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'Tis The Season For Bankruptcies, Store Closings, & Tent Cities...

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  • 'Tis The Season For Bankruptcies, Store Closings, & Tent Cities...

    'Tis The Season For Bankruptcies, Store Closings, & Tent Cities...

    https://www.zerohedge.com/personal-f...gs-tent-cities

    We need to make 2021 a year of hope, because right now there is more economic suffering in America than we have seen since the Great Depression of the 1930s. More than 100,000 businesses have permanently closed down since the pandemic began, many of our most iconic chains have........

  • #2
    Re: 'Tis The Season For Bankruptcies, Store Closings, & Tent Cities...

    A crisis created by your government built on fear.
    A virus with a 98% recovery rate. A population death rate of .006 %
    And like deer in headlights you let them do it.

    What percentage of people's lives have been permanently destroyed.

    What will they do to us next. After all Cuomo can kill thousands with his mandates with no penalty.

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    • #3
      Re: 'Tis The Season For Bankruptcies, Store Closings, & Tent Cities...

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      • #4
        Re: 'Tis The Season For Bankruptcies, Store Closings, & Tent Cities...

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        • #5
          Re: 'Tis The Season For Bankruptcies, Store Closings, & Tent Cities...

          The wacko's are everywhere, these groups of nitwits are multiplying daily with their extremist demands and the politicians sit back and condone it and let it continue.

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          • #6
            Re: 'Tis The Season For Bankruptcies, Store Closings, & Tent Cities...

            Originally posted by 1484-1075 View Post
            The wacko's are everywhere, these groups of nitwits are multiplying daily with their extremist demands and the politicians sit back and condone it and let it continue.
            That's socialism for you...

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            • #7
              Re: 'Tis The Season For Bankruptcies, Store Closings, & Tent Cities...

              The US Has Lost More Than 110,000 Restaurants, Setting Stage For Commercial Real Estate Collapse Of Epic Proportions

              The restaurant industry is in the midst of a complete and total meltdown that is unlike anything that we have ever seen before. If you ask Google how many restaurants there are in the United States, it will tell you that there are 660,755, although that number is a few years old. But for the purposes of this article, that is a good enough estimate. Americans love to eat out, and restaurant workers are some of the hardest working people in the entire country. So it is incredibly sad to see more restaurants constantly going under. In some cases, restaurants that have served their communities for decades are deciding to permanently close their doors.

              In fact, in a recent article that he penned for Fox Business, Adam Piper lamented the fact that more than 100,000 U.S. restaurants have gone out of business during this pandemic…

              State and local governments have wielded the coronavirus pandemic as license to steal freedom and opportunity in pursuit of unprecedented omnipotence. Unreasonable, unnecessary and hypocritical actions have forced over 100,000 restaurants to close and endanger countless others.
              And according to Bloomberg, the true number of dead restaurants is now over 110,000…

              More than 110,000 restaurants have closed permanently or long-term across the country as the industry grapples with the devastating impact of the Covid-19 pandemic.
              All of the dominoes are starting to fall, and we are still in the very early chapters of this horrifying economic collapse.

              Unfortunately, most Americans still don’t understand what is happening, and most of them have no idea that economic conditions will soon get even worse.

              https://www.zerohedge.com/personal-f...state-collapse

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              • #8
                Re: 'Tis The Season For Bankruptcies, Store Closings, & Tent Cities...

                Will 2021 Be The Year The World Loses Faith In The US Dollar?

                Nearly 186 years ago to the week on January 8, 1835, US President Andrew Jackson accomplished what no other American president has done before, or since: he paid off the national debt. Jackson was a staunch fiscal conservative. He despised banks, and, according to his biographer, he considered central banking “black magic”, and the national debt a “moral failing”. So he paid it all off– roughly $5 million.

                The national debt is now nearly $28 trillion– 40% larger than the entire US economy. And the debt will most certainly hit $30 trillion over the next several months. Last year alone the debt grew by $4.5 trillion due to all the Covid stimulus. This matters. Because, sooner or later, that debt is going to mature and will need to be repaid. Now, traditionally, whenever government bonds mature, many investors simply reinvest their proceeds into a brand new bond. In this way, the government doesn’t actually have to pay anyone back; they just keep refinancing and kicking the can down the road farther out into the future. And the Treasury Department is praying that bondholders will continue this practice forever.

                As it turns out (according to Bloomberg) $8 TRILLION worth of government debt in the US will mature THIS YEAR alone. Plus, the Congressional Budget Office expects another $2+ trillion deficit this year due more Covid stimulus. So that’s potentially $10+ trillion worth of government debt that will need to be placed this year. That’s $300,000 per second. The only way they’ll realistically accomplish this is if the Federal Reserve ‘prints’ trillions of dollars of new money. The Fed did this last year; in January 2020, the Fed owned $2.3 trillion worth of US government debt. Today they own $4.7 trillion, plus trillions more in other bonds, for a total balance sheet of $7 trillion. This is the ‘black magic’ of central banking; the Fed conjured money out of thin air and expanded the money supply by roughly 25% last year. Then they used that money to buy US government bonds.

                They’ll have to do it again this year and create trillions of dollars more. It is rather interesting that Janet Yellen is the incoming Secretary of the Treasury; she used to be Fed chair, and during her tenure she oversaw unprecedented money printing programs. So there will likely be plenty of cooperation between the Fed and Treasury to print absurd quantities of money this year. Certainly there will be some bondholders who extend their securities. But most likely the Fed will need to print another $3+ trillion, pushing its balance sheet beyond the $10 trillion mark. And if they really go down this destructive path– $30 trillion national debt, a $10 trillion Fed balance sheet– then 2021 may be the year that the world finally loses confidence in the US dollar.

                https://www.zerohedge.com/economics/...aith-us-dollar

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