• You will need to login or register before you can post a message. If you already have an Agriville account login by clicking the login icon on the top right corner of the page. If you are a new user you will need to Register.

Announcement

Collapse
No announcement yet.

The great debt crash

Collapse
X
Collapse
 
  • Filter
  • Time
  • Show
Clear All
new posts

    To be honest , there is only one option out of this financial catastrophe for western Canada now .
    Canada is going so far into a hole so fast and throwing away the life ropes to even try to get out.

    Comment


      inflation?

      seems the way to me. but wages have to go along with it for the middle and lower classes to survive, and so far that has not been happening.

      also have to consider what the ratio is of sovereign vs foreign debt. inflation = lower value = foreign debt is harder to pay off.

      Comment


        China steel prices have suddenly plunged to a three (3) year low as global recession deepens. Major commodity indicator.

        Credit fallout will only worsen. Central bankers will panic react cutting rates only when it is far too late (IMO). That horse is long out-of-the-corral . . . .

        Comment


          Originally posted by errolanderson View Post
          Credit fallout will only worsen. Central bankers will panic react cutting rates only when it is far too late (IMO). That horse is long out-of-the-corral . . . .
          Click image for larger version

Name:	rh.jpg
Views:	1
Size:	83.9 KB
ID:	775201

          Comment


            Originally posted by jazz View Post
            [ATTACH]12742[/ATTACH]
            This coalition government is hellbent on destroying the middle class.

            Comment


              These rate hikes are NOT stopping anytime soon seen this song and dance before. Do you think the government cares who gets hurt and who doesn't . The poor will still be poor ,the rich will spend before the gov takes their money or moves it to a country to invest it and the regular working stiff will get left holding the bag for all of it.

              Comment


                Originally posted by Old Cowzilla View Post
                These rate hikes are NOT stopping anytime soon seen this song and dance before. Do you think the government cares who gets hurt and who doesn't . The poor will still be poor ,the rich will spend before the gov takes their money or moves it to a country to invest it and the regular working stiff will get left holding the bag for all of it.
                I am afraid that there is a group of people who deserve all the pain coming their way. Their habits, living beyond their means, driving Mercedes and living in a $900K house at age 25, loaded up on residential real estate, voting liberal or NDP all the way.

                My bank rep told me in confidence that during covid, people brought their cerb cheques in as downpayments on vacay properties or big renos.

                Comment


                  Houses are popping up for sale in town now quickly . Bank guy says over 1/2 mortgage renewals can’t remotely pass the “stress test”

                  Comment


                    Banks are obsolete under the planned Central Bank Digital Currency. All transactions digitally processed through a central bank server in real time. There is a major credit event on the horizon that will allow them to rollout their new system. Savings wiped out, banks bankrupt, countries bankrupt and cash finito. They will attempt to make it look organic, but it was all planned far in advance, the notso Great Reset. This is the end result of allowing private interests to subvert control of the issuing of currency, we've been hoodwinked.

                    Click image for larger version

Name:	Screenshot_20230607_020456_Samsung Internet.jpg
Views:	2
Size:	57.9 KB
ID:	775204
                    Last edited by biglentil; Jun 13, 2023, 08:58.

                    Comment


                      The global recession appears deepening rapidly despite all the comments from mainstream media stating that everything is fine.

                      China has cut rates again as their economy is struggling, unemployment rising. The Fed continues to bark up the inflation tree, but they have paused rates. This suggests that their policy may not be working well. Next step for The Fed will be cut rates possibly this fall (IMO).

                      Any commodity price rebound is now having difficulty holding for long. Then the selloff is again on. The problem? Demand or lack of.

                      Falling global population is not bullish commodities.

                      The jest of these comments is: be prepared to sell into market strength when it appears. These markets just won’t long into rallies. Again, watch that basis. It tells a story of demand.

                      As for the stock market, go at your own risk. A total casino right now. My opinion, that may not be shared.

                      Comment


                        Stunning decline in money velocity. Translation: consumers aren’t spending.

                        This is really tough news for retail as prices will continue to drop. Margins under pressure. Central bank policy has totally lacked forethought. Rates may drop sooner and faster (IMO).

                        Consumers have hit a financial brick wall, bankers won’t know what just hit them. More fallout in banking sector likely . . . .

                        Comment


                          Originally posted by errolanderson View Post
                          Stunning decline in money velocity. Translation: consumers aren’t spending.

                          This is really tough news for retail as prices will continue to drop. Margins under pressure. Central bank policy has totally lacked forethought. Rates may drop sooner and faster (IMO).

                          Consumers have hit a financial brick wall, bankers won’t know what just hit them. More fallout in banking sector likely . . . .
                          Like but do not like , government has been successful in decimating the middle class , the ones who keep the economy rolling . Been saying this for a long while .

                          Comment


                            It won't be just the city folks feeling the interest rate pain was told by a salesman at a pretty large dealership that out of his whole territory he had 5 farms only that were cash buyers of equipment.

                            Comment


                              Mortgage in Latin loosely translates to mean death grip. They got the populace drunk on the nearly zero percent interest rates, the punch bowl has been yanked and now comes the nasty hangover. No different than what the privately controlled central banksters did to cause the 1930's great depression. They are well versed on fueling bubbles and popping them, they've been doing it for centuries. They profit and consolidate control on the way up and even moreso on the way down. To "6uild 6ack 6etter", tag words used by the likes of Trudeau, Biden, and many other NWO useful idiots the existing system must be destroyed before they can implement their ccp style social credit system based on a digital ID and CBDC.
                              Last edited by biglentil; Jun 21, 2023, 14:24.

                              Comment


                                Govt is still spending errol. Have you kept track on how much money little ol Canada spent in the last few weeks.

                                Comment

                                • Reply to this Thread
                                • Return to Topic List
                                Working...