Is The Economy Just Now Falling Apart

[Declan]

If real value was the yardstick to buying anything then nobody would but say the 100 year bond at 4.33% because in 10 years that investment will be drastically less valuable in real terms.

You only buy if you think the price will increase, then you care nothing about value, you just grab a profit. That worked well for about 40 years til about 18 months ago . Now after last year I think you are down about 30%

 

[jpc]

If real value was the yardstick to buying anything then nobody would but say the 100 year bond at 4.33% because in 10 years that investment will be drastically less valuable in real terms.

You only buy if you think the price will increase, then you care nothing about value, you just grab a profit. That worked well for about 40 years til about 18 months ago . Now after last year I think you are down about 30%

Yep
The mother of all bubbles.
Is going to go pop!
Not good for anyone!

 

[PlunkettsGhost]

Yep
The mother of all bubbles.
Is going to go pop!
Not good for anyone!

Well, if silver and gold respond inversely, I'll be paying off the mortgage

 

[jpc]

Well, if silver and gold respond inversely, I'll be paying off the mortgage

I wish you well with that strategy.
Would it be better to stash the silver.
And splash the digital cash?

 

[Declan]

I wish you well with that strategy.
Would it be better to stash the silver.
And splash the digital cash?

I think silver is vest as an investment. And certainly best in Ireland. Getting it though,at a reasonable price is tough.

 

[Declan]

San Francisco's flagship Nordstrom to close after nearly three decades

Video shows San Francisco's flagship Nordstrom store almost completely barren as the store is set to close after nearly three decades in business.

www.dailymail.co.uk

Looks like San Fran is leading the way. When will the tipping point to all out savagery occur.

 

[Wolf]

San Francisco's flagship Nordstrom to close after nearly three decades

Video shows San Francisco's flagship Nordstrom store almost completely barren as the store is set to close after nearly three decades in business.

www.dailymail.co.uk

Looks like San Fran is leading the way. When will the tipping point to all out savagery occur.

When a flagship store like that closes in a shopping center the rest of the smaller stores close soon after due to lack of footfall.
California is in deep shit....literally.

 

[Declan]

It is just a question of which major currency is going to collapse first. And we are talking in the next short number of weeks because the mathematics will deliver a graph like the argentine pesos is now.

To me it looks like the yen.

I recently had out this Japanese money manager. I have no idea how much he had under management but that does not matter. He said he had it all in dollar denominated assets. So in the past month he is up 6% and looking like a genius. Everyone else is likely doing similiar in a lot of places.


For that reason the dollar will be strong until the day it is realized that the jig is up.

All one has to do is walk through any city in the US with a few exceptions like Boston, and anyone would run to the hills.


So what will be the straw.

I think the rising national debt. Look at the daily rises, up 40 billion some days.


150 billion in the last 10 days

 

[jpc]

Weinmar time is nigh.

 

[Declan]

Yes, I think it is now as well. I just see it every day I go in town.

And I am in Boston, where people from everyplace else marvel on the cleanliness and relative lack of homelessness.

Everyplace was like Boston, not to long ago.

 

[PlunkettsGhost]

This 25 minute video with Matthew Piepenburg and myself is probably one of the most important discussions that we have had. For years we have both warned investors about the consequences of a system based on unlimited money printing, debt creation and money debasement. The world economy and the financial system is now on the cusp of a precipice. No one can forecast when the coming violent turn will come. It can take years or it can happen tomorrow. Future historians will tell us when it happened.

View: https://www.youtube.com/watch?v=tjWjPH5GVUs&t=9s

 

[jpc]

Explains the mad rush to CBDCs as well
Complete confiscation of private wealth and confidential spending of same.

 

[Declan]

I Minimize the money I have in banks now. I have three accounts in two banks and was below a total of $200 combined. I need them to process payments and checks. If I have deductible expenses like today I am replacing 3 tires for a $1000 so I will do that after a check comes in, and bring it then down to a small amount to cover small expenses like treating people to a meal.

