“This Is Going to Make 1932 Look Like a Church Picnic”

originally posted by: dandandat2

originally posted by: MiddleInsite
"The sky is falling!"

"The sky is falling!"

That may be true, it may not, but for today, I'm just going to enjoy the sultry warm weather and we're having BBQ steak for dinner.

Followed by a horror movie and a good night's sleep.

Doom and gloom? Perhaps. Just not today.

The "Global Meltdown" forum is littered with year after year after year of economic doom porn .... Dyer predictions of economic melt down predate the internet.

What's different today than in the past?

Thats not to say their won't be recessions and much less frequently depressions. And people should always be prepared for lean times.

Buy the chicken little addetude just waist the good times ahead.

BBQ and a beer sounds good. Its way hot outside, im sweeting my pig pongs off setting up the kids pool.

I agree that there is a cottage industry of feeding off of negativity, particularly negative financial predictions, but it is undeniable that we are in unprecedented times, or at least we're in a position we haven't been in almost half a century (since the energy crisis under the Carter administration in the 70's)

Here is a chart of consumer price index (measure of inflation) for the past 25 years:



Check out the recent data in the red box. Inflation rate is going parabolic (i.e. shooting up like a rocket).

I don't have time to post the other economic indicators like charts of oil pricing, gas at the pump, and other signals that clearly show how truly disastrous the handling of the US economy has been since '20, under the Biden administration.

I find it disconcerting that the people that helped instigate this historic economic meltdown by voting for Biden, are just shrugging their shoulders and going on with life as if everything is hunky dory. These people voted for Biden, despite the fact he was known to be failing mentally, is a lifetime politician (I guess a used car dealer before his 50+ years of feeding of the public teet), and was predicted to be a figurehead POTUS that would be manipulated like a puppet to bring about economic policy that was against the interests of the American people.

All of this, due to Trump Derangement Syndrome and single issue voters obsessing over abortion or "racial justice" or some other wedge issue, while the Titanic they're on is slipping under the waves, at an ever growing speed.

So let the good times roll now I guess, and enjoy them, because there is trouble on the horizon, and pain ahead. Just remember Biden voters, you wanted this.

People seem to think a stock market crash is bad.

At the same time they seem to think inflation is bad.

This makes no sense.

Seems to me, the only way to get rid of inflation is a market crash.

All that worthless speculative crap called stocks, bonds, futures contacts, and cryptocurrency is like a shock absorber for inflation.

The root cause of inflation is rich people spending their ill gotten gains, while poor people go into debt.

Speculative crap keeps those ill gotten gains tied up, preventing it from being spent.

But if rich people can sell their speculative crap for a gain, and then spend those gains on everyday goods, then that will drive up the prices of everyday goods.

Now if there is a market crash, many will lose their ill gotten gains, and then they won't be able to drive up prices.

So bring on the market crash please. They call it a correction for good reason.

The other alternative is to keep pumping up prices until society collapses. What's worth more to you, society or the stock market?

What we are seeing now is not new, but is worse than it has been for quite some time.

The economy as we know it, which is nothing but a giant global ponzi scheme, is entirely untenable. We have built enormous wealth, but did so with enormous amounts of credit. One thing that has been ignored is the simple fact that you can not solve a credit crisis with more credit. In its purest form that translates in to an enormous amount of debt that is never going to be paid off. The $64,000 question is what effect is that going to have on the average person?

Capitalism is going to have to change or it will simply be discarded because what we have done so far has been a complete failure in that it provides no future. Our economy is based on the belief that tomorrow there will be “more” than there is today. In truth, the future is going to look very different from that past in that at some point the economy is going to stop growing. That day may be here now.

The problem is trillions of dollars of debt, personal and institutional, relying on fiat currencies with no real value and the effect of the end of global economic growth = massive inflation. The only real solution is like Weimar, Germany replacing the standing currency with something else. You could go to bed tonight with $100,000 USD in the bank and wake up with $10,000 Patriot dollars (or whatever they will be called). Then there is the matter of what, if any, foreign institutions will recognize that currency and accept it at the value at which we present it. The only real value of our currency today is the continued belief that it will be worth something tomorrow. At some point that will cease to be.

Right now the US economy is in some kind of Wile E. Coyote moment where we have stepped off the cliff and we are just hanging there waiting for gravity to notice. The government is trying to keep us in the air by throwing mountains of cash at us but that eventually will fail. It has to. When it does and the freefall begins, we will be forced to acknowledge that the socialism the left has literally demanded has finally arrived. Skyrocketing prices, empty shelves, rising unemployment, crime, revolt, etc. This generation cant handle conditions like the Great Depression. This generation cant handle a weak wifi signal...

