Greetings all!
I just posted this elsewhere, but thought it might be good to post it here as well. It would give me a chance to say hello to everyone again as well.
But the question of this thread is: Will we be returning to a 19th Century standard of living in the not-too-distant future?
The inflation rate just jumped to a 39 year high last week, with no end in sight yet. The reason is obvious to those who understand economics. In order to keep economies running smoothly in the aftermath of the epidemic, most nations have begun pumping billions and even trillions of units of currency into their economies, which is now devaluing them at a rapid pace. The US put 5 trillion into their system, and whenever making money out of thin air is adopted as the short term solution for economic problems like what we have been facing, the end result is inflation sooner or later, and this is what we are seeing transpire now.
Will it eventually become so bad that we return to a 19th century standard of living in the Western world? The following was suggested by a prophetic dream posted by a member at another forum a few weeks ago. I will present it in three parts, together with my own interpretation. It has humorous aspects to it, possibly to make it more memorable, but the underlying meaning isn't all that funny. I will present it here as food for thought. Should it indeed be prophetic, we would all do well to prepare for what is coming so as not to be caught off guard by the changes that befall society.
Catfish in the Mercantile Bank Lobby Dream, Part 1:
I am in the lobby of the Mercantile Bank and sometimes I am in line for the teller; sometimes I am filing out paperwork at one of those raised tables in the lobby. There is four feet of muddy water everywhere. The ceiling is about 30 feet tall and the windows are five feet wide and 15 feet tall and they are all around the building. It is sunny out, the sun seems to be in the morning above the horizon and seems to be circling the building every couple of minutes, producing a lot of moving shadows, but also glare off of the gold and silver fixtures. The front door is one of those turnstiles. Not in the water because you have to walk in and go down some steps into the lobby. So we had to walk down into the water.
Everybody is going about their business like this is normal. But they understand that I do not think it is normal because they keep reassuring me that everything is ok. The people are not saying anything to me that could be meaningful. Everybody is dressed in 19th century dress attire, suits and such. My only big concern are my new hunting boots.
So I am standing in line in four foot of water, looking at the Teller behind black rod iron bars, early 19th century style. Then I realize that the Teller is a very well dressed, man-sized cat....what I call golden stripped cat. 19th century style clothes with a cigar smoking in an ashtray. There is one of those large 19th century golden cash registers there to the Teller's left. He is not in the water because other well dressed animals are walking around behind him....not in water....going about their jobs.
The phrase "not in water" is what keyed me off in reading this dream. The expression being "underwater" is a financial term sometimes used regarding owing more on one's home than what it is worth. One article puts it this way:
"Underwater" is the term for a financial contract or asset that is worth less than its notional value... More commonly, the term is used in relation to a house or another substantial asset which has an outstanding mortgage or loan on the asset that is a larger amount than what the asset is worth. "Underwater" is sometimes also referred to as "upside-down." A homeowner is underwater if their mortgage is larger than what the home is worth.
What Does Underwater Mean in Finance?
As the following article from 2017 added, many in the US are actually already "underwater," with more debt than they can service even now:
While the media reports low unemployment and a rising stock market, the reality is that almost 20 percent of the country lives in “Underwater Nation,” with zero or even negative net worth... They’re disproportionately rural, female, renters, and people without a college degree. But the underwater ranks also include a large number of people who appear to be in the stable middle class... A Bankrate survey found that 63 percent of U.S. households lack the cash or savings to meet a $1,000 emergency expense. They’d have to borrow from a friend or family, or put costs on a credit card. Seven percent of U.S. homeowners are underwater homeowners, with mortgage debt higher than the value of their homes. And more and more people have taken on credit card debt to pay the bills.
More Americans Are Drowning Financially in Underwater Nation - Institute for Policy Studies
The above is what I think this dream is predicting, but on a much larger scale. As inflation rates continue to rise, this combined with what will likely be a stagnating economy will likely lead to only one option: Many will have to keep borrowing against any available assets they have just to make ends meet, and this will eventually mean taking out loans on their mortgages and/or refinancing them until they eventually have zero equity left and their homes go completely "underwater."
