What’s happening with money

a reply to: nugget1

the crash of 2007/8 started us on this path as did the crash of 1873 kick start the great depression 1 the killed off globalism 1 and put us on the path to great war 1, while the crash of 1929 kick-started great depression 2 that led to the demise of the next iteration of globalism the in turn fed great war 2..

when you view events that way Obama looks like a chamberlain-type figure or trump with NK or Biden now but really our fate is tied at the hip to failing globalism causing yet another great depression feeding into another great war, no need for Nostradamus or bible this is humans thinking they are like gods in their ability to control the planet along with everything and everyone on this blue ball hurtling through the void..

its Hubris and an unwillingness to fix what is broken that takes us to this point time and time again..

a reply to: JAGStorm

There are still some that don’t believe it, or don’t want to hear about the “negativeness”. There is only so long you can avoid reality.

I as well am seeing something of all of the above, less the hospital payment problem.

There's definitely an oddity; a disturbance in "the force" if you will and I have been around a looonnnggg time. I've never seen anything quite like this; and especially troubling is the weird situtation in the housing markets. Saw an article yesterday where a majority of those who bought a house in the last 3 years now claim they are "house rich/cash poor" as the mortgage payments eat up more than 50% of their monthly income. And they're finding they they can't sell their homes because no one qualifies for the higher interest rates. All the while, their houses have appreciated exponentially.

That's going to cost them big time come property tax time January 2023 and my bet is the foreclosrue rate will go through the roof with Blackwater and others stepping up to buy at foreclosure sales across the nation. That will have the effect of drying up even more of the existing housing stock away from potential private owners, acclerating the "nation of renters" trend.

And.......all of this against a backdrop of a profound labor shortage caused by "I don't know what". Does anyone know anyone out of work? Please ask them why they aren't working......I'd like to know.

Let me put it this way. While the usual suspects, self-appointed pundits who know all there is to know about everything worth knowing, talk about monetary collapse and Weirmar Germany type inflation, what I am seeing is the set up for a "cash is king" "Deflationary Spiral" scenario. As more businesses fail, as more homes are foreclosed upon, as more credit card debt goes unpaid and cards are recalled/cancelled, theres going to be a huge INCREASE in the value of cash dollars.

Maybe I'm just a contrarian, but that's how I see this going forward. Saw an article this week to the effect that the retailiers from Walmart to Target, etc. are sitting on huge surpluses of unsold inventory because people are not spending the way they used too and worse, this on the eve of the roll out of Christmas goods. With exorbitant rents, too high mortgage payments and the montly cost of a new vehicle being $600.00 a month, no one has any cash/credit left over to buy much except the necessities at the stores. That will lead to layoffs and the big tech firms have already begun their layoffs.

There's a canary in the US economic coal mine to keep an eagle eye on......General Motors. When GM starts reporting big losses you know the end is near. GM has repeatedly chosen the wrong path and they've committed whole heartedly to going full electric by 2030. Problem is, electric vehicles are far more expensive than gasoline powered vehicles AND there's little consumer enthusiasm for the product. I fully expect ANOTHER GM bankruptcy filing/government bail out within the next 2 years.

Keep your eye on GM/Tesla........that bubble is about to burst. Along with everything else.

Major Story !!!

🚨Breaking: Another food processing facility has caught on fire ... Getting a little suspicious now ...

a reply to: nickyw

Wow, that was really well said.

a reply to: TonyS

the shift in housing pots from first time buyers to rentals was at the root of the Brexit vote, its a lesson in unintended consequences for the likes of soros who profited from taking down the bank of England on black Wednesday but created Euroscepticism as a force in his wake by supercharging the collapse in house prices..

destroying housing markets has dire long term consequences that the rich/powerful don't think through or think they can throw money at to avoid or overturn.. it simply does not work like that in the real world and should be a cautionary tale for the rich/powerful..

originally posted by: xuenchen

Major Story !!!

🚨Breaking: Another food processing facility has caught on fire ... Getting a little suspicious now ...

No, it isn't

There are 37 thousand food processing facilities in America, fires are common and these fires won’t make a dent in the thousands of plants in the US.

We had a fire at a huge plant north of Atlanta months ago much larger plant than this one, and poultry production is fine.


www.statista.com...

The United States has a robust poultry industry, with an inventory of over 518 million chickens and over 224 million turkeys. In 2019, chicken production rose to around 44 billion pounds. The market leader for poultry products in the U.S. is Tyson with over 42 billion U.S. dollars in sales . One of the biggest product segments of Tyson Foods is fresh and processed chicken meat.

