Topic: The Economy is Going to Implode

[Libertas]

No tax increase either...

And sure as sh!t no ESG scores!!!

[Libertas]

https://www.zerohedge.com/economics/yields-tumble-after-european-pmis-signal-stagflation-accelerating

Another miss...but I think the consensus was a bit full of hopium so self-inflicted delusion driven, so typical...

As for inflation...despite what the corrupt lying FJB puppet regime tells you, what the lying DeepState lapdog media tells you...you the people living under this oppression know exactly what your purchasing power is...



...and the Fed question is when not if they abandon fighting inflation and go back to the stupid hot-press crap again...

...and while opting out might be the only sane action...

https://www.zerohedge.com/personal-finance/how-inflation-destroys-civilization-and-what-you-can-do-about-it

...not everybody is positioned to make that kind of pivot...when things really pop there will be many suffering adverse effects...

...and, well, we still have not seen the BRICS de-dollarization "market" (basically equal in world GDP to the West's G7) impacts yet...but it seems obvious that inflation and continued fiat debasement is inevitable...

...which is why I think the statist push for CBDC is going to go into hyperdrive.

ETA - Not surprising that the biggest hits in terms of cost of living is hitting the DemoNazi hives...

https://www.cnbc.com/2023/08/22/us-cities-with-the-highest-cost-of-living.html

...proof that stupid is permanent and terminal...

[Libertas]

Seems a Rubicon is being crossed...

https://www.zerohedge.com/markets/nvidia-erupts-new-record-high-blowout-q2-earnings-whisper-shattering-q3-guidance-and-new

...hard not to see a rush to SkyNet, Replicants/androids/droids/Gort/Ultron, The Matrix, Ex Machina, Supreme Intelligence and other thinking machines necessitating a Butlerian Jihad coming about with so much money and enthusiasm flooding into it!

 

[patentlymn]

The Vidia CEO seems like a solid guy. Looks cool in his leather jacket. They almost went out of business a few times. Graphics processors do a  lot a matrix math. So do the machine learning algorithms. So they developed some "CUDA" interfaces to their boards that do not even use the graphics. Now it is huge. I read all the computer time on this big stuff is booked out months in advance.

I recall that Musk help start OpenAI to be open but then they went private but there is some open source outfit closing in on them. I may find the video of him showing off some hardware.

I found some 8 year old interview of Alina Gingertail on a Russian TV station and wanted AI to generate English subtitles. Without knowing anything I did it just uploading a video file. It was mostly the TV guy talking too much and trying to understand what St. Patrick's Day was and why she was introducing it to their city on the Amur river. Turns out it is her birthday. Some Orthodox did not like the foreign holiday. As if Russians need another excuse to drink.

So there are videos of the drunk Russians playing Irish music.

[Libertas]

Do not trust anybody and their AI...

See this?

https://www.zerohedge.com/markets/add-q2-gdp-list-economic-data-revised-sharply-lower-biden-administration

...another recession is likely as we get into 2024...but get used to more headlines like this, it could be creeping closer...

As for this...

https://www.zerohedge.com/political/us-pending-home-sales-unexpectedly-jumped-july

...I had a hand in May data.  Those who cannot pocket their equity will be seeing it harder to hold on to...

On a positive note...the globalist greeniac crap seems to be imploding...

https://www.zerohedge.com/markets/worlds-largest-offshore-wind-farm-maker-crashes-most-record-after-catastrophic-results

...let loose the dogs of panic!

And this is just straight up funny!

https://www.zerohedge.com/markets/frustrated-trader-asks-why-am-i-looking-numbers-all

Get used to frustration.

[Libertas]

https://www.zerohedge.com/personal-finance/feds-favorite-inflation-indicator-jumps-higher-july-wage-growth-slowed

For FJB zombies inflation is an economic Medusa, they dare not look lest they perish...

I'm all for their perishing...

[patentlymn]

...
On a positive note...the globalist greeniac crap seems to be imploding...

https://www.zerohedge.com/markets/worlds-largest-offshore-wind-farm-maker-crashes-most-record-after-catastrophic-results

 ...

I had heard that in the UK, contracts said that wind farm providers had to sell electricity for a certain price. Someone said that there was no way they could make that that price and the real price would be much higher. The govt would have to let them go under or pay lots more for electricity. Bait and switch.

[Libertas]

...
On a positive note...the globalist greeniac crap seems to be imploding...

https://www.zerohedge.com/markets/worlds-largest-offshore-wind-farm-maker-crashes-most-record-after-catastrophic-results

 ...

I had heard that in the UK, contracts said that wind farm providers had to sell electricity for a certain price. Someone said that there was no way they could make that that price and the real price would be much higher. The govt would have to let them go under or pay lots more for electricity. Bait and switch.

They are a waste of money, costly to maintain and those offshore ones slaughter marine life... 

Jimmy crack corn and leftist trash don't care...

 

[Libertas]

And in typical fashion, bad news...and more bad news requiring a full YTD re-bullsh*tting of the bullsh*t previously reported...and the casino's cheer...

https://www.zerohedge.com/markets/august-unemployment-rate-unexpectedly-spikes-payrolls-every-month-2023-revised-sharply

 

[Libertas]

It was never about success, viability or profitability...

https://www.zerohedge.com/technology/bidens-green-energy-inflation-reduction-act-needs-big-bailout-already

...all that matters is the chaos and destruction done...

