Screw_Michigan wrote: ↑Fri Apr 05, 2024 12:15 amA tale as old as time, as old as UM beating OSU in football.
You must be reminiscing about the pre 1950s
Re: Doom
Posted: Fri Apr 05, 2024 12:52 am
by Screw_Michigan
L45B wrote: ↑Fri Apr 05, 2024 12:37 am You must be reminiscing about the pre 1950s
I just knew it would get your attention.
Re: Doom
Posted: Fri Apr 05, 2024 5:04 am
by Diego in Seattle
Screw_Michigan wrote: ↑Fri Apr 05, 2024 12:15 am
A D incumbent is up for re-election. Time to whip up some good ol' national debt hysteria.
Since the Republicans refused to work with Biden on the border their usual whipping of brown-person phobia won't hunt. And they're starting to realize that their culture wars are coming back to haunt them (see AL10). This is about all that they have left.
Felt it. Thought a helicopter was flying too low. Fault line is 50 miles away in western NJ.
Everyone’s asking about when the aftershocks, if any, will ensue. Life on an island.
Re: Doom
Posted: Fri Apr 05, 2024 5:23 pm
by Mikey
My stepdaughter lives in Ringwood, NJ (about 25 miles NW of NYC) and has an apartment in Manhattan where her son lives while at NYU. She says that they felt it in both places and it was kind of cute compared to CA.
Eleven of the barges were located and pinned against the river bank by Brunot Island, according to a news
release from the City of Pittsburgh. They were being held by a tugboat.
Meanwhile, 14 continued down the river and six have gone over the Emsworth Dam, the city said...
Re: Doom
Posted: Sat Apr 13, 2024 12:45 pm
by Mikey
Probably caused intentionally by a swarthy complexioned terrorist who crossed the southern border carrying 200 lb of fentanyl, raping couple of dozen white women on the way and forcing them into sex slavery.
Thanks Joe Biden.
Re: Doom
Posted: Sat Apr 13, 2024 2:19 pm
by The Seer
Gold and silver are vaulting up suddenly like nobody’s business (literally). This may be fun to see if you are sitting on a pile, even a small pile of the stuff. But to everybody else it’s a signal that something is messed up in the complex engine of the economy. You know, of course, that our money is debt. So, debt is the fuel that drives that engine. Debt is a promise to pay back money with interest to take advantage of the time-value of money. The time-value of money means it’s better to have the money now (to keep the engine running) than to wait until your work produces money (if it even can).
The trouble is, debt loses its credibility if there is no plausible way of paying it back, or even just to keep paying the interest. That’s exactly what is happening now. Everybody can see that the US government can’t pay the interest on its debt, which is Treasury bonds, notes, and bills (from long duration to short). That debt is running at well over $1-trillion a year. That’s a thousand billion, which is a thousand million, altogether a million million. See, it’s impossible to grok how more than a trillion dollars gets produced in an economy based on selling fried chicken nuggets and streamed movies to people with no jobs.
When the Treasury holds an auction on a new issue of bonds (needed to pay off the interest on old bonds) and nobody shows up to buy because they doubt its ability to pay interest on the new paper, our country’s debt becomes worthless. As a last resort, the Federal Reserve swoops in and buys that worthless paper by creating “money” on its computer. That “money” goes out into the economy. The Fed pretends to get paid interest. It’s all fakery, a swindle. It’s like putting water in the gas tank of your engine. You know that the engine is going to throw a rod. When it does, it’ll be such a shock that the vehicle it’s running in is liable to hit a bridge abutment or something else hard. That’s what tumbling off the cliff is like.
Re: Doom
Posted: Sat Apr 13, 2024 6:58 pm
by Screw_Michigan
The Seer wrote: ↑Sat Apr 13, 2024 2:19 pm
Gold and silver are vaulting up suddenly like nobody’s business (literally). This may be fun to see if you are sitting on a pile, even a small pile of the stuff. But to everybody else it’s a signal that something is messed up in the complex engine of the economy. You know, of course, that our money is debt. So, debt is the fuel that drives that engine. Debt is a promise to pay back money with interest to take advantage of the time-value of money. The time-value of money means it’s better to have the money now (to keep the engine running) than to wait until your work produces money (if it even can).
The trouble is, debt loses its credibility if there is no plausible way of paying it back, or even just to keep paying the interest. That’s exactly what is happening now. Everybody can see that the US government can’t pay the interest on its debt, which is Treasury bonds, notes, and bills (from long duration to short). That debt is running at well over $1-trillion a year. That’s a thousand billion, which is a thousand million, altogether a million million. See, it’s impossible to grok how more than a trillion dollars gets produced in an economy based on selling fried chicken nuggets and streamed movies to people with no jobs.
When the Treasury holds an auction on a new issue of bonds (needed to pay off the interest on old bonds) and nobody shows up to buy because they doubt its ability to pay interest on the new paper, our country’s debt becomes worthless. As a last resort, the Federal Reserve swoops in and buys that worthless paper by creating “money” on its computer. That “money” goes out into the economy. The Fed pretends to get paid interest. It’s all fakery, a swindle. It’s like putting water in the gas tank of your engine. You know that the engine is going to throw a rod. When it does, it’ll be such a shock that the vehicle it’s running in is liable to hit a bridge abutment or something else hard. That’s what tumbling off the cliff is like.
