Global Depression 2022 - Time to do the Breadline Boogaloo!

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Who is going to get hit the hardest?

  • North America

  • South America

  • Asia

  • Europe

  • Australia

  • Africa

  • The Middle East

  • Everyone's fucked

  • Nothing will happen


Results are only viewable after voting.
Apparently they're planning on meeting 3 to 5 more times this year, at least. So we could see the possibility of 5 more interest rate hikes, depending on how OH SHIT they go behind the scenes.

We officially live in interesting times.
 
FWIW, Russia's interest rate is 8.5%

I think our problem is that our debt to GDP ratio is beyond banana republic level. We lack the means to pay off our debt with taxes. Another caveat we have is deficit spending is governance on easy mode. If we increase our interest rates, we'll have to offset government spending with debt interest payments. There will be hard choices made, and I don't think it will be in Diversity and Inclusion Efforts. Hopefully, this is just another theory that I believe about government which will be swept aside by reality. I remember when we had some degree of justice in our legal system. It wasn't total, but corrupt politicians did resign from time to time. Those were the days.

Some billionaire back in 2009 wrote an article about deficits and greenhouse gas emissions. Maybe it is all bullshit since we still have icebergs and winter. But as far as the deficit goes, we have surpassed that with a dozen trillion dollar coins since the collapse of 2009.
Because of this gigantic deficit, our country’s “net debt” (that is, the amount held publicly) is mushrooming. During this fiscal year, it will increase more than one percentage point per month, climbing to about 56 percent of G.D.P. from 41 percent. Admittedly, other countries, like Japan and Italy, have far higher ratios and no one can know the precise level of net debt to G.D.P. at which the United States will lose its reputation for financial integrity.
 
Was 8.5%. It's 20% now and has been for a couple weeks.

Imagine that, a country battens down the hatches and does some painful but necessary financial positioning. We are still #1 for now but the cracks have been showing for a while and no amount of rate hikes will actually help us. Russia is taking the L now so they can stimulate later. We already did that and used up all the fuel in the tank.
 
Isn't it a little too late to pump the brakes? Should have done it way back in 2008.
Correct.

At this point nothing can stop what's coming. Worse, they weaponized SWIFT, meaning hahaha, no Petrodollar safety net.

All of our sins will be remembered. With significant interest, apparently.
 
Is it just me or does the current price of silver make no fucking sense? Gold seems to be okay, but it seems like the silver etf market is completely decoupled from the physical market, like they’re completely different assets.
 
Is it just me or does the current price of silver make no fucking sense? Gold seems to be okay, but it seems like the silver etf market is completely decoupled from the physical market, like they’re completely different assets.
I recall reading, somewhere on this hellsite, that the silver price is manipulated to hell and back in comparison to other metals. I don't recall the reasoning behind the claim, though.
 
The good thing about that is silver is still pretty reasonable to buy into right now.

If the economy gets worse and it becomes valued in a more reasonable ratio to gold and is accepted in the wild, it will skyrocket.

OTOH is things get back to normal, it will stay about where it is. No way I would buy a lot of gold now to see it go back to $1800. But silver at $25 that drops to $23 is a bit less painful.
 
I already have a garden but I'm still thinking about whether or not I should expand it. I'm gonna be growing potatoes in buckets but I'm thinking of just getting more buckets and using non lawn space instead. I'm worried about the potential fertilizer shortage but composting can definitely fix that plus my area is giving out free compost bins.

I'm also gonna get a pressure canner soon to increase my food storage capabilities as well.
Update from me. Got the free compost bin. Currently trying to do hot composting so I can get a lot of dirt fast. I think my brown and green ratio is pretty okay but if it doesn't heat up, I'm going to add more nitrogen.

This is the one I got for free. It's like 30 something dollars on amazon. It's just a roll of plastic but it does its job. I put a tarp over it since I'm trying to keep it warm and let the decay do its magic.
image_2022-03-17_214349.png

I'd like to do this method twice and hopefully when the grass gets long enough, I can cut it and get some greens for a second pile. I don't like the idea of using kitchen waste because the bin isn't pest proof and we have raccoons in our area. Really don't want to wake up in the morning and see the yard ransacked because they smelled something and they absolutely wanted to get at it. I know people have said to bury it within the pile but I'm just not gonna chance it.

Doing this method two will definitely give me enough dirt for my garden and the containers for the potatoes.
 
