Good work. Shared on Greggory Mannarinos I sub stack.....
The QE but not enough with the higher interest rates is a good analysis...at 53 I bought my first home in 94 at a 10 percent interest rate...by the time I was 28 all my closest friends had homes, nice city neighborhoods with yards and garages....from the 20s to 40s...railroad town...I bought at 31 k sold tonsome classmates around 05 at 99 ...now a satelite college town...the largest next to main campus...during pandemic sold for 140k....never though id see this day.....now the towns jobs are all service....in my early 20s and into my 40s I traveled doing IT work.....barely any 20 year olds can even afford an apartment let alone a home....funny thing is after making up to 120k until about 8 years ago....a blood disorder took me out of fulltime work....I've now made about 40k since going part time....what I do? Have had a 1500 car for 6 years...no cc debt, my wife has a 2015 Acadia...and I ride a 03 Honda motorcycle ... I never liked debt other than homes....I had new cars and trucks and toys when I could afford it....just never got car broke or toy broke....I also feel over my life time I've seen people live way beyond there means...now they want to complain....I tell them you should have complained when borrowing large sums of money for houses and cars at low interest rates or picked up a book to see how there doing it....good news...I've always stacked Gold and silver....something my dad did....during my teens I seen it save out family for 2 years after he had stroke.....nowadays though I wonder does it make any sense to try and time the final collapse and borrow debt plus rack up cc under the assumption when cbdc come they will be cleared like student loans....trust me I watch the same people and substack I'm sure many same people you do...peace
I appreciate you taking the time to read and comment. I also appreciate your kinds words, it means a lot.
I personally wouldn't try to time the collapse unless you have a crystal ball and can tell the future or are an "insider". Nobody can time something like this or anything really. Truly timing something requires a level of foreknowledge that is 99.9% of the time unknowable until after the fact. So it can't be timed to begin with really.
They may forgive all debt. They may forgive some debt. They may forgive no debt. To big of a risk to play with for my taste personally. I think it's possible that some debt will not be forgiven. It could be used against people to hold them hostage as it may transfer over to the CBDC system keeping people in and driving them further into bondage.
I watch maneco64 daily, his frequent guest Clive Thompson suggests once they begin rolling out cbdc it will be some of new and some of old systems. And for now unless I have to, not going to debt myself up
It’s real bad, and it’s getting worse, but the problem is not just in the bottom half of the private sector. Government fiscal spending (through evermore debt creation) now overshadows all bank credit creation, and corporate bond issuance. Meaning the life blood liquidity of the economy is being powered by public debt, and the math of the debt severity is such that it can only be resolved through more inflation. This will only exacerbate more suffering of the poor private sector. We are too far gone for fiscal austerity to work, so there’s no avoiding further pain. It appears that government and the Fed are inept, or just plain sadists.
I appreciate you taking the time to comment Bob. You are correct and I have written articles on those said issues on my substack you may enjoy looking over and critiquing or thinking about further.
Keep up the good reporting! I think we both know people will never be clued into reality from government indoctrination centers, called schools. Nor can change ever be affected without people being clued in. Therefore, all reporting & comments (that endeavor to clue people in) are all good, necessary, and definitely are not a waste of time!👍
It just depends on your personal perception of how you look at it and what you think a collpase means. Some say it happened in 1913 with the FED. Some say 1971 going off the Gold standard. The dot come bubble. Some say 2008. Some say COVID. Some say it hasn't happened or begun yet.
Personally, I believe we were in a recession since 2008 but it was papered over by QE. The depression/hyperinflation began in 2020. Have written articles/evidence of it all on my substack.
Good work. Shared on Greggory Mannarinos I sub stack.....
The QE but not enough with the higher interest rates is a good analysis...at 53 I bought my first home in 94 at a 10 percent interest rate...by the time I was 28 all my closest friends had homes, nice city neighborhoods with yards and garages....from the 20s to 40s...railroad town...I bought at 31 k sold tonsome classmates around 05 at 99 ...now a satelite college town...the largest next to main campus...during pandemic sold for 140k....never though id see this day.....now the towns jobs are all service....in my early 20s and into my 40s I traveled doing IT work.....barely any 20 year olds can even afford an apartment let alone a home....funny thing is after making up to 120k until about 8 years ago....a blood disorder took me out of fulltime work....I've now made about 40k since going part time....what I do? Have had a 1500 car for 6 years...no cc debt, my wife has a 2015 Acadia...and I ride a 03 Honda motorcycle ... I never liked debt other than homes....I had new cars and trucks and toys when I could afford it....just never got car broke or toy broke....I also feel over my life time I've seen people live way beyond there means...now they want to complain....I tell them you should have complained when borrowing large sums of money for houses and cars at low interest rates or picked up a book to see how there doing it....good news...I've always stacked Gold and silver....something my dad did....during my teens I seen it save out family for 2 years after he had stroke.....nowadays though I wonder does it make any sense to try and time the final collapse and borrow debt plus rack up cc under the assumption when cbdc come they will be cleared like student loans....trust me I watch the same people and substack I'm sure many same people you do...peace
I appreciate you taking the time to read and comment. I also appreciate your kinds words, it means a lot.
I personally wouldn't try to time the collapse unless you have a crystal ball and can tell the future or are an "insider". Nobody can time something like this or anything really. Truly timing something requires a level of foreknowledge that is 99.9% of the time unknowable until after the fact. So it can't be timed to begin with really.
They may forgive all debt. They may forgive some debt. They may forgive no debt. To big of a risk to play with for my taste personally. I think it's possible that some debt will not be forgiven. It could be used against people to hold them hostage as it may transfer over to the CBDC system keeping people in and driving them further into bondage.
I watch maneco64 daily, his frequent guest Clive Thompson suggests once they begin rolling out cbdc it will be some of new and some of old systems. And for now unless I have to, not going to debt myself up
Prayers,
It’s real bad, and it’s getting worse, but the problem is not just in the bottom half of the private sector. Government fiscal spending (through evermore debt creation) now overshadows all bank credit creation, and corporate bond issuance. Meaning the life blood liquidity of the economy is being powered by public debt, and the math of the debt severity is such that it can only be resolved through more inflation. This will only exacerbate more suffering of the poor private sector. We are too far gone for fiscal austerity to work, so there’s no avoiding further pain. It appears that government and the Fed are inept, or just plain sadists.
I appreciate you taking the time to comment Bob. You are correct and I have written articles on those said issues on my substack you may enjoy looking over and critiquing or thinking about further.
Keep up the good reporting! I think we both know people will never be clued into reality from government indoctrination centers, called schools. Nor can change ever be affected without people being clued in. Therefore, all reporting & comments (that endeavor to clue people in) are all good, necessary, and definitely are not a waste of time!👍
Thanks Bob!
I appreciate you taking the time to make a comment, to read and your kind words. Thank you.
It just depends on your personal perception of how you look at it and what you think a collpase means. Some say it happened in 1913 with the FED. Some say 1971 going off the Gold standard. The dot come bubble. Some say 2008. Some say COVID. Some say it hasn't happened or begun yet.
Personally, I believe we were in a recession since 2008 but it was papered over by QE. The depression/hyperinflation began in 2020. Have written articles/evidence of it all on my substack.