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.