ECON Deflation & Barter Economy Coming – Rick Ackerman-Greg Hunterman/

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Dozdoats

On TB every waking moment
rumble.com

Deflation & Barter Economy Coming – Rick Ackerman

There is much more in the 44-minute interview. Join Greg Hunter of USAWatchdog.com as he goes One-on-One with analyst Rick Ackerman, who is a professional trader famous for “Ricks Picks” for 9.2.23. T
rumble.com rumble.com
RT 44:14

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with analyst Rick Ackerman, who is a professional trader famous for “Ricks Picks” for 9.2.23.
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Industrial grade doom in this one. Not the usual suspects however. Some PM discussion, not much. Real estate prices already crashing for commercial/office buildings in big cities etc.
 
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glennb6

Inactive
deflation could happen, I could see that. But that would be precipitate a massive economic contraction to where only bare necessities are purchased. Prices on necessities (food, fuel) may not drop so hard, but anything else that could wait (until prices have dropped and stabilized) will have to wait. That sort of thud will be very loud as the economy grinds to as close to a halt as possible.

As for a barter economy... Not possible in a nation of 330M pop, not when almost all food originates on huge corporate farms at the head of the food chain. There may be flea markets like we have now, trying to sell second hand goods cheap. But this whole idea of growing your own food in your garden year round, and running down to the weekend farmers market for all other food needs is completely nuts.
 
West

West

Senior
I do think if all of a sudden government mandated regulations and enforcement was to disappear as well all the current stores couldn't get any restock. Plus no more government safety nets or the fed dollar becomes worthless.

After the initial die off, local market streets or centers will come back. In one form or the other.

About half the current population in the USA is dependent on the current government systems and fiat. Most will have to die only because they will feel that they are owed food, health, housing, phone, etc...with that attitude they will hang, shoot, cut or jump them selves to death.
 
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marsofold

Veteran Member
We raise a small flock of hair sheep for lamb meat. A substantial garden. A half dozen large black walnut trees near the house. 30 acres of hard woods for the wood stove. A working hand-pumped well on the side porch. Lotsa deer, guns, ammo, and a reloading outfit. Limited solar power. Even if the country's economy collapsed, we could survive.
 
20Gauge

20Gauge

TB Fanatic
Dozdoats said:
rumble.com

Deflation & Barter Economy Coming – Rick Ackerman

There is much more in the 44-minute interview. Join Greg Hunter of USAWatchdog.com as he goes One-on-One with analyst Rick Ackerman, who is a professional trader famous for “Ricks Picks” for 9.2.23. T
rumble.com rumble.com
RT 44:14

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with analyst Rick Ackerman, who is a professional trader famous for “Ricks Picks” for 9.2.23.
---------------------------
Industrial grade doom in this one. Not the usual suspects however. Some PM discussion, not much. Real estate prices already crashing for commercial/office buildings in big cities etc.
Click to expand...
pending the IRS announcement that all such transactions are still subject to income taxes.
 
20Gauge

20Gauge

TB Fanatic
glennb6 said:
deflation could happen, I could see that. But that would be precipitate a massive economic contraction to where only bare necessities are purchased. Prices on necessities (food, fuel) may not drop so hard, but anything else that could wait (until prices have dropped and stabilized) will have to wait. That sort of thud will be very loud as the economy grinds to as close to a halt as possible.

As for a barter economy... Not possible in a nation of 330M pop, not when almost all food originates on huge corporate farms at the head of the food chain. There may be flea markets like we have now, trying to sell second hand goods cheap. But this whole idea of growing your own food in your garden year round, and running down to the weekend farmers market for all other food needs is completely nuts.
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I only forsee some deflation, but not massive deflation. I see more of a case of stagflation. Higher than normal inflation with piss poor economic growth.

As far as the barter, all things being the same, I agree. Yet, I am betting millions will try to start gardens and will begin to harvest those fruit trees that they ignored before, etc.
 
Blacknarwhal

Blacknarwhal

Let's Go Brandon!
20Gauge said:
All I can think of are revenuers and how they were treated
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Never forget Wash's boy.

iu
 
Kathy in FL

Kathy in FL

Administrator
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night driver said:
Econ Ninja's comments exactly on Commercial Real Estate.

