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INTRO:

• A major U.S. credit rating agency turns negative on U.S. debt. What does this mean?
• A new report by a British medical journal shows vast conflicts of interest among regulators at the U.S. Food and Drug Administration.
• The central bank of China is rushing to buy massive amounts of gold, indicating it’s preparing for substantial changes in the dollar-centric international monetary system.
• A third major Burger King franchisee declares bankruptcy.
• And two of the nation’s largest grocery chains are abandoning hundreds of stores in anticipation of a mega merger that, if approved by regulators, would cause rising food prices and mass job losses across multiple states.

All these stories and more when the Worldview Financial Report begins, right now!

XXX

Welcome to the Worldview Financial Report.

Moody's moved last week to lower its outlook on the U.S. credit rating to “negative” from “stable” citing large fiscal deficits and a decline in debt affordability.

The move drew immediate criticism from Joe Biden's administration. Apparently, the regime thinks it can continue to recklessly spend, spend, spend without ever encountering any consequences.

The action by Moody’s follows a rating downgrade by another ratings agency, Fitch, earlier this year.

Federal spending and political polarization have been a rising concern for investors, contributing to a selloff that took U.S. government bond prices to their lowest levels in 16 years. When bond prices fall, interest rates rise.

Christopher Hodge, chief economist for the U.S. at Natixis, told Voice of America:

“It is hard to disagree with the rationale, with no reasonable expectation for fiscal consolidation any time soon. Deficits will remain large ... and as interest costs take up a larger share of the budget, the debt burden will continue to grow.”

Moody’s said in a statement that “continued political polarization in Congress raises the risk that lawmakers will not be able to reach consensus on a fiscal plan to slow the decline in debt affordability.”

William Foster, a senior vice president at Moody's, told Reuters:

“Any type of significant policy response that we might be able to see to this declining fiscal strength probably wouldn't happen until 2025 because of the reality of the political calendar next year.”

XXX

The Epoch Times reports that two high-level regulatory officials with the U.S. Food and Drug Administration who were involved in vaccine oversight accepted jobs at Moderna just months after signing off on the licensure of the company’s COVID-19 vaccine.

This is according to an independent investigation by The British Medical Journal.

The report, authored by Peter Doshi, associate professor at the University of Maryland School of Pharmacy and senior editor at The British Medical Journal, reveals a long-standing revolving door between the FDA and the pharmaceutical companies whose products it regulates. This raises questions about the impartiality and independence of top FDA regulators.

Dr. Doran Fink is a “physician/scientist experienced in regulation and clinical development/licensure of vaccines and related biological products” and was deeply involved with vaccine regulation at the FDA for more than 12 years, according to his LinkedIn profile.

According to the BMJ report, Fink started his FDA career as a clinical reviewer in 2010 and “worked his way up” to Deputy Director of the Division of Vaccines and Related Product Applications within the FDA’s Office of Vaccines Research and Review, where he led a team of medical officers focused on infectious diseases and related biological projects.

During the COVID-19 pandemic, Fink was a prominent voice on COVID-19 vaccines and which population groups should receive them. He spoke on behalf of the FDA at numerous meetings held by the agency’s vaccine advisors who met to discuss whether to approve COVID-19 vaccines, change their composition, or authorize boosters.

According to the BMJ report and Dr. Fink’s LinkedIn profile, Fink also served on the senior leadership team for COVID-19 vaccine review and policy activities in response to the COVID-19 public health emergency.

As part of his role, he advised vaccine manufacturers on vaccine development throughout the pandemic and coordinated “expedited review of regulatory submissions,” advised U.S. government stakeholders outside the FDA on COVID-19 vaccine science and development, and contributed to FDA guidance on the development, licensure, and emergency use authorization of COVID-19 vaccines.

According to Fink’s LinkedIn profile, he left the FDA in December 2022 and started a job at Moderna as the head of “Translational Medicine and Early Clinical Development, Infectious Diseases” in February 2023.

