US household debt has now hit levels back in 2008. More debt is good for the bankers not for the people. Loan demand is down and credit has recently crashed. Mortgage application have declined again during the hot season for real estate. Central bankers are continually trying to explain why the recovery has not taken off, this time it is because the older generation is hoarding their savings. US Government officials have said they have been calculating the GDP incorrectly and it should be at least .4% higher. They are trying everything to re-manipulate the numbers to make the economy look better than it really is. Bill Blain says the stock market is up and there is really no reason for it be this high, everyone is expecting a correction.
Central Bankers Are Now Trying To Explain Away The Collapse - Episode 1282a
7 years ago by x22report (75)
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This is a must listen to podcast for those wondering what's really going on politically, economically and geopolitically. Great to have you posting your info on steemit
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x22Report you are here!!! I always enjoy your talks.
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Right on point as always Dave! I've been getting prepared since 2012 when I started hearing from people I work with tell me 8 people just got laid off in Mechanisms and 7 people over in Propulsion and so on. The company was so hush hush, no articles on the company website and nothing in the local papers until I saw an article in the Daily Breeze a year later. Since 2012 to present we have had layoffs every year. The company now has at least reduced the work force by 50%. Yes, the economy is really that bad.
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in my opinion a controlled demolition of the global system is nearly impossible since no one has an idea of how debt saturation looks like on an exponential scale - I hope this crap hits the proverbial fan as soon as possible - like always; thanks Dave
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I hope the crap doesn't hit the fan too hard - think of all the homeless unemployed desperate people this will create!
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It will suck very hard, but longer we keep this up, the worse it will be when it collapses. We just need to be ready to dismantle the Fed and hang the bankers.
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Hey vuduy3rd the sooner the better and it appears it is rapidly approaching. Yep Cannuck and we are going to be hit hard. I wonder why they call it America?
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Isn't the stock market high because of money printing. What happens when debt is massively defaulted on. Won't money disappear resulting in deflation and then helicopter money?
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Welcome Dave, THE geopolitical apocalypse spokesperson!
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Those stingy, selfish old people, hoarding money to be able to pay for their medical expenses and prescriptions.
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Thanks for coming to Steemit, Dave! I've been a listener for about a year now and continue to listen daily.
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Took your advice Dave and came over to check out Steemit. Wishing much success over here!
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So much fakery and illusion. The central banks must collapse to save our civilization. They make bernie madoff look like a street panhandler. Where is all the outrage? At trump? Man we have a big mountain of hell coming
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hi dave, glad to see you here. i will be following. follow me @antv
alternative news tv
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Well down here on the ocean floor the desperation has leveled off some. people are finding their hole to stay in. They are finding ways to get along besides checks in the mail and assistance. Selling dope is easier because the small timer isn't getting messed with as much because the low end powers that be are in on it also. So now you have a layer of "Scum" as it were thickening down here. the ones just above us are finding out that they may want to butt nudge in with us in the mud or they will find themselves in the current and get swept away.
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And they all just laugh and give pats on the back for a "job well done". Soulless individuals who allowed greed to corrupt their hearts. America will be unrecognizable for our children as we have allowed these parasites to squander, pillage and destroy wealth and freedom. We MUST rise up. There is power in numbers and it's time they realize that we do not need them governing our lives anymore.
The impending collapse will be absolutely horrible. I pray you've all prepared......
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I have been a subscriber on Youtube so glad that you are here!!! No holds barred. I love the truth and am willing to follow wherever I can find it. I believe that you are speaking to the choir here so until you are totally shut down on youtube please keep up the good work!! There are many there that still need to "wake up". I hope it is not too late for sleeping people. I know there will be a time when it will be. I am of the older generation. No it is a matter of survival hun.. Not hoarding. We also have plans of leaving something to our children. We all ; as parents want better for our children than we had regardless of financial situation. The problem is a shrinking population that is supposed to help pay the pension plan. What a scheme hey. I have no pension to look forward to. I know that, tail end of the boomers. On top of that have lived through the past collapses. Tired now sigh. But better forewarned and now I am forearmed! So very glad that even though it is late I am learning quickly!! Thank you
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Central bankers way of robbing the wealth from the people. Unfortunately to many people don't realize this. Keep it up Dave keep spreading the word.
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Dave,
So glad to see your work on Steemit! I've been commuting with you in the background for the last 4 years. Awesome job.
@wakeupsheeps
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In Canada, when the shtf, I am going to protect my family with a stick!
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I have watched X-22 on you-tube for about a year now, But am tired of Google and you-tube deciding what is best for me, and shutting down factual real information that does not fit with there narrative.
Thank you Dave, because you told me about steemit in your videos I am now a new subscriber to steemit....
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I see the lunatics are still living in cloud cuckoo land as they destroy the world
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What is most frightening is that at least 95% of the western population still trusts in all of this economic data that is put out by MSM.
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As always they will not let the herd know until it's too late. Same game for them as always.... this is so sad. I can't help but to feel depressed how screwed up thi world has become...even though I'm an optimistic person.
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