C-19 caused defaults starting to trickle in

[Gunfighter14e2]

If you are not ready, for this shit by now, just keep your ass high and head below the sand. The low hanging fruit (you) will not suffer as long as those who "Think" they are ready.

Covid-19 Related Municipal Defaults Begin

The Covid-19 pandemic will be the excuse for payment defaults for the rest of this year by a wide range of issuers. 5 so far, expect 50 or more by year-end.

www.forbes.com

 

[Doc68]

If you are not ready, for this shit by now, just keep your ass high and head below the sand. The low hanging fruit (you) will not suffer as long as those who "Think" they are ready.

Covid-19 Related Municipal Defaults Begin

The Covid-19 pandemic will be the excuse for payment defaults for the rest of this year by a wide range of issuers. 5 so far, expect 50 or more by year-end.

www.forbes.com

Nothing will happen. They will continue to default and blame it on c19 and there will be zero repercussions.

 

[Gunfighter14e2]

Nothing will happen.

The fall out from this B/S will not be ramping up faster until mid August to Sept, would be my guess. The total collapse of the unemployment system is just around the corner,...

 

[Doc68]

The fall out from this B/S will not be ramping up faster until mid August to Sept, would be my guess. The total collapse of the unemployment system is just around the corner,...

Sadly you are right. Shortly after that will be welfare and that's when it will get really bad.

Imagine roving gangs sweeping through your neighborhood trying to take what they want. It will be truly bad.

 

[DarnYankeeUSMC]

Ohhh calm down. The house is pushing for the bailout now. Just wait. The Senate will sign up for another 3 trillion dollars before the end of the month.
Ten trillion dollars (+ or -) in a month and a half!!! Monopoly money like some of the African countries.
No big deal. Uncle Sugar will provide.

AAJSBMA!!

 

[rlarsen462]

Sadly you are right. Shortly after that will be welfare and that's when it will get really bad.

Imagine roving gangs sweeping through your neighborhood trying to take what they want. It will be truly bad.

Better saddle up with the neighbors you trust and pool some resources. Pretty sure there will be 1, maybe 2 "roving gangs" that come through here and then the "messages" left for group 3 will probably have them seeking greener pastures.

 

[BytorJr]

Ohhh calm down. The house is pushing for the bailout now. Just wait. The Senate will sign up for another 3 trillion dollars before the end of the month.
Ten trillion dollars (+ or -) in a month and a half!!! Monopoly money like some of the African countries.
No big deal. Uncle Sugar will provide.

AAJSBMA!!

Which beckons the real question...how are smart people going to protect their assets with the massive inflation that's going to set in and a complete economic collapse? Is it time to buy Gold, Platinum and Silver en masse? Or just Pb?

 

[isofahunter]

Better saddle up with the neighbors you trust and pool some resources. Pretty sure there will be 1, maybe 2 "roving gangs" that come through here and then the "messages" left for group 3 will probably have them seeking greener pastures.

The roving gangs are call members of the house and senators. They are busy bleeding us dry.

 

[DarnYankeeUSMC]

Which beckons the real question...how are smart people going to protect their assets with the massive inflation that's going to set in and a complete economic collapse? Is it time to buy Gold, Platinum and Silver en masse? Or just Pb?

Your assets? Your assets will be what you can defend.
Gold, silver and other metals? When dot gov declares them illegal and need to be turned in for credits. You should tell them that they were lost along with the guns in a boating accident.
If you live in a city/urban environment I pity you. The crips, bloods and many other "clubs"(the two wheel V-twin) are already very well organized. And considering the savagery of the MS13 it's not going to be pretty.

 

[earthtrekker1775]

Which beckons the real question...how are smart people going to protect their assets with the massive inflation that's going to set in and a complete economic collapse? Is it time to buy Gold, Platinum and Silver en masse? Or just Pb?

I have been stacking copper, lead and brass for many years. Time to convert fiat to pm's so that they can't take everything you have worked so hard for.
Bottom line, we are being sold out as a nation, in broad daylight, and the smug globalist assholes don't even try to be subtle anymore.

 

[BytorJr]

@DarnYankeeUSMC....so, what I need to invest in then is a "boat."

 

[Alphatreedog]

Your assets? Your assets will be what you can defend.
Gold, silver and other metals? When dot gov declares them illegal and need to be turned in for credits. You should tell them that they were lost along with the guns in a boating accident.
If you live in a city/urban environment I pity you. The crips, bloods and many other "clubs"(the two wheel V-twin) are already very well organized. And considering the savagery of the MS13 it's not going to be pretty.

