Category: Stock Market

House Committee Launches Investigation Into BlackRock And MSCI

House Committee Launches Investigation Into BlackRock And MSCI

FILE PHOTO: The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. REUTERS/Carlo Allegri/File Photo
The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. (Photo via REUTERS/Carlo Allegri/File Photo)

OAN’s Noah Herring
5:10 PM – Wednesday, August 2, 2023

SEE: https://www.oann.com/newsroom/house-committee-launches-investigation-into-blackrock-and-msci/;

Republished below in full unedited for informational, educational, & research purposes.

The House Select Committee on Strategic Competition between the United States and the Chinese Communist Party (CCP) have announced that they are launching an investigation into BlackRock, the world’s largest asset manager, and MSCI, one of the world’s largest providers of index funds. 

The committee reportedly sent letters to BlackRock CEO Larry Fink and MSCI CEO Henry Fernandez on Monday notifying them that it is launching an investigation regarding their affairs with certain Chinese companies.

“Our review has shown that, as a direct result of decisions made by MSCI, these Americans are now unwittingly funding PRC companies that develop and build weapons for the People’s Liberation Army (PLA)—the PRC’s military—and advance the CCP’s stated mission of technological supremacy,” wrote the Select Committee’s Chairman, Rep. Mike Gallagher (R-Wis.), and its ranking member, Rep. Raja Krishnamoorthi (D-Ill.).

The letter further indicated that by sending large amounts of money to companies linked to the Chinese military and human rights abusers, BlackRock and MSCI are “exacerbating an already significant national security threat and undermining American values.” 

The committee claimed that BlackRock invested more than $429 million across five funds linked to Chinese companies that “act directly against the interests of the United States.” 

They also found at least 40 companies listed on the MSCI indexes that are on governmental “red-flag” lists.

“The majority of our clients’ investments in China are through index funds, and we are one of 16 asset managers currently offering U.S. index funds investing in Chinese companies,” BlackRock said in a statement. “With all investments in China and markets around the world, BlackRock complies with all applicable US government laws. We will continue engaging with the Select Committee directly on the issues raised.”

MSCI indicated that they have complied with all U.S. laws and are currently in the process of reviewing the committee’s request for information. 

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Rep. Victoria Spartz BLASTS Blackrock and COMMUNISM in WARNING About Administrative State

Congresswoman Victoria Spartz immigrated to the United States in the year 2000. She grew up in Ukraine, met her husband Jason on a train in Europe, became a US Citizen, and worked her way up from being a bank teller to a CPA, finance executive, successful business owner, and Indiana State Senator. Now, she serves on the U.S. House of Representatives Judiciary Committee, where she is one of the loudest voices speaking out against the Administrative State, Communism, and the Influence of Mega Corporations like Blackrock and their takeover of the global economy.

Target Loses $9 Billion in Market Value After Boycott

Target Loses $9 Billion in Market Value After Boycott

BY MATT MARGOLIS

SEE: https://pjmedia.com/news-and-politics/matt-margolis/2023/05/25/target-loses-9-billion-in-market-value-after-boycott-n1698079;

Republished below in full unedited for informational, educational, & research purposes.

Target has faced enormous criticism for its recent efforts to cater to the transgender community in recent weeks after the national retailer introduced a “Pride collection” across its stores, featuring merchandise, clothing, and books promoting transgender-friendly messages and leftist gender ideology. What made this particularly troubling was that the products were not just for adults but also for young children and babies. Target also ensured that these products were prominently displayed at the front of its stores, forcing everyone who entered to be exposed to its rainbow-colored propaganda.

In response to the mounting backlash, Target held an emergency meeting and instructed certain store locations, mainly in rural Southern areas, to relocate and reduce the size of their Pride sections to avoid a situation similar to the Bud Light controversy.

“I think given the current situation with Bud Light, the company is terrified of a Bud Light situation,” a Target insider said.

