(Bloomberg) — Russia’s economy faces a worsening outlook that is graver than publicly acknowledged, with a credible risk of a systemic banking crisis in the next 12 months, according to Russian banking officials.
Russian banks are increasingly concerned about the level of bad debt on their balance sheets, according to the officials and documents seen by Bloomberg News. They have privately raised the alarm about the number of corporate and retail clients who are failing to make loan payments as they struggle with high interest rates, the people said.
Current and former banking officials have privately described the situation in Russia as dangerous and said there is a growing risk of a debt crisis spreading through the country’s financial sector in the next year if circumstances don’t improve. The people spoke on condition of anonymity because they were not authorized to discuss publicly the anxieties within the sector.
Strains within the banking system could raise wider questions for President Vladimir Putin’s ability to sustain Russia’s war in Ukraine that’s already in its fourth year, especially if Kyiv’s US and European allies were to target the Russian financial sector with harsher sanctions. The European Union is currently discussing fresh restrictions on more Russian banks.
Ukraine’s supporters have also been pushing for Donald Trump to hit Russia with tough new sanctions after Putin rejected calls for a ceasefire in the war to allow for peace talks. So far, the US president has held off taking measures.
Official figures may mask the true magnitude of the debt problem, some of the people said. Borrowers are deferring payments, meaning that while public data on late payments don’t yet suggest a serious problem, the reality is that many more loans are not being repaid as planned, according to an internal note from one major bank seen by Bloomberg.
Banks have estimated that their bad debts run to trillions of rubles and are taking steps to manage the increased risk leading to early signs of a credit crunch, people familiar with the internal assessments said. One estimate showed that the corporate loan portfolio by Russian banks in the first two months of 2025 decreased by 1.5 trillion rubles ($19 billion) before stabilizing.
Tensions among Putin’s top officials over risks to the economy spilled into the open at the flagship St. Petersburg International Economic Forum last week.
“We are on the verge of slipping into a recession,” Economy Minister Maxim Reshetnikov said during a panel discussion in which Bank of Russia Governor Elvira Nabiullina argued the economy was experiencing a necessary cooling. Finance Minister Anton Siluanov acknowledged “we’re going through a cold spell now.”
Putin made his position clear in a speech the following day. “Some specialists, experts, point to the risks of stagnation and even recession,” he said. “This, of course, should not be allowed under any circumstances.”
To be sure, years of unprecedented sanctions by the US and its Group of Seven allies since Putin ordered the 2022 invasion have so far failed to bring Russia’s economy to its knees, as the government massively expanded spending on defense industries and to support businesses affected by the restrictions.
Russian banks also posted record profits of 3.8 trillion rubles in 2024, beating the year earlier result by 20%, according to central bank data.
The military’s demand for manpower intensified labor shortages, however, and helped drive a wage spiral that boosted the incomes of many Russians but also fueled accelerating inflation to an annual peak of more than 10% in the overheating economy.
The Bank of Russia responded by hiking its key interest rate to a record-high 21% in October. Nabiullina cautiously cut the key rate for the first time in nearly three years to 20% this month following a chorus of complaints from officials and businesses that punitive debt costs were choking off growth and threatening to bankrupt companies.
While the economy expanded by 4.5% last year, annual growth slowed sharply to 1.4% in the first quarter of 2025, according to Federal Statistics Service data.
Problems with Russia’s so-called two-track economy are accumulating, as its military-industrial complex benefits from massive state spending on the war while many private-sector businesses contend with slowing demand, rising costs and lower prices for exports.
Less documented is the growing strain on the banking sector after it granted favorable loans to help fund much of the Kremlin’s war effort and faces the burden of recouping those debts.
There has been a particular slowdown in the construction and industrial sectors and even some signs that the military side of Russia’s economy could be starting to stagnate, according to the people and documents.
There have been some public indications of concern about levels of bad debt.
A central bank report in May warned of “vulnerabilities of the financial sector” including “credit risk and concentration risk in corporate lending” as well as a “deteriorating loan performance” in consumer lending. Some 13 out of Russia’s largest 78 companies were unable to service their debt, double the number a year previously, the report said.
Still, the regulator said “the banking sector remains resilient overall,” while the ratio of problem loans in retail lending was “considerably lower” than in 2014-2016, when Russia was first hit by sanctions over Ukraine following Putin’s annexation of Crimea.
