The Greatest depression is coming, are you ready?

Interest rates are at a new high, the difference in the interest rates from when Biden took office in 2021 and today is just about 3%. What is 3% on 33 trillion in debt? Just about $1 trillion. That is not going to happen overnight, but Biden has increased our tax burden by $1 trillion.

https://www.cnbc.com/2023/10/17/fir...sara-eisen-on-squawk-on-the-street-today.html

Bank of America admits they have $131 billion in unrealized losses on these bonds (if they sell them rather than hold them to maturity they would lose this much money, if they keep them to maturity they cannot pay competitive interest rates on savings accounts and the money will flee the bank). Their choice is to declare bankruptcy today or tomorrow. As long as these interest rates keep going up the losses in every bank are catastrophic. During wars people borrow money, they don't invest, they sell investments. The more they sell US bonds the higher the rates will go.

All we need is one major bank to sell their bonds and it will trigger a bank run and bank collapse.

There is a solution

China has shown us the way. #1 you can have each American citizen pay their share of the debt. That is only about $100,000 per taxpayer.

Granted there are many taxpayers who would have to give up their house and car to pay that off. That is fine with China.

Of course there are others who even after you take their house and car they don't have $100k, doesn't matter, China has figured out how to sell people for parts. A couple of good organs can easily come to 100k.

No doubt we do have a number of people who don't pay taxes, don't have assets and don't have usable organs. They are still useful as fertilizer. The estimate of 100k is only referring to taxpayers and taxpayers are obviously those with jobs.

But don't worry, we still have people telling us this is not the tribulation, this is not the end of the age. If you don't want to believe your own eyes, if you don't want to believe the word of God, then take comfort in these ones, no doubt if they are wrong they'll help pay your bill.

Mortgage rates just hit 8%. A $400,000 house with a 20% downpayment now costs $1,000 a month more than when Trump was president.

Mortgage demand plummets to new three-decade low as rates race toward 8%
High mortgage rates rapidly cooling mortgage demand

https://www.foxbusiness.com/economy/mortgage-demand-plummets-new-three-decade-low-rates-race

Banks Now Doing The Unthinkable As Markets Begin To Break!

The silver lining in Biden's economy

As Israel-Hamas War Rages On, Arms Sales Rise Internationally | Vantage with Palki Sharma

US Budget Deficit Doubles to $1.7 Trillion

The U.S. government Friday posted a $1.695 trillion budget deficit in fiscal 2023, a 23% jump and an effective doubling from the prior year as revenues fell and outlays for Social Security, Medicare and interest costs on the federal debt rose significantly

The Treasury Department said the deficit was the largest since a COVID-fueled $2.78 trillion gap in 2021 and marks a major return to ballooning deficits after back-to-back declines during President Joe Biden's first two years in office.

https://www.newsmax.com/finance/str...cial-security-medicare/2023/10/20/id/1139096/

Cool!

I'm in the market to buy a house and the Lord is having me wait.... maybe it's because there's going to be a recession so I can get a great deal on a nice spread!


Yeah, but leg sales are down tho

Another Big Fulfillment of Prophecy 10/27/2023

Be careful with this stuff . . . . if any of their prophecies don't come true, that makes them false prophets

The Top 5 Cities Where Home Prices Are CRASHING Right Now

Are YOU Ready? | It's Gonna Get Rough

Jesus is the One Who supplies all my needs according to His riches in Glory... not according to this mess down here

So, I'll pass on all the fear... I'm a child of the Most High God and have nothing in this world to fear!

The title which you quoted was his, not mine, and we are not ignorant of Satan's devices. No need to bury your head in the sand we should be aware of what is going on.

Standing strong on God's promises... is not burying one's head in the sand.

Whatever is going on in this world, no matter how bad and even unto death... will be defeated for me personally by the things the Lord has promised in His Word.

https://www.youtube.com/shorts/SVQXM6twMU0

Billionaires spending $40-$50,000 on an order for food and they may do that several times a month.

WooHoo! Inflation may go up 2 inches! Buckle up!

Middle East Escalation Could Send Oil Prices to $157: World Bank

https://www.theepochtimes.com/artic...utm_source=partner&utm_campaign=BonginoReport

Time to fill your vessels before the price goes up.

Yearly interest payments on our national debt in 2020 was $500 billion, now it is $800 billion.

Another great jobs market report!

Every month this year we have had great jobs reports. Sadly everyone except for July has later been revised down, significantly. It turns out that 25% of all the jobs they said were created never actually existed. BTW the household survey has us losing 348,000 jobs, the biggest loss since the pandemic in 2020.

This is but one of a multitude of statistics the government is manipulating.