Update from me. Got the free compost bin. Currently trying to do hot composting so I can get a lot of dirt fast. I think my brown and green ratio is pretty okay but if it doesn't heat up, I'm going to add more nitrogen.

This is the one I got for free. It's like 30 something dollars on amazon. It's just a roll of plastic but it does its job. I put a tarp over it since I'm trying to keep it warm and let the decay do its magic.
View attachment 3082174

I'd like to do this method twice and hopefully when the grass gets long enough, I can cut it and get some greens for a second pile. I don't like the idea of using kitchen waste because the bin isn't pest proof and we have raccoons in our area. Really don't want to wake up in the morning and see the yard ransacked because they smelled something and they absolutely wanted to get at it. I know people have said to bury it within the pile but I'm just not gonna chance it.

Doing this method two will definitely give me enough dirt for my garden and the containers for the potatoes.
that's the kind I have for my pile! we're compost twins!

I put kitchen scraps in there and I don't have any trouble with pests. I do have an outdoor cat so that probably makes a difference, but I also live near a river and all my neighbors have chickens and there are tons of rats. Just don't put meat, dairy, or anything with cooking fat on it.

you can get infinite amounts of horse poop for free if you are willing to haul it yourself
 
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Was 8.5%. It's 20% now and has been for a couple weeks.

Imagine that, a country battens down the hatches and does some painful but necessary financial positioning. We are still #1 for now but the cracks have been showing for a while and no amount of rate hikes will actually help us. Russia is taking the L now so they can stimulate later. We already did that and used up all the fuel in the tank.
Got to love Putin. Erdogan thinks lowering interest rates will beat inflation somehow. Maduro just prints money. Meanwhile Russia is under some of the most restrictive sanctions ever implemented and they're still trying to pay back their foreign debts. Sure its an aggressive kleptocracy, but at least its a fiscally responsible one.
 

If you want to see red keep on reading holy moly some of these bureaucracts are wall ready .

Some people want to put more land under cultivation. Scottish farmers and planners have asked the government to allow farmland programmed for “rewilding” to be put back into production in response to anticipated food shortages. But that’s too sensible for our green elites. Scotland’s Minister for Green Skills, Circular Economy and Biodiversity Lorna Slater — yes, that’s her full title — has flatly refused. According to Slater, “We are still in a nature emergency that hasn’t gone away . . . so it’s a no.”

Nature emergencies outrank human emergencies in the green world, so that’s not a surprise. Voters may feel differently as prices skyrocket

And

The island nation of Sri Lanka offers a stark warning. A green experiment in abandoning artificial fertilizer there — encouraged by the Rockefeller Foundation — was a “brutal and swift” economic and humanitarian disaster, Foreign Policy reports.

“Against claims that organic methods can produce comparable yields to conventional farming, domestic rice production fell 20 percent in just the first six months. Sri Lanka, long self-sufficient in rice production, has been forced to import $450 million worth of rice even as domestic prices for this staple of the national diet surged by around 50 percent. The ban also devastated the nation’s tea crop, its primary export and source of foreign exchange.”

FP continues: “Human costs have been even greater. Prior to the pandemic’s outbreak, the country had proudly achieved upper-middle-income status. Today, half a million people have sunk back into poverty.”

Sri Lanka’s policy, which FP describes as a “farrago of magical thinking, technocratic hubris, ideological delusion, self-dealing and sheer shortsightedness,” imposed enormous human damage on the nation. But don’t worry — the government and NGO officials behind it won’t miss any meals. Consequences are for the little people.

With the triple-barreled threat of inflation, soaring fuel prices and shrunken food supplies, the world faces something like the same fate, and once again those responsible are unlikely to pay the price. (But maybe some will. After all, food shortages led to the Arab Spring riots and the overturning of governments.)

Regardless, the world’s policymakers need to take a less casual approach to the well-being of the world’s population. That very much includes those in the Biden administration. Agriculture Secretary Tom Vilsack’s response to concerns about fertilizer and food shortages: “Maybe sacrifices are necessary.” You can rest assured Vilsack won’t be the one making them.
 
A green experiment in abandoning artificial fertilizer there — encouraged by the Rockefeller Foundation — was a “brutal and swift” economic and humanitarian disaster, Foreign Policy reports.
Taking advice on agriculture from a group that has spent decades advocating population control in the Third World is like taking advice from a deathfat on dieting. You get what you fucking deserve.
 
