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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 05:12 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
Shaun, won't the CBDC be inflationary if they bring that in? They really will be printing money with that thing.

God knows how all of it will fit together, that's why they complicate finance I think, so the plebs can never work out what is going on.
 Quoting: Anonymous Coward 27733035


No, it won’t be inflationary because it won’t be new money. When the time comes, they will force everyone to use it as a means of commerce. Paper currency will be gone and what you have in the bank will be converted into CBCCs.

I’ve read the white papers and they are intentionally vague about how the conversion will work. The speculation is that all your digital dollars (speaking specifically about the US now), meaning for example money they you have in the bank, would be converted into CBCCs in a one-time transaction.

For paper money, you would have a time period where you can bring it in and exchange it for CBCCs. If you wait, it will have less and less value until the point where they won’t do the exchange anymore and your paper money is a useless relic. Of course, if you have large amounts of paper currency then they’ll ask for supporting evidence of where you derived it.

But CBCCs will be promoted as the savior to escape the Second Great Depression. Want to know how? Glad that you asked.

Don’t fall into the trap of thinking that a CBCC is just another currency. Remember this is a complete financial reset. The rules of the game will be different.

For one, they’ll be tied to your digital ID and thus there will be rewards (and penalties) based on your behavior. So for example if you don’t get vaccinated, they could deduct from your account.

But most importantly, and this is emphasized in the white papers, CBCCs can be used to force you to spend them or to use them in certain ways.

For example, they can limit your allotment of currency that can be used on meat-based products. Once you’ve consumed your limit of meat for the month, your CBCCs wouldn’t work to buy any more.

But here’s the “save the world” part; deflation is the result of people not spending money. Because the price of everything is constantly dropping, people wait until the next day and the next day to buy things because they know that every day it gets cheaper. This is the deflation trap.

But CBCCs can be time boxed. In other words, here is your paycheck, you made 10,000 digital dollars this month. Of that money, 8,000 must be spent within 30 days or you lose it. Boom, deflation problem solved…. at the cost of your liberty (and maybe even your soul)…
 Quoting: Shaun Kaven


Damn this is some dumb shit
Anonymous Coward
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06/23/2022 05:14 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
Nobody wants to buy US debt anymore because it sanctions those who refuse to obey them. Personally I hope the US Empire dies because America has become a cesspool and the people living there are retarded.
Shaun Kaven

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Colombia
06/23/2022 05:41 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
Damn this is some dumb shit
 Quoting: Anonymous Coward 83739832


No kidding. I didn’t write the white paper, I just read it. You can read it too, if you know how to read.

[link to www.federalreserve.gov (secure)]

And no one cares if you or I think it’s stupid. They’re going to do it unless we stop them. So get off your ass and do something AC.

Last Edited by Shaun Kaven on 06/23/2022 05:43 AM
“A government big enough to give you everything you want is strong enough to take everything that you have”, Thomas Jefferson
Anonymous Coward
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06/23/2022 05:46 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
Good
Anonymous Coward
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06/23/2022 05:50 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
All these companies need to fail if they suck...
Others will emerge.
The system is corrupt
Corp layoffs come soon
Anonymous Coward
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06/23/2022 05:50 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
Damn this is some dumb shit
 Quoting: Anonymous Coward 83739832


No kidding. I didn’t write the white paper, I just read it. You can read it too, if you know how to read.

[link to www.federalreserve.gov (secure)]

And no one cares if you or I think it’s stupid. They’re going to do it unless we stop them. So get off your ass and do something AC.
 Quoting: Shaun Kaven


Nah I'd rather sit and laugh at your dumb delusions
Shaun Kaven

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Colombia
06/23/2022 06:05 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
Damn this is some dumb shit
 Quoting: Anonymous Coward 83739832


No kidding. I didn’t write the white paper, I just read it. You can read it too, if you know how to read.

[link to www.federalreserve.gov (secure)]

And no one cares if you or I think it’s stupid. They’re going to do it unless we stop them. So get off your ass and do something AC.
 Quoting: Shaun Kaven


Nah I'd rather sit and laugh at your dumb delusions
 Quoting: Anonymous Coward 83739832


One of us just posted a white paper from the Federal Reserve that explains what they want to implement. The other one is pretending that it doesn’t exist.

