The Greatest depression is coming, are you ready?

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ZNP

ZNP

Well-known member
#221
Sep 14, 2020
36,575
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113
#221
Give Biden some credit.

He said it would cost you.

Inflation Costing Average American Family $11,500 This Year

Remember at the end of the year when Trump was president and you had an extra $11,500 you didn't know what to do with? Well now you know what to do with it. Also get these lawn signs while you can "Biden/Harris 2024" nothing says "I got money to burn" like a Biden/Harris 2024 lawn sign.

https://www.theepochtimes.com/infla...utm_source=partner&utm_campaign=BonginoReport
 
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persistent

Guest
#224
#224
ZNP said:
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Yen dropped further next day to 143.
What Is a Black Swan?
A black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences.


Black swan events are characterized by their extreme rarity, severe impact, and the widespread insistence they were obvious in hindsight.
 
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persistent

Guest
#227
#227
ZNP said:
My understanding is that it will be Japan and Germany that are the first to fall as the world's economy collapses.
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How it all plays out is ??? to me. However, dominoes come to mind. Lebanon and Sri Lanka are collapsed. Germany is the big guy in EU. Could go from bottoms up. The quick drop on the Pound seems significant. I always watch Kitco here https://www.kitco.com/
Euro and dollar almost same for over a month only lost 5% this week?
 
ZNP

ZNP

Well-known member
#228
Sep 14, 2020
36,575
6,693
113
#228
persistent said:
How it all plays out is ??? to me. However, dominoes come to mind. Lebanon and Sri Lanka are collapsed. Germany is the big guy in EU. Could go from bottoms up. The quick drop on the Pound seems significant. I always watch Kitco here https://www.kitco.com/
Euro and dollar almost same for over a month only lost 5% this week?
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The dollar is becoming stronger relative to all the other collapsing currencies like the Yen.

This is why the rest of the currencies will fall and collapse.

Jesus said "the poor you will always have with you". Sri Lanka and Lebanon are not the reason the world's economy will collapse. Germany and Japan, those are pillars, if those economies fall the entire building falls.

However, it is all relative as all the Belt and Road initiative countries collapse (like Sri Lanka) then they default on their debt to China. This is at the same time that China is suffering negative growth in GDP! Anyone who understands China knows they were growing around 5% a year and they needed to grow at 5% a year to avoid any crisis. Negative growth is catastrophic for them and so you can see why they are locking down cities and letting people starve to death in their apartments.

So we are seeing chaos and upheaval all over the world from inflation, from famine, from China's real estate bubble being popped, from the war in Ukraine, from supply chain issues. But as bad as all that is the world could hit bottom in a year or a year and a half. However, I am anticipating a massive event taking place that will completely change that equation. Hope will flee.
 
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persistent

Guest
#229
#229
ZNP said:
The dollar is becoming stronger relative to all the other collapsing currencies like the Yen.

This is why the rest of the currencies will fall and collapse.

Jesus said "the poor you will always have with you". Sri Lanka and Lebanon are not the reason the world's economy will collapse. Germany and Japan, those are pillars, if those economies fall the entire building falls.

However, it is all relative as all the Belt and Road initiative countries collapse (like Sri Lanka) then they default on their debt to China. This is at the same time that China is suffering negative growth in GDP! Anyone who understands China knows they were growing around 5% a year and they needed to grow at 5% a year to avoid any crisis. Negative growth is catastrophic for them and so you can see why they are locking down cities and letting people starve to death in their apartments.

So we are seeing chaos and upheaval all over the world from inflation, from famine, from China's real estate bubble being popped, from the war in Ukraine, from supply chain issues. But as bad as all that is the world could hit bottom in a year or a year and a half. However, I am anticipating a massive event taking place that will completely change that equation. Hope will flee.
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I get your take. There was a story early today criticizing Yellens' responses to inflation. What I was suggesting is that the dominoes all falling and some, maybe Summers, maybe Yellen behind closed doors stuff thinking there is time to intervene. I haven't watched the China property market closely it has been threatening collapse for more than a month I believe. They had a fairly big bailout just recently it seems. So what if this turns out to be a realignment. China is bucking IMF or World Bank and want to show their strength?
 
