Financial Meltdown (The World)

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Lichtgestalt
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Re: Financial Meltdown (The World)

Post by Lichtgestalt » 5th Jul, '11, 16:52

Time to face the biggie and let them all go bankrupt. How much is gold at the moment?

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Re: Financial Meltdown (The World)

Post by baloo » 5th Jul, '11, 16:52

I blame the Germans
So…if you wish to wish a wish, you may swish for fish with my Ish wish dish.

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Lichtgestalt
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Re: Financial Meltdown (The World)

Post by Lichtgestalt » 5th Jul, '11, 17:57

baloo wrote:I blame the Germans
We are already paying for them. I suggest that we get a few islands in return for our money

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Re: Financial Meltdown (The World)

Post by Fat Bob » 5th Jul, '11, 18:01

See, the whole reason for the Euro was to get Germany the land it lost/never got in the twentieth century!
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Morrolan
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Re: Financial Meltdown (The World)

Post by Morrolan » 6th Jul, '11, 08:35

there goes Portugal...

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Kooky
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Re: Financial Meltdown (The World)

Post by Kooky » 6th Jul, '11, 16:48

You may have to use a combination of imagination and Google Translate on this, posted on FB by a Greek friend. World gone mad :(

http://do-it-like-pasxos.blogspot.com/2 ... -post.html

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Fat Bob
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Re: Financial Meltdown (The World)

Post by Fat Bob » 6th Jul, '11, 18:52

Nothing was posted on me by a Greek friend.
"Remember that you are an Englishman, and have consequently won first prize in the lottery of life" ...Cecil Rhodes.

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Kooky
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Re: Financial Meltdown (The World)

Post by Kooky » 6th Jul, '11, 20:58

Shame, I think you'd like my Greek friend, she's rather foxy.

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Morrolan
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Re: Financial Meltdown (The World)

Post by Morrolan » 5th Aug, '11, 15:53

well, this has turned into an interesting day.

anyone care to make a prediction what will happen in the US when the market opens today? I'm predicting further sell-offs. Europe has big pain coming with Italy sliding ever closer to the abyss and Spain not far behind.

cash is still king...
Last edited by Morrolan on 5th Aug, '11, 16:44, edited 1 time in total.

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Re: Financial Meltdown (The World)

Post by Mr Oz » 5th Aug, '11, 16:18

Yeap Black Friday 2011 is here.

I can see the stockbrokers perching themselves on the window sills with a crowd of cheering onlookers chanting "Jump you f*ckers!" Only kidding but it is going to be a bloodbath!

BTW Cash is not king! Gold (or any other metal) is king!
I will predict the US Dollar will take a swan dive in the few weeks after the market collapse tho'.
A conspiracy theory is just the truth not yet come to light

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Re: Financial Meltdown (The World)

Post by baloo » 5th Aug, '11, 16:26

I can't friggin believe it ! I have in my hand the letter I meant to fax my broker on Tuesday telling him to sell everything. He's been nagging me about it all week.

Thanks to sick cats and other crap going on, I never got around to it.
So…if you wish to wish a wish, you may swish for fish with my Ish wish dish.

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Morrolan
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Re: Financial Meltdown (The World)

Post by Morrolan » 5th Aug, '11, 16:47

oh no...

i just reread this whole thread, including the part where you and i agreed this could well be a 'dead-cat-bounce'...

interesting how some of the predictions worked out.

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Morrolan
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Re: Financial Meltdown (The World)

Post by Morrolan » 5th Aug, '11, 16:48

there goes Europe...

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Re: Financial Meltdown (The World)

Post by Mr Oz » 5th Aug, '11, 16:54

Warning really bad language...
A conspiracy theory is just the truth not yet come to light

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Re: Financial Meltdown (The World)

Post by T2K » 5th Aug, '11, 17:40

Morrolan wrote:well, this has turned into an interesting day.

anyone care to make a prediction what will happen in the US when the market opens today? I'm predicting further sell-offs. Europe has big pain coming with Italy sliding ever closer to the abyss and Spain not far behind.

cash is still king...
In 2008 it went to the bottom and was back up within a year or two, despite all the dramatic events. There's a lot of money in the US that needs to be invested in something (and it can't all be gold). Unless you're retiring in the next few years, I think it's best to just ride it out.
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Re: Financial Meltdown (The World)

Post by Morrolan » 10th Nov, '11, 09:16

and there goes Italy...

it's like watching two supertankers collide: everyone knows it's going to happen 30 minutes in advance, but the time it takes the vessels to react to the rudder means no one can do anything about it.

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Re: Financial Meltdown (The World)

Post by Lichtgestalt » 10th Nov, '11, 15:15

Morrolan wrote:and there goes Italy...

it's like watching two supertankers collide: everyone knows it's going to happen 30 minutes in advance, but the time it takes the vessels to react to the rudder means no one can do anything about it.
In case of Italy it means that they are going down with a bunga-bunga party. Interesting to see what the governments of Europe will come up with now. Italy is definitely a biggie.
So far they have only been reacting and trying to re-establish the old situation in the financial markets... wondering when they actually will be pro-active and take some tough decisions and form new economic situations

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Re: Financial Meltdown (The World)

Post by Joseph27 » 10th Nov, '11, 18:26

The entire global financial system is broken - or perhaps to be a tad more colorful - its totally fucked. Governments are doing their best to hold onto outdated broken models because there is nothing else.... What interesting times these are
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