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 Post subject: Re: GFC 2.0 ? or not?
PostPosted: Mon Feb 11, 2019 11:24 am 
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Joined: Sep 9, 2017
Posts: 358
More storm warnings:

Quote:
IMF warns of global economic 'storm' as growth undershoots

The International Monetary Fund has warned governments to gear up for a possible economic storm as growth undershoots expectations.
"The bottom-line - we see an economy that is growing more slowly than we had anticipated," IMF Managing Director Christine Lagarde told the World Government Summit in Dubai.
Last month, the IMF lowered its global economic growth forecast for this year from 3.7% to 3.5%.
Christine Lagarde cited what she called "four clouds" as the main factors undermining the global economy and warned that a "storm" might strike.
The risks include "trade tensions and tariff escalations, financial tightening, uncertainty related to the Brexit outcome and spillover impact and an accelerated slowdown of the Chinese economy", she said.
Ms Lagarde said trade tensions - mainly in the shape of a tariff spat between the US and China, the world's two biggest economies - are already having a global impact.
"We have no idea how it is going to pan out and what we know is that it is already beginning to have an effect on trade, on confidence and on markets," she said, warning governments to avoid protectionism.
Lagarde also pointed to the risks posed by rising borrowing costs within a context of "heavy debt" racked up by governments, firms and households.

"When there are too many clouds, it takes one lightning (bolt) to start the storm," she said.

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 Post subject: Re: GFC 2.0 ? or not?
PostPosted: Mon Feb 11, 2019 1:28 pm 
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Joined: Jan 1, 1970
Posts: 23301
Epicurus wrote:
More storm warnings:

Quote:
IMF warns of global economic 'storm' as growth undershoots

The International Monetary Fund has warned governments to gear up for a possible economic storm as growth undershoots expectations.
"The bottom-line - we see an economy that is growing more slowly than we had anticipated," IMF Managing Director Christine Lagarde told the World Government Summit in Dubai.
Last month, the IMF lowered its global economic growth forecast for this year from 3.7% to 3.5%.
Christine Lagarde cited what she called "four clouds" as the main factors undermining the global economy and warned that a "storm" might strike.
The risks include "trade tensions and tariff escalations, financial tightening, uncertainty related to the Brexit outcome and spillover impact and an accelerated slowdown of the Chinese economy", she said.
Ms Lagarde said trade tensions - mainly in the shape of a tariff spat between the US and China, the world's two biggest economies - are already having a global impact.
"We have no idea how it is going to pan out and what we know is that it is already beginning to have an effect on trade, on confidence and on markets," she said, warning governments to avoid protectionism.
Lagarde also pointed to the risks posed by rising borrowing costs within a context of "heavy debt" racked up by governments, firms and households.

"When there are too many clouds, it takes one lightning (bolt) to start the storm," she said.


Lagarde again: Let's read between the lines - "Storm" i.e. batting back Trump "Calm before the Storm Comment", they're brewing their own storm and who is that?

The "lighting" bolt analogy is more than that, it is for those with eyes to see, the lighting bolt is incredibly powerful symbol used throughout western culture (think depictions of lighting blasting the primordial soup) which is a veiled reference to Satan. So this clarifies the sides, no?

Quote:
Luke 10:18: "And he said unto them, I beheld Satan as lightning fall from heaven."


You also have to keep in mind that before Trump was elected, the opposing power projected big-time with what looked like a claim that Trump was comparable or was Satan himself, it was an attempted deep spiritual attack when in fact it was also to signal to Trump (and those with eyes to see etc. etc.) they knew he was not part of that gang and this was ironically an abomination to them and their worldly view. The attack was levelled from more than one pundit but you can see here Maher fell into line and was also on message:

Quote:
"Trump, giant liar, Satan, father of lies," Maher said, making the comparison between Trump and Satan. "What about the thing that Jesus was sort of not really fond of egomaniacs, or rich people? Isn’t Donald Trump a rich egomaniac, who — you know, everything is about money and doing well and winners and losers?"

https://thehill.com/homenews/media/3454 ... lies-satan


To my way of seeing that's looks like a ringing endorsement of which side TPTB consider Trump to be on using projection as a form of deception.

Glazed over yet?

The stakes are big folks and you are being told right to your face, tremendous stakes here but thankfully
Trump loves big stakes, the biggest... so let's see the US President has a lot of power to appoint a lot of key people, not just the Supreme Court justices (RBG... what's the hold up?), Trump has the power to appoint not only the Head of the Federal Reserve but also the seven governors (14 year terms no less!).

Trump also has the power to appoint the President of the World Bank!

Quote:
Following the surprise resignation of World Bank President Jim Yong Kim, concerns are rampant that U.S. President Donald Trump will select a candidate who shares his contentious views.

...The abrupt departure of World Bank President Jim Yong Kim could revive long-standing concerns about the degree of influence the U.S. wields in selecting a new leader for the international financial institution.
https://www.cnbc.com/2019/01/10/worries ... signs.html


Yea a "abrupt...surprise"... maybe it becomes clearer why Trump has been the non-stop target of full spectrum demonisation launched from all global media and political assets across the world.

