Is The Economy Just Now Falling Apart

[Mad as Fish]

Spoofer to the rescue!

And there is no better at it than our man Leo!

 

[Declan]

View: https://www.youtube.com/live/NsEN8uUxr-Y?si=Ux_AcQcbyTNP6wgq


The shutdown will surely start at October 1 and then we have the alert that people are scared of on Oct 4.

How the markets react to this impending doom in the next week remains to be seen.

 

[valamhic]

And today the debt went above 33.1 trillion.

Ireland is in for 240 billion well above Saudi. Eighth in the world.

 

[valamhic]

Does anyone watch Alister Campbell? He is English and predicts the EU is not going to last.

 

[Mad as Fish]

Does anyone watch Alister Campbell? He is English and predicts the EU is not going to last.

He has been for a while, but all these pundits have so far been confounded by the sheer quantity of resources the west is prepared to put into maintaining the status quo.

 

[PlunkettsGhost]

CBDCs provide such a compelling opportunity for surveillance and social control that they are irresistible. That the fiat currency system is in the process of imploding makes it an imperative.

ZeroHedge

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

www.zerohedge.com

 

[PlunkettsGhost]

Barter and exchange will be the only way round CBDCs

 

[valamhic]

I am on the Economic and Scientific Genius discussion forum, it is by recommendation only. It is not in public.

I Just posted this.

Normal inflation between 1970 and 2023 was 23 times. 23 dollars lost in 1970 and found again today would only buy $1 now. If we take the next 12.5 years with a normal rate of 23/4 = 6.25 times. With all this mad spending by the end of 2036 multiply one dollar by 6.25 x 140% = 6.5 x 2.40 inflation = 15.6. Therefore $15.6 lost now and found in 2036 will only buy one dollar's worth of goods.

 

[Declan]

Do you have a wallet.

 

[Coal Gas and peat]

Do you have a wallet.

When you have a much money as Val you simply don't need a wallet

 

[Declan]

He told me he carries a safe, now I realise what he was talking about, I thought it was a codnum.

 

[Declan]

The financial markets are not far from a crash now as mathematics collides with the fantasy world.

A big bankruptcy will surely be announced shortly as the velocity of money grinds down. Property asking prices falling here now and a panic attempt at exit is to follow. Tally-Ho.

 

[Declan]

Gold is up over 20% in Yen in the past year. If the yen breaks below 150 to the dollar, then we imo shall see the flight to gold in Japan, or silver, and it is blast off.

 

[Declan]

Target to close 9 stores across four states because of theft and crime

The Minneapolis-based company will close locations in the Harlem neighborhood of New York City, Seattle, Portland and the San Francisco Bay Area effective Oct. 21.

www.startribune.com

These thieves/parasites will continue to steal, so bad news for surrounding stores. The obvious result is that the people of the area will not be able to buy stuff cheaply anymore, their position is therefore reduced.

But the less obvious result is that the area itself will now longer be cash subsidized by the company Target.

If a store loses say 10 million a year to theft, that 10 million value is no longer delivered to the area.

Notice that the areas are all compete liberal shitholes where theft to $950 is not prosecuted. (In the case of California)

This downward slide can not be reversed in my opinion and in 6 months or less the entire food chain will be gone.

It is fascinating to watch the unwinding of the US.

 

[PlunkettsGhost]

Target to close 9 stores across four states because of theft and crime

The Minneapolis-based company will close locations in the Harlem neighborhood of New York City, Seattle, Portland and the San Francisco Bay Area effective Oct. 21.

www.startribune.com

These thieves/parasites will continue to steal, so bad news for surrounding stores. The obvious result is that the people of the area will not be able to buy stuff cheaply anymore, their position is therefore reduced.

But the less obvious result is that the area itself will now longer be cash subsidized by the company Target.

If a store loses say 10 million a year to theft, that 10 million value is no longer delivered to the area.

Notice that the areas are all compete liberal shitholes where theft to $950 is not prosecuted. (In the case of California)

This downward slide can not be reversed in my opinion and in 6 months or less the entire food chain will be gone.

It is fascinating to watch the unwinding of the US.

It seems the plan is to starve out the urban centers, between the shutting down of retail, and the destruction of food processing and distribution plants, I don't see any other scenario developing. It will all be blamed on the coming war of course. Putin's fault.

 

[Declan]

Like a case of gangrene. It can not but spread. The next store beside the closed Target will be robbed.

 

[Fishalt]

Here's a hypothetical:

Let's say there's a global currency collapse, and paper money becomes worthless. Everybody who's holding silver and gold get fabulously wealthy.
Explain to me how, in this situation, you're going to convert your Indian Pennies and Bullion into a transactable form of currency at price-scale elative to the exchange? That is, if you want to buy a pot roast at the supermarket that costs 1/50th the price of an ounce of silver, for example, but you've only got ounces of silver on hand. You gonna shave a little bit of it off at the till?

