2d3ae0 No.5441020
spoiler: it's still fucking awful
Just some chart porn so everyone can get up to speed on how everything is still utterly terrible in the global economy.
2d3ae0 No.5441041
https://people.hofstra.edu/geotrans/eng/ch7en/conc7en/bdi.html
The Baltic Dry Index, 1985-2015
The Baltic Dry Index (BDI) is an assessment of the average price to ship raw materials (such as coal, iron ore, cement and grains) on a number of shipping routes (about 50) and by ship size. It is thus an indicator of the cost paid to ship raw materials on global markets and an important component of input costs. As such, the index is considered as a leading indicator (forward looking) of economic activity since it involves events taking place at the earlier stages of global commodity chains. A high BDI index is an indication of a tight shipping supply due to high demand and is likely to create inflationary pressures along the supply chain. A sudden and sharp decline of the BDI is likely to foretell a recession since producers have substantially curtailed their demand leaving shippers to substantially reduce their rates in an attempt to attract cargo. Like all market indexes, the BDI is constantly changing, reflecting its price discovery mechanism. The major factors impacting the BDI are:
Commodity Demand. This is mainly a volume impact which could be irrespective of commodity prices. An increase in the demand, particularly if sudden, will likely result in a surge in shipping rates since additional capacity takes time to be brought online (either as new ships or reassignment of existing ones). If expectations about future demand change and that producers reduce their raw materials demand accordingly, then the BDI will drop.
Ship Supply. Represents the availability of ships in terms of their capacity and their function. Many bulk carriers, such as tankers, cannot be readily converted to other uses so the bulk market is quite segmented and fairly inflexible. The average ship age can also play since the useful life of a ship is about 25 years. If the average age becomes too high, there are expectations that significant capacity may be reduced and that this would imply a rise of the BDI. Inversely, the addition of new capacity in terms of ship orders may trigger a decline of the BDI, particularly if demand is not expected to change significantly in light of this new supply.
Seasonality. The demand for raw materials, such as grain and coal, has a significant seasonality which will create fluctuations in the BDI when the transport of these commodities is in high or low demand.
Bunker Oil Prices. Bunker fuel accounts for about 40% of vessel operating costs with limited opportunities to mitigate them. Thus, a surge in oil prices is directly reflected in shipping rates. The opposite also holds as if energy prices drop, the BDI can also drop accordingly.
Port Congestion and Canal Capacity. Some ports, particularly in the context of seasonality, can become congested and can tie up ships for longer periods than usual. This results in higher shipping rates as port supply is reconciled with shipping demand. Additionally, the Panama and the Suez canals, important bottlenecks in global freight circulation, have a fixed capacity and can impose additional delays.
Geopolitics. Depending on the geopolitical context, there may be a level of risk at calling some locations, which is reflected in insurance rates and consequently in shipping rates. Some chokepoints, such as the straits of Hormuz, Aden and Malacca may involve the risks of political instability, as well as piracy, and capacity constraints to maritime circulation.
The above graph underlines that the BDI has been very volatile in recent years, particularly between 2005 and 2009 when it behaved as a bubble. The main driver of this surge was linked to commodity prices, particularly oil. The index then plummeted back to historical levels and has remained weak in spite of a recovery in global trade. A factor is that many ships were ordered during the "bubble years" and have entered the market, providing capacity growth above demand growth. In recent years the BDI remains low, underlining a situation of excess capacity in the shipping industry.
2d3ae0 No.5441090
Some market tops for your enjoyment. Notice the S&P 500 has a very nice tabletop, so flat you could eat dinner on it. Thanks Plunge Protection Team!
2d3ae0 No.5441168
83eca8 No.5441197
Its peaked dude.
The only way they are going to squeeze any more blood from this stone is with war and military spending.
If the EU/Brazil/US is any indication, that might be a reality very very soon.
bdb771 No.5441213
>>5441020
Since you seem to know what you’re talking about: CRASH. FUCKING. WHEN.
I can’t fucking take it anymore. It should have collapsed eight fucking years ago, but they invented QE and they weren’t all shot in the back of the head for it. Fucking why.
83eca8 No.5441225
Additionally, in this climate they are not going to be able to push NIRP unless they drive this bitch into the ground.
Then they will do it as 'Temporary Emergency Measures', but once you dip your toe into that endless void you never come back out.
2d3ae0 No.5441286
>>5441213
"Well, let me start – let me start with the question of the Fed's credibility. And you used the word "promises" in connection with that. And as I tried to emphasize in my opening statement, the paths that the participants project for the federal funds rate and how it will evolve are not a pre-set plan or commitment or promise of the committee. Indeed, they are not even – the median should not be interpreted as a committee-endorsed forecast. And there's a lot of uncertainty around each participant's projection. And they will evolve. Those assessments of appropriate policy are completely contingent on each participant's forecasts of the economy and how economic events will unfold. And they are, of course, uncertain. And you should fully expect that forecasts for the appropriate path of policy on the part of all participants will evolve over time as shocks, positive or negative, hit the economy that alter those forecasts. So, you have seen a shift this time in most participants' assessments of the appropriate path for policy. And as I tried to indicate, I think that largely reflects a somewhat slower projected path for global growth – for growth in the global economy outside the United States, and for some tightening in credit conditions in the form of an increase in spreads. And those changes in financial conditions and in the path of the global economy have induced changes in the assessment of individual participants in what path is appropriate to achieve our objectives. So that's what you see – that's what you see now."
-Janet Yellen March 16, 2016
83eca8 No.5441301
File: 1458268848354.png (91.64 KB, 1160x581, 1160:581, I BET I OUT PERFORM CRAMER.png)
2d3ae0 No.5441318
>>5441213
>>5441286
Translation: "We're going to keep printing until we have to flee to New Zealand and Switzerland."
I hope New Zealand and Switzerland anons have plenty of rope.
We're going to be up to our eyeballs in it when the derivative crash finally makes the entire system seize.
What they're trying to do is keep printing until Trump is in office and let him have to handle it. My guess is that all the guilty parties will flee the fucking country. If they manage to get Hillary or another (((establishment))) candidate in, then they'll just declare martial law and maybe even let Obama try for a third term.
83eca8 No.5441359
>>5441286
Let me give you some advice:
Get the fuck out of the markets.
Everything is indicating we are at the top of something many times to the power of 2007.
The numbers are fake. Its all fake.
They are bull-shit made up numbers.
The algos do their thing.
The banks always win.
Its the guys like you that end up paying the price.
2d3ae0 No.5441413
TO TRUMP OR HIS STAFF
Just keep working at winning the election. There's a freight train coming and EVEN IF WE WIN, we have about 20 years of digging out at this rate.
Not counting riots.
Not counting possible civil war.
Not counting assassination attempts by the jews.
This is some biblical shit.
Oh, as a bonus, I'll include, in chart form, the elephant in the room. The thing that the Fed spent $405 billion on in September. If you go look at my first post, do you see that big spike on the shemitah?
It was keeping THIS behemoth afloat, as Glencore was about to go bellyup and cause the derivative chain explosion.
83eca8 No.5441422
>>5441413
>Oh, as a bonus, I'll include, in chart form, the elephant in the room. The thing that the Fed spent $405 billion on in September. If you go look at my first post, do you see that big spike on the shemitah?
None of it is real.
It all fake money printed out of thin air.
These are fake things you are worrying about.
2d3ae0 No.5441430
>>5441359
I'm as out as I can be, Anon.
What can I get out INTO though?
Gold? https://en.wikipedia.org/wiki/Gold_Reserve_Act
The United States Gold Reserve Act of January 30, 1934 required that all gold and gold certificates held by the Federal Reserve be surrendered and vested in the sole title of the United States Department of the Treasury.[1][2]
The Gold Reserve Act outlawed most private possession of gold, forcing individuals to sell it to the Treasury, after which it was stored in United States Bullion Depository at Fort Knox and other locations. The act also changed the nominal price of gold from $20.67 per troy ounce to $35. This price change incentivized foreign investors to export their gold to the United States, while simultaneously devaluing the U.S. dollar in an attempt to spark inflation. The increase in gold reserves due to the price change as well as the confiscation clause resulted in a large accumulation of gold in the Federal Reserve and U.S. Treasury. The increase in the money supply lowered real interest rates which increased investment in durable goods.
There are only so many MREs and bullets I can buy.
2d3ae0 No.5441440
>>5441422
Yes, fiat is fake.
The consequences of that system seizing and acquiring rigor mortis overnight, that's not fake.
2d3ae0 No.5441453
>>5441422
The only thing that could happen would be a complete destruction of the USD and other nations' currencies, which is the whole point of this mess, to prime the world to beg for a global currency.
