Red October - Clif High and Greg Hunter (1 Viewer)

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Linda

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Long interview that ranged all over the place and back again. I grouped the info in topics and included additional info as needed, which appears as indents in italicized script.

In a previous post I noted that I take Clif's impressions as likely, as they are similar to mine. Everything is in flux, but I think we all can agree that pressures are rising and something has to pop.

Red October

Hyper-inflation - confluence of events that join up
Congress did not raise debt ceiling, which means important services, as well as debt payments are in jeopardy.
  • In the US there is a law established in 1917 that limits the amount of money the country can borrow to pay its debts - the debt ceiling.
  • Each year a budget is passed with fixed expenses such as benefits for older people (social security), as well as benefits for veterans (veterans administration) utilities for federal buildings, pay for postal workers and military, and so on. It also includes a bunch of special interest crap AND payments on previous credit. In the real world, the budget would reflect the income (our taxes and fees), but nooooo.
  • The US borrows money by selling treasury notes and other securities to people, businesses and other countries. As the bills mature, payments are made to the holders. Defaulting on the security payments is devastating because it lowers the ratings and the likelihood people and other countries will buy more. In 2020, the top foreign holders of US securities were Japan and China with a total of about 1,300 billion dollars.
Evergrand - Hong Kong / China
Second largest real estate company in world, and the third-fifth largest are tied to Evergrand. They all have massive holdings in China
  • Removed from stock-exchange today while perhaps another company is negotiating a cash infusion or buy-out; however, this will only kick the can down the road
Global derivatives market will be affected by a crash of Evergrand because it owns so much.
  • Derivatives are financial instruments such as futures contracts or options based on an underlying value of real estate for example. The people who play in this market are speculators and margin traders. It is crazy world where things can turn on a dime and people can make or lose extraordinary amounts of money.
End of fiscal year for US is September 30th, which triggers all kinds of reports that will show hyper-inflation. The Federal Reserve is attempting to buy money and pull money out of the system to limit hyper-inflation and may see reverse repo actions.
  • Repo Market - Federal Reserve goes to a bank, asks for loan with bonds as collateral, and promises to return to buy back loans at value plus a little. It is like a pawn shop.
  • Reverse Repo Market - Fed goes to bank, asks for loan with bonds as collateral, and promises to return to buy back with a high interest rate. This move takes dollars away from loans to people or businesses unless they are willing to pay a higher interest rate than the Fed.
Hyper-inflation is starting to hit spending and supply chains. Government contracts may have ceilings on how much can be spent on certain items (example - gasoline). Or, just meeting the rising expanses for things like gasoline and copper may suck up the majority of the funds, leaving far less for other budget items. For many companies, it has become a dance of income and expenses.

Between now and end of year, hyper-inflation will become obvious in the real markets of food, bitcoin, silver and gold, for example (not fake markets like stock market). We will see the last gasping breath for these markets, much like what went on in Venezuela. However, we have the means to overcome and move on - especially considering it will be without the elite overlords.

Cash is king in crises. Dollars will work even though Fed Reserve may not exist. Suspect a temporal marker about reconstituted government will leap-frog into a digital trading mechanism perhaps based on the technology of Reggie Middleton. Some people tout a new system but why is that necessary when we can develop personal trades - don’t want any central control.
Digital dollar systems will crash, which includes social security checks. :oops:

Near 100% of BLM and ANTIFA got the vax. Many people will pass from the vax, but when they pass, their friends and families may take revenge on people who pushed it. Data suggested that government/business people will be targeted. Looking for temporal markers that will show when this is coming. One is a publicly known person on a yacht.

By end of October, 30% of Normies will wake up to some level, which will push us over the threshold line and will begin waking up more Normies. Two periods of time coming up October 4-10th and October 24-28th will have emotional tension reactions. Maybe bond crises in China falls over to rest of world - not a single event, but several. Data sets show unusual level of high intensity emotional release language that is long-lasting - cannot help yourself with your emotions. Not getting joy but anger, fear - some people will have positive reaction, but normies will have such intense emotions that they will be driven to express them publicly.

Will Trump come back? Old Arab saying - if you don’t punish the guilty, you punish the innocent. Absent justice, you will see revolution. Does not see Trump coming back immediately but has a role to play. We must clean-out the problems - understand how we got to this point - have adult conversations.

