Current issues with the market - Any ideas on avoiding the end?

Screenshot_20220531-064113_Ungoogled Chromium.jpg
 
  • Informative
Reactions: Autistic Joe, Articuno4 and Local Fed

JPMorgan Chase CEO Jamie Dimon says he is preparing the biggest U.S. bank for an economic hurricane on the horizon and advised investors to do the same. “You know, I said there’s storm clouds but I’m going to change it… it’s a hurricane,” Dimon said Wednesday at a financial conference in New York. While conditions seem “fine” at the moment, nobody knows if the hurricane is “a minor one or Superstorm Sandy,” he added. “You better brace yourself,” Dimon told the roomful of analysts and investors. “JPMorgan is bracing ourselves and we’re going to be very conservative with our balance sheet.“
 
  • Informative
  • Like
  • Islamic Content
Reactions: Autistic Joe, Cpl. Long Dong Silver, ApeBass and 5 others
tehpope said:

JPMorgan Chase CEO Jamie Dimon says he is preparing the biggest U.S. bank for an economic hurricane on the horizon and advised investors to do the same. “You know, I said there’s storm clouds but I’m going to change it… it’s a hurricane,” Dimon said Wednesday at a financial conference in New York. While conditions seem “fine” at the moment, nobody knows if the hurricane is “a minor one or Superstorm Sandy,” he added. “You better brace yourself,” Dimon told the roomful of analysts and investors. “JPMorgan is bracing ourselves and we’re going to be very conservative with our balance sheet.“
Click to expand...
Well Have I not been saying this? It's always those big boys who have already have shored up their tangible assets and are now stating diluted information/just enough information to the masses on how much of a fuck up is happening.

And though I am still making profit, I am down 8% from last year month to month.

This is ALL Biden's and the Communists fault that are in power in the US. The facts are there and it is much much worse than what is even being posted about the inflation rate. As soon as they got into power they have completely fucked everything up FOR IDEOLOGY.

Guy's I've already showed you my emergency on hand money to prove the point on everything I've been posting for two plus years. I do my research, save money and buy what ever I need that is important. The result that I'm prepared enough I think to ride out the bad part of all of this mess without issue.

I keep track on what the market will bare in Housing, Appliances, Energy and Food stuffs, as well as industrial spending into heavy equipment. I do my research.

I can tell you that food has gone up 10% month to month on basic essential needs.
Energy has gone up in my are 100% or Doubled in Gas. Utilities are up 60% since last year.

I'm expecting gas shortages and rolling black out on states as those warnings have been already been posted.

You know I buy everything in bulk and freeze it if possible. I bought Bacon End pieces for $5.69 for 3 pounds back in December. The same brand that came in I just purchased 2 days ago. now costs $8.05 for 3 pounds. 30% mark up. Purchased 18 pounds and will get more later as I see the costs going up.

Cheese Has gone up $1 per pound or 2 weeks ago or 30%+ since March 2022.

The worst case is what you do not see in Wally World. You will find a lot of Wally Worlds Great Value products not on the shelves while the more expensive food stuffs are.
Example. The Cheap Wally World Cheese crackers. Goes for $1.89. Unable to find for 2 months. Cheap Relish-gone. Cheap Bread 88cents to 86 cents. Cheap fruit juice in gallons gone. All of the name brand items are there but I sure as hell not going to buy Cheeze-its for $3.48 or Clorox bleach for 3/4 of a gallon for 4 bucks. That is what is left.

OR price increases that are around 10% every month or so on most of their items.


I'm expecting the worse to happen at the end of summer as the costs of inflation continue to eat into our savings. I've made my warnings weeks ago. This feels similar enough to the Hyperinflation years of the 70's. That's all that I can do.

CEO'S AND BILLIONAIRES do not say anything out the kindness of their hearts. They are for shadowing events down the road to soften the blow for their share holders.

The Super rich don't give one shit about you or the economy. They have enough money through their schemes to live the good life without loosing any discomfort, while the rest of us, including myself have to watch things carefully.

