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Our Deer In The Headlights Moment: The “Worst Market Crash Since 1929” Is Rapidly Approaching And The Fed Doesn’t Know Which Way To Go The Federal Reserve is stuck between a rock and a hard place. If the Fed pushes rates higher, interest payments on our 34 trillion dollar national debt could spin wildly out of control and bank balance sheets will be in even worse condition than they are now. First Republic just bit the dust, and literally thousands of other small and mid-size banks and in serious jeopardy. So it would be suicidal to hike rates at this point. But if the Fed were to reduce rates, that would be like injecting jet fuel into a raging fire. Our ongoing inflation crisis is absolutely crushing working families, and the rising cost of living has risen to the top of the list of things that U.S. voters are concerned about. The Fed seems very hesitant to cut rates, because that would make inflation even worse. So at this point the Fed is essentially caught in a “deer in the headlights” moment because it doesn’t know which way to go. But staying on the path that we are currently on is only going to end in disaster. Mark Spitznagel, the chief investment officer of Universa Investments, recently warned that he believes that the “worst market crash since 1929” is ahead of us…
For years, our leaders have been “kicking the can down the road”, but according to Spitznagel all of that intervention has set the stage for an absolutely epic collapse…
In the months ahead, we will want to keep a very close eye on our banks. Our banks are the beating heart of our economic system, because without the banks we would not have a functioning economy. The banks are where we get mortgages to buy homes, auto loans to buy vehicles, and credit cards to go on shopping sprees. Without the credit they provide, we would be in a world of hurt. Unfortunately, our banks are in very serious trouble right now. Higher interest rates have blown a hole that is hundreds of billions of dollars wide in their balance sheets. And they are sitting on mountains of commercial real estate loans that are going bad because the value of commercial real estate has collapsed all over the nation. One consulting firm that examined data from approximately 4,000 U.S. banks is warning that hundreds more banks could potentially fail during this crisis…
Meanwhile, we continue to get even more signs that the overall economy is really slowing down. For example, we just learned that Rue21 is going to be shutting down all 543 of their stores…
All over America, stores are closing, businesses are fleeing our core urban areas, and once bustling office buildings are standing empty. At this stage, everyone should be able to see where all of this is heading. The Chinese certainly understand the direction that things are moving. The following comes from an article entitled “China Is Buying Gold Like There’s No Tomorrow”…
Chinese consumers are voraciously buying gold because their own economy is crumbling and they can see what is happening to the global economy as a whole. At the same time, China’s central bank is gobbling up gold at an unprecedented rate…
Traditionally, buying gold and other precious metals has been a way to preserve your assets if you think that a major crisis is coming. And the truth is that a major crisis has already begun. I have been warning my readers that 2024 would be a very important year, and that has definitely turned out to be the case. Of course all of this is very bad news for Joe Biden. He had been hoping that an improving economy would help his chances in November, but instead there has been a dramatic shift in the wrong direction just as we enter the most critical months of campaign season. Michael’s new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.
Michael Snyder’s extremely controversial new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com. He has also written seven other books that are available on Amazon.com including “End Times”, “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. When you purchase any of Michael’s books you help to support the work that he is doing. You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter. Michael has published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites. You can connect with Michael on YouTube, Facebook and Twitter, and sharing his articles on your own social media accounts is definitely a great help. These are such troubled times, and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” If you have not already done so, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.
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