Is The Economy Just Now Falling Apart

jpc said:
In light of yesterday's tariff meeting in Scotland

Our leprechaun economics revenue model is finished.
Grim times are coming.
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A period of economic straightening might be just what John and Mary need to finally practice some national and personal introspection. The best thing that could happen is the end of bi-annual Spanish holiers
 
Richard Werner, the author of one of the most important books on banking and economic history ever written, Princes of the Yen, explains why Europe is economically stagnant, and in doing so, inadvertently provides a hint at what might be the real reason Shinzo Abe was assassinated three years ago.
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Europe's Coming Lost Decades - Vox Popoli

Richard Werner, the author of one of the most important books on banking and economic history ever written, Princes of the Yen, explains why Europe is economically stagnant, and in doing so, inadvertently provides a hint at what might be the real reason Shinzo Abe was assassinated three years...
voxday.net voxday.net
 
The problems with the economy are not due to Muslim immigration but due to the technological centralization of resources in cities which lead to Socialism & Communism.
 
Meanwhile, over in the UK building work is slowing -

THE latest quarterly survey from the Mineral Products Association (MPA) shows that concrete volumes hit a 62-year low in the second quarter of 2025, fuelling fears of plummeting business confidence, stalling investment, and further driving down construction demand.

www.agg-net.com

Concrete market plumbs new depths as business confidence slips

New industry figures from MPA reveal concrete volumes hit 62-year low in second quarter of 2025
www.agg-net.com www.agg-net.com
 
Ideally, Britain collapsing first would be a great spectacle
 
It would, but my view is that the only hope Ireland has is an economic collapse
 
Well the alternative is worse imo
 
Now ye all know I'm hardly an economic genius. I can balance my cheque book so to speak. I have been speaking these last few days with old friends in a tourist town way Wesht - where I have been coming to for decades.
All of these old friends are SME/ sole traders. They all say that after last winter they are only now starting to break even with the 2nd VAT just around the corner .
Business is there but with everything from electricity to gas to basic supply costs rocketting sky high there will be many many going out of business because they are only working for the taxman at this stage.
The promised VAT cut will be too late for thousands of small businesses in the West
Government sits on their hands as one pillar of our economy crumbles and falls away.
I feel very bad for hardworking people who didnt gauge prices but provided the tourism product we were famous all over the world for.
Dole doors will be slapping come autumn and I am worried. Add to that the global debt monster they created💀..
As Celente says ' When all else fails, they take you to war'
Or am I wrong?
 
willows68 said:
As Celente says ' When all else fails, they take you to war'
Or am I wrong?
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In Ireland's case, that will be mostly be an internal, civil conflict. Unless of course the 'new' Irish have been brought in to round-up the old Irish for conscription in foreign lands
 
PlunkettsGhost said:
Pretty obvious the UK is being systematically dismantled right now.
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Same with that former powerhouse Germany. And everyone else, us included.
Meloni has agreed to give work visas to hundreds of thousands of Africans. All the while her youth unemployment runs in the double digits. We still jest - but very soon we will be at the point of no return. Civil unrest will be the excuse for martial law and those hotel guests will be our executioners or jailers.
Backed legally by the Lisbon Treaty.
Ye didn't think all those barbed wire cabins were for THEM, did ye.
The Grey Zone comes to life.
 
jpc said:
Statistical blip
Inflation had a similar explanation a while back.

Jump in unemployment dismissed as ‘statistical noise’ by Davy – The Irish Times https://share.google/aEoIe217FRxi329id
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Family member is out looking to have some building work done and reckons builders are looking for work again. Plumbers and electricians are still a nightmare to get hold of but quotes for her small extension were not coming in as steep as she feared.
 
This should get your attention.

Arnaud Bertrand on X: "This is, without exaggerating, one of the most extraordinary things a US Treasury Secretary ever said. It should be mandatory viewing for all citizens of US "allies", Europeans first and foremost. What Bessent is saying is that the US will now treat US allies' wealth as an https://t.co/IdNFMW33P7" / X https://share.google/HplmkO1ZvewHGTRpe
 
jpc said:
This should get your attention.

Arnaud Bertrand on X: "This is, without exaggerating, one of the most extraordinary things a US Treasury Secretary ever said. It should be mandatory viewing for all citizens of US "allies", Europeans first and foremost. What Bessent is saying is that the US will now treat US allies' wealth as an https://t.co/IdNFMW33P7" / X https://share.google/HplmkO1ZvewHGTRpe
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Have the Americans officially taken over the 26 Counties yet ? !
 
jpc said:
The German political system doesn't give a fuck about the future of the country.

Germany's Industrial Core Is Collapsing Under The US Trade Deal And The Green Agenda | ZeroHedge https://share.google/3y1fyggnxAEXLx2XW
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Yet both politics and business refuse to conduct an honest diagnosis

And therein lies the problem. There appears to be a mass paralysis in Europe when it comes to questioning the EU narrative, even when it’s biting them hard in the backside!
 
Mad as Fish said:
Yet both politics and business refuse to conduct an honest diagnosis

And therein lies the problem. There appears to be a mass paralysis in Europe when it comes to questioning the EU narrative, even when it’s biting them hard in the backside!
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That's the part that gets me.
If a few of these worthies say publicly the green ideology bollox is going to make paupers of the ordinary people.
Wise up fuck the elites who won't be impacted.
Must be a lot of comprimat about.
 
