Incoming Recession 2022/2023

[jaygreenb]

What these guys don’t realise is they think they are really smart by getting into Crypto. Because Elon Musk on Twitter told them to do it. It’s a very strange indeed and it’s a symptom of a droid mind.

When you ask them about crypto, and when you try to do some very basic due dilligance on their decision making and critical thinking, not only do they have no answers but they actually get angry and go on the personal attack.

For an unbiased observer looking to get into crypto they must be really put off by the crypto bros. It’s cult like. I mean, crypto ain’t attracting the best and brightest is it? Look at the quality of the grey matter of the guys in this thread. It’s shrivelled and putrid.

I first got involved over 5yrs ago, well before Elon. You are a liar and a fraud, it is very clear. Pretty easy to pick you apart. Success leaves clues and you don't have any but your fictitious stories. I gave you ample incentive to prove it as well as protection against being exposed. Must be a sad life having to make up a fake alpha persona to live out online. Life of a fraud I guess, honk honk

 

[BillyPilgrim]

What these guys don’t realise is they think they are really smart by getting into Crypto. Because Elon Musk on Twitter told them to do it. It’s a very strange indeed and it’s a symptom of a droid mind.

When you ask them about crypto, and when you try to do some very basic due dilligance on their decision making and critical thinking, not only do they have no answers but they actually get angry and go on the personal attack.

For an unbiased observer looking to get into crypto they must be really put off by the crypto bros. It’s cult like. I mean, crypto ain’t attracting the best and brightest is it? Look at the quality of the grey matter of the guys in this thread. It’s shrivelled and putrid.

There's no intrinsic value or mandated usage with crypto and the electricity usage is another issue (crypto mining worldwide uses more power than the country of Argentina does currently). You can perhaps argue that the corruption of the fiat masters (bankers and governments) creates a quasi-mandate, but the crypto realm is obviously has its share of speculators, autists, and scammers.

 

[jaygreenb]

You’re too angry to be successful and you don’t write anything that’s remotely interesting or insightful about the economy and how this world works.

You have all the marks of a man filled with fear, who is lashing out. You know something is up, otherwise you wouldn’t be angry. Your ancestors, who were successful, are whispering to you through your genes. Your primal senses have twigged to the danger, but your brainwashed forebrain is in conflict with it. You need to remove your ego, and that will only happen when you take a big fall.

Lets compare, I put the offer up. I am comfortable with who I am, no need to lie. Ready?

I do know something is up and what they are trying to accomplish. Just don't think it applies to everyone but the .0001%. Also think there is a lot of opportunity if you are prepared. Just like all through history, if you have resources you will have options. So better to put yourself in a position to succeed than to just give up

 

[jaygreenb]

If one is not currently positioned to succeed... You previously stated it takes up to decades of stacking right decisions to see them manifest. Is this not like saying better learn how to swim, now that the titanic is sinking?

It does take time for those decisions to compound. What I would suggest for someone starting now is learn a relevant skill that will be needed the next few decades that pays well. Increasing cash flow just be number one priority, once you obtain that then move to other life skills like investing. Or you could go the route of starting a business. A low cost way is to build a following on social media then sell a product to them. Expect anything worthwhile to take 3-5yrs to build up

 

[BillyPilgrim]

As I understand it, modern fiat was always corrupt by design and they knew that it would eventually collapse. When the foundations of the Federal Reserve were laid in 1910 on Jekyll Island, they predicted their fiat system would last about “100 years” before it would collapse.

If you recall, the system imploded in 2008. And we’ve had next to zero interest rates and endless money printing since then. Over 10 years, everyone has been disinherited through massive money printing, aside the money printers. They have just started to raise interest rates now. Same old trick. The goal is a total collapse, justifying a switch to GovCoin. They have the infrastructure already in place.

From here, anyone in debt when the economic meltdown hits is over the barrel. They will exchange debt forgiveness and your assets for GovCoin.

For the rest of us, it will a case of forcing us to use GovCoin by sheer numbers of compliant GovCoin bots, who will vastly outnumber the debt-free freedom lovers like me (and presumably you). They will then implement general communism and no one will own anything.

“You will own nothing. And you will be happy” - WEC

That’s why I love America. Freedom is written in their constitution and, as far as I know, no other country enshrines these ideals. America enforcing its constitution through educated citizens is the only hope we have. It ain’t looking likely though so it’s time to practise some Buddhist-style Acceptance.

