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| Economy |
| Patrick Bet Davis: “$962 BILLION Due” - Nearly 300 Banks Could FAIL Due to Collapse of Commercial Real Estate |
| 2024-05-04 |
| [YouTube] The looming threat of $962 billion in overdue debt poses a severe risk of nearly 300 banks failing, primarily driven by the collapse of the commercial real estate market. Related from regnum.ru Musk warned of dollar depreciation amid growing US national debt [Regnum] If the United States does not deal with its own national debt, which has already exceeded the $34 trillion mark, the American currency will completely depreciate.American entrepreneur Elon Musk made this statement on his page on the social network X. According to the businessman, the authorities of the United States of America must take decisive measures to resolve the situation with the national debt. At the very least, it is necessary to slow down the rate of its growth. “We need to do something about our national debt, otherwise the dollar will be worthless,” Musk expressed his concerns. As Regnum reported, at the beginning of the year, the US Congressional Budget Office published a report according to which the American national debt is expected to continue to grow and reach a historical anti-record by the end of 2034. At the same time, US President Joe Biden, speaking to members of the House of Representatives and Senate on March 8 with his annual State of the Union address, called the American economy the envy of the whole world. According to him, the unemployment rate has fallen to its lowest level in 50 years, and inflation rates have dropped from 9 to 3%. Former US President Donald Trump, in turn, stated that the American economy had fallen into decline during Joe Biden's presidency, and inflation had gotten out of control, which would lead to the dollar losing its status as the world standard. According to the politician, the decline of the American currency will be the largest failure of the United States in 200 years. Even more from the V Kontakte page of Armed Forces of Novorossiya (VSN): American billionaire Jamie Dimon: "[We have a war in Ukraine. Ukraine is fighting against Russia. What will happen to the world economy if Russia wins?] Video is in English with Russian subtitles. It will be a disaster. This is the first war in Europe, a free democratic country was attacked by 200 or 300 thousand Russians soldiers under the threat of nuclear war. We have never had nuclear blackmail before, which also teaches a lesson to people. Having nuclear weapons is very good, because people will be afraid of you. This all affects military alliances, all global economic alliances. wins, many in Europe will ask the question: “America will protect Europe? Can we rely on the States?” And this is also a question of economics, because if Russia wins, there will be economic chaos in the world.” |
| Posted by:badanov |
| #5 Wonder if this one of the things driving companies to bring back workers into the office at least part of the week. |
| Posted by: Chantry 2024-05-04 19:13 |
| #4 No wonder why "they" are clamoring for lower interest rates. But, no matter. We've been hearing this fear pörn about [regional] banks failing for a good year now. Yawn..... |
| Posted by: DooDahMan 2024-05-04 11:48 |
| #3 JP Morgan CEO [Jamie Dimon]: Americans Are in 'Good Shape' Financially and 'Still Have Money From COVID' |
| Posted by: Skidmark 2024-05-04 11:40 |
| #2 Another real estate crash. If there was some way to predict these things... |
| Posted by: Procopius2k 2024-05-04 09:06 |
| #1 Who did not see Silicon and Remote virtual office workers replacing Bricks and Mortar to some significant degree? |
| Posted by: NN2N1 2024-05-04 06:41 |