Posted on 05/07/2024 7:34:54 PM PDT by Roman_War_Criminal
The Federal Reserve is stuck between a rock and a hard place. If the Fed pushes rates higher, interest payments on our 34 trillion dollar national debt could spin wildly out of control and bank balance sheets will be in even worse condition than they are now. First Republic just bit the dust, and literally thousands of other small and mid-size banks and in serious jeopardy. So it would be suicidal to hike rates at this point. But if the Fed were to reduce rates, that would be like injecting jet fuel into a raging fire. Our ongoing inflation crisis is absolutely crushing working families, and the rising cost of living has risen to the top of the list of things that U.S. voters are concerned about. The Fed seems very hesitant to cut rates, because that would make inflation even worse. So at this point the Fed is essentially caught in a “deer in the headlights” moment because it doesn’t know which way to go.
But staying on the path that we are currently on is only going to end in disaster.
Mark Spitznagel, the chief investment officer of Universa Investments, recently warned that he believes that the “worst market crash since 1929” is ahead of us…
One of Wall Street’s most bearish skeptics told Business Insider last month that he thinks the “worst market crash since 1929” is coming.
For years, our leaders have been “kicking the can down the road”, but according to Spitznagel all of that intervention has set the stage for an absolutely epic collapse…
In an interview with New York Magazine’s Intelligencer last year, Spitznagel likened the Fed’s “constant monetary intervention” to forest fire suppression.
(Excerpt) Read more at theeconomiccollapseblog.com ...
Ditto.
My favorite Crumit song is "I Learned About Women From Her".
These market collapse predictions go on constantly and eventually one will be right and the “I told you so” will come from the one who’s prediction comes closest.
Markets go up, markets go down I predict it will continue to do so.
I also predict precious metals will go up and down.
I predict when civilization collapsed a bottle of vodka and possibly waterwill be worth more than an ounce of gold.
FDIC "insured" deposits are WORTHLESS once everything implodes, if that does in fact happen.
this
It's not the insurance. It's the stability. As a general rule, CUs are much more secure than banks. I deal with one that boasts the 7th best rating in the nation. Get out of the banks.
And, when it's time to pull out before the crash, they will. And, leave you holding worthless paper.
Can you say Weimar Republic?
Yep. That's because they will both be that hard to get.
Kooky news for kooks.
The FED currently holds something in excess of $5trillion of US debt on its balance sheet. I believe before things reach critical mass they will wave the magic wand and that will disappear, giving them a bit more time and room to maneuver.
The answer to most all of America’s problems is LESS Washington, much less.
The DJT trial occuring now deals with stuff what occurred over fifteen years ago. Yet six months before the election the case is in court.
I’m sure the Fed can hold out another six months to make sure any crash occurs after the next election. So in the event DJT prevails it will be on his watch.
Proverbs 23:4-5:
4 Do not weary yourself to gain wealth, Cease from your consideration of it. When you set your eyes on it, it is gone.
5 For wealth certainly makes itself wings like an eagle that flies toward the heavens.
It seems only the super rich are able to avoid a lot of taxes and somehow pass the burden on to the lower classes. However, it has been my observation that the government eventually gets their stuff too. Their heirs never really grow it like the original owner did. Also, in order to hold on to what one has built up, one ends up running on a treadmill like a hamster and becomes a slave of the government.
The key is to only have what you need to live and keep a low profile. Something the Apostle Paul said...
Philippians 4:11 Not that I speak from want, for I have learned to be content in whatever circumstances I am.
12 I know how to get along with humble means, and I also know how to live in prosperity; in any and every circumstance I have learned the secret of being filled and going hungry, both of having abundance and suffering need.
13 I can do all things through Him who strengthens me.
That is exactly right. And, if the Democrats are able to seat a President, then when things fall apart, it will still be Donald Trump and his followers' fault.
None.
No one.
Not a single credit union has offered these rediculous rates since ‘20.
Buckle in boys and girls, cuz the ride has just begun.
But, don’t blame brandon.
Don’t blame President Trump.
Don’t blame fubo.
Hey, I lied. you can blame all of the above for a crap show that started under bushie#2 and mcpain and his gang of however many.
They passed the “ everybody gets a mortgage regardless of the ability to repay it” law, and it was wildly successful.
Housing starts went nuts. The market was going crazy with all these non repayable mortgages getting wrapped into little pockets and sold on the stock market.
Then, the surprise!!!
It all collapsed at once!!!
The entire country was thrown into turmoil!!
We were in a massive recession headed straight towards depression!!!
Enter Bernanke, a student of the great depression.
He went in and blew the dust off of the printing presses and cranked them up.
The sudden influx of cash allowed the banks to pay the panicked customers their cash. The banks did not go under.
It worked!!!!
The economy quickly recovered and started the growth that we were seeing.
Bushie did not stop the presses.
Fubo kept the party going.
Trump climbed on board.
All of the above could have brought us in for a soft landing. None did.
Then we get the inept biteme.
The writing was already on the wall.
The ‘06 recession/depression level event is finally going to play itself out.
Buckle up, it’s gonna be a rough ride!
None. I am on the board of a local credit union and the rates vary:
A=7% B=11% C-15% D=18%
Lots of CEO’s and “leaders” have been selling stocks like crazy.
It’s not hard to look that info up.
(Our Deer In The Headlights Moment: The “Worst Market Crash Since 1929” Is Rapidly Approaching And The Fed Doesn’t Know Which Way To Go)
2008 is coming again; I’ve been saying that.
There’s no way to avoid it.
Seems like it
🔝🔝🔝
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