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Page added on December 8, 2018
The ‘Everything Bubble” Has Popped
Now that the world’s central banking cartel is taking a long-overdue pause from printing money and handing it to the wealthy elite, the collection of asset price bubbles nested within the Everything Bubble are starting to burst.
The cartel (especially the ECB and the Fed) is hoping it can gently deflate these bubbles it created, but that’s a fantasy. Bubbles always burst badly; it’s their nature to do so. Economic suffering and misery always accompany their termination.
It’s said that “every bubble is in search of a pin”. History certainly shows they always manage to find one.
History also shows that after the puncturing, pundits obsess over what precise pin triggered it, as if that matters. It doesn’t, because ’cause’ of a bubble’s bursting can be anything. It can be a wayward comment by a finance minister, otherwise innocuous at any other time, that spooks a critical European bond market at exactly the right (wrong?) moment, triggering a runaway cascade.
Or it might be the routine bankruptcy of a small company that unexpectedly exposes an under-hedged counterparty, thereby setting off a chain reaction across the corporate bond market before the contagion quickly spreads into other key elements of the financial system.
Or perhaps it will be the US Justice Department arresting a Chinese technology executive on murky, over-reaching charges to bully an ally into accepting that unilateral US sanctions are to be abided by everyone, regardless of sovereignty.
How was it that the famous Tulip Bulb bubble came to a crashing end back in the 1600’s? No one knows the exact moment or trigger. But we can easily imagine that in some Dutch pub on the fateful night on the Feb 3rd1637, a bidder on the most-coveted of all bulbs, the Semper Augustus, had an upset stomach and briefly grimaced when hit by a ripping gas pain:
Interpreting this face as distaste for the opening bid price, the assembled crowd may have suddenly realized the absurdity of paying so much (enough to clothe and feed a family for more than half a lifetime) for an ungrown flower. The bids were pulled, and the rest is history.
The point is: it doesn’t really matter what the pin actually is. The fatal trigger is often something completely unexpected and impossible to have predicted. So obsessing over what will end the Everything Bubble is a fool’s errand.
Rather than the “pin”, what’s important to focus on is the “pop” — what the aftermath will be. The duration and height of a bubble is directly correlated with the scope of the destruction its bursting will wreak, as is the number of asset classes that get caught up in the mania.
It’s much wiser to spend our time focusing on where the damage is going to occur, what path it’s most likely to take, and how bad the losses will be — so that we can position ourselves accordingly in advance for safety and, for the more adventurous, profit.
We’ve never seen anything like the current bubble we’re in. Stocks, bonds, real estate, fine art, you name it — nearly everything has been inflated to all-time highs. When this Everything Bubble pops, the pain is going to be epically calamitous.
And it’s increasingly looking like the “pop” has sounded.
Greed & Fear
Every bubble requires two essential inputs to fuel its rise:
- a compelling story
- ample credit
If either is missing, no bubble.
Price bubbles are not financial phenomenon, but rather psychological constructs born and nurtured in the human brain stem. Greed and fear — that’s what drives bubbles.
Greed on the way up and then fear on the way down. But neither has much influence without a tempting yarn and a lot of easy credit.
Attempting To Replace The Business Cycle With A Credit Cycle
In their quest for power and glory (and accompanied by a dead-flat learning curve), the world’s central banks are now pursuing their third, largest, and most ill-considered attempt to defeat the business cycle by replacing it with a credit cycle. The fact that the prior two credit cycles blew up spectacularly doesn’t seem to be deterring them in the slightest.
A rather minor business cycle slowdown in 1994 was fought with a tidal wave of new credit under Greenspan. That ultimately resulted in the Dot Com Bubble crash of 2000, but the lesson went unlearned.
Instead the Fed concluded that the idea was sound, but was simply not taken far enough. The elite cheerleading squad, captained by Paul Krugman, fully supported a doubling down, and the media unquestioningly went along with the program.
So Greenspan and Bernanke created the Housing Bubble 1.0 by offering the world’s credit markets a price of money so low it couldn’t be refused. Housing was the story, and the Fed supplied the credit. As predicted by a scant few of us, that all blew up spectacularly in 2008. And no constructive lessons were drawn from that experience, either.
With the political aircover to “save the system” (from the problems that it created!), Bernanke, Yellen, Kuroda and Draghi then led the most aggressive, coordinated central bank bender in all of human history.
