Rogoff & Reinhart documented the numerous times in history when empires reached 90% debt to GDP ratios and provoked debt crises which initiated their collapse. We’re at 98% today, rapidly accelerating towards…. When does this shitshow of debt come crashing down? Who knows. But I’d guess within the next ten years of this Fourth Turning. Once the dominoes start to fall, the global contagion will be impossible to stop. Enjoy the show and buy more ammo.
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98%? I’ve heard as high as 120%.
This is just federal debt held by the public. You are right. Total debt to GDP is 130%.
What do I win?
You win a trip to Ukraine to visit Zelensky.
😝🤣
Everyone can make $98 or more in a month. I am a full-time college student$$
Everybody copy & open now……..𝐆𝐞𝐭.𝐒𝐚𝐥𝐚𝐫𝐲𝟒𝟗.𝐜𝐨𝐦
who works 3 to 4 hours every day on this job and earns thousands of dollars per month
Right on right on, my brother.
Why the need to put that you’re the real deal? Can’t anyone copy it?
Sometimes I give people way too much credit.
Free trip to the poorhouse!
I’m terribly sorry, $32T (debt 2022) divided by $25T (gdp 2022) equals 1.28, or a debt to gdp ratio of 128%.
Please try again later.
It should be added that debt/gdp is a useless measure given that annual debt increases (deficits) accounts for a significant portion of GDP.
Debt/debt, anyone?
Gov. spending is a key component of GDP metrics. I think that’s what you are alluding to.
Where does the Gov. get it’s money to spend ? Taxes and creation from thin air for the rest.
The collapse will start in Asia. China is beginning a massive program of QE and was already worse off than us. They also lie about their economic status worse than us. Countries start wars as work arounds for many types of problems. Look out Taiwan.
Fed holds rates steady, pivots toward rate cuts 2024.
EXACTLY like I have been saying here for 6 months.
All you “ rates HAVE to go up “ … people suck on it !!
All US markets UP !
I’m terribly sorry, but the national debt is $34 trillion and I explained the difference above.
I think you also have to add in the inflation tax on the bonds. So, the real federal deficit should be less and perhaps in surplus at the on set of inflation. However, as inflation is reduced , the windfall to bond holders makes real budget defits larger in subsequent years. See Freidman ” Money Miscief”. I think if we look at it this way, we will see 100 billion wasted in Ukraine as a much bigger expenditure then people perceive it.
usdebtclock.org is quite current.
Irrelevant.
ADMIN-If TPTB reset to a new currency, what difference does that make. Please explain in detail, TIA.
Admin- Question 2……. If your mortgage contract states it is payable in USD and they change the form of currency, does that void your obligation under USD?
“When does this shitshow of debt come crashing down? Who knows. But I’d guess within the next ten years of this Fourth Turning.”
You are more optimistic than JHK! You been hitting the bong? I’ll take the under on the 10 years.
And thanks for the best website on the ‘net.
At first glance I thought the guy on the couch was spanking the monkey. That would have been even better!
I thought the 90% claim was retracted, after others found an error in their Excel worksheet?
TPTB tried to discredit their work. They failed.
Haha
Ahem.
At the time I looked at the Excel worksheet provided by Rogoff & Reinhart, and they really had added one line at the bottom but hadn’t expanded the SUM() correctly in every involved column. I don’t remember every detail, but if you’d fixed the rookie mistake the purported 90% “limit” was at least not so clear-cut anymore.
BREAKING NEWS! THE TWELVE LARGEST U.S. BANKS CEASE CREDIT CARD SERVICES: WHAT’S HAPPENING –
HOKANEWS.COM December 10, 2023
hokanews.com – On December 14, the abrupt decision by the twelve leading banks in the United States to halt their credit card services has sent shockwaves across the financial world. With the decision set to take effect at midnight on that date, both the public and financial stakeholders find themselves in a state of bewilderment: what exactly is unfolding?
https://www.hokanews.com/2023/12/breaking-news-twelve-largest-us-banks.html
The following table lists the 100 largest bank holding companies in the United States ranked by total assets of June 30, 2023 per the Federal Financial Institutions Examination Council; their market capitalization is also shown.
As of June 30, 2023, there were 4,071 commercial banks and 574 savings and loan associations in the U.S. insured by the Federal Deposit Insurance Corporation (FDIC) with US$23.5 trillion in assets.[1] There are a few other banks not FDIC insured, e.g. Bank of North Dakota (state-owned bank).
https://en.wikipedia.org/wiki/List_of_largest_banks_in_the_United_States
Babylon Bee got renamed to hokanews?