ZNP

ZNP

Well-known member
#230
Sep 14, 2020
36,575
6,693
113
#230
persistent said:
I get your take. There was a story early today criticizing Yellens' responses to inflation. What I was suggesting is that the dominoes all falling and some, maybe Summers, maybe Yellen behind closed doors stuff thinking there is time to intervene. I haven't watched the China property market closely it has been threatening collapse for more than a month I believe. They had a fairly big bailout just recently it seems. So what if this turns out to be a realignment. China is bucking IMF or World Bank and want to show their strength?
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I think it is too late. Elul 29 was yesterday, that was the day we would see financial collapse. However, since it was on a Saturday you don't see it in the markets. But look at Iran and you can see it, look at Japan and you can see it. Germany and UK can see it. Sri Lanka of course sees it. All of the projections on the world's harvest are being revised downwards, they can see it. The situation in Ukraine is getting worse, not better, they can see it.

Here is the very sick truth, the people who die this winter will be the elderly, they will freeze to death, they will starve to death, they will be hit with pestilence. As the elderly die the financial situation of companies with pension plans and governments with social security will all get better.

We saw the situation with unfunded liabilities getting worse and worse, well this is the solution. You can't just not pay these retirement accounts because then the workers will stop working. So instead you stop growing food by outlawing fertilizer causing shortages, you outlaw fossil fuel even though you don't have anything to replace it with and let people freeze, and you manufacture deadly viruses and even deadlier "cures".

The great reset is where we wipe the slate clean, get rid of all the debts on the books and that for the most part is the elderly.
 
ZNP

ZNP

Well-known member
#231
Sep 14, 2020
36,575
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#231
These people argued that they have the right to be "pro choice" meaning they would kill their own baby if they wanted. Maybe they would be able to get that degree without the baby, or that job, or keep partying, or whatever. Do you really think that people who would justify killing their own baby will have a problem with killing the elderly who are not related to them so that they don't have to pay for them?

After they have killed the elderly, what about the unemployed?

This is what Hitler did to the Jews. The first ones gassed were the elderly and mentally handicapped. God said as you have done it will be done unto you.
 
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persistent

Guest
#232
#232
ZNP said:
I think it is too late. Elul 29 was yesterday, that was the day we would see financial collapse. However, since it was on a Saturday you don't see it in the markets. But look at Iran and you can see it, look at Japan and you can see it. Germany and UK can see it. Sri Lanka of course sees it. All of the projections on the world's harvest are being revised downwards, they can see it. The situation in Ukraine is getting worse, not better, they can see it.

Here is the very sick truth, the people who die this winter will be the elderly, they will freeze to death, they will starve to death, they will be hit with pestilence. As the elderly die the financial situation of companies with pension plans and governments with social security will all get better.
We saw the situation with unfunded liabilities getting worse and worse, well this is the solution. You can't just not pay these retirement accounts because then the workers will stop working. So instead you stop growing food by outlawing fertilizer causing shortages, you outlaw fossil fuel even though you don't have anything to replace it with and let people freeze, and you manufacture deadly viruses and even deadlier "cures".

The great reset is where we wipe the slate clean, get rid of all the debts on the books and that for the most part is the elderly.
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Many of the young die too. And if they survive they are often severely debilitated. All nations but G7 not as bad? But another thought is the microchip fiasco as TSMC is one of the big boys and it looks like Samsung is already invested in US? Fuel & fertilizer go hand in hand and MBS & Biden fist bump may have been sign that human rights are no biggie (Kassogi). Cull the herd just keep the oil flowing. Jamie Diamond says so? All debt is the next generations concern. Right now the king is squeezing all the sponges and when they run dry then a reset?
 
ZNP

ZNP

Well-known member
#233
Sep 14, 2020
36,575
6,693
113
#233
persistent said:
Many of the young die too. And if they survive they are often severely debilitated. All nations but G7 not as bad? But another thought is the microchip fiasco as TSMC is one of the big boys and it looks like Samsung is already invested in US? Fuel & fertilizer go hand in hand and MBS & Biden fist bump may have been sign that human rights are no biggie (Kassogi). Cull the herd just keep the oil flowing. Jamie Diamond says so? All debt is the next generations concern. Right now the king is squeezing all the sponges and when they run dry then a reset?
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Well they will be able to replace 50% of the workforce right now with robots and AI. So obviously we don't need to pay to educate 50% of these kids. By the time a kid had graduated from college we'll be able to replace 90% of the workforce. They have already said they feel that 7.5 billion people are "useless eaters".
 
