MASS Delinquencies and Bankruptcies Will Swarm the Financial System Worse Than 1930’s

There have been numerous major events which have taken place already in 2020. Shockingly, this is only the tip of the iceberg. There will be delinquencies and bankruptcies that will be at historic levels. At this time the data is manipulated because of the government intervention. The longer it goes on for the more distortions will appear. In the end, this problem cannot be fixed by printing more money or any other action they take. Hang on tight, it’s going to be a bumpy ride.

 

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Russell Napier: «Central Banks Have Become Irrelevant»

themarket.ch/interview/russell-napier-central-banks-have-become-irrelevant-ld.2323

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(6) Javier Blas on Twitter: “OIL CAPITALISM: After the market closes and ahead of the July 4 long weekend, top oil drilling group Noble Corp discloses it’s paying out immediately 2020 bonuses to top executives (and the CEO, who was promised an incremental award, gets the extra payment also now) #OOTT $NE t.co/OmX7jSZTRx” / Twitter

twitter.com/JavierBlas/status/1278814267765129217

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No Payment, No Problem: Bizarre New World of Consumer Debt | Wolf Street

wolfstreet.com/2020/08/07/no-payment-no-problem-bizarre-new-world-of-consumer-debt/

US Evictions: Worst Yet to Come for Apartment Renters, Landlords – Bloomberg

www.bloomberg.com/news/articles/2020-07-24/the-worst-for-u-s-renters-and-apartment-owners-is-yet-to-come

Amazon wants to use J.C. Penney stores as fulfillment centers – report

www.cnbc.com/2020/08/09/amazon-wants-to-use-jc-penney-stores-as-fulfillment-centers—report.html

Simon Property, Amazon look at turning mall space into fulfillment centers: WSJ – Reuters

www.reuters.com/article/us-amazon-com-simon-prop-grp/simon-property-amazon-look-at-turning-mall-space-into-fulfillment-centers-wsj-idUSKCN2550TJ

No Bones About It: Ford Experiments with Four-Legged Robots, to Scout Factories, Saving Time, Money | Ford Media Center

media.ford.com/content/fordmedia/fna/us/en/news/2020/07/27/no-bones-about-it-ford-experiments-with-four-legged-robots.html

COVID-19 leads to a spike in car thefts – Crosstown

xtown.la/2020/07/20/stolen-car-covid-19-los-angeles/