Does anyone else see an economic crash coming?

[Tirediron]

https://www.cairco.org/reference/cloward-piven-strategy-fundamentally-transforming-america Likely most of you know what is going on , but perhaps a few do not . This link will explain and I will also explain . During the Obama presidency of the U.S. his adviser by the name of Jones " an admitted communist " got in front of the cameras and enthusiastically announced the Obama and cohorts plan . They were going to follow the Cloward /Piven plan to install communism in the United States . As Jones stated they were going to put pressure on the citizens of the U.S. from the bottom up , from the top down and crush in the middle . Then the desperate citizens would plead for relief and accept communism . -- Obama promptly fired Jones for revealing their plan . However that did not make the plan not true . They just didn't want people to know about it . -- Seeing as how other country's leaders are also making ridiculous moves in regard to their economy and the well being of their citizens , it appears they are also following the Cloward / Piven plan . Now this should explain the hate the Democrats in the U.S. has for Donald Trump . He is spoiling their installation of the Cloward /Piven plan . " prepare "

Are you sure that Trump can do anything about the communist takeover, I seriously doubt it, IF he we to get re elected the rest of the uniparty will slow walk anything he trys if he is really trying. Chances are pretty good that the jones incedent wasn't an accident, more like a on purpose, the elites love to wave it in the publics face. The economy is not run by the Government, it is run by the WEF and big banks, they want it to appear good, they make it appear good, they want it bad, they make it bad. Donny EGO is not going to save anybody, he is just going to make people think they are saved.. (And to the we can vote our way out this is what will happen)

 

[Supervisor42]

Repeat of the above...
Looks like our 'buying opportunity' (recession) has been postponed... again!!

Anybody notice the DOW broke above 42K today after the fed rate-cut?
And they aren't saying a word about 'record high', because everybody expected it.

 

[Snowman]

What are today's mortgage rates?​

National 30-year fixed mortgage rates go up to 5.68%​

The current average 30-year fixed mortgage rate climbed 5 basis points from 5.63% to 5.68% on Thursday, Zillow announced.

The 30-year fixed mortgage rate on September 19, 2024 is down 1 basis point from the previous week's average rate of 5.69%.

Additionally, the current national average 15-year fixed mortgage rate increased 4 basis points from 4.97% to 5.01%. The current national average 5-year ARM mortgage rate is up 6 basis points from 6.10% to 6.16%.

Last updated: Thursday, September 19, 2024

 

[Supervisor42]

Anybody notice the DOW broke above 42K today after the fed rate-cut?
And they aren't saying a word about 'record high', because everybody expected it.

DOW is now above 43K today.
Looks like 'the recession' is getting pushed further and further way.
... No stock bargains for me.

 

[teeceetx]

1. The stock market is no longer an indicator of the health of the economy
2. The country has $35.7 TRILLION in debt
3. The country has $220 TRILLION in UNFUNDED Liabilities
4. BRICS may become the world reserve currency, replacing the U.S. Dollar
5. There are now >50 million illegals in this country, many who are on some form of government assistance.
6. We now have a bonafide Quasi-Communist government
7. There are 24 MILLION government employees

These are unprecedented variables, and none can be reversed in a short period of time, if ever.

A crash is certain, it's just a matter of when.

Wake up America ... nothing like this has ever happened before.

 

[Supervisor42]

A crash is certain, it's just a matter of when.

Wake up America ... nothing like this has ever happened before.

Come, baby come!
Give me another shot at Exxon stock for $60.92/share again and see if I cry!
VVV (down far below)

 

[Supervisor42]

DOW is now above 43K today.
Looks like 'the recession' is getting pushed further and further way.
... No stock bargains for me.

Well, while nobody was looking, the DOW waved bye-bye to 43K on monday.

...Do they know more that we do about the election outcome and the crash coming, than we do?

Where are my conspiracy people when I need them?

Yeah, that's more than a 1,000 point drop in just a week.

 

[Neb]

Well, while nobody was looking, the DOW waved bye-bye to 43K on monday.