Dr. Jaya Goswami has a similar history. Dr. Goswami began working as a medical officer at the FDA’s Center for Biologics Evaluation and Research in March 2020 and had “broad oversight over vaccines and biologics clinical development,” according to the BMJ report.

Goswami was responsible for determining whether Moderna’s COVID-19 vaccine clinical data met regulatory standards for approval. Moderna’s SPIKEVAX received FDA approval in January 2022. Goswami’s LinkedIn profile said she left the FDA in June 2022 and began working for Moderna that same month as their director of clinical development in infectious diseases.

XXX

Zero Hedge reports that the People’s Bank of China is in a hurry to buy enormous amounts of gold, indicating it’s preparing for substantial changes in the dollar-centric international monetary system.

Based on information from industry sources, total gold purchases by the Chinese central bank (reported and unreported) in the third quarter of 2023 accounted for 179 tonnes. Year-to-date the Chinese bought 593 tonnes, which is 80% more than what it bought in the first three quarters last year. Its total estimated gold holdings are now 5,220 tonnes, more than twice what’s officially disclosed at 2,192 tonnes.

The movement toward gold by central banks is showing no sign of slowing down. Mainly the Chinese central bank is on a voracious buying spree since 2022, and it’s obtaining way more metal than what is officially reported. The People’s Bank of China buys gold off the radar, not to send shockwaves through the market, allowing it to exchange its dollars for more bullion in anticipation of shifts in the international monetary order.

XXX

As our attention has been swayed toward the Middle East and war between Israel and Hamas, the globalists are moving at breakneck speed toward their dream of establishing a truly digital society in which all human beings are tagged and tracked, with a social credit score attached to each of their purchases.

It was reported this week that the United Nations, the Bill and Melinda Gates Foundation, and partners of the Rockefeller Foundation are launching a campaign to accelerate digital ID, digital payments, and data sharing rollouts in 50 countries by 2028, all under the umbrella of creating a digital public infrastructure or DPI. 

They’re calling it the 50-in-5 Agenda.

As part of this agenda, the United Nations Development Program (UNDP) has announced plans to roll out digital IDs worldwide by the year 2030, and they will be mandatory for people who wish to participate in society, says Reclaim the Net, which advocates for free speech and individual liberty online,

It appears the European Union will be one of the more aggressive governmental bodies to move in the direction of digitizing its citizens. Once this is accomplished, the next step will be the digital currency and then a full-on social credit scoring system. China is the model for this.

The European Parliament and Member States have just reached an agreement on the introduction of digital identity, a Dutch MEP reported on November 8 in a post to X.

“I just left the room where we had negotiations about the digital identity—and I have bad news,” announced Dutch Member of the European Parliament Rob Roos on Wednesday.

Once this digital identifier is in place the next step will be a CBDC, or central bank digital currency. In the Great Reset, aka New World Order, the twin digitization of currency and human bodies always go together.

And Roos said that is exactly the plan in Europe.

On X, in a November 8th post with a video, he wrote:

“BREAKING: Very bad news. The European Parliament and Member States just reached an agreement on introducing the Digital Identity, #eID. Directly afterwards, #EU Commissioner Breton said: “Now that we have a Digital Identity Wallet, we have to put something in it…”, suggesting a connection between #CBDC and eID. They ignored all the privacy experts and security specialists. They’re pushing it all through. I am not optimistic. But it is not too late yet. Parliament still has to vote about this. Let your MEP know that you oppose the Digital Identity and that you want your MEP to vote against it!”

WATCH VIDEO

https://x.com/Rob_Roos/status/1722304545676497141?s=20

This is all part of the United Nations-driven, WEF-driven, satanic beast system that, when fully mature, will be the fulfillment of Revelation 13, where nobody will be able to buy or sell, work a job, hold a bank account, receive any healthcare services, collect any government assistance (yes, that includes Social Security), without first submitting to the beast system. This will involve some type of digital marking. Get ready. It’s coming.

XXX

Are you better off under Joe Biden than you were under President Trump?

Biden seems to think you are.

In a speech Thursday, Biden said the economy is rocking under his leadership and Americans know it.

