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Old 02-03-19, 04:38 PM   #31
bstanko6
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Isolationism. There was a time you had only the money that was in your county reserve. No more no less. All this borrowing, lending, spending...

When the global depression hits, we all need to go back to the isolationist ways. US was an economic powerhouse without foreign investments.

Now we have "paper" billionaires. On books they have cash but couldn't pull that money out to put in their pocket right now if they could... doesn't exist!

Am I right or crazy?
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Old 02-03-19, 04:48 PM   #32
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Matching the above post is the fact that last year the central banks, who try to convince the private people that gold is useless to hold and is no real, clever money these days, have bought the highest yearly ammount of gold since the gold-dollar linking was broken up by Nixon in 1971, or 1972. Never before in the past 47 years central banks a bought so hectically and so much gold, like 2018.



Again especially Russia's role in this is outstanding. They buy gold sicne many years and in reverse got rid of their dollar reserves and US bonds. They just hold a tiny fractionof what they hd just a few years before, and what they still have, 14 billion in US reserves, in itself is practically meaningless.



Why do central banks do this if in their own words it is stupid to hold gold reserves?


I think some thinking about the reasons of this is in everybody's most essential interest.
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Old 02-03-19, 05:01 PM   #33
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Quote:
Originally Posted by bstanko6 View Post
Isolationism. There was a time you had only the money that was in your county reserve. No more no less. All this borrowing, lending, spending...

When the global depression hits, we all need to go back to the isolationist ways. US was an economic powerhouse without foreign investments.

Now we have "paper" billionaires. On books they have cash but couldn't pull that money out to put in their pocket right now if they could... doesn't exist!

Am I right or crazy?
thats why I am intersted to see how China will do. The Western dominance in globla trade of the past two hundred years, was just an anomaly in the past two millenia. Because except in those two hundred years the by far dominating and most powerful trading nations in the world were China, and India. And with their modern Silk Route project and the outlook to overtake the US in net productive economy size around the year 2030, by today'S trends, nobody can say that they just will fall victim to whatever happens to the West.



Just compare how little time it takes them to build a huge and fully functional international airport - and how long it takes the Germans. The construction expertise of the world these days sits not in Germany or America, but China. They want it - so they decide it, they do it and they put all effort needed into it. Period. Germany should turn pale in embarassment.



And its not just the airport in Berlin. Itds also the govenrment's aircraft flying from it.


On a sidenote, Lufthansa considers to withdraw from the never ending drama around Berlin airport, and cancelling any plan to build a base there. Mind you, this was meant to be a prestige project and the national capital's primary airport for which Tempelhof got shut down and Tegel still is planned to be shut down.
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Old 02-11-19, 12:12 PM   #34
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The ICF, FED, ECB and central banks now plan to widen the most malicious major crime they have ever pulled so far.

Quote:
If the economy deteriorates, the central banks try to stimulate the economy with interest rate cuts. However, interest rates for many central banks can hardly fall even lower. Therefore, the IMF has another idea of ​​how the economy could be boosted: with a tax on cash.

Many investors are worried that the euro-zone economy will soon slip into recession, while the US economy may well fare shortly thereafter. Therefore, the International Monetary Fund (IMF) is considering how to keep the world economy going in the next "severe recession".

Because the classic tools do not work anymore. The central banks can barely lower their interest rates further in order to stimulate the economy. A solution would be negative interest: Who has money in the account, receives no interest, but on the contrary has to pay a fee on his savings. This should save savers from saving. Instead, they are to be forced to consume, as it were, in order to keep the economy running.
Cash is protection against punitive interest

There is, however, a "problem": the cash. "In a cashless world there is no lower limit on interest rates. For example, a central bank could lower (lead) interest rates from two to four percent to combat a severe recession, "said Ruchir Agarwal, economist at the IMF, and IMF Advisor IMF signe Krogstrup, a former member of the Swiss National Bank to a recent study. "Without cash savers would have to pay the penalty interest, which would make consumption and investment more attractive. That would stimulate lending, boost demand and stimulate the economy, "said the two IMF experts.

However, there is still cash - which can avoid the penalty interest. Because the savers could simply withdraw their money instead of paying a fee. Especially in Japan, Switzerland and in the European Union, the share is still high.

Therefore, the two IMF experts have come up with a new idea of ​​how to effectively introduce negative interest rates despite cash.
Cash should lose value

According to the working paper of the IMF, the plan is to be implemented as follows: The central bank is to divide the monetary base into two currencies, on the one hand cash and on the other hand electronic money (e-money). On the latter, so the book money, the penalty interest would automatically arise. At the same time, cash should get a certain conversion rate against e-money. "This conversion rate is crucial for the plan," say the IMF experts.

