The US Consumer Is In Real Trouble

 Last episode, Terry Sacka, AAMS explained how  the "Endgame" which China is very aware of as it continues to accumulate thousands of tons of gold, and how it will change the world we live in. Hint: Ushering in the Digital ID.

This episode, Terry Sacka, AAMS discusses an unbelievable statistic about the U.S. Consumer while the mainstream media has us thinking that the economy and American Dream is alive and well...but is it?

I saw a wave, a dark wave, come over our nation. And it's not just the election, of course, but this program is going to be all in the name RIGGED because when I, and we formed RIGGED, it was because of the financial system, but RIGGED is now becoming common in America. And it's all RIGGED [against you].

Transcript

[against you]: 0:00

I saw a wave, a dark wave, come over our nation. And it's not just the election, of course, but this program is going to be all in the name RIGGED because when I, and we formed RIGGED, it was because of the financial system, but RIGGED is now becoming common in America. And it's all RIGGED [against you].

Terry Sacka AAMS: 0:27

Today, we're gonna discuss an unbelievable stat with the US consumer and the mainstream media will have you think something very different about the economy. Yes, there are people who are doing very well because of all the printed money. So certain industries, especially , um, contractors and developers , uh, have done extremely well. But the vast majority of the American people , uh, are really in deep trouble. I am absolutely blown away by disinformation . Uh, Americans are getting close to the point where they will be depleting the rest of the excess savings that they accumulated during the pandemic. And it's gonna happen this quarter. And this comes out of the Federal Reserve Bank of San Francisco for a good reason. They, they accumulated , uh, unprecedented levels of excess savings during the pandemic, which was surprising to me because I didn't know that many people were actually working to that extent. And I know a lot of people had trouble working, but apparently there was a lot of savings during the pandemic 'cause to show that level of materialism we are as Americans. Uh , but the San Francisco Fed estimates that the American household held , this is amazing what you hear, the full number less than 190 billion in aggregated xx savings as of this June. Now that may seem like a lot of money, but listen to this, the XX excess savings peaked at about $2.1 trillion in August of 21. So there was literally 2.1 trillion in savings, far exceeding the projected trend line , uh, from before the pandemic. But however, American households, they, they're pulling now from these excess savings because of the inflation and it's rapidly deteriorating. And it's started in the beginning of 2022, averaging about $100 billion a month being spent as drawdowns off that 2.1 trillion in savings. Now, they have literally taken out of savings $1.9 trillion. Now, if the drawdowns do continue, which my guess is they will, because nothing has changed, the inflation is still hot. Regardless what mainstream is telling you, they're flat out lying about everything. All the government bureaus, they're lying. I totally , uh, I'm on board with vague , uh, res ami when he said he'd come in and fire, if not half or so. If you fire in bulk, you can get rid of the government. Uh, there is no doubt in my mind, everything from the bureau of , uh, labor Statistics , uh, you name it, no matter what division of the government it is, they are liars, they are manipulators, and they are corrupt right down to the C-D-C-F-D-A . None of 'em are honest anymore. So why do we need them as people? I guarantee if we get in there and fire half if not more, they'll find out real quick how to do it. And then you demand honesty because $2.1 trillion since August of 21. So basically in the last two years, this economy, in my opinion, has been running off the 1.9 trillion of savings that Americans have been doing. And so the mainstream media has been manipulating and fooling you with information, telling you the economy's good. Well, it wasn't a produced wealth. This is spending that comes from savings. More people are doing second jobs, third jobs. This is not money that is productive and produced. And that is a really big deal. If they produced it and spent, then that would be a good economy. But the fact that $1.9 trillion in the last two years has been spent out of savings, that tells you what's been driving this economy. They have about one point, what 190 billion left they were doing about what? A billion , a hundred billion a month in drawdown. So we have barely two months left of savings before a huge part of the population all of a sudden runs out of money. The inflation is extremely real. That's why I don't care what they're saying. I don't care about the manipulated prices. You better get ahold of the gold and silver as an alternative for your future wealth and , uh, the future , uh, savings that you have left. Uh , I'm talking more retirement , uh, because we're, we're entering an epic period, folks, they, they're not telling you the truth here. A lot of people think, oh, we'll get through this. They don't understand. We're at the end of a cycle. We are following the exact same footsteps as the Roman Empire. America is an absolute deep, deep trouble. And to get out of it, as I keep explaining, is almost impossible because you almost have to leave race the same, which is, is already harming. You raise rates, you destroy the banks, you lower rates , you create hyperinflation. The fact that we're using 1.9 trillion, 100 billion in the last two years, 100 billion per month of savings says it all. So as the American people have been using their savings to now, and by the way, to some extent, I get it if we're using it to survive, if it's for inflationary reasons. But , um, in my opinion, from what I see anyway, a lot of people were just living life as normal again