Surviving the crash

[oldcorpgunny]

If it comes right down to it, I will sell nude photos of myself. I was able to make a small fortune by peddling them near retirement communities when Mr. Obongo crashed the economy.

 

[VinnieBoomBah]

Here's an interesting tidbit. This is from the WSJ Editorial Board too.

https://www.wsj.com/articles/signat...k96skv7rr32&reflink=desktopwebshare_permalink

From that article, and not asking you directly @ATCclears , just quoting the link

That means crypto companies will have to find another bank to safeguard their deposits.

OK, color me confused, but I thought the entire point of crypto was it was decentralized and didn't rely on a centralized banking system

 

[ATCclears]

@VinnieBoomBah it's a valid question. I don't have anything in crypto so it's a big unknown to me.

On a related note, see a post of mine a page or two earlier in this thread. The Federal Reserve wants their FedNow to go live in July. My opinion is that this is the start of a government-controlled crypto. So the WSJ editorial from today is interesting and timely - it doesn't take much tinfoil to think that the Feds want to shutdown any competition or uncontrollable alternatives.

 

[The Heretic]

From that article, and not asking you directly @ATCclears , just quoting the link

That means crypto companies will have to find another bank to safeguard their deposits.

OK, color me confused, but I thought the entire point of crypto was it was decentralized and didn't rely on a centralized banking system

It always appeared to me that if the US dollar is "fiat currency", then crypto was/is fairy tale currency - de-centralized or not.

 

[nammac]

@VinnieBoomBah it's a valid question. I don't have anything in crypto so it's a big unknown to me.

On a related note, see a post of mine a page or two earlier in this thread. The Federal Reserve wants their FedNow to go live in July. My opinion is that this is the start of a government-controlled crypto. So the WSJ editorial from today is interesting and timely - it doesn't take much tinfoil to think that the Feds want to shutdown any competition or uncontrollable alternatives.

So the feds don't want to deal with or insure crypto in standard, normal banking. Making it difficult for crypto companies to store their cash. Kinda like gun dealers and pot stores…

Boo, hoo, hoo, hoo….

 

[nammac]

Time to put more cash in gold, silver, copper, brass and lead…

 

[ATCclears]

from the WSJ Editorial Board:

Risk-weighted capital standards have made banks look healthier than they are. The Dodd-Frank regulatory architecture failed to protect against the interest-rate risk that landed Silicon Valley (SVB), Signature and First Republic banks in trouble. Market discipline fell sharply with the creation of too-big-to-fail banks as part of Dodd-Frank. Now Ms. Yellen is throwing out residual discipline by telling even uninsured depositors that they needn't worry.

The consequences will be far-reaching even if the damage isn't immediately clear. Bank executives won't have an incentive to manage conservatively if they know their deposits aren't at risk of fleeing. Large depositors will be less likely to spread their cash across multiple banks. Deposits and risk could become more concentrated at poorly managed banks that offer more customer perks, as happened at SVB.

Opinion | The End of Market Discipline for Banks

Janet Yellen essentially says all deposits are insured. From now on, moral hazard rules.

www.wsj.com

 

[jayR]

