So much happening that I am not sure where to start.The collapse...

So much happening that I am not sure where to start.

The collapse in oil futures is probably going to be the single pivotal event that will be remembered as the watershed economic moment in the history books.
The reduction in demand had been so great that oil futures for the May contract went negative. Nobody wants to take delivery because there is nowhere to store it and with a price collapse the cost of ownership is greater than the sales value.
Where the consequential damage is going to occur is in the counterparty risk of those who are on the wrong side of the trade.
I expet to see a cascade of defaults and bankrupticies among players and then flowing into their creditors .
The potential for financial contagion is not to be understated. Just think of how much money is loaned out to the U.S. fracking companies who will all collapse. Losses in the trillions.
Might be a good time to get a bit of cash out of the banks.
Gold and Silver have never looked better or safer.