Russia’s ACRA rating agency warned in a report in May of “deterioration in the quality of loan debt.” About 20% of the entire banking industry’s capital is accounted for by borrowers whose creditworthiness is in danger of significantly decreasing due to high interest rates, the agency said.
Another paper the same month by the Center for Macroeconomic Analysis and Short-Term Forecasting, a think tank with close ties to Kremlin officials, found a “moderate probability” of a systemic banking crisis by April 2026. It warned the risk could rise if there continued to be a decline in the issuance of new lending and a further increase in poorly performing loans.
©2025 Bloomberg L.P.
There goes members of the one world Universal whore again. The Catholic Church hierarchy despises limits on immigration, especially when most of the illegals are Catholic. Remember, this archbishop’s allegiance is first to another sovereign Nation and second of the United States. It’s the same way as the dual citizens of Israel….
DC archbishop slams Trump megabill, immigration crackdown
https://thehill.com/homenews/administration/5384354-dc-archbishop-slams-trump-megabill-immigration-crackdown/
They must neutralize the Tribes of Israel nations. They have their orders from the god of this world! This Country is simply not recognizable from its founding! It has been hijacked long ago by the synagogue!
I grew up Catholic and until my mid to late 30s, I was a diligent member. It wasn’t till I swallowed the proverbial red pill that I realized what I belonged to.
Catholic dogma and its institutional structure form a psychological prison which renders its members virtually hypnotized, handicapped, and unable to break out of the spiritual jail cell.
Whenever I have discussed such matters with a member of the Catholic Church, it becomes nothing but a circular argument as the member continually refers back to church teaching. It’s the same way with the other organized religions, such as the Orthodox churches and Mormons.
It’s very rare when someone like us can break free to see the truth. It really is a solitary path and if it weren’t for the internet, I never would have figured it out.
Organized religion such as the mainstream churches and the Jewish synagogues, Islamic mosques keep their followers in a spiritual prison. If you don’t believe their way then you are a sinner condemned to hell. Heaven help you if you are Jewish or moslem and you see the light of Jesus Christ.
Very true! I also was raised in the catholic church in my youth. Good point about people locked in to an organization. You can use scriptures and they will refer you to the teachings of men, or the organizations doctrine. It is almost a waste of time to have such conversations. Unless of course they are on the right wave length! Glad we have this outlet for the time being.
Actually most of the immigrants in the last four years are anything but Catholic. They may come from traditionally catholic countries but they are not practicing Catholics . Many of those immigrants are moslems and Chinese as well.
They look like this. https://www.bbc.com/news/articles/c5ygjjxjlplo
Good for the French police for slashing the rafts. Now, send them all back to their Arabian or African shit holes. As I watched one of the Arabs in the video clip scooping water up while jabbering at the camera, all I could think was how prescient was Camp of the Saints.
Trump will definitely not like today’s economic numbers.
Payrolls come in better than expected and the unemployment rate drops a 10th. Hourly earnings slightly lag consensus. Overall, an economically bullish scenario has bond yields race higher this morning. These numbers don’t help a Fed easing case. However, and this is a big however, a vast portion of the job gains are being attributed to an increase in government jobs….
Government Payrolls (Jun)
Act: 73.0K Cons: Prev: 7.0K
Manufacturing Payrolls (Jun)
Act: -7K Cons: -5K Prev: -7K
Nonfarm Payrolls (Jun)
Act: 147K Cons: 111K Prev: 144K
Unemployment Rate (Jun)
Act: 4.1% Cons: 4.3% Prev: 4.2%
Participation Rate (Jun)
Act: 62.3% Cons: Prev: 62.4%
Private Nonfarm Payrolls (Jun)
Act: 74K Cons: 105K Prev: 137K
U6 Unemployment Rate (Jun)
Act: 7.7% Cons: Prev: 7.8%
Average Hourly Earnings (YoY) (Jun)
Act: 3.7% Cons: 3.9% Prev: 3.8%
Average Hourly Earnings (MoM) (Jun)
Act: 0.2% Cons: 0.3% Prev: 0.4%
Average Weekly Hours (Jun)
Act: 34.2 Cons: 34.3 Prev: 34.3
Initial Jobless Claims
Act: 233K Cons: 240K Prev: 237K
Jobless Claims 4-Week Avg.
Act: 241.50K Cons: Prev: 245.25K
Continuing Jobless Claims
Act: 1,964K Cons: 1,960K Prev: 1,964K
Trade Balance (May)
Act: -71.50B Cons: -69.90B Prev: -60.30B
Exports (May)
Act: 279.00B Cons: Prev: 289.40B
Imports (May)
Act: 350.50B Cons: Prev: 351.00B
The household survey data look even stronger. This is why the unemployment rate dropped to 4.1%, which was expected to come in at 4.3%.
So much for DOGE firing government workers.
So, it looks like the BBB will pass and among other things, the surveillance state and A.I are well represented! All they need now is a digital currency of some kind.
Trump is a scumbag.
Well said!
Example of ubiquitous A.I. Centaur, a newly developed artificial intelligence (AI) model, has demonstrated the ability to predict human behavior with an accuracy exceeding classical psychology theories, according to researchers who fed the large language model (LLM) an extensive data trove generated from over 160 psychological studies.
In total, the data represented 10 million choices made by 60,000 individuals engaged in a wide range of tasks, according to findings published recently in the journal Nature. This understanding of not just one task, but a broad set at varying levels of generalization, is what makes the Centaur AI unique compared to other predictive models and theories.
I should have mentioned, note the greek mythological name.
A huge swing and a mess on ADP.
ADP Nonfarm Employment Change (Jun)
Act: -33K Cons: 99K Prev: 29K
Economic data this morning not really moving the needle. A mixed bag but, but largely as expected. The manufacturing PMI came in slightly higher and the JOLTS number did come in slightly stronger, which is a good thing.
Manufacturing PMI (Jun)
Act: 52.9 Cons: 52.0 Prev: 52.0
Construction Spending (MoM) (May)
Act: -0.3% Cons: -0.2% Prev: -0.2%
ISM Manufacturing Employment (Jun)
Act: 45.0 Cons: Prev: 46.8
ISM Manufacturing New Orders Index (Jun)
Act: 46.4 Cons: Prev: 47.6
ISM Manufacturing PMI (Jun)
Act: 49.0 Cons: 48.8 Prev: 48.5
ISM Manufacturing Prices (Jun)
Act: 69.7 Cons: 69.6 Prev: 69.4
JOLTS Job Openings (May)
Act: 7.769M Cons: 7.320M Prev: 7.395M
IBD/TIPP Economic Optimism (Jul)
Act: 48.6 Cons: 50.1 Prev: 49.2
Dallas Fed Services Revenues (Jun)
Act: -4.1 Cons: Prev: -4.7
Texas Services Sector Outlook (Jun)
Act: -4.4 Cons: Prev: -10.1
US Mortgage Rates Hit Lowest Since April in Boost to Refinancing
(Bloomberg) — US mortgage rates dropped last week to the lowest level since early April, helping spark a pickup in home-refinance applications.
The contract rate on a 30-year mortgage declined 9 basis points to 6.79% in the week ended June 27, according to Mortgage Bankers Association data released Wednesday. The rate on 15-year mortgages slid to 6.06%, marking the fourth straight decline.
The group’s measure of mortgage refinancing climbed 6.5% to the highest level since the week ended April 11.
At the same time, an index of applications to finance home purchases was little changed last week and consistent with a housing market that is languishing due to poor affordability.
Still, home listings are rising in many areas and starting to help slow the growth of property prices. A further decline in borrowing costs would provide a much-needed tailwind for the struggling housing market.
Mortgage rates follow moves in Treasury yields, which fell last month in anticipation the Federal Reserve is getting closer to lowering interest rates as the economy and hiring slow.
The MBA survey, which has been conducted weekly since 1990, uses responses from mortgage bankers, commercial banks and thrifts. The data cover more than 75% of all retail residential mortgage applications in the US.
Much higher then expected morbidity seen for this health insurer
https://www.zerohedge.com/markets/centene-crashes-after-pulling-2025-guidance-unexpected-risk-adjustment-results
I received this link from a reader. I don’t endorse anyone and although I discussed this topic in length going back to about 2021 in this blogs prior iteration, I strongly suggest that it was a CIA scam. Regardless, there is some truth to it.
With regards to the truth in the topic, what’s never discussed is the fact that it pertains mostly to the European Caucasian, rather than anyone else. You and I both know that the European caucasians were the direct descendants of the northern Israelites.
The Universal Church whorehouse has achieved success by keeping these Israelites in the dark. I cannot tell you how wicked and deceitful the Catholic church is as an institution.
