2020 Collapse

sgbuyer said:
I think it's too late to sell property. Liquidity is king now. The worst is debt. Time to cut expenses if you have not. Previously, I mentioned 12 months cash excluding gold. Now I'll recommend 24 months (may include gold).

This is bad, bad, bad! Worst than SARS, worst than 1997, worst than dot com bust. I've not seen anything like this before.
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I think you are underestimating the ability of the FED to print its way out of this. I wouldnt say its as bad as youre suggesting until Trump announces a $1k handout per citizen and the markets still continue to slide.
 
This is where I should have put it:
This little item I found on PAGE 22 of the thread 'ANY VIDEOS YOU WANT TO SHARE'.
It vindicates Bill Holter, Egon von Greyerz, Rob Kirby, Peter Schiff & many more who have been teaching anyone who would listen, & makes the resident TROLLS look stupid.

BILL HOLTER IS A WANKER.png
 
66rounds said:
I think you are underestimating the ability of the FED to print its way out of this. I wouldnt say its as bad as youre suggesting until Trump announces a $1k handout per citizen and the markets still continue to slide.
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I'm referring to the real economy due to the slowdown in China and the rest of the world amid the fallout of the corona virus, not the stock market. The news out of China is sketchy due to censorship (even VPNs are blocked), but we can assume the worst.
 
But, but, but, "THE ECONOMY IS FUNDAMENTALLY SOUND". Unknown Official, 1929
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66rounds said:
The real economy has been in tatters long before Coronavirus started
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This will be nothing compared to 2 months later when the commodity producers realise that Chinese demand is not coming back. The corona virus is just a continuation of what happened in HK in 2019.
 
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sgbuyer said:
I think it's too late to sell property. Liquidity is king now. The worst is debt. Time to cut expenses if you have not. Previously, I mentioned 12 months cash excluding gold. Now I'll recommend 24 months (may include gold).

This is bad, bad, bad! Worst than SARS, worst than 1997, worst than dot com bust. I've not seen anything like this before.
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Stack food, cash (including small change), gold and silver (if you have the possibility), food and medicine, hygiene products.
 
I think the Fed might start an "under the radar" easing and people won't notice. They cut interest rates, but in contradiction - they might start quantitative easing.

While the world is busy with the Corona virus and China's downwards trajectory, America might have some "temporary gain" in the current context.
 
TreasureHunter said:
While the world is busy with the Corona virus and China's downwards trajectory, America might have some "temporary gain" in the current context.
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America has the geographic and resource advantage. I played the game RISK when I was young.

Strategically, America is a competitor but not the real enemy of all the other major powers. The entrance of America into Euroasia after WWII managed to divert the attention of all other major powers from their real enemy - their land border neighbours.

https://www.businessinsider.com/how-to-use-math-to-win-at-the-board-game-risk-2013-7?IR=T

With America withdrawing, the world is entering dangerous times, or rather, back to the old normal.
 
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STKR said:
Italy suspends mortgage repayments! Can anyone else see the massive threat of a credit freeze looming?

Edit: it's apparently happening in the UK as well.
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Whats the big deal it been done before to great success in Italy.
 
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