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Author Topic: global economy collapsing this fall  (Read 1565 times)
mindrust
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September 27, 2016, 06:17:42 PM
 #41

Check this out:

http://www.investing.com/equities/deutsche-bank

Do you see what i see? I see a big smoking pile of SHIT!

Do you know what that shit means? It means that shit is about to collapse. There are only two ways out.

1) Merkel aids the shit by printing money, so all EUR holders share the damage. (Will make lots of people angry)
2) They let it burn and countless banks will die along with that big shit. (Gonna make lots of lots of lots of people very very very angry.)

Solution: Buy gold. It is shitproof.

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OROBTC
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September 27, 2016, 10:02:58 PM
 #42

...

I have been a growling BEAR since Jimmy Carter (late 1970s for you young 'uns).  I even had a 90-acre plot of land in case the SHTF for a few years.

I think it is always best to be prepared, giving some thought & taking action re BAD SCENARIOS.  Buying gold, etc.  And so that makes me more bearish than "average".

Yes, Deutsche Bank may be the domino that knocks all the others down, with perhaps terrible results.  But, this 60-year old bearing & gold guy has been looking at this stuff for a LONG time.  And it doesn't seem like it is ready to collapse yet.*


* Given that, maybe I have a "Normalcy Bias" that prevents me from seeing...  But NO ONE can reliably predict the future.  Best be flexible and ready for almost anything.
Shiroslullaby
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September 27, 2016, 10:27:46 PM
 #43

Not sure if it will happen in our lifetime, but eventually the world will be something straight out of a Mad Max movie.
Owning some land and some gold (not being 100% invested in fiat currency) is probably one of the smartest things a person can do.
Guns and gold are probably the safest investment in all honesty. Tongue

cjmoles
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September 28, 2016, 01:24:30 AM
 #44

The world is a pretty volatile place in current times....There have been quite a few economic doomsday predictions for this fall but, then again, there were quite a few for this past summer and spring too.  I'm economically prepped but I think there may be bigger problems on the horizon then cash flow....What's a dollar gonna do when there's no place to spend it?  I don't know....I think we might be heading for a non-currency based struggle soon.

Knowledge is the best investment....
davis196
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September 28, 2016, 12:10:37 PM
 #45

It would seem so according to some: https://youtu.be/F1hUWHCiiVI so do you guys think the dollars time is up this year?

No,the global economy won`t collapse.

The global economy needs huge changes to be made in order to start growing again.

The USD is still strong and it will remain strong,if all the people on the planet continue to use it.

yayayo
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September 28, 2016, 01:42:22 PM
 #46

I agree that the reign of the USD as a global trade currency is coming to an end. But not only the USD, almost all major fiat currencies will likely collapse in the foreseeable future. The simple reason is the irresponsible expansion of the monetary base that will render USD, EUR, JPY, and GBP worthless via inflation.

The economy is in very bad shape and governments are indebted like never before in history. All their actions are directed at buying time, not solving the underlying problem. Because the underlying problem is debt-based fiat currency, which at the same time is a significant source of power for those in charge (bankers and politicians alike).

However it's very difficult to predict the exact time of collapse. In that regard, the video is just hogwash. The global Ponzi scheme might collapse in an instant or it might survive a few more years - nobody can reliably predict that.

ya.ya.yo!
could you see it happening within 10 years?

Clearly, yes! I could see it happen within three days. It's just extremely difficult to predict the exact point in time. It's a certainty that the existing fiat regime is terminally ill. However with extraordinary measures some patients can be kept alive in coma state for weeks...

For example, if you look at Argentina and Venezuela the death process can be significantly prolonged - although I'd say that the state in Venezuela is already very close to apocalypse. The difference between these countries and the U.S. / the EU is however, that the Western countries have much more significant financial dependencies that can have a much bigger influence on the real economy / the people and could rule out such a "slow death"-scenario.

A breakdown of a major bank (for example Deutsche Bank) could easily trigger a chain of events that might quickly get out of hand...

ya.ya.yo!

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