Poultry trade
For the last decade, the United States shipped about seven billion pounds of broiler exports each year. Broiler refers to chickens of meat-type strains raised specifically for meat production. The United States exports significantly more broilers than it imports. The country exports turkey meat as well, with the volume of turkey exported from the United States in 2021 amounting to about 550 million pounds based on a carcass weight equivalent. The vast majority of U.S. turkey exports go to Mexico, which imported about 67 percent of the United States' turkey exports.
American consumers
Within the United States, consumers purchase a large amount of meat products. The chicken was the second most frequently bought fresh meat category, with sales of 13.4 billion U.S. dollars. Chicken breasts were the most popular cut, comprising over 60 percent of product sales. Chicken sales growth in the U.S. were positive by 4.7 percent for 2021. Both chicken and turkey sausages are expected to increase in dollar sales and sales volume by 2023, perhaps as many people find chicken and turkey sausages to be the healthiest type of encased meat products.

a reply to: nickyw

You know, I have been thinking about that as well.

So here in the US, huge Venture Capitalist firms like Black Rock have spent literally 10's of Billions of dollars buying up entire neighborhoods and then turning them into rental units. It has had the effect of driving up housing costs and rents nation wide.

But I have to wonder.......if no one can afford to buy a house.....how long before house/property values begin to plummet. I mean by that, the value of anything is determined by what a willing buyer will pay a willing seller. If there are no willing buyers (or able buyers) the seller has little choice except to lower the selling price. I would think.

So, in a way, doesn't this mimic the 2008 bank collapse when the derivatives market collapsed because it turned out the loans were backed by worthless mortgages?

As wealthy as Black Rock is; as huge as it's financial footprint is.......I just can't quite wrap my mind around what the fall out would be if Black Rock were to suddenly fail. But I can see a scenario where they are forced to sell properties at a substantial loss to cover obligations.

Many people will be going ‘cashless’ this winter


It`s all planned . Once people are left with nothing, they will offer the solution .

originally posted by: nickyw
a reply to: nugget1

the crash of 2007/8 started us on this path as did the crash of 1873 kick start the great depression 1 the killed off globalism 1 and put us on the path to great war 1, while the crash of 1929 kick-started great depression 2 that led to the demise of the next iteration of globalism the in turn fed great war 2..

when you view events that way Obama looks like a chamberlain-type figure or trump with NK or Biden now but really our fate is tied at the hip to failing globalism causing yet another great depression feeding into another great war, no need for Nostradamus or bible this is humans thinking they are like gods in their ability to control the planet along with everything and everyone on this blue ball hurtling through the void..

its Hubris and an unwillingness to fix what is broken that takes us to this point time and time again..

This is a theory I can get on board with... it makes sense. I

a reply to: putnam6

Yea, well.......that's all good for the likes of you and me.

But what about the CHICKENS!

a reply to: JAGStorm
And of course Jag, you are right. You observe things pretty much as they are going down, down being the point word in all of this. You also say

There are still some that don’t believe it, or don’t want to hear about the “negativeness”. There is only so long you can avoid reality.

Hopefully to not detract from your warning above, it should be pointed out that decades and decades,,,,,and decades ago, there were those who were warning that this economic system that we have for so long held dear would, in and of itself, crumble from it's own inconsistencies and inability to deal with the unbalanced degrees of wealth it has allowed.

And what are we to do about it? Socialism? No. Communism? No. Marxism? Hell no. Instead what we are going to do about it is leave it in the hands of those who have built the biggest fortunes the world has ever known by playing by the rules of it's game and who are now re-writing those rules to suit themselves.

Where we are heading more and more rapidly Jag, is not into the hands of the socialists or the communists or the Marxists but into the hands of the Super Capitalists.

Most of you got what like 10 maybe 15 more years left on this planet, don't stress too much.

a reply to: nickyw

You know what Nick, I think you are right.

but really our fate is tied at the hip to failing globalism

I think that this is a perspective, that needs to be addressed. Failing globalism.
Not that it can't be done but rather that it is being approached incorrectly.

My observations lead me to think that this is the natural course of human development. Small tribes grow and join though war or common needs into bigger tribes. City states through war or trade into larger states. Countries though war or trade into larger countries and countries into empires. And empires with interests around the globe slowly merge through either war or coordination into a global system of production finance and survival. Survival is and always has been at the core of everything our families and tribes and cities and nations ans empires have striven towards.

