The West Debt & Inflation Implosion – Investing in gold is the way to protect yourself and your family from a broken financial system, which could lead to conflict.

via Egon von Greyerz: Tom Bodrovics from Palisades Gold Radio welcomes back Egon von Greyerz, Founder and Chairman of Matterhorn Asset Management AG based in Switzerland. Egon explains how the West’s debt is being increased exponentially, and that it’s only a matter of time before the bubble pops. The U.S. debt has doubled every eight …

READ MORE

Banks are cutting losses on real estate loans due to higher interest rates, leading to a potential financial crisis. Vacancy rates on office space across the U.S has hit a record +16%.

Some US banks are preparing to sell off property loans at a discount even when borrowers are up to date on repayments, a sign of their determination to reduce exposure to the teetering commercial real estate market, per FT. — unusual_whales (@unusual_whales) June 6, 2023 Good Morning Everyone! Delinquencies spiked in May on mortgage bonds …

READ MORE

This is How the Financial System Works

by Chris Black A long time ago, a person who couldn’t make anything on his own came up with an idea.  I’ll make a loan to someone, so they can buy something they can’t afford right now.  Then they’ll pay me back the loan, with a fee (compound interest).  The fee will cost more, the …

READ MORE

Home prices relative to income are higher than during the peak of the 2008 Financial Crisis

The housing market has never been more out of reach for people. https://t.co/vYbrjSumPt — Win Smart, CFA (@WinfieldSmart) June 3, 2023 The Housing Market Has Never Been This Unaffordable For New Buyers Americans looking for a new home are facing the least affordable market ever, according to data from the Mortgage Bankers Association. The group’s …

READ MORE

For the past 25 months, inflation has exceeded wage growth. Walmart says dry grocery inflation is up more than 20% in two years. A record number of Americans are in financial distress.

FACT: Under Biden, inflation has outpaced wages for 25 consecutive months. pic.twitter.com/InhJtCrww6 — RNC Research (@RNCResearch) June 2, 2023 Recession Alert: Record Number Of Americans Worse-Off Financially https://t.co/2mQtXWe4Iv — zerohedge (@zerohedge) June 2, 2023 https://twitter.com/PeterSchiff/status/1664648156850581505 *WALMART SAYS DRY GROCERY INFLATION IS OVER 20% OVER TWO YEARS — zerohedge (@zerohedge) June 2, 2023 https://twitter.com/PhilipSoos/status/1664495450144272385 When the …

READ MORE

Sweet Home Chicago? Chicago PMI Unexpectedly Plummets, Longest ‘Contraction’ Streak Since Great Financial Crisis

by confoundedinterest17 Sweet Home Chicago? After the unexpected resurgence in April, Chicago PMI plunged in May from 48.6 to 40.4 (against expectations of 47.3). That is the ninth straight month below 50 (in contraction)… Source: Bloomberg That is the longest streak of prints in ‘contraction’ since the Great Financial Crisis. Under the hood, none of …

READ MORE

This is bound for the biggest financial catastrophe…

As long as they can fill in more money they won’t have to take any losses. Ohh wait, what happened to SVB. Translate for Retails… Unrealized gains or losses on investment securities refer to the changes in the value of an investment that have not yet been realized through a sale or disposition of the …

READ MORE

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.