Does anyone else see an economic crash coming?

[user 7704]

Turned on a business channel and the guy was saying buy gold and silver. Held up a dollar bill and crumpled it. Said they just keep printing this stuff. He wouldn't call it money.

 

[user 7368]

Joe just recently said that the banking system in the US is safe, right??? At the moment the whole of Russia is laughing at Joe's statement.


I think Joe didn't mean it seriously or didn't know what he was talking about, because after these words he fled to the basement, I think he lied.
The problem will be that the ordinary citizen will lose his savings again through the crap while Joe and his friends have already put their money aside.

 

[Helen Back]

How many billions were made in the last few days shorting all of these banks? Then they will cash in their shorts, as Brandon says he will rescue all of the banks, causing their value to go back up, screwing over the little guys trying to get a taste. I mean, someone has to pay for all of that loss. It's always the little guy.

Why I don;t play in that rigged casino called Wall Street.

 

[Proud Prepper]

It's past time to end the charade. I hope the bank runs continue. Yeah it's going to hurt. I rather a fast death for some over a slow death for everyone.

 

[poltiregist]

Biden's plan is to crank that printing press up into high gear and print his way out of the mess he has created . Ain't going to work in the long run . --- Someone just stopped in at my survival retreat and reported he went to one of our small home town banks and had the bank manager show him the bank's balance sheet . The bank manager claimed they were in good financial shape to face this Biden catastrope . --- The thing is even if the solvent banks remain operational over the next weeks , unless the idiots in Washington's Capitol reverses courses this Delima will only worsen each day . Unfortunately the folks that gained their ill gained power in Washington are too stupid and too arrogant to reverse course .

 

[user 7368]

In Europe, the printing press is no longer effective, if you print more money then inflation will go through the roof, which is already too high.
The last few years with non-stop money printing have led Europe to the abyss, those responsible are already in the starting blocks to flee, the whole thing is a dead end that in the end the people have to pay for.

Joe and European heads of government have betrayed your nations and your people, they are no longer representatives of the people but dictators, I'm not saying here what to do with them.

 

[Cindyd]

50 gallon drum buried in ground with air tight lid (twist lid)...top is flush with top of ground, covered with the dirt. Certain identifiable only to us "things" surround... could be weeds, could be rocks, a structure, a tree, debris, whatever. You'd never know it is there if ya didn't know it was there...good hiding place for lots of things?

 

[user 7482]

When you can create unlimited "money", and pass it out to your favorite companies to keep them afloat, you won't know what the real state of the national economy is until the thing that props it up goes away. That thing is the "petrodollar."
These dumbocrats don't seem to realize that without "fossil fuel" they can't spend unlimited money anymore.
Morons like this guy will suddenly have a "Come to Jesus Moment."

We have those politicans too.
https://www.bild.de/politik/inland/...aussage-zu-staats-schulden-81552716.bild.html"You can´t go broke in your own currency. Credits can stabilize the Economy, and we (as government) will set the modalities" Unfortunately she´s clearly younger than your example.

"Our" economy minister says, that there will be no new finance or bank crises. Habeck befürchtet keine erneute Finanz- und Bankenkrise I´m glad, I did what I´ve done.

 

[user 7482]

Good to be away from the cities, especially if far enough that a tank of gas won't get people to where you are.

Lucky you. We´re much more populated...

 

[Mountain Dragon]

"Our" economy minister says, that there will be no new finance or bank crises. Habeck befürchtet keine erneute Finanz- und Bankenkrise I´m glad, I did what I´ve done.

It is the same minister who said not long ago "firms can't go bankrupt, they just stop to produce and paying bills", isn't it?

 

[user 7691]

Lucky you. We´re much more populated...

That does suck. One good thing is that you have more like minded people and the ability to protect yourselves, or at least the right to protect yourselves.

 

[lonewolf]

people mostly come to my county on holiday/vacation or on business and that is mostly on the South Coast not where I live.

 

[Helen Back]

....and here it goes..

Banks rebound with shares rising by up to 50% in early trading after dramatic plunges - but credit rating agency Moody's puts SIX on downgrade watchlist​

 

[Proud Prepper]

....and here it goes..

Banks rebound with shares rising by up to 50% in early trading after dramatic plunges - but credit rating agency Moody's puts SIX on downgrade watchlist​

It's like magic!

 

[GeorgiaPeachie]

Full manipulation on display! How many will notice?

 

[Survivor_316]

I just got an email from a woman at a local bank I used in the past. She wanted to tell me I am approved for any loan I'd want. She said if I had an auto loan somewhere else, they would see if they could get me a lower rate.

 

[Cindyd]

We got email notice today from local credit union telling us essentially not to worry, money is safe and no jeopardy..."reassurance" going out to their customers.

 

[poltiregist]

It appears the small hometown banks are staying afloat for now . This gives preppers perhaps a few more weeks to make preparations for what seems to be initiable going to happen . I am not giving financial advice , but my goal is to be able to walk up to the county court house and pay my property taxes , regardless as to whether there is any banks , cash within whether checks , debit cards or credit cards is a thing of the past . --- Even after a total bank collapse I expect creditors and tax collectors will be operating and foreclosing on unpaid balances .

 

[user 7482]

It appears the small hometown banks are staying afloat for now . This gives preppers perhaps a few more weeks to make preparations for what seems to be initiable going to happen . I am not giving financial advice , but my goal is to be able to walk up to the county court house and pay my property taxes , regardless as to whether there is any banks , cash within whether checks , debit cards or credit cards is a thing of the past . --- Even after a total bank collapse I expect creditors and tax collectors will be operating and foreclosing on unpaid balances .

Your forecasting, what I´m also very convinced of. We all need to be able to pay our financial obligations and loans (that´s why getting out of depth should be one of our primary targets).
Our glorious states and banks will come for "their part". They won´t forget and will collect "their" money, even if month have passed. At least then we have to be able to pay in cash (or a equivalent) or loose everything.

 

[DrHenley]

Gold is up again.
People are fleeing to gold as a safe haven.

 

[Jim Costa]

HelenBack:
That article misquoted MOODYS.
MOODYS put all US Banks on Negative.
This also translates to the economy being Negative.

The bank stocks that rose 50% were the ones that got secret bailouts yesterday.

 

[rainingcatzanddogs]

HelenBack:
That article misquoted MOODYS.
MOODYS put all US Banks on Negative.
This also translates to the economy being Negative.

The bank stocks that rose 50% were the ones that got secret bailouts yesterday.

Moody's had two ratings...one before last Friday and one after.

 

[rainingcatzanddogs]

Credit Suisse is having a problem today. The Saudi's are pulling their funding from it.

 

[Jim Costa]

Raining: So? Does that make a difference in a collapse?

 

[Helen Back]

HelenBack:
That article misquoted MOODYS.
MOODYS put all US Banks on Negative.
This also translates to the economy being Negative.

The bank stocks that rose 50% were the ones that got secret bailouts yesterday.

Perhaps you missed my point. Those "in the know" made a fortune when THOSE stocks rose 50%. I don't give a damn about Moody's ratings changes. The people who get to decide who gets bailed out, get to invest in them before it is announced.

Are you pretending the market isn't rigged; that insider information/trading doesn't happen?

 

[rainingcatzanddogs]

Raining: So? Does that make a difference in a collapse?

No. Just pointing out that the article didn't misquote simply out of date AND that these so called "experts", like many before them, didn't think or do their homework beyond the cursory surface or, they knew but, didn't publicize it.

 

[Jim Costa]

Does any of this matter now?

 

[rainingcatzanddogs]

Does any of this matter now?

You thought enough of it to point it out...so IDK does it?

 

[Mountain Dragon]

Raining: So? Does that make a difference in a collapse?

The speed of an collapse maybe? CS is since an longer time in troubles, the last they can need now they are loosing big customers.

 

[Jim Costa]

A banking/economic collapse makes the details moot.