TYB!
HAVE SOME NON PEDO BOOBIES!
I believe that to be so, Anon.
Beings the other recording showed the people behind him.
This recording must have been made to just show him in particular, probably going to use the probable footage for some campaign ads!
KEK!
Not gonna happen!
Panic Purgatory: Oil Crashes To $27; S&P Futures Locked Limit Down, Treasuries Soar Limit Up Amid Historic Liquidation
https://www.zerohedge.com/markets/panic-purgatory-oil-crashes-27-sp-futures-locked-limit-down-treasuries-soar-limit-amid
While futures initially tumbled as much as 4.7% in the first minutes of trading, they have not only failed to find any BTFD support, but have been locked at the -5% limit down for nearly two hours with a brief interlude in which they rebounded modestly only to find another wave of buyers. As a reminder, even as thousands of offers build up, they can't cross due to the limit down state of the Emini.
Amid this unprecedented crash in equities, 10Y Treasury futures have soared, and also for the first time in over a decade, were locked limit up for about an hour, at 139-29+, prompting a brief trading interruption…
… which however failed to do much, with the entire US Treasury curve - including the 30Y - trading not only below the effective fed funds rate, but also below 1.00% for the first time ever…
… as a sudden, furious flash crash just before 10pm ET in both the Australian dollar…
… and the USDJPY…
… most likely the result of a macro fund being margined out and liquidating carry positions, unleashed another bout of risk-off liquidation across asset classes.
And so, with traders unable to either sell equity futures or buy Treasurys, they still can rush into the VIX, which is a long way away from its 70%+ limit up, a number which may be reached but would virtually assure another great depression.
The night's big irony is that unable to sell anything else, funds - facing historic margin calls on Monday - are selling what they can… such as gold, which after hitting $1700 earlier in the session has tumbled 0.7% as more investors liquidate the safe asset to shore up liquidity ahead of a Monday that nobody will every forget… and in which many, most certainly anyone who was long oil, will lose their jobs.
Meanwhile, the asset that started the evening's avalanche, crude, continues to crater with West Texas now trading with a $27-handle, down more than $15 (!) from Friday's close.
Commenting on the unprecedented crash in oil, Pickering Energy's Dan Pickering put the crash in perspective: "From OPEC share announcement in 2014 it took 14-15 months for oil to break $30 (Feb 2016) This time it took less than 1 trading day. Breathtaking! Energy industry, welcome back to Hell."
He is right, and nowhere more so than junk bonds: once markets open tomorrow (assuming they are not indefinitely halted), keep a close eye on HYG, which consists more than 10% of energy junk bonds, and is set to plunge by the most on record.
And speaking of the plunge in crude (and "value" energy stocks), tomorrow we may also see the VIXtermination-like vaporization of 3x levered oil and E&P ETFs such as UWT and GUSH, for which the 30% drop in oil will be a liquidation event catalyst.
Curiously, not even a hail mary attempt by Bloomberg, which shortly before midnight blasted that "the Trump administration is drafting measures to blunt the economic fallout from coronavirus and help slow its spread in the U.S., including a temporary expansion of paid sick leave and possible help for companies facing disruption from the outbreak" had absolutely any impact on stocks.
Why? Because not only will any fiscal stimulus less than $2-$3 trillion be roundly ignored by the market, but because at this moment there are only two question on every trader's mind: at what time on Monday morning will the Fed announce a 50-100bps emergency rate cut - the second in under a week - and, more importantly, will it include the official resumption of QE, and potentially the launch of helicopter money i.e., MMT.
Anything less than this would be a disappointment.
And yet, even if the Fed vows to buy not only stocks but also oil, at this point what it is really buying is just time: time for those who still own financial assets to sell as much as they can before the Fed loses all control, having already lost credibility, culminating in the biggest crash in history.. and a market that is indefinitely halted.
Finally, for all those Millennials who are shocked by this evening's selloff, we leave the final word to the Stalingrad & Poorski twitter account, who put it best: "This is not crazy. What was crazy was the reckless monetary policies of central banks that led to this."
Then again, as we have so often said, as long as those reckless policies pushed stocks - and the "wealth effect" higher - nobody cared. They will, however, care this time.
https://www.usgs.gov/
Was just going to EQfag on USGS website, and this is the first thing I was met with!
President Purpose $971.2 Million FY 2021 Budget for USGS
That's a large sum of moolah!
Gas won't go down to $1 at the pump. Costs too much to produce, ship, store, and real estate at the gas station etc etc
Anon, it's the clearlink tor ID that Ron set up based on 127.0.0.2
PT 1 of 2
https://www.usgs.gov/news/president-proposes-9712-million-fy-2021-budget-usgs
Budget Focuses on Bringing Science, Facilities, and Infrastructure into the 21st Century
Today, President Trump proposed a $971.2 million Fiscal Year 2021 budget for the U.S. Geological Survey that prioritizes scientific inquiry for effective stewardship of America’s natural resources and natural hazard monitoring and assessments.
