But even though we are absolutely flooding the system with cash stolen from future generations of Americans, economic performance has been extremely anemic.

On Thursday, the government reported that the U.S. economy grew at a 1.6 percent annualized rate during the first quarter of this year…

Gross domestic product, the broadest measure of goods and services produced across the economy, grew by 1.6% on an annualized basis in the three-month period from January through March, the Commerce Department said in its first reading of the data on Thursday.

That is much lower than the 2.4% increase forecast by LSEG economists and marks a sharp slowdown from the 3.4% pace seen during the fourth quarter. It is the slowest pace of growth in two years.

“This was a worst of both worlds report — slower than expected growth, higher than expected inflation,” said David Donabedian, chief investment officer of CIBC Private Wealth US. “The biggest setback is the acceleration in core inflation, and in particular, the services sector rising above a 5% annual rate.”

Even if the GDP numbers were accurate, and I don’t believe that they are, that would still be absolutely terrible.

At this point, some pundits are using the term “slowdown” to describe what is happening to the economy…

Some analysts believe Thursday’s weaker-than-expected report signals the start of a broader slowdown in the economy.

Personally, I am entirely convinced that if honest numbers were being used they would indicate that GDP growth is negative.

But in any event, pretty much everyone agrees that we are heading in the wrong direction.

In response to this bad economic news, stock prices plummeted.

At one point on Thursday, the Dow Jones Industrial Average was down more than 600 points, and it closed the day down 375 points…

Stocks tumbled Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation.

The Dow Jones Industrial Average slid 375.12 points, or 0.98%, to close at 38,085.80, weighed down by steep declines in Caterpillar and IBM. The S&P 500 dropped 0.46% to finish the session at 5,048.42, and the Nasdaq Composite lost 0.64% to 15,611.76.

Not too long ago, the Dow was flirting with 40,000.

Since that time, it has lost nearly 2,000 points.

Will this “slide” eventually turn into an avalanche? What is happening in the bond market is of even greater concern.

The release of the GDP numbers caused U.S. Treasury yields to go completely nuts…

U.S. Treasury yields rose on Thursday after the first-quarter GDP report showed slowing growth and rising consumer prices.

The benchmark 10-year Treasury yield climbed 4.8 basis points to 4.702%, while the rate on the 2-year Treasury gained 6.1 basis points to 4.998%. At their session highs, the yields on both notes hit their highest levels since November.

Let’s keep a close eye on this.

If Treasury yields start swinging too wildly, that is going to have enormous implications for those that trade derivatives.

Shifting gears, we have also just learned that the median price of a home in the U.S. has just hit another brand new record high…

It is more expensive than ever to buy a home in the U.S., according to a new report from the real estate company Redfin.

The median home price hit a record $383,725 during the four-week period ending April 21. That’s up 5.2 percent from a year ago, Redfin found, one of the largest leaps in home prices since October 2022.

Sadly, home ownership is now out of reach for a very large chunk of the population. If you can believe it, Redfin says that the median monthly housing payment has risen “to a record $2,843”…

The median monthly housing payment also jumped to a record $2,843, up 13 percent from the same period last year.

Chen Zhao, the economic research lead at Redfin, said prospective buyers should “accept that this year is probably not the time to find a dream deal.”

Who can afford a mortgage payment of $2,843 a month? That is insane.

Home ownership has never been more unaffordable than it is right now, and young adults that are just starting out are being hit the hardest. Earlier today, I just had to laugh when I came across an article entitled “So you may never own a home. Here’s why maybe that’s … a good thing?”

To me, that sounds eerily similar to “you will own nothing and be happy”. That particular article is directed at young adults in Canada, but millions of young adults in the U.S. are also wondering if they will be renting for life.

Yes, there are some advantages to renting, but you aren’t building any equity. And I think that is what the wizards on Wall Street would like to see.

I think that they envision a future in which they own almost all of the homes and the vast majority of us are renters. The good news, if you want to call it that, is that I don’t think that things will ever get that far.

Our entire system has started to come apart at the seams, and it won’t be too long before it completely crashes. A lot of the “wealth” that we see on Wall Street is just a mirage.

