The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun | |
Anonymous Coward User ID: 83739832 South Africa 06/23/2022 05:12 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 27733035 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. 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)… Damn this is some dumb shit |
Anonymous Coward User ID: 66285793 Netherlands 06/23/2022 05:14 AM Report Abusive Post Report Copyright Violation | 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
User ID: 71498518 Colombia 06/23/2022 05:41 AM Report Abusive Post Report Copyright Violation | 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. Last Edited by Shaun Kaven on 06/23/2022 05:43 AM Like I told my ex-wife, I said: honey, I never drive faster than I can see. Besides that, it’s all in the reflexes… |
Anonymous Coward User ID: 80308750 United States 06/23/2022 05:46 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80308750 United States 06/23/2022 05:50 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 83739832 South Africa 06/23/2022 05:50 AM Report Abusive Post Report Copyright Violation | 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. Nah I'd rather sit and laugh at your dumb delusions |
Shaun Kaven
User ID: 71498518 Colombia 06/23/2022 06:05 AM Report Abusive Post Report Copyright Violation | 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. Nah I'd rather sit and laugh at your dumb delusions 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? Like I told my ex-wife, I said: honey, I never drive faster than I can see. Besides that, it’s all in the reflexes… |
Anonymous Coward User ID: 83587463 United States 06/23/2022 06:15 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 83739832 South Africa 06/23/2022 06:30 AM Report Abusive Post Report Copyright Violation | 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. Nah I'd rather sit and laugh at your dumb delusions 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? Next you'll post bible passages and I'll laugh even harder |
Anonymous Coward User ID: 80270784 United States 06/23/2022 06:44 AM Report Abusive Post Report Copyright Violation | 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. Nah I'd rather sit and laugh at your dumb delusions Eat your soy, rabble slave! |
Anonymous Coward User ID: 83739832 South Africa 06/23/2022 07:00 AM Report Abusive Post Report Copyright Violation | 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. Nah I'd rather sit and laugh at your dumb delusions Eat your soy, rabble slave! Eat your foreskins rabbie |
Anonymous Coward User ID: 58363689 United States 06/23/2022 07:24 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 46863994 United States 06/23/2022 07:35 AM Report Abusive Post Report Copyright Violation | 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: Quoting: Anonymous Coward 80429789 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). 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. 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 User ID: 79632299 United States 06/23/2022 07:43 AM Report Abusive Post Report Copyright Violation | |
hollyavila
User ID: 81929631 United States 06/23/2022 07:44 AM Report Abusive Post Report Copyright Violation | Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun A Tsunami... Quoting: Anonymous Coward 80409976 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. 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
User ID: 81929631 United States 06/23/2022 07:46 AM Report Abusive Post Report Copyright Violation | 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. 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
User ID: 81929631 United States 06/23/2022 07:47 AM Report Abusive Post Report Copyright Violation | Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun finally. Quoting: Anonymous Coward 82810580 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. 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 User ID: 83229467 United States 06/23/2022 07:52 AM Report Abusive Post Report Copyright Violation | |
hollyavila
User ID: 81929631 United States 06/23/2022 07:55 AM Report Abusive Post Report Copyright Violation | Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun ... Quoting: Shaun Kaven 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. Nah I'd rather sit and laugh at your dumb delusions 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? Next you'll post bible passages and I'll laugh even harder 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 User ID: 83739832 South Africa 06/23/2022 07:58 AM Report Abusive Post Report Copyright Violation | Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun 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? Next you'll post bible passages and I'll laugh even harder 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. No thanks, I don't consume media produced by those with mutilated crotches lmao |
Anonymous Coward User ID: 46863994 United States 06/23/2022 08:18 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 27733035 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. 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)… Damn this is some dumb shit 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 User ID: 83739832 South Africa 06/23/2022 08:27 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 27733035 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. 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)… Damn this is some dumb shit 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. Don't forget to buy bitcoin ya fuggin dupe |
Anonymous Coward User ID: 80401956 United States 06/23/2022 08:31 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Prayandprepare000 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. 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... 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. 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
User ID: 81112040 South Africa 06/23/2022 08:34 AM Report Abusive Post Report Copyright Violation | |
Agent 99
User ID: 77082640 United States 06/23/2022 09:28 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 82810580 United States 06/23/2022 11:39 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Shaun Kaven 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. Hint: You don't know any more than anyone else. |
Anonymous Coward User ID: 58816298 United States 06/23/2022 11:41 AM Report Abusive Post Report Copyright Violation | 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 User ID: 82810580 United States 06/23/2022 11:42 AM Report Abusive Post Report Copyright Violation | Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun finally. Quoting: Anonymous Coward 82810580 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. 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. ^ yup foreign war first, then invasion of the u.s. eventually. They have to cull the military first in a foreign location. |
hillbilly User ID: 79632299 United States 06/23/2022 01:03 PM Report Abusive Post Report Copyright Violation | |
okie1
User ID: 71019581 United States 06/23/2022 06:09 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 27733035 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. 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 |