1907 Panic, Haves and Have-Nots Template in Play

In my recent podcast with Robert Phoenix- Robert Phoenix and Russ Winter Discuss the Neoliberal Political Grift Economy – I laid out the economic forecast that a replay or template of the 1907 Panic is unfolding. Go to 1:39:00 for the explanation.

Effectively the mega companies somehow brilliantly timed (skill, luck or tipped off?) the Fed rate increases and insolated themselves. Smaller and medium sized companies are more tied to credit lines and lower rated corporate or junk bond borrowings. Thus interest cover is far lower than the big boyz. And this chart is using 2022 financials. The situation is much worse now.

Readers can also refer to my post George Cortelyou, President McKinley’s Assassination and the Panic of 1907 to understand this. Effectively JP Morgan consolidated the US regional and small bank sector during the Panic. This Panic will consolidate under mega multi-nationals.

Now we see the advantages the larger banks have with their prime credit card markets. The smaller banks lend to the ever growing have nots in American society. The have nots have larded up on expensive usurious debt. With student loans needing to be repaid, and excess savings from the scamdemic largesse depleted, a large delinquency gap is opening up and climbing. There are 45 million people in the US with student debt totaling $1.6 trillion.

Countdown to Economic Oblivion

Average family receiving food stamps saw loss of $250/month

Americans have already started repaying their student loans en masse

Treasury data shows more than $6.4B was paid to the Department of Education in August—which would imply a ~$65B annual cut to household incomes compared to April, and payments are likely to increase from here pic.twitter.com/O8hOhHCckI

— Joey Politano 🏳️‍🌈 (@JosephPolitano) September 1, 2023

In a perfect storm, and as draining the now depleted Strategic Petroleum Reserve has ended, energy prices are surging again.

Note that prime lenders – in blue – have barely budged. Notice however that in 2008-2009 during that financial crisis and bubble bursting, the blue line spiked. With wallets empty for the have nots the white line is going parabolic.

Image

The trouble for most consumers is flashing red. On September 7 a large player in the used car market went under.

Major player in used cars just got wiped out 🤯

the internal memo below:

“Elevated pricing and rising interest rates have further deteriorated conditions in the automotive retail market, weakening consumer demand and affordability.” pic.twitter.com/aBbvre9fjC

— CarDealershipGuy (@GuyDealership) September 6, 2023

Auto lenders are closing shop.

Another blow to auto lending:

CIG Financial is out.

Will only serve AutoNation stores moving forward. pic.twitter.com/IvMMSYmAxd

— CarDealershipGuy (@GuyDealership) September 1, 2023

Subprime auto delinquencies were edging higher even before the exhaustion of excess savings and the renewal of student loan repayments. Haves hanging in there, they will need a market bust and credit crisis/panic.

Image

Additionally smaller and mid-size banks, hold 71% of commercial real estate loans (CRE). The word is that many of these loans are already in extend and pretend mode.

Demand for CRE loans is now at its lowest since 2008. This comes as the price of office buildings is down 30% in one year. Office vacancy rates just hit a record 13.1%, up 6 straight quarters, and adding more pressure on CRE. Woke policies have ruined cities like San Francisco, see San Francisco’s Woke Bust.

Meanwhile, there is nearly $1.5 trillion in CRE debt that needs to be refinanced by 2025. Rates on these loans are set to more than double since they were last financed.

Additionally, small and mid-size banks larded up on investment securities such as 3% mortgages during the Fed’s great low interest mistake during the scamdemic.

These are now marked at substantial losses. Several of the worst offenders failed last spring, but there are more walking dead remaining.

Another problem for the smaller banks lies in a bank walk as deposits seek higher return in the treasury bills or money markets. The dire condition of these banks haven’t even factored in- yet. When the realization hits, the bank panic a la 1907 will ensue.

1907 Panic Have and Have Not Template in Play

In my recent podcast with Robert Phoenix- Robert Phoenix and Russ Winter Discuss the Neoliberal Political Grift Economy – I laid out the economic forecast that a replay or template of the 1907 Panic is unfolding. Go to 1:39:00 for the explanation.

Effectively the mega companies somehow brilliantly timed (skill, luck or tipped off?) the Fed rate increases and insolated themselves. Smaller and medium sized companies are more tied to credit lines and lower rated corporate or junk bond borrowings. Thus interest cover is far lower than the big boyz. And this chart is using 2022 financials. The situation is much worse now.

