Many experts are now warning that we could see the housing market and the commercial real estate market simultaneously crash in 2023. If that were to happen, it would put an extreme amount of stress on our financial system. The only way we will avoid such a fate is if the Federal Reserve starts reducing interest rates. Unfortunately, that isn’t going to happen. In fact, officials at the Federal Reserve keep telling us that interest rates are going to keep going up. This is literally a suicidal course of action, because higher rates are going to absolutely crush the economy.
If you doubt this, just consider what is already happening.
According to a new Alignable survey that was just released, 41 percent of all small business owners in the United States could not pay rent in November…
Due to high inflation, reduced consumer spending, higher rents and other economic pressures, U.S.-based small business owners’ rent problems just escalated to new heights nationally this month, based on Alignable’s November Rent Poll of 6,326 small business owners taken from 11/19/22 to 11/22/22.
Unfortunately, 41% of U.S.-based small business owners report that they could not pay their rent in full and on time in November, a new record for 2022. Making matters worse, this occurred during a quarter when more money should be coming in and rent delinquency rates should be decreasing. But so far this quarter, the opposite has been true.
In September, that same survey found that 30 percent of all small business owners could not pay rent.
Many were deeply alarmed by that figure, and then it jumped up to 37 percent in October. Now we are at 41 percent, and if there is any time when small business owners should be able to pay rent it is during the holiday season. When commercial real estate tenants cannot pay rent, it inevitably has a domino effect.
It appears that we will soon have millions of empty commercial spaces all over the nation, and many owners will soon be unable to make loan payments because sufficient rent money is not coming in. If the Federal Reserve insists on raising rates even higher, I anticipate that we will eventually be facing a commercial real estate crash of unprecedented size and scope.
Meanwhile, the implosion of the housing market continues to pick up speed. Existing home sales have now declined for nine months in a row, and the median price of a home in the U.S. has now fallen by about 7 percent. Sadly, many experts are now warning that things will only get worse in the months ahead. Here is one example…
“In one line: Collapse in prices is coming,” wrote Kieran Clancy, senior U.S. economist at Pantheon Macroeconomics.
I told my readers that this would happen if the Federal Reserve aggressively hiked interest rates.
Of course home prices could soon fall a lot more. In fact, Pantheon is projecting that they could ultimately fall by a total of 20 percent from the peak…
Pantheon estimates that existing home prices will keep falling, ultimately dropping by about 20% from their June peak of around $414,000.
If you are planning to sell a home, I would try to do it as quickly as possible before prices go way down.
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Meanwhile, another troubled cryptocurrency firm has just filed for bankruptcy…
Distressed crypto firm BlockFi has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of New Jersey following the implosion of putative acquirer FTX.
So why is BlockFi in so much trouble?
Well, the truth is that there are a lot of reasons, but one of the biggest is the fact that they loaned 275 million dollars to FTX that will never be repaid…
In the filing, the company listed an outstanding $275 million loan to FTX US, the American arm of Sam Bankman-Fried’s now-bankrupt empire.
I warned my readers that FTX would not be the last domino to fall. And now another one has tumbled over.
Needless to say, there will be many more, because FTX “has more than 1 million creditors”…
In a matter of days, FTX went from a $32 billion valuation to bankruptcy as liquidity dried up, customers demanded withdrawals and rival exchange Binance ripped up its nonbinding agreement to buy the company. Gross negligence has since been exposed. Ray added that a “substantial portion” of assets held with FTX may be “missing or stolen.”
FTX has more than 1 million creditors, according to updated bankruptcy filings, hinting at the huge impact of its collapse on crypto traders and other counterparties with ties to Bankman-Fried’s empire.
FTX was just one giant Ponzi scheme, but of course the entire system is just one giant Ponzi scheme.
The entire thing is eventually coming down, and a lot of prominent voices are trying to sound the alarm about this.
For instance, author Robert Kiyosaki tweeted the following just a few days ago…
Many of you know I do not invest in equities, bonds, ETS or MFs. Please DO NOT listen to what I’m going to say next: “I would get out of paper assets.” The world economy is not a “Market.” I believe economy is the biggest bubble in world history.
Of course he is quite correct.
We have been living in the largest bubble in all of human history.
And once it finally shatters into billions of pieces nobody is going to be able to put it back together again.
So get ready for a massive adjustment in your standard of living.
With very hard times looming, the Washington Post is encouraging their readers to reduce food costs by eating bugs…
The Washington Post advised Americans Sunday that instead of a traditional season dinner, which now is unaffordable for a quarter of families, they should instead look to eating bugs.
Yes really.