Ace reporter Phlegm Loogie reporting for Hokanews.
The story is on other sites.
The story is on other bullshitting sites.
FIFY
BREAKING NEWS !!!
Dew weapon drones seen hovering over Bank of America branches !
Boston Dynamics robot dogs seen hanging around New York city ATM’s !
Jay Powell’s mask falls off and reveals his reptile facial features !
Janet Yellen recalls her role as a Munchkin in “The Wizard of OZ” !
—subscription required for further access—
THE HIDDEN AGENDA BEHIND THE MAUI AND TENERIFE FIRES
2 OF 4 EXOTIC GLOBALIST FORTRESSES ARE TORCHED – ONLY 2 MORE CLIMATE SCAMS TO GO
Great article on Maui – https://www.nutritruth.org/single-post/did-blackrock-vanguard-or-statestreet-have-anything-to-do-with-the-hawaii-fires
MAUI – Blackrock and Vanguard – Hawaiian Electric
https://finance.yahoo.com/news/heres-hawaiian-electric-industries-inc-121047145.html
https://finance.yahoo.com/news/hawaiian-electric-stock-plunges-again-190233101.html
https://www.hawaiianelectric.com/Documents/about_us/company_facts/power_facts.pdf
https://fintel.io/so/us/he/blackrock
Canary Islands – CEPSA Electric – Carlyle (Blackrock/Vanguard)
https://tinyurl.com/4exmdvzb
https://www.reuters.com/article/us-cepsa-m-a-carlyle-exclusive-idUSKCN1QM1Z6
Remarque88 Channel – https://www.bitchute.com/channel/GISyVy9bw05Q/
Banker’s run on blue paint!
Greg Hunter explains the 12 banks announcement in the opening of the interview:
DEATH TOUCH FOR GLOBAL DEBT COMING – Steve Quayle
By Greg Hunter On December 12, 2023 In Political Analysis 6 Comments
By Greg Hunter’s USAWatchdog.com
Donnahue George Stocks Real Estate Health explains the 12 banks announcement in the opening:
12 US LARGEST BANKS WILL STOP USING CREDIT CARD PROCESSING SERVICES AT MIDNIGHT 12/14 COINCIDENCES?
First of all, both of these guys look totally wasted.
Second of all, you are going to look really stupid Friday morning.
How is the Lahaina fire victims/DEW weapon investigation lawsuit going?
Haven’t heard much from the families of the hundreds and hundreds of unaccounted for missing and presumed dead people either. Maybe they have been located?
Second of all I put up three sources of an interesting supposed move by the Banksters…Greg Hunter has an established rep and is the strongest of the three…and if it doesn’t happen…oh well I will be fine. I come here to learn, banter, put up interesting links, once in a while a thread, read stories, tell some, and have fun…weary of your ilk.
I have tried twice (e-mailed Admin twice) to put up some deep investigation on Maui – with many links supporting it. It was gone?
Here it is…without the many links that you will have to click on to open make sure after/if you watch it also read the links. You may learn something.
THE HIDDEN AGENDA BEHIND THE MAUI AND TENERIFE FIRES
2 OF 4 EXOTIC GLOBALIST FORTRESSES ARE TORCHED – ONLY 2 MORE CLIMATE SCAMS TO GO
Mark- That is exactly what I reported all along about the takeover of the warm island paradises by the satanists. That fellow just doesn’t throw in the fact that the Earth is cycling back into the big freeze again.
BL,
Yep.
This guy (as another regular has said) has HOT TAKES on everything about TLPTB.
His vids are short, intense, and succinct with a staccato 0331 delivery.
https://www.bitchute.com/channel/GISyVy9bw05Q/
Mark and BL….get a room.
KM- Get a life buttplug.
BL and mark …hey shit heads!…..Fed holds rates steady, pivots toward rate cuts in 2024.
ALL markets UP !
Friday morning you and your boyfriend mark will look like the total idiot, doom porn absorbing , hate your life and want to spread misery to others, almost dead curmudgeons, that you are.
The collapse is coming, but not till next year, so adjust accordingly and slow down your drinking yourselves to death.
Suck on that keyboard warriors and Merry Xmas!
WORD ! LOL !
Powell is talking right now (12pm Pacific time) Totally tail between his legs!
But wait!!!! Total economic credit meltdown Friday !
As if it would happen on a Thursday night and not on the weekend, makes total sense , NOT.
