The great debt crash

[Guest]

wow! hadn't heard that !! , sound familiar

[furrowtickler]

Paul Harvey was way ahead of his time
“Hard Work” is another of his very astute thinking

[errolanderson]

Bank of Canada finally smelling-the-coffee . . . .

Cdn domestic output sputtering. Loonie slammed on ideas the BOC will only hike rates 1/4% next week. Mortgage rates dropping stateside. Cdn mortgage drop in 2023 appears possible as consumers totally tapped out.

Retail is in for one heck-of-a-shake. Deflation may be unrelenting into the 1st quarter.

[errolanderson]

Credit Suisse about to blow? Insurance to protect their bonds from defaulting suddenly skyrocketing.

[biglentil]

Buckle up. The Currency Reset Will Wipe Out Creditors and Usher in CBDCs.

https://youtube.com/shorts/v2b0MckXBVY?feature=share

[sumdumguy]

Buckle up. The Currency Reset Will Wipe Out Creditors and Usher in CBDCs.

https://youtube.com/shorts/v2b0MckXBVY?feature=share

Remove my like. What the h is CBDC? Better stuff my mattress with bills.

[biglentil]

Remove my like. What the h is CBDC? Better stuff my mattress with bills.

Central bank digital currency. Cash cancelled and void if not redeemed for CBDC. Not a single transaction will be able to be completed without it being registered and approved on a central digital ledger. Starlink will very likely play a role monitoring everyone and everything. The users wallet will be linked to the digital identification program the Canadian government has partnered with the WEF to implement. Perhaps stored on a persons smart phone at first and later by implantable biometric chip already in use in some Scandanavian countries.

Taxes right off the top, universal basic income with potential expiry dates on credits directly in your digital wallet in real time.

Used your tank of fuel for the month. Cut off.
Outside your geographic zone. Cut off.
Had your 3lbs of meat for the year. Cut off.
Criticized your overlords in a tweet. Cut off.
Want to sell some grain? Submit to stakeholder capatalism and give up property rights or you guessed it. Cut off.
Fail to get your umpteenth gene altering transhumanism shot. Cut off


Snitched on your neighbour for hiding a couple laying hens. Extra credits.

The central bank of Canada has been testing them for many years and was past the trial phase years ago. The infrastructure is ready, banks and big business have been busy installing the systems in the background.

[errolanderson]

Consumer credit meltdown in-progress. Latest fallout, vehicle prices, used, now new.

Overall commodity prices remain deflationary . . . latest fallout, coffee. Coffee futures now down 40% from 2022 highs.

Rate hikes definitely killing consumer demand and the economy . . . as planned by central bankers.

[fjlip]

"Snitched on your neighbour for hiding a couple laying hens. Extra credits."

Some leftist/socialist/communists on here are licking lips....going to be RICH RICH!

[errolanderson]

Financial fallout in SE Asia right now including South Korea, Taiwan and Japan. BOJ is attempting to throw everything at the Yen to save it from collapse, but with limited success. Bank of Japan now running out of bonds, basically throwing good money after bad.

USD has been under considerable selling pressure recently. This has supported crude oil and grains, even the loonie. But turmoil in SE Asia could trigger another race back toward the dollar, possibly pressuring commodity markets once again.

Financial carnage of this, unknown . . . . But this is a current economic fire that could spread globally quickly. Right now, USD continues to slide.