You and I both know that Biden’s policies have been an absolute disaster. Believe me I take no joy in having to report this news, but this is a fact. And as John Adams said, “Facts are Stubborn things.” And new facts I am about to present paint a very bleak picture for the days and months ahead. So please be prepared.
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Facts are stubborn things, and in this case facts have revealed a problem that is coming to a head very soon – the potential crash of the housing and commercial real estate markets come 2023. We’ve got Biden to thank for this, as his fiscal policies prove ill-advised, leading us right into a potential trap with highly adverse consequences. If this happens, it will put an intense strain on our financial system. To avoid such a fate we must start reducing interest rates ASAP – yet Biden’s Federal Reserve continues to tell us that interest rates will keep going up, an action which can only be described as suicidal. So get ready – time is short for the FED to act and if they do not the markets will indeed come crashing down in 2023.
As the Biden administration holds office, small businesses across the country are in crisis. This is evidenced in a recent survey conducted by Alignable which showed that 41 percent of all U.S. small business owners could not pay rent in November – and these numbers may only continue to grow if serious measures are not taken. It is clear that Biden has caused this problem, making it imperative for his administration to take action now to alleviate the struggles of these businesses before it’s too late – after all, if they don’t, who will?
According to alignable’s November rent survey of 6,326 small business owners conducted from 11/19/22 to 11/22/22, small business owners’ rent problems have just soared to new heights nationally this month due to high inflation, reduced consumer spending, and higher rents.
As a result, 41% of small business owners in the u.s. reported that they could not pay their rent on time or in full in November, which is a new record. In addition, this occurred during a quarter when rent delinquency rates should be decreasing and more money should be coming in. However, so far this quarter, the opposite has been true.
Michael Snyder notes, the same survey found that 30 percent of small business owners could not pay their rent in September.
A number of people were alarmed by the figure, which then climbed to 37% in October.
We are now at 41 percent, and this is the time of year when small businesses should be able to pay rent.
It is inevitable that a domino effect will occur when commercial real estate tenants are unable to pay rent.
Our nation will soon have millions of empty commercial spaces, and many owners will be unable to pay their loans because enough rent money is not coming in.
Snyder anticipates a commercial real estate crash of unprecedented size and scope if the Federal Reserve raises rates even higher.
In the meantime, the housing market continues to implode.
The median price of a home in the United States has fallen by roughly 7 percent over the past nine months due to declining existing home sales.
The best thing you can do if you are planning to sell your home is to act quickly before the market declines significantly.
Meanwhile, another cryptocurrency company, BLOCKFI, has filed for Chapter 11 bankruptcy. How did BlockFi get into such trouble? One of the biggest reasons is that 275 million dollars was loaned to FTX and will never be repaid
FTX was just one giant Ponzi scheme, and the entire system is just one giant Ponzi scheme.
Many prominent voices are trying to sound the alarm about the collapse of this entire thing.
Just a few days ago, author Robert Kiyosaki tweeted the following…
“Many of you know I do not invest in equities, bonds, ets or mfs. Please do not listen to what I’m going to say next: “I would get out of paper assets.” the world economy is not a “market.” I believe the economy is the biggest bubble in world history.”
There is no doubt that he is right.
There has never been a bigger bubble in all of human history than the one we live in today.
Eventually, it will shatter into billions of pieces, and nobody will be able to put it back together.
Prepare yourself for a massive adjustment in your lifestyle.
As hard times loom, the Washington Post is encouraging readers to eat bugs to reduce food costs.
In spite of how bad things got, I couldn’t eat ants, crickets, or beetles.
The majority of people are completely and utterly unprepared for what lies ahead.
There will be a great deal of economic chaos in the near future.
Simply halting interest rate increases would help matters greatly.
Sadly, that won’t happen, and so 2023 appears to be a year of severe economic hardship everywhere.
It’s abundantly clear that Biden’s policies have been a disaster for the entire world. The dire situation that we are in today, with small business owners unable to pay their rent on time or in full and the housing market slowly crumbling, is directly tied to the reckless policies of Joe Biden. He bears responsibility for this state of affairs – and things look only set to get worse before they get better. As we approach 2023, prominent voices have suggested that we should be readying ourselves for a significant lifestyle change as the economy spirals into chaos – something that can be traced back entirely to Biden’s failed leadership. It is no wonder then why Biden continues to be widely blamed for this current predicament. So do not wait for Biden or the FED, take matters into your own hands.
Let’s continue this conversation, in the comments below.