Please be prepared
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I remember a couple of years ago we were being told the exact date the Chinese economy would crash, but that hasn't happened
God i hope this triggers mass market chaos, which kicks off MOASS...
Don't say 'Mo Ass' out loud, you'll have Obama come running
Like any of us could hold a candle to Big Mike 🍆
Stock up on food. This is where a Nation needs to barter and design a local currency.
I’m confused. The author states that 2.75% is “the highest rate in recorded history”, while displaying a chart showing that before 1999 the JP20Y was greater than 2.75%, with it over 8% in the early 90s.
It’s hard to accept the fear-mongering when the first paragraph contains a blatant falsehood.
Anyone got a deep dive on this guy?
Deep dive not necessary. Surface level reveals retarded, emotional takes that should be immediately discarded as noise and moved on from
It is above 3.3% for the first time.
Look at the friggin chart on the tweet you posted - it is quite obviously over 8% in the early 90s. 🤦🏻♂️
Yes, you are correct but that was 30 years ago. From the post "Every portfolio built since 1995 assumed Japanese yields stayed near zero forever." This is the issue.
And the author stated that 2.75% “the highest rate in recorded history”.
You, yourself wrote, “It is above 3.3% for the first time”.
Come on, man!
Last I checked, the early 90s was still part of recorded history.
My point, NeilS, is that it’s hard to take something seriously when the article opens with a blatant falsehood and is full of words designed to instill fear rather than inform.
If this is such an emergency, I’m sure there are dozens of other pundits in concurrence with ole Shanaka. Perhaps you could post some corroboration from his peers to help offset this guy’s bombast?
Get a taste of Globalisation ???
When everyone is chained together
We all are the weakest link 😢
Yup. If one domino tips it’s over.
Elon did say sovereign nations with their own culture is like a firewall. If one goes you could always move to another country. With globalism you basically set up a domino effect where if one nation has an issue it affects everyone.
The cabal are used to bringing down a nation or civilization. This time the entire planet could be affected.
$VIX go brrrrrr?
EVERYBODY PANIC... until you realize that the U.S. has a nominal GDP of $30.6 TRILLION in 2025, and a REAL GDP of about $24 Trillion, making it the largest economy in the world. Thinking about it like this, by 2030 the US REAL GDP will be around $28 Trillion. The annual increases alone in our own GDP offsets the worst case scenario of a Japanese economic implosion.
According to the article, Japan holds $3.2 Trillion in foreign assets, including $1.13 Trillion in US Treasuries.
If Japan sucked back 100% of it's total foreign assets (not going to happen) and assuming that 100% of those assets were in the U.S. (which they aren't)... that would be 1/10th of the US annual GDP as a one-time event... after which it can't occur a 2nd time.
From a homeowner perspective, imagine if you have a $250,000 home. A bad hailstorm destroys your roof and it needs to be replaced. A new roof will cost you $25,000. Is this a devastating event driving you to complete ruin? No... it's a ONE TIME financial setback that is recoverable, and then you get on with life. The Japanese situation is a lot like that. It might be a small crisis one time, but we'll get through it.
OK... now PANIC!!!!
Japan debt to gdp is at 255%. They owe the lion share to the Japanese people , but the biggest problem is the Japanese yen carry trade is gone. Most thought Europe would be the contagion, but their lockdowns on free speech and their capital controls slowed it down. The reset must happen, Trump was trying to build our manufacturing base up before it blew. Maybe they can hold it off 6 more months, I hope so for everyone's sake.
Always prepared, there is a grocery store in my basement pantry. Cases of food that would see us through, although living on canned food is not ideal, we have dried goods too. Winter squash, potatos onions and garlic will keep for months in the right condition, filling and good for you. Freezer full of meat and fish. Root crops and cabbages will keep in a cool 45 degree basement pantry. Stocked up on pet food too. The cats keep the basement clear of invaders.
Same dick heads who told us the world was going to end in 2020 and that we would be back on the gold standard and to run up a bunch of credit cards before everything reset......
So should I clean out my 401K and IRA?
Any way you slice it, it's all funny money.
Ok , the money comes out tomorrow morning.