scary

[gasbanni]

http://pro.moneyweek.com/myk-eob-advcs-lwl/PMYKP603/


give the vid time to load

 

[Corgigrouch]

Some very valid points but it is just a big advert fir Moneyweek.. When the big crunch does happen, your only value will be what you can do with your hands.... If you sit in an office then things are going to be hard, similarly a lot on benefits will be left to rot (Thought the smart ones will do well from the stupid) A lot of people who shouldn't be here will go.... It may actually do us some good.

 

[joe-90]

I've been saying this since 2005 - they used to call me the doom monger of the forum. They don't call me that now though.

 

[JohnD]

joe90 is the doom monger of the forum.


how's peak oil doing now, and the price of gold?

 

[Norcon]

90% percent tax?

The greatest enemy in a financial crash is your own government who will keep trying to redistribute the wealth to those who don't deserve it.

Unfortuanetly those who don't deserve it are mostly those who vote them in to power in the first place.

 

[JohnD]

I think it's widely known that the governments are going to use inflation and low interest rates to shrink their debt. especially the US.

Twenty years of 5% inflation will shrivel their debts away.

Bad news for anyone who buys or holds T-bonds.

It's been widely known for more than 20 years that the US governments policy of borrowing from overseas investors, and spending the money, couldn't go on forever. It was able to continue because nobody knew when it would end.

 

[Norcon]

So in twenty years from now we will be poorer than ever and the government may or may not have reduced the debt levels at all.

The money in our pockets will buy half as much and the government will be taxing us twice as much.

Sounds like a real recipe for disaster.