Doomstead

New topic to cover what's going on in the currency markets.

Rising Inflation has been a problem here in the FSoA, but compared to what's ongoing in the 3rd world right now, the Dollar is still comparatively a rock of stability.  That could change at any time of course, since these valuations are all mainly based on confidence and little else.  Any big enough disruption to a systemically important bank or country can set the whole house of cards tumbling at any time.

Several Central and South American countries have had to "dollarize" their economies as confidence in their own local currencies have plummeted.  This because their ability to borrow money and sell bonds denominated in their own currency has dropped to Junk status.  The problem with dollarizing is having enough of them around to do any transactions at all inside the country.

Back when I lived in Rio, this was occuring in Brazil as they defaulted on some loans they had been issued by my dad and other banksters, at which time Chase picked up ownership of a couple of Brazilian Banks and basically took over ownership of the country.  Locally, when I arrived the currency was the Cruuzeiro, a couple of zeros were knocked off and it was transformed into the Cruzado,  and then later again to the Real.

This action is now occuring in Zimbabwe as inflation has topped 50%, and they're making a last ditch attempt to keep from dollarizing.  Unless they can get a big bank like Chase to buy them out, this is unlikely to succeed.

The more of these economies that crash happen, the more unstable the whole edifice becomes.  So here in this thread, we can keep track of the global currency collapses.

https://apnews.com/article/zimbabwe-new-currency-inflation-us-dollar-06a656260462d9651112e394e125c5e6

Zimbabwe introduces new currency as depreciation and rising inflation stoke economic turmoil

RE

This is the most effective way to use the BRICS currency group I have heard thusfar as a means to assist the smaller nations with maintaing their ability t function once they start depreciating rapidly against the dollar and start to hyperinflate.  Once they become unable to secure more loans denominated in dollars from the IMF, they can effectively use China's credit and vast reservoir of USTs as a means to inject more of their local currency into their own market without the prices on goods shooting up so fast.

The main problem is how this ends up affecting the value of the renminby if a lot of them need the help at the same time.  That would force a depreciation of the renminby, which they would export as deflationary pressure on the price of Chinese goods on the FSoA market.  Good for the FSoA consumer, but terrible for Da Fed, because they would not be able to control the deflation by further lowering interest rates.  Right now they're trying to hike interest rates back up.

In other words, the blowback is that it would further destabilize international currency swaps as the BRICS and Renminby compete against the dollar for hegemony over inteernational trade.  If the Chinese even come close to winning this baattle, all hell will break loose and I can see no other greater risk for a direct military conflict between the FSoA and the Chinese than this.  The FSoA simply cannot allow the Dollar to lose its power as the Reserve Currency for global trade.  Tariffs and embargoes of Chinese goods would be instituted, they would be accused of dumping cheap merchandise on the markets and basically driving out of business all their competitors.

This is economic warfare at the highest level and something we need to follow closely.  Although most of us believe that even TPTB are not so stupid as to push the button on Gobal Thermonuclear War, a tiger backed into a corner doesn't react using common fucking sense, it lashes out.

Shall we play a game?

 
https://watcher.guru/news/brics-china-makes-major-financial-announcement

BRICS: China Makes Major Financial Announcement

RE

There are so many measures of inflation and the data is manipulated in so many different ways it's almost impossible to ever figure out what's really going on, other than what you see for yourself when you got to the store to buy groceries or a restaurant to buy a meal.

I know that when I last went to Fred Meyer and bought a 6 pack of 16oz Coke, the price had jumped from $6.99 to $8.99.  That's a 30% increase.  I read a story where Mickey Ds raised their price on a "Deal Meal" in CA to $25.  $25 for a fast food meal?  Come on!  They attribute it to the new $20/hr Min Wage for fast food workers in CA.  Right.

Seems to me Da Fed is losing control of the printing press.

https://www.cnbc.com/2024/04/10/the-supercore-inflation-measure-shows-fed-may-have-a-real-problem-on-its-hands.html

The 'supercore' inflation measure shows Fed may have a real problem on its hands

RE

The pounding of the drums gets louder and ask not for which currency the Bell Tolls, it tolls for the dollar in its supreme role as world reserve currency.