Readers can also refer to my post George Cortelyou, President McKinley’s Assassination and the Panic of 1907 to understand this. Effectively JP Morgan consolidated the US regional and small bank sector during the Panic. This Panic will consolidate under mega multi-nationals.

Now we see the advantages the larger banks have with their prime credit card markets. The smaller banks lend to the ever growing have nots in American society. The have nots have larded up on expensive usurious debt. With student loans needing to be repaid, and excess savings from the scamdemic largesse depleted, a large delinquency gap is opening up and climbing.

Countdown to Economic Oblivion

Average family receiving food stamps saw loss of $250/month

Americans have already started repaying their student loans en masse

Treasury data shows more than $6.4B was paid to the Department of Education in August—which would imply a ~$65B annual cut to household incomes compared to April, and payments are likely to increase from here pic.twitter.com/O8hOhHCckI

— Joey Politano 🏳️‍🌈 (@JosephPolitano) September 1, 2023

In a perfect storm, and as draining the now depleted Strategic Petroleum Reserve has ended, energy prices are surging again.

Note that prime lenders – in blue – have barely budged. Notice however that in 2008-2009 during that financial crisis and bubble bursting, the blue line spiked. With wallets empty for the have nots the white line is going parabolic.

Image

The trouble for most consumers is flashing red. On September 7 a large player in the used car market went under.

Major player in used cars just got wiped out 🤯

the internal memo below:

“Elevated pricing and rising interest rates have further deteriorated conditions in the automotive retail market, weakening consumer demand and affordability.” pic.twitter.com/aBbvre9fjC

— CarDealershipGuy (@GuyDealership) September 6, 2023

Auto lenders are closing shop.

Another blow to auto lending:

CIG Financial is out.

Will only serve AutoNation stores moving forward. pic.twitter.com/IvMMSYmAxd

— CarDealershipGuy (@GuyDealership) September 1, 2023

Subprime auto delinquencies were edging higher even before the exhaustion of excess savings and the renewal of student loan repayments. Haves hanging in there, they will need a market bust and credit crisis/panic.

Image

Additionally smaller and mid-size banks, hold 71% of commercial real estate loans (CRE). The word is that many of these loans are already in extend and pretend mode.

Demand for CRE loans is now at its lowest since 2008. This comes as the price of office buildings is down 30% in one year. Office vacancy rates just hit a record 13.1%, up 6 straight quarters, and adding more pressure on CRE. Woke policies have ruined cities like San Francisco, see San Francisco’s Woke Bust.

Meanwhile, there is nearly $1.5 trillion in CRE debt that needs to be refinanced by 2025. Rates on these loans are set to more than double since they were last financed.

Additionally, small and mid-size banks larded up on investment securities such as 3% mortgages during the Fed’s great low interest mistake during the scamdemic.

These are now marked at substantial losses. Several of the worst offenders failed last spring, but there are more walking dead remaining.

Another problem for the smaller banks lies in a bank walk as deposits seek higher return in the treasury bills or money markets. The dire condition of these banks haven’t even factored in- yet. When the realization hits, the bank panic a la 1907 will ensue.

Electricity prices in Italy surge 30% IN A WEEK as another winter without cheap Russian gas approaches – NaturalNews.com

Electricity prices in Italy surge 30% IN A WEEK as another winter without cheap Russian gas approaches

Within just one week from Aug. 21 to 27, Italy experienced a nearly 30 percent increase in the cost of electricity, pushing prices up to 138 euros ($147) per megawatt-hour (MWh) as another winter without cheap and bountiful Russian natural gas approaches.

That was the second straight week Italy saw a rapid surge in electricity prices. In the week from Aug. 14 to 20, prices rose by more than 10 percent over the previous week to nearly 106 euros ($114) per MWh, based on national average rates listed on the Italian Power Exchange, the main company that organizes the country’s energy market.

According to the estimates of Nomisma Energia, an energy think tank, Italian households are now facing the possibility of another seven to 10 percent spike in their electricity bills by Oct. 1 because of rising natural gas prices and Italy’s position as one of the most natural gas-dependent countries in the European Union.

“Half of Italy’s electricity production is made with gas,” warned Davide Tabarelli, president of Nomisma Energia. “If prices remain at these levels, it is inevitable that they will be reflected in an increase in future electricity bills.”

Tabarelli also warned about the grim projections for the upcoming winter, indicating that international gas prices could be 40 percent higher than the current rates, potentially resulting in a 20 percent hike in gas tariffs.