Before going on to explain the rest of the dream, the last time the US went into a serious depression was 2007-2008, and it was during this time that a housing bubble occurred. This put many underwater on their homes at that time, because it greatly devalued home market values:
The 2008 financial crisis had numerous effects on the U.S. economy. One such effect was a bursting housing bubble that substantially deflated real estate property values across the market. A primary catalyst for the housing value deflation was loose lending standards for borrowers providing for broader mortgage loan approvals. This loose lending specifically to subprime borrowers led to a heightened number of defaults and foreclosures which effected real estate property values across the U.S. market. This led to a variety of uncommon situations causing losses for borrowers across the market whose mortgage loan values exceeded their home’s fair market value.
What Is an Underwater Mortgage?
The stage could be set for this to happen again, and that on top of potential hyper-inflation setting in. Big money has recently been buying up huge chucks of real estate which is causing home values to skyrocket, but this has now created a precarious situation. All they need to do now is simply reverse direction and start selling at record rates and the bottom could fall out of the real estate market, bursting the bubble, and creating a situation where home prices fall out of the sky, and they can be purchased at half the price of their current value. If I can get around to explaining it later, this may well have been part of the plan the banking elite put into place from the start, going back to well more than a hundred years ago.
A few additional notes on the interpretation of Part 1:
- The sun moving across the horizon very quickly represents the passage of time, which the man who had this dream said is what he sensed as well. It represents going from the 19th century to now, where he has modern hunting boots on, and by that symbolism what I believe is being represented is that the conditions they had then will be what we are returning to in the not so distant future.
- While everyone else is apparently financially underwater and dependent upon the banks, the bank itself appears to be doing exceedingly well. Everything is decorated in "gold and silver fixtures," with the sunlight gleaming off of them. This is representative of the banks getting richer, even as the rest of society is mired in the muck of poverty and indebtedness.
I just posted this elsewhere, but thought it might be good to post it here as well. It would give me a chance to say hello to everyone again as well.
But the question of this thread is: Will we be returning to a 19th Century standard of living in the not-too-distant future?
The inflation rate just jumped to a 39 year high last week, with no end in sight yet. The reason is obvious to those who understand economics. In order to keep economies running smoothly in the aftermath of the epidemic, most nations have begun pumping billions and even trillions of units of currency into their economies, which is now devaluing them at a rapid pace. The US put 5 trillion into their system, and whenever making money out of thin air is adopted as the short term solution for economic problems like what we have been facing, the end result is inflation sooner or later, and this is what we are seeing transpire now.
Will it eventually become so bad that we return to a 19th century standard of living in the Western world? The following was suggested by a prophetic dream posted by a member at another forum a few weeks ago. I will present it in three parts, together with my own interpretation. It has humorous aspects to it, possibly to make it more memorable, but the underlying meaning isn't all that funny. I will present it here as food for thought. Should it indeed be prophetic, we would all do well to prepare for what is coming so as not to be caught off guard by the changes that befall society.
Catfish in the Mercantile Bank Lobby Dream, Part 1:
I am in the lobby of the Mercantile Bank and sometimes I am in line for the teller; sometimes I am filing out paperwork at one of those raised tables in the lobby. There is four feet of muddy water everywhere. The ceiling is about 30 feet tall and the windows are five feet wide and 15 feet tall and they are all around the building. It is sunny out, the sun seems to be in the morning above the horizon and seems to be circling the building every couple of minutes, producing a lot of moving shadows, but also glare off of the gold and silver fixtures. The front door is one of those turnstiles. Not in the water because you have to walk in and go down some steps into the lobby. So we had to walk down into the water.
Everybody is going about their business like this is normal. But they understand that I do not think it is normal because they keep reassuring me that everything is ok. The people are not saying anything to me that could be meaningful. Everybody is dressed in 19th century dress attire, suits and such. My only big concern are my new hunting boots.
