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Post by Stealth on Mar 17, 2023 19:26:47 GMT 10
Not to put to fine of a point on it, but if relatives I don't even know I had showed up they'd be shown the door quicker than they walked through it. Probably with their arm twisted behind their backs on the way. If they haven't taken the opportunity to be part of my family before SHTF, they choose not to be a part of it after. That might sound a bit harsh but if someone isn't your family until they need something from you they aren't family . I was taken advantage of by a friend who was couch surfing once. He couch-surfed until his rather large and heavy frame destroyed my couch. It only took a few weeks, he was a large lad. But I've never had a couch-surfer since. I learned that lesson quickly and I learned it well. It's all well and good to have a friend crash for a few nights until it's been several weeks and the first thing he says to you in the morning is "What are we eating today?" when he hasn't contributed a single dollar in the entire time he's been there, and he suggests that you buy a double bed for the loungeroom instead of replacing the couch that HE broke. Not falling for someone like that again.
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Post by Stealth on Mar 17, 2023 19:41:42 GMT 10
I think this video very neatly explains how and why the current banking crisis is a problem. Apologies to anyone that's already seen it but might help those who don't see it to be a big issue to see why this is a larger problem than just cryptobros and the super rich.
And a really interesting point is that it was direct competitors that stumped up the case to rescue SVB.
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malewithatail
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Post by malewithatail on Mar 18, 2023 7:34:54 GMT 10
Martin Armstrong had an interesting point. When a bank has a good year, its the investors that benefit from it in their shares, the customer doesn't get squat, so conversely, if the bank has a bad time of it, the shareholders should wear it, customers should have all their investment available, with interest. You cant have it both ways. www.armstrongeconomics.com/world-news/govt-incompetence/yellen-casts-doubt-of-covering-all-depositors/When geoengineering isn’t creating artificial droughts, rain falls out of the sky for free, and the rivers, streams and oceans are teeming with life and abundance (except for when we pollute them with pesticides, biosludge and plastics, of course).
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spatial
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Post by spatial on Mar 18, 2023 9:35:57 GMT 10
I think this video very neatly explains how and why the current banking crisis is a problem. Apologies to anyone that's already seen it but might help those who don't see it to be a big issue to see why this is a larger problem than just cryptobros and the super rich. And a really interesting point is that it was direct competitors that stumped up the case to rescue SVB. That was Monday, then on Thursday the banks were bailed out both US and Swiss and stocks went up. Last night it all came crashing again, and more trading halts. It is actually getting rather scary. Crash in Inter bank transfers is what caused the 2008 GFC, many banks no longer doing transactions with credit suisse.. Stagflation on the way, economy crashing but prices continue to rise. Stuck between a rock and a hard place, there is no way out..
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malewithatail
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Post by malewithatail on Mar 18, 2023 11:12:43 GMT 10
My spirit is disturbed re these banks crashes. Going through preps is helping calm it. Watch your back people, the crash when it happens, will make the 1929 depression look like a damp cigarette.
All the scarcity in the world is engineered as a means of control.
Governments produce scarcity by shutting off pipelines, shutting down farming operations, taxing productivity and deliberately causing food shortages and inflation. Money printing steals savings from everyone, creating scarcity of the purchasing value of dollars previously earned.
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tactile
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Post by tactile on Mar 18, 2023 13:11:47 GMT 10
Normally I'd say nothing to stress about...but people have been piling into gold in the last 2 days. Haven't seen it like this for a long time. Will be interesting to see if it continues next week.
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Post by Stealth on Mar 18, 2023 16:33:53 GMT 10
Normally I'd say nothing to stress about...but people have been piling into gold in the last 2 days. Haven't seen it like this for a long time. Will be interesting to see if it continues next week. Agreed. The only thing that mitigates at the moment for me is a similar thing happened when Covid first popped off as an official pandemic in July/Aug 2020. I watched closely and with interest because I thought that the metals that I used to own and have since given as gifts for large life events to family and friends over the years may have increased exponentially in value. They did... But then slowly went back down over the next 6-8 months. Put people piled in then as well and for anyone that bought during that peak I'm sure they were feeling the sting of buying high and selling low if they lacked the patience to wait the market out. That being said gold is priced higher now than its peak in 2020. The fact that my fav economist (who's a bit of a contrarian and a little bemused and frustrated by gold and silver bugs in general) has now said that he believes that it's definitely the start of the gold bubble obviously leans into my bias. But I'm inclined to think that with all the shenanigans in the markets, the banking fiasco, and several economies teetering on the edge, now is a very good time to be holding metals if you have them or can afford to get in. If you're so inclined, that is. I know metals aren't everyone's cup of tea. I'm not sure of any other decent safe haven places to convert money. Perhaps property? Although I'd argue that that's no better if there's no way to generate income from it. Might be better off just having all your cash in a box under the bed at this stage!
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malewithatail
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Post by malewithatail on Mar 18, 2023 16:55:10 GMT 10
Farming property at least will enable you to survive WTSHTF. Some cash on hand is good, as is 'stuff' to barter with. Know;edge cant be taxed or stolen, so investing in tools or plant to work the farm is also good.
Many years ago, a colleague said that in the future gold and precious metals will be useless, and indeed he predicted that the gates of Ft Knox will be thrown open as it will have little value.
