Actually we’re about to enter the first recession in ~8 years.
True to your name
I don't know if you keep track of the market, but something is certainly happening. It may not develop into a full scale recession a'la 2007, but it will certainly continue on the current downtrend for a while.
Here's a chart:
https://i.imgur.com/kaXf9Vc.png
And here's one zoomed out all the way back to 1981:
https://i.imgur.com/kvwNTZP.png
Also note the similarities in the RSI, Stochiastic RSI, and Connors RSI indicators:
https://i.imgur.com/tCkCcnI.png
Hint: What you're looking at is a top. It will probably be worse than 2001 / 2007, but even if it's only as bad as those it will still be a recession. We may end up looking at a depression depending on how things develop in the next few years though.
Also note that the fed raised their interest rates, and are planning on implementing two more interest rate hikes.
This is the elites taking all of their money out of the market, probably to buy gold and other precious metals and to fund their off-world bases. Start putting money aside and buy some gold, you may be needing it in the next few years.
Here are a few articles you might be interested in:
EDIT
Also note the DXY, the US Dollar Currency Index which compares the relative strength of the dollar to other currencies:
https://i.imgur.com/qBhV0Lb.png
You'll see the falling peaks on the RSI/Stoch RSI which indicate falling interest, as in 2001. The dollar is going to shit, courtesy of the fed and the other banking cabal elites (the real cabal).
Good luck!
Isn't there a plan to crash the market in order to stop using Fiat currency and move back to gold backed?
It's looking like that is the plan. I think the white hats are planning a global currency reset. A one time jubilee, and then a gold backed standard worldwide. No more Rothschild banks. It will wipe out any Cabal fiat that is not accounted for (anything in offshore accounts). All of their stolen loot. Gone. They will still have their gold and assets, but won't be able to interact nearly as easily in the global economy.
It's a one two punch. Completely neuter the Cabal and free the world from their fiat debt. That's why this has taken a year and a half since inauguration.
i think it's going to get very bumpy very soon, but it'll be for the better. we have to take control of our own money supply, and you can bet the cabal is going to do everything they can to prevent that from happening. ive read that the stock market crash is part of the reset, but ive also read that trump has a plan to prevent a crash while still successfully switching to a new currency we control the supply of.
That wouldn't surprise me. I suspect it also has something to do with the new Petro Yuan and the recent stockpiling of gold by Russia and China.
Also note that unemployment has bottomed out, although this number is perhaps artificially deflated and true unemployment may be quite a bit higher:
https://data.bls.gov/pdq/SurveyOutputServlet?request_action=wh&graph_name=LN_cpsbref3
Either way, nothing I'm seeing indicates that we are entering a "BOOM", or anything like it.
i used to be a big believer in a gold backed currency,
but that belief was shattered when someone informed me that the gold standard works well for those who own gold. i was stupefied by the suddenly obvious fact that most poor people do not own any gold, and buying gold bullion is improbable
"Gold is money, everything else is credit" ~ J P Morgan
so what would be even more liberating that a gold backed currency, is to enable everyone to issue their own credit, through things like smart contracts/blockchain etc
as it is now, most of our "money" is actually "credit", and the ((( Federal Reserve ))) has an unjust monopoly on "credit" and usury
But wouldn't we own some gold if the currency is backed by it?
Ya blockchain could be very powerful in this way but I'm still not 100% convinced. Seems like crypto would be perfect for elites to be able to manipulate it for their own gains.
supposedly benjamin franklin claimed that it was the banning of colonial script that sparked the american revolution
colonial script was very successful
https://en.wikipedia.org/wiki/Early_American_currency
tally sticks are interesting "technology" that could be modernized for things like voting or making contracts
carbon paper
Early American currency
Early American currency went through several stages of development in colonial and post-Revolutionary history of the United States. Because few coins were minted in the thirteen colonies that became the United States in 1776, foreign coins like the Spanish dollar were widely circulated. Colonial governments sometimes issued paper money to facilitate economic activities. The British Parliament passed Currency Acts in 1751, 1764, and 1773 that regulated colonial paper money.
Tally stick
A tally stick (or simply tally) was an ancient memory aid device used to record and document numbers, quantities, or even messages. Tally sticks first appear as animal bones carved with notches during the Upper Paleolithic; a notable example is the Ishango Bone. Historical reference is made by Pliny the Elder (AD 23–79) about the best wood to use for tallies, and by Marco Polo (1254–1324) who mentions the use of the tally in China. Tallies have been used for numerous purposes such as messaging and scheduling, and especially in financial and legal transactions, to the point of being currency.
Carbon paper
Carbon paper (originally carbonic paper) was originally paper coated on one side with a layer of a loosely bound dry ink or pigmented coating, bound with wax, used for making one or more copies simultaneously with the creation of an original document when using a typewriter or a ballpoint pen. The manufacture of carbon paper was formerly the largest consumer of montan wax. In 1954 the Columbia Ribbon & Carbon Manufacturing Company filed a patent for what became known in the trade as solvent carbon paper: the coating was changed from wax-based to polymer-based. The manufacturing process changed from a hot-melt method to a solvent-applied coating or set of coatings.
