A World In Debt

[imkruzen]

A different perspective

[SkyRider]

what does it matter? everyday people still gotta eat food and go poo. if dec 2012 comes it wont matter lol, and you cant eat money.

[Jinster81]

Thanks for the link, very informative site.

[psycho44]

Didn't the United States get downgraded by S&P on their AAA rating? So now they have to pay more interest. All that military power spending won't get you anywhere unless you do evil things with it. The U.S. annual interest alone can slash our entire debt in half. If we get rid of Quebec we'd be in the surplus!

[Jinster81]

Oh I might have to add.

Greece is facing austerity that is causing ton of hardship for it's people. With the global debt actually greater than it's economy it's only a matter of time that the wall separating the 1st and the 3rd world will crumble. Those of the 3rd world will dispense unbelievable misery to the 1st world. And the entire world will enslaved by poverty while the 'money exchangers' of today will be the masters.

[OpenGambit]

Oh I might have to add.

Greece is facing austerity that is causing ton of hardship for it's people. With the global debt actually greater than it's economy it's only a matter of time that the wall separating the 1st and the 3rd world will crumble. Those of the 3rd world will dispense unbelievable misery to the 1st world. And the entire world will enslaved by poverty while the 'money exchangers' of today will be the masters.

lol

[mxs]

Oh I might have to add.

Greece is facing austerity that is causing ton of hardship for it's people. With the global debt actually greater than it's economy it's only a matter of time that the wall separating the 1st and the 3rd world will crumble. Those of the 3rd world will dispense unbelievable misery to the 1st world. And the entire world will enslaved by poverty while the 'money exchangers' of today will be the masters.

LOL #2 ... I have no clue what you meant, but I thought it was funny.

[klr_guy]

lol #3

[fastar1]

Oh I might have to add.

Greece is facing austerity that is causing ton of hardship for it's people. With the global debt actually greater than it's economy it's only a matter of time that the wall separating the 1st and the 3rd world will crumble. Those of the 3rd world will dispense unbelievable misery to the 1st world. And the entire world will enslaved by poverty while the 'money exchangers' of today will be the masters.

Something like that.

The playing field is being leveled somewhat due to globalization. Which invariably means dragging the wealthy down to the level of the poor, rather than the other way 'round.

[FiReSTaRT]

Something like that.

The playing field is being leveled somewhat due to globalization. Which invariably means dragging the middle class down to the level of the poor, rather than the other way 'round.

Corrected

[Red695]

A different perspective

It's disgusting to me that the majority of people are so uninformed about the global debt crisis. We are no where near seeing any kind of resolution to this massive problem and there is no way to fix what has been done. They keep delaying the inevitable with QE but the bullet can't be dodged. A small portion of the population who are aware are going as far as to stock pile bullion and purchase farm land for the coming of the 2nd depression. There is a very real potential for anarchy if this is not handled well, imo.
The quantitative easing can't keep happening. At this rate the US will lose its standing as the reserve currency and there are few countries who's currency is safe. Interest rates will have to go up at some point and real estate will crash. The only safe place to keep your wealth is physical silver and gold.
The movie "To Big To Fail" is a good insight into the crash of '08. I also like to follow Gerald Celente. He is smart and funny as hell.

[01cbr]

It's disgusting to me that the majority of people are so uninformed about the global debt crisis. We are no where near seeing any kind of resolution to this massive problem and there is no way to fix what has been done. They keep delaying the inevitable with QE but the bullet can't be dodged. A small portion of the population who are aware are going as far as to stock pile bullion and purchase farm land for the coming of the 2nd depression. There is a very real potential for anarchy if this is not handled well, imo.
The quantitative easing can't keep happening. At this rate the US will lose its standing as the reserve currency and there are few countries who's currency is safe. Interest rates will have to go up at some point and real estate will crash. The only safe place to keep your wealth is physical silver and gold.
The movie "To Big To Fail" is a good insight into the crash of '08. I also like to follow Gerald Celente. He is smart and funny as hell.

Omg another one.

[Red695]

Omg another one.

I would genuinely interested in what you think about all of this? I don't want to believe we have a crisis. Convince me.

