American Economic Collapse

  • Thread starter Thread starter Jehovahsloyalchild
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Seventy5 said:
Goldman Sachs is now saying "Go For Gold" Central Banks have been buying up gold for quite some time now at least 5 yrs. So the FED and other central banks are betting against the ( Fiat debt based system ) they're trying to sell us. 25% of all the gold on the planet is stashed in underground vaults on Wall Street.
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Yeah, but real gold or that paper junk they seem to sell these days? I owned gold and silver certs a long time ago. Sold them during convid. I could convert one or the other to metal but not both. I found that strange and it seems to me to be another scam. I'll bet that they're selling gold they don't even have. They will get to a point like they are with fiat. It's the whole "fractional reserve banking" scam with a shiny new face.

Like many on Zerohedge say: "If you don't hold it, you don't own it". Oh, and: "I lost all my gold and guns in a boating accident" :)
 
kirmmy said:
Yeah, but real gold or that paper junk they seem to sell these days? I owned gold and silver certs a long time ago. Sold them during convid. I could convert one or the other to metal but not both. I found that strange and it seems to me to be another scam. I'll bet that they're selling gold they don't even have. They will get to a point like they are with fiat. It's the whole "fractional reserve banking" scam with a shiny new face.

Like many on Zerohedge say: "If you don't hold it, you don't own it". Oh, and: "I lost all my gold and guns in a boating accident" :)
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Not sure if G/S is telling people to go for paper gold. If anyone does that they're morons. Put it this way it may not be safe or wise, to do that anymore. I suspect that they mean the shiny stuff. Gold and silver ( the shiny stuff ) is real money, always has been and always will be, not sure for how long but. Whereas Fiat was never real, it just poof came into existence because someone said so. Once upon a time there was "fractional reserve banking" The FED is fraudulent. It is not Federal and they have zero reserve. All of the banks are like that these days. I was talking to a bank staff member the other day and asked what the fractional reserve was? They didn't understand the question.
 
BARNABY THE DOG. said:
Looks like the American dollar will sink like a BRIC.
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And London Bridge is falling down.

London Bridge is falling down
Falling down, falling down
London Bridge is falling down
My fair lady

Build it up with iron bars
Iron bars, iron bars
Build it up with iron bars
My fair lady

Iron bars will bend and break
Bend and break, bend and break
Iron bars will bend and break
My fair lady

Build it up with gold and silver
Gold and silver, gold and silver
Build it up with gold and silver
My fair lady

Gold and silver we've not got
We've not got, we've not got
Gold and silver we've not got
My fair lady

London Bridge is falling down
Falling down, falling down
London Bridge is falling down
My fair lady

London Bridge is falling down
Falling down, falling down
London Bridge is falling down
My fair lady

It's kind of ironic, almost seems prophetic.
 
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The stock market is maybe betting on a Trump presidency prehaps. For a stock valued at $9 the thing is up there. Couple few back a lot of people may have got burned buying @ about the same price just to watch it crash unless they had the where with all to wait for the price to turn around like it has done.

https://finance.yahoo.com/quote/DJT/

Trump being the "Cripto King", if he is selected the stock market will skyrocket, and so will crypto currencies,

There is talk that Musk has his eye on "DJT Media" ( to buy it, unless I read it wrong? ), that may have an influence on punters too.

Someone has predicted that if Trump is not selected, DJT stocks will crash, so will the stock market, and crypto currencies, But if that is not the beginning of the end for the financial system, then there will be opportunities for punters to buy a variety of assets at low prices.

It has been predicted ( such as it is ), that the crash of the financial system will begin and end in the debt market.
 
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Seventy5 said:
Someone has predicted that if Trump is not selected, DJT stocks will crash, so will the stock market, and crypto currencies, But if that is not the beginning of the end for the financial system, then there will be opportunities for punters to buy a variety of assets at low prices.
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Kamala Harris was talking about taxing "unrealized capital gains". Meaning if you have $100,000 worth of stocks, but you have not sold it yet(unrealized), you'll be taxed for that, contrary to now where you only pay taxes based on what you actually sold(realized).

If that happens it'll basically end all speculation and most of the gains. It might result in a one-day drop that dwarfs the amount during Great Depression. Then, I assume most will be sold. Don't be surprised if it drops to 5-10% of the value today. I'm not talking about 90-95% crash of a specific market or even a company. I'm talking 90-95% drop in general. Entire Nasdaq, S&P 500 crashing 90-95%. Most companies will generally vanish into thin air in the span of few months.

Harris should absolutely not get in. How many would take the risk of buying such "low priced" stocks fully knowing you'll have to pay taxes even if you didn't sell it?

