indeed ...
just ask Captain Obvious
Posted on 04/20/2024 7:23:26 AM PDT by PJ-Comix
April 2024 has been a horrible month for the stock market. This Friday I will be doing a live stream and explaining what is happening. I will be discussing some leading economic indicators that no one else has been talking about that suggest trouble for the economy ahead.
De Gregorio says a stock market collapse is imminent due to a number of very apparent warning signs. One is that the Federal Reserve has NOT achieved its stated goal of 2% inflation rate and that Fed Chairman Jerome Powell seems to be acting NOT in the best interests of the economy due to his background as an investment banker and a Trump hater as revealed in a recent James O'Keefe undercover video.
Also another indicator is the drastic collapse of the commercial real estate market with some buildings declining in value by up to 98%. The job market is nowhere as healthy as portrayed in the media since all the good jobs reports are almost inevitably followed by "revisions" (meaning they lied on the first reports) which are always DOWNWARDS. On top of that are big reductions in advertising and business travel.
All this and other indicators presented by De Gregorio indicates severe economic trouble ahead. The only issue I might have with his report is he didn't mention the big surge in gold prices which indicates investors putting their money someplace safe. Actually the surge in gold prices might be one of the biggest indicators of loss of confidence in the economy but overall De Gregorio gave a great analysis so I recommend watching his video to get up to speed on the DETAILS of why a collapse might be coming soon.
šļøš
I don’t need to watch a 48 minute video to know that an economy that relies on raising the debt limit just to pay the interest on its loans is in serious trouble.
55+ year old 20 story building in flyover country has mega problems.
Will another $60bn in deficit spending for Ukraine help or hurt?
indeed ...
just ask Captain Obvious
Well you know, that is why Cuck Johnson is sending billions to Ukraine and everyone else.
He is fashioning a booming economy with his pal Joe Biden.
....but Zach De Gregorio can take technical financial stuff and explain it in a very understandable way.
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I had not heard of Zach De Gregorio until I read a piece he wrote a few months ago.... and it had nothing to do with financial matters. He is an astute individual and the fact he is a good finance resource is a big bonus. https://wolvesandfinance.com/news/
True but I found some of his warning signs interesting like the decline in business advertising and travel like what happened before the 2008 collapse. Also it is important for those not versed in the details of the economy to see this video.
The Establishment will pull out all the stops to prevent the economy from collapsing over the next 6.5 months. They have all the power and tools to make that happen. After the election, all bets are off.
We all know it’s going to come down when Trump takes office. Until then it’ll be propped up with funny money.
You can take that link to Startpage.com and read the whole article through its proxy link mode.
The link works for me and I don’t live in Peoria. The article isn’t behind a paywall. PJStar is owned by USAToday so maybe they have a access system in place..
And if the funny money fails to keep it propped, and if Biden's last year in office is a financial disaster, the media will say that the economy is bad because of "fear that Trump may win" in November. So the bad economy is Trump's fault.
Some bullet points;
* Jerome Powell red flag “inflation longer than expected”.
* Real estate players (Black Rock etc.) holding the Bag.
* Businesses reducing advertising and travel
* Players needing bailout before the election knowing they can get it from who’s currently in Office.
The country increasingly has a 1970s vibe as inflation and high interest rates disorder large sectors of the economy, adversely impacting both employment and long term asset values. Moreover, crime and racial agitation are hollowing out the cities and damaging our civic institutions. Public discontent and political stresses are rising. My guess is that we will experience a series of recessions over the next decade or two.
If Trump does pull out an election victory, those in power now want to make things such a mess that there may be no way for him to repair the damage.
BlackRock CEO Larry Fink suffered a meltdown during an earnings call over the company losing billions of dollars in contracts due to the international asset managerās woke āenvironmental, social, and governanceā (ESG) agenda.
During the call, Fink lost his cool as he complainedā¦ pic.twitter.com/7dBYatv8piā Camus (@newstart_2024) April 15, 2024
The article is interesting, although Freepers already know most of it.
But what is missing from all of he thousands of words written on the subject is: What can we do to save our wealth?
Gold? Remember what FDR did to owners of gold.
Review the Hunt Brothers and their attempt to corner the silver market. Severance of my friends lost a lot of money trying to ride their coattails.
Real estate? One o the best bets but you must have enough cash to pay the taxes. Local governments will not reduce valuations in time to save you. Remember the tax laws are the product of the cockroaches in your local courthouse and they are itching to get your property for the tax due.
Money under the mattress? Inflation will make it worthless.
My worry is that a crash will ensure the immediate end of cash and the installation of a digital currency. The Sheep will cry for it.
And all currencies need a reserve (backup). What will back up our digital currency? YOURS and MINE. The banks will seize all deposits and prevent you from withdrawing any amount of cash. That will be their reserve.
Gold is good....but not if the government is going to seize it.
Pray for it to hold together until Trump is re-elected. I think the dims will try to hold it together because if they do not there is not even a slight chance for a dim.
If it holds until election day, Trump will begin the greatest economic period in US history.
One final comment: Blackrock is proving today that the laws of economics are as real and as unforgiving as the laws of gravity. They may or may not crash, but the management is bound to be terrified.
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