a claim within three years of the date they filed a tax return or two years from the date when they paid their tax.

As a result, most taxpayers who are affected would need to file claims by July 10 and will have to use Form 843, titled, “Claim for Refund and Request for Abatement.” Some taxpayers may “consider filing protective claims to preserve their rights,” the watchdog stated, citing the fact that the cases are still being litigated.

The NTA, which warned that Form 843 must be completed on paper and cannot be done electronically, also suggested that taxpayers contact a tax professional to claim the refund or abatement. It further suggested that members of Congress should highlight the coming deadline and that tax professionals keep their clients informed about the rebate.

Tyler Durden Mon, 05/04/2026 - 08:05

Trump Disapproval Rate Hits Career-High - War And Rising Costs Take Toll

Though tempered by the prospect of additional GOP gerrymandering of House districts in the wake of a pivotal Supreme Court decision, Democrats' hopes for a rout of Republicans in the approaching midterm elections are rising after a Washington Post-ABC News-Ipsos poll found that President Trump's disapproval rating is now the highest of either of his two terms in office. Trump's decision to launch a war on Iran is taking a toll -- voters are not only dismayed by his handling of Iran, but also dissatisfied with his work on the economy, which is itself being harmed by the war. 

In a survey of US adults taken in the last week of April, 62% said they disapprove of his general performance in the Oval Office.  A whopping 76% disapprove of his handling of the cost of living and 66% disapprove of what he's done with Iran. A majority of Americans surveyed expressed disapproval of his handling of every issue covered by the survey.   

via ABC News

While 85% of Republicans approve of his performance, the share who strongly approve fell to 45% -- that's down 8% since September and is a new Trump low. Perhaps more importantly, his approval among Republican-leaning independents is also at a new low of 56%. Overall, just 25% of independents approve of his performance.

Trump also scored terribly on some personal attributes. For example, 71% said the descriptors "honest and trustworthy" are not applicable to Trump, while 67% said Trump does not "carefully consider important decisions." Meanwhile, 59% said he lacks the "mental sharpness" required of his position.  

The poll provides a little insight into the upcoming midterm races. Today, Republicans have a slim, 3-seat margin of control of the House of Representatives. Asked if they would vote for a Democrat or Republican candidate if the House election were held today, 49% said they would for a Democrat, compared to 44% who would choose a Republican. At the same point in the 2022 midterms, that question yielded a 42-42 tie, with the GOP proceeding to win the House when votes were cast six months later, securing a 222 - 213 margin in seats (a 9-seat pickup for the Republicans).  As for intended turnout, 79% of registered Democrats say they are "absolutely certain" they'll vote, compared to 72% of Republicans -- a 7-point improvement on the GOP turnout expectation recorded in a February survey.  

Vance had higher approval and disapproval ratings than Rubio -- as more survey participants shrugged at the Rubio performance question

Looking at the big picture, 67% of Americans said the country is moving in the wrong direction. Here, there's a vast difference among parties: 94% of Democrats felt that way, compared to 25% of Republicans. As a general caveat, we'll note that -- since more and more Americans identify as independent -- party results are growing less meaningful. A hefty 78% of independents say the country is heading south.  

Finally, the poll had some incidental insights for those looking ahead to the 2028 presidential race. While participants weren't asked about that contest, they were asked to rate the job performance of various Trump administration officials, including two potential GOP contenders: Vice President JD Vance and Secretary of State Marco Rubio. They came out with similar approval ratings -- 35% for Vance and 33% for Rubio -- but Vance had a 48% disapproval rating, compared to 40% for Rubio. The remainder of respondents had no opinion. 

