Home » Posts tagged 'the most important news' (Page 2)
Tag Archives: the most important news
Deep Economic Suffering Has Erupted All Over America, But Guess Who The Federal Reserve Is Helping?
Deep Economic Suffering Has Erupted All Over America, But Guess Who The Federal Reserve Is Helping?
As millions upon millions of Americans lose their jobs in the greatest wave of unemployment in U.S. history, the Federal Reserve has decided that now is the time to spend trillions of newly created dollars in a desperate attempt to protect financial asset values. In other words, as much of the country suddenly plunges into poverty, the Federal Reserve is working exceedingly hard to protect the wealth of the elite. Approximately fifty percent of all stock market wealth is owned by the wealthiest one percent of all Americans, and the amount of stock market wealth owned by the poorest 50 percent of all Americans is so small that it really doesn’t matter. And those running the Fed certainly understand that their reckless policies will create very painful inflation that will hit average American families extremely hard, but they don’t seem to care. At this point, they figure that asset values must be protected at all costs, and that is going to continue to expand the absolutely massive gap between the rich and the poor in this country.
Over the past 3 weeks, more than 16 million Americans have filed new claims for unemployment benefits.
Prior to this year, the highest number that we had ever seen in any 3 week span in all of American history was about 2 million.
It is a collapse of unprecedented magnitude, and things have already gotten so bad that even “the Happiest Place on Earth” is conducting mass layoffs…
Walt Disney World Resort will furlough 43,000 union workers while its theme parks remain closed as authorities restrict large gatherings due to the coronavirus pandemic, according to the Service Trades Council Union.
…click on the above link to read the rest of the article…
Worse Than 2008: We Are Being Warned That The Coronavirus Shutdown “Could Collapse The Mortgage Market”
Worse Than 2008: We Are Being Warned That The Coronavirus Shutdown “Could Collapse The Mortgage Market”
The cascading failures that have been set into motion by this “coronavirus shutdown” are going to make the financial crisis of 2008 look like a Sunday picnic. As you will see below, it is being estimated that unemployment in the U.S. is already higher than it was at any point during the last recession. That means that millions of American workers no longer have paychecks coming in and won’t be able to pay their mortgages. On top of that, the CARES Act actually requires all financial institutions to allow borrowers with government-backed mortgages to defer payments for an extended period of time. Of course this is a recipe for disaster for mortgage lenders, and industry insiders are warning that we are literally on the verge of a “collapse” of the mortgage market.
Never before in our history have we seen a jump in unemployment like we just witnessed. If you doubt this, just check out this incredible chart.
Millions upon millions of American workers are now facing a future with virtually no job prospects for the foreseeable future, and former Fed Chair Janet Yellen believes that the unemployment rate in the U.S. is already up to about 13 percent…
Former Federal Reserve Chair Janet Yellen told CNBC on Monday the economy is in the throes of an “absolutely shocking” downturn that is not reflected yet in the current data.
If it were, she said, the unemployment rate probably would be as high as 13% while the overall economic contraction would be about 30%.
If Yellen’s estimate is accurate, that means that unemployment in this country is already significantly worse than it was at any point during the last recession.
And young adults are being hit particularly hard during this downturn…
…click on the above link to read the rest of the article…
The Entire Western World Is Starting To Shut Down As Authorities Brace For “Millions” Of Coronavirus Cases
The Entire Western World Is Starting To Shut Down As Authorities Brace For “Millions” Of Coronavirus Cases
Since the end of World War II, have we ever seen the entire globe gripped by so much fear? This week, the number of confirmed coronavirus cases in the U.S. and Europe has absolutely exploded, and authorities all over the western world are rushing to shut down public gatherings of all kinds. The NCAA has banned fans from upcoming tournament games, the NBA just suspended the entire season because a Utah Jazz player tested positive, and dozens of other sporting events have been canceled all over the planet. In both the U.S. and Europe, schools are being shut down for weeks, some universities are telling their students not to come back for the rest of the semester, and a whole host of concerts, conferences, festivals and religious gatherings are either being postponed or canceled altogether. We have never seen anything like this before, and the implications are staggering.
Keeping everyone at home for a few weeks is one thing.
But what is going to happen if this pandemic just keeps growing for the rest of this calendar year or even longer?
According to NBC News, the attending physician of Congress believes that “70 million to 150 million people in the United States will become infected”…
Dr. Brian Monahan, the attending physician of Congress and the U.S. Supreme Court, said he expects 70 million to 150 million people in the United States will become infected with COVID-19, NBC News reported Wednesday, citing two sources.
Monahan made the comments to Senate staff during a closed-door meeting Tuesday afternoon, according to NBC News.
