After everything that has taken place over the past year, there shouldn’t be a need to sound the alarm any longer, because everyone should be awake by now. But of course that is not the case. At this moment, the vast majority of the population is still dead asleep. This greatly frustrates me, because there has been warning after warning, but most people choose not to listen. Since I am a sports fan, I like to use sports analogies, and to me it certainly appears that we have been given a series of “2 minute warnings” over the past 12 months. Humanity is steamrolling toward disaster, and time is running out. Unfortunately, to a very large extent the warnings are not being taken seriously. (Read More...)
Unemployment Benefits
If You Believe Life Will “Return To Normal”, You Have A Fundamental Misunderstanding Of The Times In Which We Live
Despite all of the craziness that is going on out there, many pundits are trying to convince us that life will soon “return to normal” and that great days are just around the corner. They are telling us this despite the fact that the state of Texas has been in a state of collapse this week, the real economy continues to implode, the unemployment numbers are going up, civil unrest continues to rage in our streets on a nightly basis, and our entire planet continues to become even more unstable. Those that believe that happy days are here again have a fundamental misunderstanding of the times in which we live. This isn’t a period of time when America is going to “build back better”. Rather, this is a time when America is going to go even deeper into “the perfect storm”. (Read More...)
74% of families with children making less than $100,000 have “experienced serious financial problems” during this crisis
The reason why so many people are clamoring for Congress to get another stimulus bill passed is because an unprecedented number of households are in desperate financial need right now. As you will see below, millions of Americans missed their rent or mortgage payments last month, millions missed their student loan payments, and millions are falling into poverty. The economic downturn that was sparked by the coronavirus pandemic has stretched on far longer than most people originally anticipated, and many Americans are simply running out of money at this point. In fact, one survey that was conducted not too long ago found that 40 percent of all households have “used up all or most of their savings” and 74 percent of families with children that make less than $100,000 a year have “experienced serious financial problems” during this crisis… (Read More...)
Millions Of Americans Are Now Making Far More Money Being Unemployed Than They Did When They Were Actually Working
More than 26 million Americans have filed new claims for unemployment benefits in recent weeks, and a lot of them will now be bringing home much more money than they did while they were actually working. Needless to say, this is going to create a perverse incentive for people to stay unemployed for as long as possible. Just think about this for a moment. If you could earn more money sitting on your sofa gobbling down chips and watching Netflix, what possible motivation would you have to go back to work? Many low paid workers are going to want to ride this gravy train all the way to the end, and as you will see below, this is already causing big problems for businesses all across America. (Read More...)