(Crazy) economy news - Page 5

STEED · 02-04-20, 07:39 AM

^I have no doubts that this on going mess, care to note I said on going unlike the media who will report it as new will be double on the 2008 crash and then the next one after that will be triple and so on. The destruction of paper money is on the way and chipping is going to happen. Question is when and that depends on those pulling the strings.

mapuc · 02-04-20, 11:41 AM

This Saturday I heard an episode of the weekly radioprogram

Tectopia

In this episode they talked about Facebook's plan on creating something similar to Bitcoin.

When hearing it-I couldn't help thinking....are we heading towards a one world computer generated currency ?

Markus

Catfish · 02-07-20, 05:22 PM

Quote:

Originally Posted by mapuc

[...] When hearing it-I couldn't help thinking....are we heading towards a one world computer generated currency ?
Markus

Oh no, imagine an international currency without the need to exchange and check currencies every second to compare prices, that would make trade easier. Better not.

Catfish · 03-09-20, 01:14 PM

^ this was of course an ironic comment. We should go back to exchanging shells and pearls, different shells and pearls in every country of course, so we can have back the good old times.

Just found that again, old but still on the spot and well explained. Only in german

Skybird · 03-17-20, 11:31 AM

The aftermath of Corona likely will destroy Western finance and real economy. This is in German, but it is an essential lecture, so try with it or see how far Google translator gets you.
It's frightening, and as I said already over a week ago - Corona is a game changer, it will not leave our civilization, at least in the West, like it has found it.

https://think-beyondtheobvious.com/s...-erst-phase-2/

u crank · 03-18-20, 05:55 AM

The upside of the downside.

Wasn't sure where to post this but I am wondering how are gas prices being affected by the market activity in the USA. Gas prices here are in a free fall. They have gone from about $1.20 per litre a month ago to .85 cents per litre today. Here on PEI our gas prices are regulated and can change twice a month at regular intervals. This is the second unscheduled price change in a week. The next scheduled price adjustment is March 20. The last time gas was in the 84-cent range here on PEI was March 2009.

Driving around in your car may soon be the only thing you can do.

Jimbuna · 03-18-20, 09:01 AM

^ Similarly here in the UK.

STEED · 03-18-20, 09:05 AM

Don't worry the rich will punish us all to get every penny back plus extra when the dust settles.

What a nice world we live in.

raymond6751 · 03-18-20, 04:16 PM

Stock market selloffs. Somebody is buying! It's the rich folks like Mr. Trump and his friends. When this passes, they will be worth x times what they were.

The federal reserve will just print more money that is just paper.

Food will reappear on shelves at higher prices. (Supply/Demand)

Gas will go up. Same reason.

My retirement fund, all stocks, is not worth 50% of last year's value, which was down $18,000 since Trump became president and started mucking about.

It's time for another meteor.

Catfish · 04-20-20, 02:09 PM

For the first time, the oil price is negative, at the stock market

"Benchmark collapses to unprecedented low as traders try to rid themselves of unwanted crude"
https://www.ft.com/content/a5292644-...8-ace55d766654

So oil tankers cannot unload anymore because the big tanks are full. And it means that the price for a liter at gas stations is at least a million higher than it is at the stock market.
I cannot drive enough to become rich

Seriously that means that the world economy will have problems, and soon. And some will get really rich.. never thought to see a capitalism crisis happen live, so to speak. Not good.

vienna · 04-20-20, 02:20 PM

Gonna be fun seeing all them Texans trying to sneak across the border to Mexico looking fer jobs...

<O>

vienna · 04-20-20, 02:28 PM

Published earlier this morning just before the wheel started to come off...

The world can thank President Trump for the oil deal --

https://thehill.com/opinion/energy-e...r-the-oil-deal

Not to fear: Trump will take full responsibility...

..just as he always has...

<O>

Skybird · 04-20-20, 04:22 PM

They are currently pumping newly created trillions of mone yinto the real economy.

