GLOBAL FINANCIAL STORM OF EPIC PROPORTIONS

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By Egon von Greyerz As the dark years are approaching, the world is now approaching survival mode. Admittedly, if you go to a high class restaurant in New York, London or Zurich,  there are no signs of misery but instead of incredible affluence. What is happening to middle America or England has not yet reached Wall … Read more

Rentals in the US Continued to Rise in August

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by Martin Armstrong Shelter costs have continued to rise in the US. Recent data provided by Redfin shows that the national average increased by 11% YoY this August. Costs are expected to decline as people simply cannot afford to pay more. Additionally, the supply is expected to increase as there are around a million rental … Read more

Digital assets can be frozen

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South Korean authorities told CNBC on Wednesday that they have asked two cryptocurrency exchanges KuCoin and OKX to freeze more than $60 million worth of bitcoin linked to Do Kwon. Kwon is the founder of Terraform Labs, the company behind the algorithmic stablecoin terraUSD or UST and its sister token luna, whose $60 billion collapse sent … Read more

Yellen the Felon is FINALLY getting the boot – years too late.

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by  Boo_Randy Now she can collect more “speaking fees” from the Wall Street investment banks who have been the sole beneficiaries of her disastrous tenures as Fed Chair and Treasury Secretary. https://www.dailymail.co.uk/news/article-11256845/Treasury-Secretary-Janet-Yellen-preparing-depart-White-House-midterms-Report.html The White House is preparing for Janet Yellen to leave her post as Treasury Secretary as soon as November as Americans rank the … Read more

Poof, $9 trillion in wealth is gone…

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Americans’ holdings of corporate equities and mutual fund shares fell to $33 trillion at the end of the second quarter, down from $42 trillion at the start of the year. With major market indexes falling further since July, experts say losses from financial markets could total $9.5 trillion to $10 trillion. Economists say the drops … Read more

Aussie bank bubble bursting slowly, then all at once…

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by Boo_Randy Prediction: the global financial meltdown will start in the WEF looting colonies of Australia, New Zealand, and Canada, then spread to the US, UK, and Europe. https://www.macrobusiness.com.au/2022/09/aussie-bank-bubble-bursting-slowly-then-all-at-once/ The usual Aussie bank groveling articles are appearing as we approach full-year results. These articles focus on the juicy dividends without making reference to the business … Read more

Mortgage rates soar to over 7% – the highest level in 21 years – as luxury home purchases fall 28% and rest of market tanks 19.5% – as monster Fed rises hit borrowers

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Mortgage rates soared above 7 percent this week, the highest level in 21 years and far exceeding rates recorded during the 2008 housing market crash Luxury home sales in the US have sunk by 28.1 percent year-over-year in August, beating out the previous record drop of 23.2 percent in June 2020 Markets in Oakland, San … Read more

Globalists in action: IMF warns the UK to overturn its budget

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IMF urges Kwarteng and Truss to rethink tax cuts in rare intervention The International Monetary Fund has launched a stinging attack on the UK’s tax-cutting plans and called on Liz Truss’s government to reconsider them to prevent stoking inequality https://www.theguardian.com/politics/2022/sep/27/kwasi-kwartengs-tax-cuts-likely-to-increase-inequality-imf-says The Global lender heaped pressure on Ms Truss and the Chancellor, said it was “closely … Read more