The Greatest depression is coming, are you ready?

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cv5

Well-known member
Nov 20, 2018
22,546
8,105
113
Hey @JohnDB ......is this story is simply more Russian agitprop and bogus tinfoil hat hoax nonsense like Bigfoot? Or is the truth of the matter the fact that your country is one of the most the most corrupt on the planet?

BREAKING: According to the Durham Report, the plan by Hillary Clinton to create a false story linking Donald Trump to Russia was briefed in August of 2016 by CIA Director John Brennan to President Obama, VP Biden, AG Loretta Lynch, and FBI Director Comey.

 

ZNP

Well-known member
Sep 14, 2020
36,148
6,528
113
Mexico is nationalizing their silver mines and Russian sanctions are keeping Russian silver off the market.

They are the largest and 8th largest silver producing countries in the world. This will cause the price of silver to sky rocket.

There are 243 people who own an ounce of silver on paper for every real ounce of silver there is. Or to put it another way, it only takes 0.3% of the people who own silver to take possession to completely crash the market. Imagine George Soros or some other major figure takes delivery of their silver. Price of silver sky rockets.

The point is we have enough enemies between Saudi Arabia, Iran, France, Germany, the Globalists, Brazil, South Africa, etc. to utterly crush the silver market.

Why would they do that? Some countries are "de dollarizing" meaning they can no longer afford to hold US dollars and US debt. Why not move to something like silver or gold? Other people want to bring down our banking system. It is said the entire US banking system only has a few hundred billion dollars in currency, if a few very wealthy individuals were to pull that out and put it into silver they could hit us with a double whammy, crash the US banks while causing Silver to skyrocket. Then of course there those who are fearful the US dollar will collapse so they are moving their cash to something more reliable.
 

ZNP

Well-known member
Sep 14, 2020
36,148
6,528
113
A Major Crisis is About to Unfold as Sellers Look to Dump Large Office Buildings Before Prices Crash

 

ZNP

Well-known member
Sep 14, 2020
36,148
6,528
113
Lots of great data on upcoming depression

15 Facts About The U.S. Retail Apocalypse That Will Surprise You

 

ZNP

Well-known member
Sep 14, 2020
36,148
6,528
113
13 days to go until America realizes that Social Security,Unemployment insurance,Medicare,Medicaid ect. are all considered by definition and grouped into the same category under welfare. https://www.ssa.gov/history/aja964.html
Why is Social Security considered welfare, I thought we contributed to this retirement account our entire life, so simply our savings account that we accumulated while working.
 

iamsoandso

Senior Member
Oct 6, 2011
8,048
1,609
113
Why is Social Security considered welfare, I thought we contributed to this retirement account our entire life, so simply our savings account that we accumulated while working.

I totally agree with the "why is it?" part but in the end it's not up to us(the citizens) to determine what the federal government says is in what program. I part that shocks me is that they say things like "social democracy" and most of the common people don't realize that "social security" begins with the word "social" and it always was a social democratic program. And so it's a form of welfare just like SNAP or the cares act where citizens were given extended unemployment, stimulus checks rent assistance ect. To the federal government they are all considered social programs(welfare). I agree though with the question of "why is it" and it most times it would make little difference but with the great debate over shaving down these programs in the budget it makes me wonder if their about to reduce my SS check? When I go to the pharmacy or doctor will it still cover the bills? lol, What exactly do they mean when they say they want to make cut's in these programs?
 

ZNP

Well-known member
Sep 14, 2020
36,148
6,528
113
This is an inverted yield curve


What’s happening
  • The 1-month T-bill rate jumped 9 basis points to 5.533%, according to FactSet data.
  • The yield on the 2-year Treasury TMUBMUSD02Y, 4.245% rose 7.3 basis points to 4.229% from 4.156% on Wednesday.
  • The yield on the 10-year Treasury TMUBMUSD10Y, 3.635% rose 4.6 basis points to 3.626% from 3.580% as of late Wednesday.
  • The yield on the 30-year Treasury TMUBMUSD30Y, 3.907% was 3.9%, up 2.2 basis points from 3.878% Wednesday afternoon.
https://www.marketwatch.com/story/t...bank-tensions-ease-9225c52a?mod=mw_latestnews

What Does an Inverted Yield Curve Suggest?
Historically, an inverted yield curve has been viewed as an indicator of a pending economic recession. When short-term interest rates exceed long-term rates, market sentiment suggests that the long-term outlook is poor and that the yields offered by long-term fixed income will continue to fall.