The Economic Crisis (The Fall of America & the Western World)

[brocktonblockbust]

[Gandalf]

We are almost due another 'crisis' and next to nothing was done to criminalise those who did it the last time. It has to be within the next couple of years, it usually runs in these cycles. Logically, you cannot blame them for trying it again. I guess in the West they know that people are largely put in their place through very effective police bullying and have their secret services all over the place. Nobody has a hope of drinking from the same trough as the governments are largely bought off by the banking cartels.

[Kirkland Laing]

You've got to get a bubble going before you can have it collapse. Right now we only have various financial market bubbles going on and provided the real economy doesn't collapse they're not even bubbles. What we had in 2008 was a bubble bubble that included all classes via their houses and their personaldebt. Fianancial markets fucking up doesn't have the same effect as it's only top one percenters who (temporarily) lose serious dough.

I watched the video for six seconds till I saw David Icke and then cut it. If somebody wants to paraphrase what the barking loonies on it are saying I'll offer a critique.

[VictorCharlie]

Kirk,

Do you think there is a bond bubble? If so do you think it is a "bubble bubble"?

[brocktonblockbust]

Kirk,

Do you think there is a bond bubble? If so do you think it is a "bubble bubble"?

no question the BOND MARKET IS ABOUT TO COLLAPSE IN BLACK FLAMES OF HATRED

[Kirkland Laing]

Kirk,

Do you think there is a bond bubble? If so do you think it is a "bubble bubble"?

While the economy is as depressed as it is there isn't a bubble. Once things pick up a bit rates will increase and people will scream "there was a bubble!*" but it's hard to see any kind of sustained global recovery that will give the US government serious problems selling their bonds or paying interest on their debt and they've ended the domestic budget deficit problem now so there's no upward pressure on rates from that angle anymore. Since 2008 rates have gone up when markets are feeling like things are going well. Rates have tumbled back down to historic lows when there's been bad news, and there's lots more bad news to come globally over the next few years.


*


As you can see rates have been on a downward leg for a long time now. This mainly represnts the fact that there aren't many good investment opportunities for capital worldwide so all that capital is being parked in bond markets. And we're npot going to see better investment opportunities while demand in wealthy countries remains suppressed, and it'll largely remain suppressed until there's a more equitable distribution of wealth within those exconomies.

[Kirkland Laing]

Kirk,

Do you think there is a bond bubble? If so do you think it is a "bubble bubble"?

no question the BOND MARKET IS ABOUT TO COLLAPSE IN BLACK FLAMES OF HATRED

Which bond market? All bonds of just US bonds? And why?

[Kirkland Laing]

Sorry for all the typos btw. I need to start reading these things before I post them.

[brocktonblockbust]

Kirk,

Do you think there is a bond bubble? If so do you think it is a "bubble bubble"?

no question the BOND MARKET IS ABOUT TO COLLAPSE IN BLACK FLAMES OF HATRED

Which bond market? All bonds of just US bonds? And why?

US bonds are inflated with phantom money printed out of thin air, backed by nothing. The Fed printed or "created" 26 trillion dollars worth of fake money then bought up its own bonds at the Treasury. US dollars are each worth less than ever. The Weimar Republic as well as Hungary did this same desperate thing with catastrophic results. Printing money to bail out failing assholes only saturates the economy with cheap money and destroys the currency. ANY BONDS DENOMINATED IN THAT CURRENCY ARE WORTHLESS PIECES OF SHIT. US Bond Market will collapse----CHina Japan and the Gulf central banks are no longer willing to buy US dollar denominated bonds because they know what the fuck is going on. The US dollar is fucking toast----worthless shit. It has only stayed afloat because ti is still the currency that oil contracts are bought and sold in. But that has changed as of February 2013---Russia, INdia, China Iran and Brazil are all trading oil contracts now NOT based on the worthless US dollar but on their own currencies and/or a basket of currencies. US dollar is no longer the world's reserve currency. Nobiody wants it anymore. DOW JONES IS ABOUT TO TAKE A 40% CORRECTION DOWNWARDS. BY THE END OF THIS YEAR THE DOW JONEWS INDUSTRIAL AVERAGE WILL BE AROUND 9,000.

YOU talk about rates going up. The us cannot even pay the interest on the 26 trillion dollars of debt it has and interest rates are fucking ZERO now for 4 years. If rates even go up to 3 or 4%----you can kiss the uinited states good fucking bye, good fucking riddance, good fucking night

[Kirkland Laing]

Kirk,

Do you think there is a bond bubble? If so do you think it is a "bubble bubble"?

no question the BOND MARKET IS ABOUT TO COLLAPSE IN BLACK FLAMES OF HATRED

Which bond market? All bonds of just US bonds? And why?

US bonds are inflated with phantom money printed out of thin air, backed by nothing. The Fed printed or "created" 26 trillion dollars worth of fake money then bought up its own bonds at the Treasury. US dollars are each worth less than ever. The Weimar Republic as well as Hungary did this same desperate thing with catastrophic results. Printing money to bail out failing assholes only saturates the economy with cheap money and destroys the currency. ANY BONDS DENOMINATED IN THAT CURRENCY ARE WORTHLESS PIECES OF SHIT. US Bond Market will collapse----CHina Japan and the Gulf central banks are no longer willing to buy US dollar denominated bonds because they know what the fuck is going on. The US dollar is fucking toast----worthless shit. It has only stayed afloat because ti is still the currency that oil contracts are bought and sold in. But that has changed as of February 2013---Russia, INdia, China Iran and Brazil are all trading oil contracts now NOT based on the worthless US dollar but on their own currencies and/or a basket of currencies. US dollar is no longer the world's reserve currency. Nobiody wants it anymore. DOW JONES IS ABOUT TO TAKE A 40% CORRECTION DOWNWARDS. BY THE END OF THIS YEAR THE DOW JONEWS INDUSTRIAL AVERAGE WILL BE AROUND 9,000.

YOU talk about rates going up. The us cannot even pay the interest on the 26 trillion dollars of debt it has and interest rates are fucking ZERO now for 4 years. If rates even go up to 3 or 4%----you can kiss the uinited states good fucking bye, good fucking riddance, good fucking night

All money is printed out of thin air and backed by nothing.

The Fed doesn't buy its own bonds, it buys Treasury bonds. Every central bank around the world does this. It's how central banks control the money supply and interest rates. It's a system that works really well and has brought the world unparalleled economic stability and prosperity for over a century now.

Here's how the dollar has fared compared to an index of the world's major currencies over the past few years :





As you can see the dollar collapsed in value when the Kenyan imposter took power back in 2002. Oh wait, Obama only took office in January 2009. The dollar has actually slightly increased in value since the 2008 meltdown. So it looks like the dollar's fall in value since you had a balanced budget and booming economy all happened before the Kenyan took office. Yet the media now have a large chunk of the public wetting the bed over the collapse of the dollar that stopped collapsing in 2008. Why is that?

This is the third time the Fed have been doing large-scale bond buying. Both times previously when they stopped buying there was almost no change to rates and people kept buying US bonds.


Why is the Dow going to collapse by 40%?

[brocktonblockbust]

becasue the dollar will collapse. and the stocks are valued in a currency that will collapse. Gold going up to 1500-2000 is a clear sign that the dollar is no longer trusted. stock market will collapse 40% by January 2014.

this 14000 shit is artificial. there is no welath being created. stiock prices are higher now because of implied inflation. you cannot print 26 trillion dollars out of thin air without devaluing the currecny. this is common sense. it cannot work. this is a dead cat bounce to use a gay economic cliche term but i cant htink of any thing better at the speed i am typing. dead cat bounce. like juicing a corpse with a thousand volts yes his heart will beat a little more but he is still dead.

no wealth creation. all consumerism-driven. more free money, more purchases on credit, etc


the treasury and the fed are working together to imitate a new country buying us bonds. its a shell game. its an illusion. no wealth is being created. its artificial. theire is no productivity. its bullshit. devalued dollars mean you need more dollars to do the same shit. stock prices are higher because each dollar is worth less.

[Kirkland Laing]

becasue the dollar will collapse. and the stocks are valued in a currency that will collapse. Gold going up to 1500-2000 is a clear sign that the dollar is no longer trusted. stock market will collapse 40% by January 2014.

this 14000 shit is artificial. there is no welath being created. stiock prices are higher now because of implied inflation. you cannot print 26 trillion dollars out of thin air without devaluing the currecny. this is common sense. it cannot work. this is a dead cat bounce to use a gay economic cliche term but i cant htink of any thing better at the speed i am typing. dead cat bounce. like juicing a corpse with a thousand volts yes his heart will beat a little more but he is still dead.

no wealth creation. all consumerism-driven. more free money, more purchases on credit, etc


the treasury and the fed are working together to imitate a new country buying us bonds. its a shell game. its an illusion. no wealth is being created. its artificial. theire is no productivity. its bullshit. devalued dollars mean you need more dollars to do the same shit. stock prices are higher because each dollar is worth less.

So all this is predicated on the dollar collapsing. What makes you think the dollar is going to collapse?

And how come the Fed tripled the amount of dollars in existence overnight back in 2008 and the value of the dollar went up? How come it hasn't collapsed in the last five years?

Also, too, your last post. I didn't have the time to deal with all the wrong/crazy in it. There was so much nonsense in the post it approached the level of a Lyle post. But as for the US being unable to afford interest payments on the debt, here is the projected spend according to the CBO:




(Got this from google images but this is a CBO projection) So by the end of the decade America will be paying the same amount of money in real terms as it was back when it had a balanced budget and the economy was booming. So why do you think America isn't going to be able to pay the interest? The dollar is going to collapse, right?

[Kirkland Laing]

So why is the dollar going to collapse then?

