Is The Economy Just Now Falling Apart

[Myles O'Reilly]

"And in another controversial move, the commission recommends that the level of agriculture and business relief from CAT tax should be changed. Under this relief, the market value of a qualifying property or farm is reduced by 90pc when calculating the tax on a gift or inheritance. The commission wants this reduced to 80pc, arguing that such a change would still exclude the majority of farms from the tax."

 

[Deleted member 1]

Young people face risk of ‘substantial’ reduction in the amount of money parents can leave to their children tax-free​

Young people face risk of ‘substantial’ reduction in the amount of money parents can leave to their children tax-free

There should be a “substantial” reduction in the amount of money parents can leave to their children tax-free, a Government-appointed commission on taxation has recommended.

www.independent.ie

I hate these thieving bstrds so much.

 

[Declan]

Rocky day ahead now

 

[Declan]

Bad start to the day with stocks, bonds, oil, metals and bitcoin all down big. The dollar up against the other dead ducks .

Dow down 850 with 5 long hours plus left in trading today.

 

[Myles O'Reilly]

52
56
62
57

Miles per gallon over last 4 tanks.

So I'm averaging precisely 57mpg (47US).

I'll take that. Depending on what way he drives and what he's hauling around I'd say Val's Caddy gets up into the mid 40's.

Latest tank 56mpg.

This aul bus is very consistent.

 

[Declan]

I am on16 mpg

 

[Myles O'Reilly]

Don't worry Sir, its not as bad as it sounds. 16 US = 19 imperial MPG

Don't think I'd be able to fit Jake and his snake into the Corolla anyhow.

 

[Declan]

Both Jake and Diamond Dallas Page the following day

 

[Myles O'Reilly]

Big lads. Was Damien in the boot?

 

[Declan]

Trunk. No boots here. I could fit an Austin A40 in my trunk.

 

[Myles O'Reilly]

Yeah but Damien's longer than an Austin. More slippery too

 

[Declan]

I was one of 13 squeezed to an A40 one night from Salthill to a houseparty in Newcastle. A lad snuck in a finger and the boyfriend blamed the wrong lad.

 

[Declan]

It is coming up in an hour to the announcement of the latest Fed move.

In the meantime both the euro and English pound are continuing to fall. The euro now gone below 99c.

So get used to huge electric bills. What doesthewoman in Roscommon do after paying 19k this month. What about next month.

We will see complete collapse in the next 60 days as the cold comes in. Maybe in as little as 10 days as we get into October.

 

[Declan]

^TNX has surged +5.64% to $3.7080. Check it out on Yahoo Finance: https://finance.yahoo.com/quote/^TNX.

Interest rates again skyrocketing today is smothering the metals and indeed stocks as well.

 

[Declan]

Euro at 97c and the pound at 1.09 down 3c.

Pretty huge moves. Just wait til it gets cold .

 

[Declan]

Euro at 95c, pound at 1.05.

When does the panic begin???

 

[scolairebocht]

I think the air of panic is now beginning to build, specifically the Bank of Englands intervention today has that air about it. If it fails in a few days, as I think it will, you will see at least some panic.

I don't know when but definitely all currencies will implode, in a sequence ending with the dollar, sometime before 2030 anyway.

 

[Fam Shox]

I think the air of panic is now beginning to build, specifically the Bank of Englands intervention today has that air about it. If it fails in a few days, as I think it will, you will see at least some panic.

I don't know when but definitely all currencies will implode, in a sequence ending with the dollar, sometime before 2030 anyway.

No shit, Sherlock.

 

[Declan]

I think the air of panic is now beginning to build, specifically the Bank of Englands intervention today has that air about it. If it fails in a few days, as I think it will, you will see at least some panic.

I don't know when but definitely all currencies will implode, in a sequence ending with the dollar, sometime before 2030 anyway.

Maybe by the 30 of September, we ain't going to get to 2030.

Just taking federal debt. When Trump took over it was 19.7 trillion. Now it is 31 trillion

 

[Declan]

The woman before me!!!!

 

[Anderson]

View attachment 371

The woman before me!!!!

Thats a queer cash machine.

 

[Declan]

It is a straight gas pump though.

 

[Myles O'Reilly]

She bought $5 of gas?

 

[Declan]

Yes. She used a paper towel to touch the pump and the knob to select grade, she put in less than a gallon and a half in her toyota and drove off. I got 50 as I was half full but am going to Maine tomorrow and wanted a full tank.

 

[Myles O'Reilly]

She used a paper towel to hold the knob? Sounds like a germ-conscious hooker.

 

[Declan]

big towel

 

[Myles O'Reilly]

No wonder she only needed a fiver. She was driving a Corolla. She'll get 500 miles outta that.

 

[scolairebocht]

Yes the currencies could collapse about now, but I dont think we really know which horror they spring on us first!

The way I see it the powers that be have various cards they can play, at least some of which are inevitable, but in what order or exactly when they are played, is up to them.

Right now I am inclined to think they will want the army on the streets before the economic crash, to control things? So maybe a ramping up of the war atmosphere before the real economic crash? But I am only guessing!

 

[Declan]

We are looking over the ledge here because everything is down big except the dollar. The bond market falling is very bad news for pension funds etc etc etc.

Some big entity is likely to fail if this day turns very sour.

 

[Declan]

Federal debt gone above 31 trillion at 31137000000000.

31.4 T is the present debt limit. It might be hard to get that raised if the Republicans get the majority in the House in a few weeks.

 

[Myles O'Reilly]

My local filling station has no agricultural diesel to day.

Filling station in Donegal destroyed in blast. Just looking at the destruction and the number of cars there unfortunately there'll be a number of dead.

Joespha Madigan has called for the "culprits to be brought to justice". Perhaps she knows something we don't.

 

[Myles O'Reilly]

"Just after talk to my friend, he lives in the area there, seems there was a gas leak in an apartment above the shop for a few weeks, and that the story at the moment."

 

[Declan]

Surely a gas leak.

 

[Myles O'Reilly]

From the pictures it doesn't look like the pumps or else I presume the entire forecourt would be obliterated.

 

[John Collins]

Terrible tragedy. I was only in Donegal last week for the first time in many years.

 

[Myles O'Reilly]

She must've thought it was the Russians.

 

[scolairebocht]

Why do they just casually assume it was a gas explosion, why not present some evidence for that theory? There are no mains gas lines in Donegal and whole buildings heated by outside lpg gas tanks are very unusual and rare in Ireland, although not impossible. Presumably bottled gas could never set off such an explosion either.

 

[Declan]

I believe the volume of gas in a cylinder if escaped would be enough to cause a large explosion

 

[scolairebocht]

I guess, but if that size? They certainly had solar panels and nowadays these are often installed with large battery systems, which sometimes are inclined to explode.

 

[Myles O'Reilly]

"The mother of a child believed to be trapped inside described how she was originally told her daughter was dead, only to be told later that it was not her daughter who had been found near the entrance of the shop and she remains missing. The woman said she had to tell her husband first that their daughter was dead and to make his way to Letterkenny hospital where she believed her remains had been taken.

She then had to tell him she was not dead but missing and to search for her among the injured in the hospital.

Amid the chaos, the family of another woman was told she had been found conscious in the forecourt and was on her way to hospital, only to later be told it was not her and she was unaccounted for."