Vive les Voyageurs Festival - YouTube
https://m.youtube.com/watch?v=Os6RCHhC3do
Sep 23, 2019
Tap your feet to the beat of French-Canadian music at Fort Langley National Historic Site’s annual Vive les Voyageurs Festival in January. Enliven your senses with the traditional foods, music and culture of the 19th century French-Canadian and Métis fur traders of early British Columbia.
🌊 🚣♂️
https://m.youtube.com/watch?v=Os6RCHhC3do
Sep 23, 2019
Tap your feet to the beat of French-Canadian music at Fort Langley National Historic Site’s annual Vive les Voyageurs Festival in January. Enliven your senses with the traditional foods, music and culture of the 19th century French-Canadian and Métis fur traders of early British Columbia.
🌊 🚣♂️
YouTube
Vive les Voyageurs Festival
Tap your feet to the beat of French-Canadian music at Fort Langley National Historic Site’s annual Vive les Voyageurs Festival in January. Enliven your senses with the traditional foods, music and culture of the 19th century French-Canadian and Métis fur…
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Impossible not to laugh!
🎶 🤪
🎶 🤪
Forwarded from M-POWER Translations
English.pdf
4.5 MB
🇺🇸 #English - Discovery of unknown structures in pharmaceutical and biological liquids.
Study by Dr. David Nixon identifying the constant presence of Crystal-Fiber Assemblies (CFA) —geometric structures attached to filaments— in various products, ranging from anesthetics and mRNA vaccines to human fluids (blood and urine).
The key points of this study are:
* Self-assembly: These structures are not accidental; they organize and grow on their own over time, showing an almost "technological" design logic.
* Uncertain origin: The study states that these formations are not described in official science, suggesting the use of undeclared bionanotechnology.
* Ubiquity: Appearing in both medications and the human body, the report raises an alert about a possible microscopic-scale technological intervention in the population.
The report concludes that the appearance of this same pattern in such diverse materials (from water to vaccines and human fluids) goes beyond simple contamination and forces an investigation into the physical conditions that allow this formation.
▪️Dr. David Nixon's website:
http://www.drdavidnixon.com/
💯 Document translated into Spanish by the M-Power Translations team with the permission of Dr. Nixon
🌐 Telegram Channel:
https://news.1rj.ru/str/mpowertranslations
☕️ Support our translations:
https://buymeacoffee.com/mpowertranslations
💳 Paypal:
https://www.paypal.me/miguelangal
Study by Dr. David Nixon identifying the constant presence of Crystal-Fiber Assemblies (CFA) —geometric structures attached to filaments— in various products, ranging from anesthetics and mRNA vaccines to human fluids (blood and urine).
The key points of this study are:
* Self-assembly: These structures are not accidental; they organize and grow on their own over time, showing an almost "technological" design logic.
* Uncertain origin: The study states that these formations are not described in official science, suggesting the use of undeclared bionanotechnology.
* Ubiquity: Appearing in both medications and the human body, the report raises an alert about a possible microscopic-scale technological intervention in the population.
The report concludes that the appearance of this same pattern in such diverse materials (from water to vaccines and human fluids) goes beyond simple contamination and forces an investigation into the physical conditions that allow this formation.
▪️Dr. David Nixon's website:
http://www.drdavidnixon.com/
💯 Document translated into Spanish by the M-Power Translations team with the permission of Dr. Nixon
🌐 Telegram Channel:
https://news.1rj.ru/str/mpowertranslations
☕️ Support our translations:
https://buymeacoffee.com/mpowertranslations
💳 Paypal:
https://www.paypal.me/miguelangal
Forwarded from Pavel Durov (Pavel Durov)
Russia is restricting access to Telegram in an attempt to force its citizens to switch to a state-controlled app built for surveillance and political censorship.
8 years ago, Iran tried the same strategy — and failed. It banned Telegram on made-up pretexts, trying to force people onto a state-run alternative.
Despite the ban, most Iranians still use Telegram (bypassing censorship) and prefer it to surveilled apps.
Restricting citizens’ freedom is never the right answer. Telegram stands for freedom of speech and privacy, no matter the pressure.
8 years ago, Iran tried the same strategy — and failed. It banned Telegram on made-up pretexts, trying to force people onto a state-run alternative.
Despite the ban, most Iranians still use Telegram (bypassing censorship) and prefer it to surveilled apps.