$Trillions and $trillions were printed up, and many times that amount were leveraged and loaned throughout the banking and speculative finance universes:
(Source)
If you can’t clearly see how the above chart explains the massive price inflation over the past years in stocks, bonds and real estate, you’ll have no chance of understanding what’s coming next. Best of luck to everyone choosing to avoid paying attention to this critical information; you’ll dearly need it.
Paying attention or not, here we all are; stuck together in a world awash with credit. $250 trillion in debt. 4 times that amount in unfunded liabilities. And a mind-bogglingly massive amount of tangled financial derivatives roughly the same size as both those debts and liabilities put together.
The Greed Is Now Gone
All that credit had to go somewhere. And it did.
Rare art fetched record-breaking prices. As did top-end trophy properties the world over. Rare cars and large gemstones commanded the highest prices ever seen. Stocks were bid up to ridiculous Price/Earnings multiples. And the Housing Bubble 2.0 returned to many metros around the globe — housing has never been more unaffordable to more people than it is now.
Can you feel it? How greed is now giving way to fear?
Sure, you probably know people who are hanging onto the Wall Street marketing slogans (“Buy the dips…hang on…don’t panic…successful investors don’t sell into weakness, they buy more!”). But the party atmosphere is now over.
Just ask anyone who bought a house in Seattle in June (now down 11%). Or FAANG stocks in July (down 20%+). Or cryptocurrencies in January (down 80%+).
We’ve seen more downside volatility in the financial markets this year than in all of 2012-2017.
Until and unless the central banks reverse their current tightening course, everything is headed lower.
And I mean everything.
How bad will it get? Honestly, pretty damn bad. Worse than 2000 and worse than 2008.
The credit cycle is just that much larger this time.
It’s the airgap between the economic value added (EVA) lines below and the spiked tops above that defines the amount off pain involved in the unwinding. This chart clearly shows the reckoning is going to be on a scale we’ve never experienced before.
Which is why our our advice continues to be protect your money, develop all 8 Forms of resilience (especially Emotional), and prepare to be a source of support for shell-shocked neighbors and loved ones.
The “Big One” Is Here
The recent market volatility is just the beginning of the downslide.
There will be many starts and stops along the way, but coming soon will be a shock that wakes people up and scares them badly.
Perhaps it will be another institutional failure like Lehman Brothers. Or maybe a sovereign default. Or even a central bank failure (yeah, I’m looking at you Swiss National Bank!).
Just “printing less” is causing the major stock indexes to stumble, while plunging the peripheral emerging markets into bear market territory.
What’s going to happen when the central banking cartel is in net “money withdrawal” mode? Will today’s teetering markets be able to withstand that headwind?
We won’t have to wait long to find out. We should hit that milestone in the next quarter.
For now, the Fed and ECB lack the political capital to resume printing anytime soon. The Bank of Japan hardly has the muscle to muster anything more than temporary speed bump on its wind-down. And China increasingly has less and less motivation to help the US financial elites by rescuing their markets for them. Besides, the Chinese authorities have their own massive collapsing bubbles to contend with right now.
And to add insult to injury, recession indicators are piling up faster and faster now. 2019 is looking primed to be The Year That Mass Layoffs Returned. Should that be the case, the resultant slowdown in consumer spending is certainly not going to help matters.
Against this backdrop, how far could the markets fall from their current prices? Easily 30% to 50%. And that’s if we’re lucky.
Chris Martenson via PeakProsperity
110 Comments on "The ‘Everything Bubble” Has Popped"
onlooker on Sat, 8th Dec 2018 2:13 pm
Alot of Bubbles of diverse kinds will be popping in coming times
I AM THE MOB on Sat, 8th Dec 2018 2:25 pm
Russia essentially is at geological peak oil. They are keeping production up by doing what the Chinese did – massive infill and creaming. At a certain point they need to either open replacement giant fields (no real prospect of this) or decline.
IEA: Russia’s oil output to reach its peak in 2020
http://vestnikkavkaza.net/news/IEA-Russia%E2%80%99s-oil-output-to-reach-its-peak-in-2020.html
Cloggie on Sat, 8th Dec 2018 2:48 pm
IEA: Russia’s oil output to reach its peak in 2020
You are such a dishonest moron and manipulator. If you care to open the link and begin to read, it says…
Russia’s oil and gas condensate production will grow in the next few years, peak in the early 2020s and then begin to fall due to the sanctions and the industry’s taxation scheme, the International Energy Agency (IEA) said in an oil market report.
