As the Democrats take the next step in the impeachment scam, Durham & Barr pursue the REAL investigation - and the real criminals. Wayne Jett joins me to discuss the latest!
October 29, 2019 by Michael Snyder
There should no longer be any doubt that the U.S. economy is slowing down, but most Americans still don’t realize what is happening because the major news networks are completely focused on the endless impeachment drama that is currently playing out in Washington. And without a doubt that is important, because it threatens to literally rip our entire nation in two. But meanwhile, economic activity has taken a very ominous turn. Hiring is slowing, consumer confidence is plunging, defaults on auto loans are rapidly escalating, the “transportation recession” continues to get deeper and it appears that the housing bubble is popping. Everywhere we turn, there are signs of economic trouble, and many are deeply concerned about what this will mean for us as we head into a pivotal election year in 2020.
Not since the last recession have we seen numbers this bad. The “mini-boom” that we witnessed for several years has now turned into a “bust”, and very tough times are ahead.
The following are 14 signs that the U.S. economy is steadily weakening…
#1 U.S. business hiring has fallen to a 7 year low.
#2 Consumer confidence in the United States has now declined for 3 months in a row.
#3 Defaults on “subprime” auto loans are happening at the fastest pace that we have seen since 2008.
#4 The percentage of “subprime” auto loans that are at least 60 days delinquent is now higher than it was at any point during the last recession.
#5 Vacancies at U.S. shopping malls have hit the highest level since the last recession.
#6 Destination Maternity has announced that they will be closing 183 stores as the worst year for store closings in U.S. history just continues to get worse.
#7 The Cass Freight Index has now fallen for 10 months in a row.
#8 U.S. rail carload volumes have plunged to the lowest level in 3 years.
#9 In September, orders for class 8 heavy duty trucks were down 71 percent.
#10 Tesla’s U.S. sales were down a whopping 39 percent during the third quarter of 2019.
#11 The bad news just keeps rolling in for the real estate industry. Last month, existing home sales in the United States declined by another 2.2 percent.
#12 New home prices have fallen to the lowest level in almost 3 years.
#13 According to one recent report, 44 percent.
#14 A recent survey found that more than two-thirds of all U.S. households “are preparing for a possible recession”.
All over the country, economic activity is slowing down, and this is hitting many small businesses particularly hard.
In Wisconsin, one aluminum firm “has seen bookings plunge by 40 percent” and was forced to lay off workers as a result…
Sachin Shivaram, the chief executive of Wisconsin Aluminum Foundry, started to worry this summer when orders for his brake housings and conveyor belt motors first grew scarce. Within weeks, what began as mild concern snowballed into a business drought that has seen bookings plunge by 40 percent.
In August, Shivaram, 38, reluctantly laid off two dozen workers, hoping to recall them when the outlook improved. It hasn’t.
“Things are not good. We didn’t anticipate this level of deterioration,” he said. “Orders are down across the board.”
Of course there are hundreds of other examples just like this one.
As times get tougher, many U.S. consumers are increasingly turning to debt to help make ends meet.
For those at the low end of the economic food chain, getting approved for credit cards and other conventional forms of debt can be quite difficult. This has opened up a door for online financial predators, and they are making a killing by making loans to people that really can’t afford them.
In fact, it is being reported that online lending has become a $50 billion industry, and sometimes these “loans” carry annual interest rates of more than 100 percent…
It’s called the online installment loan, a form of debt with much longer maturities but often the same sort of crippling, triple-digit interest rates. If the payday loan’s target audience is the nation’s poor, then the installment loan is geared to all those working-class Americans who have seen their wages stagnate and unpaid bills pile up in the years since the Great Recession.
In just a span of five years, online installment loans have gone from being a relatively niche offering to a red-hot industry. Non-prime borrowers now collectively owe about $50 billion on installment products, according to credit reporting firm TransUnion. In the process, they’re helping transform the way that a large swathe of the country accesses debt. And they have done so without attracting the kind of public and regulatory backlash that hounded the payday loan.
Just like the “payday loan” industry flourished during the last recession, now predatory lending is flourishing during this present era.
Unfortunately, as “the everything bubble” bursts, times are going to be very tough for all of us during the years ahead.
I think that Michael Pento of Pento Portfolio Strategies summed things up very well when he made the following statement during a recent interview…
‘When this thing implodes, we are all screwed. On a global scale, we have never before created such a magnificent bubble. These central bankers are clueless, and they have proven that beyond a doubt. All they can do is to try to keep the bubble going.’
