Black Monday?

[1Admin]

https://www.zerohedge.com/markets/black-monday-all-hell-breaks-loose-stocks-plunge-bear-market-curve-inverts-cryptos-crater

And news that June 15th Fed meeting may raise rates up 1% - GASP!!

Let it happen, probably need more than that at this point any damn way.

Rates go crazy high, people will stop thinking their $70K chipboard McMansions are worth $500K and get a little more realistic. Rates being high means less 'risky" people will be buying houses which should add more stability to the housing market versus the "you have a pulse and can sign? You got it!" approach that has seemed to prevail the last 10 or so years.

[surviort_wwdnet]

I'm still looking for viable options with some land, and prices coming down would be a good thing for me. My house is valued at more than 2x what I paid for it but is it really worth that much? I don't think so and I hope my taxes don't start reflecting that inflated value. The upside to raising interest rates is that my savings account will grow faster.

Steadily drawing down my bank account to have more cash on hand in case I run into a good deal locally for "something" that I haven't decided on.

[Patriotic Sheepdog]

https://market-ticker.org/akcs-www?post=246134

"Unfortunately 50 bips will do nothing to cool inflation; to do that short-term rates must be higher than the inflation rate so that the real cost of borrowing is positive. That would mean putting about 700bips on the FFR right here and now -- which we know won't happen."

I feel anything less that 100bips just shows the FED does not want to take inflation seriously or is just plain trying to make things worse...

[1Admin]

Couldn't agree more.

Had to do some banking and transfers earlier today, asked my banker- "Are we going to see some decent money market rates again soon?" She smiled and said "I sure hope so." I told her it wouldn't break my heart to see early 80's rates.

[Patriotic Sheepdog]

Okay, they did 75bips....this tells me they are not trying to stop the death nail from being driven in deep. Problem is, this will make recovery even harder. We need to swallow the bitter medicine and get on to healing. So much could be done to help out the people that are going to struggle during these hard times ahead, but some reason TPTB do not want to do it. But TPTB are okay giving another $1.2B to Ukraine...:mad:

[surviort_wwdnet]

Okay, they did 75bips....this tells me they are not trying to stop the death nail from being driven in deep. Problem is, this will make recovery even harder. We need to swallow the bitter medicine and get on to healing. So much could be done to help out the people that are going to struggle during these hard times ahead, but some reason TPTB do not want to do it. But TPTB are okay giving another $1.2B to Ukraine...:mad:

Ukraine - the money-laundering, illicit biolab, baby mill capitol of the DS.....it looks like they will do anything to preserve their corrupt investment

[Patriotic Sheepdog]

Ukraine - the money-laundering, illicit biolab, baby mill capitol of the DS.....it looks like they will do anything to preserve their corrupt investment

I am not up on the communist/marxist/socialist/progressive doctrines but I seem to remember one of those (maybe many of those) doctrines have something about keeping people in chaos. We have been in chaos since Trump was in office...Russia gate, impeachements, CV19, elections, Epstein, border, voting machines, economy, fuel prices, border again/still, maybe a Nuke, maybe an EMP, cyber attacks, baby formula, Ukraine, Taiwan, vehicle chip shortages, real estate market, truckers not truckin', trucker convoy to Canada, jab or no jab, jab the kids, is jab safe, shutting down opposing medical voices when it comes to jabs, Jan 6, gun control, attacks on SCOTUS, attacks on SCOTUS nominees in hearings, G. Floyd and others, Antifa and BLM burning cities and LEO told to stand down and watch, parents speaking their minds at school board meetings and becoming a domestic terrorist for exercising their 1st amendment rights, Rittenhouse, and probably others that just don't come to mind. So yes, America has been in a state, or states of chaos for several years....

[surviort_wwdnet]

I am not up on the communist/marxist/socialist/progressive doctrines but I seem to remember one of those (maybe many of those) doctrines have something about keeping people in chaos. We have been in chaos since Trump was in office...Russia gate, impeachements, CV19, elections, Epstein, border, voting machines, economy, fuel prices, border again/still, maybe a Nuke, maybe an EMP, cyber attacks, baby formula, Ukraine, Taiwan, vehicle chip shortages, real estate market, truckers not truckin', trucker convoy to Canada, jab or no jab, jab the kids, is jab safe, shutting down opposing medical voices when it comes to jabs, Jan 6, gun control, attacks on SCOTUS, attacks on SCOTUS nominees in hearings, G. Floyd and others, Antifa and BLM burning cities and LEO told to stand down and watch, parents speaking their minds at school board meetings and becoming a domestic terrorist for exercising their 1st amendment rights, Rittenhouse, and probably others that just don't come to mind. So yes, America has been in a state, or states of chaos for several years....