Restricting citizens’ freedom is never the right answer. Telegram stands for freedom of speech and privacy, no matter the pressure.
Epstein's Island And The Gateway To The Psychology Of Evil
Wednesday, Feb 11, 2026 - 02:20 PM
Authored by Brandon Smith via Alt-Market.us,
https://www.zerohedge.com/geopolitical/epsteins-island-and-gateway-psychology-evil
Excerpt
Luciferianism/satanism is an integral element of globalism.
The evidence of its practice within globalist circles is immense and cannot be ignored. Some skeptics would denote a separation between “satanism” and “luciferianism”, but for all intents and purposes they are intertwined belief systems.
Satanists are occupied with the pursuit of pleasure at the expense of morality, while luciferians are occupied with the pursuit of power and godhood at the expense of morality. For adherents of both practices, their motto is “Do What Thou Wilt.”
As I outlined in my article “Luciferianism: A Secular Look At A Destructive Globalist Belief System”, published in 2019, global elitists derive their spiritual ecstasy from the worship of the material and the corruption of the pure. They seek to deconstruct creation and human nature, to prove that all people are as depraved as they are and that morality is an artificial limitation on power and pleasure.
🔹
Luciferianism: A Secular Look At A Destructive Globalist Belief System
By Brandon Smith
Alt-Market.com
February 9, 2019
Over many years of investigating the mechanics of global events and the people behind them I have become perhaps a little obsessed with one particular subject – the source and motivations of evil. This fascination does not stem from a simple morbid curiosity, but a strategic need to understand an enemy. Much like an exterminator needs to understand the behavior of cockroaches to be effective, I seek to understand the behavior and nature of organized evil.
One very important fact that must first be made clear in people’s minds is that evil does indeed exist.
Continued
https://www.lewrockwell.com/2019/02/brandon-smith/luciferianism-a-secular-look-at-a-destructive-globalist-belief-system/
🔹
More articles on the subject
https://alt-market.us/?s=Luciferianism&post_type=Search
🔹
Wednesday, Feb 11, 2026 - 02:20 PM
Authored by Brandon Smith via Alt-Market.us,
https://www.zerohedge.com/geopolitical/epsteins-island-and-gateway-psychology-evil
Excerpt
Luciferianism/satanism is an integral element of globalism.
The evidence of its practice within globalist circles is immense and cannot be ignored. Some skeptics would denote a separation between “satanism” and “luciferianism”, but for all intents and purposes they are intertwined belief systems.
Satanists are occupied with the pursuit of pleasure at the expense of morality, while luciferians are occupied with the pursuit of power and godhood at the expense of morality. For adherents of both practices, their motto is “Do What Thou Wilt.”
As I outlined in my article “Luciferianism: A Secular Look At A Destructive Globalist Belief System”, published in 2019, global elitists derive their spiritual ecstasy from the worship of the material and the corruption of the pure. They seek to deconstruct creation and human nature, to prove that all people are as depraved as they are and that morality is an artificial limitation on power and pleasure.
🔹
Luciferianism: A Secular Look At A Destructive Globalist Belief System
By Brandon Smith
Alt-Market.com
February 9, 2019
Over many years of investigating the mechanics of global events and the people behind them I have become perhaps a little obsessed with one particular subject – the source and motivations of evil. This fascination does not stem from a simple morbid curiosity, but a strategic need to understand an enemy. Much like an exterminator needs to understand the behavior of cockroaches to be effective, I seek to understand the behavior and nature of organized evil.
One very important fact that must first be made clear in people’s minds is that evil does indeed exist.
Continued
https://www.lewrockwell.com/2019/02/brandon-smith/luciferianism-a-secular-look-at-a-destructive-globalist-belief-system/
🔹
More articles on the subject
https://alt-market.us/?s=Luciferianism&post_type=Search
🔹
ZeroHedge
Epstein's Island And The Gateway To The Psychology Of Evil
Epstein was not the top of the pyramid...
John 3
20 For every wrongdoer hates (loathes, detests) the Light, and will not come out into the Light but shrinks from it, lest his works (his deeds, his activities, his conduct) be exposed and reproved.
21 But he who practices truth [who does what is right] comes out into the Light; so that his works may be plainly shown to be what they are—wrought with God [divinely prompted, done with God’s help, in dependence upon Him].