Well, it looks like they couldn’t contain the damage. Just a week ago, Target’s stock closed at $160.96 per share, resulting in a market capitalization of $74.3 billion. However, early trading on Thursday showed a 1% decrease, with shares trading at $141.76. As a result, the market value has fallen to $65.3 billion — a 12% drop and a staggering loss of $9 billion in market capitalization.

Boycotts are generally seen as ineffective for various reasons. However, the boycott of Anheuser-Busch and Bud Light, prompted by their controversial partnership with Dylan Mulvaney, a TikTok influencer who pretends to be a girl, defied precedent. The boycott resulted in a significant decrease in demand for Bud Light, with sales down more than 28%. Anheuser-Busch has lost a reported $16 billion in market value since the boycott began. Now, the Target boycott appears to have had a similar impact on its business as the Bud Light boycott.

Anheuser-Busch is desperately trying to repair the damage done to its brand, and so far, those efforts have been unsuccessful. Will Target have a similar mea culpa in light of its stock tanking?

At the moment, the answer is no. The CEO of Target, Brian Cornell, recently expressed that he thinks going woke is good for the company.

“I think those are just good business decisions, and it’s the right thing for society, and it’s the great thing for our brand,” Cornell said. “The things we’ve done from a DE&I [diversity, equity, and inclusion] standpoint, it’s adding value.”

He added, “It’s helping us drive sales, it’s building greater engagement with both our teams and our guests, and those are just the right things for our business today.”

Will Cornell think differently after what’s happening to Target’s stock?

Related: We Haven’t Won Against Target Yet

Not yet. According to an internal company email, Target is still woke as ever, transitioning (see what I did there?) from its sadness over the backlash to its pride collection to acknowledging the three-year anniversary of George Floyd’s death and offering resources to employees who might need some emotional support.

“Yesterday was a very hard day for Target, and as CEO Brian Cornell said, thank you for the care you’ve shown each other, our frontline teams, and the LGBTQIA+ community,” the email began. “Today brings more reflection, pain, and the need for continued care as our team, hometown, and world remember the anniversary of the murder of George Floyd. As you make space to take care of yourself and each other, know that you can always tap into these tools from Team Member Life Resources, and as Mental Health Awareness Month continues, turn to the Take Five to Take Care hub for more well-being support.”

Unlike Anheuser-Busch, Target clearly hasn’t realized it made a mistake. The company fully endorses wokeism and believes it’s the company’s future. It’s going to take a lot more to change the culture of Target.

Hunter’s firm sought Irish government investments during Biden’s vice presidency

FOX Business's Maria Bartiromo, Newsweek deputy opinion editor Batya Ungar-Sargon and Bullseye American Ingenuity Fund portfolio manager Adam Johnson discuss the 'flagrant' disregard from President Biden by bringing Hunter Biden to Ireland as new emails surface regarding his son's business dealings.

The BANK meltdown just got worse, entire system downgraded to NEGATIVE

"Are all U.S. banks in trouble because some of them are? That is what Moody’s thinks. Moody’s Investors Service announced that it cut its outlook on the entire U.S. banking system from “stable” to “negative.” Yikes. This is a rare admission that the U.S. banking system is fundamentally intertwined. Moody’s says that even banks that have not failed still have “unrealized losses” and “uninsured depositors” that may be at risk. Yet somehow the U.S. stock market rallied on Tuesday, perhaps because the U.S. inflation number was the lowest we’ve seen in a year at 6%."

GOP rep. exposes ‘underlying cause’ of SVB’s collapse~Biden admin is ‘built upon a lie’ causing ‘disasters everywhere’~Why The US Banking System Is BREAKING UP!!!~BANK Stocks COLLAPSE After Biden Says Banking System ‘Sound’

Rep. Andy Barr, R-Ky., discusses the impact of Silicon Valley Bank's collapse and slams President Biden’s response on ‘Mornings with Maria'.