If interest rates were at minus three percent, cash would have to depreciate by three percent a year over e-money. Thus, one dollar would be exchanged after one year only to 0.97 "e-dollar". Thus, it would not matter if you left your money in the bank book and paid the three percent penalty rate, or less for his cash would get.

To do this, companies would have to publish prices for payments in e-money and cash. "Cash would therefore lose value, both in terms of buying goods and in relation to e-money, and it would make no sense to hold cash rather than bank deposits," wrote the IMF staff.


IMF proposal is devastating. In order to introduce this system of two currencies, that is, of cash and e-money, there would only have to be small changes to the monetary policy of the respective central bank. "Compared to other proposals, this would have the advantage of completely freeing monetary policy from the lower interest rate (zero interest rates)." However, an "enormous communication effort" would be necessary - the citizens would have to sell so why penalty interest would be great and cash devil stuff.

The question remains how this system should work. Will a cash withdrawal be used to stamp the cash on the date of withdrawal? Finally, you have to determine how long the cash is already in circulation to know the corresponding exchange rate for e-money.

The IMF's ongoing plans to apply penalty rates around the world should make it clear to every citizen what the world economy is all about. Since only alarm bells can shrill. After the debt explosion of recent years, the IMF and many other experts are convinced that the system can only be run with punitive interest, ie the expropriation of savers.
source: https://www.focus.de/finanzen/boerse..._10306882.html


Filthy criminal scum they all are, criminal and rotten from head to toe, unscrupulous and shameless. I have more thna enough of all these super crminals. I want to see them being dead, hanging in the tress until the birds are fisnihed with them.

This is not a game. This now turns into the biggest rip-off in the history of mankind into even a bigger plundering tour.



Stinkendes Verbrecherpack. They all have to drop dead, else they will not stop.


Our beloved government will pose as if it is resisting, but of course secretly will fully support this move. The war against cash money and gold is at the secret top of the agenda since many years already.



The finance headquarters in Washington, from the IMF over the WB to the FED, should be bombed into moon's orbit with cruise missiles, to be honest. They and their formidable criminal policies are the worst living enemy of man today. I indeed hate and dispise them with a passion. Parasites and plunderers. And it gets worse and worse and worse whatever is coming from them. They are scum.
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Old 02-11-19, 12:20 PM   #35
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When's that next space shuttle to the moon due?
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Old 07-14-19, 07:06 PM   #36
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The world economy system continues to disintegrate. The old status will not come back, though.



https://translate.google.de/translat...a-1277238.html
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Old 07-15-19, 02:08 AM   #37
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And now some astronomy. Lets talk about black holes.

https://www.bloomberg.com/news/artic...kets-quicktake

https://www.bloomberg.com/news/artic...ow-zero-yields


If that is not frightening you, then nothing ever will.

I think Earth is heading for an economic-financial extinction level event. And there is no way to save yourself. Not bonds. Not cash. Not shares. Not property. Not gold. They all will get affected negatively once the earthquake starts, and what still works, will be forbidden and plundered by state actors.


Think of it. 52 trillion dollares in state debts. Already 13 trillion of that with negative interest. Both quota and negative interest are rapidly growing. That's 52 with twelve zeroes behind it.



-----


The loss in German total monetary assets held by private households and owners and business (4.8 trillion) due to negative interest damages and effects, last year was over 350 billion. Thats over 8%. Such loss rates nobody and nothing can sustain for long. Since losses due to wanted inflation have not even been included. State economists and Keynesians say that inflation should be wanted and is needed and is good and must be fostered by the state. Four unscrupulous lies in one sentence. Its a defence for criminal mismanagement.
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Old 07-15-19, 02:47 AM   #38
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If it happens we'll deserve it.
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Old 07-15-19, 02:54 AM   #39
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If it happens we'll deserve it.
Only those of "us" who defended the system and supported it, and legitimized those running it.

People and warners of my thinking and who did their part to stay out as best as they could (its de facto forbidden and impossible to stay out completely, mind you, you can only do your part to take yourself back as much as you can) do not deserve it. We are the majority's victims. We get exploited and abused. Thats why I am so angry. I am no supporter, and enver was, since I left my parent'S home. I get hit by the #### that others have started to throw around, or did not care for being thrown around. These are the ones who deserve it.
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Old 07-15-19, 07:29 AM   #40
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Quote:
Originally Posted by Skybird View Post
The ICF, FED, ECB and central banks now plan to widen the most malicious major crime they have ever pulled so far.
Nothing new to me, the long term agenda is to destroy paper money for digits on the screen (FAKE MONEY) and of course your personal information. People in most part welcome this with open arms!

