This topic contains 37 replies, has 16 voices, and was last updated by 
Beer 3 years, 11 months ago.
- AuthorPosts
Sup peeps, I decided to make this thread as a general review for current economic status in case people wanted to discuss what they have been seeing. Free for all discussion here on what’s going on and also opportunities and threats.
First on recent news: Collapse of Baltic Dry Index
http://www.zerohedge.com/news/2014-01-10/baltic-dry-index-collapses-35-worst-start-year-30-years
http://www.businessinsider.com/baltic-dry-index-hits-record-low-2008-crash-2015-1.How bad are the numbers? This bad:
Commerce between Europe and North America has literally come to a halt. For the first time in known history, not one cargo ship is in-transit in the North Atlantic between Europe and North America. All of them (hundreds) are either anchored offshore or in-port. NOTHING is moving.
https://www.superstation95.com/index.php/world/750-Much of it probably has to do with oil prices and new oil war, right after the middle east recently ratcheted up production to punish the US oil companies! Oil prices are so low its likely effecting the one industry in America that has weathered well since 2008, the oil industry.
https://uk.finance.yahoo.com/news/iran-sanctions-middle-east-stock-102835531.html– Also since it is 2016, some of you back in 2012 may have heard that this year a lot of B.R.I.C.S. trade agreements will be finalized by this year.
BRICS Finalizing EEU & the Silk Road Economic Belt Integration
BRICS Finalizing EEU & the Silk Road Economic Belt IntegrationThis currency war that began in 2006 is going to get on the ugly side now. Iran and India are dumping the petrodollar.
http://russia-insider.com/en/its-happening-iran-india-dump-petrodollar-settle-oil-payments-rupees/ri12083Just the Beginning: Iran, India Dump Petrodollar, Settle Oil Payments in Rupees
There’s more news obviously, but lets get this thread started.
I have a friend who worked <– key past tense phrase there… for a subsidiary company doing electrical work out at the Alberta Oil Sands development. We teamspeak while playing a game and he let me in on how bad it is out there.
F~~~ing horrible. Thousands are laid off, businesses are going bankrupt and the bank loans are toxic. Everyone is scrambling to get out. Problem is, the US oil development industry is on its knees as well. Fortunately for him, being a master electrician can get him a job anywhere, but not nearly the 200,000 he was making a year at Alberta. Suicide rate out there jumped nearly 40% as men who didn’t see it coming check out.
I did some research and upwards of 1.1 trillion in loans to companies formed during the boom are likely to go bad this year or early 2017. OPEC’s plan to flood the market and drive out the competition is working well.It is by caffeine alone I set my mind in motion, it is by the beans of Java that thoughts acquire speed, the hands acquire shaking, the shaking becomes a warning; it is by caffeine alone I set my mind in motion.
One economist said our economy is like an air mattress: It feels comfortable now, but there is nothing in it.
Society asks MGTOWs: Why are you not making more tax-slaves?
I know i as well as lots of other guys got laid off over the past year, its funny how everything is stacking up and going to s~~~. In my opinion we are in a depression but the government and the media keep trying to tell us everything is just peachy.
Anonymous42In my opinion we are in a depression but the government and the media keep trying to tell us everything is just peachy.
Absolutely in a depression! The only other time I saw mass abandonment of storefronts was in pictures of the great depression.
America will never be great again, every economic torpedo imaginable has been fired upon it. From banks raiding the U.S. treasury, to corporate buyouts to raid pension funds! Many of the states and cities here are loosing revenue to the excessive ABANDONMENT of PRIVATE PROPERTY! Caused by the endless ticking and tallying of debt with excessive expenditures on the “public labor union” and it’s overburdening taxation on depressed property, and depressed property owners. The hive is in self consume mode, they won’t stop the consumption until there’s nothing left to take!
The corruption is astronomical and the cause of all our sorrows and misery. The free market is dead, this republic is also dead! We’re ruled by defacto Communism (the feminists got their way). We’re now communists under the guy-wires of crony capitalism, with corrupt politicians lining their pockets with the misery and suffering of the commoner (subject citizen).
My answer to this plundering of wealth and productivity? Stop participating, keep downsizing until the beast collapses! If you have spare income, invest in solid goods like gold and silver, if not, and you’re like me (with a piece of real estate on the market $101,000.00 below taxed value) sell it at auction and NEVER INVEST IN AMERICA AGAIN! These motherf~~~ers deserve to be shot!
