I’m just gonna leave this here:
https://x.com/wendyp4545/status/1938077067301507232
Nothing wrong with noticing…
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I just read yesterday about Detroit bankcruptcy from 2013. I didnt even know that is possible.
Some companies at least have grabbed onto energy targets. One refinement representative was in SRS podcast. So it is doable.
How much do you know about Plaza accord (1985) and similar agreements? Thee is some dynamic between these western alliance banks.
So far Hong Kong is still using HK dollar pegged to USD, thus suggesting any time soon they are not ditching chinese export driven economic model(yuan domestic, HKD for external doorway). There dont seem to be lot of takers for Triffin dilemma.
However belt and road program has long timeline, 25 years more to be in full fruition. US can print that long and enjoy “abusing” economies of world.
As military is guarantor of USD and economy, that is the building block to look out. It could weaken by dollar printing in next decades though. However if there are no takers in world to be #1, that can continue. Prediction medium term is fracturing to more regional powers. In the end it comes down to trust and dedication to your country, which keeps system going.
Yes, I’ve arrived at the same conclusion. It’s like a speeding, run-away train; no amount of applying the breaks can stop the inevitable crash. I’m laser focused on getting my spiritual, physical, and financial house in order.
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Milei in Argentina was able to do it. So it can be done with the right leader, with the will to follow through. I think Trump with DOGE was our last chance to turn the ship of state around. Zero chance it gets done now. The die is cast. Caesar has crossed the Rubicon.
The only thing left to decide is what are you going to do with the time that is left.
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Is this the true situation… print for another decade or two. … just keep kicking can down road…
I never thought it would last this long!
Silver…how long manipulated yet continues with upward trajectory on price
We have hit peak oil no one cares
Inflation slow upward trend.
The pan of water is heating slowly BUT unless heat is turned up frog is enjoying nice warm bath
Been preparing while noone i knew friends/family seem to be concerned (other than obvious) and live life , spend, borrow go on vacations,don’t carry
Who is the crazy one?
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I was concerned about imminent collapse and hyperinflation a year ago, but now I’m leaning toward being bullish on the TPTB being able to keep kicking the can indefinitely, possibly for decades more. They have proven to be able to manipulate the markets, banking rules, etc. through various circumstances to prevent collapse of the financial system. I am tending to think that ignorance is probably bliss with regards to living life without worrying about what is coming. Perhaps we have the advantage of knowing and making reasonable preparations for scenarios like decades long stagflation, hyperinflation, etc. But need to know that the current state of affairs could last for much longer prior and plan accordingly.
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Yep. I’ve been saying for a while that whatever is coming, we are going to go through it. Everyone should decide what they are going to do with that info.
Personally, I’m getting a bit sick of waiting for the crash/reversion to normal PEs/prices. We’ve been told it’s all going down for years, but it keeps on going. When/if the gov runs out of firepower to prop it all up, companies are prob going under anyway (all heavily in debt) so you poss don’t end up winning in the stock market anyway. You either buy a dip and it all keeps going or it goes down hard and everything you don’t hold goes “poof” and the bankers clean up.
I’m sick of waiting. Sick of thinking about all this stuff. I’m tempted to just put it all in gold and forget about it until my retirement in however many years, if I make it that far/there is anything worth spending it on by then. If not, I’ll bury it and some random person can have a lucky find 500 years from now. Like with English Civil War stashes.
Other than that, I don’t really want/can’t afford a farm, but I have a house full of stuff, including enough sugar to make hundreds of litres of spirits. Quite frankly, if that doesn’t get me through any hard times (I won’t say whether I mean by drinking it or swapping it!) then I don’t want to be here and I’ll probably already be dead somehow if it’s got that bad.
Sorry. Went on a bit of a sperg there. It comes out sometimes!
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True. I don’t think we’re doing that. I think we’re instead forming a consensus that we’re not on a path to success. It’s looking in excess of 95% probability of a miss.
I remember in the lead up to 2020, it was clear Trump was going to lose due to election rigging. Trump even knew it, and talked about not necessarily conceding. I was convinced that he’s not dumb enough to walk straight into it and get wrecked. Then he walked straight into it, got wrecked, and looked to do something about it after the fact. Then he picked Lin Wood and Sidney Powell to head up his legal challenge, all the while Robert Barnes is in the backdrop shouting “Pick me! Pick me!”
Trump is extremely talented in some ways. But no, we’re not on a path to success. We’re on a path to a lame duck presidency with the only part of his agenda at all on track being RFK’s MAHA (still painfully slow, but maybe not too slow). The only way to uplift that is first to acknowledge it.
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I feel the same way, Rob.
Paraphrasing spiritual teacher Ram Dass…
“Whether this is the first day of the apocalypse or the first day of the Golden Age, the work remains the same…to love each other, and to ease as much suffering as possible.”
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I’m hearing about many Aussies leaving the country in response to the planned tax on unrealised capital gains in super (our 401k) accounts with over A$3 million. It doesn’t affect that many people… just the ones who managed to accumulate significant capital through their ingenuity.
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Though, once on the books and accepted in principle as “a thing”, the number always creeps downwards - which is an easy tweak that barely makes the news. That’s what happens in the UK, anyway.
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Invest in old wine barrels or white oak saplings.
Sugar wash and whi’ lightnin’ is hard fuel for hard times. If you’ve got the resources now, set yourself up for some damn-pleasantly aged times when it really does hit the fan.
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Good advice - thanks for the reminder.
I only use a bit of spirit to fortify mead and make fruit liquers and gins at the moment. Quite simple stuff and my taste for alcohol strength tends to top out about 20% - ie fortified stuff like port. Though a near 30% limoncello is nice sometimes in small doses.
Always felt that brandies and whisky taste a bit like evil, but I would like to make some and lay down a few barrels. Just for the banter if nothing else and to make gifts of. Maybe I’ll try to gently oak and age some fortified mead first. I have some wood to use in demijohns, but having a few barrels put aside (not like they are going to go down in price!) wouldn’t be a bad thing to do. I also fancy buying some wood and making some barrels as I have woodworking tools. So many cool things to do and not enough time!
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You are not alone - I have said this to myself many times. Being debt free allows this type of F it attitude. But then i head to my garden and keep being an example to others.
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It seem like podcasters, “experts” are all just getting wealthy off the advertising and selling stuff as they spin stories
Just hard to know what to believe and when to stop listening so we donot go to dark places
Ok
Need to go open a bottle of wine lol
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Car insurance rates are up in large part because the jabs make people die or have strokes, sometimes while driving. If you follow Mark Crispin Millers “Died Suddenly” substack you’ll see lots of them.
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No, it can’t be but people will be exiting at rates not seen since the Black Plague. Mortuary Science will be a very good college bet.