So I am standing in line in four foot of water, looking at the Teller behind black rod iron bars, early 19th century style. Then I realize that the Teller is a very well dressed, man-sized cat....what I call golden stripped cat. 19th century style clothes with a cigar smoking in an ashtray. There is one of those large 19th century golden cash registers there to the Teller's left. He is not in the water because other well dressed animals are walking around behind him....not in water....going about their jobs.
The phrase "not in water" is what keyed me off in reading this dream. The expression being "underwater" is a financial term sometimes used regarding owing more on one's home than what it is worth. One article puts it this way:
"Underwater" is the term for a financial contract or asset that is worth less than its notional value... More commonly, the term is used in relation to a house or another substantial asset which has an outstanding mortgage or loan on the asset that is a larger amount than what the asset is worth. "Underwater" is sometimes also referred to as "upside-down." A homeowner is underwater if their mortgage is larger than what the home is worth.
What Does Underwater Mean in Finance?
As the following article from 2017 added, many in the US are actually already "underwater," with more debt than they can service even now:
While the media reports low unemployment and a rising stock market, the reality is that almost 20 percent of the country lives in “Underwater Nation,” with zero or even negative net worth... They’re disproportionately rural, female, renters, and people without a college degree. But the underwater ranks also include a large number of people who appear to be in the stable middle class... A Bankrate survey found that 63 percent of U.S. households lack the cash or savings to meet a $1,000 emergency expense. They’d have to borrow from a friend or family, or put costs on a credit card. Seven percent of U.S. homeowners are underwater homeowners, with mortgage debt higher than the value of their homes. And more and more people have taken on credit card debt to pay the bills.
More Americans Are Drowning Financially in Underwater Nation - Institute for Policy Studies
The above is what I think this dream is predicting, but on a much larger scale. As inflation rates continue to rise, this combined with what will likely be a stagnating economy will likely lead to only one option: Many will have to keep borrowing against any available assets they have just to make ends meet, and this will eventually mean taking out loans on their mortgages and/or refinancing them until they eventually have zero equity left and their homes go completely "underwater."
Before going on to explain the rest of the dream, the last time the US went into a serious depression was 2007-2008, and it was during this time that a housing bubble occurred. This put many underwater on their homes at that time, because it greatly devalued home market values:
The 2008 financial crisis had numerous effects on the U.S. economy. One such effect was a bursting housing bubble that substantially deflated real estate property values across the market. A primary catalyst for the housing value deflation was loose lending standards for borrowers providing for broader mortgage loan approvals. This loose lending specifically to subprime borrowers led to a heightened number of defaults and foreclosures which effected real estate property values across the U.S. market. This led to a variety of uncommon situations causing losses for borrowers across the market whose mortgage loan values exceeded their home’s fair market value.
What Is an Underwater Mortgage?
The stage could be set for this to happen again, and that on top of potential hyper-inflation setting in. Big money has recently been buying up huge chucks of real estate which is causing home values to skyrocket, but this has now created a precarious situation. All they need to do now is simply reverse direction and start selling at record rates and the bottom could fall out of the real estate market, bursting the bubble, and creating a situation where home prices fall out of the sky, and they can be purchased at half the price of their current value. If I can get around to explaining it later, this may well have been part of the plan the banking elite put into place from the start, going back to well more than a hundred years ago.
A few additional notes on the interpretation of Part 1:
- The sun moving across the horizon very quickly represents the passage of time, which the man who had this dream said is what he sensed as well. It represents going from the 19th century to now, where he has modern hunting boots on, and by that symbolism what I believe is being represented is that the conditions they had then will be what we are returning to in the not so distant future.
- While everyone else is apparently financially underwater and dependent upon the banks, the bank itself appears to be doing exceedingly well. Everything is decorated in "gold and silver fixtures," with the sunlight gleaming off of them. This is representative of the banks getting richer, even as the rest of society is mired in the muck of poverty and indebtedness.
Last edited: