Author Topic: The Economy is Going to Implode (Read 127304 times)

Weisshaupt · « **Reply #180 on:** March 21, 2014, 02:08:21 PM »

Quote

With Bernanke gone, the remaining Fed members knowing full well they will be crucified, metaphorically of course (if not literally) when it all inevitably comes crashing down, are finally at liberty with their words... and the truth is bleeding out courtesy of the president of the Dallas Fed:

FISHER SAYS QE WAS A MASSIVE GIFT INTENDED TO BOOST WEALTH
Which incidentally coincides with Bernanke's heartfelt "admission" that "my natural inclinations, even if it weren’t for the legal mandate, would be to try to help the average person." As long as helped to boost the wealth of the non-average billionaire., all is forgiven.

Yes. I will boost wealth by printing more money. Hey I know, lets make tree leaves legal tender. We will ALL BE FANTASTICALLY WEALTHY THEN..

LadyVirginia · « **Reply #181 on:** March 21, 2014, 03:48:10 PM »

Chinese have been moving into Russia esp Siberia. At some point I can see China moving to "protect" their people.

Libertas · « **Reply #182 on:** March 24, 2014, 07:46:24 AM »

Quote from: LadyVirginia on March 21, 2014, 03:48:10 PM

Chinese have been moving into Russia esp Siberia. At some point I can see China moving to "protect" their people.

They'll have to uncouple from all that hugging first...

http://www.zerohedge.com/news/2014-03-23/russia-returns-favor-sees-chinese-yuan-world-reserve-currency

The old gambit returneth.

Libertas · « **Reply #183 on:** April 07, 2014, 02:30:55 PM »

Hilarious!

http://www.zerohedge.com/news/2014-04-07/98-all-consumer-credit-past-year-was-used-student-and-car-loans

Peoples are in worse shape than gubmint...well, gubmint just hides it better in plain sight!

Embrace the boom...er, gloom!

Libertas · « **Reply #184 on:** April 09, 2014, 06:43:03 AM »

And the list of names shouldn't be a surprise here...Wells maybe (wonder if they're in too deep in student loans and bad mortgages?)...

http://news.yahoo.com/largest-us-banks-ordered-raise-capital-buffers-212857178.html;_ylt=AwrTWf1KpERTUVkANhbQtDMD

...but if these trip over the dumbed-down benchmarks, you know the situation is actually worse...as is the list of those in trouble yet not yet publicized...

Probably see Bastard Son of TARP or some such being drummed up as the next "too big too fail" campaign...

ETA - The graphics alone are worth the time with this one!

http://www.zerohedge.com/news/2014-04-08/guest-post-welcome-casino

Clearly we have to be in the "delusion" zone!

Libertas · « **Reply #185 on:** April 10, 2014, 07:53:40 AM »

Another of the "list" postings, good rundown though, nice snapshots of how unprepared most really are...

http://www.zerohedge.com/news/2014-04-09/guest-post-16-signs-most-americans-are-not-prepared-coming-economic-collapse

..the number of zombies is going to be in the mega-legion range...

Libertas · « **Reply #186 on:** April 11, 2014, 07:30:24 AM »

http://www.cnbc.com/id/101573688

Off in his timing, not off in his reasoning.

At some point very soon the wheels are going to fly off the cart...I think the public awareness that things are not as good as the Masters of the Universe say is starting to take root, I think the level of confidence people have in institutions, regulators and leaders in public and private sectors is sagging...the Kabuki with the dollar and manipulating markets is about played out...things are going to start to unbuckle, and when it starts its going to be hard if not impossible to arrest the momentum...

I keep looking at the late September to October period as being a key indicator.

Tick, tock...

Weisshaupt · « **Reply #187 on:** April 11, 2014, 09:24:30 AM »

Quote from: Libertas on April 11, 2014, 07:30:24 AM

I keep looking at the late September to October period as being a key indicator.

Tick, tock...

I think I have convinced the wife this the is year we really empty the IRA completely ( and build a barn with the money)
I was way off on the timing before because I vastly overestimated average human intelligence and vastly under-estimated the resilience of normalcy-bias and the human tendency to stick with the Status Quo. I wrongly assumed that because I was willing and bale to head of the well trodden stock path, the rest of the herd could to. I was wrong.

This is coming, but I am now a proponent of the long slow, but punctuated slide scenario.

