2020 Collapse

Discussion in 'Markets & Economies' started by TreasureHunter, Dec 8, 2019.

  1. TreasureHunter

    TreasureHunter Well-Known Member

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    The EU is easing: buying bonds. It's like attempting to eat the same food twice, expecting a higher number of calories the 2nd time :D
     
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  2. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    It’s not because gold has gone down but the euro has gone up.
     
  3. TreasureHunter

    TreasureHunter Well-Known Member

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    I think gold indeed has gone down due to profit taking, but is still holding on quite well, despite this.
    Besides this, the dollar is losing ground tremendously due to the political pandemic there (Bidenitis) and the US economy is not coping well.

    I have a feeling Biden will put the pedal to the money printer harder than ever. It's disgusting how much the Fed depends on the government.
     
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  4. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    He wants to do away with the trump tax cuts and pay for a bunch of infrastructure work and different crap with higher taxes.
    Millions of Americans out of work and hes gonna raise taxes when he has unlimited printing at his fingertips haha. Sounds like the democrats alright.

    They are already counting on getting nothing done and are already placing blame haha.
    It's definitely a mental disorder.

    New circus much like the old circus.
     
  5. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    The dollar falling after a stock market collapse is normal. The dollar also fell a lot after 2009, all the way till 2012. But if you sold gold in 2009 just because the dollar is falling, you would have lost out on the gold bull run from 2010 to 2012.

    Anyway, the US congress just passed the stimulus, so we're entering danger zone because ensuring that Americans get their stimulus checks is the only thing that is stopping Trump from going further.
     
    Last edited: Dec 19, 2020
  6. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    I heard it might be $600 this time. Who knows.
     
  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Won’t be $600. The south asian are basically half immune to the virus, did anyone see the news? Over 150k migrant workers had the antibodies, vast majority asymptomatic. Fatalities less than a couple dozens for the whole lot of them. Officially about a dozen but I believe it’s more. It’s possible that 300-400 million Indians had already been infected.
     
  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Eggs for lunch. Look how happy they are. I'm quite sure none of us here can match their carbon footprint. This is what I call low carbon footprint, not Tesla and batteries loonies.

     
  9. TreasureHunter

    TreasureHunter Well-Known Member

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    ^
    That carbon propaganda is baloney. I don't think it's carbon that's hurting the planet. Nor carbon-dioxide.

    Rather the artificial food additives, the plastic and the toxic gases are the ones we should worry about.
     
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  10. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    What do you guys reckon? Holidays are upon us - good time to usher in new regulations. :eek:

     
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  11. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Linked from this video. The sudden spike in M1 since mid Nov, haven’t seen any good explanation for it. Gold is still dead for now.

     
    Last edited: Dec 20, 2020
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  12. TreasureHunter

    TreasureHunter Well-Known Member

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    Amazing, that's POWERFUL. Very powerful.

    700 billion $ moved from one pocket to the other. I'm just guessing it's the big fat rich moving their money or the Fed is "playing around".

    Or Trump noticed he's going to lose and not having a prenup, he is trying to save his wallet :D :D :D
     
  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Could it be a bank run? Or just withdrawing cash in expectation of a lock down?
     
  14. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Had a shock when i checked the pm prices today. Last buy 2021 ag, au and pt. Pt now $250 more expensive if i buy now. ag more than $100. gold, I'm still $100 below after averaged 2 buys. Pt is leading the way, followed by ag and au is the laggard.
     
  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    They converted the airport into some sort of theme park. Totally crazy but the kids like it.

    I’m amazed how they could prepare the props and decoration when everything costs more and takes longer to deliver and setup.

     
  16. TreasureHunter

    TreasureHunter Well-Known Member

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    Probably the rich fat rats fleeing the ship. It's taking on water, but most of us don't see it yet.
     
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  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Just listen for 20 seconds. Dec 19 until new year is critical.
     
  18. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    With a new virus we can start all over with a first season and second waves and third waves can really extend it out for a few years so they should be covered for an extended crash now. Let the fun begin and since no one needs proof anymore or has questions anymore should be easy peasy.
    Covid 20 is here, 21 and 22 coming soon.
    Like a bad Steven Segal rerun complete with sound effects and high flying kicks!
     
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  19. Ag bullet

    Ag bullet Well-Known Member

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    So you could say we are 'Under Siege'?
     
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  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    The globalists were never interested in the environment. There are 2 main goals, one is profits from green projects, never mind how pollutive they are as the mines and factories are abroad.

    Second goal is diversion of attention from the real structural problem with the US economy, a con job basically.

    Now the trouble is the countries that are hosting the factories and mines are starting to focus on their own environment, they are imposing their own green regulations, which means mining and manufacturing is going to get more and more expensive, and who is going to pay for the cost? If a Tesla 3 costs $100k usd pre-taxes, who is going to buy it?

    Inflation is going to spike and by then, the Teslas, rich men toys are of no use to the masses. The end result will still be revolution. Americans and the billionaires are dreaming if they can avoid a revolution by having Biden in.
     

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