The Greatest depression is coming, are you ready?

  • Christian Chat is a moderated online Christian community allowing Christians around the world to fellowship with each other in real time chat via webcam, voice, and text, with the Christian Chat app. You can also start or participate in a Bible-based discussion here in the Christian Chat Forums, where members can also share with each other their own videos, pictures, or favorite Christian music.

    If you are a Christian and need encouragement and fellowship, we're here for you! If you are not a Christian but interested in knowing more about Jesus our Lord, you're also welcome! Want to know what the Bible says, and how you can apply it to your life? Join us!

    To make new Christian friends now around the world, click here to join Christian Chat.
P

persistent

Guest

MoneyWise

FollowView Profile
The Fed's reverse repo use just hit a fresh record of $2.4 trillion — why that's one of the clearest 'bad signs' for the market
Serah Louis - Yesterday 12:45 PM
MARKETS TODAY

DJI▼ ‎-0.14%‎

INX▼ ‎-0.20%‎

COMP▼ ‎-0.25%‎
There’s been yet another record-high uptake in the amount of cash investors are stashing in a major Federal Reserve facility.

Reverse repo rates a 'bad sign' for the market© Drew Angerer/Getty Images
The Fed parks excess cash reserves from banks in the Overnight Reverse Repurchase Facility. A reverse repo, or RRP, helps the central bank conduct monetary policy by selling securities to counterparties to be bought back for a higher price later on — essentially working as a short-term loan.
The RRP facility was hit with $2.367 trillion on Sep. 28, higher than the previous record of $2.359 trillion set on Sep. 22.
Investors are sticking with ol’ reliable cash in order to ride out the current economic uncertainty — but it doesn’t seem as though the market will return to normal anytime soon.
 

Attachments

ZNP

Well-known member
Sep 14, 2020
37,490
6,929
113

ZNP

Well-known member
Sep 14, 2020
37,490
6,929
113
Imagine the world's economy is a big sailing ship. Bonds and all the currencies are dipping way into the ocean so all the investors are running to the other side of the ship, hence stocks spike up. This shooting up and then shooting back down is very high volatility indicative a very big stormy sea.

The scary thing is oil prices are going up, interest rates are going up, that mean we will have the double whammy of inflation and recession and yet stock prices go up? Investors can't figure out where to put their money. Screen Shot 2022-10-06 at 4.16.11 PM.png
 
https://www.thegatewaypundit.com/20...back-vacations-travel-restaurants-save-money/

BIDEN ECONOMY: Americans Are Pulling Back on Vacations, Travel and Restaurants to Save Money

1. We are seeing severe worldwide inflation in the cost of gas and food.

2. We are seeing a collapse in the stock markets around the world.

3. People are not running to bonds because they expect interest rates to rise (which causes the value of bonds they have bought to drop).

4. The Fed is raising interest rates and will continue to do so, which in turn is causing central banks around the world to do the same.

5. As a result of rising interest rates mortgage rates have risen dramatically. For example, we sold our house in March. The company that bought it flips houses and the price they paid to us reflected their estimate that they could fix it up and resell for $700k. If you calculate that your buyer puts down 20% the new mortgage rate would cause them to drop the selling price by 200k for the same buyer to buy it.

A. We are seeing a sharp decline in mortgages.

B. We are also seeing a sharp decline in new homes being built. I heard from one builder that the windows he gets now take 18 months to be delivered. If you cannot get some key item it can hold up the entire construction of the house.

6. We are also seeing a sharp decline in car sales. It is a double whammy for them. They are having a hard time getting parts. I bought a car two months ago and it is still not here. When it does get here they tell me the heated seats won't work because they don't have the chip but hope to get it and install it before winter. However, I bought this car before the interest rates spiked. Now financing a car will be a double whammy. Cars will be both harder to get and much more expensive to finance.
A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.
 

ZNP

Well-known member
Sep 14, 2020
37,490
6,929
113
Anyone who listens to this clown, try going back 9 months at the beginning of this year and see what he was saying. Does he warn you that the market is going to go straight down by 33% in the next 9 months?