Biden admin is 'built upon a lie' causing 'disasters everywhere'

DR. STEVE TURLEY: Why The US Banking System Is BREAKING UP!!!

BANK Stocks COLLAPSE After Biden Says Banking System 'Sound'

Pelosi sold off $3,000,000 of Google stock weeks before DOJ launched antitrust probe

BY ROBERT SPENCER

SEE: https://www.jihadwatch.org/2023/01/what-a-coincidence-pelosi-sold-3000000-of-google-stock-weeks-before-doj-launched-antitrust-probe;

Republished below in full unedited for informational, educational, & research purposes.

The corruption is so thick in Washington that you need wings to stay above it.

“Convenient Timing: Pelosi Sold $3 Million of Google Stock Weeks Before DOJ Launched Antitrust Probe,” by Chuck Ross, Washington Free Beacon, January 25, 2023:

Rep. Nancy Pelosi (D., Calif.) and her multimillionaire husband sold up to $3 million in shares of Google in recent weeks—just before the Biden Justice Department launched an antitrust probe of the tech giant.

Paul Pelosi sold 30,000 shares of Google from Dec. 20 to Dec. 28, according to a financial disclosure filing the former House speaker submitted to the House Ethics Committee. The Pelosis made an undisclosed profit from the investments, according to the filing.

The trade proved timely. On Monday, the Justice Department and attorneys general from eight states—including California—sued Google over its monopoly on the digital ad market. The lawsuit could force Google to break up its online ad business, which generated nearly $55 billion in revenue for the company in the most recent quarter. Google’s stock has dropped around 6 percent since the Justice Department announced the lawsuit….

They saved roughly $600,000 in June by selling shares of microchip maker Nvidia weeks before the U.S. government placed restrictions on the company’s business in China and Russia. The Pelosis have seen their fortune grow $140 million since 2008, thanks largely to Paul Pelosi’s stock trades, according to a Washington Free Beacon analysis….

Sen. Josh Hawley (R., Mo.) on Tuesday introduced the Preventing Elected Leaders from Owning Securities and Investments Act—the PELOSI Act—to prohibit members of Congress and their spouses from owning or trading individual stocks.

“For too long, politicians in Washington have taken advantage of the economic system they write the rules for, turning profits for themselves at the expense of the American people,” Hawley said. “As members of Congress, both Senators and Representatives are tasked with providing oversight of the same companies they invest in, yet they continually buy and sell stocks, outperforming the market time and again.”…

Trump Was Right: Joe Biden Destroyed the Stock Market

BY MATT MARGOLIS

SEE: https://pjmedia.com/news-and-politics/matt-margolis/2022/12/31/trump-was-right-joe-biden-destroyed-the-stock-market-n1657546;

Republished below in full unedited for informational, educational, & research purposes.

You probably don’t need me or anyone else to tell you that 2022 was a brutal year for your stock portfolio. If you were planning to retire in 2023, you may want to put it off, as it may be a while before your retirement fund recovers. It turns out that 2022 was the worst year for the stock market since 2008. You remember the financial collapse in 2008, right?

In 2022, the S&P 500 lost 19.44%, the DOW lost 8.78%, and the NASDAQ lost 33.10%.

Let’s go Brandon!

Last year, Joe Biden was quick to take credit for any positive economic news (which was really the result of the economy reopening after the COVID shutdowns), including the stock market’s rise.

“[The stock market] has hit record after record after record on my watch, while making things more equitable for working-class people,” Biden said back in January 2022.

Related: Alibi Biden Didn’t Inherit a Bad Economy, He Created One

Will he take credit for the current state of the stock market?

It’s worth noting here that Donald Trump predicted the stock market would crash under Biden. Once again, he was right.

