The failing game and the looting of the people.

[Park Life 71]

It's not just about using tax to bail out Big finance, it's also about 0% rates destroying savings and increasing commodity prices (as money is worth less the value of major commodities always rises/get costlier - oil, gold, other prescious metals, footstuffs).

 

When America and others have to buy oil and other commodities and has to pay higher leverages due to falling value of currencies due to over liquidisation of the markets (panic measures) and 0% or near 0% interest rates, the markets and high powered borrowers/investors/financiers win and the man in the street loses. Destroying the value of money continually keeps a broken system afloat, but the ordinary man in the street ends up paying from both sides (higher taxes + losing value of savings).

 

International companies making stuff cheap in China and so on and selling it back to the west has decimated the means of production in the west and there lies the core of the problem. Ever wonder why our Govt's don't rebuild our means of production??

 

American debt is growing by 1.7 trillion dollars a year...So over the medium term China's markets which is mainly us will less able to consume due to internal currency and value crisis, which will rebound on China at which point China will start selling U.S. bonds as a short term counterstrike. After that scenario....It's probably over for the Capitalist engine AMERICA and if they stop spending it's also over for us.

 

Buy gold and sit tight.

[Lazarus 0]

It's not just about using tax to bail out Big finance, it's also about 0% rates destroying savings and increasing commodity prices (as money is worth less the value of major commodities always rises/get costlier - oil, gold, other prescious metals, footstuffs).

 

When America and others have to buy oil and other commodities and has to pay higher leverages due to falling value of currencies due to over liquidisation of the markets (panic measures) and 0% or near 0% interest rates, the markets and high powered borrowers/investors/financiers win and the man in the street loses. Destroying the value of money continually keeps a broken system afloat, but the ordinary man in the street ends up paying from both sides (higher taxes + losing value of savings).

 

International companies making stuff cheap in China and so on and selling it back to the west has decimated the means of production in the west and there lies the core of the problem. Ever wonder why our Govt's don't rebuild our means of production??

 

American debt is growing by 1.7 trillion dollars a year...So over the medium term China's markets which is mainly us will less able to consume due to internal currency and value crisis, which will rebound on China at which point China will start selling U.S. bonds as a short term counterstrike. After that scenario....It's probably over for the Capitalist engine AMERICA and if they stop spending it's also over for us.

 

Buy gold and sit tight.

 

sounds great until private ownwership of gold is banned and you have to hand it over.

 

Been done before.

[Park Life 71]

It's not just about using tax to bail out Big finance, it's also about 0% rates destroying savings and increasing commodity prices (as money is worth less the value of major commodities always rises/get costlier - oil, gold, other prescious metals, footstuffs).

 

When America and others have to buy oil and other commodities and has to pay higher leverages due to falling value of currencies due to over liquidisation of the markets (panic measures) and 0% or near 0% interest rates, the markets and high powered borrowers/investors/financiers win and the man in the street loses. Destroying the value of money continually keeps a broken system afloat, but the ordinary man in the street ends up paying from both sides (higher taxes + losing value of savings).

 

International companies making stuff cheap in China and so on and selling it back to the west has decimated the means of production in the west and there lies the core of the problem. Ever wonder why our Govt's don't rebuild our means of production??

 

American debt is growing by 1.7 trillion dollars a year...So over the medium term China's markets which is mainly us will less able to consume due to internal currency and value crisis, which will rebound on China at which point China will start selling U.S. bonds as a short term counterstrike. After that scenario....It's probably over for the Capitalist engine AMERICA and if they stop spending it's also over for us.

 

Buy gold and sit tight.

 

sounds great until private ownwership of gold is banned and you have to hand it over.

 

Been done before.

 

You're right actually, it was in the States iirc.

 

Ok, buy gold, get some guns and get into farming (see CT).

 

They don't like people buying precious metals cause it takes money out of the game (land you know how they like to make money from YOUR money and lose it all of course - AS LONG AS IT IS YOUR MONEY).

