Black Monday

[Bjauck]

We'll be using those as skipping stones soon enough

A Platinum 1 oz trillion dollar coin will be worth a small discount to the current value of the precious metal. If Uncle Sam forced people to accept trillion dollar one ounce platinum coins as settlement of debt, the resultant inflation would render the metal content of the coin much more valuable than its face value.

My 1/10 oz gold Britannia has a face value legal tender of 10 GBP but it would be stupid to go to a shop in the UK to buy items priced at 10 GBP, as the value of its gold is currently 129 GBP. So its melt-down value is about 115 GBP..

[winner69]

Not that many years ago (this century) I posted that debt around the world was trilions and got well and truly lambasted for exaggerating things ……like comments ‘you have no idea how much a trillion is’ / ‘do you even know how many billions in a trillion?’

How the world has changed

Reminded me when US was in Iraq Bush’s aide told him they had killed a brazillian and was asked ‘how many millions in a brazillian’

[BlackPeter]

...

Reminded me when US was in Iraq Bush’s aide told him they had killed a brazillian and was asked ‘how many millions in a brazillian’

Ouch.

Thanks for reminding us that the US have a proud history of Republican idiots running the white house ...

[Bjauck]

Ouch.

Thanks for reminding us that the US have a proud history of Republican idiots running the white house ...

I am sure Trump would have known what a Brazilian was!

[Hoop]

" Not that many years ago (this century) I posted that debt around the world was trilions and got well and truly lambasted for exaggerating things ……like comments ‘you have no idea how much a trillion is’ / ‘do you even know how many billions in a trillion?’

........................................"

Quadrillions next ..eh Winner

[Tomtom]

There's something behind your ear.. a $1T coin maybe.

With the way inflation is going in a few years you won't get change for a metric pint of milk.

[causecelebre]

I am sure Trump would have known what a Brazilian was!

As would President Clinton, no doubt

[bull....]

heres an article from global times on evergrande laying out how they might manage the downfall

GT Voice: External pressure won’t affect China’s pace of deflating bubbles

https://www.globaltimes.cn/page/202110/1235756.shtml

[greater fool]

https://www.cnbc.com/2021/10/12/a-re...ndustries.html

"Workers left their jobs at a record pace in August, with bar and restaurant employees as well as retail staff quitting in droves, the Labor Department reported Tuesday.
Quits hit a new series high going back to December 2000, as 4.3 million workers left their jobs. The quits rate rose to 2.9%, an increase of 242,000 from the previous month, which saw a rate of 2.7%, according to the department’s Job Openings and Labor Turnover Survey. The rate, which is measured against total employment, is the highest in a data series that goes back to December 2000."



https://asiatimes.com/2021/10/inflat...lobber-stocks/

"More than 50% of respondents to the National Federation of Independent Business September survey said that jobs are hard to fill, by far the highest proportion in history.
In other words, even a 4% pay increase isn’t enough to lure workers back into the workforce. That means weaker supply chains, more production delays, and even higher inflation.
At some point the Federal Reserve will have to do what it has done so many times in its depressing past – namely, tighten monetary policy and reduce demand. If people can’t get credit, they won’t buy things at higher prices. But that means a much slower economy, lower profits and a nasty shakeout in the stock market."

[Panda-NZ-]

https://www.cnbc.com/2021/10/12/a-re...ndustries.html

"Workers left their jobs at a record pace in August, with bar and restaurant employees as well as retail staff quitting in droves, the Labor Department reported Tuesday.
Quits hit a new series high going back to December 2000, as 4.3 million workers left their jobs. The quits rate rose to 2.9%, an increase of 242,000 from the previous month, which saw a rate of 2.7%, according to the department’s Job Openings and Labor Turnover Survey. The rate, which is measured against total employment, is the highest in a data series that goes back to December 2000."

People there are truly vile as customers.

I don't know why nurses stay only to treat self-inflicted health issues (both corona and obesity).

Simply take a holiday for two years