Oct 19, 20222 min
October 19, 2022
NewsTreason.com Commentary
As of today, October 19, 2022, the 10 Year US Treasury Yield (Interest Rate) is up 207.96% in one year.
Let that sink in.
The primary driver of most interest rates on Mortgages, Credit Cards, Lines of Credit, Personal loans, Car Boat & RV loans, leases etc, is up 208% in just ONE YEAR.
See if you can find another time in history when such a fast rate increase has occurred. And remember, this is NOT the rate that the FED controls. This is a market-based rate, derived from the trade of US Treasury Bonds.
Let THAT sink in.
This is all happening in addition to:
🪫 1 in 6 US Households are in danger of having their utilities shut off for non-payment.
📉 52% of large corporations have started layoffs already.
📉 35% of small businesses are behind on rent payments.
📉 Consumer sentiment is at an all-time low.
📉 US Homebuilder Sentiment has crashed from 84 to 46 since January, a record pace.
📉 The stock & bond markets are crashing concurrently (stagflation) and are on pace for one of the worst years in history.
📈 Mortgage rates hit a 20-year high, with the average rate having doubled since January.
📉 Mortgage applications are down by 65% from last year.
📉 The US Dollar is dangerously close to losing its status as the World's Prime Reserve Currency.
📈 Core Inflation items (food, utilities, fuel) are up 21%.
📉 Real wages have declined for 18 straight months.
📈 Credit card debt levels are near record highs.
💰 Banks are over-leveraged by Quadrillions of Dollars and the Central Banks do not have the funds to bail them out. They’re insolvent.
And much much more…..
ALL AT THE SAME TIME.
Just ask the sleepers to compare this economic Armageddon to the mainstream media....
The SAME complicit, gaslighting media that’s pretending as if there’s actually a rational debate to be had about whether or not the economy has ALREADY collapsed.
It is be the modern day equivalent of believing that a Cessna hit the World Trade Center on 9/11 because you watched the wrong network.
Sounds insane to be that uninformed, doesn’t it?