Ukraine

[mercutio]

think I will be going anyway fancy moving back to corsica

[lewd lude lover]

well the easiest way to predict anything is look at the frequency of occurance using historical data points. Our system of debt usage causes an economic crash on average every 7-10 years with this occurance increasing as the debt gets consolidated and grows internationally. This is how it works, no conspiracy. We play an ever decreasing game of musical chairs and the music stops every 7-10 years. simple as that. When did the last one start to be warned of? 2007. When was james warning it was coming? 2005.

Our current situational 'improvement' is due to an over eager housing market and false media imperatives. One that will find the rug pulled out from under it when the W.B. raises interest rates and the BoE follows suit as its international loans become harder to service. Coupled with the reality that the western economic debt balance is resting on an almost nonexistant interest level and has been for years. The world bank will raise interest rates on these hundreds of billions of loans and 1# world nations will suddenly find themselves in the same state as all those people who swapped creditcards to 0% time and again. High and dry.

we simply cant service our debts to the world bank if they raise interest. Which they will.


Also you only have to read the reports coming from the markets and the people who actually know these things. It will be a massive suprise to everyone when it happens of course bla bla bla. No one will have seen it coming and all that but the truth is history, understanding our system of finance and reading the real pundits advice shows that we are going to have a snap of the markets and the next convultion of finacial meltdown will occure.. Those at risk this time will be the house buyers who have bought in the last 6 years and anyone with pensions and savings. You will all be raped hard in the bum.

Its called asset stripping mate. Soon enough they will announce you cant take more than a few grand out of the country and after that a one time tax on pensions and after that who knows? It all depends on how much of a burden people will accept before breaking.

[mercutio]

Australia owes no one anything might be time if anyone is thinking of moving

legion is stationed on Corsica and French Guyana and on mainland france wouldn't take much to provoke them into claiming a homeland Again

[lewd lude lover]

na mate, Aus rests on its china connections now. Anything that happens in china will drokk aus.

Their money is in property, mining and banking. their banks are huge but have massive leverage issues. They lent out massive amounts on mortgages and are cash poor. Toxic lending was a culture and the whole system could collapse any time in the next three years given chinas issues with over production for a world market still depressed from the last crash. China simply doesnt sell enough products to its own people and the rest of the world is skint so are buying less. Aus is not a safe option unless you actually own land and are sitting on opals.

[bb1boy]

That's it, I'm building a bunker.

[wurlycorner]

So this is the measure of the economic collapse you're predicting for next year?

Soon enough they will announce you cant take more than a few grand out of the country and after that a one time tax on pensions and after that who knows?

[lewd lude lover]

No Iain and you are being obtuse. I wonder why this is always the case when discussing world finance? Cognative dissonance springs to mind.

Either of those thing happening should seriously worry any person, if it doesn't then you need to bone up. Neither of these things will happen BEFORE the next crash but you can be sure they will be discussed and maybe brought in. I dont think you have extrepolated the 'taking money out of the country' thing.

Thats confiscating your holiday money at the airport if you have too much to preventing people from emigrating to stopping cash transfers out of the uk full stop. Stopping companies rlocationg etc etc. Last time was in the late 70's. Anyone remember what the early 80's was like?

The issues are compounded now by crippling #1 world debt.

We face a future situation of rolling recessionary periods where people never really feel like it got better while in each convultion the wealth travels upwards a few more steps. This is how the system is designed. You can see it for your self if you only had time to do some reading, rather than make empty remarks with no basis in factual research
The #3 and #2 world know this very well, over the last 30 years it has been the turn of the #1 world nations to come under the yoke of international debt.

You watch. We'll say no to fracking. WB will shake its saber and suddenly the GOV will let it in a 'little bit' and we will be let off an interest hike. Then it'll be the answer to all our needs and the enviroment will be secondary to all the WEALTH.
Our green energy bills and planned taxes will be cut back and shelved in favour of 'cheap' gas and coal, or our interest rates go up a 'little bit'.

That little bit pushes us into spiraling contraction. We will dance to the tune of the world bank the same as Brazil, indonesia and all the other nations before us to prevnt this happening. We are literally stood on nothing.
The international loan scene is no different from your loansharks on a shitty council estate buddy. To think otherwise is to be willfully ignorant.

Please research fractional reserves and tell me we are stood on solid financial ground.

Please research John perkins and his role in the 50's-90's.

Please research the wealth gap and its current growth.

Please take a look at how many of the worlds top economies are corporations rather than nations. Out of 200 have a guess....

Please refrain from comment until you have something constuctive to add.

[wurlycorner]

James,
TBH, I really don't know what's got your goat here...
I've not commented or expressed any views on whether I think what you said is right/wrong - although you seem to have leapt massively on the defensive and come out with a condescending reply. That's based on..? I don't know what?
Anyway, no offence taken by me on it. I can only assume something must have got seriously lost in translation on its way to you...

You said there will be an economic collapse next year and I simply asked a question on what would define that economic collapse for you - that's all.
And I asked that specifically because as we all know, there are/could be any number of interpretations of an 'economic collapse' and I didn't want to presume or misinterpret what you were saying - I wanted to understand how you were defining it.

You replied but I thought only one bit in your reply seemed to answer the question and that read out of context, so I asked if that actually was meant to be the answer!
and I'm still not sure the question has been answered yet, hence I still couldn't comment on whether I think there will be an economic collapse next year or not, even if I wanted to?

At the end of the day we may well/probably do have different opinions on world finance - that's not a problem for me and I have no intention or hidden pretext of trying to fall out over it - I just wanted to understand what your view was!


As for this;

Please refrain from comment until you have something constuctive to add.

Well, come on, that could only really get the same response I'm sure you'd give if it was directed at you
(i.e. "drokk off!" )


Anyway, whatever, can we get back to normality?

(And yes, I am actually still interested to know the answer to my question!)

EDIT:
((And also yes, the way we produce Energy is bonkers, FFS get away from burning fossil fuels to create electricity as fast as bloody possible if the environmental arguments isn't enough, the knock on effect onto other areas of the economy from depleting the ordinary oil/gas reserves and the reliance that will put us onto disreputable countries for supply are truly ridiculous. Stop drokking about and get on with building some fission plants asap in the short term and switch off the gas plants, for gods sake! )

[lewd lude lover]

No offence meant mate hence the nerd, tongue and such. We have spoken on this subject before though and it was from a whole I took my impression. I do rather have a bee in the bonnet about this suject as it is quite so important and I find it hard to turn the volume down.

Things that preseage the next collapse or things that can easily 'cause' it.

HSBC collapse (really a real possibility)
Bull Markets with little actual GDP growth in usa
Italy/portugal/greece pull from the euro
China reducing exports to usa
Exessive outsourcing to 2# world thanks to higher tax burden
BoE interest rates go up
russia cut gas exports to germany
usa default on debt limit
usa stalling due to international slow recovery
banks refuse credit to private sector
Business debt rise/ growth


The whole thing is resting on emerging markets and almost toxic lending at the moment. E.M. are not healthy enough to bear the brunt of a full recovery thanks to over eager borrowing while still following out of date export models and large amounts of the mortgages given out in the last 6-8 years are being paid by people who have seen maybe 2-3% wages rise in that time. It wouldn't take much of an interest rise to push many people back into repossession territory and that will cascade out of the housing sector into the private trade sector and beyond. Add that to the massive toxic loan situation in europe and you get an idea of the surface just below the surface.. Any all and loads of other signals and signs will seriously stress an already stressed global market and it will be a shock to everyone, considering how good the figures look.......

Is that more useful?