Dewey Fernfield
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.
There is no possible way that the government can salvage what has been done. The devastation has gone too far. The idea that adding more debt on top of this madness as a resolution is absurd on so many levels. But of course, they’ll do it anyway. Pump it up today and worry about it tomorrow. That’s always the mantra. Instead of fixing the underlying economic issues, we’ll just push it further into the central bankers[‘] hands.
(8) Senator Rand Paul on Twitter:
“Deficit busting bill will be 5,593 pages!
If 250 words per page, then that’s 1,398,250 words
If Congresspeople read at the American average of 300 words/min (a big assumption)
then a Congressperson might read this in 4,660 minutes or 77.68 hours!
(if no rest breaks)” / Twitter
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Deficit busting bill will be 5,593 pages!If 250 words per page, then that’s 1,398,250 wordsIf Congresspeople read at the American average of 300 words/min (a big assumption)then a Congressperson might read this in 4,660 minutes or 77.68 hours!(if no rest breaks)
(8) Kyle Griffin on Twitter:
“6 Republican against voted against the relief bill:
Marsha Blackburn
Rick Scott
Ron Johnson
Mike Lee
Rand Paul
Ted Cruz” / Twitter
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6 Republican against voted against the relief bill:Marsha BlackburnRick ScottRon JohnsonMike LeeRand PaulTed Cruz
Tucked into Congress’ massive stimulus bill: tens of billions in special interest tax giveaways
Tucked into Congress’ massive stimulus bill: tens of billions in special interest tax giveaways
WASHINGTON – Congress on Monday unveiled a 5,593-page spending bill and then voted on it several hours later, with lawmakers claiming urgent action was needed to rescue an ailing economy ravaged by the coronavirus pandemic. But tucked in the bill was over $110 billion in tax breaks that strayed far from the way the bill was marketed to many Americans.
Stimulus for Everybody! (Just Not You) | SchiffGold
Stimulus for Everybody! (Just Not You) | SchiffGold
The US government is stimulating everybody. Just not you. Congress finally pulled together a stimulus deal. Both houses of Congress passed the $900 billion measure. It ranks as the second-largest “stimulus” bill in history, only behind the CARES Act passed earlier this year.
U.S. trade deficits continue to grow despite Trump’s efforts – Axios
https://www.axios.com/us-trade-deficits-continue-to-grow-ba953cd0-457f-48ef-84f3-f4f996353da0.html
Half of Americans call 2020 a ‘personal financial disaster,’ plan to change priorities in 2021 – Study Finds
Half of Americans call 2020 a ‘personal financial disaster,’ plan to change priorities in 2021 – Study Finds
New survey shows that ‘rebuilding savings’ tops the list of New Year’s resolutions for three in five Americans. A stunning 62% of respondents expect to take on a second job in 2021 to help stay afloat Three in 10 currently don’t have the means to cover a $400 financial setback NEW YORK – While there is no question 2020 has been an unparalleled health challenge, many are not losing sight of how devastating the year was for their wallets as well.
Goldman Sachs is close to offering wealth management for the masses
Goldman Sachs, once reserved for the rich, is close to offering wealth management for the masses
Goldman Sachs has for decades set its sights on the global elite when it comes to wealth management. Now, it’s opening up to everyone else. The bank has begun internal testing of a new automated investment service ahead of a broader rollout early next year, according to an email obtained exclusively by CNBC.
The divide between Tesla’s sky-high value and reality mirrors the broader economy – Axios
The divide between Tesla’s sky-high value and reality mirrors the economy
Tesla is now more valuable than the combination of the world’s top seven traditional auto makers, despite only delivering half a million cars this year. Why it matters: Anyone searching for evidence that the stock market and the real economy are not the same thing, should look no further.
bond yield distribution 1.jpg (725×465)
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Videogames are a bigger industry than sports and movies combined, thanks to the pandemic – MarketWatch
Videogames are a bigger industry than movies and North American sports combined, thanks to the pandemic
A previous version of this report stated that PwC expected the global sports industry to be worth $75 billion in 2020. That figure was for North America. The story has been updated. Videogames have grown to resemble competition-based, interactive movies, and the COVID-19 pandemic has propelled the industry to make more money than movies and North American sports combined.
NFL Star Befriended by Buffett Invests in ‘Micro-Gyms’ Concept – Bloomberg
The economy is dealing with a different issue than the stock market. Stocks in general have been doing very well. Especially tech stocks. Many people are looking for the best tech stocks, technology stocks in 2020. There is considerable investment into risk assets.
— APPENDICES —
— The Money GPS: Commit. Don’t wait. Commit now. (Instagram Dec 23, 2020)
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— The Money GPS: Never lose money (Instagram Dec 16, 2020)
- The Money GPS: If You’re Dealing With Unemployment, Wage Cuts, or Crisis THIS Is What You Must Do
- The Money GPS: Who Controls the World? These Organizations, Institutions, and Families Run the Show
- The Money GPS: Rothschild and Rockefeller Team Up With the Vatican! Follow the Money…
- The Money GPS: The Broken Economy Leaving Millions Without A Job! Economic Crisis or Opportunity?
- The Money GPS: BIS Central Banker Admits EPIC Level Crisis Is the Most Likely Result of Global Mass QE
— 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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What if the stimulus included more money for people. Is $1200 enough? $2000? Is this going to solve any deep rooted problems? What about the disgraceful 5600 pages filled with billions that have nothing to do with where people actually need help? #StimulusChecks #StimulusBill
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BREXIT DEAL DONE?! For real this time? Could it really be? Seems like so long ago the word Brexit first popped up in the media, doesn’t it? #brexit #bojo #eu #Brexit #brexitdeal pic.twitter.com/kMM0u6gPjC
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Merry Christmas and happy holidays to all my friends around the world! I am posting a video tomorrow about commitment, about pushing through hard times, about making the best of your situation. Hopefully helpful to many out there. Take care everyone, to you and your families $GPS
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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
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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
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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 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.
What Is The Money GPS? The Money GPS is a news aggregation source. It compiles data from government documents, white papers, mainstream news articles, financial reports, supranational entity reports, financial charts, and any other relevant information. The information is collected, dots are connected, and compiled into videos which tend to be around 10 minutes in length. Subjects include anything from central banks, debt, stock market analysis, and information which is specifically ALTERNATIVE to what the majority of people believe. If you are looking for stock tips or help with building your portfolio, this channel is not for you. If you… Read more »
“Do you think that it’s ok for special interest groups to get tax dollars if you agree with the groups getting the money?”
#TheMoneyGPS
The Corbett Report: Your Guide to the Great Reset
Hardly a shock. It’s the way we do business in America.
Yup…the RF gets more “bang” for the “buck”:
“Here’s How Russia Built the apocalypse Submarine – the one it’s enemy fears so much”
And the Germans are always hopeful:
“U32 – German Submarine Soldiers | Full Documentary”
According to Rand Paul’s 2020 Festivus report, US State paid some large amount to “stage theatrical plays in Mumbai” … wtf? Another State measure was to spend nearly $9Bn in Afghanistan in 2020 to “discourage the use of narcotics”. Well, perhaps that’s better than the usual US State Dept modus operandi of promoting death & destruction wheresoever and whensoever it pleases, to the tune of trillions…