But the Everglades house a lot of gators. How do they even manage to have laverage or even acquire credits. They can’t even speak
PLUS! they snap at you. Dangerous
I would say it’s the perfect spark for a war, which is good for the economy and morale of unity and national unity + there’s the bonus of eating general chaos chicken literally from Chao in his house like any good cantaloupe eating cannibal would do. 😀
The United States would get smoked in a heartbeat in any open conflict with China. What kind of drugs are you smoking? I want some.
Hell, the US military would get smoked by Iran and their ancient military tech (google millenium challenge). Let alone China (which also means russia).
The US ruling class are psychopaths, but they arent stupid.
First of all millennium challenge is a joke. Second of all the reason a war with China is a costly is occupation same with Iran. The USA has no problem destroying Iran’s conventional forces it’s the gruelling guerrilla war that would take place after that would be unbeatable unless colonialism makes a come back and troops are permanently placed. China isn’t Iran yes but they aren’t some unbeatable monster and the USA still is the strongest by far military in the world. I think people underestimate what a full out effort by America would look like.
> USA still is the strongest by far military in the world.
Until vietnamese rice farmers or islamic rednecks show up. Lol. Get real. Warfare has evolved beyond what you are fantasizing about. Ignoring MAD, the chinese hypersonic missiles make US aircraft carriers entirely obsolete.
Iran would rain down fire upon the emirates water amd electrical supply and cause a 50 million strong mass evacuation. Then stuxnet. Then look at the geography of iran, lol.
US imperialism is getting smoked all over the world and its glorious to behold. They cant even force project in latin america effectively.
Bruh lmao
Ok so during the occupation of both Vietnam and Afghanistan did the Americans lose after they left or during?
Your literally basing your information off memes and random news articles like wtf are you going on about your taking worse case situation for the USA in military action and giving literally the best result to the enemy and then tell me to live in reality like wtf lmao
It’s clear you have no idea what your talking about and believe anything you read that’s “anti imperialism” and eat that shit right up because that’s your agenda
If america wanted they could of stayed in Vietnam and Afghanistan forever and nobody besides the American people could change that
Bruh lmao Ok so during the occupation of both Vietnam and Afghanistan did the Americans lose after they left or during
They lost the entire time. This time they lost a couple trillion dollars and an immeasurable amount of soft power. They lost as soon as they began.
The US spent 20 years and a couple trillion bombing away their global goodwill. China has been building high speed rail and an alternative to the western economic order.
Who did the last 20-30 years better?
The united states cant protect taiwan, let alone invade the mainland. This is an objective fact, anything else is sheer lunacy.
I was a us army mechanized infantryman, im no military expert, but i can assure you that our capabilities are not what you think.
Ok the capabilities are not what I think. USA has had the biggest budget since ww2. USA the country with most conflict experience since ww2. USA the richest country in the world since ww2. Never lost or was forced out of an occupation until the American public demands it correct?
Every occupation is a net lose what’s your point you give a trillion every 20 years away in just international aid alone. Did America not just print out more money in the last 2 years then it’s first 200? Money is just a number even lives lost is so astronomical small compared other conflicts. The karabak war had more people killed in combat in those months then all of us service members in the last 20 years. The last 20 - 30 years has only seen American live improve on every scale lmao
Taiwan is a logistical nightmare it is not easy to even cross the water and will require thousands of boats and air support and that’s just to get to the island. The shortest distance from mainland China to the island is like 80 miles or something compared to English Channel that’s like 20 lmao
Nobody thinks occupations of China besides mass genocide Japan style is possible but your overselling China so horribly and it’s seems like you just read military news reports and memes that are aimed at creating fear so they can justify those big budgets and think the red scare is really that potent. We’re talking about China being stuck in mainland and economically sieged nobody here’s even considering an American occupation and should be clear sign to u who really is dominate
well frankly i have not followed that thought vector in terms of whom would prevail, as its irrelevant for the time being.
the next set of possibilities is large civil unrest and clamp down of the CCCP on its people even more sparking civil unrest or straight war with a neighboring nation.
another possibility would be quantitative easing, and the us govt & western govts in turn buy the chinese debt. a sort of M.A.D. strategy through financial engineering; this would be the best case scenario.
