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Originally posted by MysterX
reply to post by edmc^2
Let me see if i've understood this properly...
The banks say they are going to collapse unless the country bails them out to the tune of Trillions, because they are felt to be 'too big to be allowed to fail'...which in turn causes the collapse of small businesses, medium businesses, large businesses all over the country and to cap it off, it looks as though the entire country is going to collapse...my question is, how is it that the banks are considered 'too big to fail', but not the entire country?
Take the money back from the banks, either in full (collapsing the bank) or order all banks that had their hands out, to pay the money back at a rate of 50% of their total annual profits.
If it's a choice between the banks or the country collapsing, the banks have GOT to go.
Originally posted by Krazysh0t
reply to post by edmc^2
This is true, but somehow I doubt that even with all these unprecedented death devices with the economy crashing we will kill off the world's population. I believe that even if these devices are unleashed on the populations of the world, we will still have survivors and their world will be that much worse to live in. The remaining elite will just round these survivors up into their fiefs and force them to work for their luxuries (feudalism or in other words the Dark Ages)
Originally posted by CosmicCitizen
reply to post by Observationalist
The problem with property is that a) most of it is leveraged meaning borrowed money and if the cost of money (interest rates) increases then the value of property will have a tendency to go lower. At some point the lower dollar will result in higher valuations (inflation) but that is because of the currency not demand. Also, the government (mostly local govt in this case) has the power to tax. "The power to tax is the power to destroy" and the government can increase property taxes (not to mention excise wealth taxes for a second home, taxes/penalties for not being green or energy efficient enough or even sales taxes) on your property. Property tax increases will certainly be one of the first things that local municipalities turn to when their cash flow dwindles.
Originally posted by Wrabbit2000
Hunker down, by the sound of it.edit on 11-6-2013 by Wrabbit2000 because: (no reason given)
As for reasoning your way out... The generations of the future will highly likely be dependent on people who reasoned their way out in more than just a very small number - additionally, it is critical that there would be *NO* fatal flaws in the reasoning employed by that group - in a world headed to chaos and confusion - that is going to be extremely difficult - especially difficult where chance plays a huge role.
Originally posted by Power_Semi
I was talking to a client of mine today, they're a gold company.
He said the sudden drop in gold price was down to some economic report in the US telling people to get into retail because it was booming (don't quite see how anything can be booming when everyone is broke).
Anyway, in the space of 4 hours gold had plummeted.
So my theory is that this is one of the last "land grabs".
Get people to sell their gold and buy what will become worthless stocks.
This further pushes down the price of gold.
The elite sell them the duff shares, and then use that money to buy the gold at knock down prices.
When the next economic report comes out saying retail is bad, then those shares drop like a lead balloon, and gold goes back up.
The rich have then extracted the last store of value out of everyone else.
Then it'll all collapse - when they have all of the gold, because what else is a store of value?
Paper money isn't, bank accounts aren't, stocks and shares aren't.
And this is the last roll of the dice to mop up as much as they can before it all collapses.
Originally posted by EA006
reply to post by Wrabbit2000
If the Dollar did collapse how long would it take to implement a new currency?
Bitcoin does have the ability to be broken down almost infinitely into fractions to allow for wide fluctuations in it’s value. Because it is digital, it is extremly simple to transfer it anywhere with online access. The entire contents of a Bitcoin wallet may also be stored within a mere QR code which would function as a debit card of sorts. bitcoingoddess.wordpress.com...
Bitcoin is revolutionary because it solves the double-spending problem without employing an intermediary; there is only the payer and the payee. The system accomplishes this by distributing the ledger of transactions across a peer-to-peer network of users, much like BitTorrent. This allows a record to be kept of all transfers so that the same cash can’t be spent twice, but because it’s distributed, there’s no one central authority keeping the ledger. This makes bitcoins true digital cash. Like dollar bills or euro coins, if you hand them over to a payee, you will no longer have them. And because there is no third party running the ledger, there is no one for the government to pressure or regulate. reason.com...
the bankers and the inevitable rising interest rates that will bring this house crashing down