HSBC WARNS: The world economy faces a 'titanic problem'

The market can go ahead and collapse for all I care. I didn't feel any major affects when it dropped in 2008, haven't felt any better with its recent recovery. Didn't have any money then, don't have any money now, doubt I'll have any money in the future.

a reply to: cmdrkeenkid

You're not alone pal. When the bottom drops out and all the wall street guys are jumping out windows and the rich are crying because their money is worthless and they don't know how to do anything for themselves and all the rich brats of the world pout and stomp and whine about their trust funds being all gone, you and I and many others can sit back and enjoy watching the expression on their smug, privileged faces as reality sets in and kicks them square in the balls.

a reply to: cmdrkeenkid

I guess the meek really do inherit the earth

Interesting considering the company sent all its employees a memo today telling them that they would now "partner" with employees in the management of all 401K retirement funds, meaning that employees will lose the complete autonomy they had to pick and choose how their monies would be invested and in what percentages. Now the company will have preset investment patterns that will dictate how much you can and can't invest in the various fund categories depending on how close you are to retirement.

Like my husband said in his email ... it's not a government takeover ... yet.

But he's not happy about it, and is considering a range of options from lying about his projected retirement age to yanking money from time to time to start his own private retirement.

a reply to: TechniXcality

Yes sir all 6 feet of it.

a reply to: ketsuko

Noises afoot here suggest they are thinking of raiding retirement and savings,the next rich bailout

a reply to: mOjOm
a reply to: TechniXcality

I think as long as I've been a member of ATS, there has been an ever-impending, only weeks to months away, total and complete global market crash. I doubt it will happen, but if it does happen, then I don't see how it will really affect so many people.

a reply to: cmdrkeenkid



That's pretty much the mantra of the past 9 years here...

Eventually it will happen, I'm sure, but you can't live your life in fear of uncertain pending disaster. Just be prepared and be alert and recognize that it is what it is.

originally posted by: khnum
a reply to: ketsuko

Noises afoot here suggest they are thinking of raiding retirement and savings,the next rich bailout

Yes, we hear about it. We've been watching for it, but his retirement fund has been doing really well, even through the crash ion 2008 because he saw it coming and managed to put a lot of his fund into the right places to weather it well. We keep hoping we'll be able to spot the impending takeover in time to yank as much as we can.

It helps that he only contributes after tax, so we never get penalized in that way.

a reply to: ketsuko

Im into metals and real estate which at the moment is not that great due to tptb pushing shares and bonds but one day it will pay off,I remember my Granfathers advice on investment,'if you kick it,it should hurt'

a reply to: khnum

I'm wary of bonds. The government has so much debt that I'm worried that all I'd wind up doing is putting money in and getting squat back out when the system goes under.

originally posted by: khnum
a reply to: smurfy

1.9 billion fine for laundering drug money 3.4 billion for forex rigging other fines for tax evasion etc etc and not one knob in prison, meanwhile police shoot a homeless man 43 times over a stolen cup of coffee...

I getcha, Too big to fail eh? I bet they got a slice of that anyway. "Here's your fine back Mr HSBC, we'll just call it a bailout"

I think there's a good chance things might topple this year, and maybe even not because it was planned, but because we are facing a severe El Nino year....

If the economics are already in perril then imagine what it will be like when Asia gets hit with crop killing droughts.

And then follow this up by a colder than usual winter in Europe which is often the case with El Ninos; the east gets the hot summers and we get the cold winter.

originally posted by: TechniXcality

This is all I've got to say.

Well since we are going there..................



~$heopleNation

For me, Sept/Oct 2015 is going to be the beginning of a cycle that transpires over the next 2-3 years. I view the economy through two windows - economics and astrology. Now to some that may not make sense, but keep in mind that astrology is merely another data set (albeit a data set that many argue is hocus pocus). Regardless, patterns are presenting themselves.

According to astrology we are moving into troubling times that are not merely economic related and I've said this on the forum several times. I can only hope that I am wrong because using the astrological data set I fear we are looking at a societal combination somewhere close to Great Depression + Revolutionary War.

At any rate, I hope this sparks a good discussion.
Cheers!

So can you look back astrologically and know the signs 3-5 months before Bear Stearns? Say, Oct-Dec of 2007?? Serious question. I am well-versed in the Keynesian paradigm of economics - any new data set that is any more predictive than the current, I'd love to know. Even pay.

Thanks in advance!

originally posted by: ugmold
a reply to: WCmutant
Why the masses, including ISIS, don't take the Banker Scum out is beyond me.

Because that's where ISIS gets its money. You don't bite the hand that gives you AK's and RPG's.

originally posted by: johnwick
a reply to: WCmutant

It is because a central bank fiat currency economy is designed to unravel itself at some point.

It can't be sustained.

The longer it goes on the greater the debt will be.

There is no other possible outcome.

I say audit the fed, liquidate all its assets and those of its secret shareholders, and relaunch precious metals backed currency.

Just my $0.02

Personally I think the best solution is to nationalize the FED and every other central/reserve bank and forgive all debts. Hit that big financial reset button and start over.

But it's going to be a fight before that happens.

Cheers - Dave

a reply to: bobs_uruncle

I don't believe any amount of fighting will ever lead to that reset button being pressed. They'll never allow all the debt slaves to be free.

a reply to: Sublimecraft
8. The United States Federal Reserve… all the major players working
solely for #1b .Brilliant and dead bang accurate otherwise, thank you SC.
PS 8's evil mommy was assumed anyway. I really am a full-spectrum doofus...

originally posted by: wasaka

originally posted by: ugmold
a reply to: WCmutant
Why the masses, including ISIS, don't take the Banker Scum out is beyond me.

The non-violent way to do that is join the Bitcoin economy.

Anarchy for the win.