What This Really Means. Americans are financing their groceries, BASIC survival needs with buy now, pay later loans. More are falling behind on those loans, meaning even credit band-aids are bleeding out. Persistent inflation caused and engineered is breaking the financial back of the middle class. People are cracking, emotionally, financially, spiritually under the relentless squeeze.
The Deep Reality. This is not an accident. This is not bad luck. This is the direct result of a controlled demolition of the middle class.
Debt is the weapon.
Inflation is the silent bullet.
Credit dependency is slavery.
This is the final warning sign. This is the emotional setup for people to BEG for new systems (like digital currencies, controlled rations, etc.) under the guise of "help."
Sad thing is that most think this is brought to them by the “other team”. Wake up people and trust your instinct and yourself as no one is here to help you. Push back on everything what else do you have? I say never give up and don’t quit because that’s how they win.
Everyone bought those big expensive houses and now they cannot pay for them. I have had two neighbors who would rather fight me than pay for their own fence. I always pay for my own fence. If the survey says the fence is mine, i pay for it. But the others want me to pay for half.
I paid for a fence and then the next lady moved in and her tree took it down. Now she wants me to pay for another fence.
I said no. Now she is mad at me.
Tough times cause people to lose their shit.
What does Celente say?
When people lose everything they lose it.
Something like that.
They do, over trivial matters.
Another neighbor said my dog scared her and her kid. Well she was making a big deal out of nothing. My dog just wanted to lick them and get some free pets. But the neighbor came to my door upset. How dare your dog lick us!! We were scared to death!!! Then later the story morphed into - we could have been hurt!!
When i didn't respond the way she wanted she turned it into an even worse scenario. She should have wrote it down, it was novel quality.
People are and will lose it! Mentally!
About a week later i bumped a ladies car. At about a mile per hour. My foot slipped off the break.
There were two adults at the scene, but later there were a couple more. Of course they were all injured! Horrible injuries to get insurance money.
People better wake up.
Times are getting tough and people will
LOSE IT!!!
Im putting all my assets into an irrevocable trust and some LLCs to protect myself from creditors and lawsuits.
Yep, 5 years ago, many people listened the mass media that said It,s time to buy a house because the interest rate are low. Many are now really poor in this big house because their paycheck got reduce, inflation pickup speed and now these rich people are poor. All the paycheck go for the house and the municipal tax that raise alongside the inflation.
NEVER DO WHAT THE MASS MEDIA TOLD YOU TO DO. DO THE OPPOSITE.
True truth! I bought this house almost 20 tears ago. The houses here in some cases have tripled. We got a really great contract with the mortgage company. I guess they thought they would take us for fools by offering us another contract years later- i said NOPE!!! The terms were all changed, the interest rates fluctuated, then they also wanted a downpayment on the house i was already in. I have said no for tears. They call almost daily. Most of the spam calls i get is from my mortgage lender begging me to sign another contract. I wont do it! I have a home that is now worth triple what i bought it for meaning my payments are very low. I bet that erks the mortgage company! The economic downturn has not really been a problem for me. It is for everyone else. Maybe ill buy one of those big mansions for extra super discounted price once people lose it.
You might look into Nominal Value - rising real estate prices are caused by inflation - paper millionaires have been fooled to think their real estate 'investments' have made them rich - forgetting that the purchasing power of the dollar has been decimated for two decades. Everyone is house rich now... without a buyer in sight.
I listened to a car broker yesterday. He stated there is a new twist to defaults. Those upside-down from negative equity are accounting for an increasing percentage.
He postulates it is a direct result of the maniacal sales activity around COVID, and chip shortage that had buyers over paying for vehicles. Folks having to fund $15-20K loan balances after the sale now to pay off loan.
That is a warning! This system will consume itself if it isn't fed! I think the above " Everyone is house rich now" statement will turn into a "neg equity" replay of auto loans only a magnitude larger. Scary stuff!
This is absolutely the wrong time to lever up! To even think of borrowing large amounts long term is to risk your financial future!
Yep, but be careful with the municipal taxes. When the land and house evaluation go up, the first beneficial of It It's the municipality that will increase the annual taxes. Alabama have no municipal taxes after 65 years old. I hope you are in a state that have municipal tax holidays or are really low. I always remember that a house have a value is some one is ready to pay that value. Still, I'm glad you are in a house nearly paid and you got a great contract. The mortgage companies are identical to credit card companies, insurance companies. They always want you to change you contract with the new one that is worst then you had. Personally, when I got a promotional letter by mail from them, I open my BBQ and let the paper burn. I like to see the destruction of this paper that is worst smell then shit.