...Do they know more that we do about the election outcome and the crash coming, than we do?View attachment 165697
Where are my conspiracy people when I need them?
View attachment 165698
Yeah, that's more than a 1,000 point drop in just a week.

Markets don't like uncertainty. I have heard that many are sitting on the side line.

Ben

 

[Supervisor42]

Well, the DOW briefly broke thru the 44K ceiling today!
Unbelievable!!!

Sorry, no recession for you, my fellow buzzards.

 

[Amish Heart]

Not today anyway

 

[elkhound]

i see people hanging on by their nails now....and have been for awhile.

 

[Amish Heart]

And now that Trump will be in office, some think that all will be well. Depending on the govt to fix things is not a good idea, but to each their own.

 

[Snowman]

Well, while nobody was looking, the DOW waved bye-bye to 43K on monday.

...Do they know more that we do about the election outcome and the crash coming, than we do?View attachment 165697
Where are my conspiracy people when I need them?
View attachment 165698
Yeah, that's more than a 1,000 point drop in just a week.

Maybe You is looking at the Wrong Way :

 

[teeceetx]

Stop relying on the stock market to gauge the health of the economy!

It does NOT.

Look elsewhere ... prices up 10-20%, stores and restaurants closing thousands of branches ... unemployment sky high (no, not the Government numbers) ... use the labor participation stats. Corporations are losing money hand over fist because of taxes, theft, inability to hire workers, and lower demand for their products (people have no money to buy their products). The supply chain is badly injured because of the above, and due to high fuel prices. And the elephant in the room will be the US losing its Reserve Currency Status.

A recession is very possible in the near future, although with Trump in office there may be a reduced risk.

 

[elkhound]

And now that Trump will be in office, some think that all will be well. Depending on the govt to fix things is not a good idea, but to each their own.

Stop relying on the stock market to gauge the health of the economy!

It does NOT.

Look elsewhere ... prices up 10-20%, stores and restaurants closing thousands of branches ... unemployment sky high (no, not the Government numbers) ... use the labor participation stats. Corporations are losing money hand over fist because of taxes, theft, inability to hire workers, and lower demand for their products (people have no money to buy their products). The supply chain is badly injured because of the above, and due to high fuel prices. And the elephant in the room will be the US losing its Reserve Currency Status.

A recession is very possible in the near future, although with Trump in office there may be a reduced risk.

as far as i am concerned and things i see and am around...nothing has been fixed since 08-10 thing...i know many hanging on since then...income reduced by half from job losses and nothing can replace the wages they lost then...just one example...lots more.

 

[Proud Prepper]

Stop relying on the stock market to gauge the health of the economy!

It does NOT.

Look elsewhere ... prices up 10-20%, stores and restaurants closing thousands of branches ... unemployment sky high (no, not the Government numbers) ... use the labor participation stats. Corporations are losing money hand over fist because of taxes, theft, inability to hire workers, and lower demand for their products (people have no money to buy their products). The supply chain is badly injured because of the above, and due to high fuel prices. And the elephant in the room will be the US losing its Reserve Currency Status.

A recession is very possible in the near future, although with Trump in office there may be a reduced risk.

If you look at the real data, I belive in a recession we are!

 

[Supervisor42]

Well, the DOW briefly broke thru the 44K ceiling today!
Unbelievable!!! View attachment 166864
Sorry, no recession for you, my fellow buzzards.

Well, the 'Trump-blip' seems to be fading faster than I thought.
DOW down about 1,000 points since Monday.
Hopefully anybody that was going to sell, did so while it was above 44K.

...Back to normal.

 

[Amish Heart]

It's gonna crash, It's gonna crash, It's gonna crash

 

[elkhound]

It's gonna crash, It's gonna crash, It's gonna crash

08-10

 

[teeceetx]

There are going to be a lot of surprised people come later next year.

 

[montanabill]

I am going to start counting the number of old motorhomes and campers with people living in them stuck on odd bits of peoples property in the two miles between my house and the little corner store...Most of these are working poor...Just saw a stovepipe from a wood stove sticking sideways out of one fifth wheeler.

