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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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The Big Crash
#27254051 - 03/15/21 02:18 PM (2 years, 10 months ago) |
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My Spirit Guide proclaims the following:

Its addressed to the willing, listening ear.
Feel free to disregard or refute.
Don't shoot the messenger.
.
-------------------- Omnicyclion.org higher knowledge starts here
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george castanza
Lord Of The Idiots!


Registered: 10/21/02
Posts: 8,721
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Re: The Big Crash [Re: Asante] 1
#27254165 - 03/15/21 03:27 PM (2 years, 10 months ago) |
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I haven't been to the store once this year yet, if the carryout doesn't count.
I have provisions on hand for myself for about a year or so, if times get hard y'all are always welcome at my place under the following conditions:
No pissing or shitting on the floor, outside or in the toilet only! (waffle stomps are not permitted)
No hording the dope, we all share whatever we got.
You gotta help all you can in the garden. Growing your own food FTW everytime!
Hunting is good in my neck of the woods so there will be meat.
-------------------- KRAMER CAKES


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ManianFH
living in perverty



Registered: 07/06/04
Posts: 14,741
Last seen: 15 hours, 14 minutes
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Am fortunate to be in a place with tons of resources, surrounded by lots of friends and family who themselves have a lot of resources. I dont personally anticipate a major crash as the Fed seems well prepared to float the US economy as needed. Despite the trillions of dollars created via stimulus and whatnot the US could afford to do it again 20 times over before I think there would be any major calamity to inflation. That is not to say that there wont be inflation in the coming future, I just dont anticipate it being anything life changing.
This is coming from someone who just learned that he is losing his job btw
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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george castanza
Lord Of The Idiots!


Registered: 10/21/02
Posts: 8,721
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Re: The Big Crash [Re: ManianFH] 1
#27254593 - 03/15/21 07:24 PM (2 years, 10 months ago) |
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Quote:
mick said: Am fortunate to be in a place with tons of resources, surrounded by lots of friends and family who themselves have a lot of resources. I dont personally anticipate a major crash as the Fed seems well prepared to float the US economy as needed. Despite the trillions of dollars created via stimulus and whatnot the US could afford to do it again 20 times over before I think there would be any major calamity to inflation. That is not to say that there wont be inflation in the coming future, I just dont anticipate it being anything life changing.
:
I totally agree as far as the USA is concerned, the FED has already stated that they print money out of thin air (basically) and that if needs be they will just print more.
I feel that Europe could be in serious trouble tho, as the vast amount of Americans and their faith in the US dollar is strong, this covid bullshit has rocked an already somewhat disgruntled UK or Europe or whatever isn't fully Russian controlled. What hits the UK can affect the USA.
I do believe the smart money is still in USD, and not just because of the navy and marines.
I've said it before and I'll say it again, a sack of flour will always buy you all the gold you can eat.
-------------------- KRAMER CAKES


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teknix
πβπ
’ππ
π°π‘ πΌπ⨻



Registered: 09/16/08
Posts: 11,953
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Re: The Big Crash [Re: Asante]
#27254769 - 03/15/21 09:15 PM (2 years, 10 months ago) |
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I think there are more people than ever to buy the dips nowadays. The big institutions like Blackrock, Vanguard, State Street don't really sell that much. The hedge funds could crash it but not very well when people are buying the dips on the stocks they like. Burry was right about the decline (if you read his prediction), but the dates are so ambiguous a crash could happen 2 years from now and everyone that proclaimed that is was gonna crash will claim they were right. Kind of like pychics use ambiguity to be correct.
2008 showed that there is such a thing as "too big to fail" in capital markets, and the government wil print money to prop up failures if necessary.
Do you have a time-frame for the crash or is it "sometime in the near future" ?
Edited by teknix (03/15/21 09:25 PM)
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Quote:
george castanza said: the FED has already stated that they print money out of thin air (basically) and that if needs be they will just print more.
uhuh.
And what that does is decrease the value per dollar of all dollar assets held all over the world.
The US Dollar is the world's reserve currency, so the fed printing excess money, what that literally means is that the US is forcing the poorer countries of the world to pay for financing the US economy.
Guess what?
Just about the whole world is in the process of getting out of dollar assets because they realize that yes, the fed will print dollars out the wazoo on their expense so you guys can ride your SUV with the AC unit at full blast and the window open.
No more!
And when the world stops being robbed through excess printing of dollars, all the fed can do is debase the currency of its own citizens - mwhich they cannot afford.
Then what?
This has happened in Zimbabwe and lots of nations all over the world:
The Big Crash.

