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  • #47066
    Profile photo of Roadracer
    Roadracer
    Survivalist
    member7

    Was reading SHTF.com this morning and found this article pretty compelling.

    http://www.shtfplan.com/headline-news/devastating-48-collapse-in-trucking-orders-the-backbone-of-u-s-trade-infrastructure-and-logistics_02032016

    Makes sense if you combine it with the Baltic Dry Index.

    All this as our President sings “Don’t Worry, be Happy!”

    • This topic was modified 3 years, 10 months ago by Profile photo of Roadracer Roadracer.
    #47068
    Profile photo of MountainBiker
    MountainBiker
    Survivalist
    member10

    There is no doubt but that another recession is in the works, the difference from the last one being it’ll be harder to stimulate the economy via a lowering of interest rates being they are still artificially low. Trying to do it with massive govt spending will also have a larger tail to it this time given the implications of endless trillion dollar deficits. War is usually an effective way to divert the public’s attention and stimulate an economy however.

    I know someone who sits on the Board of the Federal Reserve, not NY but one of the other branches, and to listen to him you’d think the economy was just looking better and better. Hopefully they are not all as out of touch as he is.

    #47071
    Profile photo of 74
    74
    Survivalist
    rnews

    Roadracer, MB,

    March, April & May numbers will give us a real indication of what’s immediately ahead. I’m making a guess that if there is a flat line through those three months, it will start a sharp downward turn instead of holding steady near zero. Meaning trucking companies will be closing up their doors. The dominoes will cascade.

    • This reply was modified 3 years, 10 months ago by Profile photo of 74 74.
    #47073
    Profile photo of Roadracer
    Roadracer
    Survivalist
    member7

    Is your friend from the Federal Reserve an example of the disconnect of the financial world from the rest of society. The individual has to be pretty intelligent to be sitting on the board, yet he seems to be discounting the signs of a weakening economy. I just can’t figure out what they are seeing that I’m not.

    #47075
    Profile photo of MountainBiker
    MountainBiker
    Survivalist
    member10

    Roadracer, yes he is very bright, a lawyer by training and a successful bank President who runs his bank very conservatively, but he is an eternal optimist even in bad times. I’ve long given up trying to talk to him about dark clouds on the horizon. The interesting part is that he is self made and lives a pretty normal Main St. type of life. His wife is a sweet lady who keeps him grounded.

    #47089
    Profile photo of freedom
    freedom
    Survivalist
    rnews

    Very good article which points to a collapse. It is one of many things happening that all point to a slow collapse of the economy.

    #47093
    Profile photo of L Tecolote
    L Tecolote
    Survivalist
    member8

    Here’s another economic indicator, soon to become real: Negative Interest Rates: Highway to a Cashless, Statist Hell

    The first seven paragraphs are, as her longer title for the article indicates, a personal update to her regular readers, and various opinions. The meat of the piece is the remainder. But I think you’ll find that what she warns about the coming negative interest rates and their effects on us, to be well-reasoned, and eloquently stated.

    For those who don’t recognize her, she is a former successful commodities broker who, when the MF Global scandal erupted, and Jon Corzine was allowed by the Chicago Mercantile Exchange to get away with stealing billions, concluded that there was no way to protect her clients. She paid them all the full value of their accounts, and quit … but not quietly.

    Cry, "Treason!"

    #47094
    Profile photo of freedom
    freedom
    Survivalist
    rnews

    LT, well the negative interest rates has already happen in Japan. Read this article from The Japan Times. Now you have to pay the bank in Japan to keep your money!

    Effects of the BOJ’s negative rate policy spread

    http://www.japantimes.co.jp/news/2016/02/06/business/economy-business/effects-of-the-bojs-negative-rate-policy-spread/#.VrZyukCQkbB

    #47098
    Profile photo of
    Anonymous
    Survivalist

    Hopefully they are not all as out of touch as he is.

    That’s the problem – are they REALLY as out of touch as they seem at times, or is that all part of the “act?”

