We’re all living on borrowed time. What else is new.
Ignoring that the Federal gov’t protects terrorists
entering the Republic by the millions (opposite what
it is Constitutionally-supposed to do),
while it conducts treason covering up treason at the
highest levels,
inflation is only caused by the Fed printing money
it does not have, to payoff Congress, the DO”J”,
and itself.
On August 24th 2019, the reckless #CentralBankers, “advised” by even more reckless @BlackRock
, gave the go-ahead for #GoingDirectReset
https://twitter.com/Thomas_Binder/status/1716738147361390704
Sooner or later the doom sayers will be right. But in the meantime, they intend to cash in on their dire predictions.
I see a similarity between financial doomsayers and climate change whores.
The bulk of debt and of the growth in debt has come from mortgages on new home purchases. Most were originated at rates far lower than this year’s so I don’t think that the default rate will increase much.
Massive social spending due to massive, unchecked entry by third world trash into this country. Until there are real borders, spending cannot be brought under control or America’s future be secured.
.
“Slowly then suddenly” is pretty much the way it’s gonna be…
This is a intentional collapse of the system to force a new banking system.
Brought to by Blackrock and the US Fed Reserve.
Everything is awesome!
Texas Manufacturing Sector Contracts for 18th Month
United States Dallas Fed Manufacturing Index
The Federal Reserve Bank of Dallas’s general business activity index for manufacturing in Texas fell to -19.2 in October of 2023, down from -18.1 in the prior month, and marking the 18th consecutive negative reading to suggest a sustained deterioration in business conditions. The developments occurred as new order levels fell at a faster pace (-5.2 vs -8.8 in September), aligned with toughening consumer appetite as the Federal Reserve maintained its aggressively hawkish outlook for monetary policy. While slowing further, output growth remained positive (5.2 vs 7.9) due to a sharp decline in unfilled orders (-12.9 vs 0.4). In the meantime, shipments (-1.4 vs -1.1) declined, and both wages (24.4 vs 34.8) and employment (6.7 vs 13.6) slowed. Still, prices paid for raw materials slowed considerably (13.6 vs 25), but remained positive for the 42nd consecutive month.
Dollar Edges Lower
The dollar was around 106.3 on Monday, as traders await the FOMC decision and key economic data including the JOLTS, the payrolls report and the ISM PMIs later in the week for further updates on the strength of the US economy. The greenback is set to end the October month little changed around one-year highs, amid expectations the Fed will keep borrowing costs elevated for some time and as the US economy continues to be much more resilient than other major ones. On Monday however, one of the biggest selling activity was against the Euro after upbeat inflation and GDP figures for Germany lifted the common.
The conversion of massive amounts of relatively low interest debt to the higher interest rates of today is going to be a disaster... the debt alone was disaster enough, now that we will be paying double or triple the interest on it when it is forced to convert is going to be a flat out disaster.
If the Dems succeed in destroying the country, what authority will protect them from the wrath of the people? From inside what impenetrable bubble do they exist? They will find it is not so impenetrable after all.
Consumer demand is increasing?
Unlikely, in my opinion.
The total NUMBER of consumers is increasing.
New illegal immigrants are crossing the border at 10,000 per day.
USA government agencies are paying their rent, their grocery bill, their medical bills, and their K-12 education bills - all of it with borrowed (or printed) money.
This speculative balloon is going to pop.
When, is the only question.
History shows that governments can borrow or create money for a LONG time.