According to the Federal Deposit Insurance Corporation’s first quarter report, the US banking system is sitting on a collective $517 billion in unrealized losses
and has 63 “problem banks.”
And the condition of our banks just continues to deteriorate because mountains of commercial real estate loans are going bad.
At this point, it has become clear that we have never faced a commercial real estate crisis of this magnitude in our entire history…
Michael Snyder
Janet Yellen shocked the banking world when she said that America's “needed belt tightening is significant—larger than in most programs supported by the International Monetary Fund."
Yes, even larger than the bankrupt nations now beholden to the IMF, which demands a kind of austerity Americans might not survive. Examples:
By 2010, Greek debt had spiraled to 130% of GDP and climbing. No one was willing to lend them money anymore... forcing the IMF to swoop in with a "rescue" package that came with brutal strings attached.
Pensions were slashed by 40%. Public sector wages were frozen, then cut. Over 150,000 government workers were laid off. State assets—airports, ports, utilities—were sold off at fire-sale prices to foreign investors.
Greece's economy contracted by 25%. Youth unemployment hit 60%. An entire generation was hollowed out.
Argentina has been through the IMF wringer multiple times; in fact in in 2018, Argentina received the largest bailout in IMF history: $57 billion....
Martyn Lloyd-Jones declared, “Whenever you put happiness before righteousness, you will be doomed to misery. That is the great message of the Bible from beginning to end. They alone are truly happy who are seeking to be righteous.”
Attention antifa and transtifa and insurrectionists who hate ICE:
Nearly every state has specific statutes that criminalize willfully interrupting or disturbing a religious assembly or worship service. These laws protect the right of people to gather and practice their religion without intentional interference.
Let the Minneapolis arrests begin.