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  • FIRST POST
    • IceTry
    • By IceTry 19th Jun 17, 9:33 PM
    • 23Posts
    • 13Thanks
    IceTry
    What does it mean if the "debt bubble" bursts?
    • #1
    • 19th Jun 17, 9:33 PM
    What does it mean if the "debt bubble" bursts? 19th Jun 17 at 9:33 PM
    Can anyone explain this to me, please?

    I am wondering about this in terms of investments v. cash savings? But am also generally curious. A poster raised this issue in a recent thread.

    Thanks.
Page 3
    • Carrieanne
    • By Carrieanne 12th Aug 18, 4:57 PM
    • 90 Posts
    • 93 Thanks
    Carrieanne
    Events quickened in a big way two days ago when the Argentina peso and Turkish lira hit all-time lows versus the US dollar. It's massively odds-on that the Venezuelan bolivar and Iranian rial achieved similar but it's difficult to get accurate numbers as those countries are understandably coy about releasing data. Five years ago 10 bolivars purchased one US dollar. Today circa four million bolivars buys one US dollar, making that currency effectively worthless.

    Agent Orange in the Whitehouse appears intent on imposing sanctions or tariffs on anything that catches his eye. Whomever's pulling his strings seems to be in a hurry to initiate economic chaos on a global scale.

    Turkey's president has urged citizens to exchange their gold for lira. He ought to consider becoming a comedian.
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