The Federal Reserve has been artificially propping up the economy for years preserving the "Obama legacy" but the bubble will burst at some point. The next president will be left holding the bag. If Trump wins expect a crash on the heels of election/inauguration. If the hag wins they will keep inflating the bubble until there's no magic on earth that will stop the collapse. That will be much much worse for the average American IMO but will provide plenty of opportunity for the left to ram its agenda down our throats.
Thoughts on economic conditions
- Thread starter Drinkthekoolaid
- Start date
Foxtrapper
.40 S&W
I don't think they will keep inflating this bubble. Soro's has already been quoted as saying the west has to fall for the NWO government to be ushered in. And IMHO, this will be done soon after these elections, regardless of who wins.
Snappo
6.5 Creedmoor
That's an excellent point. Bartering materials will be more like rifles, ammunition, split wood, canned and jarred foods, jerky, mylar blankets, 5 gallon jerry cans of oil and diesel, personal water filtration devices. Stuff like that. A meltdown of the fabric though will mean companies stop manufacturing; which further means a lot of people will die from lack of medicine.
Snappo
6.5 Creedmoor
Didn't Ovomit inject $100B a month into the stock market by buying stocks and creating Bonds (IOU's)? The Federal Reserve is controlled by Congress. Did the Legislative Branch push this, or was it the Executive Branch using POTUS directives?
Snappo
6.5 Creedmoor
Congress has the right to dissolve the present currency and default it. Don't forget the First Bank of the United States, and the Second Bank of the United States. I'm thinking a lot of people got screwed as they closed those corrupt central banks and went to the free banking era and let the individual States do banks.
History of central banking in the United States - Wikipedia, the free encyclopedia
And things are still getting worse for deutshebank
Most Important EU Bank Collapsing: Deutsche “Entering Death Spiral, Impossible to Stop”
Most Important EU Bank Collapsing: Deutsche “Entering Death Spiral, Impossible to Stop”
carpediem
.338 Win Mag
It was only a matter of time before the house of cards collapsed. They are spending like drunken sailors and the money is not stimulating the economy. The economic policy followed by the outgoing administration(feels good to finally say that!) has been one of utter recklessness. This will drag down the country for a long time to come, I think.
meketrefe
.450/400 Nitro Ex
In netflix now. do watch it...
No idea how accurate or smart this guy is But it's another story in a growing list of people sounding the alarm...
Top Economist Advising Americans to Store Food, Water and to Get a Gun
Top Economist Advising Americans to Store Food, Water and to Get a Gun
livingston
20×102mm Vulcan
We as americans have not a clue of what is around the bend ...For the last several years I have been working a part time job .... Just started a second . Because of this I have more debt on credit cards that I ever have ... Having lived through this situation I will tell you money is king . I had cash saved up in the house along with hording a lot of everyday stuff . We can have all the bullets we will ever need but when that electric bill is due they want $$$ . Folks say go to work at micky dees .. well perhaps when you are in your 20's .. I am over 60 and age discrimination and employment go hand in hand . I heard on Hannity a few months ago that if a person had lost their job and was over 50 years of age you had like a 90 % chance of never working a full time job again in your life .... Let me tell you ... That is almost a fact.. Ten years ago a friend was buying a pickup and in passing time while deciding the pitch was for a lease truck. .. They got talking about this and the salesman said almost 60-70 % of the trucks are on a lease program ... This means to me folks have not the money to buy outright .. Flame me if you wish ... That is my thought. The economy was not good then .. Today is worse. .I had my car paid off it is in good shape . I would never been able to renew my lease at my income level. ... This is something folks don't think about. ....
Trump was giving this country a warning in the last debate...
TRUMP: The Fed is manipulating interest rates until Obama is out of office
The anti trump folks say he has no grasp of the facts . .. The interest rates have been low to "stimulate " the economy ... Do you think we are living in a stimulated economy ? .. We have heard from Hillary about all these 25 year olds Bernie supporters living in their parents basements. . Ask them.
We could see something major it this country after the first of the year.... Hope I am wrong.
Trump was giving this country a warning in the last debate...
TRUMP: The Fed is manipulating interest rates until Obama is out of office
The anti trump folks say he has no grasp of the facts . .. The interest rates have been low to "stimulate " the economy ... Do you think we are living in a stimulated economy ? .. We have heard from Hillary about all these 25 year olds Bernie supporters living in their parents basements. . Ask them.
We could see something major it this country after the first of the year.... Hope I am wrong.
Robin
.577 Tyrannosaur.
Its not 'if', but 'when'!
Robin
Robin
Snappo
6.5 Creedmoor
Is it true that companies are reticent to fire anyone over 50 because that's equal to firing a minority? I forget if I read that somewhere or someone told me. Like age was a protected group now.
shoot2much
.40 S&W
Uh, it's called age discrimination. People are afraid of old geezers suing them because the company, from a business standpoint, could get someone probably twice as sharp and half as cheap to do the same job. Nothing against older folks at all, but unfortunately that is the way it is. Companies get repeatedly sued because of this. In reality, they were just making a business decision (buy low, sell high).
