Reply With QuoteIt's the abolition of cash that's their primary objective. That will give them total control. The mark of the beast and all that.Originally Posted by Taunton Blue Genie
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I'm an arch-prepper, Cyril, have been for more than a dozen years. My order yesterday consisted of the dog grub my hound prefers. Though when sufficiently hungry he'll scoff dry dog food all day long, and I've at least two years worth of that tucked away.
It's the abolition of cash that's their primary objective. That will give them total control. The mark of the beast and all that.
This could go viral.....
It's not a foreign virus
On CNN, Chief White House Correspondent Jim Acosta says President @realDonaldTrump referring to the coronavirus as a "foreign virus" "smacks of xenophobia." pic.twitter.com/1aibFjZp5R
— Townhall.com (@townhallcom) March 12, 2020
When Money Dies: The Nightmare of the Weimar Collapse, by Adam Fergusson.
A great book that's available at Amazon in paperback form for 8. https://www.amazon.co.uk/When-Money-.../dp/1910400300
Or read it online, or download it to peruse for free at any time as a .pdf file here: https://socioline.ru/files/5/315/whe...ney%20dies.pdf
It describes what happened during hyperinflation in Germany between 1919-1923 and includes much anecdotal stuff from those who survived it along with all the facts and figures.
What struck me most when reading the above book was how society's cohesiveness held firm for a long while but begun to inexorably break down as desperation set in.
Communities were stronger back then and so were families; no armies of single mothers and marriage and religion was de rigueur.
The number one lesson learnt was to appear as deprived as everyone else.
Stock markets bounced back yesterday a day after they suffered their worst rout since 1987. None rocketed upwards more than the top three US indices. They rose by an almost identical 9.29%, 9.35% and 9.36%, respectively as can be seen here: https://finance.yahoo.com/quote/%5ED...f2gNdQv2q4yQP2
It was almost magical as well as coincidental, except that it wasn't because the US Federal Reserve Bank (which isn't federal and has no reserves) has the legal power to create any amount of US dollars it wishes to from absolutely nothing, just as the Bank of England, etc, can. By pushing keys on a computer terminal $1.5 trillion (1.2 trillion) new units of that currency was available to spend and most of it went to propel those stocks higher. Watch for more of the same but in ever larger quantities until the show collapses like an overcooked souffl to provide the cue for societal breakdown globally.
I keep reading of people rushing to buy this and that from shops and supermarkets but nothing as yet about queues forming outside bank branches. It does appear most haven't considered a lockdown of their dough is a distinct possibility. The 1981 film Rollover portrayed what a global economic collapse could look like and how quickly societies would devolve into chaos.
Been looking up the numbers who use the London underground because to my mind from a public health perspective it would close down long before anything else would.
An average of two million users making five million journeys per day is the general consensus. Two million equals 22 FA Cup Final attendances.
Breaking news from the Wall Street Journal - https://twitter.com/WSJ/status/1239295880857030657
The Wall Street Journal
@WSJ
5m
Breaking: Fed cuts rates to near zero and will purchase $500 billion in Treasurys, $200 billion in mortgage-backed securities, citing economic disruptions from coronavirus.
The Fed at their scheduled meeting on Wednesday was expected to cut the Yank base rate by 1/2% after cutting it by another 1/2% at an emergency meeting very recently. Now they've done twice as much as expected which is Biblical in the financial sphere.
The US Federal Reserve Bank shot its entire load earlier this evening by slashing its interest base rate to 0.00 to 0.25 to cheapen credit yet again, a move which delighted Donald Trump who had called for just that action for weeks - but instead of boosting stock prices they have dived.
Stock futures drop — hit ‘limit down’ — even as Fed slashes rates; Dow futures off 1,000 points - https://www.cnbc.com/2020/03/15/trad...g-program.html
Stock futures fell Sunday night even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak. While the central bank’s actions may help ease the functioning of markets, many investors said they would ultimately want to see coronavirus cases peaking and falling in the U.S. before it was safe to take on risk and buy equities again.
Dow Jones Industrial average futures were off by more than 900 points as of 6:12 pm ET. S&P 500 futures were lower by more than 4%. Nasdaq-100 futures fell 4%.
“The Fed blasted its monetary bazooka for sure,” said Peter Boockvar, chief investment officer at Bleakley Advisory Group. “This better work because I don’t know what they have left and no amount of money raining from the sky will cure this virus. Only time and medicine will.”
The Fed cut interest rates down to basically zero, their lowest level since 2015. The U.S. central bank also launched a massive $700 billion quantitative easing program. President Donald Trump said he was “very happy” with the announcement, adding: “I think that people in the markets should be very thrilled.”
I have this feeling I'm typing to myself in this thread!
Below is a video stock market trader and analyst Greg Mannarino uploaded after learning of the Fed cut and introduction of QE5.
That man looks incredibly unwell and malnourished. I don't think he's doing ok.
Yeah, he's looking worse every week. He's been predicting what's unfolding for yonks but is stunned by how fast and furious it's occurring. He says should the stock markets not rise this week in response to last night's emergency measures then watch out, and he does appear genuinely worried by that prospect. We may very well bypass a recession to go straight into a depression.
I don't know much about this guy. What has he been predicting for yonks?
Europe is ****** according to Yanis.
He's been predicting the popping of the 'everything bubble' (inflated and artificially high stock, property and other asset prices) that has been achieved by a decade of negative real interest rates (i.e. lower than the inflation rate) and massive expansion of government, corporate and household debt. He says they'll take interest rates into negative territory, meaning banks could charge people for storing their money, and create more and more debt to delay the day when it all collapses because it's impossible to solve an over indebted problem with yet more debt. The only way out would be massive and sustained economic growth but instead the world's going in the opposite direction with economies shutting down.
Why you talking to lardy? He was trying to besmirch your reputation in the main forum on Saturday. He's a very sly chappie
I'm unsure about Lardy. I can't decide whether he's a suited and booted young professional who's going places, or a pizza delivery driver who isn't.
What do you think? No, don't answer as I think I can correctly guess your response.
A grumpy middle-aged civil servant, and part-time socialist
Ah so he's been predicting things to go wrong during one of the best stock market decades of the last 150 years.
Sounds reliable
A very sly chappie who has "got inside your head" it appears.Why you talking to lardy? He was trying to besmirch your reputation in the main forum on Saturday. He's a very sly chappie
Believe what you want. I've proferred my best advice to you in this thread. If you choose to dismiss it then that's your choice, business and concern. Frankly, it makes no odds to me should you end up in the gutter blaming everyone and everything else for your demise.Ah so he's been predicting things to go wrong during one of the best stock market decades of the last 150 years.
Sounds reliable
Nah, I was just pointing out his pent-up anger and vengeful malicious streak.
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