Full chapter
https://www.biblegateway.com/passage/?search=John%203&version=AMPC
🔥
20 For every wrongdoer hates (loathes, detests) the Light, and will not come out into the Light but shrinks from it, lest his works (his deeds, his activities, his conduct) be exposed and reproved.
21 But he who practices truth [who does what is right] comes out into the Light; so that his works may be plainly shown to be what they are—wrought with God [divinely prompted, done with God’s help, in dependence upon Him].
Full chapter
https://www.biblegateway.com/passage/?search=John%203&version=AMPC
🔥
Bible Gateway
John 3 (AMPC)
Now there was a certain man among the Pharisees named Nicodemus, a ruler (a leader, an authority) among the Jews, Who came to Jesus at night and said to Him, Rabbi, we know and are certain that You have ...
Forwarded from BioClandestine
It feels like the Left are ignoring the elephant in the room.
Blue voters are overwhelmingly in favor of voter-ID, yet 99% of Dem politicians are against it.
Has there been any outrage from blue voters towards Dem politicians? Have they asked themselves why Dem politicians are opposed to secure elections?
It feels like blue voters and MSM talking-heads are refusing to acknowledge that the only possible explanation for opposing the SAVE America Act, is to cheat. And if the Dems are using illegals and mail-in ballots to cheat in elections, wouldn’t that mean democracy is an illusion? Wouldn’t that disprove the entire foundation of the Democrat Party? They claim they do everything in defense of “democracy”, yet they cheat in elections? How does that make any sense?
The Dems completely desecrated the sanctity of US elections, for their own political and financial gain. The Democrat Party is anti-democratic. How ironic.
Blue voters are overwhelmingly in favor of voter-ID, yet 99% of Dem politicians are against it.
Has there been any outrage from blue voters towards Dem politicians? Have they asked themselves why Dem politicians are opposed to secure elections?
It feels like blue voters and MSM talking-heads are refusing to acknowledge that the only possible explanation for opposing the SAVE America Act, is to cheat. And if the Dems are using illegals and mail-in ballots to cheat in elections, wouldn’t that mean democracy is an illusion? Wouldn’t that disprove the entire foundation of the Democrat Party? They claim they do everything in defense of “democracy”, yet they cheat in elections? How does that make any sense?
The Dems completely desecrated the sanctity of US elections, for their own political and financial gain. The Democrat Party is anti-democratic. How ironic.
Forwarded from CaptKyle Patriots Ⓡ 🍊 (Claudia III)
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🚨BREAKING:
Massive WIN, Tom Homan announces ICE has LOCATED over 3,300 MISSING MIGRANT CHILDREN in Minnesota!
“Kids the last administration lost… and weren’t even LOOKING for!”
This is HUGE. Legacy media, crickets.
Link🔗
@CaptKylePatriots
Massive WIN, Tom Homan announces ICE has LOCATED over 3,300 MISSING MIGRANT CHILDREN in Minnesota!
“Kids the last administration lost… and weren’t even LOOKING for!”
This is HUGE. Legacy media, crickets.
Link
@CaptKylePatriots
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Forwarded from CaptKyle Patriots Ⓡ 🍊 (Claudia III)
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💥Your “Anon years” are preparing you for everything to come, Patriots.
Don’t ever forget it.
@doqholliday🔗
@CaptKylePatriots
Don’t ever forget it.
@doqholliday
@CaptKylePatriots
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Good application for AI, but ...
https://news.1rj.ru/str/PrayingMedicNews/9535
On X
https://x.com/HedgieMarkets/status/2022028010279350640
The tool essentially automates what open source intelligence researchers do manually, letting someone with no geolocation experience figure out where a photo was taken.
Officials acknowledge the tool "is not foolproof" and results should be "treated as lead information only."
https://news.1rj.ru/str/PrayingMedicNews/9535
On X
https://x.com/HedgieMarkets/status/2022028010279350640
The tool essentially automates what open source intelligence researchers do manually, letting someone with no geolocation experience figure out where a photo was taken.
Officials acknowledge the tool "is not foolproof" and results should be "treated as lead information only."
Telegram
Praying Medic News
Hedgie
Police departments are buying GeoSpy, an AI tool that can geolocate photos in seconds by analyzing architecture, vegetation, soil, and other features. The Miami-Dade Sheriff's Office paid $85,500 for access, including a custom model trained specifically…
Police departments are buying GeoSpy, an AI tool that can geolocate photos in seconds by analyzing architecture, vegetation, soil, and other features. The Miami-Dade Sheriff's Office paid $85,500 for access, including a custom model trained specifically…
Forwarded from Edward Dowd
This idea that “they” will crash the stock market if Epstein perpetrators are brought to justice is nonsense.