“President Trump’s 2021 budget request for the Department is about investing in our people and public lands and waters," said Secretary of the Interior David Bernhardt. "He is committed to the mission of conservation and creating more public access for Americans to fully enjoy our national treasures and landscapes. This budget is a critical step in the right direction and provides a path to restore commonsense in our budgeting process.”
"The President’s proposed budget reflects the USGS’s mission of providing the very best science-based information and data to serve the needs and interests of American communities and people," said Jim Reilly, director of the USGS. "The 2021 budget focuses on continuing to advance our scientific capabilities and bringing our facilities and infrastructure into the 21st Century; and enhancing our ability to execute the USGS core mission to provide early warnings and tools to ensure the safety of our Nation, as well as provide assessments on natural resources to maintain a flourishing and resilient economy."
PT 2 of 2
Protect our people and the border: USGS natural hazards science informs a broad range of disaster planning, situational awareness and response activities at local to global levels. To further these activities, the President’s 2021 budget supports the following high-priority programs:
Monitoring the Nation's earthquakes via the Advanced National Seismic System (ANSS) and through support of several regional seismic networks operated by university partners.
Operating the ShakeAlert Earthquake Early Warning System.
Monitoring and assessing the Nation’s volcanoes for timely alerts on hazardous volcanic activity.
Safeguarding the Nation’s coastal regions by providing coastal hazard and vulnerability information.
Delivering post-wildfire debris-flow hazard assessments. These assessments inform landslide response plans and guide alerting for impacted areas.
Maintaining geomagnetic monitoring in support of national and economic security.
Operating data collection networks and developing flood inundation maps that improve capacity to provide information used for flood prediction.
Continuing the magnetotelluric survey of the contiguous United States to provide insights key to energy and mineral resource development, groundwater management, and electric-grid resiliency.
Create a conservation stewardship legacy: The USGS conducts monitoring and research to provide scientific understanding of the Nation’s land, water and species challenges. To address these challenges, the President’s 2021 budget supports the following high-priority programs:
Developing the Landsat 9 ground station, keeping pace with NASA satellite development to meet a fiscal year 2021 launch, and developing recommendations for follow-on Earth observation tools and systems to affordably meet the needs of future geospatial users.
Conducting science to manage invasive species and fish and wildlife diseases that pose significant ecological, human health, or economic threats to the resources of the United States.
Utilizing and advancing USGS observational networks to guide the development of water prediction capabilities through the Integrated Water Prediction program.
Continuing operation of the Next-Generation Water Observing System (NGWOS) in the Delaware River Basin and initial implementation of NGWOS in the headwaters of the Colorado and Gunnison River Basin.
Furthering the 3DElevation Program (3DEP), a USGS-coordinated partnership delivering high-quality, three-dimensional topographic data representations of the Nation’s natural and constructed features, to achieve baseline national coverage by 2025.
Developing and delivering the National Integrated Water Availability Assessment (IWAA), a near-real time census of water resources that will evaluate water availability for human and ecological use, infrastructure, security and economic optimization.
Working with many partners to support management agencies with science to sustain harvest of game, waterfowl, fish, and fur-bearing animals for hunting, fishing, and wildlife-related recreation.
Continuing studies on Harmful Algal Blooms.
Sustainably develop our energy and natural resources: The USGS provides science that helps inform stewardship of American energy and mineral resources to meet our security and economic needs. To address these needs, the President’s 2021 budget supports the following high-priority programs:
Releasing USGS assessments of undiscovered, technically recoverable energy resources (including oil and gas, methane hydrates, coal, uranium, and geothermal) in priority basins in the United States and globally; continuing the fundamental geological, geophysical, and geochemical research that underpins these assessments.
SORRY, Anons…going to be a Part Three at least to this report!
Continued via Part 3 of Report
Final Part.
Developing information, technologies, and monitoring protocols used by Federal and State agencies in the design and siting of energy, transportation, and other infrastructure projects to reduce conflict with wildlife, streamline development, and comply with applicable laws and regulations.
Providing geophysical and geological data to help establish the outer limits of the U.S. Extended Continental Shelf.
Modernize our organization and infrastructure: The USGS sustains mission delivery with investments to maintain the portfolio in an appropriate condition to continue our role in Interior's stewardship of America's public lands and natural resources. To achieve this goal, the President’s 2021 budget supports the following high-priority programs:
Providing access to advanced technologies such as artificial intelligence and high-performance computing and developing convergent Information Management Technology (IMT) architecture by providing cloud hosting solution advancements.
Restructuring the USGS from seven to five mission areas.
Continuing space consolidation at Moffett Field in Mountain View, CA and relocating some USGS Mineral Resources labs and personnel currently in Lakewood, CO, into a new facility on the campus of the Colorado School of Mines in Golden, CO.
Continuing an effective maintenance program at each USGS-owned facility to meet industry best practices.
The USGS FY 2021 Budget Justification is available at the USGS budget website. Additional details on the President's FY 2021 Budget are available on the Department’s website.
I have to boost some toonage!
BLS!
https://youtu.be/7Kv5m6NPGvU