So for ME, the question is not ''should we do it?'' but rather ''how do we do it''. And yes, yes, you are right, it has been and is being bungled as it is taking shape which leaves us to the question of ''why?''

Hubris, as you say, is as good a place to begin to answer that as any.

a reply to: putnam6

No, it isn't

There are 37 thousand food processing facilities in America, fires are common and these fires won’t make a dent in the thousands of plants in the US.

I thought this too. I really did. The more I looked into it, the weirder things got.

a reply to: karl 12
I've watched a few of this ladies interviews over last 2 years. She was the first to state the so called pandemic was for fiscal/monetary 're-adjustments'.
I like her a lot, talks plain english too.
Rainbows
Jane

a reply to: JAGStorm

The other weird thing that I keep getting...
My Home Insurance company keeps sending me a thing to be sure to cover my house for floods.


If my house floods we are all in trouble, that means a lot of people will be underwater.

originally posted by: Lysergic
Most of you got what like 10 maybe 15 more years left on this planet, don't stress too much.

a reply to: ColeYounger


Yes indeed, two more relevant statements here mate (with more at the link).

• "The drive of the Rockefellers and their allies is to create a one-world government combining supercapitalism and Communism under the same tent, all under their control.... Do I mean conspiracy? Yes I do. I am convinced there is such a plot, international in scope, generations old in planning, and incredibly evil in intent."

U.S. Congressman Larry P. McDonald, 1976, killed in the Korean Airlines 747 that was shot down by the Soviets.




• "Their plan is to change society in every country in a way that provides them a reason to impose a world government. The creation of a world central bank and an electronic world currency, in conjunction with the elimination of cash, would allow them complete control to dictate financial policy around the globe. Their policies would be enforced by their world army, and a micro-chipped population would live in fear of having their electronic currency deleted if they ever crossed the world government."

Charlie Robinson, in his book "The Octopus of Global Control", 2017.

Link

originally posted by: JAGStorm
a reply to: putnam6

No, it isn't

There are 37 thousand food processing facilities in America, fires are common and these fires won’t make a dent in the thousands of plants in the US.

I thought this too. I really did. The more I looked into it, the weirder things got.

Not arguing with here JAG but point me to where to look about the "food production crisis". The last time I checked it was the cattle die-off in Kansas somebody had a link to suspicious accidents etc. further research showed most of them were bogus or production wasn't shut down or it was shifted elsewhere.

Seriously they listed a vegetable stand that burned down near me, LOL because the stand was in front of a farm that wasn't damaged at all, in other words, it was complete BS. That got me checking out of the 50 incidences easily half were not as bad as it was presented. Much more believable some are legit accidents, some are insurance scams

But mostly spell out how Klaus and George make a chicken plant burn up in North Georgia and make cattle ranchers in Kansas kill thier herds.

a reply to: putnam6

I'll list some things regarding future food/farming

Not arguing with here JAG but point me to where to look about the "food production crisis"

www.yahoo.com...

Bill Gates made his fortune in tech, but he’s now betting big on something completely different: farmland.

Last week, Gates secured the legal approval for purchasing 2,100 acres of farmland from northeastern North Dakota potato growers Campbell Farms.

Of course, this isn’t first time Gates has invested in the asset class. Having amassed nearly 270,000 acres of farmland across dozens of states,

www.cotton.senate.gov... nd#:~:text=According%20to%20U.S.%20Department%20of,to%20352%2C140%20acres%20in%202020.

While Chinese entities held slightly less than one percent of all foreign-held acres in the U.S. in 2020, the volume of their holdings increased dramatically over the last decade. According to U.S. Department of Agriculture (USDA) reports, Chinese investors’ holdings of U.S. agricultural land surged from 13,720 acres in 2010 to 352,140 acres in 2020.

Read that twice, 13K acres to 352k acres owned by the Chinese!

mypatriotsupply.com... Xm4X306YVH5xNcEr13xoCJ3QQAvD_BwE

The bottom line: stay alert, friends. We don't know if these incidents are a trend, coincidence, anomaly, coordinated effort, or what have you. We'll leave the facts here for you to review and come to your own conclusions.

Where there smoke there is fire. Where there isn't water, there is no food.
There are dozens and dozens of articles like this one:

www.azfamily.com...

Additional water cuts could be coming to Yuma farmers, threatening supply of leafy greens