They have the information on hand so look at them carefully on what moves they make, then do your research on why they made their moves.


So...

1. Stock up on the cheap stuff as much as you can now as things are not going to get better anytime soon.
2. Listen of different types of news information and pick apart what the big monkeys are saying.
3. Get some ideas on how you can cut back on your spending and turn it into some savings.
4. Buy in bulk if you can and store it anywhere. Because prices are going upward.
5. Continue to do your research and do it well on whatever endeavor that you are in.
6. SAVE MONEY ANYWAY POSSIBLE so you can buy the stuff when that emergency arises.

I'll keep posting on the dumb ass things that go on in Silicon Valley land as well as other parts of world that I still deal with.
 
  • Like
  • Agree
  • Semper Fidelis
Reactions: Autistic Joe, Articuno4, Blobby's Murder Knife and 8 others
mindlessobserver said:
People have been dooming for 2 years because by all known metrics we should already be fucked right now. The only thing that is holding this rocket ship together is memes and debt.
Click to expand...
Now to be fair to the doomers, nobody sane could've expected the absolute Clown World levels of fuckery they're willing to go to in order to keep this bitch afloat for just another day, week, month.

None of the niggers relying on gas to heat their urban shitbox are laughing at my fuck off stockpile of coal anymore.
 
  • Like
  • Feels
  • DRINK!
Reactions: Autistic Joe, Captain Hastings Official, Planted and 6 others
The Wicked Mitch said:
Now to be fair to the doomers, nobody sane could've expected the absolute Clown World levels of fuckery they're willing to go to in order to keep this bitch afloat for just another day, week, month.

None of the niggers relying on gas to heat their urban shitbox are laughing at my fuck off stockpile of coal anymore.
Click to expand...
Except the majority of people don't understand basic economics, how you get them to possibly understand the Keynesian retardation that literally prints worthless fiat endlessly? At least when coins were minted you could theoretically argue their value from the metal content. Good luck trying to convince a textile manufacturer your printed on hemp fibre is worth actual value to actual processed hemp.

I've a runnign bet with my friend. His prediction is the economy goes under after US midterms, I'm betting before. I wonder which one of us will win....
 
  • Like
  • Thunk-Provoking
Reactions: Autistic Joe, AMHOLIO, The Wicked Mitch and 2 others
兄貴 Forevermore said:
Except the majority of people don't understand basic economics, how you get them to possibly understand the Keynesian retardation that literally prints worthless fiat endlessly? At least when coins were minted you could theoretically argue their value from the metal content. Good luck trying to convince a textile manufacturer your printed on hemp fibre is worth actual value to actual processed hemp.

I've a runnign bet with my friend. His prediction is the economy goes under after US midterms, I'm betting before. I wonder which one of us will win....
Click to expand...
Belief is a powerful thing. Very powerful. It convinced a bunch of otherwise sensible dutch merchants some fucking flower tubers were worth the equivalent of a farming homestead. That belief created value. It created an entire economy. It made a few people stupendously rich. The problem is valuations based solely upon belief have no foundation. The holy trinity of any economy is Asset, Product and Service. At a basic level, these boil down to Land, Food and Sex. These have always been the bedrock commodities of human societies because they ALWAYS have value. They are the basics that make life and society function. Their price can fluctuate, but they never go to zero. Even in a war-torn society where everything has broken down, people assert ownership of territory, trade with food, and can even buy sex with either.

Modern money theory and Keynsian economics are wrong because they assume price and value are purely subjective. That there is nothing backing it up but belief. This is not true. Belief is powerful, but belief is a product of the human mind, and the human mind is fickle. Especially at the group level.

But what do I know. I am just an idiot history major. I honestly made an effort to understand all the complicated math of the economics majors as my electives. My focus was Financial History. It was like trying to talk to space aliens. The moment I said "all things being equal" made no sense because nothing is ever equal, and that none of these formulas allowed for human idiocy, I realized I was in the wrong class.

