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The Future Crisis They Won’t Talk About. Unpaid Rent and Mortgages Will Cause Havoc

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source / The Money GPS

Unpaid rent is piling up. There’s no turning this around because the situation hasn’t improved for millions and the only solution is to print more money and increase deficits. As I have documented, throughout history, every single time this occurs, it ends very badly for the vast majority of the public. Some believe they can hide behind their purchase of a fully diversified portfolio of 7 shares of Amazon, however, this is foolish. What comes out on the other side of any crisis is impossible to predict, unless of course, you have a crystal ball.

Unpaid rent is piling up. Landlords can’t hold on forever – CNN

Unpaid rent is piling up. Landlords can’t hold on forever

Millions of struggling renters caught a much-needed break when the federal moratorium on evictions was extended through the end of March. But for many landlords across the US, the news came as a nightmare.

NYC Restaurants Scramble, Struggle to Reopen Indoor Dining on Feb. 11, 2021 – Bloomberg

https://www.bloomberg.com/news/articles/2021-02-11/nyc-restaurants-scramble-to-reopen-cope-with-economic-hardship

Manhattan Landlords Offer Record Perks to Fill Empty Apartments – Bloomberg

https://www.bloomberg.com/news/articles/2021-02-11/manhattan-landlords-offer-record-perks-to-fill-empty-apartments?sref=RJ2RlMrh

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U.S. Child-Poverty Crisis Spurs Stepped-Up Efforts in Congress – Bloomberg

https://www.bloomberg.com/news/articles/2021-02-09/u-s-child-poverty-crisis-spurs-stepped-up-efforts-in-congress

Condé Nast Withholds $2.4 Million in Rent at One World Trade – WSJ

Condé Nast Withholds $2.4 Million in Rent at One World Trade

Condé Nast is withholding $2.4 million in rent at One World Trade Center for January 2021 and could withhold further sums in the coming months as part of a rent dispute with its landlords, according to a recent bond document filing.

How Covid-19 Left the $25 Billion Hudson Yards Eerily Deserted – The New York Times

How the Pandemic Left the $25 Billion Hudson Yards Eerily Deserted

The largest private development in U.S. history has attracted marquee companies, but is struggling with unsold luxury condos and a mall barren of shoppers. The company that built Hudson Yards had said the entire project would be finished in 2024. It no longer offers an estimated completion date. Credit…

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Deficit projected at $2.3 trillion for 2021, without new stimulus: CBO

Deficit projected at $2.3 trillion for 2021, not counting additional stimulus, CBO says

The federal budget deficit is projected to total $2.3 trillion in the 2021 fiscal year, a drop from last year but well ahead of anything the U.S. had seen prior to the Covid-19 pandemic, the Congressional Budget Office reported Thursday.

$1,923,752,000,000: Federal Spending Sets Record Through January | CNSNews

$1,923,752,000,000: Federal Spending Sets Record Through January

(Photo by Caroline Brehman/CQ-Roll Call Inc. via Getty Images) (CNSNews.com) – The federal government spent a record $1,923,752,000,000 in the first four months of fiscal 2021 (October through January), according to the Monthly Treasury Statement. At the same time, the government collected $1,188,021,000,000 in total tax revenues-resulting in a record October-through-January deficit of $735,732,000.

Bloomberg News Lays Off Staffers Including Longtime Editors – Variety

Bloomberg News Lays Off Staffers Including Longtime Editors

Bloomberg News on Thursday began notifying a group of employees they were being terminated, according to three people familiar with the matter, the latest in an ongoing string of layoffs at media companies as they grapple with the economics of the digital age.

The Pandemic Emptied Europe’s Cities. What Will Bring People Back?

The Pandemic Emptied Europe’s Cities. What Will Bring People Back?

LONDON – When the coronavirus exploded across Europe in March, it realigned city life, shifting office workers to their homes, shuttering the hospitality sector and reshuffling life for millions.

Bitcoin to Come to America’s Oldest Bank, BNY Mellon – WSJ

WSJ News Exclusive | Bitcoin to Come to America’s Oldest Bank, BNY Mellon

Bank of New York MellonCorp., the nation’s oldest bank, is making the leap into the market for bitcoin, a sign of broader acceptance of the once-fringe digital currency. The custody bank said Thursday it will hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset-management clients.


Unpaid rent and mortgages become a big problem for lenders and landlords. Food prices are rising significantly as we see the inflation at this time. More money, cash, debt, entering the system. There is an influx of capital going into the stock market from institutions, money managers, corporations, individual retail investors, all directions. Very low interest rates, mortgage rates increasing prices of everything.