I will laugh tears of despair and anger when then I will see the crowds applauding again and going cheers and chimes when stocks will grow again. while that only means that the money has been fundamentally devalued and therefore prices go up to compensate that devaluation.

All that stimulus they now demand, all that bailout packages and aids and payments - guess who gets robbed for it in the end?

You.

Me.

This crisis will leave even more companies in zombie status. And all these unfit-to-live companies will be artificially kept alive. In one yera and in two years, we will have a far bigger quota of zombie comaponies than we already have now.

Cannot. Be. Good.

Germany. Diffrerent to the US and China where subsidies for electric cars are to run out and sales are expected to drop or already have started to drop, Germany has reinterated its detwemrination to stay on course into full economic collpase. German car makers more or less burn all bridges to gasoline and Diesel engines. But E-cars are doomed to fail, now more than already before. Then the m ost important pillar of German industry and econoym will break down.

Oh that much joy and fun ahead. All that fiscal carnage. For germany. For the EU...

Super-Uschi meanwhile insists that more moeny gets paid into EU's own budget.

If you raise children, tell them to run, run, run away, and then run further.

Rockstar · 04-20-20, 04:40 PM

Quote:

Originally Posted by Catfish

... never thought to see a capitalism crisis happen live, so to speak. Not good.

The world is 4 and a half billion years old. What are the chances of us being alive to see this massive global pandemic and economic collapse.

Catfish · 04-21-20, 01:50 AM

Quote:

Originally Posted by Rockstar

The world is 4 and a half billion years old. What are the chances of us being alive to see this massive global pandemic and economic collapse.

I take it Anomalocaris was also quite p$$ed off when the world's general conditions changed.. "this happens to me, just of all ?!"

02-04-20, 07:39 AM	#61
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	^I have no doubts that this on going mess, care to note I said on going unlike the media who will report it as new will be double on the 2008 crash and then the next one after that will be triple and so on. The destruction of paper money is on the way and chipping is going to happen. Question is when and that depends on those pulling the strings. __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!

03-09-20, 01:14 PM	#64
Catfish Dipped Squirrel Operative Join Date: Sep 2001 Location: ..where the ocean meets the sky Posts: 16,892 Downloads: 38 Uploads: 0	^ this was of course an ironic comment. We should go back to exchanging shells and pearls, different shells and pearls in every country of course, so we can have back the good old times. Just found that again, old but still on the spot and well explained. Only in german __________________ >^..^<*)))>{ All generalizations are wrong.

03-17-20, 11:31 AM	#65
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 40,461 Downloads: 9 Uploads: 0	The aftermath of Corona likely will destroy Western finance and real economy. This is in German, but it is an essential lecture, so try with it or see how far Google translator gets you. It's frightening, and as I said already over a week ago - Corona is a game changer, it will not leave our civilization, at least in the West, like it has found it. https://think-beyondtheobvious.com/s...-erst-phase-2/ __________________ If you feel nuts, consult an expert.

03-18-20, 05:55 AM	#66
u crank Old enough to know better Join Date: Dec 2011 Location: Prince Edward Island Posts: 11,557 Downloads: 136 Uploads: 0	The upside of the downside. Wasn't sure where to post this but I am wondering how are gas prices being affected by the market activity in the USA. Gas prices here are in a free fall. They have gone from about $1.20 per litre a month ago to .85 cents per litre today. Here on PEI our gas prices are regulated and can change twice a month at regular intervals. This is the second unscheduled price change in a week. The next scheduled price adjustment is March 20. The last time gas was in the 84-cent range here on PEI was March 2009. Driving around in your car may soon be the only thing you can do. __________________ “Two possibilities exist: either we are alone in the Universe or we are not. Both are equally terrifying.” ― Arthur C. Clarke

03-18-20, 09:01 AM	#67
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 180,992 Downloads: 63 Uploads: 13	^ Similarly here in the UK. __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!! GWX3.0 Download Page - Donation/instant access to GWX (Help SubSim)

02-04-20, 11:41 AM	#62
mapuc Fleet Admiral Join Date: Sep 2003 Location: Denmark Posts: 17,837 Downloads: 37 Uploads: 0	This Saturday I heard an episode of the weekly radioprogram Tectopia In this episode they talked about Facebook's plan on creating something similar to Bitcoin. When hearing it-I couldn't help thinking....are we heading towards a one world computer generated currency ? Markus

03-18-20, 09:05 AM	#68
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	Don't worry the rich will punish us all to get every penny back plus extra when the dust settles. What a nice world we live in. __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!