We should give the central bankers credit for keeping the bubble going for as long as it has. It should have never lasted this long, but thanks to unprecedented intervention they have been able to keep it alive.
But no financial bubble lasts forever, and now things have started to shift in a major way.
2020 is rapidly approaching, and the time of “the perfect storm” is now upon us.
I encourage you to do what you need to do to weather the coming economic storm, because it is not going to be pleasant.
October 29, 2019 Ben Jones
A report from the Douglas Digital Daily in California. “Forget what’s fashionable in floor plans, decor or color palettes. This year’s hot housing flavor is something every house hunter can agree upon: a price discount. It’s no blip. The frequency of price-cutting in Southern California statewide and across the nation is running at or near post-recession highs.”
“When I filled my trusty spreadsheet with among the 50 largest metropolitan areas, I found 43 with increased discounting in the 12 months ended in August vs. the previous 12 months. Five of the 11 big metros with the steepest jumps in price reductions were in the Golden State. So, who’s lowering asking prices the most? Silicon Valley. The San Jose metro area’s 115% jump in its discounting rate over the past 12 months meant 15.9% of sellers had cut their asking price.”
“In Southern California, more sellers are cutting prices, too. Los Angeles and Orange counties had the No. 7 jump with 28% increased discounting. As for the Inland Empire, it had the 11th-largest growth in price cuts: Up to 16.1% (No. 28) from 13.7% (No. 20) — an 18% increase. Big California upswings in discounts were also found in San Francisco. A 67% jump, to No. 3 nationally, pushed price-cutting to 12.2% of listings.”
“Now remember, cutting listing prices is no guarantee that house hunters will bite. That’s likely a reason why you see some of the nation’s once-hottest housing markets filling out the Top 10 for increased price cut. Las Vegas had the second-biggest surge in reductions, running to 22.5% this year from 12.3% a year — an 82% jump. No. 4 was Seattle, 14.6% from 9.3% — a 56% increase. Then there was No. 6 Denver: 18.1% from 13.8% — up 31%; No. 8 Atlanta: 15.1% from 12.3% — up 23%; No. 9 Salt Lake City: 19.6% from 16.1% — up 22%; and No. 10 Kansas City: 13.2% from 10.9% — up 21%.”
“Ah, housing price cuts. Everyone complains about affordability … and now house hunters get what they’ve wished for: Discounts! Of course, lowered prices can be a doubled-edged sword. When housing markets cool, plenty of buyers get cold feet fearful of overpaying for housing.”
The Record Searchlight in California. “Build 3.5 million new dwelling units across California by 2025 and this state’s housing shortage will be solved, Gov. Gavin Newsom prescribed during his campaign last year and many times since. SB 50’s likely failure was implied last spring, when MetroStudy reported that 3,700 newly-built homes went unsold in Orange, Los Angeles, Riverside, and San Bernardino counties during the first quarter of this year.”
“That left unsold housing inventory up 22 percent from last year and 37 percent above the five-year average. It caused a slowdown in construction at the very time Newsom and others wanted more building, with new home development in the state’s most populous region down 18 percent year over year.”
“This was market forces at work: Even though builders dropped the price of new housing below the regional median price, they could not drop it below the $425,000 average cost of building an apartment or condominium in a typical 100-unit project. Instead, most new units must be sold for about $600,000 in order to push the price of ‘affordable’ new units in each development down to $350,000 or less.”
“Such numbers are needed for developers to make any profit, a prerequisite if anyone expects them to build anything. But at those prices, there aren’t enough buyers to sustain the kind of building boom California needs.”
The Real Deal on Florida. “It’s a buyer’s market in Miami, and a new startup wants to capitalize on the glut of condos on the market. New York City-based Compound, led by CEO Janine Yorio, is under contract to purchase a unit at Brickell City Centre, and will open up a vehicle for accredited investors to buy shares. Using the same model, the investment firm hopes to buy hundreds of condos that it will lease to renters. Yorio compared it to Blackstone’s strategy of buying over 10,000 single-family homes that it ultimately took public as Invitation Homes.”
“The Miami unit is Compound’s first using the investment model. Each individual unit will be owned by a real estate investment trust that Compound sets up. Compound is under contract to pay $445,000 for a unit at Reach at Brickell City Centre, with closing expected in two months. Shares of the unit will be priced at $4.80, with a minimum investment of $4,800 or 1,000 shares – and will be capped, per investor, at 10 percent of the entire unit’s ownership. Accredited investors will be required to have a net worth of about $2 million to qualify.”
