Financial topics

[vincecate]

“Supply-side constraints have gotten worse,” Mr. Powell said Friday at a virtual conference. “The risks are clearly now to longer and more-persistent bottlenecks, and thus to higher inflation.”

“I do think it is time to taper,” Mr. Powell said Friday

https://techiai.com/powell-says-supply- ... tion-risk/

Powell is seeing more risk of inflation, but not taking any blame for it.

Again, if prices of copper (or whatever your business needs) are going up 30% and your bank pays you 0.25% on deposits, it is rational for your business to use any extra money to order extra supplies and not put it in the bank. But this is also true for all other businesses that use any sort of store-able supplies. This increases the velocity of money and drives up prices. Only fix is for interest rates to be well above inflation rate. Powell won't do that. So shortages and inflation won't be fixed.

[aeden]

Retraction on price I forwarded. It was higher.
https://www.armstrongeconomics.com/mark ... -a-gallon/
Democrats are mindless voting sheep.

[aeden]

https://twitter.com/R_H_Ebright/status/ ... ays-report

lie cheat steal in real time

https://cms.zerohedge.com/s3/files/inli ... k=BFf_TbjK

https://pbs.twimg.com/media/FCLLj3-UYAE ... name=large

[Higgenbotham]

Fears are growing among European leaders that the EU's industrial recovery from the pandemic is about to be undercut by yet another supply shock: a shortage of Chinese magnesium, which is vital to sectors such as cars, planes and electronics.

More than 95 percent of Europe's magnesium comes from China but the country is slashing back output amid nationwide energy shortages. China is, by far, the world's biggest producer, meaning it would be hard for smaller producers such as Russia and Israel to step in and fill huge shortfalls.

German Chancellor Angela Merkel and Czech Prime Minister Andrej Babiš — revealingly, leaders from top car-making countries — raised the issue on Thursday during an EU leaders' summit, according to a diplomat familiar with the discussion.

"Merkel [said] it's become too costly to produce it [in China] because of the high energy prices," the diplomat said, adding that the outgoing chancellor also warned about the knock-on effect on car production in Europe.

Babiš was even more direct, saying the auto sector is facing a "disaster."

"After the semiconductors crisis, now we have the magnesium crisis," Babiš said in the European Council summit, according to the diplomat.

https://www.politico.eu/article/eu-lead ... um-crunch/

[Higgenbotham]

I believe these predictions from almost 4 years ago may be starting to materialize in a way that indicates there will be no turning back. We've seen the canaries in the coal mine where there have been minor ongoing supply chain problems, a minor ongoing pandemic, and a minor stock market crash that the Federal Reserve was able to stop. We saw the minor power grid problems in Texas earlier this year. We've also seen the minor local strife in formerly safe and tranquil cities such as Portland, Oregon. We now see predictions of food shortages due to lack of ammonia. It's impossible to know when the financial markets will panic. It could be on Monday or it could be years from now, but my guess is that it will happen within the next year. When that panic happens, that's when minor problems should start quickly turning into major problems.

My more specific predictions would be:

• There will be a major global financial panic and crisis. Supply chains will break, resulting in unavailability of critical raw materials and components. Global trade will begin to shut down. As it begins to become apparent that the supply chain linkages are permanently broken, the global interlinked financial markets will shut down and cease to exist. This will all happen very quickly. It will not take years from the initial panic.
• The focus of governments will turn to controlling their panicked and hungry populations. Due to lack of availability of imported goods and adequate storage "sufficient to reconstitute" a system consistent with nation state government, this will prove to be too little too late and most government will devolve to the local level as populations lose faith in their national governments and the national governments lose the resources and ability to control their populations.
• There will be no large scale nuclear war. Instead, the population will be culled through starvation, local strife (including settling of long-standing scores) and disease. Wave after wave of pandemics will sweep the world.
• Similar to national economies and governments, centralized utilities will fail or become so decrepit as to be unsafe and unusable. All centralized utilities including the power grid will shut down permanently.
• The initial worldwide kill rate during the first couple decades following the financial panic will exceed 90%. The global population will be in the range of a few tens of millions when the bottom is hit in two or three centuries. Similar to the last dark age, the world's largest cities will have a population on the order of 25,000 and a large town will be 1,000.
• Life during the coming dark age will be similar to the last dark age but worse due to environmental damage and pollution.

[vincecate]

Twitter co-founder Jack Dorsey weighed in on escalating inflation in the U.S., saying things are going to get considerably worse.

“Hyperinflation is going to change everything,” Dorsey tweeted Friday night. “It’s happening.”

https://www.cnbc.com/2021/10/23/twitter ... world.html

[vincecate]

It's impossible to know when the financial markets will panic. It could be on Monday or it could be years from now, but my guess is that it will happen within the next year. When that panic happens, that's when minor problems should start quickly turning into major problems.

It is impossible to know when, but I think dates like Nov 10th and Dec 10th, when a CPI number is released, have an above average chance.

https://www.usinflationcalculator.com/i ... -schedule/

[aeden]

You are correct H.
As we noted early was classified wrong.
Others prepared.

[aeden]

Every new detail that we find out about the reckless Biden policy in Afghanistan produces only more proof that they lied from day one,
an anonymous Congressional source told the Free Beacon.

California Republican Representative Darrell Issa shared his feelings with the outlet: "We now know this administration repeatedly lied to the world about the citizens of our country it abandoned in Afghanistan. But it did something even worse: It broke a sacred bond of trust between Americans and their government. This isn’t close to over."


As long as we have governments implementing “green” hysteria we’re going to see inflation in those sectors which they are attacking.
While we’re at it our sauerkraut-eating friends who are enjoying the consequences of electing their own pointy shoes hell bent on running the country on unicorn farts, we are about to pay more for… well, EVERYTHING.

No one was against the cost per watt facts but lie cheat steal polo-tics.

The parents have two years of heat supply as of last Friday. This current admins in the swamp should all be sacked and start over.
We see a few democrats only against a insane lie cheat steal maniacs regime.

[aeden]

Worldcoin Offers Free Crypto To Scan Your Eyeballs.

massive biometric database. But for who??

Idiots