The Greatest depression is coming, are you ready?

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Growth in most countries in the East Asia and the Pacific (EAP) region rebounded in the first half of 2022, but China lost momentum. In much of the region, domestic demand revived after the distress of the COVID-19 Delta wave. In China, the public health measures to contain outbreaks of the highly infectious Omicron variant inhibited consumption. Most of the region is projected to grow faster and have lower inflation in 2022 than other regions. Beyond the end of 2022, three factors could be a drag on growth: global deceleration, rising debt, and policy distortions. Current measures to contain inflation and debt are adding to existing distortions in the markets for food, fuel and finance in ways that could hurt growth. In each case, more efficient measures could address current difficulties without undermining longer-term objectives.
Citation
“World Bank. 2022. World Bank East Asia and Pacific Economic Update, October 2022 : Reforms for Recovery. Washington, DC : World Bank. © World Bank. https://openknowledge.worldbank.org/handle/10986/38053 License: CC BY 3.0 IGO.”
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Growth in most countries in the East Asia and the Pacific (EAP) region rebounded in the first half of 2022, but China lost momentum. In much of the region, domestic demand revived after the distress of the COVID-19 Delta wave. In China, the public health measures to contain outbreaks of the highly infectious Omicron variant inhibited consumption. Most of the region is projected to grow faster and have lower inflation in 2022 than other regions. Beyond the end of 2022, three factors could be a drag on growth: global deceleration, rising debt, and policy distortions. Current measures to contain inflation and debt are adding to existing distortions in the markets for food, fuel and finance in ways that could hurt growth. In each case, more efficient measures could address current difficulties without undermining longer-term objectives.
Citation
“World Bank. 2022. World Bank East Asia and Pacific Economic Update, October 2022 : Reforms for Recovery. Washington, DC : World Bank. © World Bank. https://openknowledge.worldbank.org/handle/10986/38053 License: CC BY 3.0 IGO.”
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ZNP

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You can always find people who will say anything. Simply pulling up something that someone said about the economy is idiotic. There are TV pundits that are paid to tell you to buy because their overlords are selling and vice versa.

The questions I have are what are their motives and what is their track record.

Based on that Burry and Cortez are the two people I trust more than anyone. Cortez was saying 9 months ago the market would fall and interest rates would climb. I sold out our IRA when it was close to the top of the market and we sold our house and closed weeks before interest rates began to climb.

Now Cortez is saying the US dollar will collapse. So I exchanged my cash to silver.

Or if you prefer you can also look at what the Worldbank says like persistent and do the opposite. That will also work.

If I tried to sell the house now I'd lose 120k and that is if I could even find a buyer. Likewise, if I sold the IRA now I would be down 30%. It is pointless to tell me what is going on if you don't give me six to nine months heads up to respond.
 
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You can always find people who will say anything. Simply pulling up something that someone said about the economy is idiotic. There are TV pundits that are paid to tell you to buy because their overlords are selling and vice versa.

The questions I have are what are their motives and what is their track record.

Based on that Burry and Cortez are the two people I trust more than anyone. Cortez was saying 9 months ago the market would fall and interest rates would climb. I sold out our IRA when it was close to the top of the market and we sold our house and closed weeks before interest rates began to climb.

Now Cortez is saying the US dollar will collapse. So I exchanged my cash to silver.

Or if you prefer you can also look at what the Worldbank says like persistent and do the opposite. That will also work.

If I tried to sell the house now I'd lose 120k and that is if I could even find a buyer. Likewise, if I sold the IRA now I would be down 30%. It is pointless to tell me what is going on if you don't give me six to nine months heads up to respond.
Maybe it's reading the tea leaves but it seems that World Bank is counting on East Asia Pacific region to divert a potential disaster. Jeremy Siegel, Wharton Professor, and Elon Musk critique of Janet Yellen sounding alarm? U.S./China power struggle over 'TSMC'. Maybe?
 

ZNP

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Maybe it's reading the tea leaves but it seems that World Bank is counting on East Asia Pacific region to divert a potential disaster. Jeremy Siegel, Wharton Professor, and Elon Musk critique of Janet Yellen sounding alarm? U.S./China power struggle over 'TSMC'. Maybe?
Cortez points out there are three "got to have" things that are showing 24% inflation year over year.

Gas
Utilities
Food.

That is putting 80% of Americans in a very tight bind. But for the rest of the world it is far more catastrophic.

What is Biden doing? They are raising interest rates which will put the brakes on inflation, but it will also put the brakes on the economy. Because the interest rates are rising so quickly banks are pulling their mortgage offers and having to recalculate. As a result it is shutting down the mortgage market. Rising interest rates impact car sales and house sales, the two engines to the US economy.

However for the rest of the world our rising interest rates are catastrophic. This is why England had to buy back their bonds yesterday to keep the pound from collapse. Japan is in the same situation.