For the moment, stock prices are absurdly high because there are people out there that are willing to pay those prices. But when conditions take a dramatic turn for the worse, the buyers will all disappear and so will the absurdly high stock prices.

So enjoy the last days of the bubble while you still can, because the clock is ticking…

Sound off about this article on the Economic Collapse Substack.

Michael’s new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.

It is also finally admitting it cannot normalize interest rates after having spent 18 months believing in the hype about a Fed pivot and rate cuts to something like zero percent that would be forced on the Fed by a steep recession, with lots of forever-quantitative easing (QE) to follow.

The latest retail report reflected high increases in retail sales that were in good part due to high increases in inflation. Richter called the occurrence a “bond bloodbath.”

“Today, it is the 30-year treasury yield that pierced the five percent line. It currently trades at 5.02 percent, the highest since August 2007,” Richter wrote in his October 18 article. “The 10-year yield jumped to 4.92 percent at the moment, the highest since July 2007, edging within easy reach of the magic five percent line.”

These long-term yields above five percent only indicate that a form of normalcy is gradually being forced upon the bond market by the resurgence of inflation, and by the belated realization that this inflation isn’t just going away on its own somehow. “This is a huge regime change after years of the Fed’s QE and interest rate repression, and all prior assumptions are out the window,” he further pointed out.

The Daily Doom‘s David Haggith agreed with Richter’s sentiments and commented: “Delusion ends hard when the denial breaks up, and the Fed’s financial demolition is accomplishing that destruction now. If it doesn’t, inflation will do the job for it.”

His forecasts include: as the Fed tightens into a steep recession, the slide into the second plunge since last year’s dip will be steep as it will not likely come until the Fed tightens hard enough and long enough to break the “Everything Bubble” – an expression referring to the correlated impact of monetary easing by the Fed on asset prices in most asset classes, such as equities, housing, bonds, many commodities and even exotic assets such as cryptocurrencies and special purpose acquisition companies (SPACs).

This will send the American economy rapidly into recession in an all-out panic because people who have been investing based on such enormous delusions panic when they finally realize that they’ve run out past the edge of a mighty high cliff, he said, adding that the Big Bond Bubble crash would be inevitable because of the Fed’s quantitative tightening and its raising of interest rates. The government’s massive addiction to endless and enormous deficits, requiring massive new bond issuances, could also contribute to the collapse, he further noted.

“This deficit-spending by the government has to be funded by piling enormous amounts of Treasury securities on the market that need to find buyers. Yield solves all demand problems by rising until demand emerges. And that’s in part what we’re seeing now.

All of this is happening as the Fed is unloading its balance sheet at a record pace, having already shed over $1 trillion in securities in a little over a year,” a separate Wolf Street feature indicated.

Losses in Treasury bonds far worse than mortgage losses in 2008

Meanwhile, banks are in shambles as losses in Treasury bonds were found to be far worse than mortgage losses in 2008.

According to Haggith, the losses become realized losses if banks actually have to sell the bonds in their reserves to fund any flow out of the bank, as we saw last spring. Now, Wall Street bond investors are reportedly worried about the burgeoning U.S. federal debt because the trend in deficits is a strongly established fact and the Fed faces potential policy pitfalls ahead as it wrestles with how to respond to investor angst about the U.S. government’s humongous $33.5 trillion government debt.

As the Fed considers postponing plans for another interest-rate increase, they might be waiting to see if the bond vigilantes are doing their work for it now and pricing bond yields up, whether the Fed raises rates or not.

“At this point, the Fed will merely be running to catch up to what the free market is already doing just so it can appear to still be in control,” Haggith further predicted. “The Fed cannot help the government finance those massive deficits without spraying new gasoline directly into the inflation inferno it has already fueled, and the government cannot seem to stop itself from runaway spending. Even if it does manage to stop itself, the Fed’s roll-off of more Treasuries that have to be refinanced will continue to worsen the picture for bonds. So, will the rising of inflation, a major fear factor now that it is starting [to be] seen by investors, be back on the move?”