The boom bust cycle will do its job and the data we see is pointing to a global recession. It’s baked into the cake. It’s endogenous to the debt based credit system.
Triple threat:
✅US housing bubble bursting
✅Stock bubble bursting
✅China real estate crisis going into acute phase.
Feed back loops already in motion.
The boom bust cycle will do its job and the data we see is pointing to a global recession. It’s baked into the cake. It’s endogenous to the debt based credit system.
Triple threat:
✅US housing bubble bursting
✅Stock bubble bursting
✅China real estate crisis going into acute phase.
Feed back loops already in motion.
Forwarded from MJTruth
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Tom Homan announced they found 3,364 missing children in Minnesota alone with the recent operations.
In 2017, an anon asked Q, “Where are all the missing children?”
Q replied:
3,000+ saved by the raids in SA alone.
WW lanes shut down.
Bottom to TOP.
[HAITI].
[RED CROSS]
[CLASSIFIED]
High Priority.
No other administration in history has done more than President Trump.
https://rumble.com/v75nuqu-tom-homan-announced-they-found-3364-missing-children-in-minnesota.html
In 2017, an anon asked Q, “Where are all the missing children?”
Q replied:
3,000+ saved by the raids in SA alone.
WW lanes shut down.
Bottom to TOP.
[HAITI].
[RED CROSS]
[CLASSIFIED]
High Priority.
No other administration in history has done more than President Trump.
https://rumble.com/v75nuqu-tom-homan-announced-they-found-3364-missing-children-in-minnesota.html
Forwarded from MJTruth
Media is too big
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And just like that… The Green New SCAM is Dead
President Trump announces a repeal of the EPA's landmark 2009 finding on greenhouse gases' harmful effect on the climate —— KABOOM 💥
“This is the single largest deregulatory action in American history."
https://rumble.com/v75o1ik-greenhouse-gases-are-harmful-to-the-environment-repealed.html
📱 ReTWEET
📱 ReTRUTH
President Trump announces a repeal of the EPA's landmark 2009 finding on greenhouse gases' harmful effect on the climate —— KABOOM 💥
“This is the single largest deregulatory action in American history."
https://rumble.com/v75o1ik-greenhouse-gases-are-harmful-to-the-environment-repealed.html
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https://news.1rj.ru/str/candlesinthenight/91513
On X
https://x.com/mjtruthultra/status/2022030161382604872
On X
https://x.com/mjtruthultra/status/2022030161382604872
Telegram
MJTruth
Don’t allow anyone to tell you we are losing…
• Epstein Blackmail Op ❌
• Diddy Blackmail Op ❌
• Weinstein Op ❌
• Podesta ❌
• NXIVM ❌
• John of God ❌
• Peter Nygard, Canadian ❌
• Jeffrey Epstein ❌
• Ghislaine Maxwell ❌
Benjamin de Rothschild ☠️
Evelyn…
• Epstein Blackmail Op ❌
• Diddy Blackmail Op ❌
• Weinstein Op ❌
• Podesta ❌
• NXIVM ❌
• John of God ❌
• Peter Nygard, Canadian ❌
• Jeffrey Epstein ❌
• Ghislaine Maxwell ❌
Benjamin de Rothschild ☠️
Evelyn…
Forwarded from TruthHammer 🙏🇺🇸 (DM's & Channel Spam are FAKERS.)
I may or may not be able to resist the temptation to mess with people at work… 😜
Forwarded from JamesCharles for Truth
I saw some things today that made me realize there is so much more than i understand ...Here is a prayer i just prayed:
"Lord there is so much knowledge and wisdom that I dont yet possess ...
Lord i ask you to to show me how to pray ...
Show me when to ask vs when to command vs when to believe...
Instruct me with your Holy Spirit in where to use each of these methods to speak in each of your courts...
Teach me to understand the different places of your presemce and how to enter them ...
Teach when to turn my atteetion to this earth and speak into the past and present and future in authority ...as it relates to your timeline or concept your concept of time
Can I even pray into the past to affect the future Lord ?
