Let’s start with a look at the US government’s balance sheet. Over the past few decades, liabilities have grown exponentially faster than assets, producing a gap of around $40 trillion.
That imbalance creates extreme financial fragility — and raises the question of what might expose that fragility. Accelerating inflation is one obvious candidate, and US citizens are starting to expect a dramatic increase:
Meanwhile, equity prices have been outrunning money supply growth, which historically has been bad news for both the broad market averages and the overall economy:
Other ways of viewing equity valuations are just as scary. For example, the free cash flow of S&P 500 companies is at a record low compared to the index’s market cap — and is dropping fast. It’s now below the level of just before the Great Recession:
Now, let’s zoom in on specific sectors that seem to be rolling over. Auto loan delinquency rates are spiking:
Housing is frozen, but with inventories of homes for sale rising, a significant price decline looks imminent:
(Wolf Street) - Demand in the resale market just keeps getting crushed after every little sign of green shoots. Sales of existing single-family houses, townhouses, condos, and co-ops that closed in January dropped by 4.9% from December, seasonally adjusted, to an annual rate of 4.08 million sales, according to the National Association of Realtors today.
This rate of sales was up just 2.0% from the abysmally low levels a year ago – 2024 as a whole had been the worst sales year since 1995 – and flat with the abysmally low levels two years ago.
Compared to January 2021, the sales rate was down by 36%, compared to January 2019, the sales rate was down by 25% (historical data from YCharts):
What Should We Do?
The Table of Contents has a lot of actionable advice. Or…we can emulate iconic investor Warren Buffett, who is building an epic cash hoard in anticipation of stocks getting a lot cheaper:
Marc Faber says the Fed and Treasury have a choice. To suffer a depression, or to print like mad. They will always choose to flood the zone with fresh cash. Trump's entire cabinet and cronies are billionaires who won't suffer a drop in their net worth. Precious metals have to benefit here
When WE work to thin the aristocrats that think they can scoop up the so-called real investments to own too the people serving the mortgages as rental agreements then, the WE wants Rubino's beings to hear that governments that stall the Federal Reserve's planned collapsing the stock markets, that is now.
The Federal deficit isn't necessary to repay. The silence that says to all crippled beings that crippling the humans via covid-19 mandates to use credit to survive the drought turns to the way to canceling too that way. Not good to charge 29% interest. Not good to use credit to change society to stolen to never along for love. Love thinks abuse is using the children to use too the public education to starve each and every child.
The stolen-to-not-home-to-love-the-school-kids thinks that concrete blocks are not healthy to be surrounded by 24/7.
The way to chicken farming and pig farming and cows taken to slaughter 24/7 horrifically thinks that thinking about humanity learning to leave now thinks that using the credit cards to stir the compatriots to wanting to UTC instead asks when the Rubino learns that sharing to him that mining harms the patriots that wanted to mine the money then, during the so-called revolution of 1776, the WE wants the miners that love to allow the Mother to reinforce the wampum that not going to return to the gold standard standards to the WE's need to communicate that all those that read that lies are golden, they lead to Jim Sinclair too murdered by the Roths.
Cryptos require courage to hear that money itself is transitioning to destable the bankers' ways.
Cherokee women want Rubino to remember that accomplishing the goal to leave the WE to the credit there to require the miners to short the stocks to short the markets that are Dow and S&P and Nasdaq, wells are the fargo that freezes too the real estate to communities brought to the knees via Helene's and arson called "wildfires" shows that the beings that reinherit to themselves everything think that meekness isn't the way.
Everybody that persists in requiring the politically correct language to the point that lies are the only accepted words and truth is mere misinformation that is now defined to be dangerous asks when the miners ask when the calypso that the water turns golden when the gold is recommissioned to projects that coat like in India the spaces shows that consciousness then will be better prepared. Gold rules the Pineal.
Marc Faber says the Fed and Treasury have a choice. To suffer a depression, or to print like mad. They will always choose to flood the zone with fresh cash. Trump's entire cabinet and cronies are billionaires who won't suffer a drop in their net worth. Precious metals have to benefit here
When WE work to thin the aristocrats that think they can scoop up the so-called real investments to own too the people serving the mortgages as rental agreements then, the WE wants Rubino's beings to hear that governments that stall the Federal Reserve's planned collapsing the stock markets, that is now.
The Federal deficit isn't necessary to repay. The silence that says to all crippled beings that crippling the humans via covid-19 mandates to use credit to survive the drought turns to the way to canceling too that way. Not good to charge 29% interest. Not good to use credit to change society to stolen to never along for love. Love thinks abuse is using the children to use too the public education to starve each and every child.
The stolen-to-not-home-to-love-the-school-kids thinks that concrete blocks are not healthy to be surrounded by 24/7.
The way to chicken farming and pig farming and cows taken to slaughter 24/7 horrifically thinks that thinking about humanity learning to leave now thinks that using the credit cards to stir the compatriots to wanting to UTC instead asks when the Rubino learns that sharing to him that mining harms the patriots that wanted to mine the money then, during the so-called revolution of 1776, the WE wants the miners that love to allow the Mother to reinforce the wampum that not going to return to the gold standard standards to the WE's need to communicate that all those that read that lies are golden, they lead to Jim Sinclair too murdered by the Roths.
Cryptos require courage to hear that money itself is transitioning to destable the bankers' ways.
Cherokee women want Rubino to remember that accomplishing the goal to leave the WE to the credit there to require the miners to short the stocks to short the markets that are Dow and S&P and Nasdaq, wells are the fargo that freezes too the real estate to communities brought to the knees via Helene's and arson called "wildfires" shows that the beings that reinherit to themselves everything think that meekness isn't the way.
Everybody that persists in requiring the politically correct language to the point that lies are the only accepted words and truth is mere misinformation that is now defined to be dangerous asks when the miners ask when the calypso that the water turns golden when the gold is recommissioned to projects that coat like in India the spaces shows that consciousness then will be better prepared. Gold rules the Pineal.
The Energies that are the metals are Spirit.