Global Depression 2022 - Time to do the Breadline Boogaloo!

[moocow]

https://twitter.com/DEFCONWSALERTS/status/1546533033427103744

I'm sure this is nothing.
Nuclear preparedness is just something on everyone's minds, right?
Or maybe this is TPTB giving NY a warning to settle down or else?

https://twitter.com/AAhronheim/status/1546544085133135872

lol and of course comments on the YT video are disabled. Fucking pussies. Great ratio though:

 

[George Lucas]

If Trump was still president I believe we would be in an economic boom and U.S.A. and Russia would be friends.

 

[Puff]

If Trump was still president I believe we would be in an economic boom and U.S.A. and Russia would be friends.

It wouldn't be AS shit and the Ukraine/Russia war likely wouldn't be happening.
I'd guess $3-$3.50 a gallon gas and 6%-8% inflation instead of the shitshow now in the USA.
There would still be minor supply line disruptions due to labor being fucked up post-coof. There would still be excess inflation because of the handouts.
Overall it would be minorly shitty, not majorly like it is now.

 

[Maurice Caine]

It wouldn't be AS shit and the Ukraine/Russia war likely wouldn't be happening.
I'd guess $3-$3.50 a gallon gas and 6%-8% inflation instead of the shitshow now in the USA.
There would still be minor supply line disruptions due to labor being fucked up post-coof. There would still be excess inflation because of the handouts.
Overall it would be minorly shitty, not majorly like it is now.

Is it normal for the entire world to be shit though? People are saying the end is near and we're going to face a rough decade.

 

[George Lucas]

It wouldn't be AS shit and the Ukraine/Russia war likely wouldn't be happening.
I'd guess $3-$3.50 a gallon gas and 6%-8% inflation instead of the shitshow now in the USA.
There would still be minor supply line disruptions due to labor being fucked up post-coof. There would still be excess inflation because of the handouts.
Overall it would be minorly shitty, not majorly like it is now.

The shipping shit show is entirely because of Joseph Biden. Inflation would be more like 2.5% TOPS.

 

[Puff]

The shipping shit show is entirely because of Joseph Biden. Inflation would be more like 2.5% TOPS.

It's 3% in a good year. And there's a trucker shortage on top of the international shipping issues that are caused by Biden.

 

[George Lucas]

It's 3% in a good year. And there's a trucker shortage on top of the international shipping issues that are caused by Biden.

Are we talking real inflation or gay fake government inflation where they don’t count things people actually need like food and gas?

If the former than yes around 3% if Trump is in.

 

[Stasi]

Surprised no one has posted this yet. https://www.zerohedge.com/markets/p...ng-gold-market-using-bullion-banks-paper-gold

“Straws blowing in the wind are often said to presage great tempests and I believe that this chart shows just such a straw.“

“look at this chart and then go see your bullion trading counterparty and buy some gold. Then ask for your gold or silver or platinum or palladium or any other physical store of value and medium of exchange that you have acquired to protect you from the ravages of inflation.

For Inflation will surely engulf the world when the paper gold emperor’s clothes are seen for what they really are.

Vladimir Putin and Xi Jinping are among those who know the golden rule: “Whoever has the gold makes the rules”.

I think I mentioned this in another thread, I can't remember.

As part of a job I had to give some consulting/advice around the start of COVID lockdowns to a big dick investment banker. I won't go into what the consulting was but what he was doing is acquiring a vault to store gold bullion. Not as part of his banking job but as a personal investment. That made me a bit worried about where things are heading if a banker is asking about basically getting bunker to bury gold.

 

[Hippopatumus]

I think I mentioned this in another thread, I can't remember.

As part of a job I had to give some consulting/advice around the start of COVID lockdowns to a big dick investment banker. I won't go into what the consulting was but what he was doing is acquiring a vault to store gold bullion. Not as part of his banking job but as a personal investment. That made me a bit worried about where things are heading if a banker is asking about basically getting bunker to bury gold.

 

[TurkishOreo]

You hold your hand out and then they take and squander what you give them. Then they come back for more and you explain that you can't help them anymore because they got theirs and they wasted it. Then they chimp out and either attack you, or go try to ask someone else for gibs. I recounted it before in another thread, but there was this one time we had this lady who walked around dragging her little baby behind her. Skinned him up so badly he died and then she blamed us for the kid's death because we wouldn't give her gibs. We got reprimanded for it, and I decided this wasn't for me anymore and went back home. That kind of shit is burned into my memory.

What is your powerlevel?

I'm always interested in stories about people wanting to do good only for them to find out how stupid and worthless people are.

 

[Ancient Pioneer]

Is it normal for the entire world to be shit though? People are saying the end is near and we're going to face a rough decade.

The 2000s were a shit decade from one end to another. 2ks started off alright and by the end of 2001 the US was pink wojaking until 2013 or so when the absolute worst effects of the 2008 recession ended. This feels worse than the 2ks because the US economy is starting from a far worse position than it was in 20 years ago. Two decades of offshoring and looting will manifest itself quite potently.

 

[Maurice Caine]

The 2000s were a shit decade from one end to another. 2ks started off alright and by the end of 2001 the US was pink wojaking until 2013 or so when the absolute worst effects of the 2008 recession ended. This feels worse than the 2ks because the US economy is starting from a far worse position than it was in 20 years ago. Two decades of offshoring and looting will manifest itself quite potently.

Yeah but I'm not american so that didn't matter to me back then, That and I was a kid. The 2010s were better, like... you could go to the supermarket and buy a haul of quality goods for cheap, meanwhile these days everything is expensive and sucks. People weren't trying to kill each other all the time, it's like everyone's ticked off or something. I dunno.

