Brace Yourself For Extreme Economic Turbulence | |
Buck Fiden formerly Huck Fillary and Sum Tin User ID: 85067157 ![]() 03/04/2023 11:18 AM ![]() Report Abusive Post Report Copyright Violation | This seems not just right but inevitable. Covid dealt a huge blow to the world's economies, by design. Now we have some of the most incompetent morons in world history in positions of leadership, and they're implementing plans and policies that are painfully stupid and destined to cause enormous additional damage. Throw in the biggest corporations jumping on the woke train to Hell, and governments around the world piling on to the insanity in Ukraine, and we've got what William Gibson called The Jackpot in the Peripheral series - a confluence of events that should never happen concurrently but when they do, you win the doom jackpot. No vak. No Djoke. |
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Buck Fiden formerly Huck Fillary and Sum Tin User ID: 85067157 ![]() 03/04/2023 11:20 AM ![]() Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 72636098 ![]() 03/04/2023 11:58 AM Report Abusive Post Report Copyright Violation | I am wondering if there is something deeper going on in the global economy. With technology and A.I. advancing the IQ level of human in which you are of any use must keep going up and up. Eventually no humans will be of any use to the global economy. Most countries have nothing to offer the world in terms of production or resources, they will be first to collapse. Pakistan has only days left of money and needs to import stuff, 213 million people... War, famine and chaos everywhere soon unless the whole global system is restructured in some way. |
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Buck Fiden formerly Huck Fillary and Sum Tin User ID: 85067157 ![]() 03/04/2023 12:06 PM ![]() Report Abusive Post Report Copyright Violation | What are you talking about. This is Fridays market rap up The Dow Jones Industrial Average rose 387.4 points, or 1.17%, to 33,390.97, the S&P 500 gained 64.29 points, or 1.61%, to 4,045.64 and the Nasdaq Composite added 226.02 points, or 1.97%, to 11,689.01. Again what are you talking about. Quoting: Anonymous Coward 81705514 Oh. So the stock market is the only economic indicator that matters. I see. It doesn't matter that our cities are overrun with homeless camps and housing is unaffordable for a huge portion of the population and food, energy, and transportation costs are bankrupting working-class Americans, 'cause the Dow just gained 300 points. Maybe Joe could put this genius in charge of the treasury. No vak. No Djoke. |
Anonymous Coward User ID: 194733 ![]() 03/04/2023 12:11 PM Report Abusive Post Report Copyright Violation | What are you talking about. This is Fridays market rap up The Dow Jones Industrial Average rose 387.4 points, or 1.17%, to 33,390.97, the S&P 500 gained 64.29 points, or 1.61%, to 4,045.64 and the Nasdaq Composite added 226.02 points, or 1.97%, to 11,689.01. Again what are you talking about. Quoting: Anonymous Coward 81705514 These are the same fed-manipulated markets that magically exhibit little to no turbulence when chinese balloons and UFOs are floating overhead, or when the US gov launders $200 billion plus out of the country through Ukraine amidst $50 trillion in national debt and millions of illegals flooding into the country to live in city hotels at city expense... Yeah, the markets should be the trustworthy |
StellaBlue (OP) User ID: 85019561 ![]() 03/04/2023 12:27 PM Report Abusive Post Report Copyright Violation | We are locking down and tightening up in my household. Finally canceled my dish... it's no longer in the budget (and the choices offered for $140 a month are not worth it)... they keep begging me to reconsider, even offering "special deals" Maybe not much of an indicator but I know of 3 different dog breeders who are now stuck with tons of puppies, nobody is buying purebred dogs and those who originally committed to them have backed out... could be something could be nothing The writing is on the wall and we're trying to get ahead of the 8 ball The vegetable garden this year is going to be critically important It is better to trust in the Lord than to put confidence in man. -Psalm 118:8 No weapon that is formed against thee shall prosper. -Isaiah 54:17 "I have certain rules I live by. My first rule: I don’t believe anything the government tells me.” – George Carlin Liberty and justice for all |
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Anonymous Coward User ID: 84209669 ![]() 03/04/2023 01:06 PM Report Abusive Post Report Copyright Violation | I’m in the auto industry and certain models would sell immediately when they hit my allocations 2-3 months ago. Not anymore. The only thing I’m selling are highly discounted or base models. This is new cars. Used pricing is still very high. People are driving their cars longer bc they have low rates. Just like houses, there’s no inventory bc the only people that would sell their current 2% mortgage for a new 7-8% mortgage are people that have to move, for a job etc. most work online still so that’s not really an issue. My rent increased 30% in 2 years. My food budget is up about 100% since Covid. I’m lucky, I do very well, high 6 figures a year. Uncle Sam does take half of it though so it doesn’t go as far as it should. I’m just happy my family has their health, unvaxxed and we live in a good state, Florida. |
Anonymous Coward User ID: 82029955 ![]() 03/04/2023 01:08 PM Report Abusive Post Report Copyright Violation | It's all about the bonds. They aren't looking at a choice between mortgages vs food. It's all about containing the bond market which is experiencing a collapse as foreign investors, countries and wealth funds exit the us debt markets in lieu of real assets and commodities. The fed will kill the economy to save the bond market. Without being able to keep the debt ponzi scheme going and selling more debt/raising cash, govt/pensions/infrastructure will lose all funding. The US CORP IS BANKRUPT. The Fed, like all central bankers, know that if their fiat is replaced by gold/silver/petro-yuan etc.. they are DONE. They give ZERO Fs about you and your families. This is why they need war. Think of which 2 major economies that have rejected the USD, and you will see the US State dept trying to sound war drums. Guess which 2 countries oppose the central bank cabal? CHINA + RUSSIA. Which two countries have the US/UK/EU been trying to start a war with? CHINA + RUSSIA. |
Remedial_Rebel User ID: 78258400 ![]() 03/04/2023 01:10 PM ![]() Report Abusive Post Report Copyright Violation | The credit market is drying up from a significant increase in defaults. Plus, the derivatives market and consumer debt is higher than 2007, The dominoes are falling. https://imgur.com/gmpeaGZ |
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Anonymous Coward User ID: 80549619 ![]() 03/04/2023 01:22 PM Report Abusive Post Report Copyright Violation | What are you talking about. This is Fridays market rap up The Dow Jones Industrial Average rose 387.4 points, or 1.17%, to 33,390.97, the S&P 500 gained 64.29 points, or 1.61%, to 4,045.64 and the Nasdaq Composite added 226.02 points, or 1.97%, to 11,689.01. Again what are you talking about. Quoting: Anonymous Coward 81705514 Oh. So the stock market is the only economic indicator that matters. I see. It doesn't matter that our cities are overrun with homeless camps and housing is unaffordable for a huge portion of the population and food, energy, and transportation costs are bankrupting working-class Americans, 'cause the Dow just gained 300 points. Maybe Joe could put this genius in charge of the treasury. That guy must not know about the trillion bucks the fed dumped in once again very recently. Current market conditions wreak of a retail trap. |
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