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Stock Market Crash! (merged) Pt. 16

Discussions about the economic and financial ramifications of PEAK OIL

Re: Stock Market Crash! (merged) Pt. 16

Unread postby Armageddon » Mon 29 Jun 2020, 22:55:14

Restaurants are shutting down at an alarming rate, according to Yelp.
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Re: Stock Market Crash! (merged) Pt. 16

Unread postby Armageddon » Tue 30 Jun 2020, 08:55:36

Is it coincidental that the FED balance sheet goes up simultaneously with the stock market going up?


Hardly
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Re: Stock Market Crash! (merged) Pt. 16

Unread postby Armageddon » Tue 30 Jun 2020, 08:57:36

Chicago PMI Suffers Biggest Miss In 5 Years As 'V' Hope Fades


Lol @ V shape. Good luck with that hope
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Re: Stock Market Crash! (merged) Pt. 16

Unread postby onlooker » Tue 30 Jun 2020, 16:37:12

Armageddon wrote:Restaurants are shutting down at an alarming rate, according to Yelp.


85% of independent restaurants may go out of business by the end of 2020, according to the Independent Restaurant Coalition


https://www.businessinsider.com/85-of-i ... 9vm2p1j21o
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Re: Stock Market Crash! (merged) Pt. 16

Unread postby Armageddon » Tue 30 Jun 2020, 16:51:19

Bankruptcies continuing to spike … 75 filings in past 3 months among companies with at least $50M in liabilities … worst since 2009 & 2nd-worst quarter ever


https://www.investmentwatchblog.com/ban ... rter-ever/



I don’t think most people realize what’s coming yet.
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Re: Stock Market Crash! (merged) Pt. 16

Unread postby onlooker » Tue 30 Jun 2020, 18:20:34

"We are mortal beings doomed to die
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Re: Stock Market Crash! (merged) Pt. 16

Unread postby Plantagenet » Tue 30 Jun 2020, 18:47:28

The stock market just had its best quarter in decades.

Many stocks are now at record highs.

If you kept your head and bought stocks into the lows in March during the covid panic then your stocks should be up 30% or more just over the last quarter.

Image
the last 3 months in the market have been a really amazing ride......

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Re: Stock Market Crash! (merged) Pt. 16

Unread postby Armageddon » Tue 30 Jun 2020, 20:48:41

Plantagenet wrote:The stock market just had its best quarter in decades.

Many stocks are now at record highs.

If you kept your head and bought stocks into the lows in March during the covid panic then your stocks should be up 30% or more just over the last quarter.

Image
the last 3 months in the market have been a really amazing ride......

Cheers!




Still negative for the year
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Re: Stock Market Crash! (merged) Pt. 16

Unread postby Armageddon » Tue 30 Jun 2020, 20:52:41

DOW Jan 26 2018 - 26,600

DOW June 30 2020 - 25,800
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Re: Stock Market Crash! (merged) Pt. 16

Unread postby dolanbaker » Wed 01 Jul 2020, 04:32:52

Who cares, none of that money is in the real economy!
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Re: Stock Market Crash! (merged) Pt. 16

Unread postby noobtube » Wed 01 Jul 2020, 10:43:46

The whole world runs on the New York Federal Reserve Dollar.

It is not a gold-derived dollar, nor a silver dollar, nor a dollar certificate for gold or silver.

So, no one can really know what the COST is for anything (especially in the United States).

China is making everything while the US is using fantasy, computer digit, dollars in payment.

China is America's willing slave for going along with it.

How much longer will this arrangement last?
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Re: Stock Market Crash! (merged) Pt. 16

Unread postby dolanbaker » Wed 01 Jul 2020, 14:10:59

Probably for as long as it takes for China to accumulate sufficient US currency to buy out the debt of most third world countries (who will be forever in their debt) thus at a stroke rendering the US dollar almost worthless on the international stage. China then has trade deals with its "colonies" cheap goods in exchange for food & raw materials and sells at full market prices to the west, a price point just below what would be sufficient to allow western companies to compete with the Chinese imports.
Last edited by dolanbaker on Wed 01 Jul 2020, 15:48:39, edited 1 time in total.
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Re: Stock Market Crash! (merged) Pt. 16

Unread postby Armageddon » Wed 01 Jul 2020, 14:42:15

84 Central Banks have cut rates in 2020...

Interest rates AROUND THE WORLD are at ZERO.

Next steps:

a) Helicopter Money
b) Negative Interest Rates


Gee, I wonder who predicted all this? And yet the several morons on here said I was wrong. I was never wrong, just early.
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Re: Stock Market Crash! (merged) Pt. 16

Unread postby dolanbaker » Wed 01 Jul 2020, 15:50:19

It's already negative in many places, that's why the "markets" are awash with money.
Religion is regarded by the common people as true, by the wise as false, and by rulers as useful.:Anonymous
Our whole economy is based on planned obsolescence.
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Re: Stock Market Crash! (merged) Pt. 16

Unread postby Armageddon » Thu 02 Jul 2020, 06:57:07

Nearly 7 million households could face eviction without financial assistance.