Pieces are starting to fall off the edifice. TRY not to be under it when the major parts come down (in the next couple of months).
Click to expand...

Not true in investment properties. Especially in multi-family, even if just a single duplex.

Anyone praying that their rent is going to come down due to this is smoking dope. The reason? The government is going to continue to live the high life off of investment property owners via property taxes.

Until government spending is brought under control you are not going to have affordable housing in most places. If municipalities aren't raising property taxes they will be raising sales taxes or adding regulatory fees of some type. Possibly all of the above.

And just wait until the Trump era tax cuts go away. Captial gains are going up and so are estate taxes.

If you don't have a plan you better getcha one as in right the frick now.
 
Kathy in FL

Kathy in FL

Administrator
_______________
20Gauge said:
I only forsee some deflation, but not massive deflation. I see more of a case of stagflation. Higher than normal inflation with piss poor economic growth.

As far as the barter, all things being the same, I agree. Yet, I am betting millions will try to start gardens and will begin to harvest those fruit trees that they ignored before, etc.
Click to expand...

I agree on your first paragraph, not so much on the second part. Why? Because people won't go back to work. There is a labor shortage with plenty of people capable of working but they just don't want to. They apply for disability for "covid" and "mental" reasons. They check in and check out just to get enough money to make do. That mentality is not what you need to grow a potted fern much less something that you can actually feed yourself with. An entire garden that is sufficient to provide a few meals a week? That is definitely not happening.

Then there is the issue that gardening requires financial input as well as physical input. People will look at that and go "to hell with that, I'll go on food stamps" which most of them are already applying for anyway.

I've come to the conclusion, based on 27 years in business, that by and large the human species are lazy as heck; mentally, physically, emotionally, and spiritually. They'd rather survive on mush than earn a steak in this life.
 
B

bracketquant

Veteran Member
marsofold said:
We raise a small flock of hair sheep for lamb meat. A substantial garden. A half dozen large black walnut trees near the house. 30 acres of hard woods for the wood stove. A working hand-pumped well on the side porch. Lotsa deer, guns, ammo, and a reloading outfit. Limited solar power. Even if the country's economy collapsed, we could survive.
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Many survivalists will be the target of the starving hoards, if the gov doesn't first take everything they've got, by Executive Order.
 
B

bracketquant

Veteran Member
Kathy in FL said:
I agree on your first paragraph, not so much on the second part. Why? Because people won't go back to work. There is a labor shortage with plenty of people capable of working but they just don't want to. They apply for disability for "covid" and "mental" reasons. They check in and check out just to get enough money to make do. That mentality is not what you need to grow a potted fern much less something that you can actually feed yourself with. An entire garden that is sufficient to provide a few meals a week? That is definitely not happening.

Then there is the issue that gardening requires financial input as well as physical input. People will look at that and go "to hell with that, I'll go on food stamps" which most of them are already applying for anyway.

I've come to the conclusion, based on 27 years in business, that by and large the human species are lazy as heck; mentally, physically, emotionally, and spiritually. They'd rather survive on mush than earn a steak in this life.
Click to expand...
I have to agree that the human species is lazy as heck about almost everything, except...emotionally.

There, many work overtime, constantly complaining about being the victim of their circumstances.
 
20Gauge

20Gauge

TB Fanatic
Kathy in FL said:
I agree on your first paragraph, not so much on the second part. Why? Because people won't go back to work. There is a labor shortage with plenty of people capable of working but they just don't want to. They apply for disability for "covid" and "mental" reasons. They check in and check out just to get enough money to make do. That mentality is not what you need to grow a potted fern much less something that you can actually feed yourself with. An entire garden that is sufficient to provide a few meals a week? That is definitely not happening.

Then there is the issue that gardening requires financial input as well as physical input. People will look at that and go "to hell with that, I'll go on food stamps" which most of them are already applying for anyway.

I've come to the conclusion, based on 27 years in business, that by and large the human species are lazy as heck; mentally, physically, emotionally, and spiritually. They'd rather survive on mush than earn a steak in this life.
Click to expand...
I agree with your comments. I had made the assumption no food stamps / food available.

But

You are probably correct. People these days expect to be given things.
 
20Gauge

20Gauge

TB Fanatic
Kathy in FL said:
Not true in investment properties. Especially in multi-family, even if just a single duplex.