03-18-20, 04:16 PM	#69
raymond6751 Admirable Mike Join Date: Mar 2004 Location: Canada Posts: 1,313 Downloads: 421 Uploads: 0	Adjustment? Stock market selloffs. Somebody is buying! It's the rich folks like Mr. Trump and his friends. When this passes, they will be worth x times what they were. The federal reserve will just print more money that is just paper. Food will reappear on shelves at higher prices. (Supply/Demand) Gas will go up. Same reason. My retirement fund, all stocks, is not worth 50% of last year's value, which was down $18,000 since Trump became president and started mucking about. It's time for another meteor. __________________ My stuff: https://www.authorsden.com/mikeraymond

04-20-20, 02:09 PM	#70
Catfish Dipped Squirrel Operative Join Date: Sep 2001 Location: ..where the ocean meets the sky Posts: 16,892 Downloads: 38 Uploads: 0	For the first time, the oil price is negative, at the stock market "Benchmark collapses to unprecedented low as traders try to rid themselves of unwanted crude" https://www.ft.com/content/a5292644-...8-ace55d766654 So oil tankers cannot unload anymore because the big tanks are full. And it means that the price for a liter at gas stations is at least a million higher than it is at the stock market. I cannot drive enough to become rich Seriously that means that the world economy will have problems, and soon. And some will get really rich.. never thought to see a capitalism crisis happen live, so to speak. Not good. __________________ >^..^<)))>{ All generalizations are wrong. Last edited by Catfish; 04-20-20 at 02:22 PM.*

04-20-20, 02:20 PM	#71
vienna Navy Seal Join Date: Jun 2005 Location: Anywhere but the here & now... Posts: 7,495 Downloads: 85 Uploads: 0	Gonna be fun seeing all them Texans trying to sneak across the border to Mexico looking fer jobs... <O> __________________ __________________________________________________ __

04-20-20, 02:28 PM	#72
vienna Navy Seal Join Date: Jun 2005 Location: Anywhere but the here & now... Posts: 7,495 Downloads: 85 Uploads: 0	Published earlier this morning just before the wheel started to come off... The world can thank President Trump for the oil deal -- https://thehill.com/opinion/energy-e...r-the-oil-deal Not to fear: Trump will take full responsibility... ..just as he always has... <O> __________________ __________________________________________________ __

04-20-20, 04:22 PM	#73
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 40,461 Downloads: 9 Uploads: 0	They are currently pumping newly created trillions of mone yinto the real economy. I will laugh tears of despair and anger when then I will see the crowds applauding again and going cheers and chimes when stocks will grow again. while that only means that the money has been fundamentally devalued and therefore prices go up to compensate that devaluation. All that stimulus they now demand, all that bailout packages and aids and payments - guess who gets robbed for it in the end? You. Me. This crisis will leave even more companies in zombie status. And all these unfit-to-live companies will be artificially kept alive. In one yera and in two years, we will have a far bigger quota of zombie comaponies than we already have now. Cannot. Be. Good. Germany. Diffrerent to the US and China where subsidies for electric cars are to run out and sales are expected to drop or already have started to drop, Germany has reinterated its detwemrination to stay on course into full economic collpase. German car makers more or less burn all bridges to gasoline and Diesel engines. But E-cars are doomed to fail, now more than already before. Then the m ost important pillar of German industry and econoym will break down. Oh that much joy and fun ahead. All that fiscal carnage. For germany. For the EU... Super-Uschi meanwhile insists that more moeny gets paid into EU's own budget. If you raise children, tell them to run, run, run away, and then run further. __________________ If you feel nuts, consult an expert.