Quote:
george castanza said: the FED has already stated that they print money out of thin air (basically) and that if needs be they will just print more.
Will that not inevitably lead to foreign investors dumping their Dollar assets?
Will that not lead to a dramatic accelleration of the devaluation of the Dollar?
Won't such a thing lead to an aspect of The Big Crash?
Its easy! They just need to stop printing more and more dollars to restore trust in the currency!
Umm.. they cannot do that.
They have to print more and more to keep the boat afloat, and that is like thrashing in quicksand, you will only sink deeper, faster.
But they cannot help it!
But! But!
-THE BIG CRASH-
-------------------- Omnicyclion.org higher knowledge starts here
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: The Big Crash [Re: Asante]
#27255063 - 03/16/21 02:53 AM (2 years, 10 months ago) |
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How I think it will happen, or rather is in the process of happening: CHINA.
China is looking to become the word's #1.
They have the manufacturing base They have an increasing hold on the world's resources, such as in Africa.
They have been treated so nicely by the former blunderbus-in-chief, and indeed, the Fed is so clear that they will print money out the wazoo anjd even committed to it publically.
What's China doing?
Increasing their grip on resources. Buying gold with both hands and encouraging Chinese investors to do the same so that more gold enters mainland China than their government can afford.
What are they gonna do with their impolite unsympathetic rival?
My guess that one day, they will forklift all US paper onto the global market, unload all their US paper nearly at once.
US paper, be it dollars or treasury bonds, will plummet. Other nations, already in the process of getting out of the dollar, will realize its going down so to minimize their losses mass dump their US paper too.
The Fed can do nothing but announce they will print at unprecedented levels to try restore the markets.
Americans rich and poor will convert their dollar holdings into assets, regardless if they are gold, bitcoin or for the common man, boxes of cans of beans and tuna and the iconic mountains of toiletpaper, because they realize the value of the money they own,. the purchasing power of it, is in freefall and what matters now is to makeb sure they have the resources it takes to sustain their family for the coming weeks.
Riots at walmart, national bank holiday.
China will be the detonator, the US will be the booster and from America outward the whole world economy blowing up will be the main charge.
Controlled demolition of the world economy, The Big Crash.
Its not going to be pretty for any of us, but especially more so for the poor folks in the developing world for whom a bag of rice, wheat or corn will suddenly double or quadruple, at a time the richer nations are having more than their hands full themselves.
I care more for the world's 50% of genuinely poor people than for the 0.01% elites instigating this crash.
I don't give a fuck if Biff Boomer has to sell his yacht, I care a great deal about AΓ―cha having to decide which of her children no longer to feed so the rest can perhaps barely make it. I also care for the many Americans already on foodstamps, or the other poor in the richest nations, because they too get the shit end of the stick due to a game they themselves never were players in.
That's how I see it, a plausible scenario of how it could go.
I may be wrong, I hope I'm wrong, but I don't think so.
What would make my day is if the Fed announced they found a way out of inflating the dollar, but on the contrary, they committed to it publically. To the good listener, that means, get ready for the storm that's coming.
-------------------- Omnicyclion.org higher knowledge starts here
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george castanza
Lord Of The Idiots!


Registered: 10/21/02
Posts: 8,721
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Re: The Big Crash [Re: Asante]
#27255692 - 03/16/21 02:20 PM (2 years, 10 months ago) |
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Quote:
Asante said:
Quote:
george castanza said: the FED has already stated that they print money out of thin air (basically) and that if needs be they will just print more.
uhuh.
And what that does is decrease the value per dollar of all dollar assets held all over the world.
The US Dollar is the world's reserve currency, so the fed printing excess money, what that literally means is that the US is forcing the poorer countries of the world to pay for financing the US economy.
Guess what?
Just about the whole world is in the process of getting out of dollar assets because they realize that yes, the fed will print dollars out the wazoo on their expense so you guys can ride your SUV with the AC unit at full blast and the window open.
No more!
And when the world stops being robbed through excess printing of dollars, all the fed can do is debase the currency of its own citizens - mwhich they cannot afford.
Then what?
This has happened in Zimbabwe and lots of nations all over the world:
The Big Crash.

