When Will the Collapse Happen in Australia?

[TheEnd]

What about this huge U.S election thats only one week away?

20 TRILLION dollars of debt!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



p.s Yes you read that correctly it is Trillions not Billions. ( I STILL cannot get my head around this insane amount of debt).

Plus unfunded liabilities = another 30 trillion (social security etc)

Oh great, Even MORE Debt!

Why ar'nt the MSM talking about this HUUUUUUGE problem???

 

[Davros10]

What about this huge U.S election thats only one week away?

20 TRILLION dollars of debt!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



p.s Yes you read that correctly it is Trillions not Billions. ( I STILL cannot get my head around this insane amount of debt).

Plus unfunded liabilities = another 30 trillion (social security etc)

Oh great, Even MORE Debt!

Why ar'nt the MSM talking about this HUUUUUUGE problem???

Same as climate change, we're in too deep and no way out- why worry?

 

[CriticalSilver]

Here's something to REALLY worry about indicating the end might really be nigh...

Renowned Boston University Economics Professor Laurence Kotlikoff is running for President with a write-in campaign. He says we need an economic expert, not a politician, to fix our severe financial problems. Dr. Kotlikoff explains, "Our democracy is in trouble. We have 14% of the electorate who have chosen Hillary Clinton for us to vote for, and a different 14% have chosen Trump to vote for. The vast majority of the population realizes neither Clinton nor Trump are qualified. Just on the economic front, these folks have no idea how fiscally sick our country is. The fact that we have off-the-book liabilities that make our true debt roughly 15 times larger than the amount the government is actually reporting, so, our true debt is about $206 trillion. The debt the Congressional Budget Office is telling us about is about $13.5 trillion. . . . We're short $206 trillion. The country is 53% underfinanced. So, the country is actually bankrupt right this minute. It's not $206 trillion in the future that we owe, it's $206 trillion today. It's our credit card bill, and we're broke."

See: http://usawatchdog.com/usa-actually-bankrupt-now-laurence-kotlikoff/

Seriously though, the only certainty is that if you think it's bad, it's going to be way worse! But really, being serious this time, it's so bad that you may as well do nothing because there's nothing you can do.

Did you feel affinity with that? Did it stimulate your doomsday confirmation bias?

Last night my wife got me to watch a documentary about a Brazilian chef and wonder of wonders, he had great insight...

[youtube]http://www.youtube.com/watch?v=op3YmluuAN0[/youtube]

 

[SpacePete]

Here's something to REALLY worry about indicating the end might really be nigh...

Seriously though, the only certainty is that if you think it's bad, it's going to be way worse! But really, being serious this time, it's so bad that you may as well do nothing because there's nothing you can do.

Did you feel affinity with that? Did it stimulate your doomsday confirmation bias?

Last night my wife got me to watch a documentary about a Brazilian chef and wonder of wonders, he had great insight...

http://www.youtube.com/watch?v=op3YmluuAN0

That was... worth thinking about.

 

[tolly_67]

The worm has turned on the bond market. This money is going to pile into the U.S. dollar and the stockmarket.

 

[tolly_67]

As for our collapse, well me may just benefit from the inevitable rush to tangibles. Gold, silver, real estate, paintings, wheat, oil, rice etc etc. The u.s. dollar is going to skyrocket and hopefully our dollar will be at a significant enough discount that we can ride out the bad times. I think our chances of escaping the worst of the downturn absolutely shit all over the chances of any European country in avoiding it.

 

[Phil_Stacker]

That's where interest rates went soon after my wife and I took out our first mortgage. It's the principal reason why it took two salaries to make the payments on the smallest, cheapest house we could find - despite we boomers 'having it easy'.

House prices as % of average annual earnings were much lower. The total repayment as % of income has actually gone UP even though interest rates are lower. That means people are closer to the edge/margin. They have less wiggle room if they lose their job.