“Compound plans to rent the condo for 12 months, and is targeting an internal rate of return of about 17 percent. Investors would receive annual dividends from the net cash flow generated from the rental stream, but the idea is that they would make their money when Compound sells the unit, typically after a long-term hold.”
“Owners of newly completed condos in Miami and some other markets across the country are struggling to recoup their investments as they list units at the same time the developers are still trying to unload even newer product. That provides an opportunity for buyers. The sellers of the Brickell City Centre unit, Harley and Nichole Hines, paid $582,900 for the condo in 2016, when Swire Properties completed Reach and Rise. Both condo towers connect to the mixed-use development in the heart of Brickell.”
“The one-bedroom, 879-square-foot unit at Reach hit the market in June for $500,000 with a price reduction in September to $475,000, according to Realtor.com. If it closes for the purchase price of $445,000, the Hineses will have sold their unit at a 24 percent markdown compared to what they paid three years ago, a loss that does not include carrying costs like monthly maintenance fees and insurance. The HOA fees total $789 a month for that unit, according to the listing.”
The Wall Street Journal on New York. “It is too soon to know how badly New York City’s new rent control laws may batter apartment landlords. But a battle heating up in Israel between a Brooklyn-born developer and a short seller may provide an early clue. Joel Wiener, chief executive of Pinnacle Group, rose to prominence by buying up thousands of rent-stabilized New York apartments, many of which he renovated or converted to condominiums. His firm has raised funds by selling more than $500 million in bonds on the Tel Aviv stock exchange, making Pinnacle one of the largest bond sales by a foreign company in Israel’s history.”
“Now, at least two investors are shorting the Pinnacle bonds, or betting that the prices will fall further. The new laws make it harder for landlords to raise rents, evict tenants or convert rent-controlled units into market-rate apartments or condos, and the two investors are betting this will push down the value of Pinnacle’s portfolio and could force it to default on its bonds. Pinnacle has nearly 1,800 unsold condominium units in its portfolio, bond documents show, and most are still occupied by renters.”
“‘To me it seems like everyone is looking the other way. No one wants to admit the shift happened,’ Ori Eisenberg, one of the short sellers said in an interview. ‘The moment that will be recognized, there will be major implications.’”
From Mansion Global on New York. “Wealthy house hunters in Manhattan signed contracts for only nine homes in the week ending Sunday. It’s the fourth time this year that new pending sales in the borough’s luxury market were in the single digits, according to the report from Olshan Realty. Anemic home buying in the world’s financial capital follows myriad factors—including unfavorable tax changes for the rich—that have weighed on demand for trophy homes in the city.”
“Sellers and developers have had to counter the slowdown by slashing prices. For instance, homes that went into contract last week had an average price cut of 10%. After the unit at 432 Park Avenue, the second most expensive home to find a buyer last week was a penthouse asking $13.5 million at Midtown new development 135 West 52nd St. Developers originally listed the five-bedroom aerie four years ago and have cut at least $3.3 million off the asking price since then.”
From Bravo TV on New York. “After being unable to secure a buyer over the past few years, Bethenny Frankel has dropped the price of her sexy Soho condo in NYC to a number below what she paid for it just five years ago. The Real Housewives of New York City alum purchased the two-bedroom, 2,392-square-foot property, located in a prestigious building on a cobblestone street, for $4.2 million in 2014 to renovate and share with her daughter, Bryn. She and Bryn moved out of the condo and listed it for sale for $5.25 million back in 2017, but Bethenny never found a buyer for it. She then re-listed it in April for a much lower asking price of $4.38 million.”
“Now, the price for the condo has dropped to $3.995, which would put Bethenny at a financial loss; she hasn’t disclosed how much she spent to renovate the condo. She offered the condo for rent at $13,500 per month in 2017.”
MATTHEW GOLDBERG @MATTATBANKRATE SEPTEMBER 9, 2019
Tony Soprano stashed his money in a bag of bird food outdoors. This may make you laugh, but if you’re keeping money in a bank account that isn’t paying interest, your future purchasing power may also take a hit.
In fact, according to a Bankrate survey in May, nearly a quarter of people weren’t earning any interest at all, and another 20 percent were getting an interest rate of less than 1 percent.
Let’s say you had $40,000 hidden outdoors in 2002, and the money was still there today. Turns out you’d need $56,606.95 to purchase now what you could then, according to the CPI Inflation Calculator from the Bureau of Labor Statistics (BLS). That’s about a 41 percent increase in around 17 years.
