What did we think would happen, with individuals and gov't agencies spending like so many drunk sailors on their 1st shore leave in a yr??? Our national debt is $33 Trillion, and rising like a flash flood. I'm not sure what the unfunded liabilities ( pension funds and the like) is nationally, those are carried by states and municipalities as well as the Federal gov't. College loan debt, credit card debt due to living beyond one's means, exacerbated by rising inflation and stagnant wages, etc. "Black Tuesday" in 1929 will seem like a walk in the park. The most recent excuse for a budget bandaid doesn't even come close to what needed to be done! It's not " the Dems" or "the Repubs'", it's the irresponsible and unaccountable UNIPARTY that's been destroying our nation for the past century and more, bit by bit, lie and theft by lie and theft. Many are currently blaming the 8 Repubs' who held out against McCarthy in January, and again last Saturday on the CR. Trouble is they were acting according to our written Constitution, or trying to at least, and for that they're demonized. We, the people, have been FAILING in our bound duty as citizens, for generations, and now it's coming home to roost. If you want to really know whose fault we're in this mess, look in a mirror, and in the faces of your parents, grandparents, great grandparents and as far back as it takes you to reach 1871, when we the people allowed the Federal gov't to go rogue, and have done NOTHING to rectify that in the 150+ yrs since! That's who's at fault. WE kept electing the crooks robbing us blind, refusing to SEE who and what they are!
The Bible tells us Yhwh God sets up and pulls down gov'ts, and gives a people the gov't they deserve... in '16 He offered America a chance to come to her senses, in Trump, but he failed to do that for which he was put in place: to gather the religious and civil leaders and lead a national repentance and turning away from our national sins. Instead he tried to do in his way what only Yhwh God could do, so he was removed in '20, and we were indeed given the gov't we dserve!
In the last go round, we had $40 thousand worth of WAMU stock, after they went belly up, we got a letter asking us how we wanted to settle our account, at that point we had lost it all. What we now had was worth 0.007 cents, I asked them to send us a check. Still waiting, if we had gotten it, I would have framed it to show why they had gone bankrupt.
I myself have no banks. Perhaps you mean that your banks will be in trouble? Or do you own any? I refuse to claim the banks because they are incorporated domestically. Perhaps you still imagine that the banks have loyalty to Americans so Americans should have loyalty to the banks and claim them as ours? If so, you have been paying no attention to the banks since at least the collapse of LTCM.
News alert, brother: the banks despise you and use you terribly. They hate freedom and want to enslave Americans. So they are in trouble. GOOD!! They deserve to suffer and be economically destroyed, to lose all their assets and be sued into oblivion. They are run by jerks.
You want me to shed tears for banks and bankers? No. No, Michael, I don't think I will do that.
You might look into the parallel economy. Because if the banks go away, you might need some silver coins for groceries. Or Bitcoin or Monero or Zcash or PirateCoin or something. The economy will continue without the bankers and so will the American people.
But would you rather pay to bail out the bankers again for the third time since 2007? I would not.
Maybe you have a neighbour who is a banker? Then have them look at their soul and pray to God for forgiveness. Amen.
"Now listen, you rich people, weep and wail because of the misery that is coming on you. Your wealth has rotted, and moths have eaten your clothes. Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days. Look! The wages you failed to pay the workers who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord Almighty. You have lived on earth in luxury and self-indulgence. You have fattened yourselves in the day of slaughter. You have condemned and murdered the innocent one, who was not opposing you."
"Be patient, then, brothers and sisters, until the Lord’s coming. See how the farmer waits for the land to yield its valuable crop, patiently waiting for the autumn and spring rains. You too, be patient and stand firm, because the Lord’s coming is near. Don’t grumble against one another, brothers and sisters, or you will be judged. The Judge is standing at the door!" JAMES 5
I have been screaming from the rooftops for several years, that people should get out of the stock market. No one listens. This "too big to fail" attitude is exactly how we got into this mess. Millions of innocent people will lose their life savings in the next few months. I think that this crash will make The Great Depression" look like a walk in the park. There are just too many bubbles: currency, housing, stock market, bond market, banks and credit card debt. What happens when housing prices plummet, and you suddenly owe more on your home than it's worth?
The scariest one though, is the derivatives bubble, which is over a quadrillion dollars. That's a thousand trillion dollar market, that is basically people betting on whether something goes up or down.
If you can roll your IRA over into precious metals, I beg you to do it today. Find a reputable company and just do it. Next week may be too late.
Just over 1/2 of adult Americans have mony in the stick market but the vast majority of the money is in financial institutions that handle investment funds/retirement accounts. The resetvwill wipe all this out.
Fear can be edifying if not misplaced. If you don’t find a way to explain to your mind what’s going on and find an interim solution, the stress will react on your bodily processes. You cannot control your sympathetic nervous system when it smells trouble unless you quell the stimulus. Sympathetic dominance will lead to dis-ease.