Another bedwetter falls in the door…… I never said the Fed would not cut rates, dogbreath. Why are you shills so worried if I speak to Mark??? Do we rake up too much truth for you paid trolls? Get a f’n life and just because I know it chaps your ass so raw (which is interesting WHY(?)) I will make it a habit of talking to Mark in every thread in which he posts. GFYA
REMEMBER LAHAINA……asswipe.
MOMMY!! He was beewing MEAN to me!!
Waaaaahhhwwaa!!!!
YOU remember Lahaina because nobody that wasn’t there won’t.
And I thought formerly anony was the most retarded of the two.
REMEMBER LAHAINA!!!!! Everyone here remembers Lahaina, shill.
Remember today what you said about Friday morning.
“I’ll be back” to ridicule your sorry ass, brainwashed, old man waiting to die, your misery, shit head, doom porn sites.
Your track record SUCKS.
Post your win/loss record asshole.
Go ahead, I dare you, you probably can’t even remember you post so much shit here.
I didn’t say a damn thing about Friday morning, jerkoff.
LOL !
Downvotes = Badges of honor
This place is a never ending provider of comical entertainment and a gauge of current failure to accept real time perceptions of the human condition.
FOMO, or can’t participate due to lack of interpretation of relevant, accurate, input and wanting things you can’t have and fear of losing what you already have, is driving society insane.
“I’m telling you is 12 of the largest US Banks have notified the credit card provider that as of midnight December 14th they will no longer be needing their credit card processing services. Now why is that I am not 100% sure…”
Sounds like those banks decided to cut out the middle man…
THIS WILL IMPLODE THE FINANCIAL SYSTEM, I’m telling ya!!1!
Soooo …. spend today and tomorrow maxing out your credit cards.
Let us know how that works out.
No credit cards will work starting tomorrow?
Who knows Donkey…I found three sources that claim that…and if you listen to the Greg Hunter interview they go into detail about this graphic I have been posting for a couple of years.
Click on to enlarge:
I put it up to warn TBP just in case…of course the usual mocking bird suspects started cawing.
I have been using cash as much as possible for years, have a six months stash of it at home (and everything else for up to a Mad mark worst case) have long been 99% out of my bank (no. 9 on the list of banks I posted above) and have a backup small amount of fiat in my credit union (that I am considering pulling as well – will wait to see if this is real or Memorex.)
Maybe some others can do some digging…I have a Turnip crop to harvest and a puppy to play fetch with.
Hold that Silver Donkey Balls! Whip! Glock!
No comment on the Fed’s decision today Mr. Economic genius? Economic meltdown this Friday?
The silence is deafening.
Dude…4TH source below mocking birds…if it’s true or not it doesn’t affect me…long prepared for an eventual credit crash…just posting links that say the same thing…it’s called ‘RESEARCH’…NONE OF THE LINKS ARE FROM ME…PISS OFF.
If you think you can time this…you are dead wrong. I have no idea if this is acually going to happen, but one day it will…I have no doubt about that.
12 OF THE LARGEST BANKS IN THE US SHOCK PEOPLE
https://www.healththoroughfare.com/disease-medicine/12-of-the-largest-banks-in-the-us-shock-people/69869
It has been just revealed that 12 of the most important banks in the US have notified their customers that they are ceasing to require their services – this is effective midnight on Thursday, December 14th. Check out the latest reports about this below.
Shocking news in the banking sector
Check out the following post shared on the social media platform X:
The post on Twitter continued and said the following:
“The mainstream media (MSM) won’t release this information, making private channels the sole source. Every employee in financial institutions is bound by non-disclosure agreements (NDAs). While some remain tight-lipped, others are so enthusiastic about the positive developments that they can’t resist sharing the information with friends or family. I make an effort to verify the information I publish with at least one additional source. The decision to believe it or not, or to conduct your own investigation, is yours.”
Someone else said this: “Banks are shutting down branches in rural areas in the UK. Not profitable. Not so many people use banking services or cash at a branch. A lot more on line. This helps wean people off cash and sets trend for the upcoming CBDC era.”
It has been just revealed the fact that the EP and member states have reached an agreement about digital ID. Check out the latest reports and the video below.
EP and member states on the digital and CDBCs
Here’s the post, which includes the video on the social media platform X.
“The European Parliament and Member States just reached an agreement on introducing the Digital Identity, #eID. Directly afterward, #EU Commissioner Breton said: “Now that we have a Digital Identity Wallet, we have to put something in it…”, suggesting a connection between #CBDC and eID. They ignored all the privacy experts and security specialists. They’re pushing it all through,” the post notes.