What is unfortunate is that until now, the bond market still foolishly believed the Fed would cave in on the inflation fight and go back to QE and/or it foolishly believed that the Fed’s inflation fight would be easily won. “This week’s economic news shined a bright light on the fact that all of that was fantasy. Realization about the inflation fight that remains is repricing everything,” he said hoping that the realization finally wakes the market fully now. (Related: Alarming study: 60% of Americans are still living paycheck to paycheck amid soaring inflation and rising interest rates.)

Visit DebtCollapse.com to read related news on the collapsing state of the U.S. economy.

Sources for this article include:

• WolfStreet.com 1
• TheDailyDoom.com
• WolfStreet.com 2

“Something akin to a credit crunch is what I’m most concerned about,” said Steve Ellis, global fixed-income chief investment officer at Fidelity International, which manages $663 billion of assets. Central banks’ continued tightening shows they’re “fighting last year’s battle,” he said according to a report by Fortune. 

The damage from 10 straight interest rate increases has been done and the collapse of three U.S. lenders in March was just a taste of the bigger crisis to come as central banks stay hawkish until something else breaks. Just last week, Canada and Australia delivered surprise hikes, putting some pressure on the Federal Reserve to follow at an upcoming meeting as inflation remains persistently high.

Mike Riddell, a portfolio manager at Allianz Global Investors, said that stocks, bonds, and corporate debt are mispricing the risks. He added that only inflation-rate swaps have the economic outlook right. The so-called one-year forward inflation rate is currently at 2.4%, or close to 2% when risk compensation for investors is factored out. That implies a “nasty recession” within the next six months, he said. “Our base case is for a moderate-to-deep recession — and potentially crises — as the unprecedented pace of global policy tightening seen over the last year starts to really bite,” Riddell said. He recommends being bullishly positioned in rates and bearishly positioned in risk assets like credit.

The “inevitable” recession is taking far longer to show up than many thought at the start of the year. It’s possible the economy may keep defying expectations too, as situations such as nonfarm payrolls surpassed all estimates and surged in May, surprisingly.

Another issue is that Americans are quickly becoming overleveraged. Credit-card balances, which hit $986 billion in the fourth quarter of last year, remained largely unchanged in the first quarter for the first time in more than twenty years. Normally they post a dip as people pay off their debts from the holiday season, according to Forbes. 

In March, The Conference Board’s Leading Economic Index slumped to its lowest level since November 2020, declining by 1.2 percent and deepening into contraction territory.

The spread between the two- and 10-year Treasury yields, which has forecast nearly every recession since the Second World War, settled the April 20 trading session at negative 60 basis points. The gap has widened since July 2022. The Federal Reserve’s preferred recession measurement—the three-month and 10-year yields—finished the session at negative 158 basis points.

Minutes from the Federal Reserve’s Federal Open Market Committee (FOMC) policy meeting in March revealed that central bank economists expect a recession later this year as the fallout from the banking turmoil spreads throughout the national economy.

Other economists and market experts agree. A recent Marquee QuickPoll for Goldman Sachs, for example, revealed that 53 percent of investors expect a recession this year.

“I believe that a near-term recession is more likely than unlikely. It will be very difficult for the Fed to engineer a soft landing for the economy and still win the battle to stem inflation,” Robert R. Johnson, a professor of finance at Creighton University’s Heider College of Business, told The Epoch Times. “The problem with recessions is that we don’t know we have entered one until after the fact, and we also don’t know we have exited one until after the fact.”

But for many Americans, the recession might already be here.

According to the CNBC All-America Economic Survey, 66 percent of Americans think the United States is headed for a recession or is already in one. Moreover, a January Morning Consult study found that 46 percent of U.S. adults believe the nation is entrenched in a recession.

How should investors prepare for this environment if a recession is on the horizon or has arrived?

Navigating the Markets

Despite bank failures, credit contraction, and tightening lending standards that might slow the economy, this “does not mean you can’t make money in stocks,” according to Nancy Tengler, the CEO and CIO of Laffer Tengler Investments, in a note.

