Yesterday the Fed hiked the interbank lending rate by 75 basis points (0.75%), which will lead to retail loan rates rising across the board. This is all part of the Fed's attempt to reel in rising inflation, which the dishonest government claims is at 9% but the rest of the world already understands is closer to 20%.
Foreclosure starts are up 440% year over year
- People are being priced out of automobiles they wish to purchase as interest rates rise
- A shocking number of Americans are now paying $1,000+ a month on car loans
- Average monthly payments on new car loans are at a record high of $686
- Used car market sees average monthly payments at $554, up 12% year-on-year
The Fed will likely soon stop raising rates and will start lowering them, indicating a total surrender to inflation and the eventual collapse of the fiat currency
- The Fed is already indicating they plan to start lowering rates in 2023
- On top of this, China, Russia, India and other BRICS nations are rolling out a new global reserve currency that will make the petro dollar obsolete, immediately making global dollar dominance a thing of the past
- Before long, America will be a collapsed Third World nation with mass homelessness, starvation, destitution, and lawlessness
- This is when you will thank God for the preparedness activities that you pursued in advance
No comments:
Post a Comment