The most epic and hazardous economic storm is in front of our door. We can’t escape it! The central banks and government kleptocrats placed us all in a trap, and they are caught in it!
The FED raised the interest rates by 50% basis points to stem the tide of exploding inflation. Now the inflation is 15%-25%, the tiny gesture of 0.5% won’t affect the inflation.
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But, it will affect the real estate markets, which have reached their peak. Higher interest rates equal higher costs to service mortgage loans, making it more difficult for potential buyers to qualify for bank loans on overpriced housing and land.
‘’ The result will be swift: A rapid unwinding of the housing bubble that was catapulted into place by absurdly low-interest rates and seemingly endless money printing.’’
That’s the beginning of the storm.
The US trade deficit has soared to a $110 billion deficit in one month. The US isn’t exporting much.
CNBC reported a shocking new economic report showing that US worker productivity fell by 7.5% in the first quarter of 2022. It’s a plunge off a cliff.
America’s businesses and manufacturers are paying more money for less productivity.
CNBC reported that e-commerce falls sharply, and platforms are hammered in a 1,000+ point plunge in the DOW.
Liberty and Finance interviewed Andy Schectman, CEO of Miles Franklin, a larger retailer of precious metals, where he shared his analysis about how BRICS nations are poised to unleash their gold-backed digital currency that will unseat the dollar as the world reserve currency.
The governments of Switzerland and Germany told their citizens to stockpile supplies and get ready for power grid collapse.
They shared the importance of the global events, and they told the people to stockpile essential supplies and prepare for scenarios such as power grid collapse or nuclear war.
Free West Media reported:
German Interior Minister: Citizens should start hoarding emergency supplies – Against the background of the Ukraine war, Federal Interior Minister Nancy Faeser advised citizens to take survivalist precautions in the event of a crisis.
This not only affects technical issues “but also supplies for food, medicines or medical supplies.” There are still 599 nuclear shelters in Germany. There are also some that are used differently today. “It makes sense to reactivate some of them,” Fraser said.
In the absence of an electricity agreement with the European Union, such a scenario is likely if large power plants fail in Switzerland or abroad.
A power failure could cause damages of up to CHF4 billion ($4.3 billion) a day, the newspaper notes, citing government figures.
Switzerland risks significant problem guaranteeing electricity in the short and medium-term, especially in winter, in the absence of progress on a deal with the EU, according to experts.
Germany and Switzerland prepare their citizens for the energy and economic crisis that is artificially created.
Western Europe will face an economic hellscape, but the political leaders still act destructively with their decisions daily.