We also have Disclosure and Ascension on the agenda. Interesting times ahead for sure. Imo we are dealing with competing forces largely beyond our control but we can each do our small part to help precipitate favorable outcomes.

 

[Bible_Belt]

when all the lights go off and the banks freeze our accounts….

That reminds me of today's news

Crypto firms Celsius, Binance halt withdrawals as bitcoin plummets

Cryptocurrency companies on Monday blocked users from withdrawing funds as the value of bitcoin and other prominent digital assets plunged. Crypto lending company Celsius Network announced la…

thehill.com

 

[jaygreenb]

That reminds me of today's news

Crypto firms Celsius, Binance halt withdrawals as bitcoin plummets

Cryptocurrency companies on Monday blocked users from withdrawing funds as the value of bitcoin and other prominent digital assets plunged. Crypto lending company Celsius Network announced la…

thehill.com

Shows the importance of self custody. Will be important in multiple asset classes.

 

[SW15]

Stocks are tanking and gas prices are out of control.

 

[jaygreenb]

Stocks are tanking and gas prices are out of control.

No where to hide. Physical cash and loading up on personal consumables probably the safest bets right now.

 

[jaygreenb]

I think it said it earlier. You can simultaneously recognise a situation is hopeless, but still refuse to give in.

Another reason I know you are full of it. Nobody successful thinks a situation is hopeless, it isn't in your DNA if you have achieved because you are resourceful enough you have plowed and willed your way through many "hopeless" situations. Especially if you are an entrepreneur, which you are 100% not. Where there is a will, there is a way.

 

[BillyPilgrim]

If that's the case, then why not just become a heroin user and live in bliss 24/7 until you decide to purposely od?

You think women are bad? Have fun Waiting For The Man. Lol.

 

[Zimbabwe]

The Aussie dollar just dropped below 69 American cents, few years back the Aussie dollar was worth more and now look at us. There is zero benefit to staying in Australia.

Let the sjws and third world migrants have this country, I'm done with it

 

[MatureDJ]

I don't think the Return of Inflation will last very long. What we are seeing now is the effect of both all the COVID cash that was pushed into people's pockets, and a jobs situation in which anyone can get a somewhat decent-paying jobs - i.e., folks that had been struggling since the Great Recession both having little savings and precarious job security have finally reached a state of financial stability so that they can spend - and of course all the supply disruptions making the amount of goods for sales scarce compared to the amount of cash chasing those good (which is what economics textbooks say cause inflation).

Regarding the job situation, we are at unique point in the demographic stage where the peak of the Baby Boom is at retirement age, and their leaving the job force is overwhelming the number of Zoomers aging into the employment market - and soon, we'll be heading into the demographic stage in which it will be the Baby Bust Gen-Xers retiring, and so there will no longer be an imbalance. Also, all that cash that had been built up will eventually run out, so employees won't be as picky. Oh, and corporations will be onboarding worker efficiency initiatives the whole time. Finally, the Mother of All Employment Busts will be soon upon us once the driverless car becomes a reality. recession will tamper the current employment fever

Regarding inflation, the high wages due to the tight labor market is one major factor, but the only other major factors are housing & energy.

Housing inflation has been off-the-charts due to rock-bottom interest rates, and as those rates go up, down will go the housing prices. The rise in rent, while somewhat connected to the housing market, is a bit of an enigma, but it's due to investors not wanting to build apartments (or detached housing meant for renting) as well as anti-growth policies in high-cost cities; I think that the demand curve for rentals has higher elasticity that it would seem, as folks can cram more tightly into apartments, or even go back and live with parents, if unemployment ratchets up.

Energy inflation is due to a few things, starting with Americans getting used to lower fuel prices a few years back and buying clown-car SUVs as a result, but also because of supply restriction. Yes, the Russo-Ukrainian War is causing restriction, but I think an even bigger part of the story is the unwinding of the shale-oil boom and the fact that oil-production/refinery investors have finally come to consider oil & ICE (Internal Combustion Engine) automobiles to be a sunset industry, and thus unworthy of a lot of capital development - and they are more than happy to just sit back and reap the benefits of low supply & high prices. But lower-cost renewable energy is destined to hit the market in the not too distant future.

Taken as a whole, I think we will see the return of a stagnating employment market (and office workers WILL need to go back to the office), but with more abundance. Guaranteed Income will come about at some point; I think it will happen soon after the driverless car takes away the ability for folks to hustle in the Uber & delivery market.