But certainly, if things fold, I will not be in line at a bank anyway.

I urge everyone to minimize cash in banks.

 

[Jay Homer Simpson]

I know very little about economics but I know these facts, back in late 2019 the Irish government buzz words were "not enough fiscal space" a long comes Covid lockdowns in 2020 and even the biggest lockdown supporter thought that there'd be economic hardship, higher income tax and massive business failures and public spending cuts post covid but in fact post covid the government are spending more money than ever before, we never hear about "fiscal space" anymore. 4th class maths would tell you something doesn't add up.

 

[Mad as Fish]

T

I Minimize the money I have in banks now. I have three accounts in two banks and was below a total of $200 combined. I need them to process payments and checks. If I have deductible expenses like today I am replacing 3 tires for a $1000 so I will do that after a check comes in, and bring it then down to a small amount to cover small expenses like treating people to a meal.

But certainly, if things fold, I will not be in line at a bank anyway.

I urge everyone to minimize cash in banks.

Tricky when one has just sold a house, but I do hear of the growing popularity of people keeping a pot of cash handy, 'just in case'.

 

[clarke-connolly]

I know very little about economics but I know these facts, back in late 2019 the Irish government buzz words were "not enough fiscal space" a long comes Covid lockdowns in 2020 and even the biggest lockdown supporter thought that there'd be economic hardship, higher income tax and massive business failures and public spending cuts post covid but in fact post covid the government are spending more money than ever before, we never hear about "fiscal space" anymore. 4th class maths would tell you something doesn't add up.

Fiscal Space = = Get ready for a Load Of Shit down upon you ! !

 

[Jay Homer Simpson]

I didn't really understand until Covid that the 2008 economic crash and subsequent austerity was a completely fake event. I mean completely shutdown the western worlds economy for 2.5 years over a cold with no consequences but some banking and construction failures require years of austerity, like Hello?

 

[Declan]

'A sad day': Nordstrom officially closes San Francisco flagship store

"It's a sad day." Nordstrom has officially closed the doors of its five-story flagship location in San Francisco. The once-vibrant department store is now filled with empty displays and sealed-off areas.

abc7.com

This is starting now all over, san fran leading the way down.

 

[jpc]

This is a very unusual and serious theft.
Something similar happened with another commodity where bins were filled with rocks.

ZeroHedge

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

www.zerohedge.com

 

[Mad as Fish]

This is a very unusual and serious theft.
Something similar happened with another commodity where bins were filled with rocks.

ZeroHedge

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

www.zerohedge.com

Multiple suppliers and employees involved in the scam suggests that the company's security was somewhat lax, I can't say I'm totally on board sympathy wise.

 

[PlunkettsGhost]

View: https://twitter.com/DrLoupis/status/1697308423824486661

 

[Declan]

View: https://twitter.com/DrLoupis/status/1697308423824486661

That Sephora store is no longer in a good location.

 

[Declan]

 

[Declan]

This 5 dollars plus this week is the nail. It looks like this year Europe will not be as lucky as last winter, and the stage is set.

 

[clarke-connolly]

View: https://twitter.com/DrLoupis/status/1697308423824486661

Shit-Hole.

 

[jpc]

Another very unusual story.
All the regulations and yet this happens.
For how much savings.?

ZeroHedge

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

www.zerohedge.com

 

[Anderson]

This is worrying, but you can see it coming with all the attacks against farmers of late, food prices set to increase over the next 12 months. Even at home here in Ireland, the recent VAT and fuel increases will add misery to many with increases in production and transportation costs.

Farmer costs are up 35-40% and that will be passed on to customers in the coming months (1:02).



View: https://twitter.com/i/status/1698053430441324867

 

[Mad as Fish]

This is worrying, but you can see it coming with all the attacks against farmers of late, food prices set to increase over the next 12 months. Even at home here in Ireland, the recent VAT and fuel increases will add misery to many with increases in production and transportation costs.