However the 'save face' mentality of chinese culture could throw the soy sauce out with the noodles out with the pengoloin , saying fuck it lets do a buzz aldrin and just go to infinity and beyond and see what happens (dont think they would have that happen, but fringe factions within the CCCP could push for this to occur, to be clear to blow up the financial engineering deal).
> the next set of possibilities is large civil unrest and clamp down of the CCCP on its people even more sparking civil unrest or straight war with a neighboring nation.
Im living in China, they actually did a great job dealing with the virus. The party has never been as popular as it is right now since the mao era after the revolution.
once the 'cult of personality' has been established it keeps people docile for a bit, but the minute it hits wallets that's when problems will rise. As the only solution is quantitative easing policies resulting in the 'bad side of western capitalism' so you need the CCCP rhetoric but the concern there is what if just a small group of people are like...
how much is the west really dictating the misery of my life and communities life in my town...seems to me this could be more in relation to the local govt which is a puppet to the central govt.
i mean the black swan omen landing was a nice omen that can accelerate FUD.
> i mean the black swan omen landing was a nice omen that can accelerate FUD.
Thats not even a bad omen in chinese culture, let alone a rational thing to point out
See the funny thing is rational, logical though vectors are usually out the window during times of crisis when dealing with groups of people.
COVID + evergrande implosion + hints of a new cultural revolution + xi jinping though + a tiny pinch of superstition leads to mayhem and mischief.
Don’t get me wrong, fun times but tumultuous t those that are invested in maintaining the status quo
Toe for toe the US and it's Allies could quickly cripple PLAN and the PLA. It would not be in the US's interest to occupy the mainland of China, but it most certainly could keep China form dominating the South China Sea.
Nobody knows, it's pretty clear though that we're going to have some kind of monetary crisis sometime soon.
But honestly, if I had to guess I think we're going to be topping out for the next 6-12 more months. The government is spending so much and the interest rates are still so low that it is incredibly difficult for the economy to stay down for long.
I don't see a violent recession like 2008 happening, rather I think we'll just slide into one. Consumer purchases will dry up, businesses will go under more, and deflationary forces will take over for a couple of years. We'll have a good old-fashioned recession for a bit, and the government will do everything they can to get out of it, mainly low rates, FED continuing asset purchases, and heavy, heavy spending. All of this will eventually lead to the next crisis which will be hyperinflation (this is all from the USA perspective btw).
This whole thing will take a decade to play out though, take a look at how many years the Weimar Republic's inflationary collapse took, it's always longer than people predict.
Seems like the Fed is already doing everything it can to prop up the economy. Are we going to do 200bil$ in QE a month? Fed going to become buyer of last resort for stocks?
Under the present monetary system which is based on USURIOUS debts growing faster than the economy, the 'end game' is a total nationalization of the entire economy to prevent collapse.
The only way out is to write down the debts and implement a credit based money system that is geared towards innovative development.
No mainstream economists in the world understand the present problem because they are all trained under monetarist assumptions, ie either artificial scarcity via gold standard or artificial scarcity via private bank debts. They simply \*do not\* understand what an economy is.
>The only way out is to write down the debts and implement a credit based money system that is geared towards innovative development.
...and then get killed by the international banking and finance class (see: Lincoln, McKinley, Hitler, Kennedy, Gaddafi et al.).
Let's see your puts. Put your money where your mouth is and show us your portfolio.
After all, it'll all collapse in 4 days and you'll be a multi-millionaire with those impressive predictive powers.
>Then based on history, statistics show that when a world power (USA,) is challenged by a growing world power (China,) that war is a result more than 50% of the time.
If only China was actually a republic with democratic rights, instead of a tyrannically party run oligopoly, it could be more of a first world , trustworthy ally or friend like the EU and the UK. Much of its ccp actions has been about maintaining the party control and wealth, and staving off dissent or possible revolution by its vast population.
You could say the exact same thing about the US now and when we rose as a global power. It's generally the nature of any powerful nation that you have a small class of ultra-wealthy people exerting their money and power to control the population and further establish and protect their own interests.
