Hey U.S., welcome to the Third World!

Me or HHB???

 

oh you have land too? I don't know too much about you.....only because we've never really talked.

how much do you have too?

*makes note to remember to address people*

 

Well basically short selling isnt and wasnt the problem with all this.
The problem is that govts dont understand banking , and listen to bank staff - who just wanna make money.Greed and incompetence *often* rule because Anglo-US banking is largely a "cronies club".

Make no mistake , for banks as big as these to go belly up , there's something *seriously* wrong.And the governments just dont know what to do just yet, I suspect.

 

I have 80 acres now but want more man do I want more.

 

short selling was only stopped because it was in danger of exposing just how bad everything is thus causing a run on the markets.. you forget short sellers are the ones that discovered enron among others.

the problem is/was fractional lending and derivatives.. to put it in perspective,Globally there is $75 trillion in real estate, $53 trillion in total GDP, and $675 trillion in derivatives. You do the math.

im well aware of what has lead us to this point i have been studying it for a year now..

 

I posted this earlier today in another thread but it got lost in the posts. It is just as pertinent here...

I just got back from a meeting with my financial advisers.

All of my major assets are being moved out of U.S. banks and into Platinum. gold and Silver bullion and real estate.

Of course they are being bought and stored out of the U.S.

It is going to be a bumpy ride

 

more is only going to mean more taxes. at some point the fed is going to tax our land and the more you have the more youll pay..

 

Hippyhillbilly
I've traded leveraged products a long time.
There's some pretty daft aspects to the OTC market in partic.
But they keep getting away with it..

PS his books are* really* good...

 

ive toyed with the idea of silver(coins).. i just dont have that large of a amount of liquid assets.
in some respects i know folks are going to want something tangible that there familiar with to take as payment,but at the same time i feel like food,firewood,etc. will be just as valuable to most when things hit bottom..

 

I see it as all part of the "Yin and Yang".
You dont get rich buying something when its expensive.
Only when its at rock bottom.
But it aint hit that , just yet , IMO.

 

well then im sure you understand it far better than i do. im just sayin thats the core of the problem from what i have read.. and theres no fixing whats been done without a disaster first..

 

oh no,we are nowhere close to rock bottom.. ive seen predictions of 9500 within 45 days.. the bank of scotland warned months ago of 9000 by the end of this month.. they IMO will only be a month off on there prediction..
and quite frankly i think its only going to get worse from there.. hell i know it is..

 

problem is , most people only understand a single system for making a profit.
Academics and govts are ridiculed for trying to understand the macro-ec.
And banks only want their own profits.
So its like a plane without a pilot...
The direct antithesis of Socialism.

I dont think people think of the "real economy" enough.
When I left uni , there were so many clever baxxxxrds unemployed.
The banks loved it -" good for inflation" etc
But even an idiot can see it aint good to put brains in McDonalds , or on the dole..

 

i dont think they care how smart you are. they want wealth and power to be for the chosen few.right now there are to many wealthy people in the world in there eyes and they aim to cull the herd..

 

Hmm.I think theyre out of touch , and terrified of outsiders coming in.
Cos thats when their cosy little club risks getting taken apart.

I've got a relative on the periphery of the "little club", on account of his (private)high school friends.A simpleton , and a right tit.Makes a mockery of well .. the whole country.

Anyway..bedtime for me.

 

Well I’ve taken all the necessary precautions in preparation for a third world economy; first my mattress is stuffed with ready cash, and gold & silver jewelry which I can use for barter. Secondly I sleep with a 9mm under the pillow and have an AK-47 rifle in my closet, and lastly I have a secret escape tunnel under the house should the authorities attempt a raid

That with a year’s supply of canned & dried goods should keep me going for a while



hotwater

 

except you just gave them all the details of your defense and escape plans.

 

hotwater

 

No need to fear-monger, Bill. You're sounding like Alex Jones.

 

Don't forget bottled water, batteries, fuel, a flashlight, and a breathing mask