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Author Topic: The Economy is Going to Implode  (Read 212796 times)

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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #900 on: July 06, 2023, 01:34:21 PM »
https://www.zerohedge.com/markets/something-just-snapped-consumers-panic-search-pawn-shop-near-me

This FJB economy is banging (people into destitution)...

It's no surprise really...just the rectal end of the GIGO principle...
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #901 on: July 20, 2023, 02:45:59 PM »
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Offline ToddF

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Re: The Economy is Going to Implode
« Reply #902 on: July 20, 2023, 05:00:31 PM »
Phoenix is also throttling the construction of housing due to water shortages combined with too much growth.
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #903 on: July 24, 2023, 08:59:16 AM »
All this strike-happy stuff is going to help muck things up too...Yellow likely DOA, UPS looms, one airline so for poised to face a strike...St notes still paying better than LT ones...Fed still plowing ahead with digital in a runup to final power grab...increasingly weaponized IRS targets taxpayers in 4 storm victim states with threats...FJB threatens gas-powered everything will start a panic...idiots continue to earn more that actual productive people and going after everything energy-related is stupid and likely to cause economic chaos and piss people off...throw in wars and pending wars...it looks like a target-rich environment for doom...

H/T-CTH
« Last Edit: July 24, 2023, 10:36:39 AM by Libertas »
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #904 on: July 24, 2023, 10:28:04 AM »
H/T-CTH
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #905 on: July 25, 2023, 12:41:16 PM »
Leave it to the globalist totalitarians in the IMF to perfectly define "financial repression"!

When I first heard the term “financial repression,” I thought it had to be a joke. Why would governments and central banks use a term with such a negative connotation? Even people who are financially illiterate will still understand that financial repression is a bad thing. Nonetheless, financial repression is real and will destroy the bond market.

Simply put, financial repression is strategy governments use to reduce their debt burden by manipulating interest rates below inflation. It allows them to borrow in dollars and repay in dimes.

Here’s how the IMF describes it:

“High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or below-market real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for government debt, limiting tax-base erosion. Financial repression is most successful in liquidating debt when accompanied by inflation.”

For example, if inflation is 9% and governments fix interest rates at 4%, there is an ongoing wealth transfer of 5% from the lender to the borrower that compounds over time.

I think financial repression is how the US government will try to manage its otherwise impossible debt situation by siphoning off the wealth stored in Treasuries.

The idea is to stealthily confiscate wealth from bondholders without causing too much alarm. However, there is a good chance that bondholders will figure out this insidious scam and dump their bonds, pushing interest rates higher.

Since the Fed cannot allow rates to rise much further without sparking the bankruptcy of the US government, they’d be forced to print more dollars to try to counteract the rising rates. However, that would cause inflation to increase and bondholders to seek an even higher interest rate to compensate for the inflation, creating a self-perpetuating doom loop.

That could invite a disastrous financial collapse or even hyperinflation. I expect the US government understands this and will implement measures to block the exits (capital controls) and corral more people into Treasuries through various mandates and regulations as they impose financial repression.

Many countries have forced private retirement funds into unwanted government debt. I have no doubt the US government would do the same under pressure.

They could try to sell it to the scared and ignorant public as a safety measure, to help people protect their retirement savings by putting them into “safe” Treasuries amid a stock market collapse. They could try to sell it with patriotic lies and then push War Bonds, as they’ve done in the past. They could mandate that some amount, say 25% of new contributions to private retirement accounts, must consist of Treasuries—for your own good, of course. They could forcibly convert existing assets held in retirement accounts into government bonds.

No matter the method, the result is the same. These schemes corral more wealth into Treasuries, where financial repression can easily take it. At the same time, I’d expect the mainstream media to ramp up its propaganda and gaslighting on inflation.

They’ll blame supply chain problems, Vladimir Putin, and greedy corporations… anything but the Fed’s currency debasement as the source of inflation.

Further, we can expect the government to change how it calculates inflation—to show fewer price increases—and raise its official inflation target from 2% to 3% or higher.

In Argentina, the government made publishing inflation statistics that differ from the official government numbers illegal. I wouldn’t be surprised if the US government did something similar.

At a minimum, discussing inflation statistics other than the official, crooked CPI might be deemed disinformation and cause you or your business to be de-platformed.

In short, expect a whole slew of shenanigans to rope people into Treasuries and lie to them about inflation to maximize the wealth they can steal with financial repression.

Here’s the bottom line. I think currency debasement is the inevitable outcome of the US government’s impossible debt situation.

The only question is whether the currency debasement will occur in a relatively controlled fashion (financial repression) or it will spiral out of control (potentially hyperinflation). Either outcome is catastrophic for bondholders.

https://discernreport.com/turn-the-tables-on-financial-repression/

Only sane response is to exit the trap.  Hello bartertown.
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #906 on: July 31, 2023, 10:59:49 AM »
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #907 on: August 02, 2023, 10:04:42 AM »
https://www.cnbc.com/2023/08/01/stock-market-today-live-updates.html

Corrupt government has consequences...

Lucky it was just to AA...