and using their savings up, which was incredibly irresponsible. They should have been saving and investing. They should have been , um, preparing. I , you know, the mainstream media is not helping you understand that what is coming is gonna be as big as it is. But if you just understood the cycles, if you understood history and you knew where we were in history right now, you would understand that America is a teetering on the edge of a cliff, that we can't get back up. Now, we will retool it somehow, but we are in a lot of trouble as a nation. And that's why you're seeing the para bog blow off and you're seeing the government spend like crazy because now we're at a point, it just doesn't matter. But what it is doing is diluting your wealth now and on the heels of this, that the American people have been depleting their savings. The United States banking system has already registered, and I I contend it's even worse than this, but they have registered 650 billion in unrealized losses. That's how many losses are on the books. They're just not declaring. And I say it's worse than that because the institutions that have shadow banking and and shadow finance is a whole nother level. This 650 billion in unrealized losses in the banking system isn't even counting commercial real estate, commercial real estate building vacancy is north of 50%. I don't see how you fix it. These blue cities are complete nightmares. Who would wanna go there? And the the building commercial real estate is well in the trillions wait until those losses start hitting the banks. So the banks already have 650 billion in unrealized losses, meaning they've already lost investments. They're in trouble because remember, banks are fractional. They're not real in the sense that you put in a hundred dollars, the a hundred dollars is there. If you put in let's say $10,000 in a bank, they'll loan out , uh, you know, 200,000 off of that. The banks are all insolvent. Almost every one of them are insolvent. Even the top five banks because of derivatives and everything else they hold our system in general is insolvent. Our US government is insolvent. They're just lying. They're corrupt and they're cheating the system week after week. And the American people, we need to be prepared. Now I know people say, well, how long, you know, what is it? I'm just telling you, we're at the end of a cycle. I don't know how long. That's why they're kicking up these wars with Russia, Israel, Hamas, all these were created. They didn't have to do this. They're trying to find a distraction from the collapse that is coming and they can't get it. So that's what the pandemic was supposed to do. It didn't work. So now we have the American people almost out of savings. You have the US banking system. That's why I would not have excess money in the bank . If anything, put gold and silver in a vault that you can access the system going forward is rigged against us. Again, we are at the end of a cycle. You have to look at history to understand what is taking place here. Once this cycle is complete, we don't know what comes. I know many people, you know, out there talk about the doomsday of things. Yes, on one aspect it is absolute doomsday. And I say it is the power elite that want that because that's how they're gonna get us to digital id. Digital currency. I say on the other hand though, with all the trillions that have been printed worldwide, there is an unbelievable opportunity for we the people. If we can conquer all this fascism, communism, socialism, world order is , if that's a word, we have a chance. I contend that there money so much currency printed around the world that if we stopped the wars, got the supply chain moving, there is so much money to be made. Everyone from a waitress up to an executive would become or could become wealthy. So there's two outcomes that are staring us down, but the power elite are against us. And if we, the people want to have the victory, we need to stop the insanity. But because life is so difficult, it's hard to see through it. And we're too busy with our lives to recognize the bigger picture because nobody's telling us the truth. Nobody is. It's so hard to know what's true. I just like to deliver the facts, let you figure it out. But I'm telling you that it is rigged against us. They are lying about so many things and then they're dividing us into , in just destroying us socially and morally. This is all by design. If they get their way at the World Economic Forum, and remember, the World Economic Forum is the trilateral commission and those on the trilateral, they're the top of the food train , uh, of the one world order. And they have laid it out real clear what they want. And it is total centralized. One world order digital id, digital currency. You will be a slave whether you like it or not. And if they get that way, I guarantee what you can't say very often that that is going to bring in the collapse. It has to bring in the collapse because it'll be the collapse that makes we the people desperate enough to beg the government for essential solution, which is exactly what we shouldn't do. So stop spending your money, save it, and get ready because this isn't over. We're like in the sixth inning here, if not fifth, but all this is playing out over the next two years. This is, this is falling in line with so many different prophetic visions. I am blown away at how things are playing out. You can almost see it's coming. It's like a bad nightmare. Or when I had lived in South Florida there for a while , watching the eye of a hurricane approach, which I did and was Wilma. It's again, not to be afraid, but just be prepared and slow down. Don't be a normal American and just blow through savings because the banking system's not there for you. Wait until a run on the bank takes place. And then you're gonna find out real quick what take what goes down. So until next time, God bless

Cornerstone Asset Metals: 13:52

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