Jeremiah Babe,
“Pay Off Your Debt Now; Don’t Finance Your Lifestyle;
Gas Prices To Soar; Energy Industry Endgame”
So, we rise from the rubble...
Saturday, January 23, 2021
"Investing Legend Sees "Spectacular" Stock Market Crash In "The Next Few Months"
"Investing Legend Sees "Spectacular"
Stock Market Crash In "The Next Few Months"
by Epic Economist
"Investment legend Jeremy Grantham is warning for a spectacular stock market crash in the next few months. Fueled by the Federal Reserve's unprecedented money printing policies and unsustainable investor speculation, the stock bubble is worrying several market watchers that have been alerting for a steep market correction of at least 50 percent. As Wall Street keeps registering record highs, Main Street remains stalled, and the disconnection between markets and the economy will likely weigh upon the risky stock price bubble since the staggering overvaluation isn't supported by real economic output.
Even Bank of America analysts are signaling that volatility events are about to be triggered as a result of the massive inflation launched by the Fed, which will likely push asset prices into a secular free-fall that could last for decades before stock growth is resumed. That's what we discuss in this video.
That's the same warning Investing icon Jeremy Grantham has stated in a recent Bloomberg interview that the bursting of this great, epic bubble will be the "most important investing event of your lives". Despite the market's bullish-run, Grantham affirms that this will soon end in tears. Now, Citi Bank, BofA, and Goldman are all warning for a looming sell-off, which is being prompted by investors' risk-taking behavior in view of the latest stimulus package.
Although some investors may affirm that the current valuations are backed by the growth potential of transformative technologies and new business models, the investing legend dismisses that justification, arguing that the popular belief that the Fed will always be able to cushion or even the next crash with even more QE or easing is just impractical. But, apparently, the stock market keeps disregarding all warnings of a crash and just keeps on rising.
Bank of America strategists have also indicated that the “extreme rally” on Wall Street was being fueled by the dramatic U.S. policy stimulus, consequently, forming the bubble in asset prices. “D.C.’s policy bubble is fueling Wall St’s asset price bubble,” the strategists wrote in a recent note. “When those who want to stay rich start acting like those who want to get rich, it suggests a late-stage speculative blow-off".
"Soaring market prices as investors boost inflation-linked trades will drag “Main St inflation” higher, risking a taper tantrum, tighter financial conditions and volatility events," the strategists revealed on a cautionary note. BofA is anticipating the Fed balance sheet to reach 42% of the U.S gross domestic product by the end of 2021 while projecting that the nation's budget deficit will hit 33% of GDP. Echoing BofA's note, Grantham claims after a crash finally happens, investors “will not make a handsome 10- or 20-year return from U.S. growth stocks,” which describes how the next crash will be a secular correction that will take decades for the markets to recover from.
Grantham’s assessment also reflected upon the founder of the Baupost Group hedge fund Seth Klarman's outlook for the markets. In a recent letter to his clients, he said investors have been convinced that risk has “simply vanished”. Klarman stressed that the Fed's decision to aggressively reduce rates since the burst of the outbreak has left the market in a "topsy-turvy" state. Just as Grantham, he also emphasized that the constant Fed intervention has made investors blind to the many risks that have been accumulating throughout the economic recession, while also worsening inequality. "The recovery will be “K” shaped," Klarman added, which means, “the fortunes of those already at the top bounding swiftly upward, while those at the bottom remain on a downslope without end”.
Indeed, the next imminent market crash will likely be the worst on record for both markets and the economy. But while investors can find ways to profit from the downfall of the financial system, the economy does not have the same ability. The most alarming aspect of the current financial bubble is precisely the fact that it has been inflated in the face of the worst recession since the Great Depression. All previous major bubbles happened during periods of speedy growth, which made a fairly swift recovery still possible. But that's not the case right now. More concerningly, asset prices are incomparably higher now than they were in the final stages of previous bull markets and higher than their already exuberant levels seen just before the eruption of the sanitary outbreak. To simply put, we're headed to a catastrophe. One that will likely reset the course of the whole financial system and devastate our struggling economy. And yet, that will be just the start of the collapse."