So yes, a stock collapse (Dow down over 2000 - perhaps back to 7-8000) is likely this year - if the Market was left to itself. But its not. If a "crash" begins you can bet there is a Fed sponsored HFT machine that will simply bid it all back up with printed money , and continue to do so..( In the end don't be surprised when the Fed announces the US Government owns, via various cronies, majority shares in every major international and US company)

There will only be a "crash" if TPTB decide one would be politically beneficial. In an election Year, I find this doubtful. Or at least not till after the first week of November. Of course their hold on the election cycle may be so secure, it isn't even a concern.. but rest assured that the collapse will occur ONLY when TPTB determine the chaos could be used to advance their agenda. But they need controlled chaos - so they will drop everything by stages if they can... So a 4000 point drop in the Dow- causing an "emergency" in which they force all IRAs to be converted to MyRAs. (the "MY" indicating the Govt's ownership. Gotta love Orwell) They then pump up the Stock market again using QE. And people will buy it because they are so invested in the status Quo they will do and accept ANYTHING to continue it for another year, another month, another day. As that is the case, we will be killed slowly and over time by the inevitable corrosive effect of inflation. Even if all of the dollars came home to roost, you can bet that the US Government will sell assets and do everything it can to grab and sequester that money. ( A 200% tax on foreign acquisition of US Assets perhaps) - But even if they managed to grab all of it , you still don't have enough to pay the debt, but you have enough to buy more time, and so on..

Every year or two we will have a "crisis" in which they push in new regulations, steal more property, deprive us of more rights, and the inflation will just get worse and worse, till we are living at 3rd world standards.. At some point it will collapse outside of the TPTB's ability to stop it, or there will be outright rebellion and successions, but at that point, it may not be very far to fall - because as long as there is a semblance of the Status Quo people will do anything to maintain it. Its going to have to get a lot worse before it gets better.
Plan accordingly.

Libertas · « **Reply #188 on:** April 14, 2014, 07:33:23 AM »

Everybody speculating the tech bust...if it is that common knowledge the real players have already made their moves, the rest is scripted chaos...

Libertas · « **Reply #189 on:** April 17, 2014, 08:18:30 AM »

Pretty good definition of "unsustainable"!

http://www.cnsnews.com/commentary/terence-p-jeffrey/86m-full-time-private-sector-workers-sustain-148m-benefit-takers

86 for 148...1.72 deadbeats for every worker...and the former is decreasing daily and the latter increasing daily and can only accelerate under more progressive rule...

Yeah. We getting close...all we really need is a loss of confidence in Unca's ability to pay his bills on time and POOF! The shat will hit the big fan!

Libertas · « **Reply #190 on:** April 22, 2014, 07:06:53 AM »

Never really dropped much since FDR (a blip here or there under JFK & Reagan)...but Obama needs to lock rates in becuase cutting spending means cutting welfare and cutting welfare means pain at the polls so...

Bleep it, break the damn thing already!

http://cnsnews.com/news/article/terence-p-jeffrey/obama-calls-highest-sustained-taxation-us-history

Libertas · « **Reply #191 on:** May 02, 2014, 07:30:27 AM »

This is a nice rundown...

http://www.zerohedge.com/news/2014-05-01/weaning-stock-market-casino-capitalism-will-be-anything-pain-free

...but no, if pain is involved, there will be no unwinding, no decoupling of casino capitalism or crony capitalism...the Fed, all the PTBs are locked on one course, they dare not cause much pain or they'll be suicided...

Weisshaupt · « **Reply #192 on:** May 02, 2014, 08:49:49 AM »

Quote from: Libertas on April 17, 2014, 08:18:30 AM

Yeah. We getting close...all we really need is a loss of confidence in Unca's ability to pay his bills on time and POOF! The shat will hit the big fan!

Unca' will always pay his bills. He has a printing press. I am beginning to think there are very few events that would cause a catastrophic loos of confidence. The smart people with dollars won't panic anyone, because they want to ensure they get to head to the lifeboats peacefully and without getting trampled. The Dance band keeps playing and will - even when the icy water is lapping around their ankles. Confidence is high- the US Economy is unsinkable after all.

But I suspect the water will creep in slowly - and not suddenly, unless a war rips a hole in the side of the ship (which it may)
War gives them excuses to issue ration books, detain people without trial, set up internment camps and implement a police State.
They want a war. I am not sure Russia or China will oblige however - they know Obama is too cowardly to attack them.. now attacking Americans - thats different. So False flags are possible.

Libertas · « **Reply #193 on:** May 02, 2014, 11:41:03 AM »

Eventually though Ponzai schemes always collapse, we already see evidence that it is running out of hiding room, and everytime more people get crushed out of the middle class the PTBs magic number of days left to survive dwindles...when enough people have been forced to accept being wards of the state or revolt, the additional numbers added to the victim pool ensures revolt comes eventually. So you could be right the actual collpase might be slow and drawn out, but the very forces contributing to that contribute to speeding their own demise as well, and it could be a cascade kicks off that turns into a big rip. I think we'll be set at each others throats or in the throes of some sort of choas one way or another...

Libertas · « **Reply #194 on:** May 05, 2014, 02:21:11 PM »

Oh oh!!!

If you aren't out soon...may be in for a real rocky ride!

This Coppock thing is spooky!

http://charleshughsmith.blogspot.com/2014/05/coppock-market-message-get-out-and-stay.html

30% would be optimistic...

http://www.cnbc.com/id/101550506

Libertas · « **Reply #195 on:** May 07, 2014, 11:41:55 AM »

If you are not a crony of statists strong or lite...your just another loser...

http://www.zerohedge.com/news/2014-05-07/janet-yellen-may-have-problem-explaining-slide

More class warfare called for?

Libertas · « **Reply #196 on:** May 08, 2014, 07:07:24 AM »

Yellin is screaming for more pumping!

Sounds dirty...and really, it really is!

http://www.bloomberg.com/news/2014-05-07/yellen-says-high-degree-of-accommodation-remains-warranted.html

Yes, keep expanding the bubble, that always works.

The Bernanke sure got out at a good time...

Weisshaupt · « **Reply #197 on:** May 08, 2014, 10:25:21 AM »

One of the better analysis papers I have seen on where we are, how we got here, and why there is no escape.

Libertas · « **Reply #198 on:** May 09, 2014, 08:06:24 AM »

"If the State fails to satisfy enough of the citizenry's demands, it risks social instability."

No shyt?!

But to satisfy the FSA the middle class must be crushed, there is nobody left to loot, as the elite become more and more concerned with protecting what they have instead of staving off disaster by increasing investment, but what Captain of Industry wants to invest in something the state has to destroy in order to satisfy the parasitical masses? The whole the political-economic scheme is self-defeating, and this is why we DO NOT have capitalism, because capitalism can only thrive when all who participate in it value work, value achievement and value reward for risk and achievment.

This can and will only end in blood. The progressive's made sure of it.

ETA - Oh, and this does nothing at all to help the situation...unless by help you mean push it harder into the toilet...

http://hosted.ap.org/dynamic/stories/E/EU_REL_VATICAN_UN?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-05-09-06-31-28

Weisshaupt · « **Reply #199 on:** May 09, 2014, 09:47:02 AM »

Hey Remember when Jesus told you to take up your sword and go to your neighbors house, take his wealth, cutting his throat if he attempts to stop you, and then taking that wealth to go do good works? Yeah, neither do I. Had a libtard take exception when I said that once. Told me that in the old testament "charity" is derived from Justice and that Jews had some sort of mandatory collection for the poor as a form of "justice" ( Yep, thats right. Social Justice) Completely lost on this jerk were the facts that 1) New Testament and Jesus used :Charity" as derived from the word "love" 2) That they obviously on't give a crap about the separation of church and state when they are trying to impose the laws of a religious sect on everyone.

But we all knew that Leftism is a religion.

Quote from: Libertas on May 09, 2014, 08:06:24 AM

The whole the political-economic scheme is self-defeating, and this is why we DO NOT have capitalism, because capitalism can only thrive when all who participate in it value work, value achievement and value reward for risk and achievment.

I would go further. In Capitalism VALUE is what is traded.. The value of something is determined by the individual, and it must be traded voluntarily. If we didn't value what others have more then what we have, then no trade would occur.

Any system in which the symbols of value (money) is corrupted is not capitalism
Any system in which transactions concerning value are coerced isn't capitalism
Any system in which those who corrupt the symbols of money or coerce trades are not punished, isn't capitalism

Who is against Capitalism then?
Those who produce noting or little of value to others, and who wish to consume more than they produce.
They therefore must survive by begging, lying, tricking, stealing or killing others for what they produce, and therefore advocate debasing currencies and corrupting govt systems so that they aid in coercing trades, rather than in preventing that behavior.

They will of course tell you its for "your own good", they will tell themselves its because "they care", but in the end it ALWAYS boils don to this : They are worthless parasites who wish to leech off of others and consume more value than they produce.
ALWAYS.

.