SIX ELEMENTS OF THE ECONOMY ARE COLLAPSING!

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KIrk Elliott Offers Wealth Preserving Gold and Silver
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Summary

➡ The economy is facing serious issues in six major areas: the auto industry, commercial real estate, the housing market, retail, banking, and consumer debt. The author advises people to protect their assets by withdrawing them from banks and investing in precious metals. He also warns of potential civil unrest due to unfunded liabilities and suggests people prepare by securing essentials like food, water, and tools. The author encourages proactive measures to mitigate these economic threats.

Transcript

We’ve been reporting pretty consistently about economic woes for the last several months and things have really mushroomed, they’ve coalesced together and we have six areas of the economy where the bottom is falling out and I could have really pushed for a few more but we’re going to go with six. Six areas where the bottom is falling out and I don’t think there’s any coming back from this, not with the existing situation and I want to say this very, very clearly. The banks are allowed to keep your assets attached to the bank. They’re desperate. So what you need to do is extricate your assets from the bank, just keep operating capital.

Number one, get your retirement out. Number two, get your money out of the bank, leave operating capital invested because this is like putting your money into hibernation, saving it from confiscation and then when things get to some degree of normalcy, you’ll be able to come back to normal operations. Probably won’t be the dollar but your wealth will be preserved. Nothing will change with that. You could change the currency five times and you’re still going to have precious metals as the bottom line. Let Noble Gold help you with this. I’ve been a customer for how long? Let’s see, five years.

I’ve been advertising for six and that’s why I can give you this warning when the government says, you got to warn your audience that they could lose their money. Now, give the same warning to the banks, but I do agree with giving them the warning. Also, past performance cannot be indicative of future performance. That’s true, but I think you can read patterns and that’d be my answer to that. So I could send you a free information packet for Noble Gold. You can go to Dave HodgesGold.com and I’ll rush it out to you. That’s Dave HodgesGold.com or you can call them directly on Monday morning at 877-646-5347 and if you missed our previous live stream on some of the latest revelations regarding MKUltra, you’re not going to want to miss that.

So I’m just giving you, we just ran that about an hour and a half ago. You’re going to want to go check that out and share it. You want to share this too. Additionally, you need to subscribe because we need to wake people up in large numbers. The noose is closing. So please, please do your part too. All right. There are six major areas of concern where the bottom is falling out and I’ll mention the six. I’ll have a brief word to say about each and then I’m telling you to take defensive action. The auto industry, it’s now being reported.

There are 25,000 voluntary repos per day. I don’t know if this trend is going to continue, but it’s been going on now for a couple of weeks. 25,000 yet the auto manufacturers are remaining stubborn. Now we’re still going to charge this much for the Highlander or for the Yukon or whatever it is. They’re not budging an inch and I’m telling you what their stupidity and stubbornness is going to cause the bottom to totally fall out. The car industry used and new is in total chaos. This is ripe time for Biden to really go after getting rid of all cars and notice how they’re putting kill switches in.

I could go on. It’s just terrible. The car industry is a mess. Real estate values. I’m going to separate them out. Commercial real estate. 40% are in dire danger. Repos are at all time highs. There’s a conversion between real estate that’s commercial and it’s being converted into real estate that’s homeowner type. Apartments, condos, mostly apartments, small density, and this is growing now. I mentioned this a couple of months ago and people kind of, oh, I haven’t really heard it. It’s now starting to be talked about Biden through a seed money transplant of about $45 billion to get the thing off the ground.

This is a share sign commercial is going to collapse. This is bad. This is bad for the stock market. Some parts of the market will do fine. Some won’t. This is bad for the economy. This is bad for employment. There’s going to be massive layoffs. And now that the debt is due for old. Well, let’s put it this way. Renew debt structuring for commercial, which will be going on over the next two years but most of it the next four months, subject to high interest rates. That’s 60% of what’s left. It’s a recipe for catastrophe. The housing market.

Well, there’s, I’ve talked about the contributory factors. I’ll give you one example. The baby boomers need to downsize. First of all, they can’t afford what’s going on with inflation to maintain the home they have. And there could be 20 to 30 million homes going on the market here over the next 15 to 18 months. This is bad. At one time, what’s going to happen to the price. You know, plummet, plummet, wait and see that your property taxes won’t match the decrease. So housing markets in big trouble. And then we have repos at an all time high now.

Interest rates are sky high so you can’t attract new buyers to come in and replace the ones that got a dump. Real estate. From the housing standpoint is bad. Retail. Black Friday is now being called dead Friday. Dead Friday. That’s right. People don’t have any money. 82% of Americans as I’ve told you before have gone into their savings for essential expenses like food like rent. 82%. Sure as hell not going out and buying money. For Christmas presents now are some. Yeah, we’ll get to that in a minute, but the majority that they stayed away from the stores.

And then finally, there’s the banking industry. Biden could soon be under investigation by the house for secretly bailing some banks out. Well, we’ll see we’ll see where this goes. That crossed my desk this afternoon. I’ve got to take some time. And I’m traveling tomorrow so it would probably be tomorrow night before I really get on it. Even if that didn’t happen. Banks are now Bitcoin. They’re gold. They’re silver. And they’re making it really difficult for you to get your money out of the bank. There is a currency shortage right now. ATMs are going to be a problem.

They already are. So again, preparation and say why didn’t advertise for noble gold. There’s another reason why the banks are moving away from cash. You should too. Then there’s consumer debt. $1.2 trillion of consumer debt. That would be trillion with a T. How does one acquire this much debt? The interest rate is 28.35%. It’s a 0.3% since I first reported this. 28.35%. You can’t afford to use your credit cards. The interest is going to chew you up. The people are doing it because many of them are using it to survive. They’re trying to stay one step ahead of the burning bridge.

And then finally, this something that no one’s talking about. I haven’t even heard this in the alternative media for many years. We have. It’s hard to say how much. But I’m going to give you a round number about $250 billion of unfunded mandated liabilities that were in the hole that we can’t meet. That’s right. We’re deficit that much. Not that we’re spending. It’s deficit. Social Security, Medicare, Medicaid. On the periphery at the local level would be things like EBTs and food stamps. This is a major, major concern. This will spark civil unrest if it’s not corrected.

Things are going to get really, really ugly. Now, question I have for you. Do you have a survival strategy? You may need to get a second job. You may need to get a first job, depending on your status. But you need to plan that these institutions are not going to be viable for much longer. The dollar may not be viable for much longer, although it’s interesting in Argentina. The new leader just said, I’m not drawing the bricks. I’m going with the dollar. Unfortunately, that’s a lone voice in the wilderness. The dollar is on its own, and it’s going to go the way of the dodo bird.

Are you prepared? Have you taken the steps to have food, water, guns, gold, ammo, silver, natural medicine and tools? Have you gone that route? And until you have, you could be a victim. Things to consider here on The Common Sense Show. Things will get better. Right now, we’ve got to fight the enemy that’s in front of us. Check us out at the commonsenseshow.tv for the very best in investigative reporting. And I do mean the very best. Thumbs up. Love it. I mean, absolutely terrific. Expert guests helping you navigate these uncharted waters we’re in. Many of them have regime change experience, and we’re witnessing a coup d’etat right now at every means possible.

So I just thought I would bring this up here and tell you what the score is economically. And hopefully you can start taking proactive measures to mitigate the threat. And we cover things like this with in-depth documentaries at the commonsenseshow.tv. And I do mean in-depth documentaries. Thanks so much for joining us. God bless. [tr:trw].

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KIrk Elliott Offers Wealth Preserving Gold and Silver

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