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Author Topic: Financial Collapse  (Read 71858 times)

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Arkane

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Re: Financial Collapse
« Reply #375 on: April 05, 2017, 10:48:23 am »

The banks have started raising rates independent of the fed!
And .gov has done jack!
I am thinking this may have a snowball effect in the near future with the banks leading and dragging the fed along!

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doomsdayprepper4570

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Re: Financial Collapse
« Reply #376 on: April 05, 2017, 11:04:25 am »

Anything between 5% and 10% will see a huge amount of housing loan defaults as most are on a slim
coping margin right now!
It still never ceases to amaze me how people can afford to pay $50,000 to $80,000 on a basic 4x4 vehicle
which is comprised of about $500 worth of scrap metal and plastic?
The value is simply not there.
Robots do most of the work in a lot of plants as well.
A basic diesel family wagon should be well under $10,000 new off the showroom floor.
Too much mumbojumbo and horseshit extras blah blah blah, really after having aircon wtf else do you really need in a basic vehicle?
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Loose ends make my arse itch and I have just clipped my finger nails. So the itch flows to my trigger finger.

odzy

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Re: Financial Collapse
« Reply #377 on: April 05, 2017, 01:00:49 pm »

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really after having aircon wtf else do you really need in a basic vehicle?

Oh you do need heated seats with balls massager, a cup holder which cannot even hold a cap in place, refrigerated glove box for keeping your coffee hot  ::)
Oh and how can you not have a leather gear knob which after having a drink from you cold can/bottle and you touch it it discolours on the spot.  Or tinted windows which scratch when you open them  ::)
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odzy

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Re: Financial Collapse
« Reply #378 on: April 05, 2017, 01:03:37 pm »

Had a BMW M4 with orange leather seats in which the manufacturer states on a booklet not to wear anything other that cotton pants when driving or the seats will stain from excessive sweating  :o
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doomsdayprepper4570

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Re: Financial Collapse
« Reply #379 on: April 05, 2017, 03:22:00 pm »

Sorry, I just have to ask this!
So you now have orange stained testicles???????????????????????? ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D
At least the seats in the volvo are stained black :o ;D ;D ;D ;D ;D ;D ;D
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Loose ends make my arse itch and I have just clipped my finger nails. So the itch flows to my trigger finger.

odzy

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Re: Financial Collapse
« Reply #380 on: April 05, 2017, 04:19:16 pm »

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Sorry, I just have to ask this!
So you now have orange stained testicles???????????????????????? ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D
At least the seats in the volvo are stained black :o ;D ;D ;D ;D ;D ;D ;D
Bwahahahaha  NO!
They meant that if you wear blue jeans etc the sweat will put blue dye on the leather seats   :o  Like WTF???
They never tell you this shit at the time you buy the car :(  What a load of shit  :(
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odzy

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Re: Financial Collapse
« Reply #381 on: April 05, 2017, 04:21:04 pm »

Was a nice car though  ;)

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odzy

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Re: Financial Collapse
« Reply #382 on: April 05, 2017, 05:07:42 pm »

For those of you with Gold investments it looks like the precious metal is on it's way up   8)
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OzHippy

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Re: Financial Collapse
« Reply #383 on: April 06, 2017, 01:52:17 am »

3 Charts to be aware of..
For Gundlach, These Are The Three Key Charts To Watch
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We live in interesting times!!

doomsdayprepper4570

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Re: Financial Collapse
« Reply #384 on: April 06, 2017, 05:48:13 am »

Ahhhhhhh, ok! ;)
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Loose ends make my arse itch and I have just clipped my finger nails. So the itch flows to my trigger finger.

OzHippy

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Re: Financial Collapse
« Reply #385 on: April 17, 2017, 04:12:22 pm »

Lots of bad financial news coming to light, US GDP is low and dropping, more mega companies in China are going under, more miss reporting.  Gold is up and bond yields down and there is also geopolitical risk.


World's Biggest Aluminum Producer Faces Default, Warns Of "Dramatic Social Unrest" Without A Beijing Bailout
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USDJPY, Yields Slide, Gold Spikes As Markets Finally Respond To Latest Set Of Economic, Geopolitical Shocks
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We live in interesting times!!

crazycatlady

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Re: Financial Collapse
« Reply #386 on: April 18, 2017, 12:24:07 pm »

OMG!  Stock up on alfoil!
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sea-dove

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Re: Financial Collapse
« Reply #387 on: April 22, 2017, 01:57:13 pm »

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I was looking at something years ago and these idiots (american women) happily admitted that on average their
household debt on credit cards was on average $70,000 US!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Not to mention, house loans, car loans, white goods store loans etc etc etc!
Seriously!
Bet most are bankrupt now.

wow. I decided to cut up my $5000 credit card as I didnt like getting that much in debt.
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sea-dove

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Re: Financial Collapse
« Reply #388 on: April 22, 2017, 02:05:18 pm »

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It will never happen while there is not 100% mobile phone coverage in australia and elsewhere!
Also unstable power supply is a major problem as well as tech bugs and outages!
It may be on their wish list, but in reality do not fret!
Imagine 3-4 days without eftpos, internet transfers, phone apps or cash in our cities?
It would be life endangering!
It would just add to the financial collapse problems and not cure a bloody thing.
Political suicide!

Arent they though now trying to get mobile coverage everywhere? 

I wouldnt count on them not going to cashless society as they arent sensible, they probably dont care much about power outages and that. They werent worried about stopping one of SA big power stations which at times now throws our state into power crisies due to that now being closed down (and our government is now having to think about buying things back..many in our governments are idiots).    It would be like it is now, if the power is down, many of the shops then close.

I personally can imagine our government trying to go cashless.  (bartering then will become more common)
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sea-dove

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Re: Financial Collapse
« Reply #389 on: April 22, 2017, 02:18:50 pm »

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ATM withdrawals peaked in 2009–10, and have been falling ever since. Impressively, three out of every four transactions made today use digital ‘tap-and-go’ systems.

Id never thought about that but that only 25% of transactons using cash sounds quite believable.  Makes me wonder what the cut off point will be when they will go completely cashless - 20% transitions using cash?, 10% of transactions using cash?  There must be a point in which they will say, no we arent doing cash no more it isnt worth it. Printing money etc etc must cost governments money etc too so another money saver for them to get rid of the cash.

These figures make it quite believable that we may be cashless in a few years.
« Last Edit: April 22, 2017, 03:15:18 pm by sea-dove »
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