|
|
Post by SA Hunter on Dec 22, 2017 21:25:42 GMT 10
|
|
|
|
Post by jonasparker on Dec 31, 2017 10:23:22 GMT 10
Wrong! I believed (and still do)! However, I'm more worried about Portugal, Italy, Germany, and Spain collapsing the EU first (and Japan isn't exactly anything I'd care to bet on either).
|
|
norseman
VIP Member
Posts: 2,237 
Likes: 1,888
|
Post by norseman on Dec 31, 2017 13:27:00 GMT 10
jonasparker
Wrong! The reality is most Australians who are even halfway prepped would just laugh this Eurotrash / US collapse crap totally off! Europe or even the US imploding in a state that would bring on a serious SHTF condition would not mean a whole lot to most of us who inhabit remote / semi remote rural retreats! Just remember even though it is a work of precognitive fiction we Australians still own the creative vision that invented the Post Apocalyptic World of Mad Max!!
|
|
spatial
Senior Member
Posts: 2,396
Likes: 1,560
|
Post by spatial on Dec 31, 2017 17:05:23 GMT 10
The worlds economy is very intertwined and global one pin prick from any direction, banks, EU, China, Japan NK war and it all goes down together. The 2007/8 GFC the world was hours away from total banking collapse. This time there will be no stopping - you will wake up one morning and all bank accounts across the world will be frozen. Yip Australia is a big net exporter of food - Islands like Japan, Philippines. Indonesia will be hurting - it could lead to invasion if they don't kill each other first. I bugged out from southern Africa to Aus the promised land - there are not many places a person could be safer. The last few major economic collapses were bubbles in IT, housing etc.. this time it is the "everything bubble" and debt is beyond anything ever seen in the world before. 2017 saw the US stocks (DOW Jones) go up every month for the entire year - that has never happened before. Price to earnings are at historic highs. The global freight train has already caught a speed wobble and is derailing in front of our eyes. The Greatest Bubble Ever: Why You Better Believe It - Part 2www.zerohedge.com/news/2017-12-29/greatest-bubble-ever-why-you-better-believe-it-part-2 |
|
norseman
VIP Member
Posts: 2,237
Likes: 1,888
|
Post by norseman on Dec 31, 2017 17:45:02 GMT 10
spatial,
Yes! Yes! But the bit you really need to tell me is when is it all coming down?? Don't need to know the hour, the day or even the week, the month of which year will be totally fine!
|
|
spatial
Senior Member
Posts: 2,396
Likes: 1,560
|
Post by spatial on Dec 31, 2017 19:41:54 GMT 10
|
|
spatial
Senior Member
Posts: 2,396
Likes: 1,560
|
Post by spatial on Dec 31, 2017 19:44:13 GMT 10
Happy New year to all -
Any tinny bit of preparation will might make a big difference, even if it is just skills or a prepard disaster mindset not to panic and do stupid things...
|
|
Deleted
Deleted Member
Posts: 0
Likes:
|
Post by Deleted on Jan 5, 2018 21:51:35 GMT 10
Spatial I'm with you on this I think a maximum of 18 months, my present thinking is there is some serious money still to be made in the share market, but I'm a very nervous investor and I'm watching for the first signs of trouble and I will be out! Faith in Trump to make America great again is currently fueling the boom, so if Trump goes down watch the repercussion also if the public wake up that he is not so smart that could be a trigger too!
|
|
fei
Senior Member
Posts: 604
Likes: 876
|
Post by fei on Jan 6, 2018 2:03:36 GMT 10
We had a few friends around for drinks on New Year's Eve. Got talking about investing etc, as three of the four guests work at banks. They one guy who oversees all the accounts for VIP customers in his branch was telling us how pretty much all the avenues they had for helping customers get money out of China have been closed down by the authorities over 2017. Then went through a whole list of possible investments within China (ie. housing, stocks, term deposits etc) and pointed out exactly what the government has done over the past 12 months or so to ensure that money is only going into their approved investments (ie. provincial governmental bonds). This combined with data we've seen about how half of China's provinces are basically only surviving due to taxes raised in other provinces, plus the amount of people immigrating, getting money out through the black market etc, and its pretty clear that as much as China wants everyone to think the economy is fine, that in reality the growth rate is much lower than it used to be and continuing to slow right down.
Many people are also convinced that Trump is going to launch a trade war, not to mention that the media talked about his tax cuts as being aimed at drawing all investment away from China, the fact that all sorts of financial high flyers have been arrested, plus a whole bunch of other factors (not least the North Korea issue), and theres not many Chinese who believe anything the government says about how great the economy is.
|
|
|
|
Post by jonasparker on Jan 7, 2018 0:38:59 GMT 10
Good info there, Fei! Thanks for the insight.
|
|