I think the goal is to create and maintain so much ongoing chaos that free people will beg the gov. to take over everything and just give them some safety and security, rather than eliminate the root cause of the chaos (which would leave most of gov, agencies, globalists on the outside looking in). Alinsky layed out the steps to achieve socialism and we are seeing this blueprint followed to the nth degree. For your reading enjoyment:

https://www.tomcollinsauthor.com/www...d%20the%20poor.


https://www.citizenshandbook.org/rules.html

[prc-104]

Nice call WWD.
It's exactly what Cloward-Pivens Fourth Turning said as well as what the marxist 10 steps said.
Force/encourage everybody to get on the government dole and the country will go broke and collapse.

I listened hard to my grandfather and great grandfather, about what life was like in the depression in 1908?, The roaring 20's and the 30's depression.
It was great to learn about and keep tucked away in the back of my head.
I prayed I'd never have to live thru such a thing but here I am, in the early stages of doing it

What concerns me most is unlike what my grand-pers went thru which was economic control.

What I'm living in now is a quiet military war to take over our country and eliminate most of us who still have a backbone.
Unfortunately, most are sheep in the ramp into the carnage.

this is "silent weapons for quiet wars" to the extreme.

tsk,tsk,tsk.

If you need a description of why the sheep are that way is they have become HIGHLY SKILLED VIDEO WATCHERS
who accept what they are told and have had critical thought skills stolen from them. GO WITH THE FLOW!

Remember that movie Think it was called FIRE SALE where they took down economics, industry,computers, cell phones and wall street? (Was actually called "Live Free or die Hard)
The premise was we could handle any one of the above.
BUT when all of them happens at once or in tight succession, the country would fall.

Welcome to THE FIRE SALE.
Stay frosty and check six.

[Patriotic Sheepdog]

So...this, I feel, would be the nail in the coffin that permanently seals the lid. If they control the money, they control you. Was it Kissinger that said those that control the food controls the nation, those that control the energy controls the continent, and those that control the money controls the people? Well if they control the money, they control you. Even precious metals will be no good if you cannot trade them or cash them. If the person you are bartering with cannot cash them out what good are they? I guess an underground system could be started, but if the PTB got hold of it, well then off to the gulog for ya....oh, and they have been researching a CBDC or Fed coin or DUSD for years. The second link is an article from 2020 where they state that "discussions" and testing were being done for years. Pretty much they all are liars, Powell makes it sound like they are just now looking into it. I believe, just my opinion, the economy will continue to be brought down to where people will be begging for some help. The Fed will step in and offer a DUSD card with $5000-$10,000 on it but you have to use it, set it up, within the next 60 or so days or it will decrease in value. The high amount on the card will be to get the naysayers and opposition to sign up despite their reluctance. FRN will be phased out, ESG will be attached to the card, and then its done.....tin foil too tight?

https://www.thegatewaypundit.com/2022/06/inflation-skyrockets-markets-collapse-fed-chair-jerome-powell-says-fed-examining-us-central-bank-digital-currency/

https://www.forbes.com/sites/jasonbrett/2020/08/13/federal-reserve-reveals-research-plans-for-digital-dollar/?sh=46d7d5a15946

excerpt: "Federal Reserve Governor Lael Brainard provided a broad description of the Fed’s ongoing research and plans in the potential development of a U.S. central bank digital currency (CBDC), also described in the U.S. as a Digital Dollar. Brainard, who has for years led the discussion at the Fed on distributed ledger technology and digital currencies, noted the Fed is active in conducting research and experimentation in these areas.........Brainard described ‘in-house experiments’ at the ‘Board Technology Lab’, where a multidisciplinary team of application developers from the Federal Reserve Banks of Cleveland, Dallas, and New York helps support a policy team at the Board studying the “implications of digital currencies on the payments ecosystem, monetary policy, financial stability, banking and finance, and consumer protection.”