So how the fuck does Gov know you have vold or silver if you're buying from a local coin deale ?

 

[sixtyfournmor]

Everybody is still freaking out I see!

 

[MtnCreek]

Which beckons the real question...how are smart people going to protect their assets with the massive inflation that's going to set in and a complete economic collapse? Is it time to buy Gold, Platinum and Silver en masse? Or just Pb?

IMR PB?

 

[DarnYankeeUSMC]

Doesn't matter. Just like a gun ban. When it is made illegal to have what are you going to do with it? Once dot gov is out of the picture and things are tribal it'll be worth something again. But I think lead and powder will be worth more.

So how the fuck does Gov know you have vold or silver if you're buying from a local coin deale ?

 

[atepointer]

Everybody is still freaking out I see!

So far less than 1% of the $4T muni bond market is signaling trouble, but that won't stop op-ed pieces from coming out stoking the panic button. Less than 9% of the muni bonds are rated BBB- or lower, but corporate debt is 55% BBB- or less. The forced selling of hedge funds in the muni bond space also happened in the corporate debt high yield and equity etf spaces. Remember the folks in the Bear Pit calling for Dow 10,000 in March? It's was like I was reading Reddit from 2008 again. Bond funds are a herd mentality they feast off of headline risk just like a lot of the Bear Pit...think mutual funds. You know the people who sit inside and live their life from one coronavirus tweet to the next? There are people who invest like that too and that is how the outflows from all types of bond funds started....forced selling from people who had to do it scared the shit out of people who don't know any better and poof you have record outflows. You'd have to know a bit about the author of the Forbes op-ed, but he's a stamp collector and writes doomsday articles about bonds.....notice it was 3 weeks ago and he hasn't posted an article on it since? Wonder why that might be? He'd have to publish charts showing a ~ 16% increase off the lows......all by willing investors who know value when they see it buying great deals.

 

[E. Bryant]

Which beckons the real question...how are smart people going to protect their assets with the massive inflation that's going to set in and a complete economic collapse? Is it time to buy Gold, Platinum and Silver en masse? Or just Pb?

Defaulting on a loan is debt destruction. Debt is inflationary, thus destroying it is deflationary.

Be very careful about mistaking an change in price of some commodities for an overall change in inflation. Yes, meat prices may be on the rise because of the problems with packing plants and we can't get 30% off a package of TP, but that's not a symptom of actual monetary inflation.

If one really thinks that hyperinflation is just around the corner, the best response is to lever up - take out every loan that a bank will offer, and sink it into assets that you can either use or liquidate in the future.

On the other hand, if deflation comes, you need to have as little debt as possible, and have sufficient cash-on-hand to keep a household running in the absence of income and to do some bargain shopping.

The truth is that we will likely see the symptoms of both in the coming months, but don't mistake symptoms for the cause. A bit of study on the Roaring 20s and Great Depression is instructive. Not that I think the current situation will play out the same, but pattern recognition training may be useful for those that don't lean on it too heavily as a substitute for critical thinking.

 

[atepointer]

Which beckons the real question...how are smart people going to protect their assets with the massive inflation that's going to set in and a complete economic collapse? Is it time to buy Gold, Platinum and Silver en masse? Or just Pb?

So how are you reckoning we are going to see inflation vs deflation right now? The more the Federal Reserve keeps interest rates low the more cash people hold and defeats their goal in igniting some inflation....they have failed at for 30 years. Study Japan a bit....and Europe the last 20 years. Ludwig Von Mises nailed it long b/f central bankers failed it: human behavior. Tons of $ and low interest rates ain't gonna spur growth or inflation. The velocity of money has been on a downward trend and it's only getting worse.

 

[Gunfighter14e2]

If one really thinks that hyperinflation is just around the corner, the best response is to lever up - take out every loan that a bank will offer, and sink it into assets that you can either use or liquidate in the future.

Many who have had their heads in the sand, are already doing just that. The sale of solar an other items are no the rise in many places, to hedge peoples bets. Just the amount of off grid cooking an food preserving/processes devices should be a warning, to some. However many require a problem to be in their face before they wake up,...

