This is not a surprise to many of us. My only question is, "what took so long?"
Sure, Pres. Trump delayed it for four years, but it's been balancing very precariously for decades. It has to fall, there's no where else for it to go.
The writing is on the wall. As more and more people default on their mortgages, car loans and credit card debt, the banks will collapse. They're all FDIC, insured you say? Not if they all fail. In the words of SpongeBob SquarePants, "Well, good luck with that".
How many here actually read their bank's communiqués? My banks sent out text messages asking for client's opinions on closing branches due to the overwhelming shift toward online banking. I voted Hell Yes close a few branches. It saves me money and it's creepy going into my branch being the only client in the place any given day.
As for the housing market, I love to buy distressed homes and then rent them. The future is going to be rentals rentals rentals. Young people think us olds are dumb to put down roots in a bought home. "What if you get a better job in another state?" "What if you fall in love and have kids?" "What if you turn out to not like your neighbors and want to leave?" People under 35 or so don't see home ownership the way that their parents ever did. Owning a home is a burden worse than death to many. Today people buy things with the express intent of planned obsolescence. (Phones, computers, car leasing over car buying.)
These aren't considered problems to anyone but my fellow olds, and like it or not, we're dying off. Let society change to match the wishes of upcoming adults.
That concept would be considerably more valid if it were the young people actually making those decisions. Unfortunately, public screwl edumacted young adults are directed to never engage in "evil" independent thought. They are instructed to follow their commie teacher's line of reasoning, only. The students have no "thoughts". Their idealized economy (no ownership) reflects the commie ideal. They are vapid useful idiots, by and large.
These aren't the notions of young adults, these are the directives issued to students throughout their entire edumacation (not to be confused with a genuine education)
Personally, I abhor communism and fight it each and every chance.
The present global economy MUST collapse and be removed in order for the1 world economy to rise n it's place, just as all current religions, and gov'ts must, for each of their 1 world counterparts to rise in their places; that's what the NWO is about. Of course all that is predicated upon the evil intent of those pushing for that NWO...
On 11/25/2023, economist Daniel Lacalle reported for the Mises Institute: "According to the Federal Reserve, between September 2022 and September 2023, M1 declined from $20.281 trillion to $18.17 and M2 slumped from $21.52 trillion to $20.75. However, total borrowings soared from $20.3 trillion to $22.3 trillion. These $22.3 trillion are the total borrowings by the FDIC banks from the Federal Reserve, including those from the “discount window’s primary, secondary, and seasonal credit programs and other borrowings from emergency lending facilities.”
What does this mean for inflation and the economy? First, the amount of money in the system is not declining, and it is basically soaring to keep the troubled banking system alive. While new credit for families and businesses is dropping, and the cost of debt is rising at alarming rates, but the Fed’s liquidity injections into banks and lenders are at new record levels. That is why inflation is not falling as it should. Yes, money printing for the zombie banks goes on, but the productive sector (private businesses) are not seeing any of it. In fact, the private sector is bearing the entire burden of monetary contraction. Because borrowing from the Fed continues to reach new highs, but it just keeps zombie financial entities (banks) alive."
Remember Ludwig von Mises words: “There is no means of avoiding the final collapse of a boom brought about by credit expansion.” History tells us that we have now reached the point of no return.
I believe that western Europe will take the big hit & be turned into a western extension of the Balkans!
In America & especially the Republican Red States,we will have some problems but will emerge in one piece!For starters we need to get some honest leadership in Government!...I believe that I have some opinions that will show my optimism.
1) Western Europe is dying as a major player on the worlds stage. It can't compete on the world financial stage with the BRICS nations & their Commodities based economies,America can revert back to commodities based finances.....>>2) a very high Fed Reserve Interest rate hurts at home,..But overseas it is a magnet for capital flight from failing places like western Europe's contracting economies!
3) America(with Canada) has the world's largest retail market for consumer products.
