Repeated blah blah blah garbage spew from the MSM: "There seems to be a growing disconnect from what the markets are doing and <insert whatever garbage talking point the MSM is currently on about here>."A growing disconnect? Yeah, no shit. Like, from about 2009 onward.  |
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NfTs ArE ThE fuTUrE !  |
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I don't know which is worse, having the NFT practically stolen from him, or not selling it for $1M in the first place when he had the chance to before it fell to zero. Worthless garbage, and NFT lovers are delusional. |
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RANT: The more I read on the MSM regarding inflation and what people are saying about it, the more I'm wondering if people have not lost their fucking minds? This inflation is NOT what the normies on the street believe it is, nor what they are being told. It has nothing to do with "a booming economy". 1. The worldwide economies and GDP are NOT expanding, they are contracting. 2. People are NOT getting paid more, they are getting minor salary increases that drag WAY behind the actual inflation rate. Or getting no salary increases at all, while the cost of living is skyrocketing. People are also drowning in debt and have virtually no savings and no hard assets. 3. The worldwide labor participation rate is NOT growing, it is falling and has been falling since 1996. Just go look at a chart. 4. The rising cost of goods and services that people are seeing is NOT due to "an overheating worldwide economy that is booming." It is NOT demand-driven inflation (aka more fiat dollars chasing the same amount of goods and services), it is supply-side constrained inflation (the same or less dollars in the hands of the Average Joe chasing WAY LESS AMOUNT of produced goods and services available). And once all the printer go brrr money makes its way into the street economies, the rising prices will only get worse due to more fiat devaluation and even more supply restriction. 5. It's FAR LESS overall goods and services being produced now because of a) A shift to just-in-time supply chain, b) stagnant inventory levels dried up, and c) less goods being made because overall worldwide demand is much lower and continuing to fall (They are laying off people right and left worldwide everywhere, the Chinese factories are even laying off Chinese factory workers by the tens of thousands for gods sake!) https://money.usnews.com/investing/news/articles/2022-03-16/reeling-from-chinas-crackdown-alibaba-and-tencent-readying-big-job-cuts-sourceshttps://www.dw.com/en/china-layoffs-mounting-as-factory-output-shrinks/a-19084072-0If the worldwide economies were actually booming, then we wouldn't be seeing these massive layoffs and labor participation falling, we'd be seeing the exact opposite -- massive hiring sprees and more competitive salaries. Labor participation rate numbers would be soaring back to 2005 or even late 90's levels. People would be getting massive sign-on bonuses and raises, and have better job opportunities everywhere. And goods and services prices would actually come DOWN due to more competition, not move up. There are far more monopolies now on everything, so far less competition too. 6. BOTTOM LINE: Corporations and supply chains, that now have a monopoly on everything, are raising prices on less produced goods and services to maintain or exceed profit margins in order to stay in business and keep up with/outrun inflation. That's it. People just. do. not. fucking. get. it. The MSM needs to stop with the gaslighting. /RANT |
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Bitcoin's too volatile y'all...  Shit, lumber has got that volatility beat biggly.  |
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No one noticing that Chinese stocks are having another meltdown. The Chinese govt cooks up another "Covid scare" to distract their people from the reality. "Work from home due to Covid" in China is code for "Your job is now being evaluated, you may not have it anymore when this restructuring is over." Shenzhen, the biggest city in the manufacturing hub of Guangdong province, told all businesses not involved with essential public services to suspend production or have employees work from home for a week starting Monday.
The production halts include Apple supplier Foxconn, which said in a statement to CNBC its factories in the city would remain closed until notified by the government.
The city, sometimes called China’s “Silicon Valley,” has shut public transportation and begun a third city-wide round of testing. Shenzhen has reported more than 400 confirmed cases since late February. https://www.cnbc.com/2022/03/14/chinas-silicon-valley-shenzhen-orders-production-halts-control-covid.html |
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Ok, in the totally random-out-of-nowhere-negro-gypsy-premonition dept, I fear I may have been too bullish on a short term recovery.
I am suddenly filled with fear...
Nah Bob, good news coming. Weez about to go up soon....say goodbye to sub $40k... |
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The U.S. Oil Embargo in the 70's, it achieved nothing except to raise gas prices on the already-suffering American consumer and raise gas scarcity everywhere.
Gee, sound familiar?
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The world is on fire.
Again.
Meh.
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Putin could end this, but he's not the man he used to be. He was known to be rational with his decisions, but i can't see any rationality here. I guess that ongoing isolation in the fear of SARS-CoV-2 messed with his brain.
I feel sorry for everyone involved and having to suffer, regardless of nationality. This war is completely unnecessary. It's the result of a couple of complex happenings, from the pandemic, to various (also inter-) national political parties, economic forces and their shared weakness of corruption, and not to forget: Foreign influential agendas carried out over the course of years.
Sanity seems to become even more scarce than Bitcoin. (To stay a wee little bit on topic.)