As for the sexual market, with the liberalization of cannabis, folks might look at the equally victimless crime of prostitution so that we see some liberalization there; women wanting to earn the easiest way they can will start getting their voices heard about decriminalizing that, at least allowing chicks to serve clients in their home. As for the dating market, I don't think the overall economic situation will become so bad that women start preferring Betas to Chads , so it's still going to be OVER for those men in which it is OVER already.

 

[BillyPilgrim]

Housing inflation has been off-the-charts due to rock-bottom interest rates, and as those rates go up, down will go the housing prices. The rise in rent, while somewhat connected to the housing market, is a bit of an enigma, but it's due to investors not wanting to build apartments (or detached housing meant for renting) as well as anti-growth policies in high-cost cities; I think that the demand curve for rentals has higher elasticity that it would seem, as folks can cram more tightly into apartments, or even go back and live with parents, if unemployment ratchets up.

Blackstone has been F**king up the housing market. And they have their fingers in near everything.

The Donald

The Donald is a never-ending rally of patriots dedicated to the 45th President of the United States, Donald J. Trump.

patriots.win

 

[jaygreenb]

Blackstone has been F**king up the housing market. And they have their fingers in near everything.

View attachment 8475

The Donald

The Donald is a never-ending rally of patriots dedicated to the 45th President of the United States, Donald J. Trump.

patriots.win

They have basically become another arm of the govt. They are the ones forcing the issue with corporate woke policies and ESG. They also are who was doing all the buys supporting the market from the FED

 

[Murk]

There is another dynamic at play with this. Blackrock who owns a large share of just about every company is behind a lot of the corporate push, especially ESG. They are essentially another arm of the govt in many ways at this point. So it isn't only market forces pushing a lot of their decision making

Black Rock and Vanguard own everything, every sector/global company if you trace it back through owners and shareholders will have Black Rock and Vanguard as majority shareholders.

You're not able to see the shareholders or owners of Black Rock or Vanguard and I've tried.

Sorry, I made this thread 2 weeks ago and didn't check back and see 16 pages.

This recession is coming and it will force people into a cashless society and government subservience via handouts (UBI - universal basic income). I'm gonna keep sying UBI because when it hits you will remamber the worlds a stage.

 

[Murk]

The game is rigged but that don't mean you have to play by the rules

I routinely shoplift items from the big supermarkets in my area .....they increased prices by 30% over night after recording record profits during the lockdowns

Sorry don't wash with me my income ain't increasing 30% somethings gotta give and that something is my willingness to act as a good little citizen

Also involved in varying degrees of tax avoidance

There are some very tough times coming and if anyone is in debt they are going to get destroyed as cheap credit ends and becomes extremely expensive

My advice do as our esteemed leaders do

Lie , cheat and steal from the system dog eat dog world

I also used to steal from big supermarkets, small expensive goods like Truffle oil and paste. The good old days.

 

[Murk]

Blackstone has been F**king up the housing market. And they have their fingers in near everything.

View attachment 8475

The Donald

The Donald is a never-ending rally of patriots dedicated to the 45th President of the United States, Donald J. Trump.

patriots.win

This is what I'm talking about, even here in the UK, banks have started purchasing housing. When big players are scooping up homes the writing is on the wall.

This isn't just about recession, it's a global money shift in favour of the faceless, nameless, corporations that own the world.

 

[DarwinTaurus]

You're not able to see the shareholders or owners of Black Rock or Vanguard and I've tried.

I've long been fascinated with the behemoths of the Global economy, and who owns who. I agree with your sentiments, the interlocking Directorships, and Companies who have ownership stakes in other Companies is mind boggling. I've seen a few wheel graphs of certain industries like Media and Food, but not on the levels above that.

Who owns the world? Tracing half the corporate giants’ shares to 30 owners

Which Corporations Control the World?

 

[Murk]

I've long been fascinated with the behemoths of the Global economy, and who owns who. I agree with your sentiments, the interlocking Directorships, and Companies who have ownership stakes in other Companies is mind boggling. I've seen a few wheel graphs of certain industries like Media and Food, but not on the levels above that.

Who owns the world? Tracing half the corporate giants’ shares to 30 owners

Which Corporations Control the World?

Spot on, crucial reading for most of the world IMO.