Kind of a indicator like the baltic dry index......I could call it the montana avenue aint got nowhere else to go average.

Right now it looks like the count is about 12 phu......personal habitation units. Stay tuned for more breaking news....

 

[old tex]

If a crash is coming, I don't know. I do know that if there's one coming, Trump can't stop it. Our economy is too big & if it's rolling down hill nothing will stop it if it's moving fast. So forget Trump being the savior. And let's fact it & this isn't a political statement it's just common sense, the democrats have arranged this crash either by being stupid or on purpose. So the question is IF it comes how bad will it be? That's anyone's guess. So what I think is that everyone do the best that they can getting their ducks in a row for "just in case". Pay off debt & try to get yourself in a position to live as long as you can WITHOUT a paycheck. In a crash jobs tend to go away. The problem is that everyone should have been doing that all along but probably didn't. I'll say this, IF there is a crash & it's really bad, those with wealth will be able to do well as things go to hell. People struggling will keep struggling & those on top will probably do even better in the long term. Again, that's common sense.

I'll say this about our situation, which is kind of unique. We have a very good income but it's isn't high enough that the government will target us. We carry zero debt so if interest rates triple it doesn't affect us. If stocks drop 50% it doesn't affect us & in the long term we could invest in them an make a killing (if we lived long enough). So a crash doesn't really worry me much.

 

[PaulKersey]

I think there will be a real estate crash in overpriced California and New York. People will walk away from their overpriced real estate and debts, leaving the lenders hanging. I think it will wash across the rest of the country like a “financial tsunami”

 

[Supervisor42]

I'll say this about our situation, which is kind of unique. We have a very good income but it's isn't high enough that the government will target us. We carry zero debt so if interest rates triple it doesn't affect us. If stocks drop 50% it doesn't affect us & in the long term we could invest in them an make a killing (if we lived long enough). So a crash doesn't really worry me much.

I plead guilty for that.
Both recessions I lived thru, (1985-1989, 2008-2012) I made out like a bandit on both.
First one, bought my first house for less than half what it was worth, lived in it 'rent-free' for a few years then sold it for a big profit.
Second one, invested heavily when the 'On Sale!' sign was flashing and tripled my money.
I adopted the mantra: "Every time somebody loses a fortune, somebody else finds it".
And since I am retired, I don't have to worry about losing my job in a 'crash', since I don't got one.

 

[joel]

I am looking forward to POUS Trump making thinks better, than they would have been.
Here the housing market is slowing down, not sure if that is high interest or a worse news.

 

[montanabill]

There are going to be a lot of surprised people come later next year.

I feel the same way.....what do you see happening in general terms?
I have been asking a lot of local folks that same question lately. Sometimes I get looks of quiet panic or sometimes outright denial but it seems there is a very strong current of foreboding out there currently.

 

[Aerindel]

Yep. I see one coming soon. Trump may not know it, but Elon has promised one. Trump has promised to destroy the government, and I believe him, the problem is, in our system, the economy and the government are one and the same.

My goal is to hit 0 on the bank account by Jan 1st. Use it, or lose it. Gonna be one hell of a christmas....even if its all solar panels, car parts and beans.

 

[teeceetx]

A big part of this is the collapse of the Dollar as Reserve Currency.

With Russia / China / Japan / Switzerland / India / Saudi Arabia, etc. holding the most Dollars.

When they start ridding themselves of their Dollars, which they are now doing, there will be a huge glut of Dollars here, and the value of the Dollar will plummet. (hyperinflation)

With virtually nothing made here in the US, we will have to start paying for imports in some other currency, and that will be enormously costly. (BRICS).

This is going to be VERY painful.

Major banks are already sounding the alarm of possible hyperinflation caused by the collapse of the Dollar.

 

[elkhound]

china has reduced its u.s. holding by over 30% since 2018.

powell said this week the u.s. will have to face its 36trillion debt sooner than later now.

 

[Bacpacker]

And they'll push it up to Trumps term.