Oh, and a bonus for Canadians: Trudeau said in a podcast that he was thinking about a "Wealth Tax" where those owning a house between $500,000-1.5 million will be taxed anywhere between 0.5-1% per annum, and houses that are worth $2 million or more will be taxed at 1%. That's essentially increasing your property tax to 2.5x what it is today. The "spirit" of this is same as the unrealized capital gains tax Harris wants to bring in.
 
DavidCJ said:
Kamala Harris was talking about taxing "unrealized capital gains". Meaning if you have $100,000 worth of stocks, but you have not sold it yet(unrealized), you'll be taxed for that, contrary to now where you only pay taxes based on what you actually sold(realized).

If that happens it'll basically end all speculation and most of the gains. It might result in a one-day drop that dwarfs the amount during Great Depression. Then, I assume most will be sold. Don't be surprised if it drops to 5-10% of the value today. I'm not talking about 90-95% crash of a specific market or even a company. I'm talking 90-95% drop in general. Entire Nasdaq, S&P 500 crashing 90-95%. Most companies will generally vanish into thin air in the span of few months.

Harris should absolutely not get in. How many would take the risk of buying such "low priced" stocks fully knowing you'll have to pay taxes even if you didn't sell it?

Oh, and a bonus for Canadians: Trudeau said in a podcast that he was thinking about a "Wealth Tax" where those owning a house between $500,000-1.5 million will be taxed anywhere between 0.5-1% per annum, and houses that are worth $2 million or more will be taxed at 1%. That's essentially increasing your property tax to 2.5x what it is today. The "spirit" of this is same as the unrealized capital gains tax Harris wants to bring in.
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Yeah, it's really bone-headed ideas from...boneheads. Trudy already upped the capital gains tax. You don't see Poilievre saying anything about that though. They are bound and determined to run the economies of the west into the ground and they're doing a great job. And what is never realised by the galaxy brains is that it will hurt the middle classes the most. If I'm rich, I'm getting out of Canada...or my money is, I should say. Canada has never really been open for business anyway with our lousy governments. You really can't fix stupid and the current crop of politicians have it in spades.
 
kirmmy said:
Yeah, it's really bone-headed ideas from...boneheads. Trudy already upped the capital gains tax. You don't see Poilievre saying anything about that though.
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He did though: https://www.cbc.ca/news/politics/poilievre-capital-gains-tax-1.7231575
www.instagram.com

Pierre Poilievre on Instagram: "NDP-Liberals' desperate attempt to collect tax dollars to pay for their monstrous deficit with a capital gains tax hike on farmers, small businesses, and home builders will yield less than 40% of the promised revenue.

8,300 likes, 607 comments - pierrepoilievremp on October 10, 2024: "NDP-Liberals' desperate attempt to collect tax dollars to pay for their monstrous deficit with a capital gains tax hike on farmers, small businesses, and home builders will yield less than 40% of the promised revenue. Where...
www.instagram.com www.instagram.com
 
DavidCJ said:
He did though: https://www.cbc.ca/news/politics/poilievre-capital-gains-tax-1.7231575
www.instagram.com

Pierre Poilievre on Instagram: "NDP-Liberals' desperate attempt to collect tax dollars to pay for their monstrous deficit with a capital gains tax hike on farmers, small businesses, and home builders will yield less than 40% of the promised revenue.

8,300 likes, 607 comments - pierrepoilievremp on October 10, 2024: "NDP-Liberals' desperate attempt to collect tax dollars to pay for their monstrous deficit with a capital gains tax hike on farmers, small businesses, and home builders will yield less than 40% of the promised revenue. Where...
www.instagram.com www.instagram.com
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OK, he mentioned it but no plan to axe it.
 
Joseph Stephan said:
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I suspect the average American will not be informed by watching a random 1 minute video. Still like he said, if the average America knew more than what they've been told, or whats beneath the surface... Some are being informed but. It seems that a lot of Americans do not want to know, they want to be supported by the system, they want to be led, given instructions, controlled even.
 
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SusanB said:
This just doesn’t make any sense to me. Why would parents allow their children to be vaccinated under these conditions? Do they not suspect something is amiss? This one is tough to wrap my mind around.
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Remember when we were talking about how weird it was that in the midst of war with Palestine, the Israel government gave safe passage to medical people to give a polio vaccine to Palestinian children? Now they are having an outbreak of polio! And, now they can test the polio virus and identify if it is the strain from the vaccines and it is being reported as a vaccine derived strain of polio. That didn’t take very long.

https://twitter.com/x/status/1853207410024099981
 
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