Tyler Durden Mon, 05/04/2026 - 07:45

Peter Schiff: Printing Money Is Not the Cure for Cononavirus



In his most recent podcast, Peter Schiff talked about coronavirus and the impact that it is having on the markets. Earlier this month, Peter said he thought the virus was just an excuse for stock market woes. At the time he believed the market was poised to fall anyway. But as it turns out, coronavirus has actually helped the US stock market because it has led central banks to pump even more liquidity into the world financial system. All this means more liquidity — central banks easing. In fact, that is exactly what has already happened, except the new easing is taking place, for now, outside the United States, particularly in China.” Although the new money is primarily being created in China, it is flowing into dollars — the dollar index is up — and into US stocks. Last week, US stock markets once again made all-time record highs. In fact, I think but for the coronavirus, the US stock market would still be selling off. But because of the central bank stimulus that has been the result of fears over the coronavirus, that actually benefitted not only the US dollar, but the US stock market.” In the midst of all this, Peter raises a really good question. The primary economic concern is that coronavirus will slow down output and ultimately stunt economic growth. Practically speaking, the world would produce less stuff. If the virus continues to spread, there would be fewer goods and services produced in a market that is hunkered down. Why would the Federal Reserve respond, or why would any central bank respond to that by printing money? How does printing more money solve that problem? It doesn’t. In fact, it actually exacerbates it. But you know, everybody looks at central bankers as if they’ve got the solution to every problem. They don’t. They don’t have the magic wand. They just have a printing press. And all that creates is inflation.” Sometimes the illusion inflation creates can look like a magic wand. Printing money can paper over problems. But none of this is going to fundamentally fix the economy. In fact, if central bankers were really going to do the right thing, the appropriate response would be to drain liquidity from the markets, not supply even more.” Peter explained how the Fed was originally intended to create an “elastic” money supply that would expand or contract along with economic output. Today, the money supply only goes in one direction — that’s up. The economy is strong, print money. The economy is weak, print even more money.” Of course, the asset that’s doing the best right now is gold. The yellow metal pushed above $1,600 yesterday. Gold is up 5.5% on the year in dollar terms and has set record highs in other currencies. Because gold is rising even in an environment where the dollar is strengthening against other fiat currencies, that shows you that there is an underlying weakness in the dollar that is right now not being reflected in the Forex markets, but is being reflected in the gold markets. Because after all, why are people buying gold more aggressively than they’re buying dollars or more aggressively than they’re buying US Treasuries? Because they know that things are not as good for the dollar or the US economy as everybody likes to believe. So, more people are seeking out refuge in a better safe-haven and that is gold.” Peter also talked about the debate between Trump and Obama over who gets credit for the booming economy – which of course, is not booming.

