Is The Economy Just Now Falling Apart

Declan

Declan

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PlunkettsGhost said:

View: https://twitter.com/zerohedge/status/1755929590264971410
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It is insanely easy to get both an auto loan and many credit cards and I assume people owe huge amounts on both.

But the real credit card is the federal government. We surpassed 34 trillion just a few weeks ago and as of yesterday, we have added 198 billion dollars more. That is about 600 per person in less than a month. A family of say 5 would be $3000.

We await the collapse, maybe this evening a bank could go, they usually announce it on a Friday evening after the markets close.
 
Coal Gas and peat

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Declan said:
It is insanely easy to get both an auto loan and many credit cards and I assume people owe huge amounts on both.

But the real credit card is the federal government. We surpassed 34 trillion just a few weeks ago and as of yesterday, we have added 198 billion dollars more. That is about 600 per person in less than a month. A family of say 5 would be $3000.

We await the collapse, maybe this evening a bank could go, they usually announce it on a Friday evening after the markets close.
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The pre paid credit card with $5000 on it is being handed out to migrants
 
Declan

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The amount of money the feds are spending on migrants can be hidden from effect.

But not so with the States. Massachusetts, for example just, is already put into deficit and it is just starting.

They, democrats are now calling for The Immigration Reform to be passed. But that is not designed to stop immigration, but it has billions to pay for it.

So Massachusetts wants say a billion dollars in cash. Simple as that.
 
Mad as Fish

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Declan said:
It is insanely easy to get both an auto loan and many credit cards and I assume people owe huge amounts on both.

But the real credit card is the federal government. We surpassed 34 trillion just a few weeks ago and as of yesterday, we have added 198 billion dollars more. That is about 600 per person in less than a month. A family of say 5 would be $3000.

We await the collapse, maybe this evening a bank could go, they usually announce it on a Friday evening after the markets close.
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I wouldn't be so sure. Plenty of hoops to jump through before you'll get a credit card over here.
 
jpc

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This is going totally unremarked by any of the business talking heads.
The guys writing European checks won't be able to honor them.
Ireland is mentioned in the bad news too!

ZeroHedge

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

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jpc said:
This is going totally unremarked by any of the business talking heads.
The guys writing European checks won't be able to honor them.
Ireland is mentioned in the bad news too!

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
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Outside of the financial considerations there is also the issue of wage rises. This from last March -

Germany's unions are calling for a 10.5%-12% increase in wages with their position strengthened by a current labor shortage.

www.lemonde.fr

Germany: Strikes spread across services sector for wage increases

The country's unions are calling for a 10.5%-12% increase in wages with their position strengthened by a current labor shortage.
www.lemonde.fr www.lemonde.fr

It's not immedietly clear that they got it, but I know that over the border in Austria engineering trades got 8%
 
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Declan said:
The amount of money the feds are spending on migrants can be hidden from effect.

But not so with the States. Massachusetts, for example just, is already put into deficit and it is just starting.

They, democrats are now calling for The Immigration Reform to be passed. But that is not designed to stop immigration, but it has billions to pay for it.

So Massachusetts wants say a billion dollars in cash. Simple as that.
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You voted for Biden.
 
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valamhic

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On the western world economy. It has taken some walloping over these last 5 years. 1) Trying to turn away from oil and 2) embracing the green crap. 3) Covid hysteria and lockdowns. 4) The Ukraine war, 5) Massive money printing, 6 ) LGBT+Q , 7) Middle East war. 8) De - industrialisation, attacks on electricity production trying to make electricity from the wind while no Irish wind farm can pay off its capital cost. 9) attacks on the car and parking.

And still it goes on, the people are well fed, no one appears to be poor, Everyone is flying about the world. A crash was due 3 years ago, no sign of it.

Happy days, puzzling?
 
Mad as Fish

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valamhic said:
On the western world economy. It has taken some walloping over these last 5 years. 1) Trying to turn away from oil and 2) embracing the green crap. 3) Covid hysteria and lockdowns. 4) The Ukraine war, 5) Massive money printing, 6 ) LGBT+Q , 7) Middle East war. 8) De - industrialisation, attacks on electricity production trying to make electricity from the wind while no Irish wind farm can pay off its capital cost. 9) attacks on the car and parking.