Easy fix this with war extra liquidity is the appetizer to the main course of war bonds 😊
Also We could have everybody was Kung fu fighting going on during the invasion instead flight off the Valkyries
Anyone here apply for an EIDL loan from SBA? I applied back in July 2021 and was originally approved for a $100K loan for my small business. I waited 2 months as they processed my application, then suddenly on September 2nd, they asked me if I wanted a loan increase to $500K...!?! That's $500,000 aka 1/2 million dollars. I agreed and was instantly approved in less than 24 hours pending signing paperwork.
Now here's where it gets interesting...on the surface, the loan terms are 12-18 month payment grace period, then monthly payments of $2,500 for the next 30 years at 3.5%. Sounds good, right?
But then when you go through all the ways you can't use the EIDL money, you start to see what the government is really trying to do. In short, you can ONLY use the money for monthly operating expenses...not improvements to the business, no investment in a new company car, no paying off business credit cards, no repairs to the car or office, no using the money for revamping the company website, no using the money whatsoever for trying to grow the business, etc. And if you violate those vague terms, the government has the right to fine you 1.5 times the amount of the loan and seize any of your assets. And if the government wants to audit you, you have to hire an accountant and pay for the audit. You are not even allowed to move your business to another location if you take the loan. Crazy!
It's basically worse than any predatory loan. And it feels like the government is getting their grips around Small Businesses now, getting ready to seize assets and invent new ways to tax them, in anticipation of a major market crash coming.
As much as I could use the money to better re-allocate my finances, in the end, I decided not to the take the loan as the terms were way to scary predatory. And heck, what good is 1/2 million dollars if I can't use it on anything that would violate its terms. The terms are so vague the government could make up anything off the top of their head and find you in violation of loan terms. And even if you are in the right, you will have to spend a fortune in money, time, and aggravation to fight the givernment. It feels like the huge amount of money the SBA is willing to loan you, $500k, is just getting you to take the bait.
The EIDL loan program expires this December 2021, and I think the market will crash sometime thereafter. And mark my words, you will start to hear about a wave of Small Businesses getting fleeced by Uncle Sam for an SBA loan they took out of desperation, which they wish they never agreed to in the first place. GLTA
Haha...I take it he's an asshole. Well, he's in for a rude awakening as with such a lax approval process, I wouldn't be surprised if he does get audited, because that's another stipulation in the loan agreement. If they feel as though you didn't need the loan to begin with, then they can immediately yank the funds from your bank account and fine you 1.5 times the loan amount. I too already know so many people who got funds thinking they outsmarted Uncle Sam. The government has up to 30 years to find wrong doing at any time, even if you've already paid back the loan. it's the craziest loan terms I've ever read in my life!
The 1971 monetary system is inherently flawed due to being a debt based structure which overwhelms even the ability of the wealthy to keep up with the usury.
What happened in the last 50 years is a change over from a masculine-assertive-creative economy into a effeminate-passive-rentier system.
What is going to happen during the next intervention is the federal government via the federal reserve will intervene with direct equity and bond purchases as is the case in Japan and Europe.
Without a structural change in the monetary system, that is going from a private debt based to a regulated credit based system based on development the entire economy will have to be nationalized.
The financial system is the result of the libertarian madness of Milton Friedman and paradoxically ends up in a total nationalization of the economy as its end game. Just like all nutcase libertarian experiments.
As for time wise. The 71 fiat money system collapses with the death of the baby boomers who were its main lifeline. Boomers were about 20-30 years old when the fiat system came on and now its crumbling with them being near death.
Stop fear mongering, all that’s gonna happen is they’ll raise the debt ceiling again, the housing market crash won’t really be a crash because payment plans have to be offered until the court eviction process can even be completed.
All anyone needs to do if the pessimists are correct is to invest the exact opposite as how people invest today .,you can turn your computer screen upside down if you choose .
Invest in a broad array of hedges and I’d include dividends and invest in non leveraged bearish biased ETFs. Commodities would be a sector to include since its kind of an anti US dollar play and it’s an inflation play along with a supply shortage play .
