Corporate Bankruptcies At Record High

 

While everyone stays glued to the Presstitutes jawboning about Kamala/Trump/O’Biden Etc., most people miss that corporate bankruptcies have surpassed the fake pandemic levels.

 

Huh?

 

Yeah, you read that right.

 

We constantly remind you of the “look here, don’t look there” tactics used to distract you from what the Boyz don’t want you to see.

And this is another classic example.

 

S&P Global Market Intelligence chimed in on recent bankruptcies by saying: “The pace accelerated from the first months of 2024 and is rivaled by only the busiest months in 2020, when the shock from COVID-19 pushed a relatively higher number of companies into bankruptcy.”

 

 

Bankruptcies At Record High

 

So far, around 75 corporations filed for bankruptcy in June 2024 alone.

 

Are you ready for some freaky numbers?

 

Americans are opting to file for bankruptcy at a faster pace as they cannot repay their debts.

Why?

 

• Bankruptcy filings in the US rose 15% in the first half of 2024, reaching 217,000.
• Consumers aren’t spending and businesses are unable to turn a profit.
• Prolonged supply chain issues, inflation, higher rates, and reduced consumer spending have all contributed to more failing businesses.
• Corporate bankruptcies reached a 13-year high last month.
• Commercial Chapter 11 filings have the most notable uptick, with an alarming 43% annual spike from Q1 of 2023 to 2024.
• Q1 2024 saw 346 corporate bankruptcy filings, the highest in over a decade.

 

 

In September 2020 we wrote:

 

The increasing rate of depression and suicide – from many who have lost their jobs and with no hope of them coming back – will eventually cause more deaths than the CovidFraud.

They also KILL economies.

 

 

READ:  Lockdowns KILL More Than They Save (HERE).

 

You can thank the CovidHoax for most of our problems.

 

Why?

 

Because the supply chain issues from COVID have never been fully resolved.

And inflation began with COVID but has been prolonged primarily thanks to government spending as Biden implemented some of the heftiest packages (see: Inflation Reduction Act) before opting out of office.

 

 

 

So, now the chickens are coming home to roost.

 

And the Presstitutes love how everyone else is caught up in their Kabuki theater tactics…falling into the “Look here, don’t look there” distractions.

 

Ironically (or NOT) it takes a long time for a government to blow itself up…just look at the COLD WAR.

But things get more real for the markets when it also involves the world’s reserve currency.

 

Throw in a major internet event (Cough! CrowdStrike, Cough! Cough!) and you have the perfect financial storm.

 

And let’s not forget the issue of our national debt.

 

Because adding a TRILLION to the debt every 100 days, and One BILLION to the interest on the debt every 24 hours is only one reason to own some gold and/or gold stocks.

 

So, be sure to read our August edition of “…In Plain English” (HERE) as we revisit some of the gold and silver mining stocks we are currently favoring.

 

Share this with a friend…especially if they’re caught up in the Presstitutes Kabuki theater.  They’ll thank YOU later.

 

And tell them:

 

We’re Not Just About Finance.

 But we use our 114+ combined years of experience in the Financial World to give you hope AND expose corruption ‘Behind the Curtain.’

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