Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > PM Bug

Like Tree2Likes
  • 1 Post By mmerlinn
  • 1 Post By MarcLacroix

Reply
 
LinkBack Thread Tools
Old 05-23-2015, 10:02 PM   #1
Fly on the wall
 
MarcLacroix's Avatar
 
Join Date: Apr 2015
Location: Planet Earth
Posts: 80
Liked: 27 times
ItSeemsWeAreInAHeapOfTrouble... eh?

HiYa!;

Been going around various financial sites and the Doom, Gloom Apocalypse Talk has intensified greatly. It would be nice to find some clear objective data as opposed to all the hype.

So what happens when the wheels fall off. Do we revert back to 1492 when Columbus sailed the ocean blue, throw away three hundred years and start over, the dollar gets cut in half and gold doubles? What?
Anyone got any ideas?

Marc
MarcLacroix is offline   Reply With Quote
Old 05-24-2015, 09:14 AM   #2
Ground Beetle
 
Join Date: Oct 2011
Location: Here, There, and Everywhere
Posts: 633
Liked: 388 times
Examine what has happened elsewhere in the past to see our future. Like Argentina, Zimbabwe, Rome, and numerous other instances. Doing the same thing always ends with the same results.
BigJim likes this.
__________________
If you keep doing what you are doing, You will keep getting what you are getting.
If you don't like what you are getting, You must change what you are doing.


http://mmerlinn.com

GOLD is the money of KINGS.
SILVER is the money of GENTLEMEN.
BARTER is the money of PEASANTS.
DEBT is the money of SLAVES.
- Norm Franz
mmerlinn is offline   Reply With Quote
Old 05-24-2015, 03:15 PM   #3
Fly on the wall
 
MarcLacroix's Avatar
 
Join Date: Apr 2015
Location: Planet Earth
Posts: 80
Liked: 27 times
Originally Posted by mmerlinn View Post:
Examine what has happened elsewhere in the past to see our future. Like Argentina, Zimbabwe, Rome, and numerous other instances. Doing the same thing always ends with the same results.
Yes of course but in order to do that it would be helpful to have accurate data.
Like precisely how(StepByStep) does a ProsperousNation become a BananaRepublic.

Marc
ancona likes this.
MarcLacroix is offline   Reply With Quote
Old 05-27-2015, 04:02 AM   #4
Ground Beetle
 
Join Date: Oct 2011
Location: Here, There, and Everywhere
Posts: 633
Liked: 388 times
Originally Posted by MarcLacroix View Post:
Yes of course but in order to do that it would be helpful to have accurate data.
Like precisely how(StepByStep) does a ProsperousNation become a BananaRepublic.

Marc
That is why you examine what has happened in the past. There is no other way to find out.
__________________
If you keep doing what you are doing, You will keep getting what you are getting.
If you don't like what you are getting, You must change what you are doing.


http://mmerlinn.com

GOLD is the money of KINGS.
SILVER is the money of GENTLEMEN.
BARTER is the money of PEASANTS.
DEBT is the money of SLAVES.
- Norm Franz
mmerlinn is offline   Reply With Quote
Old 05-27-2015, 06:53 AM   #5
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,017
Liked: 2443 times
Originally Posted by MarcLacroix View Post:
...
So what happens when the wheels fall off. ...

Anyone got any ideas?
Pain. Lots of pain.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is online now   Reply With Quote
Old 06-03-2015, 09:55 AM   #6
Mote in the Fed's eye
 
Join Date: Apr 2015
Posts: 24
Liked: 1 times
As almost every big personality is pointing out the same, there are some tragic situations rite bow but soon it'll be over, as in 2008-09 the economic crisis came and then some changes needs to be implemented, same way economist are analyzing the situations and will definitely come up with some solution. Till then KEEP CALM
coarsequarterly is offline   Reply With Quote
Old 06-03-2015, 03:31 PM   #7
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
Originally Posted by MarcLacroix View Post:
Yes of course but in order to do that it would be helpful to have accurate data.
Like precisely how(StepByStep) does a ProsperousNation become a BananaRepublic.

Marc
To answer that question, simply roll down to the thread on Greece. They were in pretty good shape until the banksters yanked the rug out in 'o8. Now, they're a basket case ready to default on a ton of imaginary money that they have borrowed to pay back even older loans. In short; they're fucked.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 06-03-2015, 08:38 PM   #8
Fly on the wall
 
MarcLacroix's Avatar
 
Join Date: Apr 2015
Location: Planet Earth
Posts: 80
Liked: 27 times
Taking on NewDebt to repay OldDebt is insane. No wonder they are in trouble.
Mobsters thrive on that kind of behavior.

Marc
MarcLacroix is offline   Reply With Quote
Old 07-06-2015, 09:29 AM   #9
Mote in the Fed's eye
 
Join Date: Apr 2015
Posts: 24
Liked: 1 times
I would suggest that we are not in a position to throw 300 years and start over acc to Sir Bill Gates "Some times to deal and some times you fold" and this is definitely to fold.
coarsequarterly is offline   Reply With Quote
Old 07-06-2015, 01:50 PM   #10
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
Originally Posted by coarsequarterly View Post:
I would suggest that we are not in a position to throw 300 years and start over acc to Sir Bill Gates "Some times to deal and some times you fold" and this is definitely to fold.
Greece played this exactly correct. The EU wants desperately for Greece to cede their democratic process, force the Prime Minister out, install someone that is Euro sympathetic, re-embrace austerity, re-affirm the debt and continue to strangle the populace.

Not going to happen. I foresee the return of riot dog on Wednesday.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 12:54 PM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.