BIS, IMF, SDR. It's all part of their plan.
d96456 No.5441458
>>5441213
they will continue inflating the economy with debt because the braindead goyim believe the manipulated unemployment numbers and will continue slaving for shekels even if they have to survive by living in a single bedroom apartment with 2 niggers and a lesbian eating ramen noodles.
2d3ae0 No.5441479
>>5441458
Neo-feudalism. You understand it, Anon.
Those are the stakes we're playing against.
Either we fight it or we all wind up wearing slave collars and thanking the overlords for only three kicks in the face and belly per day instead of five.
2d3ae0 No.5441549
Anons, what I'm saying here is:
GET THE FUCK OUT OF THE MARKETS NOW
GET YOUR FAMILY OUT
GET OUT OF THE FUCKING BANKS
GO TO CASH BEFORE IT'S TOO LATE
7c9cfc No.5441662
>>5441549
how would I convince my parents to do this?
I have tried for years and they just look at me like i'm crazy.
adcee0 No.5441729
>>5441549
I don't think you understand. There is no safe haven, currency is slavery. They'll just keep changing the rules in their favor, we have to let go of currency all together.
96a4c9 No.5441772
>>5441413
Where are the numbers for 2011 to 2016?
ebe940 No.5441784
>>5441223
This is why I can't dismiss the econhappeningfags out of hand.
We know the information is being gamed against us, but the flaw to gaming data is you begin to game yourself in the process.
And that makes the entropy rapidly advance in any organization.
0e5eab No.5441822
Jesus, stop being such a doom sayer.
Markets are fine, stores are packed to the brim with goods. Wages are rising again and people are spending.
Welfare checks still come on time and society is a OK.
Absolutely nothing will happen that will shake this status quo. You got no idea how powerful the dollar is. It will be eventually world currency, mark my words.
d7c930 No.5441839
>>5441822
Checked
But this doesn't sit well with me. There is far too much going on for things to be a-ok goys don't worry bout nuffin.
2d3ae0 No.5441861
>>5441772
I'm not a derivatives guy.
I've heard that there are only a half dozen people who really understand all the causality chains and total values of all the derivatives. I found this table though.
https://www2.isda.org/attachment/NzIxMQ==/OTC%20Derivatives%20Market%20Analysis-%20Interest%20Rate%20Derivatives%20FINAL.pdf
Lots of data gets separated out and "normalized" so generally you rely on specialists who'll actually give you the big picture, the jews try to make everything as obscure as possible so they can massage the data and stats more easily.
0e5eab No.5441871
>>5441839
Absolutely nothing will happen that will shake this status quo. You got no idea how powerful the dollar is. It will be eventually world currency, mark my words.
0e5eab No.5441885
>>5441871
Fucking kikewheels fix ur site!
2d3ae0 No.5441899
>>5441871
Do you have any proof or are you just going to shitpost?
bfc6fb No.5441900
0e5eab No.5441935
>>5441899
The fact that world didint end at 2008 is enough.
If colossal, titanic scale meltdown of that scale was swept under the rug and papered over… there is literally nothing, short of Armageddon style asteroid, that could crash the economy.
2d3ae0 No.5441984
>>5441935
So you don't have any proof and are here to shitpost.
You also apparently don't understand numbers. You realize that the derivatives problem, globally, is calculated to be in the quadrillion range, right?
This isn't just some houses. Almost every single government on the planet is technically illiquid, corporations are shuttering, oil reserves are filling up, trade is grinding to a halt, unemployment is at the highest it's been since the Great Depression, and the government is desperately trying to paper over it except the sheer scale of the problem means that the numbers don't work anymore because everything is going exponential.
Yet here you are, shitposting and trying to get dubs, telling everybody "all is well" while Obama and his Plunge Protection Team is desperately bailing trying to make sure the next president is the one holding the bag for what is going to be the worst financial disaster since the collapse of the Roman Empire.
A few bad mortgages almost collapsed the economy last time, and now everyone is leveraged to the hilt, margins are thinner, and individuals are up to their eyeballs in debt.
http://www.wsj.com/articles/total-u-s-auto-lending-surpasses-1-trillion-for-first-time-1439478198
d96456 No.5441988
>>5441935
besides the fact that in reality the population is way worse off now than in 2008. in 2008 people still had savings. its over soon, the illusion can only be kept up for so long. debt will do its deed and hyperinflation will set in.
2d3ae0 No.5441996
0e5eab No.5442016
>>5441984
And yet, the suns rises, birds sing, god in his heaven and peace on earth…
Whatever will happen nexst, the fed just gona turbo print and it will be swept under the rug, again.
9dbbb9 No.5442035
J-just wait another month
2d3ae0 No.5442048
>>5442016
The muslims rape, the niggers rob, and your family gets murdered, and you're dumpster diving all while the sun is shining and the birds are singing.
You fucking dissembling kike, somewhere out there is a noose with your name on it.
2d3ae0 No.5442053
>>5442035
That's exactly what Yellen & co are doing. They're postponing the inevitable as long as possible, and they're hoping they can have Hillary in place for the collapse to usher in the new world currency.
0e5eab No.5442086
>>5442048
Not in America.
America stronk!
fd2140 No.5442101
I hope you anons have some gold or silver (or are planning to buy some soon), economic data points towards a currency crash.
At this point the entire world economy is in a naked emperor situation, most people who are clued on know its shit but they think that everyone else thinks its fine because no one is saying anything and the central banks are shouting that everything is fine.
fd2140 No.5442134
>>5442053
>That's exactly what Yellen & co are doing. They're postponing the inevitable as long as possible
And in doing so making the coming crash that much worse.
>they're hoping they can have Hillary in place for the collapse to usher in the new world currency
Not exactly, they want Hillary in place before the crash so that they will keep their jobs after it happens. Trump (or anyone else, including (((Bernie Sanders)))) isn't going to keep Yellen and her cronies in charge of the Fed.
China and Russia have been buying up shitloads of gold (far more than what they will admit), from memory China unofficially has something like 88 tons of it (more the US government is supposed to have but doesn't). When fiat currencies start to collapse they will say their currencies are now backed by gold and they will remain stable while everyone else's goes to shit.
fd2140 No.5442154
>>5442134
>China unofficially has something like 88 tons of it
Sorry, I was way off the money there, last year alone they officially purchased more than 100 tons of it
http://www.reuters.com/article/us-china-gold-reserves-idUSKBN0UL13H20160107
fd2140 No.5442173
>>5442154
sage for triple post
Article says they have 56.66 million troy oz of gold, thats 1,762 metric tons.
2d3ae0 No.5442495
>>5442154
I've heard a rumor that MH370 had a cargo load of gold meant for China, which is why it was diverted to Diego Garcia. Something on the order of a few hundred million dollars worth.
be534f No.5442569
Time to short the rare pepe market like Soros
adcee0 No.5442711
4pol before the exodus was far better than 8pol has been since.
Let the wheelchair burn him alive.
e82469 No.5442737
Regarding MH370
Maximum payload: 51 250kg
Range with maximum payload: 10,750 - 14,300km
Flying distance Kuala Lumpur to Beijing: 4417 kilometers
"Lithium battery" payload: 2453kg
24k Gold, 2453kg: $100 million USD
Total cargo, according to Malaysian Airlines official waybill: 9947kg
So, it can carry 50,000kg of cargo, only had 10,000kg, and 2,500kg of that was "lithium batteries."
2,500kg of gold is worth $100 million USD, and there was a whole lot of extra space on that plane.
My theory is that it was a gold heist, a huge one, and nobody's talking.
http://www.airlines-inform.com/commercial-aircraft/Boeing-777-200.html
http://www.airmilescalculator.com/distance/kul-to-pek/
http://www.zerohedge.com/news/2014-05-05/latest-flight-mh-370-shocker-two-ton-cargo-mystery
http://www.mot.gov.my/my/Laporan%20MH%20370/MH370%20-%20Cargo%20Manifest%20and%20Airway%20Bill.pdf
2d4f1e No.5442794
>>5442737
I fucking love /pol/
fc3e68 No.5442808
>>5442737
>you will never pull off a $100 million dollar gold heist
Just kill me now
e82469 No.5442874
>>5442794
>>5442808
40,000kg of "empty space"
If it was packed to the gills:
40,000kg gold - $1.6 billion USD
Possibly $100 million to $1 billion USD of gold on that flight.
What's one little plane with a few hundred passengers in the grand scheme of things?
e82469 No.5443173
Our neighbors to the north aren't looking much better either.