The IEA said that a tax reform in Russia’s oil industry, including the so-called tax maneuver and introduction of an additional income taxation system, could become the key drivers of oil production growth in the long-term, Prime agency reported.
This is absolutely the opposite of what you claim, you lying freak, namely due to a “geological peak oil”.
F* you, you miscreant.
I AM THE MOB on Sat, 8th Dec 2018 3:39 pm
Clogg
The difference between me and you is I can tell no lie..They haven’t discovered any large fields since the soviet days..
Russia’s Peak Oil Production Could Be Just Three Years Away
https://oilprice.com/Latest-Energy-News/World-News/Russias-Peak-Oil-Production-Could-Be-Just-Three-Years-Away.html
I AM THE MOB on Sat, 8th Dec 2018 3:43 pm
How Donald Trump Shifted $1.1M Of Campaign-Donor Money Into His Business
https://www.forbes.com/sites/danalexander/2018/12/06/how-donald-trump-shifted-11m-of-campaign-donor-money-into-his-business/?utm_source=FBPAGE&utm_medium=social&utm_content=1963716344&utm_campaign=sprinklrForbesMainFB#116578af4d34
He is taking those low IQ deplorables for everything they are worth..And they love him for it..
LMFAO!
Cloggie on Sat, 8th Dec 2018 3:52 pm
Example professional sustainable farming:
https://deepresource.wordpress.com/2018/12/08/sustainable-farming/
makati1 on Sat, 8th Dec 2018 5:33 pm
MOB doesn’t have the intelligence and education to understand anything complicated, Cloggie. An immature snowflake living in Mom’s basement. A nothing. If he was what he claims, he would be working and saving for his future, not living on the internet all day.
Davy on Sat, 8th Dec 2018 5:47 pm
“MOB doesn’t have the intelligence and education to understand anything complicated”
He sure puts you in your place so what does that say about you billy?
TheNationalist on Sat, 8th Dec 2018 8:06 pm
Except the bloody cyst on my chest. It’s a bastard of a thing, it will be an antibiotic over prescription next in desperation.
Cloggie on Sat, 8th Dec 2018 8:08 pm
Well I for one think the bubble has burst and it’s all downhill from here. Technology will not fix it. My bunker is finished!, it’s complete with 2 former pornstar midgets for entertainment and a couple of goats in reserve,
Tootle Pip
TheNationalist on Sat, 8th Dec 2018 8:12 pm
My apologies for impersonating and taking the piss out of you guys now and again. I couldnt help myself, you all are so serious!
I would not want to be in a survival situation with any of you thats for sure.
Meanwhile here in Australia the bubble has fucking exploded. The “housing miracle” has finally popped which was the last thing holding up the ‘lucky country’.
For those of you who don’t know what Australia is, it is not Austria, we have nothing to do with Arnold Schwarzenegger!
Davy on Sat, 8th Dec 2018 8:22 pm
“He sure puts you in your place so what does that say about you billy?”
I love MOB now. He’s my hero.
This is JuanP on Sat, 8th Dec 2018 8:26 pm
Davy on Sat, 8th Dec 2018 8:22 pm
“He sure puts you in your place so what does that say about you billy?”
I love MOB now. He’s my hero.
Once every six months or so I wash my underwear. Tonight is that night. It’s a lot of work and I don’t have time to be castrating all of you stupid dumbasses.
Davy on Sat, 8th Dec 2018 8:32 pm
Juan, mob says something you are just a dirty drama queen. You are a little cunt who has no ideas to talk about so you play dirty and cheat. I imagine you might be having problems at home? You don’t do shit anymore but obsess over me. What a life that is. Did your wife leave you? No gardens to tend?
makati1 on Sat, 8th Dec 2018 8:42 pm
Davy, the rantings of a worthless snowflake on his momma’s couch is hardly anyone who’s opinion matters. Nor are the delusional rantings of a Missouri jackass.
makati1 on Sat, 8th Dec 2018 8:57 pm
Nationalist, I think the best thing Australia can do is dump the US and buddy-up with China. How can you hope to have any real connections to a country 8,000 miles away that is going to lose it’s navy on the first week of a real war? Australia will be on its own.
