The FedNow Service is launching in July and will be the backbone for a CBDC which will soon follow.
FedNow Service To Launch In July – GOODBYE FREEDOM
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Author Archives: Bone Fish
Mistakes Were Not Made – A Reminder To Never Allow a Way Out For The Perpetrators
Ron DeSantis Speech: “No CBDC Allowed In Florida”
CBDC is the single biggest threat to freedom in America.
Dave Walsh – Plenty of Takers For $40+ Per Barrel Russian Oil
“Russia is producing 93% of pre-war production despite collective west sanctions”.
March 16, 2023:
$68.34 – Crude Oil WTI (NYM $/bbl) Front Month
$74.71 – Brent Crude Oil Continuous Contract
How are Americans benefiting from paying ~70% more for energy than Russia’s customers?
If SVB Was Insolvent, So Is Everyone Else
(Simon Black) On Sunday afternoon, September 14, 2008, hundreds of employees of the financial giant Lehman Brothers walked into the bank’s headquarters at 745 Seventh Avenue in New York City to clear out their offices and desks.
Lehman was hours away from declaring bankruptcy. And its collapse the next day triggered the worst economic and financial devastation since the Great Depression.
Nancy Pelosi and The Rise of Silicon Valley Bank
Here’s an interesting fact: Greg Becker, SVB CEO, sold 3.6 million dollars of company stock less than two weeks before it all went down.
“Expect Mass Layoffs…” – The Real-World Impact Of Silicon Valley Bank’s Failure
(ZeroHedge) For most people in America, the news that a ‘bank in Silicon Valley’ has failed will be forgotten quicker than a story about soaring shoplifting in their local supermarket.
It shouldn’t.
Reality is that the contagion of the shuttering of the 18th largest bank in the US are widespread.
SVB is in fact the second largest (by assets) bank failure in US history after WaMu.
RIP Silicon Valley Bank: Shut Down by California Regulator, Taken Over by FDIC, Shareholders Bailed In, Insured Depositors to Get their Cash by Monday
The bank survived the Dotcom Bust. But this bust is far bigger because the Free-Money bubble was far bigger. FDIC may not have a loss on this deal.
SVB Was The 2nd largest bank failure behind WaMu in US History (https://en.wikipedia.org/wiki/List_of_largest_U.S._bank_failures)
(Wolf Richter) Silicon Valley Bank, a California state-chartered bank that was uniquely exposed to the massive all-encompassing startup bubble during the Free Money era – a bubble that is now imploding spectacularly amid what is called a mass extinction event among startups – was shut down and taken over Friday morning by the California Department of Financial Protection and Innovation (DFPI). In its press release, the regulator cited “inadequate liquidity and insolvency.”
The War for the Dollar is Over Part II: The Fly or the Windshield?
(Tom Luongo) In part I of this series I told you the war over the US dollar was over because the bane of domestic monetary policy, Eurodollar futures, lost the battle with SOFR, the new standard for pricing dollars.
The Lancet Concedes: Vaccines Are NOT More Effective Than Natural Immunity
(Raw Egg Nationalist) Natural immunity is just as effective – if not more so – at protecting against COVID-19 Big Pharma vaccines, admits a new study in the Lancet medical journal. The about-face from the 200-year-old publication comes at the same time as the sudden change of heart amongst authorities regarding the origins of the virus.
Canadian January YoY Consumer Insolvency Filings Up 33.7%, Business Insolvencies Up 55.4%
Unfinished High-Rises Coming Down In China
Should have flown airplanes into them so they just drop straight down into their own footprint.
US January YoY Home Sales Down Record 37%, Median Price Up 1.5%, Lowest Since 2012
Existing home sales had fallen for a record 11 straight months ahead of this morning’s print for January, which consensus expected to reveal a 2% MoM rebound. However, existing home sales for January actually tumbled 0.7% MoM (well below the 2.0% jump expected) and the record 12th straight monthly decline with December’s 1.5% decline actually revised even worse to -2.2% MoM…
San Francisco Bay Area Housing Market Crashes, Prices Plunge 35% from Crazy Peak: Where’s Demand Supposed to Come From?
In the first 10 months of Housing Bust 2 (now), the median price plunged a lot faster than in the first 10 months of Housing Bust 1 (2007-11).
Thai Princess Bajrakitiyabha In Coma After Pfizer COVID Shots – Nullifies Contract With Pfizer
(Health Impact News) Clayton Morris reports on a video in which Dr. Sucharit Bhakdi, a German-Thai microbiologist, describes going to Thailand and informing the royal family that the health issues the Princess Bajrakitiyabha is experiencing have been caused by the COVID vaccines she received.
Dr. Bhakdi claims that officials in Thailand are upset, and are taking actions to nullify their contract with Pfizer and will seek billions of dollars in compensation for damages.
Aluminum Snow: Lab Test Confirmed
Geoengineering Watch will start to release as of yet unseen footage from the filming of The Dimming, this is the first installment. Aluminum nanoparticle fallout from climate engineering operations are building up in our snow, soils and runoff waters, the levels are far beyond alarming. Lab test results of snow from the side of Northern California’s Mt. Shasta are a truly shocking example. Continue reading
Factions, Incentives and Temporary Allies
“You can’t replicate success by getting the right answer for the wrong reasons”
– Tom Luongo, from 2:14
Pfizer Vaccine Director Chimps Out (video)
However, if you love your WEF vaccine schedule, keep your WEF vaccine schedule.
Pfizer Admits How They Poison Us For Profit (video)
(ZeroHedge) A high-level Pfizer employee was caught on undercover camera by Project Veritas when he inadvertently dropped several bombshells which we’re confident will be subject to extreme damage control over the coming weeks.
Jordon Trishton Walker, Pfizer’s Director of R&D, Strategic Operations – and an mRNA Scientific Planner, said that the company is exploring a way to “mutate” COVID via “Directed Evolution” in order to anticipate new strains for their Covid-19 vaccine.
Swift Ends Cryptocurrency Access to Global Marketplace
(Martin Armstrong) SWIFT will no longer process currency transactions from bank accounts to crypto exchange, with a value of fewer than 100,000 USD, effective February 1st, 2023. The move is designed to reduce the access of crypto investors which is a step toward what I have been warning that governments will NOT allow private cryptos to compete. Continue reading
The Guy Who Finds Million Dollar Mansions for TikTok Stars
Cash-flush influencers with iffy credit turn to this twentysomething L.A. realtor to snag their dream cribs
IN THE HOUSE Sorrentino with clients and TikTok sensations the Moy Boys. (PHOTO COURTESY JONNY SORRENTINO)
(Tara Weingerten) The ginormous Bel-Air mansion that once might have housed a studio chief is these days just as likely to be the home of a teenage TikTok superstar.