Anyone praying that their rent is going to come down due to this is smoking dope. The reason? The government is going to continue to live the high life off of investment property owners via property taxes.

Until government spending is brought under control you are not going to have affordable housing in most places. If municipalities aren't raising property taxes they will be raising sales taxes or adding regulatory fees of some type. Possibly all of the above.

And just wait until the Trump era tax cuts go away. Captial gains are going up and so are estate taxes.

If you don't have a plan you better getcha one as in right the frick now.
Click to expand...
We have a local issue going on right now. A guy running for the local council hasn't paid his property taxes for something like 2 years and there is a requirement to be current in order to run.

He keeps saying he is willing to pay the taxes, but not the $300 per year in trash fees as they are not property taxes.

The city / county position is that they are now part of the property taxes.

This is the largest reason I hate property taxes. I can control my income or purchases ( income and sales taxes ), but I have not control over property taxes. It kills me.
 
BadMedicine

BadMedicine

Would *I* Lie???
20Gauge said:
pending the IRS announcement that all such transactions are still subject to income taxes.
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They can make mouth noises to their blessed hearts content. The day you burn this MFer down you're persona non gratas
Blacknarwhal said:
Yes, but who's dumb enough to come collect?
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yeah, I imagine this working kinda like California pulling a reverse uno on the electric cars plugged in...

"Hey pa, a fancy lookin plow mule in a suit just knocked." "well damn boy, get 'em in tack!!"

We won't be turning down any "over-paid tax refund-windfalls in the form of indentured servitude" no sirreee.
 
BadMedicine

BadMedicine

Would *I* Lie???
20Gauge said:
This is the largest reason I hate property taxes. I can control my income or purchases ( income and sales taxes ), but I have not control over property taxes. It kills me.
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You actually do. Vote with your feet. You're paying them to shaft you. They're getting a great deal and not likely to stop soon, far more likely to increase drastically. Leave.
 
Ractivist

Ractivist

Pride comes before the fall.....Pride month ended.
bracketquant said:
Many survivalists will be the target of the starving hoards, if the gov doesn't first take everything they've got, by Executive Order.
Click to expand...
Rex 84 should be being discussed.

It's an illegal action put in place for the totalitarian government to steal our nation, via stealing our wealth and freedom. It's as UN Constitutional as it could be. The UN Constitution, is not our American Constitution. They are at complete odds with one another. The UN, does not rule over American Citizens, no matter the path created by usurpers in .gov agencies. The US Constitution, is backed by the Declaration of Independence and Bill of Rights.

Rex 84 is antithetical to all things American. There needs to be a national discussion NOW, before they implement it.

It's one of their major tools in the box.
 
Blacknarwhal

Blacknarwhal

Let's Go Brandon!
BadMedicine said:
You actually do. Vote with your feet. You're paying them to shaft you. They're getting a great deal and not likely to stop soon, far more likely to increase drastically. Leave.
Click to expand...

Except you really can't move somewhere that doesn't have property taxes. EVERY state has a minimum; the only exceptions are for seniors or for certain amounts.
 
M

mikeabn

Finally not a lurker!
20Gauge said:
I only forsee some deflation, but not massive deflation. I see more of a case of stagflation. Higher than normal inflation with piss poor economic growth.

As far as the barter, all things being the same, I agree. Yet, I am betting millions will try to start gardens and will begin to harvest those fruit trees that they ignored before, etc.
Click to expand...
I'm betting on stagflation. I don't see very many people having any meaningful success with gardens. Overall somehow the system will continue to stumble along, various sectors of the economy stubbing their toes along the way with degrees of unpleasantness for most of us.
 
20Gauge

20Gauge

TB Fanatic
night driver said:
Ninja's comments were not in ref RESIDENTIAL RE, but Commercial RE---Stores, warehouses and office buildings.
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Those are going to be devastated. Landlords think $3k-$4k per month in our small town are achievable. They may be in the short term, like 3-4 months, but not sustainable where you have a tenant for 2-3 years.
 
pauldingbabe

pauldingbabe

The Great Cat
Comercial property will survive if they turn it into residential housing.

I hear the govt pays big printed $$$ for housing illegals.

Sad but true.
 
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