Great Depression of 2016

[hemet dennis]

Dennis, the banks have to stay solvent. If the government is taking part of the interest they earn on their deposits with the Fed, the banks will have to make that up by increasing interest on loans they make and decreasing interest paid on deposits.

Oh. I see the problem you are having, you are confusing dividends with interest rates.
Your link is talking about dividends paid to banks on the stack they own in the Federal reserve system. That is a small amount of any banks assets, and has zero to do with any interest rates. They will still make the same interest on their deposits with the FED ! That is currently .25%, so not much of a money maker.

Where is it you come up with these claims, the funny papers ?

 

[hemet dennis]

This should bring out the criers

http://www.cnbc.com/2015/10/11/the-...ns-no-social-security-increase-next-year.html

 

[rufus]

The link to this article is submitted for your reading and evaluation. Let's hear opinions on it. On the face of it, it is somewhat scary. Notice that it is provided by "Russia Today." Sometimes, they publish things that the US press media will not publish.

https://www.rt.com/op-edge/318986-america-bomb-society-crisis/

 

[hemet dennis]

The link to this article is submitted for your reading and evaluation. Let's hear opinions on it. On the face of it, it is somewhat scary. Notice that it is provided by "Russia Today." Sometimes, they publish things that the US press media will not publish.

https://www.rt.com/op-edge/318986-america-bomb-society-crisis/

From the article,
"I am not predicting exactly this scenario for the US or for any other country. I am saying that all the ingredients are there for complete breakdown and large-scale deaths given the right initiating incident."

The story doesn't give all the ingredients for any breakdown. The first one was that we can't get food if something happens. They said, "A simple break in that supply line would clear the shops out in days." a simple breakdown wouldn't do that. It would take a massive breakdown in the transportation system. They didn't give even the simplest clue as to how that could happen. It's like saying if pigs learn to fly there will be a massive shortage of umbrellas, so you better go buy all the umbrellas you can find.

The reason a lot of the U.S. press wouldn't print something like this, is because there is not a shred of journalism is this. This is just running around saying the sky is falling.

That's why a lot of these publications are called the funny papers.

 

[rufus]

Dennis, that is what I thought your reaction to the article would be. The writer knows about the USA, but does not know the USA.

What really concerned me was that the British government would bring an infected person back to London, and then allow her to circulated in the population. That is plain stupid in my book. It appears that the virus remains with the individual even after they appear to have recovered.

Just as it appears our economy has recovered, we find out that the virus is still with us. http://www.newsmax.com/Finance/Stre...il_job=1640089_10192015&s=al&dkt_nbr=4ifuz7f3

Walmart is a major importer of Chinese merchandise. I would not be sad to see them go when and if it ever happens.

Here is another business that is reaping a bitter harvest: http://www.businessinsider.com/mcdonalds-franchisees-say-the-brand-is-in-a-deep-depression-2015-10

I would not miss either of these companies.

 

[hemet dennis]

Dennis, that is what I thought your reaction to the article would be. The writer knows about the USA, but does not know the USA.

What really concerned me was that the British government would bring an infected person back to London, and then allow her to circulated in the population. That is plain stupid in my book. It appears that the virus remains with the individual even after they appear to have recovered.

Just as it appears our economy has recovered, we find out that the virus is still with us. http://www.newsmax.com/Finance/Stre...il_job=1640089_10192015&s=al&dkt_nbr=4ifuz7f3

Walmart is a major importer of Chinese merchandise. I would not be sad to see them go when and if it ever happens.

Here is another business that is reaping a bitter harvest: http://www.businessinsider.com/mcdonalds-franchisees-say-the-brand-is-in-a-deep-depression-2015-10

I would not miss either of these companies.

If Walmart closed up tomorrow, there would be other stores bringing in the same Chinese goods to sell. The American consumer wants the Chinese good, and will continue to buy them. Just as Americans have become tired of McDonalds, they haven't slowed buying fast food, the number of companies selling it has expanded. The market place is an ever expanding and changing place. Look at Sears and J.C. Pennies, and Kodak, they didn't move with the market and lost. That's how business cycles work, the wagon wheel maker that didn't change to making tires died.

A virus that spreads well in Africa doesn't do well in a developed country. What happened to the hysteria here when the guy died in Texas ? You had people crying that we were all going to die. Thankfully most people are reasonable and don't see that the sky is falling every other day.

Here read this, it's not like most of your links that predict dome and gloom, it shows what has happened.
http://www.cnbc.com/2015/10/14/what-china-selling-us-treasurys-really-means-commentary.html

Still think that Chinese currency will be the new reserve currency ?

 

[rufus]

Well, the IMF meets tomorrow. I guess we will find out.

 

[hemet dennis]

Well, the IMF meets tomorrow. I guess we will find out.

Find out what ? The day the sky falls ?

 

[mrchicks]

Actually, this is true:

"Food supply logistics are extended, sometimes stretching thousands of miles. The shops have nothing more than a few days’ stock. A simple break in that supply line would clear the shops out in days."

OTR trucks are rolling warehouses, stores have about three days worth of food/toilet paper, etc. at any given time. It's called "just in time" stocking in the industry, factories often have to slow or stop a production line until the truck gets there with parts. If the trucks stopped rolling, the grocery stores would be empty in three days.

 

[hemet dennis]

Actually, this is true:

"Food supply logistics are extended, sometimes stretching thousands of miles. The shops have nothing more than a few days’ stock. A simple break in that supply line would clear the shops out in days."

OTR trucks are rolling warehouses, stores have about three days worth of food/toilet paper, etc. at any given time. It's called "just in time" stocking in the industry, factories often have to slow or stop a production line until the truck gets there with parts. If the trucks stopped rolling, the grocery stores would be empty in three days.

The point is that no little thing is going to stop the trucks from rolling.
I worked in factories and never had a line stop and wait for a part to be delivered.
All the big stores and big suppliers have massive local warehouses.