Is The Economy Just Now Falling Apart

[PlunkettsGhost]

Target to close 9 stores across four states because of theft and crime

The Minneapolis-based company will close locations in the Harlem neighborhood of New York City, Seattle, Portland and the San Francisco Bay Area effective Oct. 21.

www.startribune.com

These thieves/parasites will continue to steal, so bad news for surrounding stores. The obvious result is that the people of the area will not be able to buy stuff cheaply anymore, their position is therefore reduced.

But the less obvious result is that the area itself will now longer be cash subsidized by the company Target.

If a store loses say 10 million a year to theft, that 10 million value is no longer delivered to the area.

Notice that the areas are all compete liberal shitholes where theft to $950 is not prosecuted. (In the case of California)

This downward slide can not be reversed in my opinion and in 6 months or less the entire food chain will be gone.

It is fascinating to watch the unwinding of the US.

It seems the plan is to starve out the urban centers, between the shutting down of retail, and the destruction of food processing and distribution plants, I don't see any other scenario developing. It will all be blamed on the coming war of course. Putin's fault.

 

[Declan]

Like a case of gangrene. It can not but spread. The next store beside the closed Target will be robbed.

 

[Fishalt]

Here's a hypothetical:

Let's say there's a global currency collapse, and paper money becomes worthless. Everybody who's holding silver and gold get fabulously wealthy.
Explain to me how, in this situation, you're going to convert your Indian Pennies and Bullion into a transactable form of currency at price-scale elative to the exchange? That is, if you want to buy a pot roast at the supermarket that costs 1/50th the price of an ounce of silver, for example, but you've only got ounces of silver on hand. You gonna shave a little bit of it off at the till?

 

[Mad as Fish]

Here's a hypothetical:

Let's say there's a global currency collapse, and paper money becomes worthless. Everybody who's holding silver and gold get fabulously wealthy.
Explain to me how, in this situation, you're going to convert your Indian Pennies and Bullion into a transactable form of currency at price-scale elative to the exchange? That is, if you want to buy a pot roast at the supermarket that costs 1/50th the price of an ounce of silver, for example, but you've only got ounces of silver on hand. You gonna shave a little bit of it off at the till?

Exactly so. We might pose a similar question to those who believe that growing their own food is a realistic option. Just the simple carrot, for example, will require the ground to be tilled, seed to be obtained when, presumably, the shops lie ransacked, fertiliser applied, weeds to be pulled, disease to be treated and crops to be harvested and stored. In addition to which they only grow in the summer and are hardly nutritious.

I have been around farming for a long time now and all I am sure of is that I’ll starve if left to be self sufficient.

 

[Declan]

The secret could be to plant two carrots a chara.

 

[Fishalt]

Exactly so. We might pose a similar question to those who believe that growing their own food is a realistic option. Just the simple carrot, for example, will require the ground to be tilled, seed to be obtained when, presumably, the shops lie ransacked, fertiliser applied, weeds to be pulled, disease to be treated and crops to be harvested and stored. In addition to which they only grow in the summer and are hardly nutritious.

I have been around farming for a long time now and all I am sure of is that I’ll starve if left to be self sufficient.

I could do it. But that's only because I'd have access to the bounty of the sea. Vegetables and fruit I could do for as long as I could get fuel, and parts for a pump. The second either became unavailable, that would more or less be the end of that. No water=no produce, and an inevitable death by scurvy. At least in my neck of the woods. Fertiliser can be made easily enough. Weeds fermented in buckets of water does it. Won't produce NPK type results but for subsistence it would do.

But I digress. The point is, even in a pre-apocalytpic scenario hoarded bullion isn't going to the moon because it has no immediately fungible value in a real-world transactional sense. I'm not saying metalbugging is a terrible play. It's a fair hedge against inflation, in the long run. Like commodities, it has its peaks and troughs and if you keep your ear to the tracks you should be able to ride well enough to make a tidy profit from it.

I know Val in particular is keen on Keynes. I Wonder if he's ever encountered this quote by Maynard:

'In the long run, we're all dead'.

 

[Fishalt]

View: https://www.youtube.com/watch?v=KgUemV4brDU

 

[Declan]

View: https://twitter.com/Raw_Reporting/status/1706870923293528410?t=8zKP0xknrrsuKguisbR9ww&s=19


Look at this heifer saying everyone must eat and she about 12 stone overweight.

 

[Coal Gas and peat]

Live rounds are the only answer to these rampaging chimps

 

[Fishalt]

View: https://twitter.com/Raw_Reporting/status/1706870923293528410?t=8zKP0xknrrsuKguisbR9ww&s=19


Look at this heifer saying everyone must eat and she about 12 stone overweight.

Reminds me of this CNN piece. Still one of the funniest things I've ever seen.

 

[clarke-connolly]

Reminds me of this CNN piece. Still one of the funniest things I've ever seen.

View attachment 2544

CNN = = Taking the Piss.

 

[Declan]

Looks like some sometimes are only very rare sometimes

 

[Declan]

 

[Declan]

All very grim news again today. Everything down except the dollar and oil.

For oil to be rising so much in this deflation means that supply is dropping like a stone as demand is also dropping as a depression is already started.

 

[clarke-connolly]

All very grim news again today. Everything down except the dollar and oil.

For oil to be rising so much in this deflation means that supply is dropping like a stone as demand is also dropping as a depression is already started.

Biden is like a Lead Cannon-Ball to anything he touches = = Which is why the American Deep-State / Dark-State put him where he is.

 

[Declan]

 

[Declan]

This is an indication of the early stages of a mass exodus from dollar assets. When this starts to be a rour, has got to be soon, what happens when it breaks 5%

 

[valamhic]

Do you have a wallet.

I have no Bitcoin at all. A member of my family bought at the start and has paper value now.

I have it in assets and the yellow Iron.

 

[valamhic]

This is an indication of the early stages of a mass exodus from dollar assets. When this starts to be a rour, has got to be soon, what happens when it breaks 5%

When it breaks 5% all lower yielding bonds will be sold off for about 60 cents on the dollar. Depositors will pull
their money out of banks paying 3% to buy higher yielding bonds. This would result on a banking collapse but
the Fed will buy those bond at 100 cents on the dollar. They will pay for this by printing money adding to inflation.
It will be a bail out in all but name. No interest will be paid on those bonds.

It could go to 5.5% . Many companies will fail and I hope wind companies will fail too. The 2008 crash could have
been prevented by printing money. The difference this time is that everyone knows the US is bankrupt, foreign investors are dumping US Treasuries, there is a fledgling alternative trading system. How it goes from there I won't venture to say yet except Gold and Silver is the only money to hold. Here is the debt clock.

https://www.usdebtclock.org/

 

[Putins Shades]

Oil could hit $150 a 55 gallon drum of oil... sending ‘shock through system,’ says top shale CEO
Doug Lawler, chief executive of Continental Resources, the shale-drilling giant controlled by billionaire Harold Hamm, telling Bloomberg News on Monday that crude prices are set to remain elevated and could press to the $120- to $150-a-barrel range without new production.

More price pressure is coming, he said, unless policies are put in place to encourage more output.

Oil could hit $150, sending 'shock through system,' says top shale CEO

Oil could rise to $120 to $150 a barrel, sending a shock through the financial system, the chief executive of a top shale-oil company says.

www.marketwatch.com

This should be fun if Oil is that expensive, I would start stocking up now!