Moody's warns that the private label credit cards are going to be in trouble as more and more retail stores close. Q1 GDP was revised to an incredible 1.4.
What made GDP surge, the spending on recreational vehicles. Banks begin to buy back there own stocks, this is not going to help the economy. The Treasury will run out of money by mid-October.
Fed Ballard says the Fed has lost control of the market. Traders are worried about what Yellen says. The central banks are working with each to crash the system.
Cant wait for the collapse
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Every few years the system just happens to crash. Then the 1% just happen to buy in at the lower stock value. Then stock values rise and the money comes back. Just like a crop. As unpleasant as it is it's been going on for centuries.
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Toyhaulers are better then RV's in terms of space & storage.
I've been reviewing T.H.'s for maybe 15 months now as a
solution to SHTF. But I doubt you can blaim the banks problems
preppers moving into RV's.
Love your vid's, have watched them since your beginning.
I remember when you hit 100 and the spotlight didn't even exist.
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Bring it on Please!
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they are smart enough to know that they are crashing each other?
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They are definitely pushing us that way giving key words like I don't expect a down turn during my lifetime (Janet the felon Yellon) right. Its almost comical that she has to tell all the dummies that aren't paying attention everything will be alright when we all know better. The numbers don't lie but people are going around like it is and they will be walking right into there burning house.
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Looks like the ECB and BOE want to be the next to raise. With commodity prices so low, i don't see what's the rush.
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i think Banks think only in the interest of their owners
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Thanks for your excellent work. The crash and the resultant recession is an unfortunate part of a Keynsian economic model. It would be great to see cryptocurrencies take advantage of the pending collapse, and make a change for good, and for the good!
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why would they be wanting to crash the system, wouldn't they be hurting themselves?
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They are highly leveraged in debt. Crash the system, eliminate the debt.
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Great report, let's hope for a final financial reset. It will be the last reset, cause it will either be either the (forced) breakthrough of centralised blockchain tech or decentralised blockchain controlled by the citizens of the world.
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This post has been ranked within the top 25 most undervalued posts in the first half of Jun 30. We estimate that this post is undervalued by $58.86 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jun 30 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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I've been listening to the X22 Report for years. It does a wonderfully comprehensive job going over economics and geopolitical indicators. Thanks for sharing!
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Things have changed in this country. We have a tale of two nations, presently, -- a top & a bottom. The Chair of the Fed is part of the top nation and serves its interest. I don't think that the Fed is trying to crash the economy; rather, it is promoting its national interests, which is not the national interest of most Americans. At the time of the debate about enacting the Federal Reserve Act of 1913, Senator Lindbergh denounced its creation as the "greatest money trust the world has ever seen." In the digital age the potential money creation is infinite. The Fed seeks to impose on the world this "blessing" - probably through treaties. It isn't concern who makes cars, et al, or where they make them; it is concerned primarily with being at the center of credit creation for the world. To manage this, it will need allies, which will be procured through treaties. Behind Putin is a large, lurking communist party. Xin operates in a communist country. Europe s mostly socialist. America's culture has become Marxist. Its policies have been and are generally socialist. With a mass of poorly educated, drug-oriented lumpenproletariat, the leadership of the top nation need not fear revolution. They are bringing America into a world revolution where Western monopolies and cartels join the "dictatorship of the proletariat" (increasingly robotic workers) in the operation of a global command economy. Therefore, during the transition period from masses of people to robots & AI, the humane comrade leadership will simply pay everyone of the people in bottom nation (and world) an annual stipend. It would be a global social security that began at birth. For the sake of natural resources, recipients of stipends must agree to abide by top nation's decisions about whether they will be allowed to have children and how many. Education for the masses will probably be via television. Interactive programs would allow the education system to evaluate a given person's aptitudes and abilities. From this the persons future will be decided. All this is more plausible than any meaningful rebellion of the proletariat/lumpenproletariat against the "shotcallers" of top nation, who control the military/police machinery. The Fed can create digital credit-money infinitely. The great banks, the great corporations, the major media, the great universities, et al, will do just fine, although consolidations may occur. It can buy any toxic debt, segregate it, and bury it --- or just quietly delete it. The people in bottom America, or in the bottom world, won't have "two quarters to rub together," quoting the cynical appraisal of Nelson Rockefeller re Goldwater conservatives. Many people in bottom America will slowly vanish, like a man trapped in quicksand. The dictatorship will remain, and the Fed will happily provide it with the credits it needs to build the workers' paradise.
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