in ,

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

MILLIONS CAN’T PAY THEIR BILLS

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

Fed commits to keep buying bonds until the economy gets back to full employment

The Federal Reserve on Wednesday made a key adjustment to its efforts to support the economy, while upgrading its outlook for growth. As expected, the Fed held benchmark interest rates near zero following the conclusion of its two-day meeting.

Federal Reserve Board – Federal Reserve issues FOMC statement

Federal Reserve issues FOMC statement

December 16, 2020 For release at 2:00 p.m. EST 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 employment and price stability goals. The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world.

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

Source: Board of Governors of the Federal Reserve System (US) Release: H.4.1 Factors Affecting Reserve Balances Units: Frequency: Suggested Citation: Board of Governors of the Federal Reserve System (US), Assets: Total Assets: Total Assets (Less Eliminations from Consolidation): Wednesday Level [WALCL], retrieved from FRED, Federal Reserve Bank of St.

Expected Growth Rate to Return to Normal | Real Investment Advice

No Title

No Description

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

The U.S. poverty rate has surged over the past five months, with 7.8 million Americans falling into poverty, the latest indication of how deeply many are struggling after government aid dwindled. The poverty rate jumped to 11.7 percent in November, up 2.4 percentage points since June, according to new data released Wednesday by researchers at the University of Chicago and the University of Notre Dame.

Americans Run Down Checking Accounts as Aid Cutoff Approaches

Americans Run Down Checking Accounts as Aid Cutoff Approaches

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

No Title

No Description

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

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

DATA INSIGHTS | TREND TRACKER | Based on the latest Alignable Rent Poll, the ability of small businesses to pay their full rent in December continues to decline, as more COVID-related shutdowns occur. Overall, 35% of small business owners reported that they couldn’t make rent this month (up 3% from 32% in November).


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 —

No Title

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.

No Title

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

No Title

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.

No Title

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


No Title

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

PAYPAL: https://goo.gl/L6VQg9

OTHER: http://themoneygps.com/donate


AUDIOBOOK: http://themoneygps.com/store

T-SHIRTS: http://merch.themoneygps.com

MY FAVORITE BOOKS: http://themoneygps.com/books


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.

#money #finance #invest

 

Twitter          Instagram          Facebook


# T h e  M o n e y  G P S

Help us grow. Support The Duran on Patreon!

Report

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.

What do you think?

Avatar
Subscribe
Notify of
guest
6 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
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.

Populism on Display – a second look at Trump’s Coronabus rebuke [Video]

Ghislaine Maxwell’s TERRAMAR PROJECT | Elite Human Trafficking [Vol. 1] — Mouthy Buddha