Anonymous11Come on guys! Obama is in charge and everything negative is just an illusion. /sarc
I’ve noticed a trend in my town. Restaurant traffic is very much lower while grocery store traffic is increased. More restaurants are beginning to close their doors on Monday nights and another just added Tuesday and jacked up their prices.
My friend and I were having a discussion about how the various steak restaurants are all serving crappy pieces of meat now. I can do better in both price and flavor by going to the local low end grocery store and buying a manager’s special. I can do even better by going to the high end store and buying a prime cut of beef and still come out cheaper.
My former corporate pig employer just sacked about 10 senior managers right before Christmas. I know how they feel. One of my clients closed his business down last year and just moved to a cabin in the mountains. Another one is in an area where the economy is not doing as well so they are much less in need of my services. A couple of others are only calling me when necessary.
My overall revenue has fallen 25% YOY this past year versus 2014 and this supposed 1.2% inflation seems to be more like 12 to 15%. for me.
I’m in the process of entering into two more streams of revenue separate from what I normally do plus I am chopping expenses like a serial killer. This past year I’ve had to start hitting my savings to make ends meet.
My roof recently got punctured by a tree limb during a hard blow. I got my ass on YouTube where I learned how to remove the shingles. I fixed the deck and replaced the shingles. $10 in materials and maybe 1 hour of labor. No leaks, and you cannot even tell I fixed it. Of course, keeping the ten extra shingles from when I had the roof redone helped too.
No clue what a roofing contractor would have charged, but I’m guessing $200 to $300 with the government getting its greedy cut.
We’ve been in the eye of the storm the past few years thanks to Fed money printing. The Northeast quadrant is getting ready to slam us hard once that eye wall passes. The Northeast quadrant is the worst part of a Hurricane in the Northern hemisphere.
OMG MY POST IS FINALLY UP….
In other news….– Economic emergency declared in France
https://www.rt.com/business/329320-france-emergency-employment-hollande/Excerpt:
French President Francois Hollande has announced what he called “a state of economic and social emergency” involving a €2 billion plan to revive hiring and catch up with the world’s economy.
“Due to the threat of terrorism in the past, we had to introduce a state of emergency. But amid global chaos and an uncertain economic environment, it’s appropriate to talk about a state of economic and social emergency. Employment is the most important question after the security of French citizens,” TASS quotes Hollande as saying.
Come on guys! Obama is in charge and everything negative is just an illusion. /sarc
Yeah, funny how he just had a State of the Union address saying everything is just wonderful. Now that everyone is paying attention to the data it’s clear we’re in a recession. I’m so glad this actually fell apart on his watch instead of pushing the blame on the next president.
My friend and I were having a discussion about how the various steak restaurants are all serving crappy pieces of meat now. I can do better in both price and flavor by going to the local low end grocery store and buying a manager’s special. I can do even better by going to the high end store and buying a prime cut of beef and still come out cheaper.
F~~~ ain’t that the truth. I didn’t post on the tipping topic because I’ll type 10 pages, but I HATE tipping. It’s a big reason why I don’t go out anymore. The service in America is absolutely abysmal – and then you have to pay extra for it on top of the price of the food. I’m in a minority thinking restaurants should add value, like cooking something better than I could myself. Instead it’s just lazy warmed over s~~~. Factoring in gas, time taken to go there (and wait), and price, I can do it faster, cheaper and better myself. And I can’t cook for s~~~. I feel bad for restaurants closing, and yet…
So on topic, I’m interested to see what the Fed is going to do next to ensure our brave new world of “stability and prosperity”. You know, the s~~~ they used as an excuse to create the fed? Low interest rates have seriously screwed everything up, and now everything is f~~~ed while interest rates are already at zero. I would hope they would leave it alone to heal at this point, but I imagine there will be yet another screwed up Keynesian economic stimulus to “fix” everything.
Price is what you pay, value is what you get. -- Ben Graham
Anonymous42I’ve noticed a trend in my town. Restaurant traffic is very much lower while grocery store traffic is increased.
I noticed a trend too, lots more people ice fishing than ever before, more hunting too.
I’m thinking about farming my own fish, I have a perennial brook that could keep a fishpond fresh and clean.
I farm vegetables every year now. I cut and split cord wood for my heating needs in my garage (house next year), I burn motor oil and plastic in my rocket stove.
I’m getting milk goats and making cheese with my neighbor.
I’m planting more fruit trees.My friend and I were having a discussion about how the various steak restaurants are all serving crappy pieces of meat now.
Try and find fish from American waters??? Everything is imported now (fukufish), where is our fish being sold? Hmmm?
One of my clients closed his business down last year and just moved to a cabin in the mountains.
