Financial, Economic and Social Mood Update (September 1, 2023)
Everywhere one looks, one can see evidence of the USA and the western world crumbling. Ignore whatever you see or hear on mainstream media, because absolutely nothing of what they say is true. More countries continue to move ever further away from the American Dollar. The recent BRICS summit in South Africa saw 6 countries join the original 5 members for a new total of 11 nations which control an impressive 80 percent of the entire world’s crude oil market. Note that natural gas, natural gas byproducts and coal are found wherever crude oil is found – these are necessary and valuable resources which will never disappear. An additional 14 nations are waiting in the wings to join the BRICS 11 and many more countries attended the summit as observers.
At least 19 European countries are refusing to supply the criminal dictatorship in Kiev with support, which is a small step in the right direction – no country should be supplying them with anything other than humanitarian aid, and even that is highly questionable given their extreme level of corruption (because any aid will never reach its intended beneficiaries). Zelensky’s mother-in-law recently spent USD $4.8 million on a villa in Egypt. This disgusting robbery of US taxpayer money is much like Hunter Biden recently renting a brand new home in Malibu, California for USD $15,800 per month.
Bobby Kennedy, Jr. (one of the very few honest Democrats left) recently highlighted the fact that the massive investment banking houses of Blackrock (based in New York), Vanguard (based in Pennsylvania) and State Street (based in Boston) now control / own 88 percent of all corporations listed on the S&P 500 and a whopping 60 percent of American real estate. This is the reason for asset prices being so outrageously inflated – they continue to bid up prices in an effort to corner the entire market. The average price of a single family residence in the USA has doubled in just two years – from over USD $200,000 two years to ago to more than USD $400,000 today. Kennedy is correct. The big banking houses continue to target privately held corporations in an effort to expand their web of control and to promote their evil “woke” political agenda. Both of the 2 big political parties in Washington DC have submitted themselves to the evil will of the World Economic Forum (WEF) and its perverted “woke” agenda – say 99 percent of the leadership of the Democratic Party and about 90 percent of the leadership of the GOP (Republican Party).
The true state of the US economy is utterly horrific. Per capita federal government debt now equals USD $840,000 for every man, woman and child in the USA. An astounding USD $240,000 of this total is due solely to the criminal Ukraine war which is being waged against the Russian Federation. The median American family earns just USD $31,000 per year, of which they pay USD $16,600 in all forms of tax. The average retired American Social Security recipient is paid USD $1,400 per month while the average illegal immigrant is given USD $2,200 per month – this outrage must stop immediately……………………the latter figure must be lowered to ZERO. Families who have lost everything in the recent Maui fire are being paid a paltry USD $700 by the criminal Biden-Harris dictatorship while useless FEMA employees are spending USD $1,000 per night in luxurious Maui resorts. Bank and retailer credit card losses are soaring, and rich Americans are now starting to exhibit behavior not seen since the Great Depression of 1929 to 1949: they are cutting back on luxury in an effort to hide themselves from the huddled masses who are in severe financial distress. Consider that the average American CEO is paid (given) 400 times what the average employee is paid. Trucking companies are now charging 15 to 25 percent below what they spend in cost – this cannot last much longer as many of these companies are going under. Since 2020 the US Federal Reserve Bank has not required commercial banks to maintain cash reserves – this is downright reckless and criminal. No wonder that public trust of major political and business institutions now ranges between 8 and 27 percent, with 73 to 92 percent of the US population having no more trust in our political institutions, mainstream media and big businesses.
The ten (10) most expensive housing markets in the USA per Nick Gerli of Reventure Consulting: https://www.youtube.com/watch?v=OT03LXtDqBU&t=710s. Note that the average brand new mortgage in the USA now costs USD $2,900 per month and that this figure is USD $8,000 per month in the most expensive US metro area of San Jose-Silicon Valley, California while the average family in the USA earns just USD $2,583 per month. 78 percent of US households are now renter households (i.e. not homeowners) one third of these renter households (one quarter of the entire US population) is going into debt to pay their monthly rent.
In short, the ship is sinking FAST.