Be advised, though the pattern of financial settlements are changing, the vast majority of world assets are denominated in dolllars, so it behooves noone, not even the Chinese to crash the dollar too soon.  The danger lies more in sentiment and in PANIC, which might occur in the case of a major geopoltical shock.  Something like a Ruskie retaliation against theUK with an attack on North Sea Oil platforms.  Or the the Houthis getting hold of a hypersonic missile capable of sinking an aircraft carrier.

The Chinese are just laying the foundation to be able to survive such a shock on the financial level, and hopefully gain an advantage from it.

(https://assets.zerohedge.com/s3fs-public/inline-images/Hinrich-Foundation_Future-of-Tra.jpg?itok=dqHvFEj7)

https://oilprice.com/Energy/Energy-General/The-Start-Of-De-Dollarization-Chinas-Move-Away-From-The-USD.html

The Start Of De-Dollarization: China's Move Away From The USD

RE

What goes round, comes round.  In order to run huge deficits, the FSoA broke thee Bretton Woods agreement and went off Gold in the 1970s.  Ft Knox was bleeding gold as the French wanted to be paid in gold at the time.  The Petrodollar was born soon after.

Fast forward 50 years, the deficit spending is out of control and counries would rather be paidin Gold again.  USTs don't look so safe anymore.  The BRICS load up on gold to back a new currency and kill the dollar.  Fun.  ;D

Definitely getting closer to currency collapse.  The problem with gold is no matter how much they've collected up, it's not enough to handle global trade without the value skyrocketing to ridiculous values.  Like an ounce would buy a house.

Load up on barter items.

https://watcher.guru/news/brics-gold-will-displace-the-u-s-dollar-says-top-analyst

BRICS: Gold Will Displace the U.S. Dollar, Says Top Analyst

RE

QuoteFt Knox was bleeding gold as the French wanted to be paid in gold at the time.

And now the chief frog wants to start a war.

Quote from: K-Dog on Jun 09, 2024, 12:08 AM

QuoteFt Knox was bleeding gold as the French wanted to be paid in gold at the time.

And now the chief frog wants to start a war.

It is a good thing the she-Trump did so well in the Hexagone election.  Now the Macrononi has other things to think about besides killing more Ukrainians.

EU elections seems to have sent a message to the current leaders.  Milquetoast performance kissing the American vegetable president ass has something to do with it in my opinion.  My opinion, and not worth much.  But all the American proxy war has done for Europe is drive up prices.  Do economics affect elections?

The possibility exists.

Quote from: K-Dog on Jun 10, 2024, 12:47 PM

Quote from: K-Dog on Jun 09, 2024, 12:08 AM

QuoteFt Knox was bleeding gold as the French wanted to be paid in gold at the time.

And now the chief frog wants to start a war.

It is a good thing the she-Trump did so well in the Hexagone election.  Now the Macrononi has other things to think about besides killing more Ukrainians.

EU elections seems to have sent a message to the current leaders.  Milquetoast performance kissing the American vegetable president ass has something to do with it in my opinion.  My opinion, and not worth much.  But all the American proxy war has done for Europe is drive up prices.  Do economics affect elections?

The possibility exists.

It would be quite interesting to see how France would function with a hard right president.  Imagine Trump trying to run a country with strong unions and a lively Communist party that loves to strike.

The issue that the right wing parties agree on and their support comes from is the anti-immigration movement.  The 21st century Frog pond however has a huge population from their former colony of Algieria and from Morocco.  Remember of course the film Casablanca, with the frog cop who was Bogey's best buddy.


Viva la France! lol.

Economically, all of the EU is in the toilet and it's hard to see how the National Rally and Reconquest parties can do much about it, even if they could get cheap energy from Vlad the Impaler.

I forsee a fairly chaotic goobermint and a lot of entertaining street action coming from the Lilly Pads on the Ponds of Paris.  The frogs will be hopping.

RE

This shouldn't be much of a surprise after all the Hoopla about the BRICS separating from the dollar in cross currency transactions, as well as readying to launch a BRICS currency backed by Gold.  The FSoA response tightens the sanctions, so the Ruble exchange rate tanks.

