The Greatest depression is coming, are you ready?
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He makes a few great points and either I hadn't considered them at all or he is quite knowledgeable and he provides more details.
1. For the last 40 years the one child policy in China has destroyed the country demographically. Tax base is completely collapsing. Remember what happened to Japan and other countries when they had years of birth rates below the replacement levels. The population aged and tax revenue collapsed. Well this is happening in China and it is "on steroids". The entire economy is on the verge of collapse.
2. We know that this year we will have a very bad harvest, but he says we won't know how bad till October. The reasons are based on the fertilizer shortage and cost increase by as much as 200%. He also points out it can take anywhere from 3-7 years to bring these fertilizer plants online so the problem will not be solved anytime soon. So then add a collapse to the world's biggest economy (or second biggest) a huge shortage in food resulting in more massive inflation. The US is probably doing better than any other country at the moment and on Maria Bartiromo this morning I heard that inflation essentially has taken away one months salary from people. So imagine what the vast majority of people in the world who live paycheck to paycheck are doing.
3. The energy shortage is about to hit. It is bizarre. Apparently because Europe has stopped their purchases of oil from Russia it is causing the pipelines to back up all the way to Siberia. He says that at some point they will have to shut down the entire pipeline for the winter. It is stunning, they can't simply redirect the flow to someone else who will buy it and shutting down this pipeline apparently shuts down a large portion of their exports. I never heard any of this before but it is stunning. He is predicting $150 a barrel for oil.
Below is the list of around 750 entries of FOOD/MEAT/GROCERY/ANIMALS/FARMS/AUTO/RX-MEDS/BUILDING/CHEMICALS/FUEL/WATER/ENERGY – DESTROYED/DAMAGED – 2021 & 2022 around the world.
https://www.thegatewaypundit.com/20...ow-participate-add-incidents-interactive-map/
https://www.thegatewaypundit.com/20...ow-participate-add-incidents-interactive-map/
Liar
Biden in Massachusetts While US is in a Recession: We’ve Gone From “Economic Crisis to Economic Resurgence” (VIDEO)
https://www.thegatewaypundit.com/20...ne-economic-crisis-economic-resurgence-video/
Biden in Massachusetts While US is in a Recession: We’ve Gone From “Economic Crisis to Economic Resurgence” (VIDEO)
https://www.thegatewaypundit.com/20...ne-economic-crisis-economic-resurgence-video/
Good News, they are on the case!
We are seeing massive inflation, in the things that you must have: groceries, gas and utilities we see a 24% inflation year over year. The country has 31 trillion in debt and the Fed has another 9 trillion in debt where they bought up ETF's and need to sell them (which will crush the stock market, so let's wait till the elites can get out first). We have been robbed! But good news, the Feds are on it, they have searched Melanias sock drawer and they have checked under Barron's bed. These cops have the keys and no stone will go unturned in their effort to figure out who robbed us.
We are seeing massive inflation, in the things that you must have: groceries, gas and utilities we see a 24% inflation year over year. The country has 31 trillion in debt and the Fed has another 9 trillion in debt where they bought up ETF's and need to sell them (which will crush the stock market, so let's wait till the elites can get out first). We have been robbed! But good news, the Feds are on it, they have searched Melanias sock drawer and they have checked under Barron's bed. These cops have the keys and no stone will go unturned in their effort to figure out who robbed us.
Yesterday when it was all happy talk of a resurgence and setting up a "victory tour" concerning inflation you can be sure that Biden knew what would be released the next morning in the inflation report. They willingly become ridiculous clowns to help elites sell their holdings while fools continue on like nothing is going on. They lie to your face because they despise you.
Good news everyone
Yes, the stock market is down by about 30% , but inflation is up by about 25% so it balances itself out. Oh, wait, hold it, oops I got that backwards, no it is like being down another 25%, so the value of your holdings are down by over 50% since Nov 2021.
At least we have bonds, yes they are down significantly too, but at least interest rates are going up and will continue to go up quite a lot. So that will balance each other out. Oops, got that backwards as well, turns out as interest rates go up bonds go down! Kind of makes you wonder why anyone would buy bonds when interest rates were 0%.
Wow, well at least we do have some good news, Fed Ex reported earning over $2 a share. Oh, hold it, they had predicted over $5 a share! Wow, never seen a miss like that before. Fed Ex is down 15% in aftermarket trading. Well at least it is only one company, oh hold it, nope that's not right, Fed Ex is considered a way to measure online purchases. This could mean some of these new online fad companies like Amazon.com could miss their earnings. Oh, wait, I'm being told Amazon.com is not a new fad company but a major fortune 500 company.
