The world debt crises!!!

[Sly21C]

The following video briefly explains how wealth is created and how this is leading to the eventual collapse of the world's financial systems, economies and governments.

So it's no longer a matter of if, but a matter of when unsustainable debt to GDP bubble will pop and bring about mayhem for people around the world, leading to worthless savings, pensions, etc.

[video=youtube_share;Kz6xG2YtyyE]http://youtu.be/Kz6xG2YtyyE[/video]

 

[antowan]

Interesting from an 18 year old. A bit simplistic though...

 

[2026]

That was quite enjoyable

So the trillion dollar question, what's the best thing to do as an individual to weather this coming storm?

 

[buyeye]

The answer is that the Rothchilds and the Rockefellas will be worth whatever a thousand trillion dollars is called after the collapse/recession/depression.

The Individual will still be a slave to whatever financial system they replace this one with as we are slaves to this one.

But there is hope , just look at my sig.

 

[zippy]

If the world debt has risen, then so has investment, because the opposite side of the debt is someone with cash lending it.

Since the worlds population is increasing this is expected.

Increase in debt in itself is not a problem. What is a problem is when the debt is increasing in economies which are unlikely to pay it back. So you need to rather look at where the debt is increasing.

Unless we are being funded by aliens.

 

[Necuno]

oh dear

 

[chrisc]

There are many wealth conservation commodities around that will not be affected by any meltdown. The most obvious are gold and diamonds. There is no artificial value on these. Likewise, the intrinsic value of business like Harmony Gold, Old Mutual, Mittal Steel will not disappear if currency vanishes or becomes worthless. The assets are still there. What will become worthless is your money in the bank, shares in leveraged companies.

The worst part iis that this can happen swiftly. A trigger might be a Greece/Italy/Spain/Portugal/France default. Values can plummet from 100% to 0% in a matter of days

 

[Elimentals]

There are many wealth conservation commodities around that will not be affected by any meltdown. The most obvious are gold and diamonds. There is no artificial value on these. Likewise, the intrinsic value of business like Harmony Gold, Old Mutual, Mittal Steel will not disappear if currency vanishes or becomes worthless. The assets are still there. What will become worthless is your money in the bank, shares in leveraged companies.

The worst part iis that this can happen swiftly. A trigger might be a Greece/Italy/Spain/Portugal/France default. Values can plummet from 100% to 0% in a matter of days

Erm you sure about that?

Diamonds is the worst thing ever when it comes to artificially inflated pricing. Just ask de Beers.

Check out http://www.wisebread.com/the-greatest-story-ever-sold-is-a-fantasy-covered-in-blood also if you Google it you will find more.

Edit: Found a better source to teach yout about diamond inflation http://www.theatlantic.com/magazine/archive/1982/02/have-you-ever-tried-to-sell-a-diamond/4575/