The Greatest depression is coming, are you ready?
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I played football as a kid and coached football as an adult and I cannot stand to watch it anymore. The commercials, I have no patience for. The announcers, for the most part sound like sycophants. Also, if you don't keep up with it you don't know the names or the players and it just becomes less and less interesting. I don't have the time necessary to keep up.
On a side note I used to bet heavily on football in High school and always won money, I had a strategy that always worked. I knew the kids in the school and who their favorite team was. If their team was projected to lose I would go to them and bet knowing they would always bet for their team but shame them into not taking the points (you really want to win this bet if your team loses?) Then I would go place a second bet for the team, taking the points with someone else. I would often have more than a $100 riding on a weekend and that made every game that much more exciting. If my parents ever found out they would have freaked.
However, the Lord Jesus found out and I have stopped. Repented of my ways. Thank you for your blood, Lord Jesus.
Very interesting jobs report for January.
https://www.foxbusiness.com/economy...dly-surges-january-economy-adds-new-positions
Are we looking at a period of economic growth?
https://www.foxbusiness.com/economy...dly-surges-january-economy-adds-new-positions
Are we looking at a period of economic growth?
No. People are taking two jobs to survive. One survey had over 60% of Americans could not get $1,000 if they had a financial emergency. Discretionary spending of Americans has dropped by over $1 trillion since Biden took office. Interest rates are crushing the car market and the housing market, the two engines of our economy.
People are being laid off in droves from good paying high tech jobs and taking low paying menial wage jobs.
40% of small businesses are on the verge of bankruptcy and when people have to start paying college loans again you will see more bankruptcies and repos.
Hey guys,
Here's a video I posted in a thread where crickets came up. The billionaires and celebrities want us to eat insects while they own all of the cattle. It doesn't take a rocket surgeon to figure that out. I think I know how they will try to accomplish this from agricultural history.
The video has a link to an infomercial. It's interesting past the introduction. I'm not promoting the book they sell, but think that anyone reading this thread should be interested in the information. Perhaps it will motivate or inspire you to plant a garden and take steps to acquiring what the video talks about.
Evil Bill Gates Wants You to Eat Bugs
Here's a video I posted in a thread where crickets came up. The billionaires and celebrities want us to eat insects while they own all of the cattle. It doesn't take a rocket surgeon to figure that out. I think I know how they will try to accomplish this from agricultural history.
The video has a link to an infomercial. It's interesting past the introduction. I'm not promoting the book they sell, but think that anyone reading this thread should be interested in the information. Perhaps it will motivate or inspire you to plant a garden and take steps to acquiring what the video talks about.
Evil Bill Gates Wants You to Eat Bugs
1. We have a bank run on Credit Suisse and
2. China has 460,000 companies close down and 800 million people in debt
3. Pakistan is on the verge of collapse
4. Bangladesh and Sri Lanka in collapse
5. Moldova is on the verge of economic collapse
6. Housing crash in Australia
7. A worldwide crash in auto sales
8. A worldwide real estate market crash
9. Between inflation and higher interest rates the average American family has lost $7,000 a year for the two years Biden has been president.
10. The UK's economy is set to shrink in 2023
11. Turkey and Syria will be devastated by this earthquake
12. Crypto Bank Silvergate faces bankruptcy after FTX collapse.
13. Bank for International Settlements -- The central bank to the world's central banks. They have warned that $85 trillion of hidden unreported debt. This is based on foreign exchange currency swaps. These are off books because it is considered "risk free debt" which is one of the stupidest and most dangerous expressions in world history. Think of a huge jenga tower equivalent to the world's GDP but instead of solid wooden blocks you have aluminum cans. As you pull some cans out because those countries went bankrupt other can's are under greater pressure which can cause them to be crushed and the entire tower to tip over. For example, down at the bottom of this tower you have the US dollar and as China and others dump the US debt imagine our US dollar aluminum can was filled with water but now it is leaking out and as it empties out it will be that much easier to crush.
14. Every single economy tied to the US dollar has to raise their interest rates which will put the brakes on their economy.
2. China has 460,000 companies close down and 800 million people in debt
3. Pakistan is on the verge of collapse
4. Bangladesh and Sri Lanka in collapse
5. Moldova is on the verge of economic collapse
6. Housing crash in Australia
7. A worldwide crash in auto sales
8. A worldwide real estate market crash
9. Between inflation and higher interest rates the average American family has lost $7,000 a year for the two years Biden has been president.