Not a problem, let's see if we can find some of those elite stock analysts to explain this to us. Hmmm, I'm being told everyone is running to their bunkers and they won't be back until after the apocalypse is over.
Yes, the stock market is down by about 30% , but inflation is up by about 25% so it balances itself out. Oh, wait, hold it, oops I got that backwards, no it is like being down another 25%, so the value of your holdings are down by over 50% since Nov 2021.
At least we have bonds, yes they are down significantly too, but at least interest rates are going up and will continue to go up quite a lot. So that will balance each other out. Oops, got that backwards as well, turns out as interest rates go up bonds go down! Kind of makes you wonder why anyone would buy bonds when interest rates were 0%.
Wow, well at least we do have some good news, Fed Ex reported earning over $2 a share. Oh, hold it, they had predicted over $5 a share! Wow, never seen a miss like that before. Fed Ex is down 15% in aftermarket trading. Well at least it is only one company, oh hold it, nope that's not right, Fed Ex is considered a way to measure online purchases. This could mean some of these new online fad companies like Amazon.com could miss their earnings. Oh, wait, I'm being told Amazon.com is not a new fad company but a major fortune 500 company.
Not a problem, let's see if we can find some of those elite stock analysts to explain this to us. Hmmm, I'm being told everyone is running to their bunkers and they won't be back until after the apocalypse is over.
The Dominoes begin to fall
In a 5 a.m. statement, the White House announced a “tentative agreement” that will give rail workers 24% pay raises over the next several years, $5,000 bonuses, as well as a modest sick leave allowance.
A 24% pay raise and $5,000 bonus. There are many people who can no longer make ends meet so they also will be striking. Inflation has been about 25%, so 24% pay raise makes sense, but if others get a 24% pay raise as well inflation will continue to climb. How about teachers, police, firemen, construction workers, and restaurant workers? How about cashiers at Walmart and stockers at the grocery store. We are days away from a total collapse of the economy. Not months, and maybe less than one month.
In a 5 a.m. statement, the White House announced a “tentative agreement” that will give rail workers 24% pay raises over the next several years, $5,000 bonuses, as well as a modest sick leave allowance.
A 24% pay raise and $5,000 bonus. There are many people who can no longer make ends meet so they also will be striking. Inflation has been about 25%, so 24% pay raise makes sense, but if others get a 24% pay raise as well inflation will continue to climb. How about teachers, police, firemen, construction workers, and restaurant workers? How about cashiers at Walmart and stockers at the grocery store. We are days away from a total collapse of the economy. Not months, and maybe less than one month.
This may be your last chance
The reason to talk about his is so you can prepare. It is crucial to know in detail what is going on so you can prepare properly.
So let's go through this so everyone understands this isn't simply crying wolf.
If you liken our economy to an airplane we have two engines. House sales and Car sales. Think of how many jobs are involved in building houses with all the various things that are in that house from carpet to appliances, furniture, electrical, plumbing, concrete, etc. Not only so but everyone buys a house with a mortgage so banks and insurance companies also get a piece of the pie. Then on top of that you have utilities and other services you pay for.
The same is true of car sales.
Then all the other jobs, teachers, police, restaurants, shopping malls, are all servicing the people working in these industries.
Now both of these industries work on credit. Most if not all people who buy a new car do so on credit and the same is true of a house.
Suppose I want to buy a $500,000 house with $100,000 down payment and have a mortgage of 400,000. If you increase the interest rate by 3% which is what we have seen in the last few months, then your monthly house payment goes up by about $740. So what happens, a house you could have afforded you now can't afford. You can buy a cheaper house or the person selling the house has to drop their price dramatically. You would have to drop the asking price by $120,000 for the monthly payment to be the same. So imagine you bought your house for $400,000 you thought it had risen in value to $500,000 over the last five years, and you have some equity as a result of making your payments. After selling the house you were hoping to walk away with $200,000 that you could put into your next house. Now instead you get $80,000. This will be devastating to the economy.
Many people use home equity loans to finance purchases. That will end. You don't have to sell the house to think you have 200k in the piggy bank.
This is what we are seeing, both engines to this plane have blown up. Projected house sales have plummeted with everything that goes along with that. Usually we would see the job losses as well but since Covid was sending relief funds for the last year or so that has all been delayed.
