The end is near?🤔
Trading Places...
Hopefully the US Military Industrial Complex and Wall Street will not have their government start WWIII as a reaction to the new commercial reality.
Revolving door!!!
CUI BONO?
Russia’s #gold & foreign currency reserves surge by $1 BILLION in one week rt.com/business/49978…
According to an expert quoted in the ‘Global Times’ China's seeking to shed US debt.
China currently holds more than $1tn of American debt, but the country has already been offloading its share by dumping over $100bn in 2020.
China dumps US debt,
Fears dollar plunge!!!
10 Jun 2020
After much speculation and worry, the US Federal Reserve has opted not to lower interest rates below zero.
Warning : China Started
Dumping US Debt
End Game for The US Dollar
The Atlantis Report
Jun 11, 2020
Bye bye, US Dollar
China to
Dump Share of US debt
Amid Ongoing Tensions
6 September 2020
How economists rode maths to become our era’s astrologers!
♈♉♊♋♌♍♎♏♐♑♒♓⛎
According to a 2015 study, median salary of econ teachers in 2012 increased to $103,000 – nearly $30,000 more than sociologists. Top 10% of economists jumps to $160,000.
aeon.co/essays/how-eco…
Formal education...🤔
Is it really all it's cracked up to be?...🤔
Used-Vehicle Market Digs Out from Supply-and-Demand-Shock Chaos that Caused Enormous Distortions in Prices.
Used-Vehicle Wholesale Prices, After Spiking for Months, Turned South in Late August, Wholesale Volume Plunged Again
wolfstreet.com/2020/09/08/use…
Used-Vehicle Wholesale Prices, After Spiking for Months, Turned South in Late August, Wholesale Volume Plunged Again
wolfstreet.com/2020/09/08/use…
People SWITCHING CONSUMPTION from new goods to second hand goods.
What will that do to EMPLOYMENT?
Used-Vehicle Wholesale Prices, After Spiking for Months, Turned South in Late August, Wholesale Volume Plunged Again
wolfstreet.com/2020/09/08/use…
Cantillon Effect
Cantillon Effect
It's raining money.🌧️💵
But not one drop is falling on you!
en.m.wikipedia.org/wiki/Richard_C…
When the you know what hits the you know... people go home to Mom and Dad, currently empty rooms are let, vacancy rates shoot up, and rental rates collapse.
That time has arrived!
That time has arrived...
“Interesting.
What happens to property investors in Sydney and Melbourne if a recession hits hard, vacancy rates increase and the rents they get collapse? What happens to the banks?”
independent.ie/business/comme…
As usual.
Those at the bottom of the wealth and income heap are getting crushed the worst.
Those at the top?
They're laughing all the way...
...to the bank!
“Billionaire wealth gains during pandemic:
Jeff Bezos
+$81Trillion
Elon Musk
+$60Trillion
Mark Zuckerberg
+$41Trillion
Daniel Gilbert
+$38Trillion
Bill Gates
+$15Trillion
Charles Koch
+$6Trillion
Meanwhile,
40M Americans face eviction.
Tax the rich.”
Mantra of the Mega-Wealthy?
Crush The Poor!!!
And Everyone Else!!!
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