Fighting with the Patriots to keep America Alive
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Incredible 8-Year-Old singing worship song on AGT stage ~ Goodness of God
China Panics: Cuts Multiple Rates And Reserve Ratio Requirements, Goes All-In To Prop Up Stocks
This morning, when we reported that a sudden - and extremely overdue - urgency appeared to grip Beijing's top power echelons in fast-tracking a bunch of new monetary stimulus measures, including a cut in the 14-day reverse repo tool, we said to expect much more during today's impromptu briefing on the economy, attended by the country's three top financial regulators, which had fueled speculation that China was about to unleash far more efforts to revive growth, among which further cuts to the country's Reverse Repo rate, and LPR rate but also cuts to the RRR and various other monetary stimulus measures.
That's precisely what happened moments ago when PBoC Governor Pan Gongsheng unleashed what Bloomberg called a "stimulus blitz", and what we call "sheer panic", when he announced a bevy of stimulus measures to prop up the sinking economy and crashing stock market. Among these:
The PBOC will reduce the 7-day reverse repo rate by 20bps.
The PBOC will cut the reserve requirement ratio by 0.5%, a move that will free up1 trillion yuan ($142 billion) in liquidity, Pan said.
China may also cut the RRR further this year by another 0.25 to 0.5% at the appropriate time.
The PBOC will cut the 1 Year MLF rate by 30bps
The PBOC will also lower the rates for existing mortgages and cut the down payment ratio on second homes to 15% from 25%.
The deposit rate will be lowered to "neutralize" the impact on bank margins.
“Monetary policy easing come bolder than expected, with both rate cuts and RRR cuts announcing at the same time,” said Becky Liu, head of China macro strategy at Standard Chartered Plc. “We see room for bolder easing ahead in the coming quarters, following the Fed’s outsized rate cuts.”
See Full Article Here: https://www.zerohedge.com/markets/china-panics-cuts-multiple-rates-and-reserve-ratio-requirements-goes-all-prop-stocks?utm_source=daily_newsletter&utm_medium=email&utm_campaign=3147
Economic Crash Imminent: Moody's Predicts Further Economic Deterioration Unless Spending is Cut
BREAKING NEWS: Israel SRIKES DEEP into Lebanon; Orders Civilians to EVACUATE North | TBN Israel
BREAKING: Rumors of Yahya Sinwar's Death after Israeli Strikes on Hezbollah & Hamas | TBN Israel
Housing Crisis in the U.S: 650,000+ HOMELESS Persons as Housing Unaffordability Hits All-Time High
Kevin Hart Is OVER After DISTURBING Diddy Video Leaks... (NEW FOOTAGE)
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Criminal Lawyer Breaks Down Diddy's Indictment and All the Updates
Massive Unrest in 2024 No Matter Who Wins – Bill Holter
By Greg Hunter’s USAWatchdog.com
Financial writer and precious metals broker Bill Holter says the latest .5% rate cut by the Fed shows something is very wrong with the economy. There were some big reported problems a few months ago with the yen carry trade blowing up and 63 banks hiding $500 billion in losses. Now, billionaire investor Warren Buffett is selling off millions of shares in BofA stock, inflation has surged, along with business bankruptcies in America, and total household debt and federal debt has hit new all-time highs. This is just scratching the surface of the financial problems that are already here. The world is wrestling with unpayable debt everywhere. So, why the big rate cut now when the Fed says the economy is going great? Holter says, “I think there is absolute desperation. They look at the poll numbers, and they realize they are not going to be able to cheat enough to win. They certainly know behind the scenes that the entire system, including the Federal Reserve and including the Treasury, is all insolvent. So, yeah, there is absolute desperation. I was saying 10 years ago they would ultimately kick the table over because that’s the way to cover their tracks. They don’t want fingers pointed at them. So, what do you do? You nuke a city. Oh, then they can’t have an election, and their tracks get covered. . . .My odds for not having an election in November are now 65% to 70% we don’t have an election.”