Must Watch: FDIC Bankers Discuss ‘Bail-Ins’ To Deal With Approaching Market Collapse
Federal Deposit Insurance Corporation (FDIC) officials recently discussed how to deal with the next approaching market collapse and hide alarming data from depositors to prevent bank runs, video of a meeting shows.
Top Australian Doctor, Vaxx Advocate Breaks Silence – Says Doctors are Censored – Reveals She and Wife Both Suffer Serious Quackccine Shot Injuries
Former Australian Medical Association President Dr. Kerryn Phelps has finally broken her silence about the “devastating” side effects she and her wife experienced after receiving the Covid vaccine. She criticized regulators for their attempts to control the public by threatening the doctors.
Professor Kerryn Phelps was an outspoken advocate of mass Covid vaccinations for both adults and kids.
She participated in multiple interviews and panels pushing the vaccine.
Ameriquest Mortgage Classic ”Don’t Judge Too Quickly, We Won’t” Commercials
If you find yourself in an awkward situation and somebody else is there to witness it, you hope they aren’t too quick to judge. Ameriquest Mortgage Company thankfully went out of business but they left us with a series of funny ads to enjoy. If you find yourself in an awkward situation always try to find the humor.
Wells Fargo Ordered To Pay $3.7 Billion Over Widespread Illegal Activity
Wells Fargo has been ordered to pay $3.7 billion by the Consumer Financial Protection Bureau (CFPB) for a variety of illegal activity, including wrongfully foreclosing on homes, illegally repossessing vehicles, incorrectly assessing fees and interest, and charging surprise overdraft fees.
The activity affected more than 16 million consumer accounts.
Infant Given Vaccinated Blood Dies From Massive Clot
The clot ran from his knee all the way to his heart.
FDA now says Pfizer’s C0VID Jabs
Linked to Clots
Con Job: Fed Admits Gov’t Job Estimates too High by Over 1-Million, which Means Serious Peril!
(David Haggith) Having written that Powell’s Peril Lies in the Languishing Labor Market and that we are Fed up and Under-Fed All at the Same Time because Everyone Sings the “Strong Labor Market” Tune in Unison … and They’re All DEAD Wrong, I finally get some VINDICATION! Major vindication!
Redfin Reports November Asking Rents Post Smallest Annual Increase in 15 Months
Rents are growing at half the pace they were in the summer and are expected to keep cooling, which should help bring down overall inflation
UK Prepares Central Bank Digital Currency Reset
The de facto head of His Majesty’s Treasury announced this week that the Bank of England has begun consultations on implementing a Central Bank Digital Currency (CBDC) that could usher in the globalist vision of a cashless society in which all transactions are traceable by the government.
Nigeria Limits ATM Withdrawals to $45 Per Day to Force Adoption of CBDC
Dr. Ryan Cole issues warning…
Dr. Ryan Cole
“That spike protein, literally causing the lymphocytes to chew a hole in the aorta, when that ruptures, you’re gone in minutes.”pic.twitter.com/M877q7qQ4T
— Citizen Free Press (@CitizenFreePres) December 7, 2022
Ruptured aorta can result from the spike protein in mRNA injection.
About 1 In 12 Mortgaged Homes Purchased in 2022 Have Already Slipped Underwater
A clear bifurcation of risk emerged between mortgaged homes purchased relatively recently versus those bought early in or prior to the pandemic: Black Knight
(Connie Kim) Home price corrections exposed a growing pocket of equity risk concentrated among purchase mortgages originated in 2022, Black Knight said in its latest mortgage monitor report. Of all homes purchased with a mortgage in 2022, 8% are now at least marginally underwater.
Of the 450,000 underwater borrowers at the end of the third quarter, nearly 60% of the mortgages originated in the first nine months of 2022, according to Black Knight. In total, 5% of all mortgages originated so far this year are now marginally underwater, with another 20% in low equity positions.
Treasury Withholds 148 Biden Crime Family SARs Reports From Congressional Investigators
Reversal of Long-Standing Policy Keeps Key Documents on Hunter Biden’s Business From Congress
(Mark Tapscott) Congressional investigators are being denied access to 148 Suspicious Activity Reports (SARs) filed with the Department of the Treasury by banks concerning the financial dealings of President Joe Biden’s son, Hunter, and brother, Jim, according to expected incoming House Judiciary Committee Chairman Jim Jordan (R-Ohio).
“Most Americans have never heard the term ‘Suspicious Activity Reports.’ These are actual reports that financial institutions file with the Treasury Department when they see suspicious activity,” Jordan told Epoch TV’s Joshua Phillip in an interview on “Newsmakers.”
Imagine That – Wall Street Journal Finally Admits Energy Inflation Will Keep Retail Food Prices High, Regardless of Commodity Price Market
Pfizer CEO Suddenly Distances Himself From mRNA Vaccine Technology
“It was counterintuitive because Pfizer was mastering or let’s say we had very good experience and expertise with multiple technologies that could give a vaccine…mRNA was the technology that we had less experience with, only two years working on this. And actually, MRNA was a technology that never delivered a single product until that day. Not vaccine, not any other medicine, so it was very counterintuitive.”- Albert Bourla
Jimmy Dore’s personal experience with COVID-19 vaccination side effects on Joe Rogan.
CDC: Majority of American COVID Deaths Are Among The Vaccinated
Pandemic of the Vaccinated
Majority of Covid deaths are among vaccinated Americans for the first time — now that 230 million have had at least two shots
From COVID-19 to CBDC: Their Path to Total Control
(Josh Stylman) It’s seemed evident for a while that the current fiat monetary system is, at best, unstable. At worst, it’s a Ponzi scheme whose time has expired. If that’s the case, I suspect the central bankers and 0.1% know this and might be prepared to usher in the new system before the old one collapses on itself – even as they loot it on the way down with the most significant wealth transfer in human history.
Continue reading
Coincidence? Zelensky Calls for Peace Just Days After FTX Is Caught Funneling Millions of Ukrainian Aide Dollars to US Democrats
FTX Founder Sam Bankman-Fried Lists
Bahamas Penthouse For $40 Million
Zelenskyy should buy it.
Don’t you get it?
It’s so simple ~ Yet complex.
Like Meritage wine.
What Future Do Cryptocurrencies Have After The Fall Of FTX?
If you don’t have your private keys, you don’t own it.
FTX Founder Sam Bankman-Fried Lists
Bahamas Penthouse For $40 Million
Zelenskyy should buy it.
Alameda Frontran Crypto Tokens
Ahead Of New Listings On FTX
Manhattan US Attorney Office
Probing FTX Collapse
But as Elon Musk said, “SBF was a major
Dem donor, so no investigation.”
