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Is THIS the End of the Financial System? THESE Are the Stages of Collapse.

WILL THE FED SAVE YOU?

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

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We have entered a new territory. The financial system is rotten to the core. It cannot be salvaged. Governments and empires have always done this. They debase the coinage. They devalue the currency. They ruin your savings. Those who own real assets, and have generational wealth, are able to persist and thrive. The majority will suffer. There is no restoration of previous systems, despite what you’ve been told. There is only a small group of people controlling the public and they will always continue to dominate.

 

U.S. planned job cuts increase in September: report | Reuters

https://www.reuters.com/article/usa-economy-unemployment/u-s-planned-job-cuts-increase-in-september-report-idUSL1N2GR1LG

Does Jobs Report Even Matter Anymore?

Does Jobs Report Even Matter Anymore?

(Bloomberg Opinion) — The U.S. employment report that is usually released on the first Friday of every month has traditionally been viewed as the most important piece of economic data. No longer.

 

Half of Americans over 55 may retire poor – MarketWatch

https://www.marketwatch.com/story/half-of-americans-over-55-may-retire-poor-2020-10-01

Swiss city Geneva to introduce a minimum wage of over $4,000 a month

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Top Filmmakers Warn Congress That Movie Theaters Face Extinction | Hollywood Reporter

https://www.hollywoodreporter.com/news/top-filmmakers-warn-congress-that-movie-theaters-face-extinction

Macau Sees Little Sign of Recovery as Gaming Revenue Falls 90% – Bloomberg

https://www.bloomberg.com/news/articles/2020-10-01/macau-sees-little-sign-of-recovery-as-gaming-revenue-falls-90?sref=RJ2RlMrh

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Special Report: COVID-19’s Impact on Hunger in New Jersey – CFBNJ

Special Report: COVID-19’s Impact on Hunger in New Jersey – CFBNJ

On September 30, the Community FoodBank of New Jersey (CFBNJ) released a special report about the impact of COVID-19 on hunger in New Jersey. The report, titled “COVID-19’s Impact on Food Insecurity in New Jersey,” uses statistical projections from Feeding America to examine anticipated increases to food insecurity across the state in 2020 and to advance recommendations for the public and nonprofit sectors to address this urgent need.

City of Los Angeles 2019-2020 Homeless Encampments | Open The Books

City of Los Angeles 2019-2020 Homeless Encampments

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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 financial system is quite different from 2019. In 2020 we have seen the VIX index relatively high compared to the stock market. The stocks are quite high as more and [m]ore debt, margin, cash flow into equities. Bonds have been seeing less interest compared to tech stocks for example.

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The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

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