The question is how much will this affect the Ruskies in their trade with China and what the Renminby-Ruble exchange rate will end up at.  There has been talk of China devaluing the renminby anyhow, this may force it.  If that happens Chinese toys at Walmart will drop, good newz on inflation, bad newz for manufacturing.  This might force expansion of even more and bigger tariffs.  A self reinforcing positive feedback loop.

Dark clouds on the horizon.  Barometers gettin' low.  According to all sources, down the toilet we will go.

https://www.newsweek.com/moscow-stock-exchange-trade-halted-ruble-collapse-sanctions-1912161

Russians Line Up To Buy US Dollars As Ruble Plummets After New Sanctions

RE

Quote from: RE on Jun 13, 2024, 07:52 PMDark clouds on the horizon.  Barometers gettin' low.  According to all sources, down the toilet we will go.
RE

Again.

Planet X and the Mayan Calendar get my vote for cooler event windups than run of the mill recessions and whatnot. Boo Hoo China. Again. Some of those bird flu hysterics maybe? Covid was bad but hardly a decent doom beyond the economic side effects. The US debt load has a nice windup for something real, that has to impact standards of living, benefits, military size, giving away freebies to Europe and Ukraine, sooner rather than later.

 

Now we know why the BRICS chose this moment in time to announce their intention to launch a new currency backed with Gold and a new cross currency transaction clearing system for trade.  Apparently, the agreement forged in 1973 between the FSoA and the House of Saud to price Oil in Dollars expired a week ago on June 9th.  That is a big fucking deal and I am quite surprised this is the first time I have heard this mentioned.

It was that agreement that stabilized the Dollar after reneging on the Bretton Woods accords after WWII which pegged the Dollar to Gold.  It was the Birth of the "Petrodollar" and solidified the Dollar as World Reserve Currency.  As of June 9th, this is No More.

Now, there are so many dollars sprinkled around the world and so many assets priced in dollars that it doesn't help anyone to crash the dollar overnight, but the future demand for dollars is vastly diminished.  Other countries no longer need to borrow dollars to buy Oil.  They can borrow Rubles or Renminby instead.  Thic almost certainly will lead to lower demand for USTs at the treasury auction, which is going to make it even harder to finance the federal deficit.  The next few treasury auctions could prove very interesting.  Interest rates could skyrocket, bringing on an lmost intant recession.  It could dry up liquidity also, locking up the markets. It's a clusterfuck waiting to happen.

https://www.fxstreet.com/analysis/the-petrodollar-is-dead-and-thats-a-big-deal-202406141938

The petrodollar is dead and that's a big deal

RE

Quote from: RE on Jun 16, 2024, 09:04 AMThe petrodollar is dead and that's a big deal
RE

Reddit had some random commentary on it before it happened, couple weeks ago I think. But no big deal to them. Probably scared of looking like idiots again, dangling that close to another oil topic.

The world's largest oil producer and related companies won't mind too much. Nor will the world's largest natural gas producer, or world's largest LNG exporter.

But markets...well....money changers are just money changers....

One would expect FSoA producers will still accept dollars for oil, the question is how few of them will they take for a barrel?  Will they sell at $60/bl?  $50?  What's the break even point, on average?  Whats the range limits on production cost from FSoA wells lowest/highest?  You should know those figures.

RE

Well, it didn't take long for the shorts to jump.

Commodity analysts at Standard Chartered pointed out that the price undershooting was the consequence of a combination of several factors including extreme macroeconomic pessimism, speculative shorts and over-enthusiastic algorithmic trading that crowded out more fundamentally-based traders. Consequently, oil futures markets flipped to a net short position in Brent, compared with a net long position at the end of the previous week.

It's only 2024!  lol.  2029 is still 5 years away!

Joining the Saudis to go to the mat with the shorts, StanChart is predicting a supply deficit by the end of the year.

StanChart has reiterated its previous assessment that not only can the markets absorb the extra barrels by OPEC+ producers but that a deficit is likely to appear in the latter part of the current year and carry over to 2025.

