Is The Economy Just Now Falling Apart

[jpc]

Snappy little article on collapse of European businesses and some of the why's.

More European Companies Go Bankrupt, Debts Soar and Shortages Grow - Global Research

The number of business failures in the European Union rose by 3.1% in the second quarter of the year after having increased by 4.5% in the previous quarter. Yet, despite the collective European Union economy being ruined, the bloc insists on self-destructive policies, such as the imposition of...

www.globalresearch.ca

 

[Declan]

Great ti see gold at an all time high. Remember when roc said it was stupid to buy, lol.

 

[Mad as Fish]

Great ti see gold at an all time high. Remember when roc said it was stupid to buy, lol.

Is it stupid to sell at the mo?

 

[Declan]

Why would you sell if you believe the value of the dollar and euro are headed to worthlessness. It is important to hide well part or all of your gold

 

[Declan]

In the month after the debt going above 35 trillion, we have added about 300 billion more. We are clicking up 10 billion a day now. A recession has just started here imo so we could see 40 trillion next year easily. We are in the end stage.

and expect a good drop in stocks tomorrow as well as NVidia had decent earning but is falling overnight. The next and final shoe to drop is the dollar value which seems to have topped about two months ago imo.

Big events coming is next friday week with jobs and the debate on Sept 10. If we see Cameltoe do a dementia Joe, there will be a rout.

 

[clarke-connolly]

I saw some article saying that Warren Buffet has been selling more stock ( decent amount of stock even by Warren Buffet standards )

Warren Buffet likes to have ready cash after an, economic crash / stock market crash ~ ~ To cash in and buy stocks at low prices.

Looks like the Economic Crash is Near !

 

[Declan]

300 jobs impacted as Tullamore company to close by 2026
https://www.rte.ie/news/leinster/2024/0829/1467249-cardinal-health-tullamore/

Ireland is primed for genocide

 

[PlunkettsGhost]

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:

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.

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.

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

 

[PlunkettsGhost]

The imminent collapse of Great Britain | ZeroHedge

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

www.zerohedge.com

 

[Declan]

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]

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.

 

[bormotello]

But no dependency on Russian gas anymore

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

 

[Declan]

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

 

[PlunkettsGhost]

The last gasp of the Eternal Boomer, desperately hanging onto the door-frame of the false promise of an American Dream:

Parents Caught Committing Credit Fraud to Take Cruises

A Redditor discovered that his parents opened credit cards in his name to go on cruises, racking up more than $10,000 in debt.

www.cruisehive.com

 

[PlunkettsGhost]

1.6 Million Migrants In UK Are Unemployed, Costing Taxpayers £8.5 Billion: Report | ZeroHedge

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

www.zerohedge.com

 

[Declan]

Roll on winter in England . This is it

 

[Declan]

‘Strap In’—Fed Suddenly Braced For A U.S. Dollar ‘Crisis’ That’s Predicted To Spark ‘Total Collapse’ And A ‘Critical’ Bitcoin Price ‘Tipping Point’

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

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]

‘Strap In’—Fed Suddenly Braced For A U.S. Dollar ‘Crisis’ That’s Predicted To Spark ‘Total Collapse’ And A ‘Critical’ Bitcoin Price ‘Tipping Point’

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

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.

Whatever she sucks, it’s probably good & well..

 

[bormotello]

But no dependency on Russian gas anymore

VW Weighs First-Ever Germany Plant Closures to Cut Costs

Volkswagen AG is considering unprecedented factory closures in Germany in a bid for deeper cutbacks in another blow for Chancellor Olaf Scholz’s government.

www.bnnbloomberg.ca

 

[jpc]

But no dependency on Russian gas anymore

VW Weighs First-Ever Germany Plant Closures to Cut Costs

Volkswagen AG is considering unprecedented factory closures in Germany in a bid for deeper cutbacks in another blow for Chancellor Olaf Scholz’s government.

www.bnnbloomberg.ca

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.