Global Depression 2022 - Time to do the Breadline Boogaloo!

[mindlessobserver]

They're playing with nuclear fire.

Yes, but they think they are so smart. The smartest guys in the room

 

[z0mb0]

They're betting everything, including their lives, on being able to control such chaos. Final result should be fun. Just remember that no matter your status in this world you can't get off Mr. Bones' ride.

It's a bet they cant win though. the fucked part is i truly think that theyll largely be fine through the worst. it wont work but being warlords better than eaten by one.

 

[Shadfan666xxx000]

It's a bet they cant win though. the fucked part is i truly think that theyll largely be fine through the worst. it wont work but being warlords better than eaten by one.

More like a warlord's assistant. You need charisma and personal connections to the people you lead in order to do that kind of thing successfully and to keep it. It's why you ultimately saw roman nobles end up as clerks and advisors to germanic barbarians and Heian-era nobility simply become obscure around the Genpei War. Gentility by its nature must make way for more brutish forces if the system around it collapses.

 

[Zbk3VmLfujjzjxBd43tL]

They're playing with nuclear fire.

They know and don't care, that's why they don't care when NATO does shit that deliberately provokes Russia. My guess is the global elite will never, ever lose power without a nuclear war (which they will provoke and escalate). I'd expect they'd also release all sorts of nasty bioweapons if it looked like they were being overthrown. We'd probably lose about 90-95% of the world population and unleash a few centuries-long dark age in our quest to be free of these parasites which ironically fulfills their goal of population control.

More like a warlord's assistant. You need charisma and personal connections to the people you lead in order to do that kind of thing successfully and to keep it. It's why you ultimately saw roman nobles end up as clerks and advisors to germanic barbarians and Heian-era nobility simply become obscure around the Genpei War. Gentility by its nature must make way for more brutish forces if the system around it collapses.

Yeah, but these people have no skills aside from being university educated managerial types. That's what almost all of these children of elites are. They get by on the strength of institutions and daddy's money. Someone like Soros, Kissinger, or Gates are smart, ruthless power players who clawed their way out of the sea of generic wealthy people to get to the top of the world. Their successors won't be, so they need to find them.

It's kind of like how the Rothschilds these days mostly just sit back and hand their associates money to run the world for them since the smartest and most clever Rothschilds have been dead for over a century. Same thing with the Rockefellers these days. Very little separates these people from Whitey McWhiteman and his college education and experience at management.

 

[Simple Moving Average]

WallStForMainSt covers the topic of the Fed raising Interest Rates 3 times during 2022

He speculates that the assets that break will be:

• Home prices - loans and refinancing will be most affected, this will then affect the Governments tax revenue via lower capital gains tax and property taxes.
• Asset Markets - hedgefunds and investment banks who have overleveraged bond trades and borrowed money for investments.
• The dollar Index - foreign banks and firms who bet against currencies could experience a blow up with margin calls.

It's due to these reasons he doubts there will be any Fed rate hikes during 2022, which I agree with. The Fed has said they will hike rates multiple times but they know the damage it will cause so they continue to "kick the can down the road" until the entire system will break.

For people who want this topic covered more extensively in an easy to understand format, I'd recommend George Gammon's recent video on the same topic.

George believes the stock market will be most affected due to QE and rate hikes.

In more general news pertinent to the thread, George released a video earlier on the World's most accurate economic indicator predicting Global Financial Crisis 2.0

He covered the recent yield curve inversion when comparing 10 year treasury bonds to 2 year treasury bonds, which has a 90% historical record of preceding a financial crisis. He also points out there was another yield curve in the Eurodollar Futures Market, for people unsure of this form of trade there will be a quote and link below.

An Introduction to Trading Eurodollar Futures

The deep level of liquidity and long-term trending qualities of the eurodollar futures market present opportunities for small and large traders alike.

www.investopedia.com

According to George and his sources, the EuroDollar yield curve is even more accurate at predicting recessions than the Treasury Bond yield curve, which would be over 90%. The data he sees is predicting a recession or global depression beginning in 2023 and continuing into at least 2026, according to the yield curve.

He also looks at the recent bust of real estate giants Evergrande and Fantasia in China, where real estate accounts for 20% of China's GDP. He believes this will create a dollar crisis, as China will hoard it's dollars and spend less in international trade importing goods and raw resources. This will devastate emerging markets who are tied to China, as 60% of global trade is settled in US Dollars and most debts are settled in dollars.