[01cbr]

I would genuinely interested in what you think about all of this? I don't want to believe we have a crisis. Convince me.

I didnt learn my economic theory from youtube first of all.

If your so concerned about rising interest rates, lock in your mortgage.

Once an economy picks up higher interest rates are a good thing. Why is the US in such a hole? When they were in the largest growth period ever they should have raised interest rates and been paying off debt instead of spending so much money.

Soon enough Canada will start to report a surplus.

I don't take any economic information seriously, they all have an agenda. There have been people preaching about the big collapse ever since we dropped the gold standard. On the flip side some economists were convincing people at one point we had become recession proof.

The value of our dollar my drop, but then again the value of your services will then increase equally in the opposite direction.

Our economy has just become a much more complicated trade and barter system than it started out as.

[Dr.Manhattan]

Im all in favor of a Zombie Apocalypse, and starting over from there.

[Red695]

I didnt learn my economic theory from youtube first of all.

If your so concerned about rising interest rates, lock in your mortgage.

Once an economy picks up higher interest rates are a good thing. Why is the US in such a hole? When they were in the largest growth period ever they should have raised interest rates and been paying off debt instead of spending so much money.

Soon enough Canada will start to report a surplus.

I don't take any economic information seriously, they all have an agenda. There have been people preaching about the big collapse ever since we dropped the gold standard. On the flip side some economists were convincing people at one point we had become recession proof.

The value of our dollar my drop, but then again the value of your services will then increase equally in the opposite direction.

Our economy has just become a much more complicated trade and barter system than it started out as.

You're right, I should have advised people to sign up for a degree in economics from an ivy league school instead of advising youtube. Doh!

I have my mortgage broker on standby because he has guaranteed me he will call me the minute it is time to lock. I did want to lock, but a 90minute conference call between myself, my broker and my person I am financially attached too, both of them arguing tooth and nail for variable sadly ended in variable But, I put the difference into bullion every month so I have a back up plan.

Your insight sounds lovely and it would be nice to believe but it seems to be purely speculation based on your reply. While I am certain you are a genius, I would be a fool to listen without more viable evidence. Even with only a BA in Fine Art I can figure that out.

[01cbr]

I generally only engage in these types of threads to poke fun at these opinions but I will give this genuine response thing a try.

It's disgusting to me that the majority of people are so uninformed about the global debt crisis. We are no where near seeing any kind of resolution to this massive problem and there is no way to fix what has been done. They keep delaying the inevitable with QE but the bullet can't be dodged. A small portion of the population who are aware are going as far as to stock pile bullion and purchase farm land for the coming of the 2nd depression. There is a very real potential for anarchy if this is not handled well, imo.
The quantitative easing can't keep happening. At this rate the US will lose its standing as the reserve currency and there are few countries who's currency is safe. Interest rates will have to go up at some point and real estate will crash. The only safe place to keep your wealth is physical silver and gold.
The movie "To Big To Fail" is a good insight into the crash of '08. I also like to follow Gerald Celente. He is smart and funny as hell.

How would we EVER survive with higher interest rates!!

http://www.bcrealtor.com/d_bkcan.htm

[Red695]

I generally only engage in these types of threads to poke fun at these opinions but I will give this genuine response thing a try.




How would we EVER survive with higher interest rates!!

http://www.bcrealtor.com/d_bkcan.htm

And this is what you come up with???

C'mon...don't waste my time.

Show me how this scenerio is the same as our current situation. Do you even know why interest rates rose back then? This argument lacks balls and relevance. And beyond that it strays from your original points.

I'm on vaca and this is clearly going no where. I am out.

[01cbr]

And this is what you come up with???

C'mon...don't waste my time.

Show me how this scenerio is the same as our current situation. Do you even know why interest rates rose back then? This argument lacks balls and relevance. And beyond that it strays from your original points.

I'm on vaca and this is clearly going no where. I am out.

LOL great cop out.

Interest rates general rise during secure economic times.

[eastcoast_gsx]

http://www.youtube.com/watch?v=kTWoN-gnLA8

At the end of it all, the only metal you need, will have gun powder behind it