in ,

Billions in Unpaid Rent To Create Massive DOMINO EFFECT Unravelling Into Financial Crisis

CRISIS OF UNPAID RENT

source / The Money GPS

Delaying the inevitable is an issue, there’s no doubt. What really could be done instead, is what they will ask? How can this be resolved? How much debt can be added on top of a debt problem to fix it? Can the Fed save us again? Rent and mortgages being delayed to save those who can’t afford it. Landlords might be taken out if they’re not getting any breathing room on their end. The lenders aren’t getting their revenue. The domino effect in full force. Something has to break. The question is, what will it be?

 

New York City Renters Owe More Than $1 Billion in Unpaid Rent, Survey Finds – WSJ

WSJ News Exclusive | New York City Renters Owe More Than $1 Billion in Unpaid Rent, Survey Finds

New York City apartment tenants are more than $1 billion in debt from missed rent payments during the coronavirus pandemic, according to a new survey measuring the depth of the rent crisis brought on by Covid-19.

Biden’s stimulus plan includes $1,400 checks, enhanced unemployment

$1,400 checks, enhanced unemployment: Here’s what’s included in Biden’s stimulus plan

When President-elect Joe Biden takes office next week, he plans to ramp up federal spending on several fronts, including financial aid for struggling families, as well as vaccine production and distribution, according to the emergency coronavirus relief plan, called the American Rescue Plan, he released Thursday.

Jobless claims surge to highest weekly total since August

Jobless claims surge to highest weekly total since August

First-time claims for unemployment insurance jumped to 965,000 last week amid signs of a slowdown in hiring due to pandemic restrictions, the Labor Department reported Thursday. The total was worse than Wall Street estimates of 800,000 and above the previous week’s total of 784,000.

Reinhart Frets World Faces Financial Crisis if Pandemic Lingers – Bloomberg

https://www.bloomberg.com/news/articles/2021-01-13/reinhart-frets-world-faces-financial-crisis-if-pandemic-lingers

Federal Spending Sets Record Through December | CNSNews

Federal Spending Sets Record Through December

(Photo by Mark Wilson/Getty Images) (CNSNews.com) – The federal government spent a record $1,376,269,000,000 in the first three months of the fiscal year (October through December), according to the Monthly Treasury Statement released today.

spendch2.jpg (700×480)

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World Bank Chief Economist warning of persisting issues inevitably bringing a full blown Financial Crisis… Many individuals are buying stocks, more real estate, and all other assets. At the same time we are seeing countless who are behind on rent payments. Money, debt, cash, all being an issue today. Not enough money while debt is adding up. Student debt is at record levels. Credit card debt increases. Many can’t pay their rent right now.


— APPENDICES —

— The Money GPS: BITCOIN HITS $40,000 (Instagram Jan 7, 2021)

— The Money GPS: To get where you want to be, you have to know where you are now. (Instagram Jan 4, 2021)

— The Money GPS: Aim Higher (Instagram Dec 17, 2020)

— The Money GPS: Never lose money (Instagram Dec 16, 2020)

— The Money GPS: Master one thing before moving on. Know where you are in the cycle. (Instagram Dec 15, 2020)

— The Money GPS: Be a better investor | How to be a better investor. Window shop! (Instagram Dec 12, 2020)


— FOOTNOTES —

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Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick.

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We live in a fantasy land. More money flowing in than ever before, IPO frenzy, housing skyrocketing. Euphoria never end well. The higher it goes the worse it will be. Slow and steady growth is much safer. #money #investments #debt

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IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta


PLAYLISTS

The Amazon GPS – Mini YouTube eCourse

The Money GPS – How To and Solutions

The Money GPS Easy eCourse

How To Fix the Economy

How To Fix the Economy – Introduction
How To Fix the Economy – Bailouts
How To Fix the Economy – Food
How To Fix the Economy – Central Bank
How To Fix the Economy – Manufacturing
How To Fix the Economy – Financial Markets
How To Fix the Economy – Media
How To Fix the Economy – Overseas Investment


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The Money GPS Financial Education 101 coming soon.100% free eCourse for you to learn from but for those who already know the content, this is perfect to share with others. I’m creating this course for people specifically to get the foundation #money #moneyGPS #financialeducation pic.twitter.com/nzqVVSSorT


HOW TO MAKE MONEY ON AMAZON – FREE eCOURSE:  http://TheAmazonGPS.com


LOOK THROUGH MY BOOKS! http://books.themoneygps.com

SUPPORT MY WORK: https://www.patreon.com/themoneygps

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Sources Used in This Video: http://bit.ly/TheMoneyGPSSources2021


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.

#money #finance #invest

 

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