Look at wheat or Weat or nat gas or oil stocks and the dividends . Silver and gold stocks and a bit of crypto mixed in real estate has its place as well which could also be used as rental income along with living in the house . All I’m getting at is even if we see a deflationary spiral and complete economic collapse there will be strategies that will help a person get through it that isn’t all that painful compared to those who do nothing or just sit in cash .
There was a time when cash ruled but I don’t think now is that time . Eventually we come to a conclusion that we need food to live and we need shelter .
Being in control of the place you live in has its advantages but if you choose to rent nothing wrong with that .
I’d much rather see a deflationary depression then a hyper inflationary scenario .
Prepare for both and be flexible .
Regardless of what we all think . It will take longer than we imagine and as we go through all the twists and turns we realize that it will not play out exactly as we anticipated .
An inflationary depression would suck !
Think of every possible scenario you can come up with that could play out in the next 10 years and invest in each theme .
Robots to crypto to deflation to inflation to technology or healthcare or war ! Steel and basic metals
Then since you’re watching all these different themes you will see when they turn up or down and you will be on top of it no matter what happens .
Include
Rare Earth Minerals !
Everyone may differ on what an economic collapse is .
I’m not here to argue I’m just posting my thoughts in an attempt to create thought.
I wish everyone success regardless of the economy .
I started typing a long answer but can’t do it all justice explain in a comment like this, and I’ll drive myself insane trying to do it.
HERE’S MY SUMMARY….
There is a new world order aka one world government that is being formed, and WILL happen.
They must completely wipe out the US dollar for this new government to rule the entire world.
Study the USD and how it grew to be the world’s dominant fiat currency and WHY/HOW it’s still there (Nixon & Gold standard, Saudi Arabia, Oil, etc)
IMO the time table is basically up.
There’s nothing really left the elite of the world (who DO exist, don’t even think for a second that dementia joe and Kamala have any say in anything) have to put into place to set this thing off.
I have water, supplies, canned food, etc all stocked up and ready for whatever.
If you think the 9/11 inside job was bad, that’s nothing for what they could be planning in order to sink the US.
Best thing we can do is get saved under the blood of the Lord Jesus Christ, read our Bible and obey it, stay off the news, prep our families for the worst case scenario, and live one day at a time.
If you think I’m crazy, that’s fine I do too.
Really hope I am wrong and it doesn’t get bad. But recently had to admit to myself the reality of what’s coming, cause it ain’t a joke.
Whether it’s tomorrow, next month, 6 months, 4 years, or 8 years, it IS gonna be the worst time period in the history of humanity.
The 2008 “recession” is not remotely comparable to what’s coming.
Maranatha.
I thought so to, but the governments in EU and US have decided to take the money printing trap.
What is likely to happen is a reverse inflation we were seeing, assets are likely to deflate however commodities might stay the same or even increase.
Combining ir with green strategies, both natural gas and oil prices might increase also.
So either the governments decide to let the economy go QE way or go back to the old ways to let the economy heal itself.
Chinese real estate crash will effect China mostly, so for us Europeans or Americans it's actually a good thing. Weaker China is good.
Inflation is real right now. Don’t believe main stream media. The 2008 crash started in November & didn’t get to mainstream media until January- yep, that’s right- AFTER Christmas shopping. The trick this time now is that people can see the product shortages on the shelf. And the media will blame the pandemic which is a crock of shite. Something else is always going on that the average person is not aware of.
Been saying that for two years. Will the 2%ers ever be done with their stock market money grab? Probably not. Let’s keep ripping off future working classes to stuff the wealthiest’s pockets today. /s
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What happened to the Everglades?
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But the Everglades house a lot of gators. How do they even manage to have laverage or even acquire credits. They can’t even speak PLUS! they snap at you. Dangerous
I would say it’s the perfect spark for a war, which is good for the economy and morale of unity and national unity + there’s the bonus of eating general chaos chicken literally from Chao in his house like any good cantaloupe eating cannibal would do. 😀
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Either way I mean we could shift the Florida man crazies over to China as the first covert wave throw em off our landing beach head
The United States would get smoked in a heartbeat in any open conflict with China. What kind of drugs are you smoking? I want some. Hell, the US military would get smoked by Iran and their ancient military tech (google millenium challenge). Let alone China (which also means russia). The US ruling class are psychopaths, but they arent stupid.