Quote:
george castanza said: the FED has already stated that they print money out of thin air (basically) and that if needs be they will just print more.
Will that not inevitably lead to foreign investors dumping their Dollar assets?
Will that not lead to a dramatic accelleration of the devaluation of the Dollar?
Won't such a thing lead to an aspect of The Big Crash?
Its easy! They just need to stop printing more and more dollars to restore trust in the currency!
Umm.. they cannot do that.
They have to print more and more to keep the boat afloat, and that is like thrashing in quicksand, you will only sink deeper, faster.
But they cannot help it!
But! But!
-THE BIG CRASH-
I definitely see where you are coming from but you're missing some key differences between china and the USA. Firstly, and probably most importantly; you can still get a jury trial if you are an American citizen in America. Secondly, and probably equally important, the US Treasury will replace a bill if they can identify it, meaning that if you have enough of the serial number they will issue a new note and cancel the old one, China has no such policy and when Chinese currency gets old people start refusing to take it (It is not legal to refuse US currency for payment of goods or services in the USA), subsequently the more tattered Chinese bills wind up going to people who are poorer and poorer, until they become completely useless and someone is totally fucked over.
Folks fail to realize that Drump ( Trump) was and is a lifelong Democrat, and the Democrats are definitely holding hands with anyone that can supply them with children to rape. Politics are a shitshow and I would not be surprised if Biden's puppet masters try to change the name of the usa to Chimerica or some other stupid shit, because let's face it, Drumps boss is now Biden's boss.
Quote:
Asante said: How I think it will happen, or rather is in the process of happening: CHINA.
China is looking to become the word's #1.
They have the manufacturing base They have an increasing hold on the world's resources, such as in Africa.
They have been treated so nicely by the former blunderbus-in-chief, and indeed, the Fed is so clear that they will print money out the wazoo anjd even committed to it publically.
What's China doing?
Increasing their grip on resources. Buying gold with both hands and encouraging Chinese investors to do the same so that more gold enters mainland China than their government can afford.
What are they gonna do with their impolite unsympathetic rival?
My guess that one day, they will forklift all US paper onto the global market, unload all their US paper nearly at once.
US paper, be it dollars or treasury bonds, will plummet. Other nations, already in the process of getting out of the dollar, will realize its going down so to minimize their losses mass dump their US paper too.
The Fed can do nothing but announce they will print at unprecedented levels to try restore the markets.
Americans rich and poor will convert their dollar holdings into assets, regardless if they are gold, bitcoin or for the common man, boxes of cans of beans and tuna and the iconic mountains of toiletpaper, because they realize the value of the money they own,. the purchasing power of it, is in freefall and what matters now is to makeb sure they have the resources it takes to sustain their family for the coming weeks.
Riots at walmart, national bank holiday.
China will be the detonator, the US will be the booster and from America outward the whole world economy blowing up will be the main charge.
Controlled demolition of the world economy, The Big Crash.
Its not going to be pretty for any of us, but especially more so for the poor folks in the developing world for whom a bag of rice, wheat or corn will suddenly double or quadruple, at a time the richer nations are having more than their hands full themselves.
I care more for the world's 50% of genuinely poor people than for the 0.01% elites instigating this crash.
I don't give a fuck if Biff Boomer has to sell his yacht, I care a great deal about AΓ―cha having to decide which of her children no longer to feed so the rest can perhaps barely make it. I also care for the many Americans already on foodstamps, or the other poor in the richest nations, because they too get the shit end of the stick due to a game they themselves never were players in.
That's how I see it, a plausible scenario of how it could go.
I may be wrong, I hope I'm wrong, but I don't think so.
What would make my day is if the Fed announced they found a way out of inflating the dollar, but on the contrary, they committed to it publically. To the good listener, that means, get ready for the storm that's coming.
Not to go all conspiracy theorists on ya, but look at the countries that tried to go back on the gold standard and abandon the USD, or more importantly the leaders at the time, Omar Kadafi comes to mind...Saddam Husain too.
-------------------- KRAMER CAKES


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The Thing
Π’Π½ΨΊΠ’Π½ΰ½’ΠΈΩ


Registered: 03/01/18
Posts: 1,539
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Quote:
george castanza said:
Folks fail to realize that Drump ( Trump) was and is a lifelong Democrat, and the Democrats are definitely holding hands with anyone that can supply them with children to rape. Politics are a shitshow and I would not be surprised if Biden's puppet masters try to change the name of the usa to Chimerica or some other stupid shit, because let's face it, Drumps boss is now Biden's boss.
Not to go all conspiracy theorists on ya...
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teknix
πβπ
’ππ
π°π‘ πΌπ⨻



Registered: 09/16/08
Posts: 11,953
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I think as long as SWIFT continues to facilitate the international dollar system, and the dollar remains the world reserve currency, it would be hard for China to dump their dollars, without plenty of buyers lining up to buy it/exchange for it.
The way I could see your hypothesis coming to pass is if Bitcoin becomes the World's Reserve currency, which seems plausible to me, and it already has began circumvent the control of the central banks.
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skOsH
Functionally dysfunctional



