Why the Global Economy CAN’T Recover! More Job Cuts, Recession, and Rapidly Growing Debt

This is the global economic rot. A world in which most cannot escape. There has been an attempted rescue of the financial system from the Repo actions of the Fed, the excessive money printing, and on the economic side, we watch as governments go further and further into debt to try and fill the holes in this proverbial boat. Sadly, this is all just a cover for a massive transfer of wealth and control to the globalist elite.

 

US, China, India, Europe can’t save global economy from recession – Business Insider

www.businessinsider.com/us-china-india-europe-cant-save-global-economy-from-recession-2020-9

The coming wave of defaults | TheHill

thehill.com/opinion/finance/516032-the-coming-wave-of-defaults

Automotive’s new reality: Fewer trips, fewer miles, fewer cars?

advisory.kpmg.us/content/dam/advisory/en/pdfs/2020/automotives-new-reality.pdf

The average credit card interest rate by credit score and card – Business Insider

www.businessinsider.com/personal-finance/average-credit-card-interest-rate

Capital One Cuts Card Limits Amid U.S. Jobless-Aid Impasse – Bloomberg

www.bloomberg.com/news/articles/2020-08-28/capital-one-cuts-card-limits-amid-u-s-impasse-on-jobless-aid?srnd=premium

Tech Shares Roil Market as Stocks Fall for Second Week – WSJ

www.wsj.com/articles/global-stock-markets-dow-update-09-11-2020–11599816452

relative correction.jpg (728×486)

www.zerohedge.com/s3/files/inline-images/relative%20correction.jpg?itok=uYR6lu_S

About derivatives statistics

www.bis.org/statistics/about_derivatives_stats.htm

The Big Corporate Rescue and the America That’s Too Small to Save

features.propublica.org/cleveland-bailout/the-big-corporate-rescue-and-the-america-thats-too-small-to-save/

Department Store Century 21 Files Bankruptcy, Will Shut Down – Bloomberg

www.bloomberg.com/news/articles/2020-09-10/department-store-century-21-files-for-bankruptcy-will-shut-down

Las Vegas Monorail Company files for Chapter 11 bankruptcy | Las Vegas Local Breaking News, Headlines | fox5vegas.com

www.fox5vegas.com/news/las-vegas-monorail-company-files-for-chapter-11-bankruptcy/article_52779f30-f16a-11ea-a152-b775b37abcaf.html

GameStop Will Close at Least 400 Stores This Year | Game Rant

gamerant.com/gamestop-store-close-400/

Delta Air Lines to furlough 1,941 pilots in October, according to internal memo

www.fox29.com/news/delta-air-lines-to-furlough-1941-pilots-in-october-according-to-internal-memo

Singapore Air Cuts 20% of Workforce as Virus Smashes Travel – Bloomberg

www.bloomberg.com/news/articles/2020-09-10/singapore-airlines-plans-to-slash-a-quarter-of-workforce

Ford wants to cut 1,400 jobs through voluntary retirement: What we know

www.freep.com/story/money/cars/ford/2020/09/02/ford-jobs-retirement-program-workers/5689608002/

Amtrak tells employees it will furlough 1,950 workers | Trains Magazine

trn.trains.com/news/news-wire/2020/09/01-amtrak-tells-employees-it-will-furlough-1950-workers

Retail Store Databank | Coresight Research

coresight.com/retail-store-tracker/