Greg Hunter, "Establishment War Against 'We the People'”
"Establishment War Against 'We the People'”
By Greg Hunter’s USAWatchdog.com
"Former Assistant Treasury Secretary and award winning journalist Dr. Paul Craig Roberts (PCR) says the country has changed dramatically since the massively fraudulent and rigged 2020 Election that put Joe Biden in the White House. Dr. PCR says, “First, consider there is now an organized war by the establishment against anyone who takes exception to their explanation of the election. We see, for example, free speech is now dead. Many of the institutions in the United States no longer believe in it. You can’t protest what you perceive as a stolen election without being called an enemy of democracy. Well, someone who is protesting what they perceive as a stolen election is defending democracy. Now, that means they are an enemy because the narrative can’t be challenged. You can’t say anything is wrong with the 2020 Election even if you have enormous evidence. So, you don’t have free speech. Also, a lot of people who attended the Trump rally (in Washington D.C. 1/6/21) have been fired simply for attending the rally. So, you don’t have freedom of association. You cannot do anything that is seen as opposition to the establishment. Biden was demanding personal allegiance from the troops who defended the inauguration. So, it looks more and more like a dictatorship.”
Dr. PCR goes on to say, “The evidence is overwhelming that the election was stolen. There is no doubt about it. Let’s assume we don’t really know if the election was stolen. We do know everybody who voted for Trump believes it was stolen. We also know from the polls that 30% of Democrats believe it was stolen. So, if that many people believe it was stolen, the government has an obligation to investigate and tell the people we looked at the evidence, and say it was or was not stolen, but they refuse to look at the evidence. They had the explanation ready, and the explanation was ‘there’s no evidence.’ They failed, we have a divided country and they just let the country be divided. Now, they are going to pass a domestic terrorism law, and the purpose is to further control any dissent. This is why I say we have crossed a line. This is like Caesar crossing the Rubicon. That was the end of the Roman Republic. This is the end of democracy. The Republican Party is dead because they failed Trump voters.”
Dr. PCR, who holds a PhD in Economics, says the Biden Administration policies are going to tank the U.S. economy. For example, on Biden’s first day in office, he canceled the XL Pipeline and re-entered the Paris Climate Accord. That killed tens of thousands of U.S. jobs with the stroke of Biden’s pen. Again, this was on the very first day in office. Dr. PCR says, “The economy is already wrecked, and so Biden is going to wreck a wrecked economy.”
The biggest problem Dr. PCR sees is not the federal debt. Dr. PCR says, “The federal debt is not the problem, the real problem is the private debt. The debt burden of the population has gone up over the last 25 years, and this is the difficult problem. Income now is completely utilized in debt service. This is what is meant by debt deflation. Since the consumer is utilizing their money in debt service, there is no money for discretionary spending. Therefore, there is nothing to support the rest of the economy. Then, the lockdowns come, and they further restrict the income flow to the people who are already drowning in debt. The debt needs to be written off, but that is hard to do. So, when people talk about a collapse, this will be the cause of the collapse. We will have a debt deflation collapse and not hyperinflation.”
Join Greg Hunter as he goes One-on-One with
award winning journalist Dr. Paul Craig Roberts.
Musical Interlude: 2002, “Sea of Dreams”
2002, “Sea of Dreams”
A beautiful playlist follows... savor it.
"A Look to the Heavens"
"No, hamburgers are not this big. What is pictured is a sharp telescopic view of a magnificent edge-on spiral galaxy NGC 3628, a puffy galactic disk divided by dark dust lanes. Of course, this deep galactic portrait puts some astronomers in mind of its popular moniker, The Hamburger Galaxy.
