The move comes after Italian Prime Minister Giuseppe Conte’s economic adviser Riccardo Fraccaro said on 26 November that European Central Bank monetary policy should support the eurozone by “cancelling sovereign bonds bought during the pandemic or perpetually extending their maturity.”

Italy and France are at loggerheads over monetary policy after the governor of the Bank of France hit back at Italian demands to cancel trillions of euros in bonds bought by the European Central Bank (ECB) this year as part of stimulus efforts designed to mitigate the impact of the coronavirus on eurozone economies.

Governor of the Bank of France Francois Villeroy de Galhau said that plans to cancel the debt could backfire in an interview with Ouest France.

“To consider debt cancellation would be a very dangerous path,” he told the outlet.

According to such Great Reset luminaries as Bill Gates, Prince Charles, Michael Bloomberg, Mark Carney, and the World Economic Forum’s Klaus Schwab, humanity is expected to solve the dual threat of COVID and global warming in one revolutionary sweeping reform.

We plebeians have been told that all we have to do to restart the economy is rewire everything about our behaviour, value, finance, and ethics in order to decarbonize civilization under a new world regime of central bankers and new green digital currencies as outlined by the World Economic Forum’s Green Horizon Summit from Nov 9-10, 2020. It was at this event that keynote speaker Mark Carney announced that the total net zero transition represents “the greatest commercial opportunity of our time.”

Venezuela has reportedly resumed direct oil shipments to China after brutal US sanctions against the Central American nation forced the trade to go underground for more than a year.

Two China-flagged very large crude carriers (VLCC) with the capacity to transport some nearly 2 million barrels of crude each loaded Venezuelan heavy crude at the Jose terminal in recent days, Reuters reported Friday citing internal documents from Venezuela’s state oil company, Petroleos de Venezuela (PDVSA) and Refinitiv Eikon vessel-tracking data.

One of the vessels, the Xingye, departed from Venezuela on Thursday signaling Singapore as its destination, Eikon data showed. The other carrier -- the Thousand Sunny -- has not yet set sail, according to the report, which noted that both tankers were owned by a PDVSA-PetroChina joint venture until earlier this year when PetroChina assumed full ownership.

In what is definitely some type of Karmic payback for social media companies now appending some type of label to what seems like every other post nowadays, Facebook just found out that its super-duper censoring algorithm also banned advertisements from some struggling businesses, mistaking them as hate speech.

We love it when a plan comes together.

One woman, Ruth Harrigan, who advertises on Facebook to sell her honey and beeswax-based products, told Bloomberg she thought she missed out on an estimated $5,000 in revenue after Facebook mistakenly banned her ads right before black Friday.

She said: “I was getting a little anxious thinking, ‘Oh my God, Black Friday is around the corner, most of my sales for the year happen in November and December and that’s it,'. I said, ‘If I’m shut down any longer than this, it’ll cripple me.’”

Venezuela has reportedly resumed direct oil shipments to China after brutal US sanctions against the Central American nation forced the trade to go underground for more than a year.

Two China-flagged very large crude carriers (VLCC) with the capacity to transport some nearly 2 million barrels of crude each loaded Venezuelan heavy crude at the Jose terminal in recent days, Reuters reported Friday citing internal documents from Venezuela’s state oil company, Petroleos de Venezuela (PDVSA) and Refinitiv Eikon vessel-tracking data.

One of the vessels, the Xingye, departed from Venezuela on Thursday signaling Singapore as its destination, Eikon data showed. The other carrier -- the Thousand Sunny -- has not yet set sail, according to the report, which noted that both tankers were owned by a PDVSA-PetroChina joint venture until earlier this year when PetroChina assumed full ownership.

American homebuyers have to pony up even greater amounts of money for a down payment due to tightening credit standards and skyrocketing home prices.

According to Bloomberg, citing a new report from Attom Data Solutions, the median down payment for a single-family home is $20,775 for the third quarter, the most in at least two decades and up more than 69% from $12,325 a year earlier. Over the last year, the jump in the down payment cost outlines how lenders have become more cautious in these uncertain economic times.

It was also noted borrowers paid 6.6% of the median sale price of homes financed over the quarter, up from 4.7% a year earlier and the highest level since 2018. On average, borrowers were loaned around $275,000, the highest since 2000, up 24% from last year's third quarter.