On Black Tuesday in 1929 the stock market lost 12%. In the next few months it lost another 40%. By the mid 30's the stock market had lost roughly 90% of its value. In the great depression over one fourth of the population, about 35 million people, lived in a family where no one had a job, out of a population of 120 million. A similar event with the present population would be catastrophic. Basic needs, food, water, shelter, will no longer be assumed. Rural areas will likely make due but they are by far the minority in terms of population.

originally posted by: Vroomfondel
What we are seeing now is not new, but is worse than it has been for quite some time.

The economy as we know it, which is nothing but a giant global ponzi scheme, is entirely untenable. We have built enormous wealth, but did so with enormous amounts of credit. One thing that has been ignored is the simple fact that you can not solve a credit crisis with more credit. In its purest form that translates in to an enormous amount of debt that is never going to be paid off. The $64,000 question is what effect is that going to have on the average person?

Capitalism is going to have to change or it will simply be discarded because what we have done so far has been a complete failure in that it provides no future. Our economy is based on the belief that tomorrow there will be “more” than there is today. In truth, the future is going to look very different from that past in that at some point the economy is going to stop growing. That day may be here now.

The problem is trillions of dollars of debt, personal and institutional, relying on fiat currencies with no real value and the effect of the end of global economic growth = massive inflation. The only real solution is like Weimar, Germany replacing the standing currency with something else. You could go to bed tonight with $100,000 USD in the bank and wake up with $10,000 Patriot dollars (or whatever they will be called). Then there is the matter of what, if any, foreign institutions will recognize that currency and accept it at the value at which we present it. The only real value of our currency today is the continued belief that it will be worth something tomorrow. At some point that will cease to be.

Right now the US economy is in some kind of Wile E. Coyote moment where we have stepped off the cliff and we are just hanging there waiting for gravity to notice. The government is trying to keep us in the air by throwing mountains of cash at us but that eventually will fail. It has to. When it does and the freefall begins, we will be forced to acknowledge that the socialism the left has literally demanded has finally arrived. Skyrocketing prices, empty shelves, rising unemployment, crime, revolt, etc. This generation cant handle conditions like the Great Depression. This generation cant handle a weak wifi signal...

On Black Tuesday in 1929 the stock market lost 12%. In the next few months it lost another 40%. By the mid 30's the stock market had lost roughly 90% of its value. In the great depression over one fourth of the population, about 35 million people, lived in a family where no one had a job, out of a population of 120 million. A similar event with the present population would be catastrophic. Basic needs, food, water, shelter, will no longer be assumed. Rural areas will likely make due but they are by far the minority in terms of population.

The bold statement above resonated for me, and to state the problem differently, the fundamental flaw with the current economic system seems to be the notion that unlimited, unchecked growth, more wealth, more jobs, more manufacturing, more material possession, more housing developments, more currency in circulation, more of everything, MORE MORE MORE, is possible to achieve and can be maintained.

I would argue here that the philosophy ascribed to the alleged "New World Order" crowd concerning the need to keep global human population in check is a sensible and necessary.

If you keep pumping more human beings into the herd, then, for those human beings to exist, subsist, and contribute to society, they need gainful employment; roofs over their head; food; clothing; etc etc. Fiat currency is just a tool in the toolbox to tune and tweak the current economic paradigm to keep the system clunking and clanging along for juuust a little while longer, despite the clear broken model and flawed thinking that goes into, e.g. fiat currency, no consideration of limiting expansion and growth for the benefit of everyone, etc.

When the money pump runs dry, then there will be no mechanism to keep on providing and distributing the basic necessities for a herd that is way too over-extended and over-populated. When that happens, the segments of the herd that are not getting adequate resources to subsist will get ornery and angry and violent, and then the infighting among the herd will commence, until likely the size of the herd is self-regulated into a more manageable and sustainable size.