Could FTX’s Bankruptcy Filing Signal a Long Crypto Winter?
https://coinmarketcap.com/currencies/ftx-token/
The FALL of the CRYPTO CABAL: FTX was a massive
money laundering slush fund for Democrats
Are the SEC and The Federal Reserve Part of the Story
of Bankrupt FTX? Derivatives Become an Issue.
UKRAINE “MILITARY AID” FROM USA — WAS
INVESTED IN CRYPTO “FTX” BY UKRAINE!
FTX Had Ties To Ukrainian Gov,
WEF And Biden
FTX Founder Spent $40 Million As
Democrat Midterm Megadonor
Sam Bankman-Fried Bought Into Stakeholder Capitalism
And Proved It’s A Disastrous Ideology
Crypto Currency Billionaire Loses Fortune Almost Overnight as Crypto Ponzi Business Exposed – The Beginning of the Great Reset?
(Brian Shilhavy) November 8, 2022 will obviously be remembered in history as the day of the U.S. mid-term elections, but could another event that happened Tuesday eclipse even the national elections?
Global Liquidity Crisis + Recession + Unrest = Conditions Worse Than 2008 For 2023
(Adam Taggart) The global economy is stumbling. And not just for financial reasons like the increasing cost of debt.
California Is Now Castrating Children From All 50 States Without Parental Consent
California Democrats recently passed SB-107, which allows all American children to access destructive transgender surgeries without parental consent. What is their end game? (source)
Greg Reese explains how. Laura Logan explains why…
Covidians Want Pandemic Amnesty?
Now that the truth is out about covid, those smug and self-righteous pushers of vaccines that did not vaccinate and masks that didn’t work are demanding we just forget about the whole thing.
BASF Plant Closure Will Permanently Impact Global Food Supply Shortage
New British Prime Minister Pushes Digital Currency Reset as Pound Sterling and Gilts Lose Purchasing Power
(Shane Trejo) The Conservative Party in United Kingdom is in free fall, having recently lost two Prime Ministers Boris Johnson and Liz Truss who were both forced to resign in disgrace.
The State of New California Takes One Step Closer to Being America’s 51st State
Americans in the state of California have had enough of the corrupt anti-American actions the unconstitutional leaders of the state continue to take. These patriots are tired of policies that the leadership in the state takes to help China and the cartels while destroying the state and the country. They’ve had enough.
19 States to Investigate Banks for ESG-Style Commitment to UN Net Zero Carbon Alliance
(Nathan Worcester) The war between states and banks over environmental, social, and governance (ESG) investing and similar practices has reached the doorstep of the U.N. A total of 19 state attorneys general have launched investigations of major financial institutions’ commitment to the U.N.-convened Net-Zero Banking Alliance.
The alliance’s website states that its members control roughly 40 percent of the world’s banking assets and are “committed to aligning their lending and investment portfolios with net-zero emissions by 2050.”
Container Imports to Los Angeles and Long Beach Are Plummeting
ALERT: Government Bond “Illiquidity” Crisis
(Michael Oliver) We are now facing a government bond “illiquidity” crisis that threatens the entire system.
Cathie Wood’s Main ETF Closes at Five-Year Low in 78% Drop From Record High
.
Cathie Wood’s flagship fund on Friday closed at its lowest level in five years, after suffering a 78% plunge from last year’s highs.
The Most Powerful Buyers in Treasuries Are All Bailing at Once
Everywhere you turn, the biggest players in the $23.7 trillion US Treasuries market are in retreat.
STUNNING Testimony: Pfizer Never Tested COVID “Vax” to “Stop Transmission” of Virus! We were all lied to!
Chinese-Style System For USA Announced By FED
“Climate finance” is almost identical to that of the Chinese Communist Party’s social credit score system.
Federal Reserve Announces Major ‘Pilot Exercise’ For ESG Social Credit Score System
(Jordan Schachtel) The Federal Reserve has taken a major step in the direction of facilitating an ESG compliant monetary network that effectively acts as a parallel system to that of the Chinese Communist Party’s infamous social credit scoring system.
Deutsche Bank: Global Bonds Are in First Bear Market in 76 Years
“Based on two centuries of data”
Contemporary value of everything with your name on it is derived from bonds.
FX Markets
Silver From Comex Depleting! Where is The Silver Going?
Ed Steer joins Wall Street Silver today to talk about the COMEX Silver withdrawals continuing as registered totals remain at the lowest levels since 2018. Furthermore, we discuss about Gold, Banks shorting the metals, silver squeeze, and more. Ed’s Website: https://edsteergoldsilver.com/
***
Conspiracy at the US Mint? Silver Eagle Premiums Explained
Californians Adjust To New Life In Texas
This couple left California due to the cost of living, crime, taxes, etc. etc. etc. But now they’re not so sure they can get used to living in Texas!
People Are “Robbing” Banks in Lebanon to Withdraw Funds From Their Own Accounts
(Brian Shilhavy) As the world’s financial crisis goes from bad to worse, we are increasingly seeing stories where people cannot access money from their own bank accounts.
London Silver Inventories Continue to Plummet as Metal Exits LBMA Vaults
(Ronan Manly) There is an unprecedented situation emerging in London, where the relentless hemorrhaging of one of the world’s largest stockpiles of silver is now well and truly under way.
Embalmers Have Been Finding Numerous Long, Fibrous Clots That Lack Post-Mortem Characteristics
Fibrous clots found in corpses by Richard Hirschman. (Courtesy of Richard Hirschman)
(Enrico Trigoso – Epoch Times) Several embalmers across the country have been observing many large, and sometimes very long, “fibrous” and rubbery clots inside the corpses they treat, and are speaking out about their findings.
Just Days After Phasing Out New Gas Cars, California Says “Avoid Charging EVs” Amid Grid Emergency
Shortly after 1800ET, just as Californians begin to head home for the day, the California Independent System Operator issued a level-1 energy emergency alert shortly after tapping all its available power supplies. Despite earlier warnings to reduce usage, Californians – in all their self-righteous virtue – decided to charge their EV anyway, pushing demand above capacity.
California to Ban Sale of New Gas-Powered Cars – All Electric Vehicles in Next Decade
(Cristina Laila) California on Thursday is expected to ban the sale of gas-powered vehicles by 2035.
Bongino Regrets Quackccine (vid)
Christ teaches us to follow Him, even though our earthly goals are furthered by treating others as means for us to achieve our ends, even though the earthly consequences of following Christ (whether you use that specific term or not) are temptation, mockery and suffering.
If you think about it, if the Real World really is all there is, to follow Christ is insane. No wonder The Way is narrow, that it is easier for a camel to pass through the eye of a needle.