Deep state money supply: FTX, the collapsed crypto exchange, funded the “TOGETHER Trial” to discredit ivermectin

Image: Deep state money supply: FTX, the collapsed crypto exchange, funded the “TOGETHER Trial” to discredit ivermectin

BY ETHAN HUFF

SEE: https://www.naturalnews.com/2022-11-15-ftx-crypto-funded-together-trial-discredit-ivermectin.html;

Republished below in full unedited for informational, educational, & research purposes.

(Natural News) Remember that infamous New England Journal of Medicine (NEJM) study that declared ivermectin to be an ineffective remedy against the Wuhan coronavirus (Covid-19)? It turns out that the now-defunct cryptocurrency exchange FTX helped pay for it.

On May 16, the FTX Foundation issued a press release “proudly” announcing financial support for the “global expansion of the TOGETHER Trial,” as they called it, the lead investigators of which were awarded that very same day the prestigious Trial of the Year Award from the Society for Clinical Trials (SCT) in San Diego.

“Each year the SCT presents one award for a randomized clinical trial published the previous year that best exemplifies five key criteria including improvements to humankind and provides a basis for substantial and beneficial changes to health care,” the press release states.

“The TOGETHER Trial is the largest placebo-controlled COVID-19 trial and has, so far, evaluated 11 different treatments for COVID-19. On May 16, the TOGETHER trial receives the award and announces more than $18 million in funding and purchase commitments from the FTX Foundation that will enable the expansion of the trial from Brazil and Canada, to include experienced sites in South Africa, Rwanda, the Democratic Republic of the Congo, the Bahamas, Pakistan, Vietnam, and Ghana.”

The press release goes on to feature quotes from several lead investigators as well as employees at the FTX Foundation, all of whom celebrated and praised each other for this “achievement”. (Related: Other research out of Brazil found that ivermectin helps reduce the risk of covid death by 92 percent.)

Did FTX steal crypto investors’ money to fund corrupt studies like the TOGETHER Trial?

David Henderson of EconLog critiqued the FTX-funded anti-ivermectin study and found that “it is not nearly as conclusive and persuasive as the two doctors’ quotes and other media coverage would lead us to believe.”

It turns out trial participants actually did benefit from the use of ivermectin, which in many other countries is available as an over-the-counter medication similar to aspirin. Only in the United States and other heavily globalist-controlled countries is ivermectin prescription-only or not available at all due to political pressures.

Henderson explains that the study’s methodology was flawed because prospective patients who were sick with covid and actually wanted ivermectin shied away from it because of the 50-50 chance that they would end up with a placebo instead.

“Further, those who wanted ivermectin likely would have had a serious case of COVID; hence their desire for the drug,” he says. “Therefore, we can assume that the trial participants skewed toward those who considered themselves at low risk from the illness. This conflicts with the stated goal of the trial, which was to study high-risk patients.”

None of this ended up mattering, though, as the globalists behind the TOGETHER Trial produced the results they wanted. And the FTX Foundation is a big reason why that happened, as the organization presumably stole crypto investors’ money to supply the cash needed to make it happen.

Since we now know that FTX head Sam Bankman-Fried bilked investor cash to funnel it into Ukraine and ultimately the Biden regime and other Democrats, it is hardly a stretch to assume that the same criminality was used to fund this anti-ivermectin trial, and possibly other studies as well.

“Criminal charges need to be brought to those responsible for shutting down doctors from helping their patients during the pandemic,” wrote a commenter about the anti-ivermectin agenda and everyone behind it, including Bankman-Fried and his FTX scam.

More related news about the collapse of FTX and other criminality in the financial world can be found at Collapse.news.

Sources for this article include:

Yahoo.com

NaturalNews.com

EconLib.org

PayPal Stock Plummets After Telling Users It Will Fine Them for “Misinformation”~PayPal Did NOT Back Down, STILL Threatens $2,500 Fines for Promoting ‘Hate’ and ‘Intolerance’

BY ROBERT SPENCER

SEE: https://pjmedia.com/news-and-politics/robert-spencer/2022/10/10/paypal-did-not-back-down-still-threatens-2500-fines-for-promoting-hate-and-intolerance-n1635846

Republished below in full unedited for informational, educational, & research purposes.

