There are credible economic analysists who project the interest payment on the national debt of $32.5 trillion will exceed $1.2 trillion in 2024, not official estimates of approximately $600 billion. The United States is bankrupt and there is no solution other than a default by the federal government; either in default by hyperinflation via QE or actual failing to honor outstanding/maturing federal treasuries.
Therefore, if you haven't made your peace with God through the death, burial and resurrection of Jesus Christ, you need to rethink that decision. Time is short and the only pathway through the soon-coming "Great Tribulation" is to confess Jesus with your mouth and keep the Ten Commandments. It is now a spiritual battle, there is no hope in fallen man.
You certainly are not wrong: I have a theory that by the FED/Treasury using the new BRICS gold backed currency as rationale and a threat to the US Dollar as the global reserve currency; the Leviathan (Us Govt.) will confiscate all of the privately held gold in the US (Think FDR's Executive Order #6102 - Jan. 30, 1934) and use the people's stolen gold to back the new Central Bank Digital Currency (CBDC).
Places like Oakland and San Francisco in California have become hotbeds for homelessness, as people living on the streets are like ‘drug tourists’ who arrive to have easy access to narcotics.
If this is what the new American Dream is, God help us all. Satan is winning people and will continue to unless we find ourselves (and God) again.
That is actually wonderful news that the investor purchases of homes is way down!!! Finally!! I think investors, especially the big guys, should be banned from real estate anyway. They are the ones who have made home ownership out of reach for the young.
Actually its not good news. It may be they see signs this will totally collapse soon and stepping back to watch the crash and then get back at rock bottom prices and buy up everything.
Yep. I just lost my job working for a woman who sold monogrammed Turkish towels online. I ran her embroidery machine and it was the BEST job I ever had. She closed up shop on September 1st. FJB! (The irony is, she is a total, blind liberal and she thought that Trump was “untrustworthy”. Give me a break!)
We are not just facing a looming recession, or even a great depression, but a full blown meltdown of our whole economy. There are so many bubbles about to pop that it makes my head spin. Of course there is the housing, credit, unemployment, federal debt and inflation situations. Naturally, the banks are struggling. They are getting 2 or 3 percent on their existing mortgages, and paying 5 or 6 percent on deposits. With all of the loans defaulting, how is that sustainable?
In addition, the stock market is teetering on the brink of disaster. Micheal Burry ("The Big Short") just bet 1.6 billion (with a "B") dollars that it will crash. What does he know that we don't?
If that wasn't bad enough, the BRICS nations announced a couple of weeks ago that they are creating a gold backed currency to use for international trade, instead of the US dollar. If you think inflation is bad now, just wait until trillions of nearly worthless bucks come pouring back into the country. Last, but not least, there exists a 632 TRILLION dollar derivatives market. No, that's not a typo. As far as I can figure out, a derivative is much like making a bet that something will go up or down. Please correct me if I'm wrong. The point is, it's completely fabricatedout of thin air (kinda like crypto). It will burst. Then the proverbial peanut butter will really hit the fan.
What galls me the most, is watching Biden on TV, bragging about how wonderful his Bidenomics is, and how grateful we should be. What a turd faced liar! I liken him to Nero, who fiddled while Rome burned. C'mon man!
I have one back up plan. I moved my entire IRA into silver. The metals are stored in a heavily guarded and secured vault and insured by Lloyd's of London. Historically, when everything else turns to manure, precious metals, not only retain their value, but actually increase. Otherwise, I'll be up a creek without a paddle like everyone else. Misery loves company, right?
I pray that God will protect and provide for all us.
The Dirivatives Market is like buying insurance on your home. But so many contracts have written, 600 trillion here, globally its over aquadrillion. 10 times the global GDP. When this goes down there will only a penny on the dollar to collect and everyone goes belly up.
Everything at the BRICS meeting was proposals. They have not said how much gold they have to back loans, they have not decided what their new currency will be, they do not have a global banking system to rival the BIS system. This is years off. That's why the west wants war now. That will collapse everyone, including China who is already doomed economically. We are trying to get India to pull out and go back to the IMF BIS system. If that happens BRICS is doomed.