But I do know one thing. Everytime human society has tried to divorce value from the fundamentals disaster has followed. Every time. The terrifying thing this time is this if the first time the fundamental divorce is global. Not even the panic of 1873 or the Great Depression holds a candle to what I am seeing. The entire planet is betting on Tulips. I don't understand the math. But the history is terrifying.
 
Last edited:
  • Like
  • Winner
  • Informative
Reactions: Autistic Joe, The Foxtrot, Blobby's Murder Knife and 8 others
mindlessobserver said:
Belief is a powerful thing. Very powerful. It convinced a bunch of otherwise sensible dutch merchants some fucking flower tubers were worth the equivalent of a farming homestead. That belief created value. It created an entire economy. It made a few people stupendously rich. The problem is valuations based solely upon belief have no foundation. The holy trinity of any economy is Asset, Product and Service. At a basic level, these boil down to Land, Food and Sex. These have always been the bedrock commodities of human societies because they ALWAYS have value. They are the basics that make life and society function. Their price can fluctuate, but they never go to zero. Even in a war-torn society where everything has broken down, people assert ownership of territory, trade with food, and can even buy sex with either.

Modern money theory and Keynsian economics are wrong because they assume price and value are purely subjective. That there is nothing backing it up but belief. This is not true. Belief is powerful, but belief is a product of the human mind, and the human mind is fickle. Especially at the group level.

But what do I know. I am just an idiot history major. I honestly made an effort to understand all the complicated math of the economics majors as my electives. My focus was Financial History. It was like trying to talk to space aliens. The moment I said "all things being equal" made no sense because nothing is ever equal, and that none of these formulas allowed for human idiocy, I realized I was in the wrong class.

But I do know one thing. Everytime human society has tried to divorce value from the fundamentals disaster has followed. Every time. The terrifying thing this time is this if the first time the fundamental divorce is global. Not even the panic of 1873 or the Great Depression holds a candle to what I am seeing. The entire planet is betting on Tulips. I don't understand the math. But the history is terrifying.
Click to expand...

I really think we are going to see a massive change to Cryptocurrency in the next 5-10 years. It makes too much sense. Both the people and government like the hyper-trackable nature of blockchains, and cryptos have already started to resemble the financial markets in behavior.

One of the main issues with global stability today is the willingness of the US and western governments to essentially rob nations of their foreign reserves for political reasons. Paired with the willingness of payment processors to refuse to process payments for political reasons, faith in the traditional banking system is at an all time low.

The government gets to much more accurately track income and collect evidence of financial crimes. They get to start over fresh with a new currency and dump our national debt.

We're already seeing manufacturing come back to the US. It's a matter of national security at this point. When this incoming global depression starts wiping out economies, the world really won't be in a position to argue with the switch.

Get ready for [fedcoin] everybody...
 
  • Optimistic
  • Horrifying
  • Agree
Reactions: Autistic Joe, Polock, Planted and 6 others
mindlessobserver said:
Belief is a powerful thing. Very powerful. It convinced a bunch of otherwise sensible dutch merchants some fucking flower tubers were worth the equivalent of a farming homestead. That belief created value. It created an entire economy. It made a few people stupendously rich. The problem is valuations based solely upon belief have no foundation. The holy trinity of any economy is Asset, Product and Service. At a basic level, these boil down to Land, Food and Sex. These have always been the bedrock commodities of human societies because they ALWAYS have value. They are the basics that make life and society function. Their price can fluctuate, but they never go to zero. Even in a war-torn society where everything has broken down, people assert ownership of territory, trade with food, and can even buy sex with either.

Modern money theory and Keynsian economics are wrong because they assume price and value are purely subjective. That there is nothing backing it up but belief. This is not true. Belief is powerful, but belief is a product of the human mind, and the human mind is fickle. Especially at the group level.

