World Events Discussion

[shermann7]

There are a number of upcoming events that are quite troubling ...

China has outlawed Bit Coin, and Russia now has legislation pending to Seize Bitcoin and other Crypto's if they consider the money being used for "Illegal / Global Trade - Russia is also drastically reducing the purchase of U.S. Treasury Securities.

Japan has just announced that Japan is locking down due to the CV-19 Delta Variant - There will be no spectators allowed - We will See if this holds. There are also many Countries / Cities locking down again - New Dehli has 47 Million People in the area for example - Add in the Cyber attacks around the world and the Worsening Drought West of the Mississippi - We will see Supply Disruptions this fall.

Moratoriums are ending - The Moratorium on Rents / Mortgages is due to expire July 31st - This is a Scary one - How many folks will not be able to pay once the moratorium is lifted? Many people see Evictions and Foreclosures to accelerate at an Alarming rate. We will see if there is another extension at the end of the month.

The "Enhanced" Unemployment ends in September - The student loan moratorium expires in October - There are 47 Million Student loans out there.

Wells Fargo has suspended personal lines of credit - This cuts off Home Equity lines of credit used by folks to pay off debts and Bills - We will see if other major banks will follow suit - This could be devastating for many middle class americans.

It does not appear that the government will be sending out any more stimulus checks - The 250/300 dollar child tax credit for americans starts in July - For many more well to do folks, this will effect the credit that will be filed next april on the federal tax return.

Anyways, Stay Tuned!!!

Shermann