BIDEN WATCH: 8.12.23 - Economic Disaster Is Approaching Very Rapidly

 7 Trends Which Indicate That Economic Disaster Is Approaching Very Rapidly- by Michael Snyder - http://theeconomiccollapseblog.com/7-trends-which-indicate-that-economic-disaster-is-approaching-very-rapidly/ The economic meltdown that is coming should not be a surprise to anyone. Throughout U.S. history, there have always been signs that a major downturn was coming, and that isprecisely what we are witnessing right now. Tax revenues are way down, demand for trucking services is way down, demand for cardboard boxes is way down, the money supply is shrinking at the fastest pace in modern history, and the Conference Board’s index ofleading economic indicators has already declined for 15 months in a row. At this point, anyone that cannot see what is coming has got to be willingly blind. The following are 7 trends which indicate that economic disaster is approaching very rapidly… #1 When economic activity slows down, less tax revenue comes in. Rightnow, federal government and state government tax revenues are declining precipitously… US state and local governments just experienced the worst decline in income tax revenues ever recorded. This was the second steepest year-over-year percentage decline in history, with only the GFC having a worse outcome. Note that Federal tax receipts are also dropped again, now at recessionary levels and approaching -10% on a YoY basis. #2 When the economy slows down, trucking companies see less demand for their services. Soit is deeply alarming that truck freight volume and spending absolutely plummeted during the second quarter… Truck freight volume and spending in the second quarter of 2023 declined by the highest levels since the early days of the pandemic, the latest U.S. Bank Freight Payment Indexrevealed. Spending by shippers dropped 10.9% compared to the second quarter of 2022 while shipment volume dropped 9%, according to a statement from the Minneapolis-based bank. #3 Employment is supposed to be the “bright spot” for the economy, but the latest employment report shows that the U.S. actually lost 585,000 full-timejobs last month… Well, one look at this month’s adjustment and it’s literally a shocker: you will not hear anyone from the Biden admin or associated economist cheerleaders mention this, butthe BLS reported that in July the number of full-time jobs plunged by 585,000 to 134.274 million, the biggest monthly drop since record covid crash of 14.7 million jobs! #4 U.S. employers have already announced more job cuts this year than they did in all of 2022, and the hits just keep on coming… CVS Health said Monday it is cutting approximately 5,000 jobs to focus more on healthcare services for its customers. The move, which is supposed to help the company save money, will affect workers primarily in corporate jobs, the Wall Street Journal reported. #5 Thanks to rapidly rising interest rates, monthly costs fornew homebuyers are almost 20 percent higher than they were a year ago. This is absolutely crushing the housing market… The monthly cost for a potential homebuyer has surged nearly 20% compared with a year ago as prices remain elevated, according to new data. During the four-week period ending July 30, the monthly mortgage payment for the typical U.S. homebuyer sat at $2,605, 19% higher than the same period a year earlier, accordingto Redfin. #6 The fact that delinquency rates for commercial real estate mortgages are skyrocketingis yet another sign that we are in the early stages of the worst commercial real estate crisis in all of U.S. history… The delinquency rate of commercial real estate mortgages on office properties that had been securitized into Commercial Mortgage-Backed Securities (CMBS) spiked to 5.0% byloan balance in July, up from a delinquency rate of 2.8% in April, having now spiked by 2.2 percentage points in three months, by far the biggest three-month spike in the data going back to 2000, and by 3.4 percentage points so far this year, by far the biggestseven-month spike, according to Trepp, which tracks and analyzes CMBS. #7 The share of the U.S. population that cannot even afford “a $400 emergency expense” just continues to go up… “The share of U.S. adults who said they would cover a $400 emergency expense with cash or equivalents dropped by 2 percentage points from the previous quarter to 46%, highlightinghow cash-strapped many Americans are despite the recent decrease in headline inflation,” according to the survey developed by Bloomberg and conducted by intelligence company Morning Consult. But Joe Biden and his defenders continue to insist that everything is just fine. In fact, Joy Behar is quite certain that “the economy is booming” right now… Leftist Joy Behar — who reportedly earns $7 million annually as a co-host on “The View” — said on Friday’s program that “the economy is booming” and “people are having aneasier time putting bread on the table” in a passionate defense of President Joe Biden. For those that are making millions of dollars a year, I am sure that everything must seem great. But for the rest of us, things are tough. Meanwhile, our banks continue to experience really weird “technical glitches”. For example, in recent days many Wells Fargo customers have been greatly upset about money disappearingfrom their accounts… On X, the platform formerly known as Twitter, users complained about