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Click On Picture To See Larger PictureCanada is in trouble, Trudeau knows it and is admitting that there are problems in the economy, remember he caused the problems. Moody's sends out warning on how the Baltimore disaster will cause problems in the economy. Fed rejects FOIA request on gold. The [DS] is now pushing their insurgency. The insurgency is becoming clearer to the American people. Each step of the way the [DS] is trying to remove our freedom. More and more people are waking up to this, the latest is the war on religious freedom. The plan is becoming clearer and clearer, the people must fight for the freedom again.

 

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Economy

https://twitter.com/WallStreetSilv/status/1773923190093251015?s=20

 flee to in exile.

https://twitter.com/KobeissiLetter/status/1773782758650733047?s=20

  has quickly doubled since then. Currently, Debt-to-GDP is at ~124% which is HIGHER than the peak of World War 2, at 119%. Since 2020, Debt-to-GDP is up a whopping 20% after the government's massive borrowing spree. Simply put, this is unsustainble.

https://twitter.com/KobeissiLetter/status/1773421536239632648?s=20

 personal consumption is rising more than 10 TIMES as fast as it did in 2008. We have inflation with record high interest rates on credit cards and auto loans. Consumers are "fighting" inflation with debt.




https://twitter.com/KobeissiLetter/status/1774068436055810058?s=20

5. 6M-annualized Core CPI - highest since July 2023
6. 3M-annualized Core CPI - highest since May 2023
7. 6M-annualized Services CPI - highest since February 2023
Is higher for longer back?

 


The Baltimore Bridge Collapse Is Even More Devastating Than It Seems - It's an 'Economic Nuke Strike'






Baltimore Union Warns Of Job Loss Tsunami After Bridge Collapse Paralyzes Port 





A lengthy disruption at the Port of Baltimore, one of the busiest ports on the US East Coast, will unleash supply chain snarls and resulting financial pressures for the local economy of Baltimore, Maryland, as it's only a matter of time before companies with direct and indirect exposure of the port fire workers.
"I have 2,400 ILA members who are soon going to be without jobs," Scott Cowan, president of the International Longshoremen's Association Baltimore local chapter, said in an interview Wednesday, as quoted by Bloomberg.
Cowan said, "Getting them on the payroll, and keeping their families fed, putting food on the table is my first and foremost thought on my mind."

Source: zeroehdge.com




Moody's Warns Bridge Collapse Is "Credit Negative" For Baltimore As Economic Shock Emerges 








The Port of Baltimore is a significant economic driver for the city of Baltimore and the state of Maryland, and an extended closure will spread like cancer through the local economy as snarled supply chains will result in job losses, lower warehouse activity, and tax revenue loss for the government.
 

Source: Bloomberg 

 Moody's published a note that said a prolonged closure of the port would ripple through the local economy and could spark negative credit risk events for the city and state:

The bridge collapse threatens to disrupt aspects of the State of Maryland (Aaa stable) and City of Baltimore (Aa2 stable) economies. The suspension of shipping traffic to the Port of Baltimore will likely divert cargo to other East Coast ports, which may affect jobs and tax revenue. The accident also has the potential to hurt the transportation and warehousing sector, though that accounts for a small share of state...