 
P

persistent

Guest
and yet stock prices go up? Investors can't figure out where to put their money.
The RRP facility was hit with $2.367 trillion on Sep. 28, higher than the previous record of $2.359 trillion set on Sep. 22.
Investors are sticking with ol’ reliable cash in order to ride out the current economic uncertainty — but it doesn’t seem as though the market will return to normal anytime soon
 

ZNP

Well-known member
Sep 14, 2020
37,490
6,929
113
The RRP facility was hit with $2.367 trillion on Sep. 28, higher than the previous record of $2.359 trillion set on Sep. 22.
Investors are sticking with ol’ reliable cash in order to ride out the current economic uncertainty — but it doesn’t seem as though the market will return to normal anytime soon
Nope, the tribulation will begin, saints will be raptured, the world will freak out, there will be fire falling from the sky, and in one hour the entire stock market is tossed into the sea like a giant millstone.
 
P

persistent

Guest
Nope, the tribulation will begin, saints will be raptured, the world will freak out, there will be fire falling from the sky, and in one hour the entire stock market is tossed into the sea like a giant millstone.
Matthew 24:36 ¶ But of that day and hour knoweth no man, no, not the angels of heaven, but my Father only.
 

ZNP

Well-known member
Sep 14, 2020
37,490
6,929
113
Matthew 24:36 ¶ But of that day and hour knoweth no man, no, not the angels of heaven, but my Father only.
Matthew 24:35 Heaven and earth shall pass away, but my words shall not pass away.

That verse is referring to Heaven and Earth passing away, not to the tribulation
 
Oct 9, 2021
881
291
63
https://www.thegatewaypundit.com/20...back-vacations-travel-restaurants-save-money/

BIDEN ECONOMY: Americans Are Pulling Back on Vacations, Travel and Restaurants to Save Money

1. We are seeing severe worldwide inflation in the cost of gas and food.

2. We are seeing a collapse in the stock markets around the world.

3. People are not running to bonds because they expect interest rates to rise (which causes the value of bonds they have bought to drop).

4. The Fed is raising interest rates and will continue to do so, which in turn is causing central banks around the world to do the same.

5. As a result of rising interest rates mortgage rates have risen dramatically. For example, we sold our house in March. The company that bought it flips houses and the price they paid to us reflected their estimate that they could fix it up and resell for $700k. If you calculate that your buyer puts down 20% the new mortgage rate would cause them to drop the selling price by 200k for the same buyer to buy it.

A. We are seeing a sharp decline in mortgages.

B. We are also seeing a sharp decline in new homes being built. I heard from one builder that the windows he gets now take 18 months to be delivered. If you cannot get some key item it can hold up the entire construction of the house.

6. We are also seeing a sharp decline in car sales. It is a double whammy for them. They are having a hard time getting parts. I bought a car two months ago and it is still not here. When it does get here they tell me the heated seats won't work because they don't have the chip but hope to get it and install it before winter. However, I bought this car before the interest rates spiked. Now financing a car will be a double whammy. Cars will be both harder to get and much more expensive to finance.
They do not care if they bring people to rubble and cause them to starve for it all part of the plan for it is time for a one world government and the American government does not care about the American people but it is about the world now.

United Nations Agenda 21, or Agenda 2030 for the year, sustainable development, which over 179 nations agreed to it in 1992, want to move all people to the cities and no development can happen outside city limits and the citizens all work together to fight crime in the city.

Which the World Economic Forum said that the people will own nothing in 2030 and be happy.

The American government will go to a new form of government that is neither Republican or Democrat but a balance between democracy and communism which will mimic the one world government to come.

They like BLM because it pushes socialism, communism, and say there is no future in capitalism, which they want that agenda to get out there, and say defund the police.

In order to have their new form of government they must put all people as equal to bring them all together as one.

They have to knock down the white people and boost the black people, minorities, to please them.

They have to knock down the men and boost the women to please them.

