Is The Economy Just Now Falling Apart

[Declan]

Just 30 billion to the debt limit. It could be hit this week and then it is robbing Peter to pay Paul for a few weeks til that runs out.

So it must be raised before the new Congress while the democrats have the votes.

 

[Coal Gas and peat]

That was precisely the point I took from it also .......seanie Fitzpatrick and David drum told Sean Quinn at a meeting in derrylin to stop buying Anglo shares
He is so sore at losing all....in particular the slieve Russell hotel because it was a huge vanity project for mammy

 

[Anderson]

Inflation slightly down across the euro zone, most likely because of cash handouts by member states to ease the cost of living crisis.

New EU measures against Russia to begin tommorow though.

 

[Declan]

Other central banks will but the bonds as well.

 

[Declan]

So today we have reached the limit at 31,413 billion.

We have a few weeks maybe before all jars are emptied totally.

 

[Declan]

GBPUSD=X is up +0.38% to $1.2342. Check it out on Yahoo Finance: https://finance.yahoo.com/quote/GBPUSD=X.

It is striking that the dollar in about six weeks has reversed and lost about 20% against a dead currency such as the pound.

I suspect the day that Putin got serious and started pounding the Ukraine infrastructure was the death knell of the dollar.

If as is almost certain and the west is beaten in this proxy war, then it could be a milestone in history.

Now how the euro and pound have not collapsed is also a mystery, what with a few more million Ukrainians and Africans on the way.

 

[Coal Gas and peat]

I did not see the last programme, but I heard he cried during it. I might cry at losing a close relative or very dear friend through death, but I would never cry over losing my wealth.

That is why I grow spuds.

We had the best spuds we ever grew this year ........Quinn came out of the documentary very badly.......when asked if he knew Cyril mcGuinness Quinn replied with the alias "Dublin jimmy"
I never really believed Quinn had anything to do with the attacks on lunney , but now I have my doubts .......he kept calling himself "quinn" and "Sean Quinn"
Dirty auld control freak who got badly caught out
he has convinced himself that lunney and Liam mcCaffrey stole the Quinn group off him

 

[Declan]

We are seeing a pretty nasty day in the markets today.

 

[Anderson]

I am still trying to figure if the Irish government got involved in the CFDs. I did not think they could.

What is a CFD?

 

[Declan]

Coin
Contracts for difference. Quinn's downfall

My memory is failing but that is not right.

 

[Declan]

https://www.cnn.com/2022/12/05/economy/debt-ceiling-fight-goldman-sachs/index.html

They can get by til next summers end as they have supposedly 500 billion in cash!!!

But the limit is back under again and won't cross till week end or early next week imo or guess.

50 billion under today.

 

[Anderson]

Increasing social welfare Dole payments over here to cover to match your real job earnings.

Sounds like to me they know shit gonna hit the fan soon.

 

[Declan]

Will it even get to years end. Stocks tanking again today with Meta-facebook down big again. Huge amounts of wealth disappearing.

 

[Myles O'Reilly]

I am still trying to figure if the Irish government got involved in the CFDs.

What is CFD?

 

[Coal Gas and peat]

What is CFD?

Betting on what will happen to a share price without owning the shares

 

[Declan]

Debt to the Penny | U.S. Treasury Fiscal Data

Debt to the Penny is the total debt of the U.S. government and is reported daily. It is made up of intragovernmental holdings and debt held by the public.

fiscaldata.treasury.gov

We are back above the limit of 31.4 trillion.

This is aproblem now. They can rob Peter to paypaul for a few months but the limit now must soon be raised. This will not be as easy as in the past with Republicans in control of the house. But needless to say, some will vote to increase it. But thee will be drama anyway and that in of its self will make the markets nervous

 

[Coal Gas and peat]

After 3 rounds of voting Kevin McCarthy still does not have a majority to become house speaker , I think it's over for him and they will have to try someone else ....possibly Jim Jordan

 

[Idi O'Min]

Debt to the Penny | U.S. Treasury Fiscal Data

Debt to the Penny is the total debt of the U.S. government and is reported daily. It is made up of intragovernmental holdings and debt held by the public.

fiscaldata.treasury.gov

We are back above the limit of 31.4 trillion.

This is aproblem now. They can rob Peter to paypaul for a few months but the limit now must soon be raised. This will not be as easy as in the past with Republicans in control of the house. But needless to say, some will vote to increase it. But thee will be drama anyway and that in of its self will make the markets nervous

Tell that to the Rothschilds.

 

[Coal Gas and peat]

Tell that to the Rothschilds.

And Bernie Goldjew

 

[Idi O'Min]

And Bernie Goldjew

I only found out a few days ago that Klaus Schwab's mother was Marion de Rothschild.

Go figure.