I think of all of the last day deceptions that have been spawned off it, including the Orthodox religions as well as the Protestant religions.
We go back far enough in time and we can see that the Catholic Church worked with the Jews to help formulate the Islam religion. Just read the Quran and the biography of Muhammad.
I even think of how clueless and deceived the alt Protestant religions are like the seventh day Adventists and Mormons. The Universal Church has always has been a lying communist whorehouse and it always will be….
Deagel and the Prospect of a 2025 Talmudic “Culling” Holocaust | James Perloff
https://jamesperloff.net/deagel-and-the-prospect-of-a-2025-talmudic-culling-holocaust/
There is also talk of a biological attack of some sort occurring around Independence day. I sometimes think these stories are designed to keep one in a state of near panic and confusion. Psychological warfare!
They are and it is.
You see it in Google and Yahoo news stories where the words fear, troubling, worried are in many of the titles for the stories. All on purpose . What a bunch of pricks.
Wouldn’t it sound much more reasonable to use less emotional and more proactive words like concerned and contemplative instead of worried and stressed, or apprehensive versus fearful?
You make an excellent observation here. The words that are chosen in most of the articles paint a more subjective and heightened emotional state of the subjects involved and of the reader.
Many of the words chosen are specifically designed to heighten anxiety and raise the emotional stress of the readers, as well as portraying a sense of being out of control.
The ultimate goal is to look to the government for the solution.
I’d say the deagel report isn’t showing a culling, but replacement numbers. Less white caucasians because they are being breeded into mixed people and replaced by immigrants. This week is all about the fake PDiddy trial, so no worries on some big attack hoax. His music sucks bad, so his agents morphed him into another real world acting gig. At this point he isn’t even known as a music artist by most people, just some sort of celebrity.
Although the stage is set for an explosion event by Iranian terrorists.
Rothschild (Redshield) was/is the Papal Treasurers according to the 1906 Jewish Encyclopedia. I have never heard a good explination why the Pope and cardinals wear yamikas?
The Catholic church should just come out of the closet. The priests definitely should come out of the closet. 🤣🤣🤣
I noticed health insurance rates skyrocketing for everyone in the last four years. They have more sick people making claims.
Putin Expands Secrecy Law to Tighten Wartime Control in Russia
The Kremlin has cracked down hard on dissent since Putin ordered the February 2022 invasion of Ukraine.
(Bloomberg) — President Vladimir Putin has expanded the range of information covered by Russia’s state secrecy law, further tightening his grip on society as his war in Ukraine continues.
Details of Russia’s foreign policy, international trade and economic policy, scientific developments and preparations for possible military mobilization may all now be classified as secret if disclosure is considered to harm national security, according to a decree published on the government’s legal website. Anyone receiving such material in an unauthorized way could face as much as eight years in prison.
“This is the destruction of expertise on the Russian economy based on facts and statistics and will lead to more repression,” said Andrei Soldatov, an expert on Russia’s security services. Classifying information on mobilization was likely “a reaction to Ukrainian drone attacks, because this is classifying details like bunkers and underground government relocation plans,” rather than preparations for a new draft of troops for the war, he said.
Russia has already stopped publication of many statistics since the start of the war, including key budget data and official oil output figures. Information on Russian military casualties is also secret.
The Kremlin has cracked down hard on dissent since Putin ordered the February 2022 invasion of Ukraine, including with a law criminalizing “fake news” about the Russian army that’s been used to crush even mild criticism. Opposition activists, journalists and people showing support for social media posts have all been handed lengthy jail terms.
For all practical and geopolitical purposes, Russia’s objectives and behaviors still mirror that of the Soviet Union. Though the CIA and KGB acted as if they were in opposition, in reality, they worked together to formulate the banking cartel’s dialectical New World Order.
Although Russia no longer has the heft that it possessed during its Soviet phase, and the KGB has been replaced by the SVR, it still performs a vital function for the synagogue of Satan. Though the ownership structures of the privately run central banks vary, the hidden owners are all still the same. Of course, these owners want a final cataclysmic war, which will convince the reprobates that a world government is the only solution.
________
Russian and U.S. spy chiefs agree to call at any time, SVR director says
MOSCOW (Reuters) -Russian spy chief Sergei Naryshkin said in remarks published on Sunday that he had spoken to the director of the Central Intelligence Agency (CIA), John Ratcliffe, and that they had agreed to call each other at any time.
