Is The Economy Just Now Falling Apart

[Mad as Fish]

Two euro a litre by months end.

If not sooner.

 

[Declan]

The debt is just 12 billion away from 33 trillion so next week will see that astounding number .

We are also near a shutdown unless a bill is voted on. So an interesting two weeks are ahead

 

[clarke-connolly]

The debt is just 12 billion away from 33 trillion so next week will see that astounding number .

We are also near a shutdown unless a bill is voted on. So an interesting two weeks are ahead

Surely Hunter Biden / Kamala Harris / Joe Biden can Save America ! ! !

 

[Declan]

 

[Declan]

Now that the debt has gone above 33trillion, I expect it to quickly become an issue. As the average interest rates paid on 33T of these bonds rise to 5%, it is clearly all over.

 

[valamhic]

View attachment 2260



View attachment 2261




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


View attachment 2262

These migrants should buy suburbans and start tour businesses.

https://edition.cnn.com/2023/04/29/us/haitian-migrants-boston-hospital-lobby/index.html

 

[Coal Gas and peat]

These migrants should buy suburbans and start tour businesses.

https://edition.cnn.com/2023/04/29/us/haitian-migrants-boston-hospital-lobby/index.html

I knew you would return like count Dracula , you can't be killed .....is it true you tried to get onto the Isle ?

 

[Declan]

US national debt hits $33T for first time in history

The U.S. national debt exceeded $33 trillion on Monday for the first time ever, setting off alarm bells over unprecedented levels of government spending.

www.foxbusiness.com

All about to fall apart.

 

[valamhic]

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.

The west wants to order OPEC on how to run it's oil production. It also wants to use oil's rigidity as an essential
commodity to impose carbon taxes to redistribute to green and woke crap. Opec is having none of it and they
are right.

 

[valamhic]

I knew you would return like count Dracula , you can't be killed .....is it true you tried to get onto the Isle ?

I believe you should have minded your own site which you failed to do. You have a few auld phobies here
like the auld ones at the bingo. You allowed these to drive off new comers so they do not have to listen to
to or debate with alternate opinion. You promote a bullying site where new comers are assessed by existing posters and if suitable allowed in and if judged not suitable they are bullied off this site. Bastards like Wolf, Clarke and Andy being the worst. Time is moving on and without new comers of all shades of opinion you are sentenced to decades of them until they do us a favour and die off. I am not in for that long haul.

You permitted me to be labelled a paedophile sympathiser and you will bow to pressure from you pets and ban me in a while. I win by the strength of my debating skills, not roaring at the moon like that prick Wolf. You got your arshe roasted on Pish, but when you got your own site up and running with my help you threw the levers of power over to the same crowd. Ex pat yanks have to understand that Ireland has moved on since they left. The auld wons here still think Gemma is the future. In fact she has no traction in Ireland at all.

The fuckers here don't want me because they are hopelessly outgunned by me. I am on a few science and engineering sites where there is some sanity.

 

[Coal Gas and peat]

I believe you should have minded your own site which you failed to do. You have a few auld phobies here
like the auld ones at the bingo. You allowed these to drive off new comers so they do not have to listen to
to or debate with alternate opinion. You promote a bullying site where new comers are assessed by existing posters and if suitable allowed in and if judged not suitable they are bullied off this site. Bastards like Wolf, Clarke and Andy being the worst. Time is moving on and without new comers of all shades of opinion you are sentenced to decades of them until they do us a favour and die off. I am not in for that long haul.

You permitted me to be labelled a paedophile sympathiser and you will bow to pressure from you pets and ban me in a while. I win by the strength of my debating skills, not roaring at the moon like that prick Wolf. You got your arshe roasted on Pish, but when you got your own site up and running with my help you threw the levers of power over to the same crowd. Ex pat yanks have to understand that Ireland has moved on since they left. The auld wons here still think Gemma is the future. In fact she has no traction in Ireland at all.

The fuckers here don't want me because they are hopelessly outgunned by me. I am on a few science and engineering sites where there is some sanity.

I'm not sure why you posted this as a reply to me .......you are giving the impression it was me who did these things to you

 

[Myles O'Reilly]

That's a long charge sheet against Saul, particularly this:

You permitted me to be labelled a paedophile.

You're making some serious accusations here pal.

 

[Jay Homer Simpson]

According to Gemma O'Doherty, this is the only man we can turn to when the economic Armageddon happens

 

[Declan]

Getting back on track. Another sinking day with stocks and bonds falling oil up once again, now at $92.65..


We are to witness the fed meeting today and tomorrow and the announcement at 2pm tomorrow.

Markets can hardly handle two more hikes and we have 3 meeting til year end.

It will be interesting to see what happens and the reaction.

 

[Anderson]

Government-fuelled inflation to add to price rises up to 2025, Central Bank warns

Government-fuelled inflation to add to price rises up to 2025, Central Bank warns

Government spending is set to fuel future price hikes, with inflation to slow but keep growing up to 2025, the Central Bank predicts.

www.independent.ie

Then we have this

ESB Group reports 30% rise in profits to €676 million in first six months of the year
The state-owned energy company said its profits from the start of the year to 30 June had increased by €157 million compared to the same period last year.