Fuel properly stored will be good as well.
I suspect ammo and firearms will be good hedges against collapse as well.
“There would be little chance of recovery to pre-nuclear-war conditions in an impoverished and devastated world.”
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tactile
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Post by tactile on Mar 18, 2023 18:57:11 GMT 10
Gold is a reasonable store of wealth if you think things will hold together. If not, go with Minties or whatever you else you think the doomsday currency will be...
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Post by Stealth on Mar 19, 2023 0:12:28 GMT 10
Well Minties DO freeze dry into a pretty delicious treat that melts on the tongue a bit like fairy floss so I know at least that will fire up anyone with a sweet tooth ^_^ lol
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spatial
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Post by spatial on Mar 19, 2023 7:15:51 GMT 10
Gold is a reasonable store of wealth if you think things will hold together. If not, go with Minties or whatever you else you think the doomsday currency will be... Food inflation is sitting at +10% and will go much higher due to all the extreme weather events and wars. It is a good store of wealth. Yes if one has tens of millions to invest then it is problematic. Gold traders are reporting the busiest time they have ever had. Money is been put into Government bonds, they make another mistake thinking governments cant fail. To most people it is inconceivable that a government can collapse, but history has shown that every major empire has collapsed due to high inflation and running out of money hence unable to support military and things crumble. It is the same old process playing out and we get to live the major historic events that will one day be taught in schools and studied by historians. We live in the curse "May you live in interesting times."
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tactile
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Post by tactile on Mar 19, 2023 12:58:29 GMT 10
Well Minties DO freeze dry into a pretty delicious treat that melts on the tongue a bit like fairy floss so I know at least that will fire up anyone with a sweet tooth ^_^ lol Shhhhhh! OPSEC Stealth.
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malewithatail
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Post by malewithatail on Mar 19, 2023 16:28:59 GMT 10
"To most people it is inconceivable that a government can collapse"
Not sure a Govt will completely collapse, but an economy certainly can and will. Add in a war, either real or by proxy and it all gets very hard to determine whats going on.
Take away the Internet and society would collapse, at least for a while. Think about how much we rely on it, from ordering food and having it delivered (Coles/Woolworths), to getting the latest news stories. And its also the entertainment value of the net, surfing, looking at all sorts of things like construction failures, to the latest from the Hubble Space Telescope.
We are living in the most interesting time in history, where almost anything that one can dream up is possible.
Definition of democracy 1:when the elites choose two puppets for you to vote for and you get f....d either way.
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tactile
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Post by tactile on Mar 20, 2023 8:58:38 GMT 10
UBS buying out CS seems to have settled things down a bit - in the EU anyway. Gold is going down...for now.
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Post by Stealth on Mar 20, 2023 9:07:06 GMT 10
UBS to take over Credit Suisse for $4.8 billion in move backed by Swiss governmentSo much for my 'when small banks go under, I'll start to worry" comment. This firmly smells of panic stations and too little too late. I'll be keeping an eye on the markets as each one opens today/tomorrow to see what happens, as well as the metals market because that generally gives a really good idea of investor sentiment. I feel like it's time to start battening the hatches.
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Post by Stealth on Mar 20, 2023 9:12:22 GMT 10
UBS buying out CS seems to have settled things down a bit - in the EU anyway. Gold is going down...for now. Ha, timing with polarized opinions 🤣. But for the sake of discussion, US markets haven't opened yet. Gold is only at $100 less per oz than it's previous all time high although I'll happily admit that my graph could be off and there might have been a retraction that I haven't seen yet. Despite that with the markets not yet open any retraction could be swiftly reversed (or deepened) in the coming hours when it does open. The US market opening should give us a pretty reasonable expectation of sentiment across the board.
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Post by Stealth on Mar 20, 2023 9:25:09 GMT 10
Since our market opened, USB and Credit Suisse have both had significant value drops on the ASX, but USB even more so. Given that our market is the first to open I thought it was worth looking at although I wouldn't necessarily base an assessment purely on the ASX. But it can give us some indications of what might happen in other markets as they open and where sentiment is heading. It looks to me like the general vibe is that confidence is already starting to tank. If I were a customer of USB I'd be thinking that they just took on a whole bunch of risk and my (entirely unqualified!) guess is that that's what is going to reflect in the stock prices.
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tactile
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Post by tactile on Mar 20, 2023 9:44:58 GMT 10
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spatial
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Post by spatial on Mar 20, 2023 11:29:02 GMT 10
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spatial
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Post by spatial on Mar 20, 2023 16:12:36 GMT 10
Black Stone investment, were buying up all US houses 12 months ago. As an investment company can get capital at much cheaper rates than joe citizen, big speculation on there part... and they pushed real-estate prices much higher. Now defaulted on 1.5B USD of bonds... They are looking very shaky.. The Bond market is 3x the size of the stock market and is now completely inverted, there has never been inversion whiteout a recession hitting since the 1970's . www.gurufocus.com/yield_curve.php Blackstone’s Real Estate Shopping Spree Is Now A Mortgage Default Crisisbetterdwelling.com/blackstones-real-estate-shopping-spree-is-now-a-mortgage-default-crisis/The YTbersss.... are going ballistic with predictions of doooooooommmmm......
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