[brocktonblockbust]

becasue the dollar will collapse. and the stocks are valued in a currency that will collapse. Gold going up to 1500-2000 is a clear sign that the dollar is no longer trusted. stock market will collapse 40% by January 2014.

this 14000 shit is artificial. there is no welath being created. stiock prices are higher now because of implied inflation. you cannot print 26 trillion dollars out of thin air without devaluing the currecny. this is common sense. it cannot work. this is a dead cat bounce to use a gay economic cliche term but i cant htink of any thing better at the speed i am typing. dead cat bounce. like juicing a corpse with a thousand volts yes his heart will beat a little more but he is still dead.

no wealth creation. all consumerism-driven. more free money, more purchases on credit, etc


the treasury and the fed are working together to imitate a new country buying us bonds. its a shell game. its an illusion. no wealth is being created. its artificial. theire is no productivity. its bullshit. devalued dollars mean you need more dollars to do the same shit. stock prices are higher because each dollar is worth less.

So all this is predicated on the dollar collapsing. What makes you think the dollar is going to collapse?

And how come the Fed tripled the amount of dollars in existence overnight back in 2008 and the value of the dollar went up? How come it hasn't collapsed in the last five years?

Also, too, your last post. I didn't have the time to deal with all the wrong/crazy in it. There was so much nonsense in the post it approached the level of a Lyle post. But as for the US being unable to afford interest payments on the debt, here is the projected spend according to the CBO:




(Got this from google images but this is a CBO projection) So by the end of the decade America will be paying the same amount of money in real terms as it was back when it had a balanced budget and the economy was booming. So why do you think America isn't going to be able to pay the interest? The dollar is going to collapse, right?

Hasnt collapsed cuz its beeing artificially propped-up by the Treasury buying up all the bonds that China no longer wants to buy. Thats what I meant by a shell-game. The Treasury has taken China's and Japan's places as bond-buyers and just putting on the govt's balance sheet all these bond sales which is a Shell Game, isnt it? Smoke and Mirrors. Anybody can see that.

[Kirkland Laing]

becasue the dollar will collapse. and the stocks are valued in a currency that will collapse. Gold going up to 1500-2000 is a clear sign that the dollar is no longer trusted. stock market will collapse 40% by January 2014.

this 14000 shit is artificial. there is no welath being created. stiock prices are higher now because of implied inflation. you cannot print 26 trillion dollars out of thin air without devaluing the currecny. this is common sense. it cannot work. this is a dead cat bounce to use a gay economic cliche term but i cant htink of any thing better at the speed i am typing. dead cat bounce. like juicing a corpse with a thousand volts yes his heart will beat a little more but he is still dead.

no wealth creation. all consumerism-driven. more free money, more purchases on credit, etc


the treasury and the fed are working together to imitate a new country buying us bonds. its a shell game. its an illusion. no wealth is being created. its artificial. theire is no productivity. its bullshit. devalued dollars mean you need more dollars to do the same shit. stock prices are higher because each dollar is worth less.

So all this is predicated on the dollar collapsing. What makes you think the dollar is going to collapse?

And how come the Fed tripled the amount of dollars in existence overnight back in 2008 and the value of the dollar went up? How come it hasn't collapsed in the last five years?

Also, too, your last post. I didn't have the time to deal with all the wrong/crazy in it. There was so much nonsense in the post it approached the level of a Lyle post. But as for the US being unable to afford interest payments on the debt, here is the projected spend according to the CBO:




(Got this from google images but this is a CBO projection) So by the end of the decade America will be paying the same amount of money in real terms as it was back when it had a balanced budget and the economy was booming. So why do you think America isn't going to be able to pay the interest? The dollar is going to collapse, right?

Hasnt collapsed cuz its beeing artificially propped-up by the Treasury buying up all the bonds that China no longer wants to buy. Thats what I meant by a shell-game. The Treasury has taken China's and Japan's places as bond-buyers and just putting on the govt's balance sheet all these bond sales which is a Shell Game, isnt it? Smoke and Mirrors. Anybody can see that.

The Treasury isn't buying any bonds. It issues bonds. It's the Fed that's buying bonds. They're about to start tapering off their bond-buying programme. But this is the third bond-buying programme the Fed has run since the 2008 meltdown. The first two times they stopped buying bonds and the Treasury had no problem selling their bonds at negative real rates of interest. That means investors were actually paying the Treasury to buy US bonds rather than expecting to earn any interest from them.

Most of the market for US bbonds since 2008 is now domestic -- the Treasury hasn't had to sell bonds to foreign countries in any great quantity since 2008 because there's been a massive domestic market. And China will always need to buy US bonds. Their government's policy is to boost exports and they do that by keeping their currency cheap against their biggest export market. And they keep their currency cheap by buying large numbers of US bonds. They've been letting their currency appreciate against the dollar over the last five years but at some point will have to start buying large quantities of US bonds again.

US bonds are the safest investment on the planet. In globally uncertain times like the present people are always going to want safety and over the last five years they've literally been loaning money to the US government at a loss. Even when interest rates do increase over the next few years (and they may not do so significantly) the government will easily be able to afford paying the interest and will still sell the bonds they're issuing. And the government has now ended the deficit problem so there's no upward pressure on rates from runaway government spending/deficit because the real deficit is now wiped out and the budget effectively balanced.