...call it The Maui Effect...when they/them want to take something over, what preceded it has to be destroyed first...

[patentlymn]

https://voxday.net/2023/09/11/the-two-faces-of-economics/

The Two Faces of Economics

Michael Hudson explains the difference between Western neoliberal economics based on prices and debt, and historical economics based on actual production of goods and services.

    Economics is not really a science as it’s taught. It’s a lobbying effort by the finance, insurance, and the real estate sector: the FIRE sector. It’s a lobbying effort by the parts of the economy that don’t produce goods and services, that only collect income without playing any productive role at all. Empty prices – that is price without any underlying value. And that is being promoted as economic growth.
...
And that’s why in graduate economic courses they no longer teach the history of economic thought. They no longer teach economic history. Because if you had the history of economic thought, you’d know that contrary to what Margaret Thatcher said, there is an alternative, that things don’t have to be this way.

There is a reason why China is growing so rapidly, and the American economy is being squeezed tighter and tighter. And that’s because its basically using its revenue to create new means of production and create a broader environment.
...

[Libertas]

What is truly lacking is common sense...

A normal person would not take whatever is being fed them as prima facie truth...perhaps some lacked it from birth, but I contend it was breed and beaten out of people in their youth...

I always read a lot, always was skeptical of others certainties...

I guess now days it is easier to be lazy and regurgitate falsehoods than think for ones self...

Sad...and it condemns others to be infected by the same contagion...

[Libertas]

I can already smell the panic...

https://www.zerohedge.com/personal-finance/us-cpi-surges-more-expected-august

So much for the soft landing chants...

Fed will have to raise rates, and squeeze this economy even more to suck the inflation oxygen from the fire...

[Libertas]

A visual representation of FJB Economics...

H/T-WRSA@GAB

Should be a fun day in the casino's too...$3.4T triple-witching day, 13k UAW folks decided it is a great time for a strike and crApple is telling employees to say nothing about concerns about the iPhone12's excessive radiation problem...

Good day to be a shorter...

[Libertas]

https://www.zerohedge.com/economics/hard-asset-inflation-paper-asset-deflation-theory

It is nothing new, following the moves of the elite...the "system" is designed to lift as many boats as possible to make the fleecing more profitable...but the chickens are coming home to roost and the shift to hard assets with the best prospect for holding value commences.

Or, do as they do not as they say.

And this is a decent rundown of the food problem - https://www.zerohedge.com/political/worst-global-food-crisis-modern-history-and-it-about-go-entirely-new-level

More reality surfacing...

https://www.zerohedge.com/markets/philly-fed-business-survey-crashes-back-contraction-september

And there is this too - https://itsaboutliberty.com/index.php/topic,913.1100.html

[Libertas]

UAW ranks are filled with idiots...clapping that brain-damaged serial-lying Kenyan puppet's gibberish while his (master's) policies, especially the bogus green crap like EV that is ending their jobs...

Know what?  Maybe they should lose their jobs...maybe management should increase use of robotics and AI...whack even more morons...

What about the inventory of EV's so many don't want?  Who cares?  Then management hits the skids too...  Poetic justice for all.

Turn your back on organic energy, turn your back on what works and what people want...we will turn our backs on all of you!

[Libertas]

Corrupt fraud FJB crowing about jobs report...

https://www.zerohedge.com/markets/inside-todays-jobs-report-885000-full-time-jobs-lost-offset-1127-million-part-time-jobs

...but scratch beneath the bogus BLS number shows the darkness of Bidenomics...

*Drop in FT employment
*Increase in PT employment
*Increase in multiple job-holders
https://www.zerohedge.com/markets/inside-todays-jobs-report-885000-full-time-jobs-lost-offset-1127-million-part-time-jobs

Gonna be fun seeing the next batch of revisions.

Meanwhile, the non-elite keep getting squeezed with perma-inflation, high loan rates, costly commodities also impacted by shortages real and man-made in stuff they need like food and energy...with the next round of inflationary pressures lining up to burst loose...

Yeah, keep crowing crazy old corrupt fraud...



...judgement cometh for ye all.

[patentlymn]

Corrupt fraud FJB crowing about jobs report...

https://www.zerohedge.com/markets/inside-todays-jobs-report-885000-full-time-jobs-lost-offset-1127-million-part-time-jobs

...but scratch beneath the bogus BLS number shows the darkness of Bidenomics...

*Drop in FT employment
*Increase in PT employment
*Increase in multiple job-holders
https://www.zerohedge.com/markets/inside-todays-jobs-report-885000-full-time-jobs-lost-offset-1127-million-part-time-jobs

Gonna be fun seeing the next batch of revisions.

Meanwhile, the non-elite keep getting squeezed with perma-inflation, high loan rates, costly commodities also impacted by shortages real and man-made in stuff they need like food and energy...with the next round of inflationary pressures lining up to burst loose...

Yeah, keep crowing crazy old corrupt fraud...



...judgement cometh for ye all.

Can you explain the six sigma comment? I understand the concept but what is he referring to?

[Pandora]

Indiana Jones and the Last Crusade

[Libertas]

Bidenomics, Kenyanomics...same nation-ending BS...

https://www.zerohedge.com/personal-finance/us-producer-prices-continue-resurgence-september-gas-prices-soar

...the nefarious IRA, grotesque federal spending adding to lethal debt bomb and ruinous energy policies are ensuring inflation lives on and a recession much more likely...