Economy

India imports more silver in the first four months of 2024 than in all of 2023 – India imports more silver in 4 months of 2024 than in all of 2023

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– India imports more silver in 4 months of 2024 than in all of 2023:

Synopsis

India’s silver imports in the first four months of 2024 have surpassed the total for all of 2023, driven by rising solar panel demand and investor interest. The country imported a record 4,172 metric tons, up from 455 tons a year ago. This surge supports global prices and outperforms gold.

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– India imports more silver in the first four months of 2024 than in all of 2023:

India’s silver imports in the first four months of this year have already exceeded the total for all of 2023, fueled by increasing demand from the solar panel industry and investors banking on silver outperforming gold, according to government and industry officials.

This significant rise in imports by the world’s largest silver consumer could support global prices, which are currently trading at their highest levels in over a decade.

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Is The Stage Being Set For The Global Food Crisis Prophecy Of Revelation 6:6?

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– Is The Stage Being Set For The Global Food Crisis Prophecy Of Revelation 6:6?:

Will we soon see a major prophecy in the Book of Revelation be fulfilled?  Global food prices have been skyrocketing and hunger has been spreading like wildfire all over the world.  We desperately need 2024 to be a year of good harvests, but unfortunately weather patterns are not cooperating at all and bad news about harvest forecasts just continues to pour in from many of the planet’s most important agricultural regions.  Global food supplies just keep getting tighter and tighter, and the agricultural price spikes that we are witnessing right now are definitely quite ominous.  Could it be possible that the stage is now being set for the global food crisis prophecy of Revelation 6:6?  In that verse, we are warned of a time when food prices will soar to absolutely frightening levels…

Then I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a day’s wages, and three quarts of barley for a day’s wages, and do not harm the oil and the wine.”

We certainly haven’t reached that point yet.

But are we on the way there?

In this article, I would like to share what has been going on with a number of our most important agricultural commodities recently.

Read moreIs The Stage Being Set For The Global Food Crisis Prophecy Of Revelation 6:6?

The World Has Accumulated A $315 Trillion Mountain Of Debt, And Global Events Will Soon Bring It Crashing Down

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Yes, this is bad, BUT…

Flashback:

– Social Security is going bust. By a lot. Unfunded liabilities for Social Security and Medicare exceed $160 TRILLION (!)

– Gundlach Warns America’s “Unfunded Liabilities” Are $163 Trillion, More Than 5x National Debt

In 2010:

– Prof. Kotlikoff: ‘The US is bankrupt’, Government Debt At $200 Trillion – 840 Percent of Current GDP

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In 2015…

– $60 Trillion Of World Debt In One Visualization

NOW…

– The World Has Accumulated A $315 Trillion Mountain Of Debt, And Global Events Will Soon Bring It Crashing Down:

I suppose that congratulations are in order.  It is no small feat to pile up a debt of $315,000,000,000,000, and we will never see a mountain of debt of this magnitude ever again after it comes crashing down.  Even though delinquency rates are rising all over the world, as long as conditions remain at least somewhat relatively stable the game will be able to continue.  Unfortunately, conditions won’t be relatively stable for long.  Global events have started to accelerate significantly, and that is really going to shake things up in the months ahead.

According to a report that was just released by the Institute of International Finance, the total amount of debt in the world has reached a grand total of 315 trillion dollars…

Read moreThe World Has Accumulated A $315 Trillion Mountain Of Debt, And Global Events Will Soon Bring It Crashing Down

Time To Pay Satan: Canadian Asset Manager Blocks Cash Distributions On Private Credit Funds

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– Time To Pay Satan: Canadian Asset Manager Blocks Cash Distributions On Private Credit Funds

Just one day after JPMorgan CEO Jamie Dimon said private credit could spark turmoil if when the opaque sector of financial markets weakens, warning that “there could be hell to pay,” and adding that he has “seen a couple of these deals that were rated by a rating agency and, I have to confess, it shocked me what they got rated. So, it reminds me a little bit of mortgages”, Satan has just sent his first invoice to the banking industry.

