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The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun

 
Anonymous Coward
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06/23/2022 12:11 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
I called it a year ago no one believed me. I said the fed was going to kill the dollar and make a digital dollar
 Quoting: bluemarble


There are some of us who've been saying this was going to happen over 10 years ago. Finally, it's here.
Anonymous Coward
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06/23/2022 12:13 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Wonder how silver and gold will do? If they would offer a safe place to park $ even though they are nothing more than colored rocks, as Ramsey calls them,that people value.
Anonymous Coward
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06/23/2022 12:13 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
bump
bluemarble

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06/23/2022 12:13 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
no its not


you are a idiot


a shill pushing and random fear you can


you are sick and low IQ


how many times can you shills post this retarded shit?


no shame here for the mods


sick


pathetic


enjoy being wrong again.


LOW IQ


banana2
 Quoting: Anonymous Coward 83698697


Sure its not. youre like the rest of the cattle, go take your fucking booster.

Why did biden kill the gas industry, print 80 PERCENT OF DOLLARS IN EXISTENCE. We're going to crash you goddamn moron
Anonymous Coward
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06/23/2022 12:13 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
finally.

the real cracks are showing. It isn't just talk anymore.

the word is that europe goes first. Italy looks like to be the canary in the coal mine. After Italy, it will be time to take all of this shit very seriously.

sure, we've all known this was coming. But actually arriving? yah. we're now teetering on collapse. A ramping down is coming. Likely an event before winter.
Anonymous Coward
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06/23/2022 12:15 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Wonder how silver and gold will do? If they would offer a safe place to park $ even though they are nothing more than colored rocks, as Ramsey calls them,that people value.
 Quoting: Anonymous Coward 83167714


my guess is that the value of gold will stay relative to the value of other goods while cash inflates like crazy.

in other words, what you now can buy with an ounce of gold or silver will be the same next year but it will take 3x the cash to do the same. ...maybe 10x
Agent 99

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06/23/2022 12:16 AM

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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Guess is that Revlon has died because of the mask mandate. Loss of lipstick sales.
 Quoting: Joburg


Smart businesses know when the market will no longer feed the company.

Remember the Industrial Revolution Era? Inventions, electricity, PT Barnum, the automobile. It grew after the Depression. Low lows, and innovation and new ideas.

When one door closes, another opens.
Anonymous Coward
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06/23/2022 12:16 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun

I called it a year ago no one believed me. I said the fed was going to kill the dollar and make a digital dollar
 Quoting: bluemarble


I wonder what the exchange rate from paper dollars to digital would be. If any...
Anonymous Coward
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06/23/2022 12:18 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
It's simple. Debt is defaulted on. All of it.

We also have to get rid of SS payments, the VA payments, and so on. Covid did not succeed, so time for another killer pandemic that actually works.

Pity the naive and trusting retiree who will lose that big stash in the pension, the hedge fund, the money market. Bonds destroyed, stocks devastated.

Pity anybody without a good garden plot and a big stash of precious metals. God help us and have mercy.
 Quoting: Prayandprepare000


Who would exchange metals for digital?
Anonymous Coward
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06/23/2022 12:19 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Things are going to get really bad really fast
 Quoting: not now


People can't afford 6.5% interest rates?

Wahhhhhhhh


Low interest rates raised the prices of homes.
 Quoting: Florida Man


My first home was an arm with a 16.5% cap. I figured shit out real fast and now own several rentals.

Interest should be higher. It's free money that causes the bloat in the stock market.

Time to man up you pussies.
DuckNCover

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06/23/2022 12:23 AM

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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
What doesn't make sense is when a stock like Caterpillar declines when the dollar weakens. Caterpillar and other internationally traded stocks should do well when exports are cheaper to buy, due to inflation. The problem is that people's funds are decreasing and they can't afford to buy discretionary goods. Banks will not give out loans to farms and businesses for Capital Equipment purchases, unless they meet stringent loan requirements. Caterpillar and other Companies will see sales decline...

smoking1
Anonymous Coward
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06/23/2022 12:23 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Some are going to get hit real fast with this, flippers/AirBNB and Contractors that have huge accounts with venders/suppliers, brutal.
Agent 99

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06/23/2022 12:24 AM

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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Wonder how silver and gold will do? If they would offer a safe place to park $ even though they are nothing more than colored rocks, as Ramsey calls them,that people value.
 Quoting: Anonymous Coward 83167714


my guess is that the value of gold will stay relative to the value of other goods while cash inflates like crazy.

in other words, what you now can buy with an ounce of gold or silver will be the same next year but it will take 3x the cash to do the same. ...maybe 10x
 Quoting: Anonymous Coward 82810580


Right.