Yeah, to be honest this whole situation is just plain baffling. It really doesn't make a whole hell of a lot of sense. Sure it does. Just follow the money and the monetary incentives for an invasion of Ukraine, and everything falls into place. For the people? No, it absolutely doesn't make any sense. |
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As a final thought as we put this who Covid debacle and thread to rest: In the U.S., it is the Democrats in Congress that unanimously voted to keep this whole scamdemic thing going. After two long and arduous years, they are the ones that do not want to give you your freedoms, your bodily autonomy, and your life back. Just remember that, kiddos! https://www.zerohedge.com/political/us-senate-passes-bill-end-covid-19-national-emergencyThe U.S. Senate on March 3 approved a measure that would end the national emergency over COVID-19.
The resolution passed 48–47 on a party-line vote.
All Republicans voted for S.J.Res. 38, which would end the national emergency declared by President Donald Trump on March 13, 2020. All Democrats voted against the declaration, which has been extended twice by President Joe Biden.
The measure now heads to the House of Representatives, which is controlled by Democrats, who have generally been more in favor of restrictions during the pandemic than the GOP. Even if the House were to approve the measure, the White House said on March 3 that Biden would veto it. |
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No worries my WO friends, this market selloff is just about done. FB down to mid-2020 levels. Other FAANGs down to mid 2021 levels. TPTB won't let that kind of a pullback stand, they've been buying the shit out of this dip.
Also, anyone thinking this Ukraine War is going to be over in 6 months really needs to get their head checked.
They have been planning this event for over a year, maybe several years. This is an MSM wet dream. This shitstorm will go on for years, longer than the Covid plandemic bullshit, and the MSM will milk this war for everything they can get out of it. You will be absolutely exhausted hearing about it, if you aren't already.
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I would like to nominate Vladimir Putin for a Nobel prize in Medicine. He single-handedly defeated the threat of Covid 19 within 48 hours across the world. Absolutely stunning! /s 🤡 🌍  |
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Russia is a communist shithole, every (political) opposition, activists and journalists are geting killed and/ore arrested.
Remember Alexei Navalny (a good Russian), which Putin tried to kill but survived in Europe? When he came back at home he was immediately arrested with years of prison time which means Russian justice system is rotten to the bone.
Even Memorial Human Rights Center is banned...you know...communism and human rights does not go hand-in-hand.
You got your metaphors all wrong. Putin is absolutely not a commie. He is an ardent autocrat (authoritarian) with russian nationalist tendencies to boot. There is not a sliver of communist ideology in his proclamations. In fact, he always besmirch Lenin (who was an 'internationalist' and commie #1) in his speeches as well. Watch his speech made before the invasion if you want. This is a critical distinction, but does not make him any better, of course. TL;DR Putin=authoritarian nationalist In January 2016 Putin publicly criticized Lenin. But he didn’t criticize Lenin for being a communist. He criticized Lenin for “providing regions with autonomy.” By doing this, Lenin “planted an atomic bomb under the building that is called Russia and which would later explode.” This explosion took place in 1991 and led to the breakup of the Soviet Union. Putin was not criticizing Lenin’s communist ideas. He was criticizing Lenin for causing the breakup of the Soviet Union.
In response to a reading of Boris Pasternak’s poem about Lenin’s imposition of communist thought, Putin publicly said, “Ruling with your ideas as a guide is correct, but that is only the case when that idea leads to the right results, not like it did with Vladimir Ilyich [Lenin].” Many newspapers reported that Putin had verbally attacked the Soviet system and its founder. But Putin was actually criticizing Lenin’s tactics because they ultimately proved harmful to the communist state. |
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...Looks like Trudeau revoked the "emergency powers"...
I just read through half a dozen pages of WW3 angst without seeing any mention of the ending of the emergency powers until your post. I guess whining about them was more fun than celebrating the end of them. Before you begin to gloat about the end of emergency powers, did Trudeau end vaccine mandates everywhere too? I mean, fk those individual rights... am I right?
Democrats & Republicans (Communist too) are 2 sides of the same coin - collectivists, (the average is more important than the individual)
Libertarians - individualism, (individuals free from coercion will best serve the whole) the US is founded on the principles of individual freedoms and it provided to serve the whole better than other forms of collectivism up until its demise between the 2 world wars.
That clarifies it a little. I've always felt that collectivists were the problem, whether they were corporations, unions, motorcycle gangs, or governments.
Here in Canada there is a strong tradition of individual rights. Most people considered Pierre Trudeau to be a socialist, but when he created the Canadian Constitution and Charter of Rights, he stated that collective rights should never have precedence over individual rights. I guess that made him a bit of a Libertarian. |
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All of the western (and non western) governments have been infiltrated. It is not exactly the US releasing pathogens, though this narrative will work well to ignite people who hate the US. What is happening is the captured part of the US did this. WITH China... And maybe Russia. But they also want us to be pointing our fingers everywhere but where they belong.
Well, I mean... we do have the clueless normies running around thinking that SARS-Cov2 was a Chinese created virus just because...it came from the Wuhan Bio Lab in China. 🤷 🤦 |
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