Economy crash =/= stock market crash?

Michael121

aroominyork said:

Why would better paid Brits lead to more demand for healthcare, schools, police etc.?

I mean if people are earning more money maybe they are more likely to go uni, plenty of people don't try to get better career because they are in debt up to their eyeballs. Im not really sure why that matters though clearly your looking at a bigger picture than me.

Because the absence of migrant workers paying tax is unlikely to be compensated for by the marginal extra amounts paid for by better paid Brits/resident workers.

I don't follow, won't we get more people getting a job to replace those migrants that were currently not working at all, or part timing it. I don't know but if i was earning pittance i wouldn't bother grafting either, id do the bare minimum as well, the reason i work hard is because i can see by the end of it i might be able to put my feet up and not have to worry about money when i retire. 

Read Economics 101. Demand will exceed supply. Prices will go up.

I understand that but how will demand go up, just because people have a little more money? doesn't necessarily mean they want to buy more goods, if i want something i wait for it to come down in price, sooner or later i get a bargain.

I just feel like some don't get paid well enough, especially carers. Plus its annoying how prices just keep going up over the years whilst some jobs haven't that used to pay well. I think anyone working 40 hour plus weeks should have some money left over, not watching it evaporate every month into thin air before they even spent on something non essential.

sevenhills

Michael121 said:

 I think anyone working 40 hour plus weeks should have some money left over, not watching it evaporate every month into thin air before they even spent on something non essential.

Compared to 50 years ago, people now have much higher living standards. When my Dad used to work 40+ hours, we didn't have a garden or inside toilet, no central heating and could not afford a dog, mobile phone or car.

grumiofoundation

sevenhills said:

Michael121 said:

 I think anyone working 40 hour plus weeks should have some money left over, not watching it evaporate every month into thin air before they even spent on something non essential.

Compared to 50 years ago, people now have much higher living standards. When my Dad used to work 40+ hours, we didn't have a garden or inside toilet, no central heating and could not afford a dog, mobile phone or car.

The first commercially available mobile phone was released just less than 40 years ago so no one could afford one 50 years ago….

eskbanker

sevenhills said:

When my Dad used to work 40+ hours, we didn't have a garden or inside toilet, no central heating and could not afford a dog, mobile phone or car.

Ooh, I know this one!

MP: Aye. In them days, we'd a' been glad to have the price of a cup o' tea.

GC: A cup ' COLD tea.

EI: Without milk or sugar.

TJ: OR tea!

MP: In a filthy, cracked cup.

EI: We never used to have a cup. We used to have to drink out of a rolled up newspaper.

GC: The best WE could manage was to suck on a piece of damp cloth.

TJ: But you know, we were happy in those days, though we were poor.

MP: Aye. BECAUSE we were poor. My old Dad used to say to me, 'Money doesn't buy you happiness.'

EI: 'E was right. I was happier then and I had NOTHIN'. We used to live in this tiiiny old house, with greaaaaat big holes in the roof.

GC: House? You were lucky to have a HOUSE! We used to live in one room, all hundred and twenty-six of us, no furniture. Half the floor was missing; we were all huddled together in one corner for fear of FALLING!

TJ: You were lucky to have a ROOM! *We* used to have to live in a corridor!

MP: Ohhhh we used to DREAM of livin' in a corridor! Woulda' been a palace to us. We used to live in an old water tank on a rubbish tip. We got woken up every morning by having a load of rotting fish dumped all over us! House!? Hmph.

EI: Well when I say 'house' it was only a hole in the ground covered by a piece of tarpolin, but it was a house to US.

GC: We were evicted from *our* hole in the ground; we had to go and live in a lake!

TJ: You were lucky to have a LAKE! There were a hundred and sixty of us living in a small shoebox in the middle of the road.

MP: Cardboard box?

TJ: Aye.

MP: You were lucky. We lived for three months in a brown paper bag in a septic tank. We used to have to get up at six o'clock in the morning, clean the bag, eat a crust of stale bread, go to work down mill for fourteen hours a day week in-week out. When we got home, our Dad would thrash us to sleep with his belt!