Which one is delusional?

whatever
“A government big enough to give you everything you want is strong enough to take everything that you have”, Thomas Jefferson
Anonymous Coward
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06/23/2022 06:15 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
Shaun Kaven.
How will inherited wealth work?
Specifically, leaving something for my kids?
Anonymous Coward
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06/23/2022 06:30 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
Damn this is some dumb shit
 Quoting: Anonymous Coward 83739832


No kidding. I didn’t write the white paper, I just read it. You can read it too, if you know how to read.

[link to www.federalreserve.gov (secure)]

And no one cares if you or I think it’s stupid. They’re going to do it unless we stop them. So get off your ass and do something AC.
 Quoting: Shaun Kaven


Nah I'd rather sit and laugh at your dumb delusions
 Quoting: Anonymous Coward 83739832


One of us just posted a white paper from the Federal Reserve that explains what they want to implement. The other one is pretending that it doesn’t exist.

Which one is delusional?

whatever
 Quoting: Shaun Kaven


Next you'll post bible passages and I'll laugh even harder
Anonymous Coward
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06/23/2022 06:44 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
Damn this is some dumb shit
 Quoting: Anonymous Coward 83739832


No kidding. I didn’t write the white paper, I just read it. You can read it too, if you know how to read.

[link to www.federalreserve.gov (secure)]

And no one cares if you or I think it’s stupid. They’re going to do it unless we stop them. So get off your ass and do something AC.
 Quoting: Shaun Kaven


Nah I'd rather sit and laugh at your dumb delusions
 Quoting: Anonymous Coward 83739832


Eat your soy, rabble slave!
Anonymous Coward
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06/23/2022 07:00 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
Damn this is some dumb shit
 Quoting: Anonymous Coward 83739832


No kidding. I didn’t write the white paper, I just read it. You can read it too, if you know how to read.

[link to www.federalreserve.gov (secure)]

And no one cares if you or I think it’s stupid. They’re going to do it unless we stop them. So get off your ass and do something AC.
 Quoting: Shaun Kaven


Nah I'd rather sit and laugh at your dumb delusions
 Quoting: Anonymous Coward 83739832


Eat your soy, rabble slave!
 Quoting: Anonymous Coward 80270784


Eat your foreskins rabbie
Anonymous Coward
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06/23/2022 07:24 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
The 13th amendment kept slavery as a punishment for a crime. They can just imprison us for a crime and make us into slaves.
Anonymous Coward
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06/23/2022 07:35 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
Bottom line is this:

Those who are saying we wont have high inflation (or even hyperflation), but instead will have deflation...dont get it.

Deflation will not be allowed by banks if it rears its head; the counter being immediate injection (if not over-injection) of money into the system. The massive coordinated QE over the past decades at points of fiscal crises has been shown to have increasingly less 'grunt' each time (i.e. must print/inject exponentially more each successive time to get the same - or even less - results).

Thus, even if deflation comes, the immediate response will be massive QE, and, ultimately, massive inflation (and weaker purchasing power).
 Quoting: Anonymous Coward 80429789


If only it were that easy then there would never have been a Great Depression. You reach a point of diminishing returns. They lowered interest rates again and again until 0%. Then they started buying assets and QE. But eventually the system doesn’t work if people and businesses aren’t borrowing.

People don’t understand that inflation is a feature not a bug. Ever since Bretton Woods was conceived, the idea was constant inflation which translates into GDP growth and economic expansion.

But the gig is up. They can’t inflate anymore. Look at the M1 and M2, we are contracting not inflating. All price increases are a result of the attack on petroleum and food. If it wasn’t for that, the deflation would be much more obvious.

But it’s inevitable. The credit bubble has burst. It’s game over. The Great Reset cometh.

You don’t have to believe me - within 6 months it will become self evident as the price of everything craters.
 Quoting: Shaun Kaven


Wonder what this will mean in terms of percentage price drops for the Residential Real Estate market and the Stock Market over the next 1-2 years? Where will interest rates end up? Will Unemployment go through the roof? Business bankruptcies off the charts?

Hmmm... Everything looks quite dire.

This is going to be an Economic Tsunami or a huge Financial Shitstorm. Feels like a total collapse of Modern Civilization is coming. Yikes!
hillbilly
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06/23/2022 07:43 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
money changers

you get what you earn
 Quoting: Anonymous Coward 75133356
hollyavila
godlikeproductions

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06/23/2022 07:44 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
A Tsunami...

