The Greatest depression is coming, are you ready?

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ZNP

Well-known member
Sep 14, 2020
36,253
6,587
113
#21
ZNP, for someone who professes to be a Christian you exhibit more worrying and fretting than any unbelievers I know. What are you so afraid of?

"Peace I leave with you, My peace I give to you; not as the world gives do I give to you. Let not your heart be troubled, neither let it be afraid."—John 14:27
My biggest fear is that some people will not repent before the Lord's return and will spend eternity in hell.
 
Jan 12, 2022
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#22
The Second Sore Judgement of God upon a wicked degenerate society and the Four Shameful Generations because they doubled down and hardened their hearts when God poured out the First Sore Judgement of the Pestilence against them and they thought they would fight God with their earthly means, and God turned all their devices against them. Take all their material wealth away from them my God, for the Four Shameful Generations use their material wealth and prosperity to justify their wicked ways my Lord, take it all away from them to see if they will acknowledge that their ways are wrong, and acknowledge that you are powerful and just and that you have been the one judging them my God, in the name of Jesus Christ, amen.
 

Aerials1978

Well-known member
Dec 10, 2019
1,707
987
113
#23
The only thing we as the faithful can do

I love you, O LORD, my strength. The LORD is my rock, my fortress and my deliverer; my God is my rock, in whom I take refuge. He is my shield and the horn of my salvation, my stronghold. I call to the LORD, who is worthy of praise, and I am saved from my enemies.
 

ZNP

Well-known member
Sep 14, 2020
36,253
6,587
113
#24
What do they have on Yellen?

First she becomes a laughingstock for her "transitory inflation" comment and now they get her to say that "recession is not inevitable"! She is going to be the biggest laughingstock in the history of the secretary of the treasury.
 

Angela53510

Senior Member
Jan 24, 2011
11,786
2,957
113
#25
I had a huge financial shock today! I haven't gone grocery shopping in 3 years, since COVID started. Since I got COVID pneumonia, I couldn't even pick up my meds from the in-store pharmacy, I would get so badly out of breathe. I thought it was my heart, but my cardiologist said my heart damage hadn't progressed at all in 4 years. I was taken off asthma drugs, and since I got COVID I realized I have had Shortness Of Breath (SOB) from my newly read aged lungs.

So, my shock was going to the store to pick up a few items. The push basket was about 3/4s full. I got to the till, and my groceries were over $300 and not even a full cart!! I've been shopping for myself since 1972. It has never been close to that expensive.

In Canada, we have Trudeau destroying our economy, in step with Biden. He's taxing farmers on the propane gas they use to dry their grain. Plus a carbon tax. Tax on fertilizers. He's trying to put our agriculture sector out of business. He's also labeling beef and pork products as unhealthy to eat! I don't eat meat, but that is a personal choice. My husband and oldest son don't function well w/o near!

Fuel prices are crazy, considering what a huge supply we have. But Trudeau buys Saudi & Venezuelan oil, for Eastern Canada and won't build a pipeline across Canada, because you know, fossil fuels are so evil, except his oil company, founded by his grandfather. Hypocrite!

Our youngest son used to live 7 blocks away. Last spring they sold their house, and made $400K on it since they bought it. Although if they had sold it this spring, they would have made an additional $200K. Now, they sold their house in Edmonton, and they don't have the money to buy here, nor rent. He and his wife & 3 children are moving in with us next week. We have 2 bedrooms upstairs with a loft, but not sure how long we want them to stay here.

Our house has more than doubled, since we bought it 7 years ago. It's in the millions. We bought our first home for $66K in 1984, after so many people lost their homes to mortgage renewals with 22% interest. We paid off our home over 20 years ago. But it wasn't a big deal, my parents held the mortgage!

I'm glad three of our grown kids have high paying jobs. Our economy is just ruined, with Trudeau and his neurotic Russian journalist in charge of finances. We pray for a change of gov't, but we are stuck with that loser another 3 years. I hope the east wakes up by then, I realize what Trudeau has done, following WEF, and old Klaus' instructions on how to create a NWO, and depopulate your country at the same time!!
 

