Great Depression of 2016

[rufus]

I am not sure how it all will end up, but I am pretty sure it won't be good for me and you. Russia and some other nations are leaking dollars into the world market, bit by bit so that they will not lose out too much. Still the ruble has lost value. How far would it have gone if they were not supporting it by the sale of dollars?

Iran has also been leaking dollars into the world market. Just who is doing business with them? They are setting up currency swaps with several countries. http://www.businessinsider.com/iran-is-ditching-the-dollar-in-foreign-trade-2015-1 Let's see what happens.

Netanyahu will address congress the first part of March. Congress is one third of our government; the administration will learn that the tail does not wag the dog.

Hang on to your oil stocks. Wait and see what happens when Iran sets of its bomb.

 

[rufus]

I see the European bankers are getting ready to print one trillion more euros. This is supposed to resuscitate their moribund economy. That is like giving CPR to a rotting corpse. It will create more inflation. It is just more of the bad medicine that killed their economy in the first place. It will, however, pump up the stock market artificially.

Now, let's see what happens with Greece.

 

[hemet dennis]

To those that complain about how bad they have it today should read this.

http://www.bloombergview.com/articl...bags-and-economic-progress#comment-1827788525

 

[Dueling Rooster]

I have to put my two cents in.... The one thing we have that will make a difference during an economic meltdown is the Barter System. Those of us who can produce food will get along just fine using this system to swap for the things we need. However, I suggest to stock up on ammo now because it could reach a point you may have to defend yourselves from home invaders. I watched the video of the CIA Financial Analyist and he predicted a economic crash much worse then the Great Depression and how China itself is on the verge of financial ruin. Gird your loins and get prepared.

 

[hemet dennis]

I am not sure how it all will end up, but I am pretty sure it won't be good for me and you. Russia and some other nations are leaking dollars into the world market, bit by bit so that they will not lose out too much. Still the ruble has lost value. How far would it have gone if they were not supporting it by the sale of dollars?

Iran has also been leaking dollars into the world market. Just who is doing business with them? They are setting up currency swaps with several countries. http://www.businessinsider.com/iran-is-ditching-the-dollar-in-foreign-trade-2015-1 Let's see what happens.

Netanyahu will address congress the first part of March. Congress is one third of our government; the administration will learn that the tail does not wag the dog.

Hang on to your oil stocks. Wait and see what happens when Iran sets of its bomb.

I would hope you didn't invest in any BRIC currencies, especially the Russian Ruble. Anyone that has been listening to you and did may be mad at you.

 

[MrsBrooke]

I would hope you didn't invest in any BRIC currencies, especially the Russian Ruble. Anyone that has been listening to you and did may be mad at you.

You're right. The stock market is way "safer."

I see gas prices are coming back up. A dead cat has to bounce a few times before it comes to rest.

Edit to add: I'm curious @hemet dennis , what do you think is the best way to hedge against a recession/depression/world-wide economic upset?

MrsB

 

[rufus]

Well Dennis, I never recommended BRIC currencies. They are also susceptible to currency failures. What I do recommend is small silver coinage. That would be US coinage issued before silver was omitted. Also, the lowly copper cent. If money loses its value, they will serve since they still have metallic value.

I also recommend keeping a year's supply of food stuffs and other supplies. But keep them in secret. Don't tell anyone. Your best friend could turn into a hungry looter.

The stock market is over sold because the bankers invested the funds from government sources, rather than put it into consumer credit. They didn't prime the pump of the economy, but instead hid the money.

Now European bankers are about to make the same mistake. So, the stock bubble will persist.

I see some OPEC people are saying that the price of oil may go as high as $200 a barrel. If it does, that would be because of inflation, not because of a scarcity of the product. That genie got out of the bottle when US oil producers developed the shale deposits.

 

[MrsBrooke]

I see some OPEC people are saying that the price of oil may go as high as $200 a barrel. If it does, that would be because of inflation, not because of a scarcity of the product. That genie got out of the bottle when US oil producers developed the shale deposits.

http://www.zerohedge.com/news/2015-02-03/oils-biggest-bounce-opec-economy-not-strong-stocks-too-high

The sky is falling, my friend.

Silver, ammo, food, ammo, water, and ammo. Those things will get you far. And you are absolutely right about your neighbor (who laughed at you when times were "good") suddenly turning on you when his stomach growls. Better add some ammo to the list.

MrsB

 

[hemet dennis]

Well Dennis, I never recommended BRIC currencies. They are also susceptible to currency failures. What I do recommend is small silver coinage. That would be US coinage issued before silver was omitted. Also, the lowly copper cent. If money loses its value, they will serve since they still have metallic value.

I also recommend keeping a year's supply of food stuffs and other supplies. But keep them in secret. Don't tell anyone. Your best friend could turn into a hungry looter.

The stock market is over sold because the bankers invested the funds from government sources, rather than put it into consumer credit. They didn't prime the pump of the economy, but instead hid the money.

Now European bankers are about to make the same mistake. So, the stock bubble will persist.

I see some OPEC people are saying that the price of oil may go as high as $200 a barrel. If it does, that would be because of inflation, not because of a scarcity of the product. That genie got out of the bottle when US oil producers developed the shale deposits.

But you were claiming that the BRIC currencies would be the reserve currency, and everyone would be dumping the dollar !

Any day of the week you can find people that will claim they know what the future price of oil will be. There will always be some that will get it right, just like a broken clock is right twice a day.

Just as you have some people claiming the stock market is oversold and some that will claim the market is undersold. It would seem that the buyers and sellers are happy with the price they're paying and receiving.

 

[MrsBrooke]

Quote: Voltaire
MrsB