2hats
Dust.
Dishonest graphic. Aurorae extend well beyond the altitude of that fantasy office block.
Global financial system implosion begins
- Thread starter Falcon
- Start date
It is floating in a magic space bubble mind.
Idaho
blah blah blah
I get vertigo in very tall buildings. Even so, I would still be up for going up that.
gosub
~#
The bubble that's popping includes covid rents due, student loans being owed again, US treasury reckoning savings will be burnt through...and while people have taken advantage of being able to it on their credit card at ever increasing rates they are going to find that harder too.
Skilled jobs have shedding all year, though number of jobs is up as people take on second part time ones to get by..whilst homeless a.And thats just the states where data is reasonably honest (though the WH did have a go at changing the definition of recession last year) China is new just withholding data (on a variety of things) as a pinch of salt won't cut it.
Things didn't return to normal after 2008 the cost of borrowing was slashed and that became the normal. Now we are in trouble again and that won't work so the new paradigm is lengthen periods on endebted servitude.
Takes buyers and sellers to make a market ..but it's switching from buy the dip to sell on the rallies
wemakeyousoundb
hopefully not gimboid
ouch if true
redsquirrel
This Machine Kills Progressives
Let's assume for a minute that all this is correct. Then what? What are the political consequences you derive from it? What political changes are you suggesting?
gosub
~#
Well the BRICs meeting next week will be intresting. Active decoupling from the dollar.
Not being house will impact on US ability to cut rates; not that they are going to ...most likely up another .25 next meeting. They are looking for unemployment to rise (one problem with US system is you can fall off the end of benefits; these people don't fall off the earth just off the books- by the end of this they'll have to address that). Other than that quite a clean dirty shirt they are aware housing is over priced and are right to be trying to correct that. But it will hurt and in the run up to US Presidential's... Which is unfortunate given the likely alternative...
Meanwhile banks have on their books over priced assets and 15years+ worth of underwater Tbonds..so liquidity cruch and further 'consolidation' in banking. Bad news for thems that have been eating through what savings they had making minimum credit card payments.
China...well they already built their autobahns...but can't have too many disengaged 20somethings. So increased likelihood of overseas adventures...Balance of power rests with India....walking away fom all the inward investment they were putting into Afghanistan was a dull move.
EUrozone further pressures towards full Federalization.
Further inflationary pressures on food prices also inbound (Black Sea breakdown and global burnings impact on this year's harvests)
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gosub
~#
The Bank of England is facing major losses on its bond purchases — and it's set to get much worse
The Bank of England's losses on bonds bought to shore up the U.K. economy will be "materially higher than projected," according to Deutsche Bank.
wemakeyousoundb
hopefully not gimboid
tl;drThe Bank of England is facing major losses on its bond purchases — and it's set to get much worse
The Bank of England's losses on bonds bought to shore up the U.K. economy will be "materially higher than projected," according to Deutsche Bank.www.cnbc.com
what's your take on it?
I would hope we have learned that if you only read and watch media that talks excitedly about negative patterns in whatever financial indicators they have cherry-picked, you will not end up with a realistic assessment of the economic situation. Be cautious before betting against the institutions of power, because they hold all the cards and they can change the rules of the game if it starts to turn against them. Systemic weaknesses that lead to catastrophic collapses are very real. However, so are the mechanisms that allow power relations to re-establish themselves, normally to the detriment of those at the bottom, not at the top.
redsquirrel
This Machine Kills Progressives
That, and watching such videos seemingly makes one unable to post coherently on bulletin boards
CH1
"Red Guard"(NLYL)
I reckon the thread is a bulletin board version of what the Keiser Report used to be on RT.
I used to follow the Keiser Report back around 2010-2014 and I noticed that Faisal Islam used to follow them on Twitter - and engage.
I expect after a while he got the message that Max and Stacey were all about wheeling out disaster tropes and not about intellectual discourse, though in that period we had "Grexit" along with bank fraud and austerity. It was all very exciting and slightly at one remove.
I would say Niall Ferguson is the heavyweight covering this area. Nowadays more into right leaning politics, his viewpoints somehow melded into lived experience with his marriage to Ayaam Hirsi Ali - a front line campaigner for individual autonomy as an ex Muslim.
Can I suggest Niall Ferguson's latest book might fit snugly on the GFSIB reading list?
gosub
~#
To whom it may concern, there is no money left. Kind regards and good luck
CH1
"Red Guard"(NLYL)
The counter argument to that is that as RT constantly told you we live in an era of fiat money - which is why you should switch all your savings in Bitcoin, Putincoin, Ethereum or whatever coin.
Therefore if the money runs out - you just make some more.
Personally I'd sooner trust most government's fiat money than Mt Gox however.
gosub
~#
So the banks aren't gaming treasures by keeping on the balance sheet at face purchase value. A lot of them are underwater and they'd have to fire sale them if push came to shove. And it will do.
Two weeks to end of quarter. And we've entered run silent run deep phase.
This thread now pretty much covers an economic cycle and we've hit stagflation
Regulators turn up heat on shadow banks after market blow-ups
September 29 2023 https://archive.ph/hZtJi
Policymakers tackle unintended consequences of post-financial crisis reforms in era of high interest rates
September 29 2023 https://archive.ph/hZtJi
Policymakers tackle unintended consequences of post-financial crisis reforms in era of high interest rates
Metro Bank reveals riskier commercial loan portfolio
January 23 2019 https://archive.ph/rmKX7
Shares dive almost 40% after challenger discloses accounting error and profit warning
Fuck me, that’s totally amateur hour.
wemakeyousoundb
hopefully not gimboid
article dated january 2019 (as per your post) so not quite current I would think
gosub
~#
If you were millstones by that then..death throws now. Other headaches are available but if commercial real estate was causing you pain then that's a stage 4 cancer.
CH1
"Red Guard"(NLYL)
I accidentally turned up this - does it hold true today?
forums.moneysavingexpert.com
Urban 75 (forum)
Well, I've gone onto a number of forums, sometimes with the same query etc and most have been very polite and helpful.
This bit from one of the responses definitely doesn’t hold true todayI accidentally turned up this - does it hold true today?
Urban 75 (forum)
Well, I've gone onto a number of forums, sometimes with the same query etc and most have been very polite and helpful.
NoXion
Craicy the Squirrel
I accidentally turned up this - does it hold true today?
Urban 75 (forum)
Well, I've gone onto a number of forums, sometimes with the same query etc and most have been very polite and helpful.
"clicky"
Well I guess that's even more true today due to the ageing of the userbase, but I suspect they actually meant to say "cliquey". Also it rhymes with "leek", not "lick".
It would be good to know who they were on here. I reckon the reason they got harsh treatment was because they said something bigoted or stupid. Interesting that they don't elaborate on the reasons they were here.
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