“As we have said a few times before, the collapsing commodity prices will not spare Canada. Canadian housing prices, particularly in Toronto and Vancouver, have gone up significantly, driven by lax policies at CMHC (Canada’s equivalent to Fannie Mae and Freddie Mac). Canadians have accessed their increasing real estate wealth through lines of credit easily available from the banks. Sounds familiar? This is exactly what happened in the United States before the financial crisis in 2008/2009. If history is any guide, this will reverse and we continue to be shocked at the massive debt levels incurred by young people (below 45 years old), with no financial buffer against hard times as the C.D. Howe report, Mortgaged to the Hilt, shows.”
http://www.theglobeandmail.com/report-on-business/economy/canadians-debt-burden-still-growing-hits-record-in-fourth-quarter/article29172712/
http://www.fool.ca/2016/03/14/is-canadas-warren-buffett-right-about-canadas-housing-bubble/
e82469 No.5443248
It's not looking so hot across the pond, either.
"Unemployment is only 10.3%! Good news! It's not like we lie or massage the numbers, and don't count all the muslims invading and getting benefits!"
http://www.bbc.com/news/business-35694107
http://www.tradingeconomics.com/euro-area/
fd2140 No.5443426
>>5443282
>2nd graph
>those sudden jumps
>sometime in late 2009
>Hey! people of Venezuela, its your friendly socialist government here, you know what we think you really need? for your purchasing power to be halved!
>sometime in 2012
>Hey! people of Venezuela, its your friendly socialist government again, we don't think you got the message last time, so we decided to go ahead and cut your purchasing power by another 33%
e82469 No.5443450
>>5443426
Ready for the one-two punch?
"Venezuela’s bolivar fell past 1,000 per U.S. dollar in the black market as world’s fastest inflation erodes the value of the South American nation’s currency. That means that the country’s largest denomination note of 100 bolivars is now worth less than 10 U.S. cents. The currency has declined 16.9 percent in the past month to 1,003 bolivars per dollar, according to dolartoday.com, a website that tracks trading in street markets where Venezuelans go to skirt limits on foreign-exchange purchases. The government maintains official rates of 6.3, 13.5 and about 200 bolivars per dollar for authorized purchases of items deemed essential."
http://www.bloomberg.com/news/articles/2016-02-03/venezuela-bolivar-falls-through-1-000-per-dollar-in-black-market
https://mises.org/library/venezuelas-bizarre-system-exchange-rates
fc75db No.5443461
What would happen if Trump says that he's nominating Ron Paul to head the fed to return the gold that's in the vaults to it's rightful owner who the gold was confiscated from in the first place?
e82469 No.5443471
>>5443461
The jews would declare war just like in 1936.
05be97 No.5443489
watch Deutsche Bank, they're ready to collapse and take the whole system down with them
5931f5 No.5443511
>>5441422
It may be fake but these fuckers buy real land with it.
dba2bd No.5443612
>>5443511
Exactly… That is the tragedy in all this. These fuckers are using their monopoly money to buy real assets, such as land, industries, IP, and minerals…. It IS very real, and it is a disgrace.
fd2140 No.5443673
>>5443450
yay! socialism!
>items deemed essential
I guess that doesn't include toilet paper
9bf1e8 No.5443686
>>5442737
Unless the captain put on more fuel than he declared the total distance would only be about 2 hours flying time more than the destination.
f1c3ba No.5443762
good redpill info in here
e8f4bf No.5443824
YouTube embed. Click thumbnail to play.
>>5441935
>The fact that world didint end at 2008 is enough.
>If colossal, titanic scale meltdown of that scale was swept under the rug and papered over… there is literally nothing, short of Armageddon style asteroid, that could crash the economy.
(Vid related)
2008 was the last chance we had to fix this shit, its going to get alot worse next time around.
2f16d5 No.5443869
File: 1458289394898.gif (1022.66 KB, 356x229, 356:229, tumblr_nhy2w9JXjt1u7ojs5o1….gif)
>>5441413
>100's upon 100's of trillions with a gosh darn capital T
Well butter my butt and call me a biscuit. Are we really supposed to believe this bullshit. Some dumb as a post bankster minions come up with some hocus pocus bullshit money games and all the sudden over the next hundred years these companies and investors are supposed to conjure up literally hundreds of trillions out of thin air while the rest of us are trying to save up money for a new boat to go catfishin on! After all the shot they pulled already! Yeah…. I don't fucking think so. I'll be damned! That dog just won't hunt. They'll make the nation madder than a wet hen. These pigs R gonna ta pay I reckon. You can't baptize a cat.
53f3cd No.5443987
>>5441861
I'm one of those people. Derivatives are straight up gambling. Look up a CoCo bond. There is nothing underwriting any of these derivatives, in the case of CoCo, or contingent collateral bonds, the only thing you can clear for is a stock "coupon" that no exchange even has to honor. Angels shooting craps on pinheads, essentially. Get the fuck out of markets, period, you will be sacrificed on the alter with everyone else.
2d6ca4 No.5444244
anyone got any good documentaries and whatnot on the topic of the economic collapse?
also any econfags here have any predictions?
570325 No.5444287
File: 1458295055747.jpg (344.74 KB, 1536x817, 1536:817, musings of a slowly dying ….jpg)
>>5444244
When I began here, a few years back, I found this. After learning economics, and recognising the trends as they are, I can tell you that this is exactly what will happen. Failing that, proper economic woes will be used to leverage some seriously fucked up (or perhaps cathartic) political maneuvers.
If you want to learn why this is as it is, I recommend the books
>Web of Debt (Ellen Brown)
>Manifesto for the Abolition of Interest Slavery (Gottfried Feder)
or if you have ADHD, the documentary "The Four Horsemen" found on YT should suffice.
9933d5 No.5444350
>>5444016
>student loans.jpg
leftist don't think colleges are socialized yet but who is going to pay that debt. Colleges are falling apart and a degree is worthless because the market is saturated with nincompoops with worthless degrees. Leftist actually think socializing colleges more will elevate this problem when soon higher education will eventually be as bad as state run high schools.
>>5444287
Musing of a Slowly dying civilization. Chilling but I've been trying to tell people it's not going to be an apocalypse. Its going to be 100 years of slow death like what happened in the USSR.
000000 No.5444444
>>5441549
What can I do?
I have 2000€ on my account, no debt.
I can't eat gold.
What should I buy before it all fucking crashes?
4e1d60 No.5444452
911513 No.5444455
>>5444444
buy rope and rope accessories
e8f4bf No.5444459
>>5444244
I can highly recommend the video I posted here, it has close to 4 million views and is from 2012.
>>5443824
It details the last collapse, why the bailouts happened and where the money went. It mostly focuses on the USA and EU.
You'll notice some familiar faces such as Peter Schiff and Gerald Celente both being interviewed.
It's a good watch, it goes for 45 minutes but by the end of it I was wishing it went longer.
50b168 No.5444464
>>5444444
NICE DIGITS AND ID COMBO FAGGOT
e8f4bf No.5444476
>>5444444
Purchase enough longlife food to last 3 months, here in Australia I spent about 700AUD filling up my pantry.
*Canned tuna, vegetables, beef and ham.
*Longlife milk, pasta, pasta sauce.
*Iodized salt, milk powder, gravy powder
*About 50 litres of water
*chocolate
I'd suggest getting some silver and gold (for wealth preservation) and a weapon too perhaps. Baseball bats or a machete for home defence since you Euro's are like us and its pretty hard to get a gun.
a81484 No.5444479
a81484 No.5444482
>>5444476
Powderized milk is highly underestimated also.
5eb75c No.5444492
>>5444476
Well, as long as he will buy food that doesn't spoil, he will be alright.
911513 No.5444497
>>5444476
>no oils and fats
good goyim
64bb76 No.5444571
Why is this stickied? Sticky the thread when the crash fucking happens, it's been six months since this happening failed to coalesce.
000000 No.5444598
>>5442101
>I hope you anons have some gold or silver (or are planning to buy some soon), economic data points towards a currency crash.
I've been hearing this for years but something has always puzzled me: who will buy your gold after the crash happens? Most people won't have gold to trade and their bank accounts will be toast. Their suburban shitboxes built with rickety wood and Chinese drywall aren't worth shit either. They have nothing of value aside from useless trinkets made in China (if that). How do you imagine this playing out? If the world economy has cancer, there is nowhere to run. Your gold will just be a shiny metal albatross around your neck. Even if you could buy a plane ticket with gold, the economy at your destination will probably be fucked too.
If this is as bad as you think, then you'd better spend your money on real shit you can depend on: defensible well-built housing, land with good soil and a natural clean water supply, good quality tools, reliable weapons, maintenance items & parts, garden/hydroponic/aquaponic equipment, building materials, camping supplies, fuel, liquor, cigarettes, etc.
Gold might be useful in a *stable* post-crash society, but that's a long way off. In the meantime you'll need to figure out how to get shelter, food, water, and protection.
In the future horror world you seem to be imagining, a pack of cigs or a box of ammo will be more valuable than a gram of gold.
fd2140 No.5444599
>>5444444 (fucking checked)
/k/iwi here, let me help
>I have 2000€ on my account, no debt.
The 2000€ is good, not having debt wont matter too much since the response to the coming currency crisis by central banks will probably be to print money into hyperinflation.
