The Greatest depression is coming, are you ready?

Yellen Stunned! China Dumps $481.3B in U.S. Bonds, Invests in 6,927 Tons of Gold

Floods Hasten China's Economic Collapse, Citizens Bear Hundreds of Billions Lost

No Room for Negotiation! China Unleashes $11.3B US Bond Sell-Off, Bolsters Gold Reserves Against USD

A bunch of countries sold US debt and supposedly UK and Ireland bought the equivalent amount. I have heard that this purchase was fake, that it was the Fed that bought it and used UK and Ireland as the "front men". In other words the US is already defaulting on debt and just printing money to pay debts.

Consider this, the US collects $5 trillion a year in tax revenue and has $7 trillion spending bills.

Some erroneously compare this to someone buying a house with a mortgage. What is the US buying with that extra $2 trillion? We aren't buying anything, we are paying interest on our $32 trillion debt.

Put this into perspective. Suppose you you make $100,000 a year, but you spend $140,000 a year because the interest on your credit cards is $40,000 a year and to pay that interest you are borrowing money. Is this sustainable?

I'm as ready as I'll ever be for the greatest depression... and that's not very ready in terms of having food and whatnot.

Worse Than Evergrande, China's No.1 Real Estate Company Goes Bust-Country Garden/Darkest Hour Comes

These are big, giant dominoes falling. Longfor Properties is also set up to collapse.

These big developers going bust will definitely cause the property to be sold off at a massive discount bringing down the value of all real estate assets. Hence the developers and banks will collapse.

SHOCKS the WEST! Europe in Panic as China Cancels $100 Billion Car Order from Germany.

This is full of very good data

Mortgage demand hits lowest level in nearly three decades
by Zachary Halaschak, Economics Reporter
August 23, 2023 01:41 PM

https://www.washingtonexaminer.com/policy/economy/mortgage-demand-lowest-level-three-decades

150+


No Mark? No Food! 08/25/2023

U.S. TREASURY SELL-OFF SHAKE-UP! Risks of Rising Yields & Global Investor Concerns! |AsianQuickTake


At the same time we learn that China's debt may be double what we thought due to hidden debt from their local governments.

"Expect Food Shortages AGAIN This WINTER" - Grocery Store Manager Warns

The US dollar is done, the writing is on the wall


You have 80% of oil exporters, majority of oil importers, and 70% of people dedollarizing, and why are they doing it? Because of the inflation on the US dollar when they have spend thrift spending plans.

We are in an economic war with China and any lead we might have had in 2017 has evaporated.

"We are in the strongest job creating period in our history" -- Joe Biden, September 2023.

Mysterious Brown Things at the White House Mysteriously Disappear


"And at the same time inflation continues to fall" -- Joe Biden, September 2023

And then runs away without answering questions.

Leaked Report! China’s Economic boom Was a Fraud & Now The World Knows It

Country Garden is going to go under and bring down the rest of the real estate market. Their bonds have dropped 70% in value. 85% of homes in China are sold before they are built and many people pay their mortgages before the homes are built.

China is uninvestable, exports have plunged, GDP has dropped significantly.

Real estate in China makes up 30% of the GDP, about twice what it is in the US.

Wow! Many countries economies and currencies are on the brink of collapse. When that happens they will be forced to sell their US debt. I'm thinking of Japan, China and Germany. But suppose that the US is the Great Babylon and they are destroyed in a single hour and all of a sudden that "golden parachute" of your US bonds is immediately worth 0! It will be a stunning collapse. The 911 attack costs about $35 billion and it almost brought down our insurance industry. This collapse will be much greater than $35 trillion. If 911 were a 7.0 Earthquake, this will be a 10.0 Earthquake. You can see how in one hour the entire economic outlook for the entire world changes dramatically, catastrophically. This is why in such a desperate situation they would all agree to the Mark of the beast and the beheading of anyone who refuses.

URGENT! $1.5 Trillion Bank Run Happening Now