Is The Economy Just Now Falling Apart

[Myles O'Reilly]

True, I know from experience that when you want to achieve something you have to work at it and work at it the right way. It has to be planned right and done right. The mental work is as important as the physical

Like fondling Pig's balls?

 

[Declan]

China cuts two more key lending rates as economy sputters

China cuts two more key lending rates as economy sputters

The People's Bank of China cut two lending rates on Tuesday for the first time in 10 months, as the world's second largest economy shows signs of stalling.

www.cnbc.com

DEFLATION no less is the fear in China. A collapse there will greatly impact Boston as the universities here are full up of Chinese students with plenty of spending money. These pamperpered papoosas could be in for a shock . It is not uncommon for rich Chinese to buy say a 3 million dollar pad for little chin and sell it four years later for 4 million and give smig beag a million bucks for a graduation present.

 

[Declan]

Any idea who bought them? American or foreign?

No idea

 

[Fishalt]

Certain procedures have to be carried out to make farming possible. All calves on my farm have to be de-horned unless they are naturally polled. It is the law, they cannot be legally offered for sale in a mart unless they are de-horned. It can be done at birth or they can be cut off later. Male cattle most be castrated or they will be bulls and
cannot be kept with female cattle. Otherwise there will be unwanted calves and maybe inbred calves. Male sheep
with are not sold as spring lambs must be castrated if kept to maturity. Pigs are optional but castration improves
the bacon. In all these procedures the testis are rendered inactive by squeezing, cutting or rings. It can be
done by a Vet or by any technician. You can call it what you want, it always was and always will be happening. The fact that you are too ignorant to understand it is of no consequence.

Inbred cows/bulls? Does this matter--are they being sold for beef or are they dairy cows? Does it matter if a cow is intellectually disabled as a result of inbreeding?

 

[Declan]

Calif. market installs exit gates to stop shoplifters from stealing https://www.dailymail.co.uk/news/ar...tml?ito=native_share_article-nativemenubutton

San Francisco is all done.

 

[Declan]

It looks like deflation is kicking in.

 

[Mad as Fish]

Inbred cows/bulls? Does this matter--are they being sold for beef or are they dairy cows? Does it matter if a cow is intellectually disabled as a result of inbreeding?

There are all sorts of health issues due to inbreeding, not just mental capacity. Basically, animals tend not to thrive when bloodlines are too close.

 

[Declan]

Over 600 billion of notes and bonds have been sold in less than two weeks since the debt limit was raised. That money is coming out of stocks and everything else and is deflationary. That is not good short term news for silver and gold and bizarrely the value of the dollar is rising.

 

[PlunkettsGhost]

Over 600 billion of notes and bonds have been sold in less than two weeks since the debt limit was raised. That money is coming out of stocks and everything else and is deflationary. That is not good short term news for silver and gold and bizarrely the value of the dollar is rising.

Will hoover up some silver if it goes below 20. Premiums are v-high right now tho.

 

[Declan]

That is the killer. Buying physical here.

In a week and if it drops another bit. I will buy more Call Options.

 

[Coal Gas and peat]

Tomorrow is the last ever day of Argos in southern Ireland .......a sad day for everyone

 

[Mad as Fish]

They are divorced from reality. In future such countries will turn to Brics if it can be set up. That
is a big if.

BRICS is gaining strength daily, I don't think there is much 'if' about it.

 

[jpc]

Down in the docklands after Peter Gabriel gig.
The place is desolate.
Lots of building.
Lots of completed CRE.
Pretty much vacant.
This is another bubble going pop.

 

[PlunkettsGhost]

Down in the docklands after Peter Gabriel gig.
The place is desolate.
Lots of building.
Lots of completed CRE.
Pretty much vacant.
This is another bubble going pop.

'The place is desolate.'

Well. it was a Peter Gabriel gig after all

 

[Declan]

In the 16 business days since the debt limit was increased, the debt has risen by 800 billion dollars.

 

[Fam Shox]

View attachment 1621



In the 16 business days since the debt limit was increased, the debt has risen by 800 billion dollars.

