Crash Positions

[REELDOC]

Interesting read about how the author sees things going down hill.

Crash Positions

Submitted by Brewer55 Via Capitalist Eric Well, folks, we’re here. Over the past decade I’ve written a few essays on the coming economic collapse of the USA. I noted in 2013 that the on-book natio…

www.theburningplatform.com

 

[VA_GENTLEMAN]

He has some very good points.... very good.

I can't find any issues with his statements, and he is very educated regarding the Money Supply and types. He nailed the M1 money supply perfectly on the graph because the stimulus checks for the last 3 tranches from the government went right into consumer pockets. (well maybe 2 1/4 tranckes.. but that was over $6T in wave = $60 Trillion in M1 by my calcs.

Managerial Economics....I hated that cohort, but I am glad I studied it.

The only thing that he did not account for is consumerism and profit motive. Probably just to save time and keep the piece readable.

He lays out the step process of the USD$ hegemony being shunned by the world. He is right if it happens.

I have been telling all my family and circles to buy what they need both consumer goods and food to last them for as many years as they can stand.

And.. I am really thinking about making some financial moves on my currency in the bank... but, I had an mentor who's friend was Vic Neiderhoffer.... google 1997 Baht Collapse. Ole Vic lost EVERYTHING, including other peoples money.

@REELDOC ... thanks for the post!

 

[REELDOC]

The only thing I can't find is anyone that I would trust talking about what to do with money in the stock market. I've got a couple of friends that are in that position with inherited stocks. They don't know whether to take the money out and suffer the tax consequences, or leave it in and hope it doesn't crash. Then what do you do with it when you take it out other that banking it or putting it under your mattress. I'd like to have that problem but I don't envy the decision they are fighting with.

I just tell them to do the opposite of what I would do which is buy high and sell low.

 

[clay_fv]

I've been "feeling" this in my bones for a few years now. As with almost every other comment in the comments section is the "WHEN" question. I think we're getting closer and closer every day, and I honestly feel like the D's in power are trying to make the collapse happen. However, all I can really do is keep storing up things. I don't think I'll ever be "ready", but I sure as hell am more ready than 99% of the rest of the population.

 

[Dale Gribble]

Great article and thanks for posting it.👍

 

[Pops]

Wow. Thought there might be more time to prepare. Was wrong apparently.

 

[clay_fv]

Wow. Thought there might be more time to prepare. Was wrong apparently.

I wouldn't go that far. This article is the extreme. It may be very true, or there may still be quite a bit of time left. Things are, most likely, going to keep getting progressively worse. The shit will only hit the fan once people start going hungry. That will be the ultimate weight on the scale. Until then, Americans can easily be placated with video games and twatter/facetoobs/instapages/onlywhores/etc. My gut feeling is this will start happening in the fall once the current crops start hitting the shelves. We're currently "living" off last year's harvest. The one thing that can tip the scale, easily, is Russia moving this little excursion to any NATO country. If WWIII really starts, then all bets are off on anything.

I'd love to have more discussion on this. I've thought about it a ton, but never really discussed any of it.

 

[noway2]

I think we're facing a simultaneous set of conditions that have a real potential of intersecting in a bad way. Those include the prospects of an inflationary (or possibly deflationary) recession or even depression. The astronomical money printing and QE that accelerated in March 2020. A response to the inflation of interest rates that further crush the consumer economy.

While all this is going on, we know the days of the USD hegemony are numbered and big players are moving in that direction, and potentially bringing a lot of smaller players with them. There have been some arguments about the dollar retaining strength, but as an empire that doesn't produce much of anything anymore i find that questionable. Even the "full faith of USG" is meaningless when other countries know they will just get inflated paper.

The third part of this trifecta of course is the food supply and already stressed supply lines. The US will likely be better off than a lot of places, but we're not used to hardship of shortages and being told no, you can't get that. Couple this with high fuel prices, low supplies, etc, and you've got a 4th turning level crisis on your hands.

 

[73Chall]

But, no mean tweets, right? 🙄

 

[VA_GENTLEMAN]

This would be a great topic to have a bucket of beer, 3 whiteboards, a fire pit and several contributing members for the purpose of hashing out possibilities and what-if(ing).

I do not think that would be a waste of our time either... it would strengthen our CFF circle and would be a great augmentation to @Chdamn Emergency Response initiative.

 

[clay_fv]

This would be a great topic to have a bucket of beer, 3 whiteboards, a fire pit and several contributing members for the purpose of hashing out possibilities and what-if(ing).

I do not think that would be a waste of our time either... it would strengthen our CFF circle and would be a great augmentation to @Chdamn Emergency Response initiative.

Count me in!

 

[Stogies]

But, no mean tweets, right? 🙄

The present guy is now so out of it it's not even funny anymore. Good god.

 

[Mathieu18]

I’m no fan of either party, I feel like I have to lead with that because any time you criticize one it becomes assumed you love the other. So with that said, the current admin poured a bucket of gas on the fire. The last poured a can, the one before, I dunno a milk carton. Again they all suck. Look forward to reading that article when I can concentrate more.

But money aside I honestly believe the polarization of America is a greater threat. We can fix the issues when we can work on them. When we start literally hating the other side and 50% won’t work with the other half we’re doomed.

Like others I’d love to discuss more, unless this turns into “blame the other guy” cause that doesn’t usually produce anything useful.

