Is The Economy Just Now Falling Apart

We await the Fed decision but in the meantime me we are on the way to 50 and later 55


Screenshot_20230322-111910_Finance.jpg
 
Screenshot_20230322-164927_Finance.jpg



A nice turn of events indeed.
 
Screenshot_20230322-165812_Chrome.jpg
 
Last edited:
As can be seen now, the premium for silver eagles has grown to basically a 100%
 
  • Wow
Reactions: jpc
Another good day so far. 50 and on to 55 is entirely possible.
Screenshot_20230323-104503_Finance.jpg
 
Screenshot_20230323-183915_Finance.jpg



It will be interesting to see if this bank can survive through tomorrow and make it til Monday. I expect tomorrow to be a down day in general so this will struggle. If one more bank goes, then anything could happen as the FDIC only has about 125 billion I think.
 
Screenshot_20230324-093311_Finance.jpg

Silver is the place to be.
 

View: https://youtu.be/A2G3MAxdZfU


This is a good listen but a bit long. I will break it down.

This lad is alarmed with the credit crunch and points out that the M2 money supply is dropping, a very rare situation.

He predicts that BY JUNE the Fed will have to do an emergency rate cut. This would of course ignite a real panic.

He see most banks failing.

Then he goes on to discuss the new system and CBDCs.
 
Screenshot_20230328-132329_Finance.jpg



$50 is the first of a series of my strike prices. So far so good.
 
Screenshot_20230330-121958_Finance.jpg


Gold hopefully will clear $2000 before the weekend and maybe silver can get through 25.

If silver gets up toward there my WPC options will be in the mooney at$50.

Then and only then, does the payout crank up in multitudes.
 
Well gold failed to take 2000 but silver did fine and cleared 24 dollars.

Things appear to have settled but we shall see if the weekend sees any news coming out.
 
Feels like the calm before the storm.

likely a horrific employment and inflation report on Friday.

I think gild will now hold 2000 and interestingly oil is accelerating it recent climb
Screenshot_20230403-130643_Finance.jpg
 
Are we ready for a massive rug pull.

The employment report was close to the numbers but with a lot of other signs of weakness.

Markets were closed today so we have to await til the weekend is over to see what next week holds.

But there are reports of huge physical purchases of both gold and silver. Hopefully that will ramp up.
 
finance.yahoo.com

US Bank Lending Slumps by Most on Record in Final Weeks of March

(Bloomberg) -- US bank lending contracted by the most on record in the last two weeks of March, indicating a tightening of credit conditions in the wake of several high-profile bank collapses that risks damaging the economy.Most Read from BloombergSummers Says Recession Probabilities Rising, Fed...
finance.yahoo.com finance.yahoo.com

(Bloomberg) -- US bank lending contracted by the most on record in the last two weeks of March, indicating a tightening of credit conditions in the wake of sev...
 

Home

edit post News Nintendo Black Friday 2025 Deals Announced: See All Switch Games Discounted November 10, 2025 Optimal Column This
dnyuz.com dnyuz.com

I am seeing more of these types of story.
It would be poetic justice if California sank first.
Gas and energy is very much more costly there so it will be a beautiful thing.
 
For the past two weeks there has been no great movement on the financial landscape at all much. Aside from the usual prophets of doom etc.
The government will be taking in a lot of tax money so the debt issue is pushed into the future by a few weeks.
The expectation being that with concession or two, the Republicans will raise it . The democrats will be trying to have the raise enough to get past the election in November 2024.

That means at least two trillion.
 


When Jim Cramer said to buy the stock Wednesday, it was an assured SELL.

So it looks like it is a goner. the whole system could be stressed if it is not around by Monday
 
Looking shaky.

It is the Yen that seems to be cracking first.
 
Sure enough. After a day, only now is the market collapsing.
 
Screenshot_20230503-144947_Finance.jpg





This is maybe the next one. It has huge proportion of commercial real estate loans
 
WARNING from Rich Dad Poor Dad, Robert Kiyosaki – The Coming Financial Tsunami There’s an urgent situation unfolding right now!
WARNING from Rich Dad Poor Dad, Robert Kiyosaki – The Coming Financial Tsunami
There’s an urgent situation unfolding right now!

From Robert Kiyosaki, best-selling author of Rich Dad, Poor Dad:

There’s an urgent situation unfolding right now!

The Federal Reserve just warned the world to ‘expect a mild recession this year’.


What this really means: Expect all hell to break loose.

Why?

Because last time they said ‘inflation was transitory’, well, the truth was, inflation was not only out-of-control, it was here to stay.

Back in 2008, the same situation occurred.

After the 85-year-old investment bank, Bear Stearns collapsed, the Treasury Secretary at the time, Hank Paulson stated:

“Our financial institutions, our banks and investment banks are very strong.”

Shortly after, we experienced a huge financial crisis that affected the whole world for years.

And right now, here’s the situation we’re in: The Fed hasn’t been able to get inflation under control despite the record 10 consecutive rate hikes.


This has led to 3 banks collapsing, 186 other banks hanging on by a thin thread and Credit Suisse being bought for pennies on the dollar.

On top of this, Joe Biden is planning to retire the US dollar and replace it with the central bank digital currency, also known as CBDCs.

Plus, the relationship between the USA and its allies is breaking down. Key US allies are moving towards China and Russia.

And to make matters worse, they’re trying to lock up our former President Donald Trump, and are getting away with it.

No doubt, we have a real disaster in our hands.


politicrossing.com

WARNING from Rich Dad Poor Dad, Robert Kiyosaki - The Coming Financial Tsunami ⋆ Politicrossing

There’s an urgent situation unfolding right now!
politicrossing.com politicrossing.com
 
A deficit of €3.7 billion was recorded in the public finances at the end of April, according to the latest figures from the Department of Finance.

This takes account of the transfer of €4 billion to the National Reserve Fund (NRF) in February.

On a rolling 12-month basis, the surplus in the public finances was €2.4 billion.

The Department has also calculated that when an estimate for 'excess' corporation tax, receipts from the sale of shares in AIB and the €4 billion transfer to the NRF are all taken into account, there was an underlying deficit of "approximately €4 billion."

Overall tax revenue was up €3 billion, or 14.2%, to €24.1 billion in the four months to the end of April compared to the same period last year.

This was driven by higher income tax, VAT and corporation tax.

Income tax was €3.1 billion in April, an increase of €339 million or 12.5%, on April last year.

On a cumulative basis, €10.4 billion in income tax was collected to the end of April.

That was €894 million or 9.4% higher than the same period last year.



Corporation tax fell by €91 million in April compared to April 2022 to €308 million.

April isn't considered one of the big months for corporation tax.

Cumulatively, the corporation tax collected in the year to the end of last month is €3.5 billion.

That’s €1.3 billion or 55% ahead of the same period in 2022.

VAT receipts in April were €229 million, up €38 million or 20% on the same month last year.

April is not a VAT due month.

Cumulatively VAT receipts to the end of April are up €968 million or 16% to €7 billion.

www.rte.ie

Deficit of €3.7bn in public finances at end of April

A deficit of €3.7 billion was recorded in the public finances at the end of April, according to the latest figures from the Department of Finance.
www.rte.ie www.rte.ie
 
Interesting, I was reading that the debt limit is much sooner than previously estimated as tax inflow was only about 175 billion instead of about 800 billion expected.

So the huge inflows are to dry up here and there as well.
 
You must log in or register to reply here.

Latest Threads

Popular Threads

Back
Top Bottom