Apocalypse Soon
 

For us ordinary mortals, this issue matters little, we just go about our daily lives and leave such matters to Governments. OK, what else can we do ? But it does affect the destiny of us all.

This out of control astronomic financial disaster, which is growing every second of each day, is predicted by the worlds financial experts to result in a world monetary collapse in the very near future. If and when that happens, civilisation as we know it today will be devastated.

It is not funny money, it is very real indeed.

Posted just for general interest and comments.

See :-
http://www.nationaldebtclocks.org/

Re: Apocalypse Soon
 

Happy Mothers' Day to you too.......

Re: Apocalypse Soon
 

my finances have never been so good what is this problem of which you speak .

Re: Apocalypse Soon
 

We can always go back to barter.

Re: Apocalypse Soon
 

My own finances are wonderful as well, no money worries whatsoever, but in case you missed the point, the problem of which I speak is a very serious national and world problem which affects your destiny as well as mine..

I am afraid that both our financial comforts will disappear like a puff of smoke if a world monetary collapse occurs and that is beyond our control.

Re: Apocalypse Soon
 

I do wonder how real these figures are or if there's a lot of double, treble or greater counting going on.

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As mere sceptical individuals we all do that, but in actual fact the figures are very real indeed.

IF the experts are correct and this escalation of debt goes on regardless, then eventually the monetary system will collapse and our money will become worthless. People will lose everything.

An example is the German hyperinflation of the 1920`s, where a loaf of bread cost 200,000 million Marks in November 1923. A dozen eggs cost 4 Billion Marks. Money became worthless. I hope that sounds real, because it is fact.

Re: Apocalypse Soon
 

Context is all.....

http://en.m.wikipedia.org/wiki/Hyper...eimar_Republic

Re: Apocalypse Soon
 

Fine link Hugh, but it alters nothing, just substantiates the imminent doom we all have in front of us.

Re: Apocalypse Soon
 

but this imminent doom only seems to be bothering you, cheer up it may never happen .

If life seems jolly rotten
There's something you've forgotten
And that's to laugh and smile and dance and sing
When you're feeling in the dumps
Don't be silly chumps
Just purse your lips and whistle
- that's the thing.
And...always look on the bright
side of life...
(Whistle)

Come on.

Always look on the right side
of life...

Re: Apocalypse Soon
 

Sorry, where is the recent war with reparations to the winning side needing to be paid for, which was the basis for the whole debacle....

Re: Apocalypse Soon
 

Now look papa smurf, if you think you are not involved, then you are living in Cloud Cuckoo Land - we are all involved, it is a world issue that we all ignore. If world leaders are worried about it, then surely we should show an interest.

It is not Wittmann`s fault, I am not setting myself up as an Aunt Sally in a coconut shy, I am simply posting an issue that should be of interest to all of us.

To infer that it is only me that is concerned about the rocketing national debt of countries, is an unbelievable attitude to adopt.

Re: Apocalypse Soon
 

'Big Oil' will never let it happen, because who would they sell the oil to and what would be the point of their friends in the arms industry if there was nobody worth fighting with to get control of more oil. Now when the oil runs out all bets will be off...

Cheers

Grim

Re: Apocalypse Soon
 

no i live in cleethorpes -and i'm a glass half full type not a glass half empty type your obviously an i have no glass type :)

Re: Apocalypse Soon
 

I'm an engineer: The glass is twice the size it needs to be.:D

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I also am an engineer, but you have both blown my fuse, I haven't a clue what you are talking about.

Re: Apocalypse Soon
 

i am also an engineer -i recon if we get our heads together we can bodge this problem up in good time to save the world :)

Re: Apocalypse Soon
 

How about SWAG Scientific Wild Arsed Guess

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your in the team :tu:

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Glass half full, glass half empty. ;)

Backed by a completely plausible theory.:D

Re: Apocalypse Soon
 

yes lets get the global warming mob involved :):):)

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We had a thread on this a few years ago claiming the world's finances would collapse in 2013. It was BS then and is the same this time.

Re: Apocalypse Soon
 

I am totally discomknockerated in amazement, but I guess it will not matter much when the world goes into financial meltdown.

Re: Apocalypse Soon
 

Here it is http://www.cableforum.co.uk/board/20...by-2014-a.html

Re: Apocalypse Soon
 

OK Russ, 2014 has come and gone, it is no reason to joke, but the next few years have still to come.

Monetary collapse cannot be accurately predicted or scheduled, it is something that will occur as a result of collective International debts causing a worldwide financial meltdown. Could happen at any time. The staggering ever increasing debts cannot go on forever, it will reach a point of no return, when the worlds banks go bust. Who knows ? Perhaps in 5-10 years or even sooner.

then I am afraid Russ, it will be back to the Stone Age for all of us.

Re: Apocalypse Soon
 

The point I'm making is I'm very sceptical of any predictions of impending doom especially when previous attempts pass without a whimper.

If it's going to happen it's going to happen. And nothing we can do here will stop it.

Re: Apocalypse Soon
 

Fair comment.

