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Scott Sando

Overdose: The Next Financial Crisis

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Thanks for that! It was one of the most fascinating attachments posted to this site I have ever seen. If anyone wants to have the whole financial crisis explained in one 46 minute programme, then watch this one. It confirmed the worst fear, which is that Govts AROUND THE WORLD HAVE SIMPLY ABSORPED and taken over the debts of collapsed banks, but continued thereafter to believe the cure is the same policy which already failed and caused the mess in the first place. The bubbles appearing around the globe are truly frightening and even worse than those which popped in 2008. Well, happy 2011. All I do know is, that it will all end one day!

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havent watched, but, if debt hasnt been defaulted and wasnt payable in 2007, it cant be payable now.

logic.

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Thanks for that! It was one of the most fascinating attachments posted to this site I have ever seen. If anyone wants to have the whole financial crisis explained in one 46 minute programme, then watch this one. It confirmed the worst fear, which is that Govts AROUND THE WORLD HAVE SIMPLY ABSORPED and taken over the debts of collapsed banks, but continued thereafter to believe the cure is the same policy which already failed and caused the mess in the first place. The bubbles appearing around the globe are truly frightening and even worse than those which popped in 2008. Well, happy 2011. All I do know is, that it will all end one day!

Agreed. I watched an interview yesterday with an economist I very much respect and he believed we'll know when the worst is over once the stock markets start to rally and avoid their 2006-2009/10 lows. In previous recessions this may have been true, but now the most reliable economic indicator is the government bond market. This is where all the action is due to the disasterous bailout policies that have been implemented in the West.

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Thanks for that! It was one of the most fascinating attachments posted to this site I have ever seen. If anyone wants to have the whole financial crisis explained in one 46 minute programme, then watch this one. It confirmed the worst fear, which is that Govts AROUND THE WORLD HAVE SIMPLY ABSORPED and taken over the debts of collapsed banks, but continued thereafter to believe the cure is the same policy which already failed and caused the mess in the first place. The bubbles appearing around the globe are truly frightening and even worse than those which popped in 2008. Well, happy 2011. All I do know is, that it will all end one day!

It will end in tears, probably ours.

The thing that most gets my goat is that we weren't asked or consulted about these huge sums of money that will nuke the next two generations (and knowing politicians they will endeavour to continue to kick the can down the road). The debt will never be paid down.

The very people who never saw it coming (and allowed the fraud) now have their hands firmly in our pockets and are rummaging around babies' cots to support a relative few crooks who got to play casino with made up money.

Whilst the rot started well before 2008 crash, the moment Northern Rock was bailed out we crossed the Rubicon. The bankers it seemed ruled the roost, and our career politicians were simply devoid of any integrity, any understanding of economics or even mathematics.

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Brilliant Scott - thanks for posting. Just finished watching.

When it goes...it's gonna be a big one!

Anyone got a time scale on this? Are we looking at next year perhaps? Or are those retards in power, just going to give us more of the same, to delay the explosion?

I've been giving out constant warnings, to people at work about this, but it falls on deaf ears. :(

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Brilliant Scott - thanks for posting. Just finished watching.

When it goes...it's gonna be a big one!

Anyone got a time scale on this? Are we looking at next year perhaps? Or are those retards in power, just going to give us more of the same, to delay the explosion?

I've been giving out constant warnings, to people at work about this, but it falls on deaf ears. :(

I wouldn't bother if I was you, probably makes you look like a nutter. Sorry if that sounds a bit harsh but I've fallen into the same trap myself once or twice and now just go along with the consensus if the topic crops up.

There's nothing anyone can do anyway, when it was a banking crisis it was possible to insulate yourself from the damage by shifting savings around, now it's a government solvency issue protection has become a lot more difficult.

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I wouldn't bother if I was you, probably makes you look like a nutter. Sorry if that sounds a bit harsh but I've fallen into the same trap myself once or twice and now just go along with the consensus if the topic crops up.

There's nothing anyone can do anyway, when it was a banking crisis it was possible to insulate yourself from the damage by shifting savings around, now it's a government solvency issue protection has become a lot more difficult.

There are some shiny things which may interest you. I've now got 7% in them.

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I wouldn't bother if I was you, probably makes you look like a nutter. Sorry if that sounds a bit harsh but I've fallen into the same trap myself once or twice and now just go along with the consensus if the topic crops up.