Today' snapshot:

77.77 USD −0.28 (0.36%)
today
Jun 17, 12:35 AM EDT •

The last time we got down to $70 was the beginning of 2023.  $60 in April 2021.  Bottom a year earlier at $21 at the height of COVID.

I'll update periodically.  When it breaks into the $60s, we'll see how much the frackers still wanna sell.

The Saudis may be trying to do what they did to the Ruskies.  They can't flood the market anymore, but they still can under price pretty much everyone except the Ruskies or  some other Towel Heads.  If the deficit StanChart predicts doesn't turn up, they can undersell to gain market share.  It's a big version of two gas stations having a price war.  Unless the station across the street can sell at the same price, everyone will shop there.  Only if there are still buyers for the higher price gas can they keep selling.  How low can they go, for how long and keep selling?  How elastic is the demand?  How will the economy react?

I think the currency traders smell blood.  Anyone who sees recession coming is going to short oil.  Very entertaining.   ;D

https://oilprice.com/Energy/Crude-Oil/Standard-Chartered-Oil-Markets-Will-Soon-Face-Significant-Supply-Deficits.html

RE

Quote from: RE on Jun 16, 2024, 06:31 PMOne would expect FSoA producers will still accept dollars for oil, the question is how few of them will they take for a barrel?  Will they sell at $60/bl?  $50?  What's the break even point, on average?

The only publically available work I've found at the formation level was here, in August 2022. (https://www.eia.gov/petroleum/weekly/archive/2022/220803/includes/analysis_print.php)
The change in economically recoverability was substantial between $40-$100/bbl.They do not mention work on other formations, but anyone who can put together one of these hard to find constructs, probably has others. The commercial information houses have these types of analytics as well, but they aren't publically available.

Quote from: REWhats the range limits on production cost from FSoA wells lowest/highest?  You should know those figures.
RE

Only experts might know the answer to that, and they aren't allowed to post here as just their expertise along is grounds for censoring the answer.

(https://static.wikia.nocookie.net/evil/images/5/51/The_Thought_Police.jpg)

Quote from: RE on Jun 16, 2024, 10:26 PMI'll update periodically.  When it breaks into the $60s, we'll see how much the frackers still wanna sell.
RE

Fracking companies don't sell oil, they do recompletions on a cost per job basis. The companies contracting out the completion to service companies that do hydraulic fracturing own the oil, and sell it once produced. They will stop drilling and doing completions if the price gets low enough, depending on their breakeven costs for a desired rate of return. The service companies lay people off when business slows down, not just those doing the completions.

Quote from: TDoS on Jun 17, 2024, 09:18 PM

Quote from: RE on Jun 16, 2024, 10:26 PMI'll update periodically.  When it breaks into the $60s, we'll see how much the frackers still wanna sell.
RE

Fracking companies don't sell oil, they do recompletions on a cost per job basis. The companies contracting out the completion to service companies that do hydraulic fracturing own the oil, and sell it once produced. They will stop drilling and doing completions if the price gets low enough, depending on their breakeven costs for a desired rate of return. The service companies lay people off when business slows down, not just those doing the completions.

The question is, at what price does the company who has the lease on the extraction rights stop extracting oil from that location because it costs more than the next link in the chain (the refiner I guess?) will pay for a barrel of it?

I thought your expertiese might finally prove helpful in predicting what price on the futures market would lead to a significant drop in total sales and exports from the FSoA producers?  Oh well, just gotta wait and see.

RE

QuoteOnly experts might know the answer to that, and they aren't allowed to post here as just their expertise along is grounds for censoring the answer.

Actually that is grounds for censoring you.  Not just for misspelling,  Insulting another Diner violates our code of conduct.  You can only mean RE, I or both of us.  Your meaning is clear.

As you were not specific I'll take your insult at being directed at both of us.

The thought police calling us the thought police is a rhetorical trick, but I don't recall which one it is for the life of me.  Can you refresh my memory?  Tu quoque is the one I think it is.  But since you are the one performing the chicanery, why must I guess?  You can just tell me.  I'm dying to know.

