Major economic collapse March 2014

nyarlothothep

There have been a number of banker suicides in the past few weeks which may indicate that there is going to be a major crash ahead. At the same time bitcoin's stability has been further undermined, mtgox have prevented withdrawals which could be a measure by vested interests to stop people from buying bitcoin when the crash occurs.

Check this out

https://www.youtube.com/watch?v=5O0m3sUjEFE&list=UU-BBmIY4wdYioCqX-w0-jCA&feature=c4-overview

and this, an article from 2012 predicting the crash to come in 2014.

http://www.washingtontimes.com/news/2012/oct/25/us-economy-on-schedule-to-crash-march-2014/?page=all

Harold Weiss

People have been predicting another financial crisis every year since 2008 and so far they've been wrong every time. There are also predictions for 2015, 2016 ,2017 and 2018. Then there's the US dollar collapse by 2020!

I don't dispute there's a bubble in stocks at the moment because of QE and don't deny there are efforts by the most powerful people in finance to replace US dollar as reserve currency with Yuan or something else but I doubt anyone really knows when another crisis will occur.

Eventually it'll happen but when . . .who knows?
At least for myself, it doesn't help to dwell on it.

Beano

the bitcoin angle on this is way off. Mt Gox were robbed of hundreds of millions of euros worth of bitcoin. that is why they closed. nothing to do with an upcoming collapse.

namloc1980

I predict it's going to rain in Ireland sometime in the next 6 months.

ODuill

Civil services pensions are a major concern for us here as 25 years ago the ratio versus salary to get the pension pot was 1-15, that is 15 times the salary pot to have a 100% pension at salary levels, low interest rates and low ROI are to blame.

Today it is 1-32, which means that on average it is €1.2 million euro per civil servant @ an average salary of €37,500.

That is a total nearing €100 billion that is now needed to fund this pot given there are over 83,000 civil servants in Ireland.

The cash set aside for these pension pots is €0

That is over €22,000 per man, women and child today.

Torakx

Ha! They can add that to the already big pile of bills we can't possibly pay and burn it.
First off I would be lucky to survive past these auterity measures. A pension these days is a massive luxury....
I hope more comfortable voters get stripped of their pensions fast so we can finally rebel against "ourselves" and at least kick one of two of those lads in parliament in the b0llox.

shanered

We can be sure the politicians pensions will be the last to be burned, now there is the conspiracy!

Kiltennel

The number of suicides is proportional to usual population amounts. JP Morgan employs 255,000 and Deutsche Bank employs 100,000 to put things in perspective.

thehippychippy

namloc1980 wrote: »

I predict it's going to rain in Ireland sometime in the next 6 months.

Well, you got that one right. Any chance of the lotto numbers?

Harold Weiss

There's bad news coming out of China about economic growth.
I'm not an economist and don't know really what problem is but China has had boom for many years now and it looks like it might be coming to a halt.



The DJIA also peaked on Jan 31st 2013

FISMA

For the history experts, when did printing money ever end up well? Even more concerning, have we ever seen the likes of QE?

Harold Weiss wrote: »

There's bad news coming out of China about economic growth.

China has just learned that it is easy to make a country rich, far more difficult to keep it rich.

Chinese workers want more money, benefits, and better condtions. So China is now expensive with which to do business. Time to move on to cheaper markets.

Harold Weiss wrote: »

I'm not an economist and don't know really what problem is but China has had boom for many years now and it looks like it might be coming to a halt.

They are there and have been there for a while. Right now, there is more of a concern with a banking crisis reminiscent of 2008 or worse.

Fundamentally, the US banking crisis was never fixed. The fear now is that the banking crisis becomes a far larger financial crisis.

I do not see this as a conspiracy theory at all.