mmh8 Posted November 27, 2013 Share Posted November 27, 2013 Also my quotes article was referring mostly to uk pensioners , 25000 of whome perished from the cold last winter. This group are choosing between "heating or eating" as they say; I doubt the price drop of the latest smartphone tarrif affects them too much. Obviously inflation is subjective as to needs each individual and the lowest income % are worst affected. A shocking increase of cold related deaths it looks like to me and rather bad taste to dismiss so many thousands with blanket statics without sparing a thought of few as to the very real situation many are faced with. I know several families under pressure in a similar way as the pensioners are. The UK utilities affects my business and the spiralling cost of living was one of the chief reasons we moved back to Thailand also. Sent from my iPhone using Thaivisa Connect Thailand mobile app Could this be the governments response to aging population? plunder the pensions of the increasing number of pensioners while finding a way to reclaim the money for the country Link to comment Share on other sites More sharing options...
midas Posted November 29, 2013 Share Posted November 29, 2013 (edited) UPDATE 1-Venezuela's annual inflation hits 54.3 pct http://www.reuters.com/article/2013/11/07/venezuela-inflation-idUSL2N0IS28H20131107 Edited November 29, 2013 by midas Link to comment Share on other sites More sharing options...
midas Posted November 29, 2013 Share Posted November 29, 2013 So far in USA you have food prices going up, incomes not going up and now with Obama care healthy 30-year-old men will be forced to pay health insurance premiums that are 260% higher. This is going to suck a huge amount of discretionary income out of the economy health insurances in civilised countries are based on socialism. many healthy ones pay for [not so] many [not so] healthy ones. notwithstanding the fact the the 260% are pure refined male bovine feces another fact is the the today healthy 30y old men will be sooner or later 60, 70, 80 or older and depend of young healthy ones to pay with their premiums for the medical treatment of older ones. that an industrialised country like the "Greatest Nation on Earth™" had/has no mandatory health insurance for each and every citizen (normal since decades in other countries) is a shame. It no good if the result is that USA is turning into a nation of part-time workers Link to comment Share on other sites More sharing options...
midas Posted December 3, 2013 Share Posted December 3, 2013 Biggest drop in savings for 40 years, Bank of England figures reveal They took £23 billion out of long-term savings in the past 12 months, equivalent to £900 for every household in the country. They either spent the cash – which in many cases was earning little more than 1 per cent interest – or moved it to easy-access current accounts. The Bank’s figures suggest that record low interest rates have convinced many to give up on the prospect of meaningful returns on their nest eggs. However, the withdrawals may also have helped to power Britain’s economic recovery, with much of the cash being spent on consumer goods. http://www.telegraph.co.uk/finance/personalfinance/savings/10489947/Savings-drop-to-lowest-level-in-40-years-Bank-of-England-figures-reveal.html Link to comment Share on other sites More sharing options...
midas Posted December 3, 2013 Share Posted December 3, 2013 Just when you thought behavior on Black Friday couldn't get any more shocking. Two women were captured on video early Friday morning throwing punches at a Philadelphia, PA. mall before one of the women used a stun gun on the other, NBC10 reported. http://www.huffingtonpost.com/2013/11/30/woman-tasered-black-frida_n_4363767.html Link to comment Share on other sites More sharing options...
midas Posted December 4, 2013 Share Posted December 4, 2013 Also my quotes article was referring mostly to uk pensioners , 25000 of whome perished from the cold last winter. This group are choosing between "heating or eating" as they say; I doubt the price drop of the latest smartphone tarrif affects them too much. Obviously inflation is subjective as to needs each individual and the lowest income % are worst affected. A shocking increase of cold related deaths it looks like to me and rather bad taste to dismiss so many thousands with blanket statics without sparing a thought of few as to the very real situation many are faced with. I know several families under pressure in a similar way as the pensioners are. The UK utilities affects my business and the spiralling cost of living was one of the chief reasons we moved back to Thailand also. Sent from my iPhone using Thaivisa Connect Thailand mobile app It looks like maybe they have chosen heating over eating Food poverty in UK has reached level of 'public health emergency', warn experts http://www.independent.co.uk/news/uk/politics/food-poverty-in-uk-has-reached-level-of-public-health-emergency-warn-experts-8981051.html Link to comment Share on other sites More sharing options...
kblaze Posted December 4, 2013 Share Posted December 4, 2013 (edited) "...ah lets see what ol midas is preachin today in the world of doom n gloom" *clicks on financial crisis thread...* "ahh..there we go...Uk poverty" Edited December 4, 2013 by kblaze Link to comment Share on other sites More sharing options...
