+ Reply to Thread
Page 2 of 2 FirstFirst 1 2
Results 21 to 25 of 25

Thread: Be prepared: Bankruptcy, Economic Collapse 2017

  1. Link to Post #21
    Great Britain Avalon Member Baby Steps's Avatar
    Join Date
    29th August 2014
    Age
    56
    Posts
    1,634
    Thanks
    16,930
    Thanked 8,663 times in 1,521 posts

    Default Re: Be prepared: Bankruptcy, Economic Collapse 2017

    IS IT DELIBERATE & ENGINEERED FOR OUR ULTIMATE BENEFIT?

    In the following X22 report the suggestion is that Trump knows that the banking system is insolvent and the dollar is due for hyper inflation. Trump is covertly working for this as a kind of constructive destruction. Let these corrupt institutions die a la iceland. If they do, SHAREHOLDERS take the haircut rather than tax payers.

    Following the crash, USA can rebuild itself based on a new currency (possibly block-chain based), bank asset nationalisation, and industrial expansion.

    INTERESTING THEORY

    Not sure if I agree, but if true it could be a ruse.It would be very painful for ordinary people.



    Suppose this is right - how do people protect their wealth?

    - Buy precious metals?
    - Buy crypto currency?
    - Sell property and buy abroad?
    - Would other stock markets crash too?
    - How to hedge against this possibility?
    we have subcontracted the business of healing people to Companies who profit from sickness.

  2. The Following 2 Users Say Thank You to Baby Steps For This Post:

    Eric J (Viking) (14th June 2017), PathWalker (16th June 2017)

  3. Link to Post #22
    United States Avalon Member onawah's Avatar
    Join Date
    28th March 2010
    Language
    English
    Posts
    22,209
    Thanks
    47,682
    Thanked 116,102 times in 20,640 posts

    Default Re: Be prepared: Bankruptcy, Economic Collapse 2017

    Doomsday Prep for the Super-Rich
    Some of the wealthiest people in America—in Silicon Valley, New York, and beyond—are getting ready for the crackup of civilization.
    http://www.newyorker.com/magazine/20...the-super-rich
    By Evan Osnos
    (Interesting, detailed article from the New Yorker January 2017 edition, but still relevant. Too long to post all of it here.)

    An armed guard stands at the entrance of the Survival Condo Project, a former missile silo north of Wichita, Kansas, that has been converted into luxury apartments for people worried about the crackup of civilization.Photograph by Dan Winters for The New Yorker
    Quote Steve Huffman, the thirty-three-year-old co-founder and C.E.O. of Reddit, which is valued at six hundred million dollars, was nearsighted until November, 2015, when he arranged to have laser eye surgery. He underwent the procedure not for the sake of convenience or appearance but, rather, for a reason he doesn’t usually talk much about: he hopes that it will improve his odds of surviving a disaster, whether natural or man-made. “If the world ends—and not even if the world ends, but if we have trouble—getting contacts or glasses is going to be a huge pain in the ass,” he told me recently. “Without them, I’m ****ed.”
    Huffman, who lives in San Francisco, has large blue eyes, thick, sandy hair, and an air of restless curiosity; at the University of Virginia, he was a competitive ballroom dancer, who hacked his roommate’s Web site as a prank. He is less focussed on a specific threat—a quake on the San Andreas, a pandemic, a dirty bomb—than he is on the aftermath, “the temporary collapse of our government and structures,” as he puts it. “I own a couple of motorcycles. I have a bunch of guns and ammo. Food. I figure that, with that, I can hole up in my house for some amount of time.”
    Survivalism, the practice of preparing for a crackup of civilization, tends to evoke a certain picture: the woodsman in the tinfoil hat, the hysteric with the hoard of beans, the religious doomsayer. But in recent years survivalism has expanded to more affluent quarters, taking root in Silicon Valley and New York City, among technology executives, hedge-fund managers, and others in their economic cohort.
    Last spring, as the Presidential campaign exposed increasingly toxic divisions in America, Antonio García Martínez, a forty-year-old former Facebook product manager living in San Francisco, bought five wooded acres on an island in the Pacific Northwest and brought in generators, solar panels, and thousands of rounds of ammunition. “When society loses a healthy founding myth, it descends into chaos,” he told me. The author of “Chaos Monkeys,” an acerbic Silicon Valley memoir, García Martínez wanted a refuge that would be far from cities but not entirely isolated. “All these dudes think that one guy alone could somehow withstand the roving mob,” he said. “No, you’re going to need to form a local militia. You just need so many things to actually ride out the apocalypse.” Once he started telling peers in the Bay Area about his “little island project,” they came “out of the woodwork” to describe their own preparations, he said. “I think people who are particularly attuned to the levers by which society actually works understand that we are skating on really thin cultural ice right now.”
    In private Facebook groups, wealthy survivalists swap tips on gas masks, bunkers, and locations safe from the effects of climate change. One member, the head of an investment firm, told me, “I keep a helicopter gassed up all the time, and I have an underground bunker with an air-filtration system.” He said that his preparations probably put him at the “extreme” end among his peers. But he added, “A lot of my friends do the guns and the motorcycles and the gold coins. That’s not too rare anymore.”
    Tim Chang, a forty-four-year-old managing director at Mayfield Fund, a venture-capital firm, told me, “There’s a bunch of us in the Valley. We meet up and have these financial-hacking dinners and talk about backup plans people are doing. It runs the gamut from a lot of people stocking up on Bitcoin and cryptocurrency, to figuring out how to get second passports if they need it, to having vacation homes in other countries that could be escape havens.” He said, “I’ll be candid: I’m stockpiling now on real estate to generate passive income but also to have havens to go to.” He and his wife, who is in technology, keep a set of bags packed for themselves and their four-year-old daughter. He told me, “I kind of have this terror scenario: ‘Oh, my God, if there is a civil war or a giant earthquake that cleaves off part of California, we want to be ready.’ ”
    When Marvin Liao, a former Yahoo executive who is now a partner at 500 Startups, a venture-capital firm, considered his preparations, he decided that his caches of water and food were not enough. “What if someone comes and takes this?” he asked me. To protect his wife and daughter, he said, “I don’t have guns, but I have a lot of other weaponry. I took classes in archery.”