In a hyperinflation situation those in debt win and those with cash savings lose, the biggest debtors are governments so they are the ones who win the most (they are also the ones who get to print the money, massive conflict of interest in my opinion).
>I can't eat gold.
True
>What should I buy before it all fucking crashes?
Food like >>5444476 said, my kit is
>rice (god-tier source of carbs that is cheap and lasts ages)
>canned tuna
>canned mutton
>pasta
>mixed frozen vegetables
>salt, mixed herbs, etc
>vitamin pills (really important, you cant count on getting your essential vitamins and minerals from a survival diet)
>tea and instant coffee
>powder milk
>cooking oil
>water purification tablets (ESSENTIAL) and filters (HIGHLY RECOMMENDED)
Next is a weapon, I have two rifles and shotgun with plenty of ammo for each, however being a euro your access to firearms is likely limited unless you live in one of the few nations which let their serfs own guns. If you live in such a nation then buy a cheap 12g pump shotgun and some shells, 00 buck shot is the go-to self defense load and is widely available, but also get some bird shot so you can hunt small game if things get bad. A good knife is also recommended.
However, in the likely case that you cant get a firearm then you are going to have to come up with something creative, a fire axe is something that comes to mind. A knife in this case is essential.
Some cooking equipment is also a good idea, one of those cheap camping stoves with plenty of spare gas tanks.
Army surplus stores are a gold mine for high quality survival equipment and low prices.
Once you have the main essentials, food/water, survival equipment, and weapons, then you can look to preserving your remaining wealth. Both gold and silver are undervalued at the moment, however silver is very undervalued and will appreciate as much as gold will (if not more).
>>5444497
>canned tuna
>not full of essential oils
000000 No.5444626
>>5444452
>>5444455
Here, have a filter kike scum.
>>5444476
Thank you for the recommendations.
Luckily we have a plot of land at our suburb home just enough to grow for a family of 5. And our grandparents have a farm in the countryside where we get most of our meat&eggs. And our pantry is full of beats, potatoes and apricot jam.
I have a sport bow but I'll try to make some crossbows since I like to diddle with wood and shit.
I'd never thought that I'd be thankful that our country is basically 2nd generation that isn't all farmers. And basically everyone has some relatives that own a plot of land. Thank you based ancestors who valued farm land over everything else.
>>5444581
My sextuplet get confirms it. We're going to crash this economy. And with little luck and Trump on our help with no kike survivors.
fd2140 No.5444639
>>5444598
>I've been hearing this for years but something has always puzzled me: who will buy your gold after the crash happens?
You would be surprised, here is a first hand account of the Bosnian war
http://www.silverdoctors.com/gold/gold-news/one-year-in-hellsurviving-a-full-shtf-collapse-in-bosnia/
>6. Were gold and silver useful?
>Yes. I personally traded all the gold coins in the house for ammunition.
>If this is as bad as you think, then you'd better spend your money on real shit you can depend on
>defensible well-built housing
Kinda check
>land with good soil and a natural clean water supply
I live next to a river so check
>good quality tools
I own tens of thousands in tools
>reliable weapons
See >>5444599, I own guns
>maintenance items & parts
A little lacking on this aspect
>garden/hydroponic/aquaponic equipment
>building materials
Can be looted
>camping supplies
Check
>fuel
Check
>liquor
Check
>cigarettes
Dont smoke
5cf3f1 No.5444653
>>5444444
before economical colapse
>I can't eat gold.
after colapse
>I should have bought gold
BUY GOLD YOU FAGGIT
574181 No.5444666
>>5444598
>who will buy your gold after the crash happens?
Anyone who wants to use a currency rather than being forced to barter.
18a3d0 No.5444669
But CNN say then unemployment is low!
What do they mean by this?
e8f4bf No.5444690
>>5444669
Assuming your serious, they are cooking the numbers. I've heard in the US for example that:
*part-time and casual work counts towards full employment numbers.
*study at university counts as being employed.
*if people have given up on looking for work, then they are not counted in the statistic at all. So only those who register for looking for work count towards the total unemployment figure.
c009d3 No.5444696
>>5444669
the Obama administration redefined unemployment to leave out people who arent looking for work anymore, among other things
a vast number of people have just given up entirely
fd2140 No.5444700
>>5444669
>But CNN say then unemployment is low!
>What do they mean by this?
Unemployment is the percentage of people in the labor force who are currently not employed, in other words if you take the number of people who are employed or are looking for work then the unemployment rate is the percentage of people who don't have a job.
Obama has been manipulating this by messing with full/part time laws, this has forced employers to cut down the number of full time employees and hire more part time employees which artificially drives down unemployment (but the total amount of work remains the same, its just that less people are working full time).
However the real statistic is the labor force participation rate, this is the percentage of people of working age who are not employed or looking for a job. This is the real indicator because it shows how many people have just given up looking for work and have taken up the NEET lifestyle.
000000 No.5444746
>>5444639
>I live next to a river so check
is it clean? is there industry nearby (and that includes farms)?
natural springs are best. rivers are iffy, especially in populated environments.
get some water filters and learn to distill water with sunlight. learn how to collect rainwater or better yet set up a catchment system if you 'own' a house
>I own tens of thousands in tools
are they reliable? do any require specialized spare parts?
serious machine tools in a collapsing society would be god-tier, by the way
>Can be looted
you'd be surprised at how difficult that is to do when you need it ASAP
>Dont smoke
not for you, dummy! for trading! buy airplane-size bottles of booze too
you'd be surprised what sorts of shit people will do for a cig after going cold turkey for a few days
>>5444666
>Anyone who wants to use a currency rather than being forced to barter.
how likely are you to run into another goldbug during your travels, mr satanic trips?
the average person has probably never touched gold outside of shitty jewelery. in their minds, gold coins are in the realm of pirates and scrooge mcduck
f80ce2 No.5444748
YouTube embed. Click thumbnail to play.
>>5444444
CASH IN THEM SEXTUPLES FOR GOLD
f80ce2 No.5444787
>>5444571
>implying Lehman brothers collapsed immediately after the housing bubble burst
It takes time you faggot. Educate yourself.
fd2140 No.5444799
>>5444746
>is it clean?
Clean enough
>is there industry nearby (and that includes farms)?
Not nearby
>are they reliable?
Yes
>do any require specialized spare parts?
No
>serious machine tools in a collapsing society would be god-tier, by the way
Among the usual stuff, I have a lathe, mill, two welders, and access to other machine tools.
>you'd be surprised at how difficult that is to do when you need it ASAP
The trick is to plan ahead of time
>not for you, dummy! for trading!
I realize this, but I rather spend my money on other things which are higher priority.
>you'd be surprised what sorts of shit people will do for a cig after going cold turkey for a few days
I would rather not deal with potentially armed people suffering withdrawal symptoms of whatever shit they are addicted to.
77aeff No.5444966
Wall Street, or, the Jew Casino, as it is more commonly known,
a706e2 No.5445170
>>5444669
Unemployment is low, however if you look at the median household income its exactly the same as it was 20 years ago. Unfortunantly gas, food, rent, houses, cars virtually everything has doubled in price over the last 20 years.
The jobs are all shitty mcjobs that barely pay enough to live, thats why 1 in 6 Americans are on food stamps now.
Thanks for saving and rebuilding our economy Obama!
1089e7 No.5445236
>>5445170
'unemployment' is low - but something like 95million americans are out of work
they just redefined what unemployed means to make themselves look better
fdaa68 No.5445278
Are you joking me?
MNKD is the stock to rally around right fuckin now. Diabetics getting insulin via inhaler about the size of a key or whistle? I bought the dip and had like 17% gains yesterday, plus whatever happens today.
e849a9 No.5445366
Don't worry, OP.
In less than 9 months, China will be part of the SDR and the non-Spurdoburger nations will flock to glorious Communist Capitalism.
f80ce2 No.5445430
>>5445278
>using one stock's short term performance as an economic weather vane
83eca8 No.5445464
>>5441729
Which is why I say that its all fake.
These numbers are just that.
Bullshit made up numbers that have no tether to reality.
Guns are a solid investment, they retain value well.
83eca8 No.5445467
>>5445170
THIS GUY IS A JEWISH SHILL
HE IS USING FAKE MADE UP NUMBERS
>In economics, hedonic regression or hedonic demand theory is a revealed
>preference method of estimating demand or value. It decomposes the item
>being researched into its constituent characteristics, and obtains estimates
>of the contributory value of each characteristic. This requires that the composite
>good being valued can be reduced to its constituent parts and that the market
>values those constituent parts. Hedonic models are most commonly estimated
>using regression analysis, although more generalized models, such as sales
>adjustment grids, are special cases of hedonic models.
