Financial Armageddon (148)
Arkayos: Of course we are being played as fools.
But you are wrong about who owns most of the shares. We do, through our Super's and through our deposits in banks. But we don't control what is done with them...
A few people (the plutocracy of the rich) control our proxies, and thus determine what happens... But the whole system is out of control. Too many have taken too much for too long. It just can't be sustained any longer...
We are at a verge...
So Lets Party as the new Rome burns...
But you are wrong about who owns most of the shares. We do, through our Super's and through our deposits in banks. But we don't control what is done with them...
A few people (the plutocracy of the rich) control our proxies, and thus determine what happens... But the whole system is out of control. Too many have taken too much for too long. It just can't be sustained any longer...
We are at a verge...
So Lets Party as the new Rome burns...
One third off the population is due to retire in the next ten years!
We don’t have the training or people to replace them?
How do you think your retirement funds are going to look at that time when everyone wakes up?
scotchy: as you know rob we,re getting paid a pittance for our farm produce.oranges not picked this year ,very few dairy farms left in gippy.our younger generation are not taking on farming and you dont blame them.soon we'll be importing all our food as we are getting paid nothing for our hard work
yeah, right across the rural sector, the land has and is still being poisoned by millions of liters of chemicals, the forests are still been stripped for wood chips, the trees along the rivers are been poisoned, farming skills are being lost at a rapid rate, land is been sold to Chinese buyers, small towns closed down, there has been almost no burning off in the mountains, the farmers don't have stock to grass the long grass that is everywhere this year so are expecting lots of grass fires etc etc, pretty bleek
News out of Europe was not good, as was expected... Eurozone manufacturing index is 46.4 (anything under 50 is a bad thing - means manufacturing is slowing down)
News out of China was also not good. Manufacturing index is 49. Also Housing prices in 100 of china's biggest cities fell last month. After many years of relentless rises.
I'm surprised the eurozone markets, and the US markets didn't tank more than they did. But even more surprised to see the aussie markets are climbing on the news...
News out of China was also not good. Manufacturing index is 49. Also Housing prices in 100 of china's biggest cities fell last month. After many years of relentless rises.
I'm surprised the eurozone markets, and the US markets didn't tank more than they did. But even more surprised to see the aussie markets are climbing on the news...
Arkayos: News out of Europe was not good, as was expected... Eurozone manufacturing index is 46.4 (anything under 50 is a bad thing - means manufacturing is slowing down)
News out of China was also not good. Manufacturing index is 49. Also Housing prices in 100 of china's biggest cities fell last month. After many years of relentless rises.
I'm surprised the eurozone markets, and the US markets didn't tank more than they did. But even more surprised to see the aussie markets are climbing on the news...
News out of China was also not good. Manufacturing index is 49. Also Housing prices in 100 of china's biggest cities fell last month. After many years of relentless rises.
I'm surprised the eurozone markets, and the US markets didn't tank more than they did. But even more surprised to see the aussie markets are climbing on the news...
Thats the point dont you! see someone has to first turn the herd around...THEN they will follow.
Martia: Thats the point dont you! see someone has to first turn the herd around...THEN they will follow.
That would be one way to look at it...
The other way would be the last one out gets stuck with the bill...
Go loot!
johnnyfo1: Go loot!
One of the economists in the US (Karl Denninger) has been advising people to stock up on guns, ammo, and canned food for months...
Newlife08: Probably a stupid question but don't you sometimes think "How did we get into this mess??"
All the so called experts, banks lending to people who can't repay mortgages, crook bank employees gambling away zillions before it has even been noticed? all those powerful G7 - or was it G8 countries putting their heads together to help the Third World countries manage their debts
Heeelloooo - we're screwed!!
