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I’ve noticed terms like ‘We are on the brink’ and ‘we are staring down the barrel of a gun’ being used a lot recently by various Political leaders and bankers.

Anyone have an idea what this actually means? Are we looking at a mass extinction event or a lot of bankers missing out on their Christmas bonus?

The natural resources we need are all still there, the knowledge is there, things should more or less bump along in their normal way…

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I’ve noticed terms like ‘We are on the brink’ and ‘we are staring down the barrel of a gun’ being used a lot recently by various Political leaders and bankers.

Anyone have an idea what this actually means? Are we looking at a mass extinction event or a lot of bankers missing out on their Christmas bonus?

The natural resources we need are all still there, the knowledge is there, things should more or less bump along in their normal way…

I think they mean we're at the brink of a financial collapse. That's no bad thing, IMO... afterwards, something more sane could be used.

Money != promises of money.

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How much fear cultivation can someone be expect to take?

You hear of a 'currency of fear' what would it look like? Maybe it can be a replacement for the Euro.

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I’ve noticed terms like ‘We are on the brink’ and ‘we are staring down the barrel of a gun’

The odd thing is that David Cameron actually says "we are staring down the barrel" I wonder, did he mean oil barrel....beer barrel....tea barrel...border barrel...I wish he would be more concise !

Jaspers :

You hear of a 'currency of fear' what would it look like? Maybe it can be a replacement for the Euro.

:lol::lol:

Edited by GinAndPlatonic

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..don't know but it could be preparing for what is to come, or it could be a fear of loss a kind of threat that if this or that is not done...this will happen...sometimes people only have their own interests at heart so their own self preservation comes first and foremost....the rest are then left to pick up the pieces. ;)

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We are being prepared for QE.

I felt sick this morning watching the beeb. They reported a fall in the stock markets around the world, and (completely out of kilter with the way a news story is usually reported) they followed this up by saying, "if you dont think this affects you, it will if you have a pension, a stocks and shares isa blah blah blah!"

If only there was something the politicians and bankers could do to save us from 'the brink'. Ooooh, its scary being on 'the brink'.

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How much fear cultivation can someone be expect to take?

You hear of a 'currency of fear' what would it look like? Maybe it can be a replacement for the Euro.

I have a great idea for a Euro replacement....each country coiuld have their own "currency" and they could have an "exchange rate" between "countries". :rolleyes:

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I’ve noticed terms like ‘We are on the brink’ and ‘we are staring down the barrel of a gun’ being used a lot recently by various Political leaders and bankers.

Anyone have an idea what this actually means? Are we looking at a mass extinction event or a lot of bankers missing out on their Christmas bonus?

The natural resources we need are all still there, the knowledge is there, things should more or less bump along in their normal way…

We are looking at total extinction. Our money supply could collapse if we cease to trust the banks. They could print, but that would destroy the currency. Either way, many without the little cash left in circulation could not trade, particularly if they were retired and had no labour for sale. As for labour contracts whose price is fixed in a time of credit, but has to be honoured after a deflationary collapse, how would that work? Our laws of contract couldn't cope, our judges would probably be striking anyway.

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I have a great idea for a Euro replacement....each country coiuld have their own "currency" and they could have an "exchange rate" between "countries". :rolleyes:

Why stop there? Why should countries have their own currencies at all? Why should the government have anything to do with running them either?

Technology makes it easy to use any number of currencies, in any given area.

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We are being prepared for QE.

I felt sick this morning watching the beeb. They reported a fall in the stock markets around the world, and (completely out of kilter with the way a news story is usually reported) they followed this up by saying, "if you dont think this affects you, it will if you have a pension, a stocks and shares isa blah blah blah!"

If only there was something the politicians and bankers could do to save us from 'the brink'. Ooooh, its scary being on 'the brink'.

Absolutely - and as I noted in another thread, plenty of mentions now in mainstream media of QE being likely.

The groundwork is being laid to get people to accept yet more money printing with inflation already running at ~5% as a result of the last batch of money printing.

The 'shock! horror! Economy in grave danger!' feature on the 6 o'clock News last night was completely out of proportion given the way that the rotten state of the economy has been overlooked so many times when it comes to headines. IMO there's clearly an agenda to scare the bejeebus out of the public so they accept whatever it is the banksters are cooking up at the moment (more money printing looking like the most likely candidate).

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We are looking at total extinction. Our money supply could collapse if we cease to trust the banks. They could print, but that would destroy the currency. Either way, many without the little cash left in circulation could not trade, particularly if they were retired and had no labour for sale. As for labour contracts whose price is fixed in a time of credit, but has to be honoured after a deflationary collapse, how would that work? Our laws of contract couldn't cope, our judges would probably be striking anyway.