After scaring his fellow bankers, perhaps in hopes of sparking another mini bank run and getting the FDIC to gift him with yet another bank, it turns out that perhaps Jamie Dimon was correct that “not all the people doing [private credit] are good,” and earlier today Bloomberg brought us the first notable example of a “bad” doer when it reported that Canadian investment manager Ninepoint Partners is “temporarily” suspending cash distributions in three of its private credit funds, making it the latest, and certainly largest, lender to put a squeeze on investors to cope with a private credit liquidity crunch.

Read moreTime To Pay Satan: Canadian Asset Manager Blocks Cash Distributions On Private Credit Funds

Russian Firms Adopt Stablecoins In Cross-Border Transactions With Chinese

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– Russian Firms Adopt Stablecoins In Cross-Border Transactions With Chinese:

The stablecoin sector is gaining momentum after a new Bloomberg report revealed that Russian commodities firms have adopted fiat-pegged digital currencies to execute cross-border transactions with Chinese counterparts.

Russian commodities firms, trading anything from base metals to timber, have started using Tether Holdings Ltd.’s stablecoin to settle cross-border transactions with Chinese customers and suppliers. These settlements are being routed through Hong Kong.

The appeal of stablecoins comes as the US Treasury Department has unleashed endless rounds of sanctions on Chinese and Russian companies for various reasons, ranging from a trade war between Washington and Beijing to a hot war in Eastern Europe.

The increased utilization of stablecoins comes more than two years after Russia invaded Ukraine and highlights how Moscow has adapted to a changing economic environment where seven Russian banks were banned from the SWIFT messaging system.

Read moreRussian Firms Adopt Stablecoins In Cross-Border Transactions With Chinese

‘Kohllapse’: Retailer Routed As Consumer Turnaround Stalls

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– ‘Kohllapse’: Retailer Routed As Consumer Turnaround Stalls:

Shares of Kohl’s Corp. crashed during the early morning cash session following a dismal earnings report. Or better yet, let’s call it what it is: a ‘Kohllapse’…

Kohl’s slashed guidance for the full year after reporting first-quarter results that missed about every metric.

Comparable sales, which measure the performance of stores open for more than one year, dropped 4.4% in the quarter ended May 4 — the ninth consecutive decline. Analysts tracked by Bloomberg were expecting a 1.74% decline.

Here’s a snapshot of the first quarter (courtesy of Bloomberg):

Read more‘Kohllapse’: Retailer Routed As Consumer Turnaround Stalls

France’s Macron Backs Ukrainian Strikes Inside Russia

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WW3 is coming…

…and exactly when the people around the world call for peace and hope that the coming peace conference held in Budapest will be a success it (WW3) will begin, as planned by TPTB and as predicted.

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– France’s Macron Backs Ukrainian Strikes Inside Russia:

Authored by Ryan Morgan via The Epoch Times,

French President Emmanuel Macron signaled his support for Ukrainian forces to begin striking across their eastern border into Russia, ratcheting up support within the North Atlantic Treaty Organization (NATO) for attacks inside Russia.

Speaking at a press conference on Tuesday alongside German Chancellor Olaf Scholz, Mr. Macron noted that Russian forces have launched missiles from within their internationally-recognized territory, which have then flown across the border into Ukraine’s eastern Kharkiv region. Mr. Macron said Ukraine must therefore be able to strike inside Russia to stop these types of attacks.

“We think we must allow (Ukraine) to neutralize the (Russian) military sites from which the missiles are fired, but not other civilian or military targets,” the French president said.

Mr. Macron’s remarks come as NATO Secretary General Jens Stoltenberg has increasingly signaled support for NATO members to give Ukrainian President Volodymyr Zelenskyy their blessing to use NATO-supplied weapons to strike inside Russia.

“The time has come for allies to consider whether they should lift some of the restrictions they have put on the use of weapons they have donated to Ukraine,” Mr. Stoltenberg said in a May 25 interview with The Economist. “Especially now when a lot of the fighting is going on in Kharkiv, close to the border, to deny Ukraine the possibility of using these weapons against legitimate military targets on Russian territory makes it very hard for them to defend themselves.”

