WARNING: Hard Landing is coming for the US Economy

WARNING: Hard Landing is coming for the US Economy

we are about to see a hard Landing
coming for the US economy and we’re
going to go through a couple of major
key points that you need to know about
today because major news networks now
continue to spout The Narrative that the
economy is good of course they’re in the
tank for Joe Biden so they’re going to
say that right whether they’re sharing
some harrowing statistics about
inflation credit card debt layoffs or
immigration they always seem to put a
positive spin on otherwise bad news like
it’s okay that things are 30% more for
you to buy the grocery store that’s okay
you’re fine you’re happy but all you
have to do is look at the data things
are not looking good for the US economy
even Morgan Stanley’s chief us Economist
Ellen zentner told CNBC that due to
several factors a hard Landing recession
is likely in the months ahead I feel
strongly there is nothing being debated
on the FED right now seriously as to
whether the next move needs to be up so
I think we can set that concern aside
but it’s still about how long do they
hold now something that that Jamie said
I think Rings true in that whatever kind
of Landing you might be thinking about
right it’s about timing so we’ve had a
soft Landing call since March of 2022
and I rolled that forward into 2023
guess what I’ve rolled that forward into
2024 we will have a hard landing at some
point I guarantee you that we’re all
wondering when does that come and I just
don’t see anything and and this is
probably the same way the FED sees it in
the current data coincident data on the
economy or the forward-looking data that
says we should be on recession watch
right now but the point that that
diamond makes is that there are these
cumulative impacts that build over time
and we are in the camp that we haven’t
yet seen all of the tightening impacts
from monetary policy flow through and so
it should keep you um nervous right
economists were supposed to worry about
what evils lurk around the corner uh and
so I’m not on recession watch right now
but I do understand the the tremendous
unknowns that are building in terms of
tighter lending conditions past monetary
policy tightening quantitative
tightening geopolitical events I mean
they’re they’re they’re stacking here
it’s looking like the FED won’t be
ratcheting down rates by a significant
measure anytime soon we may get one rate
cut and it might not come until December
so many Americans are holding on to hope
for lower rates before they can do
things like buying a home investing or
upgrading their vehicle even the Wall
Street Journal just out with a story
this weekend talking about how Americans
are getting so fed up with waiting for
interest rates to come down they’re just
you know what they’re just putting their
home up for sale because they cannot
wait any longer it’s that bad even
though recent reports have shown that
inflation is beginning to cool a little
bit the prices of everything from
housing and groceries is still through
the roof and that cooling actually may
have been an aberration because now for
37 straight months we’ve seen an uptick
in inflationary pressure in fact the
latest CPI numbers show that yes it’s
much hotter than expected so the White
House will try to spin these
inflationary numbers and try to make
them seem like they’re cooler but we
know better don’t we Americans pockets
are hurting right now and things aren’t
looking up as long as inflation runs
higher than the FED would like those
interest rates are staying put they’re
not going anywhere and even if we do see
lower rates in the second half of 2024
by Christmas time any potential decrease
is unlikely to be significant I mean the
days of Interest rat Ates below 5% are
sadly gone here’s another gut punch
dozens of major companies across the
United States are continuing their
streak of layoffs in 2024 just take a
look at this list by Business Insider
the full list of major US companies
slashing staff this year the list
includes IBM Google Microsoft Amazon
City eBay Black Rock and more nearly
every industry needs de brace for impact
because we’re talking about a mass
massive amount of layoffs coming The
outplacement Firm Challenger gray in
Christmas reported a total of 84,000
planned Cuts in February alone the
firm’s labor and workplace experts said
as we navigate the start of 2024 in this
first and second quarter we’re
witnessing a persistent wave of layoffs
and to make matters worth Americans are
drowning in credit card debt Americans
total credit card debt reached an
all-time high of $1 trillion
sadly many of your people right now are
caught in this like vicious cycle right
High interest rates are keeping them
locked into a state of Perpetual
economic hardship some of these credit
card rates I mean are over
23% imagine that how are you ever going
to claw your way out of it meanwhile
illegal immigrants are entering the
country in droves now estimates over 10
million have entered the country
illegally during Biden’s tenure and
they’re not doing anything to stop it of
course if the current rate doesn’t
decrease 2024 is looking to be the worst
year ever for illegal immigration Biden
on his first day as president of the
United States signed dozens of executive
orders to undo the Trump era regulations
that were blocking the border and
empowered the Customs and Border
Protection and gave additional powers to
ice to go out and Round Up illegals and
send them back to their home countries
so Biden undid all of that on day one so
many of these cities are struggling
tremendously they’re being overburdened
by this crisis look at Denver Colorado
or Chicago where they have to house
illegal immigrants in small little tent
cities and they’re taking from American
services like the local Health Care
infrastructure and city services to
provide for illegal immigrants so if
you’re believing this narrative by Major
news networks that bomic is somehow
working then think again economic
analyst and financial writer David
Morgan is warning of a looming Global
depression he said we’re entering into a
global depression the likes of which the
world has never seen and I think a lot
of it has to do with China the world
maybe doesn’t want to admit and the bid
Administration doesn’t want to admit
that China is actually really hurting
and the Chinese who got dumped into this
massive bubble for Real Estate are
pulling their money out of those
Investments and they’re putting it
towards gold and silver investments in
that country the real estate bubble in
China has burst and they are facing
massive headwinds and how much of that
will hit the United States we’re seeing
persistent inflation across the United
States an affordable housing crisis
record rates of illegal immigration
massive job cuts that are coming just to
name a few I mean it is time to brace
for a hard Landing this is not going to
be soft there’s never been a worse time
to be saddled with credit card debt
especially when these companies are
charging outrageous interest rates
that’s why I want you to check out this
next video about the state of credit
card debt in the United States we’ll
link it right here for you to watch and
I will see you in that next video

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Major network news continues to spout the narrative that the economy is good. Whether they’re sharing harrowing statistics about inflation, credit card debt, layoffs, or immigration, they always seem to put a positive spin on otherwise bad news.

But all you have to do is look at the data… things are not looking good in the US economy.

It’s looking like the Fed won’t be ratcheting down rates by a significant measure anytime soon. So many Americans are holding onto hope for lower rates before they can do things like buy a home, invest, or upgrade their vehicle.

And even though recent reports have shown that inflation is beginning to cool, the prices of everything from housing and groceries is still through the roof. Americans’ pockets are hurting, and things aren’t looking up. As long as inflation runs higher than the Fed would like, those interest rates are staying put. And even if we do see lower rates in the second half of 2024, any potential decrease is unlikely to be significant. The days of interest rates below 5% are sadly gone.

To make matters worse, Americans are drowning in credit card debt. Americans’ total credit card debt reached an all-time high of $1 trillion dollars. Sadly, many people are caught in a vicious cycle, and high interest rates are keeping them locked into a state of perpetual economic hardship.

Meanwhile, illegal immigrants are entering the country in droves. Over 7 million have entered the country during Biden’s tenure. And if the current rate doesn’t decrease, 2024 is looking to be the worst year ever for illegal immigration. Already struggling cities are being overburdened by this crisis.

So if you’re believing this narrative by major news networks that Bidenomics is working…. Think again.

Economic analyst and financial writer David Morgan is warning of a looming global depression. He said, “we are entering into a global depression the likes of which the world has never seen.”

We’re seeing persistent inflation, an affordable housing crisis, record rates of illegal immigration, and massive job cuts, to name a few… it’s time to brace for this hard landing.

There’s never been a worse time to be saddled by credit card debt, especially with these big companies that are charging outrageous interest rates.
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