On the mark in re subject matter but a bit too panicky for me

An update on the Lebanese and Afghani economies. Both have collapsed and large numbers of their populations are fleeing for other countries:
‘No looking back’: As economy crumbles, Lebanese turn to Cyprus
The United Nations says Afghanistan's economy is collapsing 'before our eyes'
Afghans Push Through Snowy Alps Toward New Lives in Europe
Afghan currency slides and prices surge as already battered economy worsens

France is shutting down several nuclear facilities for the winter and it is projected to have a profound impact on their ability to provide electricity:
Europe Faces Dire Winter as Nuclear Outages Deepen Energy Crunch
ICYMI - Électricité de France is taking 4 nuclear reactors offline next month

And finally... I was wondering why Egypt's economy was doing so well compared to the economies around it, which are all collapsing. I found this:
The Egyptian economy is in danger and people cannot eat, says ex-media CEO



I'm not going to quote the full article, but I found it an interesting read.

Edit: I forgot that I grabbed this. OCC takes step toward pressure on large banks to reveal climate-change risks

Where's my winner rating?

Will get back to you soon BTW

 

[Kujo Jotaro]

My guess is the global elite will never, ever lose power without a nuclear war

They're literally watching it slip from their grasp in real time; their insistence on trying to start shit with Russia and China tells you everything you need to know about their confidence in retaining power.

 

[contradiction of terns]

On the mark in re subject matter but a bit too panicky for me



Where's my winner rating?

Will get back to you soon BTW

Take care of yourself, fren. I'll be here.

 

[tehpope]

There is a ray of light, as I see it.

While everyone is either too preoccupied to come up for air and see what is going on, or too delusional about the state of the economy to believe it, it leaves opportunity for those who can see the future. More millionaires were created as a result of the Great Depression than in any other period in American history.

I have moved on from my screaming from the rooftops to friends, family, acquaintances, coworkers, about the shit going down and now I am in self-preservation and wealth generation mode. Also gearing up for another decade of friends whining at me about how "lucky" I am.

So what should one do to make sure they get on this train? I already invest in stocks, crypto, and have a small cache of silver.

 

[mindlessobserver]

So what should one do to make sure they get on this train? I already invest in stocks, crypto, and have a small cache of silver.

Hard assets are the stuff. Land, Gold, Silver etc. Stuffs with real value. Crypto is nice but when the dump happens they will dump too. Cryptos real value will come in the recovery phase, not the pre crash phase. Right now it's good for taking advantage of the mania, but all of that should be with am eye towards preparing.

I am not a financial advisor, just a doomer. That said I've been using crypto pumps to secure a fixed rate mortgage on a property in a rural area, buy silver, buy a gun and ammo, a dog, etc.

After the crash besides crypto I would buy as much Amazon and Coinbase stock as you can. It what I am gonna do anyway.

 

[jje100010001]

A controlled societal collapse. What arrogance.

The insanity of it is that a lot of the problems were caused by these same people in the first place, many of the issues the US faces could easily have been fixed ages ago if they didn't insist on having their hand on the tiller.

Of course, whether or not this was intentional or not will always be a perennial topic of debate.

 

[contradiction of terns]

Pakistan's economy has also collapsed and the government is lying about it al la Egypt.

Pakistan has gone bankrupt, govt deceiving people, says former tax chief Shabbar Zaidi

The former chief of Pakistan’s tax agency, Shabbar Zaidi, has said that the Islamist nation has gone bankrupt and that the government had been lying about the country's prosperity.

Speaking on Pakistan's economic condition at Hamdard University on Wednesday, the former chairman of the Federal Board of Revenue said that the country was not in a state of “going concern” — an accounting terminology referring to a business that is operating and making a profit.

“We keep saying that everything is good, the country is running well, we have achieved great success and we brought tabdeeli (change) but this is wrong. In my view, the country is, at the moment, bankrupt and not a going concern.”

“It is better if you decide first that we have reached bankruptcy and we have to move forward compared to saying everything is running well and I will do this and that. These are all things to deceive the people,” Zaidi said.

A video clip of his speech had gone viral on social media.

 

[mindlessobserver]

The insanity of it is that a lot of the problems were caused by these same people in the first place, many of the issues the US faces could easily have been fixed ages ago if they didn't insist on having their hand on the tiller.

Of course, whether or not this was intentional or not will always be a perennial topic of debate.

They should have let the banks fail in 2008. It would have hurt. The very foundations of our society would have shaken.

But in 2008 we were still relatively united. We would have pulled through. Needed reforms would have been made, and those responsible would have been hung from trees. But we would have gotten through it.

Instead they unleashed a monster. Massive over leveraging of debt and fiat to paper over the disaster, combined with ruthless divide and conquer political strategies to misdirect the idiot masses rage. All this did was shatter social cohesion while also exponentially increasing the size of the economic bubble and its attached exposure.

The scale of the social and economic disaster we are now facing cannot be understated. Our fearless leaders made a bargain with the devil himself for more time in 2008. In their arrogance they assumed they were smart enough to outplay him. They were fools, and you can feel the fear dripping off of them as they realize time is running out.