Johnson thinks recessions could be an opportunity to enter the market or build on existing positions “as stocks are selling at prices below previous highs.”

What exactly should you be looking for in today’s climate? According to Ben Fraser, the CIO of Aspen Funds, it is paramount for investors to possess “diversification” in their portfolios.

“Having diversification across multiple investment asset classes and strategies will soften the impact of a recession,” Fraser explained to The Epoch Times.

Michael Collins, the founder and CEO of WinCap Financial and professor at Endicott College in Massachusetts, shares this recommendation about diversification. He told The Epoch Times that investors need to concentrate on “diversified, long-term investments and seek out deflation-resistant, stable investments.”

“This should include investments in blue-chip stocks, bonds, and low-risk mutual funds,” he said. “Adding gold and other precious metals can also be beneficial as a hedge against inflation and market declines.”

Investment diversity has been the go-to recommendation for many financial experts, but the limited research on this subject suggests that only a third of investors ensure their investments are diversified.

At the same time, not everyone is in lockstep with diversification, including billionaire investor Warren Buffett, who asserted that the strategy “makes very little sense for anyone that knows what they’re doing.”

“It is a protection against ignorance,” Buffett said.

Investors can also shift their investment portfolios to defensive sectors “that are less affected by slowing economies,” says Richard Gardner, the CEO of financial technology firm Modulus. This includes health care, consumer staples, and utilities.

It could also be a perfect time to “investigate the financials of your investments,” Gardner told The Epoch Times.

“Stick with companies that have the balance sheet and cash reserves to make it through the storm and come out the other side,” he noted. “This is particularly valuable when taking a long-term approach to investing.”

With governments worldwide investing significant taxpayer dollars in the green energy industry, even as economies might be heading into a recession, Tengler thinks this could be an exceptional trading opportunity.

Tengler has picked potential investment options for green tech, metal, miners, and hydrogen.

“We also like the clean-energy commodities and have recently added to some of those names as well as energy yesterday and continue to add to consumer discretionary,” she stated. “Focus on reliable earners with great, seasoned management teams.”

Bonds and Gold

The global bond market has been volatile over the last 18 months, whether in the U.S. Treasury arena or the U.K. gilts. Heading into 2023, the Barclays Global Aggregate Bond Index—a benchmark of about $70 trillion of sovereign and corporate debt—had tumbled nearly 5 percent since 2021. But many of these indexes have rebounded so far this year, such as the Vanguard Total Bond Market ETF (3.2 percent), iShares Core U.S. Aggregate Bond ETF (3.2 percent), and SPDR Portfolio Aggregate Bond ETF (3 percent).

For years, standard investment advice has been to invest in bonds during a recession since these instruments offer regular cash flow, a predictable fixed income, and a reduced chance of losing your principal. Long-term bonds have been a reliable pick during five of the deepest recessions in the last century, says John Rekenthaler, a member of Morningstar’s investment research department.

“Through each of the five deepest recessions during the past 100 years—two of these have occurred within the past 20 years, so this is not just ancient history—long government bonds not only turned a profit but also outdid Treasury bills,” he wrote in a report. “On four out of those five occasions, equities crashed. Long Treasurys have therefore offered strong protection against stock market declines caused by economic weakness.”

In addition, it is worth noting that interest earned from Treasurys and money markets are not subjected to state and local taxes, although they face federal levies. By comparison, a certificate of deposit (CD) offers higher rates but will be slapped with federal and state income taxes.

For the broader economy, Morningstar analyst Sandy Ward recently stated that the bond market is flashing red, signaling recession, rising credit stress, and weakening economic conditions.

Gold is another safe-haven asset put forward by financial experts.

The yellow metal has trended higher since November on a weaker greenback and the Federal Reserve’s easing monetary policy prospects. Year to date, gold prices are up nearly 10 percent and recently flirted with the August 2020 record high of $2,069.40.

Gold is typically sensitive to interest-rate movements because they can affect the opportunity cost of holding non-yielding bullion. The buck’s performance can make dollar-denominated commodities more expensive or cheaper for foreign investors.

The other factor has been weakening economic data, says Stephen Akin, a registered investment advisor at Akin Investments.