mccw Posted December 10, 2013 Share Posted December 10, 2013 """" Money market funds held a lot of Lehman paper. It happened overnight, 30+ million Americans who believed money markets were safe, and then Lehman fails. This caused a major money market fund to “break the buck” and lose value. It became a great silent electronic run on money markets. There was $3 1/2 trillion in money market funds and $175 billion of funds flowed out in the first three days after Lehman failed. All money market funds held commercial paper. Companies like GE had a lot of commercial paper. After this, American industry literally stopped. !!!George Bush said, “If money doesn’t loosen up, this sucker will go down” – I believe this was the greatest economic statement of all time!!! . This is why he backed up Paulson and Bernanke. Companies were counting on the commercial paper market. In September 2008, we came right to the abyss. If Paulson and Bernanke had not intervened, in two more days it would have been all over. BRK always has $20 billion or more in cash. It sounds crazy, never need anything like it, but some day in the next 100 years when the world stops again, we will be ready. There will be some incident, it could be tomorrow. At that time, you need cash. Cash at that time is like oxygen. We can only surmise exactly why Buffett found Bush's words so powerful, but it's the combination of the understanding the answer to the crisis was looser money and the understanding of the stakes that it could have all totally collapsed. """" -biz insider ap Sent from my iPhone using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
midas Posted December 11, 2013 Share Posted December 11, 2013 (edited) World's biggest investor BlackRock says US rally nearing exhaustion BlackRock has advised clients to be ready to pull out of global stock markets at any sign of serious trouble BlackRock, which manages funds worth $4.1 trillion, said the global system is still in the doldrums and far from achieving sustainable recovery. “The eurozone, Japan and emerging markets are all trying to export their way out of trouble. Who is going to buy all this stuff? The maths does not work. Not everybody’s currency can fall at once,” it said. http://www.telegraph.co.uk/finance/economics/10507003/Worlds-biggest-investor-BlackRock-says-US-rally-nearing-exhaustion.html Edited December 11, 2013 by midas Link to comment Share on other sites More sharing options...
mccw Posted December 11, 2013 Share Posted December 11, 2013 Reality check and perspective on possible scenarios; worth the time to read it all in my opinion: http://danielamerman.com/articles/2013/QErealityC.html Sent from my iPhone using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
Loptr Posted December 11, 2013 Share Posted December 11, 2013 "...ah lets see what ol midas is preachin today in the world of doom n gloom" *clicks on financial crisis thread...* "ahh..there we go...Uk poverty" Doesn't take a rocket scientist to look at the global debt to GDP charts to see that this isn't going to end well. Link to comment Share on other sites More sharing options...
midas Posted December 11, 2013 Share Posted December 11, 2013 Reality check and perspective on possible scenarios; worth the time to read it all in my opinion: http://danielamerman.com/articles/2013/QErealityC.html Sent from my iPhone using Thaivisa Connect Thailand mobile app oh oh that inconvenient derivatives subject being flagged again ( that some people prefer to sweep under the carpet ) Link to comment Share on other sites More sharing options...
Loptr Posted December 11, 2013 Share Posted December 11, 2013 Reality check and perspective on possible scenarios; worth the time to read it all in my opinion: http://danielamerman.com/articles/2013/QErealityC.html Sent from my iPhone using Thaivisa Connect Thailand mobile app oh oh that inconvenient derivatives subject being flagged again ( that some people prefer to sweep under the carpet ) There are over $441 Trillion USD in Interest Rate Derivatives globally, just waiting for the 10 Year rate to climb over 4.0% before they trigger. Prepare accordingly. Link to comment Share on other sites More sharing options...
SheungWan Posted December 11, 2013 Share Posted December 11, 2013 Reality check and perspective on possible scenarios; worth the time to read it all in my opinion: http://danielamerman.com/articles/2013/QErealityC.html Sent from my iPhone using Thaivisa Connect Thailand mobile app oh oh that inconvenient derivatives subject being flagged again ( that some people prefer to sweep under the carpet ) There are over $441 Trillion USD in Interest Rate Derivatives globally, just waiting for the 10 Year rate to climb over 4.0% before they trigger. Prepare accordingly. The end of the world team are always waiting for something. Link to comment Share on other sites More sharing options...
