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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."
The Trump Administration has banned all new humanoid robots from China, which the FCC terms "unacceptable risks" to U.S. national security.
Many major robotic vacuum brands like Roborock and Ecovac are either based in China, or source parts from foreign countries — even iRobot's Roomba. Among other features, robot vacuums often have the ability to map your home, listen to conversations, and there have been security breaches that demonstrate the devices' vulnerabilities.
"Advanced robotic devices collect data that could be leveraged by malign actors to surveil Americans, enhance the capabilities of foreign intelligence services, or to remotely commandeer the robots," the FCC said. It cites several use cases for robots: guarding data centers and other "critical infrastructure" protection, manufacturing and "U.S. military dominance" that the FCC says illustrate the need to have a "secure domestic advanced robotics supply chain."
Earlier this year, the FCC banned imports of new ...
Splicing HIV into a coronavirus.
Blocking access to hcq and ivm.
Removing NAC from the shelves.
No early treatment.
Respirators that kill 90% of patients.
Seeding nursing homes with Covid+ patients.
[Ed.} Flooding nursing homes and hospitals with the euthanasia drug midazolam.
Blanket DNR orders for the disabled.
“15 days to flatten the curve” that slowed the rate of natural immunity.
Closing schools for two years.
Masks that reduce oxygen.
Shutting down gyms.
Keeping liquor stores open.
Closing hiking trails and parks thus preventing people from getting vitamin D.
Remdesivir and Paxlovid that are expensive, useless, and deadly.
The most toxic and deadly vaccines in history on a new platform that will never work.
Billions of dollars spent on propaganda to convince people to accept every step of this nefarious plan.
Firings, censorship, and blacklisting of critical thinkers.
Covid is a world war, launched by the ruling class, against humanity.
-- Dr. Toby Rogers
