Global Depression 2022 - Time to do the Breadline Boogaloo!

[z0mb0]

So if Crypto is right out, what is the best way to secure investments beside putting them into physical rare earth metals? I see posts about loading up on debt, but I am not in a position to do so.

I already have stock in the top 500 company index, so I'm set whenever the economy rebounds.

i was joking about the debt thing. land and i'd get in on anything to do with hydroponic farming right now.

 

[Splinters RCVD ✞]

Speaking of food banks, CNN has this nugget:

Why more Brits are turning to food banks

London’s food banks were busy before the pandemic. But now, rising food prices, higher energy costs and cuts to government benefits are forcing legions of people to turn to charity.

edition.cnn.com

 

[mindlessobserver]

So if Crypto is right out, what is the best way to secure investments beside putting them into physical rare earth metals? I see posts about loading up on debt, but I am not in a position to do so.

I already have stock in the top 500 company index, so I'm set whenever the economy rebounds.

Don't load up on debt. As the banks fail they will turn to the government to extract what value they can to save themselves. Last thing you need in this scenario is for the Sheriff to show up with a debt writ to take all your shit.

Also, the Build Back Better bill is officially D.O.A. the dirty secret of this one is it was essentially a fiscal stimulus package designed to keep the music going. With it gone and the Fed warning they are tapped out, liquidity infusions are going to start drying up.

 

[Zbk3VmLfujjzjxBd43tL]

Also, the Build Back Better bill is officially D.O.A. the dirty secret of this one is it was essentially a fiscal stimulus package designed to keep the music going. With it gone and the Fed warning they are tapped out, liquidity infusions are going to start drying up.

So if I'm correct on this, that will speed up the impending crash? I guess that fucks up any plan to let the Republicans win in 2024 and hand Trump/DeSantis/whoever an economy bomb they managed to avoid exploding before January 2025.

 

[Raoul_Duke]

So if I'm correct on this, that will speed up the impending crash? I guess that fucks up any plan to let the Republicans win in 2024 and hand Trump/DeSantis/whoever an economy bomb they managed to avoid exploding before January 2025.

Leave it to commies to fuck up their economies. Let's just laugh at these tards.

 

[mindlessobserver]

Leave it to commies to fuck up their economies. Let's just laugh at these tards.

These people aren't communists. It's an insult to communists to claim what our political and financial elites are up too is in anyway related to Marxism. At least the communists and the socialists of the early 20th century had grand but unproven ideas and a sense that they were going to make the world a better place. They were wrong on many levels, but innocent in their ignorance.

What the American Government and by extension the global financial establishment has done is far far worse. At a fundamental level they KNEW what they were doing was wrong. The 20 year old commie commisar in Petrograd circa 1920 could not have truly known what he was about to unleash, but the fools in charge now absolutely DID know.

Fiat ponzi schemes are nothing new. They date back thousands of fucking years to when the first Bronze age king realized he could double his wealth by adulteraring the Bronze with too much copper vs. the Tin ratio. We KNOW what happened to the Song Dynasty in China when they debased their paper money and unmoored it from the silver standard and we KNOW what happens when a country incurs so many liabilities they need to engage in debased sinecure to pay for it.

I guess the smartest guys in the room never included a historian. That assumes too much though because the simple truth is our leaders are arrogant fools who assume they are way smarter then they actually are. They honestly believed that THIS time they would pull off successfully a scam that has failed every fucking time in human history for the last SIX FUCKING THOUSAND YEARS.

But don't worry guys. After thousands of years of failure, the fiat ponzi will definitely work this time.

 

[contradiction of terns]

People pressure governments worldwide to act on inflation

'Not a great change' Bank of England told to do MORE as interest rates hiked

The Bank's rate setters voted by a majority of 8-1 to increase the Bank rate by 0.15 percent to 0.25 percent from its previous rock bottom level of 0.1 percent. The move comes as concern grows over soaring inflation which was revealed to have climbed to 5.1 percent this week. In minutes published today the Bank expects inflation to remain around five percent through winter and peak at around six percent in April. Former MPC member Andrew Sentance said the hike was a "small step in the right direction" but cautioned it was "not a great change."

Looking to 2022 he suggested a rate increase to between one and two percent would likely be needed in order to keep inflation under control in the long term.

He added that it seemed the Bank was now "trying to get ahead of the curve" having previously been behind it and had a "feeling they've been pressured into this."

Lotta articles about the banks being 'pressured.' Since there's no way they give a shit what the plebs think or feel, this causes a big thunk for me.

Unsurprisingly they do not mention whom or where the pressure is coming from.

Edit: Forgot Goldman Sachs has lowered its US economic growth forecast

Less fiscal stimulus ahead should take at least some heat out of rising inflation rates in the US and thus, at the margin, slow the pace of Fed rate hikes.

Isn't the next inflation report the one where they're going to cook the numbers to make it look better?

 

[z0mb0]

People pressure governments worldwide to act on inflation

'Not a great change' Bank of England told to do MORE as interest rates hiked



Lotta articles about the banks being 'pressured.' Since there's no way they give a shit what the plebs think or feel, this causes a big thunk for me.

Unsurprisingly they do not mention whom or where the pressure is coming from.

Edit: Forgot Goldman Sachs has lowered its US economic growth forecast


Isn't the next inflation report the one where they're going to cook the numbers to make it look better?

They're gonna make someone try. part of that involves doing well enough it's believable. If you thought the F.U,S.A.G in world war two was peak U.S. smoke and mirrors trickery what'll take to make those numbers add up to anything short of standing on a car screaming mad max style collapse would make Mitchell McConnell seem like a guy you can trust to watch your coke.

