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Recession In Mid 2024? Bank Credit And Deposit Growth NEGATIVE After The Stimulus Has Worn Out (EU Ordered To Accept 75 Million More Migrants)
Confounded Interest ^ | 02/17/2024 | Anthony B. Sanders

Posted on 02/17/2024 5:33:23 AM PST by Kaiser8408a

This headline from Zero Hedge makes me so glad I have eaten heart-healthy Quaker Oats and Cheerios every morning for the last 20 years! Study Finds 80% Of Americans Exposed To Fertility-Lowering Chemicals In Cheerios, Quaker Oats. The chemical (chlormequat chloride) was detected in “92 percent of oat-based foods purchased in May 2023, including Quaker Oats and Cheerios.” But that was nothing compared to this Zero Hedge headline: EU “Suicide Pact” Threatens To Flood Continent With 75 Million More Migrants. Makes me wonder if Biden/Mayorkas are under orders from the UN/WEF/Soros to let immigrants pour across our southern border (including 20,000+ Chinese military age males). But back to the economy.

Both bank credit growth year-over-year (YoY) and bank deposit growth (YoY) are NEGATIVE. Covid resulted in massive Federal government stimulus spending (and Federal Reserve hyper stimulus) in 2020, but as the stimulus wears out, so does bank lending and deposits.

It is looking like a recession in mid-2024 as Covid Stimulypto has run its course. Is the US economy so lame that is requires constant Federal government and Federal Reserve manipulation??

Joe Biden (President of the top 1% of Americans) and his likely replacement “Greasy Gavin” Newsom, wrecker of the California economy. Two economy wreckers on the same stage.

Remember when Democrats were the party of the working man and Republicans (like George HW Bush) were called “Country Club Republicans”? Now Biden and Democrats represent the elitist top 1% of wealth and Trump/Republicans (that Biden snidely calls “Maga Republicans”) represent the bottom 99%. Who woulda thunk??

BTW. Congrats to Iowa’s Caitlin Clark who set the all-time NCAA women’s scoring record with a PERFECT shot.

(Excerpt) Read more at confoundedinterest.net ...


TOPICS: Business/Economy; Food; Government; Politics
KEYWORDS: banks; bidenomics; immigration; recession

1 posted on 02/17/2024 5:33:23 AM PST by Kaiser8408a
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To: Kaiser8408a
75 million low IQ non whites.

What could go wrong?


2 posted on 02/17/2024 6:02:56 AM PST by EEGator
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To: EEGator

We’re not just ‘infiltrated’ any more; we’re thoroughly *INVADED* now.


3 posted on 02/17/2024 6:07:59 AM PST by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: EEGator

A truly great, prophetic book.


4 posted on 02/17/2024 6:10:25 AM PST by aquila48 (Do not let them make you "care" ! Guilting you is how they control you. )
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To: Kaiser8408a

its not an infiltration of America and Europe, its an all-out invasion.

Aided and abetted by the ruling elites of America, France, Italy, UK, Belgium, Germany selling out their homelands...


5 posted on 02/17/2024 6:10:45 AM PST by faithhopecharity (“Politicians are not born. They're excreted.” Marcus Tillius Cicero (106 to 43 BCE))
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To: Carriage Hill; Kaiser8408a

I’m not sure I would call it an “invasion”, more like an “invitation”.

The despicable self loathing whites at the EU are inviting and promoting the “invasion”.


6 posted on 02/17/2024 6:15:10 AM PST by aquila48 (Do not let them make you "care" ! Guilting you is how they control you. )
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To: Kaiser8408a
EU Ordered to...

Piss poor writing as usual. This is passive voice. Who Ordered the EU, supposedly a sovereign entity, if rather tyranncial with an unelected president, to do anything. Who besides the EU can order the EU to do anything. Or did the EC order the EU to do something. Who at the EC did this and how did this come to pass.

Do you mean to say WEFFIE fascist Ursula von der Leyen ordered it. How did she order it. Was it something pased by the EC. When, where, how?

We could apply the same logic to the US. The US was ordered to maintain an open Southern border. This is credible, but the question is by what supposed authority.

7 posted on 02/17/2024 6:33:44 AM PST by AndyJackson
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To: aquila48

Okay, definitely.
“Our gov’t” has readily ‘invited’ the ongoing ‘invasion’ — the numbers alone do warrant and support that term.


8 posted on 02/17/2024 6:42:54 AM PST by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: Kaiser8408a
“The chemical (chlormequat chloride) was detected in “92 percent of oat-based foods purchased in May 2023, including Quaker Oats and Cheerios.”

Grouping this nonsense in with legitimate concerns about the economy was an idiotic thing to do. I worked as the head of a hazmat team for many years. Chlormequat chloride in the barely detectable parts per billion range that is being thrown around is completely harmless.

We had a saying in Hazmat, “the solution to pollution is dilution”. The vast majority of dangerous substances are not harmful at all in extreme minutia. Anthony B. Sanders of Confounded Interest should stick to his area of expertise instead of falling for the latest lefty nonsense.

9 posted on 02/17/2024 6:45:25 AM PST by fireman15 (Irritating people are the grit from which we fashion our pearl. I provide the grit. You're Welcome.)
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To: AndyJackson

“Who Ordered the EU, supposedly a sovereign entity, if rather tyranncial with an unelected president, to do anything.”

Entities can be bound by treaty to do things.

