Based Underground is now a conservative news aggregator AND curated newsletter.
Editor’s Note: The article below by Mike Adams from Natural News would seem to many like a great sales pitch for our precious metals sponsors. However, it was independently written. The fact that we have two precious metals sponsors — Our Gold Guy for physical precious metals and JD GoldCo for a wide array of precious metals products — could make this seem like a self-serving post.
Nothing could be further from the truth. I wish there wasn’t such a need for people to protect their wealth or retirement with precious metals. That would mean the economy is humming again as it was under President Trump. Until the middle of last year, we did NOT pick up a precious metals sponsor despite over two dozen sponsorship offers. I never allow products that are not needed by America First patriots to become sponsors here. Today, it is clear that precious metals are a necessary hedge. With that said, here’s Mike Adams…
The Fed raised interest rates by 0.75% today (75 basis points), fulfilling their promise to attempt to reverse the runaway inflation that they caused in the first place by printing trillions of dollars and flooding the markets with cheap or nearly-free funds (zero percent interest rates, for example).
As of right now, America’s real estate bubble is now in the process of a catastrophic collapse. The stock market is collapsing and the crypto universe is absolutely imploding. “The crypto apocalypse is here,” writes Michael Snyder from End of the American Dream:
Over the last seven months, we have witnessed a cryptocurrency collapse that is so epic that it is truly difficult to put it into words… approximately two-thirds of the value of all cryptocurrencies has already been wiped out. Some are calling this a “crash”, but the truth is that this is the sort of full-blown “collapse” that so many have been warning about for such a long time. A lot of crypto investors are now deeply in the red, and the outlook for the months ahead is very bleak.
Meanwhile, the average stock portfolio is down 31% this year alone, and the downside still remaining now looks like a deep, ominous chasm of financial devastation that’s going to suck the vast majority of American into financial destitution.
You see, while everybody’s assets are plummeting, the prices of the things they need to buy keep skyrocketing.
Everything people own is going to collapse in value, while nearly everything people buy is going to double or triple in price.
The real estate bubble will now collapse, however, which may offer some relief for those trying to rent or purchase new homes. But for the tens of millions of people already locked into bubble-priced mortgages and rent contracts, the pain of paying too much won’t be easily reversed.
The truth is that most assets have been Ponzi schemes for many years or even decades. The stock market hasn’t operated from fiscal reality since the 1980s, and the fiat currency dollar has been living in a delusional fairy tale land since Nixon took it off the gold standard in 1971.
The real estate asset price explosion was just an expression of low interest rates and cheap money, while the crypto universe was a grand social experiment that primarily served as a new generation’s “dot com bubble” where they ultimately learn an expensive (but valuable) lesson in the seduction and false promise of seemingly becoming wealthy without work. Too many crypto pioneers thought they could recreate the laws of economics by simply claiming absurd things that aren’t true, like “we don’t need intrinsic value, our token is backed by an algorithm.” That’s the crypto equivalent of the biological fantasy that claims “men can get pregnant,” which is why I call the crypto Ponzi schemes “financial transgenderism.”
See, what we’re all really beginning to experience in the world right now is a heavy dose of reality.
Learn more in today’s Situation Update: Brighteon.com/e450a1bf-8a5e-433b-aed5-7839e4210c19
Discover more information-packaged podcasts each day, along with special reports, interviews and emergency updates, at:
https://www.brighteon.com/channels/HRreport
Follow me on:
- Brighteon.social: Brighteon.social/@HealthRanger
- Telegram: t.me/RealHealthRanger
- Truth Social: https://truthsocial.com/@healthranger
- Gettr: GETTR.com/user/healthranger
- Parler: Parler.com/user/HealthRanger
- Rumble: Rumble.com/c/HealthRangerReport
- BitChute: Bitchute.com/channel/9EB8glubb0Ns/
- Clouthub: app.clouthub.com/#/users/u/naturalnews/posts
- Join the free NaturalNews.com email newsletter to stay alerted about new, upcoming audiobooks that you can download for free.