If the "got to haves" are up 25% how do the 80% afford it? They stop buying all the non "got to haves". That is everything we import from China. As a result the GDP forecasts for China are negative, that is incredibly catastrophic and everyone knows it. Not only so but their real estate bubble has burst and there is a run on their banks. Likewise in Sri Lanka and ten to twelve other countries.

Two months ago it was possible to see a best case scenario being a quick resolution to the Ukraine conflict and the release of cheap fertilizer and fuel by this winter. Not anymore. With Nordstream 1 and 2 being sabotaged we know this war will continue through the winter and you can forget fertilizer for most of the world because they will need the fuel. The poor harvest we had this year which will put 70 million into famine will be worse next year. In addition there is no plausible way to see the Ukraine war not escalating.

We have come to the end of the Fiat currency of the US dollar. This is how it always ends with government printing money. The US, Britain and Japan are all printing money and Russia and China and Saudi Arabia are looking for a gold back security.
 
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Cortez points out there are three "got to have" things that are showing 24% inflation year over year.

Gas
Utilities
Food.

That is putting 80% of Americans in a very tight bind. But for the rest of the world it is far more catastrophic.

What is Biden doing? They are raising interest rates which will put the brakes on inflation, but it will also put the brakes on the economy. Because the interest rates are rising so quickly banks are pulling their mortgage offers and having to recalculate. As a result it is shutting down the mortgage market. Rising interest rates impact car sales and house sales, the two engines to the US economy.

However for the rest of the world our rising interest rates are catastrophic. This is why England had to buy back their bonds yesterday to keep the pound from collapse. Japan is in the same situation.

If the "got to haves" are up 25% how do the 80% afford it? They stop buying all the non "got to haves". That is everything we import from China. As a result the GDP forecasts for China are negative, that is incredibly catastrophic and everyone knows it. Not only so but their real estate bubble has burst and there is a run on their banks. Likewise in Sri Lanka and ten to twelve other countries.

Two months ago it was possible to see a best case scenario being a quick resolution to the Ukraine conflict and the release of cheap fertilizer and fuel by this winter. Not anymore. With Nordstream 1 and 2 being sabotaged we know this war will continue through the winter and you can forget fertilizer for most of the world because they will need the fuel. The poor harvest we had this year which will put 70 million into famine will be worse next year. In addition there is no plausible way to see the Ukraine war not escalating.

We have come to the end of the Fiat currency of the US dollar. This is how it always ends with government printing money. The US, Britain and Japan are all printing money and Russia and China and Saudi Arabia are looking for a gold back security.
I never do keep close track of all these things but your view seems accurate. My gut tells me that the back channels are always in play when it comes to these types of 'impasses' and politics is compromise and while the process takes time your projections may be reality. Yesterday report was IMF critical of British moves on currency and Pound recovered slightly overnight.
 

ZNP

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Sep 14, 2020
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I never do keep close track of all these things but your view seems accurate. My gut tells me that the back channels are always in play when it comes to these types of 'impasses' and politics is compromise and while the process takes time your projections may be reality. Yesterday report was IMF critical of British moves on currency and Pound recovered slightly overnight.
Bond yields rose today and so stocks are down because they are anticipating more interest rate hikes.

As long as these bond yields rise the collapse of the pound and yen becomes inevitable. As they collapse they have no option but to sell their bonds which will cause yields to rise more. If pound and Yen collapse so does the Deutsche Mark and ultimately the dollar.
 

ZNP

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To the victor go the spoils.

After WWII the US became the reserve currency for the world. Because of that we had unprecedented wealth. For many years we were the richest country in the world, we had the best industrial base of any country, we had the best research and development, the best education system in the world. So it should not be hard to imagine that other countries would like that. China would like to be in that position but it would destroy their entire economic model. If they knocked the US out of being a reserve currency they would also lose their biggest customer. Japan used to have a great industrial base until their currency became too strong.

Europe is also no good, they have become a socialist paradise.

So then I think we would be very foolish to think that there isn't someone out there that wants what the US has. In fact, instead of having the "de facto" world currency, they want one world currency. This is what we are told in the Bible. And with modern technology of RFID chips and digital currency they could wield much more power than any dictator in world history.

There are two ways to sell this, to the power hungry sociopaths just explain how this will give them all the power and put them in total control of the world. To the useful idiots sell it because it will reduce crime and fraud. What the idiots won't understand is that you are reducing crime by redefining it. The government will become the greatest crime family in history.

That is the prize, right now there is a future megalomaniac with his eye firmly on the prize. The good news is that this guy will probably appeal to less than 5% of the world's population. Therefore in order to seize power he will have to reduce world population, say through a plague, or better yet through a bioweapon he could inject into people. He can also use famine because when people are focused on feeding themselves they can't worry about other things. I would expect to see food processing plants sabotaged, set on fire or bombed. I would also expect to see fertilizer cut off to reduce the crop yields. Also if he could disrupt the supply chain that would be awesome, so many different things will begin to break and not be serviced. Also cut back on fuel. If people don't have enough food and fuel you will have massive inflation and then they must focus solely on surviving.

