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Could be so massively bankrupt, says Bill Bonner.
"We have a mountain of debt... nearly $100 trillion of it... every penny of which is counted as an “asset” on the creditors’ balance sheets. Probably only about half of it is ‘money good.’ The rest may go ‘poof’ in the credit cycle’s downturn.
The safest part of this pile is US Treasury bonds. And yet, in gold terms, we’ve seen that they lost 30% of their value in the last four years... and 75% since 1999.
And we have a GDP that is largely fraudulent... with as much as half of it directed, controlled or be-muddled by government, rendering it unfit...
It’s not just Treasury bonds that pretend to have value they don’t actually have. All across the fixed-return world, there are unrecognized losses and make-believe wealth.
Here’s the FDIC warning:
'Unrealized losses on available-for-sale and held-to-maturity securities increased by $39 billion to $517 billion in the first quarter. Higher unrealized losses on residential mortgage-backed securities, resulting from higher mortgage rates in the first quarter, drove the overall increase. This is the ninth straight quarter of unusually high unrealized losses since the Federal Reserve began to raise interest rates in first quarter 2022. '
Banks were required to hold US Treasury bonds as ‘reserves.’ That, they were told, would make them more antifragile. But it did just the opposite. Treasury bonds proved to be a terrible form of ‘reserve.’ They went down, in nominal terms, by about 20% since 2020. In gold terms, they lost half again as much.
The banks also had plenty of private debt that went bad. They lent heavily to real estate developers and speculators, for example. But now, commercial real estate is not worth what it was a few years ago.
In addition to the loan losses, there are the losses on the collateral itself. Green Street reports that the ‘all-property commercial index’ is down more than 20% since 2021."
"What we see in Africa today is a kind of silent genocide or silent, brutal, savage war that is occurring in the shadows and all too often ignored by the international community… Christians are going to be targeted and destroyed…. That jihadist groups are in a position to take over not one, not two, but several countries in Africa – take over the whole country or most of several countries – is dangerous.
"It's very dangerous for the national security of the United States let alone the security of the poor people who are there – Christians or Muslims or whoever they are… [The goal of these jihadist groups is] eliminating Christian communities… [Muslims are] given a choice: ‘either join us or you too will face killing and annihilation.’ Christians, of course, are not going to be asked to join. Christians are going to be targeted and destroyed."
-- Former U.S. diplomat Alberto Miguel Fernandez
Charlie was a hard-working and very talented man, but he worked hard at what? He was a campus evangelist and a podcaster. He had thrown himself into the mission of talking about doctrine and comprehensive worldview with nineteen-year-olds. Doing that, he became such a cultural force that he was shot and killed by the darkness we are up against. And at the memorial service for this campus evangelist, you had the president’s cabinet sitting in the front row, the secretary of state declaring the gospel, the vice-president of the United States walking us through the Nicene Creed, numerous faithful Christians pointing the way to Jesus Christ, the president himself present and speaking, a beautiful widow speaking her beautiful words, and with thousands upon thousands in the stadium, and a hundred million people watching around the globe.
-- Doug Wilson
The two weapons were the Covid virus and the Covid vaccine.
A bombshell new peer-reviewed study has dropped a hammer on the official Covid narrative, concluding that both the SARS-CoV-2 virus and the mRNA “vaccines” share “deliberately engineered” features consistent with gain-of-function biological weapons research. The researchers behind the study warn that the mRNA injections have caused “unprecedented levels of morbidity and mortality.” The study’s paper was authored by 11 scientific and legal experts. It was published in the prestigious Journal of American Physicians and Surgeons. You can access the study here:
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