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Need some economic doom stats, please

 
Happy in Nature
the earth laughs in flowers

User ID: 81071993
United States
12/18/2021 11:46 AM

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Need some economic doom stats, please
(Long, but backstory important.)

I am the beneficiary of a small fund (fraction of a fraction) that I have no control over. The investment managers are morons. The last one did not know what the CPI was and she wasn't fired after admitting that in a conference call. Their track record is terrible. Big declines when adjusted for inflation.

In 2008, I was a daytrader and on GLP all the time looking for news that might affect the markets. Because of GLP, instincts and financial astrology, I successfully prognosticated the monthly highs and lows of a dozen blue chip stocks and the to trade within a fifteen minutes in the trading day covering a six month period, ending n October 2008. I told the bank six months out to the day of the NYSE/NASDAQ lows, including September 15, 2008, the day Lehman filed for bankruptcy. When we threatened legal action because the investment manager refused to do the trades, all of which would have been profitable and would have tripled the value of the investment in six months with no risk because they were blue chips (Apple had $100 swings) that are astronomical today, the legal department had a conference call. Me and the big boys at a bank, plus the CPI ignoramus. One of the trustees died, so without 2 votes of the 3 trustees, the bank refused to budge.

I crushed them thanks to GLP. I had tons of statistics, news bits, and irrefutable evidence. The recipients all wanted to invest in physical gold, but the investment manager refused to open a commodities account. One broker suggested I buy a silo of corn, since it was no better than gold.

The call took place 8 a.m. September 12, 2008. I told the big boys Lehman was going down Monday and I wanted to find a way to short it before trading hours on the 12th. They laughed at me. I had no internet connection that day and a major power outage, so I didn't trade, but I had been charting it for a month and made some money from short sales as it declined. They laughed at me. Silo guy made another facetious comment. We know what happened Monday.

I am sharing this backstory because the dollar value of the investment is at 2008 levels. It sucks. We are not talking huge sums of money, so going to court isn't an option for the members. The lawsuit costs exceed the value of the account. The bank knows this, but aside from filing complaints with the securities commission, there isn't anything we can do. Everything the bank is doing is in violation of their contract and the law, but the courts are already more than a year backlogged.

I think the only thing we can do is inundate the investment managers and their supervisors/managers with economic doom stats and news stories. They refused to invest in mining stocks, calling it too risky, even though everyone wants it and no one would hold the bank liable if the investment went south. Suspicious, yes.

Because my diluted share provides about a thousand dollars of income on a good year, I can afford a fuck you relationship with the bank. I don't care, I just don't want them to win. The manager and his department head were on the phone, berating me when I asked them to prove that economic recovery is possible given the worthless nature of the US dollar, supply chain breakdowns, and employee shortages.

I need more ammunition like that. I included the truck chassis info from the truckers, explaining why they cannot unload the ports in LA, Evergrande, China's doom, US Producer Price Index, CPI, etc.

There are probably a few others here with shared investment accounts or family trusts going through similar fights with their banks. I know they don't want the little people dumping the stocks, which is why the banks create these crazy investment guidelines. They never tell their clients to take the profits and sell when it tops. This was our fight last year.

Making the trades requires a capital gains tax, which I think is 20%. The value of the account goes down until the mining stocks bounce, but at least the investments that cannot survive a crash will be gone. The banks commission decreases for that year, maybe a thousand dollars less in fees for the bank that makes more in fees than profits for the recipients. We have had a few issues with the health of one trustee; without a majority and his help, it is tedious to try to fight the banks. Managing this fund away from the bank is not wortht the stress on his health. I am trying to help, but I have no authority. I am the squeaky wheel who wants to continuously remind them that they are morons because I can. I enjoy it to a point, but they are so stupid. I honestly cannot tell if they are vaxxed with memory issues because they have always been ridiculously stupid. "Only old ladies with too many cats invest in physical bullion." Yes, that is an actual quote said to me when I was in my 30s and gold was trading at $280. They ignored the report with the bullion holdings of Gates, Buffet, Soros, Russia, and China.

Pleas help me find some good statistics, news stories and zingers to share withe ban. I already told one lady that if she knew how to make money, she would be home trading crypto instead of working as a cog for a shitty bank.

