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Markets to crash: scare mongering or not?


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And I wish someone was making book on the frequency of how many times we have heard the word recovery since 2008cheesy.gif

Don't forget that as late as 2006 they were still *frequently* using the word "recovery", talking about the 2000 dot com crash.

And even though markets are at all-time historic highs right now, they're still talking about the "recovery".

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I wish someone was making book on the frequency of these threads on TV - someone has been predicting financial Armageddon since I joined this board and long beforehand elsewhere. The US is particularly popular with folk who cant wait for the end of the world - fiscal and physical - I guess they are bound to get their wish eventually. I just don't think it will be in the fiscal quarter where I finally turn my back on the life of a wage-slave for something considerably more entertaining wink.png

if you are trying to make a point, I don't understand what it is?ermm.gif

It would be apparent even to Blind Freddie that you can't endlessly rely on a financial system which is built on limitless printing of fiat and scattering of credit like confetti that benefits only the 1% and leaves the 99% worse off year after year.

It's not about wishing for Armageddon . It's about wanting these silly bloody practices to end sooner than later so that the markets can be restored to some sanity.

And I wish someone was making book on the frequency of how many times we have heard the word “ recovery “ since 2008cheesy.gif

Effectively, I think our differences come down to whether you believe the US is run from Washington DC or the headquarters of Goldman-Sachs. Obama had the heads of all the big investment banks in front of him with their heads bowed like naughty schoolboys, and all they got was a slap on the wrist - I think that illustrates who's really running the country.

The silly practices you refer to will continue for as long as the big boys want them to continue, and there isn't a damned thing you and I can do about it. China's ghost cities, burgeoning debt in developing economies, limp consumer demand in the US - the list goes on - it's all grist for the mill and I'll worry about a 'collapse' when it happens. Nothing wrong with keeping a few extra cans of baked beans and some beer handy for emergencies, though wink.png

then we have no differences because I am in total agreement with you about who is really in charge . ph34r.png

And there may not even be a collapse? There could be decades of stagnation.sad.png

but what has amazed me more than anything from the events after 2008 is that so many people did nothing and were mesmerised by the so-called recovery when in fact, all the big boys did was to throw them a bone.giggle.gif

I mean if you're a single person or even a married couple without children then fine you can live for the moment and enjoy your temporary windfall from a financial system and market 's built on sand. But such people are clearly very much in the minority. So how could so many others who supposedly worry about the future welfare of their children have been so complicit with what was very obviously a pack of cards just by considering how the so called recovery was being engineered without asking what comes after all this?unsure.png i.e. when the heroin fix wears off ? sad.png

Edited by midas
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I wish someone was making book on the frequency of these threads on TV - someone has been predicting financial Armageddon since I joined this board and long beforehand elsewhere. The US is particularly popular with folk who cant wait for the end of the world - fiscal and physical - I guess they are bound to get their wish eventually. I just don't think it will be in the fiscal quarter where I finally turn my back on the life of a wage-slave for something considerably more entertaining wink.png

if you are trying to make a point, I don't understand what it is?ermm.gif

It would be apparent even to Blind Freddie that you can't endlessly rely on a financial system which is built on limitless printing of fiat and scattering of credit like confetti that benefits only the 1% and leaves the 99% worse off year after year.

It's not about wishing for Armageddon . It's about wanting these silly bloody practices to end sooner than later so that the markets can be restored to some sanity.

And I wish someone was making book on the frequency of how many times we have heard the word “ recovery “ since 2008cheesy.gif

Effectively, I think our differences come down to whether you believe the US is run from Washington DC or the headquarters of Goldman-Sachs. Obama had the heads of all the big investment banks in front of him with their heads bowed like naughty schoolboys, and all they got was a slap on the wrist - I think that illustrates who's really running the country.

The silly practices you refer to will continue for as long as the big boys want them to continue, and there isn't a damned thing you and I can do about it. China's ghost cities, burgeoning debt in developing economies, limp consumer demand in the US - the list goes on - it's all grist for the mill and I'll worry about a 'collapse' when it happens. Nothing wrong with keeping a few extra cans of baked beans and some beer handy for emergencies, though wink.png

then we have no differences because I am in total agreement with you about who is really in charge . ph34r.png

And there may not even be a collapse? There could be decades of stagnation.sad.png

but what has amazed me more than anything from the events after 2008 is that so many people did nothing and were mesmerised by the so-called recovery when in fact, all the big boys did was to throw them a bone.giggle.gif

I mean if you're a single person or even a married couple without children then fine you can live for the moment and enjoy your temporary windfall from a financial system and market 's built on sand. But such people are clearly very much in the minority. So how could so many others who supposedly worry about the future welfare of their children have been so complicit with what was very obviously a pack of cards just by considering how the so called recovery was being engineered without asking what comes after all this?unsure.png i.e. when the heroin fix wears off ? sad.png

Whereas the wise guys were advising buying gold at $1920, $1820, $1720, $1620, $1520. How's that for stagnation?

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@midas, I think we are back at the 'keep beer on hand' proviso, but the footage of Obama shaking the hands of the heads of the biggest investment banks in the US makes me cringe. He had them precisely where the US taxpayer needed them and his response was 'Dont do it again !' - like Detroit, Wall St was deemed 'too big to fail'. For all his rhetoric, he knows exactly where his post-Presidential bread will be buttered, and its not with homeless people in Philly. Dick Cheney probably still has envelopes containing thousands in unmarked bills mysteriously appear in his letterbox ;)

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