Central Bankers Are Now Trying To Explain Away The Collapse - Episode 1282a
US household debt has now hit levels back in 2008. More debt is good for the bankers not for the people. Loan demand is down and credit has recently crashed. Mortgage application have declined again during the hot season for real estate. Central bankers are continually trying to explain why the recovery has not taken off, this time it is because the older generation is hoarding their savings. US Government officials have said they have been calculating the GDP incorrectly and it should be at least .4% higher. They are trying everything to re-manipulate the numbers to make the economy look better than it really is. Bill Blain says the stock market is up and there is really no reason for it be this high, everyone is expecting a correction.
This is a must listen to podcast for those wondering what's really going on politically, economically and geopolitically. Great to have you posting your info on steemit
x22Report you are here!!! I always enjoy your talks.
Right on point as always Dave! I've been getting prepared since 2012 when I started hearing from people I work with tell me 8 people just got laid off in Mechanisms and 7 people over in Propulsion and so on. The company was so hush hush, no articles on the company website and nothing in the local papers until I saw an article in the Daily Breeze a year later. Since 2012 to present we have had layoffs every year. The company now has at least reduced the work force by 50%. Yes, the economy is really that bad.
in my opinion a controlled demolition of the global system is nearly impossible since no one has an idea of how debt saturation looks like on an exponential scale - I hope this crap hits the proverbial fan as soon as possible - like always; thanks Dave
I hope the crap doesn't hit the fan too hard - think of all the homeless unemployed desperate people this will create!
It will suck very hard, but longer we keep this up, the worse it will be when it collapses. We just need to be ready to dismantle the Fed and hang the bankers.
Hey vuduy3rd the sooner the better and it appears it is rapidly approaching. Yep Cannuck and we are going to be hit hard. I wonder why they call it America?
Isn't the stock market high because of money printing. What happens when debt is massively defaulted on. Won't money disappear resulting in deflation and then helicopter money?
Welcome Dave, THE geopolitical apocalypse spokesperson!
Those stingy, selfish old people, hoarding money to be able to pay for their medical expenses and prescriptions.
Thanks for coming to Steemit, Dave! I've been a listener for about a year now and continue to listen daily.
Took your advice Dave and came over to check out Steemit. Wishing much success over here!
So much fakery and illusion. The central banks must collapse to save our civilization. They make bernie madoff look like a street panhandler. Where is all the outrage? At trump? Man we have a big mountain of hell coming