Great Depression 2 continued

There is a lot of people going broke trying to look rich. You should get your debts paid down like me. When hyperinflation hits, the 401ks, the money markets will be almost worthless. Maybe the federal government is keeping this on life support until they no longer can. It’s like spiritual warfare coming to America. Somewhere on the Internet, I found that pensions will run out in 2028! The federal government was lying to us for decades. The politicians have made promises they can’t keep. This is the broadest global collapse since 1870 despite unprecedented government support. The world economy is supposed to contract 5.2%. It will drive 70 – 100 million to extreme poverty. NBER says there is a recession. The V shaped recovery has happened for stocks but not for the economy. Landlords are sending 1000s of default notices to tenets that could get retailers into bankruptcy. The amount of companies going under is escalating. CBMS will become worthless as people move out of the malls. There's too much retail in general. May saw the most bankruptcies since 2009. Government started QE4 in September 2019. The markets love it. The federal reserve is doing QE5 right now. Are they seeing the same problems right now as back in September. During QE5, the federal reserve is buying less and less treasuries. They take 4 billion. The federal reserve requirements are zero. The financial establishments can do anything they want. Hyperinflation in the future. The whole world is doing the exact same thing as the federal reserve doing QE5. It started in late may, companies sent 1000s of default notices. Department stores, restaurants, specialty chains and apparel merchants haven’t paid their rent for the last 3 months and have received notices from their landlords. There is this fear that the businesses that haven’t paid their rent are either bankrupt or filling for bankruptcy. There is a lot of worrying like terminating leases and locking up stores. 7.4 billion dollars of rent has to be paid for April. There was 733 businesses that declared bankruptcy. Only 487 businesses filled bankruptcy in 2019. There are 27 companies that have $50 million dollars in liabilities. Almost all businesses weren’t ready for this kind of economic meltdown. Congress is pressured to increase the number of bankruptcy judges. It’ll take months if not years for things to return to normal. Almost all sectors of the economy will suffer long term effects. Bankruptcies include airlines, energy, real estate, automotive suppliers, retail, hospitality. Most of these companies that declared bankruptcy were caught borrowing heavily. The federal reserve opened its stores for companies to take more debt. Most of the money the businesses make were to pay dividends, not employees. There will be a slowdown in cash flows and decrease in revenues so more companies will go bankrupt in the coming months. There is a history wave of insolvencies in the united states. Most investment grade companies have borrowed $1 trillion in the first 5 months of 2020. This amount of debt will negatively affect the economy. In the coming months there will be bankruptcy levels never recorded in American history. Declaring personal bankruptcy will discharge many forms of debt and stop re processions and foreclosures.