The Greatest depression is coming, are you ready?

Yes we have already seen a foretaste where they mandated an experimental vaccine that kept you from getting Covid, which they later corrected to say they kept you from getting as sick as people without the vaccine, which a study just corrected to say that getting the vaccine raised your odds of getting sick with Covid.

But they also used this mandate to attack and vilify those who didn't get the vaccine as though they were endangering the health and welfare of those that did. We saw them talk about putting the unvaccinated into camps, and preventing them from buying or selling, and as an excuse to have a digital passport with your vaccination status.

The Lord will go through the tribulation with all those who are His that are left behind. Put your full trust in Him, He can feed 5,000 with a few loaves of bread, He can heal, He can do all the miracles we need to make it through.

This spending bill is good for Americans

The oligarchs who wanted this bill are, in many cases, Americans. This bill is great for the Democrats, the RINOs and Joe Biden, they are all Americans. People forget that even the 1% can be Americans. So even if the bill is horrible for 80% of Americans and good for only 1% it is still true to say it is good for Americans. 1% of America is over 3 million people.

They have lost all credibility and trust

Biden Labor Department Announces Massive Revision To Wage Data, Revealing Much Worse Outlook

The Department of Labor’s Bureau of Labor Statistics (BLS) revised a wage growth estimate by a massive margin, showing real wages actually declined in the fourth quarter of 2022, the agency reported on Thursday.

In March, the BLS previously reported a fourth-quarter increase of 4.9% for hourly compensation in nonfarm businesses, but updated it to a decrease of 0.7% on Thursday, according to its revised Productivity and Costs report. At the same time hourly wages fell, inflation rose, leading to a 4.7% decline in “real hourly compensation, which takes into account consumer prices,” according to the BLS.

The BLS had previously estimated that real hourly compensation increased by 0.7% in the fourth quarter of 2022, according to the revised report.

One guy explained how phony is the BLS. If you had owned a restaurant that went bankrupt and so now had to go get a job as a waiter you would be counted as a new job. Many of the jobs that were "added" were actually people getting second jobs because they can't pay the bills. When they did a household survey about who is working they discovered that the number of people working has decreased. The problem with lying about this kind of data is that you spook investors and they won't trust anything you say and therefore they will flee your market altogether. The reason the whole world invested in the NYSE is because they trusted it. Lose that trust and the whole world will flee that market.

The lie they were telling was that although we had inflation the economy was still doing very well and we were not seeing any signs of recession. Now we know that is a lie, the economy is not doing well and we are seeing a recession on top of inflation.

When I was a stock broker I learned a very valuable lesson, I would pick a stock that I felt would go up and when I would share the reasons I felt that it would go up others would respond with reasons they expect it would go down. The same was true of stocks I felt were going to go down, you would hear many reasons why it would go up.

Then I learned a very hard lesson. Bad news would come out and yet the stock market would go up! That is when I learned that bad news for the average person is good news for the people who own companies. For example, if unemployment is going up you would think that is bad news, but not for the stock market, higher unemployment means they can pay less to their workers and have an easier time filling vacancies.

So then what do you do?

You cannot be superficial. You have to look at the news and figure out for yourself what this means.

The biggest news right now is AI (not the war, not inflation, not rising interest rates, not unemployment or bankruptcies). The reason AI is such big news is that it is now possible to replace trainees and incoming workers with AI. This will save companies a lot of money, and so it will result in great efficiencies. It will also mean much higher unemployment. If you have higher unemployment you will also have lower demand for goods, hence there will be even more pressure on businesses to become leaner and more efficient. So the more they adopt AI the more everyone will have to adopt AI. Also if AI is improving at this incredible exponential rate it doesn't matter if it isn't quite as good as a new employee, it will be as good and better in no time at all. Meanwhile every hire you make comes with a variety of risks and potential lawsuits when you no longer need them. All of that will be factored into the equation when hiring.

For example, consider AI who scored in the top 20% of those who take tests in various law exams. Would you prefer someone who scored in the top 5%? Let's consider, the AI will work 168 hours a week, it will perform tasks at a fraction of the time it takes a person to do the same task, and it is improving exponentially, it is very reasonable that in one year it will be scoring in the top 5%. Also this AI scores in the top 20% on medical exams, engineering exams, math exams, accounting exams, etc. How does the guy with the top 5% in law do on these other subjects? Wouldn't you think having a wide variety of expertise to be helpful? Do you really want to hire a new worker with all the problems you might have instead of the AI?