I have food. Lots of food. I have it stored in multiple locations. I have routes taking me to where I may need to go. I have guns; lots and lots of guns. I have enough ammo that I could shoot everyday and barely make a dent in my supplies. I have water. I have nearly all that I can think about to get me and mine through whatever may come our way. I have been told by many that I am dead inside in regards to my fellow man. If someone is not in my inner circle, I care none for them. I will not help strangers if shit turns really bad. I do not give to the homeless. All I have is mine and my families, I do not share. Never have, never will.
I believe that when it comes to finances, we as a nation are screwed. We cannot recover from the mess that our Elected class has put us in. Everything I do, I do for the future of my family. Dire days are indeed ahead. Life is changing before our eyes and most Americans are clueless and in the dark!
I believe that when it comes to finances, we as a nation are screwed. We cannot recover from the mess that our Elected class has put us in. Everything I do, I do for the future of my family. Dire days are indeed ahead. Life is changing before our eyes and most Americans are clueless and in the dark!
livingston
20×102mm Vulcan
There are thousands of ways to fire someone and make it legal .There are thousands of reasons not to hire someone . My sister worked in HR a while ago for a fortune 500 company. Today with the internet people all over the United States apply for $10 / hr jobs ...They receive a thousand applications for such jobs . Perhaps not every job opening ....but she has seen it.
shoot2much
.40 S&W
One could argue that being a member of the police force means you either leave your post, against an oath, to protect your family--or you leave your family to fend for themselves to protect and/or serve the public. How do you negotiate that? Not nitpicking, nor dumbing anything down. It's a real question that I am genuinely curious about. I've always wondered what cops will do in the face of SHTF scenario because surely they'll be called to duty, wont they?
I'm really starting to wonder what will happen first, the economy tanks on its own or something else (grid down, major war etc..) there are very concerning economic indicators. And that's not even talking about the NWO globalists deliberately crashing the economy to consolidate their power.
Obviously an extended grid down scenario would be catastrophic for the economy, but I think our economy has literally been held together with duct tape that it might unravel on its own in the not to far off future depending on the results of the election.
Obviously an extended grid down scenario would be catastrophic for the economy, but I think our economy has literally been held together with duct tape that it might unravel on its own in the not to far off future depending on the results of the election.
ALL that I do is for my Family. Everything is about them. I will evaluate the situation, whatever that may be and make a decision based upon the facts of the events.
shoot2much
.40 S&W
I assume you knew this was coming...
So you'll abandon your oath to protect and serve the public in such a situation that requires it? You'll help your family at the expense of said oath and public safety? I assume the answers are "yes and yes" but it's interesting to hear. Makes you wonder what the point of the oath is.
Again, I am not trying to antagonize you nor am I trying to stir up shit, but just curious from your point of view what you think about all of the moving parts involved in such a scenario. It really makes you think about what is going through peoples' heads when they sign the dotted line on a military or police contract, doesn't it? It does for me. Kind of a 'have your cake and eat it too' situation.
Snappo
6.5 Creedmoor
I think it depends. Assuming the SHTF is based on a market crash, money might hyper-inflate like Myanmar and if a government agency cannot pay the LEO would that government agency expect the LEO's to work for free or for pennies? I'm thinking most LEO would go home and protect their family. Now in a nuclear attack if they are still being paid they might go deal with public uprising control. But wouldn't that burden fall on the National Guard anyway?
I'm thinking the SHTF scenario is the market. I am kind of ruling out Iran and North Korea because USA has 7,500 nukes in working order and another 22,000 that we have yet to break down. So in a SHTF we basically can respond with 30,000 nukes. Russia would no doubt side with us if we were attacked by a rogue state because they need our economy to keep their economy alive, so all in the allied forces with NATO are more in the realm of 60,000 nukes or more. And only China would ponder having North Korea's back and she has what - like 250 nukes? I'm not sure Russia would side with us on an Iran nuke issue but I assume they would. But supposedly any nuke coming out of Iran or North Korea has refined fissile material that indicates they refined it and not USA, Russia, or NATO. So they would NEVER ponder messing with us. That leaves a market crash, a catastrophic solar flare, extinction level meteor impact, or the next iteration of virus that is worse than Spanish Flu. Of all those, I say market crash = #1 and maybe a Spanish Flu mutation as #2. Spanish Flu killed 10x more Americans than WW I and I read that the life expectancy in USA dropped by 10 years. Supposedly 4 out of every 10 Americans got it.
shoot2much
.40 S&W
It only takes 1 nuclear device in the hands of someone who is psychotic and just wants to cause chaos and death. Damn the consequences.
