The Greatest depression is coming, are you ready?

What about drop in GB currency? Was .75 now .92 to $

My understanding is that it will be Japan and Germany that are the first to fall as the world's economy collapses.

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?

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.

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?

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.

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?

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".

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.

Another person seeing the Great Depression