found this list on the web.. 100 thing to disappear first

Generators (Good ones cost dearly. Gas storage, risky. Noisy...target of thieves; maintenance etc.)
Water Filters/Purifiers
Portable Toilets
Seasoned Firewood. Wood takes about 6 - 12 months to become dried, for home uses.
Lamp Oil, Wicks, Lamps (First Choice: Buy CLEAR oil. If scarce, stockpile ANY!)
Coleman Fuel. Impossible to stockpile too much.
Guns, Ammunition, Pepper Spray, Knives, Clubs, Bats & Slingshots.
Hand-can openers, & hand egg beaters, whisks.
Honey/Syrups/white, brown sugar
Rice - Beans - Wheat
Vegetable Oil (for cooking) Without it food burns/must be boiled etc.,)
Charcoal, Lighter Fluid (Will become scarce suddenly)
Water Containers (Urgent Item to obtain.) Any size. Small: HARD CLEAR PLASTIC ONLY - note - food grade if for drinking.
Mini Heater head (Propane) (Without this item, propane won't heat a room.)
Grain Grinder (Non-electric)
Propane Cylinders (Urgent: Definite shortages will occur.
Survival Guide Book.
Mantles: Aladdin, Coleman, etc. (Without this item, longer-term lighting is difficult.)
Baby Supplies: Diapers/formula. ointments/aspirin, etc.
Washboards, Mop Bucket w/wringer (for Laundry)
Cookstoves (Propane, Coleman & Kerosene)
Vitamins
Propane Cylinder Handle-Holder (Urgent: Small canister use is dangerous without this item)
Feminine Hygiene/Haircare/Skin products.
Thermal underwear (Tops & Bottoms)
Bow saws, axes and hatchets, Wedges (also, honing oil)
Aluminum Foil Reg. & Heavy Duty (Great Cooking and Barter Item)
Gasoline Containers (Plastic & Metal)
Garbage Bags (Impossible To Have Too Many).
Toilet Paper, Kleenex, Paper Towels
Milk - Powdered & Condensed (Shake Liquid every 3 to 4 months)
Garden Seeds (Non-Hybrid) (A MUST)
Clothes pins/line/hangers (A MUST)
Coleman's Pump Repair Kit
Tuna Fish (in oil)
Fire Extinguishers (or..large box of Baking Soda in every room)
First aid kits
Batteries (all sizes...buy furthest-out for Expiration Dates)
Garlic, spices & vinegar, baking supplies
Big Dogs (and plenty of dog food)
Flour, yeast & salt
Matches. {"Strike Anywhere" preferred.) Boxed, wooden matches will go first
Writing paper/pads/pencils, solar calculators
Insulated ice chests (good for keeping items from freezing in Wintertime.)
Workboots, belts, Levis & durable shirts
Flashlights/LIGHTSTICKS & torches, "No. 76 Dietz" Lanterns
Journals, Diaries & Scrapbooks (jot down ideas, feelings, experience; Historic Times)
Garbage cans Plastic (great for storage, water, transporting - if with wheels)
Men's Hygiene: Shampoo, Toothbrush/paste, Mouthwash/floss, nail clippers, etc
Cast iron cookware (sturdy, efficient)
Fishing supplies/tools
Mosquito coils/repellent, sprays/creams
Duct Tape
Tarps/stakes/twine/nails/rope/spikes
Candles
Laundry Detergent (liquid)
Backpacks, Duffel Bags
Garden tools & supplies
Scissors, fabrics & sewing supplies
Canned Fruits, Veggies, Soups, stews, etc.
Bleach (plain, NOT scented: 4 to 6% sodium hypochlorite)
Canning supplies, (Jars/lids/wax)
Knives & Sharpening tools: files, stones, steel
Bicycles...Tires/tubes/pumps/chains, etc
Sleeping Bags & blankets/pillows/mats
Carbon Monoxide Alarm (battery powered)
Board Games, Cards, Dice
d-con Rat poison, MOUSE PRUFE II, Roach Killer
Mousetraps, Ant traps & cockroach magnets
Paper plates/cups/utensils (stock up, folks)
Baby wipes, oils, waterless & Antibacterial soap (saves a lot of water)
Rain gear, rubberized boots, etc.
Shaving supplies (razors & creams, talc, after shave)
Hand pumps & siphons (for water and for fuels)
Soy sauce, vinegar, bullions/gravy/soupbase
Reading glasses
Chocolate/Cocoa/Tang/Punch (water enhancers)
"Survival-in-a-Can"
Woolen clothing, scarves/ear-muffs/mittens
Boy Scout Handbook, / also Leaders Catalog
Roll-on Window Insulation Kit (MANCO)
Graham crackers, saltines, pretzels, Trail mix/Jerky
Popcorn, Peanut Butter, Nuts
Socks, Underwear, T-shirts, etc. (extras)
Lumber (all types)
Wagons & carts (for transport to and from)
Cots & Inflatable mattress's
Gloves: Work/warming/gardening, etc.
Lantern Hangers
Screen Patches, glue, nails, screws,, nuts & bolts
Teas
Coffee
Cigarettes
Wine/Liquors (for bribes, medicinal, etc,)
Paraffin wax
Glue, nails, nuts, bolts, screws, etc.
Chewing gum/candies
Atomizers (for cooling/bathing)
Hats & cotton neckerchiefs
Goats/chickens