That is why they say no fat shaming, and no gay bashing.

They are working to put everyone as equal so they can bring them all together as one accepting each other so they get along.

Republican and Democrat are actually working together but they do not want the people to know that and actually want the people to fight over the 2 parties and for it to get out of hand so they can have an excuse to go to a new form of government that is a balance between the 2 parties to bring the people together.

Years ago they had a middle ground in which they could agree on some things so they got along with each other but now they made it far left and far right so there is no middle ground but they agree on nothing so the fighting will be more intense between them.

Donald Trump did his job of stirring up the Republicans to be more aggressive which caused the Democrats to be more aggressive.

BLM pushes the Democrat party and communism because they believe that is the only way to have equality.

But this means the black people that are successful has to lose what they achieved in this system.

BLM wants to see the black people who are successful and doing great financially to be knocked down and reduced to rubble just so they can see the white people who are successful be knocked down and reduced to rubble.

They want to see the white people knocked down so much that they are willing to sacrifice their own people to be knocked down.

When they do move all people to the cities which they might have to build some cities they will be caring about the environment more which is why they want no development to happen outside city limits and also a way to keep control of the people and know where they are which there probably will not be travel anymore for the people.

Many jobs will not be available anymore as they will not care about those items anymore and they do not want the pollution.

There will not be as many cars for they will not need them and they do not want the pollution and probably only electric cars allowed and they will not have to go far for they will be confined to the city.

Probably the majority of the people will not work or only work to improve the environment and the betterment of the planet.

They do not care about causing chaos and they will do it on purpose for controlled conflict brings about controlled change.

They do not care about depression and the stimulus checks are probably a pattern for basic income for the world.

They want a collapse of things for it is all part of their plan.
 

ZNP

Well-known member
Sep 14, 2020
37,490
6,929
113
They do not care if they bring people to rubble and cause them to starve for it all part of the plan for it is time for a one world government and the American government does not care about the American people but it is about the world now.

United Nations Agenda 21, or Agenda 2030 for the year, sustainable development, which over 179 nations agreed to it in 1992, want to move all people to the cities and no development can happen outside city limits and the citizens all work together to fight crime in the city.

Which the World Economic Forum said that the people will own nothing in 2030 and be happy.

The American government will go to a new form of government that is neither Republican or Democrat but a balance between democracy and communism which will mimic the one world government to come.

They like BLM because it pushes socialism, communism, and say there is no future in capitalism, which they want that agenda to get out there, and say defund the police.

In order to have their new form of government they must put all people as equal to bring them all together as one.

They have to knock down the white people and boost the black people, minorities, to please them.

They have to knock down the men and boost the women to please them.

That is why they say no fat shaming, and no gay bashing.

They are working to put everyone as equal so they can bring them all together as one accepting each other so they get along.

Republican and Democrat are actually working together but they do not want the people to know that and actually want the people to fight over the 2 parties and for it to get out of hand so they can have an excuse to go to a new form of government that is a balance between the 2 parties to bring the people together.

Years ago they had a middle ground in which they could agree on some things so they got along with each other but now they made it far left and far right so there is no middle ground but they agree on nothing so the fighting will be more intense between them.

Donald Trump did his job of stirring up the Republicans to be more aggressive which caused the Democrats to be more aggressive.

BLM pushes the Democrat party and communism because they believe that is the only way to have equality.

But this means the black people that are successful has to lose what they achieved in this system.

BLM wants to see the black people who are successful and doing great financially to be knocked down and reduced to rubble just so they can see the white people who are successful be knocked down and reduced to rubble.

They want to see the white people knocked down so much that they are willing to sacrifice their own people to be knocked down.

When they do move all people to the cities which they might have to build some cities they will be caring about the environment more which is why they want no development to happen outside city limits and also a way to keep control of the people and know where they are which there probably will not be travel anymore for the people.

Many jobs will not be available anymore as they will not care about those items anymore and they do not want the pollution.

