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Re: Stock Market Crash! (merged) Pt. 15

Discussions about the economic and financial ramifications of PEAK OIL

Re: Stock Market Crash! (merged) Pt. 15

Unread postby REAL Green » Sat 20 Jun 2020, 07:38:40

dirtyharry wrote:There is no destiny ,there is only evolution(physics as you call it ). We are all born and we all die .Dust to dust and ashes to ashes. No fore life and no after life . There is only one life and that is this life . You Only Live Once(YOLO) >


Yea, ok, but I think there is more if you can let go of your ego. If there is singularity and the isness of timelessness. If there is the quantum of infinite existences then sure the ego is dead but something much more is there. When you describe the depressing details of the ego's demise it is hard to see the universe as amazing and fantastic.
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Re: Stock Market Crash! (merged) Pt. 15

Unread postby Armageddon » Sat 20 Jun 2020, 21:05:12

Nearly Half Of Americans Consider Selling Home As COVID Crushes Finances

https://www.zerohedge.com/personal-fina ... s-finances
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Re: Stock Market Crash! (merged) Pt. 15

Unread postby shortonoil » Sun 21 Jun 2020, 06:08:54

Nearly Half Of Americans Consider Selling Home As COVID Crushes Finances

Shouldn't that say half of Americans are busted because there is $360 trillion in debt, its the end of the oil age, because of decades of out of control, and corrupt government spending, and because of insane speculation in the financial community. Since someone could be held responsible for those, we'll blame it on the flu and take it out of the average American's hide. The average American gets to lose their house, and those to blame get to keep their yacht. This should come out to an average of about $10 million dollars per mask, and they didn't even work. If any of this nonsense had worked the Virus's growth curve would have changed; it didn't.
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Re: Stock Market Crash! (merged) Pt. 15

Unread postby Armageddon » Sun 21 Jun 2020, 08:50:57

30% of Americans missed their housing payments in June. (via @CNBCMakeIt)

Additionally, the current 30 million unemployed Americans will lose the extra $600 per week in federal unemployment benefits by August.

Some 37% of renters and 26% of homeowners are at least somewhat worried that they will face eviction or foreclosure in the next six months
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Re: Stock Market Crash! (merged) Pt. 15

Unread postby shortonoil » Sun 21 Jun 2020, 12:05:14

Nearly Half Of Americans Consider Selling Home As COVID Crushes Finances


Half of all Americans lose their home, and millions more become homeless indigents. The ultra-rich make $trillions scooping up free FED money. The flu gave us BAU on steroids. If a good pandemic cost $1 trillion to implement, ROI was 1,800%; not to say that anyone we know would do such a thing! Oligarchs in real life are such nice caring people.
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Re: Stock Market Crash! (merged) Pt. 15

Unread postby Armageddon » Sun 21 Jun 2020, 14:40:38

Since April 1, the U.S. government has added $2.6T in new debt or about $32.5B per day.


Debt will keep growing exponentially. Another one of my predictions is coming true.
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Re: Stock Market Crash! (merged) Pt. 15

Unread postby mousepad » Mon 22 Jun 2020, 07:49:53

GDP per capita in africa is practically 0.
Blacks sure show the world how productive an innovative they are, right there in their home turf.
But it's not all bad, they apparently mastered fire and can torch a Target. Bravo !!

But they learned one thing good, for sure. That's blaming it on evil whites. Pathetic race, them blacks.
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Re: Stock Market Crash! (merged) Pt. 15

Unread postby shortonoil » Mon 22 Jun 2020, 10:16:30

noobtube is a head case. He doesn't represent African Americans, Caucasians, Native Americans, or anyone else. He is a loser off on some one man vigilante escapade. But one thing for sure is the cities aren't the place to be, and as the affluent continue to desert them, and the social order continues to unravel they will continue to deteriorate.

The Biggest Credit Impulse In History Leads To Some Very Awkward Questions
https://www.zerohedge.com/markets/bigge ... -questions

So where are we currently, now that in just the past 3 months we have seen a gargantuan $18+ trillion in fiscal and monetary stimulus, equivalent to just over 20% of global GDP?

It should hardly come as a surprise that as a result of this unprecedented firehose of credit-enabling liquidity, the recent spike in the credit impulse has been the greatest in history. Yet for the first time, GDP is not keeping pace.