 

[BytorJr]

So how are you reckoning we are going to see inflation vs deflation right now? The more the Federal Reserve keeps interest rates low the more cash people hold and defeats their goal in igniting some inflation....they have failed at for 30 years. Study Japan a bit....and Europe the last 20 years. Ludwig Von Mises nailed it long b/f central bankers failed it: human behavior. Tons of $ and low interest rates ain't gonna spur growth or inflation. The velocity of money has been on a downward trend and it's only getting worse.

To be honest I don't know. I can see both sides of the coin.

 

[atepointer]

To be honest I don't know. I can see both sides of the coin.

Well hey I don't now for sure either I just look at what these dick head central bankers have done for 30 years.....repeatedly failing the same way every time and it's going the wrong direction. They have been desperately aiming for it, but are going the other way....what a huge mess. I was just more curious to hear you expound how you envisioned inflation coming to roost at present....heck you may be dead nuts right I'm just not seeing the dots connect on it.

 

[BytorJr]

I guess I'm basing it on previous times when money was printed at crazy rates. Civil War, Germany in the 20's, Argentina (practically forever). However, I don't quite know where this is heading because of the current interest rate and how the fed is completely unaccountable. I do know we're getting ready to be in a world of hurt one way or the other - which direction it's going to go may be irrelevant.

 

[sixtyfournmor]

Well hey I don't now for sure either I just look at what these dick head central bankers have done for 30 years.....repeatedly failing the same way every time and it's going the wrong direction. They have been desperately aiming for it, but are going the other way....what a huge mess. I was just more curious to hear you expound how you envisioned inflation coming to roost at present....heck you may be dead nuts right I'm just not seeing the dots connect on it.

If I was young again you could be my financial adviser.

 

[atepointer]

I guess I'm basing it on previous times when money was printed at crazy rates. Civil War, Germany in the 20's, Argentina (practically forever). However, I don't quite know where this is heading because of the current interest rate and how the fed is completely unaccountable. I do know we're getting ready to be in a world of hurt one way or the other - which direction it's going to go may be irrelevant.

Yea there will be a time to pay the piper domestically and globally at some point. I've bet on the Federal Reserve's blatant announcement they will buy anything and everything remotely resembling paper assets. I believe many people involved in the debasement of our economy know it has never worked or will work, but they are totally committed to this path of deficit spending and they have to ride it to the end now. Look what happens to any market index in the world when their central bank tightens...they have tantrums and 10% pullbacks. Here's to hoping we don't have to put our Plan B's of self-sufficiency into motion.....still running with Plan A for the time being. Stay frosty.

 

[atepointer]

If I was young again you could be my financial adviser.

Ha HECK no I could never sleep at night managing someone elses money.....the responsibility is so immense I would never have thought for a nano second to be in the finserv industry. Also, don't give all FA's too much credit it's frightening what so many of these people don't know all they do is pass a securities exam and shove money into risk buckets. Investing with a long term strategy takes discipline, but it ain't rokkit webbertry. Stay alert and frosty the volatility is far from over....lots more pain....and gain....available.

 

[Switchblade]

C19 has caused plants to close. We are just starting to feel that with food prices going up. The jobless rate is climbing due to employers laying off workers. Welfares recipients are all doing fine, while the average Joe is struggling.
Being shut in simply lowers your immunity system. A mask and gloves do MORE DAMAGE than GOOD as they ARE CONTAMINATED as you adjust, pinch, pull, adjust again, touch your face, move your mask, yeah, good job on cross contamination. You would be better without.
All these lowered immune systems will be beat up come October as weather cools and the virus hits for round two, second time a whole lot louder, a whole lot worse, becuase shutting yourself in was WRONG as you should have been out wandering around getting that immunity built up, breathing without restriction. Imma laugh same as I have been as the covidiots struggle one more time.

The Congress has simply made one more deep dig into the public trust as they hand out a measly 1200 while strengthening blue states. They are moving towards mail n votes which we know are despicably dirty. But here you aill all sit, during all this corruption, whining about how bad and how wrong it is and not even looking at that long gun and thousands of rounds of ammunition you have right there within 20 feet of you. I can feel the ban hammer from a mile away, but my words ring true.

