The Economic System

[virtualx]

Huge debt all around the world.

US: $19.000.000.000.000
China: $5.000.000.000.000
Australia:  $380.000.000.000
Russia: $150.000.000.000

If the bubble bursts it could be messy,
How do you see this will be solved?   
Jail? war? endless debt?

[markj113]

Seems like WWIII is currently in the process of being arranged with western media in full propaganda mode over Russia being the bad guys.

Jail? for who, bankers never get prosecuted they just pay a token fine a fraction of what they stole.  Bankers rule the world.

Endless debt?  Will end in rampant inflation after never ending QE.


I just keep my wealth out of the banking system, just enough left in to cover bills.  Bulk of wealth held in gold sovereigns and a little bitcoin.  

No debt, paid off mortgage, no loans, no overdrafts, no credit cards, no store credit, no car loans.  

I owe no one anything and have enough in savings to tie me over for a couple of years if everything goes tits up.

[ObscureBean]

Seems like WWIII is currently in the process of being arranged with western media in full propaganda mode over Russia being the bad guys.

Jail? for who, bankers never get prosecuted they just pay a token fine a fraction of what they stole.  Bankers rule the world.

Endless debt?  Will end in rampant inflation after never ending QE.


I just keep my wealth out of the banking system, just enough left in to cover bills.  Bulk of wealth held in gold sovereigns and a little bitcoin.  

No debt, paid off mortgage, no loans, no overdrafts, no credit cards, no store credit, no car loans.  

I owe no one anything and have enough in savings to tie me over for a couple of years if everything goes tits up.

And that's something anybody can do too, it's not that hard. Unfortunately, most people tend to live beyond their means these days. You can't really blame the system for offering loans/credit facilities, it's up to each and everyone to find balance in their lives.
As for the bubble I don't think it will burst anytime soon simply because no one will benefit from it, if it bursts everyone loses.

[cocos]

Taxes. Tax the FED, World Bank, ECB, tax havens, bitcoin, etc... IRS is coming...

[Masha Sha]

And then they started to trade rape permits...

[virtualx]

I just keep my wealth out of the banking system, just enough left in to cover bills.  Bulk of wealth held in gold sovereigns and a little bitcoin.  
No debt, paid off mortgage, no loans, no overdrafts, no credit cards, no store credit, no car loans.  
I owe no one anything and have enough in savings to tie me over for a couple of years if everything goes tits up.

Very good advice. It should work with the current situation. In times of great depression how do you protect your assets from "saving the banks" laws, similar to those that happened in Cyprus?

And that's something anybody can do too, it's not that hard. Unfortunately, most people tend to live beyond their means these days. You can't really blame the system for offering loans/credit facilities, it's up to each and everyone to find balance in their lives.
As for the bubble I don't think it will burst anytime soon simply because no one will benefit from it, if it bursts everyone loses.

Do you think the situation can be solved if everybody lives within their means?  I don't think it solves the problems of banks playing with peoples money on the stock market, if the stock goes down everybody suffers.

Taxes. Tax the FED, World Bank, ECB, tax havens, bitcoin, etc... IRS is coming...

Taxes is probably how a government would react. But, Taxes do not solve the fundamental problem that caused the problem.

[cocos]

I just keep my wealth out of the banking system, just enough left in to cover bills.  Bulk of wealth held in gold sovereigns and a little bitcoin.  
No debt, paid off mortgage, no loans, no overdrafts, no credit cards, no store credit, no car loans.  
I owe no one anything and have enough in savings to tie me over for a couple of years if everything goes tits up.

Very good advice. It should work with the current situation. In times of great depression how do you protect your assets from "saving the banks" laws, similar to those that happened in Cyprus?

And that's something anybody can do too, it's not that hard. Unfortunately, most people tend to live beyond their means these days. You can't really blame the system for offering loans/credit facilities, it's up to each and everyone to find balance in their lives.
As for the bubble I don't think it will burst anytime soon simply because no one will benefit from it, if it bursts everyone loses.

Do you think the situation can be solved if everybody lives within their means?  I don't think it solves the problems of banks playing with peoples money on the stock market, if the stock goes down everybody suffers.

Taxes. Tax the FED, World Bank, ECB, tax havens, bitcoin, etc... IRS is coming...

Taxes is probably how a government would react. But, Taxes do not solve the fundamental problem that caused the problem.

It doesnt matter. Let the bankers print infinite money. The governments will take back their money through taxation.

[markj113]

It doesnt matter. Let the bankers print infinite money. The governments will take back their money through taxation.

Printing infinite money didn't seem to fix the problem in Zimbabwe, it won't work anywhere else either.  You will just end up with massive inflation.

[cocos]

It doesnt matter. Let the bankers print infinite money. The governments will take back their money through taxation.

Printing infinite money didn't seem to fix the problem in Zimbabwe, it won't work anywhere else either.  You will just end up with massive inflation.

So what? The inflated money will go to the pockets of the people, not to the pockets of the oligarchs and in Zimbabwe there is big tax evasion.

[PetroffVany]

I think that to solve the problem of the world economy will only world war. And debts will decay and the demand is not products will appear.

[Avametra]

It doesnt matter. Let the bankers print infinite money. The governments will take back their money through taxation.

Printing infinite money didn't seem to fix the problem in Zimbabwe, it won't work anywhere else either.  You will just end up with massive inflation.

So what? The inflated money will go to the pockets of the people, not to the pockets of the oligarchs and in Zimbabwe there is big tax evasion.

evasion of taxes in every country. This is a very big challenge for every government. But debts to other countries is another. Yes, this is one of the reasons for the outbreak of war

[pseexh]

War is the essence of the person. If there is a war over money, it will be a war for territory, food, religion... War is always accompanied by humanity.