Gerald Celente: ‘It’s all a distraction. We are in for the economic crash of our lifetime.’

It’s all a distraction.

We are in for the economic crash of our lifetime.

Be prepared https://t.co/uPZSjjkLVG

— Gerald Celente (@geraldcelente) May 18, 2023

Holy Shit! FRED M2 Money Supply Chart. It ain’t good.
We’re definitely in the 1929 depression territory. Click on one year.

https://fred.stlouisfed.org/series/WM2NS

Almost 38.5% of American homes — the equivalent of about 89.1 million — faced difficulty in paying for usual home expenses between April 26 and May, per Bloomberg.

— unusual_whales (@unusual_whales) May 19, 2023

🚨The Treasury General Account fell $26 billion yesterday leaving only $68 billion left 👀😬 https://t.co/mXGUFuTYh1 pic.twitter.com/QuAAFHCrD3

— Financelot (@FinanceLancelot) May 18, 2023

Good Morning Everyone! Americans are NOT paying off their credit-card debt. Over 36% of U.S. adults owe more money in credit card debt than they have saved. And some are turning to credit cards to pay their mortgages. 

I don’t need a PhD in economics to know this doesn’t end… pic.twitter.com/QnaLg8v21a

— Genevieve Roch-Decter, CFA (@GRDecter) May 19, 2023

Investors pull back:

All-cash sales – often investors and second home buyers – plunged by 22% year-over-year to 94,000 homes in April, from 120,000 homes in April 2022 ⚠️

Ht WolfStreet pic.twitter.com/qyibA5GMY9

— Wall Street Mav (@WallStreetMav) May 18, 2023

Global debt is $400 trillion… who the fuck we owe, Magneto?

— Not Jerome Powell (@alifarhat79) May 18, 2023

If you want a bank to fail this is what you do. Now they're unable to access liquidity and will go under.

Perfectly timed right after OpEX. https://t.co/zqFCYIOxi7

— Financelot (@FinanceLancelot) May 18, 2023

Bloomberg's surprise index at highest level since March 2022 pic.twitter.com/mPElHHHxSY

— Cheddar Flow (@CheddarFlow) May 19, 2023

Germany Hamburg container shipping big decrease

Here we go again, that’s not good..

16,9 % less containers than 2022
https://m.focus.de/regional/hamburg/rueckgang-von-zehn-prozent-hamburger-hafen-verliert-massiv-an-umschlag_id_194155658.html

https://www.youtube.com/watch?v=Z-hLa3Yi4dw

People can’t afford food, gas, rent or utilities but it’s not a recession …