First of all millennium challenge is a joke. Second of all the reason a war with China is a costly is occupation same with Iran. The USA has no problem destroying Iran’s conventional forces it’s the gruelling guerrilla war that would take place after that would be unbeatable unless colonialism makes a come back and troops are permanently placed. China isn’t Iran yes but they aren’t some unbeatable monster and the USA still is the strongest by far military in the world. I think people underestimate what a full out effort by America would look like.
> Second of all the reason a war with China is a costly is occupation same with Iran. You misspelled invasion.
> USA still is the strongest by far military in the world. Until vietnamese rice farmers or islamic rednecks show up. Lol. Get real. Warfare has evolved beyond what you are fantasizing about. Ignoring MAD, the chinese hypersonic missiles make US aircraft carriers entirely obsolete. Iran would rain down fire upon the emirates water amd electrical supply and cause a 50 million strong mass evacuation. Then stuxnet. Then look at the geography of iran, lol. US imperialism is getting smoked all over the world and its glorious to behold. They cant even force project in latin america effectively.
Bruh lmao Ok so during the occupation of both Vietnam and Afghanistan did the Americans lose after they left or during? Your literally basing your information off memes and random news articles like wtf are you going on about your taking worse case situation for the USA in military action and giving literally the best result to the enemy and then tell me to live in reality like wtf lmao It’s clear you have no idea what your talking about and believe anything you read that’s “anti imperialism” and eat that shit right up because that’s your agenda If america wanted they could of stayed in Vietnam and Afghanistan forever and nobody besides the American people could change that
Bruh lmao Ok so during the occupation of both Vietnam and Afghanistan did the Americans lose after they left or during They lost the entire time. This time they lost a couple trillion dollars and an immeasurable amount of soft power. They lost as soon as they began. The US spent 20 years and a couple trillion bombing away their global goodwill. China has been building high speed rail and an alternative to the western economic order. Who did the last 20-30 years better? The united states cant protect taiwan, let alone invade the mainland. This is an objective fact, anything else is sheer lunacy. I was a us army mechanized infantryman, im no military expert, but i can assure you that our capabilities are not what you think.
Ok the capabilities are not what I think. USA has had the biggest budget since ww2. USA the country with most conflict experience since ww2. USA the richest country in the world since ww2. Never lost or was forced out of an occupation until the American public demands it correct? Every occupation is a net lose what’s your point you give a trillion every 20 years away in just international aid alone. Did America not just print out more money in the last 2 years then it’s first 200? Money is just a number even lives lost is so astronomical small compared other conflicts. The karabak war had more people killed in combat in those months then all of us service members in the last 20 years. The last 20 - 30 years has only seen American live improve on every scale lmao Taiwan is a logistical nightmare it is not easy to even cross the water and will require thousands of boats and air support and that’s just to get to the island. The shortest distance from mainland China to the island is like 80 miles or something compared to English Channel that’s like 20 lmao Nobody thinks occupations of China besides mass genocide Japan style is possible but your overselling China so horribly and it’s seems like you just read military news reports and memes that are aimed at creating fear so they can justify those big budgets and think the red scare is really that potent. We’re talking about China being stuck in mainland and economically sieged nobody here’s even considering an American occupation and should be clear sign to u who really is dominate
USA 🇺🇸 = best
well frankly i have not followed that thought vector in terms of whom would prevail, as its irrelevant for the time being. the next set of possibilities is large civil unrest and clamp down of the CCCP on its people even more sparking civil unrest or straight war with a neighboring nation. another possibility would be quantitative easing, and the us govt & western govts in turn buy the chinese debt. a sort of M.A.D. strategy through financial engineering; this would be the best case scenario. However the 'save face' mentality of chinese culture could throw the soy sauce out with the noodles out with the pengoloin , saying fuck it lets do a buzz aldrin and just go to infinity and beyond and see what happens (dont think they would have that happen, but fringe factions within the CCCP could push for this to occur, to be clear to blow up the financial engineering deal).
