6639f0 No.180799
Whether you believe in COVID or not does not matter in this thread because a substantial number of people DO believe in it; accordingly, their spending and behavioral habits have permanently changed.
Additionally, western countries, particularly the US, are burdened with a variety of debt, be it public, corporate, or private household debt. This debt was taken on in an economy that could support it. That economy no longer exists, and prospects for it returning any time soon are grim.
The purpose of this thread is to discuss ways that anons can survive, profit, and thrive in this new environment. All gloves are off, since we know that the Jews will already be grabbing everything that isn't nailed down. ITT we discuss how we can grab some of the action ourselves.
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86c85b No.180812
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6639f0 No.180941
I should also point out that the likelihood of small business bailouts with either candidate is small. The foreclosure/eviction moratorium ends on 1 January. Personal bailouts/UBI/load forgiveness is not likely to happen.
Foreclosure sale, tax lien/sale (depending on state), and repossessions are all possible opportunities.
The dollar has been dropping since midsummer and continues to drop. This has kept gold high and stocks from collapsing. If you have savings in these, it's value will probably hold up.
Also, the vaccine hype is just that. The vaccines that have been developed by US companies are not that easy to distribute, and many people won't take them anyway.
So the picture of the future is continued low demand for goods and services due to people not shopping, not travelling, not staying in hotels, not eating at restaurants, etc.
Low demands = people/businesses/municipalities losing jobs, the ability to pay debts, and tax revenue, etc. Low travel means low fossil fuel demand as well.
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6639f0 No.180948
On the labor side, if you're needing a job and have security experience, you might want to think about private security - either looking for a job as a contractor or starting your own business.
Crime will be up and law enforcement budgets will be down (not only due to sentiment but also to lower tax revenues). Rich people/gated communities are going to be looking for help protecting their property.
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6639f0 No.180964
Another thing to think about is what is going to happen to farming.
Most farming in the US is soybeans and corn. Soybeans are mainly an animal feed and largely for export. People having less money to spend means less demand for meat.
Also, most of the corn is grown for animal feed but also for ethanol. With fuel prices due to lower travel, corn prices may also fall through the floor.
This translates into farm failures, and there will be opportunities there as well.
On the labor side, more people will be getting into growing their own food, so there may be opportunities in gardening supply and management. Small-time farms that grow food for delivery is another possibility.
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6639f0 No.180985
US is implementing capital controls now to keep big money from flowing to the one, profitable country left: China. It's being sold as a national security move, but it's about the flow of money.
The investment money will still find it's way there, but not directly.
https://www.presstv.com/Detail/2020/11/12/638484/US-China-Trump-Chinese-firms-investment-
https://archive.is/TE2wY
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6639f0 No.180994
Prepare for a weaker dollar:
>JACKSON HOLE, Wyo. (Reuters) - Bank of England Governor Mark Carney took aim at the U.S. dollar's "destabilising" role in the world economy on Friday and said central banks might need to join together to create their own replacement reserve currency.
>The dollar's dominance of the global financial system increased the risks of a liquidity trap of ultra-low interest rates and weak growth, Carney told central bankers from around the world gathered in Jackson Hole, Wyoming, in the United States.
>…
>Carney - who was considered a candidate to be the next head of the International Monetary Fund but failed to secure backing from Europe's governments - said the problems in financial system were encouraging protectionist and populist policies.
>…
>Carney warned that very low equilibrium interest rates had in the past coincided with wars, financial crises and abrupt changes in the banking system.
>…
>China's yuan represented the most likely candidate to become a reserve currency to match the dollar, but it still had a long way to go before it was ready.
>…
>"Even a passing acquaintance with monetary history suggests that this centre won't hold," Carney said. "We need to recognise the short, medium and long-term challenges this system creates for the institutional frameworks and conduct of monetary policy across the world."
