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Author Topic: The Economy is Going to Implode  (Read 195746 times)

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Offline Pandora

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Re: The Economy is Going to Implode
« Reply #1080 on: June 11, 2024, 02:20:00 AM »
Quote from: ToddF on June 10, 2024, 06:08:49 PM
That article only said a hand full closed and it seems they were all in California.  Also, WalMart bugged out of Chicago due to crime.  Plus Target pushing the gay in peoples' faces chased more into the welcoming arms of WalMart.

Which is also doing 'teh gay' in certain locations.
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1081 on: June 11, 2024, 08:30:29 AM »
https://www.zerohedge.com/economics/shortage-skilled-trade-workers-crippling-some-industries

See, if the horsesh*t higher ed pimps would stop telling every kid they deserve to go to college and get any kind of degree (total BS!) and be honest with them and point to trade schools as a better route to career stability and economic independence than that gender studies degree from Wackadoo State University and piles of debt...they and the nation would be better off.
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Offline patentlymn

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Re: The Economy is Going to Implode
« Reply #1082 on: June 11, 2024, 11:07:51 AM »

Years ago Target banned Salvation  Army from collecting at Christmas. That did not help.
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1083 on: June 12, 2024, 09:06:10 AM »
They game the CPI numbers by a point and they think they are bullsh*tting the American consumer inflation is cooling, LOL!

https://www.zerohedge.com/markets/consumer-prices-hold-record-highs-20-biden-elected

Wait for the perpetual revisions...which are also gamed...  Hey, lets pull something else essential out of the basket, yeah...that's the ticket!



 ::hysterical::

ClownWorld, dontchya know?
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1084 on: June 19, 2024, 01:25:01 PM »
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1085 on: June 20, 2024, 09:10:15 AM »
https://theconservativetreehouse.com/blog/2024/06/19/they-rarely-report-the-revisions-three-months-of-2023-job-gains-wiped-out-after-updates/

The economic numbers are kabuki...and I expect the clowns to gin up a reason to cut rates and make things briefly better but oh so much worse for the future...

But the largest emphasis by Sundance that corruption and fraud beget more corruption and fraud...

Call it the Disease of Empire that toppled many a kingdom and nation throughout human history...a history Our Founders tried to map a way around...but as they warned, once the people lose morality they start to lose moral leaders, and the corruption and fraud gain deeper and deeper footholds...until one day it just all collapses.
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Offline patentlymn

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Re: The Economy is Going to Implode
« Reply #1086 on: June 25, 2024, 07:58:21 AM »

This ret col talks about a lot. Better than usual. At 22 min he talks about the CBO and the national debt. He says what others have said. US military adventures will continue until they can't.

https://youtu.be/FeragzXk8gM?t=1110
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1087 on: June 25, 2024, 01:31:53 PM »
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1088 on: June 26, 2024, 08:36:29 AM »
https://www.zerohedge.com/political/global-inflationary-depression-already-here

The scariest chart there is the saving/credit card debt one...

I screeched on that like a canary in a coal mine months ago...

We stay stuck on FJB stupid and this show ends badly a lot quicker than most people think...
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1089 on: June 27, 2024, 08:47:44 AM »
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Offline patentlymn

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Re: The Economy is Going to Implode
« Reply #1090 on: June 28, 2024, 02:45:31 PM »

Here is a video summary of a previous ZH post by Libertas as I recall.

At 4:47 differences between govt nd private payrolls reports.


https://youtu.be/w9ef7lHnlJQ
Govt vs private job numbers
https://youtu.be/w9ef7lHnlJQ?t=281

No US born net job increases since May 2018
https://youtu.be/w9ef7lHnlJQ?t=374

All net job increases since Feb 2023 came from part time jobs
https://youtu.be/w9ef7lHnlJQ?t=410




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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1091 on: June 29, 2024, 10:49:03 AM »
Yes, growing - government not private, which is not good short -term or long-term...  Growing - part-time not full-time, also not good...  Growing - non-native labor, also not good, and also explains why Blacks & Latino's are being attracted to Trump, illegals flooding in affect them too...
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1092 on: June 29, 2024, 12:30:01 PM »
H/T-CTH

Stark that picture is.
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Offline patentlymn

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Re: The Economy is Going to Implode
« Reply #1093 on: June 29, 2024, 03:05:33 PM »
Quote from: Libertas on June 29, 2024, 10:49:03 AM
Yes, growing - government not private, which is not good short -term or long-term...  Growing - part-time not full-time, also not good...  Growing - non-native labor, also not good, and also explains why Blacks & Latino's are being attracted to Trump, illegals flooding in affect them too...

