Is The Economy Just Now Falling Apart

[Declan]

It is a mystery to me how it has lasted this long.
My advice is as always, abandon a sinking ship.
More later.

 

[Declan]

As we see, this ship has sprung some serious leaks and if progress is not made on voting to raise the debt limit within a couple of days, expect things to grow more severe.
I suspect there is something going on behind the scenes and the Chinese are threatening a devastating cyber attack, if they have decided to invade Taiwan.
It is now or never for China as it's clock is ticking as the American market for it's rubbish is all done.

 

[Declan]

The coin that could avert a federal debt default

An increasingly vocal chorus is calling for the U.S. to #MintTheCoin — the $1 trillion coin.

www.axios.com

Just reading this article should alarm anyone as to how precarious things are.

 

[Deleted member 38]

The coin that could avert a federal debt default

An increasingly vocal chorus is calling for the U.S. to #MintTheCoin — the $1 trillion coin.

www.axios.com

Just reading this article should alarm anyone as to how precarious things are.

My question is, after reading this article, who put the debt ceiling there to begin with?

And, I do know, that Sec.4 of the 14th Amend states, that the validity of the public debt shall not be questioned.
So, ty Declan for sharing and posting this article, bc, now, I am wondering how the public debt began in the U.S. Constitution?

And, then of course, my other questions are; why would any state/nation peoples agree to such a thing, meaning, not be able to question how, why, or what the public debt was to be raised for, by this federal union's govt?

In thinking out loud here, I will def be researching into this. Ty again for posting and sharing Declan.

 

[Deleted member 38]

My question is, after reading this article, who put the debt ceiling there to begin with?

And, I do know, that Sec.4 of the 14th Amend states, that the validity of the public debt shall not be questioned.
So, ty Declan for sharing and posting this article, bc, now, I am wondering how the public debt began in the U.S. Constitution?

And, then of course, my other questions are; why would any state/nation peoples agree to such a thing, meaning, not be able to question how, why, or what the public debt was to be raised for, by this federal union's govt?

In thinking out loud here, I will def be researching into this. Ty again for posting and sharing Declan.

I was also intrigued with their word, Cudgel, so, I looked it up online in Webster's 1828 online dictionary. I like the older dictionary's bc, I feel they are less corrupted. So, here is 1828 Webster's online dictionary's definition;


CUDGEL, noun A short thick stick of wood, such as may be used by the hand in beating. It differs strictly from a club, which is larger at one end than the other. It is shorter than a pole, and thicker than a rod.

To cross the cudgels, to forbear the contest; a phrase borrowed from the practice of cudgel-players, who lay one cudgel over another.

CUDGEL, verb transitive

1. To beat with a cudgel or thick stick.

2. To beat in general.

 

[Declan]

I am open to correction but I assume the Debt Limit was imposed by the Legislature and not The Constitution as I never saw anything like that mentioned that I remember

 

[Deleted member 38]

I believe they used the 14th Amend as leverage to install their private Fed Reserve Central Banking system here in the U.S. and once they switched all of the states legal representation over and around, they were then able to employ their central banking system, which also, allowed them to eventually infiltrate the U.S. Treasury via the E.S.F. There is a man, a Eric something, who has a five part series on how this secret ESF took over the U.S. Treasury.

I believe the only way that they were able to even begin to do that, was via the 14th Amendment bc of their Sec 4. I tried to contact that man, Eric but he never responded, bc, I feel, if he knew about how they were able to infiltrate that secret ESF in the U.S. Treasury to begin with, he would start to connect the dots. And in 1933 the gold standard was prohibited from the U.S. Treasury, in being able, to being converted into currency via FDR. Then, in 1971 Nixon totally abandoned the ability of the converting U.S. dollar into gold. I am going to be looking into this more now.

So, here is the link to his first audio video on what he knows about the E.S F. in the U.S. Treasury. There are five audio videos to his series.

 

[Deleted member 38]

The Federal Reserve Bank initially was on a 20 yr Charter with the U.S. Government that was legislated by Congress in 1913.That 1913 Charter was due to expire in 1933. But, in around 1926 or 1927, the McFadden Act was passed and within the middle of that Act, there was a hidden act, turning that federal reserve bank original charter, into a standing perpetual charter. They did this about 6 or 7 yrs prior to the original contract's expiration date. Once the expiration date's yr came around FDR made his proclamation, which was followed up via Nixon in the 1970's.

