Financial topics

Investments, gold, currencies, surviving after a financial meltdown
aeden
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Joined: Sat Jul 31, 2010 12:34 pm

Re: Financial topics

Post by aeden »

http://www.williamengdahl.com/englishNEO10June2021.php 5.1 billion reasons how gruesome screwed them.

Higgenbotham
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Re: Financial topics

Post by Higgenbotham »

Cool Breeze wrote:
Tue Jul 27, 2021 7:25 pm
Higgenbotham wrote:
Tue Jul 27, 2021 11:14 am

It's hard to know where to start in response to this but the first thing that comes to mind is I was in a third world country a little less than 3 years ago. And I noticed the Uber drivers might do, say, 2 rides per day compared to an Uber driver in the US needing to do, say, 15 rides per day to meet expenses. The ratio looked to be about 7 to 1. The same food items cost 5 times in the US. The Uber driver would lollygag around in the lobby of the hotel and I witnessed an incident where someone delayed him beyond the appointed time to finish a meal and it was no problem. He just sat in the lobby calmly and waited for about 15 minutes. He didn't have a care in the world. Everybody is polite and unhurried. Meanwhile, though, the hotel is surrounded with iron gates and it's chaos out in the streets. The roads are poorly maintained. The ex-pats who work for the corporations say they are glad to get out of Europe so they can relax. But security for the corporations doesn't allow them to be outside secured areas for more than 4 hours due to risk of kidnapping.

Here in the US, The 97th Percentile has been running the rest of the population harder and harder on the hamster wheel for decades to stay in place, and I think the population is exhausted. As one example, the birth rate can't even be maintained, but in the third world country I described they are still well above replacement. Your comment above seems representative of what is going on everywhere in the US. To alleviate that, in my opinion, there can be either deflation or a collapse into a dark age (more inflation certainly won't do the trick). Those are the only two choices in my opinion, the only ways to slow the pace down. The 97th Percentile has stupidly chosen the latter, not because they are smart, but because they are stupid.
This is a very good post. Again, the only thing I disagree with is the sensationalism at the end. Deflation or "dark age". Nah. Higgy, stop defaulting to doomsday scenarios, it's not only too easy, it's lazy. Happens around here a lot.

The good news is that there won't be a full scale nuclear war. The supply chains will collapse and chaos will ensue before that happens. But don't count on picking up your fresh strawberries at Piggly Wiggly. And Bitcoin will buy you nothing. You can grow your strawberries yourself or forage for them though, like humans have done for 99.9% of history.

aeden wrote:
Tue Jul 27, 2021 7:30 pm
H is spot with his view. You digital dick heads are dead men walking.
A dark age is just reverting back to normalcy. Easy for us to see but hard for the coddled.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.

aeden
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Re: Financial topics

Post by aeden »

Agree on Sun Jul 19, 2020 4:37 pm

My default for this bear market rally was "Longer than I would ever think possible." I should modify that to "Much much much longer than I would ever think possible."

Even providence will not pound them into shape as it hardens the core truly sealed.

viewtopic.php?p=53422#p53422 To painful to update the list.
Report study's still under evaluation to survival treatment maps. Cannot comment to many IYI predators.
Once stabilized N-ACETYL CYSTEINE 600 mg
The seventy studies as noted also are useful for short term therapy as such.
Normal pulse oximeter readings usually range from 95 to 100 percent.
We know nothing but we read and understand data fragility.
The Pharmakeia death cult is a open wound to the survivors in His garden.
At times we see His mercy so we get up and get on to the work.

Ten Kings one hour.

https://www.cotreports.org

https://www.youtube.com/watch?v=QZQtG0RkUgg



John
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Location: Cambridge, MA USA
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Re: Financial topics

Post by John »

** 28-Jul-2021 World View: Ken Langone and permanent inflation

Ken Langone was on CNBC this morning, giving his argument for why
inflation is permanent, not transitory. His argument is moronic, and
it shows how so few people understand fourth grade percentage
problems.

He rattled on for half an hour, but his argument boils down to the
following:
  • Unemployed people can get government handouts of several
    hundred dollars a week, so they don't have to work.
  • This is causing a severe employee shortage.
  • This is forcing employers to increase wages substantially.
  • Once a wage increase is given, it can't be taken away. That is,
    wage increases are "sticky," to use the economics term.
  • Therefore, inflation will continue even after the government
    handouts are taken away.
  • Therefore, inflaiton is permanent.
This argument is so idiotic that it makes my head spin. But of course
I can do fourth grade math. I hear variations of this argument from
so-called experts all the time.

So let's suppose that the government handouts result in an inflation
rate of 5%. Then what happens when the handouts end?

Yes, the wage increases are "sticky," and they won't go away. But
they won't continue to increase at 5%. In fact, once the handouts
end, there may be a flood of available employees, so wage increases
may well be zero for the following year. At the same time, the
pandemic-induced shortages will be ironed out, so prices of scarce
products will no longer increase as much, but since those prices are
not "sticky," they may actually start to fall.

What we may be looking at is something that nobody is talking about.
When the Fed temporarily tapered bond purcheses a few years ago, there
was a "taper tantrum." The Fed is currently buying $120 billion in
treasuries and mortgage-backed securities each month, and will have to
tapen again. There may be a similar economic reaction when the
handouts end, and may quickly result in deflation and a sharp
recession. The only question is: When will this happen?

The economy should have crashed in 2009 when the real estate bubble
crashed, which is what I was expecting. That was held off by
something that I didn't expect, massive Fed bond purchases, creating a
drug-like dependency. And now we're in a new drug-like dependency,
with handouts. Drug addictions never end well, and neither will
these.

User avatar
Tom Mazanec
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Joined: Sun Sep 21, 2008 12:13 pm

Re: Financial topics

Post by Tom Mazanec »

“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, Those Who Remain

aeden
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Joined: Sat Jul 31, 2010 12:34 pm

Re: Financial topics

Post by aeden »


vincecate
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Re: Financial topics

Post by vincecate »

John wrote:
Wed Jul 28, 2021 9:54 am
What we may be looking at is something that nobody is talking about.
When the Fed temporarily tapered bond purcheses a few years ago, there
was a "taper tantrum." The Fed is currently buying $120 billion in
treasuries and mortgage-backed securities each month, and will have to
tapen again. There may be a similar economic reaction when the
handouts end, and may quickly result in deflation and a sharp
recession. The only question is: When will this happen?

The economy should have crashed in 2009 when the real estate bubble
crashed, which is what I was expecting. That was held off by
something that I didn't expect, massive Fed bond purchases, creating a
drug-like dependency. And now we're in a new drug-like dependency,
with handouts. Drug addictions never end well, and neither will
these.
They are hoping they can keep monetizing the debt forever.
This way the politicians can spend as much as they want.
The way this fails is inflation or hyperinflation.
They think they can print as much money as they want.
However, if they print too much, the paper stops being money.
They are probably at/close to "too much money".

This has happened with paper money many times before;
however, most of the westerners alive today have not lived through it.

aeden
Posts: 12353
Joined: Sat Jul 31, 2010 12:34 pm

Re: Financial topics

Post by aeden »

https://californiaglobe.com/section-2/c ... onditions/
blantant stupidity ignored as always

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