Is The Economy Just Now Falling Apart

Declan said:
In 2024 I will do a new coin based on The Children of Lir.
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the children of Lir was a work by Osin Kelly who had his studio in the glasshouse lean to of his house in Firhouse .
Osin was church of Ireland and a lovely person.
i know his daughters Picola and Siobhain who taught in the Model school in kilkenny until she retired recently .
Osin also did many more including Larkin in o Connell st .
he gave me a plaster of Paris study of a swan for the children of Lir and it was too beautiful a present and i said no thank you and i got an owl instead .
he and his house were trusted as he was a truly lovely man and Wb Yeats and Maud Gonne and others used it as a trusted and very discreet post office for their letters which were handled with great care .
we have lost the majesty of these people who did not have it easy and who suffered greatly for their art which in a poor country had little to spend on statues .
they were majestic people who often went hungry and had more love and backbone than usually seen today .
 
The type of system in the West relies on parasitism and labor theft to keep its own luxurious standards afloat, as well as mediate the endless debt expansion and ever-ballooning inflation. They needed globalism to do this, as globalism allowed a new form of parasitizing the rest of the world by smudging out economic borders between countries and creating a predatory pipeline enabling the “too big to fail” corporations and banks in the West to keep themselves afloat by increasingly robbing the rest of the world via offshoring and other globalist techniques.
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One of the ways the West has been kept afloat is via the anchor of the U.S. dollar, which was made possible by secret coercive deals with all vassals to prop it up by way of purchasing U.S. government treasuries and bonds—in short, financing all U.S. debt.

But now that too has reached its limit as China and other traditional purchasers are no longer buying, and are in fact dumping, the treasuries. This is leading to a point of no return, where the entire Western financial system has no way out, no further quick “saves” like before.
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PlunkettsGhost said:
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the whole thing is an illusion .
the big players extract the wealth and leave the empty husks on the floor in the form of derivatives and treasuries which are solely used to fund wars in the middle east for Israel -- source Paul Craig Roberts secretary of the treasury under Regan.
this mad country is number 4 in the world holding worthless USA treasuries 350 billion dollars worth which is there to pay my pension.
 
AUL LAD said:
this mad country is number 4 in the world holding worthless USA treasuries 350 billion dollars worth which is there to pay my pension.
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There are a lot of types of bonds, state, corporate, municible, and federal Treasuries. Each is a liability to the borrower but and asset to the (foolish) lender.

Amazingly, nearly nobody realizes yet that there pensions comprise of soon to be worthless IOUs.

Bizarrely their prices are now rising as the reports are indicating a recession. This insanity can only be short lived as tax revenue plummet and outlays rise.


So gold now is within just five dollars from its all time high.
 
Declan said:
There are a lot of types of bonds, state, corporate, municible, and federal Treasuries. Each is a liability to the borrower but and asset to the (foolish) lender.

Amazingly, nearly nobody realizes yet that there pensions comprise of soon to be worthless IOUs.

Bizarrely their prices are now rising as the reports are indicating a recession. This insanity can only be short lived as tax revenue plummet and outlays rise.


So gold now is within just five dollars from its all time high.
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And the situation is further confused by people foolishly believing gold and silver certificates have a real value when the shit hits the fan.
At that point all those who have real gold will lose it as the state sizes it like before.
The only people who have something are the gold shops who paid cents on the dollar to those who stole it and need the cash ..
Nobody knows how much they hoovered up.
Commodities will be seized by the state .
Diamonds are a joke as the market price is artificially maintained.
If you can get your hands on physical gold without anyone knowing your I'd then you have something and as tucker carlson said cement it into the wall or floor of your basement.
 
Myles O'Reilly said:
He made it what Sir?
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When you're looking a word up always scroll through the list of senses of the word as it may not be used according to its first definition in the dictionary. I could also have used the word tempered but that would have been less strong.

I often look up a word before I use it to make sure that it's 1) correct, and 2) conveys the meaning I wished it to if it's searched. Expanding one's vocabulary is a helpful exercise, it facilitates greater subtlety and scope of expression.

<Made of adamant, or having the qualities of adamant; incapable of being broken, dissolved, or penetrated>

This quality has been very useful to me as it has meant that I've been in environments where it was considered that I would be inevitably broken, which gave me the opportunity to observe behind the screen. Of course, as I didn't participate in an "induction", I didn't have complete access but, given time, activity and previous training, I was able to figure out what was going on.
 
He said it toughened him up.

Let me expand further.

To ADAMANE is to strengthen.
To be an AMADÁN means you don't know what ADAMANE means
 
tldr said:

This quality has been very useful to me as it has meant that I've been in environments where it was considered that I would be inevitably broken, which gave me the opportunity to observe behind the screen. Of course, as I didn't participate in an "induction", I didn't have complete access but, given time, activity and previous training, I was able to figure out what was going on.
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the second part does not flow from the first and it sounds like you attended a rough/perverted masonic lodge .
tell us all what are you referring to.
 
