The biggest U.S. banks are already discussing additional fees and charges as they prepare for interest rates to go to zero or lower.
Just a year ago the Federal Reserve was raising rates. Top banksters including Jamie Dimon, Chairman and CEO of JPMorgan Chase, and Presstitute’s favorite economic “experts” were predicting rates would continue to increase throughout 2019.
Wrong again. Trends Journal readers, however, were kept ahead of the news as Gerald Celente predicted lower interest rates back in December 2018.
TREND TRACKING LESSON: Put yourself in the Banksters’, major media, multinationals’ and governments’ shoes. If you were them, would you be telling your customers to tighten their purse strings to prepare now for troubling economic times ahead?
It’s their business to get you to believe their pitch so they can get you to buy whatever they’re selling.
Denying the hard facts and numbers, for most of 2019, the “establishment” denied a global slowdown even existed. Now they’re admitting it but are quick to say the major banks can “handle” the situation.
No they can’t, and no, they won’t.
While we will continue to provide you with hard evidence, “Think for Yourself.” Observe the best you can the current events forming future trends.
Don’t buy their rhetoric. They don’t have what it takes to regenerate positive growth and stop the Greatest Depression.
And again, the mainstream media “twist” will continue to be news that the world’s major economies will “stimulate” their way out of a weakening economy with promises of more business inducements, infrastructure spending and construction projects.
Off With Their Heads 2.0
Across the globe, the so-called “populist” movements – i.e., masses revolting against establishment governments that enrich the one percent while the average John and Jane Doe suffer declining living standards – will intensify as socioeconomic and political conditions deteriorate.
In the “Land of the Free,” where the ruling establishment brags that the economy has never been better, according to the U.S. Census Bureau, median household income, adjusted for inflation, is at 1999 levels.
At the bottom half, according to the Federal Reserve, all U.S. households, when adjusted for inflation, lost 32 percent of their wealth since 2003.
However, the top one percent have twice as much wealth during the same period. And, since the “Panic of ’08,” their assets increased 72 percent.
For workers on the multi-national plantations of Slavelandia, income growth remains weak. This is in part because employers have become more adept at holding down wages. They have become more adept at using technology, consolidating industries such as retail, communications, high-tech and banking… while the share of workers who are in unions, which push for worker pay raises, continues to steadily decline.