Your financial investment is already with China, not the US. You should get involved with your neighbors, not the warmongering US. All they want to do is use you as a battlefield for their wars of choice like Iraq, Afghanistan, Syria, etc. You and New Zealand are betting on the wrong horse, I think.
Even tiny Philippines is moving towards China and Russia and away from the US. President Duterte is smart enough to see that the US wants to get the Philippines into a war with China to keep it from US shores.
GetAVasectomyAndLetTheHumanSpecieDie on Sat, 8th Dec 2018 9:04 pm
This is what yellow vest want. I took the following comment from a yellow vest in this video https://www.youtube.com/watch?v=zK7nD6xXfLc
Here is the comment from yellow vest. Seem to make sense
Yes we are (This is a bit long but worth it) Hi, I am a French protester and my younger brother is a policeman so I can tell you a little about this all. Less than 30% of French citizens actually voted for Macron but because of the way elections are held in France, he had the job anyways. Some big private companies payed loads of money to get him to the media and get him elected because he was a banker for Rothschild and a tax inspector, hence, he knew really well the tricks to help them avoid paying taxes. And it worked ! There about 80 billion euros missing in the vaults so the government, as usually proven these last 35-40 years has once more decided to go pick peoples pockets. They pretended they would have to raise the “carbon tax” in order to make it and a few days later, everyone learned that they planned on spending 400 millions less than last year on the protection of the environment. Then we snapped. We are not going back to our homes until they all resign. Our only goal is to modify the constitution so that a referendum of popular initiative is created. It means that we want any citizen to be able to propose the creation or end of any law through petition, so long as he can gather 1% of the country’s populations signatures (~ 700 000). As soon as enough signatures are gathered, the government will have to propose a national referendum in order to modify the law under 6 months or would have to resign as a whole and propose new elections. This disposition is a means for us to modify whatever unjust law there are now and make it through the changes we really want (higher wages, higher pensions, less privileges and smaller budget for politicians, for example, each ex president costs about 25 millions euros every year, or, deputies (chairmen) and senators cars or even burials are payed by tax money etc…) so this is it, we want justice and are going to make it ourselves because we don’t believe in politics anymore and realise that if we don’t protect our rights, nobody else is going to do it for us. If you have any question, fell free to contact me, I will share with you with great pleasure.
makati1 on Sat, 8th Dec 2018 9:10 pm
SIX corporations control what you read and hear in the US but did you know:
“These 11 Consumer Goods and Food Companies Control What You Buy”
https://www.zerohedge.com/news/2018-12-08/these-11-companies-control-everything-you-buy
Yep! Real freedom to choose. Corporatocracy, not democracy. LOL
Davy on Sat, 8th Dec 2018 9:20 pm
“You are a little cunt”
Sorry everyone. It was only a matter of time before I regressed to such degenerate behaviour. I hope my ‘wife’ doesn’t read this shit. I’d be in for a good ass kicking or worse.
Note to self:
Lock up all the kitchen knifes before going to bed. I wouldn’t be the first to be castrated in the middle of the night.
TheNationalist on Sat, 8th Dec 2018 9:24 pm
The British hold more land here than the Chinese and they don’t have their purchases blocked whenever they are near old Nuclear testing grounds like Woomera.
Being American you probably can’t help but be spiteful of the British Empire and Europe.
We should get more Nukes of our own, then we can tell the Chinese and the U.S. to fuck off!
Like a sunny North Korea! That would be awesome!
P.S. Asia is a different world to Australia, a few extra hours sipping beer and reading a good book on a jet and I am in the cradle of western civilisation, which has better air quality and is not a communist police state, always a bonus I must say.
Эй, братья, пожалуйста, ударьте антиамериканскую собаку, которую я сделал из гранитного форума on Sat, 8th Dec 2018 9:58 pm
the forum ruined by dirty juan and aswang is mum
dirty juan playing game and bargain for more beans, beyond the 100lbs i gave him. i’m not budging.
This is JuanP on Sat, 8th Dec 2018 10:42 pm
Эй, братья, пожалуйста, ударьте антиамериканскую собаку, которую я сделал из гранитного форума on Sat, 8th Dec 2018 9:58 pm
the forum ruined by dirty juan and aswang is mum
dirty juan playing game and bargain for more beans, beyond the 100lbs i gave him. i’m not budging.
