5th time since 1868…last time was 1930. All the prior 4 times were associated with a large inflationary speculative period preceding this trigger followed by deflationary financial panic. Maybe this time is different 😏 https://t.co/EchHfc0OCB pic.twitter.com/wPsUjZRIvD
— Edward Dowd (@DowdEdward) April 11, 2023
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It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
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I just saw a similar chart with loans. How they spiked into the negative after decades in the positive. Very alarming.
About time.
You’d best pray to God it ISN’T “different”. That it’s just run of the mill FUBAR’d as usual.
I promise all of you…you AIN’T gonna like “different”…but it’s comin’.
Will I finally be able to buy a house at an affordable price?
Define “affordable” and “house”.
The WEF would say “Yes”, but you won’t like it.
Maybe on F’ing Mars or the moon.
Resonate some comprehension here. THEY DON’T LIKE US. THEY WANT US DEAD. They’re not interested in your comfort ,safety or prosperity.
Not in the least.
Barring a large scale breakout of a hot war ( Ukraine, Taiwan) the “collapse” will begin in Japan. The Yen is the most popular currency for carry trade because it has the lowest interest rate. Japan will eventually HAVE to raise rates to keep up with other central banks or their currency will become worthless. When that happens the time for world wide financial turmoil is near.
Japan is the canary in the coal mine.
This whole shit show is going to end no matter what.
I’m glad I’m old.
Yes. It’s going to end. Jesus is coming. Nothing will stop that. Nothing can…and I welcome the occasion whole heartedly.
I’m reserving judgment on the Japan thing, although I consider it an educated guess…and a fairly good one. It is…possible.
Religion– and overwhelmingly Christianity– gives conservatives an inherent faith and eternal optimism that, no matter how bad things get, somehow it will all turn around and things will eventually get better. They are convinced that God is on America’s side, and He will certainly eventually provide whatever is needed. I suspect that this faith in an omniscient and omnipotent God makes conservatives feel that they don’t need to fight back too much.
In an alternative explanation, I know that some Christians believe we are currently living in the “End Times.” They see all the dreadful, decadent things happening in this country and the rest of the world, and they have become convinced that this evil world will soon come to an end. Then, they will get raptured to Heaven and live in eternal bliss. Well, if that is your belief, there is obviously no point in trying too hard to correct problems in this world is there?
I have also observed that many conservatives seem to be purposefully self-delusional. This tendency is probably related to their eternal optimism. They seem unable to clearly comprehend and acknowledge the direness of the situation, despite their repeated political, societal, and cultural defeats. I have observed this since the 1990s, with repeated “This is the most important and consequential election of our lifetime” warnings from talking heads like Levin and Hannity. “If Bill Clinton gets elected, that will be the end of our country as we know it!” . . . “If Obama gets elected, that will be the end of our country as we know it!” . . . “If Biden gets elected, that will be the end of our country as we know it.”
When?
Well there is one big difference now vs. all the other times.
Then: paper receipts (currency) were redeemable for a limited amount of species (gold). Individuals, businesses, govts all had legal claims on specie redemptions, which were not honored, hence the massive currency contraction from defaults world wide, cratering all asset prices as the value of gold soared in relation to assets.
Now: we have unlimited electro money, backed by unlimited printing. See 20o8. See Convid response. There is no way in hell .guv will cut expenses, payroll or their cop, military and pensions.
A brief sharp depression may happen, but it will most surely will be followed by Money Printer Go BRRRRRR…
Keep believing, Charlie Brown.