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Just Saying 2
Porter:
--- Quote from: Dennis Vogel on April 21, 2020, 06:06:38 AM ---But sooner or later this is going to happen:
Rev 18:17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
--- End quote ---
But, that's a good thing right?
Rev 18:20 Rejoice over her, thou heaven, and ye holy apostles and prophets; for God hath avenged you on her.
Rev 19:2 For true and righteous are his judgments: for he hath judged the great whore, which did corrupt the earth with her fornication, and hath avenged the blood of his servants at her hand.
ZekeSr:
Besides badly hurting the U.S. oil industry, Saudi Arabia and Russia really did shoot themselves in the foot by opening up the spickets full blast to produce a deliberate glut. One of their main objectives was to knock out the U.S. shale production which is more expensive to extract than the regular pumping of oil. The pressure on our producers was starting to work. But then… along came a virus that shut down most of the world. And the demand for oil plummeted. Perfect timing.
Mr. Maloney mentioned the Weimar hyperinflation which occurred in Germany after WWI. It’s value against the American dollar became no better than play money. It got to the point where, when I was a kid back in the 50’s, people still talked about a barber shop in town that had been wall-papered in German marks from the Weimar Republic. I never saw it, but it was even mentioned as a topic of interest by one of my teachers in school.
The Fed doesn’t even have to print the money anymore. They just dump it into the system electronically. Hyperinflation is virtually inevitable.
The total value of all the world’s money is about 90 trillion dollars.
The total of all the world’s debt is about 215 trillion dollars which is (debatably) offset by the value of the world’s developed real estate at 217 trillion.
But the derivatives market is the real boogie man. It’s a financial leverage system so convoluted, intertwined and manipulated that no one really knows the true amount. It’s estimated at 544 trillion on the low end and 1.2 quadrillion (yes, quadrillion) on the high end. It was the derivatives market the caused the 2008 debacle.
Doug:
Hi Zeke,
Is it wrong to say if hyper inflation is inevitable then most of the worlds population will die from being homeless and having no food and heat? Back in the 50’s it was a time when many had livestock and or farmed. Today most do not and social security, pensions, savings are basically worthless or possibly gone. Governments are past bankrupt now. Even gold will at some point become worthless. It would be a total lawless society. Death if living in fear of virus, collapsing economies, etc. is not a bad alternative. However, we still do not know God’s intentions. It may not be our human reasoning and understanding.
Please tell me where my thinking is wrong.
Rene:
--- Quote from: Dennis Vogel on April 21, 2020, 06:06:38 AM ---
As you say Doug, we may be in a position of having no choice but to trust God to get us through this.
--- End quote ---
Excuse me guys, but when has this never been the case? Trust God ALWAYS. "Thy will be done". Keep the faith! :)
ZekeSr:
--- Quote from: Doug on April 21, 2020, 11:59:41 AM ---Hi Zeke,
Is it wrong to say if hyper inflation is inevitable then most of the worlds population will die from being homeless and having no food and heat? Back in the 50’s it was a time when many had livestock and or farmed. Today most do not and social security, pensions, savings are basically worthless or possibly gone. Governments are past bankrupt now. Even gold will at some point become worthless. It would be a total lawless society. Death if living in fear of virus, collapsing economies, etc. is not a bad alternative. However, we still do not know God’s intentions. It may not be our human reasoning and understanding.
Please tell me where my thinking is wrong.
--- End quote ---
Hi Doug,
My own personal opinion is that hyperinflation is inevitable and most credible financial experts seem to be on the same page, at least the ones willing to speak up. However, I hesitate to speculate on how bad things could get. Only God knows the day and time of anything. One thing I have seen in my own lifetime is that you really-really don't know. For example: I think back to the Cuban missile crisis when I was 12 and how close we came to the brink... even closer than anyone knew at the time. It was only later that the hard details came out. WWI, the Great Depression, WWII, Aids, Ebola and SARS were all supposed to be the beginning of the end. But they weren't. I certainly see what looks like a downward spiral, but there can always be another pullback from the edge of that cliff. Who knows? We could have a long way to go yet (or not) as we wait for another push. HIS will will be done.
Mike
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