This might be a last warning

sauced07

Well-known member
#21
I think the problem is people see issues but don’t realize how massive our financial system is and misjudge the time it takes to show results of mistakes made. That said those who constantly cry the sky is falling usually get ignored quickly.
 

The Branch Manager

Winter is coming. Forever.
#23
I've been waiting for the collapse since 2011. It hasn't happened yet. I don;t think a collapse will happen. Our leaders will get us into war first then all debts will be cancelled.
In that vein, and I think I've said this before here, it's possible they have created a system based on these algorithms that realistically cannot fail. They've got the American people in the world really believing in the value of a fiat currency that is backed by the faith and credit of a government 20 trillion dollars in debt. The chattel on that loan is you and me and our children and grandchildren. in order for our economy to remain stable it has to continue to grow at an incremental rate. It can take contractions here and there but on a whole it needs to go in and upward manner over time. As long as that continues to happen in the Dow continues to go towards a hundred million billion trillion the economy just can't crash. I have zero faith in the American dollar I merely use it as a means to an end.
Then I remember that everything is going to go tits up here within a few years environmentally, and wonder why any of this matters at all. All it does give me sleepless nights. I'm working myself to death to try pay this property, and everything really, off in 5 years. Every extra penny beyond a 10% cushion for repairs goes to my mortgage. The only other thing I owe on is the red lift and it's paid off around August 2020 at the rate I'm going. 2024 as agreed. Then I'm debt free. At 44. For the second time in my adult life. Hopefully I can keep it this time

Perhaps I'll just sell everything and go live on the street and get a heroin addiction or something. Or gambling I can see myself being a horrible gambler.


After everything is paid off in 2022 if I can stay on track with what I'm doing, the plan is to save the electronic fiat in large chunks and just pay cash for things. If it's still around. Usery is stupid.
 

240Geezer

Old dude with a ‘tude
Gold Subscriber
#24
Things change. Stay flexible. Fluid. No one knows which direction this will all go ultimately.
If I was a betting man. As they say. I’d be betting things get worse before they get better.
I think the Fed is close to the limit on what they can do. Just no wiggle room left.
A recession is due.
War and rumors of war.
Trade issues.
Brexit.
EU immigration.
You name it.
 

The Branch Manager

Winter is coming. Forever.
#25
There is a perfect storm of potential catastrophes out there. Too much to list really. Crop loss, flooding, rumors of wars, actual trade and electronic wars, volcanoes, stupid multiculturalists, earthquake uptick, GSM,mass migrations everywhere.....

The list could go on and on. Just open a real history book to see the eventual outcome of this stuff. It's societal collapse shit. No idea if it happens next week or next decade, but it's eventually inevitably coming. Depressing as hell. Hard to shake. It's gonna be real bad about spring when people are actually starving in turd world countries. Good thing I got my white privilege to get thru.
 

WhiteWolf

Wolf Mage
Silver Subscriber
#26
I suspect the FED will soon just go away. It's reason for being - the US economic supremacy & hegemony - is under severe pressure these days. Even Europe decided to create it's own interbank payment settlement system - apart from SWIFT. They wanted a workaround for the Iranian sanctions on oil.

Almost the entire global financial system - as run by central banks - is an illusion; a shell game that keeps people playing by pretending they have some chance at winning; none of it is actual, transaction based, simple capitalism. It's all a giant lie to cheat people out of the money they've earned by their labor. One of my favorite lies in that whole timeframe from 08-present, was that the economy was strong because the "actual" cost (as determined by fancy-assed, illusory formulas) of flat-screen tvs had come down so drastically.

When in reality, a new iphone costs what we used to spend on high-end tvs.

Shell games.