GC: Luxury. We used to have to get out of the lake at three o'clock in the morning, clean the lake, eat a handful of hot gravel, go to work at the mill every day for tuppence a month, come home, and Dad would beat us around the head and neck with a broken bottle, if we were LUCKY!

TJ: Well we had it tough. We used to have to get up out of the shoebox at twelve o'clock at night, and LICK the road clean with our tongues. We had half a handful of freezing cold gravel, worked twenty-four hours a day at the mill for fourpence every six years, and when we got home, our Dad would slice us in two with a bread knife.

EI: Right. I had to get up in the morning at ten o'clock at night, half an hour before I went to bed, (pause for laughter), drink a cup of sulphuric acid, work twenty-nine hours a day down mill, and pay mill owner for permission to come to work, and when we got home, our Dad and our mother would kill us, and dance about on our graves singing 'Hallelujah.'

MP: But you try and tell the young people today that... and they won't believe ya'.

ALL: Nope, nope..

coastline

A little read but who knows ?

2021 Q3 Investment Review | Investment Review | Thinking | Ruffer | Investment Management

James Ferguson: the scope for bond-market disaster is very real | MoneyWeek

lozzy1965

Type_45 said:

lozzy1965 said:

tranquility1 said:

lozzy1965 said:

tranquility1 said:

lozzy1965 said:

tranquility1 said:

Linton said:

tranquility1 said:

Linton said:

tranquility1 said:

Linton said:

tranquility1 said:

The central banks cannot reduce or raise interest rates.  All they can do is print money.

This financial system is broken beyond repair.  It will be replaced very soon.

The powers that be are filling their boots with loot, and they have arranged ways to transition with their wealth.


I am just shocked that any of you can look at the situation and not see what we are on the cusp of.

Perhaps you can tell us what we are on the cusp of?  And when will whatever it is that cusps do happen?  Where can the powers that be transition to and what good will their wealth do them there?  All assets except food, weapons and shelter will be worthless.

If things are as bad as you seem to think they are what anyone does with their investments/savings is totally irrelevent. So why post here?  Or do anything else come to that.  Why not just sit in a darkened room and wait for the inevitable?

On the other hand you could be wrong.

We are on the cusp of a global financial meltdown.  The collapse of currencies.  The end of high street banks.  I think it will take place this winter.  Possibly even in late October.  The powers that be can preserve their wealth in hard assets (land, property, precious metals etc).  This will mean they have money when the transition to the new financial system occurs.  The average Joe will lose much of what they have as their asset prices collapse and their inflated money is worthless. 

I'm here because I'm curious as to what is being discussed, I'm bored, and I enjoy posting here.  I am not the "sit in a dark room type".  I am preparing.

Hope that answers your questions.

If your plans are based on surviving the end of world as we know it they seem somewhat inadequate. A very full store cupboard would perhaps support a few weeks of unhealthy eating. Now what about water? Heating? Winter will soon be here.

How will you sell your gold? The bullion dealers would be closed. Even if they weren’t and you could actually get to their premises what would they give you? A sackful of worthless £50 notes though the banks will be closed so perhaps not. So you are reduced to barter with your neighbours. What would they give you in exchange?  A tin of beans could be worth more than a gold bar.  With no electricity and the internet down what good would your crypto be?

I am afraid you will be in the queue for the military-run soup kitchens along with everyone else.

ISTM people take all the benefits of modern civilisation for granted.  They are all ultimately based on the global financial system.  If that fails all bets are off.

If you want to prepare for the end of the world you really need to take it seriously.

What do you do if in 6 months time nothing has happened? 

Gold isn't for use during the collapse.  Gold is a store of wealth which will enable you to buy assets when the new financial system is established. 

Perhaps your money in the bank will be carried over.  Perhaps it will be devalued.  Perhaps it will disappear.  Gold solves that problem and will store wealth no matter what happens.  But you certainly don't trade it for a tin of beans.  It has far more value when everything settles down and people have food in their cupboards again.  If anything, silver is better for bartering.  In reality things like lighters, bin bags and alcohol are what people will be in need of, and these are more appropriate things to keep in stock if all the shops are shut for a prolonged period.