— APPENDICES —

— The Money GPS: Commodities for 2021 — Boom or bust? (Instagram Feb 14, 2021)
— The Money GPS: Leave your emotions at the door investing is strictly business (Instagram Feb 13, 2021)
— The Money GPS: Clubhouse. Get in the app because I’m planning on going live daily. (Instagram Feb 13, 2021)
— The Money GPS: Brandon Dawson. One guy to watch out for as an investor to see what he’s doing and compare. (Instagram Feb 12, 2021)
— The Money GPS: REAL Unemployment Rate 10% (Instagram Feb 11, 2021)
— The Money GPS: Zoom out and see what you’re doing objectively (Instagram Feb 7, 2021)
— The Money GPS: SPAC IPO trend getting out of hand (Instagram Feb 6, 2021)
— The Money GPS: Citadel made lots of money from the retail traders (Instagram Feb 5, 2021)
— The Money GPS: Oil, commodities rising. Price will impact consumers. (Instagram Feb 5, 2021)
— The Money GPS: GME and AMC attracted many buyers. Illiquid stocks/micro cap stocks are now trendy. Be careful. (Instagram Feb 4, 2021)
— The Money GPS: Silver rockets higher (Instagram Feb 2, 2021)
— The Money GPS: Silver squeeze next? (Instagram Jan 31, 2021)
— The Money GPS: ETF loses 80% of assets! (Instagram Jan 31, 2021)
— The Money GPS: The Fed will not pop the bubble (Instagram Jan 30, 2021)
— The Money GPS: Wall Street Bets on Reddit is adding millions of people. Retail traders needed to keep the prices going higher. (Instagram Jan 30, 2021)
— The Money GPS: Jim Cramer says don’t go for grand slam. What do you think? (Instagram Jan 29, 2021)
— The Money GPS: Robinhood caps hot stocks like #gme to 1 share! (Instagram Jan 29, 2021)archive
— The Money GPS: STOCK MARKET TUMBLES as GME soars (Instagram Jan 29, 2021)
— The Money GPS: Find a company you thought was no longer in business, buy some shares, get rich quick. Is that what’s seriously happening right now?! (Instagram Jan 29, 2021)
— The Money GPS: Hedge your bets like @mcuban ? (Instagram Jan 28, 2021)
— The Money GPS: Fed won’t pull the plug right? (Instagram Jan 25, 2021)
— The Money GPS: Delaying the inevitable pain. (Instagram Jan 25, 2021)
— The Money GPS: Money flooding into stocks (Instagram Jan 24, 2021)
— The Money GPS: 2 ears, 1 mouth — use in that ratio. (Instagram Jan 23, 2021)
— The Money GPS: Buy the biggest shorts? (Instagram Jan 23, 2021)
— The Money GPS: Investing legend says bad things are coming because paper printing does not create an economy. (Instagram Jan 22, 2021)
— The Money GPS: The purpose of big tech is to absorb your data. Not to provide a service and later take advantage of you. Look up In Q Tel. (Instagram Jan 21, 2021)
— The Money GPS: Moving south? (Instagram Jan 21, 2021)
— The Money GPS: Bitcoin going higher? (Instagram Jan 20, 2021)
— The Money GPS: Janet Yellen will you go “big”? (Instagram Jan 19, 2021)
— The Money GPS: Time to move? (Instagram Jan 19, 2021)
— The Money GPS: Never stop (Instagram Jan 18, 2021)
— The Money GPS: Invest in yourself first (Instagram Jan 18, 2021)
— The Money GPS: BITCOIN HITS $40,000 (Instagram Jan 7, 2021)
— The Money GPS: To get where you want to be, you have to know where you are now. (Instagram Jan 4, 2021)
— The Money GPS: Aim Higher (Instagram Dec 17, 2020)
— The Money GPS: Never lose money (Instagram Dec 16, 2020)
— The Money GPS: Master one thing before moving on. Know where you are in the cycle. (Instagram Dec 15, 2020)
— The Money GPS: Be a better investor | How to be a better investor. Window shop! (Instagram Dec 12, 2020)

— FOOTNOTES —

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Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick.

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We live in a fantasy land. More money flowing in than ever before, IPO frenzy, housing skyrocketing. Euphoria never end well. The higher it goes the worse it will be. Slow and steady growth is much safer.

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IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #PlayStation5 #playstation #ps5fight pic.twitter.com/hbimVKzeta


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How To Fix the Economy

How To Fix the Economy – Introduction
How To Fix the Economy – Bailouts
How To Fix the Economy – Food
How To Fix the Economy – Central Bank
How To Fix the Economy – Manufacturing
How To Fix the Economy – Financial Markets
How To Fix the Economy – Media
How To Fix the Economy – Overseas Investment


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CLUBHOUSE. I’m thinking about doing a daily Clubhouse chat. Anyone would be able to come on and ask me questions directly. I want to do something that other creators are not doing.

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I know not many people are on this app yet since in invite only but basically just download the app, choose a username, and wait to get in. I’ll let you know before I proceed on my end so nobody misses it. 2/2 #clubhouse #clubhouseapp

— The Money GPS: Clubhouse. Get in the app because I’m planning on going live daily. (Instagram Feb 13, 2021)

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The Money GPS Financial Education 101 coming soon.100% free eCourse for you to learn from but for those who already know the content, this is perfect to share with others. I’m creating this course for people specifically to get the foundation #moneyGPS #financialeducation pic.twitter.com/nzqVVSSorT


HOW TO MAKE MONEY ON AMAZON – FREE eCOURSE:  http://TheAmazonGPS.com


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Sources Used in This Video: http://bit.ly/TheMoneyGPSSources2021


The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.

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