The economic ship is listing.....abandon ship abandon ship
Sandy, well said. Top points.
However sadly, history is born to repeat itself. It's the dent in our DNA cake tin - no matter how hard people try to bake the perfect cake, it always comes out with the same dent in it. Financially, each cycle lasts around 40 years give or take, then it's Shitsville! We are at that cusp again.
Look at this pathetic world. Three examples only;
1. Start with Germany. Thought they had learned from the currency collapse and hyperinflation of 1923? Nope. Frau Merkel, who has spent years promulgating the 'too big to fail' Deutsche Bank and how it is the worlds strongest banking institution is now realising how wrong she has been. Not long now til Deutsche Bank runs out of printer ink and can no longer keep it's Ponzi going. Too bad for the German sheeple the
morning after the inevitable 'bank holiday' and they wake up to the realisation that all those electronic digits that make up their bank accounts are gone! Tick tock the time bomb is coming.
2. Surprise surprise, roughly 40 years later, another continent and more shennanigans. For our American friends 1971 was one of the most significant in history in which the unilateral cancellation of the direct international convertibility of the United States dollar to gold. Gold standard Goooone! The Central Banks pulled puppet Richard Nixon's strings and the rest as they say is history. The Banksters will forever do their utmost to rid the world of precious metal value because you can't fake it, print it, replace it with digital numbers on a computer. Do the USSA get a tick tock? They sure do. That treasonous act back in 71 has set the framework for where we are today. Again roughly 40 years between the destruction of the gold standard and GFC 2008 (which incidentally was just the precursor bubble to the big bubble sitting out our doorstep). Tick tock, you got that right.
3. That brings us to 2016. Dear oh dear, what an abhorrent mess. As Sandy pointed out, Australia is itself evidence of a broken corrupt system. Medium price range for a city shitbox in Sydney - $1m. Say no more! But I will. Toronto house prices crashing up to 60% in the past two months, New York (yes the worlds greatest city) with an increase in the homeless by 23% in the past 12 months. The great USSA where the average wage is $30k and 99% of the wealth created in the past 8 years under Obama has gone to the 1%, the worlds richest.
And not to forget the final desperate move of the rule changers who rig the system and keep the Ponzi scheme going - Abenomics! Yes, that nifty idea out of Japan called 'negative interest rates'. That's right, you, the little person get to put your money in the (not so safe) bank, and you pay THEM for the privelege by copping negative interest rates! Yes, it costs you money to let them look after your worthless paper. What an effing farce!
So let's see what the next year or two bring under the stewardship of Goldman Sachs Turnbull and his conga line of silver spoon millionaire ministers. But from where I sit the global wrecking ball has gathered immense speed and the pain has yet to begin.
TICK TICK. Christ yes.
P2 on thread drift - Due the significance of the last three posts in the 'State of the Nation' (& Aviation), I have copied across to the Mandarin thread - Ministers, Mandarins & Minions: The road to dusty ruin - which IMO is the most applicable board for this fascinating debate...cheers P2
Sandy, well said. Top points.
However sadly, history is born to repeat itself. It's the dent in our DNA cake tin - no matter how hard people try to bake the perfect cake, it always comes out with the same dent in it. Financially, each cycle lasts around 40 years give or take, then it's Shitsville! We are at that cusp again.
Look at this pathetic world. Three examples only;
1. Start with Germany. Thought they had learned from the currency collapse and hyperinflation of 1923? Nope. Frau Merkel, who has spent years promulgating the 'too big to fail' Deutsche Bank and how it is the worlds strongest banking institution is now realising how wrong she has been. Not long now til Deutsche Bank runs out of printer ink and can no longer keep it's Ponzi going. Too bad for the German sheeple the
morning after the inevitable 'bank holiday' and they wake up to the realisation that all those electronic digits that make up their bank accounts are gone! Tick tock the time bomb is coming.
2. Surprise surprise, roughly 40 years later, another continent and more shennanigans. For our American friends 1971 was one of the most significant in history in which the unilateral cancellation of the direct international convertibility of the United States dollar to gold. Gold standard Goooone! The Central Banks pulled puppet Richard Nixon's strings and the rest as they say is history. The Banksters will forever do their utmost to rid the world of precious metal value because you can't fake it, print it, replace it with digital numbers on a computer. Do the USSA get a tick tock? They sure do. That treasonous act back in 71 has set the framework for where we are today. Again roughly 40 years between the destruction of the gold standard and GFC 2008 (which incidentally was just the precursor bubble to the big bubble sitting out our doorstep). Tick tock, you got that right.
3. That brings us to 2016. Dear oh dear, what an abhorrent mess. As Sandy pointed out, Australia is itself evidence of a broken corrupt system. Medium price range for a city shitbox in Sydney - $1m. Say no more! But I will. Toronto house prices crashing up to 60% in the past two months, New York (yes the worlds greatest city) with an increase in the homeless by 23% in the past 12 months. The great USSA where the average wage is $30k and 99% of the wealth created in the past 8 years under Obama has gone to the 1%, the worlds richest.
And not to forget the final desperate move of the rule changers who rig the system and keep the Ponzi scheme going - Abenomics! Yes, that nifty idea out of Japan called 'negative interest rates'. That's right, you, the little person get to put your money in the (not so safe) bank, and you pay THEM for the privelege by copping negative interest rates! Yes, it costs you money to let them look after your worthless paper. What an effing farce!
So let's see what the next year or two bring under the stewardship of Goldman Sachs Turnbull and his conga line of silver spoon millionaire ministers. But from where I sit the global wrecking ball has gathered immense speed and the pain has yet to begin.
TICK TICK. Christ yes.
P2 on thread drift - Due the significance of the last three posts in the 'State of the Nation' (& Aviation), I have copied across to the Mandarin thread - Ministers, Mandarins & Minions: The road to dusty ruin - which IMO is the most applicable board for this fascinating debate...cheers P2