Hey C-Pig, I recently advised a man on how to squat on a house in Northern VT, it has river tributary where the fishing is unspoiled, and the game is everywhere, he got f~~~ed into poverty by his X (you guessed it) wife! He lost the house, kids, business, mind, the usual…..
Anyway he’s on the government dole and gets a survival supplement.I am chopping expenses like a serial killer. This past year I’ve had to start hitting my savings to make ends meet.
Me too, I’ve been selling my various collections to keep paying the bank what little money I owe them. Making a loan is something the banks no longer do for people with allot of equity, A1 credit, but down on income. F~~~ the banks! F~~~ the
bankersbankstersGANGBANKSTERS!!!No clue what a roofing contractor would have charged, but I’m guessing $200 to $300 with the government getting its greedy cut.[/quote]
I have learned to continue operating my life while slashing expenses through the bone! Instead of repairing My F-350 to continuing plowing myself out, I sold it and finished an old gravely 450 project I had going. I’m saving lots by killing of my businesses that sat dormant, but with all the expenses of running (registrations, insurances, permits, the usual) I’ve been selling all my construction equipment for years now, still have more to go.. I stopped paying property taxes too, f~~~ it, this country is crippled! Comes down to it, I’m willing to get a burning permit and turn everything into ashes, then walk away….. Can’t get me for arson, I don’t pay insurance either, It’s
minegynocentraliasfreedebt slave andclearencumbered!
I’m glad I love life more than money! They’ve made money the root of all poverty!Congratulations Gynocentralia, you bought the farm! You destroyed honorable men, you made manginas, White Knights, the
welfare system“farewell system”.
Congratulations, you hit the WALL®, now pick up your broken teeth and go away!!!I don’t think oil has bottomed out yet either for two reasons. One, all of these middle eastern countries that are totally dependent on oil. If you need $100 to run your economy and oil is $50 a barrel, you produce two barrels. If the price drops to $25, you produce 4. But either way, you need $100. So, as the price drops you answer by increasing supply, which drops the price. That’s a race to the bottom.
The second factor is that major buyers like the airlines by their fuel on futures contracts. So they have still been paying $60 or so a barrel on those contracts. When those contracts come due, they will renew for much lower prices. Good for the airline, bad for the oil company. Oil company revenues have not bottomed out yet.
What p~~~ed me off about Obama’s speech was how he bragged out $2 gas. Sure, I like it when I’m filling up at the pump, but it has put waves of people out of a job. And stands there taking applause for that? What an idiot.
And China screwed themselves by tying their currency to the US dollar. What they didn’t factor in was that the dollar would rise against every other currency. Sure, they kept their price stable in exports to the US, but they have gotten more expensive the rest of the world. Now their exports have had a major slow down.
We have not hit the bottom yet unfortunately. Personally, I went to almost 100% cash in my retirement account a couple of months ago. It will most likely stay that way for an extended period of time.
Order the good wine
Eye opening info on the ESF~ Exchange Stabilization Fund
Canuks of course being hit with more currency inflation effecting food prices.
NEVER INVEST IN AMERICA AGAIN! These motherf~~~ers deserve to be shot!
Its sad, but true. I really want to buy a house but I’m not doing it given the current path this country is headed down, I’m not going to pay an extra 4k a year in taxes to support a system I despise.
It also scares the pants off me at how popular Bernie Sanders is. His healthcare plan alone would push payroll taxes on middle class wage earners into a 50%+ tax bracket.(12.4% SS, 2.9% medicare, 28% marginal rate, another 8.8% for his healthcare plan…52.1% tax bracket…no f~~~ing thanks!) If he actually funded all his ideas it would be even worse…and that isn’t even counting what we pay in property, sales, and state income taxes.
I live like a miser and invest in large global corporations that pay dividends. Every quarter I collect more and more dividends and keep reinvesting them and investing additional money. The more jobs we can chase over seas with our ridiculous tax rates the better…the less it will hurt me when our system collapses under the weight of its own stupidity.
Come on guys! Obama is in charge and everything negative is just an illusion. /sarc
Is it still racist to criticize the guy or after 7 years of failure are we allowed to?
Anonymous42Bernie Sanders, (Vermont) you should see the condition of the state of Vermont, widespread deterioration of private property is the norm, lots of abandoned farms, mills,factories, and homesteads. The politics make life a struggle for most it’s people. The atmosphere is business unfriendly, in Lebanon New Hampshire (just over the Connecticut river)it’s sprawling with malls, shopping centers, and hustling with bushiness (no sales tax) while on the Vermont side is nothing but forest! Liberal f~~~tards will always ruin any local or national economy!
