Cyprus: the plot thickens
And remember, it CAN happen here. Especially if you stick your head in the sand and say "It can't happen here."
The Replica Prop Forum
Very cool site I am also a member of
Showing posts with label Financial Collapse. Show all posts
Showing posts with label Financial Collapse. Show all posts
Thursday, April 11, 2013
Cyprus Fiscal meltdown
Peter has yet more you need to read.
And remember, it CAN happen here. Especially if you stick your head in the sand and say "It can't happen here."
And remember, it CAN happen here. Especially if you stick your head in the sand and say "It can't happen here."
Monday, February 4, 2013
Our Economic future
in this country is about to run into something. You need to read what Peter has posted, check out the links for yourself. Don't take my or Peter's word for what is going on. And quit listening to the talking heads who keep saying nothing is wrong. Do you own research.
"The difference between the liabilities and the assets of the US Government, as projected by the Congressional Budget Office, is now $222 trillion ... That's the fiscal gap ... Last year was $211 trillion, so it grew by $11 trillion in one year ... That's 12% of GDP (Gross Domestic Product) going forward ... For Greece, the comparable number is not 12% of GDP, but 10%. For Germany it's 5% of GDP. For Italy it's 5%. For Canada it's close to 0%. So, we are actually in worse fiscal shape than any developed country at this point, and we are hiding all the problems under the rug. We're using this faulty, false accounting, we're using accounting that would make Bernie Madoff blush, and Congress has accumulated all these liabilities off the books, and they're called Social Security, Medicare, Medicaid, defense spending."
Once again, do your own research. I'm not asking you to take my word for anything.
"The difference between the liabilities and the assets of the US Government, as projected by the Congressional Budget Office, is now $222 trillion ... That's the fiscal gap ... Last year was $211 trillion, so it grew by $11 trillion in one year ... That's 12% of GDP (Gross Domestic Product) going forward ... For Greece, the comparable number is not 12% of GDP, but 10%. For Germany it's 5% of GDP. For Italy it's 5%. For Canada it's close to 0%. So, we are actually in worse fiscal shape than any developed country at this point, and we are hiding all the problems under the rug. We're using this faulty, false accounting, we're using accounting that would make Bernie Madoff blush, and Congress has accumulated all these liabilities off the books, and they're called Social Security, Medicare, Medicaid, defense spending."
Once again, do your own research. I'm not asking you to take my word for anything.
Friday, September 7, 2012
The Mother of All Debt Bombs in China?
"From the beginning of 2009 to the end of June this year, Chinese banks have issued roughly 35 trillion yuan ($5.4 trillion) in new loans, equal to 73 percent of China's GDP in 2011. About two-thirds of these loans were made in 2009 and 2010, as part of Beijing's stimulus package. "
This could be THE tipping point for the collapse. Many may think I'm calling wolf, but can we really tell? Don't be the person who goes door to door tryingt o find food fore your family. Make your preparations, have at LEAST 2 weeks worth of food in your house, home, apartment whatever, try to have a few days to a week worth of water. If you take medicines for chronic health needs contact your physician and try to get a couple extra weeks of your meds NOW before the cots and availability go beyond your reach.
H/t Insty
This could be THE tipping point for the collapse. Many may think I'm calling wolf, but can we really tell? Don't be the person who goes door to door tryingt o find food fore your family. Make your preparations, have at LEAST 2 weeks worth of food in your house, home, apartment whatever, try to have a few days to a week worth of water. If you take medicines for chronic health needs contact your physician and try to get a couple extra weeks of your meds NOW before the cots and availability go beyond your reach.
H/t Insty
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