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ALMOST 50 MILLION AMERICANS HAVE NOW FILED FOR FIRST-TIME JOBLESS BENEFITS SINCE LOCKDOWNS BEGAN

ALMOST 50 MILLION AMERICANS HAVE NOW FILED FOR FIRST-TIME JOBLESS BENEFITS SINCE LOCKDOWNS BEGAN

Despite the hope-restoring nonfarm payrolls “recovery” and the over-hyped bounce in retail sales (ignoring the lack of ‘V’ in industrial production) and ‘soft’ sentiment surveys (which are biased by their…

THE AMERICAN ECONOMY IN FOUR WORDS: NEOFEUDAL EXTORTION, DECLINE, COLLAPSE

THE AMERICAN ECONOMY IN FOUR WORDS: NEOFEUDAL EXTORTION, DECLINE, COLLAPSE

Our society has a legal structure of self-rule and ownership of capital, but in reality it is a Neofeudal Oligarchy. Now that the pandemic is over and the economy is…

Jobs misery continues as more than 1.3 million people file for unemployment in a week and states reverse reopening because of surge in coronavirus cases

Jobs misery continues as more than 1.3 million people file for unemployment in a week and states reverse reopening because of surge in coronavirus cases

More than 1.3 million Americans applied for unemployment benefits last weekThe claims are at a historically high pace that shows that many employers are still laying people off in the…

Warning: The Fed is About to “Pull the Plug” on the Markets

Warning: The Fed is About to “Pull the Plug” on the Markets

by Phoenix Capita… The Fed is preparing to pull the plug on the markets. Quietly and with little notice, the Fed balance sheet has begun shrinking. Indeed, it started in early…

Retail Apocalypse Accelerates – 8,700 Stores Closing, Number Set To Rise

Retail Apocalypse Accelerates – 8,700 Stores Closing, Number Set To Rise

The unprecedented implosion of U.S. commercial real estate during the coronavirus pandemic is likely to get worse as newly delinquent CMBS loans are surging as the list of retail store closures continues to rise. …

he 2020 Economic Crisis. Global Poverty, Unemployment and Despair – There is a very complex decision-making process, which has been PLANNED WELL IN ADVANCE. From ‘central authority’, governments are instructed to close down their economies

he 2020 Economic Crisis. Global Poverty, Unemployment and Despair – There is a very complex decision-making process, which has been PLANNED WELL IN ADVANCE. From ‘central authority’, governments are instructed to close down their economies

We are undoubtedly living (in) one of the most serious economic and social and crises in modern history. In some regards, we are living history and we are unable to…

Guess who else just declared bankruptcy?

Guess who else just declared bankruptcy?

The stock market is poised for a 40% drop, warns economist who says the current climate feels a lot like 1929

The stock market is poised for a 40% drop, warns economist who says the current climate feels a lot like 1929

By Shawn Langlois Are we headed for another Great Depression? EVERETT COLLECTION ‘I think we’ve got a second leg down and that’s very much reminiscent of what happened in the 1930s where…

United Airlines Stock Plummets After Cutting 45% Of Staff, 53% Of Restaurant Closures Now Permanent

United Airlines Stock Plummets After Cutting 45% Of Staff, 53% Of Restaurant Closures Now Permanent

Market Creature Feature Returns! AND YOU HAVEN’T SEEN ANYTHING YET! Mannarino

Market Creature Feature Returns! AND YOU HAVEN’T SEEN ANYTHING YET! Mannarino

FILE- In this Sept. 16, 2008, file photo traders work in the product options pit at the New York Mercantile Exchange in New York. Home prices had sunk, and foreclosure…

Recovery Not Until 2022 and Another Market Crash This Year: World’s Most Accurate Economist

Recovery Not Until 2022 and Another Market Crash This Year: World’s Most Accurate Economist

Brooks Brothers Goes Bust With Business Clothes Losing Favor

Brooks Brothers Goes Bust With Business Clothes Losing Favor

Richard Clough and Jeremy Hill (Bloomberg) — Brooks Brothers Group Inc. filed for bankruptcy, felled by the pandemic’s impact on clothing sales and its own heavy debt load. The two-century-old…

Fed Says V-Shape Recovery Has Reversed. MORE Money Printing Needed! QE6?

Fed Says V-Shape Recovery Has Reversed. MORE Money Printing Needed! QE6?