 ::unknowncomic::
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #908 on: August 02, 2023, 02:43:00 PM »
Corrupt compromised illegitimate FJB spews venomous lies yet again...


https://www.zerohedge.com/political/biden-blames-downgrade-trump

Scum is always devoid of shame...why would Evil be ashamed of being Evil?

Speaking of scum...

In any event, it is very unlikely that red states will allow BlackRock to use its so-called Voting Choice ruse as a shortcut around its fiduciary obligations.

https://www.zerohedge.com/political/blackrock-and-its-esg-voting-choice-ruse

BlackRock dumbocracy will not shield shareholder lawsuits.  Enjoy the pummeling!   ::effu::

And, ALWAYS defy unconstitutional despotic bans of despots!

https://www.zerohedge.com/political/incandescent-light-bulb-ban-started-august-1-gas-stove-ban-coming-next

 ::doublebird::
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Offline Pandora

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Re: The Economy is Going to Implode
« Reply #909 on: August 02, 2023, 09:08:35 PM »
If you have a gas stove, buy components and parts now.
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #910 on: August 07, 2023, 09:44:20 AM »
Obama-Biden economic theory loves destructions...

https://www.zerohedge.com/markets/yellow-files-bankruptcy-blames-union-30000-american-jobs-lost

...pretty sure they are all cackling with glee and releasing more missives for the MFM lapdogs to run with blaming Trump...

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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #911 on: August 07, 2023, 01:16:00 PM »
The casino exuberance and hopefullness for the future seems too rosey by some and not so bad by some...

https://conservativeplaybook.com/2023/08/07/7-trends-which-indicate-economic-disaster-is-rapidly-approaching/

Too many troubling signs bode ill for the future...I do not see easy ways out for most if not all of them...
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #912 on: August 09, 2023, 12:16:41 PM »
https://www.thegatewaypundit.com/2023/08/biden-economy-moodys-downgrades-10-banks-big-banks/

Bad, with worse being if those 6 under review get lowered...

The Kenyan's economy via his FJB proxy is doing the damage it is intended to do...
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Offline patentlymn

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Re: The Economy is Going to Implode
« Reply #913 on: August 09, 2023, 03:22:26 PM »

Anna from Poland had Michael Hudson on for a fast paced Q and A.
When I heard of Michael Hudson I heard the word "Marx."
My thought process was Marx = Marxism - Communism = hundreds of millions dead. Plus Marx was a flake.

Hudson never says the flaky parts of Marx. When he does mention suggested changes he mentions ways to change the tax system so capital gains are not able to escape taxes in the US.
Not all of Marx analysis was wrong. Hudson often mentions Vol 3 of Kapital, which is seldom read.

https://youtu.be/i6vZaTe-WGU
[lowkeysays]https://youtu.be/i6vZaTe-WGU[/lowkeysays]
 LIVE W/ MICHAEL HUDSON: ABOUT THE DEBT, SPONSORS OF THE WARS, FUTURE OF USD AND BRICS.
Through the eyes of

35 min. He describes his book Super Imperialism written  in 1972, after the US went off gold. Most of his books sold in DC went to the CIA and the DOD. Herman Khan offered him a 4x raise to work for his institute to teach the WH and DOD how this worked. Elsewhere he said that he meant the book as a warning but they used it as a "how to manual."
This is over my head.
https://youtu.be/i6vZaTe-WGU?t=2098
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #914 on: August 11, 2023, 09:11:08 AM »
Of course there is still inflation sticking to the walls of the pipeline...

https://www.zerohedge.com/personal-finance/producer-prices-rose-more-expected-july-money-management-fees-soar

...wtf do you think this Lightbringer economy was going to do...improve under all the intentional destruction being wrought upon it?

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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #915 on: August 14, 2023, 09:32:08 AM »
Hard to argue with...

https://www.zerohedge.com/political/country-has-already-become-banana-republic-holter-warns-mad-max-scenario-imminent


...and the BRICS are set to knock down the world reserve status of the dollar a bit...dollar won't go anywhere soon...but the impacts will conspire with others over the longer term and hasten the unsustainable day of reckoning...
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #916 on: August 15, 2023, 08:42:32 AM »
https://www.zerohedge.com/personal-finance/empire-state-survey-scream-stagflation-new-orders-plunge-presice-paid-surge

Yeah, confirms everything I've been seeing...

The planned destruction will continue until all serfs know their place...
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #917 on: August 16, 2023, 09:33:31 AM »
H/T-CTH

Dang if that doesn't apply to everything being thrown at us!!!
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #918 on: August 21, 2023, 11:37:23 AM »
Yeah...

https://www.zerohedge.com/markets/peter-schiff-fed-no-win-situation

The have to raise to stave off worse pain later...but the problem is the contracting economy is not bringing down inflation enough or at all...those other pressures and problems remain...expanding debt...idiotic energy policy...idiotic taxation policy...idiotic, well fill in the blank...

Traditionally a point is reached where the pols/cronies demand a replenishment of liquidity...and the can gets kicked...building up the tsunami and the poor citizen lucky to be able to afford the basics and have a job before all is washed away...

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Offline ToddF

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Re: The Economy is Going to Implode
« Reply #919 on: August 21, 2023, 02:20:33 PM »
$2 trillion deficits with no end in sight.  No interest rate increase will offset that.
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