Registered: 07/03/19
Posts: 1,372
Loc: the PNW
Last seen: 1 day, 6 hours
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Re: The Big Crash [Re: teknix] 1
#27259010 - 03/18/21 02:00 PM (2 years, 10 months ago) |
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Remember that discussion right before the lock down stuff
There was something about an inverted yield curve and how it only shows up before recessions/depressions
It's not, it's almost guaranteed to happen, it will happen.
This inverse yield curve started to show in mid 2019
Now the fed is printing tons of money
They're pumping the economy
Then waiting for people to spend their money, which goes to richer people
The more money printing that happens, the wider the inequality gap, because inflation
Also it's really really easy for the mega wealthy to do a hard squeeze on everyone for all the money that will end up being theirs anyway
The only way I see a solution to this, is if enough people got really aggressive at investing and took down all the hedge funds that don't do anything
Otherwise the economy is going to crash, and...it's going to be pretty bad. China's going to come out on top, they'll also have a digital yuan and then the euro will look dated, and also stupid. Bitcoin will skyrocket.
The price of everything will continue to increase
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: The Big Crash [Re: skOsH]
#27259066 - 03/18/21 02:36 PM (2 years, 10 months ago) |
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Quote:
skOsH said: Remember that discussion right before the lock down stuff
There was something about an inverted yield curve and how it only shows up before recessions/depressions
It's not, it's almost guaranteed to happen, it will happen.
This inverse yield curve started to show in mid 2019
Now the fed is printing tons of money
They're pumping the economy
Then waiting for people to spend their money, which goes to richer people
The more money printing that happens, the wider the inequality gap, because inflation
Also it's really really easy for the mega wealthy to do a hard squeeze on everyone for all the money that will end up being theirs anyway
The only way I see a solution to this, is if enough people got really aggressive at investing and took down all the hedge funds that don't do anything
Otherwise the economy is going to crash, and...it's going to be pretty bad. China's going to come out on top, they'll also have a digital yuan and then the euro will look dated, and also stupid. Bitcoin will skyrocket.
The price of everything will continue to increase
Every stock market crash has been partially due to people in power who stood to benefit from it. There is plenty of motivation high up to make a buck at the paupers expense.
If you could only have a gold reserve, aside from a survivability reserve in your house so you can BUY BUY BUY along with the billionaires on the day of the crash and in the weeks of recovery, not having to leave the house and face the food riots but fully commit to making the most of investing.. you might become a bigger fish in those few weeks than in years before it.
If there will be a Big Crash, there will be a great advantage for those who came prepared.
So, be prepared.
You hear the music, someday soon the music will stop and we'll all scramble to the seats that are left. Not enough lifeboats on this ship deemed too big to fail. We leave it to the historians which iceberg gored our compartments, Peak Oil, Trump or Covid. But, we're making water.
-------------------- Omnicyclion.org higher knowledge starts here
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nan0
Stranger
Registered: 01/17/21
Posts: 24
Last seen: 2 years, 2 months
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Re: The Big Crash [Re: Asante]
#27261402 - 03/20/21 05:44 AM (2 years, 10 months ago) |
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So let's say it happens. What are we supposed to? Just buy gold and crypto???
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: The Big Crash [Re: nan0]
#27261559 - 03/20/21 09:05 AM (2 years, 10 months ago) |
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What he recommends is first and foremost to take that months supplies, advise and help your close ones to do the same, and strengthen your ties with your close ones for when the going gets rough, that you can mutually depend on each other more than before.
Society is falling apart. In this process, be one who strengthens the right ties with he right people for the right reasons.
Some structures must come undone, so let that be - while focussing your energies towards strengthening the structures that matter.
You and your close ones should become a UNIT that is better able to weather the storm together.
UNIT implies UNITY. So strengthen the Unity between you and your close ones, you have an affinity of a reason. Examine those reasons and strengthen the good ties in your life.
-------------------- Omnicyclion.org higher knowledge starts here
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skOsH
Functionally dysfunctional