Again, what is very bad news for the student in law school is great news for the law firms. Likewise with truck drivers, uber drivers, factory workers, graphic arts designers, computer programmers and a whole host of other jobs.

You have to think like the personnel department of fortune 500 companies. Regardless how good the education is at a university most people get much of their training while on the job. When I was a teacher it took most teachers 3-5 years to become proficient at their job despite having a graduate degree and having been a student teacher. If this is typical of white collar jobs you have to think of where AI will be in 3-5 years and is it worth training the new employee or would you be better off getting AI now to help with the load for your existing workforce.

When you go into a recession you start with a "hiring freeze" prior to the layoffs. I suspect that is where we are at right now. They are training people in these big firms on how to use AI to maximize efficiency and productivity and very soon they will be implementing a hiring freeze. Again, that may be terrible for the worker or for the college graduate, but it is great for the owner of the company and the stock market. Obviously it is not sustainable as demand will drop.

But that brings up the other lesson, the stock market is like the Indy 500, these companies have the pedal to the metal, they are always borderline crashing and burning. We think war is terrible, but for business it can be great. Biden just got an unlimited checkbook to pay any price for the war in Ukraine, so you know that is great news for contractors that supply the weapons. You may think the open borders with six million illegals is horrible, but it is good news for businesses that employ them. Illegals work for less than those who are here legally, they don't get benefits, and if they complain you simply have ICE deport them. Same thing with inflation, is inflation really that bad for the stock market? Suppose we have 7% inflation and the stock market is up 6%. It looks good, it seems like the stock market is going up, however, in reality inflation has taken everything away. If people were honest they wouldn't talk about the stock market going up without including the inflation rate. For example, the market was up 5% last year while we had 3% inflation so in reality you were up 2%. You will never hear that on MSNBC or any other network.

So then, going back to my job as a stock broker. I sold Sunbeam when Al Dunlap took over because I knew he would fire people, make the company leaner and more profitable in the short term. Obviously long term this could be horrible, but short term is what investors want to see and sure enough the stock rose dramatically in the first few months.

This is the picture we get from the Lord -- the fat cats will be eating and drinking, celebrating and devouring everything in sight, they will be marrying and giving in marriage, you will see them consolidate, become bigger, more efficient, right up to the day the flood comes and destroys them all. None of these businessmen is worried about society as a whole, they are only concerned about their small kingdom and figure the world will take care of itself.

50,000 Retail Stores Closing + Terrible Jobs Report + Stock Market AI Super bubble

VENEZUELA Faces Total Collapse. Largest Oil Reserves but 436% Inflation, Debt Default, Cash Crisis

He lists 17 countries that are experiencing economic collapse and runaway inflation.

This is amazing


So these trucks that bring the harvesters to the wheat fields were weighed at about 50 tons when they left but then the government scale has them at 52 tons which is overweight and so they refuse to let them pass without a big fee. As a result the harvesters can't get to the fields and so the wheat gets ruined in the fields. Because of this the price of wheat in China skyrockets.

So is this a corrupt government official trying to balance their budget with a false scale and big fees? Or is this some government official trying to make a killing by buying up wheat futures? In other words is this some stupid government official with an idiotic plan on how to balance their budget deficit or is it some super slick evil person trying to make a killing on the market?

Either way people in China will starve and farmers will go bankrupt.

Over the last 12 months silver is up 7% and the Dow is down 22%.

Over the last two years the Dow is down 27%.

Please note this is not adjusted for inflation which of course would make this much worse.

Also the ten year treasury bond is down 25% from a year ago. The rich, and the pension funds, and the banks and the insurance companies are all getting hammered.

global famine coming as ordered by the corrupt elite?

It is an effective way to get compliance

THE SKY IS FALLING!!!! THE SKY IS FALLING!!! We're all gonna die (but probably not until after dinner).

I have been watching a Netflix special on the Fukushima Tsunami and nuclear disaster.

I was not aware of how terrible the disaster was. However, I did notice a few things.