The story was shocking: As PJM’s Rick Moran stated Saturday, “The financial services company PayPal announced a controversial policy to deduct up to $2,500 from the accounts of users who spread ‘misinformation.’” But as the news of this astonishing plan circulated far and wide, PayPal experienced a swift backlash in the form of a blizzard of account cancellations, and quickly backed down, claiming that the announcement went out “in error” and adding: “PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy.” That’s terrific, or would be if it weren’t for the fact that PayPal’s current Acceptable Use Policy still threatens $2,500 fines per infraction for promoting “hate” and “intolerance” — language the Left regularly uses to characterize (and demonize) speech that is critical of its insane policies.

Eugene Volokh pointed out Sunday that PayPal’s Acceptable Use Policy, which was last updated on Sept. 20, 2021, warns the unfortunate PayPal user that “you must adhere to the terms of this Acceptable Use Policy,” or else: “Violation of this Acceptable Use Policy constitutes a violation of the PayPal User Agreement and may subject you to damages, including liquidated damages of $2,500.00 U.S. dollars per violation, which may be debited directly from your PayPal account(s) as outlined in the User Agreement (see ‘Restricted Activities and Holds’ section of the PayPal User Agreement).”

Click on that “Restricted Activities and Holds” section, and you’ll find a long list of “you must nots,” including the expected prohibitions of fraud, selling counterfeit goods, and the like. But included on the list of things you must not do is “Provide false, inaccurate or misleading information.” False, inaccurate, or misleading in the eyes of whom? Why, of PayPal’s Leftist hall monitors, of course, and no one else, including the person PayPal accuses: “If we believe that you’ve engaged in any of these activities, we may take a number of actions to protect PayPal, its customers and others at any time in our sole discretion.” No one else’s. You’ll have no appeal, no recourse, and no opportunity to present your side of the story.

And among the “Prohibited Activities” listed on the Acceptable Use Policy page, you’ll find forbidden “the promotion of hate, violence, racial or other forms of intolerance that are discriminatory or the financial exploitation of a crime.” No problem, eh? You have never engaged in or ever plan to engage in any promotion of hatred, violence, or intolerance, so you’re in the clear, right? Wrong. Leftists routinely accuse patriots of promoting hate: Wanting a secure southern border is promoting hate. Not wanting to see our schools become platforms for genuinely hateful and false race grievance propaganda is promoting hate. Disagreeing with the Leftist dogma that Islam is a religion of peace is promoting hate. Not believing that Jan. 6 was an insurrection or that Donald Trump is a traitorous Russian puppet is promoting hate.

Related: [UPDATED] Could PayPal Policy Allow Them to Deduct Up to $2,500 From Your Account for Spreading ‘Misinformation’?

And so what PayPal’s still-in-force Acceptable Use Policy is saying is that at PayPal’s sole discretion, it can decide to start fining wrong thinkers and taking thousands of dollars from your account for the sole reason that you don’t toe the Left’s political line. PayPal backed down on fining you for spreading “misinformation,” but few people seem to have noticed at all that it still threatens to fine you for “hate” and “intolerance.” Don’t like drag queens sexualizing primary school children? If a PayPal wonk decides that’s “intolerance,” you could be out $2,500, and remember, that’s just for one infraction alone. If you dare to express your dissent more than once, you could be into PayPal for tens of thousands of dollars.

Can they do this? Will they do this? That depends on who wins the game of judicial roulette. Will a case challenging this get heard by a judge appointed by Obama or Biden, or by one whom Trump appointed? PayPal’s Acceptable Use Policy is one indication of why Leftists are so avid to pack the Supreme Court and so incandescently enraged with Justices Gorsuch, Kavanaugh, and Barrett. Give the Left a Supreme Court majority, and the ruling will come that PayPal is a private company that need not be bound by First Amendment considerations, and is free to put political pressure on its users however it may wish to do so.