US property bubble burst - Europeans coughed - Greece, Italy, Spain etc all borrowing $$$ to pay for public servants and pensions instead of cutting out of the Euro and letting their currency crash so that their Lambourgini's and Ferari's can sell like the clappers and so people can have cut price Mediterranean holidays which in turn will bolster those countries economies using their effort rather than their continual borrowings.All the so called experts, banks lending to people who can't repay mortgages, crook bank employees gambling away zillions before it has even been noticed? all those powerful G7 - or was it G8 countries putting their heads together to help the Third World countries manage their debts
Heeelloooo - we're screwed!!
We just supply China/Japan who supply Europe/US.
ie: they go sour, our AU$ drops.
they improve their situations, our AU$ rises like it has today, back above parity at $1.03US
Arkayos: Well it looks like it took the combined efforts of The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the US Federal Reserve, and the Swiss National Bank to stave of what has been described as Financial Armageddon. No one is too sure how long they can keep it up.
So what are you doing, if anything, in case of a global melt-down? Paying off credit cards? Saving a little extra for the nest egg? Switching your super investments to cash or gold?
Or just hoping for the best, and partying on?
So what are you doing, if anything, in case of a global melt-down? Paying off credit cards? Saving a little extra for the nest egg? Switching your super investments to cash or gold?
Or just hoping for the best, and partying on?
I have seen something in the news that super funds averaged about 1%/year over the last 10 years. I have had my little super in cash equivalents for a few years, so there was a modest gain.
Financial armageddon? I have been saying for years that this will be Great Depression II, much deeper than in the 30's. The problem is much bigger today and the problem of debt cannot be solved with taking on more debt. There will be no true recovery until all bubbles, including credit bubble deflate and wealth disparity returns to the healthy level, which is when 1% of the population owns 10% wealth. Today it is at the 30's level when 1% owned 40%. This means the middle class diminished and the 99% has little money, so they have little purchasing power, and they are also loaded with debt.
Saving the banking system will not save the world economy, only push out the day of reckoning. What you need is measures to reduce wealth disparity, but instead we see exactly the opposite.
I expected civil unrest all over the world which at one point will possibly slide into WWIII. We almost had it in 2008 when the US threatened China with war if she didn't comply with US demands to prop up the economy.
revealer24: I have seen something in the news that super funds averaged about 1%/year over the last 10 years. I have had my little super in cash equivalents for a few years, so there was a modest gain.
Financial armageddon? I have been saying for years that this will be Great Depression II, much deeper than in the 30's. The problem is much bigger today and the problem of debt cannot be solved with taking on more debt. There will be no true recovery until all bubbles, including credit bubble deflate and wealth disparity returns to the healthy level, which is when 1% of the population owns 10% wealth. Today it is at the 30's level when 1% owned 40%. This means the middle class diminished and the 99% has little money, so they have little purchasing power, and they are also loaded with debt.
Saving the banking system will not save the world economy, only push out the day of reckoning. What you need is measures to reduce wealth disparity, but instead we see exactly the opposite.
I expected civil unrest all over the world which at one point will possibly slide into WWIII. We almost had it in 2008 when the US threatened China with war if she didn't comply with US demands to prop up the economy.
Financial armageddon? I have been saying for years that this will be Great Depression II, much deeper than in the 30's. The problem is much bigger today and the problem of debt cannot be solved with taking on more debt. There will be no true recovery until all bubbles, including credit bubble deflate and wealth disparity returns to the healthy level, which is when 1% of the population owns 10% wealth. Today it is at the 30's level when 1% owned 40%. This means the middle class diminished and the 99% has little money, so they have little purchasing power, and they are also loaded with debt.
Saving the banking system will not save the world economy, only push out the day of reckoning. What you need is measures to reduce wealth disparity, but instead we see exactly the opposite.
I expected civil unrest all over the world which at one point will possibly slide into WWIII. We almost had it in 2008 when the US threatened China with war if she didn't comply with US demands to prop up the economy.
Hi Rev I read you but! I dont think the world will have a War as nobody can afford it.
