A massive credit card debt catastrophe is coming. Even though we are not yet in a recession, banks are already perilously close to collapse.

Default rate on credit card loans from small lenders is now higher than: Dot Com bubbleFinancial CrisisC-19 Buckle up. pic.twitter.com/1dBkzHOI1X — Bravos Research (@bravosresearch) September 7, 2023 Americans are defaulting on their credit cards and auto loans at levels not seen since the financial crisis. The current accumulation rate of credit card debt may lead …

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Joe Biden Celebrates the Coming Rise in Gas and Oil Prices Under Bidenomics: “We’re canceling all remaining oil and gas leases”

We’re canceling all remaining oil and gas leases issued under the previous administration in the Arctic Refuge and protecting more than 13 million acres in the Western Arctic. As the climate crisis warms the Arctic, we have a responsibility to protect this treasured region for… — Joe Biden (@JoeBiden) September 7, 2023 What you’re really …

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Who could have seen this coming, besides, you know, anyone with a brain?

As predicted: San Francisco real estate tax collections nosedive. And there was a collective gulp heard ’round City Hall. I wouldn’t be surprised to find some of London Breed’s administrators forced into a life of crime to keep the street lights on…just kidding, just kidding. But “I don’t think we’ve reached the bottom yet” is all that …

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“The Western financial system is weaponized. Commodities are now becoming weaponized. This is where the chess match gets intense.” Could our time be soon coming?

https://t.co/DQ8EbFoijM — Win Smart, CFA (@WinfieldSmart) September 5, 2023 It’ll spread like wildfire, just how Fortune 500s all went woke at the same exact time. INFLATION: the more Wall Street begs for the "Fed to be done" (using Labor data as their excuse), the higher Commodities and Real World Inflation goes… CRB Commodities Index inflated …

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Rep. Nancy Mace to Joe Biden: “We’re Coming for You” – Biden Family Money Laundering Was for “Tens of Millions of Dollar

Rep. Nancy Mace to Joe Biden: “We’re Coming for You” – Says Just One Treasury Suspicious Activity Report for Biden Family Money Laundering Was for “Tens of Millions of Dollars and Then Some, It’s a Staggering Amount of Money” (Video) Rep. Nancy Mace (R-SC) said on Monday that just one Suspicious Activity Report (SARS) on …

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Who didn’t see this coming?

Carbon credit speculators could lose billions as offsets deemed ‘worthless’ Carbon credit speculators could lose billions as scientific evidence shows many offsets they have bought have no environmental worth and have become stranded assets. Amid growing evidence that huge numbers of carbon credits do nothing to mitigate global heating and can sometimes be linked to …

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Watch $TLT over the next two days… A credit event is coming.

https://twitter.com/leadlagreport/status/1694696850584994092 https://twitter.com/NorthmanTrader/status/1694752843645833328 Bearish engulfing pattern on the $qqq after failing at its 50-day moving average pic.twitter.com/zKzYaAO1Tv — Michael J. Kramer (@MichaelMOTTCM) August 24, 2023 look at on SPX pic.twitter.com/iqJiKCw4Lo — Michael J. Kramer (@MichaelMOTTCM) August 24, 2023 Narrative violation: Dealership service volume has officially hit a *5-year low* for the month of July. 5-YEAR-LOW. (Service …

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Yahoo News: “Nasdaq drops 1% as Fed warns rate cuts aren’t coming soon”

Stocks reversed lower on Thursday as another blowout quarterly earnings report from Nvidia (NVDA) couldn’t overcome new comments from the Federal Reserve suggesting interest rates will need to remain elevated for a long period of time to bring inflation down. The Nasdaq Composite (^IXIC) closed Thursday’s trading session down nearly 1.9% while the S&P 500 …

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Another Lehman moment is coming, and people are still thinking we are heading for a soft landing

https://t.co/D5KGWmAADo — Win Smart, CFA (@WinfieldSmart) August 18, 2023 Evergrande, one of China’s real estate giants, just filed Chapter 15 bankruptcy. Meanwhile, China’s HY real estate index is down a massive 82% in just over 2 years. This puts the index back down to 2008-levels. All while China just “unexpectedly” cut interest rates. Is China… …

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Coming Soon: Major China Financial Crisis That Goes Global. Markets & Economy Crash. May You Live In Interesting Times.