We are living in crazy times. I have a hard time believing that most of the general public is not awake, but in reality, they are. We've never seen anything like this; I mean not even under Obama during the worst part of the Great Recession." Now the Fed is desperately trying to keep interest rates from rising. The problem is that it's a much bigger debt bubble this time around , and the Fed is going to have to blow a lot more air into it to keep it inflated. The difference is this time it's not going to work." It looks like the Fed did another $104.15 billion of Not Q.E. in a single day. The Fed claims it's only temporary. But that is precisely what Bernanke claimed when the Fed started QE1. Milton Freedman once said, "Nothing is so permanent as a temporary government program." The same applies to Q.E., or whatever the Fed wants to pretend it's doing. Except this is not QE4, according to Powell. Right. Pumping so much money out, and they are accusing China of currency manipulation ? Wow! Seriously! Amazing! Dump the U.S. dollar while you still have a chance. Welcome to The Atlantis Report. And it is even worse than that, In addition to the $104.15 billion of "Not Q.E." this past Thursday; the FED added another $56.65 billion in liquidity to financial markets the next day on Friday. That's $160.8 billion in two days!!!! in just 48 hours. That is more than 2 TIMES the highest amount the FED has ever injected on a monthly basis under a Q.E. program (which was $80 billion per month) Since this isn't QE....it will be really scary on what they are going to call Q.E. Will it twice, three times, four times, five times what this injection per month ! It is going to be explosive since it takes about 60 to 90 days for prices to react to this, January should see significant inflation as prices soak up the excess liquidity. The question is, where will the inflation occur first . The spike in the repo rate might have a technical explanation: a misjudgment was made in the Fed's money market operations. Even so, two conclusions can be drawn: managing the money markets is becoming harder, and from now on, banks will be studying each other's creditworthiness to a greater degree than before. Those people, who struggle with the minutiae of money markets, and that includes most professionals, should focus on the causes and not the symptoms. Financial markets have recovered from each downturn since 1980 because interest rates have been cut to new lows. Post-2008, they were cut to near zero or below zero in all major economies. In response to a new financial crisis, they cannot go any lower. Central banks will look for new ways to replicate or broaden Q.E. (At some point, governments will simply see repression as an easier option). Then there is the problem of 'risk-free' assets becoming risky assets. Financial markets assume that the probability of major governments such as the U.S. or U.K. defaulting is zero. These governments are entering the next downturn with debt roughly twice the levels proportionate to GDP that was seen in 2008. The belief that the policy worked was completely predicated on the fact that it was temporary and that it was reversible, that the Fed was going to be able to normalize interest rates and shrink its balance sheet back down to pre-crisis levels. Well, when the balance sheet is five-trillion, six-trillion, seven-trillion when we're back at zero, when we're back in a recession, nobody is going to believe it is temporary. Nobody is going to believe that the Fed has this under control, that they can reverse this policy. And the dollar is going to crash. And when the dollar crashes, it's going to take the bond market with it, and we're going to have stagflation. We're going to have a deep recession with rising interest rates, and this whole thing is going to come imploding down. everything is temporary with the fed including remaining off the gold standard temporary in the Fed's eyes could mean at least 50 years This liquidity problem is a signal that trading desks are loaded up on inventory and can't get rid of it. Repo is done out of a need for cash. If you own all of your securities (i.e., a long-only, no leverage mutual fund) you have no need to "repo" your securities - you're earning interest every night so why would you want to 'repo' your securities where you are paying interest for that overnight loan (securities lending is another animal). So, it is those that 'lever-up' and need the cash for settlement purposes on securities they've bought with borrowed money that needs to utilize the repo desk. With this in mind, as we continue to see this need to obtain cash (again, needed to settle other securities purchases), it shows these firms don't have the capital to add more inventory to, what appears to be, a bloated inventory. Now comes the fun part: the Treasury is about to auction 3's, 10's, and 30-year bonds. If I am correct (again, I could be wrong), the Fed realizes securities firms don't have the shelf space to take down a good portion of these auctions. If there isn't enough retail/institutional demand, it will lead to not only a crappy sale but major concerns to the street that there is now no backstop, at all, to any sell-off. At which point, everyone will want to be the first one through the door and sell immediately, but to whom? If there isn't enough liquidity in the repo market to finance their positions, the firms would be unable to increase their inventory. We all saw repo shut down on the 2008 crisis. Wall St runs on money. . OVERNIGHT money. They lever up to inventory securities for trading. If they can't get overnight money, they can't purchase securities. And if they can't unload what they have, it means the buy-side isn't taking on more either. Accounts settle overnight. This includes things like payrolls and bill pay settlements. If a bank doesn't have enough cash to payout what its customers need to pay out, it borrows. At least one and probably more than one banks are insolvent. That's what's going on. First, it can't be one or two banks that are short. They'd simply call around until they found someone to lend. But they did that, and even at markedly elevated rates, still, NO ONE would lend them the money. That tells me that it's not a problem of a couple of borrowers, it's a problem of no lenders. And that means that there's no bank in the world left with any real liquidity. They are ALL maxed out. But as bad as that is, and that alone could be catastrophic, what it really signals is even worse. The lending rates are just the flip side of the coin of the value