It’s certainly time to ditch PayPal. But make no mistake: PayPal is not alone in this. They’re just out front on it. Before too long, every one of the social media giants and financial services will have similar policies, unless there comes to be such a change in the American customer base that these massive corporations see that woke fascism simply isn’t profitable for them, as tens of thousands of people, or more, stop using their services. That part is up to us.

 

Louisiana pulls in its $800 million account from leftwing Blackrock FOR ITS ANTI-FOSSILE FUELS POSITION

Left-wing money managers are running trillions of dollars in public pension funds. They are using those funds to push their political agenda. One America's Neil W. McCabe spoke to the Treasurer of Louisiana to see how he's fighting back.

SEE: https://thenewamerican.com/louisiana-divests-from-blackrock-over-esg-policies-that-would-destroy-louisianas-economy

Finger-Pointing Federal Reserve Admits They Can’t Tame Inflation, Blames Congress

BY STEPHEN GREEN

SEE: https://pjmedia.com/vodkapundit/2022/09/01/finger-pointing-federal-reserve-admits-they-cant-tame-inflation-blames-congress-n1625965;

Republished below in full unedited for informational, educational, & research purposes.

The Federal Reserve has some not-so-comforting inflation news for Americans: They can’t tame it, and it isn’t their fault.

The current “increase in inflation,” says a new report published by the Kansas City Federal Reserve, “could not have been averted by simply tightening monetary policy.”

The Fed was established in 1913 to promote economic stability by protecting the value of the dollar.

If they can’t do it, who can?

That’s where things get complicated, as you’ll see.

Skip this next excerpt if you like, because I’ll have a TL;DR version for you just below it.

The report, written by Leonardo Melosi of the Chicago Fed and John Hopkins economist Francesco Bianchi goes on to say:

Trend inflation is fully controlled by the monetary authority only when public debt can be successfully stabilized by credible future fiscal plans. When the fiscal authority is not perceived as fully responsible for covering the existing fiscal imbalances, the private sector expects that inflation will rise to ensure sustainability of national debt. As a result, a large fiscal imbalance combined with a weakening fiscal credibility may lead trend inflation to drift away from the long-run target chosen by the monetary authority.

Here’s the TL;DR: Inflation is raging because Congress is spending money we don’t have, is producing trillion-dollar deficits with no end in sight, and has no intention (much less an actual plan) of reining it in.

Michael Maharrey adds:

Make no mistake, the US government is spending far beyond its means. Although the budget deficit is shrinking as emergency pandemic spending programs wind down, the Biden administration continues to spend about half-a-trillion dollars every single month, piling onto the ever-ballooning deficit.

The current “plan” is that Congress will spend nearly 50% more than it will take in, month after month, year after year, and pretend that’s sustainable.

Meanwhile, our idiot POTUS puppet conjured up perhaps as much as another trillion dollars in transfer payments from the poorest Americans to the richest, cloaked as “college loan debt relief.”

Can he do that? Well, who’s there to stop him?

But back to inflation — and let’s forget about interest rates.

Here’s what that Federal Reserve paper doesn’t say: If Congress is the husband who’s drunk on spending, then the Fed is the codependent wife driving him safely home from the bar each night.

Congress could never get away with multi-trillion dollar deficits if they weren’t enabled by the mad money minters at the Federal Reserve.

Recommended: California Warns: Here Come the Blackouts, Don’t Charge Your Car

When Congress wanted to provide “relief” from the totally unnecessary COVID-19 lockdowns, Minneapolis Fed President Neel Kashkari went on 60 Minutes to assure people that the Fed has basically an “infinite amount of cash.”

Two years later, you can still feel the “assurance” every time you buy groceries.

The point is, every time Congress wanted to spend a couple trillion dollars we didn’t have, there was the Fed to monetize it — IE, roll the digital printing presses 24/7.