The CIA and Russia’s Foreign Intelligence Service (SVR), the successor to the KGB’s famed First Chief Directorate, have long been intense rivals, and each service resorted to public campaigns to recruit agents in the wake of the Russian invasion of Ukraine in 2022.
SVR Director Naryshkin told Kremlin state television reporter Pavel Zarubin that he had a call with the CIA’s Ratcliffe and agreed on calling each other to discuss issues of interest.
“I had a phone call with my American counterpart and we reserved for each other the possibility to call each other at any time and discuss issues of interest to us,” Naryshkin told Zarubin.
Naryshkin’s last known call with the CIA director took place in March 2025, according to Russian media.
The SVR and its predecessors have run some of the most damaging known agents in U.S. history, including Julius Rosenberg, who helped the Soviets obtain nuclear secrets, and the moles Robert Hanssen and Aldrich Ames who betrayed thousands of U.S. secrets.
From the Epoch Times, China is struggling says Kyle Bass, Communist China is grappling with the most severe economic crisis in its history, a downturn that the regime will not recover from, according to Kyle Bass, founder and chief investment officer of Hayman Capital Management.
“There is nothing that is going to bail China out of their economic spiral. They’re having a real estate crisis, a banking crisis, a youth unemployment crisis, and now they need to be worried about their current account,” Bass said in an interview on EpochTV’s “American Thought Leaders” that aired on June 26.
Bass said U.S. tariffs and declining trade threaten China’s economic advantage, which is its trade surplus with the United States.
Pope Leo Wants Traditional American Catholic Conservatives To Help With Vatican’s Finances
Daily Caller
Pope Leo is turning to conservative American Catholics and MAGA-aligned megadonors to help stabilize the Vatican’s strained balance sheet.
The new pope is reportedly working behind the scenes to reconnect with major U.S. donors whose support had dwindled in recent years, Politico reported. That decline followed widespread discontent with Pope Francis’ more liberal teachings and a string of corruption scandals, including the Vatican bank’s failed investment in London real estate, said John Yep, president of Catholics for Catholics, Politico reported.
Insiders told Politico that Pope Leo was seen during the conclave as someone with the financial sensibility to rebuild trust with these high-dollar benefactors. His election came as internal figures showed the Vatican ran an €83 million deficit in 2024 — more than double its last reported shortfall, Reuters reported. U.S. donations — historically the largest single source of external support — have dropped sharply.
“Talking to some of the biggest donors in the country, they’re absolutely thrilled,” one conservative Catholic leader told Politico, though no large donations have yet been confirmed.
Leo has already made symbolic moves to appeal to traditionalists, including returning to the historic papal residence and embracing Latin liturgy. His election also coincided with “America Week,” a donor-heavy event in Rome where up to €1 billion was reportedly pledged — contingent on the “right pope” taking office.
Leo has signaled an interest in reform but appears focused first on reviving revenue. His administration has already approved staff bonuses and launched a review of the Church’s real estate portfolio to identify new income opportunities.
I suspect the Catholic membership has declined a little also. I still remember the box of envelopes we got every year for our donations. They would always publish top donors to shame you into giving more! They were always begging for more!
https://youtu.be/oiVFIRyXhIw?si=9KoyRRDWC00hOyZK with all these ingredients about to be banned, what would be the reason to be so generous? What is the tradeoff? That people already got jabbed? Thoughts?
My skeptical side says, lets see if any of these actually happen. Perhaps some items on the list will get started. Ultimately you are your own first responder and that goes for what we allow in our bodies also.
M2 rising to record highs while velocity fading again from fading inflation.
S&P 500, Nasdaq hit record closing highs as investors shrug off tariff, war concerns
The S&P 500 closed at an all-time record high on Friday afternoon, extending breakneck gains achieved in recent weeks as investors shrugged off concerns about newly imposed tariffs and war in the Middle East.
Despite stocks dipping slightly after President Donald Trump’s announcement that the U.S. would end all trade talks with Canada, the S&P 500 recovered to close at a record high — 6,173. Previously, the all-time high closing price was 6,144.
The tech-heavy Nasdaq also closed at a record high at 20,273.
On Friday morning, the S&P 500 climbed 0.3%, clocking in for the first time ever at 6,156.
