Inflation’s Collapse

[sumdumguy]

No rent paid by U.S. government on their office space. True? California beginning a portion of debt default.

Folks, this ain’t good . . . a nasty recession / depression ahead.

California is broke but pondering about paying each black up to 1.2 mil each, broke eh?

[biglentil]

The road forward is the choice between debt default or a Zimbabwe like implosion of the currency. Debt default is much preferred option but don't count on it.

Dollars only come into existance as debt with interest owing, if a wide scale debt default occurs what value do the dollars have? Debt crisis are exactly what causes Zimbabwe style hyperinflation.

[errolanderson]

Realize contrary thinking to the masses on the internet but, stay in cash, serious deflation ahead, gold will struggle without inflation.

Asset pressures will only intensify as bankruptcies surge.

[biglentil]

Realize contrary thinking to the masses on the internet but, stay in cash, serious deflation ahead, gold will struggle without inflation.

Asset pressures will only intensify as bankruptcies surge.

When bankruptcies surge banks fail, gold shines bright.

[sumdumguy]

What a collapse Errol, average Canadian house prices rose $100,000 to $716,000 Jan 23 —>Apr 23

[errolanderson]

What a collapse Errol, average Canadian house prices rose $100,000 to $716,000 Jan 23 —>Apr 23

Not so stateside. Massive contraction in inflation in-progress. Largest drop since 2009, 1982 and 1975. Fed won’t know what just hit them . . . .

[errolanderson]

Hello central bankers hello, hello, anyone home?

Apologies for my sarcasm, but central bankers appear to have no idea what’s happening in the commodity world. Major indicators, crude oil, copper and now steel price fallout are major economic indicators. Lumber RIP.

Global commodities are now highly deflationary, but no mention from those in-the-know. This is truly a train wreck in-motion sparked by brutal economic leadership.

Meanwhile, the BOC ponders another rate hike . . . .

[Taiga]

Prices are down on all commodities

[biglentil]

Hello central bankers hello, hello, anyone home?

Apologies for my sarcasm, but central bankers appear to have no idea what’s happening in the commodity world. Major indicators, crude oil, copper and now steel price fallout are major economic indicators. Lumber RIP.

Global commodities are now highly deflationary, but no mention from those in-the-know. This is truly a train wreck in-motion sparked by brutal economic leadership.

Meanwhile, the BOC ponders another rate hike . . . .

They know exactly what they are doing. Classic Helgalian Dialectic, create the problem of a massive debt bubble, tighten by increasing rates and taxes at the fastest rate in history, which causes joe public to beg for a solution. Offer a 'solution' of UBI and the shackles of a CBDC.

The game plan was obvious even before their very first rate hike. There won't be any capitulation. Welcome to 6uild 6ack 6etter and Agenda 2030. The great financial crisis was a dress rehearsal and there is alot more pain for those that do not know any better.

[shtferbrains]

Argentina is a beautiful country with many great regions with friendly hard working people and an untapped wealth of natural resources.
They suffer from poor government,bad economic policy, and high level corruption.
Should be one of the richer countries in the world.
Couldn't happen to us because Canada is so much better even government can't screw it up?