Monthly Archives: April 2020

Austria: The Coronavirus Chronicles — The Duran

Week 1 in a country in complete shutdown. Austria has been at the forefront of forcing its citizens to “shelter in place” by enacting measures so severe that even the country’s elderly cannot remember anything similar. To snuff out a virus that originated in China in November and has since made its way around theContinueContinue reading “Austria: The Coronavirus Chronicles — The Duran”

“Very Challenging” – Norway Wealth Fund Lost Record $113 Billion, Withdraws Money To Fight Virus Crisis — The Duran

“Norway has the world’s largest sovereign wealth fund, but no gold reserves. Sold it all in 2004!” The stock market crash around the world, triggered by coronavirus pandemic, has led to unprecedented losses for the world’s biggest sovereign wealth fund. According to Bloomberg, Norway’s sovereign wealth fund lost $113 billion in the first quarter. TheContinueContinue reading ““Very Challenging” – Norway Wealth Fund Lost Record $113 Billion, Withdraws Money To Fight Virus Crisis — The Duran”

Here Comes The Next Crisis: Up To 30% Of All Mortgages Will Default In “Biggest Wave Of Delinquencies In History” — The Duran

“This is an unprecedented event. The great financial crisis happened over a number of years. This is happening in a matter of months – a matter of weeks.” Unlike in the 2008 financial crisis when a glut of subprime debt, layered with trillions in CDOs and CDO squareds, sent home prices to stratospheric levels beforeContinueContinue reading “Here Comes The Next Crisis: Up To 30% Of All Mortgages Will Default In “Biggest Wave Of Delinquencies In History” — The Duran”

When It’s Over, Will We Be the Same America? By Patrick J. Buchanan

Friday – April 3, 2020 “If March shocked this nation as severely as 9/11, what is coming may be even more sobering.” “Depend upon it, sir, when a man knows he is to be hanged in a fortnight, it concentrates his mind wonderfully,” said Samuel Johnson. And as it is with men, so it isContinueContinue reading “When It’s Over, Will We Be the Same America? By Patrick J. Buchanan”

Putin extends paid holiday period in Russia until end of April as Covid-19 cases spike — The Duran

Russia’s week-long paid leave will be extended until the end of the month, President Vladimir Putin has announced in a national address. The country is bracing for the possible rapid growth of Covid-19 cases. The move comes a day after the President acknowledged that the situation with COVID-19 in Russia was becoming “complicated,” during aContinueContinue reading “Putin extends paid holiday period in Russia until end of April as Covid-19 cases spike — The Duran”

COVID-19 Forces the World to Re-Think the Idea of ‘Monetary Value’ — The Duran

Originally published on Strategic Culture Western society has long been gripped by a deep seeded belief in money. Trillions of dollars of bank notes tied to ever-growing mountains of un-payable national debts has taken on a life of its own over the years. As the post-1971 years rolled by, society increasingly lost a sense that […]ContinueContinue reading “COVID-19 Forces the World to Re-Think the Idea of ‘Monetary Value’ — The Duran”