[Geordieracer 0]

It's not just about using tax to bail out Big finance, it's also about 0% rates destroying savings and increasing commodity prices (as money is worth less the value of major commodities always rises/get costlier - oil, gold, other prescious metals, footstuffs).

 

When America and others have to buy oil and other commodities and has to pay higher leverages due to falling value of currencies due to over liquidisation of the markets (panic measures) and 0% or near 0% interest rates, the markets and high powered borrowers/investors/financiers win and the man in the street loses. Destroying the value of money continually keeps a broken system afloat, but the ordinary man in the street ends up paying from both sides (higher taxes + losing value of savings).

 

International companies making stuff cheap in China and so on and selling it back to the west has decimated the means of production in the west and there lies the core of the problem. Ever wonder why our Govt's don't rebuild our means of production??

 

American debt is growing by 1.7 trillion dollars a year...So over the medium term China's markets which is mainly us will less able to consume due to internal currency and value crisis, which will rebound on China at which point China will start selling U.S. bonds as a short term counterstrike. After that scenario....It's probably over for the Capitalist engine AMERICA and if they stop spending it's also over for us.

 

Buy gold and sit tight.

 

Hmmm - conspiracy theories abound.

 

Long term - look at UK banking stocks.

 

Short term - good deals on the AIM also Jupiter looking to float shortly, worth a punt when the IPO runs.

 

Not a commods man but do you not have to have a license to trade gold now?

[Park Life 71]

It's not just about using tax to bail out Big finance, it's also about 0% rates destroying savings and increasing commodity prices (as money is worth less the value of major commodities always rises/get costlier - oil, gold, other prescious metals, footstuffs).

 

When America and others have to buy oil and other commodities and has to pay higher leverages due to falling value of currencies due to over liquidisation of the markets (panic measures) and 0% or near 0% interest rates, the markets and high powered borrowers/investors/financiers win and the man in the street loses. Destroying the value of money continually keeps a broken system afloat, but the ordinary man in the street ends up paying from both sides (higher taxes + losing value of savings).

 

International companies making stuff cheap in China and so on and selling it back to the west has decimated the means of production in the west and there lies the core of the problem. Ever wonder why our Govt's don't rebuild our means of production??

 

American debt is growing by 1.7 trillion dollars a year...So over the medium term China's markets which is mainly us will less able to consume due to internal currency and value crisis, which will rebound on China at which point China will start selling U.S. bonds as a short term counterstrike. After that scenario....It's probably over for the Capitalist engine AMERICA and if they stop spending it's also over for us.

 

Buy gold and sit tight.

 

Hmmm - conspiracy theories abound.

 

Long term - look at UK banking stocks.

 

Short term - good deals on the AIM also Jupiter looking to float shortly, worth a punt when the IPO runs.

 

Not a commods man but do you not have to have a license to trade gold now?

 

Well it is only a conspiracy till the conspiracy becomes a reality vis a vie Govt debt and failing Govt fianances in Euro and of course the U.S.

 

Greece, Ireland, Portugal and Spain are pretty much gone.

 

All they can do now is over monetarise (print more money)....

 

International reserves of say 8 trillion are mainly held in emerging economies like China and India, the West has basically been running debt cycles now for err at least two decades and more if you're American.

 

I wouldn't invest one penny in stocks of any kind. All banks are vulernable and in turn all stocks (paper gurantees of any kind actually inc bonds).

 

It can only be that we are close to one or two maj economies defaulting and then all hell will break loose.

 

Big Govt and big Govt employee pools to counter receeding private sectors has been a catastrophe.

 

In the UK we need to get back to creating wealth the old fashioned way (inventions, business, production) and forget about exotic ideas of fiancial sectors etc, cause the biggest failing of the fianancial sector has been its inabiltiy to spread wealth meaningfully. Marx was right.

Edited May 18, 2010 by Park Life

[Geordieracer 0]

It's not just about using tax to bail out Big finance, it's also about 0% rates destroying savings and increasing commodity prices (as money is worth less the value of major commodities always rises/get costlier - oil, gold, other prescious metals, footstuffs).

