And yet another record day

[tabs]

I think about what my grandparents did during the Dep and ww2..victory gardens. Money was tight..so you had to make do. Women used to make cloths for the family...

Hair cuts were a bowl on the head to keep it even.

Tech will regress..

Supply chains will breakdown like never before we just had a taste. Medicine..probably will become unavailable.

Civil authority????? Gud luck...variable locally

Water power gas etc..who knows.. variable

Banks..gone..maybe open as a zombie.

It will be unlike anything before..except ancient history..and it is the undermining of the usd that did it..that ripped the guts out of the system. Leaving you no where to turn.

You folks did not want to recognize that you were broke in 08..and had to.retrench your lifestyles..to say the 30s..and to preserve your lifestyles they did what they did..

[tabs]

Now the us govt is insolvent and the usd is toast..since 08 it has been a scorched earth policy .
There is nothing left to rebuild upon..now it is a start from scratch proposition..that means real hard times for everybody including billionaires because the usd that their fortune is based upon is toast. It is like confederate money.

And all the structures that are built based upon the usd are toast as well.

My house is worth 1m usd..and that usd is worth zero. Or 20oz of gold at 50k an oz...but who has 20oz of Gold to buy it? Remember banks are all but gone..it might take you a year to earn an oz of Gold. So maybe you.will take an oz or 2 of gold for yer house if you need to.

Social wefare and entitlements..blown.away with the wind..

Pensions...zip..gone broke

[herr_oberst]

[sugarwood]

Tabs has been calling for hyper inflation and the collapse of the fiat for his entire adult life.
He is mentally ill.

Broken clock is right twice a day.

I bet when there's finally a market correction, he will say "Told ya so!"
Actually, he's simply been wrong for 8 years straight.

Blind squirrel eventually finds an acorn.

Standard Wikipedia trained gold bug who probably went bankrupt by shorting a bull market.
These guys have correctly predicted the last 23 out of 8 recessions.
Generally, these people have already destroyed their finances, career, and family life with their pathological paranoia.
It is a form of mental illness, and I never feel ill will towards these people.

[tabs]

Originally Posted by Chocaholic

Our own Euell Gibbons. Ever eat a pine cone?

Do Pine Nuts count?

[Norm K]

Originally Posted by Chocaholic

Our own Euell Gibbons. Ever eat a pine cone?

Close, Choc, but I think he referred to a pine tree, not cone.

_

[tabs]

Originally Posted by sugarwood

Tabs has been calling for hyper inflation and the collapse of the fiat for his entire adult life.
He is mentally ill.

Broken clock is right twice a day.

I bet when there's finally a market correction, he will say "Told ya so!"
Actually, he's simply been wrong for 8 years straight.

Blind squirrel eventually finds an acorn.

Standard Wikipedia trained gold bug who probably went bankrupt by shorting a bull market.
These guys have correctly predicted the last 23 out of 8 recessions.
Generally, these people have already destroyed their finances, career, and family life with their pathological paranoia.
It is a form of mental illness, and I never feel ill will towards these people.

Not Hyper inflation systemic DEFLATION>>.

The American consumer is a spent force since 08...lessor paying or no job, no saving and credit to the eyeballs...no ability to consume means moribund DEMAND...and an anemic Global economy. Where govt and CB's have to spend and print to keep the Global economy afloat.

That is FACT..REALITY ...

In sept 2012 when sp 500 was 1450 I told ya SP 2250 with the length of time being the caveat for it going higher...as the FED with QE infinity guaranteeing the over and under on Equities...and since then up up and away....several short and sweet corrections since..mostly when the FED spooked Equities.. As long as the FED maintains street cred all will be well with Equities...

That is FACT..REALITY.

Gold Bug not me..The only Gold I have is in my watch, teeth, and the few flakes I got from panning for it.

Shorting the mkt ..never have..

Mental Illness...nope I have been tested.

[sugarwood]

Deflation? You've been wrong for decades.
Last deflation year was 1954.
https://www.macrotrends.net/2497/historical-inflation-rate-by-year

Please repost the 2012 post where you said to load up on SPY