The Greatest depression is coming, are you ready?
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US Taxpayers Could Be on the Hook for Credit Suisse Bailout, Expert Warns
Following an emergency announcement on Sunday evening, the Federal Reserve loaned the Swiss National Bank (SNB) $101 million through its dollar swap facility. If the loan is not repaid by next week, U.S. taxpayers will foot the bill, an analyst told The Epoch Times.
https://www.theepochtimes.com/us-ta...utm_source=partner&utm_campaign=BonginoReport
Following an emergency announcement on Sunday evening, the Federal Reserve loaned the Swiss National Bank (SNB) $101 million through its dollar swap facility. If the loan is not repaid by next week, U.S. taxpayers will foot the bill, an analyst told The Epoch Times.
https://www.theepochtimes.com/us-ta...utm_source=partner&utm_campaign=BonginoReport
Think of what is happening as a reservoir rising until the dam bursts.
The reason this reservoir is rising is because interest rates are rising, and this "water" is debt worldwide. As interest rates rise, the value of US debt being held around the world decreases, and when you get to the critical level the dam bursts.
These prophecies are telling us the critical level is 30%.
Now silver has already risen 30% against the dollar, did that from October to January 1. That is probably what has started the collapse of three banks in the US, two of which are some of the largest bank collapses in US history as well as the collapse of Credit Suisse. However, I think this 30% mark is referring to gold. In order for Gold to increase 30% against the US dollar it will have to hit $2,100 an ounce. If you see that, then I suspect the dam collapses and we will see all the rest of these prophecies fulfilled in rapid order.
https://rumble.com/v2ezmh4-the-order-of-future-events-03272023.html
The Order of Future Events 03/27/2023
The reason this reservoir is rising is because interest rates are rising, and this "water" is debt worldwide. As interest rates rise, the value of US debt being held around the world decreases, and when you get to the critical level the dam bursts.
These prophecies are telling us the critical level is 30%.
Now silver has already risen 30% against the dollar, did that from October to January 1. That is probably what has started the collapse of three banks in the US, two of which are some of the largest bank collapses in US history as well as the collapse of Credit Suisse. However, I think this 30% mark is referring to gold. In order for Gold to increase 30% against the US dollar it will have to hit $2,100 an ounce. If you see that, then I suspect the dam collapses and we will see all the rest of these prophecies fulfilled in rapid order.
https://rumble.com/v2ezmh4-the-order-of-future-events-03272023.html
The Order of Future Events 03/27/2023
Consider this.
Gold is up 20% from the Russell 2,000, the small cap businesses.
Gold is up 40% from Amazon.com, indicating the purchases of the middle class.
The US dollar has to be somewhere in between those. So by many different measures we are close to that 30% measure. Again, $2,100 for gold should be viewed as a red line.
Gold is up 20% from the Russell 2,000, the small cap businesses.
Gold is up 40% from Amazon.com, indicating the purchases of the middle class.
The US dollar has to be somewhere in between those. So by many different measures we are close to that 30% measure. Again, $2,100 for gold should be viewed as a red line.
Over the last 50 years the US dollar has lost 86% of its value.
So if you had put money into a long term investment that earned 5% a year, over 50 years $100 would have become $800, however $800 in 2022 equals $112 in 1972. So in reality your $100 increased in value by $12 or about 0.25 per year. However, that does not include the tax on your earnings. So in reality you probably at most, depending on where you live, would make $9 on your $100 over a 50 year time frame.
Some may think that they can do better than 5%. Perhaps in the stock market they would earn 10%, however, you have to pay tax on your earnings every time you trade the stock. However, 9 out of 10 Fortune 500 companies from 1955 are gone. If you had a mutual fund you would have been required to pay tax annually. But then they pull an outrageous scam. You invested $100 after 50 years you are paid back $800. They calculate the $700 is your taxable earnings. At 25% that is $175. So, after taxes you have $625, but they are worth 86% less, that is $87.50 in 1972 dollars.
My point is the average inflation rate in the US for the last fifty years is 3.8% and at that rate it is very difficult to make money investing. At 6% the economy collapses.
So if you had put money into a long term investment that earned 5% a year, over 50 years $100 would have become $800, however $800 in 2022 equals $112 in 1972. So in reality your $100 increased in value by $12 or about 0.25 per year. However, that does not include the tax on your earnings. So in reality you probably at most, depending on where you live, would make $9 on your $100 over a 50 year time frame.
Some may think that they can do better than 5%. Perhaps in the stock market they would earn 10%, however, you have to pay tax on your earnings every time you trade the stock. However, 9 out of 10 Fortune 500 companies from 1955 are gone. If you had a mutual fund you would have been required to pay tax annually. But then they pull an outrageous scam. You invested $100 after 50 years you are paid back $800. They calculate the $700 is your taxable earnings. At 25% that is $175. So, after taxes you have $625, but they are worth 86% less, that is $87.50 in 1972 dollars.
My point is the average inflation rate in the US for the last fifty years is 3.8% and at that rate it is very difficult to make money investing. At 6% the economy collapses.
