Tag Archives: Economy


You can’t just keep printing money out of thin air and keep bailing everyone out and not expect hyper inflation at some point! History always repeats itself and now the US (and the world) are headed to great depression and worse inflation levels as raw materials go through the roof! Here are some excerpts from a report I received from a subscriber from kingworldnews.com

Photo by Gabby K on Pexels.com

Buckle up, we are headed into some serious inflation as one industry professional said, “Things are now out of control. Everything is a mess, and we are seeing wide-scale shortages.”

March 1 (King World News) – Peter Boockvar:  The February ISM manufacturing index rose to 60.8 from 58.7 which was two points more than anticipated and compares with 60.5 in December. As inventories remain lean at around 50 and customer inventories at just 32.5, New Orders rose 3.7 pts to 64.8 and Backlogs grew by 4.3 pts to 64. … Stress remains on the supply chain as Supplier Deliveries rose by 3.8 pts to 72, the 2nd highest print since 1979.

Throw another $1.9 Trillion of government spending on top of that. Inflation breakevens are rebounding with the 5 yr level up 3.3 bps after Friday’s 6.4 bps rise. At 2.46%, that is the highest since April 2011 and is just a few bps from the highest since July 2008, which you know when, oil was…

These supply problems and cost pressures dominated the commentary from companies asked:

“Prices are rising so rapidly that many are wondering if [the situation] is sustainable. Shortages have the industry concerned for supply going forward, at least deep into the second quarter.” (Wood Products)

“The coronavirus [COVID-19] pandemic is affecting us in terms of getting material to build from local and our overseas third- and fourth-tier suppliers. Suppliers are complaining of [a lack of] available resources [people] for manufacturing, creating major delivery issues.” (Computer & Electronic Products)

“Supply chains are depleted; inventories up and down the supply chain are empty. Lead times increasing, prices increasing, [and] demand increasing. Deep freeze in the Gulf Coast expected to extend duration of shortages.” (Chemical Products)

“Steel prices have increased significantly in recent months, driving costs up from our suppliers and on proposals for new work that we are bidding. In addition, the tariffs and anti-dumping fees/penalties incurred by international mills/suppliers are being passed on to us.” (Transportation Equipment)

Here were the pricing comments within the Markit measure of US manufacturing:

“goods producers registered a severe uptick in cost burdens. The rate of input price inflation accelerated to the sharpest since April 2011. Higher raw material prices, notably for steel, and increased transportation costs were widely linked to the rise. The recent strengthening of demand allowed firms to partially pass on higher costs to clients through the fastest rise in charges since July 2008.”

Like the headline said, buckle up! It’s going to get worse from here as we go farther into the end times! Prayed up and prepped up!

Deutsche Bank Death Watch Update, They’ve Lost Almost 4 BILLION Euros in 2019

That Umbrella Won’t Save You

From Michael Snyder at the Economic Collapse Blog

The biggest bank in Europe is in the process of imploding, and there are persistent rumors that the final collapse could happen sooner rather than later. Those that follow my work on a regular basis already know that this is a story that I have been following for years. Deutsche Bank is rapidly bleeding cash, they have been laying off thousands of workers, and the vultures have been circling as company executives desperately try to implement a turnaround plan. Unfortunately for Deutsche Bank, it may already be too late. And if Deutsche Bank goes down, it will be even more catastrophic for the global financial system than the collapse of Lehman Brothers was in 2008. Germany is the glue that is holding the EU together, and so if the bank that is right at the heart of Germany’s financial system collapses, the dominoes will likely start falling very rapidly.

Here is a video I did based on what I reported yesterday and this update today.

RUMOR Mill Says Deutsche Bank in Bankruptcy Proceeding

There are RUMORS coming out of Germany this afternoon that Deutsche Bank has ALLEGEDLY filed Bankruptcy. This wouldn’t surprise me the bank posted at 928 Million dollar net loss in the 3rd quarter! That goes along with an 18,000 job loss during the same period.

When the banking system does go, whether it’s now or in the near future be prepared for daily life to change drastically! Here is a video I did earlier on the subject. God bless and stand firm!

The Currency War Begins, What Will It Lead to Next?

Trade and currency wars can lead to a hot one fast!

From Zerohedge…Update 2: – China’s central bank has confirmed that it is, indeed, on, saying that it is able to keep the yuan exchange rate at a reasonable and balanced level – whatever that means – while acknowledging that the Yuan plunging beyond 7 per dollar is due to market supply and demand, trade protectionism and expectations on additional tariffs on Chinese goods.

Meanwhile, resorting to its old, tired and worn out tricks, Dow Jones reports that the PBOC will crack down on short-term Yuan speculation, and anchor market expectations.

Which is great… if only the PBOC didn’t say exactly the same back in May, when it warned currenct traders that  those “shorting the yuan will inevitably suffer from a huge loss.

Three months later, it’s currency traders 1 – Beijing 0.

* * *

Update 1 – China is firing all the big guns tonight, because just an hour after Beijing effectively devalued the yuan, when it launched the latest currency war with the US, Bloomberg reported that the Chinese government has asked its state-owned enterprises “to suspend imports of U.S. agricultural products after President Donald Trump ratcheted up trade tensions with the Asian nation last week.”

China’s state-run agricultural firms have now stopped buying American farm goods, and are waiting to see how trade talks progress.

Translation: trade talks, even the fake kind, is now over, dead and buried, and the only question is how Trump will react.

For the rest of the story, go to Zero Hedge HERE.


That’s what I hear when I pray today. Prepare. Time is short folks. If you have any last minute items you need or have something you’ve been putting off (like me) then don’t hesitate any longer. Get it done.

War between Iran and the U.S. is a certainty and once it starts gas prices could go as high as $12 per gallon so I’d fill up now if you can. Today the Trump administration will address both houses and I expect them to say all indications are for war. Iran and the rest of the world knows it’s coming, only here in America do the people continue to scoff and mock. The videos below will show you what’s coming. God bless and stand firm.