This is JuanP on Sat, 8th Dec 2018 10:43 pm
Davy on Sat, 8th Dec 2018 8:32 pm
Juan, mob says something you are just a dirty drama queen. You are a little cunt who has no ideas to talk about so you play dirty and cheat. I imagine you might be having problems at home? You don’t do shit anymore but obsess over me. What a life that is. Did your wife leave you? No gardens to tend?
Go Speed Racer on Sat, 8th Dec 2018 10:54 pm
The Investors are going to get cleaned out.
I think it’s called a bubble bath.
makati1 on Sat, 8th Dec 2018 11:02 pm
Nationalist, but the days of flying all over the world cheap is dying along with the West. Your country is worse than the Philippines. Climate change is drying it up. The heat is starting to kill people. Look at the Southern Hemisphere and see who is hottest.
https://earth.nullschool.net/#current/wind/surface/level/overlay=temp/orthographic=126.60,-9.52,435
Funny, I don’t see that red anywhere else. Not even in South Africa. 110F in some places. That must be difficult to grow food in. Or even live without A/C.
“Australia’s top 10 trading partners are China, Japan, the Republic of Korea, the United States, Germany, New Zealand, Singapore, Taiwan, United Kingdom, and Malaysia. ”
https://www.reference.com/geography/australia-import-export-962b6b4911f349a3
Hmm. Six of the top 10 are Asian countries. The top 3 are Asian. Sounds like you depend on Asia more than the West for your stuff. But hey, you don’t need those dirty, poor Asians, do you? Arrogance will make you a beggar someday. Wait and see. LMAO!
Dooma on Sat, 8th Dec 2018 11:51 pm
It is about bloody time that our property bubble burst. Things were getting completely out of hand. TheNationalist, did you know that Tassie is bucking the trend though. Interesting. Negative equity will bring pain to many. Lucky the RBA tightened up lending restrictions when they did.
David! How dare you say the ‘c’ word. I don’t care for that kind of foul language.
Next time these board members get your goat (pun intended), curse as a Warner Bros cartoon character would.
This is JuanP on Sat, 8th Dec 2018 11:53 pm
“dirty juan playing game and bargain for more beans, beyond the 100lbs i gave him. i’m not budging.”
That’s why they call me the missouri mule dumbass.
Dooma on Sun, 9th Dec 2018 12:00 am
Settle down Mak; he is just winding you up. We are part of Asia. Once we were almost an island of Japan.
The fact of the matter is that we either do business with China or they will just come over and take the whole place anyway.
And yes, it gets stinking hot over here. Maybe put it down to climate change, but it is also becoming more humid down south which traditionally was always a dry heat in summer.
Cloggie on Sun, 9th Dec 2018 12:37 am
“The fact of the matter is that we either do business with China or they will just come over and take the whole place anyway.”
I remember that one of the first things TheNationalist said was that he was a “Brit” (or “Briton”, can’t remember).
Sounds like a plan B to me.
I know, the UK is overcrowded and the climate sucks, but not as bad as it used to be.However, there is no place like home.
https://goo.gl/images/anZ2u7
“The clock ticks nowhere, as it ticks at home”
makati1 on Sun, 9th Dec 2018 1:29 am
Dooma, Yes, I know some of Australia’s history. I would prefer a hot, moist climate. After all, I did pick the Philippines to retire, but it rarely gets near 100F and is usually less than the high 80s. More problems with mold and such, but perhaps a jungle is better than a desert? Either way, we don’t have a choice other than to move. Every place has its negatives. The question is: Which do we prefer?
I AM THE MOB on Sun, 9th Dec 2018 1:42 am
billy3rd world, the Philippines is an over-populatted shithole, deep in overshoot. When it collapses, you will come running home with your tail between your legs, old man.
Parasitic Retard on Sun, 9th Dec 2018 2:42 am
Эй, братья, пожалуйста, ударьте антиамериканскую собаку, которую я сделал из гранитного форума on Sat, 8th Dec 2018 9:58 pm
As this is the time of year for charity and giving, I deserve your money. I don’t like to work and the money I get from you through the taxes you pay does not afford me the life of luxury I deserve. How do you expect me to live a comfortable life on just Social Security Disability Income (due to my social retardation), Medicaid (not Medicare), Food Stamps, Housing allowance, and last but not least mommy’s house and food.
Give me more of your money. I deserve it damnit.
Эй, братья, пожалуйста, ударьте антиамериканскую собаку, которую я сделал из гранитного форума on Sun, 9th Dec 2018 2:46 am
Yeah, Merry Christmas to you and all that other crap.