>An attribute vector, which may be a dummy or panel variable, is assigned to
>each characteristic or group of characteristics. Hedonic models can accommodate
>non-linearity, variable interaction, or other complex valuation situations.
>Hedonic models are commonly used in real estate appraisal, real estate economics,
>and Consumer Price Index (CPI) calculations. In CPI calculations hedonic regression
>is used to control the effect of changes in product quality. Price changes that are due
>to substitution effects are subject to hedonic quality adjustments.
https://en.wikipedia.org/wiki/Hedonic_regression
23892f No.5445479
>>5444444
buy some gold 0.5 - 1 ounce
5kg of rice
metal cooking pot
mountain bike
back pack
gun / bow+ arrows , big knife
good boots
good rain jacket
read some books
if you are only starting preparing now you are going to need more luck that accidentally getting hextuples.
get ready to ride away if you need to.
f80ce2 No.5445490
ATTENTION GOYS
RESUME NORMAL ACTIVITY
NOTHING UNUSUAL IS HAPPENING
CONTINUE INDEBTING YOURSELF AND CONSUMING AS ANY GOOD PATRIOT WOULD
83eca8 No.5445493
YouTube embed. Click thumbnail to play.
The video is part of another one of those 'Truth Cults', but the information is solid.
Check it out.
>>5445467
>Some commentators, including Austrian economists, have criticized
>the US government's use of hedonic regression in computing its CPI, fearing
>it can be used to mask the "true" inflation rate and thus __lower the
>interest it must pay__ on Treasury Inflation-Protected Securities (TIPS) and
>Social Security cost of living adjustments.
This is the hallmark of the Jew. Fudging the numbers.
You can not use 'their' data to make any rational decision.
83eca8 No.5445499
>>5444444
Don't buy paper-gold either.
If you are buying metals, make sure that you have them in you hand.
They have over leveraged the precious metals markets to something ridiculous like 250+ paper claims for every physical ounce of gold.
1dbe55 No.5445508
>>5445490
what if the only debt i've ever had was a small home mortgages (less the 35K) and i'm already halfway done paying on it?
and i have a vary stable income from two jobs and im making good savings?
what do i do? (by good savings i mean about 650 a mouth guaranteed saved )
83eca8 No.5445521
>>5445508
You sound like a good little goy.
Too bad all the value you have pumped into your home is about to be wiped out.
Yea it sucks, but its how the world works.
You are not supposed to get ahead.
23892f No.5445545
>>5444476
you are going to need much more water. that is barely enough for drinking for 2 people for 2 weeks.
you are going to need this much drinking water
1 person 150 L 3 months
2 person 300 L 3 months
3 days without drinking water and you're dead.
washing your self is hard to do with less than 5 liters.
I am off grid for water and I have 26,000L storage.
1dbe55 No.5445547
6b8435 No.5445629
>>5441318
It's fucking disgusting. It's funny because the NZ economy is doing pretty good. The rest of the world is turning to shit. The kikes aren't fucking our economy for a reason, so they can all come here and hide away in estates in southland, protected by their boy Jew Key.
Buy NZD if you want to get rich.
4f8241 No.5445697
>>5441090
How do you bet against the market? Seems like a great time.
e5a034 No.5445711
CTRL-F search for Audit
no results
A partial audit of the Fed in 2012 showed 16 Trillion in secret 'loans'
16 Gorillion
http://www.sott.net/article/250592-Audit-of-the-Federal-Reserve-Reveals-16-Trillion-in-Secret-Bailouts
google for more
e5a034 No.5445731
>>5445697
You buy "Puts"
A put is an option to sell at a price
It's less risky than a Short, which is a loan of shares to sell immediately, which you buy to cover at a later date.
Careful on the puts tho, because the timing is crucial. Time value of money is the key way that options sputter out.
23892f No.5445775
>>5445629
because its already fucked and there is nothing left to extract. you may be right that NZ is a bolthole for ultra wealthy.
but they could just print their own money (or use gold and silver) and NZD will remain just as mediocre as they have been for decades.
home ownership is dropping in NZ so much it will soon be a land of tenants, guess who all the land lords will be? so in that case even if 1 NZD is worth 100USD you wont have any to spend anyway because rent and living expenses will be so high. how much is a tank of gas for you $2 per liter, ie $8.36 per gallon?
23892f No.5445810
>>5445521
you should not try to save money while you have a mortgage, you should have sped up repayments on your mortgage. too late now though.
if you are urban or suburban you need to move to the country. Sell up now find a place that is defend able and offers ability to be self sufficient.
23892f No.5445848
>>5445493
Crash course is pretty good in term of analysis and suggestions, they don't promote the same solutions as us but for normies its good insight into how they are being fucked over.
With a bit of luck a few will look into it deeper and realize it was always the jew and maybe another one of us will be born.
oh yes the numbers are bullshit to disguise the fact that all the growth in the economy is being stolen by the jews at the top.
the incremental lie leading to self delusion is and interesting take but really its planned and deliberate to obfuscate the thefts.
fc75db No.5445866
>>5443489
Hyper inflation will bring forth a cashless society because instead of wheel barrels full of cash you would use a charge card.
ebe940 No.5445926
>>5445866
cashless economy=controlled economy
fc75db No.5445949
>>5445926
not in support of it I'm just saying people won't be use cash if we go Zimbabwe as either it will be too inconvenient to use cash,or the government will stop producing it.
ddd8f9 No.5445957
>muh graphs
>nothing ever actually happens
Economy spergs are the worst of all.
bdb771 No.5445963
>>5445957
Reported for shitposting.
ddd8f9 No.5445971
>>5445963
Top kek, economy spergs are so easy to trigger.
5583f8 No.5445998
>>5445810
That's what I want to do, but what state is even good? I'm currently in CA so land is fucking expensive, but that might not be true in rural areas.
d96456 No.5446175
>>5445971
what are you a fucking election fag spamming god emperor threads?
8f61f6 No.5446260
>>5445236
Jesus tapdancing Christ. After a lazy google search , thats like 1/3 of the US population.
153f52 No.5446273
>>5446260
Then you can count close to half the US working population are unemployed. Those numbers are bullshit.
Trump is claiming that it's 30 million unemployed or something but everyone is calling out for lying about those numbers.
136133 No.5446657
>>5441549
>GET OUT NOW
>ITS FUCKING HAPPENING
>I HOPE YOU HAVE PLENTY OF FOOD, WATER, AND AMMO
Yeah. We've been hearing this for over a fucking decade. That food and water had to be replaced a couple times. It's like the boy who cried wolf now…just stop it.
0d98cb No.5446667
>>5444444
>>5445479
Only 5kg of rice? NIGGA STOCK UP.
ADD LUGOL'S SOLUTION IODINE TO YOUR LIST.
IODINE IS CHEAP AND CAN BE USED TO PURIFY WATER.
IT'S ALSO AN ESSENTIAL NUTRIENT AND YOU'RE LIKELY TO DEVELOP GOITER WITHOUT IT
Whenever my water starts smelling funky, like if I drank it straight out of the 3 gallon container like a barbarian, I add a few drops of lugols solution and the smell clears up within hours.
0d98cb No.5446702
>>5446667
Here's a pro-tip about iodine. Lugol's solution is mostly potassium iodide. Filterwars Jones will tell you that potassium iodide isn't absorbed or utilized as well as elemental iodine, and he's right. What he's not telling you is that you can easily turn potassium iodide into well-absorbed elemental iodine with a starch carrier. Boil any starch like potato or rich in hot water, save a little bit of the hot starchy water and add a drop of iodine. The orange liquid will turn very dark blue, looks black. Now you have elemental iodine neatly packaged within a starch.
0436ef No.5446794
YouTube embed. Click thumbnail to play.
The US Economy isn't going to fucking collapse you shit-heads. It's doing what the Japanese have been doing for 20-30 years. It's stagnating because we've loaded up with private debt and refuse to address it as an issue.
Neo-classical economists (aka Keynesians) think they can model the economy without money, banks, or debt.
China will be doing the same, they would face an actual financial disaster, and very well may; but they have command economic powers because Commie Party and the largest trade surplus on Earth. They will be able to float their debt crisis like the Japanese and us Americans.
Trump will bring the debt jubilee, jobs back from China, and rail criminal bankers. Literally MAGA
28b0c6 No.5446887
>>5446794
>The US economy won't collapse goys! Nothing will collapse the US economy goys!
Meanwhile, in reality; countries left and right are ditching the US currency completely, leaving the kike banks controlling the world's economy, ditching the petro dollar.
0436ef No.5447271
>>5446887
The only economy that's arguably doing better is the EU, which is headed for a total collapse.
But ok guy, tell me some Peter Shit tier crap about gold standards and austerity.
f80ce2 No.5447362
>>5446794
>The US Economy isn't going to fucking collapse you shit-heads. It's doing what the Japanese have been doing for 20-30 years.