Australia - crescendo event? Acknowledge reality that Aussies are under the boot of tyranny by what they think is lawful government. Something is coming to which the term massacre can be applied. The censorship is so heavy that nuances about the meaning of this word are impossible to determine. However, there is long-lasting intensity surrounding this event that will be referred to in this way - something that sweeps across the country. For example - if all heads of state resigned at the same time, it would be a politically motivated situation of long-lasting intensity.

Gold and Silver - prices still within the mechanisms of elite control. Last 150 years, elite established the central banks and wanted a currency tied to a days work. Break-down of petro-dollar leads to freedom of precious metals value. Silver could be $600 per ounce, which cause problems for commodities. May happen in next months.

CCP trying to convert from export to consumer society. Timing of bonds, Evergrand, petro-dollars, and failing belt and road projects leading to financial implosion. CCP does not have public infrastructure in cities for basic services such as electrical and plumbing. People build their own service and bribe officials to connect to larger system. The result is a mishmash of poorly constructed infrastructure. Currency (yen) will be destroyed and will have to use gold and CCP wants it at a higher value (maybe 10 times what it is now) to cover Evergrand. Have to stabilize currency within a few months. Can only operate in the shadows but now everything is coming out - cannot win direct war but shadow war is now failing

Old system of hospital corporations starting to fracture. Staff leaving over jab mandates. Break-through cases of covid are filling hospitals. Other doctors are forming alliances, such America’s Frontline Doctors, to work outside the medical corporation model.
  • Also, without increase in debt ceiling medicare and medicaid expenses are not paid.
Healthy populations do not require vaccinations. Proponents see virus as having evil, attacking motives - just waiting for an unsuspecting person to come along. This is the fuel for the push to vaxx. The virus is a control mechanism in place of a shooting war. Obama was supposed to get rid of private guns. Then Hillary was supposed to get rid of constitution and sign the US into the UN Agenda. Now the elites are focusing on the energies of people - pushing fear and anxiety - trying to control the energies of the masses. Using MSM to pump the energies but not working now, which is why they are casting about for anything that might capture the public’s attention.

Just in time delivery system (for business) is gone. Still need trucks to make deliveries because our rail system is inadequate for this purpose. Many trucks are parked waiting on parts for repairs. Many of these parts come from China, which now is having its own problems. We will start parting-out trucks to send needed parts to other trucks, take to metal recycling, for machining into new parts, and inventions will blossom. This problem will set-off a country-wide restructuring and hopefully we have a leader that emerges to bring people together in this process.
  • I kept thinking of Mike Rowe and his projects to train people in the trades.
Multiple systems are in breakdown, which is akin to that of the Bronze Age, when the civilization just stopped and groups of people moved away and began anew. Alta data showed that 1.24 billion people would die. Rather than from the virus the deaths are from the vaxx. This type of depopulation agenda has been discussed for 40 years. Normies don’t understand that we have been in war with the elites all this time.

We are in Fourth World War (third was when the USSR collapsed). It is the globalists versus the population and the goal is to reduced population by 95%. Trump’s election derailed the process. Also, the Universe does not support continuous dominance. This world has been under the control of a death cult for 6,000 years. which is at the zenith, which means the decline is starting.

Deep State casting about for opportunity as the MSN becomes less important - fewer people watching. Looking for opportunity to make a splash with engineered news stories - get people whipped up to block attention away from things like the Arizona audit. Innocent people may be wrapped up incidentally. Now more people are aware if the DS, and they don’t know what to do. Beyond the voting audits, could be audits into government officials and finances. Info about the significant honorariums that officials receive will taint many, such as all the Supreme Court Justices.

Deep state is losing - turning on each other - what layer will normies wake up to - illegal election, ties to CCP, fake pandemic?

Dark November and December, but we have the means to come through.

 
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Linda

Linda

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More on Evergrand -

But first I'll explain this real estate disaster in a more direct way, as I've been through 2 crashes as a person in commercial real estate and finance. Companies had an easy time of borrowing money, and their sales and rental prospects could be easily fluffed up. Say you noticed that people were interested in luxury condos on the lake. The early developers got in and got out. Then the others came along and figured they could do the same. See how those 100 condos sold out - we'll be able to do the same. No one wants to hear the voice of reason who says there is limited market for this product and not an endless supply of buyers. When they don't sell, investors come in and buy them for rentals. So, the sales market still looks Ok and more condos are built. No one wants to hear the voice of reason who says those were not real buyers and those rentals now also compete for the market share. Now the last ones in have an empty condo development.

