Apocalypse Soon

Originally Posted by heero_yuy

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

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

[papa smurf]

Originally Posted by Wittmann

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

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

[Sirius]

Originally Posted by papa smurf

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

How about SWAG Scientific Wild Arsed Guess

[papa smurf]

Originally Posted by Sirius

How about SWAG Scientific Wild Arsed Guess

your in the team

[heero_yuy]

Originally Posted by Wittmann

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

Glass half full, glass half empty.

Originally Posted by Sirius

How about SWAG Scientific Wild Arsed Guess

Backed by a completely plausible theory.

[papa smurf]

Originally Posted by Sirius

How about SWAG Scientific Wild Arsed Guess

yes lets get the global warming mob involved

[Russ]

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.

Originally Posted by heero_yuy

Glass half full, glass half empty.

Backed by a completely plausible theory.

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

[Russ]

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

Originally Posted by Russ

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

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.

[Russ]

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.

Originally Posted by Russ

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.

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.

[swoop101]

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

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.

[arcimedes]

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

[Osem]

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.