URGENT! Change all Variable Rate Debts to Fixed Rates, Hyperinflation Coming… -by Lynette Zang
US Corporate Bankruptcies just surpassed the total for all of last year. We are in a debt-based system, and the impact of raising interest rates is now starting to be felt in a big way.
The increase in the cost of borrowing and the cost of servicing debt for both businesses and individuals is leading to defaults. Corporations and commercial real estate businesses are unable to refinance due to credit tightening and they’re being forced into bankruptcy. This is leading to job losses and decreased consumer spending which will impact other businesses and trigger a downward spiral of events.
This economy is driven by the unsustainable compounding of debt and derivatives that are now being sold as all the wall street products your financial advisor recommends to you. Well guess what, the ponzi scheme gets revealed today…coming up!
CHAPTERS:
0:00 Corporate Bankruptcies
2:00 Distressed Debt
4:32 Domestic Banks Tighten
5:55 New Zombies
9:18 What About The Consumer
13:59 Student Loan Pause Ends
15:36 Gold Price & US Debt
SLIDES FROM VIDEO:
SOURCES:
Stock Market Today: Dow, S&P Live Updates for July 14 – Bloomberg
https://fred.stlouisfed.org/series/DRTSCLCCcc
https://fred.stlouisfed.org/series/DRTSCILM
https://fred.stlouisfed.org/series/SUBLPDRCSN
https://www.msci.com/www/quick-take/cmbs-dominates-first-wave-of/03740236548
SCE Credit Access Survey – FEDERAL RESERVE BANK of NEW YORK (newyorkfed.org)
Rising Consumer Pain Triggers Wall Street Concern: Credit Weekly – Bloomberg
https://fred.stlouisfed.org/series/MVLOAS
Student Loan Pause Ends With Chaos Looming for 28 Million US Borrowers – Bloomberg
https://fred.stlouisfed.org/series/SLOAS
https://www.mining.com/web/visualizing-gold-price-and-us-debt-1970-2023/