 

[Mono1]

from the WSJ Editorial Board:

Risk-weighted capital standards have made banks look healthier than they are. The Dodd-Frank regulatory architecture failed to protect against the interest-rate risk that landed Silicon Valley (SVB), Signature and First Republic banks in trouble. Market discipline fell sharply with the creation of too-big-to-fail banks as part of Dodd-Frank. Now Ms. Yellen is throwing out residual discipline by telling even uninsured depositors that they needn't worry.

The consequences will be far-reaching even if the damage isn't immediately clear. Bank executives won't have an incentive to manage conservatively if they know their deposits aren't at risk of fleeing. Large depositors will be less likely to spread their cash across multiple banks. Deposits and risk could become more concentrated at poorly managed banks that offer more customer perks, as happened at SVB.

Opinion | The End of Market Discipline for Banks

Janet Yellen essentially says all deposits are insured. From now on, moral hazard rules.

www.wsj.com

Ceteris Paribus, with zero risk, capital should gravitate to the highest interest.

 

[Mono1]

found this list on the web.. 100 thing to disappear first

Generators (Good ones cost dearly. Gas storage, risky. Noisy...target of thieves; maintenance etc.)
Water Filters/Purifiers
Portable Toilets
Seasoned Firewood. Wood takes about 6 - 12 months to become dried, for home uses.
Lamp Oil, Wicks, Lamps (First Choice: Buy CLEAR oil. If scarce, stockpile ANY!)
Coleman Fuel. Impossible to stockpile too much.
Guns, Ammunition, Pepper Spray, Knives, Clubs, Bats & Slingshots.
Hand-can openers, & hand egg beaters, whisks.
Honey/Syrups/white, brown sugar
Rice - Beans - Wheat
Vegetable Oil (for cooking) Without it food burns/must be boiled etc.,)
Charcoal, Lighter Fluid (Will become scarce suddenly)
Water Containers (Urgent Item to obtain.) Any size. Small: HARD CLEAR PLASTIC ONLY - note - food grade if for drinking.
Mini Heater head (Propane) (Without this item, propane won't heat a room.)
Grain Grinder (Non-electric)
Propane Cylinders (Urgent: Definite shortages will occur.
Survival Guide Book.
Mantles: Aladdin, Coleman, etc. (Without this item, longer-term lighting is difficult.)
Baby Supplies: Diapers/formula. ointments/aspirin, etc.
Washboards, Mop Bucket w/wringer (for Laundry)
Cookstoves (Propane, Coleman & Kerosene)
Vitamins
Propane Cylinder Handle-Holder (Urgent: Small canister use is dangerous without this item)
Feminine Hygiene/Haircare/Skin products.
Thermal underwear (Tops & Bottoms)
Bow saws, axes and hatchets, Wedges (also, honing oil)
Aluminum Foil Reg. & Heavy Duty (Great Cooking and Barter Item)
Gasoline Containers (Plastic & Metal)
Garbage Bags (Impossible To Have Too Many).
Toilet Paper, Kleenex, Paper Towels
Milk - Powdered & Condensed (Shake Liquid every 3 to 4 months)
Garden Seeds (Non-Hybrid) (A MUST)
Clothes pins/line/hangers (A MUST)
