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Was the Fed Just Nationalized?

What will individuals, families, communities and state and local governments be getting out of this massive bailout? Not much. Qualifying individuals will get a very modest one-time payment of $1,200, and unemployment benefits have been extended for the next four months

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The Novel Depression: How the US is going to see Great Depression Unemployment in Record Time.

The unemployment report today was widely acknowledged as being incorrect even by the mainstream media when “only” 700,000 jobs were reported lost last month. We already have data that approximately 10 million people have filed for unemployment benefits in the last couple of weeks. This upcoming recession, the Novel Recession, is largely one that is being brought on by a global shutdown to prevent the spread of the COVID-19 outbreak. Yet the speed in which this recession is coming just goes to show how fragile our economy really was and how many Americans were already living on the financial edge.

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Top Cop Arrested, Charged with Multiple Felonies for Stealing Asset Forfeiture Funds

Macomb County Prosecutor Eric Smith resigned after having spent 25 years as a prosecutor and assistant prosecutor. Smith has been at the center of a Michigan State Police investigation over how the prosecutor’s office spent civil asset forfeiture funds from drug and alcohol forfeitures. To be clear, civil asset forfeiture, according to police accountability activists, is legal theft by law enforcement of citizens’ personal financial assets because no crime has to have been committed or proven for law enforcement to steal your property.

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Goldman Sachs Buys 2 Luxury Private Jets As Main Street On Verge Of Collapse

This is definitely not a good look. At a time when the federal government is struggling to manage its $2 trillion bailouts for main street and SMEs, a handful of Goldman Sachs insiders (probably high-ranking executives) have apparently decided to sandbag CEO David Solomon, who is already reeling from the blowback to his latest raise, the highest among his peers despite $GS’s lagging performance.

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United Nations Wants 10 Percent of World’s Income to Fight COVID-19

Avowed socialist and United Nations Secretary General António Guterres has announced the creation of a global fund meant to address the coronavirus pandemic. He is asking for all nations to contribute the equivalent of 10 percent of all global GDP to fund a gigantic “human-centered, innovative and coordinated stimulus package,” which would be administered by a global authority, presumably the UN itself.

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