So while the crime boss of the television series, “The Sopranos,” knew about many of his enemies — inflation probably wasn’t on his radar.
Your money needs to (at least) keep up with inflation
Over time, inflation eats away at your purchasing power, if you’re not keeping up with it.
That’s concerning since, going back to 1959, there’s never been this much money in savings deposits at commercial banks.
Savings deposits at commercial banks
Savings deposits at commercial banks continue to grow. They have more than doubled in the past decade from July 2009-July 2019, Federal Reserve data show.
(Natural News) Today we’ve published a powerful new video on Brighteon.com that explains how you are a “slave wage worker” owned by a globalist corporation known as the United States of America.
Brighteon.com, by the way, has just rolled out a major upgrade, including new video categories on the home page, video channel subscribes and video like buttons. (Many glitches were just resolved today, and the full feature set is now active.)
The video explains how the ability of the Federal Reserve to create new debt (i.e. print new wealth for the elite political criminals who run everything) hinges on the ability of the government to confiscate wealth from workers who are tracked with “social security” numbers.
The term “social security” doesn’t mean security for you. It means that you are being securitized as a guarantee of future confiscated income to support the creation of new debt. You are the security for the Treasury / Fed scam of creating new money, in other words.
It’s not about providing security for you; it’s about exploiting you to provide security for new debt.
That’s why the social security trust fund is already tapped out. The criminal bureaucrats who run the corrupt government have already spent the money they’ve stolen from you, and the only way you’ll ever get it back is if they continue stealing more money from the next generation of workers.
It’s all a Ponzi scheme, in other words. And like every Ponzi scheme, it will eventually run out of new victims to exploit, causing it to catastrophically implode.
Watch the full video to learn more. NEW: Click the “Subscribe” button below any video on Brighteon.com to subscribe to that video channel (you must be logged in to Brighteon.com to follow channels. Sign up at this link to join.)
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Posted on October 24, 2019 by State of the Nation
The House is falling down!
The U.S. House of Representatives has never seen anything this.
TEARS APART THE HOUSE
AS SCHIFF’S SUBTERFUGE
REARS ITS UGLY HEAD
Never in the history of the U.S Congress has there been such a revolt in the halls of the Capitol.
These kind of cataclysmic events just don’t happen … not anywhere inside the Beltway.
That a large group of normally restrained Republican lawmakers felt compelled to crash the secret impeachment hearings being improperly staged by Democrat Rep. Adam Schiff speaks volumes.
Such an unprecedented disruption of proceedings within the House of Representatives especially foreshadows ever bigger events to come, as in HUGE political earthquakes.
Now that the fuse has been lit by Schiff et al., there’s simply no stopping the tectonic shifts that are soon to shake Washington, D.C. to its rotten core.
In reality, there’s no stopping the war that’s about to break out in the open. Too many thresholds have already been crossed to prevent what is about to transpire across the USA.
Patriots everywhere — know in their bones — that the time has come to take back the country before closet communist traitors like Schiff, Pelosi, Obama, Clinton, Biden, Brennan, Clapper, Rice, Comey, Mueller, Lynch, Schumer, Harris, Waters, Warren, Harris, Sanders, Booker, O’Rourke, Swalwell, McCabe, Stzrok, etc., etc., etc. transform the nation into the USSA where “A” ominously stands for Amerika.
For the uninitiated, the following highly radioactive video provides just a glimpse into this global conspiracy to stealthily collapse the American Republic. This exceptionally prophetic presentation is as serious as it gets and therefore a MUST VIEW.
Adam Schiff: Deep State’s Primo Drama Queen & Cultural Marxist
Although it may appear that this whole melodrama is being directed by Adam Schiff, the Kalifornia congressman is merely a pliant pawn doing the bidding of his NWO globalist masters. See:
Nevertheless, there is perhaps no better demonstration of treason in the House than the nakedly seditious conduct of Intelligence Committee Chairman Adam B. Schiff.
That he’s even still sitting in that extremely powerful chair clearly indicates that “Shifty Schiff” is a key Deep State operative who was strategically placed to overthrow the POTUS.
While such a conspiracy of outright treason has happened before, the day-to-day mutinous workings of Congress have never been so transparent (thanks to the Internet).
Which is what makes this soft coup so surreal: the whole nation is watching this stealthy communist rebellion unfold in real time.
As the frontman for this subversive enterprise, Schiff was specifically chosen because of how profoundly compromised he has been by Pedogate criminal activity.
