The global economic collapse still hasn't happened...

Discussion in 'Markets & Economies' started by TreasureHunter, Aug 14, 2016.

  1. JOHNLGALT

    JOHNLGALT Well-Known Member

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  2. TreasureHunter

    TreasureHunter Well-Known Member

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    "King World News" looks like some armchair genius' site, put together is a basement with a WYSWYG software.

    I think "THE CRASH" won't just happen "by itself". If something terrible happens (socio-economic, but not only, even an earthquake or mega thunderstorm could trigger
    it), then the bricks could fall like a domino...

    We could still go on like this for years, because "trust" is keeping the system afloat. Just like Bitcoin :) They're all built on sand foundations...
     
  3. JulieW

    JulieW Well-Known Member Silver Stacker

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    KWN is what I would term a "Metals Pumping" site. Otherwise know as "Fake News Opinion for the True Believer".

    Nobody knows anything and you're better off if you ignore the Chicken Littles and keep your own counsel and keep your own powder dry.
     
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  4. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Last edited: Jan 8, 2019
  5. alor

    alor Well-Known Member Silver Stacker

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    as simple as no re-set
    when the US insist that the dollar can be force feed to the world, but the world walk away and take gold with it in one hand
    the gold in one hand is accepted through out the land and sea, the US dollar is of no use in any other territory, as in no one wants them, people prefer to take yellow only
     
  6. shinymetal

    shinymetal Well-Known Member

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    That is why....
    gold.jpg
     
  7. shinymetal

    shinymetal Well-Known Member

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  8. TreasureHunter

    TreasureHunter Well-Known Member

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    It's odd, now I can read more and more about "collapse" in mainstream media. Some sites have 3-4 weekly articles on the subject.
    And real estate prices are still going higher! People still spending madly... rabid consumers.

    In 2011-2012 it felt a lot like "it's coming". In 2013 even more so... then, after the dip of gold there seemed to be a period of quietness ("before the storm"?).

    2014, 2015, 2016, 2017... nothing in particular economy-wise besides Venezuela, Turkish economic crisis. One could easily have thought "it's not going to happen",
    but the European migrant crisis has added more to the scare.

    In 2018 the "fear of collapse" has hit mainstream media. Now it's all out there, everyone can hear about it, read about it.

    I think it's the panic of the masses that's worse than anything else.

    Not the markets, not this or that, it's the panic of the "common people" that could ignite the crisis.
     
  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    You do know that when we change to gold standard, the US will still do well because they have both oil and food but countries with factories that need to buy oil and food and baby infant formula will be in deep shit.
     
  10. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    As long as one has worked and earned out of middle class, there is no such thing as global collapse.
    A recession or collapse is a opportunity to further the distance to working class
     
  11. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    There's no global collapse because the great depression style global collapse hasn't come yet. We're living in good times for the last 70 years because the US is policing much of the free world and dictatorships don't get big enough to endanger the world economy. Now with US power receding, dictatorships are rising and soon someone with sufficient power will go crazy and wants to be a great conqueror just like it happened in Japan and Germany many times in history.
     
    Last edited: Feb 7, 2019
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  12. alor

    alor Well-Known Member Silver Stacker

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    using a 70 years old example for the future, it is so wrong to even use today's example like yellow vests or brexit or even the self-declared president of Venezuela
    well nothing is new under the sun

    oil is just 20% of fuel usage, there are other portions that can be increased, like nuclear power can be boosted up to 70% etc
    the US has the most coal, yet they would be using them in the future as they are in decline
    its like looking at the 20+ lanes of high speed rails in China, we don't see such a scene in US anytime soon
    There are more people in EURASIA, it will continue for a few life times
     
  13. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Think in 50 years when India and China are the number 1 and number 2 largest economies.
    The First WATER War with China and India as protagonist will dwarf WW2....
    imagine the motivation to win when 3 billion people are depending on the dwindling ice to replenish either the Yangtze or Ganges. Dam anyone?

    People who have the means will still live in relative luxury.
    Pain and suffering are for the masses and the unlucky rich.
     
  14. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Wow, water war, it will really be too far into the future. I don't know if we will get to that stage. The consumption in China is currently driven by single child millennials supported by their parents and 2 sets of grandparents. This kind of consumption won't last more than 15-20 years because their parents will grow old and soon retire and themselves will have problems supporting themselves and don't even mention the grandparents in their 80s.