Over the past month — even as U.S.-China trade tensions resurfaced and conflict grew in the Middle East — the S&P 500 climbed more than 5%.
In all, the S&P 500 has soared more than 20% since an April low in the wake of Trump’s “Liberation Day” tariff announcement. Over that period, the tech-heavy Nasdaq has climbed 28%, while the Dow Jones Industrial Average has jumped 12%.
Concern among investors about topsy-turvy economic policy has given way to cautious optimism about a dialed-back tariff posture and continued economic growth, some analysts previously told ABC News.
In recent weeks, Trump has rolled back some of his steepest levies, easing costs imposed upon companies and alleviating concern about a sharp surge of inflation.
A trade agreement last month between the U.S. and China slashed tit-for-tat tariffs between the world’s two largest economies and triggered a surge in the stock market. Within days, Wall Street firms softened their forecasts of a downturn.
The downshift of tariffs has coincided with data demonstrating a healthy economy.
Stocks briefly dipped on Friday afternoon after Trump said the U.S. would be ending all trade talks with Canada immediately.
In a post on his social media platform, Trump said he came to the decision after learning Canada announced they are putting a digital service tax on U.S. technology companies, which he calls a “direct and blatant” attack on the U.S.
Fresh inflation data earlier this month showed a slight acceleration of price increases, but inflation remains near its lowest level since 2021. Hiring slowed but remained sturdy in May as the uncertainty surrounding on-again, off-again tariffs appeared to curtail hiring less than some economists feared, a government report this month showed.
The outbreak of tit-for-tat strikes between Iran and Israel earlier this month sent stocks falling and hiked oil prices. Those challenges proved short-lived, however, as stocks resumed their gains and oil prices eased amid a ceasefire.
Where’s Buffett?
Holy moly! What an embarrassment Katanji Jackson has become. She’s not even worthy of being an ambulance chasing attorney, let alone a Supreme Court Justice. She’s an embarrassment, which I suspect was the intention all along.
The communist Marxist objective of Obama and Biden was to degrade the quality of all government institutions, especially the Supreme Court, by placing horribly incompetent buffoons in places of influence.
Justice Barrett made Jackson look like a complete idiot. She intimates that the rest of the justices are realizing that Jackson is a terrible incompetent.
Since Justice Jackson is black, I doubt she even realizes how stupid she is. I don’t think she even has the self-awareness to comprehend how foolish she sounds.
Jackson, a black woman that can’t define a woman! What a joke! Trump nailed this in his press conference. Birth right citizenship is total bull. Its about blacks being lifted to the status of citizens, which is another issue entirely. I bet the conservatives had Barrett write the opinion because she is a woman knowing the black Jackson would not agree with the conservatives. We will see if the justices go even further in the future.
Trump is back to pushing his Abraham Accords which has the Arab world normalize relations with fake Israel. He also wants cease fire in Gaza within weeks. Looks like the mission in Gaza is almost done. Lets see if the US ends up administering Gaza with land development, etc. I bet Jared Kushner is chomping at the bit!
I agree with this economist. Trump’s behavior is much better calculated than the alternative media thought. I suspected all along that there was a method Trump’s madness. At the end of the day, there seems to be a very cohesive policy coming together and he’s getting much of what he wants. Through the uncertainty comes the solution….
Top Economist Admits Trump May Have ‘Outsmarted’ Everyone on Tariffs
One of Wall Street’s top critics of President Donald Trump’s tariff blitz has now admitted the president’s unpredictable trade policy may be more calculated than chaotic, asking out loud in a new blog: “Is Trump a genius?”
Torsten Sløk, chief economist at Apollo Global Management and a consistent skeptic of the tariffs since it was announced, posted a striking about-face in his latest market note, conceding: “Maybe the administration has outsmarted all of us.”
Just months ago, Sløk warned that Trump’s escalating import duties, 10% on most goods and 30% on Chinese products, would be “certainly painful” and risked destabilizing U.S. markets. Now, with Trump’s 90-day tariff pause set to expire on July 9, Sløk is pitching a very different view: The tariffs could be a masterstroke, forcing global partners to the table while generating billions for the Treasury.
In his new blog, he argued that Trump could keep the current tariffs, offer a 12-month runway for countries to lower non-tariff barriers, and stabilize the markets in the process. The result, he says, could be a “victory for the world” and the U.S. economy.
