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Unsold U.S. Hotel Rooms Near 1 Billion! Financial System Hidden Risk With Debt Fiasco

GLOBAL DEBT GAMBLE

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There are many potential catalysts at this point in time which could lead to an unraveling. Nobody knows what will be the cause but where there is risk, there is fragility, and where there is fragility there will be failure. Right now, commercial property stands to lose the most. Iconic hotels which have remained open for decades have gone under. Retail properties are shutting down rapidly. And the prospects of returning to the previous state of business travel and general need for massive office towers has now been reduced. This should be front and center on everyone’s radar, going into 2021.

 

Unsold U.S. Hotel Rooms Near 1 Billion as Lodging Crisis Deepens

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63% of Americans have been living paycheck to paycheck since Covid hit

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Federal Government Spending Nearly Twice as Much As Its Taking In – Nextgov

Federal Government Spending Nearly Twice as Much As Its Taking In

For the 14th straight month, the federal government spent more money than it received through taxes.

Federal Spending Sets Record Through November; Deficit Second-Highest Ever | CNSNews

Front Page Featured | MRCTV

The mission of the Media Research Center is to document and combat the falsehoods and censorship of the news media, entertainment media and Big Tech in order to defend and preserve America’s founding principles and Judeo-Christian values. The MRC is a research and education organization operating under Section 501(c)(3) of the Internal Revenue Code, and contributions to the MRC are tax-deductible.

COVID-19 Pandemic Driving Homelessness In NYC To Record Levels, Advocates Say – CBS New York

COVID-19 Pandemic Driving Homelessness In NYC To Record Levels, Advocates Say

The Big Apple has hit a grim milestone when it comes to the homeless. A new report from homeless advocates says COVID-19 has helped propel the shelter population to record numbers.

(1) Million-dollar mortgages common now in the GTA | Watch News Videos Online

Million-dollar mortgages common now in the GTA | Watch News Videos Online

Watch Million-dollar mortgages common now in the GTA Video Online, on GlobalNews.ca

Property Boom Drives Pandemic Surge in Canada Household Wealth – Bloomberg

https://www.bloomberg.com/news/articles/2020-12-11/canadian-households-see-a-mid-pandemic-surge-in-wealth

Subzero-Rates Club Swells With Spanish Debt and Australian Bills – Bloomberg

https://www.bloomberg.com/news/articles/2020-12-10/australia-gets-paid-to-borrow-in-first-sale-at-negative-yields

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China sells first sovereign bond at negative interest rate, taking advantage of record low borrowing costs to raise capital | South China Morning Post

https://www.scmp.com/business/banking-finance/article/3110450/china-sells-first-sovereign-bond-negative-interest-rate

Monetary policy decisions

Monetary policy decisions

The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

Pasadena Man Charged For Allegedly Buying Maserati With COVID Relief Money – CBS Los Angeles

Pasadena Man Charged For Allegedly Buying Maserati With COVID Relief Money

A Pasadena man is facing federal charges alleging he used stolen identities to fraudulently obtain unemployment insurance benefits, which he later used to purchase a Maserati luxury SUV.


The stock market has escalated to new heights as more money, cash, debt flow into stocks, equities. We have seen much influence from not just institutional investors, but retail investors more than ever before as trades, trade commissions have declined, lowering the barrier to entry.


— APPENDICES —

— 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: “UNEMPLOYMENT RATE 6.7%.HAHAHAHAHA!.These people are hilarious! Good stuff. Thought you would enjoy a laugh in these dark times.. pic.twitter.com/hjXYiX3Y4a / Twitter”

UNEMPLOYMENT RATE 6.7%.HAHAHAHAHA!.These people are hilarious! Good stuff. Thought you would enjoy a laugh in these dark times.. pic.twitter.com/hjXYiX3Y4a

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


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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


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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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