The water goes out, there is a hush, and then, the wave moves in, fast and even at first, then overwhelmingly fast.

I'll be surprised if we make it through to July 4th.

By August, nobody will believe that we're making it to Christmas.
 Quoting: Anonymous Coward 80409976


Yes, we are watching the water go out and too many folks are just standing there staring at it.
There's not a lot we can do but prep and pray.
hollyavila
godlikeproductions

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06/23/2022 07:46 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.
 Quoting: Anonymous Coward 79685474


Anyone who read the Bible knew this was coming. The mark of the beast is a digital currency system. They are also making sure you will be desperate to go to them for food.
hollyavila
godlikeproductions

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06/23/2022 07:47 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.
 Quoting: Anonymous Coward 82810580


They have to do something before the mid terms to justify martial law and a suspension of the election.

We are going to get entangled in war on US soil. imho.
Anonymous Coward
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06/23/2022 07:52 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
Hey , Prayandprepare000, go fuck youref.
 Quoting: Anonymous Coward 74463043


Bad vibes awaits this asshole! Yeah go fuck yourself Prayandprepare!
hollyavila
godlikeproductions

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06/23/2022 07:55 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 kidding. I didn’t write the white paper, I just read it. You can read it too, if you know how to read.

[link to www.federalreserve.gov (secure)]

And no one cares if you or I think it’s stupid. They’re going to do it unless we stop them. So get off your ass and do something AC.
 Quoting: Shaun Kaven


Nah I'd rather sit and laugh at your dumb delusions
 Quoting: Anonymous Coward 83739832


One of us just posted a white paper from the Federal Reserve that explains what they want to implement. The other one is pretending that it doesn’t exist.

Which one is delusional?

whatever
 Quoting: Shaun Kaven


Next you'll post bible passages and I'll laugh even harder
 Quoting: Anonymous Coward 83739832


This kind of idiot doesn't even realize the occult practices going on behind the Federal Reserve Bank.
Ok, Mr Two Digit IQ AC, go watch "Eyes Wide Shut" by Kubrick, who died before he could edit that film.
Anonymous Coward
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06/23/2022 07:58 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
...


Nah I'd rather sit and laugh at your dumb delusions
 Quoting: Anonymous Coward 83739832


One of us just posted a white paper from the Federal Reserve that explains what they want to implement. The other one is pretending that it doesn’t exist.

Which one is delusional?

whatever
 Quoting: Shaun Kaven


Next you'll post bible passages and I'll laugh even harder
 Quoting: Anonymous Coward 83739832


This kind of idiot doesn't even realize the occult practices going on behind the Federal Reserve Bank.
Ok, Mr Two Digit IQ AC, go watch "Eyes Wide Shut" by Kubrick, who died before he could edit that film.
 Quoting: hollyavila


No thanks, I don't consume media produced by those with mutilated crotches lmao
Anonymous Coward
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06/23/2022 08:18 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
Shaun, won't the CBDC be inflationary if they bring that in? They really will be printing money with that thing.

God knows how all of it will fit together, that's why they complicate finance I think, so the plebs can never work out what is going on.
 Quoting: Anonymous Coward 27733035


No, it won’t be inflationary because it won’t be new money. When the time comes, they will force everyone to use it as a means of commerce. Paper currency will be gone and what you have in the bank will be converted into CBCCs.

I’ve read the white papers and they are intentionally vague about how the conversion will work. The speculation is that all your digital dollars (speaking specifically about the US now), meaning for example money they you have in the bank, would be converted into CBCCs in a one-time transaction.

For paper money, you would have a time period where you can bring it in and exchange it for CBCCs. If you wait, it will have less and less value until the point where they won’t do the exchange anymore and your paper money is a useless relic. Of course, if you have large amounts of paper currency then they’ll ask for supporting evidence of where you derived it.

But CBCCs will be promoted as the savior to escape the Second Great Depression. Want to know how? Glad that you asked.

Don’t fall into the trap of thinking that a CBCC is just another currency. Remember this is a complete financial reset. The rules of the game will be different.

For one, they’ll be tied to your digital ID and thus there will be rewards (and penalties) based on your behavior. So for example if you don’t get vaccinated, they could deduct from your account.