    In order for parents to be able to support their adult kids, they need to profit from the properties they invested in, from rentals and flips, but the high property prices in turn makes it very difficult for the kids to have families and have many kids. It becomes a vicious cycle that cannot sustain for more than 2 generations, unless you start importing new people.

    I know this very well because Singapore is experiencing this to a greater degree, the government is only managing this demographic issue by importing nearly 100% of the population in the last 30 years. Importing people works for tiny countries with population of only couple million people. It may even work for "small" countries like Australia or Canada with 20-30 million people.
     
    Last edited: Feb 7, 2019
  15. hilaire9

    hilaire9 Member

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    Right-wing wet dreams and fan fiction never come true.
     
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  16. JOHNLGALT

    JOHNLGALT Well-Known Member

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    You live in CaliFORNICATION, I see, explains a lot.
     
  17. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Keiser Report with Max & Stacy. In the 2nd half of the video Peter Schiff is on.

     
  18. alor

    alor Well-Known Member Silver Stacker

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    Jim Willie is also entertaining
     
  19. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Most people have no idea how currency works or is manipulated. They just wonder why they have no savings and can barely pay rent and buy food.
    That wont be a problem anymore when they are eating dog stew and digging through dumpsters with their kids.
    And like history shows us it will only divide the citizens while the politicians laugh at whatever they create next for the sheeple, their little tax slaves.
    The fiat policies never change, just the puppets.
    Whatever happens the sheeple can only blame themselves for sitting idly by and content in the empty promises and campaign slogans. It wont matter which side you pick when they throw us all under the bus. None of them are on our side.
    Freedom will then take on a new meaning....rat stew, dog stew, dumpster scrapings, take your pick! Your free to choose!
     
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  20. TreasureHunter

    TreasureHunter Well-Known Member

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    China is becoming the West: less children, but higher consumption. The link between demography and economy is similar.
    Less people will have to "take care" of more people. And that's unsustainable.

    The real estate "boom" is also unsustainable: more and more real estate developments are appearing around the World.
    Chinese cities, Dubai, Spain, Italy are already experiencing "emptiness".
    There's simply too many houses and apartments compared with the population.

    Still, buying an apartment today is almost impossible for younger generations due to the high price.
    Prices are driven up by real estate speculators who just build, build, build and sell even what's "about to be built".
    You can "buy" what's only planned to be built. But it doesn't exist yet. Still, it's usually unaffordable.

    See the connection?

    Less people (population decline), but more housing/properties and, higher costs per property.

    Normally, the West, Australia, New Zealand, Japan (and prolly after a while even China) would end up with less people,
    but far more properties. Empty houses, ghost towns.

    Forced migration from 3rd World countries "fills" the "population gap", but creates a dreadful social-economic crisis.

    Migration will make European countries unrecognizable. Just visit Frankfurt, Paris, Vienna, Barcelona and they're nothing
    like they were 25 years ago.

    Why doesn't anyone think about automation?
    It works in IT, the car industry and Japan is the best examples. It helps reduce the workforce required and potentially even
    increase productivity. But somehow AI is not used to increase.

    Instead of struggling to keep up with production and consumption (World-wide craze, it's what almost all economies are
    built around), we should reduce production, but increase the costs per unit. Exactly the other-way around.

    Instead of producing cheaper flat TV's, which are only good for 2 years, the manufacturers should strive to make more durable
    products that LAST for LONGER: e.g. 20 years.

    Instead of 1,000 USD, a lating laptop could cost 5,000 USD, but could function for a lot longer.
    What's going on in the IT World is pure marketing, baiting.
    It's like commercial music or...

    iPhone!

    Sounds familiar? Useless products that keep you drooling after them.

    I'm sick of changing laptops every 3-4 years, cellphones every 2 years, powerbanks every 2 years, printers every 1-2 years, TV's every 5 years...
    It's not just the money, but the time wasted to buy the new one, finding a good way to get rid
    of the old one (at a minimal loss) and learn how to use the new one.

    The wild consumption-driven global economy should swap the economic model before it's too late.

    China is the "engine" and it's breaking down... We're the passengers and I'm afraid we won't be able to fix the engine it if breaks down.
     
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