Quote from: RE on Jun 17, 2024, 10:38 PMThe question is, at what price does the company who has the lease on the extraction rights stop extracting oil from that location because it costs more than the next link in the chain (the refiner I guess?) will pay for a barrel of it?

The people who know the answer to that question who took the time to post it would have the information hidden, erased, censored or otherwise removed as it is against the rules to be such an expert.

Quote from: REI thought your expertiese might finally prove helpful in predicting what price on the futures market would lead to a significant drop in total sales and exports from the FSoA producers?  Oh well, just gotta wait and see.

RE

What experience? Those with experience enough to be an expert, should they dare to post here, are subject to censorship, banning and misrepresentation should they dare to demonstrate said experience.

Quote from: K-Dog on Jun 17, 2024, 10:56 PM

QuoteOnly experts might know the answer to that, and they aren't allowed to post here as just their expertise along is grounds for censoring the answer.

Actually that is grounds for censoring you.

I completely understand. How dare anyone contradict the accepted herdthink. If this rule was ever challenged, it might reveal that some animals are more equal than others.

Is there a forum where we can try out posts to make sure we don't broach the herdthink rules in advnace(sic) of doing the work, and having itt (sic) either A) all erased or B) hiddden(sic) from others so the animals that are more equal than others can keep such understaanding (sic) to themselves?

Sort of like the Church, back in the day, hiding ideas it didn't like because it might upset the mindless massess (sic), plus the retention of power is all that matters. Even if the followers can be counted on a single hand. Or maybe...two hands...iff (sic) you only allow the thumbs to be counted.

Quote from: TDoS on Jun 18, 2024, 08:29 AM

Quote from: K-Dog on Jun 17, 2024, 10:56 PM

QuoteOnly experts might know the answer to that, and they aren't allowed to post here as just their expertise along is grounds for censoring the answer.

Actually that is grounds for censoring you.

I completely understand. How dare anyone contradict the accepted herdthink. If this rule was ever challenged, it might reveal that some animals are more equal than others.

Is there a forum where we can try out posts to make sure we don't broach the herdthink rules in advnace(sic) of doing the work, and having itt (sic) either A) all erased or B) hiddden(sic) from others so the animals that are more equal than others can keep such understaanding (sic) to themselves?

Sort of like the Church, back in the day, hiding ideas it didn't like because it might upset the mindless massess (sic), plus the retention of power is all that matters. Even if the followers can be counted on a single hand. Or maybe...two hands...iff (sic) you only allow the thumbs to be counted.

Some people are more equal than others here.  RE started the Diner and I am the webmaster.  Anybody else who posts here is a guest.  And that be U.

You are welcome to start the Denial Diner any time you want.  And if you do you can put RE in the cooler any time you want.  Just like he does to you.

I'll clear up a misconception.  We do not have free speech here.  RE and I are tyrants who can do anything we want.  You are free to express many things here which you are not free to express at other places, but free to express anything you want here.  Oh fuck no.  I left my idealism behind long ago so try and understand I am not living by rules here.  I make the rules here.

If you get your own place you can say anything you want.  On your own website you will have free speech.  Just like I do here.  And if you are like me you will remember that it is your tolerance that lets any dissent exist where you pay the bills at all.  Because you will pay the bill and own the place.  Just like I do.

Owning a website gives someone a better understanding of 'free speech'.  It is like being a parent.  It changes you.  Go for it.  In time you will realize what free speech really is.  Currently you have no clue.  I do.  I have been on both sides of the fence, and you have not.

Quote from: K-Dog on Jun 18, 2024, 09:10 AMSome people are more equal than others here.  RE started the Diner and I am the webmaster.  Anybody else who posts here is a guest.  And that be U.

So...you restated what I said because you figure....I didn't already know it? Sorry guys, I know we are all geriatric, but some of us appear to be more geriatric than others.

Quote from: K-DogYou are welcome to start the Denial Diner any time you want.

Amusingly, I've never needed to advertise.
(https://jimadamsauthordotcom.wordpress.com/wp-content/uploads/2020/08/mohammed-mountain.png)

Quote from: K-DogAnd if you do you can put RE in the cooler any time you want.  Just like he does to you.