of the assets lent against. If the rates go up, the value goes down. And with rates spiking to 10%, how far does the value fall? Enormously! And if banks had to actually mark down the value of the assets to reflect 10% interest rates, then my god, every bank in the world is insolvent overnight. Everyone's capital ratios are in the toilet, and they'd have to liquidate. We're talking about the simultaneous insolvency of every bank on the planet. Bank runs. No money in ATMs, Branches closed. Safe deposit boxes confiscated. The whole nine yards, It's actually here. The scenario has tended to guide toward for years and years is actually happening RIGHT NOW! And people are still trying to say it's under control. Every bank in the world is currently insolvent. The only thing keeping it going is printing billions of dollars every day. Financial Armageddon isn't some far off future risk. It's here. Prepare accordingly. This fiat system has reached the end of the line, and it's not correct that fiat currencies fail by design. The problem is corruption and manipulation. It is corruption and cheating that erodes trust and faith until the entire system becomes a gigantic fraud. Banks and governments everywhere ARE the problem and simply have to be removed. They have lost all trust and respect, and all they have left is war and mayhem. As long as we continue to have a majority of braindead asleep imbeciles following orders from these psychopaths, nothing will change. Fiat currency is not just thievery. Fiat currency is SLAVERY. Ultimately the most harmful effect of using debt of undefined value as money (i.e., fiat currencies) is the de facto legalization of a caste system based on voluntary slavery. The bankers have a charter, or the legal *right*, to create money out of nothing. You, you don't. Therefore you and the bankers do not have the same standing before the law. The law of the land says that you will go to jail if you do the same thing (creating money out of thin air) that the banker does in full legality. You and the banker are not equal before the law. ALL the countries of the world; Islamic or secular, Jewish or Arab, democracy or dictatorship; all of them place the bankers ABOVE you. And all of you accept that only whining about fiat money going down in exchange value over time (price inflation which is not the same as monetary inflation). Actually, price inflation itself is mainly due to the greed and stupidity of the bankers who could keep fiat money's exchange value reasonably stable, only if they wanted to. Witness the crash of silver and gold prices which the bankers of the world; Russian, American, Chinese, Jewish, Indian, Arab, all of them collaborated to engineer through the suppression and stagnation of precious metals' prices to levels around the metals' production costs, or what it costs to dig gold and silver out of the ground. The bankers of the world could also collaborate to keep nominal prices steady (as they do in the case of the suppression of precious metals prices). After all, the ability to create fiat money and force its usage is a far more excellent source of power and wealth than that which is afforded simply by stealing it through inflation. The bankers' greed and stupidity blind them to this fact. They want it all, and they want it now. In conclusion, The bankers can create money out of nothing and buy your goods and services with this worthless fiat money, effectively for free. You, you can't. You, you have to lead miserable existences for the most of you and WORK in order to obtain that effectively nonexistent, worthless credit money (whose purchasing/exchange value is not even DEFINED thus rendering all contracts based on the null and void!) that the banker effortlessly creates out of thin air with a few strokes of the computer keyboard, and which he doesn't even bother to print on paper anymore, electing to keep it in its pure quantum uncertain form instead, as electrons whizzing about inside computer chips which will become mute and turn silent refusing to tell you how many fiat dollars or euros there are in which account, in the absence of electricity. No electricity, no fiat, nor crypto money. It would appear that trust is deteriorating as it did when Lehman blew up . Something really big happened that set off this chain reaction in the repo markets. Whatever that something is, we aren't be informed. They're trying to cover it up, paper it over with conjured cash injections, play it cool in front of the cameras while sweating profusely under the 5 thousands dollar suits. I'm guessing that the final high-speed plunge into global economic collapse has begun. All we see here is the ripples and whitewater churning the surface, but beneath the surface, there is an enormous beast thrashing desperately in its death throws. Now is probably the time to start tying up loose ends with the long-running prep projects, just saying. In other words, prepare accordingly, and Get your money out of the banks. I don't care if you don't believe me about Bitcoin. Get your money out of the banks. Don't keep any more money in a bank than you need to pay your bills and can afford to lose.











The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more













The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

The FBI released a summary of its file from the Hillary Clinton email investigation on Friday, showing details of Clinton's explanation of her use of a private email server to handle classified communications. The release comes nearly two months after FBI Director James Comey announced that although Clinton's handling of classified information was "extremely careless," it did not rise to the level of a prosecutable offense. Attorney General Loretta Lynch announced the next day that she would not pursue charges in the matter. "We are making these materials available to the public in the interest of transparency and in response to numerous Freedom of Information Act (FOIA) requests," the FBI noted in a statement sent to reporters with links to the documents. The documents include notes from Clinton's July 2 interview with agents, as well as a "factual summary of the FBI's investigation into this matter," according to the FBI release. Throughout her interview with agents, Clinton repeatedly said she relied on the career professionals she worked with to handle classified information correctly. The agents asked about a series of specific emails, and in each case Clinton said she wasn't worried about the particular material being discussed on a nonclassified channel.