I was under the impression that the price was based on GNP and how much debt a country has, to balance the printed cash. But noooo...
Anonymous Coward
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06/23/2022 12:25 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
It's simple. Debt is defaulted on. All of it.

We also have to get rid of SS payments, the VA payments, and so on. Covid did not succeed, so time for another killer pandemic that actually works.

Pity the naive and trusting retiree who will lose that big stash in the pension, the hedge fund, the money market. Bonds destroyed, stocks devastated.

Pity anybody without a good garden plot and a big stash of precious metals. God help us and have mercy.
 Quoting: Prayandprepare000


Who would exchange metals for digital?
 Quoting: Anonymous Coward 83167714


I'm asking because I thought of investing in silver bullion so I could pay my property taxes if the dollar collapses but could I pay with silver? I remember my grandfather telling me how many lost their homes during the great depression because they couldn't afford to pay their property taxes. Hmmm
Anonymous Coward
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06/23/2022 12:25 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
It's simple. Debt is defaulted on. All of it.

We also have to get rid of SS payments, the VA payments, and so on. Covid did not succeed, so time for another killer pandemic that actually works.

Pity the naive and trusting retiree who will lose that big stash in the pension, the hedge fund, the money market. Bonds destroyed, stocks devastated.

Pity anybody without a good garden plot and a big stash of precious metals. God help us and have mercy.
 Quoting: Prayandprepare000


hesright
 Quoting: Anonymous Coward 56183872


In a default or deflationary depression cash is king PMs are not worth anything. Garden wont feed you considering the average human without working needs base weight * 12 = kcals per day...
 Quoting: Anonymous Coward 83725335


Total bollocks. With exacerbated monetary inflation, the value of each monetary unit becomes less. This will be exacerbated as they shift to a new monetary system. PMs will be absolutely everything.

You can have extreme inflationary pressures in some areas (food, energy, various essentials) and deflation in others, but there's no denying the M2 money supply has gone parabolic and per unit monetary value is declining..has been for a long time, just getting worse.

Gardens will help.
Agent 99

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06/23/2022 12:26 AM

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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun

I called it a year ago no one believed me. I said the fed was going to kill the dollar and make a digital dollar
 Quoting: bluemarble


I wonder what the exchange rate from paper dollars to digital would be. If any...
 Quoting: Anonymous Coward 79685474


I also noticed that the US Dollar, Euro, and Swiss franc are all about equal... so I think the Bloomburg thing was about how there won't be much fluctuation because people would freek if they lost dollar value.
Anonymous Coward
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06/23/2022 12:27 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
no its not


you are a idiot


a shill pushing and random fear you can


you are sick and low IQ


how many times can you shills post this retarded shit?


no shame here for the mods


sick


pathetic


enjoy being wrong again.


LOW IQ


banana2
 Quoting: Anonymous Coward 83698697




Ah. Ah. You said Q !!!

Trigger the Q-schmucks!!!;
Anonymous Coward
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06/23/2022 12:29 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Hyperinflation is coming, I'd buy gold bars/coins/scrap;)
Agent 99

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06/23/2022 12:30 AM

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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
It's simple. Debt is defaulted on. All of it.

We also have to get rid of SS payments, the VA payments, and so on. Covid did not succeed, so time for another killer pandemic that actually works.

Pity the naive and trusting retiree who will lose that big stash in the pension, the hedge fund, the money market. Bonds destroyed, stocks devastated.

Pity anybody without a good garden plot and a big stash of precious metals. God help us and have mercy.
 Quoting: Prayandprepare000


hesright
 Quoting: Anonymous Coward 56183872


In a default or deflationary depression cash is king PMs are not worth anything. Garden wont feed you considering the average human without working needs base weight * 12 = kcals per day...
 Quoting: Anonymous Coward 83725335


Total bollocks. With exacerbated monetary inflation, the value of each monetary unit becomes less. This will be exacerbated as they shift to a new monetary system. PMs will be absolutely everything.

You can have extreme inflationary pressures in some areas (food, energy, various essentials) and deflation in others, but there's no denying the M2 money supply has gone parabolic and per unit monetary value is declining..has been for a long time, just getting worse.

Gardens will help.
 Quoting: Anonymous Coward 81160361


I don't think the goal is to make everyone broke and take all their money. We aren't in a Totalitarian Dictatorship.

However, it's about debt. So valuation will be based on those who have extended beyond their means. Poor planning doesn't constitute an emergency for those folks.
Anonymous Coward
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06/23/2022 12:36 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
When?

Two weeks?
 Quoting: Anonymous Coward 79438848


Like being smug when told your kid has cancer.