At our current inflation rate of 6.5% the dollar is worthless in 50 years. Obviously things could change, but the pressure on investors to get a return is ridiculously high forcing them to take extreme risks which should cause many more bankruptcies.
Also in my previous example with $100 earning you $9 over 50 years I did not include the brokers fee.
It is one thing to say the house always wins meaning 60% of bets they win, but when they win 96% of bets no one is going to return to that casino.
Now here is the problem, we absolutely depend on foreign countries to buy US bonds (that is them placing bets in the US casino). They aren't stupid. No one with half a brain would continue betting in this casino, hence the exodus of capital. If they sell US bonds it will force the interest rate on the bonds higher causing US economy to collapse and also bankrupting the US government. If they convert dollars to another currency it will cause a liquidity crisis in our banks causing them to sell bonds, which in turn results in realized losses which in turn will cause more bank failures.
Also in my previous example with $100 earning you $9 over 50 years I did not include the brokers fee.
It is one thing to say the house always wins meaning 60% of bets they win, but when they win 96% of bets no one is going to return to that casino.
Now here is the problem, we absolutely depend on foreign countries to buy US bonds (that is them placing bets in the US casino). They aren't stupid. No one with half a brain would continue betting in this casino, hence the exodus of capital. If they sell US bonds it will force the interest rate on the bonds higher causing US economy to collapse and also bankrupting the US government. If they convert dollars to another currency it will cause a liquidity crisis in our banks causing them to sell bonds, which in turn results in realized losses which in turn will cause more bank failures.
Rob from the poor and give to the Rich
In case you have not been following this story.
SVB had some very big accounts from donors to the Democratic party and from the Chinese. They weren't insured. So when the bank collapsed the administration immediately stepped in to say all those deposits would be insured even though the insurance was only for the first 250k. Well, there is no free lunch, someone has to pay for it and one way or another it will be you. Biden didn't lie when he said taxpayers wouldn't pay, no it will be people who have bank accounts will pay.
FDIC moves to force big banks to pay 'special assessment' after Silicon Valley Bank collapse
https://thepostmillennial.com/fdic-...licon-valley-bank-collapse?utm_campaign=64487
In case you have not been following this story.
SVB had some very big accounts from donors to the Democratic party and from the Chinese. They weren't insured. So when the bank collapsed the administration immediately stepped in to say all those deposits would be insured even though the insurance was only for the first 250k. Well, there is no free lunch, someone has to pay for it and one way or another it will be you. Biden didn't lie when he said taxpayers wouldn't pay, no it will be people who have bank accounts will pay.
FDIC moves to force big banks to pay 'special assessment' after Silicon Valley Bank collapse
https://thepostmillennial.com/fdic-...licon-valley-bank-collapse?utm_campaign=64487
Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal:
Consider Social Security. The government takes a portion of every paycheck to save for your retirement. Then based on how much you gave in they will give it back to you with interest. So why is there a problem with Social Security? Stock market has been up all these years, you would think all that money deposited to Social Security would have grown with interest just as we were told. Actually what happened is the government saw your retirement fund and borrowed it. True they put "IOU's" in the place of the money they borrowed. But that is a scam. Some politician borrowed your money in the 1990s, he isn't around when it is time to pay you in 2030. If US bonds are defaulting imagine what will happen to those IOUs. Everyone knows they are worthless.
The reason that Social Security has not defaulted yet is because those working are paying into it, but that is not going into a fund for their retirement, no, it is paying for those who have already retired. Now with the vaccine we have a 11 sigma event with people who are working getting sick and dying at a rate that was unthinkable two years ago. Without those people paying into Social Security you are moving towards default at an alarming rate.
Consider Social Security. The government takes a portion of every paycheck to save for your retirement. Then based on how much you gave in they will give it back to you with interest. So why is there a problem with Social Security? Stock market has been up all these years, you would think all that money deposited to Social Security would have grown with interest just as we were told. Actually what happened is the government saw your retirement fund and borrowed it. True they put "IOU's" in the place of the money they borrowed. But that is a scam. Some politician borrowed your money in the 1990s, he isn't around when it is time to pay you in 2030. If US bonds are defaulting imagine what will happen to those IOUs. Everyone knows they are worthless.
The reason that Social Security has not defaulted yet is because those working are paying into it, but that is not going into a fund for their retirement, no, it is paying for those who have already retired. Now with the vaccine we have a 11 sigma event with people who are working getting sick and dying at a rate that was unthinkable two years ago. Without those people paying into Social Security you are moving towards default at an alarming rate.
Doesn't matter the dollar is already being replaced.
End of the Dollar: India Uses Rupees Rather Than US Dollars for International Trade – 18 Countries Agree to Trade in INR
https://www.thegatewaypundit.com/20...nal-trade-18-countries-agree-to-trade-in-inr/
End of the Dollar: India Uses Rupees Rather Than US Dollars for International Trade – 18 Countries Agree to Trade in INR
https://www.thegatewaypundit.com/20...nal-trade-18-countries-agree-to-trade-in-inr/