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Debt Is Skyrocketing...
Everyone Going Broke Because of Debt, The Banks Know Something You Don't, Markets Are In Disarray and more...
The Daily Ninja 8/11/24
Updates From The Economic Ninja
(8/10/2024)
๐ช๏ธ The banks are preparing for an upcoming event, moving assets around like a tornado approaching a town.
๐จ The FDIC came out last July and actually stated we are insolvent. We have no more money.
๐ฐ The FDIC is investigating over 7 trillion in uninsured deposits in US bank accounts, leaving customers at risk with zero protection from the federal government.
๐ฆ The banking system in the US is private, despite the misleading name "Federal Reserve", and it's important for people to understand this.
๐ "Get ready for right after this election and watch what happens to the economy if you're not ready for it. Then it's your fault."
๐ The banking crisis is coming whether you like it or not, and I'm going to be honest with you, I like it.
๐ฐ The banking system is set up to fail and is highly leveraged, which is why the 1% keeps getting richer.
๐ The next crash is coming, and those who are prepared will dominate.
(8/6/2024)
๐ The worldwide markets are panicking, indicating a potential economic downturn in the near future.
๐ People have no concept of what's going on with their money until something bad happens, highlighting the lack of financial awareness.
๐ฐ The government is lying about inflation levels, which are currently at 1980s levels, and a rate cut by the Fed could lead to unprecedented inflation.
๐ He's got a brilliant idea and I can't wait to see him crush it.
๐ The pursuit of success is valid, but it's important to reassess and shift mindset when faced with challenges.
๐ Encouragement from someone who has been there can make all the difference in pushing through exhaustion and challenges.
๐ The lack of understanding of economic and interest rate cycles among some homeowners may lead to financial consequences in the future.
๐ Creating a unique and accredited course for off-road firefighting demonstrates the power of passion and determination in pursuing one's goals.
(8/4/2024)
๐ The cycle of collectibles market collapsing during recessions is already starting to happen, as seen with the flooding of the market.
๐ The Ninja predicts a significant economic collapse and warns that the media's aggressive use of the word "recession" indicates the severity of the situation.
๐ธ The IRS is now loosening restrictions on accessing retirement savings in case of emergencies, recognizing that many people don't have enough saved in their regular savings accounts.
๐ธ Pension funds are taking loans just to stop the bleeding of finances in the commercial property sector, showing the severity of the situation.
๐ The potential consequences of dropping interest rates could lead to hyperinflation and economic instability.
๐ก "I don't agree with taxation at all. I would want to see a flat use tax."
๐๏ธ The correlation between the introduction of federal income tax and the country's development is thought-provoking.
๐ฐ Most people don't know the significant impact of dropping the tax for corporations and the effect it has on large corporations leaving America to pay no tax.
(8/5/2024)
๐ The global financial markets are in turmoil, with the Dow Jones experiencing a massive selloff and upheaval in various countries.
๐ฐ Mortgage rates have dropped significantly, presenting potential opportunities for homeowners or buyers.
๐ Being ready for the big event is vitally important, as it can get worse than it is now.
๐ It doesn't take a degree to understand how the world actually works, and it's important to wake people up to the reality of the situation.
๐ A lot of people are about to get completely wrecked in mortgage rates because they're collapsing right now, indicating potential financial turmoil for many individuals.
๐ The repeated belief that "this time is different" in the stock market is a dangerous mindset, especially considering the recent history of market downturns.
๐ It's important to study and prepare for the future of finances, especially in the face of potential market fluctuations.
๐ The economy is predicted to face a planned demolition by wealthy individuals and other countries, leading to a global market meltdown.
Go out and crush it!
-Ninja Out