Right now, there are less than 2,000 confirmed cases in this country and fear is off the charts.
…click on the above link to read the rest of the article…
2020 Just Began, And Weird Things Are Already Starting To Happen All Over The World
2020 Just Began, And Weird Things Are Already Starting To Happen All Over The World
Many of us are expecting 2020 to be a very unusual year, and it certainly didn’t take long for the weirdness to start. In this article I am going to share several examples of this weirdness with you, and I have a feeling that this is just the beginning of what we are going to experience over the next 12 months. We live at a time when the pace of change has reached at an exponential rate, and our society is literally coming apart at the seams all around us. That makes this a perfect environment for weird stuff to happen, and that means that I will have no shortage of things to write about in the coming days.
I would like to start off by discussing the really bizarre phenomenon that is happening in the skies over Colorado and Nebraska right now. According to the New York Times, hordes of sophisticated drones have been “flying in precise formations” over those two states at night and nobody knows where they are from…
They come in the night: Drones — lots of them — flying in precise formations over the Colorado and Nebraska prairie.
Why are they there? Unclear.
“It’s creepy,” said Missy Blackman, who saw three drones hovering over her farm outside Palisade, Neb., on a recent evening, including one that lingered right above her house. “I have a lot of questions of why and what are they, and nobody seems to have any answers.”
One or two unidentified drones is not a big deal, but we are talking about hundreds and potentially even thousands of drones that are operating in coordination with one another, and nobody has any idea who owns them.
…click on the above link to read the rest of the article…
47 Percent Of GDP – This Is Definitely The Scariest Corporate Debt Bubble In U.S. History
47 Percent Of GDP – This Is Definitely The Scariest Corporate Debt Bubble In U.S. History
We are facing a corporate debt bomb that is far, far greater than what we faced in 2008, and we are being warned that this “unexploded bomb” will “amplify everything” once the financial system starts melting down. Thanks to exceedingly low interest rates, over the last decade U.S. corporations have been able to go on the greatest corporate debt binge in history. It has been a tremendous “boom”, but it has also set the stage for a tremendous “bust”. Large corporations all over the country are now really struggling to deal with their colossal debt burdens, and defaults on the riskiest class of corporate debt are on pace to hit their highest level since 2008. Everyone can see that a major corporate debt disaster is looming, but nobody seems to know how to stop it.
At this point, companies listed on our stock exchanges have accumulated a total of almost 10 trillion dollars of debt. That is equivalent to approximately 47 percent of U.S. GDP…
A decade of historically low interest rates has allowed companies to sell record amounts of bonds to investors, sending total U.S. corporate debt to nearly $10 trillion, or a record 47% of the overall economy.
In recent weeks, the Federal Reserve, the International Monetary Fund and major institutional investors such as BlackRock and American Funds all have sounded the alarm about the mounting corporate obligations.
We have never witnessed a corporate debt crisis of this magnitude.
Corporate debt is up a whopping 52 percent since 2008, and this bubble is continually growing.
And actually the 10 trillion dollar figure is the most conservative number out there. Because if you add in all other forms of corporate debt, the grand total comes to 15.5 trillion dollars. The following comes from Forbes…
…click on the above link to read the rest of the article…
Solar Minimum Madness: Is Thanksgiving’s Winter Wonderland A Preview Of The Bitterly Cold Winter To Come?
Solar Minimum Madness: Is Thanksgiving’s Winter Wonderland A Preview Of The Bitterly Cold Winter To Come?
This week, three major winter storms will batter most of the country with ice, snow and bitterly cold temperatures just in time for Thanksgiving. It is being projected that 55 million Americans will be traveling this week, and so this bizarre weather comes at a very bad time. But of course we have already seen a series of blizzards roar across the nation in recent weeks and hundreds of record cold temperatures have already been shattered and we are still about a month away from the official start of winter. Normally, it isn’t supposed to be this cold or this snowy yet, but we don’t live in “normal” times.
Scientists tell us that solar activity becomes very quiet during a “solar minimum”, and when solar activity becomes very quiet we tend to have very cold winters. And in recent months solar activity has been very, very low. In fact, we haven’t seen any sunspots at all “since November 2”…
We have not seen any sunspots since November 2, and at that time they were only visible for two days, and prior to that no sunspots since October 2.
Unless things change, and that is not expected to happen, we should prepare for a very cold and very snowy winter. And this upcoming week is likely to be a preview of coming attractions. According to CNN, holiday travelers will have three major winter storms to deal with…
As Thanksgiving week starts, a record number of travelers will be dealing with three storms nationwide that will add to the holiday stress.