The Fed is already preparing for a bailout - NOT FOR THE PEOPLE, but for the banks who own the mortgages

ZH
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Re: Stock Market Crash! (merged) Pt. 16

Unread postby evilgenius » Thu 02 Jul 2020, 13:10:46

Armageddon wrote:Bankruptcies continuing to spike … 75 filings in past 3 months among companies with at least $50M in liabilities … worst since 2009 & 2nd-worst quarter ever


https://www.investmentwatchblog.com/ban ... rter-ever/



I don’t think most people realize what’s coming yet.

Oh, it doesn't have to. If the people in charge of the Federal Government knew what their responsibilities were, they would have already stepped in with policy. Those working as essential workers would get a hazard pay boost. Those unemployed would get something similar to what people are getting. Businesses would be helped to cover their current obligations. People wouldn't criticize them for operating in a manner that uses debt. Many businesses use debt as a matter of course. It's just how they fund themselves currently. It's doesn't say anything about whether their business models are sound or not. It's just how they function to take advantage of opportunity. We could "stall" that way until this was over. But doing that seems too much like communism. I think, more than most things, we need to start asking what version of capitalism we really enjoy. The American version looks more cruel than it has to. It is actually beginning to look like it uses that cruelty to succeed, and then chalks the aftermath up to how there will always be winner and losers. The American system seems to ask people to become sick human beings, devoid of compassion and a sense of humility concerning the relationship of their personal freedom to that of others, in order to succeed.
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Re: Stock Market Crash! (merged) Pt. 16

Unread postby jedrider » Fri 03 Jul 2020, 09:51:29

If corporations are 'people' then corporations are 'super-people' certainly. Then the rest of us are serfs.
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Re: Stock Market Crash! (merged) Pt. 16

Unread postby Plantagenet » Fri 03 Jul 2020, 10:52:20

jedrider wrote:If corporations are 'people' then corporations are 'super-people' certainly. The rest of us are serfs.


??????

I've never understood why the Ds have made such a big deal over this SCOTUS ruling.

The Supreme Court held that unions and corporations could donate to political campaigns.

The ruling was nothing new. Unions and corporations were already donating to campaigns.

The Ds receive huge amounts of money from corporations and unions. In fact, the Ds for the last several election cycles are receiving MORE money from unions and corporations then the Rs are getting.

So why the hypocrisy by the Ds?

Why are you so upset by this SCOTUS ruling, jedr?

Do you really think this ruling turned you into a serf (i.e. into a slave)?

I'm sorry, but the ruling didn't make you a slave....but if you believe that allowing unions to donate to campaigns and candidates makes you a serf, then you are free to go ahead and be a serf (i.e. a slave) or act like a serf or feel like a slave or whatever else this nonsense means to you. No one can stop you from being a slave if thats what you want to be.

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Re: Stock Market Crash! (merged) Pt. 16

Unread postby jedrider » Fri 03 Jul 2020, 11:14:30

Money talks Plant. The ruling is destructive not because it gives the corporation rights similar to people, but it gives ALL rights of people, yet none of the liability goes to the owners, so it is inherently very similar to the Law enforcement immunity clause. What I said is not completely true, corporations can get sued if they don't let the money talk. We might as well say 'Money' are people under the law. That's what it represents.
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Re: Stock Market Crash! (merged) Pt. 16

Unread postby noobtube » Fri 03 Jul 2020, 17:37:06

Plantagenet wrote:
jedrider wrote:If corporations are 'people' then corporations are 'super-people' certainly. The rest of us are serfs.


??????

I've never understood why the Ds have made such a big deal over this SCOTUS ruling.

The Supreme Court held that unions and corporations could donate to political campaigns.

The ruling was nothing new. Unions and corporations were already donating to campaigns.

The Ds receive huge amounts of money from corporations and unions. In fact, the Ds for the last several election cycles are receiving MORE money from unions and corporations then the Rs are getting.

So why the hypocrisy by the Ds?

Why are you so upset by this SCOTUS ruling, jedr?

Do you really think this ruling turned you into a serf (i.e. into a slave)?

I'm sorry, but the ruling didn't make you a slave....but if you believe that allowing unions to donate to campaigns and candidates makes you a serf, then you are free to go ahead and be a serf (i.e. a slave) or act like a serf or feel like a slave or whatever else this nonsense means to you. No one can stop you from being a slave if thats what you want to be.

Cheers!


This whole "corporations are people" comes from Reconstruction Era laws, namely the Fourteenth Amendment to the United States Constitution, designed to give the formerly enslaved rights after the Civil War.

Of course, despite existing for newly freed Americans, and hundreds of thousands of dead Americans having paid the price, the Fourteenth Amendment became "corporate personhood", by American courts.

It exploited the very people the Fourteenth Amendment was designed to protect.

Corporate personhood was a continuation of slavery (from chattel to corporate).

It is another example where the United States failed to pay its debt due to the victims of enslavement and created an additional debt that has yet to be paid.

American stupidity at its finest. The problem was never recognized, let alone repaired. And, the result is the United States is doomed.
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