Everything is beginning to collapse just as we’re hitting the peak of the bond market maturity wall. This means it’s about to get even worse as we are beginning to see the waves of bankruptcies hitting the retail sector as they have seems a rush of very large names beginning to fail but the Hotel and leisure sector is now seeing even multi-million dollar hotels failing in Manhattan Hotel rooms that used to go for around $500 a night are now hoping to find someone to book a room for $83. 

The hotel industry has been hit extremely hard so far and judging by the collapse in the CMBX series 9 BBB- which has 17% exposure to the hotel industry some are suggesting that this is the next big short. 

Defaults are on the rise whether it is the rental car companies, hotels and according to Fitch ratings the energy sector is also in hot water. loan defaults have just reached a 6 years high and used car prices have taken a huge drop due to the fleets of used cars being dumped onto the market and soon if Hertz files bankruptcy their creditors may dump the entire fleet of cars at once which could be the finishing move on car prices. The car companies were already projecting declining sales before any of this came along and the employees were fighting with the automakers over money meaning things were already on the decline.

Lynnette Zang joins SGT Report to discuss the monetary and fiscal black hole we just entered and from which there is no escape.

We are in the middle of the worst global health pandemic of our lives according to the Media, the Government and the United Nations. We are witnessing an unprecedented global lock down in response to the Coronavirus outbreak known as COVID19. The global population living in western countries have been taught for more than a generation to live in a constant state of fear ever since 9/11. We have been encouraged to sacrifice our liberty for a false sense of security, being conditioned more and more each day to rely on the state for protection and now many of us find ourselves relying on the state to pay our bills. Despite the government’s budget and deficit continuing to grow exponentially everyday… Some are beginning to see that there may be more to the official story than what we are led to believe. The very few may have seen this coming and are waiting for the next phase of what very well could be another step closer to global governance. The very men and women, the exact same individuals and government agencies, in addition to global institutions who stand to benefit the most, are the ones calling the shots... Welcome to COVID-1984 and the official roll out of the New World Order...