Is The Economy Just Now Falling Apart

PlunkettsGhost

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And no, this isn’t a result of Brexit. Germany is in even worse shape. But regardless, it is clear that the decision to back Ukraine has been a fatal one for the British economy, the coming collapse of which is becoming increasingly obvious in the wake of Ukraine’s recent defaulting on its massive debt:
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Translation: Ukraine is bankrupt and can’t even pretend that it’s going to repay all of its massive war-related debts after defeating the Russians. The economic collapse of the Ukrainian government will lead to a political collapse and the military collapse of its armed forces; Russia’s increasingly rapid advances in the Donbass are in part due to the beginning stages of the latter.
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This is the genius of Putin’s patient multi-front attritional strategy and why he has an economist running the Russian Ministry of Defense. He never needed to bomb Britain or Berlin in order to comprehensively defeat them.
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Weimar Britain - Vox Popoli

And no, this isn’t a result of Brexit. Germany is in even worse shape. But regardless, it is clear that the decision to back Ukraine has been a fatal one for the British economy, the coming collapse of which is becoming increasingly obvious in the wake of Ukraine’s recent defaulting on its...
voxday.net voxday.net
 
Declan

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That was a great read.

the bottom line is that the 161.5 billion of Ukraine bonds are worthless as they will never be repaid.

the other shocking thing was electivity prices in England was 4 or 5 times the european average, how could that be.
 
Skin the Goat

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Declan said:
That was a great read.

the bottom line is that the 161.5 billion of Ukraine bonds are worthless as they will never be repaid.

the other shocking thing was electivity prices in England was 4 or 5 times the european average, how could that be.
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But no dependency on Russian gas anymore
www.wsws.org

Massive job cuts at German steelmaker Thyssenkrupp: IG Metall union sides with management

Steelworkers at Thyssenkrup must break the control of the corrupt trade union apparatus and its mafia-like company structures and take the defence of jobs into their own hands.
www.wsws.org
5373158680805105590.jpg
 
Declan

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A great number of people seem to think that they have the right to an investors money????.
Anyone foolish enough to have for example bought property in London must be having second thoughts.

I am toying with the idea of buying a rural pub in Ireland for a private club, but why should I rush, i see none of them are selling on daft,ie
 
Declan

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www.forbes.com

‘Strap In’—Serious $40,000 Bitcoin Price Crash Warning Issued As The Fed Suddenly Braces For A U.S. Dollar ‘Crisis’ That’s Predicted To Spark ‘Total Collapse’

Fears are swirling the U.S. is on "the verge of a total collapse," setting up the bitcoin price for "a critical tipping point"...
www.forbes.com www.forbes.com

It is only a mayter of days now before rwality bites in The Ukraine. Markets open up here tomorrow after the holiday and the jobs report Friday will surely paint a grim picture.

and dont for a second believe that Kamila Harris has any real support at all. Everyone knows she is where she is because she sucks.
 
Esatdigiwank

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Declan said:
www.forbes.com

‘Strap In’—Serious $40,000 Bitcoin Price Crash Warning Issued As The Fed Suddenly Braces For A U.S. Dollar ‘Crisis’ That’s Predicted To Spark ‘Total Collapse’

Fears are swirling the U.S. is on "the verge of a total collapse," setting up the bitcoin price for "a critical tipping point"...
www.forbes.com www.forbes.com

It is only a mayter of days now before rwality bites in The Ukraine. Markets open up here tomorrow after the holiday and the jobs report Friday will surely paint a grim picture.

and dont for a second believe that Kamila Harris has any real support at all. Everyone knows she is where she is because she sucks.
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Whatever she sucks, it’s probably good & well..
 
jpc

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bormotello said:
But no dependency on Russian gas anymore
www.bnnbloomberg.ca

BNN Bloomberg - Canada Business News, TSX Today, Oil and Energy Prices

Get the latest Canadian business news, including TSX updates, changes to oil and energy prices, and Bank of Canada coverage. Explore stock market investing and get expert financial insights on investment portfolio strategies.
www.bnnbloomberg.ca www.bnnbloomberg.ca
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Here's an interesting observation.
I remember an article years ago stating that when the German Middle classes feel the full brunt of globalisation and immigration their pretentious smug green lefty indulgences would rapidly be dispensed with.
And the industrial collapse of Germany and now VW making no bones about shuttingup shop, should be waking them up.
I put in a few searches into brave looking for that article.
Here's the interesting bit.
Try and see what you get.
90% of the hits were the German Middle classes and their support of Hitler.
Wow that's some algorithm to lay a guilt trip on the Germans 24/7/365
Oh and when you put the same search terms into Yandex. Non of the Nazi and the middle class stuff.
Go figure that out.
 