It means your life peaked in the 4 years Trump was president and now its all down hill. Your life will not get any better than it is now and mostly likely will get worse for you and every other American for the rest of their lives.

That what it means.
Anonymous Coward
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06/23/2022 12:38 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
America is gloom and doom, the economy is tanking, housing bubble has burst, high interest rates... All I have to say is that you see millionaires and billionaires from all over the world buying properties in this rat turd USA. Why is that... Because the rest of the world is a shithole compared to the USA.
Anonymous Coward
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06/23/2022 12:39 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Hyperinflation is coming, I'd buy gold bars/coins/scrap;)
 Quoting: Anonymous Coward 68110626


Hmmm thinking about it but know nothing about it. Same with crypto. I have lots of cash in the bank well digits. Thought about spending 40k on silver and or gold which would be about 15% of my savings account. What to do. Think I need a stiff drink. goodnews
Anonymous Coward
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06/23/2022 12:44 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
...


hesright
 Quoting: Anonymous Coward 56183872


In a default or deflationary depression cash is king PMs are not worth anything. Garden wont feed you considering the average human without working needs base weight * 12 = kcals per day...
 Quoting: Anonymous Coward 83725335


Total bollocks. With exacerbated monetary inflation, the value of each monetary unit becomes less. This will be exacerbated as they shift to a new monetary system. PMs will be absolutely everything.

You can have extreme inflationary pressures in some areas (food, energy, various essentials) and deflation in others, but there's no denying the M2 money supply has gone parabolic and per unit monetary value is declining..has been for a long time, just getting worse.

Gardens will help.
 Quoting: Anonymous Coward 81160361


I don't think the goal is to make everyone broke and take all their money. We aren't in a Totalitarian Dictatorship.

However, it's about debt. So valuation will be based on those who have extended beyond their means. Poor planning doesn't constitute an emergency for those folks.
 Quoting: Agent 99


the terms of the reset are a tightly guarded secret. My guess it will occur BEFORE hyperinflation hits. 50% haircut across the board at the banks. Personal debts erased. Mortgage debt gets reset into a federal program that more looks like rent. Capital controls on EVERYTHING. Labor rates, food, textiles, everything gets standardized. People are allocated credits for working but it goes through the FED in a fully digital system, enough to survive if you work. If you don't...dunno what happens...likely you get put on a train and promised a 'safe place' ...in a trench.

Going to the store, you can only buy what they allow you to buy. Your account is totally controlled. You go to buy a generator and the guy at the counter says "it won't ring up"... you can't have it.

no worries tho, you'll still have your phone.

orwell understood this all too well.
Anonymous Coward
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06/23/2022 01:03 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
...


In a default or deflationary depression cash is king PMs are not worth anything. Garden wont feed you considering the average human without working needs base weight * 12 = kcals per day...
 Quoting: Anonymous Coward 83725335


Total bollocks. With exacerbated monetary inflation, the value of each monetary unit becomes less. This will be exacerbated as they shift to a new monetary system. PMs will be absolutely everything.

You can have extreme inflationary pressures in some areas (food, energy, various essentials) and deflation in others, but there's no denying the M2 money supply has gone parabolic and per unit monetary value is declining..has been for a long time, just getting worse.

Gardens will help.
 Quoting: Anonymous Coward 81160361


I don't think the goal is to make everyone broke and take all their money. We aren't in a Totalitarian Dictatorship.

However, it's about debt. So valuation will be based on those who have extended beyond their means. Poor planning doesn't constitute an emergency for those folks.
 Quoting: Agent 99


the terms of the reset are a tightly guarded secret. My guess it will occur BEFORE hyperinflation hits. 50% haircut across the board at the banks. Personal debts erased. Mortgage debt gets reset into a federal program that more looks like rent. Capital controls on EVERYTHING. Labor rates, food, textiles, everything gets standardized. People are allocated credits for working but it goes through the FED in a fully digital system, enough to survive if you work. If you don't...dunno what happens...likely you get put on a train and promised a 'safe place' ...in a trench.

Going to the store, you can only buy what they allow you to buy. Your account is totally controlled. You go to buy a generator and the guy at the counter says "it won't ring up"... you can't have it.

no worries tho, you'll still have your phone.

orwell understood this all too well.
 Quoting: Anonymous Coward 82810580


But that also imvolves consent and compliance; I don't think people will accept.

For instance, in your example, can't buy a generator? Then a system will arise where instead you buy a 12 volume set of Wokepedia..in name...but under the counter they slip you a generator. People will always find a way to circumvent and overcome tyranny eventually.
DuckNCover

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06/23/2022 01:16 AM

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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
...


Total bollocks. With exacerbated monetary inflation, the value of each monetary unit becomes less. This will be exacerbated as they shift to a new monetary system. PMs will be absolutely everything.