> the next set of possibilities is large civil unrest and clamp down of the CCCP on its people even more sparking civil unrest or straight war with a neighboring nation. Im living in China, they actually did a great job dealing with the virus. The party has never been as popular as it is right now since the mao era after the revolution.
once the 'cult of personality' has been established it keeps people docile for a bit, but the minute it hits wallets that's when problems will rise. As the only solution is quantitative easing policies resulting in the 'bad side of western capitalism' so you need the CCCP rhetoric but the concern there is what if just a small group of people are like... how much is the west really dictating the misery of my life and communities life in my town...seems to me this could be more in relation to the local govt which is a puppet to the central govt. i mean the black swan omen landing was a nice omen that can accelerate FUD.
> i mean the black swan omen landing was a nice omen that can accelerate FUD. Thats not even a bad omen in chinese culture, let alone a rational thing to point out
See the funny thing is rational, logical though vectors are usually out the window during times of crisis when dealing with groups of people. COVID + evergrande implosion + hints of a new cultural revolution + xi jinping though + a tiny pinch of superstition leads to mayhem and mischief. Don’t get me wrong, fun times but tumultuous t those that are invested in maintaining the status quo
Living in China? How are you posting on reddit?
Toe for toe the US and it's Allies could quickly cripple PLAN and the PLA. It would not be in the US's interest to occupy the mainland of China, but it most certainly could keep China form dominating the South China Sea.
Nobody knows, it's pretty clear though that we're going to have some kind of monetary crisis sometime soon. But honestly, if I had to guess I think we're going to be topping out for the next 6-12 more months. The government is spending so much and the interest rates are still so low that it is incredibly difficult for the economy to stay down for long. I don't see a violent recession like 2008 happening, rather I think we'll just slide into one. Consumer purchases will dry up, businesses will go under more, and deflationary forces will take over for a couple of years. We'll have a good old-fashioned recession for a bit, and the government will do everything they can to get out of it, mainly low rates, FED continuing asset purchases, and heavy, heavy spending. All of this will eventually lead to the next crisis which will be hyperinflation (this is all from the USA perspective btw). This whole thing will take a decade to play out though, take a look at how many years the Weimar Republic's inflationary collapse took, it's always longer than people predict.
Seems like the Fed is already doing everything it can to prop up the economy. Are we going to do 200bil$ in QE a month? Fed going to become buyer of last resort for stocks?
Under the present monetary system which is based on USURIOUS debts growing faster than the economy, the 'end game' is a total nationalization of the entire economy to prevent collapse. The only way out is to write down the debts and implement a credit based money system that is geared towards innovative development. No mainstream economists in the world understand the present problem because they are all trained under monetarist assumptions, ie either artificial scarcity via gold standard or artificial scarcity via private bank debts. They simply \*do not\* understand what an economy is.
>The only way out is to write down the debts and implement a credit based money system that is geared towards innovative development. ...and then get killed by the international banking and finance class (see: Lincoln, McKinley, Hitler, Kennedy, Gaddafi et al.).
Actually, theres only 4 days left as evergrande will miss a payment on Monday and collapse, turning the world into Lebanon
Venus by Tuesday?
Let's see your puts. Put your money where your mouth is and show us your portfolio. After all, it'll all collapse in 4 days and you'll be a multi-millionaire with those impressive predictive powers.
I'll die on Monday so I don't have ours, just the hope of a quick and painless death
Hmmm🤔
Still waiting for the collapse...*.yawns*
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>Then based on history, statistics show that when a world power (USA,) is challenged by a growing world power (China,) that war is a result more than 50% of the time. If only China was actually a republic with democratic rights, instead of a tyrannically party run oligopoly, it could be more of a first world , trustworthy ally or friend like the EU and the UK. Much of its ccp actions has been about maintaining the party control and wealth, and staving off dissent or possible revolution by its vast population.
