Office Building Bust Takes Hold in U.S.; Banking Bust to Follow
Office Building Bust Takes Hold in U.S.; Banking Bust to Follow
Don't worry....when all else fails they take you to war
Gerald Celente, the publisher of the Trends Journal, spoke to Francis Hunt’s “The Market Sniper” podcast about how the worldwide Office Building Bust will lead to Banks Going Bust.
“People aren't going back to work, and there's going to be a bust that is unbelievable,” Celente said.
The two noted that these office buildings cannot easily be converted into high-end apartments.
The Trends Journal has been saying for months that banks will start going bust when office building landlords can’t pay their mortgages, and it’s happening.
Repeating what we had long forecast, Pacific Investment Management Co. announced that it is anticipating more regional bank crashes because of these loans going bust, Bloomberg reported.
“The real wave of distress is just starting” for lenders to everything from malls to offices, John Murray, Pimco’s head of global private commercial real estate team, said, according to the report.
No shit.
The Trends Journal is completely ignored by the mainstream because we do not follow a narrative and give our readers only the facts. Being ad-free, we don’t sell out like the mainstream media does to their advertisers and money-junky owners.
But don’t worry….when all else fails, they take you to war.
The office vacancy rate in the nation is a symptom of the physical economic collapse policy that was implemented following Nixon’s actions to float the dollar on the 15th of August 1971. . Nixons action signaled to City of London and Wall St banksters a reversal of Bretton Woods regulations and the beginning of unbridled speculation. Two years later the oil spot market was created in reaction to an OPEC embargo following Kissinger’s actions to provoke war in the Middle East. From that period on until now, the US has been driven into bankruptcy by these same speculative policies initiated from Wall St. and passed into law by a Congress influenced more and more by money than interests of the nation. US corporate banking failures will be surpassed only by the Fed’s panicky rush to bail them out with trillions of freshly printed but worthless dollars. Causing Weimar levels of hyperinflation.