>Interest rates at record lows everywhere
>Banks lend out money like candy
>China buys up real estate everywhere for a safe haven of their money
>Banks know if they raise interest rates the world real estate bubble will pop and burn numerous countries to the ground
Are you prepared to live in Weimar Republic?
Other urls found in this thread:
dailycaller.com
twitter.com
>Weimar Reupbilc
wait what we're going to pull out of a currency collapse?
We are already living in the Weimar Republic
did the massive inflation in housing prices not tip you off?
When housing bubble/stock bubble bursts we'll be living in an era of permanent economic stagnation.
This
the Weimar Republic was a cakewalk compared to our future.
You'll WISH you were living in Weimar Germany when shit hits the fan here.
So were just gonna jump to WW3?
Or some other similar global catastrophe, such as for instance a pandemic.
Tell me about it...
what do when shit goes fubar?
I don't really see any solutions other than discarding money and being a part of farming communities + guns.
That's thinking in the right direction. Such communities have already been being built. But it's possible that it could just be a managed succession of more mild collapses as have happened often in the past, and you won't really need to join a project where you have alloted space in the underground bunker if you should need it.
That sounds much more likely, I'm guessing one is coming very soon, possibly august or september - I should start reading docs from the FED again.
Side note, seems like an odd number of (((posts))) about 'collapse' and civil war. I like it being a former economics student, but I hope there won't be 50 more threads today and tomorrow.
Whatever
America can just declare martial law since their surveillance and police have been heavily built up over the past decade
Same goes for Europe. The recent wave of terrorist attacks has resulted in military soldiers swarming the cities. I think its all a plan for when shit really starts to collapse
The civil war stuff seems more like memetic provocation to me. But basically I would say think about, say, a catastrophic weather event or a prolonged power outage, or whatever else might possibly turn a city into a war zone.
If you're somewhere that could survive such a thing more easily, then at least you're better off. It's not always necessary to be at the head of the pack. Sometimes it's enough to not be at the back of the pack.
wtf i love high interest rates now
No. Not even the army, national guard, police, and hell even stuff like fired departments combined could maintain martial law over the whole thing. Look at regional disasters and the kind of logistics and manpower it takes to pull off martial law. Even if somehow they got all the militias and shooting clubs in on it, I don't see it happening.
At best they could carefully contain key areas and strategically let other areas fall into contained chaos zones.
I don't want to think about a power outage somewhere like Richmond or Chicago. Been thinking about investing in a property in bumblefuck or finding work in Texas when i stop teaching in the motherland. New Jersey a shit.
>tfw a small 2 bedroom, 1 bathroom house in australia can cost over 1 million
Please let this bubble pop so people other than chinese can actually buy houses
Super Storm Sandy in and around NYC was an interesting test case. I had some contacts in the midst of it sending reports, and I was honestly surprised at how people self-maintained order with what was, in my opinion, an intentionally delayed FEMA response. Of course that again was a regional infrastructure failure rather than a national or international financial collapse.
Hurricane Katrina was another interesting example.
>That pic
Do you not remember the Boston marathon bombings?
After a small blast killed three people the entire city was put on lockdown. Nobody was allowed to leave their house while the military and police patrolled the city. This is all a precursor to what could happen if America goes through a larger scale attack.
The economy would have to suffer a fate worse than the Great depression for people to finally start to revolt
>The economy would have to suffer a fate worse than the Great depression for people to finally start to revolt
This is true. While people have food, shelter and entertainment they wont risk causing trouble.
Serious shit needs to go down. People need to have nothing left to lose.
Yes, this entire corrupt system should be burned to the ground. Fuck it
B I T C O I N
>not knowing the chinese are going to start dumping the shit out of bitcoin
be careful senpai
Right, well that was not even all of Boston, and all the infrastructure was intact during an temporarily and artificially enforced period of occupation. What I'm saying is that if it were a nation-wide emergency, it would not be that easy.
More relevant, I think, would be to consider for instance Argentina's first 3:1 default from the Volker days as documented by a guy you can google by the name of "FerFAL." He wrote a really nice book as well, which you can order off Amazon by the name of, "Surviving the Economic Collapse." It's chock full of neat tips and tricks you might not have thought of if you hadn't lived through such a situation before.
Alarmism is fun
The market will see a big dip at some point
It won't be a big deal though. Maybe 2008 at the worst
America controls the world and the world relies on American money
The rest of the world would dissolve into absolute chaos if our economy collapsed
So it won't be allowed to happen
Also, the Fed HAS been raising interest rates you mongs
>buttcoin
Yes, I'm waiting for a dip so I can buy stuff for cheap. In the long run you can bet the markets will go up.
>2008 at the worst
I want to look into the possibility of a combination of 2008 + 1997. I don't think East Asia is as vulnerable, but I imagine that China could be.
I'll definitely check that book out thanks
But the world barely survived and is hardly recovering from the 2008 meltdown. They were just inches away from entering a depression if the U.S banks weren't bailed out. The USD has been printed into oblivion to inject liquidity into the economy yet wages are still stagnate and income inequality is still growing while the middle class shrinks
Also the EU is starting to get uppity with Trump and Merkel will go out of her way to save her dying empire
It wont be as bad as Weimar, the IMF sees this shit coming and already has the SDR primed. The dollar will be shot in the face and America will be fucked.