Listen to his reasoning.

WATCH VIDEO

https://rumble.com/embed/v3s5llt/?pub=rze3r

So American wages are not being eaten up by inflation. No, that’s just your imagination. Wages are actually up, Biden informs us. 

During that same speech, Biden also exhibited a short temper.

Check out this outburst of anger.

WATCH VIDEO

https://rumble.com/embed/v3s5lmn/?pub=rze3r

I’ve got one word for that: Embarrassing.

But Joe Biden is not only embarrassing, he’s delusional.

He was confronted this week by Fox News reporter Peter Doocy and asked why he is trailing in the polls to Donald Trump in key swing states like Michigan and Georgia.

Here’s his response.

WATCH VIDEO

https://rumble.com/embed/v3s4c6t/?pub=rze3r

XXX

Restaurant Business Online reports that Premier Kings, a 172-unit Burger King franchisee whose owner died in 2022, has filed for bankruptcy protection, saying that operating losses, even after the company closed multiple restaurants, forced the issue.

It’s the third time this year that a major Burger King operator has taken such a step, while several others closed restaurants around the country in the aftermath of the chain’s sales and profit challenges.

In this case, Premier Kings’ Chapter 11 filing follows the untimely death of its owner, Patrick Sidhu, whose Popeyes stores were placed into bankruptcy earlier this year for the same reason.

The company put the restaurants up for sale and hired the investment banker Raymond James & Associates to market the restaurants. The company closed several restaurants to “avoid further losses” and stabilize the business to prepare a sale.

But those cost-cutting measures didn’t work. The company said it faced pressure from landlords, vendors and secured lenders.

Premier Kings generated $223 million in sales in 2022 and had an operating loss of $27 million. Bankruptcy court documents also reported $134.5 million in assets and $123.1 million in liabilities.

The company has deals with a pair of initial bidders vying for parts of the company totaling about $34 million. One is for $15.5 million with RRG of Jacksonville for 44 stores in the Savannah, Ga., and Jacksonville, Fla., areas. The other is for $18.5 million for the purchase of 31 stores in North Alabama.

There are at least 44 potential bidders for at least some of the restaurants.

Burger King struggled with weak sales coming out of the pandemic while costs for labor and food took off. Two large-scale operators, Meridian Restaurants and Toms King, filed for bankruptcy and were sold. In both cases, however, not all of the stores were sold and numerous locations were shut down.

XXX

The Epic Economist reports that Kroger and Albertsons, two of the nation’s largest grocers, are abandoning hundreds of stores in anticipation of a mega merger.

At the moment, U.S. regulators are extremely worried about the emergence of what they call food deserts, given that even more shutdowns are expected to occur by 2024. They say multiple communities will lose their local grocery store, while hundreds of thousands of workers will be threatened by mass job cuts.  

Both chains, Kroger and Albertsons, have been struggling to compete with giants like Amazon and Walmart over the past few years. In recent months, their financial results have been quite disappointing. 

Kroger CFO Gary Millerchip admitted that the company expects sales to drop this quarter, predicting further pressure on consumers who are already being squeezed on several fronts due to high prices, debt, and rising interest rates. 

Amid such economic challenges, the company’s sales plunged by about $700 million year over year in the third quarter. Now, Kroger is planning to buy Albertsons for nearly $25 billion. The deal is set to close next year. But there’s a whole lot that can go wrong until then, reports the Epic Economist. 

In fact, the merger can either make or break the grocers. If they do get the approval of the Federal Trade Commission and seal the deal, the companies can create the next grocery mega-chain. On the other hand, if they don’t get the approval, the two struggling chains could face huge financial losses that would put their businesses in peril. 

In both cases, there would be mass store closings and job losses, which are, actually, already in motion. In order to get the approval of the Federal Trade Commission, the grocery retailers agreed to sell 400 stores to C&S Wholesale, the same operator of Piggly Wiggly. 

