While small, independent businesses are struggling to survive, the Bank of England is creating billions in new money to bail out Britain’s biggest companies – in secret.
A leading economics authority warns that a consortium of powerful interests are using Covid-19 and the Great Lockdown to further advance their “War on Cash”
US unemployment rate hits 14.7% – the highest rate since the Great Depression – as more than 20.5 million people across the country suffer job losses amid COVID-19
UK unemployment to double and economy to shrink by 25% because of Covid-19. Or, more precisely, as a result of the lockdown in response to Covid-19
While tens of millions have lost their jobs during the coronavirus pandemic, America’s ultra-wealthy elite have seen their net worth surge by $282 billion in just 23 days
And this economic depression is just six weeks old
The global lockdown was decided on at the World Economic Forum in Davos, 21-24 Jan 2020. At the time, there were only 150 known COVID-19 cases outside of China.
Banks are closing ATMs and branches in an attempt to ‘nudge’ users towards digital currency
“You’re going to see numbers as bad as we’ve ever seen,” says economics advisor to the White House Kevin Hassett
So it seems the rich REALLY do get richer while the poor grow poorer
Irish Savant looks at what may be some of the more positive things to emerge from the Covid-19 lockdown
And it is largely self-inflicted