8-10-24 PLIM Weekly News Highlights
Videos of the Day
I Am Back – Greg Hunter | Greg Hunter’s USAWatchdog
“The US and NATO are at a tipping point moment in the war in Ukraine. Ukraine is about to fall due to a lack of manpower, will NATO and the U.S. step in and supply fresh soldiers, boots on the ground in order to fight Russia? A reality has set in for Pentagon brass, sending weapons without manpower is a losing cause.”
12 min, 30 sec video - Putin has no choice left but to fight NATO" now that Ukraine is out of men | Redacted News
_______________________
ECONOMY/FINANCE
The 10 horns (Russia, China, etc) have formally separated their economies from the beast (western nations) system by replacing the Western SWIFT system with BRICS own financial mechanism. The BRICS+ nations know a financial catastrophe is coming and they will be insulated from it for the most part. Many western nations and citizens will be crushed financially when it hits. This will be the beginning of the great recession/depression that will last until the consummation
“The BRICS alliance is looking to bypass the Western SWIFT system and replace it with its own financial mechanism. The creation of a new financial messaging system similar to SWIFT will allow BRICS to reshape the global trade landscape.”
BRICS Officially Announces Financial System Similar to SWIFT
High interest rates and other inflationary pressures are making it unaffordable to maintain and buy homes. Those who have them will find fewer buyers due to recessionary forces ahead
“The homebuilders’ inventory of started but unsold homes is steeply rising as sales drop. It will take price cuts to clear inventory.”
Homebuilder Inventory of Started But Unsold Homes Is the Highest Since 2008
The deep state Obama or evil elites knew that Biden could not beat Trump. That's why they tried to whack Trump, but through divine intervention Trump was spared. Kamala is even worse and they have another trick up their sleeves for her. We'll see.
“Investigative journalist Seymour Hersch writes on his substack [SEE HERE], an article outlying how his sources in Washington DC and the White House have confirmed to him that former President Barack Obama was the impetus to push Joe Biden out of the 2024 presidential race.”
It All Tracks – Hersch Reports Barack Obama Threatened Biden with 25th Amendment Removal
“Trader and market analyst Avi Gilbert is spot on in his reasons for an economic crash to come not only to the US but to the world very soon.
Recently, we have seen a 10% drop in the S&P500. And, there is no shortage of reasons that the financial media pundits have ascribed to that decline. While many point to the bad jobs data, we have to at least be honest in recognizing that the market began this decline well before those poor jobs numbers were announced. So, we can easily dismiss that superficial reason.
But, the most common reason for the market decline to which the pundits point was the unwinding of the yen carry trade. In fact, I counted at least 3 articles on Seeking Alpha alone with that reason in their title, with at least another 5 or 6 proffering that reason within the heart of their article“
Sentiment Speaks: Reasons For A Crash
Chipmaker Intel Corp. is cutting 15% of its massive workforce — about 15,000 jobs. This comes after receiving nearly $20 billion dollars from the Biden administration to create jobs and build computer chip plants around the country.
“Chipmaker Intel Corp. is cutting 15% of its massive workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD.
In a memo to staff, Intel CEO Pat Gelsinger said Thursday the company plans to save $10 billion in 2025. “Simply put, we must align our cost structure with our new operating model and fundamentally change the way we operate,” he wrote in the memo published to Intel’s website. “Our revenues have not grown as expected – and we’ve yet to fully benefit from powerful trends, like AI. Our costs are too high, our margins are too low.”
The job cuts come in the heels of a disappointing quarter and forecast for the iconic chip maker founded in 1968 at the start of the PC revolution.”
Intel cuts whopping 15K jobs, posts $1.6B loss just months after getting Biden funds
Could the commercial real estate market be the next thing to pop in this bubble economy?
According to a recent working paper published by the National Bureau of Economic Research, the answer is yes. And that could kick off the next major financial crisis. Based on the NBER’s research, approximately 300 regional banks are at risk of collapse due to problems in the commercial real estate or CRE sector. Remember Silicon Valley Bank? Kind of like that. Dr. Warren said years ago that commercial real estate was over with and now we're seeing the full manifestation of it take place.
“I’ve been watching the commercial real estate (CRE) sector as a potential catalyst for the next financial crisis. So far, it has managed to hold together, but there is still trouble brewing under the surface.
The story of one commercial real estate investment by UBS Group is a microcosm of the commercial real estate market.”
The Rot in the Commercial Real Estate Market in One Story
“How will Monday Aug 5th market crash impact global economies? Global markets plunged, erasing $6.4 trillion dollars of stocks. Shockwaves from Tokyo to New York prompted calls for Fed rate cuts, as global sell-off fears grow, shaking investor confidence.”