I do agree that if society collapses most people (myself included) are screwed.  But you can give yourself a a better chance by preparing.

Like I said, people take too much for granted.  Things that just happen now are predicated on vast and hugely complex global organisational and physical networks.   Assume the world's currencies and financial systems collapse and the banks all go bust.  Your savings are the least of your problems.  A far bigger problem is the effect on companies and on movement of cash around the world

The following morning following the collapse will you go into work?  Why?  You won't be paid.  Your employer wont have any cash and wont have any mechanism to give it to you.  In any case you would probably want to stay at home guarding your gold and food stores,  The same will apply to those people who run the essential, and non essential services.  So no electricity, no communications etc etc except perhaps those run by the military if discipline can be maintained. There arent any imports so if some vital part breaks you wont be able to replace it from halfway across the world.

Somehow the world's leaders get together, assuming they have any power.  How do they agree the New Order?  If there is a new global currency I guess it would be called the Yuan.

How is it implemented?  The computer systems running finances across the world are tied into the existing currencies and the existing financial networks.  For example money transfer, loans, insurance, taxes, payroll, pensions  etc etc.  You, at best, are talking about a major rewrite, more likely a total redesign from scratch.  There arent the staff to do that.  Before that work started you would need international agreement on interfaces and then the technical specification.  But there arent the staff nor the organisation to do that either.  Suppose we do get that far then there's the nuts and bolts - all the companies who would do the work have collapsed in the meantime.  The infrastructure wont exist to create new ones.

So it could easily be decades of chaos before a new financial system could be fully implemented.  I hope you have a large food cupboard.

I think the new financial system has already been put together.  That's why they are purposely running this one into the ground.  It's all in place.  What isn't in place yet are the CBDCs.  That will hold things up.  However, the collapse may happen sooner than they planned with Evergrande due to default on 24 October.

And the global elite, who already have all the power and the capability to set all this up without any of the stupid masses knowing about it, and can run their lives as they wish and do absolutely anything they want to, want to change their current set up to a new world order because...

Because this financial system has come to an end.  They don't have any choice.

OK, so ignoring the fact that they are so powerful that they can keep their new system hidden from the masses, but can't prevent the current system from crashing.  A current system which keeps them in power AND they can also keep that fact hidden from the masses.  We are back to your "the current system will have crashed by the end of the year, 100%" comment from a while back (I am paraphrasing, but that was the gist of it - the key being 100%).
So will you be on here on the first of January saying ,"OK guys, I was wrong, I'm pleased I was wrong, but never the less I was."
Or will there be a new black swan event you profess to know all about, that the global elite have elaborate plans for that they have managed to keep quiet from the masses?

Have you ever heard the phrase "what's more likely"?

Yes I stand by my view that a crash will happen this year.  Before the end of this month is the most likely time.  And I will come on here admit I got the timing wrong if it hasn't happened by January.

But even if it doesn't happen this year, this financial system has reached the end of it's life and a crash and new financial system is absolutely coming. 

Not 100% by the end of the year then!

They may kick it down the road until the CBDCs are ready.  That would probably be their preference because that would neatly replace the current rapidly-worthless currencies.  But their hand may be forced by world events.  Notably China, which is in big trouble and the contagion from that could collapse the global economy at any point now.  

China's economy and the global economy are primed for collapse.  The only question is how controlled the collapse is.  But I think the powers that be want the collapse to be messy and painful because they then have an excuse to use the tools they want to use (CBDC and UBI) for the "greater good".  The collapse will only be painful and messy for us.  They won't feel a pinch.  They will enrich themselves even further.  They and we are not playing the same game.

Were you banned by the MODS as Type_45 by any chance? 

Let's take this one step at a time shall we?  Question 1....

'They' are so powerful at the moment that 'they' won't feel the pinch.  But 'they' are happy to see or allow the 'collapse' to happen so 'they' can enrich themselves even further.  Why would 'they' want to do that?  Are 'they' not happy with the unimaginable riches and power 'they' already have?