You watch as they sell the idea for human chipping as a wonderful thing and the fools falling for it...Chip me up baby its so cool. They will not be saying that when the trap is sprung.
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Old 08-06-19, 02:50 PM   #41
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Warren Buffet has stoipped to invest. Greetings from Ayn Rand.

https://translate.google.de/translat...eren-will.html

Personally, i have opted out of paper stuff and stocks two years ago, I found that when _I looked at the stockmarket, what happened did not make sense to me anymore and the values announced I did not see as well-founded, solid, serious figures. I opted out, following the maxime to suffer some losses in small profits not realised, but avoiding any big loss from the Big One suprising me and all others, and that could come just any day now. This week, in two years - nobody can say. I am too old as if I could afford a big loss and then spend many years to see compensation for it in the afteryears. The next earthquake in the paper money world will be bigger than 2007, and the Euro will not survive it, and then even companies of whom you own stocks may lose much of the blown up value of theirs.

There is no risk-free or low-risk interest to be found anymore. There only is interest-free risk left. And thats what the FED and ECB wants to force private people to go into.The 30-years-duration German bonds last week where the last German bonds now being given with punishment taxes (=negative interests). If even claimed solid bonds like German ones get handed out with negative interest punishement now, this tells all you need to know. Not that I am a fan of bonds, I am not, not at all. Bankers say that now 97% (edit, I am not certain anymore, could also be 80% what they said) of all state bonds in global circulation are bonds with negative interests. Growing. even high risk bonds come with negative interests now!

In Germany, the socialists plan to tax not just selling stocks from near future on, but also buying them should be taxed. Double txes. You buy them with income of yours that also already was taxed, so it in fact is triple taxing. Only buying German state bonds should be free of tax. Instead, you get less money back at the end, and pay "negative interest". Insane.

There is not one indicator light on the control panel that is not hectically flashing in emergenc-red. Its all red, whereever the eye looks. Abandon the ship if you can.
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Old 08-06-19, 03:24 PM   #42
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Well we can thank Trump for it, and China. Trade war.

Regarding the german bonds and Money politics.. i do not like Krall, but he has a Point.
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Old 08-06-19, 04:26 PM   #43
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Well we can thank Trump for it, and China. Trade war.

Regarding the german bonds and Money politics.. i do not like Krall, but he has a Point.

"Wenn schwarze Schwäne Junge kriegen":


The monetary crash as a result of the monetary policy of the ECB is such a black swan. The majority of the population and the elites do not see him ,or refuse to acknowledge that a 800-pound gorilla sits at the breakfast table.

The euro crisis is not the only black swan. In my book I have - without claim to completeness - identified four others. They concern our data security, where the arrival of the quantum computer will turn old certainties on the head, the end of the party system that has survived because the parties view the state as the prey to their corruption, the legal form of the corporation because it separates ownership and control and gave a managerial caste power over resources that it does not own but can exploit. The result is bureaucratized large corporations that are no longer entrepreneurial, who punish trial and error with the end of personal career, and who, on a small scale, engage in the same kind of bureaucratic sclerosis as the state on a large scale. But what they master excellently is the corruption-intriguing game of lobbying. In this way they become part of a machine that tries to undermine and suppress market forces because they can not survive otherwise.

Last but not least there lurks at least one big black swan in the form of geopolitics. It consists of the tandem of neo-Ottoman imperialism and an immigration policy that has long since left the border to idiocy behind. Its explosive power will be greater the longer we allow our failed elites to continue their false economic, monetary and security policies.






^ Reply he gave in some interview. Further:





There are no more ways to avoid the crash.

The number of zombie companies is likely to be so great that the volume of lending to them exceeds the equity of the European banking system. The earning power of the banks has been permanently destroyed because they were forced to lend long-term loans at low margins. So it will take a long time to grow out of this revenue anemia. This is the downside of the fact that it took a long time for it to become visible, because you could feed on old, long-term loans with high margins. Other reserves were also consumed and reversed to make institutions' balance sheets and income statements more enjoyable, such as provisions for credit losses. They have been lowered in the course of the decline of bankruptcies, which was only a saving of zombies, and thus profits shown, the substance of which has approximately the character of the profits, which flushed the toxic securitization until 2006 in the income statements of the banks.

However, there are ways to influence the strength of the crash and the speed of recovery. This requires an early strengthening of the equity capital of the banks so that they do not have to be saved from bankruptcy until the crisis. The sums you need after a collapse are three times as high. That's a difference.

Secondly, we need a bank restructuring law that allows for a 50% cost reduction without the double amount of annual savings immediately flowing into severance pay.

Third, we need a market-based 100-day program that would make our real economy more resilient.

But you can bet that nothin
g will happen. Our political elite prefers to take the oath of blessing after the crash, rather than confessing its failure a few months earlier with the change of course.




And last:



The majority of economists live in a belief system that has won through the symbiosis of politics and chairs in recent decades. This is Keynesianism and its offshoots. Keynesianism provides for the politics of our day what the geocentric view of the world has done for the rulers in the sixteenth century. It provides a narrative that allows politics to raise bread and games, consumerism, to a state ideology. In Keynesianism, this consumerism carries the inconspicuous name "demand".