A terrorist group being supplied by NK or Iran is a seriously possibility too.
Snappo
6.5 Creedmoor
I used to worry about that. But I think the serious terror groups saw how easily we rolled in Afghanistan and 2x in Iraq. They will keep doing little nickel-and-dime crap but for the most part they keep their efforts focused on North Africa / Middle East. If I was Israel I would be pretty darn concerned though. But even she has somewhere in the neighborhood of 400 nuclear warheads ready to fly. Honestly as we decomm our submarines we should sell them to Israel so she can launch from the Red Sea, Mediterranean Sea and Persian Gulf. We have a lot of Los Angeles class subs ready for decomm, don't we?
I still think its gonna be a Wall Street meltdown. There are only a few DOW and S&P 500's with a P/E of 10 or under. Most are from 50 to 100 and beyond. How can those companies even sustain? I guess because of the growth in some sectors, but what about when growth stops? I am no great visionary; but it just seems like the market needs to correct down by like 25% or more. Maybe even 50%. DOW's and low P/E's shouldn't get hurt at all. My company has a P/E of 66 so I am probably out of a job in that zombie apocalypse. Maybe not though - they are king of computer hardware and cloud. Maybe they can hang tough.
shoot2much
.40 S&W
80 nukes for Israel, per the link I posted upthread. Who knows how accurate that is though.
I have taken an Oath of Office twice in my life. I have Never failed to uphold that Oath. Even at my expense, I have always honored said Oaths. I will continue to do that until the day when it is no longer possible.
Snappo
6.5 Creedmoor
That makes no accounting of missiles that we are supposed to eventually get dismantled per START and SORT treaties. I have no clue what the budget of NNSA is or how long it will take to get USA from 32K weapons down to 2K active and 5K reserve. And I don't believe that includes tactical weapons, does it?
shoot2much
.40 S&W
No longer possible for you, in your mind, right? Physically, you can make yourself put riot gear on and go fight the bad guys out on the streets, as cars and buildings burn around you. Emotionally or mentally, you may choose to do otherwise, based on what you think you should do, not what your bossman says to do? I totally understand what you're saying, but again it's a very "have your cake and eat it too" mentality. You take an oath which is supposed to be without exception but then when an exception comes up, per your interpretation or opinion of one, you can abandon that oath? I am all for people being gung-ho about joining the military and the police force, but sometimes they need to step back and smell reality.
My context for the above is my brother-in-law. He enlisted in the Army a few years ago as infantry. He was DIE hard. Now, four years later, he says the big Army isn't for him, and that he wants to get out, and it wasn't what he thought it would be. Yet when we went to Georgia for his graduation, he told us that he would rather be with his "brothers" than his family in a time of war because they're what mattered, and civilians were second-rate to him because he is 'in the military!' Ok, I get it, boot camp is designed to brainwash these guys. I totally get it. However, having a mind and being able to think for yourself is also a very real thing. Taking an oath really doesn't mean shit if you're willing to abandon it for ANY reason, when you could serve a purpose in uniform in a situation that required it. Do you know what I mean? Or am I coming off as an ignorant civilian who doesn't know, and couldn't know, because I've never been a cop?
That last line is kind of snarky, and is intended to be, but I mean it in the most respectful way possible--just busting balls.
Snappo
6.5 Creedmoor
Yeah I don't buy into the FAS. Janes Defence Weekly and CIA factbook are typically your best sources for information even though their numbers are never close to FAS. But I do know Dimona supposedly has made enough material for 250 to 400 weapons. Every blue moon some Dimona scientist will spill the beans in some tell-all book; but the media never gives it much airplay. I also don't buy into FAS's ongoing position that Israel keeps all weapons in stockpile and that they cannot be used and are slated to be dismantled. One tell-all book said that during the Yom Kippur war that they had 50 in the air ready to melt Cairo and all military targets in Egypt; but that since Israel won handily she didn't need to use them.
Keep the conversation going... I do not mind and I take absolutely no offense. I have some of the thickest skin of anyone I know.
As for the "My interpretation" Thing... I never said that. Again, all is possible and nothing can be ruled out. There are so many situations and incidents that we could never list them all. I never live my life in a constant. Way to many variables to answer to.
Let us reach really far out. A massive Zombie Apocalypse hits the US, cities are being burned and they (Zombies) out number 100 to 1. Do I stay and shoot at them until they get me? Or do I turn and run like the rest of society? Gotta tell ya, I ain't stickin around!
While in the Army, there were many times that I thought it would be a good idea to get out of dodge, as with many of my brothers, we stayed each and every time.
I take my Oath very seriously, as do all that I served with in the past as well as currently. It would take something major to alter that belief!
I take my Oath very seriously, as do all that I served with in the past as well as currently. It would take something major to alter that belief!
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