Here’s the Fed’s balance sheet since 2000:

Federal Reserve Balance Sheet

When the Fed owns assets — the bank’s balance sheet — it’s because they bought it. Where does the Fed get the money to buy things?

They print it. Convenient for them, no?

Since March of 2020, the Fed has bought $5,000,000,000,000 worth of assets using funny money. They just injected craploads of new dollars into circulation, in no small part to cover Congress’ largess.

Cut. It. Out.

So long as the Fed can print money at will, there’s absolutely nothing to stop Congress from spending money we don’t have.

The fate of the world’s largest economy is in the hands of a codependent couple. One has no interest in the welfare of the country as a whole, and the other apparently has no interest in taking responsibility for its part in letting that happen.

Fed rate hike to unleash AVALANCHE of home foreclosures and market drops while still doing little to halt skyrocketing INFLATION

BY MIKE ADAMS

SEE: https://www.naturalnews.com/2022-07-28-fed-rate-hike-to-unleash-avalanche-of-home-foreclosures-and-market-drops-while-still-doing-little-to-halt-skyrocketing-inflation.html;

republished below in full unedited for informational, educational & research purposes:

(Natural News) Yesterday the Fed hiked the interbank lending rate by 75 basis points (0.75%), which will lead to retail loan rates rising across the board. This is all part of the Fed’s attempt to reel in rising inflation, which the dishonest government claims is around 9% but the rest of the world already understands to be closer to 20%.

Thus, raising interest rates by 0.75% isn’t going to halt inflation. Prices of food, fuel, and consumer goods are going to continue to rise dramatically in the months ahead.

The rate raise, however, will cause sharp drops in the housing market, since housing is strongly dependent on mortgage loans which are highly sensitive to interest rates. Because home loans are often 30-year loans, even a small increase in loan rates can result in dramatic increases in monthly payments, pricing many people out of the homes they could afford just six months ago. The net effect will be falling home sales and decreasing values of real estate, combined with large increases in mortgage defaults.

Foreclosure starts are now up 440% year over year

According to DSnews.com’s reporting on the Black Knight Mortgage Monitor Report, our foreclosure “starts” (i.e. new foreclosures) have risen 440% from last year (June 2022 vs June 2021). July numbers aren’t yet reported, but it is near certain they will also show large increases in foreclosures.

Retail auto sales are down slightly, although much of that may be attributable to lack of supply rather than reduced demand. However, as interest rates rise, people are increasingly priced out of the automobiles they wish to purchase. As the UK Daily Mail reports, a shocking number of Americans are now paying $1,000 a month on a car loan payment:

– The percentage of people taking out new car loans and paying $1,000 in monthly payments has almost doubled from 7% to 12.7% over the last 12 months
– Average monthly payments on new car loans are at a record high of $686
– Used car market sees average monthly payments at $554, up 12% year-on-year
– Pandemic supply-chain problems are partly to blame with the shortage of new cars leading to price hikes on the forecourt
– Monthly interest payments also shot up after the Federal Reserve raised rates

Gold and silver will likely drop a bit more as people unload assets to meet margin calls in the stock market, but in the long run, precious metals look poised to skyrocket as the dollar’s real-world value plunges and inflation spirals out of control.

The Fed will likely soon stop raising rates and will start lowering them, indicating a total surrender to inflation and the eventual collapse of the fiat currency

It seems likely that this will be the last rate rise of 2022, or potentially the second to last. The Fed is already indicating they plan to start lowering rates in 2023, and many financial analysts believe the Fed will almost certainly accelerate that action in late 2022 as the economic carnage in the real estate industry becomes too messy to ignore.

Ultimately, the Fed will capitulate and abandon any real goal of tackling inflation. They will keep printing money and lowering interest rates while inflation spirals out of control, leading to an end game scenario where food and fuel prices lead to nationwide riots while the dollar collapses in real-world value.

On top of this, China, Russia, India, and other BRICS nations are rolling out a new global reserve currency that will make the petrodollar obsolete, immediately making global dollar dominance a thing of the past. This will cause dollars to come flooding back to America as other nations dump the hyperinflated dollar and embrace the commodities-backed, gold-backed, energy-backed BRICS reserve currency. Before long, America will be a collapsed Third World nation with mass homelessness, starvation, destitution, and lawlessness, with a collapsing fiat currency, a corrupt illegitimate government regime, and a captured corporate media that now sees its only job as covering up the crimes of the regime in power… the same regime that holds political prisoners in jail without due process, runs depopulation vaccine propaganda campaigns and purges the military of Christians and patriots so they can unleash the military against We the People in a domestic genocidal war. (That’s what is coming if we don’t change course…)

This is when you will thank God for the preparedness activities that you pursued in advance.

Get full details on all this and more in today’s Situation Update podcast via Brighteon.com:

Brighteon.com/1b2255e8-2905-4a98-9af3-1aab13358967

STOCKS, BONDS, CRYPTO and REAL ESTATE: The whole house of cards is coming down

BY MIKE ADAMS

SEE: https://www.naturalnews.com/2022-06-15-stocks-bonds-crypto-real-estate-whole-house-of-cards-is-coming-down.html;

republished below in full unedited for informational, educational & research purposes:

 (Natural News) The Fed raised interest rates by 0.75% today (75 basis points), fulfilling their promise to attempt to reverse the runaway inflation that they caused in the first place by printing trillions of dollars and flooding the markets with cheap or nearly-free funds (zero percent interest rates, for example).

As of right now, America’s real estate bubble is now in the process of a catastrophic collapse. The stock market is collapsing and the crypto universe is absolutely imploding. “The crypto apocalypse is here,” writes Michael Snyder from End of the American Dream:

Over the last seven months, we have witnessed a cryptocurrency collapse that is so epic that it is truly difficult to put it into words… approximately two-thirds of the value of all cryptocurrencies has already been wiped out.  Some are calling this a “crash”, but the truth is that this is the sort of full-blown “collapse” that so many have been warning about for such a long time.  A lot of crypto investors are now deeply in the red, and the outlook for the months ahead is very bleak.

Meanwhile, the average stock portfolio is down 31% this year alone, and the downside still remaining now looks like a deep, ominous chasm of financial devastation that’s going to suck the vast majority of Americans into financial destitution.

You see, while everybody’s assets are plummeting, the prices of the things they need to buy keep skyrocketing.

Everything people own is going to collapse in value, while nearly everything people buy is going to double or triple in price.

The real estate bubble will now collapse, however, which may offer some relief for those trying to rent or purchase new homes. But for the tens of millions of people already locked into bubble-priced mortgages and rent contracts, the pain of paying too much won’t be easily reversed.

The truth is that most assets have been Ponzi schemes for many years or even decades. The stock market hasn’t operated from fiscal reality since the 1980s, and the fiat currency dollar has been living in a delusional fairy tale land since Nixon took it off the gold standard in 1971.

The real estate asset price explosion was just an expression of low-interest rates and cheap money, while the crypto universe was a grand social experiment that primarily served as a new generation’s “dot com bubble” where they ultimately learn an expensive (but valuable) lesson in the seduction and false promise of seemingly becoming wealthy without work. Too many crypto pioneers thought they could recreate the laws of economics by simply claiming absurd things that aren’t true, like “we don’t need intrinsic value, our token is backed by an algorithm.” That’s the crypto equivalent of the biological fantasy that claims “men can get pregnant,” which is why I call the crypto Ponzi schemes “financial transgenderism.”

See, what we’re all really beginning to experience in the world right now is a heavy dose of reality.

Learn more in today’s Situation Update:

Brighteon.com/e450a1bf-8a5e-433b-aed5-7839e4210c19

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