>https://news.yahoo.com/world-needs-end-risky-reliance-192352122.html
>https://archive.is/wip/Y5Mfv
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6639f0 No.181318
>Paul Jay: So Trump made all kinds of promises and is still blowing his horn about this issue of returning jobs and the rebirth of American industrial manufacturing. But he hasn’t succeeded. Why? And there are some bigger reasons for that, aren’t there?
>Michael Hudson: Well, we’ve talked about these bigger reasons for quite a few years now. And my point is that the economy’s been in a slow crash. The reason is that to become an industrial economy, you have to lower the cost of living and lower the cost of doing business. That’s what the whole fight of classical economics was all about. But the economy has become more and more financialized and polarized. It’s impossible to cut costs.
>You mentioned the pandemic. Health care now absorbs 18 percent of the GDP. If you look at the other costs, if you’re a wage earner, 15 percent of your income right off the bat goes to Social Security and medical insurance. You have regular taxes, anywhere from about 20 percent. You have mortgage debt that is up to about 40-43 percent of average income. At least that’s what the U.S government is willing to guarantee when bankers make a loan. You have other loans; you have student debt to pay for an education in order to get a job, you have automobile debt to get to the job.
>https://michael-hudson.com/2020/11/2020-election-review/
>https://archive.is/wip/Xq6Hv
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6639f0 No.181338
>Aggregate delinquency rates dropped markedly in the second quarter, reflecting an uptake in forbearances (provided by both the CARES Act and voluntarily offered by lenders), which protect borrowers’ credit files from the reporting of skipped or deferred payments. Note the difference that accounts in forbearance might be categorized as delinquent on the lender’s book, but typically as current on the credit reports. As of June 30, 3.6% of outstanding debt was in some stage of delinquency, a 1.0 percentage point decrease from the fourth quarter of 2019. Of the $512 billion of debt that is delinquent, $372 billion is seriously delinquent (at least 90 days late or “severely derogatory”, which includes some debts that have been removed from lenders books but upon which they continue to attempt collection). The uptake in forbearances is notably visible in the delinquency rate transitions for mortgages. The share of mortgages in early delinquency that transitioned ‘to current’ spiked to 61.1% reflecting that many of those became forborne, while there was a decline in the share of mortgages in early delinquency whose status worsened during the second quarter of 2020. There were only24,000 new foreclosure starts; given that homeowners with federally backed mortgages are currently protected from foreclosure through a moratorium in the CARES Act.
https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2020Q2.pdf
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b953b6 No.181352
>>180812
> On The Accusation That Hitler Was Financed
> 7 minute intro
Intro should be cut shorter. Very good video though!
Also morons saying Hitler was somehow a puppet for internationalists are stupid. He initially in 1932-1933 committed to ties to local industrialists who did hold power over his decision making in 1933 (hence he needed to cull the SA to please them). In the end his economic policies worked out well for both ends, and after a while they didn't have too much room to be uppity anymore. Besides even in weimar republic German industry was never really performing badly (namely upcoming automobile industry). It performed worse due to treaty of Versailles and France + UK intentionally keeping Germany way below them to safeguard their own power in Europe.
Germany not having any colonies and France + UK being able to import their short comings also didn't really help them out. WW2 wasn't really done since either of them cared about Poland, it was done because Germany had become much stronger than both of them (again). Announcement of war if they dared invade Poland was so that both Germany wouldn't gain further economic and territorial power and that Soviet Union would come next to their doorstep.
The threat was followed, France didn't really have a good plan for war. First invade Saar, but with a manpower and backing up so lacking that Germany could retake it and put pressure on marginot line with a token force. Not committing enough men for an initial push and not having a good enough logistics network to get started was a big flaw of the French.
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e939cc No.181354
>>180799
I live pretty hard and far into the woods, only thing I haven't nailed down yet is a wife.
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b953b6 No.181358
>>180941
> Personal bailouts/UBI/load forgiveness is not likely to happen.
Inflation should cover those. A really big problem especially for western Europe is that wages have been stagnant during 2008-2015. It saw an increase during 2015-2020 (before covid hit), but this increase is below inflation for all those years. Especially if you look at bubbles in housing markets.
