Never Live in Fear..Live In Hope: Financial Crisis in US
- Today is the National Day of Prayer. Either you believe or you don’t believe. Don’t live in fear. Those that know don’t live in fear that the media creates for those that don’t know waiting for the sky to fall. How many democrats will make it a mockery of the National Day of Prayer.
- They will lead you to believe that everything will collapse because republicans won’t pass a clean debt ceiling extension. Republicans want to cut spending. IF you have been in office and are in there long enough to launch a re-election campaign you have been in there long enough to change what is happening.
- Pac West regional bank shares plunge 50% after execs pleaded for sale or cash injection as its huge investment in commercial real estate that breached federal guidelines causes concern on Wall Street. If you think this is the only bank holding commercial real estate papers. That used to be the grade of stuff. 40% of San Francisco is empty. If this was a republican administration this would be a crisis unlike anything else. We are looking at bank failure after bank failure. 2023 US Bank failures $549 Billion in total assets. PacWest bank shares crater on report it might be next to fail. Don’t think if it is that bad your government will tell you… NO if it is that bad your government will hide it from you.
- Never live in fear…Live in Hope. But it is unknown what will happen Friday.
- There is a reason that Janet Yellen came out to tell us that June 1.
- Jerome Powell is telling us that the banking system is sound. He is only interested in the collateral “you” will continue to pay your bill. He raised interest rates yesterday.
- White House economists claim 8 million jobs will be lost and the stock market will drop by 45% if there is a default on $31 trillion debt, while republicans wait for Biden to finally start talks. The Council of Economic Advisers on Wednesday issued dire warnings about the consequences of default, which could come as soon as June 1. Joe Biden is meeting republicans on May 9. Ted Cruz came out to say that Biden won’t have the talks because he can’t go into a room to have the talks and it will expose him on how he is not lucid.
- Federal Reserve hikes interest rates another .25 points to 5.25% in drive to fight inflation brushing off renewed fears of a banking crisis after the First Republic collapsed. The Federal Reserve has raised its benchmark lending rate for the 10th consecutive time, as it pushes to fight inflation while seeking to prevent fresh banking concerns from spreading.
- We have a lot of commercial papers that banks have that may cause the collapse. The reason they are raising interest rates is because of Biden’s explosive spending. And the republicans responded to the democrats, WHO, and China attack on this country. You can’t push the money out the window that fast and this does not happen. The magic number is 2% inflation and under Donald Trump it was under 2%. But they are working hard to crush the middle class. Now they can spin it into the debt crisis. It’s it interesting that the Feds are racking it in from the increase in interest rates on all the borrowed money from COVID
- Federal Reserve Chair Jerome Powell says that “the US banking system is sound and resilient” Banking institutions will be bailing out the banks and it will be handed down to the consumer via bank fees. Friday we are being told that more banks will collapse.
- Look here: Strikes across Ukraine after Kyiv denies drone attack on Kremlin.
- And, Look here: Special Counsel probes handling of Mar-a-Lago surveillance video.
- Markets finished lower after the Fed raised rates for the 10th time this cycle.
- Joe won’t meet because we are asking for this
- McCarthy’s debt ceiling plan includes: rescinding unspent COVID funds, banning Biden’s student loan forgiveness program, repealing green energy tax credits, killing new IRS funding, work requirements for some federal aid programs. If Joe will come to the table and discuss all this extra spending would increase confidence in the system. Biden and McCarthy vie for leverage as Debtas Debt-Ceiling C‑Ceiling Clock ticks down. White House details severe damage to the economy if the debt ceiling crisis occurs. You must live in fear. Fed rate hikes affect new mortgages, car loans, and credit cards. What they leave out is you had a discount window.
- When the federal government passes a bill, they don’t spend the money at one time. The federal reserve gets a “purchase order”. They sell bonds to back the purchase order. The corrupt fed around the world, they kept telling you zero percent and they knew this would happen. Not only you have to pay the interest rates on your car and home but you also pay the interest on the national debt.
- Time is running out! June 1st is coming. If we don’t do exactly what they tell you to do. The federal reserve has you as a hostage. And Jerome Powell is telling you that we can’t protect you.
- Mar-a-Lago is back in the news. Not Hunter Biden, Burisma, Jake Sullivan.