My email is going to the legal department, so we want legal to know that we called the upcoming market collapse and if they refuse to honor the trades and the market collapses, we have a valid claim against the bank.

Thank you for any help you can give me so I can say a proper fuck you to the lawyers and analysts, while destroying their arguments with GLP econ doom porn.
Dalek Uno
User ID: 80232885
Germany
12/18/2021 11:48 AM
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Re: Need some economic doom stats, please
Inflation is so bad, that the UK has started tightening via rate hikes.
Happy in Nature  (OP)
the earth laughs in flowers

User ID: 81071993
United States
12/18/2021 11:50 AM

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Re: Need some economic doom stats, please
Inflation is so bad, that the UK has started tightening via rate hikes.
 Quoting: Dalek Uno 80232885

Thank you. That is a good bullet point.
Mr.Borg

User ID: 81433433
12/18/2021 02:59 PM

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Re: Need some economic doom stats, please
There are three distinct types of events called "inflation".

When economists in the northern hemisphere talk about inflation, they are usually talking about "debt growth", which means that new money has been put into the economy and has been taken by
"Real investors", those who go to the bank to take a loan to create something useful for themselves or for society. This is the type of inflation that is considered good for society, as it represents economic growth, and in the end it ends up removing money from the economy rather than increasing it. It is this inflation that for decades central banks have tried to create, without success. Usually new money is created by the Fed and taken by the speculative market, which does not promote real debt growth, as speculation in imaginary assets creates a multiplicative effect on these debts, which nullifies its expected effects on the Fed's cash books.

The second type of inflation is price inflation, it is caused by sudden imbalances between the supply and demand of goods and services, as occurred in the pandemic. Wages do not follow these sudden changes in prices, causing more unrest, demanding economic emergency actions by governments, such as issuing "emergency aid" to the population, which ends up indebting governments and leading to the third type of inflation.

The third type is "inertial inflation", and it occurs when there is demand from the population for wage increases to keep up with rising prices, usually with strikes and violent demonstrations. Government officials are the first to receive salary adjustments, which signals society that there will be more money flowing in, which leads to further price increases.....this is a snowball that leads to "hyper inflation" , the final state of a coin's life cycle.

The dollar is entering the third type, in a few months it will be in the final stage.

The whole world has already positioned itself for this event: the death of the dollar, will be sudden and violent.
Happy in Nature  (OP)
the earth laughs in flowers

User ID: 81071993
United States
12/18/2021 04:25 PM

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Re: Need some economic doom stats, please
There are three distinct types of events called "inflation".

When economists in the northern hemisphere talk about inflation, they are usually talking about "debt growth", which means that new money has been put into the economy and has been taken by
"Real investors", those who go to the bank to take a loan to create something useful for themselves or for society. This is the type of inflation that is considered good for society, as it represents economic growth, and in the end it ends up removing money from the economy rather than increasing it. It is this inflation that for decades central banks have tried to create, without success. Usually new money is created by the Fed and taken by the speculative market, which does not promote real debt growth, as speculation in imaginary assets creates a multiplicative effect on these debts, which nullifies its expected effects on the Fed's cash books.

The second type of inflation is price inflation, it is caused by sudden imbalances between the supply and demand of goods and services, as occurred in the pandemic. Wages do not follow these sudden changes in prices, causing more unrest, demanding economic emergency actions by governments, such as issuing "emergency aid" to the population, which ends up indebting governments and leading to the third type of inflation.

The third type is "inertial inflation", and it occurs when there is demand from the population for wage increases to keep up with rising prices, usually with strikes and violent demonstrations. Government officials are the first to receive salary adjustments, which signals society that there will be more money flowing in, which leads to further price increases.....this is a snowball that leads to "hyper inflation" , the final state of a coin's life cycle.

The dollar is entering the third type, in a few months it will be in the final stage.

The whole world has already positioned itself for this event: the death of the dollar, will be sudden and violent.
 Quoting: Mr.Borg

I am going to quote you almost entirely and ask that te bank acknowledge this. Thank you.
Anonymous Coward
User ID: 64141440
United States
12/18/2021 05:11 PM
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Re: Need some economic doom stats, please
Money comes from the mountain.Money substitute comes from the forest.Bitcoin seeped out of the brain.





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