Hedge fund giant Elliott warns looming hyperinflation could lead to ‘global societal

Walt said:
50% a month is 12,975% per year. If you take 1.5 exponential 12, you get 12,975%. So hyperinflation is usually stated as either 50% a month, or 10,000% a year. I am sorry you have so much trouble with math.

We have not even seen double digit inflation, and you are talking about 5 digit inflation? Anything is possible, but this seems far fetched to me.
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It's not me saying that Salty, it's two billionaire hedge fund managers who might just know a fuckton more than you about the subject. One thing I've learnt over the years is expect the unexpected, they are saying that this time round the unfolding scenario may well be unlike anything previously. You'd do well to heed their words.
 
Walt said:
That was nearly a year ago. It was not a "few weeks" ago, as you claim. In the last year, interest rates have doubled. That is bad, but nowhere near as bad as your claim that in a few weeks they have tripled.

The reason interest rates have gone up is because we are getting inflation under control. It is not going to lead to hyperinflation.
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Walter posted:

“Interest rates were below 3%, not near 2%, because they were always much closer to 3% than to 2%.”

That was a lie, Walter.

According to Freddie Mac's Primary Mortgage Market Survey, the interest rate in the first week of January 2022 was as follows: 30-year mortgage: 3.22% 15-year mortgage: 2.43% 5/1 adjustable-rate mortgage (ARM): 2.41%

That 2.41% rate is nearer to 2% than 3%, Walter.

Your credibility is gone, Walter.

Go buy some.
 
Walter won’t address his post from yesterday, “no one can be forced to commit a crime.”

He won’t admit he is wrong about 2.43% being nearer to 2% than 3%.

Poor Walter.
 
Primavera said:
It's not me saying that Salty, it's two billionaire hedge fund managers who might just know a fuckton more than you about the subject.
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Jonathan Pollock is not a billionaire; Singer is not enough of a billionaire to spawn other billionaires. Singer really is a billionaire, but much of where he made his money from is other people being panicked by his pronouncements. If you want to add your money to his billions, feel free to.

The fact is that the rest of the market, with its several thousand billionaires, disagrees with Singer.
 
It does not take an MBA to understand that poor Walter is not well versed in economics.

Or looking at existing economic conditions and deciding to just whistle past the graveyard.
 
Our portfolio was nearer to 7 figures than the 6 figures now since Biden drove the country into the ground along with the stock market.

Biden did this.
 
Earl said:
Three hundred million is nearer to 1 billion than poor Walter will ever get.
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Primavera was incorrect to claim he was a billionaire. You use $300 million, which is the most often given amount of money, but is that right? The news claimed Epstein was a billionaire, but he was not. Many times these people push up their claimed net worth.

If Primavera had started with two wealthy people see a chance of hyperinflation, I guess I would have nothing to disagree with. Singer is definitely wealthy.

But it brings us to the fact that the other 99.9% of the market disagrees with them... And they make money off of spooking people.
 
Earl said:
Our portfolio was nearer to 7 figures than the 6 figures now since Biden drove the country into the ground along with the stock market.

Biden did this.
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6 and 7 figures are ranges. You cannot be nearer one or the other. You are either in one, or the other (or you are beneath or above).

The stock market went up under Biden, and then came back down. But has not gone much below where it started under Biden.
 
"WASHINGTON (September 28, 2022) – Pending home sales sagged for the third straight month in August, according to the National Association of REALTORS®. Three out of four major regions experienced month-over-month decreases in transactions, however, the West saw a modest gain. Year-over-year, all four regions posted double-digit declines.

The Pending Home Sales Index (PHSI),* www.nar.realtor/pending-home-sales, a forward-looking indicator of home sales based on contract signings, fell 2.0% to 88.4 in August. Year-over-year, pending transactions dwindled by 24.2%. An index of 100 is equal to the level of contract activity in 2001.

"The direction of mortgage rates – upward or downward – is the prime mover for home buying, and decade-high rates have deeply cut into contract signings," said NAR Chief Economist Lawrence Yun. "If mortgage rates moderate and the economy continues adding jobs, then home buying should also stabilize."

Yun expects the economy will remain sluggish throughout the remainder of this year, with mortgage rates rising to close to 7% in the coming months.

"Only when inflation calms down will we see mortgage rates begin to steady," said Yun.

As a result of the current interest rate environment and weaker economic activity, NAR expects existing-home sales to decline 15.2% in 2022, to 5.19 million units, while new home sales are projected to fall by 20.9%.

Yun notes that limited housing inventory and almost non-existent distressed property sales have supported home prices. Overall, he forecasts prices will rise by 9.6% in 2022."

https://www.nar.realtor/newsroom/pending-home-sales-dropped-2-0-in-august

This should frighten anyone with a modicum of economic knowledge.
 