It's the same issue but very different conditions. The Japanese economy 'only' stagnated the last 25 years because they still had Europe and America to sell to. Who does Europe and America sell to when their asset bubbles burst? When the two Western economies turn Japanese there will be a worldwide depression.
0436ef No.5447375
>>5447362
The US will stagnate on it's economic power/dominance as the world's reserve currency.
That's why countries are entertaining the idea of going off the dollar.
f80ce2 No.5447487
>>5447375
Yes. When the world's biggest economy wanes the rest of the world wanes with it. The Dollar standard will not disappear without a major crisis.
e62b06 No.5447521
Thank you OP.
We need more thread like this.
Volatility has calmed down.
Also, a major topic is: which of Deutsche Bank or italian banks will blow up first?
d806ae No.5447563
e82469 No.5447627
>>5447521
Deutsche Bank is my bet, they'll keep lending and lending while cash flow dries up.
31b109 No.5447743
>MUH ECONOMY
Jesus Christ, you people are among the stupidest on /pol/, I'm sorry to say.
The economy will never collapse. I say that as a fucking fact, because the money is not real and the kikes can manipulate to whatever end they desire.
An "economic collapse" would be completely engineered by kikes from the ground up. You can't look at some graphs and deduce when the collpase is going to happen, it doesn't work that way.
I've been on /pol/ for five years and you retards have always claimed the economic collapse is coming in the next [x] years/months/days and it's never happened.
People, on and off /pol/, have been predicting total economic collapse as long I can remember
e82469 No.5447836
>>5447743
>No economies have collapsed ever
9f9c63 No.5447861
7b0bcd No.5447878
>>5443612
If only you could nationalize that… oh wait, COMMIES!!!
f80ce2 No.5447899
>>5447743
>thinks that because you can't tell exactly when an avalanche will happen you can't see it coming
delouse yourself
feff9f No.5447919
>>5447743
>The economy will never collapse.
into the ovens you go
7b0bcd No.5448014
>>5444598
The last thing you said, it's better to sell after 10 years, than lose your savings anyway.
7b0bcd No.5448037
>>5443673
>implying capitalism doesn't end like this
>whole threads about fiat money, but "muh bad socialism" meme
2d3ae0 No.5448718
All anons should see this, so they know what's coming down the pipe. All of this information is freely available and easily accessible.
The political circus is a nice distraction, but ultimately the economy determines whether we thrive or starve.
e62b06 No.5448930
>>5447743
>People, on and off /pol/, have been predicting total economic collapse as long I can remember
The economy surely got a lot better in the meantime, you're right!
574181 No.5449555
>>5444746
>how likely are you to run into another goldbug during your travels, mr satanic trips?
>the average person has probably never touched gold outside of shitty jewelery. in their minds, gold coins are in the realm of pirates and scrooge mcduck
The problem here is that you lack a fundamental understanding of what currency is and does.
People know gold is valuable, that itself is good enough.
But more importantly than that, gold isn't good for anything else. That makes it excellent for using as a currency.
When you're in a barter economy, and you want joe's tractor; he wants to trade it for 40 sheep. Well, you don't have 40 sheep, but you do have 12 horses, but joe doesn't want horses. So you try and find bob who has 40 sheep and wants to trade those for your 12 horses. Good luck!
Gold, due to its inherent useless nature, is perfect as a currency. You're not going to eat it, you can't accidentally melt it and make it worthless, at best you can make something neat out of it and actually increase its value. Instead of offering joe your 12 horses for his tractor, you offer him a small gold bar. Joe knows gold is valuable, it's the sort of thing only pirates and scrooge mcduck usually have and he knows that he can trade this gold bar later for something else valuable. Joe takes the gold bar and gives you his tractor. Later, Joe trades his gold bar to bob for his 40 sheep.
Gold is a currency. It is a currency because of its natural physical properties that make it a currency as much as Iron's natural physical properties make it good to build heavy durable things with.
You don't understand this because you don't know what currency is or needs to do.
fd2140 No.5449835
YouTube embed. Click thumbnail to play.
>>5445499
>They have over leveraged the precious metals markets to something ridiculous like 250+ paper claims for every physical ounce of gold.
Its over 500 now lol
>>5449555
>Gold is a currency
No, gold is money.
>Gold, due to its inherent useless nature, is perfect as a currency.
Not quite, silver/platinum/palladium are valuable yet have many industrial uses, even gold has uses. The value of the precious metal isn't determined by its uselessness/usefulness but rather its scarcity (and current demand).
>You don't understand this because you don't know what currency is or needs to do.
Yep, to all the anons who don't understand the basic role that money and currency play in society I recommend this video series, it has a few redpills in it as well to do with international jewry banking.
e3c08e No.5450519
>>5449835
The shills aren't as good at the economics stuff, because it requires actual knowledge and not just a script.
The low-level kikes don't even understand it, which is why they're still (and always will be) low-level kikes.
e3c08e No.5450694
bump for the evening crowd
eb14ad No.5450784
They're keeping the market on life support until the attack that we all fully know is coming hits. Then they're going to finally let it die, and it will be ISIS's fault, of course.
I'm joking, it's true. It's absolutely true.
fd2140 No.5450862
>>5450519
>The shills aren't as good at the economics stuff, because it requires actual knowledge and not just a script.
Correct, just look at this guy here >>5448037 blaming 'capitalism' for this when the last time we were close to a capitalist system was during the industrial revolution.
>The low-level kikes don't even understand it, which is why they're still (and always will be) low-level kikes.
They still serve the purpose of their betters though, they are in a sense the useful idiots of the international monetary cabal.
e3c08e No.5452006
>>5450862
Well I hope that this thread met the right eyeballs, despite the sliding.
Take care out there guys, and remember that not all of us are financially able to prepare for this crash, but we warned you that it was coming.
ed5f28 No.5452079
>>5444444
Impressive. Very nice.
Guns, ammo, lots of water, nonperishable foods, knife (to open cans and shank your foes), medical equipment. You should have all these if you can afford them even if no happening occurs, it's general emergency preparedness.
95b091 No.5453071
>>5444444
What a waste you homo
000000 No.5453626
http://www.zerohedge.com/news/2016-03-18/9-signs-2016-looks-ominously-2008-just-crisis
If you haven’t seen the 2015 Best Picture nominee, The Big Short, I strongly recommend it.
The Big Short is based on Michael Lewis’ book which examines how such an extraordinary financial crisis gripped the world in 2008, and the handful of people who saw it coming.
The movie opens asking a very simple question about the global financial meltdown:
Wall Street missed it; the Federal Reserve missed it; the government missed it; every major financial institution missed it; the homebuilders missed it.
So how is it that a handful of people were able to see it coming? How could they see what nobody else saw?
Easy. They looked.
For anyone who actually looked, it was obvious that the banking and housing boom in the early 2000s was built on a house of cards. The data was all there.
Given the financial establishment’s astonishingly short-term memory and capacity to make even bigger mistakes than ever before, we now find ourselves in a very similar position today.
Once again, the financial system is in desperate condition. And the data is all there for anyone who cares to look.
Let’s look at a few of the numbers together.
Back in 2008, much of the calamity was caused by an implosion of “subprime loans” in the housing market.
These were frequently no-money down loans at teaser interest rates made to people with poor credit and limited income.
Banks made these toxic loans with your money.
The best example of this was probably Johnny Moon, a homeless man with no income or employment history who was able to borrow more than $600,000 to speculate in real estate.
The total value of these subprime loans was a whopping $1.3 trillion.
Not much has changed.
In 2016, instead of loaning money to subprime home buyers, the financial system is now loaning money to bankrupt governments.
They’ve even managed to go beyond “no-money down”, and are actually paying governments to borrow money at negative interest rates.
Japan is as great example.
Even though Japan’s national debt exceeds 200% of GDP, and it takes over 25% of tax revenue just to pay interest on the debt, the Japanese government is able to borrow money for ten years at negative interest.
This means that investors are GUARANTEED to lose money. It’s worse than no money down. And it’s total madness.
The bigger issue is that the size of this bubble is an astounding $7 trillion, far bigger than the subprime bubble in 2008. And it grows larger by the day.
To expect that this will turn out any differently is foolish.
Back in 2008, US government debt was “only” $9.5 trillion. The Federal Reserve’s balance sheet was $850 billion. Interest rates were over 4%.
So at least they had some capacity to slash interest rates and fight the crisis using traditional policy tools.
Today, US government debt exceeds $19 trillion, well in excess of 100% of GDP.
They have to borrow money just to pay interest, and they have entire pension funds that are on the brink of bankruptcy.
The Federal Reserve’s balance sheet has exploded to $4.5 trillion, and interest rates are barely above zero.
The government has no means to bail anyone out, including itself. And the Fed has no capacity to print more money and expand its balance sheet without causing a major currency crisis.