Holter says keep your eyes on the BRICS (Brazil, Russia, India, China and South Africa) and the real possibility of them starting to settle trade in something other than US dollars sooner than later. This is extremely dollar negative and highly inflationary. Holter contends we are going to see a massive credit crisis, and that will “bring things to a screeching halt.” Holter explains, “Nothing will function if credit ceases. It is used in every single process everywhere for everything. So, if credit breaks, and confidence breaks and credit is not forthcoming, then nothing is forthcoming. . . . You get some sort of credit event. Then stores are going to be wiped out immediately, but they are not going to be resupplied.”
Holter has long warned about a real-life Mad Max apocalyptic world where people scrounge for what they need to survive. Holter says, “Every day you wake up, you are only 72 hours away. I can’t tell you when this is going to happen. All I can say is the financial system in the West is untenable. From a math standpoint, this Mad Max scenario is going to happen. . . . When I first talked about Mad Max in 2017, I got an absolute rash of crap in emails and comments that said I was crazy, you are nuts, Mad Max will never happen because this is America. Now, it seems to me it’s common that people are using the term Mad Max over the last few years.”
Holter told me he no longer gets any negative comments when he brings up the Mad Max world he sees coming.
Holter says, “If there is an election, no matter who wins, there is going to be massive unrest. If Trump wins, there will be unrest that is paid for (by Democrats and the Deep State). And if Kamala wins, you will finally see polite conservatives, who have followed the rule of law, who are finally going to say that’s the last straw. So, I believe no matter who wins, there will be massive rioting and massive strife, and it could get to civil war. We could see that.”
In closing, Holter says, “The country has been hollowed out in every way possible. One of the biggest hollowing outs is the country has specifically, from a government and school standpoint, turned away from God. . . . If you live in a city, you are not going to make it—end of story. . . . Once you get derivatives cascading, it’s a 72-hour event, and no markets will open anywhere. When markets don’t open, that means there is no more credit. When there is no credit, the real economy stops.”
There is much more in the 46-minute interview.
Join Greg Hunter as he goes One-on-One with financial writer and precious metals expert Bill Holter for 9.21.24.
To Listen Go Here: https://usawatchdog.com/massive-unrest-in-2024-no-matter-who-wins-bill-holter/
BREAKING: WAR on Israel’s Northern Front; MASSIVE ROCKET BARRAGES & IDF Strikes Lebanon | TBN Israel
Usher & Pink SCRAMBLE to DELETE X Posts After NEW FOOTAGE Emerges in Explosive P Diddy Scandal
Billionaire Ray Dalio Says $35,327,646,622,839 US National Debt Will Not Reverse – Here’s His Outlook
Bridgewater Associates founder Ray Dalio says America’s $35.327646622839 trillion national debt will continue to grow no matter who wins the race for the White House.
In a new interview with Bloomberg at the Milken Institute Asia Summit 2024, Dalio says the fast-approaching November election represents a crossroads for a number of critical issues including taxation and the reach of the federal government.
Source: https://dailyhodl.com/2024/09/21/billionaire-ray-dalio-says-35327646622839-us-national-debt-will-not-reverse-heres-his-outlook/amp/
Mr. E Redux? Why Get Diddy Now? What's Next? Who's Next? Who's Freaking Out?
Katt Williams Just EXPOSED Diddy's Satanic Rituals (NEW PHOTOS)
Gold breaks $2,600 barrier as Fed cut bets prolong historic run
Gold soared above the $2,600 level on Friday for the first time, extending a rally boosted by bets for further U.S. interest rate cuts, and rising tensions in the Middle East.
Spot gold was up 0.3% at $2,593.80 per ounce, while U.S. gold futures rose 1.2% to $2,646.30.
Bullion’s latest rally got a fillip after the Federal Reserve initiated an aggressive easing cycle on Wednesday with a half-percentage-point reduction, adding to the appeal for gold, which pays no interest.
Prices of the safe-haven asset have climbed 26% in 2024, its biggest annual rise since 2010, as investors also sought to hedge uncertainties spurred by prolonged conflicts in the Middle East and elsewhere.
Source: https://www.cnbc.com/2024/09/20/gold-set-for-weekly-gain-on-fed-rate-cut-boost.html#:~:text=Spot%20gold%20was%20up%201.2,biggest%20annual%20rise%20since%202010.
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