Naam Posted December 12, 2013 Share Posted December 12, 2013 Reality check and perspective on possible scenarios; worth the time to read it all in my opinion: http://danielamerman.com/articles/2013/QErealityC.html Sent from my iPhone using Thaivisa Connect Thailand mobile app oh oh that inconvenient derivatives subject being flagged again ( that some people prefer to sweep under the carpet ) There are over $441 Trillion USD in Interest Rate Derivatives globally, just waiting for the 10 Year rate to climb over 4.0% before they trigger. Prepare accordingly. please kind Sir... tell us how to prepare. by stocking big quantities of Chang or Lao Kao and issueing futures and options on them? Link to comment Share on other sites More sharing options...
waza Posted December 14, 2013 Share Posted December 14, 2013 Reality check and perspective on possible scenarios; worth the time to read it all in my opinion: http://danielamerman.com/articles/2013/QErealityC.html Sent from my iPhone using Thaivisa Connect Thailand mobile app oh oh that inconvenient derivatives subject being flagged again ( that some people prefer to sweep under the carpet ) There are over $441 Trillion USD in Interest Rate Derivatives globally, just waiting for the 10 Year rate to climb over 4.0% before they trigger. Prepare accordingly. please kind Sir... tell us how to prepare. by stocking big quantities of Chang or Lao Kao and issueing futures and options on them? Ask a prepper....... 21 hours ago - A common question when preppers begin the process of accumulating supplies and knowledge is How much ammo do I need for SHTF? Link to comment Share on other sites More sharing options...
midas Posted December 14, 2013 Share Posted December 14, 2013 (edited) Reality check and perspective on possible scenarios; worth the time to read it all in my opinion: http://danielamerman.com/articles/2013/QErealityC.html Sent from my iPhone using Thaivisa Connect Thailand mobile app oh oh that inconvenient derivatives subject being flagged again ( that some people prefer to sweep under the carpet ) There are over $441 Trillion USD in Interest Rate Derivatives globally, just waiting for the 10 Year rate to climb over 4.0% before they trigger. Prepare accordingly. Billionaire Issues Chilling Warning About Interest Rate Derivatives http://theeconomiccollapseblog.com/archives/billionaire-issues-chilling-warning-about-interest-rate-derivatives Edited December 14, 2013 by midas Link to comment Share on other sites More sharing options...
Naam Posted December 14, 2013 Share Posted December 14, 2013 Are You Prepared For The Coming Economic Collapse And The Next Great Depression? The Beginning of the End is the first novel by Michael T. Snyder, the publisher of The Economic Collapse Blog. If you want to know what things in America are going to look like in a few years, you need to read this book... ...after you bought it, paying 17 Dollars and 9 Cents. http://theeconomiccollapseblog.com/archives/billionaire-issues-chilling-warning-about-interest-rate-derivatives Link to comment Share on other sites More sharing options...
mccw Posted December 15, 2013 Share Posted December 15, 2013 I just read an Elliot wave theory piece; long story short- break down of the stock market is imminent and PMs and commodities too. Last really for X- mass and disaster next Sent from my iPhone using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
midas Posted December 16, 2013 Share Posted December 16, 2013 Government hides risks of controversial Help to Buy scheme Ministers are refusing to publish the Government’s own risk assessment into its flagship housing policy, it emerged last night – triggering suspicions that they are trying to cover up official warnings that the scheme will endanger the British economy. http://www.independent.co.uk/news/uk/politics/government-hides-risks-of-controversial-help-to-buy-scheme-9005464.html Link to comment Share on other sites More sharing options...
midas Posted December 17, 2013 Share Posted December 17, 2013 (edited) USA can never expect a revival of the housing market with so many people that would find it hard to qualify for a mortgage? Only 31 percent of employed Americans work a 40-hour week, a new Rasmussen national telephone survey suggests. http://www.breitbart.com/Big-Government/2013/12/15/Rasmussen-Only-31-Of-Americans-Work-40-Hour-week Edited December 17, 2013 by midas Link to comment Share on other sites More sharing options...
mccw Posted December 20, 2013 Share Posted December 20, 2013 I like this quote from the Italian PM """"I have to keep the ship afloat, I want there to be instruments for growth without wrecking public finances," Letta told reporters in Brussels where he was attending a summit of European Union leaders. "Nobody has a magic wand, we can't print money." """"" "" we can't print money"" Well exactly. Because you are in the EU. Unlike the UK and USA who are printing however they like haha - http://uk.reuters.com/article/topNews/idUKBRE9BJ0KM20131220 Link to comment Share on other sites More sharing options...
jpinx Posted December 21, 2013 Share Posted December 21, 2013 I like this quote from the Italian PM """"I have to keep the ship afloat, I want there to be instruments for growth without wrecking public finances," Letta told reporters in Brussels where he was attending a summit of European Union leaders. "Nobody has a magic wand, we can't print money." """"" "" we can't print money"" Well exactly. Because you are in the EU. Unlike the UK and USA who are printing however they like haha - http://uk.reuters.com/article/topNews/idUKBRE9BJ0KM20131220 Has to be said that for all the problems of the euro, it has stopped panicking governments just printing their way out of trouble. Shame USA and UK can't join and let the Germans teach them how to manage their finances ! Link to comment Share on other sites More sharing options...