So... I don't re-enforce your world views, so obviously my views are wrong... And then I don't post for a while... And you conclude I was (quite rightly, in your opinion) banned...

Correct, you don't re-enforce my world views, however, I believe it is fair to say that your world views are generally regarded as rather extreme, and would be regarded by a large percentage of the rational population as likely to be wrong.
And then you stop posting in exactly the same month as someone who joins in that month, who also spouts exactly the same world views you have.  People do get banned from chat sites for posting conspiracy theories.  You and tanquility1 both post conspiracy theories, so yes, that is what I concluded had happened.  Strange of me?

coastline

coastline said:

coastline said:

coastline said:

Sell the FTSE 100 at 7040 . Right or wrong there's plenty more to go at.

Just a little update not that anybody will be really bothered . Never mind I was asked so I'll highlight my system. Looking at the link which is not the best package the Slow Stochastic curled upwards as I explained around 6850-6900 to buy. Today we sit on the top of overbought region at 7110. Sell at 7110. Not perfect and could still go higher but 7040 down to 6900 and up again to 7110 is around 350 points.

FTSE 100 Index, UK:UKX Advanced Chart - (FTSE UK) UK:UKX, FTSE 100 Index Stock Price - BigCharts.com (marketwatch.com)

You could set the same on here if anybody is interested. Good luck everyone whatever your allocations are.

ISF.L | SharpChart | StockCharts.com

DATE       BUY/SELL   FTSE   POINTS

JULY 15      SELL        7040         0
JULY 20      BUY         6900         140
AUG  5        SELL        7110         350

Buy FTSE 6830 as the system goes.

DATE       BUY/SELL   FTSE   POINTS

JULY 15      SELL        7040         0
JULY 20      BUY         6900         140
AUG  5        SELL        7110         350
SEPT 20      BUY         6830         630

Sell FTSE 7230...

Set both charts with Slow Stochastic and Williams%R from the lower indicators..Good Luck everyone.

ISF.L | SharpChart | StockCharts.com

FTSE 100 Index chart, prices and performance - Investors Chronicle


DATE       BUY/SELL   FTSE   POINTS

JULY 15      SELL        7040         0
JULY 20      BUY         6900         140
AUG  5        SELL        7110         350
SEPT 20      BUY         6830         630
OCT 15        SELL        7230        1030

lozzy1965

tranquility1 said:

lozzy1965 said:

tranquility1 said:

lozzy1965 said:

tranquility1 said:

Linton said:

tranquility1 said:

Linton said:

tranquility1 said:

Linton said:

tranquility1 said:

The central banks cannot reduce or raise interest rates.  All they can do is print money.

This financial system is broken beyond repair.  It will be replaced very soon.

The powers that be are filling their boots with loot, and they have arranged ways to transition with their wealth.


I am just shocked that any of you can look at the situation and not see what we are on the cusp of.

Perhaps you can tell us what we are on the cusp of?  And when will whatever it is that cusps do happen?  Where can the powers that be transition to and what good will their wealth do them there?  All assets except food, weapons and shelter will be worthless.

If things are as bad as you seem to think they are what anyone does with their investments/savings is totally irrelevent. So why post here?  Or do anything else come to that.  Why not just sit in a darkened room and wait for the inevitable?

On the other hand you could be wrong.

We are on the cusp of a global financial meltdown.  The collapse of currencies.  The end of high street banks.  I think it will take place this winter.  Possibly even in late October.  The powers that be can preserve their wealth in hard assets (land, property, precious metals etc).  This will mean they have money when the transition to the new financial system occurs.  The average Joe will lose much of what they have as their asset prices collapse and their inflated money is worthless. 

I'm here because I'm curious as to what is being discussed, I'm bored, and I enjoy posting here.  I am not the "sit in a dark room type".  I am preparing.

Hope that answers your questions.

If your plans are based on surviving the end of world as we know it they seem somewhat inadequate. A very full store cupboard would perhaps support a few weeks of unhealthy eating. Now what about water? Heating? Winter will soon be here.