The surge in energy costs in the EU is not only limited to Italy. Estonia witnessed an astonishing 93 percent spike in its average wholesale electricity price, at one point going as high as 153.39 euros ($164) per MWh over the past week. In Latvia and Lithuania, costs surged by 23 percent to 142.58 euros ($153) per MWh.

Brighteon.TV

Even France, historically a net power exporter to the EU, had to rely heavily on electricity imports from neighboring nations due to maintenance-related shutdowns of many of its nuclear power plants.

Ban on Russian oil responsible for the energy price hikes in the EU

These escalating energy prices can be traced back to the decision of the EU in 2022 to restrict Russian oil and gas imports and completely ban coal supplies as part of its sanctions policy over Russia’s special military operation in Ukraine. (Related: New Energy Market Order: Russia, China, Iran sign over a dozen new trade agreements – mostly concerning energy.)

Last year, the EU implemented sanctions on Russian oil exports, including a ban on seaborne crude oil exports and price caps on Russian crude oil at $60 per barrel. Further restrictions and price caps were imposed on higher-value Russian refined oil products. 

In response to sanctions, Russia reduced oil output by 500,000 barrels per day starting in March. Moreover, Moscow stopped selling oil to buyers who cling to a Western-imposed price ceiling of $60 a barrel. As a result, Russia’s oil trade revenues increased by $1.7 billion in April, reaching $15 billion, with nearly 80 percent of crude shipments going to China and India in April.

The ban, which was originally intended to lower the demand for Russian oil and coal, has “continued to flow at close to pre-war volumes” in May, as per Gavin Thompson, the vice chairman of energy in the Asia Pacific at Wood Mackenzie.

This move, which was supposed to empower the EU, left the continent grappling with supply shortages and forced some member states to take unusual measures to secure their energy needs, especially during the winter season.

Visit EnergySupply.news for more news related to electricity shortage.

Watch the below video that talks about Europe’s mandatory reduction of electricity use.

This video is from the InfoWars channel on Brighteon.com.

More related stories:

Russian oil exports surge despite Western sanctions, Moscow’s output cut.

Renewables NOT ENOUGH to cover Europe’s energy needs.

Europe has spent hundreds of billions in energy subsidies to shield citizens from EU-caused energy crisis.

Sources include:

RT.com 1

AzerNews.az

ANSA.it

RT.com 2

RT.com 3

Brighteon.com

MURDERERS are receiving lighter prison sentences than Proud Boys “rioters” caught at January 6 “insurrection” – NaturalNews.com

MURDERERS are receiving lighter prison sentences than Proud Boys “rioters” caught at January 6 “insurrection”

The self-proclaimed ringleader of the January 6 “insurrection” has received a sentence of 22 years in prison, even though he was nowhere near the U.S. Capitol during the false flag event and was never deemed guilty by a jury of ever having committed any crime that day.

Enrique Tarrio, the former leader of Proud Boys, received a jail sentence that is two years longer than the average sentence for first-degree murder, all because he tweeted out support for the “riot” all the way from Baltimore.

Tarrio’s extremely lengthy prison sentence actually came as a result of him accepting a plea deal through a mechanism known as “trial penalty,” which PJ Media‘s Rick Moran describes as “manifestly and grossly unfair.”

The way it works is prosecutors will dangle a lighter prison sentence before a defendant in exchange for the defendant agreeing not to go to trial by a jury of his peers, as is all defendants’ constitutional right.

“Most January 6 defendants received far lighter sentences of a few months to a few years,” Moran explains. “That’s because they accepted lighter sentences in exchange for their guilty plea.”

“The Proud Boys chose to go to trial. The choice to be tried by a jury of your peers is frowned upon by prosecutors. It’s a lot of work to prepare for a trial and the outcome is a lot less certain. So prosecutors dangle light sentences in front of defendants to discourage them from going to trial.”

(Related: Fact checks determined that the January 6 “insurrection” was nothing more than a government-staged false flag event to entrap Trump supporters.)

Brighteon.TV

The “trial penalty” option has fully corrupted the American justice system

Plea deals are nothing new in the American justice system, but they are, in all reality, a miscarriage of justice. And in this case, Tarrio’s life is basically over because of it – though he could have gotten as many as 33 years in prison had he gone to trial and lost.

“[Prosecutors] got a really long sentence by asking for something really absurd,” commented C.J. Ciaramella on “Reason Roundtable” about how prosecutors used the 33-year prison sentence threat to get Tarrio to agree to 22 years instead.