“The primary fundamental event that propelled gold well above $2,000 was weaker U.S. economic data,” he told The Epoch Times. “This data suggest that the Federal Reserve could certainly consider slower rate hikes and a pause of rate hikes sooner.”

Collin Plume, the CEO of Noble Gold Investments, would not be “surprised if 2023 saw a new record high for gold prices” as the global economy “teeters on the edge of recession.”

Emerging Markets

Some experts believe it would be advantageous to consider emerging markets, such as Brazil, China, and India—with or without a recession.

This could be a prudent step, considering that the International Monetary Fund (IMF) forecasts that emerging markets and developing economies will expand by 3.9 in 2023 and 4.2 percent in 2024.

“If we avoid a recession, it may be worthwhile for investors to look more closely at emerging markets which often can provide higher returns but assume a greater risk,” Gardner stated.

Stocks with “upside potential” should be assessed as options for a recession-era investment strategies, including riskier assets.

“This could include investing in riskier assets such as small-cap stocks, venture capital, and commodities,” Collins said. “Investors should also consider adding international investments to their portfolios and investing in sectors that are expected to grow in the long-term, such as technology and healthcare.”

According to Emily Leveille, the portfolio manager and managing director at Thornburg, traders should reconsider international equities, purporting in a note that valuations are generally lower than in the United States.

“Over the past 10 years, foreign markets have traded at a discount to the U.S. that has widened since COVID,” Leveille wrote in a research note last month. “If the U.S. market indeed falls into recession this year, and equity prices contract further, the ex-post valuation disparity will have shown itself to be even wider.”

A peaking U.S. dollar, lower energy prices, and China’s economic reopening would be other reasons to incorporate emerging markets into portfolios.

Where Is the Market Headed?

Despite everything that has transpired in the first few months of the year—from higher interest rates to banking turmoi—the leading benchmark indexes have held steady.

Year to date, the Dow Jones Industrial Average is up 2 percent, the Nasdaq Composite Index has rallied more than 15 percent, and the S&P 500 Index has surged nearly 8 percent. So, where does Wall Street think the market is headed for the rest of the year?

The present risks to the equities arena are earnings cuts and valuation adjustments. Monetary policy could also affect the direction of stocks. Investors are penciling in one more rate hike at the May FOMC policy meeting and planning for rate cuts later this year and heading into 2024 in response to slowing economic conditions, according to the CME FedWatch Tool.

A February 2023 Reuters poll found that strategists expect the S&P 500 will finish the year at 4,200. The index has been trading at around 4,100.

But while industry observers are always on the hunt for trends, the rest of the year may be a time for the stock market to be stuck in “limbo,” says Jurrien Timmer, the director of the global macro in Fidelity’s Global Asset Allocation Division.

“Indeed, the cycle seems to be meandering without a clear inflection,” he wrote, adding that fund flows are displaying “neither hope nor despair.”

“A period of ongoing base-building may lie ahead for the market,” he said. “For investors, the key for now is patience.”

Article cross-posted from our premium news partners at The Epoch Times.

Because bond values have an inverse relationship with interest rates, as interest rates go up, the value of bonds and other debt instruments already issued goes down. With each Fed rate increase, bond values are cratering, leaving debt investors holding substantial losses and leading to a collapse in the number of potential buyers even willing to take possession of these bonds.

As investor Larry McDonald says in this Marketwatch article, “things are breaking.” From the article:

Pointing to the bond-market turmoil in the U.K., McDonald said government bonds with 0.5% coupons that mature in 2061 were trading at 97 cents to the dollar in December, 58 cents in August and as low as 24 cents over recent weeks.

When asked if institutional investors could simply hold on to those bonds to avoid booking losses, he said that because of margin calls on derivative contracts, some institutional investors were forced to sell and take massive losses.

McDonald said that if the Federal Reserve raises the federal funds rate by another 100 basis points and continues its balance-sheet reductions at current levels, “they will crash the market.”