Read Jim Rickards.
And yes, I am not only ready for this but I hope it happens. Fuck the normies.
Look in the window :)
when the bubble bursts does this mean I'll finally be able to afford a decent condo in nyc and stop being a rent slave cuck?
no
Checked and I'd second Jim Rickards. I wouldn't take him as an oracle, but he's a good voice to listen to.
Isn't the real reason prices of houses are skyrocketing because local laws against housing development is keeping new housing being developed? I've seen that out west, especially in areas like Oregon and Northern Arizona. Just curious what pol thinks.
I'm gonna be in the armed forces pushing pencils as the world's comfiest POG when SHTF.
I bet 9/10 of the rest of you neets are gonna get starved out by Mao 2.0 tbqh
definitely not an oracle but is on the inside and is personal friends with Lagarde and Draghi. The only questions about the SDR is if it will have gold backing or commodity backing. I suspect it will for confidence purposes but then again. I'm heavily weighted in gold and silver so I am a bit biased but I am in the metals because this shit is a when proposition not an if proposition.
Heh, same here. I remember one time he did an interview with Max Kieser and laid out his predictions for why and how the price of PMs were moving at the time and what it portended.
>lel that's exactly what I've been thinking for the past 6 months
>tfw Jim Rickards is either goofing me or I'm not as stupid as I look
...
I'm trying to get in on the dip, dammit. No need to invest goys!
Impossible to predict the future. All the powers that be who made the mess can do is prepare to clean it up. Economic collapse is built in to the usury pie the question is always how it's spun, like will it be Da Joooos!? Again? Really?
>Are you prepared to live in Weimar Republic?
Mate... we are already living in it. These are the final days of Rome.
>live in Weimar Republic?
Yes, because of what follows...
I've got my buy orders set waiting to see $200 again lol
Thats hilarious because I work in finance bro and will be moving to China in July for work.
I know this situation inside and out bitch. AMA
Faggot your going to to be sent to war and Im going to be counting my gold coins.
Have fun eating lead.
The parallels are frightening
Yep
Ive been following Rickards for years, he is getting increasingly nervous, I watch all his interviews and sub to his news letter.
He is a true believer in the inflation narrative. The only question is how much deflation we get before the Fed ECB and PBoC begin the next round of QE. But once that starts is BOOM straight to the moon.
Buy your silver now faggots.
...
What followed was because Weimar was in a unique position. It had rejected the international bankers and issued its own state script backed by productive labor, which is how it was able to build the industrial capacity to underlie what would become the war machine.
The international bankers couldn't stand for that, since they weren't profiting off of the money lending at the same time the Versailles debts weren't being repaid.
Merely having a global economic collapse is not the same. Don't forget this key difference between living under the thumbs of the international bankers and actually rebuilding your own country. That's why I posted a picture of Hjalmar Schact at the outset.
Good on you m8 I'll probably meet you there, if not Japan or Korea
Bleak, breh
>Weimar had rejected the international bankers
???
Been waiting all day for sub $200 but the gooks woke up and are trying to tear down that $235 wall again. I almost sold last night because I thought a bigger dip was coming today. Mistakes were avoided.
Just one more thing the Us is best at
Can't believe I missed the dip down to 130 a few days ago. Had 5k in transfer the gdax which took 7 days instead of 3-4 like it said. Oh well, I'll try finding some shitcoin that looks like it has potential.
I love Asia but be careful, during the collapse Asia will be a literal hell on earth of people starving to death.
After, if your are positioned propperly to pick up the pieces when there is blood on the streets, it will be a total fucking gold mine. All the growth in the next 50 years will be in Asia. Protip, The collapse will be the entry of a lifetime.
ahhh, I forget exactly all the right terminology to use, and I don't want to lead you astray, but basically the debts enforced by the Treaty of Versailles after the Great War were unrepayable, and they wound up issuing a national currency outside of the central banks used to pay people to do things that they could in turn use to build back the economy. You can try googling it, or I think it might be covered in, "The Creature from Jekyll Island" by G. Edward Griffen, which is worth reading even if it is not.
The main parallel idea here is that of a local currency, or a regional currency, as opposed to one that is loaned at interest by an outside party, such as in the case of the Federal Reserve Bank, which is what you as a person in the US would want foremost to understand.
I wonder who could be behind such policies?
>have engineering degree and multiple internships
>despite this I make $18/h driving a forklift
>Average house in Canada is now $580,000
When do you just give up?
Doesn't work like that I'm afraid.
wtf is going on here.
>mfw have over 50k SC that is getting Polo'd and have to watch it slowly drop
It's been 2 days and that wallet is still tied up. I'm hodl long term, but I want it off that conspiracy exchange.
Those are the streets of Boston during the search for Dhokar Tsarneav, the suspect that Russia warned the US twice about after having visited a strange radicalization camp in Chechnya. Zbigniew Brzezinski was on the board of directors for said camp.