Todd Teta, chief product officer at ATTOM Data Solutions, said, "down payments are rising at a time when lenders are tightening their guidelines."

The G20 leaders have reached a consensus of a magnitude previously observed at Warsaw Pact summits. News in brief: they want to vaccinate us, and then, before we become restless, switch to combating global warming. If we survive masks and vaccines, austerity will kill off the survivors.

Remember, before the pandemic there was Greta? Greta will return, as soon as everyone gets a jab. This Save-The-World program appeals to a significant part of humanity, including Russians, Europeans, Americans. First, a jab to save us; then, save the planet from warming. So much of this world-saving is straight out of a comic strip. Now let us take time to look at what is happening.

In a move in early November which is already causing controversy, self-styled gold market authority, the bullion-bank controlled London Bullion Market Association (LBMA), issued a letter to a group of leading bullion markets around the world, threatening to blacklist gold bullion from any country that fails to meet new LBMA recommendations covering gold sourcing and supply chains, the elimination of cash transactions, and the support for artisanal and small scale mining (ASM).

These recommendations, which have no legal standing, attempt to coerce the bullion markets into examining and verifying the supply chains of gold, while forcing co-operation with regional and international organizations.

Ice-class vessels will be able to travel in the Leader’s convoy in heavy ice conditions at almost the same speed as in clear water. And this has a direct impact on the economic attractiveness of the Northern Sea Route”
Russia has large-scale plans in the Arctic – and the world’s most powerful nuclear icebreakers will ensure Russia’s presence in this crucial region. Three icebreakers of the LK-120YA Leader project will be built according to the strategy for the development of the Arctic zone until 2035 approved by the President of the Russian Federation. What is unique about this ship and what tasks will it solve?

GM is recalling 7 million pickups and SUVs worldwide with airbags made by the same manufacturer whose airbags are linked to at least 17 deaths in the United States.

The National Highway Traffic Safety Administration ordered a US recall on Monday, rejecting GM's argument that this version of the airbags didn't need to be replaced.

The recall centers on a defect in airbags made by Takata, a now-bankrupt Japanese manufacturer, that caused the bags to explode, spraying shrapnel through the vehicle. In addition to the deaths, other drivers or passengers have been blinded or maimed.

What is this “Great Reset” we’re now hearing about? In a nutshell, the Great Reset refers to a global agenda to monitor and control the world through digital surveillance.

As explained by journalist James Corbett in his October 16, 2020, Corbett Report below,1 the Great Reset is a new “social contract” that ties every person to it through an electronic ID linked to your bank account and health records, and a social credit ID that will end up dictating every facet of your life.

It’s about “getting rid of capitalism” and free enterprise, and replacing them with so-called “sustainable development” and “stakeholder capitalism” — terms that belie their nefarious, anti-humanity intents. As noted in the book, “Technocracy: The Hard Road to World Order”:2

1. TOTAL MISTAKES

$175 billion in estimated improper payments reported by the 20 largest federal agencies, averaging $14.6 billion per month. Total (FY2004-FY2019): $2.3 trillion.

2. WORST PROGRAMS

Billion-dollar Boondoggles: $121 billion (approximately 69 percent) in improper payments occurred within three program areas – Medicaid, Medicare, and Earned Income Tax Credit.

3. CLAW BACK

Recapture totaled $21.1 billion of the $175 billion improper payments during 2019 — roughly 14 cents on every dollar misspent. Five-year total: $103.6 billion recaptured/ $747.7 billion improperly spent.

Millions of Americans expect to face eviction by the end of this year, adding to the suffering inflicted by the coronavirus pandemic raging across the U.S.

About 5.8 million adults say they are somewhat to very likely to face eviction or foreclosure in the next two months, according to a survey completed Nov. 9 by the U.S. Census Bureau. That accounts for a third of the 17.8 million adults in households that are behind on rent or mortgage payments.

The CARES Act, signed into law last March, allows homeowners to pause mortgage payments for up to a year if they experience hardship as a result of the pandemic. Borrowers who signed up at the start of the program could face foreclosure by March.