No buyers of government debt in Tokyo

In Tokyo, the Bank of Japan has been unable to find a single buyer of 10-year Japanese Government Bonds (JGB) for the last three days. As ZeroHedge reports:

Simply put, as one veteran JGB trader remarked privately to us, “there is no [cash] market anymore.”

Traders also lack the incentive to trade benchmark 10-year notes because they expect yields to rise as the Fed aggressively tightens monetary policy, according to Mitsubishi UFJ Morgan Stanley Securities.

It’s not just Japan, either. From that same article:

Bank of America analysts warned in a note this month that shrinking trading volumes in the US Treasury market may be one of the greatest threats to global financial stability.

In other words, the ability of the US Treasury to sell its own debt is rapidly dwindling. At some point there will be no buyers at all, and the Fed will have to be the buyer of last resort, which will initiate the last spiral of currency collapse that brings America to its knees.

Bank of England governor warns investors they have three days to liquidate

Not to be outdone in the realm of financial panic buttons, the governor of the Bank of England, Andrew Bailey, just warned investors that they had three days to liquidate debt holdings before the BoE pulls out and stops buying up all the failing gilts (bonds) that fund pensions in the UK.

“My message to the funds involved and all the firms is you’ve got three days left now,” Bailey just said on Tuesday. In doing so, he essentially set the countdown timer on a massive debt bomb that’s going to detonate as soon as the Bank of England stops buying all the failed debt instruments that are propping up the entire UK pension system.

And what’s the explanation for why this is happening? “Market volatility went beyond bank stress tests,” Bailey explained, which essentially means something along the lines of, “We never anticipated a crash this big and can’t stop it.”

The pensions, it turns out, are headed for collapse. The Bank of England is in survival mode, and the Euro is in deeper trouble with each passing day.

As Gregory Mannarino says in a recent market analysis video, “Bond Market Very Close to Crash” according to the IMF, one of many institutions now sounding the alarm on the accelerating downfall of global debt instruments.

The Fed will keep raising rates until Europe breaks

Despite all the damage being done to the debt market, the Fed is hell bent on raising interest rates until European financial instruments break. As Tom Luongo explained in a recent interview, the Fed is at war with European globalist banksters and is using interest rates as a weapon to collapse European industry and financial solvency.

In that interview, I compared this Fed action to chemotherapy: It’s poisoning the entire patient (the world’s economy) in order to take out a tumor (European socialist banksters). Just like with chemotherapy, the cure is often worse than the disease, as the Fed’s policy is annihilating the US economy (and eventually, the US stock market) at the same time it’s wreaking financial havoc across Europe. “Victory” may come at an extremely high cost, including the collapse of the stock market, housing market and bond market.

Higher inflation and higher debt costs are causing a collapse in consumer demand for goods and services. As Hellinic Shipping News reports, international cargo shipping rates have plunged 75%. From that article:

Trans-Pacific shipping rates have plummeted roughly 75% from year-ago levels. The transportation industry is grappling with weaker demand as big retailers cancel orders with vendors and step up efforts to cut inventories. FedEx Corp. recently said it would cancel flights and park cargo planes because of a sharp drop in shipping volumes.

It turns out that Americans have run out of stimulus money and are mired in too much debt. Now, they’re sharply curtailing purchases, causing a sharp fall in retail activity and subsequent factory orders. This will result in employers firing workers in the months ahead, accelerating unemployment across the country.

When the markets implode, most Americans will lose their investments and their pensions, causing a wave of protests to erupt across the cities as mass destitution and famine kicks in.

This collapse cannot be avoided. It is already set in motion, and now we can only watch as it plays out, taking down the western financial system (and entire nations) while leaving the people to rot in the (filthy) streets, homeless, penniless and hopeless. In Germany, people are scouring the rural areas for horse poop to burn in their wood stoves this winter.

Perhaps if they run out of horse poop, they can burn the currency. It will soon be worthless anyway.

Historical cycles have aligned for the mother of all financial crashes

We are watching it all unfold in real time, and it’s no coincidence that we are right in the window of crash cycles predicted by Aaron Brickman in a previous interview (he joins me again this Sunday night to give us an update on the situation).