The same person continued and said: “I am not optimistic. But it is not too late yet. Parliament still has to vote about this. Let your MEP know that you oppose the Digital Identity and that you want your MEP to vote against it!”
CBDCs are part of the elite’s plans included in the New World Order.
We strongly suggest that you check out the threats of the NWO in another recent article in which we address the debate between Alex Jones and Tucker Carlson on the matter.
And yet you continue to post long winded shit in an attempt to prove a point that you can’t back up.
Get a clue !!!
You and your type post this crap for shock value only, because you are miserable and unfortunately other impressionable types eat it up and up vote you. Congratulations! Does that make you feel good?
Friday beckons and none of the journalistic diarrhea you orgasmically posted will have come true.
Be proud and hide behind your excuses about how you just post things that you read to warn others,
EVEN IF IT’S SHIT.
The DOW just closed at a record high.
formerly anon knows about shit, oh yeah, he was serving it up at Burger King like the TSA goons before he was recruited to harass people on the internet. You want cheese on that retard?
Thanks for proving my point.
Kind of makes me sad.
This country is so fucked
You never had a fuckin point, troll. What exactly is your point retard? That’s right you don’t have one because you are a ex-burger flipper at BK who gets paid to stir shit and cause trouble.
Changed your comment asshole? Oh, formerly burger flipper anon has a sad on. I bet you’re sad because you still want to feel up guys at the airport before they board. Life sucks when you get transferred out of your dream job, amirite?
Let me attempt a reply. The government is facing a huge debt rollover and it simply could not afford swaping 2% debt for 6 or 7% which is the historical standard for 10 year debt.So, the decision was made to ease rates to facilitate the debt refunding. You will see persistent inflation and a loss of purchasing power. They decided to continue to incinerate the dollar. I was 21 in 1971 when Nixon temperorily closed the gold window. It now takes 1 dollar to buy what 1 cent bought in 1971. More to come.
Your last sentence is so far off, I don’t know what to say other than you are a direct result of public education indoctrination.
God help us but even that won’t be enough.
mark,
My late father inlaw was a video guy. Did all his life as a career. One of the last videos he created was of a Dr. he knew in NJ who went on the record about covid and how to deal with it without getting the jab. I asked him if I could post it on TBP. He said yes. So I did. I sent him the link so he could see the site (TBP) that I posted it to. Within 10 minutes, he texted me and was quite unhappy that I would post the video to such a “ridiculous” site. I asked Admin to take it down which, to his credit, he did immediately.
The reason I am telling this story is because I wrote my late father inlaw an email explaing that the world we currently live in is not the same one he thought he was currently living in. I told him that the truth is like a slippery wet fish, not unlike the truth. I told him that the truth, or as close as one can get to the truth anyway, is found while sifting through gobs and gobs of gems and trash. You have to look at many sides of a thing before you can discern what you “THINK” is the truth. I told him that TBP is such a place. Where all kinds of things can be posted so a person can “SEARCH” for the truth. HOPEFULLY finding a shard or 2 of truth throughout your travels.
He scoffed. He was a really great guy made for a different time.
Another interesting tidbit of information: I told my father inlaw that his Dr. friend was only about a year and a half behind TBP because all of us here already knew what the Dr. was “revealing”. I told him that maybe, just maybe, his Dr. friend got all his talking points from TBP. He did not like that too much and told me so. I had to tell him that though. Even though he was my father inlaw that I had much respect for. The truth must always be defended. Against all comers.
I hope what you posted is untrue. But a part of me hopes that it is true also because I believe debt/fiat is the cancer that is killing us.
mark,
My late father lost his right leg at Normandy and he taught me to recognize and smell bullshit when it came around. You, sir, raise suspicion.
Dude,
Go find a bridge to live under.
But not the one mark is living under!
Donkey Balls (I always thought that was your best handle)
I started becoming a Conspiracy Realist researching the Tonkin Gulf false flag incident…having fought there as a grunt I wanted to know the truth as that was the justification for the death of close to a third of my company, with close to another third severely wounded for life…and almost everyone being hit once to multiple times. I came home traumatized. Once I confirmed so many lies about that war I found ‘War Is a Racket’ by the greatest Marine, and of course he pointed me towards the Banksters. As the years/decades passed and I researched the Fed (and Precious Metals/fiat history and all the central banks) and one False Flag/true conspiracy after another I had gone down many rabbit holes…when the internet reached my home…I was off to the rabbit hole races.
