The Next Auto Repossession Wave Could Involve Robots Doing The Work For Banks
Posted By: RumorMail
Date: Tuesday, 5-Sep-2023 11:34:10
http://www.rumormill.news/228717
| https://youtu.be/_mpdmp68OiY https://www.youtube.com/embed/_mpdmp68OiYBy Tyler DurdenAs more consumers default on credit card and auto loan payments, financial strain intensifies as the Federal Reserve’s interest rate hiking campaign stands at two-decade highs, potentially leading to a surge in vehicle repossessions.A recent Moody’s report showed new credit card delinquencies hit 7.2% in the second quarter, up from 6.5% in the first quarter. As for new auto loan delinquencies, the rate topped 7.3%, compared with 6.9% in the first quarter.Moody’s expects new credit card and auto loan delinquencies to continue “rising materially” through the rest of the year and top sometime in 2024 at 9% and 10%, compared with 7% pre-Covid.“The increase in delinquencies and defaults is symptomatic of the tough decisions that these households are having to make right now — whether to pay their credit card bills, their rent or buy groceries,” Mark Zandi, chief economist at Moody’s Analytics, told The Washington Post.A weakening labor market and tapped-out consumers, some of whom have $1,000 monthly auto payments, are finding it difficult to pay not just shelter costs, put food on the table, but service their car payments. We’ve outlined to readers in the last three quarters, “Massive Wave” Of Car Repossessions And Loan Defaults To Trigger Auto Market Disaster, Cripple US Economy and Negative Equity Surges: More Consumers Find Themselves In Underwater Auto Loans — and it’s only a matter of time before the repo wave begins. We noted in July that Repos From Auto Loans That Originated In 2020 And 2021 Are Skyrocketing.“The Fed might look at this and say this is the whole purpose of raising rates, to make it more difficult” to make purchases, Zandi said, adding, “The bigger question is when the Fed will have succeeded in slowing down the broader economy, and how many consumers have to be impacted in a negative way.”Delinquency on auto loan payments is a sign that the Fed’s restrictive monetary policy might be working to quash inflation, which leaves the economy in a heightened period of macroeconomic uncertainty as low/mid-tier consumers appear to be financially cracking.So, as per Moody’s report, auto loan delinquencies are set to rise even higher. In a world where robots are being integrated into every business model, we found one towing company in the UK using a robot to move illegally parked cars.Although the video doesn’t show a repossession, a repo company can only imagine integrating robots into vehicle retrieval will provide much-needed relief to avoid unwanted confrontations with car owners.As more consumers default on credit card and auto loan payments, financial strain intensifies as the Federal Reserve’s interest rate hiking campaign stands at two-decade highs, potentially leading to a surge in vehicle repossessions. |
https://www.rumormillnews.com/cgi-bin/forum.cgi?read=228717
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‘Human Robotic Augmentation’ — Warfare of the Immediate Future?
