Is The Economy Just Now Falling Apart

Coal Gas and peat said:
https://www.breakingnews.ie/ireland...n-turnaround-push-shares-plummet-1657161.html

Intel is cutting close to 17,000 jobs and suspending its dividend payments.

The chipmaker, which employs close to 4,900 people in Ireland, said on Thursday it would cut more than 15 per cent of its workforce and suspend its dividend starting in the fourth quarter as the chipmaker pursues a turnaround centred around its loss-making manufacturing business.


So how many jobs will go in leixlip.......17% of 4900 is 883
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Meanwhile Intel's CEO

View: https://twitter.com/PGelsinger/status/1820129317122080977
 
In any event, it’s clear that the central banks have kicked the can, locked things down, and pulled every rabbit out of their hat that they can imagine. This leaves war as the only available panacea, so I suppose it’s useful in this regard that WWIII already began two years ago; it would be an interesting historical echo if the USA gets directly involved again precisely two years after the global conflict began.

1914-1917, 1939-1941, 2022-2024?

The other thing that strikes me is that by sending four carriers to the Middle East, we may – MAY – be witnessing the anticipated Sicilian Expedition Moment in the making. Nothing would more profoundly exemplify the end of Pax Americana and the imperial USA than the simultaneous sinking of all four carriers.
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The Markets Sink - Vox Popoli

I stay very, very far away from the stock markets, since they are a rigged game. But they are useful indicators of social mood, and so it’s informative that Tokyo just saw the worst day on the Nikkei since the end of the Heisei Boom in 1988. Japan’s benchmark Nikkei 225 stock index plunged 12.4% […]
voxday.net voxday.net
 
The dow was s up but tesla and such is strong ll sinking today
 
Declan said:
The dow was s up but tesla and such is strong ll sinking today
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Before the trump interview the other night elon was pushing crypto hard offering instant double you coin offer but you had to have crypto to do it.....no cash :sneaky:
To be honest I was very suspicious of it ....he kept saying this is free money no limits 1 coin or 1000 coins would be doubled up instantly on this one time only deal
 
I no longer feel we are heading to the total collapse of the economy, I think we are heading to Weimar Republic territory. They will keep the printing presses going and Inflation will get out of control. Then like Germany, they will introduce a new currency, in this case, a new Digital one to replace the old format and create a new standard. All your old-type Euros, Dollars, and Pounds will be worthless.

Only the online Digital Currency will be legal tender.
 
jpc said:
Good read and insights especially in comments about the decline of manufacturing.

The Death of the Engineer CEO: Evidence that Short-Termism and Financialization Had Become Ascendant | naked capitalism

A look at how some turning points in the history of Corporate America, such as CEO changes of guard, explain how America hollowed itself out.
www.nakedcapitalism.com www.nakedcapitalism.com
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There are companies I know which are very compentenly run by engineers, the trouble is that are part of corporations which are run by money men who only look to the share price. Different breed altogether.
 
Snappy little article on collapse of European businesses and some of the why's.

www.globalresearch.ca

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

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