There will be no rebound to the old economic order. Additional debt formation is no longer creating an increase in GDP. The article explains this phenomenon in terms of interest rates, and describes why liquidity produced by QE can only go into the financial markets, and misses the remainer of the economy. But the physical manifestation of this event is resulting from energy starvation. Fossil fuels are no longer supplying enough energy to the end user to power an economic expansion. In essences the central banks have now lost their relevancy, and growth can no longer be extracted by pulling future consumption into the present. There is no future remaining to be pulled from.

The ERoEI of petroleum is now 7.9 : 1 and heading for its "dead state" of 6.9 in 2030, where energy for use by the end user can no longer be extracted from oil. The old paradigm of using ever greater quantities of energy to power the economy has come to its conclusion. With much of our present technology now going obsolete, our social-economic order is also following. We are no longer the master of events; we are now just the observers.
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Re: Stock Market Crash! (merged) Pt. 15

Unread postby dolanbaker » Mon 22 Jun 2020, 11:35:24

Meanwhile, ignoring the boring diversion that boobtoob is making, control of wealth is being more and more concentrated into the hands fewer and fewer people.

https://www.unz.com/article/meet-blackr ... ire-squid/
BlackRock is a global financial giant with customers in 100 countries and its tentacles in major asset classes all over the world; and it now manages the spigots to trillions of bailout dollars from the Federal Reserve. The fate of a large portion of the country’s corporations has been put in the hands of a megalithic private entity with the private capitalist mandate to make as much money as possible for its owners and investors; and that is what it has proceeded to do.


The reset may have already happened - with control being transferred from central bankers to investment firms.
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Re: Stock Market Crash! (merged) Pt. 15

Unread postby shortonoil » Mon 22 Jun 2020, 13:08:12

Meanwhile, ignoring the boring diversion that boobtoob is making, control of wealth is being more and more concentrated into the hands fewer and fewer people.

Over $18 trillion was recently dumped into the monetary system by the central banks, and none of it appears to have made it to the general economy. Dumping fiat into the system now produces no results except rising equity markets. Depressions are now a permanent feature of the economy that can not be reversed. The stock market will collapse when the velocity of money reaches 1, which will likely happen this year.
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Re: Stock Market Crash! (merged) Pt. 15

Unread postby shortonoil » Mon 22 Jun 2020, 13:48:22

Here Comes Yield Curve Control: The Fed Is About To Unleash A Mindblowing Stock Rally
https://www.zerohedge.com/markets/here- ... tock-rally

What the article doesn't say is this means that all revenue growth, and profits will disappear. The stock market will be exploding as the Seven Eleven down the street closes its doors. Wealth will then again be what it truly is; goods and services. It is a type of stealth hyper inflation where one chicken becomes worth a wheel barrow full of $100, or a 1000 shares of Tesla. Money will no longer have a time value, and will be replaced by barter. The era of debt based fiat, and it stratospheric debt levels, will have come to its end.

"All paper currency reverts to its intrinsic value; zero", Voltaire
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Re: Stock Market Crash! (merged) Pt. 15

Unread postby shortonoil » Mon 22 Jun 2020, 13:50:46

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Re: Stock Market Crash! (merged) Pt. 15

Unread postby Armageddon » Mon 22 Jun 2020, 17:47:36

Maybe Corona is worse than we think. 120,000 US deaths in 4 months and that’s with a complete lockdown. It would easily be 3-4x that amount without a lockdown. And now we keep hearing these type of reports

Arizona hits new COVID-19 hospitalization records as cases continue to spike ahead of president's visit
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Re: Stock Market Crash! (merged) Pt. 15

Unread postby shortonoil » Tue 23 Jun 2020, 11:45:32

Maybe Corona is worse than we think. 120,000 US deaths in 4 months and that’s with a complete lockdown. It would easily be 3-4x that amount without a lockdown.


By the end of flu season last year (June 1) CDC stated that the flu had killed 80k+. Does the 120k include the flu? It is interesting to note how the term "flu". which did mean the influenza viruses, has now changed to mean about anything that kills you? It is also interesting to note that the flu that killed 80k+ last year isn't even being mentioned this year! Funny how it was around last year, and has been for the last 100 years, but disappeared as soon as COVID-19 showed up.

Maybe they will find the flu again when the media locates those weapons of mass destruction, along with all the terrorists, and Russians?
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Re: Stock Market Crash! (merged) Pt. 15

Unread postby Armageddon » Tue 23 Jun 2020, 13:02:03

Breaking; So today alone California is reporting over 6000 new COVID19 cases and Texas is reporting over 5000 new cases. Both record breaking.
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Re: Stock Market Crash! (merged) Pt. 15

Unread postby dolanbaker » Tue 23 Jun 2020, 13:03:29

shortonoil wrote:
Maybe Corona is worse than we think. 120,000 US deaths in 4 months and that’s with a complete lockdown. It would easily be 3-4x that amount without a lockdown.