 

[Mad as Fish]

Here's a hypothetical:

Let's say there's a global currency collapse, and paper money becomes worthless. Everybody who's holding silver and gold get fabulously wealthy.
Explain to me how, in this situation, you're going to convert your Indian Pennies and Bullion into a transactable form of currency at price-scale elative to the exchange? That is, if you want to buy a pot roast at the supermarket that costs 1/50th the price of an ounce of silver, for example, but you've only got ounces of silver on hand. You gonna shave a little bit of it off at the till?

Exactly so. We might pose a similar question to those who believe that growing their own food is a realistic option. Just the simple carrot, for example, will require the ground to be tilled, seed to be obtained when, presumably, the shops lie ransacked, fertiliser applied, weeds to be pulled, disease to be treated and crops to be harvested and stored. In addition to which they only grow in the summer and are hardly nutritious.

I have been around farming for a long time now and all I am sure of is that I’ll starve if left to be self sufficient.

 

[Declan]

The secret could be to plant two carrots a chara.

 

[Fishalt]

Exactly so. We might pose a similar question to those who believe that growing their own food is a realistic option. Just the simple carrot, for example, will require the ground to be tilled, seed to be obtained when, presumably, the shops lie ransacked, fertiliser applied, weeds to be pulled, disease to be treated and crops to be harvested and stored. In addition to which they only grow in the summer and are hardly nutritious.

I have been around farming for a long time now and all I am sure of is that I’ll starve if left to be self sufficient.

I could do it. But that's only because I'd have access to the bounty of the sea. Vegetables and fruit I could do for as long as I could get fuel, and parts for a pump. The second either became unavailable, that would more or less be the end of that. No water=no produce, and an inevitable death by scurvy. At least in my neck of the woods. Fertiliser can be made easily enough. Weeds fermented in buckets of water does it. Won't produce NPK type results but for subsistence it would do.

But I digress. The point is, even in a pre-apocalytpic scenario hoarded bullion isn't going to the moon because it has no immediately fungible value in a real-world transactional sense. I'm not saying metalbugging is a terrible play. It's a fair hedge against inflation, in the long run. Like commodities, it has its peaks and troughs and if you keep your ear to the tracks you should be able to ride well enough to make a tidy profit from it.

I know Val in particular is keen on Keynes. I Wonder if he's ever encountered this quote by Maynard:

'In the long run, we're all dead'.

 

[Fishalt]

View: https://www.youtube.com/watch?v=KgUemV4brDU

 

[Declan]

View: https://twitter.com/Raw_Reporting/status/1706870923293528410?t=8zKP0xknrrsuKguisbR9ww&s=19


Look at this heifer saying everyone must eat and she about 12 stone overweight.

 

[Coal Gas and peat]

Live rounds are the only answer to these rampaging chimps

 

[Fishalt]

View: https://twitter.com/Raw_Reporting/status/1706870923293528410?t=8zKP0xknrrsuKguisbR9ww&s=19


Look at this heifer saying everyone must eat and she about 12 stone overweight.

Reminds me of this CNN piece. Still one of the funniest things I've ever seen.

 

[clarke-connolly]

Reminds me of this CNN piece. Still one of the funniest things I've ever seen.

View attachment 2544

CNN = = Taking the Piss.

 

[Declan]

Looks like some sometimes are only very rare sometimes

 

[Declan]

 

[Declan]

All very grim news again today. Everything down except the dollar and oil.

For oil to be rising so much in this deflation means that supply is dropping like a stone as demand is also dropping as a depression is already started.

 

[clarke-connolly]

All very grim news again today. Everything down except the dollar and oil.

For oil to be rising so much in this deflation means that supply is dropping like a stone as demand is also dropping as a depression is already started.

Biden is like a Lead Cannon-Ball to anything he touches = = Which is why the American Deep-State / Dark-State put him where he is.

 

[Declan]

 

[Declan]

This is an indication of the early stages of a mass exodus from dollar assets. When this starts to be a rour, has got to be soon, what happens when it breaks 5%

 

[valamhic]

Do you have a wallet.

I have no Bitcoin at all. A member of my family bought at the start and has paper value now.

I have it in assets and the yellow Iron.

 

[valamhic]

This is an indication of the early stages of a mass exodus from dollar assets. When this starts to be a rour, has got to be soon, what happens when it breaks 5%

When it breaks 5% all lower yielding bonds will be sold off for about 60 cents on the dollar. Depositors will pull
their money out of banks paying 3% to buy higher yielding bonds. This would result on a banking collapse but
the Fed will buy those bond at 100 cents on the dollar. They will pay for this by printing money adding to inflation.
It will be a bail out in all but name. No interest will be paid on those bonds.

