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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
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Nickelless
Administrator
USA
5580 Posts |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
 Posted - 02/04/2009 : 09:29:31
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quote:
Originally posted by Nickelless
What scares me most about that article is how plausible of a possibility it is that banks all over the world very well could just stop lending and world commerce as we know it will collapse and lead to unparalleled chaos. I'd been thinking for a while about this possibility, but this article summed up the risk and how it could happen more succinctly than I could.
Better get that survival shotgun/rifle you have been looking in to. |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 02/04/2009 : 13:35:30
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| Can you say: New World Order? |
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Ant
Penny Hoarding Member
USA
894 Posts |
Posted - 02/04/2009 : 16:25:05
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quote:
Originally posted by Nickelless
What scares me most about that article is how plausible of a possibility it is that banks all over the world very well could just stop lending and world commerce as we know it will collapse and lead to unparalleled chaos. I'd been thinking for a while about this possibility, but this article summed up the risk and how it could happen more succinctly than I could.
Good thing you bought all those shoes, huh?   |
Lovely dimes, the liveliest coin, the one that really jingles. --Truman Capote
Coins are the metallic footprints of the history of nations. --William H. Woodin |
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swusc
Penny Hoarding Member
USA
553 Posts |
Posted - 02/04/2009 : 17:04:03
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Well, Congress is full of idiots.
The problem is not housing anymore that mess has spilled over. This thing is all about money supply, credit markets, incomes, savings rates, and debt levels.
You can't fix problems with spending. The heart of the problem is debt levels are to high when compared to assets level and incomes. That is why home loans are going bad and spending is down.
We are screwed bc we only elect idiots to run the country. Even if this group of idiots is better than the last group... we still have idiots in charge.
-SWUSC
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`Everybody is ignorant. Only on different subjects.' Will Rogers
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan, 1966. |
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Nickelless
Administrator
USA
5580 Posts |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 02/04/2009 : 23:09:33
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| Better have some cash on hand as well. Don't leave it all in checking or savings. Have an emergency stash if you can. |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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swusc
Penny Hoarding Member
USA
553 Posts |
Posted - 02/05/2009 : 21:58:43
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The banks are going to start lending... I think the government is about to take ownership of a lot of the big ones.
-SWUSC |
`Everybody is ignorant. Only on different subjects.' Will Rogers
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan, 1966. |
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Planetary Bankruptcy
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