Does anyone else see an economic crash coming?

[Helen Back]

EVERYTHING IS GREAT!!! - Dimocrats

meanwhile. . .

Macy's to close 150 stores in major turnaround effort in bid to keep the century-and-a-half old brand relevant​

 

[Helen Back]

Wells Fargo, Bank of America, Chase PNC and Santader announce further 31 branch closures in just one week (but Chase will open five) - is YOURS affected?​

Remember when the left said bank closures were racist?

 

[Helen Back]

Look alive, Boomers. There's another 15 million people taking from your retirement.

Medicare and Social Security are both in crisis as underfunding hits $175 TRILLION - almost double the economic output of every country on Earth​

https://www.dailymail.co.uk/news/ar...dingdouble-economic-output-country-Earth.html

 

[user 7704]

Has anyone seen this? Is this just pocket change to them?

 

[GeorgiaPeachie]

Has anyone seen this? Is this just pocket change to them?

Who knows. The market has made some very big and positive moves…which causes stocks to split and people to sell some stock. The only thing I know for sure is Apple is in deep trouble. Buffett owns TONS of Apple stock. He might be divesting himself from it.

 

[tmttactical]

The big question for me is what are they buying OR not buying. If I see they are suddenly buying a lot of precious metal, then I am going to get really worried.

 

[simpleman]

The big question for me is what are they buying OR not buying. If I see they are suddenly buying a lot of precious metal, then I am going to get really worried.

China already has and I seem to remember an article where a country was encouraging it's citizens to purchase gold and silver. I'll have to look it back up, I'm thinking Japan, China, maybe Canada? Course all three of those may be wrong. I'll try to find it again and posy it.

 

[simpleman]

China already has and I seem to remember an article where a country was encouraging it's citizens to purchase gold and silver. I'll have to look it back up, I'm thinking Japan, China, maybe Canada? Course all three of those may be wrong. I'll try to find it again and posy it.

It was China! Kinda scary, guess I need to find money and start buying more myself.

 

[EastenerWesterner]

The big question for me is what are they buying OR not buying. If I see they are suddenly buying a lot of precious metal, then I am going to get really worried.

Saw on the Popular report today they were. BUT, he was interviewing somebody from a precious metal company. Not a normal thing for that channel, so take it for what it is.

 

[Cindyd]

I'm so distrustful these days, I don't trust any reports on any of it. I think market is falsly inflated...and anything I read or hear, I assume is lie, psyop distortion to lead us in wrong direction.....whew! Boy am I in bad shape!

 

[EastenerWesterner]

I'm so distrustful these days, I don't trust any reports on any of it. I think market is falsly inflated...and anything I read or hear, I assume is lie, psyop distortion to lead us in wrong direction.....whew! Boy am I in bad shape!

Exactly, take everything with a grain of salt.

I still think lead is the best investment .

 

[Helen Back]

It's all around us. . .

Cities Face Cutbacks as Commercial Real Estate Prices Tumble

https://www.yahoo.com/news/cities-face-cutbacks-commercial-real-164824595.html

WASHINGTON — In San Francisco, a 20-story office tower that sold for $146 million a decade ago was listed in December for just $80 million.

In Chicago, a 200,000-square-foot-office building in the city’s Clybourn Corridor that sold in 2004 for nearly $90 million was purchased last month for $20 million, a 78% markdown.

And in Washington, a 12-story building that mixes office and retail space three blocks from the White House that sold for $100 million in 2018 recently went for just $36 million.


In Portland a few weeks ago, the Montgomery Park bldg sold for $19 million to the bank that carried the note when NOBODY made a bid on it at auction. It sold for $230 million 2019.

Home foreclosures are soaring nationwide – and rising fastest in these 5 states​

https://www.msn.com/en-us/money/rea...S&cvid=17e96bde8cd44798ab3a6abf2d7509ce&ei=26

 

[user 7704]

Ten years

 

[backandbeyond]

I'm so distrustful these days, I don't trust any reports on any of it. I think market is falsly inflated...and anything I read or hear, I assume is lie, psyop distortion to lead us in wrong direction.....whew! Boy am I in bad shape!

lol. I was born distrustful. For those who can accept it, Gen-Xers, like me, are typically like that, we are loners by nature, we distrust government or any authority and are by nature, sort of cynical. Boomers on the other hand are moralistic about life, they always talk about "What should be done" "they should do this, they should do that" and while they may distrust government they always look to it to solve problems. The Next election syndrome. "I hate A but B will turn it all around"

Boomers like to gather together, do jobs together, hobbies together. It's all explained in Strauss and Howe's seminal work on generations, it also explains the generation gap, where no generation can see eye to eye with the one before or after because their personalities are so different.

As for the stock market, HaHaHa, I wouldn't touch that with a ten foot pole. The collapse of the shale oil companies, the SPAC darlings, WeWork, Door Dash, Zoom. Now the collapse of the entire EV complex. Have a look at the share prices of the Major players in the US. Tesla, Rivian, all of them down by 40, 60, 80% and more. It's just a giant milking machine is all it is.