You can have extreme inflationary pressures in some areas (food, energy, various essentials) and deflation in others, but there's no denying the M2 money supply has gone parabolic and per unit monetary value is declining..has been for a long time, just getting worse.

Gardens will help.
 Quoting: Anonymous Coward 81160361


I don't think the goal is to make everyone broke and take all their money. We aren't in a Totalitarian Dictatorship.

However, it's about debt. So valuation will be based on those who have extended beyond their means. Poor planning doesn't constitute an emergency for those folks.
 Quoting: Agent 99


the terms of the reset are a tightly guarded secret. My guess it will occur BEFORE hyperinflation hits. 50% haircut across the board at the banks. Personal debts erased. Mortgage debt gets reset into a federal program that more looks like rent. Capital controls on EVERYTHING. Labor rates, food, textiles, everything gets standardized. People are allocated credits for working but it goes through the FED in a fully digital system, enough to survive if you work. If you don't...dunno what happens...likely you get put on a train and promised a 'safe place' ...in a trench.

Going to the store, you can only buy what they allow you to buy. Your account is totally controlled. You go to buy a generator and the guy at the counter says "it won't ring up"... you can't have it.

no worries tho, you'll still have your phone.

orwell understood this all too well.
 Quoting: Anonymous Coward 82810580


But that also imvolves consent and compliance; I don't think people will accept.

For instance, in your example, can't buy a generator? Then a system will arise where instead you buy a 12 volume set of Wokepedia..in name...but under the counter they slip you a generator. People will always find a way to circumvent and overcome tyranny eventually.
 Quoting: Anonymous Coward 81160361


If every transaction goes block chain, then the sale won't happen at a store or online. It would have to be done through a barter system...

Strict control of inventories by the Company and Government. Fines could be imposed by State/Federal Agencies for inventories not in compliance...
DuckNCover

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06/23/2022 01:16 AM

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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Doublepost

Last Edited by DuckNCover on 06/23/2022 01:25 AM
DuckNCover

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06/23/2022 01:16 AM

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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Doublepost

Last Edited by DuckNCover on 06/23/2022 01:18 AM
Anonymous Coward
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06/23/2022 01:16 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
...


hesright
 Quoting: Anonymous Coward 56183872


In a default or deflationary depression cash is king PMs are not worth anything. Garden wont feed you considering the average human without working needs base weight * 12 = kcals per day...
 Quoting: Anonymous Coward 83725335


Total bollocks. With exacerbated monetary inflation, the value of each monetary unit becomes less. This will be exacerbated as they shift to a new monetary system. PMs will be absolutely everything.

You can have extreme inflationary pressures in some areas (food, energy, various essentials) and deflation in others, but there's no denying the M2 money supply has gone parabolic and per unit monetary value is declining..has been for a long time, just getting worse.

Gardens will help.
 Quoting: Anonymous Coward 81160361


I don't think the goal is to make everyone broke and take all their money. We aren't in a Totalitarian Dictatorship.

However, it's about debt. So valuation will be based on those who have extended beyond their means. Poor planning doesn't constitute an emergency for those folks.
 Quoting: Agent 99


Um, what sort of screen have you been watching? We most certainly are.
DuckNCover

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06/23/2022 01:22 AM

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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
...


In a default or deflationary depression cash is king PMs are not worth anything. Garden wont feed you considering the average human without working needs base weight * 12 = kcals per day...
 Quoting: Anonymous Coward 83725335


Total bollocks. With exacerbated monetary inflation, the value of each monetary unit becomes less. This will be exacerbated as they shift to a new monetary system. PMs will be absolutely everything.

You can have extreme inflationary pressures in some areas (food, energy, various essentials) and deflation in others, but there's no denying the M2 money supply has gone parabolic and per unit monetary value is declining..has been for a long time, just getting worse.

Gardens will help.
 Quoting: Anonymous Coward 81160361


I don't think the goal is to make everyone broke and take all their money. We aren't in a Totalitarian Dictatorship.

However, it's about debt. So valuation will be based on those who have extended beyond their means. Poor planning doesn't constitute an emergency for those folks.
 Quoting: Agent 99


Um, what sort of screen have you been watching? We most certainly are.
 Quoting: Anonymous Coward 56183872


We are in an Oligarchy...

We are heading towards Fascism which would look more like Socialistic Fascism...

If the Government dissolves the Constitution and the three branches of Government, then it will be a Totalitarian Dictatorship...

smoking1
DuckNCover

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06/23/2022 01:22 AM

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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Doublepost

Last Edited by DuckNCover on 06/23/2022 01:24 AM





GLP