And still it goes on, the people are well fed, no one appears to be poor, Everyone is flying about the world. A crash was due 3 years ago, no sign of it.

Happy days, puzzling?
Click to expand...
See No:5.
 
A

A Man Called Charolais

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clarke-connolly said:
OK ~ Its the British Daily Express ~ But it sheds a lot of light on the Irish Economy ~ And how Fragile and Fake the Irish Economy really is.

www.express.co.uk

United Ireland would trap former Britons in ailing economy, warns report

EXCLUSIVE: The size of Ireland's "offshore economy" dwarfs its "onshore" one by almost £200 billion, Mr Lyddon stressed.
www.express.co.uk www.express.co.uk
Click to expand...

Overall, we're doing okay. The Express is engaging in raiméis.

https://www.cso.ie/en/interactivezo...snationalproductgnpandgrossnationalincomegni/

The UK contracted 0.3% in the second half of last year. One can only imagine what will happen once Labour get into number 10. There's a lot of tail chasing going on over there presently.
 
Coal Gas and peat

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https://www.breitbart.com/immigrati...-migrant-on-track-to-spend-1-billion-by-2025/


Massachusetts Spending $64 a Day to Feed Each Migrant, On Track to Spend $1 Billion By 2025​


I'm not sure any of Dans taxes will get out to Israel this year , the money will all be spent feeding these rat fucks.........how the hell is it costing even near $64 a day to feed these animals , is there a corruption premium built into these contracts like there is over her
 
Declan

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Screenshot_20240227-174742_Chrome.jpg


At this rate it will hit 35 trillion in a little over 2 months.
This has taken off now and we will not get to year end.

So full steam ahead.
 
Declan

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www.cnbc.com

The U.S. national debt is rising by $1 trillion about every 100 days

The nation's debt now stands at nearly $34.4 trillion.
www.cnbc.com www.cnbc.com


They are begins to recognize the slope of the graph.

This nut at 1% was manageable but that is being rolled over at 5%.

March and April is tax paying season so I would see this lasting til June maybe.

But if taxes income to the treasury is low then it could be sooner...

The debt is going to cross 34.5 trillion as soon as Monday or Tuesday.
 
A

A Man Called Charolais

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PlunkettsGhost said:

View: https://twitter.com/profstonge/status/1765006083590902202
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Government funding is backstopped by unlimited debt so taxpayers have much less power in the contemporary financial system, other than as pools of future income, essentially becoming indentured elements of an investment bundle like mortgages.

St Onge outlines how much each taxpayer is sending per month etc. but misses the point - the money will never be recovered according to conventional forms and the debt will not be merely inflated away.

Issued debt of this accelerated type is a call on the future liquidation of assets during a transition to a alternative system. Thus the whole "you will own nothing" futuristic notion. The citizens are liable for the debts of the state - by compromising the state's finances a call is made on the citizens' assets, or at least this is the rationale.

Think of money as a representation of the total assets of an economy, with a unit of currency as a percentage of the whole. So a €1,000 is say 0.000000000X% of the total economy.

This is a different system to trading with money based on intrinsic value that requires work to create, is tangible and is limited in supply. In the old system not everything was fungible, in the new everything is liquid.

The full change to virtual money will effectively centralise surveillance and leverage on all commercial transactions. This has been an ideal of technocratic society for over a hundred years, and it seems that the tools to effect it with CBCs (via new institutional frameworks) and AI (mass computational power) are available now. There's a lot of tumult coming before the new system sets.

I may be only able to draw with crayons on this but that's what I think the broad outline is.

There was a chance that it was going to go through uncontested, that's why the monetarist point of view was important to popularise over the past couple of decades.

The argument that it will fail from its giganticism overlooks the fact that other massive schemes in the C20th did persist for decades before they collapsed - for all intents and purposes it can be forced for generations. The stakes are significant.
 
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