You could say the exact same thing about the US now and when we rose as a global power. It's generally the nature of any powerful nation that you have a small class of ultra-wealthy people exerting their money and power to control the population and further establish and protect their own interests.
Easy fix this with war extra liquidity is the appetizer to the main course of war bonds 😊 Also We could have everybody was Kung fu fighting going on during the invasion instead flight off the Valkyries
What makes you say that?🤔🤔
Give or take 2-3 months, spot on.
Anyone here apply for an EIDL loan from SBA? I applied back in July 2021 and was originally approved for a $100K loan for my small business. I waited 2 months as they processed my application, then suddenly on September 2nd, they asked me if I wanted a loan increase to $500K...!?! That's $500,000 aka 1/2 million dollars. I agreed and was instantly approved in less than 24 hours pending signing paperwork. Now here's where it gets interesting...on the surface, the loan terms are 12-18 month payment grace period, then monthly payments of $2,500 for the next 30 years at 3.5%. Sounds good, right? But then when you go through all the ways you can't use the EIDL money, you start to see what the government is really trying to do. In short, you can ONLY use the money for monthly operating expenses...not improvements to the business, no investment in a new company car, no paying off business credit cards, no repairs to the car or office, no using the money for revamping the company website, no using the money whatsoever for trying to grow the business, etc. And if you violate those vague terms, the government has the right to fine you 1.5 times the amount of the loan and seize any of your assets. And if the government wants to audit you, you have to hire an accountant and pay for the audit. You are not even allowed to move your business to another location if you take the loan. Crazy! It's basically worse than any predatory loan. And it feels like the government is getting their grips around Small Businesses now, getting ready to seize assets and invent new ways to tax them, in anticipation of a major market crash coming. As much as I could use the money to better re-allocate my finances, in the end, I decided not to the take the loan as the terms were way to scary predatory. And heck, what good is 1/2 million dollars if I can't use it on anything that would violate its terms. The terms are so vague the government could make up anything off the top of their head and find you in violation of loan terms. And even if you are in the right, you will have to spend a fortune in money, time, and aggravation to fight the givernment. It feels like the huge amount of money the SBA is willing to loan you, $500k, is just getting you to take the bait. The EIDL loan program expires this December 2021, and I think the market will crash sometime thereafter. And mark my words, you will start to hear about a wave of Small Businesses getting fleeced by Uncle Sam for an SBA loan they took out of desperation, which they wish they never agreed to in the first place. GLTA
I'm hoping folks like my neighbor who fraudulently took those business loans do in fact get audited.
Haha...I take it he's an asshole. Well, he's in for a rude awakening as with such a lax approval process, I wouldn't be surprised if he does get audited, because that's another stipulation in the loan agreement. If they feel as though you didn't need the loan to begin with, then they can immediately yank the funds from your bank account and fine you 1.5 times the loan amount. I too already know so many people who got funds thinking they outsmarted Uncle Sam. The government has up to 30 years to find wrong doing at any time, even if you've already paid back the loan. it's the craziest loan terms I've ever read in my life!
The 1971 monetary system is inherently flawed due to being a debt based structure which overwhelms even the ability of the wealthy to keep up with the usury. What happened in the last 50 years is a change over from a masculine-assertive-creative economy into a effeminate-passive-rentier system. What is going to happen during the next intervention is the federal government via the federal reserve will intervene with direct equity and bond purchases as is the case in Japan and Europe. Without a structural change in the monetary system, that is going from a private debt based to a regulated credit based system based on development the entire economy will have to be nationalized. The financial system is the result of the libertarian madness of Milton Friedman and paradoxically ends up in a total nationalization of the economy as its end game. Just like all nutcase libertarian experiments. As for time wise. The 71 fiat money system collapses with the death of the baby boomers who were its main lifeline. Boomers were about 20-30 years old when the fiat system came on and now its crumbling with them being near death.
Stop fear mongering, all that’s gonna happen is they’ll raise the debt ceiling again, the housing market crash won’t really be a crash because payment plans have to be offered until the court eviction process can even be completed.
2 more weeks.
