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Post by SA Hunter on Aug 5, 2018 19:59:54 GMT 10
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spatial
Senior Member
Posts: 2,396
Likes: 1,560
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Post by spatial on Aug 5, 2018 21:51:59 GMT 10
I agree, debt is well beyond anything ever seen in history before. The US Federal Gov, despite so called good economic performance is increasing debt by USD $1T in the current financial year, soon the interest rate payments will be more than tax income. All the financial guys that predicted the 2008 crash and were laughed at are now coming out and saying imminent crash. Japan had to intervene three times in the last week to save their failing bond market. China had to do currency intervention to prevent a liquidity crises this week as well. Many of the Emerging Markets (EM) like Venezuela, Brazil, South Africa, Turkey are having debt problems due to rising USD. There were bread riots in Iran this last week, US, Canadian, UK and Australian house prices are falling - cracks are starting to show everywhere - I would not be surprised if we see a big event in October this year.
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Post by Peter on Aug 5, 2018 22:07:42 GMT 10
That was one of the most vague articles I've read in a while. In summary:
- Governments are racking up debt - Gold is more stable than national economy - Real estate is good if you don't stuff it up.
I agree with all points, but so would anyone who's actually thought these things through. I just wish something of substance was stated.
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