America Hit By Recession! | Call Me Stormy
In a SHOCKING new report, a Dartmouth professor says America is in a GREAT RECESSION. Professor David Blanchflower warns that the US will enter a recession by the end of 2021. Learn about the coming recession and what it means for you! In other news, Jen Psaki, the spokeswoman for the deadbeat Biden administration, gets SLAMMED by critics after downplaying the supply chain crisis...

World could face disastrous financial crisis in 2023 on same scale as devastating 2008-2009 economic crash – Russian central bank — RT Russia & Former Soviet Union

The world might face a financial disaster comparable with the
2008–2009 crisis because of problems accumulated over the last 18
months, which are a byproduct of measures implemented by governments to
battle the spread of Covid-19.
That’s according to the
Central Bank of Russia, which published a Monetary Policy Guidelines
draft report on Wednesday. According to the institution, the world
economy could enter a crisis scenario due to both the increase of global
debt held by countries and the increasing number of companies with weak
financial soundness.

According to the draft, the bank has
developed four separate scenarios for the near future, up to 2024.
According to its so-called ‘baseline’ scenario, a recession is avoided
as countries achieve their vaccine targets and advanced economies shift
toward monetary policy normalization.

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However, the other three possible scenarios paint a decidedly
grimmer picture. In the first instance, the pandemic worsens
significantly causing an economic crash worldwide. In the second, the
pandemic improves, but problems accumulated over the pandemic
deteriorate the economic situation considerably causing a rise in
inflation. In the third, monetary policy normalization by advanced
economies is accompanied by unsteady dynamics in financial markets,
causing a lack of confidence in investors. This is the worst of the
three negative scenarios, the bank says.

Russia’s economy is
suffering from stubbornly high inflation, which currently sits at 6.5%,
and has been blamed for eating significantly into living standards in
the country ahead of upcoming parliamentary elections.

In July,
Central Bank of Russia Governor Elvira Nabiullina revealed that the
institution would be hiking its rate to match its key interest rate to
the 6.5% annual inflation rate in a bid to encourage saving and
discourage borrowing. The bank wishes to get this figure down to the
publicly announced target of 4%.

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And Now Prices Are Really Soaring: June Rent Jump Is Biggest On Record
And Now Prices Are Really Soaring: June Rent Jump Is Biggest On Record With BofA predicting that the US is facing a period of “transitory hyperinflation“, one which could last as long as 4 years, as a result of soaring commodity prices in everything from metals to food and beyond, in what increasingly more warn […]

Biggest Beat On Record: Consumer Credit Explodes Higher As Americans Rediscover Their Love For Credit Cards

Earlier this week, when looking at the latest BofA card spending data, we observed that “whereas previously the bulk of the upside spending game from debt card outlays, in recent weeks we have seen a solid increase in credit…

America’s Upside-Down Economy Just Took Another Bizarre Turn

…More than 100,000 businesses have permanently shut down, approximately 10 million Americans are in danger of being evicted from their homes, and weekly unemployment claims have been above the old record set in the early 1980s every single week for nearly an entire year.  Meanwhile, the absolutely insane polices that the Federal Reserve…

Bargain-Hunting Millennials Jump At Cheaper San Francisco Rents

…The folks who are moving back are taking advantage of deeply discounted rents and high concessions offered by landlords desperate for new tenants.  The return of people to the metro area […]

Disturbing Night Footage Of Philadelphia Is A Glimpse Of America’s Democrat-Run Future – Nwo Report

Every large city in America will turn into a third-world hellhole if the globalist agenda is accomplished

Source: Kelen McBreen

A viral video out of Philadelphia, Pennsylvania shows the run-down state of the Kensington Avenue area of the city after sundown.

Another once-great American metropolis fallen due to Democrat policies, the City of Brotherly Love now looks more like a scene from an apocalyptic zombie film.

Credit Crisis Spreads As Largest Texas Power Co-op Files For Bankruptcy

By Tyler Durden The Arctic blast and severe winter storms that pounded Texas weeks ago have claimed another victim as the credit crisis widens. Texas’s largest power… Credit Crisis Spreads… Go to Source Author: Activist Post… Read more

CORPRO-FASCISM: How to Crush a Bankers’ Dictatorship, A Lesson From 1933 – By Matthew Ehret (Archive) | RIELPOLITIK

How the 1929 Crash was Manufactured

…The bubbles of the 1920s were unleashed with the early death of President William Harding in 1923 and grew under the careful guidance of JP Morgan’s President Coolidge and financier Andrew Mellon (Treasury Secretary) who de-regulated the banks, imposed austerity onto the country, and cooked up a scheme for Broker loans allowing speculators to borrow 90% on their stock. Wall Street was deregulated, investments into the real economy were halted during the 1920s and insanity became the norm. In 1925 broker loans totalled $1.5 billion and grew to $2.6 billion in 1926 and hit $5.7 billion by the end of 1927. By 1928, the stock market was overvalued fourfold!

When the bubble was sufficiently inflated, a moment was decided upon to coordinate a mass “calling in” of the broker loans. Predictably, no one could pay them resulting in a collapse of the markets. Those “in the know” cleaned up with JP Morgan’s “preferred clients”, and other financial behemoths selling before the crash and then buying up the physical assets of America for pennies on the dollar. One notable person who made his fortune in this manner was Prescott Bush of Brown Brothers Harriman, who went onto bailout a bankrupt Nazi party in 1932. These financiers had a tight allegiance with the City of London and coordinated their operations through the private central banking system of America’s Federal Reserve and Bank of International Settlements.