By Tyler Durden | 27 November 2020
ZERO HEDGE — A dark covid winter is descending on the working-poor of America as millions of adults face eviction or foreclosure in the next few months. Bloomberg, citing a survey that was conducted on Nov. 9 by the U.S. Census Bureau, shows 5.8 million adults face eviction or foreclosure come Jan. 1. That accounts for 32.5% of the 17.8 million adults currently behind rent or mortgage payments.
On Monday, we noted that on Dec. 31 many of the key provisions in the CARES Act are set to expire if there is no action from Congress. This could be catastrophic for 12 million America who will lose access to their Emergency unemployment benefits activated in the aftermath of the covid pandemic, which alone could be a drag of up to 1.5% to growth in 1Q, according to a recent Bank of America report. […]
The massive transfer of wealth will continue with another ‘stimulus package’ probably in January which will add another countless billions to the Fed’s balance sheet. The death of the dollar is now around the corner and the transition to some form of a global digital currency is now on the horizon so as to be able to control every transaction in the world.
John Titus, who is one of the best at discussing the machinations of the Fed, addresses this transition in the video below. I also linked to a zoom call back on October 19th that Titus discussed and linked to involving Powell of the Fed, Georgieva of the IMF, Carstens of the BIS, and Ahmed Alkholifey of the Saudi Central Bank where they discuss the transition to a global digital currency.
https://meetings.imf.org/en/2020/Annual/Schedule/2020/10/19/imf-cross-border-payments-a-vision-for-the-future