When I stumbled onto TBP I found many kindred souls and likeminded who knew true history and also realized the complete and total extent of the lies we were living with and under.
I found very few family and friends who weren’t deceived…but many here who not only weren’t deceived…they were bold and fearless in their comments…everyone know we are making lists for posting here.
So you are certainly right about TBP being ahead of the curve…Admin is a no nonsense truth bomb machine…and this is one of the first places I go to for news, truth, opinions, banter, debate, stories about experiences, humor, wit…but now too many caustic trolls.
Now what I posted seems to me to be too early to be true…but I’m convinced a credit collapse is coming but no one knows when. The fact Greg Hunter led with it in his video, considering his background as an investigative reporter and his reputation, made it worth posting. I know there are probably hundreds of TBPers who follow him.
I hope it doesn’t happen as well, I have been prepping for what is coming a long time, but do not look forward to what is coming, but I am determined to provide water, feed, shelter, and defend my family.
If you ever visit that cantankerous covidian mother-in-law stop by on the way down or back and we will bend our elbows. Two other regulars have been here…and besides you I e-mail and or talk on the phone with close to a dozen others. Best place to hang on the internet.
You’re the man, mark. Don’t stop being you. Respect.
Donkey,
Here is what Greg Hunter has posted about what the 12 Banks are cooking up, it contains the fifth source I found researching this. Seeing this from him and considering the other sources I posted it is a big buzz to be aware of.
One quote in his interview of Steve Quayle I like is:
“I don’t believe there is a political solution to a spiritual problem.”
I believe that is 100% correct.
Whether this happens now or in the future fore warned is forearmed as there are many steps that can be taken to minimize the damage TLPTB (L=Luciferian) Banksters have done and are doing. They have told us we will have nothing…fuck’em!!!
Pay off debt, keep some serious cash at home, get out of the big banks and into a Credit Union or just pay bills through the Big Banksters, Prep as best as you can, arm and ammo up, and TRIBE UP! There is a great struggle coming.
Here is Hunter’s public statement on where the warning came from, and some more details:
GREG HUNTER
Quayle got this from his sources. Here is another source to back this
Up.
https://annavonreitz.com/whattodoaboutit.pdf
The lying Legacy Media is silent about this.
Greg
WHAT TO DO ABOUT IT By Anna Von Reitz
We have now confirmed from half a dozen sources that the twelve biggest banks in America have notified the major credit card companies that they will no longer be using their services as of December 14.
This has occurred in tandem with another kind of reset planned for December 15th— which would set the exchange rate at 1:1 for all world currencies.
This will grossly devalue all Federal Reserve Notes wherever they are. The idea is to establish parity for all National currencies and provide an exit for the Federal Reserve Note being the “Reserve” Currency.
It will do you no good to run to the bank and try to get your money out as cash. Whether cash in hand or on a ledger it will be devalued just the same. The banks are unwilling to extend consumer credit or home loans or any other kind of credit because they do not want to be paid back with devalued money.
Bear in mind that this whole situation is their fault together with the politicians and business moguls who have been bilking the public in honor of corporate greed for the better part of 150 years. Also bear in mind that as Americans, you are owed absolute parity with the FRN just as it stands.
So what to do?
Take screen shots of your bank account balances or go to an ATM on the 13th and get a paper receipt showing your account balance on that day. The massive credit crunch created – willfully- by these 12 banks, coupled with the devaluation, will collapse the housing market and real estate values, that will in turn collapse the derivative market and all those “mortgage backed securities” will finally be recognized as worthless —-and that will collapse all the pension funds. And that will take down the stock market.
But don’t despair or panic.
Remember the credit side of the ledger you are owed and all the “heritage” and “legacy trust” and off-ledger money you are owed. The Bilateral Bank System is able and ready to distribute Prosperity Cards and other prepaid credit and asset accounts to tide you over. As you are reading this stay calm and prepare by laying in some extra grub, fuel, water, and whatever else you may need.
Yes, the Tin Hats were right again. Just as the Brits are at the bottom of every dog pile…. The Tin Hats have been right all along.
The tragic thing is that all the chaos and suffering that will inevitably result before this mess can be straightened out, could have been — and might yet be avoided — simply by a process of lawful conversion.