But most importantly, and this is emphasized in the white papers, CBCCs can be used to force you to spend them or to use them in certain ways.

For example, they can limit your allotment of currency that can be used on meat-based products. Once you’ve consumed your limit of meat for the month, your CBCCs wouldn’t work to buy any more.

But here’s the “save the world” part; deflation is the result of people not spending money. Because the price of everything is constantly dropping, people wait until the next day and the next day to buy things because they know that every day it gets cheaper. This is the deflation trap.

But CBCCs can be time boxed. In other words, here is your paycheck, you made 10,000 digital dollars this month. Of that money, 8,000 must be spent within 30 days or you lose it. Boom, deflation problem solved…. at the cost of your liberty (and maybe even your soul)…
 Quoting: Shaun Kaven


Damn this is some dumb shit
 Quoting: Anonymous Coward 83739832


Central Bank Digital Currency will bring on the Digital Concentration Camp. This feature of an expiration timer on the money is awful. The programmable nature of this digital currency could (would) be quite oppressive.
Anonymous Coward
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06/23/2022 08:27 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
Shaun, won't the CBDC be inflationary if they bring that in? They really will be printing money with that thing.

God knows how all of it will fit together, that's why they complicate finance I think, so the plebs can never work out what is going on.
 Quoting: Anonymous Coward 27733035


No, it won’t be inflationary because it won’t be new money. When the time comes, they will force everyone to use it as a means of commerce. Paper currency will be gone and what you have in the bank will be converted into CBCCs.

I’ve read the white papers and they are intentionally vague about how the conversion will work. The speculation is that all your digital dollars (speaking specifically about the US now), meaning for example money they you have in the bank, would be converted into CBCCs in a one-time transaction.

For paper money, you would have a time period where you can bring it in and exchange it for CBCCs. If you wait, it will have less and less value until the point where they won’t do the exchange anymore and your paper money is a useless relic. Of course, if you have large amounts of paper currency then they’ll ask for supporting evidence of where you derived it.

But CBCCs will be promoted as the savior to escape the Second Great Depression. Want to know how? Glad that you asked.

Don’t fall into the trap of thinking that a CBCC is just another currency. Remember this is a complete financial reset. The rules of the game will be different.

For one, they’ll be tied to your digital ID and thus there will be rewards (and penalties) based on your behavior. So for example if you don’t get vaccinated, they could deduct from your account.

But most importantly, and this is emphasized in the white papers, CBCCs can be used to force you to spend them or to use them in certain ways.

For example, they can limit your allotment of currency that can be used on meat-based products. Once you’ve consumed your limit of meat for the month, your CBCCs wouldn’t work to buy any more.

But here’s the “save the world” part; deflation is the result of people not spending money. Because the price of everything is constantly dropping, people wait until the next day and the next day to buy things because they know that every day it gets cheaper. This is the deflation trap.

But CBCCs can be time boxed. In other words, here is your paycheck, you made 10,000 digital dollars this month. Of that money, 8,000 must be spent within 30 days or you lose it. Boom, deflation problem solved…. at the cost of your liberty (and maybe even your soul)…
 Quoting: Shaun Kaven


Damn this is some dumb shit
 Quoting: Anonymous Coward 83739832


Central Bank Digital Currency will bring on the Digital Concentration Camp. This feature of an expiration timer on the money is awful. The programmable nature of this digital currency could (would) be quite oppressive.
 Quoting: Anonymous Coward 46863994


Don't forget to buy bitcoin ya fuggin dupe
Anonymous Coward
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06/23/2022 08:31 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


It's all about how much land you own.

I have 2 1/2 acres with tons of fruit, and about a 1/4 acre garden, 2 green houses, solar well, and over 1,500 gallons of water storage. What I don't have is labor to work it all, but that's easy to solve.
 Quoting: Anonymous Coward 73826914


Good luck with that. When everything shuts down you will find willing workers, but our experience has been those you hire steal everything from you. A farmer I know had a fuel tank filled with 500 gallons. Her farm worker stole it little by little so when she needed it, it was gone. She's also had horses stolen, equipment stolen... all by farm workers. Be careful who you hire.
Peace Brother

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06/23/2022 08:34 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
Last man standing , the Blackrock government

You will own nothing, they will own everything
When a man is denied the right to live the life he believes in, he has no choice but to become an outlaw.
Agent 99

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06/23/2022 09:28 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
Anonymous Coward
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06/23/2022 11:39 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
Every one in awhile, someone gets it right.