Simply put, the bubble is just as insane as in 2008, but much bigger. And the financial establishment has no ammunition to fight it.
23892f No.5453708
>>5446273
if someone is working 3 hours per week at the minimum wage are they 'employed' in the meaningful sense?
No in a way they can support them selves.
if you look at the way unemployment is measured its not what you would logically expect.
at lest half of all people have no jobs, housewives, children etc. of the rest of the population they will measure unemployment %for that groups after they have taken out certain groups like discourage workers ( hobos for example) other groups maybe be removed, disabled, college students.
Once you realize the figures are cooked you could easily double most published unemployment figures. remember there will always be housewives and children that will never work.
23892f No.5454613
>>5449835
Its a good start for normies on economics and monetary systems but…
why does he not start in Sumer where money was standardized into shekels,175 grains of silver, (barley grains were the weight standard).
and the real problem was the swindles that began to occur once towns started getting big enough to support parasitic classes. these classes manipulated society and eventually became the Jews.
Silver and gold actually allowed the Tamkaarum to hoarde wealth and manipulate money supply and create crashes and foreclosures. yes foreclosures were happening 5000 years ago.
The shekel is older than the Jew.
23892f No.5454619
>>5449835
Read the Sumerian swindle by G-D
000000 No.5454726
>>5449555
gold currently has a number of industrial purposes. it's just like any other commodity and subject to the same market fluctuations. saying it's "inherently useless" just makes you look stupid
>You don't understand this because you don't know what currency is or needs to do.
literally anything can be used as form of exchange and for storing value. there's nothing inherent in gold that makes it special, just a historical fetish.
your "40 sheep" scenario doesn't make sense in an unstable economy. that sort of scenario never really existed. it's a fucking meme. go read '5000 years of debt' and you'll understand.
merchants used gold when trading across great distances in foreign economies, but locally functioned by and large as gift economies (where the debt ledger was baked into social interactions)
no one is going to keep a vast array of desirable but non-directly exchangeable commodities in a collapse scenario (an extended emergency). people are going to be trading shit with immediate use-value, such as ammo and food. keeping gold bars around doesn't help in this situation because there's no downside to having an excess of food or bullets but there is a downside to having an excess of gold. worst case scenario is that you trade for shit you don't necessarily need but you can still consume these items. with gold, that becomes impossible.
look at the bosnian war article >>5444639 linked to. see the mention of gold? is it used prolifically? no! people are trading tins of food, candles, lighters, ammo, hygiene products, etc.
from the article:
>I personally traded all the gold coins in the house for ammunition.
>Everything we needed we traded for through barter.
go look at what happened with disasters like hurricane sandy and katrina. was anyone using gold? no!
the only reason to buy gold is if you need a compact portable store of value in order to get your savings out of an unstable economy into a stable one.
if this collapse is global, there is nowhere to go. real wealth in such a scenario is self-reliance and the ability to maintain it.
gold will be useful when things get back on track to some extent. when is that going to happen?
fd2140 No.5454797
>>5454613
>why does he not start in Sumer where money was standardized into shekels,175 grains of silver, (barley grains were the weight standard).
Because its better to start further back to demonstrate why random sized chunks of gold isn't proper money.
>>5454726
>look at the bosnian war article >>5444639 (You) linked to
>see the mention of gold? is it used prolifically? no!
The point is that people were willing to trade what is possibly the most useful item (ammo) for gold shows that people still find it valuable in a crisis.
Resorting to barter isn't a symptom of people not valuing gold, its a symptom of it not being widespread or in a form which makes it easy to use in trade.
>go look at what happened with disasters like hurricane sandy and katrina. was anyone using gold? no!
Thats because that crisis was short term and localized, initially people were looting to survive and then the government came in and started handing out food/water. Long term economic collapse is a different story.
ae7840 No.5454828
>>5444455
Like colored rope? Picture relevant.
000000 No.5454906
>>5454797
>Long term economic collapse is a different story.
all long-term collapses start as short-term crises, and "short-term" can mean months.
719d83 No.5456345
>>5449835
Gold, silver, etc are only valuable in a stable, working economy (ie to process/use gold–you need machines, power/fuel for the machines, stable wages for workers etc). And the only use for gold as far as I know is in computer circuitry. (Soon it wont be needed there either)
fd2140 No.5456422
>>5456345
>Gold, silver, etc are only valuable in a stable, working economy (ie to process/use gold–you need machines, power/fuel for the machines, stable wages for workers etc).
Of course, thats why I recommended up above for it to be the last thing that >>5444444 buys. Survival is first priority, coming out on top of everyone else when things start to return to normal is icing on the cake.
>And the only use for gold as far as I know is in computer circuitry. (Soon it wont be needed there either)
Irrelevant, the point isn't that its useful, the point is that its rare.
The difference between people like you and people like me is that I am capable of turning crisis into profit (inb4 you call me a jew). But don't worry, when shit hits the fan I will gladly trade you cans of beans for your gold or silver (at greatly inflated prices).
8fe17c No.5456448
>>5456422
Why even bother addressing these neanderthals?
Most will be lucky to be free of debt so forget any savings and to them, everything is either McMansions or a sequel to, 'The Road'. Gold's no good when zombies are trying to eat your brains. Seriously, fuck these dumb hicks. They don't count. Never have, never will. Nth generation dumb fucking hick.
23892f No.5456501
Because its better to start further back to demonstrate why random sized chunks of gold isn't proper money.
Ok fair point but if a shekel of silver is 175 grains it stands to reason the the initial unit of silver is 1 grain and it would have been traded in grain weights first. Sumer was the first civilization also so when people don't want to start history there i get a little suspicious especially considering the massive amount of translated clay tablets.
the word tamkaarum is where Latin gets its word macarum (market, commerce).
All of the modern finance, business, political swindles originated in their modern form in Sumer also.
23892f No.5456559
>>5456345
Gold is more valuable the less stable the economy is.
barbarians besieged Rome and demanded 2000 ounces of silver or they would sack the city.
Caribbean pirates generally valued gold higher then anything else.
gold was valuable long before there were computers or electronics.
gold is real money and few other things are real money, silver come close.
fd2140 No.5456619
>>5456559
>gold was valuable long before there were computers or electronics
As was silver, there have been various silver standards throughout history.
>gold is real money and few other things are real money, silver come close.
The only difference between gold and silver is the supply, both are money and both are valuable.
At this time silver is highly undervalued and is the better of the two metals to be purchasing at the moment. The historic gold:silver ratio for most of recorded history has been between 1:10 and 1:15 (1 ounce of gold buys between 10 and 15 oz of silver depending on the time period and location), however at the moment its up around 1:80 (despite the total amount of silver available only being about 10x that of gold).
The reason for the high ratio is that currently people don't view silver as valuable as gold, investment demand is in gold because its not seen by most people as a serious investment. However when currencies start to tank and people rush to precious metals as serious investments then attitudes towards silver will change, and while gold will go up in value silver will go up far more.
23892f No.5456794
>>5456619
gold is more durable than silver
gold is more recognizable then silver
gold is more rare than silver (yes you are correct)
yes the Au/Ag ratio is very different to historical averages.
the biggest disadvantage to silver is it is not as recognizable as gold. any fool know what gold looks like.
many metals look silver colored and are not very valuable Tin (Sn) for example looks a bit like silver to the novice and most people are aware many metals are silver colored such as stainless steel.
yes Silver is undervalued and in the paper market oversold by about 90:1 last time I checked.
I have some silver and I live very far from major population centers and am off grid for water and heating.
you know your stuff anon, good luck.
c45e97 No.5456940
I have been buying oil (RDS already made 20%) and hedging it with evil jewish derivatives (call options). Imagine yemenese rebels start bombing saudi oil plants! If not then profits will come in a few years when the oil glut is dry. Also buying pharmaceuticals and biotech (Amgen), looking to buy agriculture and defense (looking at LMT), I also have semiconductors (ASML). I think these are the most useful investments, perhaps also some gold if you want to hedge against inflation. Another idea if you are European is short insurance and long on banking, historicaly banking does better than insurance so even in the event of a crash you will probably make more money on your short position than you lose on your banking position, though I only recommend this in a diversified portfolio.
23892f No.5456976
>>5456940
ask how many Yugoslavs made lots of money for stocks when their country was ripped into 5 pieces with 5 years of civil war.
all that paper means nothing when the banks are closed and there is no phone or internet.
in Yugoslav civil war the currency went to zero in weeks, there was no one to stop the printing and (unregulated) counterfeiting. yougoslav bond im sure became worthless.
when we talking about gold and silver we are talking about breakdown of society not just recession/ depression.
