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Anyone prepping for the next financial crisis?


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2017 Dec 19, 7:02pm   11,725 views  48 comments

by Peter P   ➕follow (2)   💰tip   ignore  

#politics #collapse

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41   Shaman   2017 Dec 20, 3:00pm  

mell says
The hotter the girl, the more expensive. Basic economic function.


My wife’s hot and she contributes a nice income. Not sure if she’s expensive, but I’d definitely say she’s a bit of a unicorn. Most hot girls don’t get and education or if they do, they don’t study anything useful.
42   anonymous   2017 Dec 20, 3:48pm  

Quigley says
mell says
The hotter the girl, the more expensive. Basic economic function.


My wife’s hot and she contributes a nice income.


Then what's wrong with her? Why did she merry you?
43   Patrick   2017 Dec 20, 9:03pm  

Quigley says
it seems to me that the last hyperinflation was the biggest giveaway to the middle classes of any in the 20th century.
When money loses 3/4 it’s value in ten years, a lot of debt vehicles lose their grip on the people.


Yes, as long as salaries surge to keep pace, then fixed mortgage debt really falls in value with inflation.

I feel fairly well set up for inflation since stocks generally ride out inflation pretty well. Prices for goods rise, so corporate earnings rise, so stocks rise.
44   Patrick   2017 Dec 20, 9:04pm  

lostand confused says
if you can hire a chinese worker , no rules, work 7 days a week, stays in dorm attached to the fatcory and only goes home twice a year-why would you hire an American worker with all rules, regulations, unemployment, lawsuits etc etc.


This is why globalization is a disaster for ordinary working people.
45   Peter P   2017 Dec 21, 12:54pm  

Patrick says
This is why globalization is a disaster for ordinary working people.


But they are all globalists, just different flavors.
46   Peter P   2017 Dec 21, 12:56pm  

Quigley says
Have you considered that in the current economic climate, hyperinflation might be exactly the thing we need to escape the coming debt crisis?


Hyperinflation is usually caused by a complete loss of faith in the currency. It will be tough for everyone without productive real assets.
47   Patrick   2017 Dec 21, 7:42pm  

Peter P says
Patrick says
This is why globalization is a disaster for ordinary working people.


But they are all globalists, just different flavors.


What do you mean? That working people are also globalists because they benefit from cheap foreign consumer goods which destroy their own jobs?
48   Peter P   2017 Dec 21, 10:09pm  

Patrick says
What do you mean? That working people are also globalists because they benefit from cheap foreign consumer goods which destroy their own jobs?


Both candidates were globalists, just different kind.

That said, I am quite happy that Trump won.

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