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Old 12-13-2018, 11:09 AM
 
Location: Prepperland
13,255 posts, read 9,360,260 times
Reputation: 9193

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Quote:
Originally Posted by inquisitive2 View Post
Do you believe that a stock market crash, like that of 1929, is forthcoming given todays inflation, over extension of credit -mortgages, school loans, cars, etc..?

If not, what is protecting us now that didn't provide protection in the 1920s and 1930s?
A crash / event is imminent. Long term usury (interest) is unsustainable in a finite money token marketplace. Ergo, the system must undergo a 'reset' so the muggles can be primed for the next cycle of skinning alive.
(Do the math. Run any 'future value' equation, pick an interest rate, and you can compute how long it takes for aggregate debt to exceed the whole set of existing money.)

The trick is to convince the muggles that default is all their own fault, and not the scam of usury (condemned for 'only' 3500 years).

Contrary to classical eCONomics that inflation is caused by too much money chasing too few goods, we've been experiencing a money drought.

https://www.federalreserve.gov/faqs/currency_12773.htm
Q: How much U.S. currency is in circulation?
A: There was approximately $1.69 trillion in circulation as of September 26, 2018, of which $1.64 trillion was in Federal Reserve notes. (Dollar bills)
1.64 T divided by 327 million Americans = $5,015.29 per capita
  • Federal Budget (2017): $3.65 Trillion
  • GDP (2016): $18.56 T (est)
  • National Debt (2018) : $21+ T (and rising)
- - -
(More 'humor' - a dollar bill is an IOU - a minus value - thus not fiat. But the muggles argue amongst themselves about the 'value' of a worthless IOU. CONgress repudiated redeeming them in House Joint Resolution 192, June 1933)

http://www.treasury.gov/resource-cen...al-tender.aspx
". . .Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. This has been the case since 1933. The notes have no value for themselves, but for what they will buy. In another sense, because they are legal tender, Federal Reserve notes are "backed" by all the goods and services in the economy."
Since CONgress cannot take 'private property' for public use without paying just compensation (5th amendment), exactly how did ALL OUR LABOR AND PROPERTY become collateral on their kited checks?
(F.I.C.A.)
Just a minute - abolition of private property is one of the main tenets of communism . . . !

D'oh.
Welcome to the People's Democratic Socialist Republic of America, a perpetually bankrupted totalitarian police state... and mind your manners and don't offend anyone lest the Thought Police spank.
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Old 12-15-2018, 02:03 AM
 
Location: Thailand
5,073 posts, read 2,419,111 times
Reputation: 9309
Quote:
Originally Posted by jetgraphics View Post
A crash / event is imminent.
This is brilliance! A stock market that has historically had ups and down will in some undefined future time frame have another down cycle. Like many serial doomsdayers you tend to spool the word "imminent" into as long as you need until you can be the broken clock that was right.

Here you are almost ten years ago:
Quote:
Originally Posted by jetgraphics View Post
Economic downward spiraling to collapse is imminent.
Quote:
Originally Posted by jetgraphics View Post
Yup. Collapse is imminent.

Here you are seven years ago, responding to someone asking if collapse is imminent:
Quote:
1. Yes.
2. Very likely and soon. Any number of discrete causes, such as a prolonged interruption of fuel, in the midst of high demand (like a bitterly cold winter) could trigger it. But the worst problem is the impossible to repay public debt, and the laws that cocoon it.
3. Store up supplies to ride out the interruptions in delivery.

Six years ago:
Quote:
As to the probability of imminent crisis, I feel it is quite high

2015:
Quote:
Of course, such a society cannot continue to penalize the productive and reward the nonproductive without collapse. And that is imminent.

early 2016:
Quote:
Originally Posted by jetgraphics View Post
It doesn’t take a genius to recognize the signs of imminent doom.

late 2016:
Quote:
Originally Posted by jetgraphics View Post
Smart money is betting on apathy, ignorance and arrogance.
USA is going d-o-w-n.

Thanks for the heads up!
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Old 12-15-2018, 05:09 PM
 
2,331 posts, read 1,472,431 times
Reputation: 5071
Quote:
Originally Posted by lieqiang View Post
This is brilliance! A stock market that has historically had ups and down will in some undefined future time frame have another down cycle. Like many serial doomsdayers you tend to spool the word "imminent" into as long as you need until you can be the broken clock that was right.

Here you are almost ten years ago:




Here you are seven years ago, responding to someone asking if collapse is imminent:



Six years ago:



2015:



early 2016:



late 2016:



Thanks for the heads up!
Lol...

Peter Schiff syndrome.
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Old 12-17-2018, 08:23 PM
 
Location: Metro Detroit, Michigan
11,942 posts, read 13,411,398 times
Reputation: 12729
Similarity then to today, big debt and no good, honest way to pay it off. Yes, I see many similarities. Next step is to punish anyone betting on gold, since we don't want competition.
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Old Yesterday, 12:11 AM
 
24,980 posts, read 27,190,391 times
Reputation: 23155
Quote:
Originally Posted by tickyul View Post
Uncharted territory????

The implications of all that QE-money, extended ZiRP, program after program to save the country from
the so-called "great recession"............nobody really knows what the results are going to be!
^^Yes, this.

In some ways, I actually think we're worse off than the late 1920s. We're better at kicking the can down the road now compared to then. But that just means the crash will be that much worse when it happens.

My biggest concern is government debt. We're running up big deficits in supposedly good economic times and it's getting relatively little media attention. For all the Trump haters in the mainstream media, you'd think they'd bring more attention to the government debt issue.
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Old Yesterday, 12:24 AM
 
24,980 posts, read 27,190,391 times
Reputation: 23155
Quote:
Originally Posted by skeddy View Post
economy is rock solid, US is still the best and safest place to invest money. Could the Dow go down to 22K? ...sure, probably should, doesn't signal anything catastrophic.
Rock solid? We're running deficits of $1T, about 4% of GDP, in good times. This is hardly rock solid, especially considering our debt to GDP ratio is already over 100%.
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Old Today, 04:43 PM
 
Location: Metro Detroit, Michigan
11,942 posts, read 13,411,398 times
Reputation: 12729
Quote:
Originally Posted by mysticaltyger View Post
Rock solid? We're running deficits of $1T, about 4% of GDP, in good times. This is hardly rock solid, especially considering our debt to GDP ratio is already over 100%.

It's rock solid if you believe that debt will never have to be serviced/paid off. And there are plenty of people stupid enough to believe that, which is why this crapshow has legs, until they finally buckle.
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