Most mid level nations aside from North America & the BRIC'S have no great amount of Commodities to go the same route.They must stay financially solvent by manufacturing raw materials into finished goods & exporting these finished goods to North America.They are locked into the North American market & need to export to North America to survive financially!
Note: every major big ticket auto exporter has an American Subsidiary co. here in the states!
They must have access to the American market. They will accept $Dollars because that is all that is available as payment!...In effect,most of Europe & Latin America are tied financially to the USA
P.S. We will finally be rid of the Anglo American Establishment running Washington & have the Constitution & the Sovereign States of our Federal Republic to fall back to,it won't be chaos!
SOME WIILL MAKE IT// MOST WILL NOT//AMERIKA 5% OF TOTAL WORLD POPULATION OF 8 BILLION, YET CONSUME 25% OF THE WORLD'S TOTAL RESOURCES, CAUSE THEY GLUTTUNOUS FATSOS CONSUMING CONMSIMING NON STOP CONSUMING//SHORT ANSWER, YA'LL GOTTA GO!! THEY ALREADY GENOCIDED/EXTERMINATED SOME 200,000,000 MILLION AMERIKANSKIS WITH THE COVID 19 VAXXZZINE DEADLY BIOWEAPON DEATH SHOT/ THE MRNA WILL KEEP REPLICATINBG INSIDE YOU, YOU WILL NEVER GET RID OF IT//ITS THE FALLEN ANGEL DNA THE BIBLE WWARNS ABOUT//ALL WHO TOOK THE CV 19 VAXXZINE DEATH SHOT TOOK THE "MARK OF THE BEAST"////
Americans did not take the jab. Weak followers took the jab, which was an un-American action. Real Americans constantly question and defy authority, not succumb to it.
HAHHAHHAH! YOU MUST LIVE ON SOME OTHER PLANET!! 200 MILLION BRAIN DEAD AMERIKANSKIS SHEEPLE VOLUNTARILY INJECTED WITH THE NAZI WORLD ORDER (NWO USSA) BIOWEAPON DEATH JAB CV 19//IT REP[LICATES INSIDE OF YOU VIA MRNA, THERE IS NOTHING TO "GET RID OF NOW", ITS LITERALLY PAART OF YOU, INTEGRATED INTO EVERY CELL// GOOD JOB ILLUMINATI, ELIMATING THE AMERIKAN USLESS EATERS WHO JUST CONSUME THE WHOLE PLANET, LEAVE THE REST OF THE WORLD DEAD, IS THE AMERICAN WAY OF LIFE, GOOD RIDDANCE!!
Those might well be US citizens, but have never been and will never be, Americans; they never acquired the spirit of 1776 that makes an American. If you don't understand that difference, it's like not understanding what makes a Christian or a Muslim, as opposed to those who claim the label but have not the underlying power of it! ( That is not to say the power is the same in Christians and Muslims, only that absence of a particular factor in each makes a lie of the claimed label.)
WHAT IS THE HISTORY OFF USSA, INCORPORATED?? YOU DONT KNOW HISTORY// THE 1800'S INTO THE 20TH CENTUREY, THE SOUTH AMERICAN BANANA PLANTATIONS, WAR IS JUST GANGESTERISM/// AMERICA HAS 800 MILITRARY BASES AROUND THE WORLD, U THINK THAT TO "HELP PEOPLE"????? HAHHAH LMA ITS ABOUT RESOURCES// GOLD DIAMONDS OIL//AMERICAN MILITARY USED AS THE GANGSTERS ENFORCERS//USA KILLED 1 MILLION INNOCENT IRAQUIS PEOPLE INVASION OF IRAQ// TO STEAL THE OIL//AMERIKA WICKED TO THE CORE, UNDER GODS JUDGMENTS, HALLALUJAH, PRAISE GOD FOR HIS JUDDGMENTS ARE RIGHTEOUS!
Not to mention a sizable number of its own citizens between 1860 and 1865. Then proceeded to give the country’s sovereignty away in 1870-71 with The Vatican-Crown Corporation Act.
