Are you ready for an economic storm?
Well, it’s knocking on your door. It’s still here. They set up a trap.
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The FED increased interest rates by 50% basic points to set up the tide of a huge inflation. The inflation is 15%-25% at the moment and the small gesture of 0.5% won’t even affect the inflation.
However, it sure affects the real estate market. It has reached the peak. Higher interest rates lead to higher costs to service mortgage loans. Buyers have a hard time qualifying for bank loans on housing and land.
‘’ The result will be swift: A rapid unwinding of the housing bubble that was catapulted into place by absurdly low-interest rates and seemingly endless money printing.’’
The video is available here.
This is just the beginning.
CNBC reported US worker productivity dropped by 7.5$ in the first quarter of this year. They also reported that e-commerce dropped drastically.
Liberty and Finance talked to Andy Schectman, CEO of Miles Franklin, a larger retailer of precious metals. He shared details of his analysis about how BRICS nations are set to “unleash their gold-backed digital currency that will affect the dollar as the world reserve currency.”
Watch the video here.
Free West Media reported:
German Interior Minister: Citizens should start hoarding emergency supplies – Against the background of the Ukraine war, Federal Interior Minister Nancy Faeser advised citizens to take survivalist precautions in the event of a crisis.
This not only affects technical issues “but also supplies for food, medicines or medical supplies.” There are still 599 nuclear shelters in Germany. There are also some that are used differently today. “It makes sense to reactivate some of them,” Fraser said.
In the absence of an electricity agreement with the European Union, such a scenario is likely if large power plants fail in Switzerland or abroad.
A power failure could cause damages of up to CHF4 billion ($4.3 billion) a day, the newspaper notes, citing government figures.
Switzerland risks significant problem guaranteeing electricity in the short and medium-term, especially in winter, in the absence of progress on a deal with the EU, according to experts.
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Source: The True Defender