You are a quack
Re: Doom
Posted: Sat Apr 13, 2024 10:12 pm
by Sudden Sam
We should have let Israel take out the Natanz nuclear site a long time ago.
Re: Doom
Posted: Sat Apr 13, 2024 10:21 pm
by HighPlainsGrifter
Russia Hits Underground Gas Reserves in Ukraine; "Mushroom Cloud" from Fierce Explosion
Hal Turner wrote:At dawn, Russia achieved the largest strategic strike in Ukraine in history, when it destroyed Ukraine's largest underground gas storage in Bilche-Volitsko-Uher in the city of Stryjak near Ľvov.
Russia utilized Kh-47 Kinzhal supersonic missiles and Kh-101 cruise missiles, to strike and detonate 17 billion cubic meters of stored natural gas!
The attack came from three different sides.
The destruction of the natural gas, combined with Russia's unwillingness to supply new gas, means that Ukraine is "done" from an energy perspective.
A total of eight MiG-31 fighters carrying Kinzhal and Kh-101 aircraft hit the gas reserve, causing a nuclear-like mushroom cloud visible from Poland, 100 km from the Ukrainian border.
The reserve tank was located at a depth of 50 meters (~150 feet) from the surface of the earth, which did not prevent Kinžal from going through the stony ground "like a knife through butter" and exploding into the tank!
In Poland, radiation measurements began after what initially appeared to be a nuclear attack there, but this has not been confirmed.
Ukraine currently has less than half of its gas reserves, and after the destruction of the reserve, it cannot even be supplied from the European market.
The attack on this underground gas reservoir was confirmed by the Ukrainian company Zdroj 24 news.
Remember a year ago when the world was agiggle at Ukraine farmers dragging Russian tanks around? Those
memes aged like milk.
Ventusky (the site that showed this anomaly) says it was a model error.
That said, MrMBB333 points out extensive (7 or 8 states) "coastal inundation" today along the Atlantic Seaboard.
0:15 to 1:50 in the video below...
This is wild.
PROOF The Antarctica 'Anomaly' Was NOT a GLITCH!
"Some kind of energy pulse coming from Antarctica."
8 minute video.
Give it a watch and form your own opinion.
Re: Doom
Posted: Sat Apr 13, 2024 10:30 pm
by Softball Bat
HPG wrote:Russia Hits Underground Gas Reserves in Ukraine; "Mushroom Cloud" from Fierce Explosion
Next week is going to be wild!
Re: Doom
Posted: Sat Apr 13, 2024 10:32 pm
by Softball Bat
The Seer wrote:The trouble is, debt loses its credibility if there is no plausible way of paying it back, or even just to keep paying the interest. That’s exactly what is happening now. Everybody can see that the US government can’t pay the interest on its debt, which is Treasury bonds, notes, and bills (from long duration to short). That debt is running at well over $1-trillion a year. That’s a thousand billion, which is a thousand million, altogether a million million. See, it’s impossible to grok how more than a trillion dollars gets produced in an economy based on selling fried chicken nuggets and streamed movies to people with no jobs.
When the Treasury holds an auction on a new issue of bonds (needed to pay off the interest on old bonds) and nobody shows up to buy because they doubt its ability to pay interest on the new paper, our country’s debt becomes worthless. As a last resort, the Federal Reserve swoops in and buys that worthless paper by creating “money” on its computer. That “money” goes out into the economy. The Fed pretends to get paid interest. It’s all fakery, a swindle. It’s like putting water in the gas tank of your engine. You know that the engine is going to throw a rod. When it does, it’ll be such a shock that the vehicle it’s running in is liable to hit a bridge abutment or something else hard. That’s what tumbling off the cliff is like.
Everything is fine... until it isn't fine.
Anyone with a brain knows there will be an implosion point.
The Seer wrote:The trouble is, debt loses its credibility if there is no plausible way of paying it back, or even just to keep paying the interest. That’s exactly what is happening now. Everybody can see that the US government can’t pay the interest on its debt, which is Treasury bonds, notes, and bills (from long duration to short). That debt is running at well over $1-trillion a year. That’s a thousand billion, which is a thousand million, altogether a million million. See, it’s impossible to grok how more than a trillion dollars gets produced in an economy based on selling fried chicken nuggets and streamed movies to people with no jobs.
When the Treasury holds an auction on a new issue of bonds (needed to pay off the interest on old bonds) and nobody shows up to buy because they doubt its ability to pay interest on the new paper, our country’s debt becomes worthless. As a last resort, the Federal Reserve swoops in and buys that worthless paper by creating “money” on its computer. That “money” goes out into the economy. The Fed pretends to get paid interest. It’s all fakery, a swindle. It’s like putting water in the gas tank of your engine. You know that the engine is going to throw a rod. When it does, it’ll be such a shock that the vehicle it’s running in is liable to hit a bridge abutment or something else hard. That’s what tumbling off the cliff is like.
