(Zero Hedge) As the virus crisis worsens in the US, employees at Amazon and Instacart are planning to strike today.
Economy
The Economic Depression Of 2020: Many Of The Restaurants, Bars And Retailers That Have Closed Will Never Open Again
(Michael Snyder) It appears that we are heading into the worst economic downturn of the post-World War II era, and that is going to be true no matter how this coronavirus pandemic ultimately plays out. There are some that believe that this virus will only kill thousands, and there are others that are warning that it could kill millions, but everyone can agree that this outbreak is causing an unprecedented amount of fear.
Britain’s Housing Market Freezes As Wave Of Delayed Mortgage Payments Looms
(Zero Hedge) One of the more unorthodox measures implemented by No. 10 Downing Street when it placed the entire UK on lockdown earlier this week was a virtual freeze of the country’s housing market. For nearly a week now, the housing market across the country has ground to a halt as agents have been prohibited from marketing new homes.
COVID-19 Is Forcing The World To Re-Think The Idea Of “Monetary Value”
(Matthew Ehret) Western society has long been gripped by a deep seeded belief in money. Trillions of dollars of bank notes tied to ever-growing mountains of un-payable national debts has taken on a life of its own over the years. As the post-1971 years rolled by, society increasingly lost a sense that this human invention called “money” was created to serve humanity rather than rule it, and with that lost sense, money became an idol of worship.
“Unprecedented Decline” – The Collapse In World Trade Is A Once In A Generation Shock
(Zero Hedge) COVID-19 is expected to produce a global recession depression as nearly all of the world’s major economies have ground to a halt between February and March, expected to continue through April.
Debt Forgiveness and Nationalization Are the Answers to the Economic Crisis
(Paul Craig Roberts) The US airline companies have bankrupted themselves by buying back their stock in an enrichment scheme for CEOs and board members.
Trump Stops Collection of Student Loan Debt From Those in Default — What You Need to Know
(Zack Friedman) President Donald Trump has stopped collection of federal student loan debt. Here’s what you need to know.
RDS and Fulford Give Update On Pandemic, Gold Standard and Economy
Former Spy Robert David Steele sat down with Benjamin Fulford in this time-sensitive interview where they discuss the “fake pandemic”, the global economic situation, the value of moving to the gold standard and a debt jubilee. Consider sharing the article to help reach a wider audience and consider subscribing to Robert’s channel for more videos. […]
New Coronavirus Stimulus Bill in Congress Creates U.S. Digital Dollar
(Jason Brett) As the markets continue to drop and the U.S. looks to Congress for agreement on a massive stimulus package to save the economy from impacts of the coronavirus pandemic, the newest offer by House Democrats includes a very forward-looking kind of stimulus: the creation of a ‘digital dollar’ and the establishment of ‘digital dollar wallets.’ In what will send shock waves through the cryptocurrency and blockchain industry, particularly for those following central bank digital currencies around the world, this signals the U.S. is serious in establishing infrastructure for a central bank digital currency.
Senate Rushes to Approve $2.2 Trillion Coronavirus Bill After Landmark Agreement with White House
(Erica Werner, Mike DeBonis and Paul Kane) The Senate is aiming to vote as soon as Wednesday evening on a $2.2 trillion emergency relief package that is designed to flood the U.S. economy with money as households and businesses continue to reel from the coronavirus outbreak.
More Than 70 Million Americans Have Been Locked Down So Far, And This Is Just The Beginning…
(Michael Snyder) It seems like just yesterday that I was warning that the same sort of lockdowns that were occurring in Italy and China would soon be instituted here, and now it is actually happening. As you will see below, more than 70 million Americans have already been locked down, and more states will likely follow suit in the days ahead.
David Icke Explains How the Elite are Using Coronavirus to Reshape the Global Economy
(Phillip Schneider) “This coronavirus hysteria gives them an excuse to do what they’re doing, and the consequences of what they’re doing is to dismantle the world economic system.” – David Icke
“10% Of GDP”: US Coronavirus Stimulus Package To Total $2 Trillion
(Zero Hedge) First it was $850 billion. Then $1 trillion. Then $1.2 trillion. Then $1.3 trillion and the market still didn’t care, even as Round 3 of the proposed fiscal stimulus package grew faster than the number or coronavirus cases.
The U.S. Government Is Preparing For An 18 Month Pandemic And “Critical Shortages”
(Michael Snyder) Are you prepared for the nationwide shutdown that is happening now to last for the next 18 months? You may not believe that such a thing will happen, but the federal government apparently does. A 100 page government plan marked “For Official Use Only // Not For Public Distribution or Release” was obtained by the New York Times, and it paints a very bleak picture of what is coming. If the projections in this document are anywhere close to accurate, large numbers of Americans will die, the U.S. economy will completely implode, and we will see widespread civil unrest. So let us pray that the assessments in this government plan turn out to be dead wrong.
The U.S. Dollar Surges Amid Coronavirus Crisis
(James Barrett) While the U.S. stock market has been bludgeoned by panic over the coronavirus pandemic, losing all of the gains made during Trump’s presidency, the U.S. has one thing going for it: the dollar is making gains unseen for nearly three decades.