Posted By: RumorMail
Date: Tuesday, 5-Sep-2023 11:43:20
http://www.rumormill.news/228720
In Response To: The Next Auto Repossession Wave Could Involve Robots Doing The Work For Banks (RumorMail)
| By Julian RoseGerman and UK Government’s Collaborating on Military Exoskeletons and Genetic EngineeringWe have to have the courage to face our enemies. I think most readers of this article will already know that the psychotic element of the human race, which has succeeded in establishing itself at the top of end of the control pyramid, will stop at nothing to get its way.That ‘way’ is to destroy the soul of humanity and bulldoze all but the most elementary expressions of nature.What I have to report today escaped my attention until very recently, but unfortunately fits the above description all too well.On 13 May 2021 the Defence and Armed Forces Ministry (MOD) of the UK government published a document entitled ‘Human Augmentation – the Dawn of a New Paradigm’ (updated version).That title alone sent a shiver down my spine; but that shiver extended upon reading the first paragraph.The Development, Concepts and Doctrine Centre worked in partnership with the German Bundeswehr Office for Defence Planning to understand the future implications of human augmentation, setting the foundation for more detailed Defence research and development.Why is it that a link-up between the German Bundeswehr and the British Ministry of Defence sent an extended shiver through my body?Next, we learn thatThe project incorporates research from German, Swedish, Finnish and UK Defence specialists to understand how human augmentation emerging technologies could affect the future of society, security and Defence.Well, well, are we supposed to believe that these ‘defence specialists’ are coming together to make a detached survey of the state-of-the-art developments of human beings re-engineered to become instant battlefield weapons?Not likely! This is a description of a collaboration designed to work out the optimum potential of such cyborgian kamikaze bipedals to be at the cutting edge of offensive military hardware in the very near future.We read on:Human augmentation technologies provide a broad sense of opportunities for today and in the future. These are mature technologies that could be integrated today with manageable policy considerations, such as personalised nutrition, wearables and exoskeletons.What in God’s name are they talking about? Are readers of this UK government document supposed to know what ‘personal nutrition’, ‘wearables’ and ‘exoskeletons’ actually are? Bear in mind that this was written in the middle of the great Covid hoax. Doesn’t it ring of something equally diabolical?But wait, it gets worse:There are other technologies in the future with promises of bigger potential such as genetic engineering and brain-computer interfaces.OK, thanks. Now you have let us into an uncloaked description of what’s to come in a language most can understand. The weaponised corporals in the front line of the war with…China?..Russia? will be computer programmed Transhumans – the jewel in the crown of Klaus Schwab’s Great Reset, Fourth Industrial Revolution. We might have guessed.But, hey, just take a look at the next revelation:The ethical, moral and legal implications of human augmentation are complex and hard to foresee and regular engagement with these issues must be thoroughly considered.Hard to foresee? Only if you are a deeply psychotic, mind-blind and insentient demon disguised as a human being.The document ends with the following statement:Human augmentation could signal the coming of a new era of strategic advantage with possible implications across the force development spectrum.“A new era of strategic advantage with ‘possible implications’ across the force development spectrum”. Now the shiver has reached my heart, but I’m not letting it dwell there for more than a couple of seconds. In fact, I’m outraged by the utter obscenity of all these statements.What kind of ‘strategic advantage’ are these technocrats talking about? What kind of ‘possible implications’ for the ‘force development spectrum’? Possible implications?Hi Sam, this is Houston Automated Army Digital Defence Centre, here’s your instructions: plug-in corporal Jones and line him up with target 371. Make sure his wearables are set on invisible mode and that he is equipped with ‘insecto-synth-nutrit’ augmentation capsules. We’ll be steering him from here. But you guys need to be alert to any retaliation within the war theater.It is highly instructive that in the ‘related content’ section at the end of the MOD document are the following links:Financing the 2030 Agenda through Covid-19 and beyondAgenda 2030: delivering the global goalsThe Fourth Industrial RevolutionInvesting in a Better World: Results of UK Survey on Financing SDG’s (Sustainable Development Goals).This is an in-your-face head’s-up for anyone still failing to understand ‘the programme’ being driven forward by the darkly possessed globalist cabal. A programme designed to exterminate warm hearted, living breathing human beings like you and me and replace us with a mix of mind controlled/hypnotised slaves and digitally programmed robotic devices that ape elementary human behaviour patterns.The authors of this report should already be in the dock for advancing the implementation of such egregious crimes against humanity. This is ice cold techno-military gamesmanship portrayed as a shared and even ‘ethical’ scientific overview of the latest developments in high-tech sub human battlefield deployments – and it’s all part of Agenda 2030 Sustainable Development and the Great Reset.One must not underestimate the lengths this evil cohort will go to achieve its ambitions. It will ‘voluntarily’ stop at nothing. So, it must be stopped by us.If we want the light of day to shine on future generations – we must resolutely commit to putting our best energies into making sure we win this war; empowering our light to vanquish the darkness.Warriors of the Golden Dawn – step forward!Julian is an early pioneer of UK organic farming, a writer, broadcaster and international activist.He is author of ‘Overcoming the Robotic Mind’ ‘In Defence of Life’ and ‘Creative Solutions to a World in Crisis’. For more information see his website www.julianrose.info |
saintandrewstwinflame 