 

[Meat Target]

T minus 10 days

Markets Plan Doomsday Scenarios If Russia Turns Off the Gas​

European stocks plunging 20%. Junk credit spreads widening past 2020 crisis levels. The euro sinking to just 90 cents.

The predictions are ominous for financial markets if Russia cuts off all the gas supply to Europe.

Shipments are currently running at reduced levels with the main pipeline shut for a 10-day maintenance, and fears are building over whether Moscow will turn the tap back on. Many investors are asking: How bad could this get?

To that question, strategists across Wall Street have tried to put numbers on a scenario that would be unthinkable in normal times. There are so many variables, such as the length of any shutdown, the extent of supply cuts, and how far countries would go to ration energy, that anyone’s prediction is a guess at best.

“The big unknown is how the shock that starts in Germany, Poland and other central European countries will reverberate throughout the rest of Europe and the world,” said Joachim Klement, head of strategy, accounting and sustainability at Liberum Capital. “There simply is no substitute available for Russian gas.”

In an analysis this week, UBS Group AG economists laid out a detailed vision of what they see happening if Russia halts gas deliveries to Europe. It would reduce corporate earnings by more than 15%. The market selloff would exceed 20% in the Stoxx 600 and the euro would drop to 90 cents. The rush for safe assets would drive benchmark German bund yields to 0%, they wrote.

“We stress that these projections should be seen as rough approximations and by no means as a worse-case scenario,” wrote Arend Kapteyn, chief economist at UBS. “We could easily conceive economic disruptions that lead to more negative growth outcomes.”

Markets are already pricing in some of the damage. The euro is at a two-decade low and on the brink of dollar parity. German stocks have lost 11% since June. German gas giant Uniper SE is the biggest corporate casualty, with the stock plunging 80% this year as it seeks a government bailout.

To be sure, many investors say there’s reason to believe Russia will turn gas supply back on when maintenance on the Nord Stream 1 pipeline ends on July 21. But, as UBS points out, if European countries start voluntary gas rationing to fill up on storage, the hit to economic growth will be severe.

“Europe is currently being caught in a vicious circle,” said Charles-Henry Monchau, chief investment officer at Banque Syz. Higher energy prices are hurting Europe’s economy, driving the euro lower. In turn, the weaker euro makes energy imports even more expensive, he said.

The other worry is that central banks won’t be able to do much to help the economy with inflation already running at decade-highs, said Prashant Agarwal, a portfolio manager at Pictet Asset Management.

“I am not sure central bank tools work in this scenario,” he said. “In the past, they had leeway to address the situation because inflation was low.”

 

[Irrational Exuberance]

T minus 10 days

Markets Plan Doomsday Scenarios If Russia Turns Off the Gas​

It's just 10-day maintenance - but you would have trouble if we need to keep pipes off for longer, da?

 

[George Lucas]

I’m retarded. How is oil and gas paid for in Russia from another country? Does it have to be paid in gold?

 

[Puff]

I’m retarded. How is oil and gas paid for in Russia from another country? Does it have to be paid in gold?

Ones and zeros mostly. Just bank transfers. It's mostly private to private sales here. We're not talking about governments doing commerce directly

 

[Knotty Satellite]

Ones and zeros mostly. Just bank transfers. It's mostly private to private sales here. We're not talking about governments doing commerce directly

Yep, and generally in euros or USD until recently. After Russia started running low on foreign currency they demanded a bunch of Europe pay in roubles instead. Poland and Bulgaria got cut off as a result iirc.

 

[Dr. Geronimo]

I just need to vent for a minute since I'm banned everywhere:

One of my wife's aunts told her that they're selling the family home for a reasonable price that we can afford, but has to go through the relatives that have a stake in the house first. Fucking great we're down.

2 months later and we've been pre approved for a loan and all that shit and she calls us up and tells her that a realtor can sell it for 20k more and the only way she can do it is if we talk my Mother in Law out of her share of the house. I'm fucking enraged right now that these cunts have the balls to try to use us.

 

[Lorne Armstrong]

I just need to vent for a minute since I'm banned everywhere:

One of my wife's aunts told her that they're selling the family home for a reasonable price that we can afford, but has to go through the relatives that have a stake in the house first. Fucking great we're down.

2 months later and we've been pre approved for a loan and all that shit and she calls us up and tells her that a realtor can sell it for 20k more and the only way she can do it is if we talk my Mother in Law out of her share of the house. I'm fucking enraged right now that these cunts have the balls to try to use us.

Remind them that going through a realtor means that the realtor takes a cut. Probably equals out to that $20k extra that the realtor says they can get for it. So going that way gains nothing and pisses off family. Not that they’ll listen to reason, but that’s what I’d tell them.

 

[mindlessobserver]

I just need to vent for a minute since I'm banned everywhere:

One of my wife's aunts told her that they're selling the family home for a reasonable price that we can afford, but has to go through the relatives that have a stake in the house first. Fucking great we're down.

2 months later and we've been pre approved for a loan and all that shit and she calls us up and tells her that a realtor can sell it for 20k more and the only way she can do it is if we talk my Mother in Law out of her share of the house. I'm fucking enraged right now that these cunts have the balls to try to use us.

Tell your aunt to take a running jump off a bridge, along with her realtor who is probably a personal friend or friend of a friend. Selling property held in common is complicated enough as is without changing the plan mid flight. If this realtor was so good she would have been involved at the start, not midway through the process.

If she doesn't see reason tell your wife to tell your aunt she will refuse to sell, and if the aunt insists she has to pay out your wifes share of the house in cash upfront.

If she is actually going to make a 20,000 dollar net increase she will do it because it let's her buy out your wife and then turn around and make the higher profit. If she is full of shit she won't pay.