April 10, 2023

BREAKING: World Bank Begins DIGITAL ID With One FRIGHTENING Goal In Mind / Oct 27, 2022



18,942 views Oct 27, 2022 #NextNews

Reclaim the Net writes, Singapore is developing and utilizing biometric technology for improved mass surveillance of the population through "advanced and even avant-garde" methods. Singpass, a digital identity for citizens’ transaction needs "in everyday life", and MyInfo, a Singpass feature that shares user data via the scheme as well as via organizations, have been the focus of a case study developed by the World Bank and Government Technology Agency (GovTech) of Singapore.






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Brace Yourselves For An Economic Avalanche, Because A Major Credit Crunch Has Already Begun

 

Brace Yourselves For An Economic Avalanche, Because A Major Credit Crunch Has Already Begun


By Michael Snyder

This is moving even faster than a lot of us thought that it would.  For weeks, I have been warning my readers about the coming credit crunch.  When banks get into trouble, they start getting really tight with their money.  That means fewer mortgages, fewer commercial real estate loans, fewer auto loans and fewer credit cards being issued.  But I thought that it would take some time for the credit crunch to fully kick into high gear.  Unfortunately, I was wrong about that.  In fact, it is being reported that during the last two weeks of March bank lending in the United States “contracted by the most on record”

US bank lending contracted by the most on record in the last two weeks of March, indicating a tightening of credit conditions in the wake of several high-profile bank collapses that risks damaging the economy.


In other words, we have never seen bank lending shrink faster than it did during the second half of March.

Wow.

And it turns out that small banks are getting particularly tight with their money…

Commercial bank lending dropped nearly $105 billion in the two weeks ended March 29, the most in Federal Reserve data back to 1973. The more than $45 billion decrease in the latest week was primarily due to a a drop in loans by small banks.

The pullback in total lending in the last half of March was broad and included fewer real estate loans, as well as commercial and industrial loans.

As I have noted previously, small and mid-size banks provide the bulk of the commercial real estate loans in this country.

We are already starting to see prices for commercial real estate plunge, and now Morgan Stanley is warning that the drop that we will ultimately see could rival “the decline during the 2008 financial crisis”

Investors have sharpened their focus on this sector, given regional banks’ significant share in CRE lending. Even before the banking-industry turmoil, however, CRE was facing risks from long-term trends, with remote work threatening the office sub-sector.

What’s more, the sector is now facing a huge “refinancing wall”: More than half of the $2.9 trillion in commercial mortgages will be up for refinancing in the next couple of years. Even if current rates stay where they are, new lending rates are likely to be 3.5 to 4.5 percentage points higher than they are for many of CRE’s existing mortgages.

Commercial property prices have already turned down, and Morgan Stanley analysts forecast prices could fall as much as 40%, rivaling the decline during the 2008 financial crisis. These kinds of challenges can hurt not only the real estate industry, but also entire business communities related to it.

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A lot of people thought that I was exaggerating when I stated that we are heading into the worst commercial real estate crisis in our history.

But I was not exaggerating one bit.

Of course the credit crunch that we are now experiencing will have enormous ramifications for the entire economy.

When consumers have access to less credit, they spend less money.

And when consumers spend less money, businesses bring in less revenue and they start laying off workers.

And when workers get laid off, they get behind on their debts.

And that creates even more stress on the banks.

This new credit crisis threatens to spiral out of control, but Fed officials insist that everything is just fine.

In fact, James Bullard seems convinced that interest rates should go even higher

“Financial stress seems to be abated, at least for now,” Bullard told reporters Thursday after speaking at an event in Little Rock, Arkansas. “And so it’s a good moment to continue to fight inflation and try to get on that disinflationary path.”

The St. Louis Fed chief said he doesn’t think tighter credit conditions stemming from the recent banking turmoil will be substantial enough to tip the US economy into recession, noting that demand for loans is still strong.

Demand for loans may be strong, but the supply of credit is starting to dry up really quick.

Meanwhile, Americans continue to pull money out of the banks at a staggering rate

Friday’s report also showed commercial bank deposits dropped $64.7 billion in the latest week, marking the 10th-straight decrease that mainly reflected a decline at large firms.

Every week that this happens, it is just going to cause banks to get even tighter with their money.