their disappearing funds. One bank customer said they saw the news about the problem right as they noticedtheir deposits weren’t in their account. “Right before this popped up in the news I saw that my deposits weren’t in my account,” their tweet read. “I was trying to pay bills and none would go through. This is sounacceptable.” The company responded in a statement to CNN that a “limited amount” of their customers are experiencing the disappearing deposits. They said most of them were “resolved” andthat they would fix the problem soon. This is another example which shows why it is wise to never keep all of your eggs in one basket. Our financial institutions are far more vulnerable than most people realize, and the cyberattacks that we have seen so far are just a small preview of what is coming. Unfortunately, most Americans don’t understand any of the things that I have discussed in this article. Most Americans are simply trusting that our leaders have everything under control, and so they will be bitterly, bitterly disappointed when they finally realize the truth. ---------------------------------- The Weaponization of Finance - Conservatives Face Real Threat of Debanking � PNW Staff - https://www.prophecynewswatch.com/article.cfm?recent_news_id=6274 JP Morgan Chase Bank has a growing reputation as a "woke" bank that shills for leftist social causes even as it openly discriminates against conservatives, most recently shuttingdown the business and personal accounts of COVID-19 dissenter Dr. Joseph Mercola, a super-popular proponent of alternative medicine and marketer of natural health products. But it didn't stop there: as WND reported, on July 13 Chase also shut down the accounts of Mercola Market's CEO, CFO and even those of their respective spouses and children.Chase gave one employee some more time to find a new bank because shutting down her account disrupted her ability to provide care for her bedridden husband with dementia. "This is just not fair at all. She has nothing to do with this!" he said in an interview. Now the victimized doctor who "triggered" pro-COVID-vaccine progressives is warning that the "social credit system" - exemplified by Communist China, which monitors and controlspeople through digitized money - is already here, and now threatens everyone. "What we're seeing is the weaponization of finance, where people whose views or actions go against the official narrative are cut off from basic financial services," Mercolasaid in an extended tweet ("X") Monday. "This is the social credit system at work and, soon, it will be used against everyone." "The debanking of employees and their families is a social credit system tactic to make people start policing each other by punishing associations. This creates discord anddistrust, and forces people to turn on each other for self-preservation," he wrote, adding that, ironically, Chase had no problem banking with now-deceased "notorious pedophile and sex trafficker Jeffrey Epstein": In the video interview with Del Bigtree posted on his new Substack page, Mercola urged people to "get out of the big banks." He writes he his taking his case against Chase to Florida's attorney general to test a new law signed by Gov. Ron DeSantis that "prohibits financial institutions from denyingor canceling services based on political or religious beliefs." "Essentially, we're the test case to determine whether the governor's new law has teeth or not," he writes. "This law has never been invoked before, so there's no procedure in place to enforce it. We're hoping the attorney general will sort that out." Mercola told Bigtree he is now pursuing a banking relationship with Old Glory Bank, created by conservatives like country star John Rich and GOP presidential candidate andlongtime WND columnist Larry Elder as a haven for patriotic conservatives. Old Glory states: "We are the bank for Middle Americans who hold tight to their beliefs of liberty, faith, family, security, privacy, and love of country, with a deep appreciationof the military and law and order." In a statement provided to Florida's Voice, Chase said the Mercola-affiliated accounts weren't closed for political "affiliations," telling FV: "For privacy reasons, we can'tdiscuss customer relationships, but we don't close accounts because of political affiliations, and we didn't do so in this case." But that claim might be tough to swallow for conservatives who are seeing a disturbing trend of intolerance and left-wing activism at banks such as Chase, which is hardlynew to the "woke" cancellation game. The bank has become a leader among financial corporations in punishing conservatives. Another Chase victim is the National Committee for Religious Freedom, led by Sam Brownback, former Kansas governor, U.S. senator and religious freedom ambassador under Trump. "In May 2022, three weeks after opening the account, JPMorgan Chase closed it," reported Daily Signal. "Brownback, along with other conservative organizations, raised thequestion of whether the move was done for religious or political reasons. JPMorgan has said it had nothing to do with political or religious views and said the decision was made because, under federal laws, it needed more information about donors and recipientsthan the nonprofit provided." Then the banking giant tried to quash two shareholder resolution related to the account closure before urging a "no" vote