Not Everyone Is In Alignment With This ‘Build Back Better’ Globalist Multinational Finance And Corporate Takeover
The Outlier of the West, Japan Core Inflation Rises 2.4% Year Over Year
(Sundance) If you have been following along, you might remember the note we made in July about not every country willing to go along with the western agenda on energy reduction, climate change, and raising interest rates to shrink their economy down to the scale of diminished energy development {Go Deep}.
How Exactly is ‘Build Back’ by Intentionally Lowering Economic Activity ‘Better’?
Something is Looming Geopolitically, and We Better Start Taking It Seriously
There is no precedent for this. Never before in the history of industrialized nations has any government intentionally tried to lower its economic activity. It has never been done with intent before because within the contraction, nations get poorer and people suffer.
72% Of Millennials Have Regrets About Homes They Overpaid Or Settled For In 2021 And 2022
As new inventory is finally starting to hit the market and demand has temporarily slowed down thanks to rising rates, the housing expansion between March 2020 and now is still very likely to go down in history as blowing unprecedented amounts of air into an unprecedented bubble.
And now we have the data to show it. Continue reading
What Happened To Dubai Man Made Islands?
It has been over twenty years since the construction of the man-made islands of Dubai began, the world’s largest artificial archipelago. Widely announced as the star project of the urban development of the United Emirate, two decades later, the story is very different to what the developers would have imagined. Islands yet to be completed, abandoned projects, the sea reclaiming its space… even so, Dubai is not giving up and it is confident that, despite the delay, it’s dream will become a reality.
A ‘Shakeout’ Among Mortgage Lenders Is Coming, According To CEO Of Bank That Left The Business
Real Estate Just Did It
Home prices cool at a record pace as real estate sales grind down further every week across America. While some people are still wondering when real estate prices will go down, I am here to explain how the housing crash has already begun!
Referenced In The Video: Home prices cooled at a record pace in June, according to housing data firm
Pfizer Vaccine Damaged Healthcare Worker to Unvaccinated Friends: “I Totally Commend You: I Wish I Was One of You.” (video)
(Brian Shilhavy) A healthcare worker who claims she was injured by the Pfizer COVID vaccine she was required to receive as a condition for employment, and now suffers from CIDP (Chronic Inflammatory Demyelinating Polyneuropathy) which she says has changed her life completely, recently went public to answer a question that apparently others in her social media network have asked her: “What do you think about people who have refused the COVID vaccine?”
GEICO Closes All of its 38 California Insurance Offices, Putting Hundreds of People Out of Work
The Government Employees Insurance Company (GEICO), a private American auto insurance company, had reportedly shut down all its 38 insurance offices in California.
Squatters Occupy Portland Homes As Helpless Homeowners Desperately Try To Sell
“Unfortunately there are squatters on the property and seller does not have resources to remove them and is willing to negotiate the price for a buyer to take the risk of closing.”
Steve Cortes Explains The Economic Crisis Coming To China: ‘2008 Will Seem Tame’
The CCP is losing legitimacy with the Chinese people.
From Profits To Pay, JPMorgan’s Gold Secrets Spill Out In Court
(Mining.com) The trial of JPMorgan Chase & Co.’s former head of precious metals has offered unprecedented insights into the trading desk that dominates the global gold market.
CA To Charge Landowners For Their Own Water
(Bob Unruh) California has announced to landowners that they now are going to be billed for the water they take out of their own wells, on their own land.
Los Angeles Wants Toilet To Tap Water For All By 2035
Instead of addressing California’s crippling drought with network of desalination plants (a plan which actually had the support of Gov. Gavin Newsom until the state’s HOA – aka the Coastal Commission – shot it down earlier this year), the city of Los Angeles and other agencies across Southern California are considering a plan to recycle wastewater into tap water.
US Bank Fined $37.5 Million For Opening Fake Customer Accounts To Reach Sales Goals
The U.S. government fined one of the country’s largest banks more than $37 million for unlawfully retrieving customers’ credit reports and opening fictitious accounts, the Consumer Financial Protection Bureau (CFB) said Thursday.
There’s an Amazing Glut of Office Space in Every Major Metro Area
Occupancy is an engine of local economies and there’s an unprecedented glut of space available.
Billionaire Cleans Out Entire Wholesale Market Of Silver Eagles – More Orders To Follow
Blackstone Prepares A Record $50 Billion To Snap Up Real Estate During The Coming Crash
The past two months have seen a barrage of negative news coverage focusing on the US housing market…
America Just Bailed Out A Bunch Of Pensions At The Taxpayers’ Expense
(Bruce Wilds) Unnoticed by most taxpayers and touted as good news was the fact we the taxpayers of America have stepped up to the plate and bailed out hundreds of failing pensions. Much of this took place without the average citizen even knowing it occurred.
3rd Look at Local Housing Markets in June, Sales Down Sharply, Inventory “Surged”
Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in June, Sales Down Sharply, Inventory “Surged”
A brief excerpt: Continue reading
Major Evidence China Is Making The Pfizer Vaccine Ingredients!
CCP Fosun Pharma has been involved in making the Pfizer Vaccine and now will make pills for Pfizer in America as well.
70% of 10-Year-Olds Cannot Read After Lockdowns
400,000 Chinese Lose Their Life Savings Instantly
Remember that Western leaders under WEF tutelage are in the process of transforming our societies to be run exactly like China.
How a Complete Lock Up of The System Will Occur
(Gregory Mannarino) Why is the world awash in never ending and inflating debt? Moreover, why does global debt keep expanding relentlessly every day, every month, and every year, in what seems like some kind of twisted mass insanity?
What is THE REAL TRUTH behind all this?
Supply Chain Crisis: 70,000 Self-Employed Truckers in California Forced Off The Road Under New Democrat State Law
(Pamela Geller) The Democrats war on hard working Americans just ratcheted up another unimaginable notch. But this time, it not only puts the small businessman out of business, it throws in massive shortages (food, energy, supplies etc.), supply chain issues etc. It’s a catastrophe
Sadly, the U.S. Supreme Court denied a review on whether California Assembly Bill 5 (AB-5) violates the Federal Aviation Administration Authorization Act of 1994 as it applies to self-employed truck drivers.
Will The Fed Reverse Course?
CRYPTO CONTAGION: Three Arrows Capital Defaults After Failing To Make Required Payment On Loan Of 15,250 Bitcoins
(Ethan Huff) Voyager Digital LLC just issued a notice of default to Three Arrows Capital (3AC) after the latter failed to make the required payments on a loan of 15,250 bitcoins (BTC) and $350 million of USD Coin (USDC).