Why a wonderfully silly idea. You don't seriously think a philosophy of only talking to people who agree with you is how science is done? You take your idea, write it up, find your most voriferously active opponent, and let them tell you what is wrong with it. Separate the wheat from the chaff, and presto, an improved product.

People who build the echo chambers WANT them because they can't stand an exchange of ideas, particularly when they spout bad ones so eawsily dismissed. Toyota going bankrupt in 2008, I mean really, that should have been laughed out of existence in real time. Instead? RE pretends he didn't write it.

I own everything I've ever published. And that isn't on the internet where the rules are just make shit up and pretend it is true...and pretend to forget the crap you said that was nonsense. I leave that to the experts here.

Quote from: K-DogI'll clear up a misconception.  We do not have free speech here. 

Go read what I wrote this morning. Are you so age addled that you've forgotten it already, because I've already pointed out that of COURSE there is no free speech here. THAT ISN'T THE POINT OF AN ECHO CHAMBER.

Quote from: K-DogOwning a website gives someone a better understanding of 'free speech'.  It is like being a parent. 

Is it? Neither you nor RE claim to be parents, so how in holy hell would either of you know ANYTHING about a real job like that? How many kids have you raised K-Dog? One? Three? I've got 2. I've got pics. Are you a parent, or just being a blowhard PRETENDING you know what it is like to parent?

Even in a strict adherence to free speech, Newspapers aren't required to publish every letter to the editor that they receive.  These websites are privately owned just like newspapers.  All political magazines and newspapers have a political spin, the Christian Science Monitor and Der Spiegel do not publish material by the same authors for instance.

As editors go, K-dog and I are pretty tolerant of contrarian opinions.  Your problem is that besides being contrarian, you're a jerk.  Your main purpose is to insult contributors and disrupt any website that is focused on collapse and its relationship to energy and oil extraction.  If you were really concerned with informing the general public and not just other industry people who read the journals, you would run your own Blog or Webzine.  The kind of thing Carl Sagan did to explain astronomy concepts to the general audience with Cosmos.  You could make a Mini-series "Frackenverse" to explain to the world why Peak Oil analysts were all wrong and why we won't have Peak Demand by 2029 as the EIA predicts.  You could even use your real name and take credit for proving them wrong.  That would be too risky though and you'd be sued for libel by all the people you insult, since I doubt you could make it through a an episode without trashing a half dozen people who don't agree with you.

So, you post here to exorcise the demons of growing up as white trash, and insult cripples who can't fix a tire on an EV wheelchair.    That will win friends and influence people I'm sure.

RE

QuoteYour problem is that besides being contrarian, you're a jerk.

He is this kind of guy.

Question is, with everybody selling  FSoA debt, who's buying it?

https://watcher.guru/news/brics-japan-dumps-63-billion-worth-u-s-bonds

RE

Quote from: RE on Jun 18, 2024, 12:15 PM

He is this kind of guy.

Oh please. I'm the kind of guy who when people find out who I am, they react like this place has.

Dude, we still don't know who you are.  You have no bona fides that I am aware of at all.  You are the Doomstead Troll, a feature of the system.

You could be Jesus fucking Christ and Albert Einstein rolled into one and it wouldn't change a thing.  You are the sum of what you put on these pages for us to read, nothing more and nothing less.  What you present here is an obsessed and petty troll who gets his jollies insulting people.

I advise sticking to topic and not responding to this unless you want another cooler trip today.

RE

Quote from: K-Dog on Jun 24, 2024, 09:23 AMDude, we still don't know who you are.

You might be able to honestly say that. I say "might" because I find it unlikely that RE could keep his mouth shut after he has already announced the product of his investigations, confirmation by Haniel that it was indeed me, passed around publications to moderators and teacher favorites at the old diner, and then Surly started posting photos. Back when there were far more than just the geriatric remnants here.

Quote from: K-DogYou have no bona fides that I am aware of at all. 

Well, you are allowed to be unaware. For the life of me I don't remember the level of your interaction back when the Diner had an actual membership, so I can't say otherwise.

But RE can't say that. He knows better than reveal that there is a reason why, in my case, the mountain comes to Mohammad.

