American Economic Collapse

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DR75 less 1

Well-known member
“Moody’s cut the credit rating of a host of U.S. banks late Monday and placed several Wall Street big names on negative review. The rating agency cut the ratings of 10 U.S. banks, one rung while major lenders ( etc )...Moody’s also changed it’s outlook to negative for 11 mores banks...This is just the beginning, you and I from just a year ago knew how this was going to unfold...massive outflows from major banks, hundreds of billions of $s, this is going to unwind very badly...Do not keep any cash that you don’t have to in these institutions, because there is going to be a major problem coming down the pike...some of these big banks are going down...on the back of this banking downgrade the market is getting rattled...dispite the fact that the 10 yr yld is lower than 4% the relative strength of the $ did kick higher. That is a fear trade...There is not one of you who are surprised...What do I always tell you, be prepared for anything...No deposits, deposits are disappearing, no loans, no deals. An economy in free fall, what else would you expect in this kind of environment?...I will not be surprised to see the FED start buying banks...” GM
 
MickHewitt

MickHewitt

Well-known member
SusanB said:
It’s must be pretty bad when even the homeless are being evicted from homeless shelters! Unimaginable.

https://twitter.com/i/web/status/1689959228595687424
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The last time on ministry coming in contact with homeless always emptying my pocket to them even though knowing it would be to score a bag or drink to escape the reality: The group of homeless persons said 'Hey we was moved and coralled on by hosepipe by council workers into a 40ft wagon only to be expelled out in the country! Laugh was on them they said 'we got back to town before them by getting lifts from humanitarian drivers after describing our dilemma!'
 
MickHewitt

MickHewitt

Well-known member
MickHewitt said:
The last time on ministry coming in contact with homeless always emptying my pocket to them even though knowing it would be to score a bag or drink to escape the reality: The group of homeless persons said 'Hey we was moved and coralled on by hosepipe by council workers into a 40ft wagon only to be expelled out in the country! Laugh was on them they said 'we got back to town before them by getting lifts from humanitarian drivers after describing our dilemma!'
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When observing a worker paid to move on such homeless having been homeless myself. I said to the one 'What a wonderful paid job you have moving on such unfortunates!' 'How fortunate for yourselves that there are such homeless!' And the bro's and sis in my group's response 'Michael! don't get involved'.
 
D

DR75 less 1

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“Reuters – America’s biggest banks are prepared to pay billions to the FDIC, Federal Deposit Insurance Corporation, to replenish an insurance fund that is propping up the system ( Zombie System ) JP Morgan, Wells Fargo, Bank of America, Goldman Sachs, Morgan Stanley, PNC Financial Services Group Citygroup, will collectively pay ( and this is ridiculous ) an 8.2 billion dollars to restore the fund. JP Morgan being the largest @ 3 billion, yes these Banks can pay this all off without anything, but again its not the amount of money we’re talking about here, its a propping up of a zombified dead system. This propping up of a zombified system is costing us dearly” GM
 
D

DR75 less 1

Well-known member
Someone said that Mike Burry is going to bet $1.6 Billion against the market. He is watching risk too prehaps.

The indicator was over 270 couple days ago and then dropped to 268. at last check it was back up to 270.4464.

Be interested to see how the Mike short goes? We'll see if the fed is done popping up the markets.
Maybe Mike thinks they are?

A pullback is happening on crude. if it hit previous support? a buying opportunity prehaps.
 
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Seadog

Seadog

Well-known member
MickHewitt said:
When observing a worker paid to move on such homeless having been homeless myself. I said to the one 'What a wonderful paid job you have moving on such unfortunates!' 'How fortunate for yourselves that there are such homeless!' And the bro's and sis in my group's response 'Michael! don't get involved'.
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yeh like don't look after widows and orphanes-- move along. Not our problem
 
D

DR75 less 1

Well-known member
Janet Yellen is saying “the U.S. economy is on track for stable growth” and she is citing the “Inflation reduction act” Which does nothing to reduce inflation. OH; OK then.

Or is she hinting to the FED to do something?
 
D

DR75 less 1

Well-known member
The $'s death is sure in slow motion mode. It's relative strength is up at the minute. And not because of Bidenomics. When the 10 yr yld and/or the $ is up the market does not like it. When one or both is down the market is off to the races. Biden is taking the credit Just as Trump and Obama did by citing the stock market. Risk in the market is still high 276.8691 just checked. The market does not like it there. The market and the economy is miles apart. The state of the economy has nothing to do with the stock market.

How good the illusion is depends on the FED and no-one else. The U.S. Military is mandated to protect the state of the FED and the $ and there is a bit more to it. Americans will pay with their lives for the $ protection prehaps.
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Melinda

Melinda

Well-known member
DR75 less 1 said:
The $'s death is sure in slow motion mode. It's relative strength is up at the minute. And not because of Bidenomics. When the 10 yr yld and/or the $ is up the market does not like it. When one or both is down the market is off to the races. Biden is taking the credit Just as Trump and Obama did by citing the stock market. Risk in the market is still high 276.8691 just checked. The market does not like it there. The market and the economy is miles apart. The state of the economy has nothing to do with the stock market.

How good the illusion is depends on the FED and no-one else. The U.S. Military is mandated to protect the state of the FED and the $ and there is a bit more to it. Americans will pay with their lives for the $ protection prehaps.
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Trump said today …the dollar loosing world dominance would be worse than the US loosing a war.
 
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