IT'S THE "GREAT RESET" INTO THE VIRTUAL WORLD// VIRTUAL "MONEY" WITH FEDNOW / CBDC//CRYPTO CURRENCY WAS A PLANNED PSYOP TO GET ALL THE FOOLS INTO ACCEPTING "VIRTUAL" CURRENCY , AS SOMEHOW BEING "REAL" HAHHHA LMFAO ROFL//THEY JUST PROGRAMMED YOU SUKKERS INTO THE GOVENRMENT RUN CRYPTO FAKE CURRENCY, WHERE YOU WILL NEED A VIRTUAL GOVERNMENT VERFIED id WITH BIOMETRICS, JUST LIKE ACCESSING YOUR IPHONE!! HAHHHA! STOOPIUD AMERRIKANS, YOU NOW BE 1000% CONTROLLED GOVERNMENT PUPPET//NO FREEDOM NO CHOICE NO NUTHIN!! DO AS WE SAY, BELIBVE AS WELL TELL YOUI TO BELIEVE, OR NO VIRTUAL GOVENRMENTY CRYPTO FAKE ",MOMEY" FOR YOU!!! HHHAHA AMERIANNS DOOMED!!! WATCH AND LEARN// AMERIKA GOING DOWN, DOWN HARD, HARDFER THAN ANYTHING YOU HAVE EVER SEEN!! HAHHAHHAHHAHHAHH ROFL LMFAO////
It is possible to figure out which banks are at the safer end of the spectrum. It takes a bit of effort, but in the end, that effort might pay off.
One example. My primary bank has just 13% of their loan book in CRE. Compare that to PNC, which if I recall correctly, has a loan book with 80%+ CRE exposure. (I’m going from memory).
Second example. My primary bank actually saw increased deposits in Q3, versus most of the other top 20 banks see withdrawals top deposits.
I have no idea what will happen. But a regional bank with a solid balance sheet, low CRE exposure, and increasing deposits is likely to be just fine.
This is not a surprise to many of us. My only question is, "what took so long?"
Sure, Pres. Trump delayed it for four years, but it's been balancing very precariously for decades. It has to fall, there's no where else for it to go.
Onward, Christian soldiers!
The writing is on the wall. As more and more people default on their mortgages, car loans and credit card debt, the banks will collapse. They're all FDIC, insured you say? Not if they all fail. In the words of SpongeBob SquarePants, "Well, good luck with that".
How many here actually read their bank's communiqués? My banks sent out text messages asking for client's opinions on closing branches due to the overwhelming shift toward online banking. I voted Hell Yes close a few branches. It saves me money and it's creepy going into my branch being the only client in the place any given day.
As for the housing market, I love to buy distressed homes and then rent them. The future is going to be rentals rentals rentals. Young people think us olds are dumb to put down roots in a bought home. "What if you get a better job in another state?" "What if you fall in love and have kids?" "What if you turn out to not like your neighbors and want to leave?" People under 35 or so don't see home ownership the way that their parents ever did. Owning a home is a burden worse than death to many. Today people buy things with the express intent of planned obsolescence. (Phones, computers, car leasing over car buying.)
These aren't considered problems to anyone but my fellow olds, and like it or not, we're dying off. Let society change to match the wishes of upcoming adults.
That concept would be considerably more valid if it were the young people actually making those decisions. Unfortunately, public screwl edumacted young adults are directed to never engage in "evil" independent thought. They are instructed to follow their commie teacher's line of reasoning, only. The students have no "thoughts". Their idealized economy (no ownership) reflects the commie ideal. They are vapid useful idiots, by and large.
These aren't the notions of young adults, these are the directives issued to students throughout their entire edumacation (not to be confused with a genuine education)
Personally, I abhor communism and fight it each and every chance.
Onward, Christian soldiers!
The present global economy MUST collapse and be removed in order for the1 world economy to rise n it's place, just as all current religions, and gov'ts must, for each of their 1 world counterparts to rise in their places; that's what the NWO is about. Of course all that is predicated upon the evil intent of those pushing for that NWO...