Naam Posted December 21, 2013 Share Posted December 21, 2013 I like this quote from the Italian PM """"I have to keep the ship afloat, I want there to be instruments for growth without wrecking public finances," Letta told reporters in Brussels where he was attending a summit of European Union leaders. "Nobody has a magic wand, we can't print money." """"" "" we can't print money"" Well exactly. Because you are in the EU. Unlike the UK and USA who are printing however they like haha - http://uk.reuters.com/article/topNews/idUKBRE9BJ0KM20131220 Has to be said that for all the problems of the euro, it has stopped panicking governments just printing their way out of trouble. Shame USA and UK can't join and let the Germans teach them how to manage their finances ! vee Tchermans and our Tcherman goffernment are vell-known troubbel makers. vhy vould any ozzer kountry ask us how to manatch zeir finantzes? Link to comment Share on other sites More sharing options...
midas Posted December 24, 2013 Share Posted December 24, 2013 Protecting your deposits from confiscation. What are bail-ins? This webinar is a great introduction to bail-ins and the threat posed to personal and corporate deposits across the globe. Most people are not aware that the majority of G20 members have plans in place to introduce bail-in programmes as was inflicted on the citizens of Cyprus. This house of cards stand perilously close to collapse and it is incumbent on depositors to make themselves aware of the risks posed to their life savings / deposits. http://www.slideshare.net/MichaelOBrien3/protecting-your-deposits-from-confiscation Link to comment Share on other sites More sharing options...
chiang mai Posted December 24, 2013 Share Posted December 24, 2013 Indeed, why lose part of your assets to confiscation when you can lose an even greater share by buying gold! Link to comment Share on other sites More sharing options...
MJP Posted December 28, 2013 Share Posted December 28, 2013 Stumbling Toward the Next Crashhttp://www.nytimes.com/2013/12/19/opinion/gordon-brown-stumbling-toward-the-next-crash.html?_r=0 Link to comment Share on other sites More sharing options...
midas Posted December 28, 2013 Share Posted December 28, 2013 Stumbling Toward the Next Crash http://www.nytimes.com/2013/12/19/opinion/gordon-brown-stumbling-toward-the-next-crash.html?_r=0 Written by the guy who flogged off 400 tonnes of U.K.'s gold at a 20 year low Link to comment Share on other sites More sharing options...
MJP Posted December 28, 2013 Share Posted December 28, 2013 Stumbling Toward the Next Crash http://www.nytimes.com/2013/12/19/opinion/gordon-brown-stumbling-toward-the-next-crash.html?_r=0 Written by the guy who flogged off 400 tonnes of U.K.'s gold at a 20 year low I didn't want to say who wrote it, thought it best not to. Link to comment Share on other sites More sharing options...
midas Posted January 2, 2014 Share Posted January 2, 2014 (edited) The crisis was 5 years ago and really wasn't major. Curious, when was the world experiencing its glory days. Surely not in any of the decades prior to 1950 with all the devastating wars. Reality check - progress is bumpy! Global financial assets have been on a growth trend the last 5 years while debt is decreasing. Hmmm, seems like a normal financial bubble and there will be more. It's not politicians that drive financial cycles, we the people are greedy and hence the next "crisis". Keep carping about the doom while some of enjoy life and at the same time make money more days than not. Some posters are hilariously pathetic and would probably revel in Armageddon. Ain't going to happen or at least the odds are minuscule. I bet you any money you like that how ever bad things might have been even during world war 2 or after the war young people in the UK didn't hold anywhere near this kind of sentiment. They still had huge amounts of hope , even when they were surrounded with the rubble of bombed out buildings Young people 'feel they have nothing to live for' The trust says almost a third of long-term unemployed young people have contemplated taking their own lives. http://www.bbc.co.uk/news/education-25559089 Edited January 2, 2014 by midas Link to comment Share on other sites More sharing options...
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