Sharp Decline in Pending Sales, Inventory Surges In California
“Real Estate Tech” in Existential Crisis
“Real Estate Tech” in Existential Crisis as Housing Sours, Stocks Plunge, New Money Out of Reach: Redfin & Compass Try to Survive by Cutting Staff. Opendoor, Zillow Sag
In short, the party ran out of bamboozle.
Game Over, They’re Pulling the Plug – Bill Holter
It’s Hammer Time
Housing Bubble Getting Ready to Pop: Mortgage Applications to Purchase a Home Drop to Lockdown Lows, “Bad Time to Buy” Hits Record amid Sky-High Prices, Spiking Mortgage Rates
(Wolf Richter) This just keeps getting worse: Applications for mortgages to purchase a home dropped 7% for the week, and were down 21% from a year ago, the Mortgage Bankers Association reported today. An indicator of future home sales: Potential homebuyers try to get pre-approved for a mortgage, lock in a mortgage rate, and then start house-hunting.
Mortgage rates have soared this year, and home prices have soared for years to ridiculous levels, causing layers and layers of potential buyers to abandon the market, amid “worsening affordability challenges,” as the MBA called it. And these applications to purchase a home hit the lowest point since the depth of the lockdown in April 2020 (data via Investing.com):
The MBA’s Purchase Mortgage Applications Index has now dropped below the lows of late 2018. By November 2018, the Fed had been hiking rates for years (slowly), and its QT was in full swing, and mortgage rates had edged above 5%, which was enough to begin shaking up the housing market. Home sales volume slowed, prices began to come down in some markets, and stocks were selling off. But with inflation below the Fed’s target, and with Trump, who’d taken ownership of the Dow, constantly throwing darts at Powell, the Fed signaled in December 2018 that it would cave, and instantly mortgage rates began to fall, and volume and prices took off again.
Today, raging inflation is the #1 economic issue, and the Fed is chasing after it, with backing from the White House, and so this issue in the housing market is just going to have to play out.
Holy-Moly Mortgage Rates.
The average 30-year fixed mortgage rate with conforming balances and 20% down rose to 5.40% this week, according to the MBA today, having been in this 5.4% range, plus or minus a little, since the end of April, the highest since 2009.
I call them holy-moly mortgage rates because that’s the reaction you get when you apply this rate to figure a mortgage payment for a home at current prices and then accidentally look at the resulting mortgage payment (data via Investing.com):
“Bad time to buy a home.”
Turns out, sky-high home prices to be financed with holy-moly mortgage rates, plus uncertainty about the economy, dropping stock prices, and inflation eating everyone’s lunch make a toxic mix for homebuyers.
The percentage of people who said that now is a “bad time to buy” a home jumped to 79%, another record-worst in the data going back to 2010, according to Fannie Mae’s National Housing Survey for May. Sentiment has been deteriorating since February 2021:
“Consumers’ expectations that their personal financial situations will worsen over the next year reached an all-time high in the May survey, and they expressed greater concern about job security,” according to Fannie Mae’s report.
“These results suggest to us that increased mortgage rates, high home prices, and inflation will likely continue to squeeze would-be home buyers – as well as those potential sellers with lower, locked-in mortgage rates – out of the market, supporting our forecast that home sales will slow meaningfully through the rest of this year and into next,” said Fannie Mae.
Sagging stock prices keep getting blamed.
The stock market is on the front pages every day. Only a small percentage of Americans own any significant amount of equities, but that doesn’t matter. Stock market declines, with many high-flying stocks plunging 70% or 80% or even 90% since February 2021, have rattled a lot of nerves. Which is in part why Fannie Mae pointed out, “consumers’ expectations that their personal financial situations will worsen over the next year reached an all-time high.”
The MBA also had previously pointed at the financial markets as one of the reasons for the plunge in purchase mortgage applications.
In the tech and social media sector, the big declines in stock prices have now triggered the first hiring freezes and a few layoffs. And this too – just the idea of nirvana being somehow over – is shaking up some folks.
Sharp increases in stock portfolios, stock options from employers, or cryptos empowered potential homebuyers and enabled many to borrow against their portfolios to come up with down payments. This option has either vanished or is looking very shaky for many.
Refi applications collapsed to lowest since year 2000.
Applications for mortgages to refinance an existing mortgage dropped another 6% for the week, and have collapsed by 75% from a year ago, to the lowest level since the year 2000, according to the MBA’s Refinance Mortgage Applications Index. The MBA obtains this data from a weekly survey of mortgage bankers.
With these holy-moly mortgage rates, just about the only reason to refinance is to extract cash from the home via a cash-out refi (data via Investing.com):
Cash-Out Refi mortgage applications.
According to the AEI Housing Center, which tracks mortgage applications by the number of rate locks, no-cash-out refi applications have collapsed by 92% from a year ago. But cash-out refi applications are primarily driven by the desire to extract cash from a home, with mortgage rates being a secondary issue – and so they continue but a slower pace.
Cash out refi applications in week through May 30 (black line) plunged by 42% from the same week in 2021 and have stabilized roughly level with 2019:
A cash-out refi provides a big lump sum for the homeowner to spend on all kinds of things, from cars to home improvement projects. They are also used to pay off high-cost debts, such as credit cards so that these credit cards can then be used for more purchases. The plunge in cash-out refi reduces the availability of these lump-sums, and therefore reduces the stimulus to the economy they provide.
No-cash-out refi mortgages at lower mortgage rates also boost consumer spending, as the lower rates reduce payments that then leave some extra every month to spend on other stuff. But the spike in mortgage rates, and the subsequent 92% collapse of no-cash-out refi mortgage applications ends this program.
Source: by Wolf Richter | Wolf Street
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George Gammon: Thinking of buying a house? Stop and watch this first – MS
US housing implosion about to start – Market Sanity
Bank of America declares ‘technical recession’ – NTD
Inflation, consumer woe add to worries that recession is already here – CNBC
“Warning flags are everywhere” – ECB, inflation and U.S. stocks – QTR
Bond market rout so severe double-digit losses are the norm – Yahoo!
Get ready for currency collapses – King World News
Housing Market: Could This Be Worse Than 2008?
“Conditions are changing really fast”
Nick Gerli, in his interview with Wealthion, alludes to a number of figures which spell trouble for the residential market. If you own real estate or we’re considering entering the market soon, it’s worth checking out:
Mortgage Demand Falls To 22 Year Low Amid Rising Rates And Slowing Home Sales
- The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.40% from 5.33%.
- Applications for a mortgage to purchase a home fell 7% for the week and were 21% lower than the same week one year ago.
- Refinance demand dropped 6% for the week and was down 75% year over year.
“Major Turning Point” – US Housing Inventory Rises For First Time Since 2019
“Sellers are fueling this turnaround in inventory, with newly listed homes entering the market at a rate not seen since 2019.”
