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 Who Remembers February 2007?
Thelazer 1k posts, incept 2009-05-11
2024-02-06 19:03:45

Emupaul. I know well what you speak of.
I couldn't care less anymore what they call me on the phone.
Standsfirm 44 posts, incept 2021-07-29
2024-02-06 19:42:30

If I remember correctly, I first saw Karl on Glenn Beck when he was on CNN Headline news. I was desperate to understand what was going on and thought 'that dude makes sense'. Been here just about every day since. I am financially in a much better place and a hell of a lot smarter thanks to KD and all of you who comment here. Looks like consequences are finally coming.
Metalqueen 502 posts, incept 2021-09-10
2024-02-06 20:41:04

I remember 2007 we as I was involved with a couple of friends in a property flipping company and we were all oblivious to how soon and bad the shit was going to hit the fan. One of them was so oblivious and prone to stick his head in the sand he wouldnt even listen before the crash when I told him we were not making the money he thought. End well it did not. The other one was so busy with the day to day running of things he completely missed the warning signals flashing red but was not deliberately ignoring it.

We all got hit to a degree on a personal level some the other two worse than me although I ended up with 3 foreclosures on my credit plus company related credit card debt. The tsunami from the foreclosures had reached such a level that I only received 1099s for the shortages which were offset by losses from investments in the company. The credit cards were ultimately paid off but it took awhile.

We had files and files of loan papers from usual suspects: IndyMac Countywide WaMu also these lovelies
https://en.wikipedia.org/wiki/Taylor%2C_...... Also a regional bank that shall remain nameless that was stupid enough to lend to us and others like us a went into FDIC receivership a couple years later.

I have LOTS of interesting tales from that time maybe will share some in the future when I have more time.

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Make smiley building great again!
Jfenello 86 posts, incept 2010-01-19
2024-02-06 20:44:30

@Jacksparrow wrote..
the public learn about their stock holdings only being unsecured creditor claims and how they will own nothing

I can't even imagine a world where all bank accounts, IRAs, insurance policies -- *any* account with a counterparty -- is in default.

And yet, that seems like it's about to happen...

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Jay Fenello
http://www.fenello.com/
Tickerguy 202k posts, incept 2007-06-26
2024-02-06 20:45:32

Nope @Jfenello.

You know why?

Because there will be millions of people who will go hunting and kill every single person in their way -- man, woman or child -- starting with cops and politicians. Absolutely nobody will be safe and ALL, whether personally in fact responsible or not, will be deemed responsible.

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"Perhaps you can keep things together and advance playing DIE games.
Or perhaps the truth is that white men w/IQs >= 115 or so built all of it and without us it will collapse."
Jacksparrow 302 posts, incept 2016-04-15
2024-02-06 22:50:36

TG,

Yeah I think people would lock and load, that is for sure. I'd have never thought our government would push such inherently dangerous product as mRNA either, but they did. Then I thought once kids start dying from the magic juice some parent would go postal over it. I was wrong on both counts. They pushed an inherently dangerous product as safe and effective. Then they went so far as to kill kids with it, and I never saw a single gone postal story. So yes in theory you are 100% right, the public ought to hunt every person in congress and anybody associated with congress over such a major taking. Look at all the people who lost money from the MBS debacle you chronicled. After billions lost....crickets. So I agree with you, but buddy Klaus says we'll own nothing and be happy. I'm certain he is wrong on the be happy part. I hope his days are numbered as Putin said.
Tsherry 15k posts, incept 2008-12-09
2024-02-06 23:23:24

I won't start with the cops. They're way down the list.

"journalists"? Yeah, there. Then pols, who won't have the mouthpiece of the media any longer.

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IQ plus a promethean mindset matters.-Eleua

1 Thessalonians 4:11 Make it your ambition to lead a quiet life, to mind your own business and to work with your hands, just as we told you, so that
44dave 128 posts, incept 2021-09-16
2024-02-07 08:20:19

Mannfm11 wrote..
In sum, big problems are coming. The biggest is war.


I've been talking to a few young men, and I can tell you what's NOT coming: support for israel in a war, with a draft enslaving young men. Or ukraine. Or Europe. Or fighting Russia.

