Stryker1982
SENIOR MEMBER
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- Oct 5, 2016
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Side stuff.
Economic situation in the west is not great.
US Federal Teasury is completely lieing about inflation.
Look at how they manipulate inflation statistics.
@TheImmortal Have you noticed major price changes?
@aryobarzan
@sha ah
In Canada, prices have changed alot, cheese, bread etc... more expensive.
In some industries I've seen prices increase by 40%+ minimum, particularly electronics.
They are saying it is transitory, but this is a lie and I really do believe we are close to the brink of another economic failure like 08' but probably worse due to the massive amount of public debt.
Since the start of the corona virus, M2 money supply has spiked up massively due to money printer going hard. Massive amount of bills are still being printed and circulating
So much so that Overnight Reverse Repo market has skyrocketed because major financial institutions have no idea where to invest with all their cash on hand, which leads me to believe that they are waiting for something...
Every night, major banks and institution in the United States deposit over a trillion USD and rising, for overnight interest gain. The Federal Treasury provides minimal interest for this deposit, and the next morning the money is returned to the recipients only to be redeposited the next day over and over again. On Firday a record total deposit was made to the tune of 1.2 trillion dollars. Why are these institutions depositing their money here, instead of land? Gold? Stock market? or anything esle?
I can't say for sure why, but my guess is that they believe their is a impending crash due to inflationary issues, and storing the money in these overnight treasury bills is the safest option to atleast earn a small profit from interest until the floodgates crash open.
China's second largest prosperity developer (Evergrande) is on the brink of bankruptcy. Unclear whether or not they will restructure their massive amount of debt or conduct a forced liquidation of assets.
If they complete the latter, this will cause a huge ripple in the Chinese economy and affect their US creditors as well. I don't' want to sound over alarmist, but the signs of major problems on the near term future are showing.
Evergrande stock value has been getting hammered every day, and a default would be similar to the Lehman brothers fall of 2008. I expect property values in China to fall hard.
Economic situation in the west is not great.
US Federal Teasury is completely lieing about inflation.
Look at how they manipulate inflation statistics.
@TheImmortal Have you noticed major price changes?
@aryobarzan
@sha ah
In Canada, prices have changed alot, cheese, bread etc... more expensive.
In some industries I've seen prices increase by 40%+ minimum, particularly electronics.
They are saying it is transitory, but this is a lie and I really do believe we are close to the brink of another economic failure like 08' but probably worse due to the massive amount of public debt.
Since the start of the corona virus, M2 money supply has spiked up massively due to money printer going hard. Massive amount of bills are still being printed and circulating
So much so that Overnight Reverse Repo market has skyrocketed because major financial institutions have no idea where to invest with all their cash on hand, which leads me to believe that they are waiting for something...
Every night, major banks and institution in the United States deposit over a trillion USD and rising, for overnight interest gain. The Federal Treasury provides minimal interest for this deposit, and the next morning the money is returned to the recipients only to be redeposited the next day over and over again. On Firday a record total deposit was made to the tune of 1.2 trillion dollars. Why are these institutions depositing their money here, instead of land? Gold? Stock market? or anything esle?
I can't say for sure why, but my guess is that they believe their is a impending crash due to inflationary issues, and storing the money in these overnight treasury bills is the safest option to atleast earn a small profit from interest until the floodgates crash open.
China's second largest prosperity developer (Evergrande) is on the brink of bankruptcy. Unclear whether or not they will restructure their massive amount of debt or conduct a forced liquidation of assets.
If they complete the latter, this will cause a huge ripple in the Chinese economy and affect their US creditors as well. I don't' want to sound over alarmist, but the signs of major problems on the near term future are showing.
Evergrande stock value has been getting hammered every day, and a default would be similar to the Lehman brothers fall of 2008. I expect property values in China to fall hard.
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