How will you sell your gold? The bullion dealers would be closed. Even if they weren’t and you could actually get to their premises what would they give you? A sackful of worthless £50 notes though the banks will be closed so perhaps not. So you are reduced to barter with your neighbours. What would they give you in exchange?  A tin of beans could be worth more than a gold bar.  With no electricity and the internet down what good would your crypto be?

I am afraid you will be in the queue for the military-run soup kitchens along with everyone else.

ISTM people take all the benefits of modern civilisation for granted.  They are all ultimately based on the global financial system.  If that fails all bets are off.

If you want to prepare for the end of the world you really need to take it seriously.

What do you do if in 6 months time nothing has happened? 

Gold isn't for use during the collapse.  Gold is a store of wealth which will enable you to buy assets when the new financial system is established. 

Perhaps your money in the bank will be carried over.  Perhaps it will be devalued.  Perhaps it will disappear.  Gold solves that problem and will store wealth no matter what happens.  But you certainly don't trade it for a tin of beans.  It has far more value when everything settles down and people have food in their cupboards again.  If anything, silver is better for bartering.  In reality things like lighters, bin bags and alcohol are what people will be in need of, and these are more appropriate things to keep in stock if all the shops are shut for a prolonged period.


I do agree that if society collapses most people (myself included) are screwed.  But you can give yourself a a better chance by preparing.

Like I said, people take too much for granted.  Things that just happen now are predicated on vast and hugely complex global organisational and physical networks.   Assume the world's currencies and financial systems collapse and the banks all go bust.  Your savings are the least of your problems.  A far bigger problem is the effect on companies and on movement of cash around the world

The following morning following the collapse will you go into work?  Why?  You won't be paid.  Your employer wont have any cash and wont have any mechanism to give it to you.  In any case you would probably want to stay at home guarding your gold and food stores,  The same will apply to those people who run the essential, and non essential services.  So no electricity, no communications etc etc except perhaps those run by the military if discipline can be maintained. There arent any imports so if some vital part breaks you wont be able to replace it from halfway across the world.

Somehow the world's leaders get together, assuming they have any power.  How do they agree the New Order?  If there is a new global currency I guess it would be called the Yuan.

How is it implemented?  The computer systems running finances across the world are tied into the existing currencies and the existing financial networks.  For example money transfer, loans, insurance, taxes, payroll, pensions  etc etc.  You, at best, are talking about a major rewrite, more likely a total redesign from scratch.  There arent the staff to do that.  Before that work started you would need international agreement on interfaces and then the technical specification.  But there arent the staff nor the organisation to do that either.  Suppose we do get that far then there's the nuts and bolts - all the companies who would do the work have collapsed in the meantime.  The infrastructure wont exist to create new ones.

So it could easily be decades of chaos before a new financial system could be fully implemented.  I hope you have a large food cupboard.

I think the new financial system has already been put together.  That's why they are purposely running this one into the ground.  It's all in place.  What isn't in place yet are the CBDCs.  That will hold things up.  However, the collapse may happen sooner than they planned with Evergrande due to default on 24 October.

And the global elite, who already have all the power and the capability to set all this up without any of the stupid masses knowing about it, and can run their lives as they wish and do absolutely anything they want to, want to change their current set up to a new world order because...

Because this financial system has come to an end.  They don't have any choice.

OK, so ignoring the fact that they are so powerful that they can keep their new system hidden from the masses, but can't prevent the current system from crashing.  A current system which keeps them in power AND they can also keep that fact hidden from the masses.  We are back to your "the current system will have crashed by the end of the year, 100%" comment from a while back (I am paraphrasing, but that was the gist of it - the key being 100%).
So will you be on here on the first of January saying ,"OK guys, I was wrong, I'm pleased I was wrong, but never the less I was."
Or will there be a new black swan event you profess to know all about, that the global elite have elaborate plans for that they have managed to keep quiet from the masses?

Have you ever heard the phrase "what's more likely"?