Also, divide and conquer. If you represent 4% of the population you can still win if you get 45% of the population fighting 45% of the population.

So even though we have seen the patents for a digital currency on an RFID chip, before they roll out this one world currency I'd expect to see all those other signs first.
 
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Cortes is saying pretty much what Siegel and now Musk are saying about Yellen. My take.......What was the supply chain disrupter? A bug or a bugaboo? If they really wanted to keep things moving they probably could have kept things moving. I never read Ayn Rand, but this all seems to have roots with her playbook. 1989 Japan was buying lots of property here as I understand. What was the MBS market like then just before that crash? I'm thinking out loud here. Alan Greenspan was supposedly an Ayn Rand devotee and the First Lady was supposedly consulting astrologers. Ayn with her 'Atlas Shrugged' advocated supply disruption though not on a world wide scale? I didn't catch whether Cortes mentioned the chip 'shortage' probably mfg. by TSMC needed to sell those vehicles and appliances and ? The 'Smart Home' needs chips too. Bill Gates and his cronies, Balmer maybe seem to be 'Smart Home' pushers. Seems Gates is buying ND. Why? 2008 the derivatives fiasco! Lehman and ?UBS? and did UBS back the guy that can declassify documents with his mind? To me this is a hydra that I can't track. Maybe this is just strange or ? https://www.businessinsider.com/photos-of-kim-jong-un-on-horseback-meaning-2019-10
 

iamsoandso

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Cortes is saying pretty much what Siegel and now Musk are saying about Yellen. My take.......What was the supply chain disrupter? A bug or a bugaboo? If they really wanted to keep things moving they probably could have kept things moving. I never read Ayn Rand, but this all seems to have roots with her playbook. 1989 Japan was buying lots of property here as I understand. What was the MBS market like then just before that crash? I'm thinking out loud here. Alan Greenspan was supposedly an Ayn Rand devotee and the First Lady was supposedly consulting astrologers. Ayn with her 'Atlas Shrugged' advocated supply disruption though not on a world wide scale? I didn't catch whether Cortes mentioned the chip 'shortage' probably mfg. by TSMC needed to sell those vehicles and appliances and ? The 'Smart Home' needs chips too. Bill Gates and his cronies, Balmer maybe seem to be 'Smart Home' pushers. Seems Gates is buying ND. Why? 2008 the derivatives fiasco! Lehman and ?UBS? and did UBS back the guy that can declassify documents with his mind? To me this is a hydra that I can't track. Maybe this is just strange or ? https://www.businessinsider.com/photos-of-kim-jong-un-on-horseback-meaning-2019-10

That's all left equals boogieman thinking,,,,turn it around and look at the far right and see who's buying up massive amounts of land and it will make more sense... https://www.dailymail.co.uk/news/ar...s-Dan-Wilks-buy-430-square-miles-Montana.html
 
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That's all left equals boogieman thinking,,,,turn it around and look at the far right and see who's buying up massive amounts of land and it will make more sense... https://www.dailymail.co.uk/news/ar...s-Dan-Wilks-buy-430-square-miles-Montana.html
Thnx for pointing out another head of hydra. This post may morph into something that is more in line with the conspiracy posts. My posts here at times are what I call 'Thinking Out Loud'(TOL). Whether there is actual merit is 'To Be Determined' (TBD). What the link you posted points to is something I may have come across in the not so distant past and wondered about the work that was being done, possibly in the area where the land purchases are which the link mentions. Interesting???!!! Follow the money is not so easy as the works that BIG money does is not always Front Page news. It does seem that there are projects undertaken by BIG money which are considered as benefiting EVERYBODY. And it may be there are projects undertaken by BIG money that are benefiting FEW. If history does repeat itself maybe refreshing our minds about antitrust of the late 19th and early 20th centuries may be of benefit. My little pea brain can't decipher the tea leaves. I don't get what you meant by "turn it around". POLITICS IS COMPROMISE!!!!!
 
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Insurance fraud expert warns Florida homeowners of vulnerability to scams post-Hurricane Ian
Craig Harris, USA TODAY - 2h ago

An expert on insurance fraud is warning Florida residents whose properties were damaged by Hurricane Ian to be careful of scams, especially from con
 

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Larry Summers warns that the risks building in the market look similar to the onset of the Great Financial Crisis as volatility in the UK threatens to spread globally
[email protected] (Matthew Fox) - Yesterday 1:51 PM
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ZNP

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We have a blended economy.

If the giant hedge funds make money it is a capitalist system where the big investors make money.

If the giant hedge fund like Lehman brothers loses money then it is a socialist system with the deplorable tax payers bailing them out.
 

yoriii

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2023 - Central Bank Digital Currency (CBDC) get released
2025 - Swift Financial System gets replaced
2027 - 10% GDP will be tokanized on blockchain
...but until that happens they need to eliminate the middle class and make everyone f***in poor.