Click (Natural News) to read whole article below and listen to the “Situation Update” audio by Mike Adams dated 05/05/2022
The most epic and dangerous economic storm in history is now upon us… and there’s no way out. The central banks and government kleptocrats have set the trap for themselves, and now they’re caught with no escape.
Yesterday the Fed just raised interest rates by 50 basis points (0.5%) in an effort to stem the tide of exploding inflation. But with real inflation at anywhere from 15% – 25%, the tiny gesture of 0.5% will have little effect at halting inflation.
It will, however, have a huge effect on real estate markets which, I publicly predicted three weeks ago, have already reached their peak. (I called the “top” of the real estate market around April 18th.) Higher interest rates mean higher costs to service mortgage loans, and that makes it more difficult for potential buyers to qualify for bank loans on overpriced housing and land. The result will be swift: A rapid unwinding of the housing bubble that was catapulted into place by absurdly low interest rates and seemingly endless money printing…