survivy
Junior Member
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Post by survivy on Oct 3, 2019 18:42:36 GMT 10
In the US they are saying looking at past patterns, we are headed for a massive recession in 24 months.
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Deleted
Deleted Member
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Post by Deleted on Oct 3, 2019 18:57:02 GMT 10
i think this is the start of it and we will be in the shit next year , thats just my opinion though,cheers jas
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frostbite
VIP Member
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Post by frostbite on Oct 3, 2019 19:34:00 GMT 10
I wish I had a $ for every time someone said an economic collapse was imminent.
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spatial
Senior Member
Posts: 2,396
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Post by spatial on Oct 3, 2019 22:11:24 GMT 10
Interest rates are at0. 75%, never seen before, debt both gov and private at all time high. The cracks are showing all over. Not long till it implodes. The guys that predicted the last crash are all now saying the party is over. www.zerohedge.com/markets/peter-schiff-party-over |
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Post by milspec on Oct 3, 2019 23:15:43 GMT 10
IMHO the present conditions really are worrying enough to make any genuine prepper step up their game and get as much done as possible. It seems more and more people are realising how dependent on the system most people are in modern western society. From my perspective we cant get our preps in order quickly enough!
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Post by WolfDen on Oct 4, 2019 9:46:54 GMT 10
Been hearing it too much over the past 12 to 24 months. I don't believe they really know.
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fei
Senior Member
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Post by fei on Oct 4, 2019 11:18:48 GMT 10
Been hearing it too much over the past 12 to 24 months. I don't believe they really know. I think its more an issue of if things were running the way they did before the GFC, then we would be in a major recession. But the world's central banks fixed (supposedly) the GFC by pumping trillions of dollars of debt into the system, creating a bigger and bigger mess, so that now all they can do is keep adding more debt, otherwise the whole system collapses. The issue is that no-one knows at what point no more debt can be added. Eventually something has to give, at which point all the banks etc acknowledge that the debts will never be repaid and everything goes under. |
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blueshoes
Senior Member
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Location: Regional Dan-istan
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Post by blueshoes on Oct 4, 2019 16:29:56 GMT 10
Unless they don't. If something forces or triggers decent inflation, debt will be shrunk (along with savings) and a lot of the mess will be sorted ... but a lot of mom-and-pop investors won't have so much money anymore either. At least the truly rich will have converted to gold and assets and be fine?
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Post by spinifex on Oct 4, 2019 17:07:14 GMT 10
The truly rich are 'too big to fail' ... any system reset will involve making sure the apex of the social-economic pyramid remains perfectly intact.
This is basically already achieved because those with access to plenty of money have already bought up the lions share of productive assets. The rest of us will just notice that lifes essentials (medicine, food, utilities, accommodation) slowly become less affordable while non essential consumer goods get relatively more affordable before finally disappearing off the shelves for good for lack of our ability to pay for them at any price.
'They' will defend the current economic system with increasing desperation as it has worked so well for those at the top. I expect cash to be outlawed in the not too distant future and all gold/silver to be nationalised at some point. I would also expect land and death taxes to become exorbitant in order to shake the un-wealthy out of the ownership of real estate and into being life-long renters.
The end-game for the rulers is most likely to ensure that the lower 99.99% are reduced to dependency. This approach has already been used in Australia to dispossess discharged convicts and less wealthy pioneer settlers of their legally acquired farms in Tasmania and force them into being low paid, obedient wage slaves for more recently arrived rich masters.
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Jul 7, 2024 11:02:41 GMT 10
Jul 7, 2024 11:02:41 GMT 10