Coleman's Pump Repair Kit
Tuna Fish (in oil)
Fire Extinguishers (or..large box of Baking Soda in every room)
First aid kits
Batteries (all sizes...buy furthest-out for Expiration Dates)
Garlic, spices & vinegar, baking supplies
Big Dogs (and plenty of dog food)
Flour, yeast & salt
Matches. {"Strike Anywhere" preferred.) Boxed, wooden matches will go first
Writing paper/pads/pencils, solar calculators
Insulated ice chests (good for keeping items from freezing in Wintertime.)
Workboots, belts, Levis & durable shirts
Flashlights/LIGHTSTICKS & torches, "No. 76 Dietz" Lanterns
Journals, Diaries & Scrapbooks (jot down ideas, feelings, experience; Historic Times)
Garbage cans Plastic (great for storage, water, transporting - if with wheels)
Men's Hygiene: Shampoo, Toothbrush/paste, Mouthwash/floss, nail clippers, etc
Cast iron cookware (sturdy, efficient)
Fishing supplies/tools
Mosquito coils/repellent, sprays/creams
Duct Tape
Tarps/stakes/twine/nails/rope/spikes
Candles
Laundry Detergent (liquid)
Backpacks, Duffel Bags
Garden tools & supplies
Scissors, fabrics & sewing supplies
Canned Fruits, Veggies, Soups, stews, etc.
Bleach (plain, NOT scented: 4 to 6% sodium hypochlorite)
Canning supplies, (Jars/lids/wax)
Knives & Sharpening tools: files, stones, steel
Bicycles...Tires/tubes/pumps/chains, etc
Sleeping Bags & blankets/pillows/mats
Carbon Monoxide Alarm (battery powered)
Board Games, Cards, Dice
d-con Rat poison, MOUSE PRUFE II, Roach Killer
Mousetraps, Ant traps & cockroach magnets
Paper plates/cups/utensils (stock up, folks)
Baby wipes, oils, waterless & Antibacterial soap (saves a lot of water)
Rain gear, rubberized boots, etc.
Shaving supplies (razors & creams, talc, after shave)
Hand pumps & siphons (for water and for fuels)
Soy sauce, vinegar, bullions/gravy/soupbase
Reading glasses
Chocolate/Cocoa/Tang/Punch (water enhancers)
"Survival-in-a-Can"
Woolen clothing, scarves/ear-muffs/mittens
Boy Scout Handbook, / also Leaders Catalog
Roll-on Window Insulation Kit (MANCO)
Graham crackers, saltines, pretzels, Trail mix/Jerky
Popcorn, Peanut Butter, Nuts
Socks, Underwear, T-shirts, etc. (extras)
Lumber (all types)
Wagons & carts (for transport to and from)
Cots & Inflatable mattress's
Gloves: Work/warming/gardening, etc.
Lantern Hangers
Screen Patches, glue, nails, screws,, nuts & bolts
Teas
Coffee
Cigarettes
Wine/Liquors (for bribes, medicinal, etc,)
Paraffin wax
Glue, nails, nuts, bolts, screws, etc.
Chewing gum/candies
Atomizers (for cooling/bathing)
Hats & cotton neckerchiefs
Goats/chickens

Jay! Bic Lighters (for Barter!)

 

[Xaevian]

Jay! Bic Lighters (for Barter!)

And a gaggle of soy slaves to carry all that crap!

 

[ATCclears]

On the Fed's Docket 1670... (link in article to Fed's PDF).

Social credit/control.

https://mishtalk.com/economics/the-fed-proposes-a-4th-function-of-money-means-of-social-control

 

[VinnieBoomBah]

On the Fed's Docket 1670... (link in article to Fed's PDF).