Taking advice on agriculture from a group that has spent decades advocating population control in the Third World is like taking advice from a deathfat on dieting. You get what you fucking deserve.
In all likelihood, said "advice" probably came with a pile of money.
 

If you want to see red keep on reading holy moly some of these bureaucracts are wall ready .

Some people want to put more land under cultivation. Scottish farmers and planners have asked the government to allow farmland programmed for “rewilding” to be put back into production in response to anticipated food shortages. But that’s too sensible for our green elites. Scotland’s Minister for Green Skills, Circular Economy and Biodiversity Lorna Slater — yes, that’s her full title — has flatly refused. According to Slater, “We are still in a nature emergency that hasn’t gone away . . . so it’s a no.”

Nature emergencies outrank human emergencies in the green world, so that’s not a surprise. Voters may feel differently as prices skyrocket

And

The island nation of Sri Lanka offers a stark warning. A green experiment in abandoning artificial fertilizer there — encouraged by the Rockefeller Foundation — was a “brutal and swift” economic and humanitarian disaster, Foreign Policy reports.

“Against claims that organic methods can produce comparable yields to conventional farming, domestic rice production fell 20 percent in just the first six months. Sri Lanka, long self-sufficient in rice production, has been forced to import $450 million worth of rice even as domestic prices for this staple of the national diet surged by around 50 percent. The ban also devastated the nation’s tea crop, its primary export and source of foreign exchange.”

FP continues: “Human costs have been even greater. Prior to the pandemic’s outbreak, the country had proudly achieved upper-middle-income status. Today, half a million people have sunk back into poverty.”

Sri Lanka’s policy, which FP describes as a “farrago of magical thinking, technocratic hubris, ideological delusion, self-dealing and sheer shortsightedness,” imposed enormous human damage on the nation. But don’t worry — the government and NGO officials behind it won’t miss any meals. Consequences are for the little people.

With the triple-barreled threat of inflation, soaring fuel prices and shrunken food supplies, the world faces something like the same fate, and once again those responsible are unlikely to pay the price. (But maybe some will. After all, food shortages led to the Arab Spring riots and the overturning of governments.)

Regardless, the world’s policymakers need to take a less casual approach to the well-being of the world’s population. That very much includes those in the Biden administration. Agriculture Secretary Tom Vilsack’s response to concerns about fertilizer and food shortages: “Maybe sacrifices are necessary.” You can rest assured Vilsack won’t be the one making them.
Plague, War, Famine... here we go.
 
I do not trust anything written after 2018 about gardening or health.

Look into permaculture. Geoff Lawton, Sepp Holzer, Joel Salatin... see what they and others like them do. Watch Back To Eden if you can stand the Christian chatter. Remember that plants have grown on this earth far longer than fertilizer companies have been around.

permies.com

Youtube has some great stuff too
praxxus55712
Huw Richards
Davidthegood
Seanjcameronuk

There are tons more.
 
Hat tip to @wopirish

https://economictimes.indiatimes.co...dities-officials-say/articleshow/90199586.cms

Um..... Fuck. Good bye petrodollar.



Important bits.
India is considering taking up a Russian offer to buy its crude oil and other commodities at discounted prices with payment via a rupee-rouble transaction
...
Work was ongoing to set up a rupee-rouble trade mechanism to be used to pay for oil and other goods, the official said.

Way too many countries are suddenly OPENLY exploring using non USD for transactions for me to feel confident.
So. Yeah. It's not just the Saudis. India is considering dropping the petrodollar and trading directly with Russia.

Good thing we have a strong intelligent leader who is on the ball in charge of the United States in order to get us through the next few years, because it sounds like we're about to run our Economy off a goddamned cliff.
 
I do not trust anything written after 2018 about gardening or health.

Look into permaculture. Geoff Lawton, Sepp Holzer, Joel Salatin... see what they and others like them do. Watch Back To Eden if you can stand the Christian chatter. Remember that plants have grown on this earth far longer than fertilizer companies have been around.
Yeah but some people have their lives subsidized in perpetuity from fertilizer production and purchasing. Lotta shekels (and jobs I guess) are coming from that; just potash mining alone can basically prop up an entire town’s/county’s economy.

Permaculture is tits though, that and the aquaponic meme are genuinely interesting things that I think could be utilized to help people become more agriculturally self sufficient, even in more arid climates.
 
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