All the young men I'm talking to today are clear on the problems that Americans face: politicians, the jews, the bankers (wow, a real trifecta that all roll back to the Tribe).

What they don't care about: fighting for our worst ally (israel) who hates us and makes that clear on a daily basis. Fighting Putin. Dying in some shithole (or sandbox) outside the US borders.

What they do care about: Securing the border. Finding a good wife (i.e. no dyed hair, no tats, doesn't have a body count that requires more than a single hand to denote, no student loan debt), having a decent job, a nice place to live, securing our border (and gunning down the invaders - that's gonna be a great game [think Ender's game] once they get that up and running and all the neets/incels pile in)

The paid provocateurs have been trying to "manifest" support for a war and draft on the chans, but no one cares about ukraine or israel. Not in the US borders, not my problem. And they're wise to the "okay, let's lay off the white guys long enough to get them to enlist and then send them overseas to die" idea and, thankfully, still aren't interested.

So, war may be coming - may be - but it's coming to the United States and the pols, israel and the bankers better beware - it's their heads that will roll. The internet has made it very clear to anyone who is paying attention who the enemy is and the clear and present danger that they present - and as soon as that first shot goes off...wow.
Fumei 4k posts, incept 2019-01-08
2024-02-07 08:20:44

An effective start would be targeting blue goons or critical electrical transformers, unless you are able to explode an atomic bomb in Mordor on the Potomac.
Eleua 23k posts, incept 2007-07-05
2024-02-07 08:34:27

 

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Diversity + proximity = WAR

-The facts do not care about your narrative. The "GREAT NOTICING" continues apace.
Mannfm11 9k posts, incept 2009-02-28
2024-02-07 10:38:31

@44dave: Not Israel or Russia. China and they just might try to come here.

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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
Dbigkahunna 930 posts, incept 2010-01-10
2024-02-07 14:44:45

I wonder how many pushes on the string the FED has. I can see one or two more then it gets fuzzy. So far, pushing on the string has worked. Just with less and less effect. At my age, I have done all I can do. House and land is paid for, got a little cash stashed in a coffee can, a little gold and silver just in case and studying for finals in case the big guy decides my time here is done. All else I am prepared to live or die well.

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Blessed, Grateful and Living a Dream
Edward.fish 638 posts, incept 2021-12-17
2024-02-07 18:44:18

Realist wrote..
* Lack of enforcement of existing laws
* Selective enforcement of existing laws
* Enforcement of ''laws'' that exist only by government proclamation that were not properly passed by a Legislature
* Failure of the legal system to honor Constitutional Rights
* Failure of the courts to uphold The Rule of Law
* The country is unwilling or unable to correct the lawlessness and corruption.

When these acts occur, they are the very definition of a lawless country. This is a major reason why you are seeing the tyranny and chaos in the U.S.

@Realist -- This!

One of the huge problems we're facing is that this selective-/non-enforcement is teaching the people that following the law is useless, and only meant to arbitrarily punish; as observed by the Supreme Court:

Justice Louis D. Brandeis wrote..

https://tile.loc.gov/storage-services/se....
Decency, security and liberty alike demand that government officials shall be subjected to the same rules of conduct that are commands to the citizen. In a government of laws, existence of the government will be imperilled if it fails to observe the law scrupulously. Our Government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the Government becomes a lawbreaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy. To declare that in the administration of the criminal law the end justifies the meansto declare that the Government may commit crimes in order to secure the conviction of a private criminalwould bring terrible retribution. Against that pernicious doctrine this Court should resolutely set its face.



44dave wrote..
Mannfm11 wrote..
In sum, big problems are coming. The biggest is war.

I've been talking to a few young men, and I can tell you what's NOT coming: support for israel in a war, with a draft enslaving young men. Or ukraine. Or Europe. Or fighting Russia.

All the young men I'm talking to today are clear on the problems that Americans face: politicians, the jews, the bankers (wow, a real trifecta that all roll back to the Tribe).