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Mad as Fish

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jpc said:
Here's an interesting observation.
I remember an article years ago stating that when the German Middle classes feel the full brunt of globalisation and immigration their pretentious smug green lefty indulgences would rapidly be dispensed with.
And the industrial collapse of Germany and now VW making no bones about shuttingup shop, should be waking them up.
I put in a few searches into brave looking for that article.
Here's the interesting bit.
Try and see what you get.
90% of the hits were the German Middle classes and their support of Hitler.
Wow that's some algorithm to lay a guilt trip on the Germans 24/7/365
Oh and when you put the same search terms into Yandex. Non of the Nazi and the middle class stuff.
Go figure that out.
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I've been finding this for a while now, the web is screwed and I use it a lot.

My 'favourite' is Patrick Moore, co founder of Greenpeace rather than the astronomer. A few years back he pointed out that in fact we need more CO2 in the atmosphere, not less, if we are to feed a growing population, and quite right he is to. Try look him up though and all you'll get is AI generated word salads telling us that he is basically a low down good for nothing tosser.

Just today I wanted to reference the fact that the oceans were cooling and despite using that word in the search term all I got was historical hysteria about how they were actually boiling!
 
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It looks like the Next Irish General Election is one that none of the " Big " Parties want to win.

Fine Gael TD Rats and Fine Gael Gene Pool Rat TD's ( independents that were former Fine Gael TDs ) are jumping off the Stinking Ship = = These Rats are jumping because they know the, Shit is Going To Hit The Fan while the Stinking Ship is Sinking.

Sinn Féin have smelt The Rats and don't want to go in to Government either ! ! !
 
Professor

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I laugh out loud but . . . it's fairly true, Just like gardaí retiring in increasing numbers - They probably don't want to be acting brutally heavy against innocent protestors and commentators with valid opinions (which gardaí also quietly share) 😶
Now we know why Robocop & Robodogs were invented.
 
V

valamhic

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clarke-connolly said:
It looks like the Next Irish General Election is one that none of the " Big " Parties want to win.

Fine Gael TD Rats and Fine Gael Gene Pool Rat TD's ( independents that were former Fine Gael TDs ) are jumping off the Stinking Ship = = These Rats are jumping because they know the, Shit is Going To Hit The Fan while the Stinking Ship is Sinking.

Sinn Féin have smelt The Rats and don't want to go in to Government either ! ! !
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So it looks like I will have to do it. I'll dig into the bastards.
 
jpc

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Have a read.
More than once because there's a serious level of detail.
The next time some gobshyte is spouting on about the economy.
Consider the article below.

treeofwoe.substack.com

Gross Domestic Fraud

Why Gross Domestic Product is Grossly Fake
treeofwoe.substack.com treeofwoe.substack.com
 
Declan

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Reality is setting in on multiple fronts.
1. The debt has added another 320 billion in a little over a month since crossing 35t on July 26.
2. Rising prices are killing restaurants etc and that industry is cooked. Many people are tapped.
3. Real Estate has stopped rising so people can no longer borrow home equity.
4. The Ukraine War is lost and more importantly, so is the money.
5. Israel is in danger of being defeated, by itself.
6. The Democrats by a freak of events, do not have a candidate for president.
7. Nobody believes media anymore


So tomorrow sees a jobs report and meanwhile the Yen is gaining on the dollar, that is a big problem for Japan and big banks there may go bust and indeed the entire country could as well, watch the Nikkei
 
Declan

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When bitcoin drops big, as in now, you know someone is going bankrupt
 
PlunkettsGhost

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Death of Th Suburbs:

Visit old neighborhood for the first time since 2009. 30% of the houses have been on the market for 5 years. Average age has doubled, nobody who grew up there can afford to live there. Aunt gets emotional talking about the lack of kids in the neighborhood on Halloween. House across the street is a revolving door of Indian immigrants with vehicles and garbage on the lawn. Was my hometown just unlucky, or has the upper middle class suburb died a slow painful death in the past 15 years?
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the Boomers who raised their children in the suburbs were never committed to those communities the way people who grew up in small towns and city neighborhoods were. The suburb was populated by transients; the homes were never designed or intended to be handed down over the course of generations, nor, for the most part, were they. Everything from property and inheritance taxes to reverse mortgages and Boomer consumption patterns militate against the survival of the suburb in America.
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The Slow Death of Suburbia - Vox Popoli

As a Generation X suburbanite, I was given the opportunity to grow up with one of the more idyllic childhoods ever known to human history. But the unique factors that made the American suburb possible in the first place have been systematically eliminated, thereby rendering them, like the USA...
voxday.net voxday.net
 
Mad as Fish

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jpc said:
Good article brilliant summary actually of the reasons for the disintegration of companies and by extension the economy.

www.palladiummag.com

When the Mismanagerial Class Destroys Great Companies

www.palladiummag.com www.palladiummag.com
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A lot in there to digest, it takes us to the question of what exactly a company is, or should be, and in seeking an answer it appears that several big names have screwed up.

What was not mentioned though, is the reversion to corporate socialism that lack of innovation has brought about. Rather than produce products that are wanted, companies have resorted to inflicting their products upon the consumer through lobbying for legislation that favours their wares. This is the crux of the great green hoax and is as damaging to society as corporations playing pass the parcel with subsidiaries.
 
jpc

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Mad as Fish said:
A lot in there to digest, it takes us to the question of what exactly a company is, or should be, and in seeking an answer it appears that several big names have screwed up.

What was not mentioned though, is the reversion to corporate socialism that lack of innovation has brought about. Rather than produce products that are wanted, companies have resorted to inflicting their products upon the consumer through lobbying for legislation that favours their wares. This is the crux of the great green hoax and is as damaging to society as corporations playing pass the parcel with subsidiaries.
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And not unrelated to the discussion and your points.


internationalman.com

Here’s Why the World’s Comfort Class Is So Far Removed From Reality…

Today, we are in this unfortunate situation where the ostensible pillars of production are distinct from the actual pillars of production.
internationalman.com internationalman.com
 
Mad as Fish

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PlunkettsGhost

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The Economic Decline of Germany​


The decline of the traditional German brewing industry shows no signs of slowing down. Recently, several breweries have filed for bankruptcy or closed permanently, resulting in the loss of centuries-old brewing traditions.

The latest victims are the Gambrinus Brewery in Weiden, Upper Palatinate, and the Gesellschaftsbrauerei Viechtach, about 100 km southeast. Both are located in the Bavarian border region with the Czech Republic, an area often described as structurally weak. The nearly 100-year-old Gambrinus Brewery filed for insolvency on Friday at the Weiden District Court due to unpaid bills and outstanding wages. The brewery’s decline is attributed to rising costs, pandemic-related sales losses, and internal issues, with current production at around 15,000 hl, half its peak output.
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The Economic Decline of Germany - Vox Popoli

The suicidal decision to increase energy prices is now causing centuries-old German breweries to shut down: The decline of the traditional German brewing industry shows no signs of slowing down. Recently, several breweries have filed for bankruptcy or closed permanently, resulting in the loss of...
voxday.net voxday.net
 
jpc

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PlunkettsGhost said:

The Economic Decline of Germany​




The Economic Decline of Germany - Vox Popoli

The suicidal decision to increase energy prices is now causing centuries-old German breweries to shut down: The decline of the traditional German brewing industry shows no signs of slowing down. Recently, several breweries have filed for bankruptcy or closed permanently, resulting in the loss of...
voxday.net voxday.net
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You elect morons.
You get disaster!
 
Professor

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Coal Gas and peat said:
800 jobs will go .......Intel are building and sacking at the same time .........incredible
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Perhaps having/managing Real Estate is more valuable than being an employer (of humans)??

Maybe the corporations don't care about making stuff but nowadays more about controlling & owning stuff is where it's at??
:unsure:
 

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