“In cases where January 6 defendants did plead guilty, expressed remorse, the judges were much more likely to go easy on them.”

In defense of the trial penalty option, many prosecutors argue that it helps to clear out an otherwise clogged system full of cases that are backlogged for many years. On the other hand, trial penalty perverts true justice and turns the entire justice system into bargaining table like at a casino.

“The problem with this system is that it gives us a cockeyed view of ‘justice,'” Moran says.

“In fact, it disconnects the idea of ‘justice’ from the criminal court system. In Tarrio’s case, the prosecutors asked for 33 years. Does that mean that justice wasn’t served because Tarrio ‘only’ got 22 years?”

According to the American Bar Association, average sentences for federal felony convictions are seven years longer for defendants who go to trial compared to defendants who accept a plea deal.

To further coerce defendants into accepting a plea deal, some prosecutors will tack on as many additional charges as possible, many of them completely bogus, as a scare tactic.

“The end result is that those convicted at trial go to prison for longer than even prosecutors think is necessary,” Reason reports about the matter.

Following Tarrio’s sentencing, FBI Director Christopher Wray celebrated, stating that the disturbing outcome “demonstrates that those who attempted to undermine the workings of American democracy will be held criminally accountable.”

In today’s America, up is down, black is white, and injustice has become “justice.” Learn more at Chaos.news.

Sources for this article include:

PJMedia.com

NaturalNews.com

Homeless people INVADE city of Casper, Wyoming, taking over vacant motel – NaturalNews.com

Wyoming’s second largest city Casper has been besieged by a growing number of homeless people, who have damaged a local motel and dumped human waste in the downtown area.

Casper Mayor Bruce Knell pressed the panic button during an interview with local news media Cowboy State Daily published on Aug. 31. According to him, the city’s homeless population had topped about 200 people and had created a “mess” whenever they roam the city’s parks and streets.

“It’s like nothing I’ve ever seen. It’s third-world country stuff happening in Casper, Wyoming,” said Knell. “They destroyed everything. It’s horrible.”

The hardest hit was the city’s vacant Econo Lodge motel, which had been closed due to flooding. Homeless people took over the hotel, causing millions in destruction. Photos of the motel rooms published by the outlet show trash, towels and bed sheets littered across the floors.

The city subsequently condemned the motel, and the bank that owned the property had to board it up to prevent homeless people from entering. “It was inhabitable, and it was unsafe,” the mayor said, adding that other homeless people have moved into abandoned properties with no electricity or running water.

According to Knell, some of the homeless people occupy parks and bike paths while others choose to sleep in their cars. Many of them loiter in the city’s downtown area, however, leaving behind about 500 pounds of human feces that city staffers cleaned up.

“In desperate times, people do desperate things. Unfortunately, we’re the ones left having to deal with it,” the mayor remarked, adding the homeless population was responsible for some of the city’s crimes.

Brighteon.TV

“We know very well we cannot litigate our way or arrest our way out of the problem, but our police need some teeth to start dealing with the squatting. They’re just causing so many problems.”

Not just in Casper: Number of homeless people in U.S. is growing

Homelessness is not just an acute problem in Casper, but the whole United States. According to the Department of Housing and Urban Development, more than half a million people sleep in shelters and unsheltered places not meant for human habitation – such as cars and encampments – on any given night.

More than 300,000 men, women and children in the U.S. stay in homeless shelters. An additional 200,000 or so spend each night unsheltered, whether on the street or in other locations.

Families with children represent 30 percent of America’s homeless population, and an additional six percent are adults under the age of 25. About 20 percent of homeless people in the U.S. are considered “chronically homeless,” 60 percent of whom have no shelter at all.

While California accounts for a mere 12 percent of the nation’s population, it is home to a whopping 28 percent of homeless Americans and an astronomical 47 percent of unsheltered homeless people. Despite throwing $17 billion at homelessness since 2018, the problem has continued to grow. (Related: Homelessness in California’s state capital has risen by almost 70% since 2019)

California’s approach has been disjointed and scattershot under more than a decade of complete Democratic control of state government, with Gov. Gavin Newsom blasting fellow Democrats as being “as dumb as they want to be” when it comes to homelessness.

With the gargantuan sum to combat homelessness, the state could, theoretically, have just paid the rent for every unhoused person in California for those four years. But even if the Golden State wants to pay rent for every homeless person, there just isn’t enough affordable housing to go around.