What did we think would happen, with individuals and gov't agencies spending like so many drunk sailors on their 1st shore leave in a yr??? Our national debt is $33 Trillion, and rising like a flash flood. I'm not sure what the unfunded liabilities ( pension funds and the like) is nationally, those are carried by states and municipalities as well as the Federal gov't. College loan debt, credit card debt due to living beyond one's means, exacerbated by rising inflation and stagnant wages, etc. "Black Tuesday" in 1929 will seem like a walk in the park. The most recent excuse for a budget bandaid doesn't even come close to what needed to be done! It's not " the Dems" or "the Repubs'", it's the irresponsible and unaccountable UNIPARTY that's been destroying our nation for the past century and more, bit by bit, lie and theft by lie and theft. Many are currently blaming the 8 Repubs' who held out against McCarthy in January, and again last Saturday on the CR. Trouble is they were acting according to our written Constitution, or trying to at least, and for that they're demonized. We, the people, have been FAILING in our bound duty as citizens, for generations, and now it's coming home to roost. If you want to really know whose fault we're in this mess, look in a mirror, and in the faces of your parents, grandparents, great grandparents and as far back as it takes you to reach 1871, when we the people allowed the Federal gov't to go rogue, and have done NOTHING to rectify that in the 150+ yrs since! That's who's at fault. WE kept electing the crooks robbing us blind, refusing to SEE who and what they are!
The Bible tells us Yhwh God sets up and pulls down gov'ts, and gives a people the gov't they deserve... in '16 He offered America a chance to come to her senses, in Trump, but he failed to do that for which he was put in place: to gather the religious and civil leaders and lead a national repentance and turning away from our national sins. Instead he tried to do in his way what only Yhwh God could do, so he was removed in '20, and we were indeed given the gov't we dserve!
How much debt are you carrying???
In the last go round, we had $40 thousand worth of WAMU stock, after they went belly up, we got a letter asking us how we wanted to settle our account, at that point we had lost it all. What we now had was worth 0.007 cents, I asked them to send us a check. Still waiting, if we had gotten it, I would have framed it to show why they had gone bankrupt.
I'm so sorry.
I myself have no banks. Perhaps you mean that your banks will be in trouble? Or do you own any? I refuse to claim the banks because they are incorporated domestically. Perhaps you still imagine that the banks have loyalty to Americans so Americans should have loyalty to the banks and claim them as ours? If so, you have been paying no attention to the banks since at least the collapse of LTCM.
News alert, brother: the banks despise you and use you terribly. They hate freedom and want to enslave Americans. So they are in trouble. GOOD!! They deserve to suffer and be economically destroyed, to lose all their assets and be sued into oblivion. They are run by jerks.
You want me to shed tears for banks and bankers? No. No, Michael, I don't think I will do that.
You might look into the parallel economy. Because if the banks go away, you might need some silver coins for groceries. Or Bitcoin or Monero or Zcash or PirateCoin or something. The economy will continue without the bankers and so will the American people.
But would you rather pay to bail out the bankers again for the third time since 2007? I would not.
Maybe you have a neighbour who is a banker? Then have them look at their soul and pray to God for forgiveness. Amen.
"Now listen, you rich people, weep and wail because of the misery that is coming on you. Your wealth has rotted, and moths have eaten your clothes. Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days. Look! The wages you failed to pay the workers who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord Almighty. You have lived on earth in luxury and self-indulgence. You have fattened yourselves in the day of slaughter. You have condemned and murdered the innocent one, who was not opposing you."
"Be patient, then, brothers and sisters, until the Lord’s coming. See how the farmer waits for the land to yield its valuable crop, patiently waiting for the autumn and spring rains. You too, be patient and stand firm, because the Lord’s coming is near. Don’t grumble against one another, brothers and sisters, or you will be judged. The Judge is standing at the door!" JAMES 5
I have been screaming from the rooftops for several years, that people should get out of the stock market. No one listens. This "too big to fail" attitude is exactly how we got into this mess. Millions of innocent people will lose their life savings in the next few months. I think that this crash will make The Great Depression" look like a walk in the park. There are just too many bubbles: currency, housing, stock market, bond market, banks and credit card debt. What happens when housing prices plummet, and you suddenly owe more on your home than it's worth?
The scariest one though, is the derivatives bubble, which is over a quadrillion dollars. That's a thousand trillion dollar market, that is basically people betting on whether something goes up or down.
If you can roll your IRA over into precious metals, I beg you to do it today. Find a reputable company and just do it. Next week may be too late.
Just over 1/2 of adult Americans have mony in the stick market but the vast majority of the money is in financial institutions that handle investment funds/retirement accounts. The resetvwill wipe all this out.
Maybe it is time to spend our paper money on "stuff" we might need, when SHTF ?
They are spending like there is no tomorrow because they know there is no tomorrow.
"Eat drink and be merry for tomorrow we die"
"Recently, a 565 square foot house in West Hollywood “sold for a whopping $1.1 million”…"
And Mar-A-Lago is worth just $18 million.
Right?
More fearmongering nonsense.
We shall see. We shall see.
Fear can be edifying if not misplaced. If you don’t find a way to explain to your mind what’s going on and find an interim solution, the stress will react on your bodily processes. You cannot control your sympathetic nervous system when it smells trouble unless you quell the stimulus. Sympathetic dominance will lead to dis-ease.