I would like to add that it was in the 1970's too, I think, 1976, which Congress then passed the Foreign Soverign Immunities Act, which allowes everyone to return to the original state govts along with their original fed union govt. I think it is all connected somehow and I only say this due to my studies of law and history over the past 12 yrs or so.

 

[Deleted member 38]

I am open to correction but I assume the Debt Limit was imposed by the Legislature and not The Constitution as I never saw anything like that mentioned that I remember

I think you are correct. I just started looking up how it went with the Articles of the Confederation and their so called debt.

 

[Declan]

The Federal Reserve Bank initially was on a 20 yr Charter with the U.S. Government that was legislated by Congress in 1913.That 1913 Charter was due to expire in 1933. But, in around 1926 or 1927, the McFadden Act was passed and within the middle of that Act, there was a hidden act, turning that federal reserve bank original charter, into a standing perpetual charter. They did this about 6 or 7 yrs prior to the original contract's expiration date. Once the expiration date's yr came around FDR made his proclamation, which was followed up via Nixon in the 1970's.

I would like to add that it was in the 1970's too, I think, 1976, which Congress then passed the Foreign Soverign Immunities Act, which allowes everyone to return to the original state govts along with their original fed union govt. I think it is all connected somehow and I only say this due to my studies of law and history over the past 12 yrs or so.

The had seen what had happened with the first two Central Banks, neither of which had their 20 year Charter renewed .

 

[Declan]

Today the price of West Texas Crude is again up above 82 dollars. Heating oil is going to be 45% higher than last year, about $600 extra.

Everything is set up for a dramatic turn of events now..

 

[Sandra]

Today the price of West Texas Crude is again up above 82 dollars. Heating oil is going to be 45% higher than last year, about $600 extra.

Everything is set up for a dramatic turn of events now..

Petrol is 1 euro and 62 cents per litre here in some stations. If it gets much higher i will be buying a bicycle lol

 

[Declan]

This is a very interesting discussion because this guy Jim Grant is a renowned investor known as The Bond King. Evergrande missed an interest payment of I believe $83m a month ago but had a months grace. To the amazement of most, they produced the money yesterday. Perhaps the government gave it the money to divert contagion.
Some have said that this was related to the cryptocurrency Tether. It has that name because it is tethered to the dollar and must equal a dollar in value. So to hold that, they must have assets being held to give it that value. It's market cap is 70 billion so it holds assets valued at 70 billion. The problem is that it is rumored that most of the assets are Commercial Paper, that is bonds purchased from Chinese outfits like Evergrande. This means they were stupid enough to lend 70b to property developers. Evergrande has a debt of 300 billion and are in trouble, as are some others almost as large. So Tether could be screwed. Bitcoin now has a market cap of 1.2 trillion. This is the popping of the global Real Estate bubble imo.

We shall see.

@kevinmellett

 

[Declan]

Finally things are beginning to get rocky. I have long ago gone all in with silver and have had some others join me. I am amazed at more not jumping off this impending disaster.

 

[Declan]

Reports are that the big guys have unloaded about 70 billion of stocks. Likely exiting and the dip buyers are to be given the bag to hold. The entire thing is held together by printed money, which supposedly is to be tapered

 

[Declan]

Spectacular sell off in bitcoin at a little after midnight. Down 20%. El Salvador used the drop to buy 150 more coins at $48700. They now have at least 1270 coins. Imagine that. About 65 million dollars.

 

[Declan]

Is it all over???
Apple went to within a whisker of a cap of 3 trillion this morning. All that is need is one smash and grab to doom this one.

 

[Declan]

Apple has been reduced by 200 billion dollars. The dip buyers no doubt are rushing in as it worked up to this. But it looks like we are all done here. We shall see.

 

[Declan]

I am buying more silver shares here and am delighted that silver has held well and it saw good buying by retail investors when prices went below 23 dollars. The premiums on physical, while still high have receded. Eagles being bought for less than $30 will soon be seen as a bargain.

 

[Declan]

It looks as if Apple fails to hold 3 trillion dollars in value. I will short it right here with 15 minutes to go.