In the mean time, here’s my analysis of what’s happening right now, via Brighteon.com:

• Global DEBT markets are on the verge of collapse
• The bond market is melting down with 75% losses of some bonds
• Bank of England warns investors they have THREE DAYS to liquidate
• Japan’s 10 year govt. bond has ZERO buyers for 3 days
• Russian troops pour into Belarus by the train load
• Russia preparing for massive attack on Ukraine
• Tulsi Gabbard leaves demonic Democrat party and bashes their insanity
• Pfizer admits covid vax NEVER tested against transmission of covid (was all fraud)
• Pentagon says biological gender counts for the draft, all those born as males must register
• French gas police won’t allow you to buy gas unless your car is near empty
• Germany to burn 800 million covid masks to produce HEAT (finally found a use for these)
• Europeans are panic buying firewood
• Some are gathering horse poop to burn for heat

Watch at these links:

• Brighteon: Brighteon.com/d76dd2ca-0c4c-4158-b925-8672a7c2d3d6
• Bitchute: Bitchute.com/video/80hKa73x0uQv/
• Rumble: Rumble.com/v1nnejm-situation-update-10122022-global-debt-markets-are-breaking….html
• Banned.Video: Banned.video/watch?id=6346ce3bfae3cc4ddba3c7fc

Discover more interviews and podcasts each day at: https://www.brighteon.com/channels/HRreport

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About the Author

Mike Adams (aka the “Health Ranger“) is a best selling author (#1 best selling science book on Amazon.com called “Food Forensics“), an environmental scientist, a patent holder for a cesium radioactive isotope elimination invention, a multiple award winner for outstanding journalism, a science news publisher and influential commentator on topics ranging from science and medicine to culture and politics. Follow his videos, podcasts, websites and science projects at the links below.

Mike Adams serves as the founding editor of NaturalNews.com and the lab science director of an internationally accredited (ISO 17025) analytical laboratory known as CWC Labs. There, he was awarded a Certificate of Excellence for achieving extremely high accuracy in the analysis of toxic elements in unknown water samples using ICP-MS instrumentation. Adams is also highly proficient in running liquid chromatography, ion chromatography and mass spectrometry time-of-flight analytical instrumentation. He has also achieved numerous laboratory breakthroughs in the programming of automated liquid handling robots for sample preparation and external standards prep.

The U.S. patent office has awarded Mike Adams patent NO. US 9526751 B2 for the invention of “Cesium Eliminator,” a lifesaving invention that removes up to 95% of radioactive cesium from the human digestive tract. Adams has pledged to donate full patent licensing rights to any state or national government that needs to manufacture the product to save human lives in the aftermath of a nuclear accident, disaster, act of war or act of terrorism. He has also stockpiled 10,000 kg of raw material to manufacture Cesium Eliminator in a Texas warehouse, and plans to donate the finished product to help save lives in Texas when the next nuclear event occurs. No independent scientist in the world has done more research on the removal of radioactive elements from the human digestive tract.

Adams is a person of color whose ancestors include Africans and American Indians. He is of Native American heritage, which he credits as inspiring his “Health Ranger” passion for protecting life and nature against the destruction caused by chemicals, heavy metals and other forms of pollution.

Adams is the author of the world’s first book that published ICP-MS heavy metals analysis results for foods, dietary supplements, pet food, spices and fast food. The book is entitled Food Forensics and is published by BenBella Books.

In his laboratory research, Adams has made numerous food safety breakthroughs such as revealing rice protein products imported from Asia to be contaminated with toxic heavy metals like lead, cadmium and tungsten. Adams was the first food science researcher to document high levels of tungsten in superfoods. He also discovered over 11 ppm lead in imported mangosteen powder, and led an industry-wide voluntary agreement to limit heavy metals in rice protein products.

In addition to his lab work, Adams is also the (non-paid) executive director of the non-profit Consumer Wellness Center (CWC), an organization that redirects 100% of its donations receipts to grant programs that teach children and women how to grow their own food or vastly improve their nutrition. Through the non-profit CWC, Adams also launched Nutrition Rescue, a program that donates essential vitamins to people in need. Click here to see some of the CWC success stories.