Registered: 07/03/19
Posts: 1,372
Loc: the PNW
Last seen: 1 day, 6 hours
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Re: The Big Crash [Re: Asante] 1
#27262003 - 03/20/21 01:27 PM (2 years, 10 months ago) |
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But seriously, Asante is right. We need to build our local communities and make sure we can help each other...because we might have to do just that
Making financial sacrifices now might be key to saving up enough money to invest after a crash
I don't expect bitcoin to ever fall below $37,000 anymore because Elon Musk bought so much. I am buying it regularly when I see it down live, or down for the hour, and I always buy the same quantity...roughly 1/5000ths of a coin, maybe smaller then that. The goal, is to get one coin then use that to get more coins
Use that to buy gold, any non-fiat
What will be infinitely more valuable are...food, supplies, and skills. Everyone is good at something, or can be, and we can all build supplies for a rainy day.
I am just foreshadowing a crash. What is happening now is unsustainable even though it's nice to get money, with the way our monetary system is set up. The fed is going to stop loaning to the super rich at 0% and well, class warfare will erupt, likely.
I would say invest as much as you can....if you can learn to read stocks, you can make some quick moves there and then you can use that money to buy crypto, or gold, silver, etc.
Invest a small amount now. Buy fractions of shares in companies. We can have a barometer of what's going on with that, and if we can spot the pattern we can invest right at the crash...and, if goes well, we will be fine.
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Oz_Salvia
Conservative
Registered: 04/14/20
Posts: 165
Last seen: 2 years, 28 days
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Re: The Big Crash [Re: skOsH]
#27270043 - 03/26/21 09:07 AM (2 years, 9 months ago) |
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The stockmarket will crash. That's an axiom. Inevitable.
The kicker is people will never really know when it will happen and to guess by pulling all capital from the market will crystalise losses on what was not gained.
Me, I hold some cash to the side for dips being buying opportunities and if underwater on holding I'll let time repair. Relax all, covid will vanish and the market will move onto higher records. The wealthiest have yet to be born.
Every doomer will cry of a coming crash, usually to sell some book on how to prevail/profit if you follow their advice. Many of these doomers do this every year and perhaps one day they'll be right. But the market will bounce back and it will look a rounding error.
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Tripsurfer
Bring Back Asante!



Registered: 08/01/12
Posts: 7,129
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Last seen: 3 months, 27 days
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Re: The Big Crash [Re: Asante] 1
#27271806 - 03/27/21 12:39 PM (2 years, 9 months ago) |
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Crypto - Check Precious metals - Check Weapons - Check Family - Check 25kg of full grain speltflour - Check Long shelflife foods - Check Engineering skills to build whatever - Check
-------------------- Ach en wee ben ik de klos, met mijn boog schoot ik een albatros... A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.

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george castanza
Lord Of The Idiots!


Registered: 10/21/02
Posts: 8,721
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Quote:
Tripsurfer said: Crypto - Check Precious metals - Check Weapons - Check Family - Check 25kg of full grain speltflour - Check Long shelflife foods - Check Engineering skills to build whatever - Check
-fiat check-
.....and I ask myself; how many pounds of cure has this man saved himself?
-------------------- KRAMER CAKES


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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Quote:
Tripsurfer said:
25kg of full grain speltflour - Check
Best get an airtight foodgrade vat or you will learn about the life cycle of the flour beetle the hard way. Insects LOVE whole grain flours.
Albert Heijn has the cheapest grade of oatmeal, 500 grams for 50 cents, 10% off if you online order more than 3, if you take a foodgrade vat of 31 liter and dump 12.5kg into that, the oatmeal will only set you back β¬11.25. Great thing about oatmeal is that if you toss water ort any conceivable tasty hot or cold liquid into it, boom, instant meal thats easy to get down and keep down, satiates for 5 hours or so and comes out right too. If you scoop a bowl its about 100 grams and that fills an adult, so for β¬11,25 you have 125 instant-ready nutritious meals that need no preparation, and whatever flavor liquid you put in it will be what it tastes like. Moreover, oatmeal can be used as the basis for DIY meal bars, so you can compress bars to rations in case you in an emergency need to head out and want sometrhing good to go. 80-95% of muesli is oatmeal so, its good stuff.
-------------------- Omnicyclion.org higher knowledge starts here
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Tripsurfer
Bring Back Asante!



Registered: 08/01/12
Posts: 7,129
Loc: West of Windward
Last seen: 3 months, 27 days
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Re: The Big Crash [Re: Asante]
#27272986 - 03/28/21 11:12 AM (2 years, 9 months ago) |
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My partner has been getting into the "bake your own bread" thing
Those 25kgs arent going to last long enough for beetles to settle.
Also insects are a way better food source
-------------------- Ach en wee ben ik de klos, met mijn boog schoot ik een albatros... A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.

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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Well made spelt bread is awesome, sooo much better than regular bread, it doesn't compare.
-------------------- Omnicyclion.org higher knowledge starts here
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