Visit HomelessAgenda.com for more stories on homelessness in the United States.

Watch this video about the explosion of homelessness in America.

This video is from the EARTH SHAKING NEWS channel on Brighteon.com.

More related stories:

Homelessness in the U.S. reaches RECORD HIGH amid worsening economic downturn post-pandemic.

Poll shows 86% of Americans believe homelessness is a major problem in the U.S.

Number of homeless people in Los Angeles County surges to more than 75,000.

Sources include:

TheEpochTimes.com

OnlineDegrees.UNR.edu

Edition.CNN.com

Brighteon.com

AI and genetic engineering could trigger a “super-pandemic,” warns AI expert – NaturalNews.com

Mustafa Suleyman, the billionaire co-founder of Google DeepMind AI technology, has warned that a super-pandemic developed through AI and genetic engineering is one of the biggest threats facing the planet. He made the warning in an episode of the “Diary of a CEO” podcast.

According to Suleyman, the ability to engineer a deadly pandemic, such as the Wuhan coronavirus (COVID-19), could potentially become commonplace before the end of this decade.

Suleyman added that in the next five years or so, a regular person could easily download the instruction set for a pandemic that’s “more lethal” than anything the world has encountered so far. He warned that this is why the world needs “containment.”

AI and genetic engineering could do more harm than good

Technology is evolving quickly and Suleyman added that it is crucial to “limit access to the tools and the know-how to carry out that kind of experimentation,” especially since many people are often “experimenting with dangerous materials,” he said.

Something dangerous like anthrax can’t be bought over the internet, making it hard to freely experiment with. But while it is difficult to turn anthrax into a weapon of mass destruction, it is possible to grow the bacteria in a lab and distribute small quantities piecemeal, even through the mail.

According to Norman Cheville, dean of Iowa State University’s School of Veterinary Medicine, growing anthrax is easy and you can even grow it overnight.

Until the mid-1990s, the U.S. government didn’t keep detailed information on who shared and sold samples of anthrax and other dangerous bacteria. In the mid-1980s, before the Persian Gulf War, the not-for-profit biological supply company American Type Culture Collection sold three strains of anthrax to Iraq. Some say Iraq used the bacteria to create biological weapons.

Brighteon.TV

In 1995, Larry Wayne Harris, a laboratory worker at Ohio State University obtained three vials of bubonic plague from American Type by falsifying university letterhead.

Harris pleaded guilty to one count of wire fraud. He was a member of Aryan Nations, a white supremacist group, and he claimed to have cultivated anthrax by taking samples from a 20-year-old burial site for cattle that had died of the disease.

Congress realized that lab controls were lax and it passed a law in 1996 that strictly limits the interstate shipment of anthrax and other pathogenic strains.

Researchers who plan to work with anthrax must first receive a license from the Centers for Disease Control and Prevention (CDC). Shippers must also inform the government when they send an anthrax sample while researchers must acknowledge receipt.

According to Suleyman, in a few years, the very best of these tools could “be capable of creating new synthetic pandemic pathogens,” emphasizing the need to “restrict access to those things.”

When talking about the future of genetic engineering, Suleyman said the darkest scenario is that people will experiment with synthetic pathogens that could end up “accidentally or intentionally being more transmissible.” They can spread faster, or be more lethal.

Suleyman also warned that advanced AI technology is getting cheaper and easier to obtain at an alarming rate because the tech is being made “open.” (Related: EXTREME SCENARIOS: Artificial intelligence could revolutionize tech sector forever – or wipe out the human race.)

This means anyone can get their hands on the technology and people can use it to help them cheat on their exams or develop a virus that could paralyze the world.

Suleyman also highlighted the need for an international treaty with “America’s perceived enemies such as Russia and China.” Such a treaty could help limit the use of advanced AI and genetic manipulation (genetic modification/genetic engineering).

Go to Cyborg.news for more information about the risks and dangers of AI.

Watch the video below as Paul McGuire talks about how AI is taking over everything.

This video is from the PAUL McGUIRE channel on Brighteon.com.

More related stories:

Big Tech, globalist elites join forces in secret meeting to talk about artificial intelligence.

Century-old writings by Nikola Tesla predict development of artificial intelligence.

Apple starts to embrace artificial intelligence, installs AI-powered features in iPhones.

Sources include:

DailyStar.co.uk

LATimes.com

Brighteon.com