American Bankruptcies

American Bankruptcies, Bankruptcies, Consumer Bankruptcy, Federal Reserve, Federal Reserve Act, Tariffs, U.S. economy

Watchman: US Bankruptcies Reach Record High Following COVID-19–Satan Soldiers Planned Event

BY SRH US Bankruptcies Peak Since COVID-19 After promising not to lay off employees, about 1,000 corporate Kroger employees are losing their jobs. After closing more than 60 unprofitable outlets by 2026, the retailer laid off workers. Kroger closed stores to minimize costs after its $25 billion merger with Albertsons failed. ‘These decisions are never easy, but we recognize intelligent, albeit painful, choices are necessary to position our company up for continued success,’ said interim CEO Ron Sargent. As of February, over 409,000 workers were employed by Kroger, with most of them working in stores. I think that a lot more Americans will lose their jobs in the months ahead. Robert Lawless, University of Illinois law professor and co-author of Debt’s Grip: Risk and Consumer Bankruptcy, said this benchmark may not facilitate “apples-to-apples.” “A dollar has lost 19% of its […]

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American Bankruptcies, Bank Closures, Bank Run, Banking Crash

Watchman Warning: Satan Has Just Sent His First Invoice to the Banking Industry

HNewsWire: By Tyler Durden Just one day after JPMorgan CEO Jamie Dimon said private credit could spark turmoil if when the opaque sector of financial markets weakens, warning that “there could be hell to pay,” and adding that he has “seen a couple of these deals that were rated by a rating agency and, I have to confess, it shocked me what they got rated. So, it reminds me a little bit of mortgages”, Satan has just sent his first invoice to the banking industry. After scaring his fellow bankers, perhaps in hopes of sparking another mini bank run and getting the FDIC to gift him with yet another bank, it turns out that perhaps Jamie Dimon was correct that “not all the people doing [private credit] are good,” and earlier today Bloomberg brought us the first notable example of

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[T]he wicked will continue to be wicked, American Bankruptcies, Ca Is Bankrupt, Gov. Newsom Having to Shift Funds, Satan Soldiers

California is Bankrupt Financially and Spiritually Gov. Newsom Having to Shift Funds

From Other Services, Raise Taxes and Borrow Money All to Float a Giant Ponzi Scheme, This Won’t End Well for Entitled Members of the California Public Employees’ Retirement System (CalPERS),Walmart is Hiring… Hot dry winds have returned to the land of fruits and nuts.  After baking away all summer long in the blistering sun, the dense sage and chaparral covering the coastal hillsides and canyons and the inland mountain forests are dry and toasty.  Vegetated areas are a giant tinderbox. What happens next is as predictable as night follows day.  Just one spark – from a downed powerline or a backfiring semi-truck – and the whole thing conflagrates into a blistering windblown wildfire.  The Golden State goes up in smoke.  The sky turns to an orange haze; the sunsets are magnificent.  And ash sprinkles down and coats the pavement with residue. Of

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American Bankruptcies, Plandemic, Tribulation, WatchMan StevieRay Hansen

The “Biblical” Default Wave Arrives: Here Is The Avalanche Of Bankruptcies Unleashed By Coronavirus

and The Official Plandemic Elected Officials… Months ago, we said that it was just a matter of time before a “biblical” wave of bankruptcies was about to be unleashed on the U.S. due to the coronavirus pandemic … and sure enough, the first wave is corporate defaults are starting to wash across U.S. shores, with companies in every industry – from retailers to airlines, and restaurants – but also sports leagues, a cannabis company and an archdiocese plagued by sex-abuse allegations. These are some of the more than 110 companies tracked by Bloomberg that have declared bankruptcy in the U.S. this year and blamed Covid-19 in part for their demise. While some were in deep financial trouble even before governors ordered non-essential businesses shut to help contain the spread of the virus, most will reorganize and emerge from court smaller

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American Bankruptcies, Bankruptcies, Bible (revelations), Tribulation, WatchMan StevieRay Hansen

“Biblical” Wave Of Bankruptcies Is About To Flood The US

Bankers Know The Collapse Of Society Is Coming,The Sin Of Greed… One of the silver linings of the coronacrisis to date is that despite the unprecedented collapse in the broader economy and the 30 or so million unemployed, the pace of bankruptcy filings has been relatively steady compared to the pre-covid levels, as the following Goldman chart shows. Unfortunately the relative calm is not meant to last, because as we observed last month, Moody’s recently expanded its “B3 Negative and lower list” which soared to its highest tally ever — 311 companies. That tops a former peak of 291 companies, reached during the credit crisis of 2009 and the commodity-related downturn in April 2016. At 20.7% of the total rated spec-grade population, the list also shot up above its long-term average of 14.8%, and closing in on its all-time high of 26.1%. This

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