In an article headlined Salted ants. Ground crickets. Why you should try edible insects, the Post stated “Consumers can already find foods like salted ants on Amazon and cricket powder protein bars in Swiss grocery stores.”
I don’t know about you, but I don’t plan on ever eating bugs.
No matter how bad things get, I just couldn’t eat ants or crickets or beetles.
Unfortunately, most people are completely and utterly unprepared for the times that we will soon be facing. A tremendous amount of economic chaos is on the way.
The Federal Reserve could help matters a great deal if they would just stop raising interest rates.
But that isn’t going to happen, and so it appears that 2023 will be a year of severe economic pain all over the nation.
***It is finally here! Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.***
About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com. In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned) When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends. Time is short, and I need help getting these warnings into the hands of as many people as possible.
I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.
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Article cross-posted from The Economic Collapse Blog.
Most “Conservative” News Outlets Are on the Big Tech Teat
Not long ago, conservative media was not beholden to anyone. Today, most sites are stuck on the Big Tech gravy train.
I’ll keep this short. The rise of Pandemic Panic Theater, massive voter fraud, and other “taboo” topics have neutered a majority of conservative news sites. You’ll notice they are very careful about what topics they tackle. Sure, they’ll attack Critical Race Theory, Antifa, and the Biden-Harris regime, but you won’t see them going after George Soros, Bill Gates, the World Economic Forum, or the Deep State, among others.
The reason is simple. They are beholden to Big Tech, and Big Tech doesn’t allow certain topics to be discussed or they’ll cut you off. Far too many conservative news outlets rely on Google, Facebook, and Twitter for the bulk of their traffic. They depend on big checks from Google ads to keep the sites running. I don’t necessarily hold it against them. We all do what we need to do to survive. I just wish more would do like we have, which is to cut out Big Tech altogether.
We don’t get Google checks. We don’t have Facebook or Twitter buttons on our stories. We don’t have a YouTube Channel (banned), an Instagram profile (never made one), or a TikTok (no thanks, CCP). We’re not perfect, but we’re doing everything we can to not owe anything to anyone… other than our readers. We owe YOU the truth. We owe YOU the facts that others won’t reveal about topics that others won’t tackle. And we owe America, this great land that allows us to take hold of these opportunities.
Like I said, I don’t hold other conservative sites under too much scrutiny over their choices. It’s easy for people to point fingers when we’re not the ones paying their bills or supporting their families. I just wish there were more who would make the bold move. Today, only a handful of other major conservative news outlets have broken free from the Big Tech teat. Of course, we need help.
The best way you can help us grow and continue to bring proper news and opinions to the people is by donating. We appreciate everything, whether a dollar or $10,000. Anything brings us closer to a point of stability when we can hire writers, editors, and support staff to make the America First message louder. Our Giving Fuel page makes it easy to donate one-time or monthly. Alternatively, you can donate through PayPal or Bitcoin as well. Bitcoin: 3A1ELVhGgrwrypwTJhPwnaTVGmuqyQrMB8
Our network is currently comprised of six sites:
- NOQ Report
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- Based Underground
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We are also building partnerships with great conservative sites like The Liberty Daily and The Epoch Times to advance the message as loudly as possible, and we’re always looking for others with which to partner.
Some of our content is spread across multiple sites. Other pieces of content are unique. We write most of what we post but we also draw from those willing to allow us to share their quality articles, videos, and podcasts. We collect the best content from fellow conservative sites that give us permission to republish them. We’re not ego-driven; I’d much rather post a properly attributed story written by experts like Dr. Joseph Mercola or Natural News than rewrite it like so many outlets like to do. We’re not here to take credit. We’re here to spread the truth.
While donations are the best way to help, you can also support us by buying through our sponsors:
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- OurGoldGuy: Tell them JD sent you in your request to buy gold and it will help us… AND (wait for it) you’ll be helping a patriotic, America First company.
- MyPatriotSupply: Stock up on long-term food, survival gear, and other things that you’ll need just in case things don’t recover and we keep heading towards apocalypse.
We know we could make a lot more money if we sold out like so many “conservative” publications out there. You won’t find Google ads on our site for a reason. Yes, they’re lucrative, but I don’t like getting paid by minions of Satan (I don’t like Google very much if you couldn’t tell).
Time is short. As the world spirals towards The Great Reset, the need for truthful journalism has never been greater. But in these times, we need as many conservative media voices as possible. Please help keep NOQ Report and the other sites in the network going. Our promise is this: We will never sell out America. If that means we’re going to struggle for a while or even indefinitely, so be it. Integrity first. Truth first. America first.
Thank you and God Bless,
JD Rucker
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