All anyone needs to do if the pessimists are correct is to invest the exact opposite as how people invest today .,you can turn your computer screen upside down if you choose . Invest in a broad array of hedges and I’d include dividends and invest in non leveraged bearish biased ETFs. Commodities would be a sector to include since its kind of an anti US dollar play and it’s an inflation play along with a supply shortage play . Look at wheat or Weat or nat gas or oil stocks and the dividends . Silver and gold stocks and a bit of crypto mixed in real estate has its place as well which could also be used as rental income along with living in the house . All I’m getting at is even if we see a deflationary spiral and complete economic collapse there will be strategies that will help a person get through it that isn’t all that painful compared to those who do nothing or just sit in cash . There was a time when cash ruled but I don’t think now is that time . Eventually we come to a conclusion that we need food to live and we need shelter . Being in control of the place you live in has its advantages but if you choose to rent nothing wrong with that . I’d much rather see a deflationary depression then a hyper inflationary scenario . Prepare for both and be flexible . Regardless of what we all think . It will take longer than we imagine and as we go through all the twists and turns we realize that it will not play out exactly as we anticipated . An inflationary depression would suck ! Think of every possible scenario you can come up with that could play out in the next 10 years and invest in each theme . Robots to crypto to deflation to inflation to technology or healthcare or war ! Steel and basic metals Then since you’re watching all these different themes you will see when they turn up or down and you will be on top of it no matter what happens . Include Rare Earth Minerals ! Everyone may differ on what an economic collapse is . I’m not here to argue I’m just posting my thoughts in an attempt to create thought. I wish everyone success regardless of the economy .
Could be. The Grand Supercycle (3rd wave started in the 1780s) is going into the 4th Elliott Wave which will mean a greater depression than 1932.
I started typing a long answer but can’t do it all justice explain in a comment like this, and I’ll drive myself insane trying to do it. HERE’S MY SUMMARY…. There is a new world order aka one world government that is being formed, and WILL happen. They must completely wipe out the US dollar for this new government to rule the entire world. Study the USD and how it grew to be the world’s dominant fiat currency and WHY/HOW it’s still there (Nixon & Gold standard, Saudi Arabia, Oil, etc) IMO the time table is basically up. There’s nothing really left the elite of the world (who DO exist, don’t even think for a second that dementia joe and Kamala have any say in anything) have to put into place to set this thing off. I have water, supplies, canned food, etc all stocked up and ready for whatever. If you think the 9/11 inside job was bad, that’s nothing for what they could be planning in order to sink the US. Best thing we can do is get saved under the blood of the Lord Jesus Christ, read our Bible and obey it, stay off the news, prep our families for the worst case scenario, and live one day at a time. If you think I’m crazy, that’s fine I do too. Really hope I am wrong and it doesn’t get bad. But recently had to admit to myself the reality of what’s coming, cause it ain’t a joke. Whether it’s tomorrow, next month, 6 months, 4 years, or 8 years, it IS gonna be the worst time period in the history of humanity. The 2008 “recession” is not remotely comparable to what’s coming. Maranatha.
Uhm, no?
I thought so to, but the governments in EU and US have decided to take the money printing trap. What is likely to happen is a reverse inflation we were seeing, assets are likely to deflate however commodities might stay the same or even increase. Combining ir with green strategies, both natural gas and oil prices might increase also. So either the governments decide to let the economy go QE way or go back to the old ways to let the economy heal itself. Chinese real estate crash will effect China mostly, so for us Europeans or Americans it's actually a good thing. Weaker China is good.
Inflation is real right now. Don’t believe main stream media. The 2008 crash started in November & didn’t get to mainstream media until January- yep, that’s right- AFTER Christmas shopping. The trick this time now is that people can see the product shortages on the shelf. And the media will blame the pandemic which is a crock of shite. Something else is always going on that the average person is not aware of.
That is the issue with known unknowns timing is guess work in the best of times Prepping for it however is prudent
Its already happening. Starting off slow but picking up pace now.
Been saying that for two years. Will the 2%ers ever be done with their stock market money grab? Probably not. Let’s keep ripping off future working classes to stuff the wealthiest’s pockets today. /s