As a Senator from Delaware, Joe Biden was one of the major promoters of the Bankruptcy Abuse and Consumer Protection Act of 2005 (BACPA).

Written by banks and credit card companies being swamped by rapidly rising rates of personal bankruptcy in the early 2000s, BACPA made it much more difficult for individuals to enter formal bankruptcy.

Not surprisingly, it did not occur to American financial and political elites, like Senator Joe Biden, that simply making it more difficult for individuals to declare bankruptcy did absolutely zilch to solve the economic hard times suffered by people who are bankrupt.

So, what do you think people in financial straits did when they can no longer file for bankruptcy?

Yep, kiddies, lots of them stopped paying their home mortgages. This was especially noticeable at the time for subprime mortgages.

As the Alliance publishes this updated version of the State of Homelessness, COVID-19 is creating a health and economic crisis in America and throughout the world. It is too soon to determine its ultimate impacts. Thus, this year’s report represents a baseline—the state of homelessness before the crisis began. It also reflects some early considerations and predictions about the influence of the pandemic on this vulnerable population.

President Trump seems close to declaring a war on homelessness or, depending on whom you ask, a war on the homeless. On the way to California on Tuesday, he griped that people living on the streets are devaluing prestigious addresses, and he vowed to do something about it.

But what do we actually know about the population that, according to the Post’s Philip Rucker and Jeff Stein, Trump says are living on the “best highways, our best streets, our best entrances to buildings?"

Homeless America defies easy characterization. It has more residents than some rural states — more than 550,000 Americans experience homelessness on a typical night, and 1.4 million will spend some time in a shelter in a given year.

It’s not just national political leaders who have stepped up their calls on Congress to finally, after months of delay and gridlock, pass another coronavirus relief bill that includes funding to provide most Americans with a second stimulus check. In a new open letter, a group of more than 125 economists is now advocating for the same — specifically, more stimulus that includes new direct payments to families hit hard by the coronavirus pandemic.

The economists include a former advisor to President Obama, economist Jason Furman. “We urge policymakers to use all the tools at their disposal to revitalize the economy, including direct cash payments, which are one of the quickest, most equitable, and most effective ways to get families and the economy back on track,” the economists write in the open letter. Additionally, they point to research from the Urban Institute that points to stimulus checks being a tool that could keep some 14 million people out of poverty.

And here we go… America in 2021 is on the same path of Rhodesia to Zimbabwe.

Just days after UK Prime MInister Boris Johnson confirmed that the 2nd English COVID-19 lockdown would soon come to an end (as England is expected to revert back to the tiered system of restrictions that preceded it), Chancellor Rishi Sunak on Wednesday shared some grim numbers about the state of the British economy with Parliament.

With global stocks on track to clinch their strongest monthly performance in modern history, Sunak warned that the British economy is set to contract by by more than 11% in 2020, the biggest annual contraction in 300 years - a period that has included at least one other global pandemic, and many, many wars.

It's no secret that the UK has been one of the hardest-hit developed nations. With one of the highest COVID-19 death tolls in the world, British leaders have imposed some of the harshest restrictions on movement and businesses in all of Europe.

Americans are lining up in historic numbers at food banks across the country this week as the COVID-19 pandemic exacerbates levels of food insecurity for millions of people.

As the Thanksgiving holiday draws closer, news reports from states around the U.S. indicate that more Americans face food insecurity now than at any time in recent decades.

Video obtained by CNN on Tuesday from the Meadowlands entertainment complex in New Jersey showed residents waiting for several hours to obtain prepackaged boxes of meals for the Thanksgiving holiday.

The K-shaped economic recovery, one where the rich grow richer and the working-poor are crushed with job loss and insurmountable debts, was on full display Tuesday afternoon as the Dow Jones Industrial Average crossed 30,000 for the first time.

By mid-afternoon, hours after the DJIA soared to new highs, Bloomberg tweeted a disturbing video of yet, another massive food bank line, something we've been highlighting this fall as an increasing occurrence as covid winter continues to crush the working-poor.

Today's food bank lines were situated in Albuquerque, New Mexico, where hundreds of vehicles were lined up "at a local stadium parking lot," Bloomberg said. The lines snaked around a parking lot, with an overflow of vehicles pouring out onto the city street.