to investigate potential anti-religious discriminationat Chase. Pro-Trump pundit, podcaster and filmmaker Dinesh D'Souza is also among the victims of "wrongthink," recalling in a 2021 video how he was pulled aside by a Chase banker andtold his Chase credit card was getting canceled for no reason of financial misconduct. "Because of the ideology of woke corporations, it's forcing conservatives and Republicans - in the normal course of life ... - to find their own outlets, in a sense to createtheir own alternative universe," D'Souza said in the video podcast, below. "And what that means is, if we can't bank with the woke banks, we have to bank somewhere else, and create our own banks. ... The bottom line of it is we sort of have to create, youmight almost say, a politically segregated world." In the U.K., Brexit champion and conservative leader Nigel Farage faced the same sort of issue but the viewpoint discrimination he experienced ultimately helped topple a bankexecutive. Now a report from the Mail on Sunday revealed that banks are on pace to set a record number of closures this year, with 200,000 accounts having already been closed since thestart of the year, This puts the banks on pace to top the number seen last year, which stood at 343,350, a Freedom of Information request to the Financial Conduct Authority (FCA) revealed. In total, nearly one million accounts have been closed over the past four years, alone. However, the paper noted that this figure may be underestimating the true scale ofaccount closures, given that it only reflects accounts closed over concerns of financial crimes, and therefore would not include cases like that of Nigel Farage, who had his Coutts account shut because the bankers determined that he did "not align" with thebank's values. In response to the Farage revelations, Prime Minister Rishi Sunak's government is preparing legislation to be introduced in the autumn that would mandate that banks give atleast a 90-day warning to customers before their accounts are closed and provide a reason for the decision, except for instances when doing so would hinder a police investigation. However, others have called on the government to go further, with the founder of the campaign group Fairer Finance telling the MoS: "I think the legislation should go furtherand limit banks to closing accounts only when there is clear evidence of criminal activity." There have also been suggestions that the government may require banks to pledge to protect the principle of freedom of expression or face having their licence to lend inBritain revoked. Meanwhile, on Sunday, Mr Farage also revealed that the banking group at the heart of his debanking scandal, NatWest, is preparing to introduce new restrictions on customer'sability to use cash. "From September the 11th, NatWest will be limiting cash that you can deposit and cash that you can take out and they keep the absolute right to refuse cash. They even keepthe right to refuse checks, basically, they want everything to be electronic," he revealed on his YouTube channel on Sunday evening. The attack on the ability to use cash is not only happening in the UK. In Australia, for example, banks such as ANZ and NAB recently announced that they would be banning cashwithdrawals over the counter at some of their branches and that customers would need to specifically contact tellers ahead of time to schedule a physical withdrawal. Speaking to Breitbart News Daily on SiriusXM radio last week, Mr Farage warned that with the rise of a cashless society, the West is at risk of having something akin to theChinese social credit score being instituted through the banking system. "What we do know is the British clearing banks are now working with some of the credit agencies to put in place word checks on the social media accounts of their customers.You can see the direction... we are literally on the verge of this happening. So we really have to start shouting," Mr Farage said. We are told in the last days that one of the Antichrist's most powerful weapons of influence and control is the "mark of the beast' which will grant his government controlover commercial transactions - no one can buy or sell without his mark. With financial institutions already beginning to blend political positions with the ability to conduct transactions with their bank we are seeing a preview of what is coming. To learnmore about what the financial system has in store for you according to scripture... check out our newest book release - "Marking The Masses" by Pastor Thomas Hughes. Availablehere. ------------------------------------ Is America Doomed? - by Michael Snyder - http://theeconomiccollapseblog.com/is-america-doomed/ Is time running out for America? Throughout human history, great civilizations have risen and fell, and many believe that the U.S. will be no exception. At this point, wehave already drifted so far from our core values that our founders would not even be able to recognize the Republic that they once established if they were alive today. Of course most Americans realize that something has gone horribly wrong, but most of themalso believe that sending the right people to Washington is the answer. But is that really the solution to what ails us? According to a brand new Rasmussen poll that was just released, 40 percent of likely U.S. voters believe that Joe Biden must win the next presidential election �or the UnitedStates is doomed�� Per the poll, 40% of likely US voters agree with the statement, �Joe Biden must be re-elected president next year, or the United States is doomed,� which includes 25% whostrongly agree. 