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Agent67Canada
reply to post by Dustytoad
Jesus will not be saving us ..it will be up to us to be prepared...please please take heed
Bassago
reply to post by Dianec
We would never see another Great Depression due to Monopoly money and bail outs. So what difference does it make anymore. The risk is always there but it wouldn't be as dire as back then - lessons were learned. Interesting how it looks like that period of time though.
Not sure that I believe that. If a stock market crash happens and causes a cascade collapse of the derivative markets nothing will prevent a world wide depression. As it stands the derivatives are now larger than the GDP for the entire planet, about $1.2 quadrillion. A quadrillion is a big number: 1,000 times a trillion..
Bassago
reply to post by Aazadan
Honestly I don't put a lot of faith in the chart either but it was interesting. It's going to be the derivatives that take everyone out, that I'm almost 100% sure of. I think that's what caused the government panic that led to the banker bailouts as well and now things are much worse.
Bassago
reply to post by Aazadan
Honestly I don't put a lot of faith in the chart either but it was interesting. It's going to be the derivatives that take everyone out, that I'm almost 100% sure of. I think that's what caused the government panic that led to the banker bailouts as well and now things are much worse.
ketsuko
Bassago
reply to post by Aazadan
Honestly I don't put a lot of faith in the chart either but it was interesting. It's going to be the derivatives that take everyone out, that I'm almost 100% sure of. I think that's what caused the government panic that led to the banker bailouts as well and now things are much worse.
And they called us heartless and evil when we said we should let it all go down and take our bad medicine then. They didn't listen when we said not letting it happen will only make it magnitudes of worse later on.
Now we're so screwed it's not even funny and getting even less so every passing day.
Bassago
reply to post by Snarl
If our economy collapses we're taking most of the world along for the ride.
I believe you're right. If we kick off the collapse of the derivative markets the entire planet is going to be hosed. Just a matter of time now. Look at the market wobble when the Fed merely hinted at tapering.
If the USA fails in this manner the rest of the world will be just fine. The US is only a small piece of the planet in reality.
Bassago
reply to post by WormwoodSquirm
If the USA fails in this manner the rest of the world will be just fine. The US is only a small piece of the planet in reality.
Perhaps in the past that was true but now, I have grave doubts. Global mega-corporations and the interconnected central banks would wreck havoc on the EU and the US. Peripheral countries in Asia and Africa would also suffer. China,Japan, Malaysia and South Korea would lose a lot of their export markets. That's just a few. Canada may indeed fair better than many.
WormwoodSquirm
Bassago
reply to post by Snarl
If our economy collapses we're taking most of the world along for the ride.
I believe you're right. If we kick off the collapse of the derivative markets the entire planet is going to be hosed. Just a matter of time now. Look at the market wobble when the Fed merely hinted at tapering.
With all respect I dont think so. If the USA fails in this manner the rest of the world will be just fine. The US is only a small piece of the planet in reality. For instance if an alien professor wants to study an earthling it wont be an American being picked to represent this planet.
Canada would absorb a bunch of the USA if the country totally failed. Then a portion of Americans will see what it is to truly be free and see a doctor without a bill. Put your money in CDN resources. The whole USA may be dissolved on purpose. Can you imagine China and Canada saying, "where is my money the USA owes me?" "Oh sorry that country doesnt exist anymore, suck it up" Boom baby 3 pointer
And where did all that money go? hahahahaha fat bellied bankers eating pork legsedit on 5-12-2013 by WormwoodSquirm because: (no reason given)