The tantalizing island universe is about 100,000 light-years across and 35 million light-years away in the northern springtime constellation Leo. NGC 3628 shares its neighborhood in the local Universe with two other large spirals M65 and M66 in a grouping otherwise known as the Leo Triplet. Gravitational interactions with its cosmic neighbors are likely responsible for the extended flare and warp of this spiral's disk.”
"Not Such An Easy Business..."
“Over the years you get to see what a struggle life is for most people, how tough it is, how easy it is to be judgmental and criticize and stand outside of situations and impart your wisdom and judgment. But over the decades I've got more tolerant of people's flaws and mistakes. Everybody makes a lot of them. When you're younger you feel: "Hey, this person is evil" or "This person is a jerk" or stupid or "What's wrong with them?" Then you go through life and you think: "Well, it's not so easy." There's a lot of mystery and suffering and complication. Everybody's out there trying to do the best they can. And it's not such an easy business.”
- Woody Allen
Chet Raymo, "Know Thyself"
"Know Thyself"
by Chet Raymo
"The ancient Greek aphorism, attributed to Socrates and others. Good advice, I'm sure. If only we knew what it means. Is it the same as the "examination of conscience" we were asked to perform as young Catholics? "Bless me, Father, for I have sinned." Well, yes, it is good to ask ourselves if we have lived up to our highest moral aspirations. But surely "Know thyself" means more than that.
Does it mean to be aware of our self-awareness? That is to say, not to act impulsively, but reflectively. Thoreau's "I went to the woods because I wished to live deliberately, to front only the essential facts of life, and see if I could not learn what it had to teach, and not, when I came to die, discover that I had not lived."
Or perhaps it means to apply the method of scientia to the problem of consciousness, treat the mind like a fish that can be dissected at the lab bench, watch the brain flickering on the display of a scanning machine as the subject is stimulated with love, sex, fear, music, pain. Neuroscience. Daniel Dennet's book audaciously titled "Consciousness Explained." There is a line from a poem by Jane Hirshfield, in which she questions herself: "A knife cannot cut itself open/ yet you ask me both to be you and to know you."
Is it hopeless then? Is there an essential absurdity in a thing knowing itself? Does knowing necessarily imply a knower more complex than the thing known? Is it possible that we might fully understand, say, the neurology of the sea slug Aplysia, that favorite subject of experimental neurobiologists with only 20,000 central nerve cells, big nerve cells, ten times bigger than human neurons, but not the workings of the human brain, with its 100 billion nerve cells, each one connected to thousands of others?
Hirshfield's poem is titled "Instant Glimpsable Only For An Instant." Perhaps that is the best we can do. To know ourselves in those fleeting moments of recognition than come now and then, often unbidden, sometimes as the result of a chance encounter with beauty or with ugliness, sometimes bidden out of the silence and solitude of meditation - a flash upon one's inward eye that is, perhaps, all the ancients were asking for when they asked us to "know ourselves."
Does it mean to be aware of our self-awareness? That is to say, not to act impulsively, but reflectively. Thoreau's "I went to the woods because I wished to live deliberately, to front only the essential facts of life, and see if I could not learn what it had to teach, and not, when I came to die, discover that I had not lived."
Or perhaps it means to apply the method of scientia to the problem of consciousness, treat the mind like a fish that can be dissected at the lab bench, watch the brain flickering on the display of a scanning machine as the subject is stimulated with love, sex, fear, music, pain. Neuroscience. Daniel Dennet's book audaciously titled "Consciousness Explained." There is a line from a poem by Jane Hirshfield, in which she questions herself: "A knife cannot cut itself open/ yet you ask me both to be you and to know you."
Is it hopeless then? Is there an essential absurdity in a thing knowing itself? Does knowing necessarily imply a knower more complex than the thing known? Is it possible that we might fully understand, say, the neurology of the sea slug Aplysia, that favorite subject of experimental neurobiologists with only 20,000 central nerve cells, big nerve cells, ten times bigger than human neurons, but not the workings of the human brain, with its 100 billion nerve cells, each one connected to thousands of others?