53% are in disagreement, which includes 43% who strongly disagree. That is nuts. Nearly half the country literally believes that our nation is �doomed� if Joe Biden does not win in 2024. The same poll also found that 45 percent of likely U.S. voters believe that Donald Trump must win the next presidential election �or the United States is doomed�� 45% agree with the statement, �Donald Trump must be re-elected president next year or the United States is doomed,� which includes 26% who strongly agree. 53% disagree, whichincludes 44% who strongly disagree. I am assuming that there is no overlap between those two groups. If that is true, that means that 85 percent of likely U.S. voters believe that our nation is �doomed� if the candidate that they are supporting does not win the next presidentialelection. I have never seen numbers like this before. The stakes in 2024 are incredibly high, and the side that loses is going to be absolutely devastated. Over the next year there will be endless campaigning as the upcoming election approaches, but meanwhile our society is being ripped to shreds right in front of our eyes. In Chicago, predators literally roam the streets in their vehicles in the middle of the day looking for someone to attack. When a suitable target is identified, brutal violence often ensues. WATCH: https://twitter.com/i/status/1688570095042240512 In the old days, thieves would at least wait until the cover of night to go out and do their thing. But now there is very little fear of the police. There are more than 1,000 identifiable gangs in the city of Chicago today, and mafia-style killings have become quite common� Three suspects shot and killed a man whom they also reportedly hit with a car at a gas station in Chicago in a brazen daytime shooting. A small memorial was left by family members for 31-year-old Anton Benoit after he was shot and killed in a gang-style shooting at a Shell gas station in Chatham, a neighborhoodin Chicago. Chatham is located on the south side and has a population of approximately 32,000. I don�t want to just pick on Chicago, and so let�s talk about major cities on the west coast for a bit. This week, a video posted by a San Francisco woman named Hanna Ayla went viral, because it accurately conveyed emotions that so many other San Francisco residents are feelingright now� �I was just getting groceries and I live in San Francisco, and I never really feel fully safe. If you live in San Francisco, I�m sure you know what I�m talking about. AndI just got groceries, I�m walking out of the store, and this guy is walking past me and says, �Move you stupid b****,� and he spits in my face!� she said. �Spits all over my face,� she repeats. �And I say, �Excuse me, did you just spit in my face?� And he says, �Move or I�ll rape you.� There�s also people everywhere and everyone�s just walking by because they�relike, I can�t handle something else in San Francisco, it�s always something else!� Ayla continued. �I don�t even know why I�m posting this,� she concluded. �If you live in San Francisco, do you feel this way all the time? I don�t feel safe. Ever. I literally never feelsafe. It�s better when it�s daytime, but nighttime? No. Not leaving my house.� WATCH: https://twitter.com/i/status/1688603374860877824 I don�t think that anyone that lives in San Francisco truly feels safe at this point. Crime is completely out of control, but many would argue that conditions in Oakland are even worse. In fact, a 48-year-old woman that has lived there her entire life says that she is being forced to move because she has become �too scared� to go outside of her own home� >A lifelong Oakland resident has made the heartbreaking decision to move out of the city after soaring crime rates left her �too scared� to go outside. Kristin Cook, 48, spoke for many in Oakland as she sobbed: �I can�t take it anymore. I got to the point I was too scared to leave my house.� �The fact that I am being pushed out because I emotionally can�t take it anymore is horrible,� she added. Burglary rates in the city are 41 percent up on last year and robberies have increased more than 20 percent, according to police data. Rape offenses are also up 12 percent. Our cities have degenerated into crime-ridden hellholes, and our country does not have a future if we stay on this path. But instead of working to fix our cities, Joe Biden continues to send giant mountains of money overseas. For example, it is being reported that Biden has actually given more than two billion dollars to the Taliban during the past two years� A report by the Special Inspector General for Afghan Reconstruction (SIGAR) notes that the Biden administration has given $2.35 billion to Afghanistan over the past two years,despite the fact that it is now ruled by the Taliban again following the disastrous U.S. withdrawal in 2021. The Washington Free Beacon shared details of the findings Tuesday, noting that the funds could be propping up the Taliban�s terrorist government. Of course two billion dollars is just a drop in the bucket compared to what Biden has given to Ukraine. Meanwhile, our own country is in absolutely horrible shape. I write a lot about our rapidly growing