Many people are poor and desperate to make food on the table. Then these people are going to find something to make money at any cost. If they can make money on an invented story that make the neighbour guilty of something to steal his wealth, they are going to do It. These crooked people have a mind set of ''It's not my fault, It's people around me fault''. So for them, they are not guilty of anything like their poor choice, poor judgment and poor finance. I know these neighbour around me in my apartment complex. The best way to fight them is to have recording camera around your windows that film your belonging like you car, flower pot, entrance and more. That way they can't accuse you of voyeurism. Also, I know these people and I avoid them outside of my field of cameras. I even have a dual camera in my car to for these people and on the road for my insurance in case of a crash.
I've been listen to you for a long time. I have been preparing for a long time. 13 Years ago, I moved from NYC to a place that I could afford. I am prepared. Gold, silver, land and no debt except for my mortgage. I own a cabin at 10 000 ft and 4 different ways to get there. And much more. I have food and water for 18 mos. I have 3 different ways to power my home. Most people are oblivious to what is going on. They have had it too good for too long. Most people can't cook. Sometimes its not that they don't make enough but there spending habits are out of control. I live below my means. This about to get serious. Thanks for being the voice of reason, only if more would listen to you.
This is just the beginning this isn’t even anything for what’s coming to America. We need to rip down the cell towers. We need to smash these phones that is our freedom or salvation. We need to eliminate the beast system the cell towers with the frequencies. They are Satan’s frequencies. They are turning everybody into zombies, the Pentagon pentagram 5G pentagram.
I had a 54 year friend that died in her sleep 2 days ago & a 72 year old neighbor that died on the 19th. Both max vaxxed and no serious health problems. SMFH.
Thankyou for this- this is my biggest concern and it seems no one seems to listen and no one seems to care. (except for us here) It will kill us all without ever firing a shot.
I am 75, been in nursing half my working life ,ag before that,, have my coins from the 70s and my silver from the 50s,,I told people every day,,to buy coins that is what I have done my whole life !
trump DID say he was going to DESTROY America, and people still voted for him. So what is everyone complaining about? He's only doing what he said he was going to do.
Well the true parasites will love desperation. Pay day lenders, buy now, pay later lenders, high risk lenders. They all have one thing in common. Exorbitant interest rates. What comes next is outright theft. There are two types of people who are rising the fastest at the moment. The first is, "Those who are desperate" and, second, "those who have nothing left to lose". Be good to as many people as you can. There is a good chance they need it but are too proud to say anything.
Gee, what could possibly be wrong with that? When 95% of the population is totally ignorant on what is happening in the world economies let alone their own, it reminds me of what Alfred E. Newman was often quoted as saying, "What me worry?" We live in interesting times.
When office building bust comes along with auto loan bust that's when it gets even worse... Those Jobs the Qessiah is building with Cyborg EL/ /ON with EVs and most if not all manufacturing goes autobots and cyborgs just maybe they MAGA cult will finally realize they have been HAD/DUKED/CONNED/ just maybe they will see the light. Greg the only people going to make it through this are those who have paid off assets and don't owe no money.
propaganda. the usa has more food that is free for the needy than anywhere in the world. if they are in debt its spending needlessly ! better to focus on our good ways to survive.
What This Really Means. Americans are financing their groceries, BASIC survival needs with buy now, pay later loans. More are falling behind on those loans, meaning even credit band-aids are bleeding out. Persistent inflation caused and engineered is breaking the financial back of the middle class. People are cracking, emotionally, financially, spiritually under the relentless squeeze.
The Deep Reality. This is not an accident. This is not bad luck. This is the direct result of a controlled demolition of the middle class.
Debt is the weapon.
Inflation is the silent bullet.
Credit dependency is slavery.
This is the final warning sign. This is the emotional setup for people to BEG for new systems (like digital currencies, controlled rations, etc.) under the guise of "help."
“When people have nothing left to lose, they lose it”. G. Celente. Massive riots coming.
This is the end of the world as we know it.
Yes and then martial law to control the starving people.
But don't worry the MSM will report that it's only.003 percent of the population that is starving to death.
And that they're not really starving they are just radicals
Gray state
All while Trump is building a digital prison HELL!