The reason I’m writing is to tell you that the benefits I receive from your taxes is not enough to afford me the lifestyle I deserve. Look at the many contributions I make to this web site.
How do you expect me to live a comfortable life on just Social Security Disability Income (due to my social retardation), Medicaid (not Medicare), Food Stamps, Housing allowance, and last but not least mommy’s house and food.
I don’t like to work and you all are a bunch of cheap bastards.
Эй, братья, пожалуйста, ударьте антиамериканскую собаку, которую я сделал из гранитного форума on Sun, 9th Dec 2018 3:18 am
Above not supertrad obv.
makati1 on Sun, 9th Dec 2018 4:17 am
MOB, your ignorance and brainwashing is blatant. Keep swallowing those stupidity pills and drinking that government koolaid. All that keeps the US from going down the bankruptcy chute is the Fed printing press and it is squealing and smoking as it burns out. Not so the Philippines which is still growing at a 6+% rate while the US is struggling to get 2% and has to lie to get that.
The US is dying. No ‘overshoot’ needed. Debt is growing like mold on old bread. Stress is ballooning like the deficit and showing up in the drug overdose and suicide deaths that are growing by increasing numbers daily.
You can lay on that couch and try to bullshit those who are stupid, like yourself, but you cannot impress those who are actually experienced and intelligent. Who live in the real world and are not scared like you are. Who are dealing with reality and preparing for the future. You cannot do that if you are an unemployed bum.
Someone who starts out telling everyone his answer to stress is suicide, is never going to be taken seriously, no matter what degree he pretends to have. Your words show everyone what you are, snowflake. An immature, pretender with no future. You are Davy in 20 years, IF you last that long. The US won’t, but the Philippines will be here and, likely, so will I.
I AM THE MOB on Sun, 9th Dec 2018 4:23 am
Mak
You will be the first to get whipped out when the collapse hits..And you will cry like a little bitch when it happens!
makati1 on Sun, 9th Dec 2018 4:26 am
“US Actions Foster De-dollarization”
“After the world financial crisis of 2008-2010, the process of de-dollarization began in the world economy. Increasingly more countries around the world, especially in Asia, are striving to decrease their use of American currency in their foreign trade….
It is surprising that the United States itself has, in recent years, commenced to push various countries to de-dollarization by threatening their opponents with sanctions for conducting economic operations, in which, until recently, dollars were the primary currency….
Most experts believe that the switch to national currencies in Russia’s economic relations with China and India could change the world finance scene. The decision to eschew the US dollar by three powerful and wealthy countries could lead to a notable drop in the dollar’s exchange rate and, with time, to the end of its hegemony in the world economy.”
https://journal-neo.org/2018/11/23/us-actions-foster-de-dollarization/
The US is committing suicide and is isolating itself from the rest of the world.
makati1 on Sun, 9th Dec 2018 4:26 am
MOB,
Mick on Sun, 9th Dec 2018 4:29 am
Man this site has gone to the shitters since I last been in here full of trolls and psycho’s. gsr how’s the sofa burning business doing?
JuanP identity theft on Sun, 9th Dec 2018 4:29 am
“Davy on Sat, 8th Dec 2018 9:20 pm “You are a little cunt” Sorry everyone. It was only a matter of time before I regressed to such degenerate behaviour. I hope my ‘wife’ doesn’t read this shit. I’d be in for a good ass kicking or worse. Note to self: Lock up all the kitchen knifes before going to bed. I wouldn’t be the first to be castrated in the middle of the night.”
Davy on Sun, 9th Dec 2018 4:35 am
“You are Davy in 20 years, IF you last that long. The US won’t, but the Philippines will be here and, likely, so will I.”
Billy, you have no health insurance and family in the 3rd world country with a small SS check. Sure you could go back if cancer strikes but what about a heart attack? These things happen when you approach 80. I think 20 years is a stretch. You will be lucky to get another few years and if collapse hits then you are really screwed. The P’s will be a mad house with so many people and not enough food.
makati1 on Sun, 9th Dec 2018 4:37 am
MOB, quit your dreaming or the drugs you are popping and get a job. Do something useful.
Pretending you know my future is NOT proving your intelligence or maturity. You want your dream future for me to be true, but sorry, it is not and will not be so. I lived thru two narrow escapes in my life, both of which could have killed me, but here I am. Neither were my fault.