Hence, it should come as no surprise that the district Rep. Schiff represents includes Hollywood—the Western Hemisphere capital of the Pedogate criminal enterprise.
Really, could the globalists have found a better “Drama Queen” than Adam Schiff?
Every single word the “Grand Inquisitor” utters has been scripted by the CIA’s Mockingbird Media to have maximum effect.
In this regard, Schiff is merely a covert CIA-contracted inside man and virtual “news anchor” providing the daily talking points for mainstream media to disseminate, which those MSM organs of propaganda dutifully do daily.
However, there’s a critical back story to Adam Bennett Schiff, which is of paramount importance to understand if investigators are to grasp the true depth and breadth of the global communist conspiracy driving his unparalleled crime spree. As follows:
On a purely personal level, it’s also significant that Schiff has been utterly humiliated by his woefully failed attempt to legitimize the patently fake “Russian collusion” narrative.
No representative in U.S. Congressional history has been so politically devastated as Schiff was when he was exposed as a serial liar, pathological prevaricator and coup co-conspirator.
And, yet, he not only maintains a seat in the House, he’s still the Intel Chair—WOW!
How does that happen except according to a blueprint undergirding a highly organized conspiracy to overthrow President Trump. See IMPEACHMENTgate: The Scandal Is Much Worse & Plot Much Thicker Than Anyone Knows
Revolt in the House
Also known as the Purple Revolution, which was inaugurated by Comrade Clinton and her Pedogate partner-in-crime and husband Bill during her extremely provocative concession speech on November 9, 2019, this evolving soft coup to depose Trump proceeds at breakneck speed.
Because of the dramatic uptick of covert operations being undertaken to topple Trump at all costs, GOP members of the House know their own asses are on the line. Should Trump be overthrown, the Republican Party will be effectively dissolved by a soon-to-be engineered Democrat majority in all three branches of government.
*Just like the Bolshevik Revolution of 1917, should these violent marxists ever seize power again, they will first concentrate it, and then consolidate it, in such a way that the US government will morph into a totalitarian form of communist tyranny practically overnight.
The Republican House and Senate leadership surely see the writing on the wall. They have witnessed despotic conduct on an order never experienced before within the once-hallowed halls of the United States Capitol. See:
In light of the kangaroo court proceedings being conducted by Schiff and his many Democrat and RINO accomplices, the conservative Republicans understand that there’s only one way out of the mess. And, as this predicament worsens by the day, the vital window to take the Democrats to task for their unmitigated coup d’état is rapidly closing.
KEY POINT: For the conservative caucus to take such an extraordinary initiative as crashing Schiff’s secret inquisition means the party is over for the Democrats. Their unbridled arrogance and chutzpah will eventually be met with overwhelming force, if need be. The exact time and the place are yet to be determined so as to take them down with the element of surprise.
The Democrats have already shown that they are going all out to remove Trump.
If they’re successful, everything changes in a day and a night.
While Deep State has executed this soft coup with amazing precision, they are prepared to pull out all the stops at any time. All of their henchmen are disposable in this winner-takes-all endeavor.
If and when the other shoe drops, the violent bolsheviks will most certainly be let loose according to a scenario not too unlike this: Mass Casualty Event Planned by the Left as a Provocation to Violently Attack the Right
The bottom line here is that the President must quell this communist-incited rebellion before it gets totally out of hand. Truly, It’s time to invoke the “Insurrection Act” … before it’s too late!
Should Trump not act pre-emptively, a decisive moment will have passed to avert a Second American Civil War. And, there will be much unnecessary pain and suffering throughout the Republic.
Therefore, the single most effective move that Trump can make at this defining moment is this: Soros Must Be Arrested, Prosecuted and Imprisoned to Prevent Civil War
Along with the incarceration of Soros, Schiff, Pelosi, Clinton & Company, measures can also be taken to swiftly form
Lastly, the quicker that the Attorney General prosecutes those responsible for CROWDSTRIKEgate, the faster the Democrat house of cards will fall—FOR GOOD. 
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Report date: 10.21.2019
The [DS] is pushing impeachment, with no vote, they are panicking because they know that the IG report and the Declas are coming. Romney has a secret Twitter account. Trump drops clues at his rallies. The MSM is now getting ahead of the story. The patriots want Schiff to step down. The troops are being withdrawn from Syria and Afghanistan. Pelosi, Schiff and other try to undermine Trump in Syria. Another piece is being added to the puzzle, this is needed.
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