    For some, it’s just “brogrammer” entertainment, a kind of real-world sci-fi, with gear; for others, like Huffman, it’s been a concern for years. “Ever since I saw the movie ‘Deep Impact,’ ” he said. The film, released in 1998, depicts a comet striking the Atlantic, and a race to escape the tsunami. “Everybody’s trying to get out, and they’re stuck in traffic. That scene happened to be filmed near my high school. Every time I drove through that stretch of road, I would think, I need to own a motorcycle because everybody else is screwed.”
    Huffman has been a frequent attendee at Burning Man, the annual, clothing-optional festival in the Nevada desert, where artists mingle with moguls. He fell in love with one of its core principles, “radical self-reliance,” which he takes to mean “happy to help others, but not wanting to require others.” (Among survivalists, or “preppers,” as some call themselves, fema, the Federal Emergency Management Agency, stands for “Foolishly Expecting Meaningful Aid.”) Huffman has calculated that, in the event of a disaster, he would seek out some form of community: “Being around other people is a good thing. I also have this somewhat egotistical view that I’m a pretty good leader. I will probably be in charge, or at least not a slave, when push comes to shove.”
    Over the years, Huffman has become increasingly concerned about basic American political stability and the risk of large-scale unrest. He said, “Some sort of institutional collapse, then you just lose shipping—that sort of stuff.” (Prepper blogs call such a scenario W.R.O.L., “without rule of law.”) Huffman has come to believe that contemporary life rests on a fragile consensus. “I think, to some degree, we all collectively take it on faith that our country works, that our currency is valuable, the peaceful transfer of power—that all of these things that we hold dear work because we believe they work. While I do believe they’re quite resilient, and we’ve been through a lot, certainly we’re going to go through a lot more.”
    In building Reddit, a community of thousands of discussion threads, into one of the most frequently visited sites in the world, Huffman has grown aware of the way that technology alters our relations with one another, for better and for worse. He has witnessed how social media can magnify public fear. “It’s easier for people to panic when they’re together,” he said, pointing out that “the Internet has made it easier for people to be together,” yet it also alerts people to emerging risks. Long before the financial crisis became front-page news, early signs appeared in user comments on Reddit. “People were starting to whisper about mortgages. They were worried about student debt. They were worried about debt in general. There was a lot of, ‘This is too good to be true. This doesn’t smell right.’ ” He added, “There’s probably some false positives in there as well, but, in general, I think we’re a pretty good gauge of public sentiment. When we’re talking about a faith-based collapse, you’re going to start to see the chips in the foundation on social media first.”
    Much more at:http://www.newyorker.com/magazine/20...the-super-rich
    Each breath a gift...
    _____________

  4. Link to Post #23
    Finland Avalon Member Wind's Avatar
    Join Date
    25th September 2011
    Location
    A dream called Life
    Age
    33
    Posts
    7,888
    Thanks
    88,306
    Thanked 48,964 times in 7,673 posts

    Default Re: Be prepared: Bankruptcy, Economic Collapse 2017

    Been following these financial collapse predictions for years, one time I used to believe in them.

    Of course it's just a matter of time when it will happen... And in this case The Boy Who Cried Wolf parable could apply.
    "When you've seen beyond yourself, then you may find, peace of mind is waiting there." ~ George Harrison

  5. The Following 2 Users Say Thank You to Wind For This Post:

    Basho (15th July 2017), StandingWave (15th July 2017)

  6. Link to Post #24
    Canada Avalon Member
    Join Date
    4th November 2012
    Posts
    3,020
    Thanks
    5,475
    Thanked 13,120 times in 2,678 posts

    Default Re: Be prepared: Bankruptcy, Economic Collapse 2017

    Wind, me too. And I was right, but my timing was off. I figured there would be a derivative based collapse in the U.S. I started fretting about that in 2001 and was one of the reasons I moved from the States, back to Canada.

    I do feel there is a lot of fear porn about the economy and that the greater issues are desertification, deteriorating electric grid, climate change (whatever the cause). These could lead to economic collapse, as a secondary effect.

    Central bankers are raising rates and fixing their books and that will likely cause a recession, but that is not a collapse.

  7. The Following User Says Thank You to AutumnW For This Post:

    Basho (15th July 2017)

  8. Link to Post #25
    Avalon Member norman's Avatar
    Join Date
    25th March 2010
    Location
    too close to the hot air exhaust
    Age
    68
    Posts
    8,902
    Thanks
    9,946
    Thanked 55,112 times in 8,176 posts

    Default Re: Be prepared: Bankruptcy, Economic Collapse 2017

    There will only be one financial collapse and they are not ready for it yet.

    30 years ago, they probably thought it would be over and done with by now. I think the messy propping up measures we have seen are signs that they didn't expect to have to keep it going this long.
    ..................................................my first language is TYPO..............................................

  9. The Following 3 Users Say Thank You to norman For This Post:

    Basho (15th July 2017), StandingWave (16th July 2017), Wind (15th July 2017)

+ Reply to Thread
Page 2 of 2 FirstFirst 1 2

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts