These Last Days News - July 31, 2025
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Is The Federal Reserve Purposely Trying To Destroy The U.S. Economy?

MASSIVE DEPRESSION
"My child and My children, the days will grow darker, and there will be hunger in your land. Yes, My child, what I brought you here for this evening is to tell the world that there will be a crash in the monetary doings of your government—an absolute crash that will affect every man, woman, and child in the United States and Canada, and then, like a serpent, creep all over Europe, until the world sees one big, massive depression. I can illustrate to you, My children, what I mean by this monetary depression." - Our Lady of the Roses, September 7, 1985

"ACCEPT OUR COUNSEL NOW"
"You see, My children, as long as there is someone praying the Rosary in your country, We will be here to guide you. But accept Our counsel now. Do not wait until it is too late. America the beautiful will fall!" - Our Lady of the Roses, June 18, 1992

The above Messages from Our Lady were given to Veronica Lueken at Bayside, New York. Read more

TheEconomicCollapseBlog.com reported on July 30, 2025:

By Michael Snyder

Oops, they did it again.  Even though the housing market has been in a depressed state for an extended period of time and even though economic conditions are slowing down all over the country, the Federal Reserve has once again refused to lower interest rates.  What in the world are they thinking?  I certainly share President Trump’s frustration with the Fed.  Central banks all over the world have been cutting rates, but our central bank just won’t budge.  Have Fed officials gone completely insane, or are they purposely trying to destroy the U.S. economy?

Those that have been following my work for an extended period of time already know that I am not a fan of the Federal Reserve at all.  And now we have another very clear example of the Fed’s lack of competence…

The Federal Reserve said Wednesday it’s keeping its benchmark interest rate unchanged, citing elevated uncertainty over the nation’s economic outlook.

The decision to hold rates steady marks a continuation of the Fed’s “wait-and-see” strategy this year, as it monitors the impact of the Trump administration’s tariffs on consumer prices.

There were two Fed governors that did not agree with this decision.  This was the first time since 1993 that more than one Fed governor has dissented…

For the first time since 1993 more than one Fed governor voted against the Fed chair Jerome Powell and the committee’s majority decision.

The dissenters – governors Christopher Waller and Michelle Bowman – were both appointed by Trump and like the President support cutting rates.

For months Trump has pressured Powell to cut rates – currently between 4.25 and 4.5 percent – threatened to fire him, appoint a shadow chair and even harangued him over the cost of improvements to the Fed’s offices.

There are some experts that argue that we need to continue to keep interest rates at elevated levels in order to get inflation under control.

I definitely acknowledge that our seemingly endless cost of living crisis is a major concern.

But what about the housing market?

It has been in a depressed state for a long time.

Last year, sales of existing homes in the U.S. fell to the lowest level that we have seen since 1995…

Sales of existing homes in the US fell last year to the lowest level in almost three decades, as sky-high home prices and elevated mortgage rates squeezed home buyers.

Sales of previously owned homes, which make up the vast majority of the market, totaled 4.06 million in 2024, the National Association of Realtors said Friday. That’s the lowest level since 1995 and slightly below 2023’s similarly anemic levels.

And this year, sales of existing homes are expected to be even lower than they were last year…

Sales volume for existing homes, previously projected to grow slightly this year compared with 2024, is now expected to fall 1.5% annually, to just 4 million transactions.

That would mark the slowest year for existing-home sales since 1995, when they registered 3.8 million. Home sales were also at their lowest since 1995 in both 2023 and 2024, according to the National Association of Realtors®.

Things were not even this bad during the Great Recession in 2008 and 2009.

The primary reason why homes are not selling is because interest rates are way too high.

Is the Fed just going to sit there and watch the life get squeezed out of one of the most important pillars of our economy?

Of course there are many pundits that are pointing to today’s GDP number as evidence that the overall economy is doing well…

Gross domestic product, a sum of goods and services activity across the sprawling U.S. economy, jumped 3% for the April through June period, according to figures adjusted for seasonality and inflation.

That topped the Dow Jones estimate for 2.3% and helped reverse a decline of 0.5% for the first quarter that came largely due to a huge drop in imports, which subtract from the total, as well as weak consumer spending amid tariff concerns.

That number looks pretty good until you realize that it was artificially boosted by a massive decline in imports.

In fact, we are being told that a huge drop in imports somehow added 5.2 percentage points to our GDP during the second quarter…

With Trump’s double-digit tariffs looming, American retailers and manufacturers raced to order foreign goods early in the year before the levies took effect. That led to an unprecedented flood of imports, which must be subtracted from GDP – the goods that consumers, companies and the public sector bought – because they’re made overseas.

Since those purchases were pulled forward, companies didn’t need to order as many goods from other countries last quarter and imports plunged 30.3%, reversing the 37.9% rise that dampened output earlier and bolstering U.S. growth. As a result, those foreign shipments added 5.2 percentage points to growth after subtracting a whopping 4.7 points in the January-March period.

If you took away the 5.2 percentage points that were added to our GDP due to falling imports, economic growth would have been deeply negative last quarter.

And based on all of the other economic data that we have been getting, that would make all the sense in the world.

We see a similar thing going on with the official employment numbers that the government has been giving us.

Thanks to the “birth-death model”, the U.S. has supposedly added 614,000 jobs so far this year.

But if you take away the “birth-death model”, the U.S. has actually lost 62,000 jobs so far this year…

So far this year, the net birth-death model has converted what would have been a 62,000-job decline in not seasonally adjusted nonfarm employment into a 614,000-job gain. In the note cited above, Bloomberg Economics estimated that the model and other factors have been artificially boosting seasonally adjusted gains of 130,000 a month so far this year by about 80,000 a month. If even roughly correct (Bloomberg Economics’ payroll overcount estimates as of June 2024 were about twice as big as what the BLS eventually reported), this would mean another sharp downward revision next February, the fifth in the last seven years.

I don’t have any confidence in the numbers that the government gives us at this stage.

When President Trump called them “fake” prior to the election, he was right on target.

One recent survey found that 70 percent of Americans are feeling “anxiety and depression” due to the finances.

That wouldn’t be happening if our economy really was in good shape.

Unfortunately, as long as the Federal Reserve keeps interest rates at elevated levels it is going to be a real struggle to turn things around.

Be sure to email this page to all your friends.

"The judgment of your God is not akin to the judgment of man. The Eternal Father will only judge by the heart. Your rank, your accumulation of worldly goods does not set you up before another. Many have sold their souls within the holy House of God. Better that you strip yourself and remove all worldly interests now while you have the time to make amends to your God, for many mitres will fall into hell." - St. Thomas Aquinas, August 21, 1972

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Our Lady of the Roses Awesome Bayside Prophecies... https://www.tldm.org/Bayside/ These prophecies came from Jesus, Mary, and the saints to Veronica Lueken at Bayside, NY, from 1968 to 1995.

Directives from Heaven... https://www.tldm.org/directives/directives.htm

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