Grow ur own grub and shoot in the head any fucker who tells u its illegal.

 

[bormotello]

View: https://twitter.com/PM_ViktorOrban/status/1674349842955395073

 

[Wolf]

View: https://twitter.com/PM_ViktorOrban/status/1674349842955395073

They're blowing our money on an American planted Nazi in Ukraine.

 

[Fishalt]

View attachment 1621



In the 16 business days since the debt limit was increased, the debt has risen by 800 billion dollars.

It works because tomorrow never comes. States issue their own fiat and they can kick the debt can down the road forever. The money a state owes is not like the debt someone owns on a mortgage or a car. Nobody is repossessing the assets of a state. There will never be a currency collapse in the EU or the US for this reason. It might happen some other way, but you're looking in the wrong spot with increases to debt ceilings. It's a game of musical chairs but the music never stops.

 

[Declan]

I disagree, each of these borrowed dollars must be bought an auction. It still is a marketplace. Those buyers determine the price, and they are sending the price down and interest rates up. When this falters, interest rates will skyrocket.

Tomorrow will come, as it has done for every single country eventually.

 

[Declan]

A trillion will be added in a month.

Most people I know are barely able to pay their bills.

 

[Fishalt]

Derka Derkas and Russia have cut oil again.

https://justthenews.com/politics-po...oost-oil-prices-another-round-production-cuts

 

[PlunkettsGhost]

View: https://twitter.com/VersanAljarrah/status/1677129817324437504

 

[PlunkettsGhost]

View: https://twitter.com/Venomnymous/status/1640146439199236107

 

[PlunkettsGhost]

BlackRock insiders selling stock:


View: https://twitter.com/DonnaPrissyrn1/status/1665881191420141569

 

[Declan]

The debt has gone from 21.6 trillion to 32.4 trillion just since Biden was sworn in!!!!!!!


It is over.

 

[Mad as Fish]

The debt has gone from 21.6 trillion to 32.4 trillion just since Biden was sworn in!!!!!!!


It is over.

You'd think so, but the prophets of doom have been saying this for years.

 

[Coal Gas and peat]

I think it's part of the plan that the debt is so huge you can never pay it back and the real currency is social and cultural change in countries.......it's highly likely that cash will be gone by 2050

 

[PlunkettsGhost]

You'd think so, but the prophets of doom have been saying this for years.

Debt is manageable, as long as the world keeps accepting your promissory notes as the currency du jour . Most debt is actually in bonds in international reserve holdings. When all those are sent back to the mothership, that's when the falsity of the system starts to manifest.

 

[Fishalt]

You'd think so, but the prophets of doom have been saying this for years.

Correct.

I've been hearing this since about 2005.

 

[Wolf]

The debt has gone from 21.6 trillion to 32.4 trillion just since Biden was sworn in!!!!!!!


It is over.

Who owns the debt though?
China?

Interesting....

Top 12 Countries the U.S. Owes Money To

The United States spends a huge chunk of its national paycheck on debt obligations. Where is all that money going?

people.howstuffworks.com

 

[Declan]

You'd think so, but the prophets of doom have been saying this for years.

Yes, but it just has taken off now. Averaging 30 billion a day over the past 10 days and a trillion to refill the coffers in the 4 weeks since the limit was set aside.

 

[Myles O'Reilly]

Lots of completed CRE.

?

 

[jpc]

?

Commercial Real Estate

 

[Declan]

 

[Declan]

Are we ready for blastoff or what.

 

[jpc]

Are we ready for blastoff or what.

The fun part for everyone is paying the interest on debt for the first time in over a decade.

 

[Declan]

The fun part for everyone is paying the interest on debt for the first time in over a decade.

The two year rate is over 5% and the highest since 2007.

The average maturity of the debt is also alarmingly short at 5 years. As more new debt to pay off old debt is issued, it will be at an interest rate far higher.

 

[Declan]

These daily national debt figures are out of control. In three months we will add two trillion to the debt.

 

[Declan]