Is The Economy Just Now Falling Apart

[SeekTheFairLand]

Credit Card Outage in France​

And so it begins… Be sure to keep some cash handy at all times.

• France may be heading for an IMF bailout, warns French Finance Minister
• Predictions that the minority government will fall next week have spooked the markets, adding to the problems of a massive national debt.
• France risks seeking a bailout from the International Monetary Fund as its government teeters on the brink of collapse, its finance minister has warned.
• Crédit Mutuel, and CIC, are the major named banks in a nationwide payment outage starting this afternoon around 5:30 PM CEST. There has been no comment from the banks, and no info has been placed on their websites. People all over France are now unable to pay for groceries, unable to withdraw cash, some are stuck at highway tolls and railway stations on a Saturday afternoon. Many French are doing back-to-school shopping as the school year starts Monday, but they can’t pay for what they need to buy. No word on what caused the outage or when it will be resolved.
• A massive outage is hitting several French banks, including Crédit Mutuel, CIC, Crédit Agricole, and Société Générale: card payments and withdrawals are IMPOSSIBLE. Toll booths are JAMMED with holiday traffic, and card terminals are showing declined payments.

I assume Clown World will manage to muddle through this initial bank crisis one way or another. But it’s not going to be the last one, as the combination of refusing to buy Russian gas and massive spending on Ukraine and unproductive migrants has destroyed the French, German, and UK economies.
It’s likely to be a interesting autumn. It should be a good time to stay in, read some good books, and generally keep things conservative.
UPDATE: all the cash machines were offline in my part of Scotland yesterday.
Shades of October 2008, but this time it will almost certainly be on a larger scale.
UPDATE: Not to worry, it’s just the IT department enhancing the French user experience. Or so we’re informed.
According to a spokesperson for Crédit Mutuel, the issue stemmed from an internal bug affecting payment acceptance for cardholders of the three banks. Reports suggest the problem arose following a routine computer update, preventing the system from verifying account balances during transactions, leading to widespread payment refusals. Crucially, other banking services, such as bank transfers, remained operational, indicating the issue was isolated to card payment processing.
Yet another justification for UATV’s move away from credit cards.

 

[Declan]

View: https://youtu.be/htFnH87_R6o?si=Du4-obTo_6PRPOgK


I expect a fast led bond auction shortly. Most likely Britain, France, Germany, Japan US

in order of probability.
Ukrainian ne was the month when everyone realised it is over

September is the month for the markets

 

[jpc]

On the horizon for EU energy.

Drowning Swimmers

Will Norway risk going down with Europe’s sinking energy ship?

open.substack.com

 

[Declan]

The employment report this friday is crucial, if we get that far

 

[BIG FAT HOOR]

The employment report this friday is crucial, if we get that far

Thiers movement all around us and the uk had its biggest fall against the dollar yesterday in 30 years --stg fell a complete 1%in a few hours .
their employment figures are up their dole payments are vast and rising .
their gilts/bonds are hitting 6% to keep people buying them in order to bail them out but at a cost they cannot afford --without major remedy the uk is going to crash shortly and the only thing on starmers mind is to obey his chosen people and start a war with Russia all mad mad shit -- the fall of Britain would not be good for us as they cannot afford anything we make then and they are our biggest market .

 

[willows68]

Thiers movement all around us and the uk had its biggest fall against the dollar yesterday in 30 years --stg fell a complete 1%in a few hours .
100 their employment figures are up their dole payments are vast and rising .
their gilts/bonds are hitting 6% to keep people buying them in order to bail them out but at a cost they cannot afford --without major remedy the uk is going to crash shortly and the only thing on starmers mind is to obey his chosen people and start a war with Russia all mad mad shit -- the fall of Britain would not be good for us as they cannot afford anything we make then and they are our biggest market .

100%. It seems the jig is up. In more ways than one.

 

[BIG FAT HOOR]

View: https://youtu.be/htFnH87_R6o?si=Du4-obTo_6PRPOgK


I expect a fast led bond auction shortly. Most likely Britain, France, Germany, Japan US

in order of probability.
Ukrainian ne was the month when everyone realised it is over

September is the month for the markets

hi Declan there are some books on the federal reserve --the best is the one by Eustace Mullins who was a congress researcher .
his book was plagiarised by Edward griffin who made a fortune doing so .
Eustace's book is called the secrets of the federal reserve .
the federal reserve is not federal and has NO RESERVES.
the fed is owned by the shareholders of the new York fed which are Jewish --in theory all the nations fed banks own the fed but the new York feds shareholders own the majority of the shares .
nobody can challenge the fed .
the basic thing to understand is that bonds should not exist in their present form -- the USA government is not allowed to print its own currency it is only allowed to BUY its own money with interest from the fed -which is ridiculous but that is the swindle .
all you need to know is the fed was founded by Paul Warburg in 1913 of the firm Khune lobe and co a firm owned by the Rothschilds -- the fed therefore is private not federal and the government has no shareholding and pays interest on money it could print itself without interest to anyone --- this is why GERMANY MUST BE DESTROYED IN 1933 on the worlds newspapers .
in 5 years Germany went from starvation and mass suicide to the wealthiest country in Europe while giving FREE houses to its people who had 4 or more children .
this had to be destroyed as was Libya which did the same --USA and Europe is controlled -- owned by these fuckers .