We would get up, brush ourselves down and get on with life again. The broken banking system would be dust, the wealth would have been redistributed and people would have learned a hard, but useful, lesson... money != promises of money.

TBH, we can worry about what will happen all we like, but it won't stop it happening. The debt has to be defaulted on and when it does, a lot may get swept a away with it. It needs purging though, as the whole system, from the banks to the politicians, is corrupt and not fit for purpose. It's time for something new.

Edited by Traktion

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BTW, if one defaults, they are ostracised. If the majority default, it becomes accepted as normal.

If they want coordinated action, a domino ripple of defaults would fit the bill rather well.

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The brink of destruction? Savings accounts wiped out, hyperinflation, bread costing £1000 a loaf, wages falling, 80% unemployment, cash machines with no money in them etc etc etc?

Greece defaults -> leaves massive gaping holes in italy, portugal spains banks -> italy, portugal spain go backrupt in under 4 weeks leaving big gaping holes in banks of UK, Germany, USA -> Civilized World goes bankrupt -> No international transactions civilized world cannot afford to buy oil or food -> large % of population of the word dies from starvation/cold..

The sheeple still dont know how close we came in the 2008 banking crisis, we were less than a day away from all UK cash machines and bank accounts being frozen

Edited by AteMoose

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The brink of destruction? Savings accounts wiped out, hyperinflation, bread costing £1000 a loaf, wages falling, 80% unemployment, cash machines with no money in them etc etc etc?

I will come round your house. :P

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We would get up, brush ourselves down and get on with life again. The broken banking system would be dust, the wealth would have been redistributed and people would have learned a hard, but useful, lesson... money != promises of money.

TBH, we can worry about what will happen all we like, but it won't stop it happening. The debt has to be defaulted on and when it does, a lot may get swept a away with it. It needs purging though, as the whole system, from the banks to the politicians, is corrupt and not fit for purpose. It's time for something new.

Traktion,

I hope you are right, I fear you are not. The towering achievement of civilisation, the supply chains that bring us our wealth, rely on credit and need to be used in order to be sustained. If they collapse, and the people in them stop working because they are not paid for example, those chains might break and it could prove difficult if not impossible to get them back together again. The huge amount of specialisation in the world provides huge productivity, but it comes with a price, massive interdepence. If what you are dependent on ceases to be, then your node in the supply chain ceases to function, and so on.

There is more danger here than you think.

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LOL What a load of Drama Queens !!

At the end of the day it will hardly effect your man in the street one jot.

What they are talking about here is a load of banks losing a load of money, some of them will go to the wall, stock markets will fall by about 25%. We will have emergency meetings, the Chinese will get involved and for a week we will have "economic uncertainty" but Brian will still be selling his bread in the bakers and Susan will still work Saturdays down Sainsburys.

When the dust settles we will have some people losing billions in investments/pensions, a load of out of work bankers, credit will cease for a month, a few Woolworth type businesses will go to the wall.....nothing extraordinary, no armageddon type scenario.

I still hear people talk about the HUGE financial disaster of 2008 !!! What happened? It didn't effect me one bit, if anything I was begging for a little austerity, we needed to end our debt addiction. I havent noticed anything change, I still struggle to book a table at any of the restuarants in my town on a weekend, shops seem packed, new 4x4's still everywhere, every banker/city type I know still has a job or got a new one within a few weeks.

This Brink is only the Brink if you are in that financial industry and only really then if you are at the high end. Cameron, Cable, Peston, IMF etc are spending their days with these people and the panic is more to do with the party coming to an end rather than any doomsday scenario.

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Take World War two; the UK stood alone for a while, its supply links massively cut yet it carried on and people did not stave in fact I’ve read they were the healthy over that period than before the war.

People are incredibly resourceful and they will find a way, clear the financial departments out, let the engineers in, maybe we can return to barter for a while, if there’s a will there’s a way..

The brink of destruction? Savings accounts wiped out, hyperinflation, bread costing £1000 a loaf, wages falling, 80% unemployment, cash machines with no money in them etc etc etc?

Greece defaults -> leaves massive gaping holes in italy, portugal spains banks -> italy, portugal spain go backrupt in under 4 weeks leaving big gaping holes in banks of UK, Germany, USA -> Civilized World goes bankrupt -> No international transactions civilized world cannot afford to buy oil or food -> large % of population of the word dies from starvation/cold..

The sheeple still dont know how close we came in the 2008 banking crisis, we were less than a day away from all UK cash machines and bank accounts being frozen

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I wonder if anyone has ever got into a bunker, and closed the door, and realised that they dont know how to open it?

If they did they are still there. ;)

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  • 334 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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