But what do I know. I am just an idiot history major. I honestly made an effort to understand all the complicated math of the economics majors as my electives. My focus was Financial History. It was like trying to talk to space aliens. The moment I said "all things being equal" made no sense because nothing is ever equal, and that none of these formulas allowed for human idiocy, I realized I was in the wrong class.

But I do know one thing. Everytime human society has tried to divorce value from the fundamentals disaster has followed. Every time. The terrifying thing this time is this if the first time the fundamental divorce is global. Not even the panic of 1873 or the Great Depression holds a candle to what I am seeing. The entire planet is betting on Tulips. I don't understand the math. But the history is terrifying.
Click to expand...
Somtimes if fate wills your demise, you can prevent it. But to willing walk towards your own demise, one is too stupid to live and deserves to die. I know I'm autistic and retarded, but how hard is it for people to understand retardation about debt?

Marx is right about one thing:
Religion is the sigh of the oppressed creature, the heart of a heartless world, and the soul of soulless conditions. It is the opium of the people.
Click to expand...
The god is the state, nothing above, nothing without, everything within.
 
  • Thunk-Provoking
  • Feels
Reactions: Autistic Joe and TheRedChair
mindlessobserver said:
Belief is a powerful thing. Very powerful. It convinced a bunch of otherwise sensible dutch merchants some fucking flower tubers were worth the equivalent of a farming homestead. That belief created value. It created an entire economy. It made a few people stupendously rich. The problem is valuations based solely upon belief have no foundation. The holy trinity of any economy is Asset, Product and Service. At a basic level, these boil down to Land, Food and Sex. These have always been the bedrock commodities of human societies because they ALWAYS have value. They are the basics that make life and society function. Their price can fluctuate, but they never go to zero. Even in a war-torn society where everything has broken down, people assert ownership of territory, trade with food, and can even buy sex with either.

Modern money theory and Keynsian economics are wrong because they assume price and value are purely subjective. That there is nothing backing it up but belief. This is not true. Belief is powerful, but belief is a product of the human mind, and the human mind is fickle. Especially at the group level.

But what do I know. I am just an idiot history major. I honestly made an effort to understand all the complicated math of the economics majors as my electives. My focus was Financial History. It was like trying to talk to space aliens. The moment I said "all things being equal" made no sense because nothing is ever equal, and that none of these formulas allowed for human idiocy, I realized I was in the wrong class.

But I do know one thing. Everytime human society has tried to divorce value from the fundamentals disaster has followed. Every time. The terrifying thing this time is this if the first time the fundamental divorce is global. Not even the panic of 1873 or the Great Depression holds a candle to what I am seeing. The entire planet is betting on Tulips. I don't understand the math. But the history is terrifying.
Click to expand...
I mean, I have to disagree here. Bitcoin is objectively more useful than sex. Bitcoin is strong today, it will always be strong. The time to buy bitcoin is NOW. When we're in a war torn society, who is going to want to have sex compared to the people who want bitcoin? How about food? How about land? In all cases bitcoin is stronger. Now in Iraq people are buying bitcoin to get away from the unstable country. If Saddam Hussein had bitcoin the Iraq war would've never happened. I think a lot of conflicts in human history could've been avoided if people were just a bit richer. Bitcoin is a source of wealth, this source of wealth will be always creating more wealth because there will always be a demand for it. If Russians had just bought enough bitcoin in 2011 there would be no need for this war now.

Modern monetary theory is incorrect because they didn't take into account bitcoin. So basically, you're wrong. Instead of getting a major in history maybe you should've worked as a package handler and invested all your money into bitcoin.
 