 

[Male Idiot]

These people aren't communists. It's an insult to communists to claim what our political and financial elites are up too is in anyway related to Marxism. At least the communists and the socialists of the early 20th century had grand but unproven ideas and a sense that they were going to make the world a better place. They were wrong on many levels, but innocent in their ignorance.

What the American Government and by extension the global financial establishment has done is far far worse. At a fundamental level they KNEW what they were doing was wrong. The 20 year old commie commisar in Petrograd circa 1920 could not have truly known what he was about to unleash, but the fools in charge now absolutely DID know.

Fiat ponzi schemes are nothing new. They date back thousands of fucking years to when the first Bronze age king realized he could double his wealth by adulteraring the Bronze with too much copper vs. the Tin ratio. We KNOW what happened to the Song Dynasty in China when they debased their paper money and unmoored it from the silver standard and we KNOW what happens when a country incurs so many liabilities they need to engage in debased sinecure to pay for it.

I guess the smartest guys in the room never included a historian. That assumes too much though because the simple truth is our leaders are arrogant fools who assume they are way smarter then they actually are. They honestly believed that THIS time they would pull off successfully a scam that has failed every fucking time in human history for the last SIX FUCKING THOUSAND YEARS.

But don't worry guys. After thousands of years of failure, the fiat ponzi will definitely work this time.

They'll just try the same old trick and add +1 to the "nations kicked out from" list.

Since The Eu Kaliphate is too islamic, they'll propably try India or China.

China will quickly seize all assets and Shlomo will be making kosher rice in the paddy.

India will go fine until Schlomo notices McHitler's next door and starts his kvetching about removing all swastikas.
After that Chadjeet will push him down, pull up his pretty, colourful robe, and designate Schlomo's face with a bucketful of delicious, half digested vindapoo.

Guess they could try South America or Straya.

 

[Killerseid]

This shitty world is not our fault. It’s the fault of nations, too cowars to go to war, that their powers use this shenanigans to destroy eachother. If nukes weren’t invented or nations weren’t too cuck to use them, we would solve alot of issues. A war is fought with bullets and blood, not the “i buy ahha nigga”

 

[contradiction of terns]

I can't sleep and I forgot this, too.

OIC nations pledge fund to prevent Afghanistan economic collapse

The Organisation of Islamic Cooperation (OIC) has pledged to set up a humanitarian trust fund for Afghanistan as millions face hunger and poverty.

The crisis is causing alarm with billions of dollars in aid and assets frozen by the international community after the Taliban takeover of the country in August this year.

 

[Meat Target]

Not sure how long it'll last, but Nasdaq is down 2%. Make sure your tray tables are up and your seats are in the full upright position.

 

[teriyakiburns]

would now be a good time to blow all my savings on silver bullion coins?

 

[FAQnews Correspondent]

But, in a real crash if you are sitting there bragging about holding $250,000 in crypto that your exchange can't actually convert to USD, you are fucked. You really are.

If everyone cashed out of Coinbase right now, about 40% of the people will get their money - the other 60% will be the ones whining in court saying "I was a victim".

You shouldn't keep your money on exchanges though.

 

[contradiction of terns]

Something sus is going on in Malta.

Nadur land dispute: Church says it could not forsee 2019 land registry decision - A land dispute has raised questions about whether a section of Maltese properties are actually the property of the title holders.

A Sunny Place For A Shady Online Business - Malta has been having money laundering issues.

Maltese businesses facing ‘constellation of shocks’ - The economy is struggling despite the EU pumping money into it.

I forgot again: Davos is dead

 

[z0mb0]

would now be a good time to blow all my savings on silver bullion coins?

silver plated man. stretch that shit out.

 

[Keystone]

I forgot again: Davos is dead

Unfortunately the people who attend it are not.

 

[Cryonic Haunted Bullets]

Get out of the US dollar. Not one iota of my savings is in USD and none of your savings should be in it either. The US dollar is nothing more then worthless paper issued by a private bank, backed by nothing and running on inertia alone. If you are holding that nonsense you are a fool.

What's the alternative? Crypto? I doubt that a crisis bad enough to kill the USD would leave crypto exchanges intact. Land? Your ownership of land is enforced by the government, and I doubt the government would be able to function in such a situation, either.

 

[mindlessobserver]

What's the alternative? Crypto? I doubt that a crisis bad enough to kill the USD would leave crypto exchanges intact. Land? Your ownership of land is enforced by the government, and I doubt the government would be able to function in such a situation, either.

I got some physical silver

 

[Zbk3VmLfujjzjxBd43tL]

What's the alternative? Crypto? I doubt that a crisis bad enough to kill the USD would leave crypto exchanges intact. Land? Your ownership of land is enforced by the government, and I doubt the government would be able to function in such a situation, either.

Precious metals and copper (collect pre-1982 pennies, they're mostly copper and thus relatively valuable) are the best since until we start mining asteroids it's going to be fairly consistent (and even after asteroid mining the price won't be terrible, look at historic gold/silver rushes and their impact on PM prices). The only easy alternatives are crypto and stocks, both of which will take a huge hit once the depression kicks off for real.

Land depends on your area, but right now it's likely pretty overpriced generally. Once foreclosures hit it'll be cheaper. IMO there's no point buying 1 acre when I can get 2-3 acres at the same price if I wait a year or two. Land is actually a better investment if the government is weak, since they won't have the power to chase you off it for some bullshit like being unvaxxed and not paying the mandatory fine.

Also, buy guns and ammunition--I'd recommend a 12-gauge shotgun if nothing else since those are great for home defense and hunting. These are expensive these days so are good investments and theoretically can be sold at a later date. You should get expensive purchases like that out of the way now. Like if you need a new computer, car, etc., buy it now.