2 min, 22 sec video - US$6.4 trillion wiped out in global stock market meltdown
Ex-Soros money manager Scott Bessent warns of a collapse of the propped up economy
“Aug 3, 2024 #FOXBusiness
“Key Square Capital Management CEO and former Soros Fund Management CIO Scott Bessent unpacks Powell's latest speech, the best trajectory for rates and inflation, Kamala's economic record and tax policies.”
9 min, 40 sec Video - Ex-Soros money manager warns ‘the economy is buckling as we speak’
T 2:38 Former President Trump comments at the National Black Journalist Conference in Chicago
_____________________________
WAR/CIVIL UNREST
The war drums are beating all over the world.
“Following late night explosions being reported in the central Syrian region of Homs, state media SANA has subsequently confirmed that an Israeli airstrike has wounded at least four soldiers and caused "material losses" at the Shayrat Airbase. The Israeli attack came from the direction of northern Lebanon. It has become common for Israeli jets to use undefended Lebanese airspace from which to attack targets inside Syria. Images showing a series of large explosions have circulated on social media.”
Israel Attacks Airbase In Central Syria Known To House Russian Troops
Elon Musk, the world's richest man believes that civil war is coming to the United Kingdom, as Anti-immigration protesters attacked a hotel believed to house asylum seekers in northern England as riots erupt across the UK.
“LONDON — The world’s richest man, tech billionaire Elon Musk, has doubled down on comments that the U.K. in on the verge of "civil war" after more than a week of right-wing riots.
It is virtually impossible to find anyone in Great Britain who agrees with him.”
Musk says U.K. civil war 'inevitable.' The British beg to differ. (nbcnews.com)
Moscow issues updated estimate of Ukrainian losses in Kursk incursion — RT Russia & Former Soviet Union
Heavy fighting has reportedly been taking place near Sudzha since Tuesday, when more than a thousand Ukrainian troops crossed the Russian border.
“Kiev has lost nearly 1,000 soldiers and over 100 armored vehicles over the past several days, Russia’s Defense Ministry has said”
Ukraine taking heavy losses in Kursk – Moscow
Pentagon Refuses To Rule Out Strikes On Moscow In Shocking Exchange On Ukraine's Incursion Into Kursk:It has become clear that Ukrainian troops are currently using American weapons to attack Russian territory, troops, civilians, and infrastructure.
________________
2024 Political Election
14 min, 30sec Video - Kamala Harris's INDIAN Ancestry EXPOSED By Judge Joe Brown!
Videos of the Day
I Am Back – Greg Hunter | Greg Hunter’s USAWatchdog
“The US and NATO are at a tipping point moment in the war in Ukraine. Ukraine is about to fall due to a lack of manpower, will NATO and the U.S. step in and supply fresh soldiers, boots on the ground in order to fight Russia? A reality has set in for Pentagon brass, sending weapons without manpower is a losing cause.”
12 min, 30 sec video - Putin has no choice left but to fight NATO" now that Ukraine is out of men | Redacted News
_______________________
ECONOMY/FINANCE
The 10 horns (Russia, China, etc) have formally separated their economies from the beast (western nations) system by replacing the Western SWIFT system with BRICS own financial mechanism. The BRICS+ nations know a financial catastrophe is coming and they will be insulated from it for the most part. Many western nations and citizens will be crushed financially when it hits. This will be the beginning of the great recession/depression that will last until the consummation
“The BRICS alliance is looking to bypass the Western SWIFT system and replace it with its own financial mechanism. The creation of a new financial messaging system similar to SWIFT will allow BRICS to reshape the global trade landscape.”
BRICS Officially Announces Financial System Similar to SWIFT
High interest rates and other inflationary pressures are making it unaffordable to maintain and buy homes. Those who have them will find fewer buyers due to recessionary forces ahead
“The homebuilders’ inventory of started but unsold homes is steeply rising as sales drop. It will take price cuts to clear inventory.”
Homebuilder Inventory of Started But Unsold Homes Is the Highest Since 2008
The deep state Obama or evil elites knew that Biden could not beat Trump. That's why they tried to whack Trump, but through divine intervention Trump was spared. Kamala is even worse and they have another trick up their sleeves for her. We'll see.
“Investigative journalist Seymour Hersch writes on his substack [SEE HERE], an article outlying how his sources in Washington DC and the White House have confirmed to him that former President Barack Obama was the impetus to push Joe Biden out of the 2024 presidential race.”
It All Tracks – Hersch Reports Barack Obama Threatened Biden with 25th Amendment Removal
“Trader and market analyst Avi Gilbert is spot on in his reasons for an economic crash to come not only to the US but to the world very soon.
Recently, we have seen a 10% drop in the S&P500. And, there is no shortage of reasons that the financial media pundits have ascribed to that decline. While many point to the bad jobs data, we have to at least be honest in recognizing that the market began this decline well before those poor jobs numbers were announced. So, we can easily dismiss that superficial reason.