economic problems, but the moral decay that is eating away at the foundations of our culture is an even bigger crisis. We can see this moral decay in major cities from coast to coast, and we can also see it in rural areas. Here is just one example� A woman in Texas has been placed under arrest after dozens of dead horses and dogs were discovered at a ranch reportedly under her control. Animal cruelty had been suspected at a ranch in Westminster, Texas, about 50 miles northeast of Dallas, for some time. Dating back to 2019, police had received reports ofalleged animal cruelty at the property at least 15 times. Recently, police had received yet another report regarding animal maltreatment. Landscapers who had been doing work at the ranch called authorities to claim that they hadseen the decaying remains of several animals. Reading that probably made you very angry. And it should. If the police had taken previous reports of animal cruelty seriously, a lot of those deaths could have been prevented. But it isn�t just a few crazed nuts like that woman that are our problem. The truth is that our entire society is deeply sick. It is being reported that Pornhub is visited 115 million times a day, and many of those visitors are young adults andchildren� Pornhub, the YouTube of pornography, gets more global users than Amazon or Netflix. In 2019, the last year Pornhub released its data, the site was visited 42 billion times,or 115 million times each day. To put those numbers in perspective, there are only 331 million people living in the United States. And please keep in mind that we are just talking about one website. There are thousands of other websites that are also preying on our young people. I get extremely passionate about these issues, because the future of our country is literally hanging in the balance. For decades, extreme leftists have been rapidly advancing their agenda, and that has brought us to where we are today. Just about every form of evil that you can possibly imagine is exploding all around us, and if we don�t find a way to turn things around America really is doomed. ------------------------------- Secret Service Secrets - Bill Wilson � www.dailyjot.com One of the biggest secrets about a major news story in recent weeks is being kept by the Secret Service. After all, the Secret Service is by law required to protect the President.It seems that one of the duties of the Secret Service under Joe Biden is to protect him and his son Hunter�s problems with cocaine. Yes, there is no proof that the cocaine found at the White House was Joe�s or Hunter�s. There is, however, a whole lot of speculationabout who had access to the area where the cocaine was stored, when they had access, and who else was involved with the incident. The Secret Service is essentially saying, �we don�t know nothing about no cocaine in the White House.� This doesn�t meet the straightface test. But nobody is laughing unless it�s the Biden family who really knows the truth. And the Secret Service knows the truth, too, but nobody is telling it. In fact, the HeritageFoundation filed a Freedom of Information Act (FOIA) request seeking the list of those who had access to the area where the coke was found. The Secret Service responded. No go. In a July 25 letter, the Department of Homeland Security, Freedom of InformationAct Program Communications Center Freedom of Information Act Officer, Office of Intergovernmental and Legislative Affairs Kevin L Tyrrell declined to provide the requested FOIA information. With all the agency layers it takes to make a simple request, it�sa wonder any information can be had. But I digress. Tyrrell wrote: �As your request seeks records reflecting visitors or related information concerning the Office of the President, please be advised that these records are notSecret Service agency records subject to the FOIA. Rather, these records are governed by the Presidential Records Act, 44 U.S.C. 2201 et seq., and remain under the exclusive legal custody and control of the White House.� Well now, that kind of clears up thewhole custody of public information that is being withheld from the public by none other than Joe Biden�s White House. It�s only a year away from an election, give or take a few months. Probably, this information will be found in a top secret clearance boxbehind Joe�s cob-webbed corvette sometime after the election. On July 13th, just ten days after the cocaine was found at the White House, the Secret Service ended its investigation into the matter �due to a lack of physical evidence.� The FBI, Secret Service, and who knows who else found no fingerprints. No DNA found. No video surveillance footage. No access records. Kind of hard to believe when these people can identify every face in the crowd of thousands for the January 6 investigation.They can arrest somebody after January 6 and hold them without due process for years, but can�t find who slipped a bag of coke into a White House locker. What would Joe say, �C�mon man!� Proverbs 6:17-18 says these things the Lord hates: �A proud look, a lyingtongue, and hands that shed innocent blood, a heart that devises wicked imaginations, feet that be swift in running to mischief�� This is no less, say it with me�Stupidocrisy. Sources: https://first-heritage-foundation.s3.amazonaws.com/live_files/2023/07/Presidential-Records-Act-Ltr.-Current-President.pdf -------------------------