So with wages being stagnant the pressure of debt gets bigger. House prices going sky high causes havoc among people aged 18-28 because they can't get a mortgage for even shitty ghetto tier housing. Meaning they will stay with parents for a lot longer if they are able to. This financial insecurity coupled with easy rewards + online (non commitment) dating has a side effect of less families being created overall.
These things won't be solved regardless what decision makers will decide since solving this goes against the profits of big banks, central banks and financial institutions such as blackrock, vanguard, state street.
>>180964
> People having less money to spend means less demand for meat.
Meat isn't that expensive if you buy the cheaper parts and also buy in bulk. Higher quality meats and restaurants feel it the most if people have less to spend, since food is an essential product for the population.
> Farming
Biggest threat to it for US is re entrance into Paris climate accord under Joe Biden. Extra regulations would sink into farming profits pretty hard. In this scenario if the US doesn't adequately help the affected farms, likely China will try to buy them up. Similar stuff is happening in my country (Netherlands).
>>180985
Eastern Europe is probably the next best thing. Lots of continuous growth thanks to being former Soviet Union states and below western countries in economic power. They are in the EU which gives them the money and economic allegiance to grow every year even if their economic policies are made by inept policy makers.
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6639f0 No.181359
>>181354
Do you have savings and stockpiles? Wives will be a dime a dozen, you may as well get 4.
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6639f0 No.181360
>>181358
>stagnant wages
I'm betting on decreasing wages in the US. The rest of what you said here is solid.
>Eastern Europe
Its biggest market is Western Europe, which also doesn't have a rosy outlook.
In 2030, Chinese economy is projected to be as large as the US + Europe combined.
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6639f0 No.181361
>>181360
Meant those to be bold. It's been a while since I've used this site/8chan
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b953b6 No.181372
>>181360
> I'm betting on decreasing wages in the US. The rest of what you said here is solid.
A decrease in wages is unlikely, a decrease in overall purchasing power very likely.
> Its biggest market is Western Europe, which also doesn't have a rosy outlook.
It is a big market, but only Germany is looking nice when it comes to future projected growth. France is economically a chaos (was already the case before covid, but covid made it much worse). UK left the EU and therefore is in great economic uncertainty for years now. Norway is performing well, countries like Denmark, Sweden, Netherlands and Belgium have the issue of stagnant wages, expensive houses and a lower purchasing power. Industries there are also hit by strict adherence to Paris climate accord goals.
Southern Europe suffers from debts and industries that can't compete with north / west. They're also too expensive compared to the east. Eastern European countries in the EU have the most growth going for them within the EU. Investments there will continue to give good growth numbers for a number of years.
> In 2030, Chinese economy is projected to be as large as the US + Europe combined.
Not unrealistic. A report I read by WEF on 4th industrial revolution (AI) claims that China can enhance and optimize a lot of its production processes. China still hasn't optimized everything yet in their country but they're slowly doing it, it makes their economic output even larger. There are a lot of areas China can get easy gains from that are already exhausted in western / northern EU and USA. If you read news sources from China (e.g. China daily) and see the outline of what their party wants it's exactly that kind of optimization of processes along with more innovation coming out of their country in the next 5 years. It wouldn't surprise me if after just 5 years, China's GDP would be 1.5x that of USA.
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6639f0 No.181377
>>181372
There are people who have already been rehired at 40% of salary. Some people have managed to avoid losing their jobs, but with drastic reductions in hours worked.
You're looking at a deflationary depression in the US. Debts will not be able to be serviced. Inflation isn't on the cards.
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86c85b No.181413
>>181352
Want an audiobook version of the economist whose plan they used? It is pretty good I have listened to it three times.
Gottfried Feder – Manifesto for the Abolition of Enslavement to Interest on Money
https://videos.utahgunexchange.com/watch/gottfried-feder-manifesto-for-the-abolition-of-enslavement-to-interest-on-money-1919-full-audio-book_hQ9DcxljAkwctY8.html
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