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Economic meltdown.

  1. peterxdunn profile image60
    peterxdunnposted 5 years ago

    Buy gold and silver while you still can. If Italy tries to 'write down' its debt by selling gold to China the price could double over night.

  2. Hollie Thomas profile image60
    Hollie Thomasposted 5 years ago

    Well, we all knew China wanted something for something. I've been buying silver for the last 12 months, on Max Keisers's advice I might add.

    1. peterxdunn profile image60
      peterxdunnposted 5 years ago in reply to this

      Max is most definitely the guy to watch (and lets not forget Stacy either).

      1. Hollie Thomas profile image60
        Hollie Thomasposted 5 years ago in reply to this

        They've predicted so much. I'm still amazed that they have not been murdered! Anyway, a new era now, new un elected leaders will be put in post to ensure "austerity measures" are enforced. After that, we can have the futile, pathetic exercise of the vote.

        1. peterxdunn profile image60
          peterxdunnposted 5 years ago in reply to this

          I've just watched the saturday edition of the Keiser Report. This week's guest was an ex US congressman called Mike Gavel. Remarkably this guy is espousing a version of direct democracy that is very similar to one that I've espoused elsewhere. I'll have to have a closer look at what Mr Gavel has to say. If the democracy movements: Occupy Wall St etc, were to adopt direct democracy as goal then one day voting might become a worthwhile - and not a futile - exercise as it is now.

          By the way, did you know Max also has a show called: 'On the Edge', on Press TV?

          1. Hollie Thomas profile image60
            Hollie Thomasposted 5 years ago in reply to this

            Hi Peter,

            Yes, I watched he edition, too. They really ripped into Osbourne didn't they? When Mike Gavel was talking I was thinking about some of your forum posts and noticed the similarities. I'm hoping this is the direction OWS/OWSLSX and the other worldwide movements take. Sounds like a natural, sensible progression to me.

            I've heard about this but I don't have Sky, just freeview. I imagine it's available on the internet though. I'll have to check it out.

  3. MikeNV profile image77
    MikeNVposted 5 years ago

    Or it could drop and you could lose money. But at least you'll have something in your hand.

    Italy and the Euro will fall.

    It's laughable that the stock market reacts to the politics of economics.

    The reality is NOTHING is being done to reduce debt.  All debt is owed to Banks/Bankers.

    The "solution" is to give more money to people who can not pay their existing debt.

    Anyone who can do basic math can see how this CAN NOT work.

    What it does is shift OWNERSHIP of assets away from the people and in to the hands of the select few who control the money supply.

    Once the Euro collapses they will own everything. A new currency will be created and it will be more of the same.

    Until people stand up and demand that Central Banks are abolished there will be the ruling upper 1% and a world full of Poverty Stricken Debt slaves to support them.

    That is not what I want to see... that is just how it is.

    The "Value" of Gold is no different than the value of Currency, it's worth what it is perceived to be worth.

    1. peterxdunn profile image60
      peterxdunnposted 5 years ago in reply to this

      The price of gold and silver can be manipulated - by increasing margins - as a recent court in America showed. So much for the 'free market'.

      Any economic system where profit is privatised and debt nationalized can not - really - be called a system. The proper legal term for this set-up is - I belive - THEFT. So much for the 'free market'.

      (Just a thought: if 'free' here means steal as much as you want and we wont prosecute you for it - then I guess there is a 'free market' - for the select few that is.)

  4. Cagsil profile image60
    Cagsilposted 5 years ago

    Yes, I am waiting for my prediction to come. It's unfortunate, but only a matter of time.

  5. knolyourself profile image61
    knolyourselfposted 5 years ago

    Free market is crime like illegal drugs. No regulation accept by bribe and violence.

    1. peterxdunn profile image60
      peterxdunnposted 5 years ago in reply to this

      Our 'free market' comes at a very steep price. If we have to commit our soldiers to fight and die in wars: such as the one fought in Iraq, to control the flow of oil then it patently isn't a free market.

 
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