Addressing the NATO Parliamentary Assembly on Monday, Mr. Stoltenberg again offered his support for Ukrainian forces to strike inside Russia’s borders.

“Self-defense includes the right to also attack legitimate military targets inside Russia,” the NATO chief said. “That’s self-defense and they have the right to self-defense, and we should help them to uphold the right of self-defense.”

Read moreFrance’s Macron Backs Ukrainian Strikes Inside Russia

Since Bill Gates has cashed out his COVID vaccine stock for over $500 million he is now claiming that COVID vaccines are problematic. Jimmy Dore calls him out on his new venture. (Video)

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Watch: NYU Grads Go Into Debt For These Worthless Degrees

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– Watch: NYU Grads Go Into Debt For These Worthless Degrees :

You’re about to meet a group of New York University graduates with fresh degrees, likely burdened with a few hundred thousand dollars in debt unless their elite liberal parents footed the bill. Many companies are increasingly viewing woke degrees as liabilities rather than assets.

If these graduates are lucky—and don’t end up as Starbucks baristas—they will have a bright and colorful future at some woke mega-corporation. There, they will be placed in non-productive managerial roles to advance destructive ESG and DEI movements.

It all starts at NYU classrooms indoctrination camps, where the kids are being uploaded the woke mind virus by activist professors. These kids are being brainwashed into not improving society but, in fact, being managers to spread wokesim to dismantle Western society.

In return, these corporations can out woke each other – and they have. Remember the Bud Light incident more than a year ago?

The brewer’s pro-trans marketing executive nuked the brand by featuring transgender influencer Dylan Mulvaney in a TikTok promotional ad in April of 2023, an attempt to score high brownie points with DEI & ESG indexes. Again, these woke degrees are not productive and are only a means to spread wokeism, which is at risk to the company’s brand.

The problem with these useless degrees is that they’re based on a woke system. With an anti-woke tide sweeping the nation and wokeism falling apart, some degrees are worthless.

Furthermore, New Discourses, an expert on the woke mind virus, recently wrote an open letter to students, explaining that pursuing woke degrees in college won’t lead to a positive outcome in the end.

Let’s get back to an education system that focuses on actual learning, not woke activism. This is destructive, and that is why Elon Musk is seizing the opportunity to create a new university.

Don’t worry. The Biden administration will be bailing these folks out. 

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Seattle Squatters Smug As County Swamped With ‘Enormous Backlog’ Of Eviction Cases

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Everything is collapsing right in front of our eyes…

(If you can please make a small donation.

This would be very helpful indeed.

Doesn’t have to be much.

Donations, at least here at I. U., seem to be the rarest thing on earth.)

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– Seattle Squatters Smug As County Swamped With ‘Enormous Backlog’ Of Eviction Cases:

Washington’s King County, which includes Seattle, is drowning in a significant backlog of eviction cases, leaving thousands of landlords and tenants in limbo for more than six months in some cases.

Prior to the pandemic, evictions took 6-7 weeks if a tenant needed the boot. Now, an “unlawful detainer” eviction case in Seattle or surrounding areas won’t be heard until 2025.

“There’s a pretty enormous backlog,” said Edmund Witter from the King County Bar’s Pro Bono Services, Fox13 reports. “If you’re a landlord trying to evict someone, it could take months to get a hearing date. That’s the big issue.”

According to King County Councilman Regan Dunn, the last year has been particularly bad – with an estimated 2,200 to 6,500 unresolved cases, and roughly 600 new eviction requests each month.

“Why we’re seeing a lot of evictions right now is that there was a decent safety net over the last couple of years due to COVID,” said Witter – who added that his office is overloaded and has a list of 1,500 renters who need representation.

“We see tenants with $2,000 to $3,000 rent increases,” Witter said. “The cost of living is too high, andpeople cannot afford housing. They’re getting crushed underneath it, and that’s why we’re seeing record numbers of evictions.”

Read moreSeattle Squatters Smug As County Swamped With ‘Enormous Backlog’ Of Eviction Cases