The Greatest depression is coming, are you ready?

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ZNP

ZNP

Well-known member
#361
Sep 14, 2020
37,490
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#361
Leviticus 26:8 And five of you shall chase an hundred, and an hundred of you shall put ten thousand to flight: and your enemies shall fall before you by the sword.

Divide the influence of Hollywood by 100. If they have have 50 million views of a movie they produce in the overseas markets we only need 500,000 in those markets reading the Bible.

KLove is a Christian radio station that has gone nationwide, they have about 20 million cumulative listeners each week! Multiply that by 100. No other station can touch that.
 
ZNP

ZNP

Well-known member
#363
Sep 14, 2020
37,490
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#363
Xi says a storm is coming and this drop in their stock market is the rest of the world battening down the hatches.
 
ZNP

ZNP

Well-known member
#369
Sep 14, 2020
37,490
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#369
Amazon.com was also involved in trying to shut up the Conservatives. I stopped doing any business with them when their stock price was over $180 a share. Now, a little more than a year later it is trading at $90 a share. Thank you Lord.
 
G

gb9

Senior Member
#370
Jan 18, 2011
12,399
6,738
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#370
ZNP said:
Amazon.com was also involved in trying to shut up the Conservatives. I stopped doing any business with them when their stock price was over $180 a share. Now, a little more than a year later it is trading at $90 a share. Thank you Lord.
Click to expand...
that is the way. stop doing business with these companies.
 
ZNP

ZNP

Well-known member
#371
Sep 14, 2020
37,490
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#371

Don't worry the President is working very hard and he thinks this is important.

But no reason to panic the Strategic reserve has a 6 hour supply of diesel.

There is only one name by which you can be saved. The Tribulation is upon us.
 
ZNP

ZNP

Well-known member
#372
Sep 14, 2020
37,490
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#372

They are no longer filling all the barges up
 
ZNP

ZNP

Well-known member
#373
Sep 14, 2020
37,490
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#373
Spain, Italy, Germany and France have reached point of no return. UK will follow. Japan, and Pakistan also going over the precipice. Sri Lanka has already fallen.

 
ZNP

ZNP

Well-known member
#374
Sep 14, 2020
37,490
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#374
Great News!

A spokesman from the World Economic Forum said that the economy this year is better than the economy next year will be! What? Wait...

OK, the full quote is that the economy this year is worse than last year but better than next year will be. Huh. Hmmm, kind of like saying the Titanic was in worse shape after hitting the iceberg than it was before that, but was still better than it would be in an hour when the ship sunk.
 
ZNP

ZNP

Well-known member
#375
Sep 14, 2020
37,490
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#375
Silver is up 15% in the last 3 weeks. Central banks are buying gold, anticipating the collapse of the US dollar.

 
ZNP

ZNP

Well-known member
#377
Sep 14, 2020
37,490
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#377

Layoffs

Google
Amazon.com
Facebook
Twitter
Netflix
CNN
Lyft
Cognizant
Walmart
Target
Kohls
Roku
etc.
 
ZNP

ZNP

Well-known member
#379
Sep 14, 2020
37,490
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#379
This is really scary


Banks own treasuries and then they borrow against the treasury on a short term loan. This is how they regulate their cash flow. A treasury is a ten year note whereas the short term loans are six months. When these loans reset because of the much higher interest rate the cash flow will not cover their expenses.

Not to worry you say, simply sell the ten year treasuries. If you are highly leveraged and apparently the banks are extremely highly leveraged when you sell an asset you must also close out some of your loans. Because interest rates have gone up when they sell the T bills they will do so at a loss which and then will be forced to close out some loans which in turn will probably also be at a loss and so this will become a negative feedback loop, the more losses they take the more loans they must call in, and the more loans they call in the more people will be declaring bankruptcy causing this negative feedback.
 
ZNP

ZNP

Well-known member
#380
Sep 14, 2020
37,490
6,929
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#380
Consider this, corporate defaults are projected to double (best case scenario). When they go bankrupt banks holding their bonds or having loaned money to them will of course take a loss. Meanwhile every quarter banks have to revalue the bonds they hold and so every quarter they are seeing their assets decreasing. Now with all these layoffs there will also be many, many other defaults on car loans and mortgages.
 
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