Yes I stand by my view that a crash will happen this year.  Before the end of this month is the most likely time.  And I will come on here admit I got the timing wrong if it hasn't happened by January.

But even if it doesn't happen this year, this financial system has reached the end of it's life and a crash and new financial system is absolutely coming.  They may kick it down the road until the CBDCs are ready.  That would probably be their preference because that would neatly replace the current rapidly-worthless currencies.  But their hand may be forced by world events.  Notably China, which is in big trouble and the contagion from that could collapse the global economy at any point now.  

China's economy and the global economy are primed for collapse.  The only question is how controlled the collapse is.  But I think the powers that be want the collapse to be messy and painful because they then have an excuse to use the tools they want to use (CBDC and UBI) for the "greater good".  The collapse will only be painful and messy for us.  They won't feel a pinch.  They will enrich themselves even further.  They and we are not playing the same game.

Sorry to resurrect this post everyone - or maybe you all have as much fun as I do reading it!

I just wanted to highlight that deadline 1 is upon us and I've not seen an "end to the financial system as we know it" yet - unless "before the end of this month" (of October) means just before (ie. over the coming 3 days).

We still have a couple of months to wait until January though

Thrugelmir

Far too much optimism being expressed at the moment to trigger a stampede of the herd to the exits. 

tebbins

lozzy1965 said:

tranquility1 said:

lozzy1965 said:

tranquility1 said:

lozzy1965 said:

tranquility1 said:

Linton said:

tranquility1 said:

Linton said:

tranquility1 said:

Linton said:

tranquility1 said:

The central banks cannot reduce or raise interest rates.  All they can do is print money.

This financial system is broken beyond repair.  It will be replaced very soon.

The powers that be are filling their boots with loot, and they have arranged ways to transition with their wealth.


I am just shocked that any of you can look at the situation and not see what we are on the cusp of.

Perhaps you can tell us what we are on the cusp of?  And when will whatever it is that cusps do happen?  Where can the powers that be transition to and what good will their wealth do them there?  All assets except food, weapons and shelter will be worthless.

If things are as bad as you seem to think they are what anyone does with their investments/savings is totally irrelevent. So why post here?  Or do anything else come to that.  Why not just sit in a darkened room and wait for the inevitable?

On the other hand you could be wrong.

We are on the cusp of a global financial meltdown.  The collapse of currencies.  The end of high street banks.  I think it will take place this winter.  Possibly even in late October.  The powers that be can preserve their wealth in hard assets (land, property, precious metals etc).  This will mean they have money when the transition to the new financial system occurs.  The average Joe will lose much of what they have as their asset prices collapse and their inflated money is worthless. 

I'm here because I'm curious as to what is being discussed, I'm bored, and I enjoy posting here.  I am not the "sit in a dark room type".  I am preparing.

Hope that answers your questions.

If your plans are based on surviving the end of world as we know it they seem somewhat inadequate. A very full store cupboard would perhaps support a few weeks of unhealthy eating. Now what about water? Heating? Winter will soon be here.

How will you sell your gold? The bullion dealers would be closed. Even if they weren’t and you could actually get to their premises what would they give you? A sackful of worthless £50 notes though the banks will be closed so perhaps not. So you are reduced to barter with your neighbours. What would they give you in exchange?  A tin of beans could be worth more than a gold bar.  With no electricity and the internet down what good would your crypto be?

I am afraid you will be in the queue for the military-run soup kitchens along with everyone else.

ISTM people take all the benefits of modern civilisation for granted.  They are all ultimately based on the global financial system.  If that fails all bets are off.

If you want to prepare for the end of the world you really need to take it seriously.

What do you do if in 6 months time nothing has happened? 

Gold isn't for use during the collapse.  Gold is a store of wealth which will enable you to buy assets when the new financial system is established. 

Perhaps your money in the bank will be carried over.  Perhaps it will be devalued.  Perhaps it will disappear.  Gold solves that problem and will store wealth no matter what happens.  But you certainly don't trade it for a tin of beans.  It has far more value when everything settles down and people have food in their cupboards again.  If anything, silver is better for bartering.  In reality things like lighters, bin bags and alcohol are what people will be in need of, and these are more appropriate things to keep in stock if all the shops are shut for a prolonged period.


