Posted on 06/18/2022 4:56:35 AM PDT by blam
Everything several generations created, saved, worked for is setting up to be wiped out.
Boomers who were told SS would not be available to them at retirement, so they planned, scrimped, saved…are still going to lose in the end due to government spending and the Fed.
The end of the American entrepreneur, end of innovation, end of the American dream.
Gee, guess it’s time to become an illegal alien for interaction purposes….. just posting for a friend who lost all his guns in a boating accident when he came to America illegally…..
The end of the American entrepreneur, end of innovation, end of the American dream.
There is ALWAYS opportunity, especially with the cure coming. Lots of problems to solve and money to be made. Wish I was younger.
I do not buy the argument presented.
Gold and Silver have shown virtually no net movement in the past year. Individual markets and shipping costs had some major imbalances, but lumber, housing, residential lending have made progress on a “shocking” rate change. The “shocking” is why I think the central bankers might have just chanced upon the corrective action. Cool the speculative markets before the investor class finds an angle to distort markets and allow a ton of other industries a breath to catch up. Auto and especially used auto prices have been insane.
A year of slowdown brings everything from Beef to Lumber back under some control. The glut will worry the central bankers with the spectar of year over year deflation.
I predict one year from now, 4% on the 10 year, 4.25% on 30 year Mortgages, and what California, Nashville and New Jersey considers a housing crash and the midwest consider a market normalization.
There is a entire generation of consumers who never have had to worry about auto rates and housing rates in lending. A 12 month primer on economic policy was called for.
Ping!
“The collapse is engineered to create crisis conditions so frightening that they expect the majority of the public to submit to a collectivist hive mind lifestyle with greatly reduced standards. This would be accomplished through UBI, digital currency models, carbon taxation, population reduction, rationing of all commodities and a social credit system.“
Covid proved they will submit.
Three words: Programmable digital currency.
"The glut will worry the central bankers with the spectar of year over year deflation."
Deflationary Tsunami On Deck: A “Tidal Wave” Of Discounts And Crashing Prices
I just don’t understand what on earth the Democrats and RINOs get out of hurting our country this way. It sure doesn’t help their parties in any way. They get to be kings? They make big bucks? What? They believe the promises of people like Soros or whoever.
It's the end of the world as we know it and I feel fine.
So if the economy “collapses” then will 3rd worlders STOP coming?
That is why I like cash. What I buy is none of the Gubbermint’s bidness.
Go eat you gun. We are starting to see a genuine metamorphosis that is going to put “the great reset” back into the dustbin of foolish ideas, take your pessimistic attitude and shove it up where the sun doesn’t shine.
Sure, times are rough, but no way and no how are we anywhere near your suicidal view point in America.
You might want to remember this quote from 1650 by English theologian Thomas Fuller, “It’s always darkest before the dawn!”
Comment, from linked article....
Indeed, the months ahead are going to be quite chaotic.
Moreover, JP Morgan Jamie Dimon has “warned us”: a hurricane (whose name is “Stagflation”?, Jamie?)is coming. And there is not much time left to prepare for it for those who are not aware of the danger.
“…The worship of the state is the worship of force. There is no more dangerous menace to civilization than a government of incompetent, corrupt, or vile men. The worst evils which mankind ever had to endure were inflicted by bad governments. The state can be and has often been in the course of history the main source of mischief and disaster.”,
Ludwig Von Mises, “Omnipotent Government: The Rise of the Total State and Total War” (1944).
The next question is, why didn't God warn us? He did, and in specific detail. It is all there in black and white, for anyone willing to look. Now is not the time to be fearful of what is to come. It will come. Now is the time to accept God's promise. The thief on the cross had no time left, all he had time to do was to recognize that he himself deserved judgement and to recognize that Jesus was the Lord. But that was all it took to recieve the promise. So there it is, this is where we are at, and what the world has come to. Now is the time for salvation.
Usual economist shortsighted tak. He describes a scenario that leaves out the most important part. The BRICS are busy moving away from petrodollars. That is the foundational end of the US economy.
Agreed. I bought silver at $33 an ounce when Obama took office believing his fiscal policies would cause inflation. I have been a bag holder since that time, with a 35% loss.
Also that light ahead is not the dawn but a out of control train...
They are fihghting amongst themselves for cushy spots in the new world order. The politicians view humanity as chattle to be husbanded, managed, and harvested.
-- They get to be kings? --
Not exactly. They get to be part of the king's court. Cushy sinecures, best standard of living.
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