80% Of NYC Restaurants Couldn’t Afford June Rent
By Tyler Durden The majority of restaurant owners around the city did not pay their entire rent in June, with 36% skipping out on it…
Economic Collapse
“A Storm Waiting To Happen”: The Average American’s Power Bill Is About To Rise As Much As 30%
By Tyler Durden Today in “The Fed can’t find inflation anywhere” news, it looks as though the average American’s 2020 is going to go from…
Abandoned Malls Are Now Being Turned Into Hybrid Apartment Housing
By Tyler Durden Over the last couple of years, we have been extensively documenting the hastening trend of abandoned malls around the country. As brick…
Walmart Transforming 160 Parking Lots Into Drive-In Movie Theaters
By Tyler Durden In May, readers may recall we said social distancing would revive drive-in movie theaters in a post-corona world. And boy, were we right….
Deus Ex Machina with Chris Duane
By Outer Limits Radio Deus ex machina, (Latin: “god from the machine”) a person or thing that appears or is introduced into a situation suddenly…
UN: May See “New Normal” On Other Side Of 5-Year Global Depression
The Secretary-General of the UN lays out two possibilities to get through the pandemic: either accept UN leadership today or go through a five-year global…
An Interesting Juncture in History
By Charles Hugh Smith Just as the rewards of central-bank bubbles have not been evenly distributed, the pain created by the collapse of the bubbles…
Is The Nationwide Coin Shortage Being Used To Push Us Toward A Cashless Society?
By Michael Snyder The coin shortage in the United States is becoming quite severe, and a lot of people are deeply concerned about where this…
COVID Crisis Could Push 100 Million People into Extreme Poverty, New World Bank Study Says
By Jon Miltimore The economic consequences of the COVID-19 lockdowns are well-chronicled. In the US, more than 100,000 businesses have been wiped out. More than…
Close To Half Of All Working Age Adults In The US Do Not Have A Job Right Now
By Michael Snyder There is a lot of talk about the “unemployment rate” these days, but the way that it is calculated has become so…
$1.4 Billion Worth Of Stimulus Payments Accidentally Sent To Millions Of Dead People
By John Vibes According to a report released last week by the Government Accountability Office, over a million stimulus payments were sent out to deceased…
Lebanon’s Financial Meltdown: Currency Plunges 80%, Huge Losses at Central Bank, IMF Bailout Stalled
By Kevin Helms The financial crisis in Lebanon has seen its currency, the Lebanese pound, fall 80%. The International Monetary Fund (IMF) has estimated that…
Las Vegas Icon Cirque Du Soleil Files For Bankruptcy
By Tyler Durden For everyone who went to Vegas year after year and instead of going to one of the remarkable Cirque du Soleil performances…
41% Of Businesses On Yelp Have Permanently Closed As V-Shaped Recovery Implodes
By Tyler Durden President Trump’s economic COVID-19 response, through massive fiscal and monetary stimuli, was expected to generate a V-shaped recovery ahead of the elections. We noted, all along,…