One storm will lash the East and will affect travel through Sunday, another one will batter the Midwest on Tuesday and a third one will move through the West on Wednesday.
…click on the above link to read the rest of the article…
Guess Who Is Preparing For A Major Stock Market Crash?
Guess Who Is Preparing For A Major Stock Market Crash?
Pessimism is spreading like wildfire on Wall Street, and this is particularly true among one very important group of investors. And considering how much money they have, it may be wise to listen to what they are telling us. According to a very alarming survey that was recently conducted by UBS Wealth Management, most wealthy investors now believe that there will be a “significant” stock market decline before the end of next year. The following comes from Yahoo Finance…
Wealthy people around the globe are hunkering down for a potentially turbulent 2020, according to UBS Global Wealth Management.
A majority of rich investors expect a significant drop in markets before the end of next year, and 25% of their average assets are currently in cash, according to a survey of more than 3,400 global respondents. The U.S.-China trade conflict is their top geopolitical concern, while the upcoming American presidential election is seen as another significant threat to portfolios.
Of course this could ultimately become something of a self-fulfilling prophecy if enough wealthy investors pull their money out of stocks and start increasing their cash reserves instead. Nobody wants to be the last one out of the barn, and it isn’t going to take too much of a spark to set off a full-blown panic. Perhaps the most troubling number from the entire survey is the fact that almost 80 percent of the wealthy investors that UBS surveyed believe that “volatility is likely to increase”…
Nearly four-fifths of respondents say volatility is likely to increase, and 55% think there will be a significant market sell-off before the end of 2020, according to the report which was conducted between August and October and polled those with at least $1 million in investable assets. Sixty percent are considering increasing their cash levels further, while 62% plan to increase diversification across asset classes.
…click on the above link to read the rest of the article…
Are You Ready For A Catastrophically Cold Winter? Here Is What The Mainstream Media Won’t Tell You…
Are You Ready For A Catastrophically Cold Winter? Here Is What The Mainstream Media Won’t Tell You…
Experts are warning us that this will be a “freezing, frigid, and frosty” winter, and even though the official beginning of winter is still over a month away, it already feels like that in much of the country right now. Over the next several days, it will literally feel like it is mid-January in much of the central and eastern portions of the United States. Many areas will be hit by temperatures that are 30 degrees below normal, and heavy snow is expected in some areas of the Midwest. Unfortunately, this bitterly cold weather is coming at a very bad time for corn farmers. According to the latest USDA crop progress report, only 52 percent of the corn in the middle of the country has been harvested. So about half of the corn is still sitting out there, and these extraordinarily low temperatures could potentially be absolutely devastating. In essence, this cold front threatens to put an exclamation point on an absolutely horrific year for U.S. farmers. According to the National Weather Service, we could possibly see “170 potential daily record cold high temperatures” over the next three days…
“The National Weather Service is forecasting 170 potential daily record cold high temperatures Monday to Wednesday,” tweeted Weather Channel meteorologist Jonathan Erdman. “A little taste of January in November.”
The temperature nosedive will be a three-day process as a cold front charges across the central and eastern U.S. from Sunday into Tuesday.
We are being told that low temperatures in certain portions of Texas could plunge into the teens, and all across the Upper Midwest we could see low temperatures that are well below zero.
…click on the above link to read the rest of the article…
Global Debt Is Up To $188,000,000,000,000 – This Is Officially The Biggest Debt Bubble The World Has Ever Seen
Global Debt Is Up To $188,000,000,000,000 – This Is Officially The Biggest Debt Bubble The World Has Ever Seen
The world is now 188 trillion dollars in debt, and that number continues to grow rapidly each year. It is a form of enslavement that is deeply insidious, because most of those living on the planet do not even understand how the system works, and even if they did most of them would have absolutely no hope of ever getting free from it. The borrower is the servant of the lender, and the global financial system is designed to funnel as much wealth to the top 0.1% as possible. Of course throughout human history there has always been slavery, and the primary motivation for having slaves is to extract an economic benefit from those that are enslaved. And even though most of us don’t like to think of ourselves as “slaves” today, the truth is that the global elite are extracting more wealth from all of us than ever before. So much of our labor is going to make them wealthy, and yet most people don’t even realize what is happening.
Let’s start with a very simple example to help illustrate this.
When you go into credit card debt and you only make small payments each month, you can easily end up paying back more than double the amount of money that you originally borrowed.
So where does all that money go?
Well, of course it goes to the financial institution that you got your credit card from, and in turn that financial institution is owned by the global elite.
In essence, you willingly became a debt slave when you chose to go into credit card debt, and the hard work that it took to earn enough money to pay back that debt with interest ended up enriching others.
…click on the above link to read the rest of the article…
