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Author Topic: ‘The economy is going to collapse,’  (Read 1253 times)

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Offline epiphany

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‘The economy is going to collapse,’
« on: June 17, 2022, 11:10:06 AM »
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    • The economy is going to collapse,’ says Wall Street veteran Novogratz. ‘We are going to go into a really fast recession.’

    https://www.marketwatch.com/amp/story/the-economy-is-going-to-collapse-says-wall-street-veteran-novogratz-we-are-going-to-go-into-a-really-fast-recession-11655328960
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    Offline SeanJohnson

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    Re: ‘The economy is going to collapse,’
    « Reply #1 on: June 17, 2022, 11:48:11 AM »
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    Rom 5: 20 - "But where sin increased, grace abounded all the more."

    Offline SeanJohnson

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    Re: ‘The economy is going to collapse,’
    « Reply #2 on: June 17, 2022, 11:53:50 AM »
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    • Funny thing is, they're saying the inflation rate (as of the latest May report) is only 8.6%, but I can hardly think of anything that hasn't gone up significantly more than that:

    Food = 30%+

    Gas = 100%+

    Housing = 30%+

    Interest rates have almost doubled.

    And shrinkflation hides even worse inflation (same prices but smaller packages, or same packages but less contents; etc).
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    Rom 5: 20 - "But where sin increased, grace abounded all the more."

    Offline SperaInDeo

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    Re: ‘The economy is going to collapse,’
    « Reply #3 on: June 17, 2022, 12:37:54 PM »
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    • Quote from: SeanJohnson on June 17, 2022, 11:53:50 AM
    Funny thing is, they're saying the inflation rate (as of the latest May report) is only 8.6%, but I can hardly think of anything that hasn't gone up significantly more than that:

    Food = 30%+

    Gas = 100%+

    Housing = 30%+

    Interest rates have almost doubled.

    And shrinkflation hides even worse inflation (same prices but smaller packages, or same packages but less contents; etc).

    The Consumer Price Index is just as fraudulent as those Andrew Jacksons in your back pocket. Andrew Jackson, who fought the hardest against central banks. Sick bastards. 
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    Offline SperaInDeo

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    Re: ‘The economy is going to collapse,’
    « Reply #4 on: June 17, 2022, 12:48:01 PM »
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    • Quote from: SeanJohnson on June 17, 2022, 11:48:11 AM
    They just passed the biggest interest rate hike in 3 decades:

    https://www.marketwatch.com/story/fed-lifts-rates-by-most-in-three-decades-anticipates-policy-rate-rising-to-3-8-by-end-of-2023-11655316254?

    Raise the rate and the cost of lending goes up. Lending (in aggregate dollars, of housing mostly, but of anything really) is what drives the economy. Lending is what causes the fiat currency bubble to grow. A growing fiat bubble means a growing “economy”. Lending dries up and you get a recession. Period. End of story.

    Wish we had actual currency again, you know, tied to gold or silver. The only CONSTITUTIONAL kind of currency. Didn’t learn from the Roman Empire, did we? Nah, those in charge know exactly what they’re doing.




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    Offline Ladislaus

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    Re: ‘The economy is going to collapse,’
    « Reply #5 on: June 17, 2022, 01:08:15 PM »
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    • Quote from: SeanJohnson on June 17, 2022, 11:53:50 AM
    Funny thing is, they're saying the inflation rate (as of the latest May report) is only 8.6%, but I can hardly think of anything that hasn't gone up significantly more than that:

    These numbers are rigged.  They changed the calculation method in about 1980 and again in about 1990 ... by excluding certain types of things (including gas) and also by comparing apples to oranges, i.e. comparing the cost of steak to the cost of ground chuck and calling them both "beef".

    Here's a good place to see what the numbers would be based on 1980 calculation method (about 17%) and the 1990 method (about 12.5%) ... with those numbers coming from my my eyeballing the charts.

    http://www.shadowstats.com/alternate_data/inflation-charts
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    Offline DigitalLogos

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    Re: ‘The economy is going to collapse,’
    « Reply #6 on: June 17, 2022, 03:48:47 PM »
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    • Quote from: Ladislaus on June 17, 2022, 01:08:15 PM
    These numbers are rigged.  They changed the calculation method in about 1980 and again in about 1990 ... by excluding certain types of things (including gas) and also by comparing apples to oranges, i.e. comparing the cost of steak to the cost of ground chuck and calling them both "beef".

    Here's a good place to see what the numbers would be based on 1980 calculation method (about 17%) and the 1990 method (about 12.5%) ... with those numbers coming from my my eyeballing the charts.

    http://www.shadowstats.com/alternate_data/inflation-charts
    Considering that everything at Dollar Tree now costs $1.25, 25% is a pretty solid estimate practically-speaking.
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    "Be not therefore solicitous for tomorrow; for the morrow will be solicitous for itself. Sufficient for the day is the evil thereof." [Matt. 6:34]

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