As for social security, it's fine. They can add more paper printouts of US Debt to it anytime they like. All they need do is buy bigger filing cabinets

Then there is this

But ask any survivalist, they'll tell you. "You can't eat it, You Can't eat it. YOU CAN'T EAT IT""

 

[Dani]

It’s getting closer.

 

[OldSchool]

Exactly, take everything with a grain of salt.

I still think lead is the best investment .

Hmm… lead as a precious metal? Maybe, it be spun into gold. Lol

On serious note I can see how it could be a good investment, depending on how available it is. Worth looking into.

 

[Oddcaliber]

Main advantage of working in a tire shop is the lead wheel weight s. We were told to recycle them, they didn't say how to.

 

[jimLE]

Then there's walking from point a to point b..they can be found at various locations.mainly intersections.

 

[teeceetx]

It's right around the corner, depending on who wins the election.

Even if Trump wins, the Deep State will be hard at work trying to destroy anything he does, and will stop at nothing to take him out.

 

[Morgan101]

It's right around the corner, depending on who wins the election.

Even if Trump wins, the Deep State will be hard at work trying to destroy anything he does, and will stop at nothing to take him out.

JMHO, but if Trump does win, he will do things a lot differently than last time. I think he will fire or replace every Democrat appointee and replace them with his supporters. I was shocked he didn't do it last time. He spent four years getting stabbed in the back every time he turned around. I would like to think he has learned from that, and will fire the whole lot. They are all worthless, anyway. If they were just gone nobody would miss them.

 

[Jim Costa]

If Trump wins,
assuming the election is held,
then we will see the current Corporate Government go bankrupt and disappear.

Somehow, It will be replaced by a Re- Inhabited Republic FOR the United States.
The Corp government is currently running under a second Constitution titled
The Constitution Of the United States.
All of this will stir up financial chaos for a few months.

Note: The Difference between FOR and OF is
FOR the US means the States control the Fed Government.
OF the US means the Fed controls the States.
Does this kinda remind you of our Civil War?

If Trump does not win anything, all bets are off.

 

[SoulSeeker]

Biden and whoever is running the Country has really brought us to our knees. Spending your way out of debt has never worked nor will it ever in the future. All the countries we send money to, not just Ukraine, is absurd. A lot of them don't even like the U.S. but more than willing to take our money. Bidenomics has brought us inflation, war and an invasion of terrorist.

 

[OldSchool]

A thread with this title should have been started in May 2020 as the onslaught of government imposed business shutdowns were bound to result in major supply chain issues that would in turn fuel inflation.

/rant

edit: all Covid related. How convenient it was….,

 

[teeceetx]

Don't underestimate just how large and entrenched the Deep State really is.

And they've been shown to stop at nothing to retain power, even assassination.

 

[Jim Costa]

"The last act of all failing governments is to loot the people:"

Michael Revera, Talk host of What Really Happened
His free news & talk show: https://www.whatreallyhappened.com/NEW/

 

[sonya123]

I have been thinking this for a long time, not sure I commented on this thread when it started but yeah, you cannot keep creating money out of nothing indefinitely. It's really a no brainer. It started long before covid. I think it got really bad starting in 2008 with the bailouts of too big to fail banks . That should not have happened. Then the covid disaster should also not have happened, but it started even earlier than that. SS and Medicare has always been a pyramid scheme based on indefinite population growth, which is not possible in a finite earth and country. The US military controlling the entire world also cannot be paid for indefinitely.
So system is going to crash. Just a matter of time, but I think it is getting closer every minute.

And even if Trump gets elected and survives, he won't be able to fix this either. The best he could do is prolong it a few more years.

And it's even worse than other countries before. If the US crashes, the entire world economic system is going to crash with it.

So live your life as you please now, because it's most likely going to suck bad soon for everyone everywhere

 

[Supervisor42]

Well, don't look at the stock market today.
It had dabbled above 41K level weeks ago, has plunged into the 39K level today.

 

[Morgan101]

And they've been shown to stop at nothing to retain power, even assassination.

After hearing all of the failures of the Secret Service, and the miscommunication and finger pointing between SS, FBI, and local LEO's, I'm not so sure this wasn't a deliberate attempt by the Deep State.

 

[old tex]

Biden and whoever is running the Country has really brought us to our knees. Spending your way out of debt has never worked nor will it ever in the future. All the countries we send money to, not just Ukraine, is absurd. A lot of them don't even like the U.S. but more than willing to take our money. Bidenomics has brought us inflation, war and an invasion of terrorist.

You forgot INFLATION!

 

[Jim Costa]

From Jeff - SGAnon Receives an Anonymous Message.​

Listen to about 5 minutes at 11 Minute Mark.
Or, better still listen to the first 25 minutes.

I don't know who sent the message, but it sounds like a very credible expectation
of the collapse event.