 

When America and others have to buy oil and other commodities and has to pay higher leverages due to falling value of currencies due to over liquidisation of the markets (panic measures) and 0% or near 0% interest rates, the markets and high powered borrowers/investors/financiers win and the man in the street loses. Destroying the value of money continually keeps a broken system afloat, but the ordinary man in the street ends up paying from both sides (higher taxes + losing value of savings).

 

International companies making stuff cheap in China and so on and selling it back to the west has decimated the means of production in the west and there lies the core of the problem. Ever wonder why our Govt's don't rebuild our means of production??

 

American debt is growing by 1.7 trillion dollars a year...So over the medium term China's markets which is mainly us will less able to consume due to internal currency and value crisis, which will rebound on China at which point China will start selling U.S. bonds as a short term counterstrike. After that scenario....It's probably over for the Capitalist engine AMERICA and if they stop spending it's also over for us.

 

Buy gold and sit tight.

 

Hmmm - conspiracy theories abound.

 

Long term - look at UK banking stocks.

 

Short term - good deals on the AIM also Jupiter looking to float shortly, worth a punt when the IPO runs.

 

Not a commods man but do you not have to have a license to trade gold now?

 

Well it is only a conspiracy till the conspiracy becomes a reality vis a vie Govt debt and failing Govt fianances in Euro and of course the U.S.

 

Greece, Ireland, Portugal and Spain are pretty much gone.

 

All they can do now is over monetarise (print more money)....

 

International reserves of say 8 trillion are mainly held in emerging economies like China and India, the West has basically been running debt cycles now for err at least two decades and more if you're American.

 

I wouldn't invest one penny in stocks of any kind. All banks are vulernable and in turn all stocks (paper gurantees of any kind actually inc bonds).

 

It can only be that we are close to one or two maj economies defaulting and then all hell will break loose.

 

Big Govt and big Govt employee pools to counter receeding private sectors has been a catastrophe.

 

Banks are vunerable (as is any stock to market fluctuations, events, volcanoes etc etc) - however they are a decent bet for a long term return as any at the moment. Balance sheets cleaned up, ILAS just around the corner, game on.

[Geordieracer 0]

In the UK we need to get back to creating wealth the old fashioned way (inventions, business, production) and forget about exotic ideas of fiancial sectors etc, cause the biggest failing of the fianancial sector has been its inabiltiy to spread wealth meaningfully. Marx was right.

 

 

Naaa - means I'd be out of a job........

[Park Life 71]

No correction on earth or legistaltion is going to alter the fact that most banks balance sheets are pretend nonsense. In so far as Govt had to bail them out there will be no option next crash...Which will be this year. Some of the smaller lending banks with creible postions will be ok...

[Rob W 0]

Parky - the phrase"means of production" stamps you out as an old school Marxist

Edited May 18, 2010 by Rob W

[Christmas Tree 4005]

Find a good woman

 

Have a handful of kids

 

Find a stress free part time job

 

Enjoy the simple things in life

 

Do a bit of gardening

 

Drink, Fuck and be merry.

 

 

Let the other fuckers worry about the world.

 

(There is no end to the rainbow)

[Rob W 0]

I think we're seeing the evils of liquor here

[Renton 18081]

In the UK we need to get back to creating wealth the old fashioned way (inventions, business, production) and forget about exotic ideas of fiancial sectors etc, cause the biggest failing of the fianancial sector has been its inabiltiy to spread wealth meaningfully. Marx was right.

 

Liking this. I think you might be right comrade.

[Rob W 0]

In the UK we need to get back to creating wealth the old fashioned way (inventions, business, production) and forget about exotic ideas of fiancial sectors etc, cause the biggest failing of the fianancial sector has been its inabiltiy to spread wealth meaningfully. Marx was right.

 

Liking this. I think you might be right comrade.

 

 

when did we last make money from "inventions"?