Age gives experience. One does not live 74 years by being careless and making stupid decisions. I made the decision to move out of the US police state over 10 years ago and do not regret it one bit. I expect to live another 26 years to my 100th and watch the world change, just like I have for the last 74. I was about one year old when they nuked Japan. A lot of changes since then.
You are not likely to make it to 74 unless you grow up and take responsibility for your future. Get a job. Get married. Unemployment is not a career.
Mick on Sun, 9th Dec 2018 4:42 am
I have to agree with bill T i mean makati1 on that one
Davy on Sun, 9th Dec 2018 4:43 am
”Most experts believe that the switch to national currencies in Russia’s economic relations with China and India could change the world finance scene. The decision to eschew the US dollar by three powerful and wealthy countries could lead to a notable drop in the dollar’s exchange rate and, with time, to the end of its hegemony in the world economy.”
This Journal NEO dot com is a Russian front site of course they are going to say that:
Address: 12, Rozhdestvenka Street, office 111, Moscow Phone: +7 (495) 624-40-91 https://journal-neo.org/about/
Who are most experts? LOL. Billy, give us the numbers. There is no meaningful Dedollarization. It is just more of your bric bank and gold backed Yuan dreaming. This just shows how binary and unintelligent you are. You are emotional not intellectual. There is some dedollarization that makes sense. The US government is pushing some for political reasons but the fact is the world is stuck with the dollar because there are no alternative. There are niche opportunities that is about it. The global system is unraveling and until it comes apart the dollar is here to stay. Enjoy
Cloggie on Sun, 9th Dec 2018 4:45 am
You are not likely to make it to 74 unless you grow up and take responsibility for your future. Get a job. Get married. Unemployment is not a career.
The MOB is just that: a sociopath, yearning for the breakdown of order, so he can rape and kill white people, Americans, Europeans or Russians, all of them. He basically admits to his fantasies. Oh, and people like him run the US deep state, supported by 1-dimensional dummies like davy, paultard, boat.
Next time we are going to skip the train session.
Davy on Sun, 9th Dec 2018 4:47 am
“Age gives experience. One does not live 74 years by being careless and making stupid decisions.”
“I expect to live another 26 years to my 100th and watch the world change”
BS, it is also luck. I see little evidence of experience with you billy. In fact I see a bitter old man who is consumed with hate and resentment that ran away from the US likely because of a failed life. You expect to live another 26 years. LOL what a fruitcake. You may be dead tomorrow billy. You are not positioned very well for long life.
Davy on Sun, 9th Dec 2018 4:49 am
“supported by 1-dimensional dummies like davy, paultard, boat.”
I hand you and billy your asses daily does that make you 1/2 a dimension? LOL. Get a life neder you fantasy world is crumbling.
makati1 on Sun, 9th Dec 2018 4:52 am
Davy, why do you think I need “health insurance”? Especially the ‘death insurance’ pushed in the US on its debt serfs by law?
Do you know that the medical services here are on par, if not better then, that in the US and about 1/5th the cost? My medical expenses in the last 10 years here have totaled less than $1,000. A hospital stay is about $100 per day. Doctors are $12 per visit. Etc. I don’t have to worry about a $500 aspirin at your ‘hospital’.
I keep telling you I am very healthy and have no medical problems requiring treatment or meds. You see, I never used drugs or smoked and consume little alcohol. I’ve taken a One-A-Day vitamin/mineral pill daily for most of my life. I also had a life that required physically working every day either at my job or at home. I’m not overweight like most Americans.
You, like that kid MOB, want to make up some fantasy life for me because you know I am going to outlive both of you and enjoy every day. My dad lived to be 88 and smoked most of his life. He was slim like me when he died. My mom died at age 90. Again, she smoked most of her life. Both got around quite well up until the end. All of my uncles, both sides lived well into their 80s and I have a living uncle who is 96 now and still walks his dogs every day. He was a gym teacher and coach. We are long-lived people.
makati1 on Sun, 9th Dec 2018 4:53 am
BTW Davy, you “hand us our asses” ONLY in your delusional mind. LMAO!
Mick on Sun, 9th Dec 2018 5:00 am
Clog you must be one bored Dutch fuck why would you otherwise bother spending so much time here trying to convince everyone all’s well wind and solar will save the day . Get a life dude or a you a paid old troll?