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.
Social security will be cut, there’s no doubt. The fund is nearly depleted and something needs to be done. The easiest path is to phase in a cut. Less money for you. Remember those bailouts of those multinational organizations? They got the money. You didn’t. You won’t even get back what you paid in. That’s how they operate and everything you’re watching is just a show. People hate hearing it but that’s reality. So wake up.
COVID-19 damage to Social Security to extend beyond pandemic | TheHill
COVID-19 damage to Social Security to extend beyond pandemic
COVID-19’s impact on America’s older adults is set to outlast the pandemic itself as it wreaks havoc on the Social Security retirement trust fund that millions rely on for benefits. The nonpartisan Congressional Budget Office projects that in the aftermath of the pandemic, the trust fund will deplete its $2.8 trillion reserve over the next…
More than half of emergency small business funds went to larger businesses, new data show
More than half of emergency small business funds went to larger businesses, new data show
WASHINGTON – More than half of the money from the Treasury Department’s coronavirus…
California got $1.3 billion in wildfire relief. Victims have received nothing, prompting outrage
California got $1.3 billion in wildfire relief. Victims have received nothing, prompting outrage
After wildfires that ravaged Santa Rosa and Paradise, residents who lost homes have seen none of the $1.3 billion in federal funding earmarked for relief.
ADP jobs report: Company hiring hits lowest rate since summer
No Title
No Description
Thyssenkrupp slashes another 5,000 jobs to ‘stop the bleeding’
Thyssenkrupp slashes another 5,000 jobs to ‘stop the bleeding’
German conglomerate Thyssenkrupp plans to cut another 5,000 jobs to stem losses across its sprawling empire, it said on Thursday, after reporting its operations were 1.6 billion euro ($1.9 billion) in the red in the latest financial year.
Walmart to lay off more than 1,200 in omnichannel reorganization | Supply Chain Dive
Walmart to lay off more than 1,200 in omnichannel reorganization
The retailer announced in a July internal memo that layoffs were imminent. Executives said new positions in the supply chain would open as a result of an ongoing attempt to blend store and e-commerce operations.
Francesca’s to close 140 stores, warns of possible bankruptcy – MarketWatch
https://www.marketwatch.com/story/francescas-to-close-140-stores-warns-of-possible-bankruptcy-2020-11-16
Metro general manager proposes massive cuts to rail and bus service this summer | WJLA
Metro general manager proposes massive cuts to rail and bus service this summer
Facing a hole in the budget of nearly a half-billion dollars, Metro’s general manager is proposing massive budget cuts to rail and bus service that would take effect this summer. General Manager Paul Wiedefeld said in September that without more federal help, big cuts would be needed.
Ducks announce furloughs and layoffs of employees due to coronavirus – Orange County Register
Ducks announce furloughs and layoffs of employees due to coronavirus
Less than 15 percent of full-time staffers were impacted, but those furloughed maintained their medical benefits.
M.L.S. Layoffs Cut League’s Staff by 20 Percent – The New York Times
M.L.S. Layoffs Cut League’s Staff by 20 Percent (Published 2020)
A combination of layoffs and the elimination of open positions is the latest sign of the coronavirus pandemic’s punishing financial effect on sports.
Amazon’s drone delivery team hit with layoffs amid reorganization | TechCrunch
https://techcrunch.com/2020/11/19/amazons-drone-delivery-team-hit-with-layoffs-amid-reorganization/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZGFpbHlqb2JjdXRzLmNvbS8&guce_referrer_sig=AQAAAKLsk9vlaWyCcF9uLYv30NP0x5Nya3k47Q8ueeKZ_PMJqWAYyUAjm_DqxI4MqIaSCAo8CT2FaNfSqrf6dP5AuY6c7sbex4hlKOMLcjMIpBGX0GxdMOEplDn-Asio_cpWDAZVibBXXBwCAuRSyI0e_9M_jBzf1-9j5Lj4YtXiiFEy
COVID Bay Area Exodus: Rents Continue To Tumble Across Bay Area, South Bay Sees 20% Drop – CBS San Francisco
https://sanfrancisco.cbslocal.com/2020/12/02/covid-bay-area-rents-continue-to-tumble-across-bay-area-south-bay-sees-20-drop/
(29) Sven Henrich on Twitter:
“179.9% market cap vs. GDP. The widest market disconnect from the economy ever. #documentingreality https://t.co/YLCpEEYD6U” / Twitter
https://twitter.com/NorthmanTrader/status/1332701006799441922?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1332701006799441922%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fgreed-back
Switzerland: Referendum launched to give every citizen 7,500 francs – The Local
https://www.thelocal.ch/20201020/switzerland-referendum-launched-to-give-every-citizen-7500-francs
conv2.png (405×451)
No Title
No Description
m1 money supply.jpg (1280×832)
No Title
No Description
conv1.png (405×76)
No Title
No Description
monetary policy 2020.jpg (1280×871)
No Title
No Description
China becomes EU’s largest trade partner – Global Times
China becomes EU’s largest trade partner
China has become the EU’s largest trade partner for the first time, latest data shows, highlighting that the economic ties of the close comprehensive strategic partnership between China and the EU are intertwined with each other’s industrial chain.
China Has One Powerful Friend Left in the U.S.: Wall Street – WSJ
https://www.wsj.com/articles/china-has-one-powerful-friend-left-in-the-u-s-wall-street-11606924454
Social security and pensions are so critical for many. They need it to pay their bills. More and more people need debt to be able to pay. Money, credit, debt are all increasing.
— APPENDICES —
- 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 —
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: “JANET YELLEN MIGHT BE BACK. Anyone suggesting government took over the Fed and not the other way around needs to wake up. Fed gained more control. Even Bloomberg admits it. The revolving door and the control over the public is very evident to those paying attention. #janetyellen pic.twitter.com/2lHmrIHw0T / Twitter”
JANET YELLEN MIGHT BE BACK. Anyone suggesting government took over the Fed and not the other way around needs to wake up. Fed gained more control. Even Bloomberg admits it. The revolving door and the control over the public is very evident to those paying attention. #janetyellen pic.twitter.com/2lHmrIHw0T
— PLAYLISTS —
The Money GPS – How To and Solutions
— The Money GPS —
How To Fix the Global Economy (Instagram)
The Money GPS on Twitter: “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 / Twitter”
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.
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 »