JP Morgan CEO Says A ‘Hurricane’ Is Coming For The U.S. Economy: ‘Brace Yourself’ (VIDEO)
Code Brown: Get out of the pool.
Demand For American Gold Eagles Explodes
Demand for American Gold Eagles exploded in May according to the latest data from the US Mint.
USDA Food Price Forecast Highest Since 1980
(Sundance) Have you ever seen egg prices at $1 per egg range, or $12/doz? Hold on a few months and perhaps you will. That is the context for the scale of food price increases the USDA is now starting to predict. The highest predicted change in food costs in well over 40 years, that’s the USDA warning in their revised May “Food Price Outlook”. [DATA HERE]
Gregory Mannarino Tells Mike Adams How To Protect Yourself From The Eventual Global Debt Implosion
Sometimes the only thing you can do is shine a light.
U.S. Retailers’ Ballooning Inventories Set Stage For Deep Discounts
(Reuters) – Major U.S. retailers that recently scrambled to restock shelves amid product shortages disclosed this week that their stores are now packed with too much merchandise, and some are even doing what was unthinkable just a few months ago: discounting unsold goods.
The Smoking Crack Spread
Biden Admits Sky Rocketing Energy Prices Are Part Of Green “Transition”
Joe Biden let the veil slip Monday, telling reporters gathered at a press conference in Tokyo that unaffordable gas prices in the U.S. are part of a deliberate “transition” to green energy.
Suddenly, Vladimir Putin isn’t to blame anymore as a reporter asked if a U.S. recession is unavoidable.
Are Real Estate Prices About To Crash?
No however, difficult is the way, narrow is the gate and in service to each other we will remain free.
Why $20 Gas Is Coming
‘My God… This Shuts It Down!’: Manchin Confronts Sec. of the Interior Haaland With Statement From Her Dept On Drilling.
Goldman Economist Warns US Consumers Maxing Out Credit Cards Will Lead To Late 2022 Spending Collapse
A little over a week ago, when looking at the latest consumer credit data from the Federal Reserve, we were shocked to learn that in March, credit card debt soared by a record $52.4 billion, the biggest monthly increase on record and more than double the expected change.
AKA, the American consumer is approaching maximum credit saturation.
Ravaged Consumers Push Back On Biden-Pelosi-McConnell Inflation
Target down 25% TODAY. Walmart down 14% between YESTERDAY and TODAY, represents the single largest drops for these companies since the market crash of 1987.
Working class Americans have never been hammered this hard by government fiscal policy.
“2nd CIVIL WAR… The Republicrats, the globalists are raging an ALL OUT WAR against us… Continue reading
The United States Will Suffer Serious Consequences From China’s Failing Economy
Steve Cortes was on Steve Bannon’s War Room Monday. He discussed growing evidence of China’s failing economy which impacts the US economy greatly. To put it mildly, China’s economy is falling apart.
Goldman Sachs-Backed Funds Buy Up Entire Florida Neighborhood for $45 Million
(Abby Liebing) In the midst of a growing housing and economic crisis, Wall Street investors are using this as an opportunity to purchase rental properties. Two investment funds backed by Goldman Sachs bought a community of Florida homes for $45 million, WFLA reported. The development is Cypress Bay, which is located in Brevard County in Palm Bay, Florida. It is a community of 87 single-family rental homes.
Seller Freaks After Flashy Bel Air Mansion Listed For $87.8 Million Flopped At Auction
(Ray Parisi) An over-the-top modern mansion in Bel Air was listed for $87.8 million for an auction this week. But the highest bid came in just under $45.8 million, according to the home’s seller, dermatologist-turned-developer Alex Khadavi.
“Horrible, Horrible, Horrible!” was how Khadavi characterized the auction results to CNBC. He filed for Chapter 11 bankruptcy protection two weeks after putting the home on the market last year.
Curveballs In The Housing Bubble Bust
All these curveballs will further fragment the housing market.
Bill To Vaxx Minors Without Parental Consent Passes Cali Senate
(Press California) It’s Sen. Scott Wiener’s legislation. More background on SB866 here. We guess SB666 wasn’t available.
The bill removing parental consent for 12-year-olds to get vaccinated just passed the Senate by a single vote. We will stop this obscene legislation in the Assembly.
— Kevin Kiley (@KevinKileyCA) May 12, 2022
Coinbase Earnings Were Bad. Warning That Bankruptcy Could Wipe Out User Funds
(Nicholas Gordon) Hidden away in Coinbase Global’s disappointing first-quarter earnings report—in which the U.S.’s largest cryptocurrency exchange reported a quarterly loss of $430 million and a 19% drop in monthly users—is an update on the risks of using Coinbase’s service that may come as a surprise to its millions of users.
In the event the crypto exchange goes bankrupt, Coinbase says, its users might lose all the cryptocurrency stored in their accounts too.
Is Housing a Bubble That’s About to Crash?
(Charles Hugh Smith) We are all prone to believing the recent past is a reliable guide to the future. But in times of dynamic reversals, the past is an anchor thwarting our progress, not a forecast.
Are we heading into another real estate bubble / crash? Those who say “no” see the housing shortage as real, while those who say “yes” see the demand as a reflection of the Federal Reserve’s artificial goosing of the housing market via its unprecedented purchases of mortgage-backed securities and “easy money” financial conditions.
Trojan Condom Maker Cautions About Potential Recession Risk
Even Trojan Condoms Are Smarter Than The Fed…
(Daniela Sirtori-Cortina) The maker of Arm & Hammer baking soda and Trojan condoms cautioned about a possible recession in its first-quarter earnings report.
UK ‘Sleepwalking’ Towards Food Shortages, Farmers Warn
A tractor cultivates the ground for rapeseed oil crops at the Westons Farm, in Itchingfield (AFP via Getty Images)
Farmers have warned the UK is “sleepwalking into food shortages” because of the rising costs of fuel, fertilizer and feed.
“We’ve got absolutely ridiculous fertilizer prices and we can’t forget that half the food produced in this world comes from artificial fertilizer.” – Farmer from UK
This is not limited to the UK. This is happening everywhere.
Property Taxes EXPLODE. Owners Forced to SELL (especially in TEXAS)
Property Taxes are SURGING across the 2022 US Housing Market. Especially in Texas, where both homeowners and real estate investors could be forced to sell.
Union Pacific Rail Line Begins Restricting U.S. Fertilizer Distribution
(Sundance) This is layers of odd. As many readers are aware, the prices of fertilizer have skyrocketed as supplies have been heavily impacted by increased energy costs and supply chain issues. Many people have worried if a shortage of fertilizer may impact farm yields this year.