AUL LAD said:
the second part does not flow from the first and it sounds like you attended a rough/perverted masonic lodge .
tell us all what are you referring to.
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The post was a reply to Myles - he knows what I was talking about. It's to do with the mobbing.

There's a peculiar persistence to its application. It took me a while to figure it out but I think it's because of a psychological refuge - the "I didn't have a choice".

If there is even one example of successful resistance to the "treatment" then this dismantles the psychological refuge and they are confronted by the fact that they did have a choice - there was an alternative to their predicament. It is also an outrage to their defensive pretensions.

That is an intolerable situation , something that drives the repetition of methods, even when it seems futile. To halt it would be to acknowledge a counter-example to their own. This is the sub-rational driver.

Repetition will often overcome someone if it is done frequently enough, and over a long enough period - thus the belief that it always works. That they made this effort on me simply uncovers the extent of the practice given it was a very complacent thing to do.

I know this may seem a bit vague to you but it's probably because you haven't been in that environment. However, if you want to understand the action of the social contagions that have manifested publicly over the past decade then this is a description of a key characteristic of them.

I'm not subjected to it now so it's diminishing in its importance to me. However, if you have skin in the game then you should be aware of it. There's a lot of dark stuff going on out there. The casualty list is very large. Moreover, it's a catspaw of other motives - they're essentially useful idiots for other interests. The more morally corrupt you are, the easier it is to make you a reliable instrument.
 
Thats an horrendous graph? I think it will be roughly March or thereabouts next year when they will pull the pin on the economic grenade.
 
Expect an Indian to open up next month after getting his 71 lahks from Leo.
 
That islikely the financial year.

The interest paid over the last calender year is just about 1000 billion.

That two months oct and November, would have a rate far higher than the maturing bonds, notes or bills.
 
'The bonds of European countries are among the most overbought following the global rally in fixed income, and are therefore most susceptible to a correction.

Yields have fallen almost everywhere since October. Oversold conditions led to a reversal in the bond selloff, further galvanized by central bankers from the Federal Reserve to the ECB tempering their hawkishness based on their view that inflation is probably back under control.

The biggest drops in yields, after Brazil, have been in Italy, Ireland and Austria. Germany and France have also seen large declines, greater than in the US or the UK.'

European Bond Markets Among Most Susceptible To A Correction - ZeroHedge


Can anyone explain this to me? I think it's for bond investors - that the government debt they've bought is reducing in value - rather than describing any threat for the ability of these states to borrow but I'm not sure.
 
Well first thingg to understand that the value of something is meaningless.

So an investor will buy an exceeding expensive bond if he thinks it is going to be even more expensive tomorrow.

So even if a bond is so expensive that it actually is a negative interest rate, it can be even more negative.

It all works until suddenly it does not.
 
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To no great fanfare, the much talked about "pivot" was announced yesterday. Metals jumped big and the dollar is slumping. The yen is now at 141 from 152 a few days ago. So the money manager i have been talking about that was all in dollars looking smart is now looking stupid. Will he sell???????????
 
for those that can access it , the GTBc stock, that tracks Bitcoin, is up nearly 170% in 6 months. I suspect another 15% is possible. More if it achieves ETF status, as it looks it might.
 
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A recent book by David Webb sheds new light on exactly what happened during the Great Depression. In Webb’s view, it was a set up

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
 
I was yesterday looking at the price difference here between gas and diesel, as gas dipped below $3 in Massachusetts, it is $5 in woke California.

But diesel is about 1.5 higher and I saw one very expensive station with gas at $3.59 and diesel at $5.59 a gallon.

I do not expect this dip to last so I will top up today.
 
tldr said:
More food price inflation is coming.


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Every tractor company out there says that battery tractors are just a pipe dream, they have all looked at it and have a model or two in their ranges that are electrically powered, but they are small and only good for running around the yard rather than doing any hard work in the fields.

Diesel prices have little to do with the price of food, farmers can only accept the price they are offered at the farm gate, they have very little leverage on what they receive, it is the food manufacturing companies that set the price of food, and of course they will bleat about high raw material costs, but the price of wheat and milk is far more dependent on global events and trends rather than a tank of diesl costing a few extra euro.

Not that I in any way support taxing off road diesel, and to use it to try and bully farmers into using machinery that doesn't even exist is total insanity, but that is the level of governace we suffer at present.
 
I must watch that, Grant is refered to as The Bond King
 

Economist Claims 2024 Will Bring 'Biggest Crash Of Our Lifetime' In US​


"Since 2009, this has been 100 percent artificial, unprecedented money printing and deficits: $27 trillion over 15 years, to be exact," economist Harry Dent told Fox Business on Dec. 19. "This is off the charts, 100 percent artificial, which means we're in a dangerous state.

"I think 2024 is going to be the biggest single crash year we'll see in our lifetime.
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ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
 
Harry has been a doomster for decades.
 
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