America is on the brink of a depression that could last for decades. History shows the Coronavirus Depression could last for a decade or longer. Data reveals the Coronavirus Depression…
July 31, 2020 – the date on which the Cares Act $600 a week unemployment insurance payment ends. August 1, 2020 - the date on which angry mobs could start gathering on Capitol Hill and at Congressional offices.
Hence, Dreher and Weinstein’s claims that the events unfolding in America’s streets are the beginnings of a revolution hold some truth. The so-called protesters are acting like revolutionaries.
Hence, America just demonstrated that Basic Income works and alleviates poverty. Given these results, I think a scheme such as failed presidential candidate Andrew Yang’s (D-New York) Freedom Dividend could lead to great prosperity in America.
America’s problems go far beyond police shootings and casual racism. Those who think being nice to black people and screaming “abolish the police” can solve America’s problems are living in fantasyland.
Given that potential reality, all investors need to get ready for a bumpy ride in the market. One way to prepare for that ride is to hold cash rich stocks with high margins of safety such as JPMorgan Chase & Company (NYSE: JPM). I think the banking system will survive, but that survival will be rough.
Thus, most Americans cannot afford to take time off from work without a paid leave.
Caring for an elderly; or a disabled, relative can be a fast ticket to poverty. For example, a single woman caring for her 80-year-old mother with dementia could have to quit her job.
There are several reasons Trump could fight Saudi Arabia’s war with Iran.
Diapers are a problem for the poor; because it costs between $70 and $80 a month to buy disposable babies for a baby, The National Diaper Network reports. Thus, it costs between $840 and $960 a year to buy disposable diapers for a child.
Thus, Yang is revolting against the elite and its agenda of culturism. To clarify, The Oxford Living Dictionaries describe culturism as a “Belief in the relative superiority or inferiority of certain cultures;” or, “discrimination or prejudice based on assumptions about culture.”
The technological jobs apocalypse will be a nightmare for educators and governments if these projections come true. For instance, 54% of employees will require significant re-skilling and retraining by 2022, The World Economic Forum speculates.