Is The Economy Just Now Falling Apart

PlunkettsGhost

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Mad as Fish said:
Might I ask you to explain the significance to a wee babe in the woods when it comes to all this highfalutin finance stuff?
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NVDA is a tech stock currently trading at over 460. Pelosi is known for her insider trading, so the inference here is that there is going to be major downturn in this stock sometime in 2024. The inference of that is that there is going to be a massive stock collapse across the board.

Others have been predicting likewise
 
Mad as Fish

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PlunkettsGhost said:
NVDA is a tech stock currently trading at over 460. Pelosi is known for her insider trading, so the inference here is that there is going to be major downturn in this stock sometime in 2024. The inference of that is that there is going to be a massive stock collapse across the board.

Others have been predicting likewise
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Thankee!

The question then becomes to what extent is she in a position to influence this?
 
Declan

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www.lewrockwell.com

Fake Pandemic Triggers Worldwide Economic and Social Collapse - LewRockwell

The unspoken truth is that a non-existent pandemic has provided a pretext and a justification to powerful financial interests and corrupt politicians to precipitate the entire planet into a spiral of mass unemployment, bankruptcy, extreme poverty and despair. Destabilizing the social, political...
www.lewrockwell.com www.lewrockwell.com

The three year anniversary of the lockdowns in March, will have us well into the collapse. The markets have already priced in the fed cutting and pumping
 
Declan

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I was in the South Shore Plaza this afternoon shopping. I was one of the small number of whites there. I had not been there recently.
 
PlunkettsGhost

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The Great Taking puts forth a warning that a virtually unknown entity called “The Depository Trust & Clearing Corporation” (DTCC) is effectively the “owner” of all the publicly traded companies in the world, and in fact all debt-based assets of any kind:

“It is about the taking of collateral (all of it), the end game of the current globally synchronous debt accumulation super cycle. This scheme is being executed by long-planned, intelligent design, the audacity and scope of which is difficult for the mind to encompass.
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voxday.net

The Great Taking - Vox Popoli

A short book warns of the sinister, but desperate plan that underlies all of Clown World’s various projects, from the World Economic Forum and the Covid vaxxes to Global Warming, the invasion of Gaza, and Operation Prosperity Guardian. The Great Taking puts forth a warning that a virtually...
voxday.net voxday.net
 
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A

A Man Called Charolais

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PlunkettsGhost said:

View: https://www.youtube.com/watch?v=dk3AVceraTI
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Well, yd said that Myles would explain this. Mr O'Reilly, where for art thou?

It's difficult to believe this is true, it's so incredibly explosive. At least there's a face on this Webb chap now. Can you imagine? It suggests a mechanism for the mass expropriation of securities upon the next systematic crisis in the stock markets through the seizure of other people's collateral. When trust is dead, a relationship is dead.

We've heard so much about this sort of thing in the past couple of decades that's difficult to credit it as anything other than uneasy conjecture. 2024 is supposed to be the year when the shtf so we'll see. Anyone paying attention can't say they're bored.
 
Mad as Fish

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PlunkettsGhost said:

View: https://www.youtube.com/watch?v=dk3AVceraTI
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I stayed up to watch a good chunk of that last night and hope to finish it today. If the guy is credible, and I see no reason to doubt it, then we are just wee tiddlers caught in a huge net living an illusion of freedom.

However, the question remains as to how they hope to execute this great taking? Sure, they can point to a bit of paper and say that the car on the drive is in fact ours, not yours, but what then? Where are they going to tow it to and to whom are they going to sell it to realise its value? That can't happen en masse, so what we will receive instead is a bill for its long term rental. BTW, this might lie behind the push for EVs, they can be controlled remotely, as in fact can most modern cars to a certain extent.

Real estate is already covered by property taxes, in effect, you can't live in your house unless you pay the government a tax for the privilege of doing so. The precedent is already established, and as for a central digital currency you can see where that fits right into the scheme.

Ireland might lie down to accept this but other countries won't, the Germans for instance are getting uppity and the French are the French as always. Meanwhile, there are vast swathes of the world which will simply stick two fingers up to any such attempt, although BRICS nations might well come up with their own version of, especially with China at the helm.

