(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.
economy
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.
“Biggest Lockdown in World History”: India Paralyzed as COVID-19 Crisis Unfolds
(Zero Hedge) Indian stocks crashed on Monday, suffering their worst single-day loss on record, as domestic and foreign investors were absolutely terrified that a nationwide lockdown triggered by a COVID-19 outbreak could crash the economy.
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.
Unemployment Claims Predicted To Hit TWO MILLION, The Worst In US History (Video)
Unemployment Claims Predicted To Hit TWO MILLION, The Worst In US History (Video)
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.
The Coronavirus Collapse Is Here: Get Ready For The U.S. Unemployment Rate To Hit 20 Percent (Or Higher)
(Michael Snyder) As communities all over America shut down in order to help prevent the spread of the coronavirus, job losses are already starting to rise to extremely alarming levels. As you will see below, almost one out of every five households in the U.S. has already experienced “a layoff or a reduction in work hours” because of this pandemic.
Trump Orders HUD to Suspend Evictions and Foreclosures
(Brett Samuels and Sylvan Lane) President Trump on Wednesday directed the Department of Housing and Urban Development (HUD) to suspend evictions and foreclosures through April as Americans grapple with the fallout of the coronavirus.
For The 3rd Time This Month, We Just Witnessed The Largest Single Day Point Crash In Stock Market History
(Michael Snyder) We are literally witnessing history in the making. For the third time in the last six trading sessions, we have witnessed the largest single day point crash in stock market history. Let that sink in for a moment. On March 9th, the Dow set a new record by falling 2,013 points.
Cash for Coronavirus: White House Working to Send Checks to Americans to Fight Coronavirus’ Economic Impact: Mnuchin
(Mark Moore and Steven Nelson) Treasury Secretary Steven Mnuchin said Tuesday the Trump administration is working with Congress on a plan that would send checks to Americans in an effort to blunt the coronavirus pandemic’s effect on the economy.