What they don't care about: fighting for our worst ally (israel) who hates us and makes that clear on a daily basis. Fighting Putin. Dying in some shithole (or sandbox) outside the US borders.

What they do care about: Securing the border. Finding a good wife (i.e. no dyed hair, no tats, doesn't have a body count that requires more than a single hand to denote, no student loan debt), having a decent job, a nice place to live, securing our border (and gunning down the invaders - that's gonna be a great game [think Ender's game] once they get that up and running and all the neets/incels pile in)

The paid provocateurs have been trying to "manifest" support for a war and draft on the chans, but no one cares about ukraine or israel. Not in the US borders, not my problem. And they're wise to the "okay, let's lay off the white guys long enough to get them to enlist and then send them overseas to die" idea and, thankfully, still aren't interested.

So, war may be coming - may be - but it's coming to the United States and the pols, israel and the bankers better beware - it's their heads that will roll. The internet has made it very clear to anyone who is paying attention who the enemy is and the clear and present danger that they present - and as soon as that first shot goes off...wow.

@44dave -- Absolutely.

Having seen Iraq and Afghanistan, and how the US 'leadership' was chomping at the bit to put boots on the ground for Ukraine and Israel... all while refusing to enforce our own border-security. -- It shows, quite dramatically, that the 'leadership' is not on the side of the people, especially the young men.
Dan_e 195 posts, incept 2009-06-23
2024-02-08 08:04:36

You've got to admit it looks nice, Social Security 85% funded, Medicaid 15%. Makes for a nice clean 100% funded doesn't it? smiley

Sadly, PS-in-chief probably couldn't find the fault in the above statement
Rangeishot 4k posts, incept 2021-11-18
2024-02-08 09:50:55

Funny it's always "bankers this" or "Wall Street that" ... but nobody bitches about lawyers. Who makes up the House and Senate? Lawyers. Who makes all the batshit crazy Ninth Circuit decisions? Lawyers. When the cops or feds scoop you up, who decides what happens next? Who is truly persecuting the J6ers? Who do the Evil Banksters consult before enacting their schemes? Yeah.

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"There are too many agencies with the attitude that the entire federal government is a giant intelligence service, entitled to secret budgets without oversight."
-- Matt Taibbi
Raven 17k posts, incept 2017-06-27
2024-02-08 15:24:55

The first thing we do...let's kill all the _________."
Raven 17k posts, incept 2017-06-27
2024-02-08 15:25:07

Another snippet from Harry S. Dent which i thought was interesting:

"Q: What are the chances of a lost decade for North America, similar to what occurred in Japan?

A: We should have had that lost decade from 2008 through 2022-2023. So, the question now is, do we have a very strong crash and deep downturn for a few years or do we have that plus an even-weaker final boom from 2025-2026 into 2037? The Millennial boom was never going to be as strong or last as long as the Baby Boom Spending Wave from 1983 to 2007. All that the $27T in combined fiscal and monetary stimulus did was to fill in that lost decade plus from 2008 through 2023. Now, we may have to pay the price, as the massive debt bubble will unwind just as it should be turning upward again from 2024 to 2037.

I already have been seeing the 2037 high in U.S. stocks as not going back to anywhere near the recent highs, which are occurring in a bubble era. That should be washed out ahead, not to return for another 90 years. But I do see it delaying the downturn that should have hit big (back to 2009 lows) into late 2022 for stocks. The economy not only should undergo a deep crash and downturn in 2024-2025, the boom to follow is likely to be compromised further. The 2022 Nasdaq low of 10,088 should be the ceiling for the 2037 top... so we won't get anywhere near the 2023 Nasdaq highs of 15,150, and its even less likely we will see the 2021 highs of 16,212. I think U.S. stocks have reached their highs for decades to come, way past my lifetime, and real estate will recover much more slowly, due to the wave of Boomers dying, creating endless sellers. I think the U.S. ultimately will undergo two lost decades, from 2023 into 2042 or so, with a good bump in between from 2026 into 2037. We'll have to look at aging and immigration changes after this big crash to project more accurately."
Doladin 231 posts, incept 2022-01-15
2024-02-08 21:59:51

@Raven

While that makes sense, my concern is mostly - will they hyperinflate the currency as a last resort of keeping their reigns on power?
I can't help but think we'll see Zimbabwe like printing before we allow a typical boom/bust cycle. It is clown world, after all

The best/worst part is - all other currencies are so weak, that USD printing isn't losing value as quickly as one would accept.

