Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By William Reed
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

John Perez: Biggest Housing Collapse in US History Has Begun, 60-70% Price Drop Expected

Friday, September 22, 2023 7:51

% of readers think this story is Fact. Add your two cents.

Stay Informed: Click Here to Join Our Telegram Channel Now!

The horizon is being cloaked in ominous dark clouds, overshadowing what was once deemed the land of boundless opportunities. An unparalleled storm is on the rise, one that could very well destabilize the foundational pillars of our financial framework. Whispers of an impending credit catastrophe carried by the winds of change hint at the potential to submerge countless American households into an overwhelming tide of debt and desolation.

In recent times, the bastions of the banking world, which for so long stood as symbols of reliability, find themselves in a precarious position. The credit stream, the very essence of the American dream, is now in danger of running dry, potentially leaving millions of dreams parched.

The chilling remnants of a past economic downturn linger in our collective psyche. A phase when an innumerable populace found their aspirations crumbled and faced a future fraught with uncertainty. That bygone credit crisis was characterized by individuals wrestling with bankruptcy, property seizure, and the agonizing incapability to sustain their families. Alarmingly, we might be witnessing history’s sinister shadow once more.

URGENT!! The Great American Debt Tsunami: Unmasking the Hidden Forces That Will Wipe Out Your Savings Overnight!

Though there was a relative period of economic buoyancy from 2013 to 2019, during which consumer debt remained steady, the unexpected tribulations of a worldwide health crisis disrupted our economic mechanisms. In an effort to steer through these stormy seas, Americans leaned ever more on credit, unfortunately sinking further into financial quicksand.

Now, the burden of this mounting debt is choking many. Data from the Federal Reserve Bank of New York is disheartening: we’ve crossed the trillion-dollar threshold in credit card debt. This sharp escalation, in conjunction with rising inflation and ballooning interest rates, is causing family finances to teeter.

To put things in perspective, within a year, credit card balances escalated by an astounding 45 billion dollars. The collective household debt has skyrocketed to a staggering 17.06 trillion dollars, reflecting a 15 percent increase from before the pandemic. With living costs surpassing income increments, a considerable portion of the populace is resorting to credit as a lifeline, but it’s a lifeline that’s fraying rapidly.

Red Alert! U.S. Doomsday Plane Turns Off Transponder Mid-Flight! The U.S. Government’s VIP Plane Heading to a Bunker! The Truth Behind the Recent Military Activity!

Financial pundits are raising red flags. The average American household is now saddled with a formidable debt of over ten thousand dollars on credit cards alone. Given the record-high interest rates, managing this debt is becoming an Everest for many. The Federal Reserve’s rigorous strategies have elevated interest rates to peaks not seen in decades. The fallout? A staggering average credit card interest rate of around 20.6 percent, pushing the envelope for many consumers.

The writing, as they say, is on the wall. A poll unveils that a whopping 74 percent of Americans are uncertain about settling their credit card balances. In a distressing trend, a noticeable spike in emergency withdrawals from retirement accounts like 401Ks has been observed. The constricting noose of credit accessibility is tightening, affecting over 60 percent of Americans.

In these challenging times, it becomes paramount to heed the signs, adapt, and navigate the impending storm with caution and resilience.

URGENT: EBS’s 10 Days of Global Silence Explained! Global Banking Crisis, The Startling GESARA Transition, QFS+RTGS Innovations, and China’s Mysterious Empty Metropolises!

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).

Online:
Visits:	1,551,337,991
Stories:	8,045,355