Sløk wrote: “Extending the deadline one year would give countries and US domestic businesses time to adjust to the new world with permanently higher tariffs, and it would also result in an immediate decline in uncertainty, which would be positive for business planning, employment, and financial markets.”
He added: “This would seem like a victory for the world and yet would produce $400 billion of annual revenue for US taxpayers.”
Trump definitely knows, the art of the deal. Be bold, ask or demand the moon, then settle for what would be more than you wanted in the first place! Though some ideas seem outrageous to people, like wanting Greenland, Trump knows by experience, he may get it. He will also get the Gaza Strip in some way also.
He’s a great spokesperson for the synagogue! What a front man!
Trump is a great salesman who could sell ice cubes to eskimos during the winter in Greenland and sell the hottest space heaters to thirsty men in the Sahara desert during the summer months.
I have to give it to Trump. He may be erratic but he gets the job done. Even though he answers to the SoS he is the least of the evils.
Personal income and spending lag, while the headline PCE comes in as expected. The Core PCE comes in slightly hotter.
Core PCE Price Index (YoY) (May)
Act: 2.7% Cons: 2.6% Prev: 2.6%
Core PCE Price Index (MoM) (May)
Act: 0.2% Cons: 0.1% Prev: 0.1%
PCE Price index (YoY) (May)
Act: 2.3% Cons: 2.3% Prev: 2.2%
PCE price index (MoM) (May)
Act: 0.1% Cons: 0.1% Prev: 0.1%
Personal Income (MoM) (May)
Act: -0.4% Cons: 0.3% Prev: 0.7%
Personal Spending (MoM) (May)
Act: -0.1% Cons: 0.1% Prev: 0.2%
Real Personal Consumption (MoM) (May)
Act: -0.3% Cons: Prev: 0.1%
Looks like price inflation is still hanging on also.
https://x.com/SaltyGirl09/status/1937975696803905643?t=Eh73aVj4D0q3PdtC1xLRew&s=19
This makes sense, back when I travelled to all us states, all I saw was these pajeets and I wondered why. Now I know. I always wondered, in the middle of large plain fields, how do these guys make it here. I have been to India so I know how they live, specially in Delhi, their own capital.
Stone, how many Pajeets live near you or own the convenience stores?
So blacks were the first pre-Adam people to exist, that’s why their hair, and facial expressions look like monkeys, and I am been objective here. That hair is not hair per say, it is some aberration.
But how do these pajeets came about? After all
Hinduism is the oldest religion but definitely connected with Judaism. They are the same. Some of these pajeets look like Jews as well. Why blacks have those monkey faces and how is it possible that top CEOs are Indians and not at least Jews? Like the Microsoft/Google CEOs. That Google CEO, you can’t tell me he does not look like goat. Stone, see it! What is the reasoning behind all these CEO been pajeets? whats the reasoning behind handling them these positions?
Even in India, these people live in filth. Though I would say south India and north India is different. Probably due to high French presence. Britain just couldn’t civilize this people.
They have a network and rules to keep assets amongst their own kind. They also receive welfare binnys and interest free loans. The locals, even whose ancestors were veterans, do not qualify for. They own all the smokeshops, liquor stores, grocery marts and motels in my area. I’ve said many times that the force majure mentioned here isn’t a quick culling, it’s a slow boil replacement method that’s working better than anyone could have imagined.
Cry racism until all the white girls have mixed kids and there are no longer any white caucasians in the area. Make sure any white caucasian authority figures are paid well to promote agendas, and don’t hesitate to dispose of their own kind.
Indians and Hindus do not share their wealth. They are takers, just like in their homeland and that’s why India looks the way it does.
Same with the Orientals. These people are non-congruent people and do not give back to the country in which they reside.
Most of the Hispanics are the same way. In terms of the Hispanics however, it depends on how much Caucasian blood they have in them. The more European Caucasian blood the Hispanic has, the more likely they will contribute to society, rather than being a taker.
These non-Adamic people will never give back to the country like European Caucasians traditionally do. That’s why non-Adamic people from all over the world come to the nation’s founded by the European Caucasians.
The Esau/Cain clan, which owns the media and education system, beats down the European Caucasian when confronted with the obvious.
The 3,200 Judeo-Christian churches have it all wrong. Many of these Church followers actually think Jesus was brown skinned. They think he was a mongrel. Because that’s all they know now. History has been stripped away from the average organized churchgoer. It all started in 325 ad with the Jew scribes and the Edomites. Their goal was to create a one world Universal Church and an organized religion that Peter would view with total contempt.