 

[jpc]

Long article.

But the important bit amongst many.

"Now, on this momentous day Russia and China have signed a memorandum on the Power of Siberia 2 pipeline, which is meant to be the largest gas project in the world. Most notably, it redirects gas originally meant for Europe to China, sealing Europe’s fate once and for all and securing the guaranteed rise of the ‘Dragonbear’:"

China's SCO Summit Highlights West's Growing Ideological Isolation, + Zelensky's Desperate Gambit

Last week Zelensky made the curious decision to open up the borders to Ukraine’s 18-22 year old males.

simplicius76.substack.com

 

[Declan]

hi Declan there are some books on the federal reserve --the best is the one by Eustace Mullins who was a congress researcher .
his book was plagiarised by Edward griffin who made a fortune doing so .
Eustace's book is called the secrets of the federal reserve .
the federal reserve is not federal and has NO RESERVES.
the fed is owned by the shareholders of the new York fed which are Jewish --in theory all the nations fed banks own the fed but the new York feds shareholders own the majority of the shares .
nobody can challenge the fed .
the basic thing to understand is that bonds should not exist in their present form -- the USA government is not allowed to print its own currency it is only allowed to BUY its own money with interest from the fed -which is ridiculous but that is the swindle .
all you need to know is the fed was founded by Paul Warburg in 1913 of the firm Khune lobe and co a firm owned by the Rothschilds -- the fed therefore is private not federal and the government has no shareholding and pays interest on money it could print itself without interest to anyone --- this is why GERMANY MUST BE DESTROYED IN 1933 on the worlds newspapers .
in 5 years Germany went from starvation and mass suicide to the wealthiest country in Europe while giving FREE houses to its people who had 4 or more children .
this had to be destroyed as was Libya which did the same --USA and Europe is controlled -- owned by these fuckers .

I must do a video on The Federal Reserve

 

[jpc]

FYI
"Leaked"!
Right so

A leaked Chinese geopolitical strategy document reveals China’s self-confidence. The document predicts, “The US and Western Europe will collapse due to cultural and demographic conflict by 2050.” China’s leaders increasingly see multiculturalism as “cultural suicide” and believe the west is dying because of it.

—CNN

 

[willows68]

FYI
"Leaked"!
Right so

A leaked Chinese geopolitical strategy document reveals China’s self-confidence. The document predicts, “The US and Western Europe will collapse due to cultural and demographic conflict by 2050.” China’s leaders increasingly see multiculturalism as “cultural suicide” and believe the west is dying because of it.

—CNN

I remember Brendon O'Connell doing several documentaries about that very subject . And who is behind that shift in focus and confidence. Yes, the usual suspect moving on to pastures new.
His entire content has sadly been erased which leads me to think he might have had more than a point.

 

[Declan]

Brendon is still producing videos

 

[jpc]

What's the point of this shitshow?
This is an amazing story of pathetic people who have zero ability beyond fucking up everywhere and everything.

Highly placed EU Commission official explains why Donald Trump has the Eurotards by the balls

At the end of July, U.S.

open.substack.com

 

[Declan]

So the employment report was very weak and likely we ll be revised to weaker still. The tesult is the dollar dropped, which was good timing for the yen and the pound, while ch otherwise would be dropping themselves.

 

[Mad as Fish]

FYI
"Leaked"!
Right so

A leaked Chinese geopolitical strategy document reveals China’s self-confidence. The document predicts, “The US and Western Europe will collapse due to cultural and demographic conflict by 2050.” China’s leaders increasingly see multiculturalism as “cultural suicide” and believe the west is dying because of it.

—CNN

But isn't China itself a vast pot of cultures that the state is trying to render down to a homogenous mass, the Uyghur Muslims spring to mind. Perhaps China speaks from experience.

 

[jpc]

But isn't China itself a vast pot of cultures that the state is trying to render down to a homogenous mass, the Uyghur Muslims spring to mind. Perhaps China speaks from experience.

Fair observation.
Over how many thousand years?
Or is it the Communists you are referencing?
The Uyghur issue was Islamists.
And the Chinese were not having any of that within their borders.

 

[jpc]

This should scare the shit out if everyone.