There are credible economic analysists who project the interest payment on the national debt of $32.5 trillion will exceed $1.2 trillion in 2024, not official estimates of approximately $600 billion. The United States is bankrupt and there is no solution other than a default by the federal government; either in default by hyperinflation via QE or actual failing to honor outstanding/maturing federal treasuries.
Therefore, if you haven't made your peace with God through the death, burial and resurrection of Jesus Christ, you need to rethink that decision. Time is short and the only pathway through the soon-coming "Great Tribulation" is to confess Jesus with your mouth and keep the Ten Commandments. It is now a spiritual battle, there is no hope in fallen man.
It's always been a spiritual war. It started in Genesis.
The FED with the Treasury Dept are planning to deliberatly default but are waiting for thr right events to blame the default on.
You certainly are not wrong: I have a theory that by the FED/Treasury using the new BRICS gold backed currency as rationale and a threat to the US Dollar as the global reserve currency; the Leviathan (Us Govt.) will confiscate all of the privately held gold in the US (Think FDR's Executive Order #6102 - Jan. 30, 1934) and use the people's stolen gold to back the new Central Bank Digital Currency (CBDC).
Places like Oakland and San Francisco in California have become hotbeds for homelessness, as people living on the streets are like ‘drug tourists’ who arrive to have easy access to narcotics.
If this is what the new American Dream is, God help us all. Satan is winning people and will continue to unless we find ourselves (and God) again.
That is actually wonderful news that the investor purchases of homes is way down!!! Finally!! I think investors, especially the big guys, should be banned from real estate anyway. They are the ones who have made home ownership out of reach for the young.
Actually its not good news. It may be they see signs this will totally collapse soon and stepping back to watch the crash and then get back at rock bottom prices and buy up everything.
Yep. I just lost my job working for a woman who sold monogrammed Turkish towels online. I ran her embroidery machine and it was the BEST job I ever had. She closed up shop on September 1st. FJB! (The irony is, she is a total, blind liberal and she thought that Trump was “untrustworthy”. Give me a break!)
We are not just facing a looming recession, or even a great depression, but a full blown meltdown of our whole economy. There are so many bubbles about to pop that it makes my head spin. Of course there is the housing, credit, unemployment, federal debt and inflation situations. Naturally, the banks are struggling. They are getting 2 or 3 percent on their existing mortgages, and paying 5 or 6 percent on deposits. With all of the loans defaulting, how is that sustainable?
In addition, the stock market is teetering on the brink of disaster. Micheal Burry ("The Big Short") just bet 1.6 billion (with a "B") dollars that it will crash. What does he know that we don't?
If that wasn't bad enough, the BRICS nations announced a couple of weeks ago that they are creating a gold backed currency to use for international trade, instead of the US dollar. If you think inflation is bad now, just wait until trillions of nearly worthless bucks come pouring back into the country. Last, but not least, there exists a 632 TRILLION dollar derivatives market. No, that's not a typo. As far as I can figure out, a derivative is much like making a bet that something will go up or down. Please correct me if I'm wrong. The point is, it's completely fabricatedout of thin air (kinda like crypto). It will burst. Then the proverbial peanut butter will really hit the fan.
What galls me the most, is watching Biden on TV, bragging about how wonderful his Bidenomics is, and how grateful we should be. What a turd faced liar! I liken him to Nero, who fiddled while Rome burned. C'mon man!
I have one back up plan. I moved my entire IRA into silver. The metals are stored in a heavily guarded and secured vault and insured by Lloyd's of London. Historically, when everything else turns to manure, precious metals, not only retain their value, but actually increase. Otherwise, I'll be up a creek without a paddle like everyone else. Misery loves company, right?
I pray that God will protect and provide for all us.
The Dirivatives Market is like buying insurance on your home. But so many contracts have written, 600 trillion here, globally its over aquadrillion. 10 times the global GDP. When this goes down there will only a penny on the dollar to collect and everyone goes belly up.
Everything at the BRICS meeting was proposals. They have not said how much gold they have to back loans, they have not decided what their new currency will be, they do not have a global banking system to rival the BIS system. This is years off. That's why the west wants war now. That will collapse everyone, including China who is already doomed economically. We are trying to get India to pull out and go back to the IMF BIS system. If that happens BRICS is doomed.