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persistent

Guest
#234
#234
ZNP said:
Well they will be able to replace 50% of the workforce right now with robots and AI. So obviously we don't need to pay to educate 50% of these kids. By the time a kid had graduated from college we'll be able to replace 90% of the workforce. They have already said they feel that 7.5 billion people are "useless eaters".
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I don't know that any of us have total insight into all the future holds but maybe this scripture applies. The devil truly is in the details. BUT and big BUT here, God is Sovereign!!!

“Therefore rejoice, ye heavens, and ye that dwell in them. Woe to the inhabiters of the earth and of the sea! for the devil is come down unto you, having great wrath, because he knoweth that he hath but a short time. And the dragon was wroth with the woman, and went to make war with the remnant of her seed, which keep the commandments of God, and have the testimony of Jesus Christ.”
‭‭Revelation‬ ‭12:12, 17‬ ‭KJV‬‬
 
ZNP

ZNP

Well-known member
#235
Sep 14, 2020
36,575
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#235
29th of Elul -- began at sunset and goes till sunset tomorrow.

We were looking for a stock market crash on the 29th of Elul. It looks like the new moon sliver will not be visible till sunset the 27th which moves the 29th of Elul to Monday.
 
ZNP

ZNP

Well-known member
#236
Sep 14, 2020
36,575
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#236
Let's hear it for the American taxpayer!

The Fed is bailing out the stock market with $9 trillion in bailouts. I think I am speaking for all the super wealthy and elites, they are so thankful to you for this bailout. You are sacrificing your future, your kids future and your grandkids future to help some of the neediest billionaires and multi millionaires. Wow! What a big heart you have! Are you worried about your mortgage, or heating your house, or putting food on the table? Nope, $9 trillion to help the super wealthy move money out of the market to something safer.
 
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persistent

Guest
#237
#237
ZNP said:
Let's hear it for the American taxpayer!

The Fed is bailing out the stock market with $9 trillion in bailouts. I think I am speaking for all the super wealthy and elites, they are so thankful to you for this bailout. You are sacrificing your future, your kids future and your grandkids future to help some of the neediest billionaires and multi millionaires. Wow! What a big heart you have! Are you worried about your mortgage, or heating your house, or putting food on the table? Nope, $9 trillion to help the super wealthy move money out of the market to something safer.
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Just checked my blood pressure 145over80....I'm good
 
ZNP

ZNP

Well-known member
#238
Sep 14, 2020
36,575
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113
#238
Another person seeing the Great Depression

 
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persistent

Guest
#239
#239
ZNP said:
Another person seeing the Great Depression

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They're rioting in Africa. They're starving in Spain.
There's hurricanes in Florida and Texas needs rain.
The whole world is festering with unhappy souls.
The French hate the Germans. The Germans hate the Poles.
Italians hate Yugoslavs. South Africans hate the Dutch.
And I don't like anybody very much!
But we can be tranquil and thankful and proud
For man's been endowed with a mushroom shaped cloud.
And we know for certain that some lovely day
Someone will set the spark off and we will all be blown away.
They're rioting in Africa. There's strife in Iran.
What nature doesn't do to us will be done by our fellow man.

Songwriters: Sheldon Harnick. For non-commercial use only.
 
ZNP

ZNP

Well-known member
#240
Sep 14, 2020
36,575
6,693
113
#240
Just so everyone understands what just happened. Britain was in the verge of a total meltdown of their currency and so the central bank of London stepped in to buy the bonds by printing money.

The reason no one is buying the bonds is because the US is raising interest rates so you get a higher rated bond at a higher interest rate. Britain doesn't want to pay higher interest rates for many reasons so instead they print money to buy the bonds causing the inflation rate in Britain to go up. When inflation goes up no one wants your bonds because your interest rate is lower than the inflation rate. In other words the British pound is collapsing due to inflation and Britain just poured gasoline on the inflation fire. But wait, there is more. The main driver in the inflation for the UK is the price of natural gas especially as we now enter the winter. Imagine what the sabotage on the Nordstream 1 and 2 is going to do to their inflation.

What is happening in the UK is also happening in Germany and Japan.
 
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