    Tec, I’ve seen a good bit from her in the past, but had not even seen her name in a while. Thanks for posting. And that article has all sorts of goodies in it that the MSM will not be telling us (like Cruz’ Goldman-Sachs wife, for example, or Trump’s previous falling all over of the Clintons, for examples). And I love her quote: “Oh, yeah. I forgot. They’re all either teetering on the precipice of mental retardation, or are black-hearted diabolical narcissist psychopath whores. Or, as with Nancy Pelosi and countless others, both.”

    But then there was the one further down: “What happens when customer deposit rates go sufficiently negative so as to compel normal people to withdraw their cash from the banks and hold it in cash? The answer is, the oligarchs will enact government policies outlawing the use of cash.”

    Withdraw cash from the bank and hold on to it at home? Nahhhh. I don’t think anyone, especially around here, would possibly think of that idea – or at least admit it. With virtually zero bank interest, the old “lose value” argument against keeping money under the mattress has lost its reasoning. And for those places that will continue to accept cash for a while yet, cash could be a mighty interesting thing to keep handy. Banks may some day not open – for days or longer at a time. Or, the big computer hack could finally happen, and credit/debit cards might not be able to be processed at all. You can probably figure out many of the other possibilities.

    #47103
    Profile photo of freedom
    freedom
    Survivalist
    rnews

    Keep just the amount you need to pay the bills, the rest keep at home.

    #47105
    Tolik
    Tolik
    Survivalist
    member10

    Aye that Freedom , thtas exactly what I do , just enough to pay the bills , and the rest is ‘elsewhere ‘ . Have been doing so for some time , I dont trust the government NOT to steal people hard earned money , and if the hit does come , I dont want to be like so many during the 1930’s , when the banks had a ‘ holiday ‘ . People had money , they just couldnt get to it .

    #47107
    Profile photo of freedom
    freedom
    Survivalist
    rnews

    Tolik, Remember to keep your eyes open for the day the dollar crashes because when that happens the cash you and I have will have a value maybe for a week to two so if the dollar crashes we have to have a plan to know what we can buy cash(more food in cans, more ammo, and any other supplies) all will be worth more then gold or silver.

    #47108
    Tolik
    Tolik
    Survivalist
    member10

    Or convert it to the Chinese Yaun lol , depending on if its a world wide burn . It seems like the Russians , Chinese , and other countries are somewhat predicting that , and creating economic alliances . Interesting thing is that coalition is attempting to create a gold backed currency .

    #47343
    Profile photo of
    Anonymous
    Survivalist

    More to think about:

    Fed’s Kashkari: More steps needed to prevent meltdown repeat
    Neel Kashkari says he believes the biggest banks still continue to pose a “significant, ongoing” economic risk. Kashkari, a key architect of the 2008 federal bailout of the financial industry, is now president of the Federal Reserve’s regional bank in Minneapolis

    Kashkari’s comments about breaking up the nation’s biggest banks addressed a proposal Sen. Bernie Sanders of Vermont has been pushing in his Democratic presidential campaign. Kashkari did not endorse such a move but he said it should be studied.

    http://www.seattletimes.com/business/feds-kashkari-more-steps-needed-to-prevent-meltdown-repeat/?utm_source=RSS&utm_medium=Referral&%23038;utm_campaign=RSS_all

    There you have it, straight out of the mouth of a member of that private banking organization appointed to oversee the entire US economy – he thinks Socialist candidate Bernard Sanders’ idea of breaking up banks is worth studying, and that FEDGov “should do more” to avert a 2008-like repeat crisis. Note that he was also “a key architect of the 2008 federal bailout of the financial industry.”

    When these guys start talking like this in public, one has to wonder what the talk is like in their closed door meetings. As Paul Harvey used to say, “Stand by for NEWS!”

    #47344
    Profile photo of L Tecolote
    L Tecolote
    Survivalist
    member8

    I wondered what happened to Neel “Kash-and-karry” Kashkari after he lost the race for governor in Cali. I guess he “landed on his feet.” It pays to have friends in high places, especially when you’re just another weasel on the make.

    Remember how the”breakup” of Standard Oil resulted in (snicker) more competition, and better prices? Right … neither do I.

    Cry, "Treason!"

    • This reply was modified 3 years, 9 months ago by Profile photo of L Tecolote L Tecolote.
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