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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China Experiences Second Major Bank Run This Month, The U.S. Banking Sector Has

Some Major Problems, What We are Witnessing Is the New World Order Plan Being Implemented, and They Must Bust the Dollar to Bring on the Digital Currency… China has launched a pilot programme in the northern province of Hebei requiring the public to apply for approval if they plan to make large cash deposits or withdrawals at commercial banks. The regulation comes after a series of bank runs in the past year at debt-laden small lenders and as an unprecedented pandemic-related economic contraction starts to take a toll. From July 1, residents in the province will need to provide information about the source of deposits or the purpose of withdrawals for transactions over 100,000 yuan (US$14,162) for individuals, and 500,000 yuan for corporations, the state-backed China Securities Journal reported last week. Applicants will have to give one day’s notice to…

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