Will we see a worse financial crisis than 2007 in the next few years?

antrobus

MARTYM8` wrote: »

Who can say - the fundamental problems that caused the 2008 crisis were never really addressed i.e. too much debt. And now we have more of that.

But if the whole money printing ponzi scheme does go under it will probably be when we least expect it.

We're certainly don't have a " money printing ponzi scheme" in the UK. The money supply is shrinking.:)

cns06

Whilst we may not see another recession the problem is on a more local level. Its an attitude thing and I think a lot more people are putting money away vs investing or just spending. IIRC premium bonds have grown 10 fold (?) in the last 5 years. Ok the limits go up - but it shows people are saving more. £50k limit now. That's money that would perhaps previously been spent. How many parents are now helping their kids with deposits or even buying them the entire house?!

TickersPlaysPop

The debt money system needs to die, the banks and corporations have too much control.

When the China bubble bursts and there is civil unrest leading to the state taking unacceptable measures to contain the uprising it might help us to move away from the current broken system.

The debt disease that popped in the western world in 2008 just moved to China, where they have taken it to another league of craziness.

It makes me sick to see so much media attention over FIFA when we should be looking with as much interest and scrutiny at the world banking systems. The only small step has been in Iceland where they have jail a handful of bankers.

If there are not laws in place to jail the bankers for what they did that created the crash, then we should be putting them in place now!

But the media continues to understate this topic, and the protests that are taking place in London against austerity.

cells

TickersPlaysPop wrote: »

The debt money system needs to die, the banks and corporations have too much control.

When the China bubble bursts and there is civil unrest leading to the state taking unacceptable measures to contain the uprising it might help us to move away from the current broken system.

The debt disease that popped in the western world in 2008 just moved to China, where they have taken it to another league of craziness.

It makes me sick to see so much media attention over FIFA when we should be looking with as much interest and scrutiny at the world banking systems. The only small step has been in Iceland where they have jail a handful of bankers.

If there are not laws in place to jail the bankers for what they did that created the crash, then we should be putting them in place now!

But the media continues to understate this topic, and the protests that are taking place in London against austerity.

How many you tube cartoons did you watch to come to that conclusion

padington

TickersPlaysPop wrote: »

The debt money system needs to die, the banks and corporations have too much control.

When the China bubble bursts and there is civil unrest leading to the state taking unacceptable measures to contain the uprising it might help us to move away from the current broken system.

The debt disease that popped in the western world in 2008 just moved to China, where they have taken it to another league of craziness.

It makes me sick to see so much media attention over FIFA when we should be looking with as much interest and scrutiny at the world banking systems. The only small step has been in Iceland where they have jail a handful of bankers.

If there are not laws in place to jail the bankers for what they did that created the crash, then we should be putting them in place now!

But the media continues to understate this topic, and the protests that are taking place in London against austerity.

Look at it another way. The fractional reserve system can be a brilliant form of taxation on the rich. It means even if they're hiding their pounds in secret bank accounts you can create more money and effectively tax their money regardless of where they hid it. It's an ingenious system which has been responsible for ensuring that people don't just go hungry and die like which can happen when gold is the prevailing currency and the rich don't want to share it.

It possibly explains why every single country in the world decided it's the best currency 'technology' to use as their main currency system.

antrobus

TickersPlaysPop wrote: »

....But the media continues to understate this topic, and the protests that are taking place in London against austerity.

Just a reminder;

TickersPlaysPop wrote: »

I had to make sure this appeared on this forum:

http://www.theguardian.com/society/2015/jan/23/housing-march-lack-affordable-homes-london

One web site marketing Lomdon flats abroad had to be taken down due to a Twitter storm....

"Houses for Homes NOT Profit"

As I predicted the people are standing up.... it's a western spring!

The people stood up and voted Conservative.:)

MARTYM8`

antrobus wrote: »

We're certainly don't have a " money printing ponzi scheme" in the UK. The money supply is shrinking.:)

And you think the UK drives the world economy - China, the US and possibly the Eurozone will determine the future. If they go down they will take us down with them - because the world financial system is so closely interlinked now.

Our government did of course promote QE and funding for lending - which drove hundreds of billions into the financial sector which then went into driving up asset prices. Its hardly surprising that after that huge hit of methadone the heroin addict goes cold turkey for a bit - because that is in effect the parallel for the policies of the last 7 years.

You have to keep feeding the methadone - as if you stop it all gets very unpleasant.

MARTYM8`

antrobus wrote: »

Just a reminder;



The people stood up and voted Conservative.:)

Well 37% voted Tory - 63% voted for someone else.

So while the Tories have a majority in parliament - nearly two thirds of those who voted (and more than 75% of all eligible voters) didn't vote for them. So its quite possible that most people will be unhappy at events - as the vast majority of people didn't vote for the current government.

ging84

michaels wrote: »

Like Switzerland but with fewer mountains and Norway but more daylight and the US but with fewer crusading prosecutors?

Should have gone with fewer guns

antrobus

MARTYM8` wrote: »

And you think the UK drives the world economy .....

Nothing I said suggests that at all. I was simply pointing out, that as a matter of fact, that the money supply is currently shrinking in the UK.

MARTYM8` wrote: »

Well 37% voted Tory - 63% voted for someone else......

More to the point would be that approximately 100% of them did not vote for TickersPaysPop Popular Revolutionary Front.:)