The stock market is not a reflection of the economy. It's a reflection of the top n of businesses, and dodgy small hat money games.

I wish your Dent analysis was likely because that would be a 'sane' economic reflection... but we are so past that now.
Tsherry 15k posts, incept 2008-12-09
2024-02-09 07:25:51

Bad time to be old and slow.

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IQ plus a promethean mindset matters.-Eleua

1 Thessalonians 4:11 Make it your ambition to lead a quiet life, to mind your own business and to work with your hands, just as we told you, so that
Raven 17k posts, incept 2017-06-27
2024-02-09 14:26:52

Here is something to consider in terms of a "long depression". Did the Covid mess merely accelerate emergence and compress the timeframe of change to a situation which would have happened anyway?

In the video below they keep talking about 10 years, and their solutions are trying to bring in the wrong things under a failed or at least no longer relevant model. Urban areas must achieve a productive, mixed, heavily product centered economy to have any chance of not becoming Detroited.

San Francisco suffering 'Doom Loop' amid large vacancy rates

Raven 17k posts, incept 2017-06-27
2024-02-10 16:15:55

This is some of the fallout from the free money mess both up and down the ladder...and market.

This is worth a complete listen, and the associated video comments are insightful.

Burning cash and not being profitable are also discussed in the main video.

Web 2.5 is going to crash down in a variety of ways. These DTC entities also fuel a significant amount of social media.



Remember if it is too easy to do, someone else can spin up just as quickly.

Core value has been lost in an already low to no profit consumer market.

These DTCs have to keep spinning plates to not get lost in the info overload of social media and fast startup DTCs. There is no energy for long term brand development.

Burning cash is not a business model.
Raven 17k posts, incept 2017-06-27
2024-02-10 16:20:07

Something also needs to be noted regarding interest rates.

Right now we have the logic that there is no reason to cut them now due to...see Karl's points.

Here is something which is going to be a real shocker. Many outside of our circle here, and perhaps here, are waiting for something. There is a sentiment that when the markets crash, we go into recession (actually long depression) that the Fed will lower rates and spin up their breathlessly anticipated asset bubbles again. This is where disappointment version 2.0 is going to come to pass.

The markets will not stand for this. It will break too much stuff and cause a society to get closer to the brink. Plus, it will not work and cannot be made to happen.

This looks to be a historical inflection point which few are anticipating that the Fed will not lower rates in response to an economic activity decline and recession. Wake-up-call is an understatement.

They cannot do something which will be mathematically impossible and for which there will be no market for the debt at such prices.

Anyone wish to speculate on what happens after this occurs?
Antone 9k posts, incept 2008-02-03
2024-02-10 16:20:33

Hey all, me again after awhile.

I was just thinking about the 400+ down day in February 2007 earlier this morning. That was the day I actually started paying attention to the markets. For whatever reason, it really resonated with me. And I remember where I was and what I was talking about with whom regarding that big market drop that day.

It wasn't until summer of 2007 when Goldman Sachs and Bear Sterns had hedge fund or sub-fund failures that I really got glued in, found this place and never looked back.

I appreciate this conversation being brought up. I agree that the parallels are there to early 2007.

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Corzine is now gone. Fuck that guy. Back to the original. As it should be.

Wir sind gefickt.
Gavilan 1k posts, incept 2014-01-01
2024-02-10 17:14:53

44Dave, You described my sons to a tee.

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Fuck the Forest Service.
Oh and FJB too.
Jack_crabb 19k posts, incept 2010-06-25
2024-02-10 18:10:24

Good for you, @Gavilan. Someone still knows how to raise kids.

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Molon Labe
Where is Henry Bowman when you need him?
How many are willing to pledge this? We mutually pledge to each other our Lives, our Fortunes, and our Sacred Honor
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