With a background in science and software technology, Adams is the original founder of the email newsletter technology company known as Arial Software. Using his technical experience combined with his love for natural health, Adams developed and deployed the content management system currently driving NaturalNews.com. He also engineered the high-level statistical algorithms that power SCIENCE.naturalnews.com, a massive research resource featuring over 10 million scientific studies.

Adams is well known for his incredibly popular consumer activism video blowing the lid on fake blueberries used throughout the food supply. He has also exposed “strange fibers” found in Chicken McNuggets, fake academic credentials of so-called health “gurus,” dangerous “detox” products imported as battery acid and sold for oral consumption, fake acai berry scams, the California raw milk raids, the vaccine research fraud revealed by industry whistleblowers and many other topics.

Adams has also helped defend the rights of home gardeners and protect the medical freedom rights of parents. Adams is widely recognized to have made a remarkable global impact on issues like GMOs, vaccines, nutrition therapies, human consciousness.

In addition to his activism, Adams is an accomplished musician who has released over fifteen popular songs covering a variety of activism topics.

Click here to read a more detailed bio on Mike Adams, the Health Ranger, at HealthRanger.com.

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Nothing could be further from the truth. I wish there wasn’t such a need for people to protect their wealth or retirement with precious metals. That would mean the economy is humming again as it was under President Trump. Until the middle of last year, we did NOT pick up a precious metals sponsor despite over two dozen sponsorship offers. I never allow products that are not needed by America First patriots to become sponsors here. Today, it is clear that precious metals are a necessary hedge. With that said, here’s Mike Adams…

The Fed raised interest rates by 0.75% today (75 basis points), fulfilling their promise to attempt to reverse the runaway inflation that they caused in the first place by printing trillions of dollars and flooding the markets with cheap or nearly-free funds (zero percent interest rates, for example).

As of right now, America’s real estate bubble is now in the process of a catastrophic collapse. The stock market is collapsing and the crypto universe is absolutely imploding. “The crypto apocalypse is here,” writes Michael Snyder from End of the American Dream:

Over the last seven months, we have witnessed a cryptocurrency collapse that is so epic that it is truly difficult to put it into words… approximately two-thirds of the value of all cryptocurrencies has already been wiped out.  Some are calling this a “crash”, but the truth is that this is the sort of full-blown “collapse” that so many have been warning about for such a long time.  A lot of crypto investors are now deeply in the red, and the outlook for the months ahead is very bleak.

Meanwhile, the average stock portfolio is down 31% this year alone, and the downside still remaining now looks like a deep, ominous chasm of financial devastation that’s going to suck the vast majority of American into financial destitution.

You see, while everybody’s assets are plummeting, the prices of the things they need to buy keep skyrocketing.

Everything people own is going to collapse in value, while nearly everything people buy is going to double or triple in price.

The real estate bubble will now collapse, however, which may offer some relief for those trying to rent or purchase new homes. But for the tens of millions of people already locked into bubble-priced mortgages and rent contracts, the pain of paying too much won’t be easily reversed.

The truth is that most assets have been Ponzi schemes for many years or even decades. The stock market hasn’t operated from fiscal reality since the 1980s, and the fiat currency dollar has been living in a delusional fairy tale land since Nixon took it off the gold standard in 1971.

The real estate asset price explosion was just an expression of low interest rates and cheap money, while the crypto universe was a grand social experiment that primarily served as a new generation’s “dot com bubble” where they ultimately learn an expensive (but valuable) lesson in the seduction and false promise of seemingly becoming wealthy without work. Too many crypto pioneers thought they could recreate the laws of economics by simply claiming absurd things that aren’t true, like “we don’t need intrinsic value, our token is backed by an algorithm.” That’s the crypto equivalent of the biological fantasy that claims “men can get pregnant,” which is why I call the crypto Ponzi schemes “financial transgenderism.”

See, what we’re all really beginning to experience in the world right now is a heavy dose of reality.

Learn more in today’s Situation Update: Brighteon.com/e450a1bf-8a5e-433b-aed5-7839e4210c19

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