It could go to 5.5% . Many companies will fail and I hope wind companies will fail too. The 2008 crash could have
been prevented by printing money. The difference this time is that everyone knows the US is bankrupt, foreign investors are dumping US Treasuries, there is a fledgling alternative trading system. How it goes from there I won't venture to say yet except Gold and Silver is the only money to hold. Here is the debt clock.

https://www.usdebtclock.org/

 

[Anderson]

Oil could hit $150 a 55 gallon drum of oil... sending ‘shock through system,’ says top shale CEO
Doug Lawler, chief executive of Continental Resources, the shale-drilling giant controlled by billionaire Harold Hamm, telling Bloomberg News on Monday that crude prices are set to remain elevated and could press to the $120- to $150-a-barrel range without new production.

More price pressure is coming, he said, unless policies are put in place to encourage more output.

Oil could hit $150, sending 'shock through system,' says top shale CEO

Oil could rise to $120 to $150 a barrel, sending a shock through the financial system, the chief executive of a top shale-oil company says.

www.marketwatch.com

This should be fun if Oil is that expensive, I would start stocking up now!

 

[jpc]

Oil could hit $150 a 55 gallon drum of oil... sending ‘shock through system,’ says top shale CEO
Doug Lawler, chief executive of Continental Resources, the shale-drilling giant controlled by billionaire Harold Hamm, telling Bloomberg News on Monday that crude prices are set to remain elevated and could press to the $120- to $150-a-barrel range without new production.

More price pressure is coming, he said, unless policies are put in place to encourage more output.

Oil could hit $150, sending 'shock through system,' says top shale CEO

Oil could rise to $120 to $150 a barrel, sending a shock through the financial system, the chief executive of a top shale-oil company says.

www.marketwatch.com

This should be fun if Oil is that expensive, I would start stocking up now!

Yeah that's putting the wind up the Russkies.
Maximum oil price's and sanctions.
Oh er!
Can we please have a chat Russia?

 

[valamhic]

Dearest Diesel I saw to day was 188. Go in Dublin is 179.9 This is nasty, oil must be scarce.

 

[valamhic]

Yeah that's putting the wind up the Russkies.
Maximum oil price's and sanctions.
Oh er!
Can we please have a chat Russia?

He cut off oilexports this week

 

[PlunkettsGhost]

If you go to prison, your crime is bonded and securitized and traded on the stock exchange:

Knowing all this and knowing that a prisoner can have a ‘net worth’ of say, $10,000 per day in the money markets, helped me explain to many bewildered women why they were in jail. We were only merchandise in a warehouse. The storage was pretty cheap; one woman while in jail researched the cost of feeding prisoners per day which ranged from 74 cents to $2.72 per prisoner per day.

From War Bonds to Prison Bonds – Freedom from Government

freedomfromgovernment.org

 

[A Man Called Charolais]

The financial markets are not far from a crash now as mathematics collides with the fantasy world.

A big bankruptcy will surely be announced shortly as the velocity of money grinds down. Property asking prices falling here now and a panic attempt at exit is to follow. Tally-Ho.

Does this coincide with your position?

https://thegreattaking.com/

Basically, from what I gather, the financial regulatory bodies enabled securities (equity and bonds) held by financial institutions be used as collateral for trading even though they were held in trust for their clients. If these institutions cannot pay for their speculations then the securities are owned by their counterparties to satisfy their debt, rather than by by the client they were being held in trust for. This is global in nature now.

So, you own 500 shares in Microsoft and your broker wants to borrow money and requires collateral. It uses your shares as securitized collateral. The bank fails and you look to recover your shares but their creditor claims those shares as the collateral to the debt that the broker took out from them. You are in a position of an unsecured creditor and only recover that portion of them that are left over after the debt is discharged.

If you are going on holiday and you have a friend that has a secure yard where your car is safe from robbery so you leave it there with him for €5. He has a bit of a gambling problem and uses the car as part of the collateral for a bet on whoever the next opponent of Tyson Fury is. He loses the bet and everything is seized by the bookie. You go to the courts to recover the car but they tell you that the car was collateralised and you have no claim to it.

I don't know anything about the financial markets so can't say if it is true or not. The guy listed as the author exists but there's nothing else from him out there so it could be Russian disinformation (they're fiendishly clever at that). Anyway, could you comment please? If it is true then Ben Shapiro is going to get a land - maybe himself and Jeremy could start a shrimping company.

This supports that concern around - you will own nothing etc.

A question - if this is really true, will this extend to personal investment vehicles like pension funds. I understand that the types in the American system aren't defined as securities so IRAs etc. probably won't be affected. I would like so more information on whether this should be taken seriously or not though.

 

[Declan]

@Myles O'Reilly , can you summarize what tldr said Sir. Thank you.