 

[Alphatreedog]

C19 has caused plants to close. We are just starting to feel that with food prices going up. The jobless rate is climbing due to employers laying off workers. Welfares recipients are all doing fine, while the average Joe is struggling.
Being shut in simply lowers your immunity system. A mask and gloves do MORE DAMAGE than GOOD as they ARE CONTAMINATED as you adjust, pinch, pull, adjust again, touch your face, move your mask, yeah, good job on cross contamination. You would be better without.
All these lowered immune systems will be beat up come October as weather cools and the virus hits for round two, second time a whole lot louder, a whole lot worse, becuase shutting yourself in was WRONG as you should have been out wandering around getting that immunity built up, breathing without restriction. Imma laugh same as I have been as the covidiots struggle one more time.

The Congress has simply made one more deep dig into the public trust as they hand out a measly 1200 while strengthening blue states. They are moving towards mail n votes which we know are despicably dirty. But here you aill all sit, during all this corruption, whining about how bad and how wrong it is and not even looking at that long gun and thousands of rounds of ammunition you have right there within 20 feet of you. I can feel the ban hammer from a mile away, but my words ring true.

Switch for the win . This shit needs to be routed . You don't see a whole lot of Demo Commi shit ever voin backward . It's a steady march down the shitter . I believe that everyone is wating for that big thing or Commie gun grab , attack or some such . I get the whole "Don't give them their Fort Sumper moment " but WTF . Governors ordered nursing homes to take covid positives . Essentially ordered the deaths of thousands of Seniors . The government that refuses to fix immigration , national debt , can't fix drug addiction, poverty , corruption , sedition or treason says another e trillion will fix the economy . We've been playing by the rules and losing ground at nearly every turn .

 

[10ring'r]

Switch for the win . This shit needs to be routed . You don't see a whole lot of Demo Commi shit ever voin backward . It's a steady march down the shitter . I believe that everyone is waiting for that big thing or Commie gun grab , attack or some such . I get the whole "Don't give them their Fort Sumter moment " but WTF . Governors ordered nursing homes to take covid positives . Essentially ordered the deaths of thousands of Seniors . The government that refuses to fix immigration , national debt , can't fix drug addiction, poverty , corruption , sedition or treason says another e trillion will fix the economy . We've been playing by the rules and losing ground at nearly every turn .

Yup, pretty much this. Mac

 

[MtnCreek]

The nat debt will never be paid and everyone knows that. As soon as some circumstance comes about that makes others no longer willing to buy our debt at shit yields, it's over. What's the fed going to do to slow inflation, raise rates??? LOL

 

[earthtrekker1775]

Same old song and dance.

 

[Nicosdad]

So far less than 1% of the $4T muni bond market is signaling trouble, but that won't stop op-ed pieces from coming out stoking the panic button. Less than 9% of the muni bonds are rated BBB- or lower, but corporate debt is 55% BBB- or less. The forced selling of hedge funds in the muni bond space also happened in the corporate debt high yield and equity etf spaces. Remember the folks in the Bear Pit calling for Dow 10,000 in March? It's was like I was reading Reddit from 2008 again. Bond funds are a herd mentality they feast off of headline risk just like a lot of the Bear Pit...think mutual funds. You know the people who sit inside and live their life from one coronavirus tweet to the next? There are people who invest like that too and that is how the outflows from all types of bond funds started....forced selling from people who had to do it scared the shit out of people who don't know any better and poof you have record outflows. You'd have to know a bit about the author of the Forbes op-ed, but he's a stamp collector and writes doomsday articles about bonds.....notice it was 3 weeks ago and he hasn't posted an article on it since? Wonder why that might be? He'd have to publish charts showing a ~ 16% increase off the lows......all by willing investors who know value when they see it buying great deals.

And all of it is smoke and mirrors!!people playing with other idiot's money ,buying and selling shut on paper.I'd rather buy a time share .

 

[atepointer]

And all of it is smoke and mirrors!!people playing with other idiot's money ,buying and selling shut on paper.I'd rather buy a time share .

Pretty much, but it is what it is.....it's not investing any longer there can't be any 'fundamentals' in the truest sense of the word it's really more like a big casino. If the world actually knew the real value of anything they hold in their portfolio we probably wouldn't be on the internet right now. I wouldn't consider myself an idiot or everyone who invests as such, but rather someone who understands the risk that it could all evaporate over night like a fart in the wind. However that calculated risk to get some kind of return on their investible assets could also pay off with income and capital appreciation.

