I agree something amazingly large is coming, so what do we do? Serious question. I have thought about this and I can't really see any other course of action other then staying the course and knowing that whatever happens, we are in it together. I even hear of people in the US pulling their money out of the banking system.
?..
The financial sector is on the verge of collapse. This isn't a correction like before and the stock market is going to take a long time to recover from this.
Normally this would be a good time to buy but I keep hearing advise to invest in commodities instead. Look at the price of gold in the last couple of days.
Yeah, I'm pretty sure a depression is coming. What can you do when ...
I'm hoping for a complete decay of society.
I plan to just go around to everyone else's house and take what I want. Because of the gun laws in Canada, most households won't have the resources to stop people like me.
Depression? Fuck that, a looting good time!
Quote:
Originally Posted by Fotura
What can you do when it's caused by people who had lots of money, made bad decisions, pretty much tanked their country's economy and will get a big severance after their bankrupcy?
The American solution seems to be to let the remaining institutions get even bigger by swallowing ...
I moved a lot of my net worth into Silver recently. As currencies fall, the precious metals will rise. I'm down more than 50K in stocks since January of this year. I've lost all faith in securities for the next few years.
Make sure you have a good amount in physical cash at your disposal, because when the shit does hit the fan, and there's no power, etc - good luck making a withdrawl ...
the federal reserve gave aig the 82 billion they needed.. the funny thing is that the FR is a private corporation and basically printed money out of thin air in exchange for assets.. i wish i could do that
funny how corrupt the system is yet few are able to clue in
Typical fear mongering driven by a lack of real understanding of what's happening.
Long story short, people drove up the price of housing beyond all reason and entrenched an idea that housing prices would continue to go up forever and not go down. That emboldened them to lend/borrow on stupid terms because "they could always sell the home for a profit".
Clearly that was irrational and...
Quote:
Originally Posted by klutch_r
I'm not gonna watch, I'll just say "repost" instead.
Don't you just hate the idiots that come into threads just to shout 'repost'?
Quote: Originally Posted by Incantation jamiejames are you not smart enough to realize it's not going to happen overnight? keep holding your tongue. someone once said it's better to be silent and thought a fool than open one's mouth and remove all doubt in other news.. interesting "recovery" we are having http://finance.yahoo.com/news/Fannie...&asset=&ccode= Adam, before you criticize someone,...
Quote: majority of peeps that I talk to up here are saying that I better get serious about buying in the next short while if I want to get a place for a decent price the majority of peeps are fucking stupid. save your dough.. vancouver will correct soon enough
I personally hope for interest increases to flush out the low equity high mortgage buyers. It will drive market prices south, but get rid of the $30,000.00 down $300,000.00 mortgages out there. People are barely making payments at today's rates... good luck at 7% fools. Stupid borrowing. No idea of finance.
Quote: Originally Posted by JamieJames Our books, which are kept independelty of those at RBC, have to be matched to those at RBC. By a third independent body who has a recognized crediblity. Given that system, a strict, unchanging way of doing things might actually help. I guess financial auditing is a world away from sustainability reporting, which is changing all the time as people argue over the definition of 'sustainability'....
Quote: Originally Posted by JamieJames Well I'm certainly glad that various codes of ethical conduct were not based on yours. My personal belief that knowingly benefiting from someone elses error and not paying for the good or service you received is tantamount to theft. There is no physical requirement or fear of getting caught that motivates such a person to point out the error, it is merely an act of honesty and integrity and is...
Quote: Originally Posted by JamieJames Who said the Canadian dollar was going down? You, and you're wrong. Have you checked it lately? Quote: Originally Posted by JamieJames Who said commodity prices are going to drive a global recession (including Canada)? Not you, even though in your state of confusion you might remember it differently. Quote: Originally Posted by JamieJames Who said the $US will appreciate? You did, and you were...
Not liking this "fall back" stuff...depression... Not liking this "fall back" stuff...depression is coming on and it's awful. Looking into those seasonal lights..don't like this feeling.. 10:29 AM Nov 2nd, 2008 from web
Thread profile page for "depression is coming" on http://www.bcsportbikes.com.
This report page is a snippet summary view from a single thread "depression is coming", located on the Message Board at http://www.bcsportbikes.com.
This thread profile page shows the thread statistics for: Total Authors, Total Thread Posts, and Thread Activity