There will not be as many cars for they will not need them and they do not want the pollution and probably only electric cars allowed and they will not have to go far for they will be confined to the city.

Probably the majority of the people will not work or only work to improve the environment and the betterment of the planet.

They do not care about causing chaos and they will do it on purpose for controlled conflict brings about controlled change.

They do not care about depression and the stimulus checks are probably a pattern for basic income for the world.

They want a collapse of things for it is all part of their plan.
 

ZNP

Well-known member
Sep 14, 2020
37,490
6,929
113
The world's economy is coming to a screeching halt

When you buy a car you will generally trade in your old car. I did this a few months ago. They paid me a premium for my old car and gave me a nice lease on the new car. However, since that time car sales for used cars has plummeted. Because interest rates have increased the cost to finance has gone up significantly, because of inflation people are running out of money, and the bubble for cars has burst. So now if you were to trade in your old car you will get crushed, making it harder to buy that new car, but it's worse. Interest rates on the financing have gone up significantly so that banks are now much more careful in handing out loans. So your trade in value has dropped significantly, your monthly car payment has gone up significantly and the standards to get approved are much tougher. As a result we will see a collapse in car sales.

However, the same thing applies to selling a house, only worse. If you try to sell your house you will have to take a very big decrease in the selling price from just a year ago. A 500k house could sell for 120k less. That will dramatically affect your ability to buy a house. Not only so but mortgage rates have increased dramatically so that the house payment on the house you buy will be very steep. As a result house sales will plummet. But it is worse than that, your ability to borrow money and get credit is directly tied to the equity in your house. If the bank sees you have 200k in equity in the house they will be much more willing to give you that loan for 50k to buy a car. However, if your neighbor sells their house and it is 150k less than what it would have been a year ago the bank will recalculate the house's value and now you only have 50k in equity.

Not to worry, you can show the bank your 401k to get credit, however, those are down 30%. So imagine this hypothetical person with 200k in equity in their house and 200k in a 401k a year ago, now they have 50k in equity, 140k in their 401k and their monthly expenses are greater than their monthly income. If they have to pull 40k out of their 401k they will have to pay taxes and penalties, so to get 40k they need to take out close to 80k.

But it is worse still. Sales tax on cars and houses are a very big part of the tax revenue for States. It amounts to approximately one third of the State's tax revenue! Car sales and House sales will tank. That we are already seeing. As a result we will see tax revenue to the States take a significant hit for the rest of this year and then really get hammered next year (sales were not affected by all this during the first 4 months of the year).
 
P

persistent

Guest
Wall Street’s ‘fear gauge’ is flashing a warning that stocks could be about to fall off a cliff
Joseph Adinolfi - 9h ago


INX▼ ‎-0.33%‎

Wall Street’s ‘fear gauge’ is flashing a warning that stocks could be about to fall off a cliff© Getty Images/iStockphoto
MARKET EXTRA
The CBOE Volatility Index has captured the attention of market analysts this year as a key relationship between Wall Street’s “fear gauge” and the S&P 500 index appears to have broken down.
 

Attachments

ZNP

Well-known member
Sep 14, 2020
37,490
6,929
113
Wall Street’s ‘fear gauge’ is flashing a warning that stocks could be about to fall off a cliff
Joseph Adinolfi - 9h ago


INX▼ ‎-0.33%‎

Wall Street’s ‘fear gauge’ is flashing a warning that stocks could be about to fall off a cliff© Getty Images/iStockphoto
MARKET EXTRA
The CBOE Volatility Index has captured the attention of market analysts this year as a key relationship between Wall Street’s “fear gauge” and the S&P 500 index appears to have broken down.
No way, the market doesn't even open for another 12 hours.
 

ZNP

Well-known member
Sep 14, 2020
37,490
6,929
113
hot off msn website
I was making a joke.

Yes, if you look at any one factor it is possible to think we will only have a recession for 18 months, but when you look at all the factors taken together it is clear we will be in a depression, and that is the best case scenario. Worst case scenario is that Biden was right when he said it would be nuclear armageddon.