Hirshfield's poem is titled "Instant Glimpsable Only For An Instant." Perhaps that is the best we can do. To know ourselves in those fleeting moments of recognition than come now and then, often unbidden, sometimes as the result of a chance encounter with beauty or with ugliness, sometimes bidden out of the silence and solitude of meditation - a flash upon one's inward eye that is, perhaps, all the ancients were asking for when they asked us to "know ourselves."
○
"Instant Glimpsable Only For An Instant"
"Moment. Moment. Moment.
- equal inside you, moment,
the velocitous mountains and cities rising and falling,
songs of children, iridescence even of beetles.
It is not you the locust can strip of all leaf.
Untouchable green at the center,
the wolf too lopes past you and through you as he eats.
Insult to mourn you, you who mourn no one, unable.
Without transformation,
yours the role of the chorus, to whom nothing happens.
The living step forward: choosing to enter, to lose.
I, who am made of you only,
speak these words against your unmasterable instruction -
A knife cannot cut itself open,
yet you ask me both to be you and to know you."
~ Jane Hirshfield
"I'd Still Swim..."
“If I were dropped out of a plane into the ocean and told the nearest land was
a thousand miles away, I'd still swim. And I’d despise the one who gave up.”
- Abraham Maslow
"Build Back Bitter"
"Build Back Bitter"
by Simon Black
"It’s over everyone, you can sleep easy again - the party of peace, tolerance, and reconciliation is back in power. Amen. And Awomen. They claim they want to heal and unify the nation. But clearly the only way to do so is to create enemies lists and silence anyone with dissenting opinions.
For example, Rep. Alexandria Ocasio-Cortez asked, “Is anyone archiving these Trump sycophants for when they try to downplay or deny their complicity in the future?”
Robert Reich, Labor Secretary under Clinton, and adviser to Obama, Tweeted, “When this nightmare is over, we need a Truth and Reconciliation Commission [to] name every official, politician, executive and media mogul whose greed and cowardice enabled this catastrophe.”
Chris Hayes, an MSNBC host agreed saying, “The most humane and reasonable way to deal with all these people, if we survive this, is some kind of truth and reconciliation commission.”
And Dick Costolo, the former CEO of Twitter, said, “Me-first capitalists… are going to be the first people lined up against the wall and shot in the revolution. I’ll happily provide video commentary.”
Clearly social media companies like Twitter are a big part of the efforts to unify the nation. Twitter deleted 70,000 accounts using the trespassing of the Capitol as an excuse. Amazon Web Services removed the alternative social media site Parler from its servers, while Apple and Google deleted Parler from their app stores.
Facebook and Reddit joined the purge, feverishly removing content that they don’t want their users to see. Stripe, PayPal, and Visa announced they would stop processing payments to certain politicians and non-profits guilty of thought crimes.
Yesterday I read in the completely fair and objective media that simply acknowleding this tech purge makes one a conspiracy theorist. Axios news wrote a segment titled, Right wing’s new conspiracy: “The silencing”. They went on to say that only crazy conspiracy theorists believe that there are efforts to silence conservative voices. In other words, if you believe what you can see with your own eyes, you’re a conspiracy theorist.
Most recently, for example, Harvard has purged Congresswoman Elise Stefanik from its advisory board. Stefanik’s crime? She publicly questioned voting irregularities in the 2020 election. Now, some people may think that she’s a terrible person because of her beliefs. And in fairness it’s Harvard’s right to choose whoever they want for their board. But now there’s a petition from the woke Harvard mob to revoke her degree, effectively erasing her existence from the institution. They want to cancel her. Yet even merely acknowledging that this is happening now makes you a conspiracy theorist according to the media.
The left’s cries of “de-fund the police” have turned to “fund the secret police,” as lawmakers reintroduce “domestic terror” bills to create new units under the Department of Homeland Security to monitor American “extremism”. But the #assassinatetrump and #killtrump hashtags that Twitter has allowed since 2016 - that’s totally fine free speech!
