Fri, 20 Sep 2024 22:48:20 -0700WeeblySat, 18 May 2024 01:41:34 GMThttp://plim2.org/05-18-24_pwnh/05-18-24_pwnh05-18-24 PLIM Weekly News Highlights



Video  of the Day


King Evil, Fraud, Lies & Coverup, Economy Failing


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Fear - Why Are the Superrich Prepping?

6 min. video - Panic Rooms Are the New Hottest Accessory in New York. Here's why | Vantage with Palki Sharma


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Economy


More and more as the financials strains of high inflation and decreasing wages siphon off quality of living for more and more Americans, many are leveraging credit cards to make up the difference! Something is going to break soon as many will find themselves in poverty. 


“While we already know that in the latest monthly consumer credit report published by the Fed last week and covering the month of March, total consumer debt hit a record high (despite a sharp slowdown in credit card growth) even as the personal savings rate plunged to an all-time low, hardly a ringing endorsement for the strength of the US consumer...
... today's report provided more granular details which however did not change the conclusion: the US consumer is getting weaker, and while not in a crisis just yet, will get there soon enough.”
7 min. Embedded video - Record Household Debt, Jump In Delinquencies Signal "Worsening Financial Distress", Fed Warns




The financial wheels are coming off. The govt says the economy is strong but the BRICS+ nations are dumping dollars en masse! The largest holder of our debt of a foreign country is Japan! If you think inflation is high now just wait!! 
China is dumping it's largest amount of US treasuries to decouple themselves from the dollar collapse! They know what is coming and do not want the western nations to steal their money in the event of war. The dollar is on life support!!  
Got gold??


“…With economic relations between China and the United States continuing to raise investor concern, China has deviated from historical norms by offloading one of the largest amounts of US Treasury and agency debt.
Particularly, in the first quarter of 2024, China offloaded a record-breaking $53.3 billion of U.S. Treasuries and agency bonds. …”
China DUMPS Largest Amount of US Treasuries in History




As the economic collapse increases, many small businesses which are the life blood of the economy are going out of business. The does not bode well for the future of the nations economy and portends a recession/depression to come!


“The delinquency rate among small businesses in the US has reached a three-year high, reflecting the challenges posed by rent increases and decreasing revenue, as per a monthly survey.”
43% of small businesses were unable to pay their rent in full in April due to economic headwinds




14 min video - A Restaurant Apocalypse Is Starting To Sweep Across America & That Is Bad News For The U.S. Economy


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