THE FINANCIAL SYSTEM HAS REACHED THE END
On 11/25/2023, economist Daniel Lacalle reported for the Mises Institute: "According to the Federal Reserve, between September 2022 and September 2023, M1 declined from $20.281 trillion to $18.17 and M2 slumped from $21.52 trillion to $20.75. However, total borrowings soared from $20.3 trillion to $22.3 trillion. These $22.3 trillion are the total borrowings by the FDIC banks from the Federal Reserve, including those from the “discount window’s primary, secondary, and seasonal credit programs and other borrowings from emergency lending facilities.”
What does this mean for inflation and the economy? First, the amount of money in the system is not declining, and it is basically soaring to keep the troubled banking system alive. While new credit for families and businesses is dropping, and the cost of debt is rising at alarming rates, but the Fed’s liquidity injections into banks and lenders are at new record levels. That is why inflation is not falling as it should. Yes, money printing for the zombie banks goes on, but the productive sector (private businesses) are not seeing any of it. In fact, the private sector is bearing the entire burden of monetary contraction. Because borrowing from the Fed continues to reach new highs, but it just keeps zombie financial entities (banks) alive."
Remember Ludwig von Mises words: “There is no means of avoiding the final collapse of a boom brought about by credit expansion.” History tells us that we have now reached the point of no return.
That was 🔥!
In Florida,
I believe that western Europe will take the big hit & be turned into a western extension of the Balkans!
In America & especially the Republican Red States,we will have some problems but will emerge in one piece!For starters we need to get some honest leadership in Government!...I believe that I have some opinions that will show my optimism.
1) Western Europe is dying as a major player on the worlds stage. It can't compete on the world financial stage with the BRICS nations & their Commodities based economies,America can revert back to commodities based finances.....>>2) a very high Fed Reserve Interest rate hurts at home,..But overseas it is a magnet for capital flight from failing places like western Europe's contracting economies!
3) America(with Canada) has the world's largest retail market for consumer products.
Most mid level nations aside from North America & the BRIC'S have no great amount of Commodities to go the same route.They must stay financially solvent by manufacturing raw materials into finished goods & exporting these finished goods to North America.They are locked into the North American market & need to export to North America to survive financially!
Note: every major big ticket auto exporter has an American Subsidiary co. here in the states!
They must have access to the American market. They will accept $Dollars because that is all that is available as payment!...In effect,most of Europe & Latin America are tied financially to the USA
P.S. We will finally be rid of the Anglo American Establishment running Washington & have the Constitution & the Sovereign States of our Federal Republic to fall back to,it won't be chaos!
SOME WIILL MAKE IT// MOST WILL NOT//AMERIKA 5% OF TOTAL WORLD POPULATION OF 8 BILLION, YET CONSUME 25% OF THE WORLD'S TOTAL RESOURCES, CAUSE THEY GLUTTUNOUS FATSOS CONSUMING CONMSIMING NON STOP CONSUMING//SHORT ANSWER, YA'LL GOTTA GO!! THEY ALREADY GENOCIDED/EXTERMINATED SOME 200,000,000 MILLION AMERIKANSKIS WITH THE COVID 19 VAXXZZINE DEADLY BIOWEAPON DEATH SHOT/ THE MRNA WILL KEEP REPLICATINBG INSIDE YOU, YOU WILL NEVER GET RID OF IT//ITS THE FALLEN ANGEL DNA THE BIBLE WWARNS ABOUT//ALL WHO TOOK THE CV 19 VAXXZINE DEATH SHOT TOOK THE "MARK OF THE BEAST"////
Americans did not take the jab. Weak followers took the jab, which was an un-American action. Real Americans constantly question and defy authority, not succumb to it.
Onward, Christian soldiers!
