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Angie's avatar

I hope Iowa doesn’t fall for the steel mill bullshit. They’re being mocked. Surely they see that?

Protect the Vote's avatar

PSA Metals Are Signaling The End Is Near: Cheeto As 21st Century Herbert Hoover

Cheeto will preside over the second Great Depression, this one in the 21st century. Bond yields have crossed over the 5% threshold, now currently at 5.234% which marks the beginning of a debt crisis where our country will not be able to cover its own debt service. Whether Yarvin who has said that “we need to burn the whole government down and start over” and his billionaire supporter Thiel and political suck up Vance saw this coming or not, they are going to get their wish partially fulfilled.

This economic disaster is a product of political irresponsibility on both sides but most spectacularly by the fascists currently in the Black House aided and abetted by SCOTUS and the fascists in Congress. At least half of the $40T in debt has been placed on the books by Cheeto and his fascist’s tax bill, rewarding his billionaire class with oligarchic status. The problem is that the AI industry is highly leveraged and those loans are going to come due. Only the more secure will survive

If you thought inflation was bad now, it will become catastrophic for many more as WE the People continue on this course. Metals are now signaling the downturn in the equity and bond markets as it did in 2008 when the downturn in metal and commodity prices in general went down before the equity market decline. The bond yields are saying that foreign buyers of America’s debt are demanding to be compensated for their risk.

The message being sent to WE the People is to get out of the equity and bond markets and into real money which is gold and silver.

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