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Brace Yourself For Extreme Economic Turbulence

 
StellaBlue
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User ID: 85019561
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03/04/2023 11:03 AM
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Brace Yourself For Extreme Economic Turbulence
Why is the U.S. economy suddenly deteriorating so rapidly all around us?

Well, the short answer is that this downturn is way overdue. For years, our leaders tried to cheat the laws of economics. The Federal Reserve pushed interest rates all the way to the floor, which is something that never would happen in a true free market economy, and they pumped trillions of fresh dollars that they literally created out of thin air into the financial system. Meanwhile, our politicians in Washington were engaging in the greatest debt binge that the world has ever seen.

At this point, most Americans understand that something has seriously gone wrong, and this is pushing consumer confidence lower.

Even more troubling is the fact that Americans seem to be bracing themselves for more economic turbulence as 2023 rolls along.

As I keep telling my readers, a new housing crash has begun.

In fact, U.S. home prices have now declined for sixth months in a row…

Higher rates are also really hurting the auto industry, and Zero Hedge is reporting that one of the most prominent subprime auto lenders in the entire country has just collapsed…

Yes, the dominoes are certainly starting to tumble.

But at least things in the U.S. are still better than they are over in Europe.

Right now, consumers in the UK are literally fighting over cucumbers as the nationwide rationing of fruits and vegetables starts to become extremely painful…

And food prices in the UK continue to spiral completely out of control…

Unfortunately, what we are facing is a global crisis.

Economic conditions all over the planet will deteriorate in the months ahead, and so I would encourage you to brace yourself for a tremendous amount of economic turbulence.

Because it is coming, and at this point there is nothing that our leaders can do to stop it.

For such a long time, central banks and politicians all over the world tried to cheat the system.

But in the process they made our long-term problems even worse.

Now a moment of reckoning is here, and every man, woman and child on the entire planet will feel the pain.

[link to www.zerohedge.com (secure)]
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

If I disappear from this forum, aliens didn't take me- Jesus did! Give your heart to him today!
Buck Fiden

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03/04/2023 11:18 AM
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Re: Brace Yourself For Extreme Economic Turbulence
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.
Anonymous Coward
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03/04/2023 11:19 AM
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Re: Brace Yourself For Extreme Economic Turbulence
bump
Buck Fiden

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03/04/2023 11:20 AM
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bump
Anonymous Coward
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03/04/2023 11:21 AM
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Re: Brace Yourself For Extreme Economic Turbulence
The whole economy at this point is false.

They just add and subtract funds as they will.

The only true value is the labor of the plebs that believe the money has value.
G3

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03/04/2023 11:26 AM

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Re: Brace Yourself For Extreme Economic Turbulence
tpcoaster
Phoenixe2
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Germany
03/04/2023 11:51 AM
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Re: Brace Yourself For Extreme Economic Turbulence
Don't worry, Germany will sanction China now for helping Russia, so we will shoot our knee again and safe the day. Or whatever. <shakingheadindisbelief>
Anonymous Coward
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03/04/2023 11:53 AM
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Re: Brace Yourself For Extreme Economic Turbulence
:tpcoaster:
 Quoting: G3


clueless-ahhh3
Anonymous Coward
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03/04/2023 11:55 AM
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Re: Brace Yourself For Extreme Economic Turbulence
Tell me when I should call my local county assessor's office and insurance agent to get my house value drastically lowered.
Anonymous Coward
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03/04/2023 11:58 AM
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Re: Brace Yourself For Extreme Economic Turbulence
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.
Anonymous Coward
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03/04/2023 12:01 PM
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Re: Brace Yourself For Extreme Economic Turbulence
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.
Buck Fiden

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03/04/2023 12:06 PM
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Re: Brace Yourself For Extreme Economic Turbulence
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.
Anonymous Coward
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03/04/2023 12:11 PM
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Re: Brace Yourself For Extreme Economic Turbulence
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)

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03/04/2023 12:27 PM
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Re: Brace Yourself For Extreme Economic Turbulence
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

If I disappear from this forum, aliens didn't take me- Jesus did! Give your heart to him today!
Anonymous Coward
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03/04/2023 12:34 PM
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Re: Brace Yourself For Extreme Economic Turbulence
Klaus S., Bill G., Larry F. and George S. are pleased with their progress to destroy the world.
Anonymous Coward
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03/04/2023 12:43 PM
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Re: Brace Yourself For Extreme Economic Turbulence
The two largest, most popular restaurants in the town next to me just closed. The others look not so busy. These are regular family oriented restaurants, not fancy upscale ones. It seems that the extra money to do things like go out to eat are disappearing from the economy for regular people.
Anonymous Coward
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03/04/2023 12:47 PM
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Re: Brace Yourself For Extreme Economic Turbulence
$ is on fumes….debt is higher than productivity

Anonymous Coward
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03/04/2023 12:52 PM
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Re: Brace Yourself For Extreme Economic Turbulence
They put a gentile in charge of the Federal Reserve so that's the face of the crash. His name will end up in college textbooks. Sad fucker.
Anonymous Coward
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03/04/2023 12:57 PM
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Re: Brace Yourself For Extreme Economic Turbulence
Tell me when I should call my local county assessor's office and insurance agent to get my house value drastically lowered.
 Quoting: Anonymous Coward 85381002


Every year.
Anonymous Coward
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03/04/2023 12:59 PM
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Re: Brace Yourself For Extreme Economic Turbulence
That already happened , decades ago when knicgurr gibsmedat plans rolled out!
Anonymous Coward
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03/04/2023 01:00 PM
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Re: Brace Yourself For Extreme Economic Turbulence
BRRRRRRRRRRRRRRRRRRRRR
Anonymous Coward
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03/04/2023 01:01 PM
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Re: Brace Yourself For Extreme Economic Turbulence
Extreme Econimic Turbulence:

 Quoting: Anonymous Coward 78835542

anyone got the number of the one on the hood of the suv? charlie
Anonymous Coward
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03/04/2023 01:06 PM
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Re: Brace Yourself For Extreme Economic Turbulence
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
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03/04/2023 01:08 PM
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Re: Brace Yourself For Extreme Economic Turbulence
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

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03/04/2023 01:10 PM

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Re: Brace Yourself For Extreme Economic Turbulence
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
Anonymous Coward
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03/04/2023 01:17 PM
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Re: Brace Yourself For Extreme Economic Turbulence
Blah Blah Bubbidy Blah Blah its always 2 weeks from now.

2 MORE WEEKS
John Thomas
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03/04/2023 01:19 PM
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Re: Brace Yourself For Extreme Economic Turbulence
Yes we have become too reliant upon "the system", and now we ALL need to start producing as much as we can,

Grow some food in pots, or vertical gardening, or whatever you can do...
Anonymous Coward
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03/04/2023 01:22 PM
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Re: Brace Yourself For Extreme Economic Turbulence
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.
 Quoting: Buck Fiden


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.
Anonymous Coward
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03/04/2023 01:23 PM
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Re: Brace Yourself For Extreme Economic Turbulence
Wow,

Revelation 16:21 is about to come to past. I never thought I see it happen even though I have been expecting it for years.
gracie2014

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03/04/2023 01:31 PM
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Re: Brace Yourself For Extreme Economic Turbulence
Biden and his commie crew = Cloward-Piven Strategy to bankrupt America......
Anonymous Coward
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03/04/2023 01:32 PM
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Re: Brace Yourself For Extreme Economic Turbulence
like you all people are fucking retarded

trump increased the national debt by a quarter during his reign, and you wonder what's causing inflation

why is dollar being devalued and why you're on the edge of bankruptcy





GLP