Is The Economy Just Now Falling Apart

[jpc]

Yellen Dispatched to Beg China for Face-Saving Slowdown

The U.S.’ growing urgency in ‘containing’ China’s development was thrown in sharp relief this week as Janet Yellen arrived in Beijing for what turned out to be an execrable beggar’s tour. Just days prior to her arrival, she had buzzed the punditry with her historically memorable exclamation that...

simplicius76.substack.com

 

[Mad as Fish]

Yellen Dispatched to Beg China for Face-Saving Slowdown

The U.S.’ growing urgency in ‘containing’ China’s development was thrown in sharp relief this week as Janet Yellen arrived in Beijing for what turned out to be an execrable beggar’s tour. Just days prior to her arrival, she had buzzed the punditry with her historically memorable exclamation that...

simplicius76.substack.com

I was over at an engineering plant in the UK a week or two ago and was struck by the fact that it didn't even appear to be trying to be competitive, yes, there were the usual plattitudes about investment, but on reflection it was looking its age rather than looking forward. Selling the site to a housing developer would probably pay for a nice new factory in China.

 

[Declan]

The inflation report today put the cat among the pidgens and saw interest rates go up nearly a quarter of a percent. The very slow real estate market will be even slower.

 

[jpc]

I was over at an engineering plant in the UK a week or two ago and was struck by the fact that it didn't even appear to be trying to be competitive, yes, there were the usual plattitudes about investment, but on reflection it was looking its age rather than looking forward. Selling the site to a housing developer would probably pay for a nice new factory in China.

The huge issue.
Energy inputs are crippling.
Another issue and the real tell with such site's.
What's the Preventive Maintenence scheduling like?
Seen a few scary things when this is neglected on "costs basis "

 

[Esatdigiwank]

Just how will this be powered?? 145 acres to be concreted over.
Who is behind this barely-announced monstrosity?

Controversial €1.2bn County Clare data centre campus gets green light

Controversial plans for a major new data centre campus in County Clare have been given the green light by An Bord Pleanála.

www.newstalk.com

 

[clarke-connolly]

Just how will this be powered?? 145 acres to be concreted over.
Who is behind this barely-announced monstrosity?

Controversial €1.2bn County Clare data centre campus gets green light

Controversial plans for a major new data centre campus in County Clare have been given the green light by An Bord Pleanála.

www.newstalk.com

Jeez = = All Donald Trump did was Improve a Golf Course and a Hotel ! !

 

[PlunkettsGhost]

View: https://twitter.com/profstonge/status/1778763726608331162

 

[PlunkettsGhost]

View: https://twitter.com/profstonge/status/1777313970661085397

 

[Declan]

We are going to see some week. And the following week, after taxes are paid in, then the debt will resume its climb quickly to 35t

 

[clarke-connolly]

We are going to see some week. And the following week, after taxes are paid in, then the debt will resume its climb quickly to 35t

You'll be lucky to be allowed to, Keep Your Own Money ! ! !

 

[Mad as Fish]

Energy costs and climate fuckwittery are biting deep in Germany -

Steelmaker Thyssenkrupp has announced a substantial production reduction at its site in Duisburg in western Germany, a step that will also lead to job cuts for its roughly 13,000 employees at the location, public broadcaster WDR reported. The country’s largest steelmaker said high energy costs and tight emission reduction regulation contributed to its decision to reduce steel output in Duisburg by about two million tonnes per year.

Energy costs, regulation see drastic steel output reduction at German factory – Thyssenkrupp

www.cleanenergywire.org

 

[clarke-connolly]

Energy costs and climate fuckwittery are biting deep in Germany -

Steelmaker Thyssenkrupp has announced a substantial production reduction at its site in Duisburg in western Germany, a step that will also lead to job cuts for its roughly 13,000 employees at the location, public broadcaster WDR reported. The country’s largest steelmaker said high energy costs and tight emission reduction regulation contributed to its decision to reduce steel output in Duisburg by about two million tonnes per year.

Energy costs, regulation see drastic steel output reduction at German factory – Thyssenkrupp

www.cleanenergywire.org

America has Fucked The Germans = = The Germans were buying too much Energy from the Russians = = So the Americans decided to Fuck Up the Germans = = What-ever happened to Angela Merkel ? !

 

[Declan]

Looks like the Yen is the weak link. Down 10% in a hundred days. That is a sharp fall for a supposedly top tier currency

 

[Myles O'Reilly]

Pakis and kebab men can beat that price but it's not great fish and they are useless at cooking it (hard , dry ,burnt)

You never know what the khunts are putting in it either.

In England they made a kebab out of a girl called Charlene Downes and fed her to her parents.

 

[Ruck Da Fules!]

Germany is fucked!


View: https://x.com/kanthan2030/status/1780630674761789739?s=46

 

[PlunkettsGhost]

Keep three things in mind here. First, Russia has a similar amount in European funds frozen that it will seize in return if the Russian funds are stolen, as well as considerably more foreign assets that can be easily nationalized. As with the previous sanctions, this act will strengthen the Russian economy at the expense of the European economies.

Second, China is already being sanctioned and is the second-largest holder of US Treasury bonds, at $800 billion. This is 40 percent lower than it was 11 years ago and is a 14-year low. This is one reason why the USA has been unable to export inflation the way it used to

if China were to follow Russia’s lead in dumping the dollar entirely, US inflation would probably double from where it is today.

