I always felt that obama would be the fall guy for the coming depression, the same way herbert hoover was for the last one. Aside from the obvious difference in colour they both share an important trait. They are nobodies basically, not connected by wealth to the US elite. Of course for this to be true the whole global economy would have to fall off the cliff before the next one is inaugurated. About a year and a half away.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
It's already a depression TWT.......specially in the U.S.
It's fucked!
A fortnight ago, China dumped around $200 billion in U.S. T-bills on the market. It caused a panic. Stock markets went into free fall. That was just a warning from China. Now $40 billion they are dumping weekly:
That's a good site for news lull, they don't update often but the stories are first rate. What did china spend the money on? Some went into gold and no doubt some to settle their oil bill.
Post date: 09/08/2015
The People’s Bank of China (PBOC) added another 15.98 tonnes of gold in August – at the same time its foreign exchange reserves fell a whopping $94 billion. http://www.goldcore.com/us/gold-blog/
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
It's already a depression TWT.......specially in the U.S.
It's fucked!
A fortnight ago, China dumped around $200 billion in U.S. T-bills on the market. It caused a panic. Stock markets went into free fall. That was just a warning from China. Now $40 billion they are dumping weekly:
We’re on the verge of a much worse financial crisis than the one we went through in 2008 and it’s going to take the form of a currency crisis. You’re talking about currency wars. American is going to win the currency war, which is a race to the bottom, and you don’t want to win a currency war because a currency war is different from most wars in that the object is to kill yourself and unfortunately, we’re going to succeed.
Peter Schiff cracks me up.
“Talk sense to a fool and he calls you foolish.” - Euripides
Its not just the US, its the whole Anglo-sphere. Its decline is terminal, the last pillar supporting it is the US military.
The catch 22 is the US military is too expensive for the US economy to support thus expediting its economic demise.
The cultural decline in the Anglo-sphere has been the most stark. Pure Devolution on display.
The typical person in the Anglo-sphere today is clearly inferior to previous generations.
BTW, I predicted the Anglo-Spheres decline years ago, I also stated that it might try to start a war rather than accept not having the Premier spot on the Geo Political Pecking order.
Look at all the shit the US and UK and the international Banksters are up to, trying desperately to start wars left right and center.
They were initially even in bed with ISIS. But now that this monster is getting out of their control, the Anglo-Sphere might itself get sucked into the vortex of chaos it created in its attempt to stay on top of the pecking order.
Here is another prediction for you all. The Anglo-Sphere will be totally impotent within 20 years and at China's mercy.
Desperate" Chicago Schools Need Half Billion To Avoid Mass Layoffs, Partial Shutdown
Last month, we noted with some incredulity that Illinois is now paying lottery winners in IOUs. Long story short, the state’s inability to pass a budget means big winners will have to wait on their prize money, a ridiculous situation which prompted one Illinoisan to remind state officials that “if we owed the state money, they’d come take it and they don’t care whether we have a roof over our head; our budget wouldn’t be a factor.” State Rep. Jack Franks agreed, noting that the “government is committing fraud on the taxpayers.”
The lottery debacle is just the latest example of Illinois’ deepening fiscal crisis which was catapulted into the national spotlight in May when a state Supreme Court decision that struck down a pension reform bid prompted Moody’s to cut the city of Chicago into junk territory. Since then, the media has been awash with tales of the labyrinthine, incestuous character of the state’s various state and local governments and the deplorable condition of the state’s pension system. The fallout from the budget crisis is far-reaching in the state with the latest example being Chicago’s public school system (the third-largest in the country), which opened this week.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Its not just the US, its the whole Anglo-sphere. Its decline is terminal, the last pillar supporting it is the US military.
The catch 22 is the US military is too expensive for the US economy to support thus expediting its economic demise.
The cultural decline in the Anglo-sphere has been the most stark. Pure Devolution on display.
The typical person in the Anglo-sphere today is clearly inferior to previous generations.
BTW, I predicted the Anglo-Spheres decline years ago, I also stated that it might try to start a war rather than accept not having the Premier spot on the Geo Political Pecking order.
Look at all the shit the US and UK and the international Banksters are up to, trying desperately to start wars left right and center.
They were initially even in bed with ISIS. But now that this monster is getting out of their control, the Anglo-Sphere might itself get sucked into the vortex of chaos it created in its attempt to stay on top of the pecking order.
Here is another prediction for you all. The Anglo-Sphere will be totally impotent within 20 years and at China's mercy.
You may want to read a newspaper.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Why would he want to read Newspaper? He gets enough lies from the Internet sites he visits
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.
Forum Rules:
The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.
Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.
Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.
This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.
Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ
Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy