Oil Industry Collapse And Negative Rates Lead To Another Stock Market Crash

There is no doubt that we’re all living difficult times. Uncertainty and insecurity have been a constant in our lives, and while the situation is getting worse to millions of Americans, the stock market has been hitting record highs and it seems to be still profiting during this storm. Every week, we have been reporting how the unemployment rates are sky-rocketing, but this time we’re going to be graphical about it, with updated data for you to clearly understand the dimension of this downfall. 

Our goal here is not to make you lose your expectations about recovering from this crash, but to give you a realistic perception of the situation. We want to report you what the mainstream media is failing to share, whether because they want to give their version of the truth or because they’re hiding the real numbers and projections. The main point is to question ourselves: “why with over 30 million job losses and a crash in our economy, the Wall Street is still managing to ascend through a crisis that is literally tearing people’s lives?” or, in a shorter note: “to whom this crisis was created for?”

Read MoreOil Industry Collapse And Negative Rates Lead To Another Stock Market Crash

Alert They Are Sending 50 Million Barrel Oil Bomb For 2020 Petrodollar Collapse

On the 20th of April of 2020, at around 2pm, something historic happened: WTI, short for West Texas Intermediate, crude oil futures traded at negative prices for the first time ever. From there, everything went downhill, and oil prices reached the impressive mark of negative $37.63 a barrel, which translates to a 300% crash. For perspective, this means that if you had bought the oil contract which traded at that price, you would have been paid $37,630, as the contract entailed the sale of a thousand barrels of crude. However, as expert Neil Irwin pointed out, “that is about five tanker trucks’ worth, so any joke about storing the oil in your basement will have to remain just that”.

The immediate reaction by many economics commentators to this bizarre event was to simply shrug it off as price adjustments to the collapsed demand for oil. Some also blamed it on lack of storage at the Cushing, Oklahoma delivery point. While this certainly isn’t false, it is a very simplistic way of looking at a complex market with many strong players. American and Saudi elites, in particular, have very significant stakes in oil production and market manipulation has become, over the years, a normal practice. In fact, meddling by powerful oil players is probably why most media outlets have not been very helpful in their reporting of the oil price crash. So, let’s take a serious look at what’s been happening in the oil market for the past few months, shall we?

Read MoreAlert They Are Sending 50 Million Barrel Oil Bomb For 2020 Petrodollar Collapse