You guys tell me, is the 'Crisis' over? I think the people with skin in the current climate will continue to exert irrational exuberance on the markets because of the nature of modern markets - it's a confidence game. There's a LOT of liars out there right now. People like to point at the politicians and the elite as spin doctors, but in reality it's permeating through all of society... even right down to the stacker level. Whilst you can certainly be quietly confident and have an up beat attitude on the situation, no matter what state it's in, there's a lot to be said for being a realist about things and being prepared for a sudden shift in fortune. Let it be noted that 2008 came as a 'shock' to many, many so called 'experts' out there and much of the current climate is built on propaganda, rather than sound economic fundamentals. The top chart shows that the global economy is rotten to the core and that anyone who's selling you the pipe dream of 'happy days are here again' either has a vested interest in maintaining the current status quo, or are outright ignorant of the fundamentals. A timely reminder of just how far the BULLSHIT in our society extends : [youtube]http://www.youtube.com/watch?v=2I0QN-FYkpw[/youtube] I have a very short fuse for the spin doctors, con artists and bullshit mongers - whether it be a politician, media magnate, 'industry expert' or full of crap silver stacker. It doesn't take a genius to spot them either. So with that in mind, I'm locking out the white noise. The fundamentals are still rotten to the core and absolutely NOTHING has changed. All we have now is another round of lies, deceit, misinformation and propaganda. 2013 will STILL see this little black duck stacking and laughing & calling out the bullshit peddlers, no matter which kitchen white good they crawl from under to sell their snake oil.
We've seen this bullshit parade before... [youtube]http://www.youtube.com/watch?v=IWrX6kC9Nhs[/youtube] 1929 "Black Thursday" 24th October Wall St loses 11% "Black Monday" 28th October Wall St loses 13% "Black Tuesday" 29th October Wall St loses 12% 1930 1931 1932 1933 1934 1935 The Death of the Roaring Twenties [youtube]http://www.youtube.com/watch?v=YM8yxBL21Pk[/youtube] Rioting Across America [youtube]http://www.youtube.com/watch?v=exuGv3HsV-U[/youtube] Let me repost that last quote AGAIN for absolute emphasis : "Our whole Depression was brought on by gambling, not in the stock market alone but in expanding and borrowing and going in debt... all just to make some easy money quick." ... Will Rogers We are doing the exact same thing again and are on the exact same timeline, even down to the repetition of the bullshit fed to the masses to placate them to the end. Even on SS, how many threads do we have pushing the same ideals that history has taught us leads to destruction? Wake up people. WAKE UP!
What a croc of cow patties . We will never get that bad . just another fearmongering pile of rubbish . Run little kiddies run the boogey man is coming :lol:
The major thing I could see it doing is the USD crashes and our dollar goes to like .$1.90 or something insane this would cripple all our mineral exports as the prices would be exuberant but as far as debt goes we arent in trouble
Well we could. If we do I am hopefully prepared. If we don't then I am also prepared to carry on. Prepare for the worst, hope for the best.
Is that the best explanation youve got ? . :lol: hahahaha....... good work .We are a totally seperate economy than the us .. Thats like saying spain is fkd so germany must be too ..... Some places can hold their own & we are one of them our dollar isnt where it is by accident . Weve got enough foreign investment dollars coming in because they think its the best of a bad bunch to keep things afloat for a few years yet . Not to mention the raw materials supply that will continue even if china hits the skids( before any fool says it ) . We still sell to many other countries that will trickle us along nicely for a long time to come .
Me thinks you don't understand the 'global' in 'global economy'. Why did the RBA drop rates reno? Why are they so low? It's a prosperous time, should we not be beefing up rates and boosting our dollar? I think you may yet again be stuck in the thinking pattern of 'if it sems good for me right now, it must be good on the whole'. Your perspective is internally facing, and that's why you can't see the big picture. It's okay, you have plenty of company across the country.
Thats a realistic post . But we will already have a lot of long term contracts signed & in progress . If that did happen im sure the powers would give subsidies to keep it going aslong as they could . Jesus the entire world is kicking the can you think we wont ? oh give me a break . Weve got years to make hay .We are the major suppliers to asia for lots of things its not feasible to get the raw products from anywhere else in the world atm . I know china has some coming online too.Mongolia i think from memory & both are being developed by australian companies AFAIK.
I understand global . Global doesnt mean every country in the world will be shot into dpression at the one time . Theres always countries that weather the storm better than others regardless of your "global "outlook . So tell me did every country in the world have a major fiancial crisis in 2008 ? or did some coast through it with little to no affect ?
Just watched Kyle Bass vid - awesome. For examples of optimism bias and memes becoming axiomatics through induction, see here ^^^^ Reno, have you seen it? http://forums.silverstackers.com/topic-34815-kyle-bass-americatalyst-page-1.html
Like I said, people with skin in the game will be the first to feed you their lies to keep you buying in. Whether it's a banker, a politician or a rentier capitalist like yourself. [youtube]http://www.youtube.com/watch?v=cjM45QkLeJY[/youtube] [youtube]http://www.youtube.com/watch?v=hAu9U4ojO8Q[/youtube] Australia is different, is it not? Economics doesn't change because we have kangaroos & koalas. History proves this, even if you want to bury your head in the sand. What's incredible is that you can laugh openly at people like Swan for their propaganda and yet... what do you do? The 'boogey men' are people like you who will lie, cheat and misdirect others into a false sense of security to feed your bottom line. I'm not promoting fear - I'm promoting real awareness of the path we are on and where it ultimately leads. But there will always be conniving, opportunistic self interests out there (like yourself) who will present themselves as a voice of reason, when their ultimate goal is to maintain the status quo they profiteer from. Your attitude is poison Reno, that's why I come after you with blades bare - I see you for what you really are.