The dot.com bust was interesting, too. Companies came along and leased out office space, which they then finished out in outrageous ways. Imagine leasing half of a building and finishing out part of the ground floor (most valuable space) as a giant play room complete with huge swings. When the company's income did not grow as projected, they were gone and the owner was left with a lot of unusable space.

Oh wait - just one more. At the height of the collapses, entire office buildings sat empty. Owners were desperate to get tenants in - so much so that they were not careful about the leases. In one building, the lease was so poorly written that the tenant got a 10-year lease with no escalation in the rent that included utilities, maintenance, etc. The building was unsellable because the expenses to operate it exceeded the income from the lease.

These are examples that can give an inkling into the greed, stupidity, and insanity of real estate. I cannot begin to imagine the volume of properties associated with Evergrand companies.

Today we can report that the Evergrande situation is spreading.
A company by the name of Jumbo Fortune had a $260 million note coming due on October 3, 2021, that it says was backed by Evergrande. However, Evergrande apparently didn’t record this liability on its books. We have no word that this has yet been settled.
Earlier this morning two other companies in the China real estate business were identified in situations just like Evergrande. CNBC reports on Fantasia Holdings:
Ratings agencies have downgraded Chinese developers Fantasia Holdings and Sinic Holdings over risks from their strained cash flow situations.
Fantasia did not repay the principal amount of $206 million of a bond that matured on Monday, it said in a filing to the Hong Kong exchange…
…The fallout from Fantasia, however, would be smaller compared with Evergrande.
Evergrande is the world’s most indebted property developer with liabilities of $300 billion, while Fantasia has total liabilities of 82.9 billion yuan ($12.8 billion), according to its first-half financial statement.
Sinic is also facing solvency issues per CNBC:
The ratings agency [S&P] said that the Chinese developer is likely to default on its $246 million offshore dollar-denominated bond due Oct. 18. Sinic‘s local subsidiaries have already failed to make $38.7 million in interest payments on two onshore yuan-denominated bonds that were due Sept. 18, S&P said.
Sinic has total liabilities of $14.2 billion, its first-half financial statement showed. Shares of the Chinese real estate developer have been halted since Sept. 20.
The total debt of the companies above amounts to more than $400 billion or nearly half a trillion USD and this is just the beginning.

 
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Linda

Linda

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and this is just the beginning
The next part of the picture is that the banks who made the loans will take back the properties and attempt to sell or rent them on their own. Here, the departments were called REO (real estate owned), and the slang name was the "bad bank". Properties were sold or rented for whatever just to get them off the books because they could drag a bank down. This meant that people with normal, functioning assets also were in peril because now they were competing against abnormally low prices. Some of them went under, too. It was a shit-storm of gigantic proportions. How did those larger banks survive you might ask - remember the federal bail-outs? Did any of the little people get bailouts - nope.
 
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Linda

Linda

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Shortage of truck drivers is slowing down the movement of goods and supplies, which also has the effect of driving up prices. One Texas company took extreme steps to bring in new drivers. Meet the requirements and earn big money.

SAN ANTONIO — Imagine making $14,000 a week. That's what one Texas-based company is offering because of a nationwide truck driving shortage. When the pandemic hit many truckers left the industry because there wasn't as much product to haul and the rates to transport products like gasoline tumbled. Now that demand is back up, but with fewer truckers to haul products like gasoline, a massive shortage is looming.
And it's not just going to be gasoline. It's not going just going to be wood. You're talking about all your retail goods just like clothing, food, toilet paper, you name it," said Jim Grundy who is the CEO and owner of Sisu Energy.
He says the shortages aren't going to only take place this summer, but well beyond that. "That's the narrative that you're hearing," he said. "That this thing is going to last anywhere from two to four years. And it could be longer because the population's getting stronger."
At the end of 2018 there were an estimated 60,000 truck drivers needed. These drivers move nearly 71 percent of all freight in the U.S. As the demand for shipping increases the industry will need to hire about 1.1 million drivers over the next 10 years. That's an average of 110,000 each year. Grundy says changing laws are also having an impact.
I think the proposal is an eight percent corporate tax increase in the past couple of weeks was introduced. We're making it more and more difficult for these guys to get back on the road and these businesses open back up." That's why Sisu Energy is offering experienced drivers $14,000 a week. That is just over $60,000 a month. And in a year close to 3/4 of a million dollars! But you've got to have experience. Insurance companies won't insure you if you're not twenty five years old, if you don't have two years of experience. So as a new driver coming out, these opportunities aren't available to you," Grundy said.
Sisu Energy has job opportunities available in South Texas. To check them out click here.

 
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