This epiphany about a correlation between keeping "the size of the herd" in balance with maintaining harmony and peace among the herd seems to have been realized a while back by the "industrialized" countries (the ones that are often criticized by some for having a population that isn't growing!!). Those countries seemed to have reached an equilibrium on family size and population. Unfortunately, other places on Earth that, in total, contain about 1/3 of the world's human beings, are late to the party in that insight, and now their billions of herd members want them some o' that Democracy and Capitalism, and sadly, there ain't enough of it (nor will there ever be) for 7+bln human beings. The herd is starting to get antsy as the feed and water and housing is getting a little tight, and this is a precursor to a culling of the herd, by Mother Nature or by the herd itself.

a reply to: SleeperHasAwakened

You are correct. The idea that tomorrow there will be "more" is just not true. We live in a world of finite resources. We are fighting a war against depletion and depletion is winning. Unfortunately. most people are ignorant creatures when it comes to things like this. Most are happy to just cruise along sucking up resources and believing that some greater power has a plan for when things go bad. They need a visual queue to alert them to the fact that something is wrong. They don't acknowledge that there is a bottom to the barrel until they can see it. By then its too late.

a reply to: Vroomfondel

Capitalism isn't going to change. It is what it is - I have or provide what you need. What do you have to exchange for it, and can we make a deal?

What needs to change is all the numerous rules and regulations surrounding that basic truth of life and society.

a reply to: ketsuko

To clarify, capitalism itself as a concept is fine. Its just that it has been horribly mismanaged in this country much to the detriment of our economy. The idea that capitalism in the form of debt financing more debt as a method of generating wealth will have to change. Yes, it has worked until now, but what happens when the debt has to be paid? It all falls apart...

Idk what to say about it in comparison since economics these is more digital an thickle then old fashioned economics. I recall watching a video of one more the more reputable investors saying that it was a miracle at this point that they can keep printing money, and not lose their #.

When originally heard it, it didn't make sense why it was such a big to deal to him. Then getting a little more into free market investing thing clicked ina little.

Back then, this would have a more immediate effect to the point, where markets an even banks would close. Credit wouldn't be even offered due to driving things would be in comparison due bad economics, rather then scarcity cause by a dust bowl, an a over saturated job market.

Heck if it was that bad, banks wouldn't be still offering credit limit increase an pay day loans would be a rare thing, especially with those with bad credit that shouldn't have get #in loanz(sorry).

There the Gold standard, but the Brown One still rules it all, what good Gold of it can't buy you bread, especially when there plenty or worse, none.

a reply to: Vroomfondel

Might be there was something to the idea that all debts were supposed to be cancelled every 7 years in the Bible. It was called Jubilee. Smart people would figure that out and set any repayments to be made by the time one rolled around one would think.

a reply to: ketsuko

The interesting thing about creating money, which is done by making loans, is it is only the principal amount of the loan that is created as money. The interest is not created. So there is never enough money in circulation to pay all the loans. That might be some reasoning as to why the LORD commanded loans be written off every 7 years.

Banking is quite an oppressive practice.

a reply to: v1rtu0s0

Put Trump back in, or DeSantis or Rand Paul and grant them total power. Dissolve the Fed. Erase the national debt, or at least dismiss all interest payments retroactively on the fiat currency. The dollar isn't backed by anything so there can be no interest charged on it. Seize the assetts of the Rockefellers, the Bilderbergs, the Rothchilds,the World Bank. Undo every illegal action Insurrection Joe did in his stolen term. Then haul his ass and every one of his appointees off to prison awaiting trial for high treason. The CIA... gone. The FBI... gone. Turn real investigators on every government agency and grant limited immunity of those who sing like canaries. The country could pull itself back from the brink but the government would be tossed on the ash heap.

originally posted by: Dutchowl
a reply to: v1rtu0s0

Put Trump back in, or DeSantis or Rand Paul and grant them total power. Dissolve the Fed. Erase the national debt, or at least dismiss all interest payments retroactively on the fiat currency. The dollar isn't backed by anything so there can be no interest charged on it. Seize the assetts of the Rockefellers, the Bilderbergs, the Rothchilds,the World Bank. Undo every illegal action Insurrection Joe did in his stolen term. Then haul his ass and every one of his appointees off to prison awaiting trial for high treason. The CIA... gone. The FBI... gone. Turn real investigators on every government agency and grant limited immunity of those who sing like canaries. The country could pull itself back from the brink but the government would be tossed on the ash heap.

But fixing things isn't the goal...

How about, seize all WEF members, and detain Klaus Scwab?

a reply to: vance
My grandparents made it out of the great depression,
and had 7 kids on top of it! I think my fiance, 2 kids, and myself will be fine too!

originally posted by: WilLiam1985
a reply to: vance
My grandparents made it out of the great depression,
and had 7 kids on top of it! I think my fiance, 2 kids, and myself will be fine too!