During the summer BLM/Antifa riots, looting Target stores and burning down police stations were acts of courage. They even literally declared an independent autonomous zone and took over government buildings. Yet no one in the media ever used the words insurrection, sedition, or treason. AOC praised these mostly peaceful protests and said the entire point of them is “to make people feel uncomfortable.” But if you feel the slightest bit uncomfortable that 25,000 troops are in the nation’s capital, along with tanks and attack helicopters, then you’re a (you guessed it!) conspiracy theorist.
Remember, though, ignorance is strength, so we should probably just obey the experts. Trust in Social Security to provide retirement. Trust the Federal Reserve to improve the economy. Trust the media to tell the truth. Trust that the tech companies will continue to allow your free speech."
"Homeless In Germany Offered Futuristic 'Coffin-Like' Pods To Sleep In"
"Homeless In Germany Offered Futuristic
'Coffin-Like' Pods To Sleep In"
by Tyler Durden
"The German city of Ulm has unveiled futuristic insulated sleep pods for the homeless on cold winter nights. Two of these "Ulm nests" were positioned in Ulm, 75 miles west of Munich, earlier this month. The pods give homeless people an emergency place to sleep as colder weather has blanketed much of Germany. These small shelters are positioned in parks and other strategic areas. Each pod can accommodate two occupants and is made of wood, steel, and plastics. Thermal insulation surrounds the pod's interior while fresh air circulates, allowing occupants to survive cold winter nights.
From the initiative's official Facebook page, they said Ulm nests "are equipped with solar panels, which allows (at least) energy neutral use during the day."
The initiative said each Ulm nest is connected to their internet of things network that alerts the Caritas Ulm-Alb-Donau charity association or Ulmer Nest about overnight stays. The next day, charity members will direct occupants to the city's homeless service, ensuring they will have the care to get them off the streets.
We suspect the popularity of Ulm nest could increase over the coming quarters as the global economy stumbles amid severe virus-related impacts. As BofA's Michael Hartnett points out, the bursting of the bubble remains the most significant bull risk, the "decade-long backdrop of maximum liquidity and technological disruption has caused maximum inequality and massive social and electoral polarization…value of US financial assets (Wall Street) now 6X size of GDP."
This means that more and more people across the Western world are becoming homeless as central banks have no other choice but to inflate assets to the moon to save what is left of the badly bruised economy. In Europe and the US, the deep economic scarring has resulted in millions of jobs permanently lost and the middle class left in ruins.
While these emergency pods could become popular among the homeless, there's a possibility that down the line, those who can no longer afford tiny homes will find coffin-like pods a cheap alternative."
"Rough Ridin’ with Biden"
"Rough Ridin’ with Biden"
by Jim Kunstler
"Speaking of the inauguration, I don’t know what was more peculiar: Lady Gaga sweeping out onto the capitol dais in Hunger Games drag - and I mean but exactly, down to the golden mockingjay pinned above her left breast - or Garth Brooks post-hymn dash to the exit as though he just heard the repo man was coming for his Gulfstream jet parked across the Potomac at Reagan National Airport.
The immense field of ranked American flags deployed silently down the mall in place of annoying US citizens lent a funereal vibe to the proceedings (as in the death of your country), while the thousands of massed national guard troops signaled the paranoia crackling under the surface as Ol’ White Joe Biden stepped forward to commence his party’s punishments against the unWoke (disguised as a call for “unity”). He was surrounded by a virtual wax museum of Deep Staters salivating for the upcoming blood-feast: The Obamas, Hillary and Bill (nodding off), Nancy, Chuck, Mitch… but just who was the Asian chap sitting behind the man-of-the-hour? Secret Service? Or his new minder (courtesy of Uncle Xi)?
