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Millions Run Out of Cash as Stimulus Cutoff Approaches! December Rent Not Paid!

MILLIONS CAN’T PAY THEIR BILLS

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source / The Money GPS

There has been so much money flowing in from the central banks that you can see the speculation right in front of you, it’s everywhere. This is the most risk-taking ever in history but unlike in previous bubbles, there’s so much denial from basically everyone it’s unheard of, but that’s besides the point. The real issue here is that we have so much fiat floating around and yet the economy is actually in such a horrible position globally, that disparity should be looked at more closely.

 

Fed decision December 2020: Buying bonds until economy hits full employment

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Federal Reserve Board – Federal Reserve issues FOMC statement

Federal Reserve issues FOMC statement

The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employmen

Assets: Total Assets: Total Assets (Less Eliminations from Consolidation): Wednesday Level (WALCL) | FRED | St. Louis Fed

Assets: Total Assets: Total Assets (Less Eliminations from Consolidation): Wednesday Level

View the total value of the assets of all Federal Reserve Banks as reported in the weekly balance sheet.

Expected Growth Rate to Return to Normal | Real Investment Advice

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Nearly 8 million Americans have fallen into poverty since the summer – The Washington Post

Nearly 8 million Americans have fallen into poverty since the summer

America’s poverty rate has risen at the fastest pace ever this year after aid for the unemployed declined.

Americans Run Down Checking Accounts as Aid Cutoff Approaches

Americans Run Down Checking Accounts as Aid Cutoff Approaches

(Bloomberg) — Americans’ cash cushions have been declining for months, most acutely among low-income households, underscoring the already-precarious financial situation of the millions of people who may soon lose their jobless benefits.

Cash Buffers Falling | Year-over-year dollar change of median household checking account balances

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Alignable: 49% Of Minority SMBs Can’t Afford December Rent – Alignable

48% of Minority Small Business Owners Can’t Cover December Rent

The Alignable Rent Poll showed that 48% of minority-owned small businesses were not able to cover their full rent on time in December. That’s up 4% from Nov.


While stocks have seen such a great flow of capital into them the economy is in a different place in 2020. We are seeing the accumulation of debt right now and it is increasing. There is more and more currency flowing into markets of all kinds. More speculation on which tech stocks are best in 2021.


— APPENDICES —

— The Money GPS: Commit. Don’t wait. Commit now. (Instagram Dec 23, 2020)

— 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 —

The Money GPS on Twitter: “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. / Twitter”

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.

The Money GPS on Twitter: “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 / Twitter”

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

The Money GPS on Twitter: “INTERESTING CONCEPT. One business falls, another may to pop up. Those who get the trend but don’t overextend may position for future. Not just gyms but think of how may new businesses are out there today that were not in existence or just in infancy last year. Big changes fast. pic.twitter.com/mHSWgM4k1w / Twitter”

INTERESTING CONCEPT. One business falls, another may to pop up. Those who get the trend but don’t overextend may position for future. Not just gyms but think of how may new businesses are out there today that were not in existence or just in infancy last year. Big changes fast.

The Money GPS on Twitter: “IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta / Twitter”

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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Sources Used in This Video: http://bit.ly/TheMoneyGPSSources2020


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.

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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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BobValdez
BobValdez
December 25, 2020

What do I think? Well, I personally think that if you pour your hard earned into stocks, thinking you will get rich, get ready for the shock of your life. Once they suck you into investing everything and the market can not sustain itself, the crash will wipe away your money, straight into the pockets of those who really control wall street. Your only choice after that is starve or suicide.

Hooverville Redux
Hooverville Redux
December 26, 2020

The mayors of all the big cities need to set up tent cities in all the major city parks. Maybe the Chinese will donate the tents if they ask nicely.

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