Is The Economy Just Now Falling Apart

Interest rates up a full one percent in England in about a week. The Bank of England now buying 10 billion pounds of Gilts a day in an attempt to stabilize the sell off.
 
Looks like it is the Japanese yen going down first as it nears 150 to the dollar. Japan is hugely embedded and must have a colonial retirement debacle immediately ahead.
 
It is just about to break 150 yen to the dollar. Plenty happening now as the interest rate is well above 4% on the 10 year. Truss is surely all done and the Russians are about to roll. In the states, the democrats are in a panic with the election only 18 days away. Biden is releasing more oil to try to keep gas prices down.
 
Declan said:
Biden is releasing more oil to try to keep gas prices down.
Click to expand...
Arra c'mon. He's releasing nothing. He wanders around the White House in his soiled pants looking for the bathroom.

His people have released the oil.
 
The dollar is beginning to look a bit lax lately. We reach the latest debt ceiling of 31.4 trillion . They must raise this before the new Congress is sworn in about the start of January. This time it could be a real problem.
 
Meta, aka Facebook has shit the bed after their earnings report.
 
finance.yahoo.com

Jittery Stock Traders Eye Four Days That Will Sow Market’s Fate

(Bloomberg) -- Investors just got over a hectic week, contending with a blitz of earnings from some of America’s biggest companies as well as a pile of uncertain economic and geopolitical news. But what’s coming may be even worse. Most Read from BloombergSeoul Stampede Leaves Over 150 Dead at...
finance.yahoo.com finance.yahoo.com

Ten days that could rock the world.
 
We await the interest rate hike in an hour. 0.75% expected. Anything else will shake things up. It is the next one in two months that can not be sustained because 4% on overnight funds is the same as the 10 year now. The clock is ticking.
 
So stocks went up and then collapsed down, not good. We shall see what the employment numbers say now on friday
 
Its my 2 year anniversary being banned from Youtube after jokingly (under a Bill Maher video) laying out how Trump could perform a Coup.

Ever since all I get on my Youtube Homepage is kids sh1t. How much mála a man can eat before barfing and how many lego blocks can go up before collapsing.

Why am I being tortured thus?
 
Could the dollar have started its collapse at last. Gold rose 98 dollars this week. The yen was above 150 to the dollar and is now at 138.
 
We are now just 52 billion from the debt limit. That means it could hit it even Friday but certainly in a matter of days now. They can juggle accounts for a few weeks but this time, it looks like it could be a serious problem as the republicans can prevent the limit being raised.

So the other option is to raise it before the new Congress comes in in January 3.

This could get very interesting indeed.
 
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.
 
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
 
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.
 
Other central banks will but the bonds as well.
 
So today we have reached the limit at 31,413 billion.

We have a few weeks maybe before all jars are emptied totally.
 
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.
 
valamhic said:
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.
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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
 
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.
 
Will it even get to years end. Stocks tanking again today with Meta-facebook down big again. Huge amounts of wealth disappearing.
 
fiscaldata.treasury.gov

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 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
 
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
 
Declan said:
fiscaldata.treasury.gov

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 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
Click to expand...
Tell that to the Rothschilds.
 

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