On the one hand, this theory building provides the foundation for the tax and redistribution state that politics wants because it can thus buy votes, and on the other hand it is fed by a grateful political class. The problem with this theory is that it proves itself again and again in the test of reality as false. This is especially noticeable in monetary policy. For more than 10 years, the ECB has been trying convincingly to generate inflation based on its models by inflating the central bank money stock like a condom in the quality test. With ever-decreasing interest rates, always new bond purchases, more and more panic. The models are provided with regularity with new pipes and valves, which appear to be only partially controllable by the computing power of modern computer. The motto is: "Ours is the firepower, the printing press and the computing power". A few quarters later, you can see that reality has not kept up with the model and is building a new variant.

On the other hand, the representatives of the Austrian School, a minority, are cut off from the fleshpots of the university enterprise of state planning and favoritism. There are the instruments for explaining the disaster for decades before. But because it is always only a minority, to whom the scientific search for truth means more than hanging on the state teat, this group too is small.

But it does not bother me. Because with regard to the reality and the dispute over their explanation applies a word from Ayn Rand: "One is free to ignore the reality. One is free to free one's mind of any focus and to stumble blindly down every path one desires. But one is not free to avoid the abyss that one refuses to see. "
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Old 08-07-19, 01:41 AM   #44
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Quote:
Originally Posted by Skybird View Post
"Wenn schwarze Schwäne Junge kriegen" [...]
That's his theme i was referring to, yes.




(Diese Schwaben. "Neckarbuben", my donkey )

I understand why he predicts a 'crash', Dirk Mueller has said so since years as well. I do not like Krall's connections to the AfD and his bashing the government for all though, after all a lot of banks were not forced by a "socialist" government to bind certain bad "financial packages", they did so out of understandable greed, to make quick money, and f..k the future.

There has never been much farsight when it comes to banks, making a bit of quick money, and then look for another job, or bank asap, before the sword drops.

He behaves like a Helmut Kohl Zombie, "Freedom or Socialism", and tries (AfD politics of course) to destabilize our government as good as possible, with(in) his own means.
A sympathy for Hayek, Mises or Ayn Rand also do not make him that trustworthy imho. He is milking his publicity as good and long as possible of course, and he has some arguments alright.

Still I doubt a crash will happen in 2020, Mueller predicted one for 2018, others earlier. but we will see. Right now we have not even recovered from 2008..
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Old 08-07-19, 04:53 AM   #45
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The crash, the Big One, is inevitable, the question is only how many cruelties and crimes more by states and central banks will precede it.


And mind you, paper money was politically wanted. The guilty ones are polticians. In 1914 and the early 70s, they wanted to pay for their upcoming or running wars that with a robust real currency worth the name "money" would have been impossible to be fought to the end.



Another major guolt factor I have mentione dseverla times as well as Krall above now does: the separation of ownership and responsibility. Managers today are allowed to jump around as they wish, playing their self-enrichment game with money that is not theirs and so they can play without own risk - while the possible gains from a winnign situation they happily proclaim as "theirs". Its a simple fact of life that you care the more for somethign that indeed is yours and that you plan t hand ovr to the next generation in your family, than you care for somethign that is not yours and to which you are not bound in any way. No risk is easier taken than the risk of the others.



Krall also mentions that the state order has become the prey of he corruption of the political parties and their selfish power interests that they put before the national and civil interest. I use to say that every democracy necessarily leads to socialism and leads necessarily to totalitarinaism - becasue sooner or later any socialist order must collapse and can only be enforced then any longer against the will of the people by brute force.



Historyholds many exmaples. The way the eU moves, i criticised that often enough, is towards dictatorial paternalism, and totalitarianism. Right becasue of the reason I here have repeated once again. The overboarding bureaucratization of business by every growing floods of rules and laws and demands for documentation, also illustrate it, so does the streamlining, nudging and manipulation by state-close mainstream media forming the population that polticians want to have: happy sheep that are easy to bribe with the stuff that has been stolen from them just a day before.


The crahs will come, it is inevitable. I only do not dare to nail down the date. Two weeks, three months, four years, i don't know. Could even become a Japanisation of thr situation and many more years of money erosion and plundering savings and punishing. The end will allways be the same: the biggest crash in the history of human civilizations. I would hope I am already dead when it happens. I have no interest at all to witness and live through it.


Thats why I keep my thigns and stuff together, have abandoned banks as far as possible, and live every day as enjoyable and responsible (not adding to the damage) as best as I can, as if it were my last day. Becasue the Big One will not come with long alarms and waiting periods, it instead will come suddenly, with a surprise. And it will be a good old friend: the same crisis that is cooking inside a pressure cooker since several decades already.
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