Archive for the 'Collapse' Category
In Unprecedented Move, Congress Proposes Taxpayer-Funded Bailout Of $550 Billion CMBS Industry
July 29th, 2020Via: ZeroHedge: The bill would set up a government-backed funding vehicle which companies could tap to stay current on their mortgages. It is meant in particular to help those who borrowed in the $550 billion CMBS market in which mortgages are re-packaged into bonds and sold to Wall Street. What it really represents, is a […]
China Banks, Regulators Panic on Retail Gold Buying
July 29th, 2020Via: Reuters: Hao said any further gains in gold may spur more speculation, despite regulatory attempts to tamp it down. “If the gold price rises past $2,000, some more hot money will certainly flow into the market, and some investors will divert their stock investments to gold,” he said.
11 Million Households Could be Evicted Over the Next Four Months
July 28th, 2020Via: Fast Company: Every year, about 2.3 million American renter households receive eviction papers at some point. During the COVID-19 pandemic, we might see that many evictions in one month. Global advisory firm Stout, with input from the National Coalition for a Civil Right to Counsel (NCCRC), used census survey results and income data to […]
Gold: Record High
July 27th, 2020In other news: Second Stimulus Check Coming in August Via: Market Watch: Gold prices hit a fresh record on Monday, as investors continued to fret over the state of the COVID-19 battered global economy and amid concerns over the sticking power of stock gains. August gold GC00, 2.01% GCQ20, 2.01% surged $38.70, or 2%, to […]
The Federal Coup to Overthrow the States and Nix the 10th Amendment Is Underway
July 25th, 2020Via: The Rutherford Institute: We’ve been set up. Under the guise of protecting federal properties against civil unrest, the Trump Administration has formed a task force of secret agents who look, dress and act like military stormtroopers on a raid and have been empowered to roam cities in unmarked vehicles, snatching citizens off the streets, […]
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.
