A NYC office building at 321 W. 44th St. is set to be sold for less than $50 million. 67% Off What it sold for a few years ago.
Tuesday June 11th: Eye on Commercial Real Estate Collapse of 2024
The Commercial Real Estate Collapse will set off the Great Financial Collapse of 2024
A NYC office building at 321 W. 44th St. is set to be sold for less than $50 million
a 67% discount from where it was sold in 2018.
Previously this year a FedEx building in Ohio sold for $9 per Square foot
Xerox building in Washington DC (used to be considered great real estate) sold for over 80% less than it did a short time ago)
These scenarios are playing out in every region of the USA
Just last week the FDIC announced that 63 banks are teetering on the Brink of Insolvency
What do you think will happen when Banks get hit with these defaults?
Banks do not have the liquidity to absorb these losses, Everyone knows that!
Welcome to the Great Collapse of 2024, Where Bankers Profits are Privatized and their losses are socialized
Meanwhile in USAThe US is in a recession and the US leadership is in full on theft mode. We established over past 3 years of reporting how much theft is happening through insider trading on war stocks, energy stocks and other laundering schemes overseas.
The villagers inside the USA are facing increasing state of desperation.
It is clear that a significant portion of Americans are struggling to afford basic necessities and emergency expenses:Nearly 40% of Americans struggle to pay for basic needs like housing and food.
68% of Americans couldn't cover their living expenses for even a month if they lost their job.
57% of Americans cannot afford a $1,000 emergency expense.
Inflation has forced many Americans to spend significantly more just to maintain the same standard of living as before - an extra $11,400 per year on average according to one analysis.
Lower and middle-income households are especially strained, as they spend a larger portion of their income on essentials like food which have seen steep price increases.
63 Banks are teetering on insolvency
There are about 34 trillion in total US citizen bank deposits.
As of the first quarter of 2024, the Federal Deposit Insurance Corporation's (FDIC) Deposit Insurance Fund (DIF) stood at $125.3 billion.
125 billion goes into 34 trillion 272 times.
125 billion is approximately 0.3676% of 34 trillion
This means if you have $1,000 in the bank 0.367% of 1000 dollars is $3.67
You would recover $3.67 for every $1,000 you have deposited
Meanwhile a record 1.7 trillion dollars in Commercial Real estate loans are maturing in next 18 months
Most cities are facing record vacancies because of the Covid War (people can zoom and work from home)
Retail is getting crushed by shoplifting and consolidation, just like “ma and pa” retail got crushed by Walmart and Target.
People use Amazon for everyday items because when you go to Walmart for a razor, condom, ointment for cold-sore or anything over 9 dollars it is under lock and key
Unrealized bank losses are spiking to uncharted territory.
Gangs of kids will “carjack” a truck or SUV and use the vehicle as a battering ram while dozens of kids clear out inventory inside jewelry stores or Apple stores
The Chicago Purchasing Managers' Index (PMI), also known as the Chicago Business Barometer, is a monthly economic indicator that measures the health of the manufacturing and non-manufacturing sectors in the Chicago area. It's based on a survey of purchasing managers in the area who are asked about factors like new orders, production levels, employment, inventories, and delivery times.
The Only Thing Backing the Dollar
The United States operates a vast global network of military installations, with bases and facilities located in dozens of countries across every continent. Here are the key details about the extent of US military bases around the world:
The US has approximately 815 military bases in at least 80 countries worldwide, according to data from researchers. However, the exact number is difficult to pinpoint as not all information is publicly released by the Pentagon.
The countries with the highest number of US military bases are Japan (120 bases), Germany (119 bases), and South Korea (73 bases).
Other nations with a significant US military presence include Italy (36 bases), Kuwait (13 bases), the United Kingdom (26 bases), and Turkey (12 bases).
The US has around 173,000 troops deployed across 159 countries as of 2020.
The largest US military base in terms of personnel is Ramstein Air Base in Germany, with almost 9,200 active-duty personnel.
In the Middle East, the US has a substantial military footprint with over 30,000 troops stationed across multiple facilities in countries like Iraq, Syria, Kuwait, Qatar, and others.
The US also maintains military bases and facilities in regions like Latin America (e.g., Guantanamo Bay in Cuba), Africa (e.g., drone bases in Niger), and the Pacific (e.g., bases in Australia).
While the initial justification for many overseas bases was to counter the Soviet Union during the Cold War, the US has maintained and expanded its global military presence even after the Cold War ended.
The Best Way to Fight Back is Stack Silver and Gold
When Purchasing Real Estate is Not an Option, Where Do You Turn?
Millennials and GenZ are shut out of the housing market.
This happened recently in China (real estate purchasing unfeasible)
You still want to get your hands on tangible assets.
Steps
1. Convert your Federal Reserve Notes (printed money not backed by anything) to Silver and Gold. So you are not buying Silver; you're simply trading paper for real money!
2. Start with Silver, which is in "beast mode."
3 Gold will hit $3,000 this year.
4. Gold to Silver Ratio will hit 60 within a year (most likely). There are reputable precious metals analysts suggesting the Gold to Silver Ratio to go as low as 15 which would place silver at $200 per ounce
5. This places our Silver target at $50 within a year.
6. Today's price of Silver is about $30.50
7. The percentage increase from $30.5 to our price target of $50 is 63.93%
