The Commercial Real Estate collapse of 2024 will make the 2008 Great Financial Collapse look like child's play
Outcrop Silver Feature.
by Jon Forrest Little
Never turn on mainstream media news unless you want to see evidence that you are being misled by taking heads that read press releases by Fiat Currency Overlords.
You will never hear that the USA has been in 251 wars since 1991, but we have the source in the footnote section of this news article.
You will be told a lie: "That The Economy has Never Been Stronger."
The truth is the Following.
The Commercial Real Estate collapse of 2024 will make the 2008 Great Financial Collapse, which was residential, look like child's play.
FACTS
The commercial real estate (CRE) crisis is intensifying before our eyes.
The Xerox building in Washington, DC, sold for $25 million.
It was last purchased for $145 million just over a decade ago, in 2011.
This reflects an 83% LOSS on the 19-story office building.
These types of headlines are happening daily now.
Another FACT
United Parcel Service (The delivery engine of the Consumer-based economy ) just announced it is laying off 12,000 workers.
12,000 workers is a staggering number because this is "The canary in the coal mine," an indicator that US workers have lost their discretionary income. After all, the US dollar has lost almost all of its purchasing power.
Workers are working 2 and 3 jobs and still not keeping up with costs.
Wages have not kept up with the cost of housing, healthcare, food, energy, credit card debt, and everything else.
According to the US Census Bureau, the latest population estimates for cities and towns reveal that about 76% of the approximately 19,500 incorporated places had fewer than 5,000 people, with almost 42% having fewer than 500 people.
To put this in perspective, United Parcel Service laid off all the people living in 24 cities and wiped them out completely.
But the news gets much worse.
Number one: Apple, the largest company in the World, reports a significant decline in its consumer products.
Number two: The wealth divide between the rich and poor is intensifying.
Number three: Mergers and acquisitions are pushing out independently owned businesses
Number four: Cities that once had robust trade of family-owned companies are bankrupt and shuddered
Local hardware stores, Local stationary stores, Local Pet supply stores, Local electronic stores... Are either dangling by a thread or destroyed
The Ruling Class and their corporate clients have smashed the citizens to smithereens.
US Debt is over $34 Trillion Dollars
Servicing the Debt is the #1 Budget Line item
Unfunded liabilities (social security, Medicare, VA Benefits) over $120 Trillion
Commercial Real Estate Collapse
Layoffs across all sectors.
2/3 of World are Dumping US dollar like Hot Potato
Silver is in year 4 of Massive Deficit Amidst spikes in demand for satellites, rockets, missiles, bombs, air craft, space craft, space station, solar demand in China alone to reach 1 Terawatt (1000 GW x 500,000 ounces = 5,000,000,000 ounces of silver required WE DO NOT HAVE
There are no new discoveries of Silver
Mexico is in 25% decline in past 1.8 years
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