Capital One The First Big Bank Bailout Over Oil Crash! 11% Of US Restaurants Could Close Permanently (Video)
Capital One The First Big Bank Bailout Over Oil Crash! 11% Of US Restaurants Could Close Permanently Video by Silver Report
This is getting serious as Capital one becomes the first big bank to receive a secret bailout from the CFTC to prevent serious undo disruptions. The price of oil has crashed over 50% and many don’t know it has had serious support from the US filling their strategic oil reserves.
That’s the biggest problem, we’ve almost reached full capacity and the world is still flooded with oil. Demand is the more concerning issue because for much of the US people have been spending more time at home. 11% of restaurants in the US could be closed in the next 30 days after demand collapsed for much of the same reason. More people are avoiding restaurants and there could be a number of factors at play here that is causing the decline, it’s possible with such a large increase of grocery shopping combined with the desire to avoid public places as much as possible could be front running the drop. 3% have already closed permanently and more than 40% have temporarily closed shop.