The temporary rebound being reported on August 6 is simply a momentary reprieve, it would seem, before the bottom falls out completely.
We may not know the day nor the hour, but it is coming – and it will take everyone by surprise. One day the markets will be “fine,” and the next day they won’t. Will the “experts” see it in advance or will it take everyone by surprise?
After plummeting by 1,009 points, or 2.5 percent, on August 5, the Dow rose by 294 points, or 0.8 percent, the following day. Both the S&P 500 and the Nasdaq Composite rose by one percent the same day.
The Cboe Volatility Index, also known as VIX, hit its highest level in four years on Monday. The last time things were this volatile in the markets was at the start of the Wuhan coronavirus (covid-19) “pandemic.”
(Related: Just in time for the election season, the world markets are going berserk – will the nation make it to Election Day without a major crisis?)
Talk of recession is increasing, with some pointing to a depression or worse once the cookie crumbles. Nobody really seems to know the full extent of what awaits the nation once the financial Titanic sinks, but we know it’s coming.
Japan’s market losses on Monday were worse even than the 1987 “Black Monday” loss. This foreshock, of sorts, is paving the way for the big one, which the “plunge protection team” (PPT) will be unable to delay, avert or dance around.
Ninety-three-year-old Warren Buffett reportedly lost $15 billion during Monday’s plunge, this despite selling off about half of his Apple holdings the previous Friday. Like many other billionaires addicted to money, Buffett is stockpiling Federal Reserve Notes (FRN) rather than stocks in anticipation of what is coming.
Meanwhile, Joe Biden is bragging on X about how amazing the economy supposedly is. He claimed to have “canceled student debt for nearly 5 million borrowers through various actions,” as well as “made the largest increases to the Pell Grant in a decade.”
Nobody wants to admit that anything is wrong as they instead choose to embrace the fairy tale that all is well. And it would seem that most Americans have bought the lie hook, line and sinker.
The money masters are screaming for the Federal Reserve to slash interest rates so they can keep the Wall Street casino open, but doing that will lead to even more inflation, and eventually hyperinflation once the dust settles.
There is simply no fixing this corrupt fiat currency system as it enters the final stages of its inevitable demise. The only question is when will the bottom finally fall out for good?
“One thing is for certain … the rich don’t stay losing money for long,” one commenter wrote about how the whole thing is clearly rigged for the upper crust. “These drops create massive opportunities and windfalls for the wealthy. Make no mistake.”
“We are already in recession and are on the cusp of something much worse,” wrote another. “And yet every economic recession brings government subsidies to the banks and corporate thieves under the ‘too big to fail’ scheme.”
“The 90% have seen their wages and wealth redistributed to the Bezos types and it will only happen again.”
The latest news about the upcoming election and the threat of a global financial meltdown to precede it can be found at Collapse.news.
Sources for this article include:
]]>TikTok user Freddie Smith, a realtor based in Orlando, posted a video in September claiming that the U.S. economy is in what he calls a “Silent Depression.” In the video, which has amassed nearly 800,000 likes, Smith compares the average 2023 salary and basic costs to those of the Great Depression to highlight the growing cost-of-living crisis in the country.
“If you look back to the Great Depression, the house was only three times the average salary. Now, it is eight times the average salary,” Smith said. “The car was 46% of the salary, the car today is 85% of the salary. And here’s the craziest part, the rent was 16% of the average salary, it is now 42% of the average salary.”
Of course he is right on target.
There is a reason why 62 percent of the country is currently living paycheck to paycheck.
The cost of living has become incredibly oppressive for most Americans, and nobody can deny that reality.
@fmsmith319 Great depression vs silent depression
When Whoopi Goldberg declared that “Millennials just need to work harder” during one of her crazed rants, Smith followed up with another video about the rising cost of living…
@fmsmith319 Boomers: “Millennials just need to work harder.”
Many Americans are working as hard as they can, but they just keep falling farther and farther behind.
But we aren’t supposed to talk about what is happening.
We are just supposed to pretend that everything is just wonderful.
And now the corporate media has been putting out lots of articles attempting to debunk Smith’s videos. Here is just one example…
But economists strongly disagree.
“Any notion from TikTok that life was better in 1923 than it is now is divorced from reality,” said Columbia Business School economics professor Brett House.
So what is the truth? Are we in a “silent depression” or not?
Let’s take a look at three key areas.
If honest numbers were being used, they would show that GDP growth has been negative for almost the entire time that Joe Biden has been in the White House. That would indicate that we are at least experiencing a recession.
And if honest numbers were being used, they would show that the unemployment rate in this country is sitting at about 25 percent right now.
Needless to say, that is absolutely horrible. And if the rate of inflation was still calculated the way that it was back in 1980, it would still be in double digit territory even though it has come down a bit. The official numbers that the government gives us are designed to make us feel good about things. But at this point things are so bad that the charade is falling apart.
It certainly feels like a “silent depression” if you just got laid off from your job. And it certainly feels like a “silent depression” if you cannot pay your bills…
Millions of Americans strapped with student loan debt are still not paying their bills after a three-year payment hiatus ended this fall.
Federal student loan payments restarted at the beginning of October after President Biden declined to extend the pandemic-era pause that first began in March 2020 under his predecessor, former President Donald Trump.
However, 40% of the 22 million borrowers who had bills due failed to make a payment as of mid-November, according to a new report published by the Department of Education. That means about 9 million Americans who have payments due are not making them.
And it certainly feels like a “silent depression” if you cannot sell your home…
Home sales in California plunged to the lowest level in 15 years in November, according to the latest data shared by the California Association of Realtors (CAR).
According to a report released on Tuesday, existing single-family home sales were down 7.4 percent last month compared to October and down 5.8 percent from November 2022, totaling 223,940. It was the biggest monthly decline in the past year, which plunged existing home sales in California to the lowest level since the Great Recession of 2008-2009.
And it certainly feels like a “silent depression” if you are living in the streets…
Homelessness shot up by more than 12% this year, reaching 653,104 people. The numbers represent the sharpest increase and largest unhoused population since the federal government began tallying totals in 2007, the U.S. Department of Urban Planning and Development said Friday.
If the economy is in “good shape” why are Americans becoming homeless at the fastest pace ever recorded?
That doesn’t make any sense at all.
But those at the top of the economic food chain simply do not understand what all the fuss is about. Today, Americans age 70 and older now hold more than 30 percent of the nation’s wealth. For the moment, life is good for the elite, and they think that the rest of us just need to work harder.
Of course they shouldn’t be looking down their noses at the rest of us, because hard times are coming for them as well.
The “silent depression” that has already started is hitting those at the bottom of the economic food chain the hardest, but those at the very top will soon be feeling it too.
Michael’s new book entitled “Chaos” is now available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.
]]>All cheery news, right? But it was a short video I saw last week that really hit home. This video compared the costs of homes, rent and income between 1930 and 2023. For reasons that will become clear, this is being called the Great Depression vs. the Silent Depression.
“You’re in a Silent Depression,” says a man calling himself Wall Street Silver. “When you compare the Great Depression to today, this is absolutely going to blow your mind. In 1930 during the Great Depression, the average home in America was $3,900. The average car was $600. The average monthly rent was $18, or $216 a year, and the average salary was $1,300 a year. Fast forward to today. It is $436,000 for the average home, $48,000 for the average car, and the average rent is $2,000 a month, or $24,000 a year, and we have a $56,000 income for the average American right now.
“So if you look back to the Great Depression, the house was only three times the average salary. Now it is eight times the average salary. The car was 46% of the salary. The car today is 85% of the salary. And here’s the craziest part. The rent was 16% of the average salary. It is now 42% of the average salary.”
While I haven’t confirmed these numbers, I have no reason to question their accuracy. It explains so much about why people – especially the younger generations – can’t get ahead.