Quotes from the 1951 Refugee Convention:

Article 23 - Public relief

The Contracting States shall accord to refugees lawfully staying in their territory the same treatment with respect to public relief and assistance as is accorded to their nationals.

Article 17 - Wage-earning employment
....
2. In any case, restrictive measures imposed on aliens or the employment of aliens for the protection of the national labour market shall not be applied to a refugee...who fulfils one of the following conditions:
(a) He has completed three years’ residence in the country;
....
(c) He has one or more children possessing the nationality of the country of residence.

Article 34 - Naturalization [and getting the right to vote (and buy AR-15s)]

The Contracting States shall as far as possible facilitate the assimilation and naturalization of refugees. They shall in particular make every effort to expedite naturalization proceedings and to reduce as far as possible the charges and costs of such proceedings.

https://www.ohchr.org/en/instruments-mechanisms/instruments/convention-relating-status-refugees


10 posted on 02/17/2024 6:52:18 AM PST by Brian Griffin
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To: Kaiser8408a

Article 31. - Refugees unlawfully in the country of refuge

1. The Contracting States shall not impose penalties, on account of their illegal entry or presence, on refugees who, coming directly from a territory where their life or freedom was threatened in the sense of article 1, enter or are present in their territory without authorization, provided they present themselves without delay to the authorities and show good cause for their illegal entry or presence.
2. The Contracting States shall not apply to the movements of such refugees restrictions other than those which are necessary and such restrictions shall only be applied until their status in the country is regularized or they obtain admission into another country. The Contracting States shall allow such refugees a reasonable period and all the necessary facilities to obtain admission into another country.

Article 32. - Expulsion

1. The Contracting States shall not expel a refugee lawfully in their territory save on grounds of national security or public order.
2. The expulsion of such a refugee shall be only in pursuance of a decision reached in accordance with due process of law. Except where compelling reasons of national security otherwise require, the refugee shall be allowed to submit evidence to clear himself, and to appeal to and be represented for the purpose before competent authority or a person or persons specially designated by the competent authority.
3. The Contracting States shall allow such a refugee a reasonable period within which to seek legal admission into another country. The Contracting States reserve the right to apply during that period such internal measures as they may deem necessary.

The Refugee Convention by permitting illegal entry (and entry upon any request) makes it impossible to secure the border. We (and the EU) need to get out from under the Refugee Convention.


11 posted on 02/17/2024 6:54:12 AM PST by Brian Griffin
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To: Kaiser8408a

“Building a wall is a red herring”

“The fundamental problem is that anyone can claim asylum with zero proof, which means all of Earth can come to America.”

Elon Musk


12 posted on 02/17/2024 6:56:27 AM PST by Brian Griffin
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To: Kaiser8408a

What? No more free money? Why, this cannot be happening.


13 posted on 02/17/2024 6:59:51 AM PST by gathersnomoss (Clown World)
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To: fireman15

“Released on April 26, 2023

“The U.S. Environmental Protection Agency (EPA) has released for public comment its proposed decision to register the first food uses of the pesticide chlormequat chloride to provide farmers with an additional tool to help increase crop yield. Before registering these uses, EPA will need to establish tolerances in or on barley, oat, triticale, and wheat.

“Chlormequat chloride is currently registered for use as a plant growth regulator (PGR) in ornamentals grown in greenhouses and nurseries. This pesticide works to control plant size by blocking the hormones that stimulate growth prior to bloom.

“In small grains like wheat, barley, oats, and triticale, lodging (the bending over or breakage of small grain stems) is a major production issue. Lodging can severely limit grain yield and harvestability and have detrimental effects on grain quality. As a PGR, chlormequat chloride application decreases the height of the grain plant stem, resulting in reduced lodging and potentially increased grain yield. Compared to other PGRs with similar use patterns, chlormequat allows for more flexibility in application timing, resulting in greater ease of use for small grain producers.”

https://www.epa.gov/pesticides/epa-proposes-register-new-uses-pesticide-chlormequat-chloride

Humans eat a lot of grain and the chemical has a major effect and would be nearly universally applied.

I’d have top Biden officials chow down for testing.

I proposed Covid vaccine testing on drug company employees back in 2020 as I recollect.


14 posted on 02/17/2024 7:06:52 AM PST by Brian Griffin
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To: aquila48

If the colonial empire has been given away and the foreign markets broken open, invite the potential customers into the closed market at home still left.

FDR believed in breaking up the British Empire to open markets for American goods.


15 posted on 02/17/2024 7:11:09 AM PST by Brian Griffin
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To: fireman15

“Anthony B. Sanders of Confounded Interest should stick to his area of expertise...”

Try as I might, I can’t discern that he has one.


16 posted on 02/17/2024 7:45:27 AM PST by SaxxonWoods (Are you ready for Black Lives MAGA? It's coming.)
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To: Kaiser8408a

Joe will just throw more money at it.


17 posted on 02/17/2024 10:20:49 AM PST by TBP (Decent people cannot fathom the amoral cruelty of the Biden regime.)
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To: Kaiser8408a

Having lived in Germany.

99% of all migrants are trash people from Muslim or African nations. 99% of them are on welfare and do not, and never will, work. The 1% work for government agencies that help the other 99% keep collecting welfare. They are the death of civilization. They want white Europeans dead. It is their goal and they openly state it.


18 posted on 02/17/2024 10:44:34 AM PST by Organic Panic (Democrats. Memories as short as Joe Biden's eye)
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