The goal was to keep the true Israelites from figuring out who they were. The Universal Church kept them in the dark and still do through political correctness.
The world will be in total shock at the second coming. Satan has indeed, deceived the entire world.
Indeed! The synagogue and their non Adamic followers are parasites! The so called Christian church is about 25% evangelical and their litmus test is, do you support fake Israel and the so called chosen ones. If not, you are antisemitic and anti American!
You are correct, and they are stingy and racists too. I didn’t mean sharing with their Country, as they have a class system. I meant amongst their own family. They keep everything in their own families. Usually same with the Hispanics, the majority of prominent ones date, marry, have babies with their own kind. Racial/cultural importance that the white caucasians have been brainwashed into giving up and not caring about.
It is true that wealthy families around the world stick with their own fellow wealthy families. I see this in Latin America, Asia, and Europe. They like to marry their children off to other wealthy families preferably of their own race. There is a reason for this because many poor families like to take and take by mooching off of somebody else’s money. You can help the poor in any way to get them to function on their own two feet but many never do. This is why the wealthy like to keep their children with their own kind.
I believe there are bloodlines that are protected also. The seed of Satan is one that will claim a davadic line for the false messiah/anti Christ man of sin. He of course will be an imposter, but to the vast majority of earth dwellers, he will be the real deal!
Off tangent, came across this on x https://x.com/truthtroll_X/status/1938084307907842393?t=TEznCJcsDpGdZ_-Jhdg0pQ&s=19
It looks as this is the way to bring the noahide laws and the guillotine.
Noahide law number 1, Do not profane G‑d’s Oneness in any way.
Acknowledge that there is a single G‑d who cares about what we are doing and desires that we take care of His world.
John 5:18 For this reason they tried all the more to kill him; not only was he breaking the Sabbath, but he was even calling God his own Father, making himself equal with God.
Do you see the problem?
The talmudic Jews god is the devil. It says it right on the back of their $1 Federal Reserve Note. In God we trust.
It’s not YHVH, it’s Satan. It’s Osiris.
Precisely!
Clearly the Talmud is written by Satanically inspired people given what the Talmud says about Jesus Christ being in hell boiling in hot excrement and the talmud also says there are over 30 genders. The Jewish Rabbi students must study the Talmud in order to become Rabbis.
This says a lot about today’s Jewish temples. Stay away from organized religion.
John 10:30 My sheep hear my voice, and I know them, and they follow me: And I give unto them eternal life; and they shall never perish, neither shall any man pluck them out of my hand. My Father, which gave them me, is greater than all; and no man is able to pluck them out of my Father’s hand. I and my Father are one. Then the Jews took up stones again to stone him. Jesus answered them, Many good works have I shewed you from my Father; for which of those works do ye stone me? The Jews answered him, saying, For a good work we stone thee not; but for blasphemy; and because that thou, being a man, makest thyself God.
I received this article from a reader. Just goes to show that the effective strategy we have pointed out for the past 5 years is is bearing fruit. The findings of this article completely support my anecdotal observations and experience as a landlord and property manager in the suburbs and exurbs
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White picket rents: Tenants are flooding the suburbs where they can’t afford to buy
Remote work, steep mortgage rates and new types of rental properties are fueling demand far from urban downtowns.
https://www.nbcnews.com/business/real-estate/renters-are-flooding-suburbs-cant-afford-buy-homes-rcna211928
People are being driven to, you’ll own nothing, and like it! Assets are being removed from the average person. They rent homes, cars, furniture, clothing etc. Asset owners, as you have pointed out, are much better prepared to weather the coming storm.
Quote, About 20% of the entire banking industry’s capital is accounted for by borrowers whose creditworthiness is in danger of significantly decreasing due to high interest rates, the agency said.
That’s is a significant percentage. Almost one in four are in trouble. China is also hiding financial problems, not to mention the G7 nations. The world is getting ready for a “new system”. A satanic debt jubilee is on the way, it seems.
The CCP and Russian governments know that most of this will be wiped away after World War 3. Same here in the states.
If Russia’s economy goes down the hole then Putin will be pushed into a corner and therefore will be more inclined to start a war.
It seems all the nation states are spending themselves into bankruptcy at the same time.