Lord teach me to be still and and absorb these things from you. Thank you Lord for teaching me at a pace that I can adapt
Show me how to play my part and harness these lessons to bring your kingdom to earth as it is in heaven. Thank you Jesus"
"Lord there is so much knowledge and wisdom that I dont yet possess ...
Lord i ask you to to show me how to pray ...
Show me when to ask vs when to command vs when to believe...
Instruct me with your Holy Spirit in where to use each of these methods to speak in each of your courts...
Teach me to understand the different places of your presemce and how to enter them ...
Teach when to turn my atteetion to this earth and speak into the past and present and future in authority ...as it relates to your timeline or concept your concept of time
Can I even pray into the past to affect the future Lord ?
Lord teach me to be still and and absorb these things from you. Thank you Lord for teaching me at a pace that I can adapt
Show me how to play my part and harness these lessons to bring your kingdom to earth as it is in heaven. Thank you Jesus"
WLT Report
Woman Burns Warehouse Expected To Be Used As ICE Detention Facility
by Anthony
13 February 2026
https://wltreport.com/2026/02/13/woman-burns-warehouse-expected-be-use-as-ice/
Ant-ICE activists are beginning to turn into domestic terrorists.
A woman was seen on video burning a warehouse in Kansas City that has been in talks of being converted into an ICE detention facility.
In the video, the woman is seen igniting a fire on the building’s windows and continuing to spray a liquid to enlarge it.
⬇️
Video and comments in X
https://twitter.com/Breaking911/status/2022286831585231360
5:28 AM · Feb 13, 2026
Additional coverage on Newsweek
Published Feb 13, 2026 at 04:43 AM EST
updated Feb 13, 2026 at 08:50 AM EST
⬇️
https://www.newsweek.com/kansas-woman-burns-warehouse-linked-to-potential-ice-sale-11517613
KMBC news reporter Andy Alcock was at the scene to report on the sale being off.
He said the fire burned for a little while before going out.
Officers were called to the scene about 5:50 p.m. on Thursday, police said.
Kansas City Fire Department firefighters responded and no injuries were reported, according to local officials.
🔥 (Literally)
Woman Burns Warehouse Expected To Be Used As ICE Detention Facility
by Anthony
13 February 2026
https://wltreport.com/2026/02/13/woman-burns-warehouse-expected-be-use-as-ice/
Ant-ICE activists are beginning to turn into domestic terrorists.
A woman was seen on video burning a warehouse in Kansas City that has been in talks of being converted into an ICE detention facility.
In the video, the woman is seen igniting a fire on the building’s windows and continuing to spray a liquid to enlarge it.
⬇️
Video and comments in X
https://twitter.com/Breaking911/status/2022286831585231360
5:28 AM · Feb 13, 2026
Additional coverage on Newsweek
Published Feb 13, 2026 at 04:43 AM EST
updated Feb 13, 2026 at 08:50 AM EST
⬇️
https://www.newsweek.com/kansas-woman-burns-warehouse-linked-to-potential-ice-sale-11517613
KMBC news reporter Andy Alcock was at the scene to report on the sale being off.
He said the fire burned for a little while before going out.
Officers were called to the scene about 5:50 p.m. on Thursday, police said.
Kansas City Fire Department firefighters responded and no injuries were reported, according to local officials.
🔥 (Literally)
Wltreport
Woman Burns Warehouse Expected To Be Used As ICE Detention Facility
Ant-ICE activists are beginning to turn into domestic terrorists. Take a look at the scene:
Watch: Unhinged Woman Tries To Burn Down Rumored ICE Building | ZeroHedge
Friday, Feb 13, 2026 - 07:25 AM
The dramatic rise in left-wing chaos has been remarkable over the past year.
From radical left militant groups firebombing Tesla showrooms, to the protest-industrial complex funded by activist nonprofits unleashing chaos on city streets, to the rise of militant transtifa - even the deep-state publication The Atlantic had to acknowledge the "rise of left-wing terrorism."
This week, a video showing what appears to be an unhinged white liberal attempting to burn what she believed was an ICE warehouse went viral on X on Thursday.
Continued
https://www.zerohedge.com/political/watch-unhinged-woman-tries-burn-down-rumored-ice-buidling
🔥
Additional reporting by
KMBC NEWS
Platform Ventures says it is not moving forward with sale of I-49 property rumored to be ICE detention site
Updated: 5:27 PM CST Feb 12, 2026
Chloe Godding
Digital Content Producer
Andy Alcock
KMBC 9 News Reporter
https://www.kmbc.com/article/kansas-city-rumored-detention-site-not-moving-forward/70328809
Friday, Feb 13, 2026 - 07:25 AM
The dramatic rise in left-wing chaos has been remarkable over the past year.