It is one of those unpredictable certainties. Just like vital mineral and oil reserves will definitely run out, so will financial reserves. In the meantime we all carry on regardless in Gung-Ho fashion and continue enjoy watching Corrie on the box. No other choice really. It is a matter of qué será será.

Re: Apocalypse Soon
 

What I find hard to understand is the fact that each country owes other counties huge amounts, but in turn those countries owe just as much back.
If all countries balanced the books by cancelling equivalent debts then interest would not need to be paid and all would be well. (mostly)

Then again that would mean the banks get nowt and we can't have that can we :erm::rolleyes:

in 2010 we owed the US 578 bn Euro they owed us 834 bn

I know this is very simplistic, but you get the idea.

Re: Apocalypse Soon
 

I don't think we have to bring common sense into the discussion it totally ruins a good argument.

Re: Apocalypse Soon
 

I'd ask anyone who seriously believes we're on the brink of financial meltdown what, if anything, they've done (or are planning to do) to mitigate the effects.

Re: Apocalypse Soon
 

Moan about it on the internet?

Re: Apocalypse Soon
 

The logical thing to do would be to elect a Government that will manage a beautiful deleveraging. In my experience, Conservative Governments over the years may have no heart but they know how to manage money because it is their raison d'etre and there is a right time and a right place for everything.

At some point we'll need global financial management and I hope I'm not around when that particular beast raises its ugly head.

Re: Apocalypse Soon
 

Hi Russ,

Best spend what you have plus borrow a big fat sum and spend that. You can`t pay it back once the balloon goes POP and paper money is used for toilet paper. The trick is judging the time scale.

The UK now owe almost £1.7 Trillion and rising as you watch the clock. Its gotta blow a fuse in the next few years.

Re: Apocalypse Soon
 

Who do we owe it to?

I wonder if they'll let us play double or quits?

Re: Apocalypse Soon
 

That is the comedy of it all. Everybody owes everybody else and nobody pays it back, they just keep on borrowing from the banks in some crazy financial Banzai charge to disaster.

Re: Apocalypse Soon
 

At what point do you think the pop will happen? Everyone owes trillions. Will is pop once we reach gazillions?

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Simple solution then; have a world government and it can then cancel all the debts that it owes to itself.

Or everyone converts to Islam and then you don't have to pay any interest.

Simples

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Just get the green party elected they will solve a world crisis

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I'm in an AI construct, there is no glass.

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https://www.cableforum.co.uk/images/...2015/03/19.gif

ROFL

Re: Apocalypse Soon
 

Instead of interest you pay sky high fees to sharia banks iirc, seems usury is a very highly defined ideal

Re: Apocalypse Soon
 

Unfortunately, our current financial system allows a bank to claim the money it is owed as a form of asset, as it is (in theory) a guaranteed income stream from interest and capital repayments. In 2008, it was the realisation that a massive pile of sub-prime mortgages were in circulation, which would never at any point in the future be repaid, that precipitated the financial collapse. Note that it was the dawning realisation that future interest payments would not be made, and not a sudden, actual failure of large numbers of people to pay, that was the trigger.

If equivalent debt is cancelled, then those "assets" (the bank's claimed future income stream from interest payments) disappear in a puff of logic. Crucially, if the capital is paid down, then the interest payments are lost and a truly massive chunk of what the banks claim is their value just disappears at a keystroke.

Re: Apocalypse Soon
 

Nobody here's filling their garage with tons of survival equipment and supplies then, not even the person predicting imminent doom. :confused:

Having read the OP I was tempted to start stocking up with tins of beans, corned beef, rice etc. but my garage is full of empty consumer goods boxes and packaging I might need if anything breaks down under extended guarantee and has to be returned to the manufacturers... :)

Re: Apocalypse Soon
 

You're paranoid that everything's gonna break :)

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Make sure when you stock up with beans that they are Branston (the best IMHO).

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Damn better stock up on nicotine base then I don't smoke anymore so don't carry the convenient means to help the world burn but I promise I'll take a few stronger vapes that ok?.

Re: Apocalypse Soon
 

i have 6 guns survival aint gona be a problem ;)

Re: Apocalypse Soon
 

I got ten litres of pg & VG and a load of flavour concentrates about as apocalypse as I get I'm afraid.

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After the crap I've been through in the past few weeks I'm going to be very irritated if the apocalypse happens now!

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Don't lose any more sleep then you do dili I think were safe on this one ;).

Re: Apocalypse Soon
 

I'm on my last 10ml bottle.
got no money to buy any more. nudge, nudge, wink and wink ;)

what the kinell do you need 2 gallons of it for. are you drinking it now?

Re: Apocalypse Soon
 

That'd just be your luck at the moment

Re: Apocalypse Soon
 

Ain't that the truth :)

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:rofl:

That's the spirit Dilli mate. :tu:

---------- Post added at 20:39 ---------- Previous post was at 20:38 ----------

By the sound of it it'll be the people around you who have the problem... ;)

Re: Apocalypse Soon
 

it will if their hiding corned beef and beans :)