Everything is fine... until it isn't fine.
Anyone with a brain knows there will be an implosion point.
Are we there?
Reminds of an old adage. Going bankrupt happens very slowly, then all at once.
The Seer wrote: ↑Sat Apr 13, 2024 2:19 pm
See, it’s impossible to grok how more than a trillion dollars gets produced in an economy based on selling fried chicken nuggets and streamed movies to people with no jobs.
You are a quack
Weird...it even included a reference to your societal niche.....
The Seer wrote: ↑Sat Apr 13, 2024 2:19 pm
See, it’s impossible to grok how more than a trillion dollars gets produced in an economy based on selling fried chicken nuggets and streamed movies to people with no jobs.
You are a quack
Weird...it even included a reference to your societal niche.....
You were right about one thing...it's impossible to grok.
Re: Doom
Posted: Sun Apr 14, 2024 1:50 pm
by Mikey
Softball Bat wrote: ↑Sat Apr 13, 2024 10:32 pm
Everything is fine... until it isn't fine.
Anyone with a brain knows there will be an implosion point.
Are we there?
Which you have been predicting every year since SCII (or is it SCI?).
In this case the blind squirrel is still looking for his nut.
Re: Doom
Posted: Sun Apr 14, 2024 2:24 pm
by Softball Bat
poptart wrote:Everything is fine... until it isn't fine.
Anyone with a brain knows there will be an implosion point.
Are we there?
Mikey wrote:Which you have been predicting every year since SCII (or is it SCI?).
If that were true, I wouldn't be doing too bad.
From its high near the end of 1999 to its low in September of '02, the Dow lost 39%.
From its high in the fall of '07 to its low in early '09, the Dow lost 50%.
From it's high in late '19 to its low in early '20, the Dow lost 24%.
That's 3 pretty solid implosions right there.
But those are not the BIG ones.
Ross Perot was way ahead of me, Mikey.
He was on top of this in the run for the '92 presidency.
He knew America was being hollowed out, and that is exactly what has happened over the past few decades.
When I was growing up in the '60s, a family could get by pretty well where I lived with one bread-winner.
Dad was bringing home the bacon and mom was staying at home to raise the kids.
It was common.
People were doing alright.
Not now.
The middle class has been r@ped.
Ross
Freaking
Perot
Re: Doom
Posted: Sun Apr 14, 2024 3:07 pm
by Mikey
That depends on your definition of “implosion” I guess. The markets go up and the markets go down. They always have and they always will. And yet somehow we all (at least most of us) survive, and here we are pushing new highs, it seems, on a regular basis. Sure, there are winners and there are losers and it’s not always (never?) fair, but that depends on your POV. And it also depends on a lot of personal decisions that each individual makes on their own. You say that the middle class is getting “raped” but it wouldn’t happen so easily if people exhibited some drive, energy and intelligence, starting by not dropping trou and bending over.
(PS…and constantly bitching about it, which seems to be the MAGA solution of choice, doesn’t accomplish anything)
For every “bust” that you conveniently deposit in your little stash of acorns, there has to be a “boom” preceding it.
Re: Doom
Posted: Tue Apr 30, 2024 10:47 pm
by Rootbeer
I have possible insider information from a district manager for Fiat Chrysler America.
Chrysler has closed 10 distribution centers and is offering buyouts to dealerships. Getting parts is really difficult right now and this helps to explain the lousy fill rates at my local dealership-according to the Parts & Service Manager who talked to the district manager.
No one is sure why FCA is making these moves but one theory suggests FCA is looking to increase its debt load while offloading assets and will soon use the bankruptcy court to restructure. I have been watching for something like this ever since Ram became its own brand in 2012.
My guess: Chrysler keeps Ram and maybe Jeep. Fiat takes everything else and sells it to a Chinese firm.
Re: Doom
Posted: Tue Apr 30, 2024 11:09 pm
by Mikey
This is interesting, but aren't they all part of Stellantis? Maybe they're all breaking up?
Seems the shift to making 80% of the fleet all electric is hitting the same snags other automakers are experiencing.
Re: Doom
Posted: Wed May 01, 2024 3:21 am
by Softball Bat
The Fed will make an interest rate decision tomorrow afternoon that could *JOLT* the markets.
Previously, the Fed had made noises about cutting rates a couple or more times this year.
But recent data has shown that inflation is rising again, so cutting rates now seems unlikely.
And in fact, it could be that they will actually raise rates tomorrow.
If the Fed raise rates tomorrow, look for the markets to take a significant dip in the afternoon.
My own guess is that the Fed will choose to leave rates where they are for now.
Will be interesting.
Re: Doom
Posted: Wed May 01, 2024 3:32 am
by HighPlainsGrifter
Until the money printing stops, the Fed might as well write their recommendation on a dollar bill and burn it for heat like the rest of us.
You must be reminiscing about the pre 1950s
