Is The Economy Just Now Falling Apart

[valamhic]

Take that heresy back

It was Dan I am talking about. You voted for SF. Dan voted for Biden at the at election. He is a rip roaring Democrat.

If living in Dublin he would vote for Ivana Bachik.

 

[valamhic]

On the western world economy. It has taken some walloping over these last 5 years. 1) Trying to turn away from oil and 2) embracing the green crap. 3) Covid hysteria and lockdowns. 4) The Ukraine war, 5) Massive money printing, 6 ) LGBT+Q , 7) Middle East war. 8) De - industrialisation, attacks on electricity production trying to make electricity from the wind while no Irish wind farm can pay off its capital cost. 9) attacks on the car and parking.

And still it goes on, the people are well fed, no one appears to be poor, Everyone is flying about the world. A crash was due 3 years ago, no sign of it.

Happy days, puzzling?

 

[valamhic]

I have no credit card

Oh, so you married into money?

 

[Mad as Fish]

On the western world economy. It has taken some walloping over these last 5 years. 1) Trying to turn away from oil and 2) embracing the green crap. 3) Covid hysteria and lockdowns. 4) The Ukraine war, 5) Massive money printing, 6 ) LGBT+Q , 7) Middle East war. 8) De - industrialisation, attacks on electricity production trying to make electricity from the wind while no Irish wind farm can pay off its capital cost. 9) attacks on the car and parking.

And still it goes on, the people are well fed, no one appears to be poor, Everyone is flying about the world. A crash was due 3 years ago, no sign of it.

Happy days, puzzling?

See No:5.

 

[bormotello]

8) De - industrialisation

View: https://twitter.com/BeijingDai/status/1757340284873298124

 

[clarke-connolly]

OK ~ Its the British Daily Express ~ But it sheds a lot of light on the Irish Economy ~ And how Fragile and Fake the Irish Economy really is.

United Ireland would trap former Britons in ailing economy, warns report

EXCLUSIVE: The size of Ireland's "offshore economy" dwarfs its "onshore" one by almost £200 billion, Mr Lyddon stressed.

www.express.co.uk

 

[tldr]

OK ~ Its the British Daily Express ~ But it sheds a lot of light on the Irish Economy ~ And how Fragile and Fake the Irish Economy really is.

United Ireland would trap former Britons in ailing economy, warns report

EXCLUSIVE: The size of Ireland's "offshore economy" dwarfs its "onshore" one by almost £200 billion, Mr Lyddon stressed.

www.express.co.uk

Overall, we're doing okay. The Express is engaging in raiméis.

https://www.cso.ie/en/interactivezo...snationalproductgnpandgrossnationalincomegni/

The UK contracted 0.3% in the second half of last year. One can only imagine what will happen once Labour get into number 10. There's a lot of tail chasing going on over there presently.

 

[PlunkettsGhost]

View: https://www.youtube.com/watch?v=WPs-p5yIDKU

 

[Coal Gas and peat]

Are we counting the big shipment of Crystal meth discovered in cork in the GDP figures

 

[clarke-connolly]

Are we counting the big shipment of Crystal meth discovered in cork in the GDP figures

Probably = = It seems like = = Drugs are good for Governments ! ! !

 

[Coal Gas and peat]

Probably = = It seems like = = Drugs are good for Governments ! ! !

they are saying the shipments destination was.........Australia but it was being unloaded in cork

 

[PlunkettsGhost]

View: https://twitter.com/profstonge/status/1759603038648705411

 

[Coal Gas and peat]

https://www.breitbart.com/immigrati...-migrant-on-track-to-spend-1-billion-by-2025/

Massachusetts Spending $64 a Day to Feed Each Migrant, On Track to Spend $1 Billion By 2025​

I'm not sure any of Dans taxes will get out to Israel this year , the money will all be spent feeding these rat fucks.........how the hell is it costing even near $64 a day to feed these animals , is there a corruption premium built into these contracts like there is over her

 

[Declan]

At this rate it will hit 35 trillion in a little over 2 months.
This has taken off now and we will not get to year end.

So full steam ahead.

 

[Declan]

The U.S. national debt is rising by $1 trillion about every 100 days

The nation's debt now stands at nearly $34.4 trillion.

www.cnbc.com

They are begins to recognize the slope of the graph.

This nut at 1% was manageable but that is being rolled over at 5%.

March and April is tax paying season so I would see this lasting til June maybe.

But if taxes income to the treasury is low then it could be sooner...

The debt is going to cross 34.5 trillion as soon as Monday or Tuesday.

 

[PlunkettsGhost]

View: https://twitter.com/profstonge/status/1765006083590902202

 

[jpc]

View: https://twitter.com/profstonge/status/1765006083590902202

It's all fine until it's not.
Same applies for Ireland.

 

[tldr]

View: https://twitter.com/profstonge/status/1765006083590902202

Government funding is backstopped by unlimited debt so taxpayers have much less power in the contemporary financial system, other than as pools of future income, essentially becoming indentured elements of an investment bundle like mortgages.

St Onge outlines how much each taxpayer is sending per month etc. but misses the point - the money will never be recovered according to conventional forms and the debt will not be merely inflated away.

Issued debt of this accelerated type is a call on the future liquidation of assets during a transition to a alternative system. Thus the whole "you will own nothing" futuristic notion. The citizens are liable for the debts of the state - by compromising the state's finances a call is made on the citizens' assets, or at least this is the rationale.

Think of money as a representation of the total assets of an economy, with a unit of currency as a percentage of the whole. So a €1,000 is say 0.000000000X% of the total economy.

This is a different system to trading with money based on intrinsic value that requires work to create, is tangible and is limited in supply. In the old system not everything was fungible, in the new everything is liquid.

The full change to virtual money will effectively centralise surveillance and leverage on all commercial transactions. This has been an ideal of technocratic society for over a hundred years, and it seems that the tools to effect it with CBCs (via new institutional frameworks) and AI (mass computational power) are available now. There's a lot of tumult coming before the new system sets.

I may be only able to draw with crayons on this but that's what I think the broad outline is.

There was a chance that it was going to go through uncontested, that's why the monetarist point of view was important to popularise over the past couple of decades.

The argument that it will fail from its giganticism overlooks the fact that other massive schemes in the C20th did persist for decades before they collapsed - for all intents and purposes it can be forced for generations. The stakes are significant.

 

[PlunkettsGhost]

Income Needed To Afford A Home In The US Has Soared By 80% Since 2020 | ZeroHedge

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

www.zerohedge.com

 

[jpc]

Income Needed To Afford A Home In The US Has Soared By 80% Since 2020 | ZeroHedge

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

www.zerohedge.com

That's a good way to measure real inflation.
I'd imagine food would show similar price inflation.