Editor’s Commentary: When this story first came across my virtual desk this week, I passed on it. The article makes important points, but frankly, I believed our audience here is so violently aware that the Fed is trying to demolish the economy that I didn’t see a reason to beat a dead horse.
As it turned out, the decision to not publish it originally was the right one for the wrong reason. It was just a couple of days early, that’s all. With reports coming over to me of the central bankers and their government proxies ramping up their push for Central Bank Digital Currencies (which I will be writing about profusely next week), I determined that the article by Michael Snyder was the appropriate primer ahead of what’s coming.
Then, there’s the issue of retirement and wealth protection. It’s no secret that I’m a fan of precious metals and that I’ve vetted out two America First companies to recommend to my readers, but in light of the low prices, temporarily high dollar, and the push by the Fed to tank the various markets in which many Americans are currently invested, it makes sense to reiterate the need to move to precious metals. Everything that Michael talks about below combined with the rush to force CBDCs onto America and the world tells me my recent shift toward endorsing precious metals was quite prudent.
For those of us who are more concerned about paying our bills and putting food on the table than our retirement funds, it’s important to know the direction the powers-that-be are taking us. They are trying to destroy the economy because they NEED to destroy the nation if they are to achieve The Great Reset. Even if you’re not currently investing, it behooves you to take heed of what’s happening so you can prepare for the financial hardships that are being pushed onto tens of millions of Americans. Here’s Michael’s article…
They know exactly what they are doing. The “experts” that run the Federal Reserve know that if they dramatically hike interest rates it will cause countless American workers to lose their jobs and it will absolutely crush the housing market. And even though those two things are already starting to happen, they just announced another massive rate hike. If there was a school for central bankers, one of the very first things that they would teach you is that you should never, ever raise rates as an economy is plunging into a recession. Every Fed official knows what has happened in the past when rates have been hiked at the beginning of an economic slowdown, but they are doing it anyway. To call this “economic malpractice” would be a major understatement, and the American people should be deeply alarmed about what they are doing to us.
After everything that has already happened, it is hard to believe that Fed officials would continue to be so reckless. On Wednesday, it was announced that rates would be raised by another 75 basis points…
The Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points for the third straight month as it struggles to bring scorching-hot inflation under control, a move that threatens to slow U.S. economic growth and exacerbate financial pain for millions of households and businesses.
The three-quarter percentage point hikes in June, July and September — the most aggressive series of increases since 1994 — underscore just how serious Fed officials are about tackling the inflation crisis after a string of alarming economic reports. Policymakers voted unanimously to approve the latest super-sized hike.
It was a unanimous vote.
There wasn’t even one dissenting voice.
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Have they gone completely mad?
Wall Street certainly did not like this decision. The Dow plunged hundreds of points immediately after it was announced…
The Dow Jones Industrial Average slid 522.45 points, or 1.7%, to close at 30,183.78. The S&P 500 shed 1.71% to 3,789.93, and the Nasdaq Composite slumped 1.79% to 11,220.19.
The S&P ended Wednesday’s session down more than 10% in the past month and 21% off its 52-week high. Even before the rate decision, stocks were pricing in an aggressive tightening campaign by the Fed that could tip the economy into a recession.
For ages, the Fed coddled the financial markets, but now it is almost as if they don’t even care anymore.
Personally, I am far more concerned about what will happen to ordinary hard working Americans in the months ahead. Even Jerome Powell is admitting that “an increase in unemployment” is likely because of what the Fed is doing…
“I think there’s a very high likelihood we will have a period of … much lower growth and it could give rise to an increase in unemployment,” he said.
Will that mean a recession?
“No one knows whether that process will lead to a recession or how significant a recession it will be,” Powell said. “I don’t know the odds.”
Actually, we are in a recession right now.
And Powell and his minions just made things a whole lot worse.
Even Democrats understand this. After the rate hike was announced, Senator Elizabeth Warren went on Twitter and warned that “millions of Americans” could soon lose their jobs…
.@federalreserve’s Chair Powell just announced another extreme interest rate hike while forecasting higher unemployment. I’ve been warning that Chair Powell’s Fed would throw millions of Americans out of work — and I fear he’s already on the path to doing so.
This is one of the rare occasions when Elizabeth Warren is right on target.
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As I have been documenting on my website for weeks, large numbers of Americans have already been getting laid off.
In fact, things are already so bad that even Facebook is trimming their numbers…
As growth stalls and competition intensifies, Facebook parent Meta has begun quietly cutting staff by reorganizing departments, while giving ‘reorganized’ employees a narrow window to apply for other roles within the company, according to the Wall Street Journal, citing current and former managers familiar with the matter.
By shuffling people around, the company achieves staffing cuts “while forestalling the mass issuance of pink slips.”
So why would the Fed choose to raise rates when layoffs are already beginning to spike?
Higher rates are also having a devastating impact on the housing market.
This week, we learned that sales of existing homes have now fallen for seven months in a row…
Home sales declined for the seventh month in a row in August as higher mortgage rates and stubbornly high prices pushed prospective buyers out of the market.
Sales of existing homes — which include single-family homes, townhomes, condominiums and co-ops — were down 19.9% from a year ago and down 0.4% from July, according to a report from the National Association of Realtors.
Someone should start putting “Jerome Powell did this” stickers on for sale signs all over the nation.
Because this didn’t have to happen.
Now the housing market is already in a “deep recession”, and the Fed just keeps making things even worse…
The prolonged downturn in confidence shows the housing market has been “in a tailspin for the whole of this year,” according to Pantheon Macroeconomics chief economist Ian Shepherdson.
“Activity tracks mortgage applications with a lag, and the early September numbers are grim, even before the full hit from the rebound in mortgage rates in recent weeks works through,” Shepherdson said in a note to clients on Monday.
“In short, the housing market is in a deep recession, which is already hammering homebuilders and will soon depress housing-related retail sales,” he added.
The Fed seems determined to kill the economy.
But why?
Why would they do this?
One analyst that was just quoted by Fox Business is warning that “times are going to get tougher from here”…
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“With the new rate projections, the Fed is engineering a hard landing — a soft landing is almost out of the question,” said Seema Shah, chief global strategist of Principal Global Investors. “Powell’s admission that there will be below-trend growth for a period should be translated as central bank speak for ‘recession.’ Times are going to get tougher from here.”
Yes, times are definitely going to get tougher from here.
In fact, we are eventually headed for a meltdown of epic proportions.
But instead of working to prevent a historic crisis, the Federal Reserve is actually encouraging one.
The American people deserve some answers, because there is something about all of this that really stinks.
***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***
About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com. In addition to my new book I have written five other books that are available on Amazon.com including “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, “Get Prepared Now”, 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 digital copies as gifts through Amazon 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.
I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help. These are such troubled times, and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.
When preparing for societal collapse, don’t forget the water!
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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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:
- MyPillow: Use promo code “NOQ” to get up to 66% off AND you’ll be helping a patriotic, America First company.
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- 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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