Still a bit of Normalcy Bias about I see!
OC
OC
Biggest market crash in HISTORY coming, HUGE debt bubble, danger ahead
- Thread starter SpacePete
- Start date
Old Codger said:
This could be the new normal for fifty year or more. One economic power subsisting slowly and another one taking over.
The last few baton changes didn't cause Armageddon.
There was the depression but the world didn't end and it is nothing much more than a footnote of history now.
FullMetalFever
Member
Ipv6Ready said:
EFA
Remember, AFAIK this is the first time that all of the top 20 economies on the planet are in a red ink MESS! The nearest example is 1929, and we all know how that turned out!
ALL are bankrupt, and getting even more so every day! Spending is way outpacing income and the difference is being added to the credit card! Even Australia!
At some point, in my view not far away, but nobody can be certain with any accuracy, the whole house of cards is going to collapse. NONE of all those Bonds will be repaid with real currency.
I intend to be FULLY prepared for that probability! I have NIL intention of looking at my family and saying that the house is bare of food etc, and that they must remain hungry!
What others members here do is their decision, and is of NIL interest to me!
JMNHO
OC
ALL are bankrupt, and getting even more so every day! Spending is way outpacing income and the difference is being added to the credit card! Even Australia!
At some point, in my view not far away, but nobody can be certain with any accuracy, the whole house of cards is going to collapse. NONE of all those Bonds will be repaid with real currency.
I intend to be FULLY prepared for that probability! I have NIL intention of looking at my family and saying that the house is bare of food etc, and that they must remain hungry!
What others members here do is their decision, and is of NIL interest to me!
JMNHO
OC
That is what Charles Dickens said!
The difference now is that world population is 4 times as much, and the problem is on a far greater scale and scope.
Social cohesion is nowhere near as solid as it was in the 30s!
JMO
OC
The difference now is that world population is 4 times as much, and the problem is on a far greater scale and scope.
Social cohesion is nowhere near as solid as it was in the 30s!
JMO
OC
H
House
Guest
[youtube]http://www.youtube.com/watch?v=JeTzsy2IrRM[/youtube]
H
House
Guest
SpacePete said:
Your assumption is correct. Hence why I'm looking forward to it with vigour.
I think I am doing that!
Au-mageddon
Active Member
SpacePete said:
I just like it coz its shiny
SpacePete said:
I understand the long history of gold and doing well but silver not really, if 75% is used industrially a recession will tank demand.
Plus PM are not the only assets that did well.
Property was big too if you owned property or a farm based shares selling food commodity with lowever AUS dollar and cheaper labour cost with people looking for work it would be a mint. The people still have to eat.
Looking at next recession owning shares in YUM (KFC and PIZZA HUT) or Macdonalds would be a good bet too.
"cheaper labour cost with people looking for work it would be a mint. The people still have to eat."
Back in the '30s, I was only a lad at the time, 'Swaggies' used to work on the land for meals and a bed of hay in the shed.
OC
Back in the '30s, I was only a lad at the time, 'Swaggies' used to work on the land for meals and a bed of hay in the shed.
OC
"Yes, it was bad for few years but all those countries are still here and doing very well."
Like Germany, and a bunch of other European countries that are no longer the same, after years under the peace loving Russian jack-boot!
OC
Like Germany, and a bunch of other European countries that are no longer the same, after years under the peace loving Russian jack-boot!
OC
OC,,,Like Germany, and a bunch of other European countries that are no longer the same, after years under the peace loving Russian jack-boot!
Like Wall ST, no longer Capitalists but ruled by the Fascist Military Industrial Secret Society who too love war.
Regards Errol 43
Like Wall ST, no longer Capitalists but ruled by the Fascist Military Industrial Secret Society who too love war.
Regards Errol 43
Old Codger said:
That's right - none of them were lining up to work for the guy with the gold bar. They went to the places that could supply their needs and were able to provide the necessities for their themselves, their families and others.
Gold and silver are not historically a good long term store of wealth. They work for short term but not longer periods of time. If you want real examples have a look at what an oz of gold and silver could buy you historically and what it can buy you now. There was a thread (probably still is) about how much gold/silver you needed to buy various things (including houses in various areas, land, cars, food etc) and it was updated monthly. Have a look at that and compare it to now. There was also another thread about how much gold/silver you needed to buy things a couple of hundred years ago and compared it to now. Both threads highlighted the lack of long term wealth preservation of precious metals.
malachii