I Thought the Economy Was Taking Off
BREAKING: 71 large US companies went bankrupt in July, the highest monthly total since the 2020 pandemic.
This follows 66 and 64 fillings in June and May, respectively.
Year-to-date, there have been 446 large bankruptcies, the most in 15 years.
This is already higher than the… pic.twitter.com/8HUB5ORuKS
— The Kobeissi Letter (@KobeissiLetter) August 12, 2025
I doubt anyone believes the prognosis for the economy as outlined by the government. Food, housing, medical and taxes are all going up. As is the national debt. The DOGE and USAID cuts did not materialize due to Congress. Israeli interests control the federal government and despite several de-escalations of minor wars by Trump, we still are on the cusp of a nuclear and/or civil war.
Trust in the Lord and prepare for the future.
David DeGerolamo
Source: https://ncrenegade.com/i-thought-the-economy-was-taking-off/
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