Whats plan B.
revealer24: Saving the banking system will not save the world economy, only push out the day of reckoning. What you need is measures to reduce wealth disparity, but instead we see exactly the opposite.
I expected civil unrest all over the world which at one point will possibly slide into WWIII. We almost had it in 2008 when the US threatened China with war if she didn't comply with US demands to prop up the economy.
I expected civil unrest all over the world which at one point will possibly slide into WWIII. We almost had it in 2008 when the US threatened China with war if she didn't comply with US demands to prop up the economy.
I think the "Occupy" movement and the riots in the UK were the first hints of the civil unrest you are talking about...
Lets hope it doesn't go down the Mad Max road...
We may need to build Brisbane into BarterTown - Wonder if Tina Turner could come and be "Aunty" for us... Sorry went off with my own private dancer there for a bit...
All the banks are one thing, playing games, that's what they're doing. THey have an agenda, and they're making it happen, and they dont' listen to us, the common folk. It's all there, I found all of it out... it's easy to see the banks are manipulating this world, and everyone, playing chess games with us and manipulating us to do what they wants.... to make New World Order a reality.
Not me, though. I ignore them, relies on by bible and stay with Jesus, for I know they're also working to bring all religions under one ecumenical umbrella... (shudders)... the evil is being built and no one can see, because they're distracted by the games on the medias...
We True Christians will be persecuted, as we already are in most lands... things will get worse, nothing will ever get better... the only thing is to keep on living, tell everyone about it and most of all, have faith in Jesus and not worry about people who rejects Him in favour of man-made idolatries... oh well.
Not me, though. I ignore them, relies on by bible and stay with Jesus, for I know they're also working to bring all religions under one ecumenical umbrella... (shudders)... the evil is being built and no one can see, because they're distracted by the games on the medias...
We True Christians will be persecuted, as we already are in most lands... things will get worse, nothing will ever get better... the only thing is to keep on living, tell everyone about it and most of all, have faith in Jesus and not worry about people who rejects Him in favour of man-made idolatries... oh well.
Martia: Hi Rev I read you but! I dont think the world will have a War as nobody can afford it.
Whats plan B.
Whats plan B.
Don't you remember that Kevin Rudd told Hillary Clinton in around 2008 that Australia would support the US against a war with China? China was threatened with war. If she didn't comply there would have been war.
Don't forget that WWII started just as nations emerged from the Great Depression.
Arkayos: I think the "Occupy" movement and the riots in the UK were the first hints of the civil unrest you are talking about...
Lets hope it doesn't go down the Mad Max road...
We may need to build Brisbane into BarterTown - Wonder if Tina Turner could come and be "Aunty" for us... Sorry went off with my own private dancer there for a bit...
Lets hope it doesn't go down the Mad Max road...
We may need to build Brisbane into BarterTown - Wonder if Tina Turner could come and be "Aunty" for us... Sorry went off with my own private dancer there for a bit...
There were others in many other countries. Burma, two provinces in China, and recently in the Middle-East. These are all related to the crisis.
Some time ago I came across an article regarding a statement from a military academy that said the greatest danger to national security was civil uprising.
defman: All the banks are one thing, playing games, that's what they're doing. THey have an agenda, and they're making it happen, and they dont' listen to us, the common folk. It's all there, I found all of it out... it's easy to see the banks are manipulating this world, and everyone, playing chess games with us and manipulating us to do what they wants.... to make New World Order a reality.
Not me, though. I ignore them, relies on by bible and stay with Jesus, for I know they're also working to bring all religions under one ecumenical umbrella... (shudders)... the evil is being built and no one can see, because they're distracted by the games on the medias...
We True Christians will be persecuted, as we already are in most lands... things will get worse, nothing will ever get better... the only thing is to keep on living, tell everyone about it and most of all, have faith in Jesus and not worry about people who rejects Him in favour of man-made idolatries... oh well.
Not me, though. I ignore them, relies on by bible and stay with Jesus, for I know they're also working to bring all religions under one ecumenical umbrella... (shudders)... the evil is being built and no one can see, because they're distracted by the games on the medias...