There's nothing anyone can do anyway, when it was a banking crisis it was possible to insulate yourself from the damage by shifting savings around, now it's a government solvency issue protection has become a lot more difficult.

Good advice.

It just breaks my heart though, when I see youngsters getting mortgages.

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this is also quite a shrewd analysis:

Nah, Madoff was much subtler than that - returns of less than 10% pa, and he didn't need to seize the cookie jar: the investors willingly handed it over.

But the gunshot at the end is spot on!

Will return to the longer vid tomorrow.

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There are some shiny things which may interest you. I've now got 7% in them.

Cheers, I'm actually looking to offload mine; physical has liquidity issues that I didn't consider upon purchase.

Next time I'll use Goldmoney.

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very good, although it provides no answers does it?

I'm presuming that they are suggesting...let everything fail now to save the next generation of the eventual capitulation?

That is something I believe in.

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Cheers, I'm actually looking to offload mine; physical has liquidity issues that I didn't consider upon purchase.

Next time I'll use Goldmoney.

A mix of Goldmoney, miners and physical...worked/works for me.

The physical gives you a nice sense of insurance against a paper Silver/Gold fractional reserve blow-up.

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Agreed. I watched an interview yesterday with an economist I very much respect and he believed we'll know when the worst is over once the stock markets start to rally and avoid their 2006-2009/10 lows. In previous recessions this may have been true, but now the most reliable economic indicator is the government bond market. This is where all the action is due to the disasterous bailout policies that have been implemented in the West.

the least reliable indicator is the government bond market, because at any point they can step in with more bond purchases and lower yields until there are no bonds left.

the most reliable indicator is to look at global real wages.

everything else is smoke and mirrors.

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gerald celente - modern nostradamus! LOL LOL LOL

nice vid, a pinch of schiff, a teaspoon of celente and you've made a lovely little doomer austrian milkshake!

I stopped watching after that. Can someone fill me in on how it ends?

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the least reliable indicator is the government bond market, because at any point they can step in with more bond purchases and lower yields until there are no bonds left.

You think the markets and the media would ignore this type of wild stimulus? You can't buy up £1trillion's worth of debt in secret, it doesn't happen like that. The gold market would react and go into the stratosphere.

the most reliable indicator is to look at global real wages.

everything else is smoke and mirrors.

Wages, commodities and stock indices etc are all now heavily dependent on goverment largess in one way or another, they're symptoms of the state's recklessness rather than causes of economic contraction/expansion. Which is why the debt markets are the key indicator, and the one that is being used to test the effectiveness of EU policies in the Eurozone.

Edited by Chef

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gerald celente - modern nostradamus! LOL LOL LOL

nice vid, a pinch of schiff, a teaspoon of celente and you've made a lovely little doomer austrian milkshake!

I stopped watching after that. Can someone fill me in on how it ends?

money ends...as it always does...why do you obfuscate all the time?

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Cheers, I'm actually looking to offload mine; physical has liquidity issues that I didn't consider upon purchase.

Next time I'll use Goldmoney.

Liquidity issues? Physically held gold is pretty much the most liquid asset you can own and there is someone in every town who will buy if from you these days.

I'll buy it from you in cash today for 95% of spot price if you want to liquidate it. Can't get more liquid than that...

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Good advice.

It just breaks my heart though, when I see youngsters getting mortgages.

Indeed, the fools should have picked history over geography. Unfortunately too many young people don't have enough interest in the politics of their time, understand very little about the past and those that do show any interest only believe the mainstream propaganda. It's going to be a painful lesson for many.

The people I feel really sorry for are the parents whose repeated bleating about 'getting on the ladder' are going to ruin both generations and maybe even the next. It's going to be very hard to deal with taking the blame for the entire family being bankrupt.

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Liquidity issues? Physically held gold is pretty much the most liquid asset you can own and there is someone in every town who will buy if from you these days.

I'll buy it from you in cash today for 95% of spot price if you want to liquidate it. Can't get more liquid than that...

what he means is you cant buy stuff with it.

except money.

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what he means is you cant buy stuff with it.

except money.

Not true. Throughout history and right across the world there have been plenty of places that will sell you things in exchange for gold or silver. Particularly those shops with the 3 golden balls out front!

It's just that in the UK we have had such a stable currency for such a long time that people have forgotten this - just remember that we only removed silver from our coins in 1947. History tells us that buying things with worthless paper and base metals is only a fairly recent phenomena.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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