drjenner
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Location: Pacific NW, USA
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Post by drjenner on Sept 7, 2021 2:36:02 GMT 10
Ok So I should cash out my crypto when?? LOL Crypto are one of the most unstable money form as it has no intrinsic value. It is quiet a roller coaster ride, but like everything else is in extreme bubble. One has to have hair on your teeth to be in crypto, and hope you can get out before it fails. There are so many thing coming unstuck around the world and natural catastrophise (Fires out west USA, hurricane, flooding, tornadoes on the east. Soon the chickens come home to roost. Yeah, I just put some "fun money" in it - nothing I was scared about to lose, but man it's done great!
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frostbite
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Post by frostbite on Sept 7, 2021 6:44:20 GMT 10
Bad ass. Getting my hubs to teach my daughter and I to shoot this year. I taught the mrs and both my children to shoot. My son can hit dinner plates out to 1200 yards, and my daughter went on to shoot professionally. She now packs a big .357 magnum revolver
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spatial
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Post by spatial on Sept 7, 2021 7:46:59 GMT 10
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spatial
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Post by spatial on Sept 7, 2021 7:50:50 GMT 10
Crypto are one of the most unstable money form as it has no intrinsic value. It is quiet a roller coaster ride, but like everything else is in extreme bubble. One has to have hair on your teeth to be in crypto, and hope you can get out before it fails. There are so many thing coming unstuck around the world and natural catastrophise (Fires out west USA, hurricane, flooding, tornadoes on the east. Soon the chickens come home to roost. Yeah, I just put some "fun money" in it - nothing I was scared about to lose, but man it's done great! Yes, and just about every assets class has skyrocketed. It is a warning when bonds, stocks, oil, gold all just keep rising despite bad news, inflation rising and economic activity declining. Record job openings and very low job take-up.
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Beno
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Post by Beno on Sept 7, 2021 17:46:22 GMT 10
The stocks are rising because the big end of town are draining the accounts of the masses which is pushing the market higher. That is the only explanation i can come up with. Look at the billionaire space race as an example. This is occurring at a time of immense instability yet the dikwads can compete on who makes the biggest dik looking rocket. It’s a race to see who can be the first trillionaire and most of us are lapping up their products (i-crap, amazon, social media tech) while mum n dad businesses can’t even open their shops let alone compete with the slave labour theses companies are using (deliveroo, uber eats, contractors from overseas who don’t know what labour laws are). The big end of town locked down the competition while they thrive. The rich invest their money and the more they have the more the stocks go up while hundreds of millions are now unemployed or looking for more work.
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spatial
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Post by spatial on Sept 7, 2021 18:12:58 GMT 10
The stocks are rising because the big end of town are draining the accounts of the masses which is pushing the market higher. That is the only explanation i can come up with. Look at the billionaire space race as an example. This is occurring at a time of immense instability yet the dikwads can compete on who makes the biggest dik looking rocket. It’s a race to see who can be the first trillionaire and most of us are lapping up their products (i-crap, amazon, social media tech) while mum n dad businesses can’t even open their shops let alone compete with the slave labour theses companies are using (deliveroo, uber eats, contractors from overseas who don’t know what labour laws are). The big end of town locked down the competition while they thrive. The rich invest their money and the more they have the more the stocks go up while hundreds of millions are now unemployed or looking for more work. Stocks going up due to free printed money, Borrowing money at almost zero interest rate then put on Stocks goingnup 30% a year. When the markets show signs of instability and margin calls get going it is 50 to 80% drop in a few days. And one wakes up one morning to find all bank accounts frozen. In 2008 the world was hours away from a banking holiday. Saved by world central bank money printing. Dont be fooled, for example the S&P500 US market is top 500 companies, most of the companies stocks have gone down, except for the few big tech stocks and Amazon. but the index goes up. It is referred to as breadth of market, narrowest ever, and PE price to earnings are at all time high. CRASH dead ahead,
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Post by spinifex on Sept 7, 2021 18:24:40 GMT 10
The real problem with all this is that real world productive economy is entering a free fall.
Everyones house will be worth a million ... and everyone will be riding bikes because car parts are unobtainable.
