The Greatest depression is coming, are you ready?

  • Christian Chat is a moderated online Christian community allowing Christians around the world to fellowship with each other in real time chat via webcam, voice, and text, with the Christian Chat app. You can also start or participate in a Bible-based discussion here in the Christian Chat Forums, where members can also share with each other their own videos, pictures, or favorite Christian music.

    If you are a Christian and need encouragement and fellowship, we're here for you! If you are not a Christian but interested in knowing more about Jesus our Lord, you're also welcome! Want to know what the Bible says, and how you can apply it to your life? Join us!

    To make new Christian friends now around the world, click here to join Christian Chat.
Status
Not open for further replies.
Inside Baseball


This tells you what managers are ordering, if it is shrinking or negative the future looks worse than today.

Fanny Mae is predicting a negative market next year based on the housing market.
 
ZNP said:
https://www.thegatewaypundit.com/20...back-vacations-travel-restaurants-save-money/

BIDEN ECONOMY: Americans Are Pulling Back on Vacations, Travel and Restaurants to Save Money

1. We are seeing severe worldwide inflation in the cost of gas and food.

2. We are seeing a collapse in the stock markets around the world.

3. People are not running to bonds because they expect interest rates to rise (which causes the value of bonds they have bought to drop).

4. The Fed is raising interest rates and will continue to do so, which in turn is causing central banks around the world to do the same.

5. As a result of rising interest rates mortgage rates have risen dramatically. For example, we sold our house in March. The company that bought it flips houses and the price they paid to us reflected their estimate that they could fix it up and resell for $700k. If you calculate that your buyer puts down 20% the new mortgage rate would cause them to drop the selling price by 200k for the same buyer to buy it.

A. We are seeing a sharp decline in mortgages.

B. We are also seeing a sharp decline in new homes being built. I heard from one builder that the windows he gets now take 18 months to be delivered. If you cannot get some key item it can hold up the entire construction of the house.

6. We are also seeing a sharp decline in car sales. It is a double whammy for them. They are having a hard time getting parts. I bought a car two months ago and it is still not here. When it does get here they tell me the heated seats won't work because they don't have the chip but hope to get it and install it before winter. However, I bought this car before the interest rates spiked. Now financing a car will be a double whammy. Cars will be both harder to get and much more expensive to finance.
Click to expand...
Me already in my bunker. Tell me when its safe to come back out.
 
Inquisitor said:
Me already in my bunker. Tell me when its safe to come back out.
Click to expand...
When you hear the trump of God you want to come out, but if you aren't raptured then it is time to go totally radical preaching until they chop your head off.
 
China's economy is a ponzi scheme, that explains their rapid growth and catastrophic collapse.


Why do you think their companies are being delisted, they lie about their numbers.

The entire thing is about to collapse. The housing market, the banks, exports, energy, even food is about to skyrocket in price.

They have a dilemma, no one trusts them. The only way to gain trust is to crack down on corruption and be transparent with your accounting. However, they can't do that. The corruption is so widespread it would reveal the entire economy is corrupt. Also, they can't be transparent because the lies we know about are just the tip of the iceberg.
 
ZNP said:
China's economy is a ponzi scheme, that explains their rapid growth and catastrophic collapse.


Why do you think their companies are being delisted, they lie about their numbers.

The entire thing is about to collapse. The housing market, the banks, exports, energy, even food is about to skyrocket in price.

They have a dilemma, no one trusts them. The only way to gain trust is to crack down on corruption and be transparent with your accounting. However, they can't do that. The corruption is so widespread it would reveal the entire economy is corrupt. Also, they can't be transparent because the lies we know about are just the tip of the iceberg.
Click to expand...
To help explain this, China is like an investor who is heavily leveraged (borrows to the hilt). If you buy a stock for $100 and it goes to $150 you make 50% return. However, if you borrowed half the money, then you make 100%. Leverage is great when the stock is rising faster than the interest you have to pay on the loan. However, if you buy a stock at $100 and it goes to $50 you lose 100%. As long as China was growing at 5% a year this was a great strategy, it helped them grow at a record rate and become the biggest economy in the world. However, their economy is now shrinking by about 3%, that is catastrophic. If you are leveraged to the hilt you can't borrow more to pay your interest so you have to sell your assets which are down at a discount to keep from bankruptcy. As fast as you went up your portfolio will disappear even faster on the way down. Investors are like sharks and when they see blood in the water it will be a feeding frenzy. They know China is in trouble, they will not bail China out but rather will be looking to buy up their assets at a small fraction of the cost.