As for Mr. Trump, he departed as he had arrived in 2016: stridently contemptuous toward the parasitical oligarchy that finally expelled him like a bladder-stone. The threatened impeachment trial will be a marvel of casuistry - a procedure for removing someone from office who is no longer in office - and also for the transparently flimsy charge of “inciting the insurrection” at the capitol. As if to underscore the absurdity of that, Antifa squads rioted in Portland and Seattle on inauguration night. Their banners expressed less-than-jubilant sentiment for the new regime. The Portland outfit broke windows and spray-painted the city’s Democratic headquarters, faking-out pols who had warned against an uprising of “white supremacists.” Of course, all those arrested would be promptly released without charges - demonstrating just how serious the Wokester officials running those cities really are about criminal anarchy. The grannies swept into the capitol rotunda by Antifa incursionists January 6th won’t be so lucky.
Neither did a much chattered-about military takeover happen during the tension-filled transition hours, though kibitzers on the web insist days later that it remains secretly underway. On his way out, Mr. Trump failed to pardon either Julian Assange or Edward Snowden, a disturbing failure, while he commuted the sentences of a couple of two-bit rap-stars, based on their contributions to advancing human dignity. And whatever Mr. Trump finally rooted out in the way of declassified FBI documents has already disappeared into the DC quicksand.
Much adored as he is for valiantly opposing everything swampish, it might be best now for Mr. Trump to just retire from the political scene and leave the battle to others. He made his point, colorfully and often bravely, considering the astounding bad faith of his adversaries, though he certainly could have articulated the stakes better and with more decorum. He leaves not merely a vacuum but a sucking chest wound of leadership opposing hysterical and tyrannical Wokery. Who will step forward in his absence? Probably someone we haven’t heard from yet. That’s how these things work.
The narrative instructs us that the election is resolved - so shut up about it already. But the election is not resolved. Enterprising gumshoes will be sifting through the evidence, interviewing witnesses, and combing through the thickets of fraud for a long time to come. Crime will be outed, if not prosecuted. Mr. Biden moves under a cloud of illegitimacy. Beyond the lingering election dispute lies all that evidence about the Biden family’s money-grubbing operations in foreign lands, clear down to the money-laundering records. Think that won’t bite eventually?
Nothing else is resolved about the national drift toward the Niagara of woe just downstream of here. Mr. Biden couldn’t have asked for trouble more loudly on Day One than by shutting down deportations of foreign nationals here illegally and signaling an open borders policy. The legions of newly unemployed and financially ruined US small business owners and workers may take a dim view of that. Rent and mortgage moratoria are extended as far ahead as June, as if landlords and mortgage-lenders don’t need to be paid to keep the banking system running. The new president has promised further, and even more severe, Covid-19 lockdowns. The Democratic Party apparently wants to utterly destroy what’s left of the real on-the-ground economy. No incoming US president has gotten off to a more feckless and ill-fated start."
"There Is Always The Hope..."
“What happens to people living in a society where everyone in power is lying, stealing, cheating and killing, and in our hearts we all know this, but the consequences of facing all these lies are so monstrous, we keep on hoping that maybe the corporate government administration and media are on the level with us this time. Americans remind me of survivors of domestic abuse. This is always the hope that this is the very, very, very last time one’s ribs get re-broken again.”
- Inga Muscio
"Surely, You Did Something..."
“It’s 3:23 A.M.
And I’m awake because my great great grandchildren won’t let me sleep.
They ask me in dreams,
‘What did you do while the planet was plundered?
What did you do when the earth was unraveling?
Surely you did something when the seasons started flailing?
As the mammals, reptiles and birds were all dying?
Did you fill the streets with protest?
When democracy was stolen, what did you do once you knew?