 

[Mathieu18]

Edit: Read it and good article but maybe a bit too alarmist. He points out in another of his articles (that he seems to ignore now) that this "crash" would eventually backfire on EVERYONE, a fact he ignores while saying we're pushing China, Russia and others into kicking it off. Ie if America implodes, then China looses a HUGE amount of cheap exports that Americans buy. As the Euro collapses as well, then Europeans have no funds to buy Russian oil, etc. I'd say I probably agree with the central tenants, that China, Russia and others are working to slowly erode the dollar and end America's global leadership, but it's more like a slo-mo crash than a violent ending. He said it started in his 2015 article, now its starting agin in 2022. Neither is incorrect, I just think it's a decades long process, not a months long one. We wouldn't be the first though. The Romans, The Spanish, The British, The Dutch it's happened throughout history.

Anyway, I sure hope it's not quick and painful but it's worth having some gold and food and bullets I imagine.

 

[cjcullom]

This is a dissolution through apathy and it's been going on for a couple decades. The only solution is a purging collapse and recovery of the ideas of the "founding fathers". (See that...lol)
The leverage of having your assets in their institutions is how they will roll us into the "new" system in order to save you.
Sign up for the digital centric transhuman passport and some of your assets will be recoverable. Dont and take the hit.

R

 

[Herk]

Interesting read about how the author sees things going down hill.

Crash Positions

Submitted by Brewer55 Via Capitalist Eric Well, folks, we’re here. Over the past decade I’ve written a few essays on the coming economic collapse of the USA. I noted in 2013 that the on-book natio…

www.theburningplatform.com

This is the article I read that got me going on the survival sword thing I posted.

 

[Snal~]

This would be a great topic to have a bucket of beer, 3 whiteboards, a fire pit and several contributing members for the purpose of hashing out possibilities and what-if(ing).

I do not think that would be a waste of our time either... it would strengthen our CFF circle and would be a great augmentation to @Chdamn Emergency Response initiative.

I'll volunteer to be a useless moderator for this event!

 

[rufrdr]

Edit: Read it and good article but maybe a bit too alarmist. He points out in another of his articles (that he seems to ignore now) that this "crash" would eventually backfire on EVERYONE, a fact he ignores while saying we're pushing China, Russia and others into kicking it off. Ie if America implodes, then China looses a HUGE amount of cheap exports that Americans buy. As the Euro collapses as well, then Europeans have no funds to buy Russian oil, etc. I'd say I probably agree with the central tenants, that China, Russia and others are working to slowly erode the dollar and end America's global leadership, but it's more like a slo-mo crash than a violent ending. He said it started in his 2015 article, not its starting agin in 2022. Neither is incorrect, I just think it's a decades long process, not a months long one. We wouldn't be the first though. The Romans, The Spanish, The British, The Dutch it's happened throughout history.

Anyway, I sure hope it's not quick and painful but it's worth having some gold and food and bullets I imagine.

These doom and gloom scenarios are fun to read but I've been reading them since the late 60s and while there have been some economic recessions (some severe) along the way, the overall material lifestyle of middle America is far greater today than when I was a kid.

Anyone remember this?

 

[Mathieu18]

These doom and gloom scenarios are fun to read but I've been reading them since the late 60s and while there have been some economic recessions (some severe) along the way, the overall material lifestyle of middle America is far greater today than when I was a kid.

Anyone remember this?

I don’t know if I’ll call it fun to think about not being able to feed my kids, and it doesn’t seem impossible in todays world, but yea it seems basically to revolve around the idea that the US and it’s government takes zero action while the world collapses around them.

Some of you are now thinking “that sounds exactly like the inept Dems” and well maybe. But they also can’t be both devious masterminds of the great reset as well as incapable of preventing a total collapse of civilization. They only benefit if they control us, not if we’re armed bands of angry, starving peasants with nothing to offer, but resistance for their reset.

 

[clay_fv]

The thing is, a lot of these "hard times" were averted with printing of money. Remember "Too big to fail"? If we'd let them fail it would have been bad, but we would have gotten over it. Every time we (the Gov) stimulates something, that just adds to the fire, adds weight to that bucket, and shovels it on down the road. We've been doomed since June 5 1933. Ever since then, we've simply been able to print our way to whatever we needed. The piper will eventually come calling and I believe Russia and China being kicked off SWIFT put a turbo on the piper's collection truck. The world will slowly stop needing the dollar. The moment we're not the reserve currency, the house of cards crumbles. The strauss-howe generational theory is looking pretty damn spot on right now. We're in the fourth turning, and that means there's a damn large chance of world war. Not to mention, you've got "The Great Reset" and half the world's leaders being a part of the WEF.

 

[Walkabout Dan]

The sheep will put there heads between their legs and kiss their butt goodbye.

 

[Mathieu18]

Well China wasn’t kicked off, only Russia, they’re just using more and more alternative currencies. I don’t disagree on the shift coming, but a rapid, violent one doesn’t really benefit anyone.

As far as war, that’s a fair point, especially if you’re the US… if China forces the hand and tries to collapse the world economy why hold back? An external threat bonds the country more than most.

 

[cjcullom]

Yessir....this is the National Cloward-Piven Strategy. Much quicker than the original concept for faster dissolution. You can't BBB until you have torched it. And the "other" side wants it torched too....basically we are headed for a smoking! Bilateral!
R

 

[clay_fv]

Well China wasn’t kicked off, only Russia, they’re just using more and more alternative currencies. I don’t disagree on the shift coming, but a rapid, violent one doesn’t really benefit anyone.

As far as war, that’s a fair point, especially if you’re the US… if China forces the hand and tries to collapse the world economy why hold back? An external threat bonds the country more than most.

Yeah, I want to smack my head for saying China kicked off. China and Russia now using their own system. Russia's ruble has actually rebounded to pre-sanction levels. It's both hilarious and sad, because Putin has been planning this for a decade now. The moves we're making were beyond predictable. Putin was a WEF member until he invaded, so I can't tell if this is ALL being done by design to collapse the dollar.