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Rudolf73 said:
Lol I liked Chinas reaction - just close down the stock market and hope its better tomorrow.
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Having recently promised to remove the limit-down/halt provisions I take that as a signal they are about to double down with a big political/macro gesture. Having been wrong before underestimating the levels of BS central planners around the globe would stoop to prop up utterly unsustainable fantasy rather than free markets, I am not sure I should be making any predictions. But what the heck, here goes nothing.

Having just about secured all it's going to get of globally available physical gold, China announces further and significant currency devaluations and is fully prepared to burn through many hundreds of billions more if not into the trillions, of US treasuries propping the **** show up until they depeg and, along with Russia and a few others, start the official move to a gold standard. Western central banks, realising the crowd is rushing uncontrollably towards the exits of their circus act, will do their level best to pin the carnage in their own markets on China rather than their phucking insane can kicking exercise of avoidance since 2008.
 
KiwiBro said:
Having recently promised to remove the limit-down/halt provisions I take that as a signal they are about to double down with a big political/macro gesture. Having been wrong before underestimating the levels of BS central planners around the globe would stoop to prop up utterly unsustainable fantasy rather than free markets, I am not sure I should be making any predictions. But what the heck, here goes nothing.

Having just about secured all it's going to get of globally available physical gold, China announces further and significant currency devaluations and is fully prepared to burn through many hundreds of billions more if not into the trillions, of US treasuries propping the **** show up until they depeg and, along with Russia and a few others, start the official move to a gold standard. Western central banks, realising the crowd is rushing uncontrollably towards the exits of their circus act, will do their level best to pin the carnage in their own markets on China rather than their phucking insane can kicking exercise of avoidance since 2008.
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Well, interesting take.

What is obvious is the world has a vested interest in maintaining the value of the USD. A crash in that would have disastrous consequences for the global economy and China has done all it can to keep it up there with trillions in loans to the US. Some believe this may ultimately result in the US defaulting on its debt and the dollar continuing to be propped up to keep the Tigers and emerging economies ticking along.

I don't see the fall of the Chinese market as a particular catalyst for anything bad, merely a correction reflecting it's own sentiment and GDP. The devaluation of some Asian currencies this past week I see as a far greater problem.
 
WidowMaker_1 said:
One consolation the world just keeps on a turning regardless ,I got no worries I don't own a Rolex
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It will be a great day when the unproductive, parasitic leaches, especially the pyscho/sociopathic wankers amongst them, are finally valued at their true worth, and people who actually produce something or provide worthy services, are also valued at their true worth, while society remembers what basic respect for future generations is all about.

That's a reset we can be proud of.

Until then, the shitshow plumbs new depths of collective delusional Mammon, almost daily.
 
chippy said:
disastrous consequences
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is what theiving central banks have been 'trying to avoid' and only making the consequences far, far worse. They're crushing emerging markets, stealing from future generations in an absolutely breathtaking way and by a scarcely believable amount. And the masses will plead ignorance when the time comes to answer to the next generations, or suffer the now amplified consequences.
chippy said:
Some believe this may ultimately result in the US defaulting on its debt
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Any idea what the USA's unfunded liabilities is looking like? There is no way out of this rabbit hole without a paradigm shift, historic defaults, and a world of hurt for at least one generation (not that I consider our generation has the ability to accept our fate, rather we'll take a wee bit of pain, and shunt the rest onto future generations).
chippy said:
I don't see the fall of the Chinese market as a particular catalyst for anything bad, merely a correction reflecting it's own sentiment and GDP.
Click to expand...
Wait until they are powerless to stop the coming explosion of non-performing loans and strip liquidity out of USA. Even before then, they either persecute anyone pulling yuan out of the country or burn foreign reserves trying to halt the domestic stall/deflationary wave. They would need a miracle move to get out of the corner they are in.
 
KiwiBro said:
is what theiving central banks have been 'trying to avoid' and only making the consequences far, far worse. They're crushing emerging markets, stealing from future generations in an absolutely breathtaking way and by a scarcely believable amount. And the masses will plead ignorance when the time comes to answer to the next generations, or suffer the now amplified consequences.
Any idea what the USA's unfunded liabilities is looking like? There is no way out of this rabbit hole without a paradigm shift, historic defaults, and a world of hurt for at least one generation (not that I consider our generation has the ability to accept our fate, rather we'll take a wee bit of pain, and shunt the rest onto future generations).
Wait until they are powerless to stop the coming explosion of non-performing loans and strip liquidity out of USA. Even before then, they either persecute anyone pulling yuan out of the country or burn foreign reserves trying to halt the domestic stall/deflationary wave. They would need a miracle move to get out of the corner they are in.
Click to expand...

The Chinese won't stop lending to the US. This would result in a drop in the USD equalling global financial disaster.
 
chippy said:
The Chinese won't stop lending to the US. This would result in a drop in the USD equalling global financial disaster.
Click to expand...
There's an inflection point, either by choice or compulsion. They are nearly there, if not already.
 
Best thing about not having a main stream bank is ... no charges ,has no fees ,ain't no plastic debt cards , ain't no lending any money, ain't no interest ...it's the bank I've always been with ... It's the bank under the floorboard.
 
WidowMaker_1 said:
Best thing about not having a main stream bank is ... no charges ,has no fees ,ain't no plastic debt cards , ain't no lending any money, ain't no interest ...it's the bank I've always been with ... It's the bank under the floorboard.
Click to expand...

Do I bring a power saw or chisel to open that bank account?
 
This was stolen in Canberra
Yes my car was stolen from the aria hotel in Dickson last night as you would think i want it back post this to as many people as possible 0401597295 thanks. Rod12510425_970050246407371_7555672136719340612_n.jpg
 
chippy said:
Nice one....looks mint.

You're gunna need another box of tampons ;)
Click to expand...

Save them for a rainy day chipster , the last box you send up are way over sized, even the Mrs thought they were bambillo pillows ....you Mecicans must have big holes lol
 
bennn*e said:
Random thought for the day. Has any one here ran racing saws on E85?
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You may as well ask, "hands up if you're a **** head."

E85 would not be sufficient octane for high compression motors.

Edit, well eff me dead......octane rating of around 105......I was wrong
 

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