ESB Group reports 30% rise in profits to €676 million in first six months of the year

The state-owned energy company said its profits from the start of the year to 30 June had increased by €157 million compared to the same period last year.

www.thejournal.ie

I just paid 615 euro for 500 litres of kerosene, a total joke and the cost keeps going up.

Imagine what it will be like in January if we get a bad winter!

 

[Mad as Fish]

According to Gemma O'Doherty, this is the only man we can turn to when the economic Armageddon happens View attachment 2408

And he’s been dead 2,000 years. Looks like we’re fecked.

 

[Declan]

$33,053,950,837,720.90.

Another 9 billion added today

 

[Mad as Fish]

$33,053,950,837,720.90.

Another 9 billion added today

Anyone in America showing any sign of giving a damn ?

 

[clarke-connolly]

$33,053,950,837,720.90.

Another 9 billion added today

Soon you'll be talking, Big Money ! !

 

[Declan]

Anyone in America showing any sign of giving a damn ?

Yes, because we need to pass a funding bill and the interest rates today made a 20 year high. Two big issues .

 

[Professor]

According to Gemma O'Doherty, this is the only man we can turn to when the economic Armageddon happens

 

[valamhic]

I'm not sure why you posted this as a reply to me .......you are giving the impression it was me who did these things to you

This is your post. I knew you would return like count Dracula , you can't be killed .....is it true you tried to get onto the Isle ?

 

[valamhic]

Now that the debt has gone above 33trillion, I expect it to quickly become an issue. As the average interest rates paid on 33T of these bonds rise to 5%, it is clearly all over.

Why did the Republicans extend the debt ceiling until January 2025. I agree they hade to concede in May this year
for a year, but why not do it just for one year?

 

[Declan]

Why did the Republicans extend the debt ceiling until January 2025. I agree they hade to concede in May this year
for a year, but why not do it just for one year?

Because they were told to.

 

[Declan]

 

[Declan]

The daily increases in the debt is just off the charts now, almost 200 billion in 10 days.

Hard to say exactly where this money is going.


But it is certainly all over.

 

[clarke-connolly]

The daily increases in the debt is just off the charts now, almost 200 billion in 10 days.

Hard to say exactly where this money is going.


But it is certainly all over.

Must be why Varadkar is in New York = = To Save America

 

[Mad as Fish]

The daily increases in the debt is just off the charts now, almost 200 billion in 10 days.

Hard to say exactly where this money is going.


But it is certainly all over.

Just the question I was going to ask, how do you spend an extra 200 billion in 10 days?

 

[clarke-connolly]

Just the question I was going to ask, how do you spend an extra 200 billion in 10 days?

You'd need a lot of practice ! !

 

[Declan]

Just the question I was going to ask, how do you spend an extra 200 billion in 10 days?

I would like to know the real figure sent to Ukraine.

Invading Iraq for example was just a bit more than normal as those two million men or whatever was on the payroll anyway.


Just say that there are 200000 ukes left and maybe 100000 merc.

Well a merc must be on $5000 a week. Plus all the supplies, food, ammo and machines. Maybe 50000.

 

[Declan]

This war could be costing 10 billion a week , who knows. 700 billion so far?????????


The US is paying everyone in Ukraine as the tax revenue must be very little

 

[Coal Gas and peat]

This war could be costing 10 billion a week , who knows. 700 billion so far?????????


The US is paying everyone in Ukraine as the tax revenue must be very little

Ireland has upped its financial commitment to Ukraine this week from 270 million to 450 million over the next three years

 

[Zipporah's Flint]

This war could be costing 10 billion a week , who knows. 700 billion so far?????????


The US is paying everyone in Ukraine as the tax revenue must be very little

Most people in the Ukraine live in Third World conditions- basically a lot of the money the US is sending over is ending up in the pockets of gangsters.

https://english.almayadeen.net/news...zelensky-embezzled-400-million-from-us-taxpay And that is just scratching the surface.

 

[Declan]

Ireland has upped its financial commitment to Ukraine this week from 270 million to 450 million over the next three years

Everyone knows it is going down and it is spend and steal as much as possible.

 

[Declan]

Sure enough, things are going south today, this is it.

 

[Mad as Fish]

Aye, looting the stores before the city burns.

 

[valamhic]

The yanks have 240 billion of Irish money in bonds. I don't think we will ever get it back. We have more invested in US bonds than Saudi Arabia

 

[valamhic]

I am thinking of buying 2 kg of pure gold and paying to store in an approved vault. I was on to one to day and
it is available. Then I could print my own currency and issue it like money with a unique number on each note and corresponding note in a book register and digital record. I would have my picture, a picture of a bull and Donald Trump plus a harp in reverse. I have to choose a name possibly after a playing card. I would go for $1 : 55 ratio same as the new BRICS. The holder can keep it indefinitely but if he cashes it in, I would pay as follows.

If the price goes down he will get the full price on the day, I get nothing. If the price goes up, he gets 60% and I get 40%. I would charge half a % on purchase. I believe gold and silver is about to jump bigly.

 

[Declan]

And today the debt went above 33.1 trillion.

 

[jpc]

!Must be why Varadkar is in New York = = To Save America

Spoofer to the rescue!