As we embark on QE infinity, this is how bad the situation really is…
This Can’t Be Good
March 26 (King World News) – Lizz Ann Sonders, Chief Investment Strategist at Charles Schwab: “Breakdown by age group & income level of US adults who have no emergency savings (see below).
Breakdown Of Age And Income Level Of US
Adults Who Have No Emergency Savings
King World News note: While the above chart is troubling enough, this was posted by KWN on March 20th, prior to today’s all-time record 3.3 million jobless claims being announced:
This warning was just sent to King World News by the Chairman of one of the largest financial companies in the United States:
We May See A Jaw-Dropping 5-10 Million Figure
In The Next Jobless Claims Report!
“GS (Goldman Sachs) predicts that the next jobless claims report will be 2.25 million. I think they’re probably way underestimating. According to Google, there are 14 million people working in the restaurant industry & 10 million in the aviation industry.
So, between just those two industries, I think it would be surprising if we don’t see 5 million jobless claims in March; indeed, 10 million would be unsurprising. So, peak fear is still some weeks off.”
To listen to Alasdair Macleod discuss the bullion banks being squeezed in the gold and silver markets, the imminent catastrophe the world faces and much more CLICK HERE OR ON THE IMAGE BELOW.
We’re In For A World Of Pain
***Also Released: Steph Pomboy: WE’RE IN FOR A WORLD OF PAIN – Bursting Of The Credit Bubble Will Still Be Raining Down Upon Us, Plus This Is Why Gold Stays Bid CLICK HERE.
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