And bank economists surveyed by the American Bankers Association expect credit conditions to continue to tighten during the months ahead…

  • The Headline Credit Index fell in Q2 to 5.8, decreasing 6.7 points to its lowest point since the onset of the pandemic. The reading indicates broad-based expectations for weaker credit market conditions over the next six months among bank economists, and banks are likely to grow more cautious about extending credit.
  • The Consumer Credit Index fell 7.9 points to 5.8 in Q2. EAC members expect credit availability to deteriorate more than credit quality, though almost all expect both to decline. The sub-50 reading indicates that consumer credit conditions are likely to weaken over the next six months.
  • The Business Credit Index fell 5.6 points to 5.8 in Q2. All EAC members expect business credit availability will deteriorate in the next six months, and most expect business credit quality to deteriorate. The sub-50 reading indicates that EAC members expect that overall credit conditions for businesses will continue to weaken over the next two quarters.

Just look at those numbers.

Any figure under 50 is bad, and those numbers are in the single digits.

In all the years that I have been writing, I have never seen anything like this.

So I am encouraging all of my readers to brace themselves for a massive economic avalanche.

A major credit crunch is already here, but most Americans still don’t understand that severe economic pain is dead ahead.


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source

https://www.activistpost.com/2023/04/brace-yourselves-for-an-economic-avalanche-because-a-major-credit-crunch-has-already-begun.html.



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The next C-19 fake narrative is exposed!








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«Έκρηξη» στο Ευρωκοινοβούλιο για τους θανάτους και τις παρενέργειες…

«Έκρηξη» στο Ευρωκοινοβούλιο για τους θανάτους και τις παρενέργειες…


Η ευρωβουλευτής Anderson προκάλεσε πανικό…

Η ευρωβουλευτής Christine Anderson (AfD), μιλώντας στο Ευρωπαϊκό Κοινοβούλιο, προκάλεσε έκρηξη για τους εμβολιασμούς!!!Όπως δήλωσε:...

«Ακούσαμε δύο φορές σήμερα ότι, 20 εκατομμύρια ζωές έχουν σωθεί λόγω αυτών των ενέσεων mRNA.

Πώς ακριβώς καταλήξατε σε αυτό τον  αριθμό και, θα μπορούσατε να μοιραστείτε όλη την διαθέσιμη τεκμηρίωση που υποστηρίζει αυτόν τον ισχυρισμό με αυτήν την επιτροπή.

Κατά δεύτερον, σε απάντηση ενός συναδέλφου μου, είπατε ότι ο ΙΜΑ επίσης διεξήγαγε ανεξάρτητη έρευνα. Μπορείτε σας  παρακαλώ να μοιραστείτε την τεκμηρίωση όλης της έρευνας την οποία έχει πραγματοποιήσει το IMA, σχετικά με τις ενέσεις MRNA με αυτήν την επιτροπή.

Τώρα οι δύο ερωτήσεις μου, -πολύ απλές ερωτήσεις, ελπίζω να μπορείτε να τις απαντήσετε. Πόσες σοβαρές ανεπιθύμητες παρενέργειες έχουν αναφερθεί στο IMA σχετικά με την ένεση mRNA. Παρακαλούμε δώστε ένα συνολικό αριθμό, καθώς και μια αναλογία περιπτώσεων που αναφέρθηκαν για κάθε χορηγούμενη δόση.

Η δεύτερη ερώτηση:-“Πόσοι θάνατοι έχουν αναφερθεί στο IΜΑ σε σχέση με αυτές τις ενέσεις mRNA; Επίσης σας παρακαλώ να δώσετε έναν συνολικό αριθμό, όπως επίσης την αναλογία θανάτων ανά χορηγούμενες δόσεις.

Εάν δεν μπορείτε να δώσετε τους αριθμούς (στοιχείων) χωρίς να υπάρχουν στο μυαλό σας, θα πρέπει να  καταλήξω στο συμπέρασμα ότι απλά δεν σας ενδιαφέρει ή, εξακολουθείτε να εργάζεστε για την «EFPIA» -έναν από τους οργανισμούς λόμπι των μεγαλύτερων φαρμακευτικών εταιρειών στην Ευρώπη».

Δείτε τι έγινε μετά:

πηγη

https://skeftomasteellhnika.blogspot.com/2023/04/blog-post_554.html.



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Central bank digital currencies can 'be programmed' and 'used against you!' | Layah Heilpern / Feb 7, 2023








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