Global Depression 2022 - Time to do the Breadline Boogaloo!

[z0mb0]

Oh, yes. Criminals are stupid in so many ways.

besides the fact worldstar and ip2 both show people will plan and commit crimes on camera for popularity, and people confessing to them on social media have you ever gone through the local areas crime watch/patch/whatever the fuck you have? The only reason florida has the reputation it does is because they report on it more there.

 

[mold]

like the silver posting, if anyone invested a year ago they'd still be fucked. it didn't even catch up to the S&P 500.

anyone investing in PM expecting returns in a year is retarded

 

[Hippopatumus]

Holy shit

 

[Only A Retard Sometimes]

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Holy shit

im too much of a midwit to understand this.

 

[Raoul_Duke]

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Holy shit

So...what does this mean again, and is it really bad, or really really bad?

 

[Hippopatumus]

 

[Only A Retard Sometimes]

So...what does this mean again, and is it really bad, or really really bad?

apparently they are changing their calculations to make inflation appear less than it is.

 

[Desu Mountain]

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Holy shit

Ah, yes. The CNN approval polls strategy.

 

[Zbk3VmLfujjzjxBd43tL]

Apparently if you measured the CPI the way it was measured in the early 80s, it would be about twice as high and mark the highest year of inflation for the US since records began, like 2-3% higher than the previous record back when Jimmy Carter was president. Damn, Carter is god-tier compared to PedoJoe. The only inflation in US history that might be worse than this is shit from so long ago that if there was a CPI they would've had the cost of a new slave in there.

 

[Kujo Jotaro]

 

[Bonedome]

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This actually isn't so bad because after -$20 trillion it becomes positive 25 and 30 trillion.

 

[Hippopatumus]

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Pretty much.

Fed is in a corner in a BAD way. I think we could see the end of the dollar in the next 36 months.

 

[contradiction of terns]

The Stock Market Correction Is About To Get A Whole Lot Worse

The nightmare scenario appears to be unfolding as the financial market prepares for next week's FOMC meeting. Expectations are building that the Fed will accelerate the tapering of its asset purchases.

Today's CPI report seems to carry a hidden message, telegraphed by the bond market. Yields across the curve are falling, with the two-year rate down five bps to 65 bps. The 10-year also is down around four bps to 1.45%. This comes as a surprise to most, considering that the CPI report came in at 6.8%, meeting analysts' expectations.

But perhaps even worse is that the stock market may think that the Fed won't taper faster and that the economy can't withstand a Fed tightening cycle, as noted in this article posted on ZeroHedge from Nomura. If this is the case, the market will likely be on the wrong side of things come Wednesday.
Given the strong employment figures, initial jobless claims data, and now the CPI print, it seems hard to imagine the Fed won't taper faster. Plus, with the equity market trading just below its all-time highs, the stock market is telling the Fed to go ahead and taper faster.

None of this is good for the stock market. It seems apparent that not only has the stock market corrected already started, but it's also about to get a whole lot worse.

I cut out a bit in the middle because I didn't want to post the entire article. Just follow the link for the whole thing.

 

[ロボ﹏§¤r﹏h¶rœ]

Nothing will happen. It will be the same old up until WWIII. When it will start is up to debate.

 

[Smolrolls]

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That looks like a giant water slide, it really leads you down the deep end huh.

 

[Black Light Red Panic]

Is there a doomsday clock or equivilent I can bookmark and check or leave on my screen while I work out.

 

[mindlessobserver]

So...what does this mean again, and is it really bad, or really really bad?

It means our fearless leaders are continuing the trend of following capitalism with Chinese characteristics. Nothing matters so long as you maintain the delusion. And to do that they intend to lie with statistics. They will ignore all the pricing data for 2022 and instead add data going back several years to shift the mean average.

Sure your steak is 22 dollars NOW, but if we factor in its price from three years ago it's mean price is actually only 12 dollars. Nothing to worry about, carry on citizen, nothing to see here.

 

[Kujo Jotaro]

It means our fearless leaders are continuing the trend of following capitalism with Chinese characteristics. Nothing matters so long as you maintain the delusion. And to do that they intend to lie with statistics. They will ignore all the pricing data for 2022 and instead add data going back several years to shift the mean average.

Sure your steak is 22 dollars NOW, but if we factor in its price from three years ago it's mean price is actually only 12 dollars. Nothing to worry about, carry on citizen, nothing to see here.

Something people don't seem to understand is that they can't keep the illusion running forever. I see a lot of black pilled talking points whenever people bring up this topic, mostly revolving around there being some form of one world government. The great reset and plans like it are real on some level, but you'd be nuts to believe western elites have China or Russia in their pockets.

If all nations around the globe united to oppress the global populace sure they could keep the usd alive perpetually, but how likely is that, and how long could that scenario realistically last? As long as there are either a significant number of nations independently acting in their own best interests, or one large nation(ie china or russia) doing so there will be pressures that erode the legitimacy of the usd as reserve currency.

 

[Hippopatumus]

Its not about propping up the USD or not, its about the fact that all reserve currencies succumb to decay eventually due to human nature. The elites are not just aware of this, they are active participants in the cycle.

The Great Reset is fundamentally about money, and how power and technology interact with the concept of value in our society. In a nutshell, the rulers of our world have both recognized and signaled the transition from one cycle to the next. I think it is incredibly important to sit up and take note: they are telegraphing what comes next to those willing to listen.

 

[Only A Retard Sometimes]

Something people don't seem to understand is that they can't keep the illusion running forever. I see a lot of black pilled talking points whenever people bring up this topic, mostly revolving around there being some form of one world government. The great reset and plans like it are real on some level, but you'd be nuts to believe western elites have China or Russia in their pockets.

If all nations around the globe united to oppress the global populace sure they could keep the usd alive perpetually, but how likely is that, and how long could that scenario realistically last? As long as there are either a significant number of nations independently acting in their own best interests, or one large nation(ie china or russia) doing so there will be pressures that erodes the legitimacy of the usd as reserve currency.

Reminder that the US constitution only allows the government to mint currency in silver or gold. the current US dollar is illegal under Constitutional law.
Under the law (in the constitution and other federal law) A US dollar consists of 371.25 grains of Silver or .77 oz. Gold Eagles were Adjusted to be Equivalent to the silver dollar (a $10 dollar gold eagle would have enough gold to be equal to 10 silver dollars or 7.7 oz). when the value of gold would fluctuate Congress would pass a new law changing the content of the gold to reflect that. they did that several times. The old coins would be reminted with they new alloy for free or be weighed differently if not.

the US Bimetallic standard was VERY stable until congress stopped doing its part and used their own lack of action as an excuse to end the system. The last remains of the Gold/silver standard ending in 1971, and guess what happened? the nation went to shit. its all been down hill since then.
take a look

When the Federal reserve not collapses and confidence in the United states currency goes away what choice will the government have but a physically backed Dollar?