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Originally posted by detachedindividual
I guess the govt hasn't been paying any attention to the sensible people around the world for the past three years all predicting that all of this would happen.
It amazes me, it really does. These people have high salaries, they have think-tanks paid to come up with forecasts and solutions, they have special advisers and access to information the rest of us can only imagine.
So when I was sitting at home and watching them diminishing our military capability I would have to be under the assumption that they knew what they were doing. Obviously I must be incorrect in believing that the economic collapse is inevitable because the debt level is impossibly high, and that this economic collapse would inevitably lead to war and threats to our national security.
And then something like this comes out and I'm flabbergasted.
It turns out the millions of people who actually pay attention to history, and the millions of people trusting these retards to run our countries knew what was *likely* to happen, while those paid to represent us ignored the facts and made decisions based on false belief, hope, wishful thinking...
I'll need to dig up the threads, but plenty of us knew in 2008 that the $ was dead, the € would collapse, and that there would be massive civil unrest on a scale we've never seen, likely to result in the overthrow of governments around the world and massive popular uprisings resulting in several new forms of government.
How come we all predicted this way back then, and these people in positions of power and with access to all the information somehow *didn't see it coming*?
I really shouldn't be too surprised, every time they release a statistic and suggest it was more disappointing than expected I tend to scream in response "REALLY? THAT'S EXACTLY WHAT WE ALL EXPECTED, DUMBASS!"
Originally posted by PurpleDog UK
Being British (Yes not fecking English or Scottish or Welsh etc etc) I always thought that we were in a better position than being part of a Europe, which to all reasonable people now looks like a sinking ship.......
How those in power thought they could run a ''Union'' even though there were different rules and expectations by each individual state is beyond stupid IMHO.....
I therefore thought Sterling (the £) was a good bet to sit in as well as other stuff................ Unfortunately I am NOT SO SURE NOW..........
The reason for my doubt was information in a recent article from Robert Peston, the BBC Business / Economics Director.....
Here's the article.. a link
www.bbc.co.uk...
Bottomline is this.........
The bad news is that 2012 is the year of greatest risk that a bloated bank or over-extended government will be unable to repay its debts - because it is a year when a frightening volume of the loans that were taken out in the boom years fall due for repayment.
It is not so much Governemt Debt but that money lent to Private business in the boom years which is now been looked at to re-finance BUT from WHERE??
We are all going to hell in a a hand cart and there is NOTHING we can do about it.......Apart from have another World War which will act as a distraction and eventually an opportunity for growth.......
We will see in 5 years time.....
or less
PDUK
Originally posted by LilDudeissocool
reply to post by OneManArmy
It's time for the West to get smart and nationalize the energy sector and central banking. The days of the super rich I believe is coming to an end. The majority of capital must move laterally within more localized cycles of exchange instead of vertically within more of a global exchange that surpasses economy of scale on the efficiency curve. When the majority of capital moves vertically instead of laterally under a less efficient macro economic model revolution becomes inevitable. We need to be proactive in cutting off the inevitable at the pass so to speak.
Originally posted by MidnightTide
reply to post by OneManArmy
perhaps I did not get my point across, but I agree with you, it is coming here.
Originally posted by detachedindividual
I'll need to dig up the threads, but plenty of us knew in 2008 that the $ was dead, the € would collapse, and that there would be massive civil unrest on a scale we've never seen, likely to result in the overthrow of governments around the world and massive popular uprisings resulting in several new forms of government.
How come we all predicted this way back then, and these people in positions of power and with access to all the information somehow *didn't see it coming*?
I really shouldn't be too surprised, every time they release a statistic and suggest it was more disappointing than expected I tend to scream in response "REALLY? THAT'S EXACTLY WHAT WE ALL EXPECTED, DUMBASS!"
Moody's Investors Service warned on Monday the rapid escalation of the euro zone sovereign and banking crisis threatens the credit standing of all European government bond ratings.
Stock markets boosted by rumours of bailout deal for Italy, though IMF denies reports of aid package proposal
Originally posted by EspyderManWell I am glad not to be fecking British. Being part of the Eurozone but abstaining using the Euro probably didn't help the entire union much did it?