Archive for the 'Collapse' Category
Insider Selling Soars
July 22nd, 2020Via: ZeroHedge: Four months later, with the S&P now back to just a whisker away from all time highs, and a handful of tech stocks at never before seen levels… … insiders have had enough and, confirming that valuations are in some cases even beyond dot com levels, have turned from rabid buyers into sellers […]
U.S. Homeland Security Confirms Three Units Sent Paramilitary Officers to Portland
July 21st, 2020Via: Reuters: The U.S. Department of Homeland Security’s Customs and Border Protection arm confirmed on Tuesday it has deployed officers from three paramilitary-style units to join a federal crackdown on protests against police violence in Portland, Oregon. “We have agents and officers from our special operations groups deployed,” a CBP official said in an email. […]
Eviction Looms for Millions of Americans Who Can’t Afford Rent
July 16th, 2020Via: Morningstar: Millions of Americans who have missed rent payments due to the coronavirus pandemic could be at risk of being evicted in the coming months unless government measures to protect them are extended, economists and housing experts say. Nearly 12 million adults live in households that missed their last rent payment, and 23 million […]
Banks Stand to Make $18 Billion in Paycheck Protection Program Processing Fees From CARES Act
July 15th, 2020The crooked middleman banker slop factor is beyond insane. But when plantation owners can just hold down the zero key on a computer to create trillions of dollars out of nothing… *meh* Via: The Intercept: Banks will make out with $18 billion in fees for processing small business Paycheck Protection Program relief loans during the […]
U.S. Units of Chinese Companies Got American Bailout Funds
July 15th, 2020Via: Bloomberg: Chinese companies including conglomerate HNA Group Co. and affiliates of a state-owned defense giant were among recipients of the billions of dollars in coronavirus-relief loans handed out by the U.S. government.
Mortgage Delinquencies Suddenly Soar at Record Pace
July 15th, 2020Via: Wolf Street: Transition from “Current” to 30-days past due: In April, the share of all mortgages that were past due, but less than 30 days, soared to 3.4% of all mortgages, the highest in the data going back to 1999. This was up from 0.7% in April last year. During the Housing Bust, this […]
California Locks Down Again
July 13th, 2020Via: Los Angeles Times: California is largely closing again amid a spike in COVID-19 cases across the state, as Gov. Gavin Newsom announced statewide restrictions Monday to again halt all indoor dining and close bars, zoos and museums. At the same time, most counties, including Los Angeles, San Bernardino, Orange and Riverside, will be forced […]
For First Time Since The Great Depression, Americans Must Wait In Line For The Most Basic Essential Items
July 12th, 2020Via: ZeroHedge: The scene can be somewhat dystopian and third world when you look at it: as a result of the pandemic and the new way that our economy is forced to do business, Americans all over the country are waiting in line – even for the most basic of essentials. For example, Bloomberg points […]
It Takes 3 Weeks to Escape Illinois
July 12th, 2020Via: The Street: Why 3 weeks? That’s how long it takes to reserve a one-way U-Haul outbound. “Everyone is leaving. No one is coming,” a U-Haul agent told us a few weeks ago.
The American Economy In Four Words: Neofeudal Extortion, Decline, & Collapse
July 9th, 2020Via: Of Two Minds: In sector after sector, the quality of the goods and services has declined while costs have soared. This is the acme of neofeudalism: insiders and the New Nobility are skimming fortunes as prices skyrocket and the quality of the goods and services provided plummet.