Now consider this, it doesn't matter what the reason is that someone doesn't buy a house, if you don't buy a house people lose their jobs. It could be that the person selling can no longer afford to sell, it could be that no one is moving to better paying jobs, it could be that someone can't afford to buy the house, or it could be that the builder can't finish the house because they are waiting on some crucial part like the windows. The same is true with cars. Our economy is based on transactions, if the transactions stop the economy crashes, it doesn't matter what the reason is. Fed Ex recently warned that the transactions have crashed. Interest rates have gone up 3% telling us that the transactions will crash.
So what do you do? Generally if you see the stock market going down you buy bonds. But you can't do that here because interest rates are rising and bonds are crashing. But no problems, if the US is having trouble invest in Europe. There situation is worse than ours. OK, if Europe is in trouble too then invest in China. Can't do that their real estate bubble has popped and they have a run on the banks. They are ahead of the curve on the collapsing economies.
So then in this situation you raise your tray table, return your seat to its upright position, securely fasten your seatbelt and put your head between your knees. Now that you are in this position you pray.
The reason to talk about his is so you can prepare. It is crucial to know in detail what is going on so you can prepare properly.
So let's go through this so everyone understands this isn't simply crying wolf.
If you liken our economy to an airplane we have two engines. House sales and Car sales. Think of how many jobs are involved in building houses with all the various things that are in that house from carpet to appliances, furniture, electrical, plumbing, concrete, etc. Not only so but everyone buys a house with a mortgage so banks and insurance companies also get a piece of the pie. Then on top of that you have utilities and other services you pay for.
The same is true of car sales.
Then all the other jobs, teachers, police, restaurants, shopping malls, are all servicing the people working in these industries.
Now both of these industries work on credit. Most if not all people who buy a new car do so on credit and the same is true of a house.
Suppose I want to buy a $500,000 house with $100,000 down payment and have a mortgage of 400,000. If you increase the interest rate by 3% which is what we have seen in the last few months, then your monthly house payment goes up by about $740. So what happens, a house you could have afforded you now can't afford. You can buy a cheaper house or the person selling the house has to drop their price dramatically. You would have to drop the asking price by $120,000 for the monthly payment to be the same. So imagine you bought your house for $400,000 you thought it had risen in value to $500,000 over the last five years, and you have some equity as a result of making your payments. After selling the house you were hoping to walk away with $200,000 that you could put into your next house. Now instead you get $80,000. This will be devastating to the economy.
Many people use home equity loans to finance purchases. That will end. You don't have to sell the house to think you have 200k in the piggy bank.
This is what we are seeing, both engines to this plane have blown up. Projected house sales have plummeted with everything that goes along with that. Usually we would see the job losses as well but since Covid was sending relief funds for the last year or so that has all been delayed.
Now consider this, it doesn't matter what the reason is that someone doesn't buy a house, if you don't buy a house people lose their jobs. It could be that the person selling can no longer afford to sell, it could be that no one is moving to better paying jobs, it could be that someone can't afford to buy the house, or it could be that the builder can't finish the house because they are waiting on some crucial part like the windows. The same is true with cars. Our economy is based on transactions, if the transactions stop the economy crashes, it doesn't matter what the reason is. Fed Ex recently warned that the transactions have crashed. Interest rates have gone up 3% telling us that the transactions will crash.
So what do you do? Generally if you see the stock market going down you buy bonds. But you can't do that here because interest rates are rising and bonds are crashing. But no problems, if the US is having trouble invest in Europe. There situation is worse than ours. OK, if Europe is in trouble too then invest in China. Can't do that their real estate bubble has popped and they have a run on the banks. They are ahead of the curve on the collapsing economies.
So then in this situation you raise your tray table, return your seat to its upright position, securely fasten your seatbelt and put your head between your knees. Now that you are in this position you pray.
https://www.thegatewaypundit.com/20...egative-3rd-quarter-growth-third-quarter-row/
BREAKING: Atlanta Fed Announces Negative 3rd Quarter Growth for THIRD QUARTER IN ROW!
As you know the definition of a recession is two negative quarters of growth during a republican administration. Fortunately for us we are in a Democratic administration, however, it is possible that we will learn from Karine Pierre that this negative growth could be a result of Trump and so this might be an official recession, stay tuned.
BREAKING: Atlanta Fed Announces Negative 3rd Quarter Growth for THIRD QUARTER IN ROW!
As you know the definition of a recession is two negative quarters of growth during a republican administration. Fortunately for us we are in a Democratic administration, however, it is possible that we will learn from Karine Pierre that this negative growth could be a result of Trump and so this might be an official recession, stay tuned.
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