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Author Topic: Video: Another economic crash is coming. How did this happen?  (Read 1447 times)
pereira4
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February 07, 2015, 07:55:52 PM
 #21

the UK is fucked, glad i left at hit mainland Europe where the economy is generally also fucked.

Fuck it, if the UK relaxed it's cannabis laws i'd probably move back, oh and got some more sun.
UK is depressing. Always cloudy and rainy. Fuck that shit I say.
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Meuh6879
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February 07, 2015, 08:15:26 PM
 #22

and then, greek is fucked ... too
http://www.reuters.com/article/2015/02/06/eurozone-greece-idUSL6N0VG3ZS20150206

 Cheesy bitcoin, prepare for that !
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February 07, 2015, 08:29:21 PM
 #23

A possible road to this collapse is through negative interest. Now some central bank have already lowered the interest to negative territory, discredit their currency, an effort to encourage spending and borrowing. But in fact, the whole country and majority of people are already heavily debt laden and their income is shrinking, they can not take more loans. So this negative interest or money printing will keep going on without any effect, but if it stopped, the whole economy will fall back to recession right away. When the interest reach -5%, it will trigger large wave of withdraw, people prefer to have cash, that will be the bank run day

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