Blackrock has all the real estate
Bill Gates has all the farmland
JP Morgan has all the cash
The Fed has $31 trillion in debtSomeone will not make it
— Not Jerome Powell (@alifarhat79) May 1, 2023
America's Empire Is Bankrupt https://t.co/VQBvC1rK5R
— zerohedge (@zerohedge) May 2, 2023
JP Morgan purchased the hard assets of First Security Bank for a cool $10 billion, Feds than gave them $50 billion, taxpayers got the debt
I understand the rationale for the rescue of First Republic Bank. The problem isn't this specific bailout. It's a system of too-big-to-fail institutions that requires bailouts in the first place. #Kennedy24
— Robert F. Kennedy Jr (@RobertKennedyJr) May 1, 2023
Ultimately the problem stems from an over-financialized economy. Finance is supposed to serve production, not replace it. We need to reinvest in the productive base: infrastructure, labor, health, social, and natural capital. #Kennedy24
— Robert F. Kennedy Jr (@RobertKennedyJr) May 1, 2023
Also, 39% of American should skip a meal.
Winning 🔥 pic.twitter.com/9EbDQmGIsz
— Wall Street Silver (@WallStreetSilv) May 2, 2023
American Middle Class pic.twitter.com/bEMnXRTOO7
— Win Smart, CFA (@WinfieldSmart) May 1, 2023
The U.S. personal savings rate remains below its historical average, according to the U.S. Bureau of Economic Analysis.
The seasonally adjusted annual rate of personal saving was 4.6% in February. That’s well below the average annual rate of more than 8%.
— unusual_whales (@unusual_whales) May 2, 2023
Tax revenue is down …
Annual deficit on pace for nearly $3 trillion per year … and the recession hasn’t even gotten bad yet.
Let’s have the Fed raise rates again and implode a few more banks. https://t.co/6QvQItUSLi
— Wall Street Silver (@WallStreetSilv) May 1, 2023