Surely, you did something…’”
- Drew Dellinger
"We Are Suffering Through The Most Painful Economic Collapse Since The Great Depression Of The 1930s"
"We Are Suffering Through The Most Painful
Economic Collapse Since The Great Depression Of The 1930s"
by Epic Economist
"We cannot say that we haven't been warned that an economic collapse was coming, and now that it has arrived it's even worse than one could have imagined. From the burst of the sanitary outbreak last March up until now, over half of the American population has suffered acute financial setbacks, and roughly 12 million U.S. renters are at least $5,850 behind in rent and utilities payments, according to the latest projections. A recent study has signaled that up to 40 million people could face eviction as soon as moratoriums and the forbearance period finally ends, which puts the world's most powerful country on the verge of a homelessness crisis.
Over 70 million claims for unemployment benefits have been filed so far, and numbers keep climbing as hundreds of thousands of businesses are closing their doors for good. Our economy is undergoing damages only comparable in size and extent to what was witnessed during the Great Depression of the 1930s and, unfortunately, there's no end in sight to the nightmare we're living in right now. That's what we discuss in this video
The latest data show that another 900,000 Americans filed new unemployment claims last week, a clear indication of the challenges ahead for the labor market. Before 2020 had started and the whole idea of an economic collapse was still just a possibility, the all-time record for new weekly unemployment claims was only 695,000, registered during the Early 1980s Recession. At this stage of the crisis, the number of new claims for jobless benefits has been surpassing 695,000 for almost 44 weeks in a row. That is to say, we're nearing a full-year of record-breaking unemployment rates, and the most worrying thing is that this is just the start.
Low-wage workers have been particularly hard hit by the crisis, many of them used to be employed in the hospitality industry, whose segments were severely affected by the many rounds of restrictions. The restaurant industry, for its part, is facing the worst meltdown it has ever endured. According to an OpenTable study, the number of “seated diners,” a daily measure that tracks walk-ins and diners with reservations, was down on average by 57% all across the U.S. just this week compared to the same period last year.
Likewise, according to STR, Inc, a hotel industry market data firm, 2020 was unquestionably the worst year on record for hotels as industrywide profits were down to zero, as a consequence of government-mandated social distancing measures that kept travelers at home. The STR report revealed that the industry has now one billion unsold room nights for the first time, exceeding the record of 786 million in 2009.
It's not possible to accurately foresee a timeline of when corporate travelers will start booking hotel rooms again, especially with the popularization of work-at-home arrangements and Zoom meetings, which could imply that there will be a permanent decline in traveling, possibly resulting in an unprecedented wave of hotel foreclosures. Numerous small business owners are also at the brink of seeing their business hit rock bottom, as the ramifications of the forced shutdowns have been absolutely devastating their prospects of a recovery.
What our businesses desperately need is to resume the pace of economic activity, but instead, it seems that we're trapped in a never-ending stimulus path that doesn't effectively support owners, workers nor the economy. In fact, the new administration has already launched some questionable plans that will likely impair small truckers. Trucking industry experts have been debating over new laws on transportation that are about to be passed under the new presidency, which could seriously endanger many small American trucking companies.
Ultimately, the results of this law will enable big corporations to seize even more of the trucking market share. It's important to keep in mind that truck drivers' work is essential to keep providing food and material necessities to the nation. But these workers have been feeling disrespected and ignored by the political elite, which could trigger another halt on transportation just as we've seen in November. Consequently, that could potentially lead to another supply chain disruption, and send prices of several goods remarkably up.
Apparently, it is going to be another dark year in U.S. history. The American dream has turned into an economic nightmare and it seems that every day it passes, we're only waiting to see what the next trigger event will be. So many people are suffering at this point, it is just gut-wrenching to watch our great nation's continual decay. Millions of citizens and hundreds of thousands of businesses keep hanging by a thread, and all we can do at this point is hoping for it not to break."
Friday, January 22, 2021
MUST Watch! “Your Wealth Is Being Stolen While You Play Video Games; Minimum Wage Danger; Real Estate Melt-up”
Jeremiah Babe,
“Your Wealth Is Being Stolen While You Play Video Games;
Minimum Wage Danger; Real Estate Melt-up”
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