4
0

Two Years is Generous


               
2022 Jul 22, 4:18pm   13,851 views  88 comments

by fdhfoiehfeoi   follow (0)  

I think we have months left. Lots have been in our place before, and denied history like many will now. But the arrogance of thinking somehow we're special, that the rules don't apply to us will end bitterly. Prepare while you still can.

"Today the US government’s debt to GDP ratio is about 120% and its budget deficit is forecast to be about 7% of GDP this year A 300 basis point [interest rate] hike should increase the budget deficit to about 11% of GDP. Since 1991, all 18 other governments with deficits exceeding 11% of GDP and debt to GDP ratios exceeding 110% defaulted within two year. Thus, the Fed could soon be trapped: raising rates could trigger default and not raising them could leave inflation unchecked. Similar dilemmas in other countries have often caused extreme crises, e.g., Argentina Brazil, and Venezela; the US may soon join the club.

- Luke Gromen in FFTT Tree Rings, 15 July 2022, quoting Hirschman Capital Year-End 2021 Letter.

Comments 1 - 10 of 88       Last »     Search these comments

1   TheAntiPanicanLearingCenter   @   2022 Jul 22, 4:21pm  

"Workers built the Palaces in Spain and America. We can do so again." - Durruti

https://www.youtube.com/watch?v=mAajfSJ71Yc
2   Bd6r   @   2022 Jul 22, 4:26pm  

Interesting topic - in 2017 I thought all will be over in 3-4 years. Last years here have been eerily similar to 1986-1991 which were years preceding collapse of the USSR, which I lived through.

Perhaps we will survive into next spring, may be a year. Then again, collapse starts slowly and then goes very fast.

Tanned neck neighbors near our countryside property have turned intensively pessimistic and talk about months to a year collapse time.
3   TheAntiPanicanLearingCenter   @   2022 Jul 22, 4:28pm  

Agreed. In 2017 I thought wokie was done for. Now it is at critical mass (I hope), with mandated pronouns in every one of the 100 largest companies, to say nothing of Gov Agencies right down to the Army and Navy.

Bd6r says


Perhaps we will survive into next spring, may be a year. Then again, collapse starts slowly and then goes very fast.


Yes. It's always a slide until the bottom drops out.

Every month, another huge 20lb bag of rice. If I don't use it and things get markedly better, one can always donate it.
4   Bd6r   @   2022 Jul 22, 4:32pm  

AmericanKulak says

Every month, another huge 20lb bag of rice. If I don't use it and things get markedly better, one can always donate it.

We bought a rather large farm. A few ponds with fish, hogs, deer, and we stocked fertilizer for gardening. And of course AMMO! Have to convince missus that we need another 3-4 guns.
5   mell   @   2022 Jul 22, 5:57pm  

Don't think so. Yes things will get worse, but all fiat currencies are relative to each other and sonis the debt.There will be a big debt jubilee at some point and a reset. A lot will also depend on the upcoming elections and if land steal will continue to be allowed. We have plenty of energy and agricultural reserves to tap, it's just a matter of telling the leftoids to fuck off with their pronouns and climate change, I mean manbearpig. Yes it will get bad, but there is no reason for a total collapse, esp. not in the US.
6   GNL   @   2022 Jul 22, 6:22pm  

Isn't Debt to GDP more like 130-140% now. What percent of 22,000,000,000,000 is 30,000,000,000,000?
7   Blue   @   2022 Jul 22, 6:23pm  

Never ending barrow for deficit and eventual growing interest payments reaching the size of the GDP is going to snowball faster and disconnect the word. The irresponsible mob ruining the country. Look at the current administration no one has private industry experience and has no idea how the things work. No wonder why they have been creating massive money out of thin air and robbing middle and poor classes. The real threat to this country comes from inside.
8   EBGuy   @   2022 Jul 22, 7:26pm  

9   Bd6r   @   2022 Jul 22, 8:09pm  

mell says

There will be a big debt jubilee at some point and a reset

One way how to have debt jubilee is inflation. In any case, it punishes savers at expense of borrowers.mell says

We have plenty of energy and agricultural reserves to tap, it's just a matter of telling the leftoids to fuck off with their pronouns and climate change, I mean manbearpig.

That may be the reason why this plays out slower here than is US of SR. I'd be very happy if you turn out to be right.
10   fdhfoiehfeoi   @   2022 Jul 23, 12:24pm  

mell says

There will be a big debt jubilee at some point and a reset.


Another direction things could go. But why would I let you out of your debt to me when I could enslave you instead?

mell says

We have plenty of energy and agricultural reserves to tap, it's just a matter of telling the leftoids to fuck off with their pronouns and climate change


Those are all under government control. You can't even slaughter your own animals without getting sued by the FDA. Do you plan to go begging for your rations and can of gas from Big Brother? Or maybe they'll just give up all their power without a fight?

Comments 1 - 10 of 88       Last »     Search these comments

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   users   suggestions   gaiste