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Thread: Good USA economy update from CoronaCrisis fallout - focus on Vegas Casinos

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    Great Value Carrots Dachsie's Avatar
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    Good USA economy update from CoronaCrisis fallout - focus on Vegas Casinos



    Mass Layoffs And Pay Cuts At Casinos Following Demand Collapse After Opening, Gold Is A Warning Sign

    15:43 video runtime

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    •Jul 28, 2020
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    Casinos in Las Vegas were very eager to open hoping they may have a chance to survive. The thing is most of them kept their staff on the payroll throughout the duration of being closed, unfortunately, opening has revealed a very troubling sign. Demand has collapsed at casinos, hotels, restaurants, and the travel industry and now the occasions who had spent millions of dollars keeping up with payroll are beginning to realize it is no longer economically feasible to continue staffing at their previous levels. This definitely puts a hole in the V-shaped recovery narrative and shows the next round of mass layoffs maybe even worse. The terrible news is that many people believe the economy is on the edge of a roaring V-shaped recovery and the truth is too ugly to look at. The collapse in demand resulting from the millions of unemployed workers might be worse for jobs than closing in the first place. Casinos in Macau suffered a massive collapse in demand after opening and at the time I had warned about not getting caught up in the frenzy and babble from people trying to sell stocks. The V-shaped recovery narrative may be the most damaging part of the 2020 recession because most people have been ignoring the economic damage and when they discover many jobs are never coming back and a lot of the temporary layoffs are now becoming permanent it would lead itself to the fact stocks are overvalued. news flash, they are and gold prices are telling that story. Bank of American has been predicting gold prices to reach $3,000 within the year and the way gold has been performing since breaking through to record prices. The thing is this may be one of the only reliable indicators for the state of the economy. The Fed nationalized the bond market first so yields are not showing the true financial stress and volatility is at record lows. This is the story Gold is telling, not only do investors not believe the no inflation narrative but they are downright defensive as safe-haven gold demand is soaring along with stock prices. Gold is not a bullish sign for the US stock market.

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    Dachsie comments: This yt channel guy puts out much good info but always makes it clear he fully accepts the official virus pandemic narrative.

    Wynn Casinos has a Macau casino mentioned in this video commentary.

    https://www.wynnmacau.com/en

    located in Macau*

    *Macao Special Administrative Region of the People's Republic of China, is a city in the western Pearl River Delta by the South China Sea. It is a special administrative region of China and maintains separate governing and economic systems from those of mainland China.
    _____

    I did a bit of research about a year or two ago about how world money laundering racket works, and probably still have all my files.
    Macau is a major link in the chain of money laundering, and I find the geopolitical nexus of China, China South Sea "hot spot", gambling casino(s), and China "virus", and world economic collapse quite intriguing.

    ___________________

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    Re: Good USA economy update from CoronaCrisis fallout - focus on Vegas Casinos

    Historic times. Several millennia ago the division was B C. (Before Christ) and A.D. ( Anno Domini is Latin for "in the year of the Lord" referring to the birth of Jesus Christ).

    Time may now be measured as B.C.V. (Before Corona Virus) and A.C.V. (After Corona Virus). Some people prefer B.D.F.P (Before Dr Fauci's Prediction) and A.D.F.P. (After Dr. Fauci's Prediction) as being more definitive. After all, how do we know there will be anything left that can be classified AFTER the virus?

    This is how Eras and Ages happen.

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    Iridium monty's Avatar
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    Re: Good USA economy update from CoronaCrisis fallout - focus on Vegas Casinos

    If the Las Vegas casinos do go under that may force a multitude of the communist marxists in Las Vegas to flee Nevada and look for greener pastures elsewhere. Perhaps they would lose their strangle hold on the Nevada legislature.
    https://constitutionalmilitia.org/
    "A well regulated Militia being NECESSARY to the security of a free State"

    "That whenever any Form of Government becomes destructive of these ends, it is the most Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness." July 4, 1776

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    Iridium
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    Re: Good USA economy update from CoronaCrisis fallout - focus on Vegas Casinos

    vegas to be replaced with gambling websites? will grandma use her smartphone to play?

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