With the additional $600 weekly benefit having come to an end, many questions remain as to what happens next? For many, this may have been the only income received over the past several months. For others, the $600/week was additional income on top of what they may have been receiving from their State’s unemployment office. In addition to this Federal assistance expiring, there are also serious concerns pertaining to what can be considered the eviction moratoriums. A couple of months ago, The Kapital News discussed experts projecting some 20-28 million Americans could be evicted in the coming months. Now, an analysis from the Aspen Institute suggests that it may be closer to 30-40 million Americans facing evictions in the coming months. For context, some 10 million Americas were evicted over a couple of years in the midst of the GFC. In addition to the expiring unemployment benefits and moratoriums, hunger is also a major concern. With surveys put out by the Census Bureau and others stating that some 30 million Americans are underfed and/or concerned about where their next meal will come from.
These issues are structural and the massive amounts of spending, borrowing, begging, and printing has only kicked the can down the road for a little. Now the chickens are coming home to roost and the piper wants paid. But hey, don’t worry, because the Fed and the Congress and the White House via the Treasury Department are purchasing corporate debt of the world’s largest companies. So don’t worry where your next meal is coming from. Don’t worry about not getting that extra $600/week, and don’t worry about being evicted. You know why? Because our government is buying corporate debt of the world’s largest firms, among other “assistance” programs and bailouts. Billions and trillions to the bigs and corporations and screw the little guy. Welcome to your banana republic. #Economy #Debt #Bailouts #Jobs #Gold #BananaRepublic #Congress #USA #Silver