Most of you here are buying into the “hyper inflation” argument. You’re been duped. There is no hyper inflation. There’s not even inflation. The money supply is shrinking not growing, and anyone who understood economics and how money is created should know this.

Oh yeah, food prices and gas prices are going up. That’s because pipelines are being shut off, Russia is being sanctioned (well, actually the West is really just sanctioning itself because this isn’t affecting Russia) and our food supply is under direct and constant attack. But NONE of these things have anything to do with inflation, which literally means inflation in the monetary supply.

Nope, quite the opposite, the debt bubble is BURSTING. That’s right boys and girls, the Western consumer is tapped out and cannot borrow anymore. No borrowing = new money can’t be created = end game.

The big Ponzi scheme called Bretton Woods that started in 1945 is coming to an end. They don’t call it the Great Reset for nothing. They could have called it the Little Reset but they didn’t.

We are going into massive deflation now, the likes of which will make the Great Depression look like child’s play. It’s the great unwinding.

And if you’re wondering why they’re attacking our food supply and shutting off oil, it has nothing to do with climate change. Obviously. It’s about trying to fight deflation. If you don’t believe me then Google on the Agricultural Adjustment Act of 1933. They’re using the same playbook to fight deflation that they used during the Great Depression, when they literally burned food factories and dumped food into the ocean while people starved.

Didn’t work then and won’t work now. The only way out is world war followed by a new financial system. And they’ve got one ready. Hint: you’re going to hate it.
 Quoting: Shaun Kaven


Hint: You don't know any more than anyone else.
Anonymous Coward
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06/23/2022 11:41 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
Would there not be Constitutional legal issues with any new CBCC digital currency guides?? I could see how it could work in China or Sweden but probably half our economy is running on some kind of illegal scheme. Same with Russia if not more. All those Hellcats and BMW's are not funded by Walfarts jobs.
Anonymous Coward
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06/23/2022 11:42 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.
 Quoting: Anonymous Coward 82810580


They have to do something before the mid terms to justify martial law and a suspension of the election.

We are going to get entangled in war on US soil. imho.
 Quoting: hollyavila


^
yup

foreign war first, then invasion of the u.s. eventually. They have to cull the military first in a foreign location.
hillbilly
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06/23/2022 01:03 PM
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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
The FED itself is a 'constitutional issue'.
okie1

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06/23/2022 06:09 PM
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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
Shaun, won't the CBDC be inflationary if they bring that in? They really will be printing money with that thing.

God knows how all of it will fit together, that's why they complicate finance I think, so the plebs can never work out what is going on.
 Quoting: Anonymous Coward 27733035


If you read the fed's white paper, the digital dollar will be the dollar in name only, and actually have zero relationship to our current monetary system, save for the fact that in the very beginning there will be interoperability (i.e. the digital dollar will effectively operate as a stablecoin pegged to the USD, at least in the very beginning phase).

The digital dollar will basically be a token that has no intrinsic value outside of the fed's own little ecosystem. I've been comparing the fed's plan to a nation-wide company town, making the digital dollar tantamount to a "coal scrip," which was currency issued by company towns that could be used at the company's own general store only.

It won't meet some of the basic definitions of currency, or any of them really. For example, it won't be a store of value, since it will come with an expiration date and limitations. It would be better defined as a coupon because its planned limitations are way too narrow to meet any definition of currency.

As for whether it's inflationary or deflationary, you can't even really talk about it in that context because it's not money to begin with. If there were a surplus of some commodity within the fed's system, leading to deflation, the fed could simply fix the price. If there were shortages (which is probably going to be par for the course under that system), they can control how much of that thing people are able to buy.

I personally think it's highly likely that the digital dollar will be used to replace the dollar in lieu of hyperinflation. I think what people will find, though, is that the digital dollar doesn't buy much, especially outside the fed's system. Like if you wanted to buy a fine watch from Switzerland, for example, I think what we'll find is that the digital dollar is worth about as much as Chuckecheese tokens outside of their little sphere of influence. So while you might not see the digital dollar hyperinflate here locally, I think there will be some hyperinflationary features as far as its value in a broader context.
okie





GLP