Social credit/control.

https://mishtalk.com/economics/the-fed-proposes-a-4th-function-of-money-means-of-social-control

Saying "It's raining outside" isn't advocating for rain, it's just pointing out a fact, and as I read it they are actually arguing against the use of centralized banking / money as a form of social control because it creates "great income and wealth imbalances

Here it is:
But there is a fourth function of money: as a means of social control. The centralized monopoly over the functions of money held by sovereign governments and central banks has generated great income and wealth imbalances. Concerns about a lack of central bank performance with respect to financial inclusion, income inequality, economic system stability and the tendency of central banks to intermediate on behalf of large financial institutions supported the creation of cryptocurrency"

See? They are saying that crypto is better because it removes (or at least diminishes) the centralized banks involvement in "social control" and the historic tendency for the banks to protect the Riches over the Poor's.

So literally the opposite of what the click bait headline would have you believe

 

[Soli]

That document is a comment in response to FED, from years ago. It isn't the FED speaking.

The FED didn't send out any "confidential, not-for-distribution research" lol. That's the guy who wrote the comment who also, apparently, sends "research" to congress critters.

Again, the FED isn't talking about social control. The commenter is. Everything in that document is NOT the FED writing, it's William Michael Cunningham writing. Mish is... confused. At best.

lol google the authors name. Yikes. His take on Texas is priceless.

 

[sobo]

That document is a comment in response to FED, from years ago. It isn't the FED speaking.

The FED didn't send out any "confidential, not-for-distribution research" lol. That's the guy who wrote the comment who also, apparently, sends "research" to congress critters.

Again, the FED isn't talking about social control. The commenter is. Everything in that document is NOT the FED writing, it's William Michael Cunningham writing. Mish is... confused. At best.

lol google the authors name. Yikes. His take on Texas is priceless.

Jezus, Gawd, just read some of his horseshiit. WhoTF is that Cunningham looneytoon??? And he sure hates guns, doesn't he?

 

[Soli]

He's a loony mfer alright. And the things he's been saying for a while are now echoed by people in power (tho in this case not the FED, yet at least). To quote myself, "Yikes".

anyway back to the crash.

 

[Burt Gummer]

For those who don't see official Gov Crypto coming soon and the eventual elimination of all other currencies including cash -
"Federal Reserve Bank Launches Phase One of CBDC This July" Forget the C jab scam and lockdowns, and all the other power plays. THIS will be the biggest power grab of our corporate government since, well, ever.

 

[Heyjoe]

For those who don't see official Gov Crypto coming soon and the eventual elimination of all other currencies including cash -
"Federal Reserve Bank Launches Phase One of CBDC This July" Forget the C jab scam and lockdowns, and all the other power plays. THIS will be the biggest power grab of our corporate government since, well, ever.

As evil as I believe these c_nts are I think their even more stupid.

What's the theory, they trying to hyper-inflate the dollar to somehow make a CBDC more palatable?

 

[Alexx1401]

As evil as I believe these c_nts are I think their even more stupid.

What's the theory, they trying to hyper-inflate the dollar to somehow make a CBDC more palatable?

It is always of course all about control. I have zero doubt we will see them at least dabble in digital before long at all. I rather doubt I will live long enough to see them take the cash. They will of course use fear to try to get more to volunteer to give up cash. There is bound to be heavy push back though so will be hard for them to just roll out and stop cash all at once. One big upside is how inept gov tends to be. When they first roll out their digital it will be of course touted as the greatest thing since sliced bread by all the media. The fun will be the first crash where the system just shuts down leaving people with no way to use it. Given how they run everything its bound to happen over and over to those who first jump on board.

 

[Burt Gummer]

We will be cashless by 2030. That is one of the WEF goals and what they want, they get since they control the majority of important and strategically placed politicians. Not a political statement. Red, Blue doesn't matter.

Funny, back as far as 1980 I had friends telling me we would be cashless soon. They saw barcodes at grocery stores, etc, and got all excited. Even then, I would say probably 30-40 years in the future cash would probably be gone. Even that was a little early because people had not yet proven themselves so easily compliant as they are now. There will be no resistance as there will be instant financial bondage.