 

[Nicosdad]

Pretty much, but it is what it is.....it's not investing any longer there can't be any 'fundamentals' in the truest sense of the word it's really more like a big casino. If the world actually knew the real value of anything they hold in their portfolio we probably wouldn't be on the internet right now. I wouldn't consider myself an idiot or everyone who invests as such, but rather someone who understands the risk that it could all evaporate over night like a fart in the wind. However that calculated risk to get some kind of return on their investible assets could also pay off with income and capital appreciation.

To each his/her own .myself I own land and I own it.I use it .in the last 3 weeks I have put up over 300 lb,s of wild pig .garden is doing well and grandkids caught pop a mess of bream to fry this afternoon.last weekend it was crawfish the weekend before wild turkey the grandgirl got this year. My whole family knows ,,,fit hits Shan !!!come home we will be fine

 

[Hobo Hilton]

Some thought provoking comments here.... I'd say just pay a little closer attention to what the old school leaders (Religion, Business, Agriculture, etc) are doing that is not being publicized. I'm not talking the politicians and news reporter's, at all. What I am witnessing is this.... They are circling their wagon's. They are doing it quietly without fan fair. They are not writing a blog or announcing it to the share holders or speaking from the pulpit.... Watch those with wisdom.

Hobo

 

[atepointer]

To each his/her own .myself I own land and I own it.I use it .in the last 3 weeks I have put up over 300 lb,s of wild pig .garden is doing well and grandkids caught pop a mess of bream to fry this afternoon.last weekend it was crawfish the weekend before wild turkey the grandgirl got this year. My whole family knows ,,,fit hits Shan !!!come home we will be fine

Hey owning land is a great investment. Are you able to generate any passive income from your land?

 

[Nicosdad]

Hey owning land is a great investment. Are you able to generate any passive income from your land?

Timber ,hay and we sell some of our overall out of the garden .that pays more than you'd think but we keep 4-5 calves for meat for us and kids so saving us all money.

 

[DarnYankeeUSMC]

The nat debt will never be paid and everyone knows that. As soon as some circumstance comes about that makes others no longer willing to buy our debt at shit yields, it's over. What's the fed going to do to slow inflation, raise rates??? LOL

IIRC just a few weeks ago short term bonds went to the negative interest rate.

Raising the interest rate was the tool for the Fed to slow inflation and that tool is no longer available. $30 trillion in debt and if the interest rate goes to 1.5% they will not be able to service the interest on it.
But hey they are going to start the entertainment down at the arena. The gladiators will keep the people entertained while Rome burns. NASCAR will be on TV today soon to be followed by baseball, basketball and whatever. The arena is now your couch.

 

[Bigfatcock]

A lot of my land is leased out To people for farming, and I lease to them for significantly less than others around charge so they make more money. They maintain my roads and gates. Only one family is allowed to hunt on it, and they maintain my gates, feeders, and feed plots in exchange.

Has worked very well for years. My land is always ready when I go to vacation and use it. Contractors broke ground this week for my range. Will be 1,000 yards with covered shooting area, anchored concrete benches, reloading house/club house, heated shooting position for winter time, electronic target system, and permanent steel target locations.

 

[atepointer]

Timber ,hay and we sell some of our overall out of the garden .that pays more than you'd think but we keep 4-5 calves for meat for us and kids so saving us all money.

That's great any time a man can lay out a plan, meet his desired end goals and do it free of the shackles of indentured servitude(paying the bank).....he's doing something right. Best of luck to you and your family.

 

[atepointer]

A lot of my land is leased out To people for farming, and I lease to them for significantly less than others around charge so they make more money. They maintain my roads and gates. Only one family is allowed to hunt on it, and they maintain my gates, feeders, and feed plots in exchange.

Has worked very well for years. My land is always ready when I go to vacation and use it. Contractors broke ground this week for my range. Will be 1,000 yards with covered shooting area, anchored concrete benches, reloading house/club house, heated shooting position for winter time, electronic target system, and permanent steel target locations.

You need sign at firing line 'Bigfatcock is blowing high pressure loads'.

 

[Bigfatcock]

You need sign at firing line 'Fatcock blowing high pressure heavy loads beware'.

Lol. Bench rest has always been my passion, and now I can test all I want without having to worry about the line going cold.

 

[atepointer]

Lol. Bench rest has always been my passion, and now I can test all I want without having to worry about the line going cold.

That's fantastic. What part of the country do you live in...out west-ish?

 

[Bigfatcock]

That's fantastic. What part of the country do you live in...out west-ish?

South east in a free state that has opened up. FTW.