Ripped From The Headlines, February 2, 2023
Chinese Spy Balloon STILL Somewhere Over The US, More Americans Tap 401K's, A Trillion Dollar Coin? - Read, Share, & Subscribe - SherlocExposes.com
We Are The Watchmen On The Wall
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"The government has been monitoring a suspected Chinese surveillance balloon that has been hovering over the northern U.S. for the past few days, and military and defense leaders have discussed shooting it out of the sky, according to two U.S. officials and a senior defense official.
'The United States government has detected and is tracking a high-altitude surveillance balloon that is over the continental United States right now,' Pentagon spokesperson Brig. Gen. Pat Ryder told NBC News. 'We continue to track and monitor it closely.'
'Once the balloon was detected, the U.S. government acted immediately to protect against the collection of sensitive information,' Ryder said.
The high-altitude balloon was spotted over Billings, Montana, on Wednesday. It flew from the Aleutian Islands, through Canada, and into Montana. A senior defense official said the balloon is still over the U.S. but declined to say where it is now."
"Squeezed by higher prices and short on cash, more Americans are tapping their 401(k)s for financial emergencies.
A record 2.8% of the five million people in 401(k) plans run by Vanguard Group tapped their retirement savings in 2022 to cope with hardships such as medical bills, eviction, or foreclosure, the company said. That is up from 2.1% in 2021 and a pre-pandemic average of about 2%.
This increase in the number of people taking hardship withdrawals is partly driven by several government moves since 2018 that have loosened the rules for taking such distributions from retirement accounts.
Vanguard says individuals’ personal financial situation was also a factor, with U.S. households showing some signs of economic stress. In September, credit card balances returned to prepandemic levels. In December, Americans saved 3.4% of monthly income, down from 7.5% a year earlier. Companies including Amazon.com Inc. and Microsoft Corp. have recently announced layoffs.
The withdrawals are 'evidence that some families may be feeling the pinch and drawing on their 401(k) balances to relieve that financial stress,' said Fiona Greig, global head of investor research and policy at Vanguard."
"The debt limit standoff between Republicans and Democrats has elevated questions about creative solutions for averting a crisis, including one that at first blush might seem unthinkable: Could minting a $1 trillion platinum coin make the whole problem go away?
What was once a fringe idea is now being presented to top economic policymakers as a serious remedy.
Asked on Wednesday about the notion that there might be another option if Congress failed to lift the borrowing cap, Jerome H. Powell, the Federal Reserve chair, said there was not.
'There’s only one way forward here, and that is for Congress to raise the debt ceiling so that the United States government can pay all of its obligations when due,' Mr. Powell said. 'Any deviations from that path would be highly risky.'
As political gridlock over the borrowing cap has hardened, the notion that the Treasury secretary could defuse the debt limit drama with her currency minting powers has re-emerged, including on Twitter, where the hashtag #MintTheCoin is again buzzing.
Still, the feasibility of averting America’s debt crisis by minting a valuable piece of currency is far from clear."
“What In The World!?!?” Thursday, Ripped From The Headlines. Things To Ponder:
“Come On… It’s JUST A Balloon…”
That’s basically what the federal government of the UNITED STATES is saying about A CHINESE SPY BALLON OVER THE NORTHERN UNITED STATES RIGHT NOW…
Yes, the caps are for effect… just in case you missed it.
Obviously, this is total insanity… a foreign interloper just performed the equivalent of breaking into your house, with you in it, and sitting on your couch watching tv…
While asking you “What’s for dinner?”
But the real kicker is the response:
“The high-altitude balloon was spotted over Billings, Montana, on Wednesday. It flew from the Aleutian Islands, through Canada, and into Montana. A senior defense official said the balloon is still over the U.S. but declined to say where it is now.”
WHAT!?!?!?
Friends, we are at the End of Days. Stand up and demand action.
“Everything is TOTALLY AWESOME! Oh Wait, I Need To Borrow A Few Bucks…”
The first part of that sentence is what the government and its supporters want you to believe…
The second part is what you feel.
See how those two things don’t match?
As we reported here back in December, 401k hardship withdrawals hit a record high…
Now, we have another record high…
Guess everything isn’t awesome after all…
Don’t let the news teasers fool you.
Brace For Impact.
“ONE TRILLION DOLLARS…”
Sorry, we had to do it…
Because the story from The New York Times is so insane…
You may be asking why we decided to share it if it was so insane… Here’s why:
PEOPLE ARE SERIOUSLY CONSIDERING IT AS A SOLUTION.
And they plan for you to be the patsy at the poker table.
Don’t be the patsy.
Know. Your. Foe.
What Does This Mean?
The screws are being turned on your future… in the worst way possible.
Ask yourself how much longer this can go out before the bottom falls out.
Why Should I Care?
Look at this:
You should care.
What Should I Do?
Start thinking about the basics that people will need, and look at those things as potential avenues to protect yourself and as an investment.
Do you know why Berkshire Hathaway’s stock is so expensive?
They touch 90% of your life every day, and you don’t even realize it. That’s inflation/deflation/recession/depression insurance. You’ll still need toilet paper and toothpaste.
You should also tell as many people as you can about what’s happening. Don’t leave people behind, while we still have a window to help them.
A quick way to do that: Share this newsletter… heck, take from it, and do your own. We give you permission…
Take the time to learn more about Parallel Economies, and find alternatives to the things you use today… food, money, and transportation.
GET MOVING ASAP.
James Wesley, Rawles, publisher of SurvivalBlog.com has put together a “bookshelf” list of key things you should have. CLICK HERE to access the list.
Plus a recap of the 50 things you should have handy to barter.
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