Farmer costs are up 35-40% and that will be passed on to customers in the coming months (1:02).



View: https://twitter.com/i/status/1698053430441324867

I'm not sure that they will. Farmers are at the mercy of co-ops and and world markets, they have very little say in what they get for their produce and are expected to absorb the extra costs.

 

[Declan]

Saudi Arabia to extend voluntary cut of 1 million barrels per day until the end of the year

Saudi Arabia to extend voluntary cut of 1 million barrels per day until the end of the year

Riyadh first applied the 1 million barrel per day reduction in July.

www.cnbc.com

Looks like the screw is being tightened as oil is up another $2.25 a barrel today.

 

[jpc]

Saudi Arabia to extend voluntary cut of 1 million barrels per day until the end of the year

Saudi Arabia to extend voluntary cut of 1 million barrels per day until the end of the year

Riyadh first applied the 1 million barrel per day reduction in July.

www.cnbc.com

Looks like the screw is being tightened as oil is up another $2.25 a barrel today.

Think we are looking at asymmetric warfare.
And one side has all the resources.
The other side has the neocons.

 

[Declan]

RIP Beverly Hills: Video shows high-end retail stores now shuttered amid LA crime wave

A social media account is documenting the spate of high-profile business closures in Beverly Hills including Barneys New YorK, Escada, Chanel, Nike, Rite Aid, Starbucks and more.

nypost.com

This shithead Newson wants to run for President.

 

[jpc]

RIP Beverly Hills: Video shows high-end retail stores now shuttered amid LA crime wave

A social media account is documenting the spate of high-profile business closures in Beverly Hills including Barneys New YorK, Escada, Chanel, Nike, Rite Aid, Starbucks and more.

nypost.com

This shithead Newson wants to run for President.

Just make Justin Castro president although!

 

[jpc]

Another very unusual story.
All the regulations and yet this happens.
For how much savings.?

ZeroHedge

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

www.zerohedge.com

Gets even more fraudulent and embarrassing gor the customers

Bloomberg - Are you a robot?

 

[PlunkettsGhost]

View: https://twitter.com/BitcoinNewsCom/status/1700134224446030186

 

[Mad as Fish]

View: https://twitter.com/BitcoinNewsCom/status/1700134224446030186

That Lagarde is a thief is no surprise. Unfortunately, she has bred copiously, meaning there are a half dozen or more of her out there, working their way through the system, well connected and reared in corruption.

 

[Declan]

We are likely to see the Federal Debt pass 33 Trillion this coming week. It has added 1.6 trillion since the limit was laid aside about 3 months ago as they refilled various accounts that were drawn down. I expect gas to go above $4 now here as well . Combine all this with signs of a new development which is we are now seeing reported here the same situation with migrants as in NYC, this is just breaking here in Massachusetts. Maybe NYC being full, they were given a bus ticket to Beantown. But is is kicking off here at every level.

 

[jpc]

We are likely to see the Federal Debt pass 33 Trillion this coming week. It has added 1.6 trillion since the limit was laid aside about 3 months ago as they refilled various accounts that were drawn down. I expect gas to go above $4 now here as well . Combine all this with signs of a new development which is we are now seeing reported here the same situation with migrants as in NYC, this is just breaking here in Massachusetts. Maybe NYC being full, they were given a bus ticket to Beantown. But is is kicking off here at every level.

Let the progressive state's reap what they have sown in the border state's..

 

[Declan]

West Texas Crude has gone above $90 a barrel. That will squeeze people when it filters to the pump price.

 

[Coal Gas and peat]

West Texas Crude has gone above $90 a barrel. That will squeeze people when it filters to the pump price.

€1.77 a litre for diesel this evening for me at GO and if that wasn't bad enough two auld Romanian hags were begging , I told them to go fuck themselves and to get out of Ireland

 

[Declan]

Two euro a litre by months end.