If the Officers and Boards of Directors of these banks are arrested before they can make this move and more intelligent heads rule the day, then all this drama and nightmare can fade away. The entire world can be spared a devastating collapse simply by bringing the credit side of the ledger forward and distributing the prepaid credit and asset accounts that are owed. This would allow the banks to stay in business and make a decent, safe, lawful profit serving their communities. It would flip the debt ledger on its head and open up supply lines, restore public faith, and enforce lawful government. Let’s vote for that. And if the people who call themselves “White Hats” are anything of the sort—- let’s see those arrest warrants and talk some sense into these twelve biggest banks in America. –
See this article and over 4500 others on Anna’s website here:
https://www.annavonreitz.com/
Seems to be a news blackout on this story.
If they canceled millions of credit cards….
…. that would be something!
Seems to be a blackout on mark and his boyfriend BL right now.
Hmmmm………Lahaina DEW weapon hangover or just general stupidity and the inability to decipher accurate information from pure bullshit.
I am going to guess it has something to do with this story:
https://www.forbes.com/sites/chriswestfa
ll/2023/12/06/major-banks-face-questions-on-excessive-overdraft-and-hidden-fees/
The Senate Committee on Banking, Housing, and Urban Affairs is conducting its annual oversight of Wall Street Firms today, and there are concerns regarding hidden fees, overdraft charges and other so-called “junk fees”. These junk fees can included late credit card charges, fees for overdrawn accounts, late fees and other charges that consumer protection groups have called “excessive”. In light of rising inflation, penalties from banks can be another drain on the wallet. Are these fees too high – or a necessary payment for clearly defined services?
Did they typo and mean to write 12.17.2023? I’m typing this comment with my phone and it is 12.15.2023. I don’t disagree that it will, but damn.
For years, many in Washington and on Wall Street assumed that investors would buy any number of bonds the government issued, no matter the fiscal outlook. Testing that assumption: the sale of $20.8 trillion of new Treasurys in the first 11 months of the year—set to surpass 2020’s record of just under $21 trillion.
“Enjoy the show and buy more ammo.”
Good advice,and with millions spending monies buying more ammo we keep the broken economy going just a little bit longer!
Oh,and keep building your clan!
Those foxes will kill your cats dude, and buy ammo now cause it’s starting to go up, up, and away again.
Global Gunpowder Shortage To Drive Ammunition Prices Up
Minnesota-based Vista Outdoors, which owns several firearms-related businesses said in an interview with Newsweek magazine that it is about to enact an across the board increase in ammunition and gunpowder prices, beginning on January 1st.
Brett Nelson, vice president of sporting product sales at Vista Outdoor’s, was quoted as saying in a letter, “Due to world events our suppliers have notified us of unprecedented demand for and an anticipated global shortage of gunpowder, and thus has increased our prices substantially. We must therefore raise our pricing to help offset those increases.”
The report said that Remington, Alliant Powder, CCI, Federal, SEVI-Shot, and Speer were just some of the companies which were expected to be increasing their prices soon.
Yay!
More fear porn.
Problem claim-powder will be more expensive next year.
Reaction-Crap, I better stock up.
Solution-Ammo sales increase, driving a price increase due to increased demand.
You guys fall for it everytime.
What’s really going on?
They overmanufactured product, and now have warehouses full of ammo.
What better way to dump it at an even higher price than to build upon claims of impending shortages?
Plausible.
Actually,a lot of folks buy when the prices lower,they have stocked now for decades and thus do not respond to fear buying,they are already all set.
Oh shit………,I can see the ceiling in one of my closets!
I actually had a young fox who would visit home when i had a kitten,they became buddies for years,was moments like that made life worth bearing!.
Sadly the fox one time never returned and a few years later Byron died.
I do know that for most part not a good mix!
Paul K-rug man is loving it!
Even better than building a death star, for the GDP!!
Heard on business news this morning when discussing real estate, “At 7% interest rates home prices would have to fall 30% to return to the long-term affordability price”. I assume they are talking about the income/mortgage debt ratio and using median numbers.
Another thing that I gleaned from the interview is that the real estate market is locked up. Few are leaving their 2%, or paid off, homes for 7% mortgage. To sell homes builders have had to resort to alternate financing methods, which itself risks catastrophe.
30-somethings and younger are fucked. They either need the 30% value crash or mortgage rates to crash to get people moving and open up homes they can afford. Neither can happen without crippling the economy which will hurt those same buyers just starting on the career ladder the worst.
It is all relative, especially in the age of the interconnected global finance system. At what point does the USA go from having the safest debt to being second best? Regardless the growth rates of various metrics that may alarm us that is the one point in time when the shit really hits the fan.