2020 Collapse

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

  1. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Lol, in one corner we have the tinfoil hat-wearing conspiracy theorists and in the other corner we have rational humans who have brains. @hardyakkagold, please ignore me again and get back to baking some of Flo's pumpkin scones.
     
  2. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I have a low tolerance for stupidity.

    Mainly because stupid people are allowed to vote.
     
  3. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    No more free ice cream, you need to work for 4 more years.

    The bottom line is the economy. The Blue states need to face to the new economic reality, the world has changed, you can't live off the dollar printing press and intellectual exports forever. We face a similar problem here, 60% of the workforce are foreigners, new immigrants or pass holders. Big tourism and aviation industry, but the borders have been mostly closed since March and people are still surviving on a make shift domestic economy. The US is such a big country, don't tell me you can't have a domestic economy? ;)
     
  4. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    The hotels this week are unusually dead. Theres barely anyone here, havent ever seen it this slow even during the off season.
    I was running into people that were living in the hotels but none of them anymore.
     
  5. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Yes every country is mostly full of stupid people. You can see them every day with their face diapers on.
    Just the stupid business owners themselves geez. Invest your life savings into a business just to walk away from it and lose it all. Must not be that important to them.
     
  6. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    And the internet is full of influencers pushing their outdated and incoherent ideas of what constitutes money, economics and power onto the gullible.

    I see my function in life as trying to restore truth.
     
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  7. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    https://www.scmp.com/economy/china-...legalise-digital-yuan-and-ban-competitors-new

    China moves to legalise digital yuan and ban competitors with new draft law

    • People’s Bank of China stipulates for the first time that the digital yuan will be allowed to circulate and be converted like physical currency
    • Head of central bank’s digital currency research institute admits potential problems with digital yuan, but says they reinforce need for central bank oversight
    China is inching closer to the launch of its own sovereign digital currency by giving it a legal foundation in an upcoming law revision, while the central bank is also addressing problems that emerged in pilot tests for the digital yuan.

    The People’s Bank of China (PBOC) published a draft law on Friday that would give legal status to the Digital Currency Electronic Payment (DCEP) system, and for the first time the digital yuan has been included and defined as part of the country’s sovereign fiat currency.

    The draft law would also forbid any party from making or issuing yuan-backed digital tokens to replace the renminbi in the market.


    "WeChat Pay and Alipay are just wallets, while the DCEP is the money inside them. They are not competitors." Mu Changchun, head of PBOC research unit
     
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  8. shinymetal

    shinymetal Well-Known Member

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  9. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Seems ok here. Not much different than it was before the face diaper fenzy but it could change anytime.
    Lots of vehicles for sale everywhere and some great deals!
     
  10. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Yes you try very hard but dont quite hit the mark.
    I give you props for trying tho!
    I remember when I was new to these concepts and it's almost more than a person can believe.
     
  11. TreasureHunter

    TreasureHunter Well-Known Member

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    "US GDP surged a record 33% in the 3rd quarter as the economy reopened, roughly double the next-biggest jump"
    • "US gross domestic product grew at a record 33.1% annualized rate in the second quarter, the Commerce Department said on Thursday.
    • The jump followed the second quarter's 31.4% annualized slump and roughly doubled the next-biggest increase on record. Economists surveyed by Bloomberg had expected a 32% increase.
    • The GDP reading caps a quarter of economic reopenings and revived business activity throughout the country.
    • Still, the 33% increase doesn't offset the prior quarter's decline. Experts have said a full recovery may take years, as the pace of GDP growth is set to moderate significantly in the last three months of 2020."
    "After the coronavirus pandemic's toll drove a record plunge in economic output in the second quarter, the US's summer recovery fueled the largest-ever jump in gross domestic product.

    US gross domestic product grew at an annualized rate of 33.1% in the third quarter, the Commerce Department said on Thursday. The reading is the largest output gain on record, in data going back to the 1940s. It's roughly double the next-biggest jump, in 1950. Economists surveyed by Bloomberg had expected a 32% gain.

    The reading represents how much the economy would've grown had the third-quarter rate lasted for a year. It's a sharp reversal from the second quarter's 31.4% annualized rate of contraction."

    [...]

    Full article on BusinessInsider:

    https://www.businessinsider.com/us-...pening-recession-coronavirus-pandemic-2020-10
     
  12. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Bwahahahahahahahahahahahahahahaha.

    Please help me to learn how I too can become stuck in a centuries old, antiquated and irrelevant paradigm inhabited by crusty aged rednecks. Not.
     
  13. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    @shinymetal, the good Archbishop believes in spirits floating in the skies. Hardly the voice of a rational human.
     
  14. shinymetal

    shinymetal Well-Known Member

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    Archbishop's are pretty powerful people and would be in a position to be aware of such things.
    We are engaged in spiritual warfare whether you believe it or not, spoiler alert.





    God wins.
     
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  15. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    They also believe in spooks living in the shadows. Doesn’t make for a convincing level of awareness in my books.
     
  16. shinymetal

    shinymetal Well-Known Member

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    https://time.com/collection/great-reset/

    You're mockery of God will get you nowhere.
    There are forces evil trying to execute the final stages of their plan to dominate the world.
    Everything has an opposite.
    There are forces of good fighting to stop them.
     
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  17. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    here there everywhere
    Then "why does god need $ " ?
    Please show evidence of thoughts & prayers actually working :eek:
    NOW FUCK OFF with your god bothering dribble :mad:
     
  18. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    That's what the Bible and it's spinmeisters have been pushing for centuries. What's the Time article got to do with it?
     
  19. shinymetal

    shinymetal Well-Known Member

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    The church is corrupted beyond belief.
    The church isn't God.
    You seem a little angry.. are you hungry?
    Have a snickers bar.

    1604093966840.jpg
     

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  20. TreasureHunter

    TreasureHunter Well-Known Member

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    Suppose Trump will win the elections, where do you see gold headed immediately after?

    I am inclined to think it will not go higher than previous peaks. In fact, it might as well take a dive.
    Trump's win could be positive for the dollar, just like the recent positive GDP growth figures.

    Some central banks have started selling gold (and speculators too), so I expect Trump's win to bring power to the dollar.
     

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