Today the Labor Department released the new weekly round of jobless claim numbers, and they are reported as a new low since the start of the pandemonium in 2020.
In a rare outcome, polled mainstream economist’s estimates were on par, as the Labor Department reports another 360,000 jobless claims, a dip of 26,000 people from the previous week.
On top of that, and additional 96,362 applications for benefits were filed through a temporary federal relief program installed after the lockdowns began.
Though jobless claims are falling, MarketWatch reports that there is still a major labor shortage as many businesses cannot fill their positions.
On top of that, Reuters reports that for the third month in a row, factory activity in the U.S. mid-Atlantic region is sharply falling. ‘The Philadelphia Federal Reserve Bank said its business activity index fell to 21.9 from 30.7 in June. That was well below economists’ expectations for a reading of 28.0,’ says the Reuters report.
Because of the freeze in the economy and the effects of the global pandemonium, many factories are still struggling to keep up with the demand.
BlackRock Is Owning Even More
In mid-June, The WinePress reported on a giant international asset manager, BlackRock, that is closely partnered with the World Economic Forum. In that report we documented that this organization continues to buy up large swaths of real estate, and invest large sums of cash into other start-ups, such as faux meat companies.
BlackRock has been buying so much, according to a Wall Street Journal article, they are closing in on owning $10 trillion in assets.
BlackRock’s quarterly profits rose another 14% with new money coming in the doors. They pulled a profit of $1.378 billion ($8.92 a share) this quarter.
‘Its assets under management rose 30% to $9.5 trillion, from $7.3 trillion a year earlier, cementing its dominance as the world’s largest money manager,’ according to the WSJ report.
Larry Fink, CEO and Chairman of BlackRock, additionally stated that he believes inflation is not transitory.
I don’t think it’s temporary.
You can read more about what the group is doing, and their hands on the markets, here:
AUTHOR COMMENTARY
[7] The rich ruleth over the poor, and the borrower is servant to the lender. [16] He that oppresseth the poor to increase his riches, and he that giveth to the rich, shall surely come to want.Proverbs 22:7, 16
BlackRock finally got a little mention in the news about a month ago, but that was it. These asset managers, central banks, private equity funds, and so on, are going in and buying everything up to not only keeps the markets from a total collapse, but to buyout this indebted nation so they can own it all. Just as the WEF so pompously says, “You’ll own nothing, and be happy” by 2030: they mean it.
The Great Reset Explained In The Words Of The World Economic Forum
Remember When Trump Spoke At The World Economic Forum With His ‘Good Friend’ Klaus Schwab?
And again, as usual, the factories are slowly down, hundreds of thousands of people keep filing for unemployment; while the media continues to keep pushing this retarded paradigm that the economy is booming. Give me a break. Though most of the broad masses haven’t the foggiest idea as to what is going on, more and more people are starting to realize what is transpiring amidst all this Covid fear.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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