Insanity - Cryptos - Debt - Navarro Recssion? - Schiff Warning - 586
Insanity:
If you buy the Austrian 100Y bond today at 200 cents, at maturity in 2117 you will get half your money back. You will also be dead. link
It's also crazy you could have made a lot of money buying it at 0 yield and selling it later. This doesn't even seem like it could be real but I guess it is.
Cryptos Just Collapsed As IRS Deadline Looms This might be why cryptos are doing so bad or at least part of the reason.
Negative-Yielding Debt Hits Record $16 Trillion
Maybe Trump will try and blame the recession on Navarro?
Peter Schiff give a warning:
Thursday 8-15
#king
1124.853 SP
1908 VP
Who knows with all the life extension technologies, how long we will really live?
I don't know I am just not seeing it like the one video that this will set in before the election if it does at all. I forget where I read it, and it is like he stated, a strategy, it's a lift then a fall, it makes you wonder if it's not true because every time there is a lift then there's the call on the trade war causing a fall.
Regardless I don't think I am positioned to badly if all this doom and gloom comes into play. I would guess if they think the goods market is going to take the blunt of it this time the only regret I could see forthcoming is not buying a lot of canning jars, vegetable seeds and hording flour, sugar, pasta and noodles. If that's the worse I have to look at that's not to bad, my net worth, though not a lot to some people, far, far outpaces any debt load I carry. This house is plenty big enough to hold both my sons families and as I've stated before we have Indians in the family who get pretty hefty casino revenue checks and not everyone is going to be to broke to gamble...somehow we'll survive, I am good at casseroles. lol.
On another hand this may also just may be all they have to try and keep throwing at Trump in hopes he loses the election because like I said I am just not seeing it as wages are up and my kids have been working a lot of overtime.
It will be hard to back us out of the recession. It seems like we're already going in it now.
If your house is mostly paid off you will probably be good. Jobs might also be lost though. It's the people who are struggling now and are renting with low end customer service jobs who might be screwed.
From some articles I've read elsewhere while going through my daily run down of news events is that the economy overall is still relatively in good standing, a recession is more than just one indicator it's a number of things working in conjunction...if they were seeing a lot of things starting to destabilize they'd be more concerned but right now that's not happening.
Georgia farmers and manufacturers are getting crushed. The good news is that you can pick up lots of farm machinery and farms that have been in families for generations for pennies on the dollar at auction. Not that farming exports and manufacturing imports for production and sale in the US contribute much to the economy ....ummm....nah....
There was also a lot of states with flooding that took out crops. I think Trump is going to bail out some of the farmers.
That is what he said here after the hurricane and tornado season. Big corporate farms got bailouts, smaller regular farmers got nothing to around $5000, and most went on welfare since last year's crop is still unsold in storage due to Trump tariffs, and what little of a crop there is this year will be stored because of the tariffs. On top of that, the administration is cutting off the welfare eligibility and Perdue, the former Ga governor who is over the usda under Trump, is calling them whiners because they are going bankrupt. Georgia farmers are beyond screwed. But like I said, you can get a nice pecan orchard for next to nothing and some solar farms are replacing the bankrupt farms.
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