This isn't a great depression, it's a 4th industrial revolution. And I don't mean that in a good way either, unless you want a digital ID, forced injections, chip implants, and owning nothing and liking it, not to mention being depopulated because we already reached peak oil 2 decades ago and there's not enough energy and resources to go around.

a reply to: v1rtu0s0

And if that all came to pass, I’d be a digital billionaire in short order because I know how to make stuff, can teach others and then sell things as a merchant so everyone can have stuff again.

All starts with textiles, leather goods and furniture. From there you branch out to metalworking, housing, vehicles and hospitality (bars, restaurants and inns).

50-100 people and I could raise a city/outpost in a couple years and be a warlord or a landed barron depending on the climate for violence or peace.

originally posted by: Dutchowl
Put Trump back in, or DeSantis or Rand Paul and grant them total power.

Sounds like you would have been in heaven under Mussolini or Stalin.

a reply to: v1rtu0s0

This Is Going to Make 1932 Look Like a Church Picnic

So many questions... how can a YEAR look like a Picnic?

What does a 'Church Picnic' look like, and why did you capitalize it?

How can churches have picnics, do buildings ofter have this type of sentience?

Since when do people still go on picnics? I don't think I have ever been... (in this incarnation anyway)

So many quetions.

originally posted by: SleeperHasAwakened

originally posted by: dandandat2

originally posted by: MiddleInsite
"The sky is falling!"

"The sky is falling!"

That may be true, it may not, but for today, I'm just going to enjoy the sultry warm weather and we're having BBQ steak for dinner.

Followed by a horror movie and a good night's sleep.

Doom and gloom? Perhaps. Just not today.

The "Global Meltdown" forum is littered with year after year after year of economic doom porn .... Dyer predictions of economic melt down predate the internet.

What's different today than in the past?

Thats not to say their won't be recessions and much less frequently depressions. And people should always be prepared for lean times.

Buy the chicken little addetude just waist the good times ahead.

BBQ and a beer sounds good. Its way hot outside, im sweeting my pig pongs off setting up the kids pool.

I agree that there is a cottage industry of feeding off of negativity, particularly negative financial predictions, but it is undeniable that we are in unprecedented times, or at least we're in a position we haven't been in almost half a century (since the energy crisis under the Carter administration in the 70's)

Here is a chart of consumer price index (measure of inflation) for the past 25 years:

Check out the recent data in the red box. Inflation rate is going parabolic (i.e. shooting up like a rocket).

I don't have time to post the other economic indicators like charts of oil pricing, gas at the pump, and other signals that clearly show how truly disastrous the handling of the US economy has been since '20, under the Biden administration.

I find it disconcerting that the people that helped instigate this historic economic meltdown by voting for Biden, are just shrugging their shoulders and going on with life as if everything is hunky dory. These people voted for Biden, despite the fact he was known to be failing mentally, is a lifetime politician (I guess a used car dealer before his 50+ years of feeding of the public teet), and was predicted to be a figurehead POTUS that would be manipulated like a puppet to bring about economic policy that was against the interests of the American people.

All of this, due to Trump Derangement Syndrome and single issue voters obsessing over abortion or "racial justice" or some other wedge issue, while the Titanic they're on is slipping under the waves, at an ever growing speed.

So let the good times roll now I guess, and enjoy them, because there is trouble on the horizon, and pain ahead. Just remember Biden voters, you wanted this.

Your problem is partisan bull#. This problem was inevitably happening long before Joe Biden, the president is simply a representative for the rich to give the illusion the ppl have a fair shake. Republican or Democrat it does not matter, none of them give a # about you.

originally posted by: Vroomfondel
a reply to: ketsuko

To clarify, capitalism itself as a concept is fine. Its just that it has been horribly mismanaged in this country much to the detriment of our economy. The idea that capitalism in the form of debt financing more debt as a method of generating wealth will have to change. Yes, it has worked until now, but what happens when the debt has to be paid? It all falls apart...

The economy has been mismanaged INTENTIONALLY. It was done to bring the downfall of capitalism to be replaced by socialism. #ing bastards.

originally posted by: MiddleInsite
Well, looks like I made it through yesterday. So the sky did not fall.

Let me make another prediction.

TODAY, I'm going to have another GREAT DAY!

Have a nice Sunday all. Enjoy. You're only getting this one life here. So live it.

Like someone said earlier if the Orange man was running the country the sky would not only be falling but he would be the only one to blame for it, but hey it's not him so nothing to worry about let's have a bbq, watch a movie and have an even better day tomm. If that don't work we can blame Putin!!!!