  • Lunacy
  • Dumb
  • Thunk-Provoking
Reactions: Autistic Joe, The Foxtrot, Doc Cassidy and 12 others
Looks like a court case in the 5th circuit court of appeals just got interesting, might gut the SEC properly and force Congress to do its job (Hint: They wont):
The SEC brought an enforcement action within the agency against Petitioners for securities fraud. An SEC administrative law judge adjudged Petitioners liable and ordered various remedies, and the SEC affirmed on appeal over several constitutional arguments that Petitioners raised. Petitioners raise those same arguments before this court. We hold that: (1) the SEC’s in-house adjudication of Petitioners’ case violated their Seventh Amendment right to a jury trial; (2) Congress unconstitutionally delegated legislative power to the SEC by failing to provide an intelligible principle by which the SEC would exercise the delegated power, in violation of Article I’s vesting of “all” legislative power in Congress; and (3) statutory removal restrictions on SEC ALJs violate the Take Care Clause of Article II. Because the agency proceedings below were unconstitutional, we GRANT the petition for review, VACATE the decision of the SEC, and REMAND for further proceedings consistent with this opinion.
Click to expand...
 

Attachments

  • Like
  • Thunk-Provoking
  • Informative
Reactions: Autistic Joe, Polock, mindlessobserver and 1 other person
Samson Pumpkin Jr. said:
With rising inflation it will be a good idea to take out 500k in loans then pay them off super easy when inflation hits. Of course you should your 500k to buy bitcoin
Click to expand...
Also uncollatorized loans like Credit Cards are adjustable. If inflation and interest rates spike, the Banks will spike their interest charges too.

the only two ways to prepare for an inflation and interest rate surge is to buy hard assets like Precious Metals, or Land with cash (Like Bill Gates did) or secure fixed rate loans via collateral. Such as what you can get for a home mortgage, car loan, or even a pawn shop. But you should have done that last year. It's too late now.
 
  • Agree
  • Informative
Reactions: Autistic Joe, Cyber Floyd and Colloid
mindlessobserver said:
Also uncollatorized loans like Credit Cards are adjustable. If inflation and interest rates spike, the Banks will spike their interest charges too.

the only two ways to prepare for an inflation and interest rate surge is to buy hard assets like Precious Metals, or Land with cash (Like Bill Gates did) or secure fixed rate loans via collateral. Such as what you can get for a home mortgage, car loan, or even a pawn shop. But you should have done that last year. It's too late now.
Click to expand...
So is there anything you can do other than stockpiling ammo and rations if you were unlucky like my ass?
 
mindlessobserver said:
But you should have done that last year. It's too late now.
Click to expand...
If I'm reading things right, we're in the absolute worst phase of getting a home mortgage since the housing prices haven't totally sank yet but the mortgage rates are much higher.
兄貴 Forevermore said:
So is there anything you can do other than stockpiling ammo and rations if you were unlucky like my ass?
Click to expand...
Buy gold and silver. The price of gold probably won't fluctuate much more than 10% and price of silver not much more than 20%. I would wait to see a sudden tumble in the market like the other week when silver was down around $20 and gold was around $1,800. These are temporary dips but great times to buy in. Note that buying in now is actually better than buying in over the past year given the prices.

Only other option is buying crypto and hoping the line goes up enough so you can trade it in for gold and silver. Just remember that gold, followed by silver, will be by far the most stable assets in the next few years while crypto will never be a stable asset.
 
  • Agree
  • Like
Reactions: Autistic Joe, AnonAutismo, Colloid and 3 others
Save the Loli said:
If I'm reading things right, we're in the absolute worst phase of getting a home mortgage since the housing prices haven't totally sank yet but the mortgage rates are much higher.

Buy gold and silver.
Click to expand...
Also add ammunition and rations if you're in the "we are 10/10 fucked" group in a country that allows, although for right now it's a little too late since the obligatory mid-term election shootings have begun according to the media for the US, and the day of the rake is fast approaching. But then again, best day to do that was yesterday. The second best is now.

Oh, and maybe some training/accreditation stuff if it helps your survival/career skills, since at least most of the costs will go up sooner or later and I don't think most of them have raised prices since 2019 (at least where I am).
 
  • Agree
Reactions: Autistic Joe and Johnny Clyde Cash
  • Informative
Reactions: Autistic Joe, Articuno4, Lorne Armstrong and 1 other person
  • Agree
Reactions: Autistic Joe and Captain Hastings Official
You must log in or register to reply here.
Back