 

You are all harking back to the late 19th C FFS

 

the world moves on and the good folk of China and Indonesia are in the sweat shops turning out "goods"

 

A few clever people in Briatin help relieve them of their spare cash by offering "China's Got Talent", Insurance policies and Double dip self floating indexated currency swaps

 

The rest of us exist to make sure the rich have servants, people to cut their grass and serve in Waitrose and M &S for them and, of course, to on the Red Coat and die to keep the envious poor at arms length

[Park Life 71]

Parky - the phrase"means of production" stamps you out as an old school Marxist

 

What of it?

[Park Life 71]

In the UK we need to get back to creating wealth the old fashioned way (inventions, business, production) and forget about exotic ideas of fiancial sectors etc, cause the biggest failing of the fianancial sector has been its inabiltiy to spread wealth meaningfully. Marx was right.

 

Liking this. I think you might be right comrade.

 

 

when did we last make money from "inventions"?

 

You are all harking back to the late 19th C FFS

 

the world moves on and the good folk of China and Indonesia are in the sweat shops turning out "goods"

 

A few clever people in Briatin help relieve them of their spare cash by offering "China's Got Talent", Insurance policies and Double dip self floating indexated currency swaps

 

The rest of us exist to make sure the rich have servants, people to cut their grass and serve in Waitrose and M &S for them and, of course, to on the Red Coat and die to keep the envious poor at arms length

 

China is exporting real goods we in return are offering pretty bits of paper and promises....It can't go on.

 

Amrica for instance is the biggest consumer and customer of Chinese products as long as they keep borrowing to pay for everything...The borrowing is about to run out...

 

A 1/3 of the worlds common debt is American. 17 trillion and rising at around 1.5 - 1.7 trillion a year. 35% of taxes in the U.S. is being used to manage debt repayments.

Edited May 18, 2010 by Park Life

[Meenzer 14143]

So there'll be no buyers for the entire Chinese economy as soon as "The West incl. Japan and Anzac" goes tits-up, either directly or indirectly (since China's markets in Africa and beyond wouldn't survive a moment without our involvement). That would be interesting. And I'd wager we'd come out of it better than "they" would, if only we could make the case for accepting 50 years of destitution and rat-eating for a subsequent 500 years of superiority like in the Good Old Days.

[Park Life 71]

So there'll be no buyers for the entire Chinese economy as soon as "The West incl. Japan and Anzac" goes tits-up, either directly or indirectly (since China's markets in Africa and beyond wouldn't survive a moment without our involvement). That would be interesting. And I'd wager we'd come out of it better than "they" would, if only we could make the case for accepting 50 years of destitution and rat-eating for a subsequent 500 years of superiority like in the Good Old Days.

 

I'd rather a change in the way the world works. Call me an eternal optimist.

[Meenzer 14143]

So there'll be no buyers for the entire Chinese economy as soon as "The West incl. Japan and Anzac" goes tits-up, either directly or indirectly (since China's markets in Africa and beyond wouldn't survive a moment without our involvement). That would be interesting. And I'd wager we'd come out of it better than "they" would, if only we could make the case for accepting 50 years of destitution and rat-eating for a subsequent 500 years of superiority like in the Good Old Days.

 

I'd rather a change in the way the world works. Call me an eternal optimist.

 

 

Forgive me if I don't. There's the tiniest bit of circumstantial evidence.

[peasepud 59]

Buy gold and sit tight.

 

Im on the case...

[ChezGiven 0]

The lesson of world war 2 was buy art and steal property. Gold is for mugs.

[Park Life 71]

The lesson of world war 2 was buy art and steal property. Gold is for mugs.

 

Funny that, I was talking yesterday to a mate about the rise and rise of the art market.

[ChezGiven 0]

The lesson of world war 2 was buy art and steal property. Gold is for mugs.

 

Funny that, I was talking yesterday to a mate about the rise and rise of the art market.

Depends on what sort of collapse will occur. If a global financial collapse brings about total societal collapse then art could be useless. For a while anyway.