The Empire's Economic Death Spiral - Vox Popoli

Apparently the foreign elite ruling the imperial USA are under the impression that the only way out of its Ukrainian debacle is through. Unfortunately, this concept doesn’t work when the rapidly approaching object is not a cloud, but the ground: The House passed a foreign aid package on Saturday...

voxday.net

 

[jpc]

The Empire's Economic Death Spiral - Vox Popoli

Apparently the foreign elite ruling the imperial USA are under the impression that the only way out of its Ukrainian debacle is through. Unfortunately, this concept doesn’t work when the rapidly approaching object is not a cloud, but the ground: The House passed a foreign aid package on Saturday...

voxday.net

And here's the answer.
Is there anything to be said for another high level meeting?
Stating the obvious!

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[Coal Gas and peat]

I experienced a live event last week where I spoke to at least 250 people ......nobody is happy and most like me don't agree with one single piece of government policy .....I can confirm we've still on track to see fine Gael obliterated and fianna fail seriously wounded ..........not the answer to all our problems I know , but a damn solid start it will be

 

[clarke-connolly]

I experienced a live event last week where I spoke to at least 250 people ......nobody is happy and most like me don't agree with one single piece of government policy .....I can confirm we've still on track to see fine Gael obliterated and fianna fail seriously wounded ..........not the answer to all our problems I know , but a damn solid start it will be

A Political Knee-Capping for the FFG Traitors = = A Good Start.

 

[Declan]

I think that FG could be actually wiped out despite this being nearly impossible in the PR system.

 

[jpc]

Budget surplus of €8.6 billion expected​

Budget surplus of €8.6 billion expected, but there would be a deficit without corporation tax

Minister McGrath noted that the surplus is ‘heavily dependent on volatile “windfall” corporate tax receipts’.

www.thejournal.ie

"However, Finance Minister Michael McGrath has cautioned that there would be an underlying deficit without “windfall” corporation tax receipts."

Without the Multinationals it seems we would be a busted flush.

Yep!
The strange one is why's he mentioned the bleeding obvious?

 

[clarke-connolly]

Yep!
The strange one is why's he mentioned the bleeding obvious?

Perhaps the Corporations are Boiling McGrath Balls ! !

 

[PlunkettsGhost]

View: https://twitter.com/bennyjohnson/status/1783129693580927047

 

[Declan]

As interest rates are up again today, things are falling apart. We shall see how this proceeds.

In tandem, Japan is in an increasing fall down. It is really screwed and the yen is down 11% so far this year.

 

[PlunkettsGhost]

As interest rates are up again today, things are falling apart. We shall see how this proceeds.

In tandem, Japan is in an increasing fall down. It is really screwed and the yen is down 11% so far this year.

I think Japan will see the writing and join up for the BRICs basket of currencies. The world needs sound money again after the coming currency crises. Currency is not money

 

[jpc]

Fast reading!
Some good comments on the retardery that is the EU.
Needs to be cut back to a trade organisation exclusively.
Nothing else.

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[Declan]

 

[Declan]

All eyes are on japan. It looks like the week link now and the yen is reflecting this.

 

[Coal Gas and peat]

Why is Japan in trouble ? Too much tech and cars being built ? Japan is a place that should be doing fairly well

 

[jpc]

Why is Japan in trouble ? Too much tech and cars being built ? Japan is a place that should be doing fairly well

Massive public debt.
Population falling like a stone.
Very poor policy decisions after their crash in the late 80s.
Lots of zombie companies.
Industries not the pacesetters that they were.
Very slow decision making process.
Doesn't help the points above.

 

[Ruck Da Fules!]

A very aging population too.

 

[Declan]

Why is Japan in trouble ? Too much tech and cars being built ? Japan is a place that should be doing fairly well

An ag g population and a huge debt. 3 times gdp , the highest on earth.

So rising interest rates will kill every country, looking like Japan leading the pack.

 

[PlunkettsGhost]

 

[Declan]

The end of trading could not come fast enough for the Yen. It dropped 2.72 yen to the dollar or a gigantic 1.75%. That is an unusually large move for a currency. Another nudge Monday and it will have moved from 140 to 160 to the dollar in the 4 months from the start of the year. It surely will hurt if for no other reason that higher oil prices. Any investor that is in dollar assets are having a good return.

 

[PlunkettsGhost]

This of course will just hasten the end of the Rules Based Order:

Economic aides to former US President Donald Trump are looking for options to stop countries from shifting away from the US dollar as it faces a growing challenge from emerging markets, including BRICS nations, Bloomberg reported on Friday. The presumptive Republican nominee for the November presidential election and his team are discussing penalties against both allies and adversaries

Trump Threatens De-dollarization Sanctions - Vox Popoli

Threatening the nations that are breaking away from Clown World’s financial control with more of what they seek is highly unlikely to prove successful: Economic aides to former US President Donald Trump are looking for options to stop countries from shifting away from the US dollar as it faces a...

voxday.net

 

[PlunkettsGhost]

View: https://twitter.com/ProdigalThe3rd/status/1784202085988237459

 

[Declan]

Is bitcoin the biggest scam, con or ponzi of all history. It seems to be having one of its many small pullbacks of 10% and trying to hold $63000.

Its value s 1300 billion dollars. If the value disappears, someone will be left holding a big bag.

 

[PlunkettsGhost]

Is bitcoin the biggest scam, con or ponzi of all history. It seems to be having one of its many small pullbacks of 10% and trying to hold $63000.

Its value s 1300 billion dollars. If the value disappears, someone will be left holding a big bag.

with a punt via the ETFs I would imagine. That way you avoid all the nonsense with cold storage and needing to use a 3rd party exchange like coinbase

 

[Declan]

I think bitcoin could bring the whole house of cards down.

 

[Coal Gas and peat]

-13% in a day?