Richard Curran: The cost of running Ireland Inc is up 60pc in six years – we can’t afford an economic slowdown | Irish Independent https://share.google/kBSVU6w6nYv251Mqi

 

[Esatdigiwank]

This should scare the shit out if everyone.

Richard Curran: The cost of running Ireland Inc is up 60pc in six years – we can’t afford an economic slowdown | Irish Independent https://share.google/kBSVU6w6nYv251Mqi

Its behind a paywall!

 

[jpc]

Its behind a paywall!

I know but the headline tells it all.
How much carbon taxes and extra bureaucracy add would be the interesting bit.

 

[Mad as Fish]

I know but the headline tells it all.
How much carbon taxes and extra bureaucracy add would be the interesting bit.

It has to be wondered as to what extent the government is competing with commerce/industry for labour.

 

[jpc]

It has to be wondered as to what extent the government is competing with commerce/industry for labour.

Very good question.
As an aside.
In Germany if it wasn't for a huge number of government jobs over the last few years.
There would be no hiding the employment collapse of the private sector.

 

[jpc]

A few numbers on the disaster in Germany.
Recent layoffs announced in Germany:

Auto & Auto Supplier Layoffs (past 12 months):
• Volkswagen: 35,000
• Mercedes-Benz: 40,000
• Audi: 7,500
• Ford (Saarlouis): 2,900
• Daimler Truck: 5,000
• ZF Group: 14,000
• Bosch, Continental, Schaeffler (combined): 7,000
→ Total: 111,400 auto jobs impacted

Steel & Heavy Industry Layoffs:
• Thyssenkrupp: 11,000 (≈40% of workforce)

Rail & Transport Layoffs:
• Deutsche Bahn: 30,000
• DB Cargo (subsidiary): 5,000

Postal & Logistics Layoffs:
• Deutsche Post: 8,000

Banking & Finance Layoffs:
• Commerzbank: 3,900

Tech (Germany-specific cuts) Layoffs:
• SAP: 3,500 (10,000 global)"

 

[Mad as Fish]

A few numbers on the disaster in Germany.
Recent layoffs announced in Germany:

Auto & Auto Supplier Layoffs (past 12 months):
• Volkswagen: 35,000
• Mercedes-Benz: 40,000
• Audi: 7,500
• Ford (Saarlouis): 2,900
• Daimler Truck: 5,000
• ZF Group: 14,000
• Bosch, Continental, Schaeffler (combined): 7,000
→ Total: 111,400 auto jobs impacted

Steel & Heavy Industry Layoffs:
• Thyssenkrupp: 11,000 (≈40% of workforce)

Rail & Transport Layoffs:
• Deutsche Bahn: 30,000
• DB Cargo (subsidiary): 5,000

Postal & Logistics Layoffs:
• Deutsche Post: 8,000

Banking & Finance Layoffs:
• Commerzbank: 3,900

Tech (Germany-specific cuts) Layoffs:
• SAP: 3,500 (10,000 global)"

I’ve a trip out there soonish, it might be an interesting one!

 

[clarke-connolly]

A few numbers on the disaster in Germany.
Recent layoffs announced in Germany:

Auto & Auto Supplier Layoffs (past 12 months):
• Volkswagen: 35,000
• Mercedes-Benz: 40,000
• Audi: 7,500
• Ford (Saarlouis): 2,900
• Daimler Truck: 5,000
• ZF Group: 14,000
• Bosch, Continental, Schaeffler (combined): 7,000
→ Total: 111,400 auto jobs impacted

Steel & Heavy Industry Layoffs:
• Thyssenkrupp: 11,000 (≈40% of workforce)

Rail & Transport Layoffs:
• Deutsche Bahn: 30,000
• DB Cargo (subsidiary): 5,000

Postal & Logistics Layoffs:
• Deutsche Post: 8,000

Banking & Finance Layoffs:
• Commerzbank: 3,900

Tech (Germany-specific cuts) Layoffs:
• SAP: 3,500 (10,000 global)"

Are the Nazi's back running ( ruining ) Germany ? !

 

[jpc]

I’ve a trip out there soonish, it might be an interesting one!

An appraisal from you will be great.

 

[Mad as Fish]

An appraisal from you will be great.

Thank you!

I'm expecting brave and confident talk about overcoming challenges etc, but not one word of the politicians having screwed up. It will be a question of spotting the cracks.

 

[jpc]

Thank you!

I'm expecting brave and confident talk about overcoming challenges etc, but not one word of the politicians having screwed up. It will be a question of spotting the cracks.

Think it's more spotting the collapse than cracks.
That Russian gas supply allowed a lot 9f plastering.

 

[céline]

The problems with the economy are due to people moving from a difficult life in the countryside to the degeneracy of the city.

This reminds me of Patrick Kavanagh, who criticized the difficult life in the countryside in his poetry.

We need to increase the amount of people who return to the difficult life of the countryside.