The government tells us #inflation is 3%
But the goods & services we buy daily are 📈 10% or higher like
•17.8% car insurance
•14.4% Tax service
•14% food
•13% car repairs
•12% Fruits & Veggies
•11% Bread
Yea looks like 3% to me.
The U.S. Now Has:
1. Record $17.1 trillion in household debt
2. Record $12.0 trillion in mortgages
3. Record $1.6 trillion in auto loans
4. Record $1.6 trillion in student loans
5. Record $1.0 trillion in credit card debt
Total mortgage debt is now more than double the 2006 peak.
Meanwhile, 36% of Americans have more credit card debt than savings while student loan payments are set to resume for the first time since 2020.
This is all while mortgage rates just hit 7.1% and credit card debt rates hit a record 25%.
We are "fighting" inflation with debt.
This can't end well.
@mcuban@joerogan@Ravarora1 Since the government essentially forced half the population to be vaccinated they should pass legislation making it illegal to discriminate (ie by charging more) anyone who was vaccinated. Don’t you agree Marc?
Last week, Fitch downgraded the US long-term credit rating and markets tanked.
Then, JP Morgan said they no longer expect a recession and markets tanked.
Today, Moody's downgraded regional banks' credit ratings and markets tanked.
Are markets worried about a credit event?
I personally have been skeptical of AIRBNB causing a housing crash.
What it could do though is crush the comps in a neighborhood.
As I’ve said before: Banks wanna move their foreclosures. If they have to drop the price 20% to sell so be it.
Here’s how it could happen:
Housing topping out in 2019
Realtors in 2019: "Housing only goes up."
Someone in China eats a bat, the government hands out $9 TRILLION dollars, $1 trillion directly to rich people.
Realtors in 2021: "I told you!"
They Want Us To Forget About This But I’m NEVER Going To Stop Sharing It Until We Get Accountability 🚨
The day after the DOJ launched an investigation into Wall Street short sellers the largest document storage facility went up in flames. They hauled the evidence away ON FIRE in direct violation of OSHA safety requirements. 60 hedge funds were to undergo investigations for manipulative short selling.
Authorities concluded that a “falling shelf” took out the entire building’s sprinkler system that was located on the ceiling.
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The facility, TD Ameritrade Bartlett Warehouse, was a newer facility outfitted with state of the art fire prevention technology.
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Hedge funds have been under heavy scrutiny from retail investors. More specifically from the AMC & GME GameStop community after the ‘meme stock’ frenzy in 2021
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Hedge funds have been suppressing share prices of stocks through predatory short-selling strategies & ILLEGAL naked short selling.
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In a Bloomberg exclusive, Gary Gensler stated 90%-95% or retail market trades do not go through the lit exchange, but rather through dark pools. This means Supply & Demand doesn’t exist because 95% of orders don’t count to pricing or stocks.
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This happened on February 4th 2022. Just like everything with out government absolutely NOTHING has come from the investigation. No charges. No stop to the blatant naked short selling taking place on a daily basis robbing investors.
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The primary offender of naked shorting of course is Citadel, owned by Ken Griffin. Griffin is Ron DeSantis’s MEGADONOR and WEF member.
We have to assume at this point that Merrick Garland, the Justice Department, Christopher Wray, the FBI & everyone in government is in on it because they refuse to even acknowledge the entire planet being robbed by this.
Anybody remember September 11. 2001? 9/11 World Trade Center Building 7 they did the same thing. Burned the building to the ground and all evidence lost in the biggest Wall Street cases to ever be assembled. #Enron
THEY CAN’T KEEP GETTING AWAY WITH IT ‼️
The SEC, FINRA, DTCC & The New York Stock Exchange (NYSE) are ALL complicit as best & colluding at worst (I suspend the worst)
$AMC $APE #AMC #APE $GME #GME #GameStop #NakedShorts #WorldEconomicForum #BlackRock #SEC #FINRA #DTCC BlackRock #WEF
@realmatt_re If you have the time you should report it, in writing, to the lender/servicer. If it’s not being held in their portfolio they have a fiduciary duty to do something. I would not be surprised if there are originators that are in on the fraud. This could be huge