China’s Lockdown of Nearly 400 Million Set to Impact Global Economy
People in protective suits prepare to disinfect a residential compound in Huangpu district in Shanghai on April 14, 2022. (China Daily via Reuters)
(Dorothy Li) Factories have suspended production. Truckers are stuck on highways. Containers are piling up at ports. Shipping vessels have been waiting to unload.
China’s economy is set to pay a price as the communist regime’s determination to stamp out the COVID-19 outbreak through harsh lockdowns have brought its manufacturing and commercial hubs, like Shanghai, to a halt.
The Curious Case Of California’s Disappearing Children
“We just aren’t sure where they’ve gone.”
JPMorgan Predicts That Global Commodities Prices May Rise By 40%… Or More
(Bryan Jung) Commodities prices could rise by 40 percent and will likely continue to go higher, according to a note from JPMorgan Chase from April 7, as raw materials hit a record high last month following Western sanctions on Russia due to its invasion of Ukraine.
Russia is a main supplier for up to 10 percent of global energy production and about 20 percent of global wheat production.
The Commodity Currency Revolution Begins
(Alasdiar Macleod) We will look back at current events and realize that they marked the change from a dollar-based global economy underwritten by financial assets to commodity-backed currencies. We face a change from collateral being purely financial in nature to becoming commodity based. It is collateral that underwrites the whole financial system.
Cracks Appear In Housing Market As Sellers Begin To Lower Asking Prices
Over the last several weeks, readers have become aware of an emerging housing affordability crisis as US mortgage rates continued their near-vertical ascent, risks jeopardizing the housing market boom. The 30 Year fixed mortgage rate has jumped a staggering 177bps this year, reaching the highest since 1Q10, with Bankrate data showing mortgage rates are above 5%.
Shocking Consumer Credit Numbers: Credit Card Debt Soars With Savings Long Gone
While it is traditionally viewed as a B-grade indicator, the February consumer credit report from the Federal Reserve was an absolute stunner and confirmed what we have been saying for month: any excess savings accumulated by the US middle class are long gone, and in their place Americans have unleashed a credit-card fueled spending spree.
Here are the shocking numbers: in November, consumer credit exploded by a whopping $41.8 billion, more than double the expected $18.1 billion print, nearly five times more than the upward revised $8.9 billion January number (revised from $6.8 billion), the highest on record!
‘This Raises Serious Questions’ – BLM Paid $5.8 Million For LA Mansion From BLM-Linked Developer Who Paid $3.1 Million For It 6 Days Earlier
Say you’re laundering money, without saying you’re laundering money.
As previously reported, the Black Lives Matter Global Network Foundation spent approximately $6 million on a lavish Southern Californian mansion using donor cash and then took measures to keep the purchase a secret, according to a report Monday.
Washington State Is BANNING Non-Electric Cars by 2030
(Jeff Thompson) As 1984 gains a firmer grasp on the modern world, one recent bill has caused it to spread its reach even further: a bill inserted within Washington state’s $16.9 billion “Move Aside Ahead Washington” package. This new piece of paper, signed by Washington governor Jay Inslee on March 25, now makes it so that police will enforce all vehicles sold, purchased, or registered within the state to be electric vehicles by 2030.
German Retailers To Increase Food Prices By 20-50% On Monday
Just days after Germany reported the highest inflation in generation (with February headline CPI soaring at a 7.6% annual pace and blowing away all expectations), giving locals a distinctly unpleasant deja vu feeling even before the Russian invasion of Ukraine broke what few supply chains remained and sent prices even higher into the stratosphere…
Rate Hikes Jeopardize Much More Than Just American Home Ownership
(J.G. Collins) Someone once said that you never actually “buy” a home. Instead, you merely commit to paying an annuity: the mortgage.
That’s largely true. The price and “value” of homes for the overwhelming majority of homeowners is a function of home buyers’ ability to make payments.
And with the Federal Reserve signaling further interest rate hikes, home buyers and sellers—and assorted others who use credit—will incur knock-on effects from those increases.
Biggest Housing Affordability Shock In History Incoming
30 Year fixed mortgage rates have jumped 160bp this year, reaching the highest since November 2018, with the latest Freddie Mac data showing an acceleration in mortgage rates which jumped a quarter point in just the past week, from 4.42% to 4.67%. This is an even bigger increase than we discussed in our recent housing comment.
And while the benchmark 10y Treasury yield has also risen, the increase is “only” 94bp. In other words, there has also been a significant widening in mortgage spreads, by 66bp to 243bp. This could be explained by the Fed’s accelerated pivot from QE to QT, the latter of which we expect will be announced at the next FOMC meeting in May.
As discussed one week ago in “Housing Affordability Is About To Crash The Most On Record“, the move higher in rates means that an already record affordability shock will be even worse! Continue reading
JPMorgan Admits Central Banks Need A Recession “To Cure Inflation”
Over the past few months we have repeated a statement which – because it is controversial and because it is true – sparked feigned outrage among the financially illiterate macrotourists (which these days is the vast majority of the financial commentariat): we said that in light of the galloping inflation which has crushed BIden’s approval ratings and has ensured a landslide loss for Democrats in the midterms, the Fed desperately wants to create a recession (and, at this rate, it will get it).
Fed wants recession. It will get it in a few months.
— zerohedge (@zerohedge) March 16, 2022
Today, our tinfoil conspiratorial theories once again were validated today when none other than JPMorgan’s European economists admitted that…
Trucker Stocks Plunge After First Post-COVID Job-Losses As Freight Recession Looms
Tender rejections are the best indicator into real-time supply/demand in the truckload sector.
Just wait for April…
https://www.zerohedge.com/markets/why-freight-recession-imminent
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Yield Curve Inverts Dramatically As Goldman Sees Recession Risks Soaring
..2s30s just inverted for the first time since 2007…
Russia, In The Interim Agrees to Accept Euros for Energy Payment, Which Will be Transacted into Rubles by Gazprombank
(Sundance) Russian President Vladimir Putin and German Chancellor Olaf Scholz will hold further discussions on the purchase of Russian energy products in rubles according to TASS (Russian News) and western media. However, in the interim Russia will continue accepting payment in euros which will be exchanged for Rubles by Gazprom bank.
Which Major Currency Will Be The First To Fall?
…Could the euro beat the Yen in the race to the graveyard?
(Bruce Wilds) Before saying anything else, it is important to note, when it comes to the major currencies, it is safe to assume they are manipulated by central banks. It is in the best interest of Central Bankers to keep them trading in a rather tight pattern as so not to rock the foundation of the global financial system. On top of the stress being placed upon economies due to the war in Ukraine, the one thing bankers don’t want to deal with is the growing fear the fiat monetary system is about to fail.
