conservative playbook
  • Home
  • Opinions
  • News
  • Videos
  • Contact
  • Home
  • Opinions
  • News
  • Videos
  • Contact
Conservative Playbook
No Result
View All Result
Home Opinions
Janet Yellen (2)

Rulers Warn: Stocks Will Plunge if They Default on the Debt

by Mac Slavo
May 23, 2023
Kirk Elliott Expert

The United States ruling class is warning of economic turmoil if it defaults on its debt. The White House says to expect a “deep recession” and a stock market bloodbath as it plunges 45%.

The deadline for the ruling class to lift the debt limit is rapidly approaching in early June as Treasury Secretary Janet Yellen exhausts all of the department’s “extraordinary measures”. Most of those measures are nothing more than fear-mongering and propaganda.  If a debt ceiling deal isn’t reached, it could mean the Treasury forgoes Social Security payments, payments to Medicare and Medicaid, and ultimately payments to U.S. bondholders, according to a report by Yahoo News. 

  • The Truth About What The Banking Crisis REALLY Means For Your Money
  • Prepare For The New System: A “Crisis of Epic Proportions” Is Coming

If the ruling class allows itself to default, it will surely use this as an excuse to usher in the fully controlled new slave system of central bank digital currencies.

  • The Endgame: Central Bank Digital Currency

“The closer the US gets to the debt ceiling, the more we expect these market-stress indicators to worsen, leading to increased volatility in equity and corporate bond markets and inhibiting firms’ ability to finance themselves and engage in the productive investment that is essential for extending the current [economic] expansion,” The White House CEA said in a May 3rd post.

Additionally, millions of people would lose their jobs and a sharp economic contraction would lead to a massive recession, the CEA warned. “In the third quarter of 2023, the first full quarter of the simulated debt ceiling breach, the stock market plummets 45%, leading to a hit to retirement accounts; meanwhile, consumer and business confidence takes substantial hits, leading to a pullback in consumption and investment,” the CEA said, adding that unemployment would increase by 5 percentage points.

“Without the ability to spend on counter-cyclical measures such as extended unemployment insurance, Federal and state governments would be hamstrung in responding to this turmoil and unable to buffer households from the impacts,” the CEA explained.

MyPillow 2.0

“Hamstrung” is what the government should be before they cease to exist at all.

However, according to the CEA, U.S. households mong the slave class would be unable to turn to the private sector for loans because interest rates for credit cards and personal loans would “skyrocket”.

Article cross-posted from SHTF Plan.

Skip the gold scams and go straight to the smart money with bullion. Contact Kirk Elliott and get true guidance instead of just another sales pitch.
Tags: Debt CeilingDefaultEconomyJanet YellenLedeSHTF PlanStock MarketsTop Story

Comments 6

  1. Greg Miller says:
    1 week ago

    Let it default, shut down D.C. and stop paying these corrupt politicians.

    Reply
  2. Andro says:
    1 week ago

    If the left, the elites and world leaders are saying this, then I’m all for letting the govt default. They are lying fearmongers and need their wings clipped. The govt will not collapse, but all the spending on evil BS can come to a grinding halt and we would all be grateful. The GOP should tell Biden to GF himself and let it happen.

    Reply
  3. notoolmech says:
    1 week ago

    All BS.
    The Gov runs the printing press. They don’t run out of money. They just make your money more worthless by doing so.
    No politician in DC should be on a salary. They should get a per diem for room and board during the legislative session and that is it. Remove the money from these positions and patriots will fill them. As long as politicians can vote themselves raises we no longer have a republic.

    Reply
  4. Tim Greenwood says:
    1 week ago

    1. We need to remind this egotistic idiots that they are supposed to be our representatives!
    2. This is just the typical Leftist socialist Democrat fear mongering.
    3. Going into default is Not what you think, and may well be much better for the nation than capitulating to out of control $trillion funding what is destructive the nation.

    Reply
  5. Biff says:
    1 week ago

    Why would stocks go down? Private companies don’t need the worthless Federal government. Seems like people would pull their money out of T-bills and invest in the market if the government defaults. So stocks should go up.

    Reply
  6. keann says:
    1 week ago

    Fear mongering again. The US has defaulted numerous times and every time they devalue the US dollar by printing pretend $$ it is another form of default.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Copyright © 2021 NOQ Report.

No Result
View All Result
  • Home
  • Opinions
  • News
  • Videos
  • Contact

© 2023 JD Rucker

Session expired

Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.

>