Quote from: RE on Jun 24, 2024, 09:58 AMYou could be Jesus fucking Christ and Albert Einstein rolled into one and it wouldn't change a thing.

Again, you state the obvious. And again, obviously, this isn't about me. You don't know why I'm even here, remember? Can't be bothered with key independent variables in RE's world, don't need'im!

Quote from: REI advise sticking to topic and not responding to this unless you want another cooler trip today.
RE

Oh but of course Oh Exalted One.

On another note, my father is scheduled for an above the knee amputation this week. Does it sound as shitty a thing to happen to someone as it sounds? You are the only other person I know who it has ever happened to.

Quote from: TDoS on Jun 24, 2024, 12:21 PMOn another note, my father is scheduled for an above the knee amputation this week. Does it sound as shitty a thing to happen to someone as it sounds? You are the only other person I know who it has ever happened to.

AbK amputation is way worse than BtK, because the prosthetics, at least the basic ones, are very primitive  and actually get in the way for your most common activity which is making transfers.  Walking with one takes a lot of practice, and your other leg and foot need to be in good shape.   Usually to be successful with them, you have to get the amputation younger, 50 or less.  Physical Therapy is a lot of work and unpleasant.

If he is in good shape and you wanna spend big money, one of the advanced prosthetics with a hydraulic knee and microprocessor controls  are pretty good, but it's a lot to spend and I don't think covered by insurance.  They cover basic prosthetics usually, not the advanced stuff.  About $300K I think, and it may not work for him.

I recommend just getting a good EV wheelchair and a van with a lift and adapted  controls if he still drives.  Better use of your money, a new mini van all fit out maybe $100K.  A little more for EV van.  EV chair, $4K-$8K if you want it to lift and help you stand up.

Falling during transfers is the biggest concern on a daily basis when living alone or even with a partner of similar age.  You should invest in a lift to have at home to get you up off the floor in the event of a fall.  Not that expensive, lots of models available.

RE

Quote from: TDoS on Jun 24, 2024, 12:21 PMYou don't know why I'm even here, remember?

Don't need to know why, nor do I care why.  I know that you're wasting my time and everyone else's bloviating about what an important guy you are while you fill your posting with insults and self contradictory arguments.

Since you neglected to take my advice and did not post to topic, back in the cooler.

RE

Quote from: RE on Jun 24, 2024, 01:18 PMFalling during transfers is the biggest concern on a daily basis when living alone or even with a partner of similar age.  You should invest in a lift to have at home to get you up off the floor in the event of a fall.  Not that expensive, lots of models available.
RE

After the surgery, when I was speaking with the surgeon, he mentioned to watch out for falls when getting out of bed. I was curious as to why and asked, he said it was because lifetime muscle memory sticks around, you swing the legs out of bed and stand up...and are missing a leg, and fall. Makes perfect sense.

He was quite unhappy when he woke up from surgery and said we should have just let him die, the day after he was doing better in terms of understanding. He has acquired a urinary problem of some sort, can't piss and they pulled a liter of fluid out of him after surgery, and he is still on a catheter.

An underlying heart condition is complicating all of it, and will be the ultimate cause of his demise.

Quote from: RE on Jun 24, 2024, 01:30 PM

Quote from: TDoS on Jun 24, 2024, 12:21 PMYou don't know why I'm even here, remember?

Don't need to know why, nor do I care why.

Exactly! It is like trying to solve a cross word puzzle....and you don't even want the clue to start putting letters in the boxes!

Such is the value of having the independent variable when doing systems analysis. I certainly won't object to you not wanting to know, so you just keep not caring and carry on!

Quote from: RESince you neglected to take my advice and did not post to topic, back in the cooler.
RE

But of course RE, but of course.  ;)

QuoteMain question is whether they can keep it papered over until after the election.

Nearly everything on Wall Street is tumbling Monday from fear about a slowing U.S. economy worsens.  A  sell-off for financial markets around the world is triggered.

The S&P 500 was down by 2.4% in afternoon trading. The Dow Jones Industrial Average was reeling by 864 points, or 2.2%, as of 1:25 p.m. Eastern time, and the Nasdaq composite slid down 2.8%.