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Wattie

Wattie

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8,640
Still in denial about what’s going on?
Read and watch this.

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
 
rockits

rockits

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9,178
Agreed. Trouble is the people that have a chance to change this gravy train merry-go-round BS are mostly the very same people that benefit the most from the inadequacies and failings of this flawed BS system. Therefore it will never change. As long as it is allowed to happen it will do and what can we do to change it? Very little.

As long as idiots like Trump exist in the positions they do it is never going to change.
 
Wattie

Wattie

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UlstermanAbroad said:
Its deja-vu, all over again ;)

View attachment 66053
Click to expand...
I really hope that those responsible for this “fakery” are finally held accountable.
Central Bankers and investment bankers need to be jailed and power removed.

We need a sound money system where countries and individuals live within their means.

Be prepared for restrictions on deposit withdrawals/access to cash when this all goes wrong from your bank.

Ps Ulsterman, welcome to the Goldi-nolocks and the 3 Bears club. You are officially in as the third bear.
 
rivarama

rivarama

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1,102
I have lost the equivalent on 2 stradale over the past week w the market correction... but for some reason, I really don’t mind at all... Being very liquid now, I see that as a great opportunity for the market to cool off and for me to buy on the cheap as the trashing continues over the next few days/weeks.

I always loved bargain hunting :)
 
Wattie

Wattie

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8,640
rivarama said:
I have lost the equivalent on 2 stradale over the past week w the market correction... but for some reason, I really don’t mind at all... Being very liquid now, I see that as a great opportunity for the market to cool off and for me to buy on the cheap as the trashing continues over the next few days/weeks.

I always loved bargain hunting :)
Click to expand...
That’s a lot to have lost.....no stops?

I prefer bargain hunting without having lost a sh1tload first.
 
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UlstermanAbroad

UlstermanAbroad

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1,687
Wattie said:
I really hope that those responsible for this “fakery” are finally held accountable.
Central Bankers and investment bankers need to be jailed and power removed.

We need a sound money system where countries and individuals live within their means.

Be prepared for restrictions on deposit withdrawals/access to cash when this all goes wrong from your bank.

Ps Ulsterman, welcome to the Goldi-nolocks and the 3 Bears club. You are officially in as the third bear.
Click to expand...

Its Mike, matey :) I literally laughed out loud at that one.
 
rockits

rockits

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9,178
Wattie said:
I really hope that those responsible for this “fakery” are finally held accountable.
Central Bankers and investment bankers need to be jailed and power removed.
Click to expand...

Don't get me wrong....I would love to see this scenario play out. I just don't see it happening until it is too late.

How many people were prosecuted after the Lehman Brothers's sh1tstorm? One......one! How many were guilty of crimes during that debacle? Hundreds maybe thousands....maybe more.

The merry band of brothers will stick together unless the whole lot comes tumbling down. I just don't see it happening or it would have happened already. Just more cyclical repeats and increased volatility. The market is so volatile but that is the nectar the markets crave. Make on the up.....make on the down. Create massive volatility and spikes to trigger all the stops.

It truly is the perfect storm.....and we continue to let it happen. The markets used to trade on lots of sound fundamentals and business did too. Not any more......it doesn't mean jack. Companies not worth a penny are worth billions and on the flip side decent genuine businesses are bought up for a song, forced mergers/acquisitions or put out of business.

It all sucks.

They need to redefine the definitions of some words in the English Oxford Dictionary. Fundamentals being one.

How the **** can they sit there and let this happen again and again and again. Each time inflating the bubble further putting more pressure on making sure the now enormous thing doesn't blow.

It is like telling lies....which I tell our kids never to do as it always gets found out in the end. The lies get bigger.....harder....and so big that in the end it is completely untenable. I am not sure where we are at the moment but the house of cards seems upside down to me. That is one big sh1tstorm
 
Wattie

Wattie

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8,640
rockits said:
Don't get me wrong....I would love to see this scenario play out. I just don't see it happening until it is too late.








How many people were prosecuted after the Lehman Brothers's sh1tstorm? One......one! How many were guilty of crimes during that debacle? Hundreds maybe thousands....maybe more.

The merry band of brothers will stick together unless the whole lot comes tumbling down. I just don't see it happening or it would have happened already. Just more cyclical repeats and increased volatility. The market is so volatile but that is the nectar the markets crave. Make on the up.....make on the down. Create massive volatility and spikes to trigger all the stops.

It truly is the perfect storm.....and we continue to let it happen. The markets used to trade on lots of sound fundamentals and business did too. Not any more......it doesn't mean jack. Companies not worth a penny are worth billions and on the flip side decent genuine businesses are bought up for a song, forced mergers/acquisitions or put out of business.

It all sucks.

They need to redefine the definitions of some words in the English Oxford Dictionary. Fundamentals being one.

How the **** can they sit there and let this happen again and again and again. Each time inflating the bubble further putting more pressure on making sure the now enormous thing doesn't blow.

It is like telling lies....which I tell our kids never to do as it always gets found out in the end. The lies get bigger.....harder....and so big that in the end it is completely untenable. I am not sure where we are at the moment but the house of cards seems upside down to me. That is one big sh1tstorm
Click to expand...

Here’s how it’s playing out.
Band or life jacket......

 
rockits

rockits

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9,178
LOL.....that is indeed what could and should happen of course. Will it? I doubt it

When something is too big to fail I thought it could always fail. Now....I'm not so sure.

Some seem to believe that if you believe hard enough a lie becomes the truth. Some don't even know what the truth is. Some don't even know the difference between right and wrong. Or what is right and what is wrong. Then where does that leave it all?

Harvey Weinstein still doesn't seem to think he has done anything wrong. Even if he gets convicted and goes to jail he still will think and believe he has done wrong. Some of the people that have been instrumental in creating and supporting this fallacy probably think the same. Even worse some will think and know it is wrong......but still couldn't care regardless.
 
Wattie

Wattie

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8,640
rockits said:
LOL.....that is indeed what could and should happen of course. Will it? I doubt it

When something is too big to fail I thought it could always fail. Now....I'm not so sure.

Some seem to believe that if you believe hard enough a lie becomes the truth. Some don't even know what the truth is. Some don't even know the difference between right and wrong. Or what is right and what is wrong. Then where does that leave it all?

Harvey Weinstein still doesn't seem to think he has done anything wrong. Even if he gets convicted and goes to jail he still will think and believe he has done wrong. Some of the people that have been instrumental in creating and supporting this fallacy probably think the same. Even worse some will think and know it is wrong......but still couldn't care regardless.
Click to expand...
It’s entirely possible that Central Banks and Stock exchanges Golbally will co-ordinate and cease all trading worldwide.

I’m almost certain that “ Shorting “ will be banned soon. Shares are plummeting (they’re only allowed to go up in a Ponzi scheme) and with markets previously massively overvalued the falls could be monumental! Profiting from such will be stopped.

An action of this type would confirm the desperation of the world situation.....banks would in likelihood have limited access to deposits by then.

Trouble is, if they do that - when markets ever re-open there will be one almighty run for the exits as the world will be a very different place.
 
dgmx5

dgmx5

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1,142
It's alright guys, I have taken my money out of the markets so in line with Gethin's Law on Timing the markets will probably have a 10% bounce back today.
 
Wattie

Wattie

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dgmx5 said:
It's alright guys, I have taken my money out of the markets so in line with Gethin's Law on Timing the markets will probably have a 10% bounce back today.
Click to expand...
Absolutely no chance, losses could exceed yesterday. No-one will wanna be holding the baby over the weekend......exit exit.
Monday’s news will be atrocious.
 
dgmx5

dgmx5

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1,142
@Wattie, so would you invest in miners rights now or just in physical gold? Will the miners be dragged down by everyone else?

Diversifying risk, would you consider other commodities alongside gold? Silver, palladium, platinum, lithium? The latter I guess will also be affected because if things are going to be as bad as you predict, demand for new electric cars and mobile phones will suffer and with it the demand for the metals that will be powering the next generation (not that there is sufficient resources to do so and will make oil look a sustainable option in comparison).

Been some great suggestions on here although some are taking a battering right now - I guess ESL is a long now after yesterday.
 
Wattie

Wattie

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8,640
dgmx5 said:
@Wattie, so would you invest in miners rights now or just in physical gold? Will the miners be dragged down by everyone else?

Diversifying risk, would you consider other commodities alongside gold? Silver, palladium, platinum, lithium? The latter I guess will also be affected because if things are going to be as bad as you predict, demand for new electric cars and mobile phones will suffer and with it the demand for the metals that will be powering the next generation (not that there is sufficient resources to do so and will make oil look a sustainable option in comparison).

Been some great suggestions on here although some are taking a battering right now - I guess ESL is a long now after yesterday.
Click to expand...
Personally I’m wealth preservation.
Physical gold first then miners to turbocharge profits with stop losses in place.
I’m not playing miners at the mo, when gold momentum builds pile into miners.

ive had silver for years so am holding

Physical Gold, nothing else for now as other metals are used in manufacturing and that will be battered for months.

Hope this helps
Pm or post if U ever wanna viewpoint.
 
Wattie

Wattie

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8,640
Want more proof everything is in big trouble.

US bond rates.66072

If you lend the Us money for a month it’ll pay you 1.56%.

Why would you then lend the Us money from 2 months -10years for less?

Would you lend America money for 20 years for 0.05% more or 30years for 0.23% than you could earn for lending it for a month?

Fake, Manipulated, Ponzi.
 
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