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Thread: global financial crash yay!

  1. #1291
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    Now I want to see the cardboard furniture...

  2. #1292

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    Quote Originally Posted by PeteUM View Post
    Now I want to see the cardboard furniture...
    Not got much to show for myself on that front yet unfortunately. This is what i'm building at the moment;




    Sorry for the derailment - relative to the global financial crash - I've been reading this presentation

    http://www.zerohedge.com/news/big-re...sentation-ever

    do any of you think that this is likely to happen anytime soon? Or is this apocalyptic scenario the preserve of the loons and survivalists, unfathomable for the masses? The guy who wrote it apparently was a respected banker, i know they got most of this crisis wrong, but is he just gassing off?

    Also - Paul Krugman's lecture on the falacies of austerity economics in times of global depression is well worth a listen. I thought he was good on newsnight the other night, but this lecture fleshes out the economic theory a bit more convincingly for the laypeople like myself

    http://www2.lse.ac.uk/newsAndMedia/v...r.aspx?id=1494

  3. #1293
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    Thanks for the Krugman lecture - there's a few pdfs of his books up online too, good reading

  4. #1294

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    EU youth unemployment:

    Greece 53%,
    Spain 52%,
    Portugal 37%,
    Italy 36%,
    Ireland 27%,
    France 22%,
    UK 22%
    EU27: 23%.

  5. #1295
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    I guess Spain is going down as well. Thinks are looking far from bright.

  6. #1296

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    Edward Conard, Why Everything You've Been Told About The Economy Is Wrong.

    Former managing director at Bain Capital, from 1993 until 2007, arguing that risk takers need even more remuneration.

    http://t.co/nXFa8yDU

    How does this narrative still hold any purchase amongst the population? Are we really supposed to think that most people are secretly crossing their fingers hoping to one day be in these positions of financial power, or that they really dont care they're savings are being gambled with?

    What happened to enhanced regulation, or structural reform of the financial services sector? Isn't it ludicrous that casino banking is still running the world 4 years on from 2008?

  7. #1297
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    http://blogs.reuters.com/anatole-kaletsky/ advocates “Quantitative Easing for the People” = giving us 6000 per person per year instead of giving it to the banks, that's 500 per month - i definitely like the sound of that

  8. #1298
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    we're all doomed!!

  9. #1299
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    Please collapse faster. I just wanna get over with it.

  10. #1300
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    Quote Originally Posted by nomadologist View Post
    no, Crackerdickhead

  11. #1301
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    Thumbs down

    apologies if i missed this version of this debt jubilee narrative in this very long thread. - i know it’s very simple, but so am i.

    once upon a time the system was trying to juggle a rubber ball and a faberge egg. the system didn’t want to drop either of them because things were going along very nicely. The problem was that although the rubber ball always bounced back after being crashed, no one knew what would happen if you dropped the faberge egg. So they continued juggling in the knowledge that probably if they dropped both the balls they could probably get science to fix the cracked egg, even if it meant by then the holocost of the ‘other’ half of the planet. But some naughty people decided to try and get popular and teach people what the original definition of charity is. They knew that because of the instability of the derivative market, you could tickle the system to drop just the rubber ball. They did this by persuading a small group (with popular support) too individually send letters of intent to default on thier morgages simultaneously, informing the creditors to collect the money from the government... because they intended to send their repayments there to pay for looking after the faberge egg. luckily because china has just taken out the largest loan ever, it would impact not just europe and the states but the whole world. and they all lived happilyish ever after.
    Last edited by ome; 12-05-2019 at 07:33 AM.

  12. #1302
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    No idea what you're getting at.

  13. #1303
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    Quote Originally Posted by luka View Post
    No idea what you're getting at.
    ok this person has got better comms. i’m far too fluid to make sense in the concrete way.


    old vids from people on the recent london movement make reference to this. joining the dots.
    Last edited by ome; 12-05-2019 at 01:09 PM.

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