Article after article reinforces the notion that we’re actually in an economic depression right now; but because the far-left Biden administration is in power, it’s doing everything imaginable to keep from calling it that.
Forbes flat-out pooh-poohs the whole concept of a depression, even while admitting the fiscal reality for millions of people. “American households have incurred more than $1 trillion in credit card debt, tapped into their 401(k) retirement plans and many are unable to purchase a home as mortgage rates have soared past 7%,” writes senior Forbes contributor Jack Kelly. “Even with all of the current challenges, the standard of living remains far ahead of the dire circumstances of the Great Depression.”
I see. Because we have smartphones and fancier cars, it’s impossible for America to be in an economic depression? Kelly lists dire statistic after dire statistic – housing costs, health care costs, inflation, debt (including student loan debt), difficulties in finding (white collar) employment, salary cuts, underemployment – and then concludes “comparing it to the Great Depression is hyperbolic,” in part because the stock market hasn’t crashed, the Misery Index is still low, and “the U.S. has thus far been able to avoid recession.” Oh, and because “the current unemployment rate is 3.8%.” (Shadowstats, however, reports the current unemployment rate at 25%.)
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To Kelly’s credit, he does conclude his piece by admitting rising inequality “isn’t fully captured by statistics” and “a large segment of workers, especially Gen-Z, face depressed opportunities compared to prior generations despite headline growth.” [Emphasis added.]
Despite – or perhaps because of – all of Kelly’s fancy weasel words, his argument has failed to convince me the American economy is booming.
If we are in a depression, it behooves us to learn from the last one. I’ve often wondered if people knew in 1928 what would happen in 1929, what could they have done to brace themselves? In light of the current situation, I think that question is just as pertinent today. What is the best way to brace for a looming or current economic depression?
To answer this, I drew advice from a couple of pieces on the subject of “Lessons of the Great Depression” (here and here) and plucked out some pertinent concepts:
The Great Depression started with a dramatic bang – the stock market crash – but not every incident of economic turmoil begins like that. Many traumatic events begin with a whisper, which seems to be the case here. Whispers don’t make it any less painful for those affected, but it does make it more deniable by those with a political ax to grind.
Remember this: Politicians are not working in our (or America’s) best interests. If we are in a Silent Depression, we’re on our own to cope with the mess our “elected” officials created. Act accordingly.
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]]>The reason I believe this is because the Biden-Harris regime as well as other western governments appear to be intentionally manufacturing a collapse. We must assume they’re doing so on behalf of the Liberal World Order so the globalist elite cabal can realize their dream of The Great Reset. It’s hard to convince people to abandon a system that isn’t broken, so the powers-that-be are trying to break western capitalism and replace it with their Neo-Marxist dreams of utopia for the elites and dystopia for the rest of us.
But my theories are not enough to make people “know” the Uniparty Swamp in DC is intentionally taking us into a depression. The best clue I’d ask everyone to examine is the messaging coming out of the White House. While it’s easy to dismiss their seemingly idiotic claims of good tidings for the economy as election-driven denialism, we must dig deeper. Ahead of a midterm election during a down economy, there’s only one strategy that helps those in power retain power. If Democrats really wanted to win, they’d acknowledge the economic downturn that’s blatant to everyone else, then offer a tangible plan moving forward to fix things.
Pretending like the problem isn’t really there is a surefire way to LOSE elections. This is why I cringe when I hear conservative pundits claim the Democrats’ denial of our fiscal woes is their attempt to salvage their election futures. Democrats KNOW they’re putting out the wrong messaging. The only thing that can make any politician risk losing their power is if they have an agenda driving them. Today, that agenda is The Great Reset.
By trying to keep people in the dark while making themselves look like financial dunces, the Biden-Harris regime and their Uniparty Swamp cronies are just offering fodder so people won’t realize this is all manufactured. They don’t want to risk being exposed as intentionally tanking the economy — not yet, at least — so they’re pretending like they believe everything is fine. This keeps the people and the vast majority of conservative commentators busy insulting the regime’s idiocy so we don’t take time to recognize this is all part of their plan.