Tucker was accused maybe by the AU reporters of pushing the "great replacement theory" as replacing whites. He said it was replacing US native born which includes blacks and Hispanics. 
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1094 on: July 03, 2024, 09:12:50 AM »
Bidenomics breeds misery and suffering and just a sh*t-ton of hardship...

And crime - https://www.zerohedge.com/technology/seattle-thieves-targeting-ev-charging-stations-has-reached-epidemic-proportions

Kinda funny too, BidenBandits targeting Greeniac infrastructure... 

And is weak jobs data (previously Fed subordinate concern behind inflation target) going to give the excuse to start cutting rates?

https://www.zerohedge.com/personal-finance/adp-payrolls-disappoint-june-3rd-straight-monthly-decline-additions

They do that I bet a spike in inflation comes that is an unpleasant October surprise for, well whatever demonazi is their sacrificial standard bearer!
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1095 on: July 08, 2024, 03:32:14 PM »
My first reaction at this headline -

Credit Card Debt Unexpectedly Surges As Card APR Hits New All-Time HIgh

- was "unexpected by who?" with the obvious answer being "an imbecile"...

But then I read on and see ZH did basically fess up to their foolishness...so they were just teasing us after all...

One month after we recorded the first decline in revolving credit (i.e., credit card debt), since the covid crisis, the expectation was for continued consumer retrenching and more credit card paydowns at a time of record high APRs. However, it is far easier to drag the horse to the water and to get him to drink, than to keep spending-addicted US consumers away from their credit cards all time high APRs be demand, and according to today's latest release of Consumer Credit data from the Fed in May revolving credit surged by a whopping $7 billion, a sharp reversal to the April drop of $0.9 billion and the biggest increase since February.

https://www.zerohedge.com/markets/credit-card-debt-unexpectedly-surges-card-apr-hits-new-all-time-high

And the Wyle E Coyote moment for the next big surge in Bidenomics claiming millions of victims will occur when they hit that hard wall on limits and stop paying payments...which then results in the catapult moment when the rest of us not so irresponsible get kicked in the groin as lenders go belly up...

 ::outrage::
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1096 on: July 15, 2024, 01:05:50 PM »
https://www.zerohedge.com/markets/watch-live-fed-chair-powell-speaks-david-rubinstein

Any cuts until inflation is subdued (and no, even 2% should not be a tolerable level!) would fuel a larger spike later...ensuring any future shocks would exacerbate the situation and implode the system into a possible re-run of 1929.

Any cuts would be purely political to benefit incumbents...which from the top-down appears to be pointless in that it appears the leftists are poised to be soundly drubbed.

But, stupid is as stupid does...so I expect stupid.
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1097 on: July 25, 2024, 12:07:26 PM »
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1098 on: July 30, 2024, 09:10:00 AM »
https://www.zerohedge.com/markets/buffett-disposes-71-million-bofa-shares-berkshires-cash-stockpiles-rise

Looks to me somebody wants to lock in some gains now rather than loose it all later...

Losses on the horizon?  Looks like it.  And the little talked about rising credit defaults have to be starting to crest...all those younger workers struggling under the horrific Biden-Harris economy, especially inflation...maxed-out credit cards and no relief in sight...going to be a surge of bankruptcies...
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1099 on: July 30, 2024, 01:05:31 PM »
Well, Build Back with Bolshevikism was never about economic success and happiness of citizens...

https://www.thegatewaypundit.com/2024/07/gigantic-retailer-closing-doors-559-stores-across-america/
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