- Download my current audiobooks — including Ghost World, Survival Nutrition, The Global Reset Survival Guide and The Contagious Mind — at: https://Audiobooks.NaturalNews.com/
- Download my new audiobook, “Resilient Prepping” at ResilientPrepping.com
- NATURAL NEWS
Conor McGregor Announces That He’s Running for President of Ireland
by PJ Media
The former Irish Ultimate Fighting Championship (UFC) lightweight champion, Conor McGregor, is once again saying he is exploring a potential run for the President of Ireland, with a promise to throw out the “charlatans in their positions of power” in Ireland’s lower legislative house, the Dáil. McGregor had previously hinted…
An Abusive ‘Cult’ Masquerading as Education: Harvard’s New ‘Queer’ Course Sparks Outcry From Experts
by Harbingers Daily
The cult of “queer” is getting stronger. As tens of millions of American children struggle with reading and millions more deal with sex abuse at the hands of “educators,” Harvard University’s Graduate School of Education will teach future teachers how to combat the alleged evils of “heteronormativity” and “cisnormativity” in…
Grassley Drops FBI Records on Iranian-Backed Assassination Plots Against Trump, Biden, and Haley
by Just The News
Republican Iowa Sen. Chuck Grassley on Thursday released FBI records from a whistleblower on the alleged Iranian-backed assassination plots against President Joe Biden, former President Donald Trump, and Nikki Haley. The assassination plots were allegedly in retaliation for the death of Iran’s Revolutionary Guard Corp officer Qasem Soleimani, who was…
Germany Considering Sending Illegal Migrants to Rwanda Camps Set up for the UK and Abandoned by Starmer’s Labour Government
by The Gateway Pundit
With Chancellor Olaf Schulz and his ‘traffic light’ coalition enjoying dismal poll numbers, and with the recent victories by the Eurosceptics right-wingers of AfD in Eastern states, Germany’s government has decided to at least pretend to do something about one of the most concerning issues for the population: unchecked mass…
Great Replacement Job Shock: 1.3 Million Native-Born Americans Just Lost Their Jobs, Replaced by 635,000 Immigrants
by Tyler Durden, Zero Hedge
(Zero Hedge)—At the start of the year, many months after we first pointed out that the biggest untold story of the US labor market was the “great replacement” of native born workers with foreign-born workers (most of whom we subsequently learned were illegal aliens), we asked how is the great…
As Concerns Over the Recession Grow, a Faith-Driven Gold IRA Company Offers Unique Solutions
by Sponsored Post
Depending on which economist you ask, we are either in a recession or are about to be in one. The definition of “recession” has been adjusted so many times over the past couple of years that it has become a punchline, albeit one that’s not very funny for average Americans…
NY’s Chinese Consul General No Longer in Position After Former Hochul Aide Charged as Spy
by Zero Hedge
New York Gov. Kathy Hochul said on Sept. 4 that Chinese consul general Huang Ping is no longer holding his position after her request to the U.S. State Department that he be ousted. The State Department said the diplomat left because he reached the end of a regularly scheduled rotation….
7 Cover Stories Big Pharma Forced on MSM to Hide Disastrous Health Consequences of mRNA Clot Shots
by S.D. Wells, Natural News
(Natural News)—If you are wondering why mainstream media is finally publishing some science-based facts about the health detriment caused by commonly used products, that is because MSM is engaged in multi-faceted cover stories while they continue to pretend the Covid-19 mRNA jabs aren’t so bad. Remember, Covid-19 did not kill…
Pope Francis Kisses Hand of Muslim Imam, Declares All Religions ‘Have a Role to Play’
by Western Journal
Pope Francis is embarking upon a 12-day trip through four nations in Southeast Asia and Oceania. His intent with the voyage is to pledge the Catholic Church will combat religious violence while inspiring stronger ties to other religions. On Thursday, the Associated Press reported the Pope made his first stop…
Elon Connects the Dots in Dems’ Election Fraud Plot, and He’s 100% Spot-on
by Revolver News
If you claim you want to save “precious democracy,” shouldn’t securing elections be the number one priority? Because without secure elections, there is no “precious democracy” to even save, right? This should be the question every media hack grills the Dems on, over and over again—but they never will. Why?…
Trump Says He Will Help Israel Survive ‘for Thousands of Years’
by Nathan Worcester, The Epoch Times
(The Epoch Times)—Former President Donald Trump said at the Republican Jewish Coalition Leadership Summit on Thursday that he is committed to helping the State of Israel survive for the long haul. “I will put America first. I will keep America safe, and I will work with you to make sure…
Meta Oversight Board Says ‘River to the Sea’ Not Inherently Hate Speech
by Zero Hedge
In a development that will be cheered by those who promote open discourse on social media platforms and condemned by ardent supporters of the State of Israel, Meta’s independent Oversight Board for Instagram and Facebook on Wednesday ruled that the controversial slogan “from the river to the sea” is not…
Volkswagen Considers Shutting Down a German Factory for the First Time in History After Overestimating the EV Market
by Owen Klinsky, DCNF
(DCNF)—Volkswagen (VW) AG is considering shuttering factories in Germany as European car companies struggle to compete with Chinese electric vehicle (EV) manufacturers. The company has not closed a German plant in its entire 87-year history, but facing a slowdown in European car sales and stiff competition from Chinese EV maker…
Here’s How the Biden-Harris Open Border Has WILDLY Changed the U.S. Labor Market
by The National Pulse
Data produced by the U.S. Congressional Budget Office (CBO)—and based on census numbers—is shedding more light on claims that a bulk of American job growth under the Biden–Harris government hasn’t gone to or benefited native-born Americans at all. The CBO numbers reveal that labor force participation among foreign-born residents has…
Netanyahu Humiliates White House: ‘There’s No Gaza Deal In The Making… It’s Not Close’
by Zero Hedge
Israeli Prime Minister Benjamin Netanyahu on Thursday issued a bombshell of a statement which constitutes a glaring contradiction of the White House narrative on how things are going with Hamas negotiations toward a ceasefire deal. “There’s not a deal in the making,” he told Fox News. “Unfortunately, it’s not close.”…
It’s Spreading: America’s Top Oil Field Terrorized by Armed Cuban and Venezuelan Gangs
by Tyler Durden, Zero Hedge
(ZeroHedge)—It’s only going to get worse from here, as the Biden-Harris administration’s disastrous open border policies have now come to a ‘neighborhood near you’ (for some of you). In the past week, we saw armed Venezuelan prison gang Tren de Aragua members terrorize the northern Denver suburb of Aurora and…
Major Study Discovers ‘Off Switch’ for Covid mRNA Shots
by Slay News
A group of eminent medical experts and leading scientific researchers has announced a major breakthrough after a groundbreaking study discovered an “off switch” for Covid mRNA shots. The historic discovery, which offers hope to the billions of people around the world who have been injected with the “vaccines,” was revealed…
James Carville Suggests Fact-Checkers Abandon “Impartial” Reporting to “Help Save Constitution” From Republicans
by Daily Caller
(DCNF)—Democratic strategist James Carville on Thursday suggested that fact-checkers should focus their reporting on “Republicans” to assist in rescuing the U.S. Constitution. In a June episode of his “Politics War Room” podcast, Carville advocated for media outlets to increase their “slanted” coverage of former President Donald Trump to prevent his…
Budget-Friendly Tips to up Your Prepper Game
by Natural News
As a prepper, one of your main goals is to prepare for different emergencies. But prepping goes beyond preparing for cataclysmic events like earthquakes or societal collapse. You can also prepare for smaller-scale emergencies like power outages or unexpected personal financial crises. One of the best ways to prepare for…