The regime and their corporate media proxies are gaslighting us. We can see with our own eyes when we look at our bank accounts that the economy is not “strong as hell,” but that’s exactly what Biden claimed. We look at our investment portfolios and retirement accounts and wonder if things will at least level out if not recover before the wealth we’ve worked so hard to earn is gone.
This is why I continue to be extremely bullish about precious metals despite the fact that I panned them just two years ago. I’ve never had precious metals sponsors for two reasons. The first is because until this regime took power, I did not see gold or silver as necessary investments. That has obviously changed. The second reason is because the vast majority of precious metals companies that sponsor conservative news outlets are quietly donating the money they earn to Democrats. Many are even attached in some way to proxies of the Chinese Communist Party. I’m not willing to support such companies. Thankfully, the last year-and-a-half I’ve been vetting out companies and their executives to identify precious metals companies that share our America First worldview. Out of just over two dozen I looked at, I found three. Just three. They are:
The article below by Mary Villareal from Natural News offers further details about some who believe recession is coming and there’s pretty much no way to stop it. I generally avoid doom-and-gloom articles when it comes to the economy as nobody really knows with 100% certainty what’s coming, but this is worth a read because it’s very likely true.
President Joe Biden is trying his best to convince Americans that recession is avoidable – especially with the midterm elections so close.
But according to a model projection from Bloomberg Economics, the U.S. economy is effectively certain to enter a recession in the next 12 months. The probability models maintained by Bloomberg economists Anna Wong and Eliza Winger had earlier shown just a 65 percent chance of a recession over the coming 12 months.
The latest projection doesn’t bode well for Biden and the Democrats ahead of the November elections.
Biden has repeatedly said that the U.S. will avoid a recession and that the downturn would be “very slight.” The president is obviously trying desperately to reassure Americans that the economy is still on solid footing. It’s not.
The tightening financial conditions, which include persistent inflation and expectations of a hawkish Federal Reserve pressing ahead with rate hikes, are raising the risk of an economic contraction.
A separate survey of 42 economists also showed rising probability of a recession – from 50 percent last month to 60 percent this October.
The odds of the U.S. entering a recession even sooner are also up. In the 11-month window, the probability is at 73 percent – up from 30 percent. In the 10-month window, the probability rose to 25 percent from zero.
These forecasts are a sharp contrast to Biden’s positivity. He has focused on strong job growth as he campaigns to help Democrats win House and Senate majorities in the midterms.
Inflation, which has hovered near a four-decade high, has been a drag on the prospects of Democrats in an election where polls indicate that the economy is the voters’ top concern.
Despite the dire numbers presented by economic experts, Biden still insists that he does not anticipate the U.S. to enter a recession.
He noted that economists have been predicting a slowdown in the economy for months, but the recession has not yet occurred. “I don’t think there will be a recession. If it is, it will be a very slight recession,” he said in a recent interview with CNN‘s Jake Tapper. “It’s possible. I don’t anticipate it.”
This remark came just hours after the International Monetary Fund (IMF) forecasted a global economic slowdown and a tightening of monetary and financial conditions in the United States.
“In short, the worst is yet to come and, for many people, 2023 will feel like a recession,” the IMF said. (Related: Americans for Tax Reform president slams White House for attempting to redefine recession.)
The IMF noted that the high inflation, a slowdown in China and the ongoing war between Russia and Ukraine are contributing to the challenges in the global economy.
Meanwhile, Biden said he has no intention of meeting Russian President Vladimir Putin at the G20 summit in Indonesia next month, although he will consider a conversation depending on the topic.
Biden said he would speak with Putin if the latter approached him at the conference and said he wanted to talk about releasing professional basketball player Brittney Griner.
Visit Collapse.news for more information about the possibility of a recession in the United States.
Watch this video to know why economic experts are warning of a global recession.
This video is from the NewsClips channel on Brighteon.com.
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