With Bernie Sanders as president we can expect allot more forestation of America, because that’s what happens when any society collapses, the forest or jungle takes over…We really are heading into the abyss. The world economy may salvage a few more years from central bank planning but the hinges will come unglued.
Every aspect of our economy is diseased
No wage growth
Food price inflation along with utilities
rampant consumer debt
rampant corporate debt
Rampant government debt
High risk, low yield investment
currency wars
Trade wars
hot warsAnd on and on it goes.
The fed has boxed itself into a corner to which there is no way out.
They can’t raise interest rates much higher than a paltry 25 basis points because consumers and corporations will not be able to service their debts. Defaults on junk bonds will send the stock market crashing.
If they send interest rates in negative territory (highly likely) or announce more QE, they will simultaneously prove to the world that they don’t know what they are doing and they will completely destroy what is left of the saving investment community while also heating up the war on banishing cash to make the bank balance sheets even. Furthermore, NIRP will encourage further malinvestment in a world economy already plagued with this problem.
Add to all this the devastating effects of low oil prices and you simply are out ways to manipulate further without war.
At this point I honestly don’t know how this is going to go. I feel like the dollar is going to slowly decline over the next few years, it’s not going to be a huge crash. I wouldn’t be surprised if part of the current decline is regained later in the year, but at the beginning of next year it will dip lower than ever, and so continue. But I have definitely noticed rising prices in local stores despite the fact that gas is under $2.00/gallon here. Our economy is very much tied to the Canadian dollar as Canadians shopping across the border make up almost 40% of sales here.
But things still aren’t bad enough that people are panicking. I don’t know at what point people realize we’re on a sinking ship… but until then I’m going to keep my head down, keep saving, and keep mapping out my own perfect little home away from home out in the woods in case things ever get bad enough I need to get out of town.
At this point I honestly don’t know how this is going to go. I feel like the dollar is going to slowly decline over the next few years, it’s not going to be a huge crash.
That is what I’m thinking as well. Its the end game of globalization and free trade agreements. It was never meant to bring more wealth to America, it was meant to outsource our wealth. As long as we continue down our current path we’ll see a gradual decline in the average persons standard of living. The rich aren’t going to notice it much, and the poor won’t as they’ll just continue to get taken care of by the government, but the middle class will be feeling the pinch.
My mitigation plan at this point is to invest in companies that do business globally. Just because things slow down a little domestically doesn’t mean they won’t be picking up elsewhere, and depending how bad things do get here I’ll be well positioned to just pack up and leave whenever I feel like it.
But things still aren’t bad enough that people are panicking. I don’t know at what point people realize we’re on a sinking ship… but until then I’m going to keep my head down, keep saving, and keep mapping out my own perfect little home away from home out in the woods in case things ever get bad enough I need to get out of town.
Diversify your savings. Be wary of a currency switch which is a common way modern countries skip out on debts which wipes out your savings. Mexico did the same thing around 15-20 years ago. I recall a family living near me told me that one day they had 5,000 pesos in the bank, and the next couple of days that same money was revalued to just 500.
Do not dismiss those saying buy silver and gold. BRICS is going after the hegemony of the FRN as a world reserve currency.
This is all due to globalization, but hey let’s double down on it! You’re just an Always on disinformation spigot ain’t you. Well they don’t call it the dumb money for nothing.
What are the alternatives?
I can invest all my money in gold and silver which historically has been an inflation hedge and not given any gains.
Or I can outright refuse to invest in any company that does any business abroad because globalization bad…which pretty much eliminates probably 95% of stock you could buy lol.
No thanks, I’d rather invest my money in companies that are doing business and expanding globally. Over the next 50 years when I’ll be worried about my returns, these companies are going to have more growth potential globally than a purely domestic company in a stagnating America.
Its not that I think globalization has been, or will be a win for Americans, its that I’m simply going to play the game to put the most money in my pocket. Rather than politely call me stupid, why don’t you tell me what is so wrong about that logic?
- AuthorPosts
You must be logged in to reply to this topic.
921526
921524
919244
916783
915526
915524
915354
915129
914037
909862
908811
908810
908500
908465
908464
908300
907963
907895
907477
902002
901301
901106
901105
901104
901024
901017
900393
900392
900391
900390
899038
898980
896844
896798
896797
895983
895850
895848
893740
893036
891671
891670
891336
891017
890865
889894
889741
889058
888157
887960
887768
886321
886306
885519
884948
883951
881340
881339
880491
878671
878351
877678