Don Jr will save us
It needs to fucking pop already my finances are in order to buy I just need prices to go down. Gimme that 60% cut THIS MONTH.
>4 years ago my parents didn't make me watch the news
So new you don't even know you can find out with literally one click
>Zbigniew Brzezinski was on the board of directors for said camp.
source please, if true that is very interesting
>and there's a rising tide of nationalist race realism brewing in the west
>tfw
SDR?
Too long ago for my memory. Google-fu should get it for you. You might have to cross-reference and corroborate, since I recall that one took a little while to bubble to the top with some credibility.
Lots of ominous gets in this thread
What about Mike Maloney, is he full of shit?
jesus christ, how large was that house?
Special Drawing Right. A long-standing potential new global reserve currency issued by the IMF that never really caught on in the same way that BRICS never really caught on.
It was all looming and dangerous shortly after the 2007 housing bubble blowout. In the wake, there had been significant debate about what could potentially replace the US Dolllar, but the Fed pulled it out, and, forseeably, we're just going to power through with the US Dollar for now.
Enjoy cancer air, but what's the scoop finance senpai. Gimme a quick rundown
this time is not housing bubble
it's worse
it's fixed income bubble
all that unnecesary extra liquidity injected in bonds with yields so low it's insane
they're risking not only where to live, but with the savings and retirement of literally everyone but a few select
I think he is legit but more of a charlatan, the narrative is the same for the most part
By all dimensions it's a tragedy
Nobody wants to talk about this at all.
Go to Washington/Colorado/Oregon/Idaho and you can see it coming, no one is preparing or getting ready at all.
Not going to be Post-War Germany or Zimbabwe-tier but probably 2x as bad as 08. Possibly 1929-tier, maybe.
Still though.
SAVE SAVE SAVE.
Ensure all at least 30% of your wealth in precious metals and material goods that continuously appreciate in value.
STAY OUT OF THE WALL STREET CASINO!
Stay alive mein niggers, Google books on how to kill people quickly and painlessly.
How was that sold? Not that I'm all in to boot-licking, but if it's utterly unsanitary, shouldn't some state power have condemned it and knocked it down for public safety?
>house next door to mine sold for 1.9 million
Wait shouldn't we all just short and scrap the damn thing when it falls apart. Dead economic carcasses are once in a lifetime opportunities for the vultures.
our interest rates are already rising
You're close. Search T-Bill standard, Also Europe and hence IMF, will not survive. One of the prime reasons we see negative rates for a lot of European bond are due that their small economies can no longer play this game. I recommend David Stockman, he adds in a lot of adjective handwaving, though there are facts to back his claim.
debt shock is imminent
Damn, that was worth 1 million AUD (700k USD) for that pile of garbage. fuck.
The currency system itself will freeze.
You should see some of the Hongcouver houses. They look better than that, at least from the outside, but who in his right mind would pay the better part of $1M leaf dollars for a fucking dilapidated shack?
Whoever bought it probably knocked it down and started from scratch. The value is in the property, not the house itself.
That's the obvious thing to do. I was just thinking that would be the sign of a pretty good black market if it's known an 8 year old dead body was in there and the state hadn't turned it in to an empty lot first.
Life will go on. Humans lived through countless collapses of nations/empires/kingdoms. Lot's of people will die for sure, but civilization will continue.
hmmmm. That's a good thing. Since it cools investment, although I'm not sure how Aussie firms will take to this. Canberra can payback debt faster, but that mammoth project and likeliness in bursting so many bubbles
nah its just slowing down the market a ton
rents are going up and investors arent buying new properties
investors are also branching out to more regional cities because auckland is stuffed
The point is, when we stand back up after this one, we won't be the same as we were
Europe, Australia and co are being flooded with 3rd worlders right now because the powers that be need as much instability when shit hits the fan as possible.
To any fellow aussies:
Over the next few years, get rid of your debts, and get the fuck out of Sydney and Melbourne if you're there.
these countries are actually free and not ran by corrupt government.
america is dead.
its people are prisoners.
america is ran like a prison
things are so different in the UK/CAN/AU
none of the people there are defective retards
the social democratic party in finland is behind the housing bubble in all big towns. they are the same people who run the labor unions who own huge apartment renting businesses. what they do is they keep rising the rents while remaining the housingbux at 80% of rent for NEETs and working people living below a certain income limit. the labor unions keep throwing political money aid to the party and thats how the cycle goes
they are against universal basic income because it would be a fixed sum and would replace the housingbux and make the bubble pop when neets and niggers couldnt live in the helsinki 700 eur / month studio apartments any more. their bullshit reason what they tell the public is "everyone should work for their money"
OK, zhang. You pay $700k for something that looks straight out of rural upstate New York, and then see what it's worth when it all comes crashing down.
That's a great investment property!
I've actually heard rumours that some Chinese immigrants are very worried about the recent developments.
>Be Chinese
>Hate the poverty, corrupt government, bad economics and cramped lifestyle
>Move to New Zealand to escape
>20 years later New Zealand has become China
Pic related is a very good redpill on the motives of the Chinese and it perfectly explains what is happening.