An additional 430 stores are being abandoned by the two chains across 17 states. The shutdowns are being conducted to ease concerns about their potential control over the grocery market. The biggest issue is that they’re acting before there’s an official confirmation. If the deal doesn’t go through, the loss of retail footprint will likely damage their finances and place them further behind in the grocery market. Advocates believe the merger would destroy smaller grocery chains, and leave shoppers scrambling with fewer choices and higher prices. 

The fact that Kroger and Albertsons have been raising prices faster than their competitors certainly doesn’t help their case. Between June 2020 and June 2023, Kroger prices rose on average by 31%, while at Walmart, prices rose by 28.1% over the same period, with a 0.4% and 0.7% decline in August, and September, respectively.  

Epic Economist reports that in the face of all of these issues, several state treasurers are urging the FTC to oppose the merger, citing concerns about a further reduction in employees’ wages. The companies could be looking at billion-dollar losses that would completely devastate their grocery business in 2024. Instead of building an empire, they could be setting up their companies for failure. 

XXX

Google’s ambitious foray into the world of electric transportation faced an unexpected roadblock… or rather, a hill.

According to World Peace Exclusive, the tech’s lauded “100% Electric Bus” took on San Francisco’s iconic hilly terrain, only to lose power midway up, roll backward, and turn into a four-wheeled pinball, colliding with reportedly a total of nine vehicles on its unintended descent.

The electric behemoth is part of Google’s fleet of approximately 140 luxury buses, primarily used to transport Google’s employees from various parts of San Francisco, the East Bay and other Bay Area locations to the firm’s Mountain View headquarters.

However, the recent accident involving the electric bus in San Francisco indicates that Google’s ambitious eco-friendly initiatives may have a few bumps — or rather, a few rolls — to iron out. The incident shined a light on the potential challenges of powering large vehicles up the city’s famously steep hills.

As the bus lost power, it began to roll backward, creating a path of mild destruction by colliding with nine vehicles on its way down, according to World Peace Exclusive.

WATCH VIDEO

https://x.com/darren_stallcup/status/1721612116124426419?s=20

Google has made no official comment on the incident, and no information is currently available at this time.

XXX

Bank of America is warning Americans to expect the national debt to top $50 trillion. Citing data from the Congressional Budget Office, the U.S. national debt is very likely to surge by $20 trillion over the next decade.

That is if the entire global debt-based fiat currency system even lasts that long. The ruling classes of the globe have big plans to ensure they control every aspect of every human being’s existence on this planet.

According to the forecast, the current outstanding public debt amounts to roughly $33.6 trillion, but at the pace it is growing and due to “fiscal excess in the 2020s,” it is likely to grow by $5.2 billion daily for the next 10 years, which would put it at around $54 trillion by 2033, according to a report by RT. 

“U.S. public debt is… more than the combined GDPs of China, Japan, Germany, and India,” Bank of America investment strategist Michael Hartnett noted in the forecast. He warned, however, that Washington was unlikely to stop taking loans even if the federal deficit is contained because borrowing is seen as a means to fuel economic growth and help drive the circulation of money. 

Harnett added:

“Likely central banks may simply bail out governments in coming years via quantitative easing and the introduction of yield curve control.”

That means we should expect the cost of living to rise as inflation continues to beat down the middle class and the central bankers further devalue the already worthless fiat currency.

XXX

One guy who has predicted all of the inflationary pressure we’re seeing is Wes Peters of Swiss America. Peters recently talked about inflation and the plans for a central bank digital currency in a video podcast with Dean Heskin, CEO of Swiss America Trading.

WATCH VIDEO (clip from 1:02 mark to 5:30 mark)

https://www.youtube.com/watch?v=sWP4wyBEpSM

You can kiss all privacy goodbye, indeed. And we will have a weaponized government looking over our financial shoulders. Thank you, Wes Peters, for that analysis. 

And yes, China is the model for all of this digitization of everything, the tracking and surveillance of everything we do. Klaus Schwab, head honcho at the World Economic Forum, has admitted this in the wide open. We ignore his words at our own peril.

That does it for this edition of the Worldview Financial Report. Thanks for watching, and thanks for supporting this viewer-supported broadcast.

Until next time…

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