hangool79 wrote:NoAngst wrote:Russia Today (RT) is Kremlin mouthpiece, so you need take what they say with a grain of salt. Correct
Anyways, booms and bust cycles are part and parcel of capitalism. Another correction in 2017 will hardly be surprising although I think we're living through a correction that started late 2014, so another one is highly unlikely. We're just not seeing it because the central banks world over are artificially inflating asset prices QE and Zero-Interest Rate policies. Correct
If the prophesized economic collapse in 2017 materializes, the West will fare better. The developing and emerging countries will be the most adversely affected. There will be food riots, famines and political upheavals in places like Somalia, Ethiopia, Kenya, rest of Africa, etc. So, your best bet is to migrate or stay in West. Correct Don't forget to add BRIC/S
Japan has been in economic stagnation since early 1990s and yet it is still premier economic powerhouse.Correct
most rational reply in this thread
rest of you nutters get a grip
Well to put it simply no, just no!
Sometimes the people you think are the "nutters", might be the only sane and intelligent people. I know that is a bit hard to comprehend, but it is the truth in this case.
Do you even understand why industry is moving from western countries to eastern countries? Or why inflation has increased despite a slow down in economic output and industrial growth globally? Or why salaries have decreased despite higher living costs (it's called stagflation)?
Do you understand how fiat currency is based on debt, and that the debt will never go away, ever, but will only get bigger? This debt is crippling everyone and everything in its path.
Can you comprehend how this artificially constructed and malicious economic system has robbed and is robbing the planet of it's natural resources, creating a population explosion along with unprecedented poverty? Currently we have mass extinction events taking place within the insect population which will lead to inevitable problems with pollination and hence global food supply.
Now once you get a healthy understanding of how this is a vicious cycle, come back then and accuse people that they are "nutters". Until then, do not come with lame arguments masked with big words like the one presented above whom you think is "the most rational in this thread" (laughable
)
we have to babysit them ever since WW2