NASDAQ HITS NEW RECORD AS THE FED PROMISES EVEN MORE EASY MONEY. Mannarino

NASDAQ HITS NEW RECORD AS THE FED PROMISES EVEN MORE EASY MONEY. Mannarino

Stock Market Warning, JP Morgan Turns Bearish, Unemployment Remain Above 10%, Underwhelming Recovery

Stock Market Warning, JP Morgan Turns Bearish, Unemployment Remain Above 10%, Underwhelming Recovery

This Can’t End Well, Plus Another All-Time Record

This Can’t End Well, Plus Another All-Time Record

This can’t end well, plus another all-time record. (King World News) – Gregory Daco, Chief US Economist at Oxford Economics:  Not paying rent… WOW: This Can’t End Well ………More Here…

The U.S. Economy Hasn’t Experienced Anything Like This Since The Great Depression Of The 1930s

The U.S. Economy Hasn’t Experienced Anything Like This Since The Great Depression Of The 1930s

by Michael Snyder The recession of 2008 and 2009 was bad, but it was nothing like this.  Even though this new economic downturn is only a few months old, we are…

Bankers ‘playing financial Russian roulette’ until they ‘blow America’s head off’ – RT’s Keiser Report

Bankers ‘playing financial Russian roulette’ until they ‘blow America’s head off’ – RT’s Keiser Report

Max Keiser and Stacy Herbert discuss the ‘conspiracy theory’ that capital markets are no longer free because the US Federal Reserve and other central banks control everything. Stacy says that…

The Markets Are Driving An Extinction Level Event. By Gregory Mannarino

The Markets Are Driving An Extinction Level Event. By Gregory Mannarino

The weight of the economic onslaught is heavy…Dunkin’ will permanently close 450 store locations by the end of 2020

The weight of the economic onslaught is heavy…Dunkin’ will permanently close 450 store locations by the end of 2020

QUINCY, MA – JANUARY 16: A sign outside the new Dunkin’ store in Quincy, MA is pictured on Jan. 16, 2018. The famed local chain debuted the new store with…

(Alert). ANOTHER TRILLION IN “STIMULUS!” Market Set For BIG Gains. Mannarino

(Alert). ANOTHER TRILLION IN “STIMULUS!” Market Set For BIG Gains. Mannarino

http://Demonocracy.info…

Economic Activity Declines In The Hardest Hit States, The Fed’s Inflation Is Punishing The Poor

Economic Activity Declines In The Hardest Hit States, The Fed’s Inflation Is Punishing The Poor

Major Banking Crisis May Start In A Few Weeks, Silver Ready To Ignite, Plus Adults Living With Parent Or Grandparent Hits All-Time High!

Major Banking Crisis May Start In A Few Weeks, Silver Ready To Ignite, Plus Adults Living With Parent Or Grandparent Hits All-Time High!

A major banking crisis may start in a few weeks, silver ready to ignite, plus adults living with parent or grandparent hits all-time high! Major Banking Crisis May Start In…

The coming economic crash will be like NOTHING in history

The coming economic crash will be like NOTHING in history

By Professor Richard Wolff Professor of Economics Richard Wolff explains the dire direction our economy is headed towards as unemployment continues to skyrocket. Posted July 02, 2020…

Second Round of Layoffs Have Begun! Bankruptcies Soar! Latin America Worst Crisis Since 1901

Second Round of Layoffs Have Begun! Bankruptcies Soar! Latin America Worst Crisis Since 1901

Greyerz – The World Monetary System Is About To Collapse

Greyerz – The World Monetary System Is About To Collapse

Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned investors to get prepared because the world monetary system is…

The Global economy is being battered & shredded: Global tourism may lose up to $3.3 TRILLION if worst coronavirus forecast comes true, warns UN

The Global economy is being battered & shredded: Global tourism may lose up to $3.3 TRILLION if worst coronavirus forecast comes true, warns UN

The Covid-19 pandemic is set to cost global tourism up to $3.3 trillion if the sector, which is vital for many countries’ economies, remains halted for one year due to…

The Good, The Bad And The Ugly From The Latest U.S. Employment Numbers

The Good, The Bad And The Ugly From The Latest U.S. Employment Numbers

 by Michael Snyder Is the U.S. economy starting to rebound from the massive downturn that the coronavirus lockdowns caused?  Some new employment numbers were released on Thursday, and they were very…

Unemployment rate is higher than officially recorded, more so for women and certain other groups

Unemployment rate is higher than officially recorded, more so for women and certain other groups

The COVID-19 outbreak has presented a unique set of measurement challenges for statistical agencies. Most recently, the Bureau of Labor Statistics (BLS) reported that the U.S. unemployment rate stood at 13% in May 2020, nonseasonally adjusted.…

All this is part of the ‘Great Economic Recovery’….Pizza Hut and Wendy’s Operator NPC Files for Bankruptcy

All this is part of the ‘Great Economic Recovery’….Pizza Hut and Wendy’s Operator NPC Files for Bankruptcy

By Katherine Doherty  NPC can keep operating while it works on turnaround plan Restaurant operator will look to sell Wendy’s franchises NPC International Inc., the largest franchisee of Pizza Hut restaurants in…