Sadly his "voters" will follow him straight to that HELL, if the USA even resembles a country at that point.
$3500 gold should have everyone shitting themselves by now
That's the ULTIMATE sign/WARNING that the USD is in its final death throes!!
Sad thing is that most think this is brought to them by the “other team”. Wake up people and trust your instinct and yourself as no one is here to help you. Push back on everything what else do you have? I say never give up and don’t quit because that’s how they win.
Your right. Nobody....no other countries, none, will be coming to help us.
What happened to the 5k from Doge? lol. I guess we really didn’t save any money.
Congress will not willing give back the money they have Stolen from us. Not a chance--"Foggetta bout it, yo betta off."
Of course not. That’s their insider trading slush fund.
It appears so. https://doge.muskwatch.com/
Every week when I go shopping I'm wondering if the store has a defibrillator at the checkout
I'm surprised the Meat Department at grocery stores don't have a loan officer on duty :-D
I just told my family there will be no more toppings on the pizza.
NOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!
Make your own.
"Let them eat pizza"?
Everyone bought those big expensive houses and now they cannot pay for them. I have had two neighbors who would rather fight me than pay for their own fence. I always pay for my own fence. If the survey says the fence is mine, i pay for it. But the others want me to pay for half.
I paid for a fence and then the next lady moved in and her tree took it down. Now she wants me to pay for another fence.
I said no. Now she is mad at me.
Tough times cause people to lose their shit.
What does Celente say?
When people lose everything they lose it.
Something like that.
They do, over trivial matters.
Another neighbor said my dog scared her and her kid. Well she was making a big deal out of nothing. My dog just wanted to lick them and get some free pets. But the neighbor came to my door upset. How dare your dog lick us!! We were scared to death!!! Then later the story morphed into - we could have been hurt!!
When i didn't respond the way she wanted she turned it into an even worse scenario. She should have wrote it down, it was novel quality.
People are and will lose it! Mentally!
About a week later i bumped a ladies car. At about a mile per hour. My foot slipped off the break.
There were two adults at the scene, but later there were a couple more. Of course they were all injured! Horrible injuries to get insurance money.
People better wake up.
Times are getting tough and people will
LOSE IT!!!
Im putting all my assets into an irrevocable trust and some LLCs to protect myself from creditors and lawsuits.
I hope others do the same.
Good luck everybody!
Yep, 5 years ago, many people listened the mass media that said It,s time to buy a house because the interest rate are low. Many are now really poor in this big house because their paycheck got reduce, inflation pickup speed and now these rich people are poor. All the paycheck go for the house and the municipal tax that raise alongside the inflation.
NEVER DO WHAT THE MASS MEDIA TOLD YOU TO DO. DO THE OPPOSITE.
True truth! I bought this house almost 20 tears ago. The houses here in some cases have tripled. We got a really great contract with the mortgage company. I guess they thought they would take us for fools by offering us another contract years later- i said NOPE!!! The terms were all changed, the interest rates fluctuated, then they also wanted a downpayment on the house i was already in. I have said no for tears. They call almost daily. Most of the spam calls i get is from my mortgage lender begging me to sign another contract. I wont do it! I have a home that is now worth triple what i bought it for meaning my payments are very low. I bet that erks the mortgage company! The economic downturn has not really been a problem for me. It is for everyone else. Maybe ill buy one of those big mansions for extra super discounted price once people lose it.
You might look into Nominal Value - rising real estate prices are caused by inflation - paper millionaires have been fooled to think their real estate 'investments' have made them rich - forgetting that the purchasing power of the dollar has been decimated for two decades. Everyone is house rich now... without a buyer in sight.
I listened to a car broker yesterday. He stated there is a new twist to defaults. Those upside-down from negative equity are accounting for an increasing percentage.
He postulates it is a direct result of the maniacal sales activity around COVID, and chip shortage that had buyers over paying for vehicles. Folks having to fund $15-20K loan balances after the sale now to pay off loan.
That is a warning! This system will consume itself if it isn't fed! I think the above " Everyone is house rich now" statement will turn into a "neg equity" replay of auto loans only a magnitude larger. Scary stuff!
This is absolutely the wrong time to lever up! To even think of borrowing large amounts long term is to risk your financial future!