And maybe not even bikes ... if bike tyres aren't being made anymore ...
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frostbite
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Post by frostbite on Sept 7, 2021 19:14:55 GMT 10
We'll have to learn to be resilient, like the Cubans.
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Post by milspec on Sept 7, 2021 19:49:19 GMT 10
We'll have to learn to be resilient, like the Cubans. It will be manageable for some of us and a proper crisis for most.
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spatial
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Post by spatial on Sept 7, 2021 21:17:28 GMT 10
The real problem with all this is that real world productive economy is entering a free fall. Everyones house will be worth a million ... and everyone will be riding bikes because car parts are unobtainable. And maybe not even bikes ... if bike tyres aren't being made anymore ... A good summary of where we are .
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norseman
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Practical is Tactical!
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Post by norseman on Sept 8, 2021 0:39:12 GMT 10
We'll have to learn to be resilient, like the Cubans. I feel like a Cuban already!
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Post by Joey on Sept 8, 2021 17:19:50 GMT 10
There are becoming a lot more violent armed robberies and such up my way in towns that have had near-zero record for such crimes, and they are happening several times a week now
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frostbite
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Post by frostbite on Sept 10, 2021 17:00:34 GMT 10
My wild child, the daughter I adopted 15 years ago, is 32yo and seriously pissed off with the medical apartheid introduced into NSW by Dumb & Dumber (the Premier and the CMO), so today she started a Facebook group where local business who DON'T discriminate based on vaccine status can advertise and where members (150 in the first 3 hours) can swap info on which business have or haven't swallowed the kool-aid. The non vaxxed economy is starting already. Very proud of that girl, even more than when she told Flymaster straight to his face to shut his big mouth or she'd end him.
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spatial
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Post by spatial on Sept 11, 2021 10:08:34 GMT 10
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malewithatail
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Post by malewithatail on Sept 11, 2021 10:20:41 GMT 10
Apparently, the USA fed hasn't authorized an increase in the dept borrowing level, and the USA Govt will run out of money in October. Ive no idea how it works, but it doesn't sound good.
Cats have staff, it's dogs that have owners.
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Post by Stealth on Sept 11, 2021 11:03:27 GMT 10
Certainly feels like it's all brewing, huh 😐
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spatial
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Post by spatial on Sept 11, 2021 14:50:54 GMT 10
Apparently, the USA fed hasn't authorized an increase in the dept borrowing level, and the USA Govt will run out of money in October. Ive no idea how it works, but it doesn't sound good. Cats have staff, it's dogs that have owners. Yip US congress needs to approve any over budget spending. The Republicans can hold it up for some advantage. Also Texas has basically stopped all abortions. Got a legal ruling that if there is a heartbeat, and has to checked by a cardiologist abortion is then illegal. Biden and the woke liberals are going ballistic. Saying it is unconstitutional, and are worried other states will follow suit. Trump put in conservative supreme court judges - Major escalation of civil unrest and civil war. Also the housing moratorium on rent is now gone and additional welfare payments for covid is reduced... Big shortage and inflation skyrocketing it is getting very real.
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frostbite
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Post by frostbite on Sept 11, 2021 15:05:31 GMT 10
Did I just read that correctly? Biden supports the right for a woman to choose to abort her baby, but forces everyone to have an experimental drug injected into them? Bring on the collapse, it's long overdue.
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spatial
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Post by spatial on Sept 11, 2021 16:29:28 GMT 10
Did I just read that correctly? Biden supports the right for a woman to choose to abort her baby, but forces everyone to have an experimental drug injected into them? Bring on the collapse, it's long overdue. Yip the US anit-vaccination and mask crowd have "My Body My Choice" as there slogan just to annoy the left.. Biden and cohorts very much in favour of abortion, the left is as usually very hypocritical.,.
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drjenner
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Location: Pacific NW, USA
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Post by drjenner on Sept 12, 2021 7:33:00 GMT 10
In a hospital collapse - which very may well happen here in the US - with rationing of care now... how are your supplies to be able to manage small emergencies at home? Just did inventory of mine, and it was bad. Thought I had more than I did.
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