HAHHAHHAH! YOU MUST LIVE ON SOME OTHER PLANET!! 200 MILLION BRAIN DEAD AMERIKANSKIS SHEEPLE VOLUNTARILY INJECTED WITH THE NAZI WORLD ORDER (NWO USSA) BIOWEAPON DEATH JAB CV 19//IT REP[LICATES INSIDE OF YOU VIA MRNA, THERE IS NOTHING TO "GET RID OF NOW", ITS LITERALLY PAART OF YOU, INTEGRATED INTO EVERY CELL// GOOD JOB ILLUMINATI, ELIMATING THE AMERIKAN USLESS EATERS WHO JUST CONSUME THE WHOLE PLANET, LEAVE THE REST OF THE WORLD DEAD, IS THE AMERICAN WAY OF LIFE, GOOD RIDDANCE!!
Those might well be US citizens, but have never been and will never be, Americans; they never acquired the spirit of 1776 that makes an American. If you don't understand that difference, it's like not understanding what makes a Christian or a Muslim, as opposed to those who claim the label but have not the underlying power of it! ( That is not to say the power is the same in Christians and Muslims, only that absence of a particular factor in each makes a lie of the claimed label.)
WHAT IS THE HISTORY OFF USSA, INCORPORATED?? YOU DONT KNOW HISTORY// THE 1800'S INTO THE 20TH CENTUREY, THE SOUTH AMERICAN BANANA PLANTATIONS, WAR IS JUST GANGESTERISM/// AMERICA HAS 800 MILITRARY BASES AROUND THE WORLD, U THINK THAT TO "HELP PEOPLE"????? HAHHAH LMA ITS ABOUT RESOURCES// GOLD DIAMONDS OIL//AMERICAN MILITARY USED AS THE GANGSTERS ENFORCERS//USA KILLED 1 MILLION INNOCENT IRAQUIS PEOPLE INVASION OF IRAQ// TO STEAL THE OIL//AMERIKA WICKED TO THE CORE, UNDER GODS JUDGMENTS, HALLALUJAH, PRAISE GOD FOR HIS JUDDGMENTS ARE RIGHTEOUS!
Not to mention a sizable number of its own citizens between 1860 and 1865. Then proceeded to give the country’s sovereignty away in 1870-71 with The Vatican-Crown Corporation Act.
IT'S THE "GREAT RESET" INTO THE VIRTUAL WORLD// VIRTUAL "MONEY" WITH FEDNOW / CBDC//CRYPTO CURRENCY WAS A PLANNED PSYOP TO GET ALL THE FOOLS INTO ACCEPTING "VIRTUAL" CURRENCY , AS SOMEHOW BEING "REAL" HAHHHA LMFAO ROFL//THEY JUST PROGRAMMED YOU SUKKERS INTO THE GOVENRMENT RUN CRYPTO FAKE CURRENCY, WHERE YOU WILL NEED A VIRTUAL GOVERNMENT VERFIED id WITH BIOMETRICS, JUST LIKE ACCESSING YOUR IPHONE!! HAHHHA! STOOPIUD AMERRIKANS, YOU NOW BE 1000% CONTROLLED GOVERNMENT PUPPET//NO FREEDOM NO CHOICE NO NUTHIN!! DO AS WE SAY, BELIBVE AS WELL TELL YOUI TO BELIEVE, OR NO VIRTUAL GOVENRMENTY CRYPTO FAKE ",MOMEY" FOR YOU!!! HHHAHA AMERIANNS DOOMED!!! WATCH AND LEARN// AMERIKA GOING DOWN, DOWN HARD, HARDFER THAN ANYTHING YOU HAVE EVER SEEN!! HAHHAHHAHHAHHAHH ROFL LMFAO////
It is possible to figure out which banks are at the safer end of the spectrum. It takes a bit of effort, but in the end, that effort might pay off.
One example. My primary bank has just 13% of their loan book in CRE. Compare that to PNC, which if I recall correctly, has a loan book with 80%+ CRE exposure. (I’m going from memory).
Second example. My primary bank actually saw increased deposits in Q3, versus most of the other top 20 banks see withdrawals top deposits.
I have no idea what will happen. But a regional bank with a solid balance sheet, low CRE exposure, and increasing deposits is likely to be just fine.
Services which serve human are being used negatively. Vaccine is one example.