I do agree that if society collapses most people (myself included) are screwed.  But you can give yourself a a better chance by preparing.

Like I said, people take too much for granted.  Things that just happen now are predicated on vast and hugely complex global organisational and physical networks.   Assume the world's currencies and financial systems collapse and the banks all go bust.  Your savings are the least of your problems.  A far bigger problem is the effect on companies and on movement of cash around the world

The following morning following the collapse will you go into work?  Why?  You won't be paid.  Your employer wont have any cash and wont have any mechanism to give it to you.  In any case you would probably want to stay at home guarding your gold and food stores,  The same will apply to those people who run the essential, and non essential services.  So no electricity, no communications etc etc except perhaps those run by the military if discipline can be maintained. There arent any imports so if some vital part breaks you wont be able to replace it from halfway across the world.

Somehow the world's leaders get together, assuming they have any power.  How do they agree the New Order?  If there is a new global currency I guess it would be called the Yuan.

How is it implemented?  The computer systems running finances across the world are tied into the existing currencies and the existing financial networks.  For example money transfer, loans, insurance, taxes, payroll, pensions  etc etc.  You, at best, are talking about a major rewrite, more likely a total redesign from scratch.  There arent the staff to do that.  Before that work started you would need international agreement on interfaces and then the technical specification.  But there arent the staff nor the organisation to do that either.  Suppose we do get that far then there's the nuts and bolts - all the companies who would do the work have collapsed in the meantime.  The infrastructure wont exist to create new ones.

So it could easily be decades of chaos before a new financial system could be fully implemented.  I hope you have a large food cupboard.

I think the new financial system has already been put together.  That's why they are purposely running this one into the ground.  It's all in place.  What isn't in place yet are the CBDCs.  That will hold things up.  However, the collapse may happen sooner than they planned with Evergrande due to default on 24 October.

And the global elite, who already have all the power and the capability to set all this up without any of the stupid masses knowing about it, and can run their lives as they wish and do absolutely anything they want to, want to change their current set up to a new world order because...

Because this financial system has come to an end.  They don't have any choice.

OK, so ignoring the fact that they are so powerful that they can keep their new system hidden from the masses, but can't prevent the current system from crashing.  A current system which keeps them in power AND they can also keep that fact hidden from the masses.  We are back to your "the current system will have crashed by the end of the year, 100%" comment from a while back (I am paraphrasing, but that was the gist of it - the key being 100%).
So will you be on here on the first of January saying ,"OK guys, I was wrong, I'm pleased I was wrong, but never the less I was."
Or will there be a new black swan event you profess to know all about, that the global elite have elaborate plans for that they have managed to keep quiet from the masses?

Have you ever heard the phrase "what's more likely"?

Yes I stand by my view that a crash will happen this year.  Before the end of this month is the most likely time.  And I will come on here admit I got the timing wrong if it hasn't happened by January.

But even if it doesn't happen this year, this financial system has reached the end of it's life and a crash and new financial system is absolutely coming.  They may kick it down the road until the CBDCs are ready.  That would probably be their preference because that would neatly replace the current rapidly-worthless currencies.  But their hand may be forced by world events.  Notably China, which is in big trouble and the contagion from that could collapse the global economy at any point now.  

China's economy and the global economy are primed for collapse.  The only question is how controlled the collapse is.  But I think the powers that be want the collapse to be messy and painful because they then have an excuse to use the tools they want to use (CBDC and UBI) for the "greater good".  The collapse will only be painful and messy for us.  They won't feel a pinch.  They will enrich themselves even further.  They and we are not playing the same game.

Sorry to resurrect this post everyone - or maybe you all have as much fun as I do reading it!

I just wanted to highlight that deadline 1 is upon us and I've not seen an "end to the financial system as we know it" yet - unless "before the end of this month" (of October) means just before (ie. over the coming 3 days).

We still have a couple of months to wait until January though

Maybe we'll get a Halloween spook.