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Financial Armageddon!!
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An update on some of the financial crisis developing in the World right now.
Evergrande (China) hasnt traded since March and owes over 300 billion
Tech layoffs (people losing their jobs) is growing in US, around 6000 per month Feb - April has now ballooned to 18,000 per month May - June.
Credit card usage has jumped in US 20% in last month. (people have no money)
Inflation in Germany is over 25%
In my view the US stock markets are only a third of the way down to where they are headed (NZX will follow)
Unemployment worldwide will steadily increase
Food shortage crisis...this is the kicker, this is going to be huge and impact your average person causing unrest, rioting and a massive rise in crime. This is building as we speak and a perfect storm is causing this headed by a spike in fertilizer price and diesel prices, lets see what develops over the next few months.
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Originally posted by donna View PostInflation running riot in the USA - interest rate rise coming?
Here's a question for you more learned and informed -
If everywhere is going through the same challenges with inflation, and rising costs, - then next is companies dumping staff i.e. redundancies - how can there be a mass exodus of Kiwis from NZ?
Or will it be just our top tradies, and professionals tempted by more $$ - and leaving NZ with their next job already in hand?
cheers,
Donna
"People are just beginning to wake from their complacency. The herd is starting to get nervous!" (Adam Taggart)
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"I hope I am "positioned properly," with no debt and stable tenancies."
No debt is very good positioning.
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Inflation running riot in the USA - interest rate rise coming?
Here's a question for you more learned and informed -
If everywhere is going through the same challenges with inflation, and rising costs, - then next is companies dumping staff i.e. redundancies - how can there be a mass exodus of Kiwis from NZ?
Or will it be just our top tradies, and professionals tempted by more $$ - and leaving NZ with their next job already in hand?
cheers,
Donna
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19 May 2022Originally posted by chook View PostThe general public don't realise the dire situation we are in, or what's coming...Kiwi exodus overseas, massive inflation (fuel and food prices) dropping property market, dropping kiwi saver.
"Happy days are here again" NOT. Buckle in ladies and gentlemen; it's going to become turbulent.Originally posted by chook View PostI posted this in March, and now most people are waking up to the fact. "What's happening here? My wealth is slowly disappearing!"
Here's the bad news....... There are a lot questioning "Are we headed for a Recession?" The answer is we are already in the early stages of a recession. It started at the beginning of 2022 and is just getting into the swing of things. We have a long way to go yet. This is going down and it's going down BIG!
Those that are not positioned properly will get wiped out. I am not joking.
Hard to fault those predictions of yours, the way things are going as at June 2022.
You join a very exclusive few.
I hope I am "positioned properly," with no debt and stable tenancies.
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Originally posted by chook View Post
The general public dont realise the dire situation we are in, or whats coming...Kiwi exodus overseas, massive inflation (fuel and food prices) dropping property market, dropping kiwi saver
"Happy days are here again" NOT...Buckle in ladies and gentlemen its going to become turbulent ..
Heres the bad news....... There are a lot questioning "Are we headed for a Recession?" The answer is we are already in the early stages of a recession it started at the beginning of 2022 and is just getting into the swing of things, we have a long way to go yet. This is going down and its going down BIG!
Those that are not positioned properly will get wiped out. I am not Joking.
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Originally posted by chook View Post
The general public dont realise the dire situation we are in, or whats coming...Kiwi exodus overseas, massive inflation (fuel and food prices) dropping property market, dropping kiwi saver
"Happy days are here again" NOT...Buckle in ladies and gentlemen its going to become turbulent ..
Some things happening worldwide which are not being shown on MSM..
Sri Lanka is bankrupt with major rioting
Another 'Good & Safe' Chinese property development company Sunac has also defaulted on a $29 million dollar bond debt payment and has said no more payments will be made.
3 banks in China have frozen $178 Million of deposits
German inflation at over 20%
Do I have to mention US stocks tanking now down around 20% for the year and Bitcoin?
Kiwis are just now wondering why their Kiwi savers are not looking too good..
But wait theres more...there are indications fuel prices could go A LOT HIGHER, and world food shortages wil ramp up in the coming months
Be ready for more updates..
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And on a political level, it will likely be Labour & the Watermelon party’s main supporters who suffer the worst.
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Originally posted by chook View Post
The general public dont realise the dire situation we are in, or whats coming...Kiwi exodus overseas, massive inflation (fuel and food prices) dropping property market, dropping kiwi saver
"Happy days are here again" NOT...Buckle in ladies and gentlemen its going to become turbulent ..
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Originally posted by JBM View Post
Yes everyone average kiwis ... rich kiwis buying up property etc Councils ...are Govt most of all going to the FED for 60billion ... now at 0% FED rates not a big deal ...but with talk of 2%+ in time if not MUCH higher we are talking Billions just in interest payments...
Add in Property crash kicking the house of cards in NZ where 1 in 10 kiwis jobs are directly linked to the property market
Retail / tourism doomed etc ...
FUEL rocketing north hurting pretty much all sectors
NZ present GOVT DEBT 138 Billion ... if say they are having to pay 2% to service the interest =$2.76 Billion per ann
https://www.debtclock.nz/
Or maybe NZ Govt debt is $155 Billion ?
https://commodity.com/data/new-zealand/debt-clock/
"Happy days are here again" NOT...Buckle in ladies and gentlemen its going to become turbulent ..
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