The markets are skyrocketing higher. Just like the Fed and their desire to create more inflation. There is no surprise there since their mandate has been to erode the value of the US dollar since their creation. That’s not hidden. They admittedly create inflation constantly and do so with intent to erode the debt. Loan money into existence to buy things, pay it off with printed fiat dollars, and the more you do this process, they lower the value of those fiat dollars, reducing the debt load. What a completely messed up system.
SPACE ODDITY & HELICOPTER MONEY | Matterhorn – GoldSwitzerland
“Ground control to Major Tom … Your circuit is dead, there’s something wrong. Can you hear me Tom. Can you here me Tom”….Tom: “I am floating around in my tin can and there is nothing I can do.”
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Salesforce cuts about 1,000 jobs even as stock has record surge
Salesforce is cutting about 1,000 jobs, or close to 2% of its workforce, after a blowout earnings report pushed the stock up 26% to a record valuation on Wednesday. “We’re reallocating resources to position the company for continued growth,” a spokesperson confirmed in a statement to CNBC.
Before Making Loans, Some Mortgage Lenders Ask, Do You Really Plan to Pay This? – WSJ
Some mortgage lenders are asking customers taking out a mortgage to confirm they don’t intend to seek forbearance, a move meant to keep losses low during a pandemic that has put millions of Americans on shaky financial footing. The unusual requirement comes in the form of a new document included in many borrowers’ closing paperwork.
Lake Tahoe, Vail Aren’t Just for Vacation Anymore as Homebound Families Move In – WSJ
INCLINE VILLAGE, Nev.-The “aha moment” for Brett Rossmann came when he realized that with everyone at his digital marketing company working from home because of coronavirus, he could just as easily be living in the mountains rather than crowded Los Angeles.
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The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.The markets are continuously going up and this hasn’t stopped here in 2020. Stocks are going higher whether that’s tech stocks or others. Money has been flowing in. Cash is losing value over time as the currency is being printed up.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.