23892f No.5457024
>>5456940
the other thing to point out is these stocks pay dividends in USD, what happens when USD are worthless?
what's your hedge against inflation (and hyperinflation)? gold and silver is the answer.
c45e97 No.5457277
>>5457024
I ask for stock dividend when possible. Not only does this help against inflation it also gives your interest on interests in the long haul. As for cash dividends you want to re-invest them quickly and since I am not very rich I cannot afford to buy new stock all the time just with dividend (transaction costs). I like to buy a far out of the money call on gold for 5 cents or so. Over the last few months that brought in a good deal of money. The thing is mathematicaly an OTM call option turns into a leveraged position the higher the price of gold goes. So lets say paper gold is trading at 100$ you buy a 100 120$ strike call for 2 cents each so in total it costs you 2$. Now lets say paper gold goes up 1$ then your 100 calls will be worth 3$, so for low prices for every $ gold goes up your option position gains 1$, however as gold approaches 120$ your option position gains more and more money for every 1$ gold goes up. Exactly at 120$ the "delta" of your position would be 50$ and once paper gold is at 130$ this delta aproaches its max of 100$ per dollar. So the OTM call option amplifies your gains in case of a big change in gold price (e.g. a hyperinflation). So a few call option on gold is also a great hedge against inflation. The nice thing is my broker doesnt charge transaction fees on cheap options.
c3fda0 No.5457387
>>5457277
You, this post is important, listen well.
All of your investments while bringing in profits and cash for you, they also condemn you. Get rid of your usury. Buy land, farm it, live uprightness. Best of luck, it will be hard. Everyone in the world will tell you I am wrong, but in your heart you know I'm right. Do it. Drop the copper run to hills carve out a place to grow greens.
629796 No.5457630
Wow this thread is being slid like no other
629796 No.5457817
>>5453626
Why are you fucking people not in this thread when amazing posts like this are happening?
c45e97 No.5458034
>>5457387
I agree with you, however I believe both are important. As long as the system works you will earn money and live a good life, however if the system fails you want something real to fall back on
c45e97 No.5458567
>>5453626
Seconded the big short is a must see.
Negative interest rates does not necesarily mean that the investor will lose money. As long as interest is larger than inflation you make money. You can also speculate on an interest rate drop which means the bond price will increase. At the moment the bond price is close to the face value of 100 which means that investors agree that the current interest rates, which as you said is absurd with Japans total debt in mind! The question is always at which time will investors notice that these interest rates are absurd? When they do the bond price will plummet and yields will skyrocket like we saw in Greece (current yield 8%-9%) If you can guess that correctly you can guess the time to buy Japanese CDS on Bonds (Credit Default Swaps).
f0cb6f No.5458620
20 year old broke nigga reporting in
Should i throw my measly 7000 on:
1. Gold
2. Silver
3.Heroin so when shtf i can have a good time
fd2140 No.5463206
>>5458567
>As long as interest is larger than inflation you make money.
Unless you are in a deflationary period NIR will always yield negative returns on deposits.
>>5458620
>20 year old broke nigga reporting in
>has $7000 in cash
Unless you have like $100,000 in debt you aren't broke
Assuming you are a burger
>Food
>Survival equipment
>Guns
>Silver (physical silver, not paper)
In that order, do not buy metals unless you are already prepared to survive a long term SHTF.
fd2140 No.5468040
447282 No.5473776
>>5445697
>>How do you bet against the market? Seems like a great time.
One anon said to buy Puts, that you have to have a brokerage account where you can trade options. Another way to short the market is through Exchange Traded Funds aka ETFs. They are not stocks, per se, but they allow you to take positions that stocks don't. To answer your question, I have been buying SDS which tracks the S&P 500 index. When the S&P goes down, the value of SDS goes up. I'm sure there are other ones for the Dow Jones or the Russel, but I don't track those. Right now is a good time to get some SDS as it's under $20 a share. When the Shimita happened in 2015, it got up to I believe $25 before going back down. Another ETF I trade is TVIX. TVIX goes up in value when there is volotility in the market, like during a heavy selloff. This did much better during the Shimita, was in the low $5 range and got up to in the high teens. Careful trading TVIX, she is a fickle bitch.
447282 No.5473895
For those of you who are interested in stocking up your pantry, I have some lessons learned the hard way. The main thing you want to transfer your money into is calories and protein. When buying canned foods, this is where you get the most bang for your buck. Things like canned corn, mixed vegis, etc, are nice and not expensive, but look at the back of the label, they don't provide many calories or protein either. I recommend the main protein of canned chicken. Chicken goes with everything, and you already probably eat it. Spam is ok, as long as you like spam. But if you'r not going to eat it or enjoy it, don't spend your money on it. Costco has larger cans of canned chicken, but you can pick up 12-24 smaller cans from Amazon prime for a descent price. Another anon mentioned rice, and he is absolultly correct. Rice is cheap, buy the 50lb bags for like $25. Get some of those Homer buckets with lid from Home Depot for like $5. Wash bucket with soap really well, let dry COMPLETLY, then put rice in bucket and seal. You can get a couple of those and your sitting in a good spot. Legumes are good, too, I like lentils. If you buy beans, buy dried beans instead of canned beans, you get more for your money. Store the beans the same way as the rice. Canned chili is great, stock up on that. Get some of those Chef Boyardee canned meals, find the one highest in calories and protein that you can. I also like Biscuick, high in calories, and you can fry that shit to make delicious and calorie dense breads / rolls / donuts. Get oil. Instant coffee has more cafeine that regular coffee. I forgot, if you get a couple of buckets of rice or beans, you can put a board across both of them and use that a shelf to hold your canned goods.
447282 No.5474019
Other things I forgot, research how to can butter, so that you have some. It's super easy. Cliff bars are also a good source of protein, I don't know how long they will last though. Protein powder like the meat heads drink to get huge is a great source of protein, but you should try to find one that tastes good to you. The freeze dried meals like Mountain House are great, light weight, will last forever. They are reasonably priced if bought in bulk. These are greate if you want to be all tacticool and running around in the apocalpyse shooting everything you see because they are light. People recommend rotating your food out, but I find I don't have to do that. Canned food lasts a REALLY long time. It doesn't expire, per se, but it has a "best by" date. That's the date the manufacture beleives the food will either start breaking down and loose some of its nutrinional value, or maybe start to not look as good. But it is still edible. I'm not saying you shouldn't try to rotate if you can, but what I am saying is that a 5 year old can of chili is still edible and will not harm you. One thing on that, I am assuming the can is in good shape. If you find a can that is bulging out, throw that shit away.
On "survival" supplies, I would spend my money on food before spending it on backpacks and tents and that stuff. Once you got a pantry that you can survive off of, then start getting all those cool toys.
7dbe0f No.5476985
>>5441020
http://www.zerohedge.com/news/2016-03-20/dont-take-public-fools-china-hides-millions-layoffs-jails-miners-protesting-unpaid-w
many are likely to find themselves demoted, earning less and with bleak career prospects.
"The most likely result from future industrial layoffs is not a sharp increase in unemployment, but a further deceleration in household income growth," Cui Ernan, labor analyst at Gavekal Dragonomics in Beijing, wrote in a research note.
And that means you can kiss the dream of a successful transition to a consumption and services-led economy goodbye. Or, as we put it exactly a week ago: It would be a small (actually scratch that, a "very large") miracle if Beijing is able to restructure the economy's collection of elephantine SOEs without creating an employment crisis. And if, as Zhou says, China intends to depend on domestic consumption rather than exports to fuel growth, then the PBoC had better get to explaining how exactly it is that hundreds of thousands of recently jobless factory workers are going to be able to be power the hoped-for but still nascent transformation.
"The average annual wage in mining in 2014 was 61,677 yuan ($9,542), compared with 28,356 yuan in farming and forestry, according to official data. Textile workers moving to restaurant and retail jobs can expect to earn around 37,264 yuan, a drop from the 51,369 yuan average pay in manufacturing," Reuters continues. "In Shuangyashan and nearby Hegang, the consumption-driven economy looks a distant goal."
Clearly, handing someone a mop and a 66% pay cut isn't going to be a viable solution for the millions upon millions who are about to be jobless in China. And we don't just mean "viable" in terms of the read through for China's hoped-for transition away from investment-led growth. We mean "viable" in terms of fending off a popular revolt.
But if the masses do rise up, don't expect the Politburo to go down without a fight. In fact, Beijing is already taking steps to discourage public displays of disaffection. On Wednesday, in the country's southwest, eight construction workers tied to a protest held in Langzhong last August were subjected to a 1950's-style public sentencing. Their crime: protesting unpaid wages. Their charge: obstructing official business. The verdict: guilty.
12e666 No.5477062
>>5441822
uh…which part of the world are you in? a lot of countries are already facing a lot of shit, including Canada.
655dac No.5486663
>>5441549
kek
>cash
enjoy your guaranteed -3+% annual interest loss
100% if things tank
Meanwhile even chumps do better off mutual funds than holding cash