Biden Regime Crushes Home Ownership For Young Americans
The policies of Joe Biden exclude an entire wave of young citizens from a critical component of the American Dream.
As America descends into oligarchy, conglomerates and their affiliated political stooges manipulate markets and public policy to centralize power and disenfranchise the historic drivers of social cohesion in America, especially vibrant churches, prosperous small businesses, and thriving families. Regarding families, a pillar of family formation and lasting generational strength in America long revolved around private property, the creation and sustenance of ownership over single-family housing.
Blackstone Gives Up On One Of Its Midtown Manhattan Office Buildings, Hands Keys To Lender
Blackstone is giving up on one of its Midtown Manhattan office buildings, the latest sign yet that distress is beginning to hit the office sector.
The world’s largest owner of commercial real estate, Blackstone has turned over the keys of 1740 Broadway, a 26-story office tower a block from Carnegie Hall, to the special servicer on its $308M commercial mortgage-backed security, Commercial Observer reports.
Kremlin Threatens To Halt Supplies As G7 Ministers Reject “Unacceptable” Demand To Pay For Gas In Rubles
https://www.zerohedge.com/markets/here-are-all-latest-news-and-developments-ukraine-war-march-28
“You must pay in Rubles now.”
“That wasn’t the deal!”
“I have altered the deal. Pray I do not alter it any further.”
President Putin Says ‘Unfriendly Countries’ Must Switch To Its Currency By March 31
Putin Declares May 9th As End Of War In Ukraine
…Same Date Russia Defeated Nazis In WW2
Welcome to the Death Zone
Do you own a house? Do you rent?
It All Comes Together: Hunter, Burisma, Kolomoisky, Zelensky and the “Children Burned Alive in Donetsk”
Is the US being drawn into WW 3 over the corruption of the Biden crime family? Burisma Holdings is owned by oligarch Ihor Kolomoisky, who backed the campaign of President Volodymyr Zelensky and funded the neo-Nazi Azov Battalion, writes blogger Kanekoa the Great. The profound corruption of Hunter Biden and The Big Guy in Ukraine may also explain Hunter’s mysterious reference to “children burned alive in Donetsk.”
BlackRock’s Fink Says Ukraine Invasion “Accelerates” Shift To ESG and Digital Currencies
BlackRock CEO Larry Fink’s annual letter to shareholders has become heavily scrutinized as ones from Berkshire Hathaway chief Warren Buffett and JP Morgan chief Jamie Dimon. Fink is the boss of a $10 trillion asset manager, the world’s largest and oversees more money than the Fed, told shareholders Russia’s invasion of Ukraine would fundamentally reshape the world economy and drive up inflation as supply chains are reconfigured.
Yikes!
Millions to Develop AIDS from Vax by Fall – Dr. Elizabeth Eads
Dr. Elizabeth Eads is on the front line of medicine, treating patients who have been injected with the experimental CV19 so-called “vaccines.” Dr. Eads is now seeing first-hand Acquired Immunodeficiency Syndrome, commonly referred to as AIDS. Let that sink in. Dr. Eads explains, “Yes, we are seeing vaccine related acquired immunodeficiency in the hospital now from the triple vaxed. . . . It is a vax injury, and we are not really certain how to treat this. We are throwing the kitchen sink at it.”
Afghanistan’s Last Finance Minister, Now a DC Uber Driver, Ponders What Went Wrong
(Greg Jaffe) WOODBRIDGE, Va. — Until last summer, Khalid Payenda was Afghanistan’s finance minister, overseeing a $6 billion budget — the lifeblood of a government fighting for its survival in a war that had long been at the center of U.S. foreign policy.
Now, seven months after Kabul had fallen to the Taliban, he was at the wheel of his Honda Accord, headed north on I-95 from his home in Woodbridge, Va., toward Washington, D.C. Payenda swiped at his phone and opened the Uber app, which offered his “quest” for the weekend. For now his success was measured in hundreds of dollars rather than billions.
Inflation Stings Most If You Earn Less Than $300K. Here’s How to Deal.
Petrodollar Cracks: Saudi Arabia Considers Accepting Yuan For Chinese Oil Sales
One of the core staples of the past 40 years, and an anchor propping up the dollar’s reserve status, was a global financial system based on the petrodollar – this was a world in which oil producers would sell their product to the US (and the rest of the world) for dollars, which they would then recycle the proceeds in dollar-denominated assets and while investing in dollar-denominated markets, explicitly prop up the USD as the world reserve currency, and in the process backstop the standing of the US as the world’s undisputed financial superpower.
Those days are coming to an end.
This Is Big: Naomi Wolf Confirms Big Pharma Was Adding Varying Amounts of Active Ingredient to Batches of COVID Vaccine (VIDEO)
(Jim Hoft) Former Clinton adviser and COVID Vaccine critic Naomi Wolf joined Steve Bannon on The War Room on Monday morning. Naomi shared her latest bombshell from her investigation into the Pfizer vaccine documents released by the US government on their COVID vaccine testing. Naomi’s team of investigators, doctors and attorneys identified several US government documents that confirm that Pfizer was adding varying amounts of active ingredient to their experimental COVID vaccines. According to the data, the range of dangerous active ingredient went from 3μg, to 10μg, to 30μg, to 100μg depending on the batch they happened to inject you with.
U.S. Commodity Crisis Giving Rise to New World Order, Says Credit Suisse’s Zoltan Pozsar
Credit Suisse short-term rate strategist Zoltan Pozsar also said the new order would weaken the US dollar and create higher inflation in the western world.
(Jocelyn Fernandez) Credit Suisse short-term rate strategist Zoltan Pozsar, a former United States Federal Reserve and US Treasury Department official, in a report said the US is in a commodity crisis and this will give rise to a new world order that will weaken the US dollar and create higher inflation in the western world.
Phoenix’s Tent City Expands To Nearly 1,000 As Housing Affordability Crisis Worsens
A massive homeless encampment in downtown Phoenix, Arizona, known as the “Zone,” raises eyebrows as the shelter’s population swells to more than 900 people.
The Zone is located on 9th Avenue, Jackson Street, 13th Avenue, and Jefferson Street in Phoenix, down the street from the Arizona State Capitol complex.
SARS-COV-2 Vaccines and Neurodegenerative Disease
(Stephanie Seneff and GreenMedInfo) Since December 2020, when several novel unprecedented vaccines against SARS-CoV-2 began to be approved for emergency use, there has been a worldwide effort to get these vaccines into the arms of as many people as possible as fast as possible. These vaccines have been developed “at warp speed,” given the urgency of the situation with the COVID-19 pandemic. Most governments have embraced the notion that these vaccines are the only path towards resolution of this pandemic, which is crippling the economies of many countries.
Easy Money 