10. The UK's economy is set to shrink in 2023
11. Turkey and Syria will be devastated by this earthquake
12. Crypto Bank Silvergate faces bankruptcy after FTX collapse.
13. Bank for International Settlements -- The central bank to the world's central banks. They have warned that $85 trillion of hidden unreported debt. This is based on foreign exchange currency swaps. These are off books because it is considered "risk free debt" which is one of the stupidest and most dangerous expressions in world history. Think of a huge jenga tower equivalent to the world's GDP but instead of solid wooden blocks you have aluminum cans. As you pull some cans out because those countries went bankrupt other can's are under greater pressure which can cause them to be crushed and the entire tower to tip over. For example, down at the bottom of this tower you have the US dollar and as China and others dump the US debt imagine our US dollar aluminum can was filled with water but now it is leaking out and as it empties out it will be that much easier to crush.
14. Every single economy tied to the US dollar has to raise their interest rates which will put the brakes on their economy.
Do not compare US debt to your mortgage!
Right now the total debt the US holds is equivalent to our GDP. You might be tempted to compare that to your mortgage, let's say you make $100k a year and the amount you owe on your house is 100k. You would think your finances are good. So therefore not too worried about US debt. This is a complete misunderstanding.
Let's say I buy a $400k house and put up $80k as downpayment and borrow $320k. My total debt is $320k, but my total assets are $400k so my net worth is positive, not negative.
No, the debt the US holds should be compared to credit card debt. Imagine you make $100k a year and your credit card debt is also $100k. That is the real situation.
Social Security and Medicare should be compared to your mortgage. These are supposed to be funded debt like a mortgage. You were supposed to have paid into this for forty years (which we did) before they need to pay out of it. However, they have looted Social Security.
There is only one way to avoid bankruptcy and that is if all the retired people were to die suddenly. However, there is a very big problem with this. Who is going to keep paying into Social Security and Medicare if you see they simply kill off all those who try to collect on that money.
Right now the total debt the US holds is equivalent to our GDP. You might be tempted to compare that to your mortgage, let's say you make $100k a year and the amount you owe on your house is 100k. You would think your finances are good. So therefore not too worried about US debt. This is a complete misunderstanding.
Let's say I buy a $400k house and put up $80k as downpayment and borrow $320k. My total debt is $320k, but my total assets are $400k so my net worth is positive, not negative.
No, the debt the US holds should be compared to credit card debt. Imagine you make $100k a year and your credit card debt is also $100k. That is the real situation.
Social Security and Medicare should be compared to your mortgage. These are supposed to be funded debt like a mortgage. You were supposed to have paid into this for forty years (which we did) before they need to pay out of it. However, they have looted Social Security.
There is only one way to avoid bankruptcy and that is if all the retired people were to die suddenly. However, there is a very big problem with this. Who is going to keep paying into Social Security and Medicare if you see they simply kill off all those who try to collect on that money.
James Dean at the wheel
There is no way our political system can solve the budget crisis. If they hold fast with the debt ceiling the Democrats can make it cause maximum pain to Americans so that by the 2024 election it will help them and then they will blame the depression that is coming on Republicans refusing to raise the debt limit.
In addition to that what the Republicans will want to do is get a few cuts to the budget so they can pretend they did something and then they will be bought off to raise the debt limit.
They all know that this is unsustatinable, but for many of them the immediate issue is getting reelected in 2024. The Republicans will be peeled off, RINOs and a few who get bought off with some pork in the bill. Maybe you can find 10 or 20 Congressmen and women who will hold the line, but not enough to actually keep the debt limit from being raised.
There is no way our political system can solve the budget crisis. If they hold fast with the debt ceiling the Democrats can make it cause maximum pain to Americans so that by the 2024 election it will help them and then they will blame the depression that is coming on Republicans refusing to raise the debt limit.
In addition to that what the Republicans will want to do is get a few cuts to the budget so they can pretend they did something and then they will be bought off to raise the debt limit.
They all know that this is unsustatinable, but for many of them the immediate issue is getting reelected in 2024. The Republicans will be peeled off, RINOs and a few who get bought off with some pork in the bill. Maybe you can find 10 or 20 Congressmen and women who will hold the line, but not enough to actually keep the debt limit from being raised.
You can't trust government reports. They are not interested in truth. These are the same people who tell you that lowering the rate of spending is lowering spending. They may not be increasing at the same rate, but they are still spending more money.
They have no interest in truth, only controlling the narrative.
As you have done, it will be done unto you
‘Kill Every Buffalo You Can! Every Buffalo Dead Is an Indian Gone’
https://www.theatlantic.com/national/archive/2016/05/the-buffalo-killers/482349/
The American bison is the new U.S. national mammal, but its slaughter was once seen as a way to starve Native Americans into submission.
Sherman knew that as long as the Sioux hunted buffalo, they’d never surrender to life with a plow.
‘Kill Every Buffalo You Can! Every Buffalo Dead Is an Indian Gone’
https://www.theatlantic.com/national/archive/2016/05/the-buffalo-killers/482349/
The American bison is the new U.S. national mammal, but its slaughter was once seen as a way to starve Native Americans into submission.
Sherman knew that as long as the Sioux hunted buffalo, they’d never surrender to life with a plow.