Mad as Fish said:
Yet both politics and business refuse to conduct an honest diagnosis

And therein lies the problem. There appears to be a mass paralysis in Europe when it comes to questioning the EU narrative, even when it’s biting them hard in the backside!
Click to expand...
The Greater Israel Project requires the West to fail, so it can become the premier seat of global power. This has long been the plan. Prepare accordingly.
 
Its getting close, the UK Economy is a basket case and now this from Germany!

Welfare state is not sustainable, says German chancellor​

Friedrich Merz calls for fundamental reassessment of benefits system and insists he will not be scared away from making necessary reforms

www.telegraph.co.uk

Welfare state is not sustainable, says German chancellor

Friedrich Merz calls for fundamental reassessment of benefits system and insists he will not be scared away from making necessary reforms
www.telegraph.co.uk www.telegraph.co.uk
 
Anderson said:
Its getting close, the UK Economy is a basket case and now this from Germany!

Welfare state is not sustainable, says German chancellor​

Friedrich Merz calls for fundamental reassessment of benefits system and insists he will not be scared away from making necessary reforms

www.telegraph.co.uk

Welfare state is not sustainable, says German chancellor

Friedrich Merz calls for fundamental reassessment of benefits system and insists he will not be scared away from making necessary reforms
www.telegraph.co.uk www.telegraph.co.uk
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Well he could start by making benefits exclusive to those who contributed for 5 years and more. Then enforce laws re polygamy and stop child benefit after child 3 ( for father or mother if ye get my drift
Stop sending billions to Uke and other similar new countries with a hat fetish.
Enforce borders, maybe.
But he won't. Mr Blackrock wants pesky caucasians gone sooner rather than later and follows clear instruction from his handlers.
And what in the hell is with this effers hairdo? Merz? Man, he has a landing strip on his bulbous five- head.
 
Anderson said:
Its getting close, the UK Economy is a basket case and now this from Germany!

Welfare state is not sustainable, says German chancellor​

Friedrich Merz calls for fundamental reassessment of benefits system and insists he will not be scared away from making necessary reforms

www.telegraph.co.uk

Welfare state is not sustainable, says German chancellor

Friedrich Merz calls for fundamental reassessment of benefits system and insists he will not be scared away from making necessary reforms
www.telegraph.co.uk www.telegraph.co.uk
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Well if they hadn't shut down their nuclear plant's and been less retardedly dogmatic about greenery.
And that applies doubly so to the heads of German industrial federations who never seem to have pointed our to the German public this was all bollox and going to destroy them financially.
And let's not forget NS2.
There's something ultra cucked in Germany since the discovery the US were after eavesdropping the Germany government secure communications about 15 years ago
But the biggest problem the bureaucratic state that kills everything in Germany.
If turkey neck Merz was really serious.
Pigs will fly sooner.
 
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Let’s see the Nivdia earnings in a few minutes
 
Despite good numbers , it is down over $6. Each dollar represents 25 billion dollars with this company , the biggest on earth I believe
 
Declan said:
Despite good numbers , it is down over $6. Each dollar represents 25 billion dollars with this company , the biggest on earth I believe
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None of this will end well for the average punter. Precious metal is clearly being suppressed. Gold ought to be well above 2400 ...but is hovering
 
The employment figures released next Friday week will surely be disastrous and the fan will be spluttering. And about time, $40 and $3500 are it seems lines in the sand
 

Credit Card Outage in France​

And so it begins… Be sure to keep some cash handy at all times.
  • France may be heading for an IMF bailout, warns French Finance Minister
  • Predictions that the minority government will fall next week have spooked the markets, adding to the problems of a massive national debt.
  • France risks seeking a bailout from the International Monetary Fund as its government teeters on the brink of collapse, its finance minister has warned.
  • Crédit Mutuel, and CIC, are the major named banks in a nationwide payment outage starting this afternoon around 5:30 PM CEST. There has been no comment from the banks, and no info has been placed on their websites. People all over France are now unable to pay for groceries, unable to withdraw cash, some are stuck at highway tolls and railway stations on a Saturday afternoon. Many French are doing back-to-school shopping as the school year starts Monday, but they can’t pay for what they need to buy. No word on what caused the outage or when it will be resolved.
  • A massive outage is hitting several French banks, including Crédit Mutuel, CIC, Crédit Agricole, and Société Générale: card payments and withdrawals are IMPOSSIBLE. Toll booths are JAMMED with holiday traffic, and card terminals are showing declined payments.
I assume Clown World will manage to muddle through this initial bank crisis one way or another. But it’s not going to be the last one, as the combination of refusing to buy Russian gas and massive spending on Ukraine and unproductive migrants has destroyed the French, German, and UK economies.
It’s likely to be a interesting autumn. It should be a good time to stay in, read some good books, and generally keep things conservative.
UPDATE: all the cash machines were offline in my part of Scotland yesterday.
Shades of October 2008, but this time it will almost certainly be on a larger scale.
UPDATE: Not to worry, it’s just the IT department enhancing the French user experience. Or so we’re informed.
According to a spokesperson for Crédit Mutuel, the issue stemmed from an internal bug affecting payment acceptance for cardholders of the three banks. Reports suggest the problem arose following a routine computer update, preventing the system from verifying account balances during transactions, leading to widespread payment refusals. Crucially, other banking services, such as bank transfers, remained operational, indicating the issue was isolated to card payment processing.
Yet another justification for UATV’s move away from credit cards.
 
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