Yep, but be careful with the municipal taxes. When the land and house evaluation go up, the first beneficial of It It's the municipality that will increase the annual taxes. Alabama have no municipal taxes after 65 years old. I hope you are in a state that have municipal tax holidays or are really low. I always remember that a house have a value is some one is ready to pay that value. Still, I'm glad you are in a house nearly paid and you got a great contract. The mortgage companies are identical to credit card companies, insurance companies. They always want you to change you contract with the new one that is worst then you had. Personally, when I got a promotional letter by mail from them, I open my BBQ and let the paper burn. I like to see the destruction of this paper that is worst smell then shit.
Really sad commentary. People have forgotten how to get along with each other. All by design?
Many people are poor and desperate to make food on the table. Then these people are going to find something to make money at any cost. If they can make money on an invented story that make the neighbour guilty of something to steal his wealth, they are going to do It. These crooked people have a mind set of ''It's not my fault, It's people around me fault''. So for them, they are not guilty of anything like their poor choice, poor judgment and poor finance. I know these neighbour around me in my apartment complex. The best way to fight them is to have recording camera around your windows that film your belonging like you car, flower pot, entrance and more. That way they can't accuse you of voyeurism. Also, I know these people and I avoid them outside of my field of cameras. I even have a dual camera in my car to for these people and on the road for my insurance in case of a crash.
You need camera's
I've been listen to you for a long time. I have been preparing for a long time. 13 Years ago, I moved from NYC to a place that I could afford. I am prepared. Gold, silver, land and no debt except for my mortgage. I own a cabin at 10 000 ft and 4 different ways to get there. And much more. I have food and water for 18 mos. I have 3 different ways to power my home. Most people are oblivious to what is going on. They have had it too good for too long. Most people can't cook. Sometimes its not that they don't make enough but there spending habits are out of control. I live below my means. This about to get serious. Thanks for being the voice of reason, only if more would listen to you.
This is just the beginning this isn’t even anything for what’s coming to America. We need to rip down the cell towers. We need to smash these phones that is our freedom or salvation. We need to eliminate the beast system the cell towers with the frequencies. They are Satan’s frequencies. They are turning everybody into zombies, the Pentagon pentagram 5G pentagram.
Prions from the deathjabs are making people loco in la cabeza... Zombie Apocolypse ahead.
I had a 54 year friend that died in her sleep 2 days ago & a 72 year old neighbor that died on the 19th. Both max vaxxed and no serious health problems. SMFH.
Thankyou for this- this is my biggest concern and it seems no one seems to listen and no one seems to care. (except for us here) It will kill us all without ever firing a shot.
Reminds me of 2008-2009
08&09 weren't even speed bumps
Compared to what's coming!
https://www.latimes.com/archives/la-xpm-1992-08-09-fi-6393-story.html
Been going on longer that that...
I agree 💯 everyone forgets that?
I am 75, been in nursing half my working life ,ag before that,, have my coins from the 70s and my silver from the 50s,,I told people every day,,to buy coins that is what I have done my whole life !
Sad
trump DID say he was going to DESTROY America, and people still voted for him. So what is everyone complaining about? He's only doing what he said he was going to do.
You're getting what you asked for.
Eeeeeheheheheheheeee!
👍😃💯🥳🎉
Just follow shipping, trains and trucking companies. Low volume low sales.
Well the true parasites will love desperation. Pay day lenders, buy now, pay later lenders, high risk lenders. They all have one thing in common. Exorbitant interest rates. What comes next is outright theft. There are two types of people who are rising the fastest at the moment. The first is, "Those who are desperate" and, second, "those who have nothing left to lose". Be good to as many people as you can. There is a good chance they need it but are too proud to say anything.
Gee, what could possibly be wrong with that? When 95% of the population is totally ignorant on what is happening in the world economies let alone their own, it reminds me of what Alfred E. Newman was often quoted as saying, "What me worry?" We live in interesting times.
Ignorance is bliss.
When office building bust comes along with auto loan bust that's when it gets even worse... Those Jobs the Qessiah is building with Cyborg EL/ /ON with EVs and most if not all manufacturing goes autobots and cyborgs just maybe they MAGA cult will finally realize they have been HAD/DUKED/CONNED/ just maybe they will see the light. Greg the only people going to make it through this are those who have paid off assets and don't owe no money.
I believe it 100 Greg%
So sad! Get ready for massive chain disruptions!
propaganda. the usa has more food that is free for the needy than anywhere in the world. if they are in debt its spending needlessly ! better to focus on our good ways to survive.