Total Economic Collapse in Q1 2014

Savvy

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Life is fun. Every year ( after '08 crisis ) I read same shit about economic collapse. It's crazy, but there's no reason to get paranoid tho.

Everyone should be prepared for economic collapse, I agree, but you shouldn't go over your head. Don't put all your eggs to one basket and you'll be fine ( financially speaking. ) Smart people ( heck, dumbass with right team ) will bank hard from economic collapse, more chances you'll get killed or die from depression shit than lose every penny you have.
 

loclhero

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Thank you.
Where the fuck is that +rep button when you need it. This douchebag has babbled on and on forever. He's one of many.
If I'm not mistaken he also "predicted" the collapse of the EU back in 2011

Edit: In all fairness I have to agree that the US fnancial system is a complete mess but he's going to be proven wrong on a "collapse"
 
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tixpf

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Life is fun. Every year ( after '08 crisis ) I read same shit about economic collapse. It's crazy, but there's no reason to get paranoid tho.

Everyone should be prepared for economic collapse, I agree, but you shouldn't go over your head. Don't put all your eggs to one basket and you'll be fine ( financially speaking. ) Smart people ( heck, dumbass with right team ) will bank hard from economic collapse, more chances you'll get killed or die from depression shit than lose every penny you have.

You know, so many people have been saying that, but still I don't get how. Are we talking invest in falling stocks, or what exactly are you referring to? Because I simply don't see how you'd be banking hard if money ain't worth shit, because of hyperinflation.
 

subster

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You can see a general fear in most of, just by getting this thread that quickly that much responses.
 

Savvy

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You know, so many people have been saying that, but still I don't get how. Are we talking invest in falling stocks, or what exactly are you referring to? Because I simply don't see how you'd be banking hard if money ain't worth shit, because of hyperinflation.

Investors who have 'economic collapse' in their minds before making an investment can stay put and they'll lose and make some good money, why? Because they're using some kind module before making an investment, such as quantile regression. You can be pro in diversification, but it's not going to save you from economic collapse, you have to think outside the box if you want to make money from economic crash. If there's happen to be total, complete economic collapse then investing in falling stocks will result to big loss probably. ( not sure about economic, total collapse thing ) Timing also is very important, but timing the market is real hard. '08 crisis were loved by investors. They were shorting dollar, buying s&p500 shares and making huge huge money.

I'm not an expert in all that stuff, but I've spoken with few very well-known traders few months ago and everyone said they're dreaming for next collapse crash. I can tell from their speeches that they're confident they'll find a way how to make money from economic collapse.
 

Zevoltai

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Fiat money is worth only as much as the printer's ability to produce goods and services. So long as the world continues to maintain a high productive output of essentials and luxuries, I don't see total economic collapse happening
 

Pvlman

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A "total economic collapse" (if it happens) will only reveal how can people cooperate, trust and work together.

What do you think will happen during a "total economic collapse"? All of the luxuries of 21st century that make our lives so easy will disappear? Certainly not - we will still have our cars, our houses (more or less, if they are without a mortgage), our machines to produce all the necessities for a comfort life. The only thing that will be in shortage will be money, because in the last few decades money has turned in to the most toxic asset you can posses.

So the most difficult thing during a "total economic collapse" is to find something to substitute the current medium of exchange, so people can still create and receive products and services. And that's all the economy is about - exchanging goods and services. And if we do that without some schmucks that play gods with our medium of exchange, we can live happy forever (don't take this literally...).

So to sum it up:

1) Don't trust anybody with your money. Your cash is a more convenient and more exchangable form of your work and sweat so cherish it
2) Invest into yourselves, into real estate, into means of productions
3) Don't be stupid and don't spend more than you earn
 

Pvlman

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As far as I know, this was the reason they 'let' Greece down.

What do you know?


Well, I don't think you need to "let" a country that has already bankrupted many times in the last 200 years..

The "free capital" obtained through reporting fake economic outputs and loss of monetary base control was sufficient to start this downward spiral
 
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kalasnikof1

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telegraph co uk/finance/financialcrisis/
economist com/content/global_debt_clock

Yes of course they are plenty of fish and took the bait of goof living like us countries european countries etc.
And about paranoia
Paranoia is the act of war against countries because they care about.
Guys if bank say no more borrow earth will die. because people will wake and rip banks.
my2c
Dont blame those who took the bait.
In this forum we try to bait peoples offering nothing (about black hat forum)
 

jazzc

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As far as I know, this was the reason they 'let' Greece down.

What do you know?

Greece is a full NATO member and has supported everything the US wants, either directly or indirectly. The US has a naval base in Southern Greece since the 1950s. So your argument that "they didn't play ball and got punished" is rather not based on factual things ;) On the other hand, the numbers are clear. They majorly over borrowed and no one wanted to lend them money any more. Would you keep lending money to someone who 's not going to pay you back ever? :eek:
 

deviatus

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Doomsaying is a whole industry in itself. I thought you guys were marketers, you can't see this?

The salesmanship that goes into saying collapse is inevitable year after year isn't convincing.
 

mickyfu

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The same morons who preached about 2012 have now moved on to something else. And why? Because they have fuck all to fill their empty lives with, they will die preaching to others as though they are some kind of the all knowing.
 

jazzc

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markets are emotional and irrational, so it might go on for a few years. but eventually, shit will hit the fan.

On the contrary, markets at that level behave as rational as it gets. It is good business to lend money to the US right now. Everyone knows it will crash at some future point, but when that point will be is not known. Besides, they will probably go the inflation route instead of defaulting.
 

deviatus

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you are right. Doom & Gloom is profitable. This guy is a populist without a doubt.
However, he has a point. And he is not alone.
Various well known and reputable economists have the same stance on the whole situation. they just articulate it more moderately which is why nobody is paying attention to them.

You really dont have to be a rocketscientist to see that the current actions will inevitably tear down the global eco system.
Just wait for QE to stop. Interest rates on gov bonds will skyrocket as soon as the market realizes whats going on here.

markets are emotional and irrational, so it might go on for a few years. but eventually, shit will hit the fan.

I think it's much more likely we'll have a mild stock market boom and bust cycle, but even more likely we'll continue to experience steady but slow growth in the economy for years. We just had a global recession and it's a little too early to say we are back in the Roaring 1920's again.
 

deviatus

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Can you please elaborate? Why is it more likely?
healthy growth has to be based on creating real value(which isnt fueled by free money). If you assumption is correct we would have to print money forever which would either lead to more inflation or -even worse- to deflation.

Most outlook projections I see for 2014 and the 10 year projections indicate steady slow growth. Bloomberg, CBO, Kiplinger, etc..

It was more back in 2009-10 that we were really fearing another big recession/depression.
 

SOCOM

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They raved that 2013 would be a disaster and then the market reached new highs. Yes, we know that the whole issue with interest rates and debt is extremely problematic but these predictions are baseless and repeat themselves every year and when it happens they'll say "I TOLD YOU SO".
 

jazzc

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if you are correct bubbles should not occur at all...

When you have a bubble, there are two ways in can burst
a) The normal "good" way - big boom correction
b) Slow decades long correction through inflation

Lets assume QE stops all of a sudden.

That was my estimation, that it 's not going to stop but they 're going to inflate instead.

this is exactly what happend to greece.

Yes, but Greece is in the Euro and can not inflate on its own ;)
 
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