ZNP

Well-known member
Sep 14, 2020
36,253
6,587
113
#26
The crypto market has lost trillions of dollars—around two thirds its value—in what some are calling the “cryptopocalypse”. But is this just the first major domino in the coming global economic collapse? This crypto crash, combined with a shaky housing market, snowballing inflation, crumbling supply chains, and the dollar on its deathbed, has many folks concerned about the world’s financial future.

https://rumble.com/v199nnw-crypto-c...obal-financial-collapse-redpill78-interv.html
 

ZNP

Well-known member
Sep 14, 2020
36,253
6,587
113
#27
The World has lost well over $26 trillion since 2020

The world's economic system is like any structure. Imagine you remove a wall that is not a load bearing wall. It will have a trivial impact on the structure. You will see small businesses go out of business frequently. A small restaurant for example. But generally they are replaced by another small restaurant.

However, if a load bearing wall is removed, it is far more serious. This is what we saw on 9/11 and it is also what we have seen with the collapse of crypto. The economic loss from 9/11 is estimated at $2 trillion and also the loss from the Crypto market this year is also $2 trillion.

The mortgage meltdown in 2008 was even more severe, we lost $10 trillion overall from that, worldwide and guess what, the US economy has lost $10 trillion just this year when you look at all markets.

We have essentially suffered 5 9/11 events or 1 Mortgage meltdown in the last six months.

But it is worse. The global pandemic is estimated to have cost the world $16 trillion.

And of course we are now in WWIII with Russia.

The idea that the recession is not inevitable is like saying there is no guarantee the sun will rise tomorrow.
 

ZNP

Well-known member
Sep 14, 2020
36,253
6,587
113
#28
 

ZNP

Well-known member
Sep 14, 2020
36,253
6,587
113
#29
 

ZNP

Well-known member
Sep 14, 2020
36,253
6,587
113
#34
Rapid ruin or Cascading failure

Our economy is a complex system, a network that connects many different "nodes".

For example many years ago I was a college student driving in a friends car to a big conference. We were going down the highway at 60 mph and then all of a sudden the car came to an abrupt stop. The owner got out, popped the hood and just as he suspected it was the "points". You may not have these on your cars now, but this was a little $5 gizmo, but without it the entire car would not run. That impressed me, one little tiny part and the entire automobile is dead.

In the same way our energy system is a vast network and yet, one little component called DEF can cause the entire thing to collapse. Without DEF trucks can't run. They are cutting the amount of DEF by 50%. So that means you must cut the amount of trucks by 50%. Do you do that evenly? How do you cut the food deliveries to cities by 50%? You can't do that. So then you have to cut other deliveries by more than 50%. Are you going to cut the deliveries of fuel by more than 50%? That would create a negative feedback loop, so you can't do that. These are the main deliveries so you would have to cut everything else by close to 100%. They aren't going to do that. So then there is only one solution. If I am shipping from a farm I can make all my local deliveries, but few if any longer range deliveries. The big cities on the coast will starve, everyone else will be able to continue. 65% of the US population lives within five miles of the coast and for the most part they represent the longest hauls for these truck drivers. NYC, LA, Washington DC, these cities will bear the brunt of this. But hold it, these cities are critical nodes in the world's economic network. A riot in NYC or a blackout in LA would have impacts felt around the world. Recently China shut down Shanghai and that is having an impact worldwide.

This is why the Roman Empire could be around for 1,000 years and then suddenly collapse.

Energy and Wheat are two major pillars on which most of the world's economy rests. Pull those two pillars down and the entire edifice collapses
 

ZNP

Well-known member
Sep 14, 2020
36,253
6,587
113
#35
A recession is when your neighbor loses his job, a depression is when you lose your job.

I saw an interview yesterday, the guy said his wife went to school for 19 years to become a surgeon and she was at a conference where they said her job would be done by a robot in 15 years.

So I thought, how many lawyers are actually trial lawyers? It turns out it is about 5-7%. Most lawyers are used for advice, to write contracts, and provide advice. A computer that can win at jeopardy can do that, and since that victory they have been specializing their AI in different areas. A paralegal basically does a lot of research for the lawyer. If the research is to comb through all the case law that can be done better by AI.

So then I asked how many doctors are surgeons and it is 10-15%. What do most doctors do? They ask questions, give you tests, and then based on those test results send you to a specialist, prescribe more tests or prescribe medicine. AI can do all that and better. That would be like doing your taxes with a software program. If we can replace surgeons in 15 years how long will it take to replace most other doctors?