From radical left militant groups firebombing Tesla showrooms, to the protest-industrial complex funded by activist nonprofits unleashing chaos on city streets, to the rise of militant transtifa - even the deep-state publication The Atlantic had to acknowledge the "rise of left-wing terrorism."
This week, a video showing what appears to be an unhinged white liberal attempting to burn what she believed was an ICE warehouse went viral on X on Thursday.
Continued
https://www.zerohedge.com/political/watch-unhinged-woman-tries-burn-down-rumored-ice-buidling
🔥
Additional reporting by
KMBC NEWS
Platform Ventures says it is not moving forward with sale of I-49 property rumored to be ICE detention site
Updated: 5:27 PM CST Feb 12, 2026
Chloe Godding
Digital Content Producer
Andy Alcock
KMBC 9 News Reporter
https://www.kmbc.com/article/kansas-city-rumored-detention-site-not-moving-forward/70328809
ZeroHedge
Watch: Unhinged Woman Tries To Burn Down Rumored ICE Building
These people are losing their goddamn minds.
Did the arsonist know that professional reporters with video cameras would be at that particular warehouse when she decided to show up for a "protest ICE stunt"?
Everybody in the local area got to add their "sound bite opinion" to the local coverage report. Full name, rank [and serial number?] duly spelled out in excruciating detail.
⬇️
https://www.kmbc.com/article/kansas-city-rumored-detention-site-not-moving-forward/70328809
✍️
Everybody in the local area got to add their "sound bite opinion" to the local coverage report. Full name, rank [and serial number?] duly spelled out in excruciating detail.
⬇️
https://www.kmbc.com/article/kansas-city-rumored-detention-site-not-moving-forward/70328809
✍️
Forwarded from Edward Dowd
There are 3 stages to a credit cycle in a prolonged up cycle according to Minsky:
IMHO We are in the beginning phases of unwinding stage 3…the ponzi finance cycle which requires ever increasing asset prices as opposed to cash flows.
All commercial loan growth from banks in 24 & 25 were to Non Depository Financial Institutions (NDFIs) including private credit, private equity etc. Shadow banking essentially.
Once asset prices stop rising credit tightens the yield curve steepens and the negative feedback loop begins.
Evidence of late is Home prices and AI stocks beginning to deflate.
AI generated definition of the 3 stages:
Minsky outlined three progressive stages of financing units (borrowers) in a credit:
✅Hedge finance: Cash flows from operations fully cover both interest and principal repayments. This is the safest, most stable phase, common after recessions when caution prevails.
✅Speculative finance: Cash flows cover interest payments but not principal, so borrowers must continually roll over (refinance) maturing debt.
✅Ponzi finance: Cash flows cover neither interest nor principal. Borrowers rely on rising asset prices (to sell or collateralize), new borrowing, or asset sales to service existing debts. This is the terminal, most unstable "last part" of the cycle.
EDWARD DOWD
IMHO We are in the beginning phases of unwinding stage 3…the ponzi finance cycle which requires ever increasing asset prices as opposed to cash flows.
All commercial loan growth from banks in 24 & 25 were to Non Depository Financial Institutions (NDFIs) including private credit, private equity etc. Shadow banking essentially.
Once asset prices stop rising credit tightens the yield curve steepens and the negative feedback loop begins.
Evidence of late is Home prices and AI stocks beginning to deflate.
AI generated definition of the 3 stages:
Minsky outlined three progressive stages of financing units (borrowers) in a credit:
✅Hedge finance: Cash flows from operations fully cover both interest and principal repayments. This is the safest, most stable phase, common after recessions when caution prevails.
✅Speculative finance: Cash flows cover interest payments but not principal, so borrowers must continually roll over (refinance) maturing debt.
✅Ponzi finance: Cash flows cover neither interest nor principal. Borrowers rely on rising asset prices (to sell or collateralize), new borrowing, or asset sales to service existing debts. This is the terminal, most unstable "last part" of the cycle.
EDWARD DOWD
Telegram
Edward Dowd
Founder of finance technologies and author of the book "The Cause is Unknown: the epidemic of sudden death in 2021 and 2022".