Is The Economy Just Now Falling Apart

Declan

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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.
 

Declan

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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.
 

Declan

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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.
 

Myles O'Reilly

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Biden is releasing more oil to try to keep gas prices down.
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.
 

Declan

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True. And it is just 15 million barrels. We use 20 million a day.
Down to 400 million from 640 in March when they started.
 

Declan

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Truss is out and the pound rises. Lol.
 

Declan

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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.
 

Declan

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Meta, aka Facebook has shit the bed after their earnings report.
 

Declan

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Ten days that could rock the world.
 

Declan

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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.
 

Declan

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So stocks went up and then collapsed down, not good. We shall see what the employment numbers say now on friday
 

Myles O'Reilly

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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?
 

Declan

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Look at bitcoin collapse, now at 15600.
 

Declan

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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.
 

Declan

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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.
 

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