Evidence of world stock market crash

Discussions regarding the world financial crises
Clarence
Canada
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Re: Evidence of world stock market crash

Post by Clarence » Tue Jan 07, 2020 10:40 pm

thecrownsown wrote:
Mon Jan 06, 2020 4:51 pm
Gold is going up. Gold has always been a retreat during recessions and financial uncertainty. We are long overdue for a market correction, and it could happen this year. As for a major crash or economic apocalypse...doubtful. Life will carry on.
gold is usually a good thing to have. dont laught at me but i was watching a tapped show of pawn stars and a guy brought in two packs given to aircrew. sealed case containing a few gold coins and rings, four of each. worth in today's value, something like 1,400 US. says a lot about the value of bribes and being able to be used to get you out of occupied territory and a currency that is always valuable.

who knows when the crash will occur and its severity.

as to life carrying on, your correct, just what level of life remains to be seen. A person may live without a leg or even all for limbs. I prefer to focus on not getting anywhere near that level of "carrying on" 2008 was i believe a tiny precursor to what befall us and when you look around, personal, corporate and government debt is way up there. Lots of triggers can cause things to rely spiral out of control and while life will indeed carry on, its at what level and how long the misery will last that keeps me up at night, well that and binding legs :lol: .
regardless, we do what we think is best and do indeed carry on up the Kyber



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squizzy
Australia
Posts: 11
Joined: Mon Jan 06, 2020 4:11 am

Re: Evidence of world stock market crash

Post by squizzy » Mon Jan 20, 2020 12:33 pm

Clarence wrote:
Tue Jan 07, 2020 10:40 pm
thecrownsown wrote:
Mon Jan 06, 2020 4:51 pm
Gold is going up. Gold has always been a retreat during recessions and financial uncertainty. We are long overdue for a market correction, and it could happen this year. As for a major crash or economic apocalypse...doubtful. Life will carry on.
gold is usually a good thing to have. dont laught at me but i was watching a tapped show of pawn stars and a guy brought in two packs given to aircrew. sealed case containing a few gold coins and rings, four of each. worth in today's value, something like 1,400 US. says a lot about the value of bribes and being able to be used to get you out of occupied territory and a currency that is always valuable.

who knows when the crash will occur and its severity.

as to life carrying on, your correct, just what level of life remains to be seen. A person may live without a leg or even all for limbs. I prefer to focus on not getting anywhere near that level of "carrying on" 2008 was i believe a tiny precursor to what befall us and when you look around, personal, corporate and government debt is way up there. Lots of triggers can cause things to rely spiral out of control and while life will indeed carry on, its at what level and how long the misery will last that keeps me up at night, well that and binding legs :lol: .
regardless, we do what we think is best and do indeed carry on up the Kyber
way back in the early 80's, when gold was sitting around the $400.00 mark per ounce .. I had every opportunity to pick up the odd ounce or two.. it's in many cases rare for young heads to have a firm grip on real tangible assets. In most cases .. the new family and the new house chews up all there is spare with very little left over.. hence the great credit card scam, working 2 - 3 jobs , always on the hunt for extra cash ... which really only leaves the older generation with any form of assets and savings, pretty much forming the majority next to the corporate s. However if to many of the corporate s fall over, which certainly seems to be the trend on a global scale at the moment.. then all of a sudden the only folks who have assets or money is the older generation.. Australia I don't believe will be affected at all for quite some time. The work which will now be available on a National scale due to the damage caused by the fires, not to mention all the supplies needed to restock and rebuild is in the Trillions. Reasonable breathing space for at least 5 years excepting any major catastrophe or potential foreign invasion.

scrounger
Canada
Posts: 541
Joined: Sun Oct 14, 2012 12:53 am

Re: Evidence of world stock market crash

Post by scrounger » Mon Jan 20, 2020 10:52 pm

Trillions? Number I heard is closer to 230 billion.
I reserve the right to be a blowhard. Blaster

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