FOMC Liquidity Panic: Federal Funds Rate Cut a Full Percentage Point on
March 15th to a Range of 0.00% to 0.25%, Following a March 3rd
50 Basis-Point Cut to a Range of 1.00% to 1.25%

Federal Reserve Also Has Lined Up Dollar Liquidity Support With the
Bank of Canada, the Bank of England, the Bank of Japan, the
European Central Bank and the Swiss National Bank

This Signals Extraordinarily Unstable Circumstances at Work in the Global Markets

Nonetheless, Physical Gold and the Swiss Franc Should Continue to
Hold Their Own Against What Likely Will Remain a Faltering U.S. Dollar

Pandemic and Oil Price Disruptions Are Overwriting and
Seriously Deepening What Already Was an Intensifying Economic Downturn

First- and Second-Quarter 2020 Quarterly GDP Contractions
Should Rival or Exceed Great Recession Numbers

Economic Growth Could Stabilize at Lower Levels by Year-End,
Depending on How the Systemic Shocks Play Out

Economic and Financial-Market Disruptions Have Just Begun,
Despite the Extraordinary Systemic Manipulations and Interventions

Federal Reserve Viability and Loss of Systemic Control Have Been
Brought to a Head, With the Coronavirus Whirlwind Ripping Away the
Veneer of Post-2008 Financial- and Banking-System Recovery and Stability