Simply put, a lot of people didn't want him near these very important points of power, they had plans, he wasn't in their plans dam it!

Think back, it was supposed to be around 2018 as outlined in 1988 economist cover of a global currency crash a new one world currency rising out of the flames of Chaos. Looks like their 2012 Olympics mass ritual didn't do the trick wha! So why haven't things crashed yet?

Trump.

The TPTB lost control of their carefully crafted global command economy when Trump was elected and have since had to re-group, re-strategise to push on with a now greater unexpected challenge to their plans.

Put this is a Irish context, and then a personal context for when the fallout happens.

Which side are we on / are you depending on - what star has Ireland hitched it's wagon too?

Since it looks like we could be back to gold in the hand is (soon) worth a billion cryptos in the wallet, shot-gun and beans territory.

2019 - churning gurgling, bloating, gas and some more unexpected evacuations but as we get closer to 2020 which is the US presidential election they do now want Trump to win at-all-costs, things surely will become way more fraught than anything you have ever witnessed before. Imagine that.

Finally - One point that comes as a thematic notable, can anyone remember the last time the global media and institutions so resoundingly got together to clearly signal a global crash ahead of time?

As to much sweetness and concern, I sincerely don't remember this in the lead up pre-2008 - it was after all the very opposite summed up by "soft landing" output until too late, so tell me what happened to all the Black Swans? :x

Trump? :D

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 Post subject: Re: GFC 2.0 ? or not?
PostPosted: Mon Feb 11, 2019 2:17 pm 
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Joined: Sep 9, 2017
Posts: 358
Or it could be a bit like Met Eireann. Weather fear porn addiction ahoy

Quote:
Storm warnings are not a lot of hot air, says Met Éireann after claims that it is 'alarmist'
December 26 2018 2:30 AM

Met Éireann's Evelyn Cusack has defended the forecaster's weather warnings following a raft of criticism that it is "alarmist".
A storm of controversy erupted when Retail Excellence recently claimed Met Éireann's warnings had deterred people from venturing out to do their Christmas shopping.



https://www.independent.ie/irish-news/storm-warnings-are-not-a-lot-of-hot-air-says-met-ireann-after-claims-that-it-is-alarmist-37657545.html

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 Post subject: Re: GFC 2.0 ? or not?
PostPosted: Mon Feb 11, 2019 10:17 pm 
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Joined: Aug 23, 2008
Posts: 3773
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Epicurus wrote:
Or it could be a bit like Met Eireann. Weather fear porn addiction ahoy

Quote:
Storm warnings are not a lot of hot air, says Met Éireann after claims that it is 'alarmist'
December 26 2018 2:30 AM

Met Éireann's Evelyn Cusack has defended the forecaster's weather warnings following a raft of criticism that it is "alarmist".
A storm of controversy erupted when Retail Excellence recently claimed Met Éireann's warnings had deterred people from venturing out to do their Christmas shopping.



https://www.independent.ie/irish-news/storm-warnings-are-not-a-lot-of-hot-air-says-met-ireann-after-claims-that-it-is-alarmist-37657545.html

The biggest problem with Met Eireann's warnings is that they use political boundaries instead of geographic locations (which actually cover the affected area), for example, coastal storms in county Galway will not affect Ballinasloe yet the whole county gets a red weather warning!

The same could be said for warnings of impending economic doom.

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 Post subject: Re: GFC 2.0 ? or not?
PostPosted: Thu Feb 14, 2019 6:34 am 
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Joined: Nov 6, 2006
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https://www.businessinsider.com.au/auto ... ?r=US&IR=T

A new record
Quote:
7 million Americans are behind on their auto payments by at least 90 days

Quote:
Fed economists said the rise in the number of delinquent borrowers is “surprising” considering a strong labour market and economy.


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 Post subject: Re: GFC 2.0 ? or not?
PostPosted: Thu Feb 14, 2019 11:41 am 
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Joined: Oct 22, 2007
Posts: 1954
Blindjustice BATONEFFECT wrote:
https://www.businessinsider.com.au/auto-loan-delinquency-number-record-new-york-fed-2019-2?r=US&IR=T

A new record
Quote:
7 million Americans are behind on their auto payments by at least 90 days

Quote:
Fed economists said the rise in the number of delinquent borrowers is “surprising” considering a strong labour market and economy.


Do they keep a metric for Wage Growth according to the various sections of the population. If they did I'd bet it show's it doesn't keep up with in Inflation.

Consumerism has replaced Christianity as the main religion of the West. It's central tenet is that you've always got to get the newest bling, because you're worth it - even if you can't afford it, so borrow for it.

If GFC 2.0 happens the only way to fix it will be to Helicopter drop money on the masses and figure out how to get Wage inflation greater than product inflation continually. Either that or change to economic system that depends on growth.

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