Total balances on credit cards and other revolving accounts reached $1 trillion the week of July 26, up from $998 billion the prior week, the Federal Reserve Bank of St. Louis reported Friday. Bring in the banks fined $549 Million over use of WhatsApp and other messaging apps which add to nearly $2 billion in record-keeping fines last year for the improper policing of employee communications on private messaging services and it is a full house. Throw in the downgrading of 10 larger banks and half a dozen other actions Moody’s took to point out that they will not be the fall guys, this time, and there is a sense that the US government does not have an appetite for yet another bailout. And then segway into the inability of all of the financial institutions being able to sell their commercial real estate exposure to the private markets and you have a macro shitstorm. The continued push for a Bidenomics recovery falls flat in a rolling recession that everyone said would never happen and we are obviously in.
Things get a bit more complicated, though, when having to look at the Industry. First, materials are sky high and with the Yellow Trucking bankruptcy, the shipping chaos will only deepen. Here is a piece out from CNBC talking about the ports issue,
The number of vessels due to dock at the Port of Los Angeles and Long Beach is increasing as labor slowdowns at West Coast port terminals have impacted supply chain operations, from trucks to rails and ocean carriers.
On Wednesday, six vessels were delayed at the Port of Los Angeles, while two vessels at the Port of Long Beach were at anchor on arrival — unable to interface with the port operations, according to a vessel update announced by the Marine Exchange of Southern California Vessel Traffic Service, Los Angeles and Long Beach.
Data from MarineTraffic shows that vessel problems are shifting from isolated to more pervasive. Over the past 2½ months, average wait times at anchorage in LA were between a half-day to 1½ days, with service time averaging of two to five days.
At the APL Terminals in LA, docked vessels are now occupying space for as many as nine days.
And while Union Busting Joe is parading around his son by the hand like a Michael Jackson – Jeffrey Epstein sing along security tape — when the big hand touches the little hand — the reality is that Good ‘ol Pete B — Transportation Secretary Pete Buttigieg — is looking to bust up even more unions as the rail networks put out a red alert with respect to representing severe risk.
The fact of the matter is that allowing the elderly like Trump or Biden; McConnel or Feinstein, to continue bullshitting the American public is a dangerous thing. And special appointments of people like Pete B at Transportation because he has anal sex with another man — don’t sugar coat it, call it what it is — is why we have a war going on in Ukraine. Take the focus off of the issues in order to keep the people watching the House of Illusion.
It is going to get very bad regardless of your flavor of the financials because Main Street knows the game is over. They know that they are going to be on the hook for another COVID shutdown or Wall Street Gangbang.
It gets more scary, though. Foreclosurepedia just broke a story on how HUD Secretary Marcia Fudge — Jesus, what a name — has been missing in action for quite some time. She never wanted HUD and made no bones about the fact she felt she deserved the Secretary of Agriculture’s seat because she brought the Black Vote. See, that is the problem when Union Busting Joe decided to appoint everyone based on whether they perform homosexual acts, are aggrieved over no safe spaces next to the bike lanes on the roads, or believe that I honestly give a damn about slavery. Should it all be in history books — including the anal sex — sure. But name me one tribe, nation, or group of people whom haven’t enslaved, including their own? I am not on the morals committee nor do I honestly believe that appointing people for their perceived miscarriages of justice as opposed to their talents makes this any better society. I mean, hell, when we go down this path, we end up with Chuck Manson appointed Warden — fucker like that would rise from the dead for that position I promise you.
I digress. While Union Busting Joe has been out and about with his fuckery and Secretary Fudge on the lam, the HUD M&M FSM has fell into complete and total shit. No other word I can even imagine to describe it. Bridge contract after bridge contract which have resulted in the near bankruptcy of firms AWARDED the FSM and are not allowed to perform their duties is the star of the show currently operated by Cathy Baker and her miscreants named Nicole Jackson — read up on her in the Post Karnes M&M and lasted about 12 days — and Jimmy Fleming-Scott. I mean that last guy’s name you just cannot make up. Here is the problem,
These Bridge Contracts — Bridgegate — have been going on for years, now. The longest time in the history of the FSM to be precise. And lo and behold, we are now seeing that even the signatures on the Contracts are not legal. All except Chuck Hoyle’s. Great side story there about him and why Safeguard Properties may never participate in a HUD contract.
Attached below is a copy of the invalid signatures contract that HUD thrusted up in a knee jerk reaction this last time. Here is what you need to know, besides the fact that Jackson’s and Fleming-Scott’s signatures are invalid. First, how can you start paying on a contract weeks after it is issued if there is no retroactive statement? And if the day those funds were drawn are being backdated, what does that do to the HUD General Ledger? And the final piece — wait for it — what the fuck does the rule of law mean to HUD?
This is a shitshow, of #Epic productions, that both HUD and Guardian Asset Management have brought the American Public over the past several years. They refuse to communicate with anyone — INCLUDING LABOR — they refuse to acknowledge a damn thing to the very US taxpayers whom gave a whopping FORTY FIVE MILLION DOLLARS for NINETY DAYS of WORK and it is just yet another fleecing of both Labor and the American Public that no one wants to talk about.
If Labor is smart, they will not walk but run before the OIG steps in to figure out what the hell is going on and then claw back the monies over the past several years! Just my opinion, but I have generally been right over the past decade. More concerning, though, is what firms like JGM Property Group and 24 Asset Management are going to say when it comes to getting stuck like sacrificial pigs on the bribery altar of government contracting!
Check The Signature Note Top Right It Is The Reason Foreclosurepedia Pays For Adobe Docusign
