[AdamB]

$this->bbcode_second_pass_quote('Armageddon', 'I') really don’t see how they’ll keep this thing afloat much longer.

[Armageddon]

$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('Armageddon', 'I') really don’t see how they’ll keep this thing afloat much longer.

[Armageddon]

Debt is going parabolic and the world has lost its appetite for UST. You cant compare what’s happening now to any time in US history.

[theluckycountry]

$this->bbcode_second_pass_quote('Armageddon', 'I')s this a good indicator of the true state of the economy? I’d say yes
https://x.com/stealthqe4/status/1950913 ... aq1VBSCqtg

[Armageddon]

The US has 10T of UST rolling over this year and not many buyers. Russia has sold all theirs and China and Japan are currently selling theirs. So instead of buyers, they are sellers.

Debt monetization preludes currency collapse. All Fiat systems in history have collapsed.

[Armageddon]

The US economy adds 73,000 jobs in July, below expectations of 106,000.

May revised down by 125,000, from +144,000 to +19,000,

June revised down by 133,000, from +147,000 to +14,000

And with revisions, we have now *lost* 26,000 manufacturing jobs in June and July.


Yikes

[Armageddon]

258,000 jobs didn’t “vanish.”
They were never there to begin with.
⸻
This isn’t a math error.
It’s a psychological operation.
Tell people the economy’s booming…
Let them borrow, spend, invest…
Then quietly revise the numbers when no one’s watching.

[AdamB]

$this->bbcode_second_pass_quote('Armageddon', '')$this->bbcode_second_pass_quote('AdamB', '
')How many more decades do you think is it reasonable to repeat yourself? I understand that the guy jumping out of the window ultimately hits the ground.....but it doesn't take the 20 years to get there.

[AdamB]

$this->bbcode_second_pass_quote('Armageddon', 'D')ebt is going parabolic and the world has lost its appetite for UST. You cant compare what’s happening now to any time in US history.

[theluckycountry]

Jobs, people don't care about them until they lose theirs, then it's the end of the world. Same with everything, homes, cars, money in the bank. I read a commentator once that said the second great depression has already arrived, it just isn't equally shared. I'd go along with that. You'd have to be living in a gated estate not to notice the collapse in living standards across our nations, and the use of debt to prop up living standards.

How can a nation of people collectively owing $25 Trillion dollars possibly think things are ok? But many do? And this is basically the reason why the debt has spiraled to such ridiculous limits. Idiots wearing rose colored glasses believing they can borrow forever. Well the piper has to be paid, all debts have to be cleared eventually, so did they think they were exempt? Obviously. You're very prolific in you posting Armageddon, do you see something on the near horizon? I do. I see the Kondratieff Winter cycle in effect, Strauss and Howe's Winter cycle in force (due to end around 2030) I see the stock market totally overpriced relative to P:E ratios. And I see the classic 80 year war cycle well in force.

And more interestingly, on a societal level, I see a dark mood taking over. People are in a murmuration of discontent and despondency, and those that claim not to be are almost shrill in their insistence things are "just fine". They get angry if you say thinks are falling apart, like somehow your very words will pop their bubble of enchantment? Very strange... I think those people will the worst effected by the collapse because they haven't processed it before it came. They'll be shell shocked, like those that survived a Hurricane and are sitting in the ruins of their once proud home. I processed it decades ago, now it's all popcorn and cheers.

When everyone was turning their nose up at Gold, and more specifically Silver (which was at a 400 year low) I began buying. It was obvious, basic investment 101, buy when something is cheap. But no one else was besides us (Doomers). That's because the TV set told them specifically Not To! Greenspan told them not to, every financial advisor said Not To. It was a Barbarous relic One that has made me a LOT of money.

[Armageddon]

They’ll cut rate, QE to infinity, the dollar will keep getting devalued and gold and silver will continue rise and the sheep will continue saying everything is fine.

[theluckycountry]

The Pet Rock and the Bubble Machine
https://vblgoldfix.substack.com/p/pod-t ... le-machine

[AdamB]

$this->bbcode_second_pass_quote('Armageddon', 'T')hey’ll cut rate, QE to infinity, the dollar will keep getting devalued and gold and silver will continue rise and the sheep will continue saying everything is fine.

[theluckycountry]

Perth Mint, the biggest bullion dealer in Australia, which is one of the largest Gold producers on the planet, is currently selling Gold at a 5.5% premium, but buying at a 2.9% cut off spot. This buy spread is the lowest I've ever seen. They are banking on the price of Gold being higher in the future, obviously.

[Armageddon]

$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('Armageddon', 'T')hey’ll cut rate, QE to infinity, the dollar will keep getting devalued and gold and silver will continue rise and the sheep will continue saying everything is fine.

[AdamB]

$this->bbcode_second_pass_quote('Armageddon', '
')Not wrong, just early

[Armageddon]

I think the state of the world is proving I was correct. And you haven’t seen anything yet.

[AdamB]

$this->bbcode_second_pass_quote('Armageddon', 'I') think the state of the world is proving I was correct.

[Armageddon]

When the 08 crises hit, how did they stop it? 15T of debt, ZIRP, bailouts, buyouts, etc. This one is 10x worse. How do you think they’ll stop this one? The consumer is already maxed out. 40% of Americans have already exhausted their unemployment benefits, maxed out their CC, and 70% dont have $1000 to their name. This will not end well. They’ve kicked the can down the road since 2008, eventually you run out of road.

I’m sure they’ll start lowering rates, QE to infinity and print tens of trillions more. Imagine what that’ll do to the dollar and inflation? Gold is telling the story in the real world. $5000 gold is on the horizon.

[AdamB]

$this->bbcode_second_pass_quote('Armageddon', 'W')hen the 08 crises hit, how did they stop it? 15T of debt, ZIRP, bailouts, buyouts, etc. This one is 10x worse.