But, the most common reason for the market decline to which the pundits point was the unwinding of the yen carry trade. In fact, I counted at least 3 articles on Seeking Alpha alone with that reason in their title, with at least another 5 or 6 proffering that reason within the heart of their article“
Sentiment Speaks: Reasons For A Crash
Chipmaker Intel Corp. is cutting 15% of its massive workforce — about 15,000 jobs. This comes after receiving nearly $20 billion dollars from the Biden administration to create jobs and build computer chip plants around the country.
“Chipmaker Intel Corp. is cutting 15% of its massive workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD.
In a memo to staff, Intel CEO Pat Gelsinger said Thursday the company plans to save $10 billion in 2025. “Simply put, we must align our cost structure with our new operating model and fundamentally change the way we operate,” he wrote in the memo published to Intel’s website. “Our revenues have not grown as expected – and we’ve yet to fully benefit from powerful trends, like AI. Our costs are too high, our margins are too low.”
The job cuts come in the heels of a disappointing quarter and forecast for the iconic chip maker founded in 1968 at the start of the PC revolution.”
Intel cuts whopping 15K jobs, posts $1.6B loss just months after getting Biden funds
Could the commercial real estate market be the next thing to pop in this bubble economy?
According to a recent working paper published by the National Bureau of Economic Research, the answer is yes. And that could kick off the next major financial crisis. Based on the NBER’s research, approximately 300 regional banks are at risk of collapse due to problems in the commercial real estate or CRE sector. Remember Silicon Valley Bank? Kind of like that. Dr. Warren said years ago that commercial real estate was over with and now we're seeing the full manifestation of it take place.
“I’ve been watching the commercial real estate (CRE) sector as a potential catalyst for the next financial crisis. So far, it has managed to hold together, but there is still trouble brewing under the surface.
The story of one commercial real estate investment by UBS Group is a microcosm of the commercial real estate market.”
The Rot in the Commercial Real Estate Market in One Story
“How will Monday Aug 5th market crash impact global economies? Global markets plunged, erasing $6.4 trillion dollars of stocks. Shockwaves from Tokyo to New York prompted calls for Fed rate cuts, as global sell-off fears grow, shaking investor confidence.”
2 min, 22 sec video - US$6.4 trillion wiped out in global stock market meltdown
Ex-Soros money manager Scott Bessent warns of a collapse of the propped up economy
“Aug 3, 2024 #FOXBusiness
“Key Square Capital Management CEO and former Soros Fund Management CIO Scott Bessent unpacks Powell's latest speech, the best trajectory for rates and inflation, Kamala's economic record and tax policies.”
9 min, 40 sec Video - Ex-Soros money manager warns ‘the economy is buckling as we speak’
T 2:38 Former President Trump comments at the National Black Journalist Conference in Chicago
_____________________________
WAR/CIVIL UNREST
The war drums are beating all over the world.
“Following late night explosions being reported in the central Syrian region of Homs, state media SANA has subsequently confirmed that an Israeli airstrike has wounded at least four soldiers and caused "material losses" at the Shayrat Airbase. The Israeli attack came from the direction of northern Lebanon. It has become common for Israeli jets to use undefended Lebanese airspace from which to attack targets inside Syria. Images showing a series of large explosions have circulated on social media.”
Israel Attacks Airbase In Central Syria Known To House Russian Troops
Elon Musk, the world's richest man believes that civil war is coming to the United Kingdom, as Anti-immigration protesters attacked a hotel believed to house asylum seekers in northern England as riots erupt across the UK.
“LONDON — The world’s richest man, tech billionaire Elon Musk, has doubled down on comments that the U.K. in on the verge of "civil war" after more than a week of right-wing riots.
It is virtually impossible to find anyone in Great Britain who agrees with him.”
Musk says U.K. civil war 'inevitable.' The British beg to differ. (nbcnews.com)
Moscow issues updated estimate of Ukrainian losses in Kursk incursion — RT Russia & Former Soviet Union
Heavy fighting has reportedly been taking place near Sudzha since Tuesday, when more than a thousand Ukrainian troops crossed the Russian border.
“Kiev has lost nearly 1,000 soldiers and over 100 armored vehicles over the past several days, Russia’s Defense Ministry has said”
Ukraine taking heavy losses in Kursk – Moscow
Pentagon Refuses To Rule Out Strikes On Moscow In Shocking Exchange On Ukraine's Incursion Into Kursk:It has become clear that Ukrainian troops are currently using American weapons to attack Russian territory, troops, civilians, and infrastructure.
________________
2024 Political Election
14 min, 30sec Video - Kamala Harris's INDIAN Ancestry EXPOSED By Judge Joe Brown!
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