1. As soon as the Tsunami hit they could have avoided some of the catastrophe if they had gotten 11 car batteries and put them into sequence (they wind up doing this several days later, too little too late). That would have allowed them to monitor what was going on in the reactor, to open up cooling and vents as needed. They had no guidelines because no one had forseen this disaster. After a disaster like this people are in shock, their are a whole lot of things going on so it took them time to figure out they needed to do this.

2. The emergency diesel generators were damaged by the Tsunami because they were underwater. However, they had a command center on a hill overlooking the reactors. If the diesel generators had been in the command center there would not have been any Fukushima catastrophe at all. Now there is no way when they built this they didn't consider that Japan was tectonically active, experiencing a lot of earthquakes and that they had been hit by Tsunami's in the past. It was inexcusable to my feeling that a potential Tsunami was not part of the design considerations.

3. One of the big problems was that pressure built up and caused several explosions. They knew the pressure was building up but in order to open the vents you have to walk past the reactor and by that point the radiation was too high to do that. How idiotic a design flaw is that? Why not have a valve similar to what is on a pressure cooker, where once the pressure is risking a catastrophic explosion the valve opens? Or why not have a lead line car that you can move about inside the containment vessel which would offer very substantial protection from radiation? Or why not make it so the valve can be opened from outside the containment vessel? It is a vent that leads outside the containment vessel, why do you need to go inside to open it?

Instead the special shows how helpless they were. All of that could have been avoided if they had taken proper action prior to the catastrophe. Once the catastrophe hit it was next to impossible to deal with. This was Japan, a country that is generally considered to be one of the premier engineering countries in the world.

Well it is the same with these warnings we are giving now. You can heed them and very easily prepare. For example I have bought a lot of food from Joseph's kitchen, it is much cheaper than the food at the grocery store so even though it costs me more up front, over the long term it will save me thousands of dollars. Also it is much better food than you would get from the grocery store, I have wheat which I grind when I want to make bread. So I can eat better and save money and I have plenty of food in the event of catastrophe.

Also, we moved here a year ago, we were going to buy a house but it was at the very top of the market. Because I was watching this I realized that. Already houses are coming down by 10-20% in price and we can estimate that they will get much cheaper still. With layoffs and rising interest rates for mortgages you can expect house prices to come down or else for foreclosures to become more plentiful. Also, we now know that many banks will either go bankrupt or be in serious straits over their commercial real estate and bond portfolios. This also should make it easier to pick up a foreclosure.

Your response with this "sky is falling" is, in my opinion, idiotic. The purpose of these warnings is so people can prepare for what is coming and it is so much more obvious today, after this $4 trillion fiasco of a spending bill, that this catastrophe is coming like a runaway train.

Mortgage applications down 54%

https://www.youtube.com/shorts/5-DblfmfCNw

"It is starting and it has never been this bad"


88% Of Commercial Real Estate Loans Face Default That Will Trigger A Financial Crisis Worse Than 08

This is stunning!

When looking for an investment there are three factors you look at:

Risk vs Reward, some stocks might double they also might go bust.

Liquidity -- some investments might do well like your house but they aren't liquid, meaning it can be hard to get your cash from them.

Tax consequences -- there are capital gains taxes that you have to account for, there are brokerage fees, etc.

For example, the Dow Jones industrial average is up 30x from the 1970s, that is the "reward". However, the only company that is still on the Dow from the 1970s is Proctor and Gamble. The other 29 have since been delisted. So If you bought a big, profitable stock in the 1970s you have a 95% chance that the stock you bought has underperformed the Dow. Proctor and Gamble by comparison has also risen 30x so it has kept pace with the Dow. If you had bought a fund that tracked the Dow you would have paid fees in addition to the taxes when you sell it. So your realized gain would be about a 21x increase. If you have invested in Proctor and Gamble you might have done a little better because you might have avoided some fees. If you had invested in the other 29 stocks on the Dow you would have done much worse.

So then $100 invested in the Dow in the 1970s would be worth $2100 today (after you sell it and pay the capital gains tax).

Now compare that with Gold if you had bought $100 worth of Gold in the 1970s it would be worth $5500 today. No taxes, no capital gains, no fees, the lowest risk investment you can get, the most liquid investment and 0 tax.

Also you can pass gold down to your heirs without any inheritance tax!

Bad time to buy a house

Hey, Biden said their would be consequences from Saudi Arabia cutting production, and you know what, there will be consequences.