Earl said:
Three hundred million is nearer to 1 billion than poor Walter will ever get.
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The article said that hyperinflation COULD result from the many mistakes initiated by Biden and the Fed, but that's all Salty needs to go off on one!!

Elliott executives warned clients that the idea that “‘we will not panic because we have seen this before’ does not comport with the current facts.”

They blamed central bank policymakers for the current global economic situation, saying they had been “dishonest” about the reason for high inflation. They said lawmakers had shirked responsibility by blaming it on supply chain disruption caused by the pandemic instead of loose monetary policy imposed two years ago during the COVID-19 peak.
 
Techno-Feudalism and you.


"You Will Own Nothing and Be Happy," Klaus Schwab
https://www.americaoutloud.com › you-will-own-nothing-and-be-happy-klaus-schwab
"You Will Own Nothing and Be Happy," said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum. As Anthony P. Mueller, a professor of economics, warns, "The main thrust of the forum is global control. Free markets and individual choice do not stand as the top values, but state interventionism and collectivism.
Klaus Schwab says - You will Own Nothing in 10 years
https://www.armstrongeconomics.com › world-news › conspiracy › klaus-schwab-says-you-will-own-nothing-in-10-years
"You'll own nothing" — And "you'll be happy about it." "The U.S. won't be the world's leading superpower" "You won't die waiting for an organ donor" — They will be made by 3D printers "You'll eat much less meat" — Meat will be "an occasional treat, not a staple, for the good of the environment and our health."
Klaus Schwab | You Will Own Nothing and Be Happy
https://www.aatventure.news › posts › klaus-schwab-you-will-own-nothing-and-be-happy
The World Economic Forum says by 2030, you will own nothing and you will (still) be happy and a "Great Reset" will occur after COVID-19. What do they mean? The headline to this story is from Klaus Schwab, the Founder and Executive Chairman of the World Economic Forum, the International Organization for Public-Private Cooperation.
In 2030, You'll Own Nothing And Be Happy About It - Medium
https://medium.com › illumination › in-2030-youll-own-nothing-and-be-happy-about-it-abb2835bd3d1
"You'll own nothing" — And "you'll be happy about it." That is an adamant one. Since early humans, we wanted to own something; either a cave, a land, a flock of animals, tools, furniture,...
You'll own nothing and you'll be happy | The Great Reset | Klaus Schwab ...
https://www.youtube.com › watch?v=2IzwiH40JOc
In this video I discuss the intentions of the World Economic Forum and their idea of the great reset. Remember to LIKE and SUBSCRIBE! Also please SHARE this ...
New insight on Klaus Schwab's 'You will own nothing and be happy': How ...
https://christianresearchnetwork.org › 2022 › 07 › 16 › new-insight-on-klaus-schwabs-you-will-own-nothing-and-be-happy-how-ai-and-the-internet-of-things-will-control-everything-you-do-in-life
When Klaus Schwab or some other globalist tells you that you will own nothing, they don't necessarily mean that you will literally not own a thing and just rent everything from the billionaires. If that happened, Amazon and Walmart would go out of business. And we all know that cannot be allowed to happen.
You Will Own Nothing And Be Happy. Weekly Market Update 11-22-20
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What is the World Economic Forum and who is Klaus Schwab? Are the globalists using the supposed climate change crisis and the Chinese virus crisis to foist a...
Own Nothing Be Happy - YouTube
https://www.youtube.com › watch?v=Fsd9T3pT93E
Klaus Schwab serenades you to a familiar tune. He'd like you to "own nothing and be happy". The World Economic Forum would love you to surrender your persona...
New insight on Klaus Schwab's 'You will own nothing and be happy'
https://www.informedchoiceaustralia.com › post › new-insight-on-klaus-schwab-s-you-will-own-nothing-and-be-happy
New insight on Klaus Schwab's 'You will own nothing and be happy' How AI and the Internet of Things will control everything you do in life. https://leohohmann.com/ A friend contacted me today and informed me that the luxury carmaker BMW has announced plans to charge car owners $18 a month for heated seats. By itself, this sounds like no big deal.
WEF Caught Scrubbing 'You Will Own Nothing and Be Happy' Post From ...
https://newspunch.com › wef-caught-scrubbing-you-will-own-nothing-and-be-happy-post-from-internet
WEF Caught Scrubbing 'You Will Own Nothing and Be Happy' Post From Internet Fact checked June 9, 2022 Baxter Dmitry News, US 5 Comments SHARES Klaus Schwab's World Economic Forum has quietly deleted the infamous "You will own nothing and be happy" tweet and article from the internet and want you to forget they ever said this.
 
Now is the time.



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Jesus said to them, “I am the bread of life; whoever comes to me shall not hunger, and whoever believes in me shall never thirst.

:nolovejesus:
 
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