Think about the army, they use drones and robots more and more. When you fly a drone the signals you are sending remotely are all recorded and fed into AI to learn from you in the same way they learn from drivers how to drive a car. Suppose you have 1,000 pilots flying drones and over one year they get around 1200 hours of flight time each. The AI would have the equivalent of 50 careers worth of experience from that one year of data. They have been doing this for the last 12 years. The data the AI has is equivalent to the experience you would get over 600 lifetime careers as a pilot.

This does not include hours on a simulator. So very soon they can replace all pilots with AI. Already planes are flown on the automatic setting with pilots only stepping in during an emergency.

Question -- If they can replace 80% of doctors, lawyers and pilots with AI, can they replace your job? They can replace cashiers, truck drivers, and taxi drivers, can they replace you?

Customer service, bookkeepers, receptionists, proofreaders, manufacturing, retail services, courier services, soldiers, market research analysts, security guards, even scientists can all be replaced by AI and robots. We used to think graphic designers couldn't but that has recently been disproved.

A small business may not be able to replace their staff with AI, but a large corporation can and will. If it makes them more efficient and cheaper to operate they will have that much more of a competitive advantage to put the small business out of business.
 

ZNP

Well-known member
Sep 14, 2020
36,253
6,587
113
#36
 

JesusLives

Senior Member
Oct 11, 2013
14,554
2,176
113
#37
If Presidents had control of the economy don't you think they would take control of it in the peoples favor just to get elected? So many factors play a part...greed being one of the factors.
 

ZNP

Well-known member
Sep 14, 2020
36,253
6,587
113
#38
If Presidents had control of the economy don't you think they would take control of it in the peoples favor just to get elected? So many factors play a part...greed being one of the factors.
No. You need $600 million to run for President. Trump only spent about $600 million, which was half of what Clinton spent. It is a very select club, as long as you do the bidding of the people giving you $600 million you will be on the short list.

Everyone knows that the presidential election is a beauty contest. If you are tall and handsome you are halfway home.

Biden didn't even campaign, he let his team do everything. He had an atrocious record yet no one even discussed it. He was incoherent and corrupt, yet no one cared. What you need are some really good Hollywood producers of attack ads.

Biden does have control of the economy, the whole "green new deal" is designed to send billions and billions to his donors. He shut down pipelines to force people to buy into these companies. They want cheap labor so he has thrown open the border. The Pharmaceutical companies wanted a vaccine mandate, he did that. Ukraine sends his whole family money so he sends them $40 billion.

I cannot see any evidence that Biden could care less about the average American voter. He knows if they voted for him they are idiots and he knows that he won the election because of his fraud team and not because of people who voted for him.

Joe Biden is a sell out. Putin wants to replace the US in the middle East and China wants our farms but not our people. Biden and all the other crooks in DC are selling this off.
 

JesusLives

Senior Member
Oct 11, 2013
14,554
2,176
113
#39
No. You need $600 million to run for President. Trump only spent about $600 million, which was half of what Clinton spent. It is a very select club, as long as you do the bidding of the people giving you $600 million you will be on the short list.

Everyone knows that the presidential election is a beauty contest. If you are tall and handsome you are halfway home.

Biden didn't even campaign, he let his team do everything. He had an atrocious record yet no one even discussed it. He was incoherent and corrupt, yet no one cared. What you need are some really good Hollywood producers of attack ads.

Biden does have control of the economy, the whole "green new deal" is designed to send billions and billions to his donors. He shut down pipelines to force people to buy into these companies. They want cheap labor so he has thrown open the border. The Pharmaceutical companies wanted a vaccine mandate, he did that. Ukraine sends his whole family money so he sends them $40 billion.

I cannot see any evidence that Biden could care less about the average American voter. He knows if they voted for him they are idiots and he knows that he won the election because of his fraud team and not because of people who voted for him.

Joe Biden is a sell out. Putin wants to replace the US in the middle East and China wants our farms but not our people. Biden and all the other crooks in DC are selling this off.
You have your thoughts and I have mine we don't agree.
 

ZNP

Well-known member
Sep 14, 2020
36,253
6,587
113
#40

1/3 of property developers in China about to go bankrupt