The Greatest depression is coming, are you ready?

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ZNP

Well-known member
Sep 14, 2020
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China’s Housing Market Is Still Crashing, With Prices Falling 75%, Experts Demand Another 40% Drop

 

ZNP

Well-known member
Sep 14, 2020
36,785
6,747
113
The water level at 3 Gorges dam is 20 meters above the limit at this time of year.


If this dam breaks it will be catastrophic to 500 million people and the industrial heartland of China.
 

ZNP

Well-known member
Sep 14, 2020
36,785
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"Both sides are fighting to implement an economic downturn and then bring in their system"

 

Lynx

Folksy yet erudite
Aug 13, 2014
27,429
9,412
113
We're STILL beating this old drum? Good heavens!

Well I guess one day they will be right by dint of sheer perseverance. If you keep hollering about a recession for 30 years, eventually it will recess.
 

ZNP

Well-known member
Sep 14, 2020
36,785
6,747
113
Taiwan Cuts Fujian Investments by 80%, Massively Shifts to Southeast Asia,Scared off by China’s Move


The economic crisis in China will drive the move to BRICS and war.
 

ZNP

Well-known member
Sep 14, 2020
36,785
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China Sell 68% of its US Treasury: What's next?
 

ZNP

Well-known member
Sep 14, 2020
36,785
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We are now seeing the US treasuries being dumped. The only way to redeem them is if the bank sells gold or silver. You can be sure the BRICS nations have coordinated this dumping so they can purchase gold and silver at the bargain prices of a fire sale. But they will want to take possession of these purchases and not trust them on paper before they attack. So this dumping is a one week warning to the world of what is about to take place. I assume they can take possession in a week but to move this much gold and silver may take a few weeks. If you look at both the gold and silver you can see a huge increase in the volume of trades. Yes, those trades are sells, but there is also someone on the other side of that trade who is buying.

India is cutting the duty on gold and silver to encourage local purchases


This video shows the huge volume in sales. Typically the after hours trading is very thinly. That is why they dumped the silver and gold because trading is so thin you can drive the price way down. Get ready for it to spike up as the whole world wakes up this morning to the sale price of silver and gold.


Think of a diver jumping on a diving board. He goes up, he comes down and then he is propelled up.
 

ZNP

Well-known member
Sep 14, 2020
36,785
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113
3 Gorges Dam Update - Massive Flooding!

 

ZNP

Well-known member
Sep 14, 2020
36,785
6,747
113

Treasury Auctions Getting Larger and Weaker - 5 Things to Know - #5 - July 12th, 2024
 

ZNP

Well-known member
Sep 14, 2020
36,785
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113
It is amazing to see so many floods and flooded out cities in China. I think the reason for this is two fold. First, their cities are completely performative. They make it look like they have these beautiful big brand new cities, but then you discover the sewer system is phony. They'll put in fake grates but there is no sewer. So they build these big concrete jungles without spending money on essential things that you can't see. These cities are as phony as a Hollywood set. The second reason is that their is no such thing as the government identifying flood zones and prohibiting building permits. In China you simply grease palms and get whatever you want. The builder doesn't care what happens to the people who live there after they have sold, their is no fair recourse in the courts. So it is a two fold whammy. They build these big developments in flood plains and then they don't put in effective sewer lines. There is a culture of bribery in China. As a result they give these corrupt government officials bribes but then in return they look the other way when there is no sewer, concrete is sub par, the place is built in a flood plain, etc.

God Turns Away from China! Dam burst and the city was trapped, Guangdong is sinking, Storm Gaemi

 

ZNP

Well-known member
Sep 14, 2020
36,785
6,747
113
We're STILL beating this old drum? Good heavens!

Well I guess one day they will be right by dint of sheer perseverance. If you keep hollering about a recession for 30 years, eventually it will recess.
Right you are.

'Wiped close to $100 billion' off stock market value: ASX plunges

 

Lynx

Folksy yet erudite
Aug 13, 2014
27,429
9,412
113
Yup. You started this thread back in June of 22. Now, after 72 pages, you're finally right.

"Even a broken clock is right twice a day."

But yes, now is a good time to holler about how right you were... Two years ago when you were predicting it. You can point back to that and say you were an extremely delayed prophet.
 

Lynx

Folksy yet erudite
Aug 13, 2014
27,429
9,412
113
I guess I'd better develop my A game. We are about to get really busy at my job, as people who used to eat elsewhere when they could afford it to start flooding in.
 

ZNP

Well-known member
Sep 14, 2020
36,785
6,747
113
Bidenomics is working
 

ZNP

Well-known member
Sep 14, 2020
36,785
6,747
113
Yup. You started this thread back in June of 22. Now, after 72 pages, you're finally right.

"Even a broken clock is right twice a day."

But yes, now is a good time to holler about how right you were... Two years ago when you were predicting it. You can point back to that and say you were an extremely delayed prophet.
No one can argue that they were not warned.
 

ZNP

Well-known member
Sep 14, 2020
36,785
6,747
113
The Global Stock Market Crash JUST HAPPENED. And Its Much Worse Than We Could've Imagined…


They borrow money at a low interest rate in Japan and then use that money to invest in an investment in another country at a higher rate. (This is known as arbitrage, imagine I pay 3% on a loan but I am getting 5% on the money somewhere else, this is free money). It is called a carry trade.