We True Christians will be persecuted, as we already are in most lands... things will get worse, nothing will ever get better... the only thing is to keep on living, tell everyone about it and most of all, have faith in Jesus and not worry about people who rejects Him in favour of man-made idolatries... oh well.
Do you actually know who you follow? Do "true Christians" follow the Paganised Greek virgin-born god-man deity, or the true patrilinear son of David?
revealer24: Do you actually know who you follow? Do "true Christians" follow the Paganised Greek virgin-born god-man deity, or the true patrilinear son of David?
Rev ...being you are into religion a bit can you tell me why so many people who have turned to god are so damn angry all the time.
I imagine Calm, Serene and Happy.
Martia: Rev ...being you are into religion a bit can you tell me why so many people who have turned to god are so damn angry all the time.
I imagine Calm, Serene and Happy.
I imagine Calm, Serene and Happy.
For those who have read the New Testament, there is a story of when Jesus became overwhelmingly angry in the temple(I think)at what He saw happening around him. Not getting into any argument of the existence of Jesus...just citing soemthing of relevance to your post, Martia.
revealer24: I have seen something in the news that super funds averaged about 1%/year over the last 10 years. I have had my little super in cash equivalents for a few years, so there was a modest gain.
Financial armageddon? I have been saying for years that this will be Great Depression II, much deeper than in the 30's. The problem is much bigger today and the problem of debt cannot be solved with taking on more debt. There will be no true recovery until all bubbles, including credit bubble deflate and wealth disparity returns to the healthy level, which is when 1% of the population owns 10% wealth. Today it is at the 30's level when 1% owned 40%. This means the middle class diminished and the 99% has little money, so they have little purchasing power, and they are also loaded with debt.
Saving the banking system will not save the world economy, only push out the day of reckoning. What you need is measures to reduce wealth disparity, but instead we see exactly the opposite.
I expected civil unrest all over the world which at one point will possibly slide into WWIII. We almost had it in 2008 when the US threatened China with war if she didn't comply with US demands to prop up the economy.
Financial armageddon? I have been saying for years that this will be Great Depression II, much deeper than in the 30's. The problem is much bigger today and the problem of debt cannot be solved with taking on more debt. There will be no true recovery until all bubbles, including credit bubble deflate and wealth disparity returns to the healthy level, which is when 1% of the population owns 10% wealth. Today it is at the 30's level when 1% owned 40%. This means the middle class diminished and the 99% has little money, so they have little purchasing power, and they are also loaded with debt.
Saving the banking system will not save the world economy, only push out the day of reckoning. What you need is measures to reduce wealth disparity, but instead we see exactly the opposite.
I expected civil unrest all over the world which at one point will possibly slide into WWIII. We almost had it in 2008 when the US threatened China with war if she didn't comply with US demands to prop up the economy.
I do recall you posting about major financial woes to come. A couple of others locally told me much the same late last year. Without going into details, certainly in SA, it has arrived with a vengeance, all the while of-course, the veneer of affluence, masked by the Christmas media lunacy.
yeah through out the money lenders
More Threads
Feel Good Music
your personality
wanting beyond need
other can see but not you
Happy Birthday MysteriousGirl80
men's perspective towards women
The Best of the GOP
Unions support Democrats!
More Proof The GOP is a Criminal Organization
Common Issues with the BMW X1
More Threads
Report threads that break rules, are offensive, or contain fighting. Staff may not be aware of the forum abuse, and cannot do anything about it unless you tell us about it. click to report forum abuse »
If one of the comments is offensive, please report the comment instead (there is a link in each comment to report it).
If one of the comments is offensive, please report the comment instead (there is a link in each comment to report it).
That is what I have been doing since the tech bubble burst, and coincidentally Bush Jr got elected... I figured it was bound to be down hill from there...
So might as well enjoy ourselves...