The only problem is they are taking all of us down with them. God damn them.

 

[jje100010001]

They should have let the banks fail in 2008. It would have hurt. The very foundations of our society would have shaken.

But in 2008 we were still relatively united. We would have pulled through. Needed reforms would have been made, and those responsible would have been hung from trees. But we would have gotten through it.

Instead they unleashed a monster. Massive over leveraging of debt and fiat to paper over the disaster, combined with ruthless divide and conquer political strategies to misdirect the idiot masses rage. All this did was shatter social cohesion while also exponentially increasing the size of the economic bubble and its attached exposure.

The scale of the social and economic disaster we are now facing cannot be understated. Our fearless leaders made a bargain with the devil himself for more time in 2008. In their arrogance they assumed they were smart enough to outplay him. They were fools, and you can feel the fear dripping off of them as they realize time is running out.

The only problem is they are taking all of us down with them. God damn them.

TBH, I think it's not some aberration that set us down the wrong path, but an an understandable trajectory of governance and society's increasing fear of 'bitter medicine' (which is the equivalent of 'bad PR' for governments/corporations); the COVID response is a further affirmation and development of that.

The power players simply found modern Western democracy's weak points, and refined their meta.

 

[mindlessobserver]

TBH, I think it's not some aberration that set us down the wrong path, but an an understandable trajectory of governance and society's increasing fear of 'bitter medicine' (which is the equivalent of 'bad PR' for governments/corporations); the COVID response is a further affirmation and development of that.

The power players simply found modern Western democracy's weak points, and refined their meta.

They didn't want to face any consequences. I am old enough to remember 2008 vividly. The entire financial class had lost EVERYTHING on their overly securitized debt market and they had the political class ba them out on the back of the working class.

And then they had the brass tacks to turn around and say that they did it all for us, the people! The problem is they didn't actually fix the problem. The asset bubble wanted to pop in 2008 and instead they "fixed" the issue by putting an even bigger asset bubble around it.

 

[Kujo Jotaro]

The deindustrialization of the west, and specifically the United States is (at least in my opinion) potentially even more disastrous than the fiat ponzi. Fiat ponzi's are nothing new, they come and go like fads, and are relatively predictable. Never before, to my knowledge, has a formerly industrialized nation experienced the type of economic reckoning that is barreling towards us. Industry is what puts an economy on the map, a bunch of useless paperpushers and hospitality workers contribute almost nothing to a fledgling economy. We have almost no capacity for industry at this point, we're literally going to be starting from scratch.

 

[z0mb0]

So what should one do to make sure they get on this train? I already invest in stocks, crypto, and have a small cache of silver.

don't get on the train with bankers fren if they fuck up on this scale that train cars on a hollocoster.


jokes aside i went with land and hard assets at the start of the shit show and while if i left it in crypto id be loaded having a decent amount of distance between you and other people and the shit i put into to make my own cozy little great khans base still seems the better investment.

 

[MadStan]

If the world does implode financially; I'll tell you the last thing you want is crypto.

People love crypto ONLY because as it is speculated to the moon they can trade out for something they can actually use - USD.

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".

Cash is always king in a crash. Always.

Load up on debt boys and girls. You'll borrow it at 4% and lose another 5% with inflation in 2022, but on the bright side in a flash sale, things go for much less than sticker price, so you'll end up.

Don't follow my advice. It sounds witty but is based on a childish idea of economics and has no use in the real world. You've been given my waiver.

 

[z0mb0]

If the world does implode financially; I'll tell you the last thing you want is crypto.

People love crypto ONLY because as it is speculated to the moon they can trade out for something they can actually use - USD.

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".

Cash is always king in a crash. Always.

Load up on debt boys and girls. You'll borrow it at 4% and lose another 5% with inflation in 2022, but on the bright side in a flash sale, things go for much less than sticker price, so you'll end up.

Don't follow my advice. It sounds witty but is based on a childish idea of economics and has no use in the real world. You've been given my waiver.

might as well take out massive loans and use the money to buy shit in your wifes/moms name. The cool thing about debt is the more you owe the less it's really your problem.

 

[Justa Grata Honoria]

Bank of Russia delivers another big rate hike to tame inflation

Russia’s central bank also left the door open to more interest rate hikes.

www.aljazeera.com

Russia hiked interest rate to 8 per cent

As Lira Implodes, Turkey Proposes Huge Fines For "Hoarding" | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Turkish lira implodes

Foreigners buy Turkish homes at record pace as lira slides

Turkish house sales to foreigners jumped nearly 50% to a record level in November, data showed on Tuesday, bringing in billions of dollars in foreign exchange as a lira slump made purchases significantly cheaper for those buying with hard currency.

www.reuters.com

While rich Iraqis and Iranians use the opportunity to buy a house

 

[XANA]

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.