I suspect that was the purpose of the pandemic. Start a fire that will result in a fire sale on all their assets.
 
This is amazing!

We have seen that China has lost 75% of their grain crop this year.

We also have seen that their real estate market is a ponzi scheme and the bubble is bursting. It will be be bigger than the mortgage crisis in 2008.

We have also see there is a run on Chinese banks.

We have also seen 115 food processing plants in the US have been attacked.

And we have seen a very big drought in the midwest. This week I drove through Iowa, Nebraska and Kansas and the corn crop is a loss, as best I can tell close to a total loss.

We have also seen that fertilizer exports have been cut off causing shortages worldwide.

But, just this morning I learned that the US has put a freeze on margin calls during the pandemic and that freeze was lifted as of September 1st. So we now have about 12 months of margin calls all hitting at once and at a time when the market is already down 15%.

Now this! We have $1.5 trillion in margin calls in Europe because of the energy crisis there!

The US, Europe and China are all having historically bad harvests this year. This at a time when we are also short on energy, short on fertilizer, and we are witnessing a collapse of the stock market in the US, Europe and China of historic proportions.

 

All foreign investment in Russian debt lost 100% of their investment when Russia invaded Ukraine? I did not know that. Based on that he is arguing to pull your investments out of China before they invade Taiwan + Real estate bubble is unbelievable. The price of a house [apartment] in China is 36x the average yearly salary? Compare that with the US where it is probably 6x your yearly salary.
 
ZNP said:
We sold our house in December and completed the transaction in March. Three months later if we had tried to do the same thing today we probably could not find a buyer and if we did they would be offering 200k less because of the 3% rise in the 30 yr. mortgage rate.
Click to expand...

On the other hand, my granddaughter put her house on the market last month, and sold it in one day for the asking price (Got 8 offers on day one), and bought another house, two days later before it even went on the market. Her mortgage didn't change. My house rose $100,000 in evaluation this year.
 
Bob-Carabbio said:
On the other hand, my granddaughter put her house on the market last month, and sold it in one day for the asking price (Got 8 offers on day one), and bought another house, two days later before it even went on the market. Her mortgage didn't change. My house rose $100,000 in evaluation this year.
Click to expand...
There are some red hot markets, however, the price of houses will plummet over the next two years.

Stock market is poised to collapse in the US, in Europe and in China. We will enter a famine that will cause people to sell everything they have to get food. And the vaccine they are giving people is damaging their immune system which will cause deaths to spike while also opening the door to a host of plagues.

Meanwhile, the focus should not be on the US but on the rest of the world. China will go to war before they go through another famine, their leaders can still remember the last one and they will do anything to avoid that.

Also Russia will use their nukes before admitting defeat. I have already posted the similarities between the start of WW2 and where we are now. Stock Market Crash, Real Estate Bubble, War, Famine and Plagues. That is all on the menu for the next seven years.
 
If you are relying on the power grid, water service, gas service, you are not ready.
If you are relying on a local food store, you are not ready.
If you are relying on family, friends, local charities, you are not ready.
If you are still living in a city, you are not ready.
If you do not now have a supply of water and non-perishable food and a way to cook it, you are not ready.
If you are relying on any government, you are not ready and very foolish.
If you do not do your part and then put it in God's hands, you and your family face pain, hunger, and possible death.
 
  • Like
Reactions: ZNP
ZNP said:
There are some red hot markets, however, the price of houses will plummet over the next two years.

Stock market is poised to collapse in the US, in Europe and in China. We will enter a famine that will cause people to sell everything they have to get food. And the vaccine they are giving people is damaging their immune system which will cause deaths to spike while also opening the door to a host of plagues.

Meanwhile, the focus should not be on the US but on the rest of the world. China will go to war before they go through another famine, their leaders can still remember the last one and they will do anything to avoid that.

Also Russia will use their nukes before admitting defeat. I have already posted the similarities between the start of WW2 and where we are now. Stock Market Crash, Real Estate Bubble, War, Famine and Plagues. That is all on the menu for the next seven years.
Click to expand...

It's a GOOD TIME to be OLD, and in poor health, fer sure, fer sure.
 
Status
Not open for further replies.
Top Bottom
Back