By the end of flu season last year (June 1) CDC stated that the flu had killed 80k+. Does the 120k include the flu? It is interesting to note how the term "flu". which did mean the influenza viruses, has now changed to mean about anything that kills you? It is also interesting to note that the flu that killed 80k+ last year isn't even being mentioned this year! Funny how it was around last year, and has been for the last 100 years, but disappeared as soon as COVID-19 showed up.

Maybe they will find the flu again when the media locates those weapons of mass destruction, along with all the terrorists, and Russians?

The BBC use the "excess deaths" method to calculate the number of deaths from the virus, this is basically the difference in deaths this year above an averge of deaths at the same time in previous years, including factoring in population growth.

https://www.bbc.com/news/world-53073046

Directly comparing the death toll between different countries is difficult. The accuracy of coronavirus data depends on how many people are tested for the virus and whether governments include deaths outside hospitals in their counts.

As the virus has spread around the world, countries have reached different stages of their outbreaks at different times. In some places, the number of excess deaths may still increase in the coming weeks and months, especially as figures are revised, while in others the number of deaths is beginning to return to normal levels.

Analysing deaths from all causes during the outbreak and comparing them with deaths in the same period from previous years can begin to provide a more accurate, if still provisional, assessment of the coronavirus pandemic's true death toll.

Read through our analysis of excess deaths in 27 locations and personal stories highlighting some of the tragic consequences of the pandemic.


As you could imagine, the figures in some countries are vastly underestimated.
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Re: Stock Market Crash! (merged) Pt. 15

Unread postby shortonoil » Tue 23 Jun 2020, 13:58:20

The BBC use the "excess deaths" method to calculate the number of deaths from the virus, this is basically the difference in deaths this year above an averge of deaths at the same time in previous years, including factoring in population growth.


According to that methodology the Kung Flu has killed 40,000 people in the US this year, or 0.01% of the population. Since 5 times that number of lives could have been saved by simply securing the elderly shutting down the economy apparently had nothing to do with the Virus. The influenza viruses kill more people each year because the population is aging; so in sum no more people have died this year than last.

Maybe they will find the flu again when the media locates those weapons of mass destruction, along with all the terrorists, and Russians. We are being sold one gigantic load of hog hooey, and it will most likely not be to our benefit. If this is a coup d'état in progress we should know by the elections. If the military retains its allegiance to the President, and the Constitution this could result in a significant number of hangings. I hope the media can be convinced to make them available for public viewing. Ordinary I am violently opposed to the death penalty, but in this case I'll make an exception. High treason against the Republic, and the entire human race needs to be treated definitively!
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Re: Stock Market Crash! (merged) Pt. 15

Unread postby Armageddon » Tue 23 Jun 2020, 15:13:53

HOUSTON-AREA COVID ICU BEDS TO HIT CAPACITY IN 11 DAYS: COUNTY

As I have said this virus was never about a high death rate even though we have had 30,000 a month for the last 4 months die from it. This is about SPREAD and the overwhelment of city hospitals like whats happening in Texas. Once the ICU's fill up there are no where...
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Re: Stock Market Crash! (merged) Pt. 15

Unread postby Yoshua » Tue 23 Jun 2020, 15:52:54

UFO

The US senate intelligence committee is asking the Pentagon for a UFO report.

The US government has been kept in the dark and didn't like to have to read about it in the NYT.

https://silvarecord.com/2020/06/22/uap- ... ssion=true

Edgar Mitchell left documents after he passed away that say that Pentagon has an intact UFO in its possession.

They have studied it for decades and still can't make heads and tail of it.

The Christian fundamentalists in DoD call aliens demons and they technology demonic.

It's just 2020.
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Re: Stock Market Crash! (merged) Pt. 15

Unread postby Outcast_Searcher » Tue 23 Jun 2020, 20:44:32

Armageddon wrote:Nearly Half Of Americans Consider Selling Home As COVID Crushes Finances

https://www.zerohedge.com/personal-fina ... s-finances


So a realtor survey tries to stretch things into predicting the potential for lots and lots of home sales.

Wow, I'm surprised. Just like I'm surprised you'd spread that tale, since virtually EVERYTHING you and zerohedge have claimed around here re economics has come true over the past 15 years. :roll:
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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