The next question is once a half dozen banks own everything, what then?
 
PlunkettsGhost

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Mad as Fish said:
The next question is once a half dozen banks own everything, what then?
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It will be like that Black Mirror episode, where you live in a cube playing games or watching telly all day, or trying to keep your social credit score up. Canada is about to implement UBI. Others will follow. Of course, these payments will all drain into the digital currency sphere eventually.
 
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Banks Terminate 60,000 Workers In One Of The Bleakest Years For The Industry Since 2008​


ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
 
Declan

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Note how the dollar has weakened in the past couple of weeks. And keep in mind it is against dead ducks like the euro and yen. The writing is on the wall.
It also reflects the defeat in ukraine.
 
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British firm takes over Germany's biggest energy company as BASF sells off a subsidiary.


'LONDON/FRANKFURT/BENGALURU, Dec 21 (Reuters) - Britain's Harbour Energy on Thursday agreed to acquire Wintershall Dea's non-Russian oil and gas assets in a $11.2 billion share and cash deal with co-owners BASF and LetterOne that creates one of the world's biggest independent producers.

London-listed Harbour (HBR.L), the largest British North Sea oil and gas producer, has sought to expand beyond the United Kingdom after the government imposed a windfall tax on the sector following the spike in energy prices in 2022, pushing Harbour into a loss in the first half of this year.

Harbour shares closed 21% higher, while BASF's (BASFn.DE) stock ended the day flat.'

Britain's Harbour Energy strikes $11.2 billion deal for Wintershall Dea assets - Reuters
 
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Declan

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A Man Called Charolais

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Declan said:
This is it in a nutshell. Since 2020 we have added 10 TRILLION.

But also it is now being borrowed at about 4% instead of 1% or less.

I think the average naturity is a ridiculously low 3 years or something.

We may break 34 trillion in the 3 reported days this week or surely next Tuesday will see it reached. It could be a crisis at any moment in January.
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'The markets just shit the bed...

Gold and Swissy are soaring (ultimate safe-havens) along with USTs as the dollar dives.

This looks like some massive capital re-allocation trade away from USDollar and Magnificent 7 Stocks and into safe-havens.'

WTF Just Happened - ZeroHedge


Tuned into CNBC to see what was going on - everything is fine. The growing global economy just needs more Dollars or something. Bitcoin and its miners are booming though. Remember when it was $8 a pop? It's back up to $45,000, not far from its all time highs.
 
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Declan said:
Note how the dollar has weakened in the past couple of weeks. And keep in mind it is against dead ducks like the euro and yen. The writing is on the wall.
It also reflects the defeat in ukraine.
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my wife's humble social club called Gaelic for mothers --most have not played for many years but manage to go to Toronto- Porto-warsaw-madrid etc.
all make a living most are public servants and they discuss all the options and have in the past week reluctantly written off the USA as it is no longer affordable or practical-- they have money and most of the kids are finished uni and employed--they are not stupid --this decision is being made worldwide .
when they devalue the dollar to cope it will make everything unaffordable which is currently imported which is almost everything .
the reason for the war against china is the yaun --the yanks need to control the yaun or they are totally fucked.
 
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Myles O'Reilly said:
Plunkett was not in a position to offer my services of summary and explanation.

He needed to run it by me first.
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Well, PG did post the follow up video which was helpful - I read the text a while back when I saw it in ZeroHedge comments and was impressed by its coherence. Now I think that it's designed as a trap for the unwary.

If it was true then you'd expect it to be discussed in video blogs like the above (unless there's some omertà attached to it which I think is unlikely in independent financial reporting). I was just wondering if "The Great Taking" had any basis in reality, which is why I asked.

If it is true then there's a whole lot of people who are going to get a wallop of a fright.
 
jpc

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Declan said:
We are just 88b from 34T and likely will cross next week. And we are at about 4.25%
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Basically that's an awful big chunk of the annual tax take 4.7 trillion (1.5 trillion interest) Nearly a third!
 
Declan

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Yes, some difference between 1% and 4 plus went the nut is heading to 35T.
 
Declan

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We have gone past the 34 trillion mark now and this figure is just going exponential.
 

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