The Entire System Is Crumbling! Major Red Flags Are Popping Up For Banks, Small Businesses and Retailers
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by Tyler Durden
Friday, Jun 14, 2024 - 12:20 AM
Authored by Michael Snyder via The Economic Collapse blog,
If the economy is fine, why are so many signs of trouble erupting all around us? Those that keep insisting that the U.S. economy is heading in the right direction conveniently ignore the very troubling facts and figures that I regularly share with my readers. When you take an honest look at the cold, hard numbers that the economy keeps producing, there is only one logical conclusion. Our entire system is crumbling, and it appears that conditions will soon get significantly worse.
It's a race to see what happens first - the Crash, or the Election.
If the Election happens before the crash, Trump will be blamed.
If the Crash happens before the election, Trump will be blamed. But he'll be swept into office in a landside, and can fix it.
And he’ll have a real mandate to do the drastic things to fix stuff as soon as possible. People have suffered for 4 years.
People have suffered since 9/11... and 2008, and 2016, and 2020 and are still suffering... especially small business owners. We've been running on fumes.
We need Trump...we need to wipe out income tax and we need tariffs to stimulate production, put an end to both IP theft and low cost imports affecting every sector of the market.
It's often said people don't want to work anymore... well why would they? Competition with imports (even grassroots craft items!) have razor thin margins, and every transaction is riddled with paperwork, regulations, taxes and unreal raw material costs... and shipping is nuts. Send an e-packet from China for a dollar or two vs $35 to ship from me to the next town over. Some days it's not worth it...
ZH is a fun read for doom porn, terrible site for investment guidance.
Getting your money out of the banks and buying silver and gold is the way to go. When the banks collapse you won't be able to access your money and even if you can the dollar will be worthless.
Snyder is known to be hperbolic.
That being said, I think I agree this time.
At least he’s upfront. The Economic Collapse blog probably doesn’t waver far from its namesake I’m guessing.
During Trump's first term he had a press conference with Secretary of Treasury, Steve Mnuchin, during which he announced that the Treasury took over the books of the Federal Reserve. Nobody batted an eye. Nobody. Crickets.
Trump announced his victory right there. When the Federal Reserve was lost, the Deep State lost. We are now watching the clean up operation.
The only reason we have income tax is the Federal Reserve, which we now own. When Trump talks about ending income tax, he means it. It's going to happen. He's telling us.
Deport illegals. Shut down the Satanists and human traffickers. End income tax. Confiscate trillions from the criminal class. All good things will absolutely explode in this country and around the world.
Anyone who works for the IRS, start pursuing new opportunities.
I still don't think we should pay back debt that was money squandered by CONgress e.g. Pork barrel, Foreign Aid, Black Buget/Ops etc.
Isn't most of that debt owed by the government to the federal reserve? Wouldn't most of it sorta vanish if the reserve went away or would someone else have to pick up the bag?
I think about: The US (FED) takes the assets of the bad guys & pays the debt to the bad guys? Will Americans in good standing be repaid for this forced robbery?