Explainer-How much worse can China’s economic slowdown get? HONG KONG (Reuters) – China’s economic activity data for July, including retail sales, industrial output and investment failed to match expectations, fuelling concern over a deeper, longer-lasting slowdown in growth. THE DEMISE OF CHINA’S GROWTH HAS BEEN MISTAKENLY FORECAST BEFORE. IS THIS TIME DIFFERENT? Activity data has …

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Bud Light COLLAPSE ACCELERATES! THOUSANDS of LAYOFFS coming!

As hundreds of Anheuser-Busch employees pack up their desks due to a company-wide layoff, one former executive of the company warned that more job losses may be coming. “Otherwise, you’ve seen hundreds of people laid off Anheuser-Busch, hundreds of people laid off at some of their suppliers, their glass suppliers, and unfortunately,” he cautioned, “thousands …

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“this is what I am seeing coming out of the circulatory system during the embalming process since early 2021.”

Democrats, Republicans, Liberals, far left or right, white or black, male or female, rich or poor, this is what I am seeing coming out of the circulatory system during the embalming process since early 2021. In the prior 20 years I don’t recall ever seeing this before. Something is causing this problem and I think …

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Crackdown on real estate money laundering is coming

US set to unveil long-awaited crackdown on real estate money laundering https://t.co/Vsay98aguV pic.twitter.com/iVFzrljRYU — Reuters Politics (@ReutersPolitics) August 10, 2023 https://www.reuters.com/world/us/us-set-unveil-long-awaited-crackdown-real-estate-money-laundering-2023-08-10/?taid=64d4d859b029ae0001cf03d1&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter US Treasury to Slam Shut Loophole Enabling Anonymous Luxury-Home Purchases https://t.co/hv0GSYZK3f via @parallelfacts — Parallel Facts (@ParallelFacts) August 10, 2023

LOTS OF DISAPPOINTMENT COMING UP

Bulls are awfully happy today…apparently not having a very cool understanding of one of the most bearish structures in markets: the bearish running correction LOTS OF DISAPPOINTMENT COMING UP $SPX $SPY $ES_F pic.twitter.com/dFmPNp7wEy — @mcm_ct_usa (@mcm_ct_usa) August 7, 2023 The S&P 7, which are the biggest tech stocks, now account for 28.6% of the entire …

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Wall St sees what’s coming, they are selling homes back to Main Street

So much for us becoming a nation of renters. Wall St sees what’s coming. pic.twitter.com/dpVLHTwXxt — QE Infinity (@StealthQE4) August 7, 2023 Banks Want to Dump Property Loans Goldman Sachs, JPMorgan Chase, and other lenders are facing challenges in selling commercial real estate debt due to rising concerns about the sector’s stability. The shift to …

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The public has no idea whats coming Things will escalate very quickly now

pic.twitter.com/Vp6YVViqst — Cyborgigy (@FrogstarWorld) August 6, 2023 Another step closer to becoming a non-useful idiot. People today have no survival instincts that’s for sure. Here’s what’s coming for us all…… “They” want to totally control us and they are herding us towards this – “You will forever be on a treadmill getting nowhere. You cannot …

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Coming Soon: A severe global recession that kicks off with the worst stock market crash ever and a global financial crisis far worse than 2008.

by mark000 The September/October window has high potential for the horror show to begin IMO. The global markets, financial system and economy will experience simultaneous heart attacks, leading to (or because of) super negative geopolitical developments. US Treasury Market Hits All-Time High of $25 Trillion in July This is a great example of how the …

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After letting 95,000 migrants into NYC,mayor now kicks out 1000 a week into the streets, says “coming to a neighborhood near you”

Mayor Eric Adams warned New Yorkers on Monday the migrant crisis is coming “to a neighborhood near you” “Eventually this is going to come to a neighborhood near you, and it is — 91,000 people,” Adams told reporters. Hizzoner added that the White House is simply not doing what it needs to do, including providing money …

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US government revenue is $5 trillion annually, with 42% of it coming from personal income taxes, requiring half to pay interest on the $33 trillion debt.

Total US govt revenue is about $5 trillion per year from all sources. Personal income taxes are about 42% of the total, so around $2.1 trillion. So roughly 1/2 of all personal income taxes collected by the US govt is going to pay interest on the $33 trillion national debt. — Wall Street Mav (@WallStreetMav) …

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