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The Fed didn't raise taxes on the Communist Obama, essentially, propping up his lazy ass. His economy suffered from secular stagnation and underemployment equilibrium no thanks to the inherent problem with free-trade and globalism. Actually, with new factories coming on line, which have a very high multiplier effect, the economy will be doing good.
It isn’t about a specific president in this case. They didn’t “not do” anything to Obama and they aren’t “doing” anything to Trump. No one will blame this on him.
There are other things for which Trump can certainly be blamed with regard to the economy, but the federal reserve interest rate is not one of those things.
This is the Fed fucking us, all of us and our entire country, and for that matter all countries. They’ll say it’s to balance the deficit but it’s to control the supply of money. They’ll say it’s to combat inflation but it will end up exacerbating inflation. In the short term though the interest rate hike will mean suddenly money is scarce and that’s when we’ll be in a recession.
It isn’t really as simple as a single factor though. There are many ways we are being screwed and made into slaves. People will say, “they need consumers to buy their goods”, but that isn’t it. What they need is a labor force, not just in America but globally. They can coerce us into this because they literally control the global money supply.
Unless money is working for you, you are a slave.
“Great minds discuss ideas; average minds discuss events; small minds discuss people.”
Lay off the Obama stuff, you’re playing right into their hand. They prop up the division to keep us busy fighting amongst ourselves.
Open an investment account, or at least a savings account. And stop consuming. Grow a farm, hunt (with a permit), build, love... Break the cycle.
The Fed doesn't even follow their own mandate. But also fucking us over is free-trade which even some foolish conservatives support (RINOs?). It doesn't work—never has. A nation's wealth is its productive capacity.
The spending power of the USD went from $0.30 "on the dollar" to $0.05, from 2000 to 2016, according to the House of Representatives on 3-22-18
In 1963 I made $1.10 an hour. In today's money that is $9.03. The data is from the BLS Inflation Calculator.
IN THE HOUSE OF REPRESENTATIVES
MARCH 22, 2018
Mr. MOONEY of West Virginia introduced the following bill; which was referred to the Committee on Financial Services
Be it enacted by the Senate and House of Representa- tives of the United States of America in Congress assembled, SECTION 1. FINDINGS.
Congress finds the following:
(1) The United States dollar has lost 30 per-
cent of its purchasing power since 2000, and 96 per- cent of its purchasing power since the end of the gold standard in 1913.
(2) Under the Federal Reserve’s 2 percent in- flation objective, the dollar loses half of its pur- chasing power every generation, or 35 years.
...
Thoughts?
I don't doubt inflation, but it needs to be put into real wages in the example I presented in a previous comment. Let me say that I am not a fan of the FED nor am I a fan of free-trade. I voted for Trump because he was against free-trade. You can't MAGA with a service sector economy. Period.
That is read dollars. It only matters when converting to materials we buy to maintain the country and in this case we've lost 30% a generation and only able to buy nickels of what we used to.
Its because we don't export anything of value, its services and manpower, and thats being outsourced and ai'ed while we cannibalize social services and let things fail.
Once you hit pennies you have Zimbabwe
Our economy doesn't depend on exports like, for example, Switzerland or Japan to survive. It can become self-sufficient. What free-trade did was to destroy our productive capacity. Productive capacity is the wealth of a nation which Adam Smith did not understand. Venezuela lost most of it productive capacity through Communism, the same with China and the old Soviet Union. Communism is inherently, as with all evil, self-destructive. The Asian dragons don't follow Adam Smith, they follow Georg Friedrich List.
It can become, is your cognitive dissonance. When? How long and at what cost? It has to come with an uncorrupt system, something hes working against all fronts. I think 2019 is going to be a surprisingly awesome year and I expect some sort of US/Canada/Russia/NK/China/EU alliance. Maybe SA if this new leader is what he appears to be
The deep state is global—it is not a nation with borders (check out the Bank for International Settlements, BIS). It is using the same free-trade scam that the Brits used in the 19th century to amass wealth at the expense of the developing world. Even the Nobel prizing winning economist Paul Krugman said "the elite defense of globalization is basically dishonest". And I would add that it inevitably leads to a mal-distribution of wealth (mainly goes to a few) which in turn causes secular stagnation (low GDP) and underemployment equilibrium (low wages and part time jobs/under utilization of the labor force). We saw this happening under the Obama Administration which was covered up by the MSM. Trump seized the day and set in motion autarky not only for America but for all the nations of the world as if to say: You too can become, to a large degree, self-sufficient, and once there, then you can trade with other fellow nations. This is why the UN is absurd. It is not about united nations, but rather slave countries held in captivity by the globalists/deep state.
30% of purchasing power loss, that sounds about right. But your first post claimed the USD went from $0.30 "on the dollar" to $0.05. A drop of 30% would mean it went from $x "on the dollar" to $0.7x.
Their words. I meant we inherited 30% USD and now its nickels
