[mousepad]

$this->bbcode_second_pass_quote('theluckycountry', 'A')nother depression is coming and you had better be out of debt when it arrives or you'll have a millstone around your neck.

[theluckycountry]

$this->bbcode_second_pass_quote('mousepad', '.')..All potentially causing severe inflation. And the winners are? The debtors, as their debt is inflated away.
Debt is not a problem in a depression. The problem is if you lose your income and can't service your debt no more. You want to make sure to have a recession proof job. Take on a big mortgage at super low interest rate, buy a big house, you can make a killing in a depression.

[mousepad]

$this->bbcode_second_pass_quote('theluckycountry', ' ')That's what happened in the last depression.

And it wasn't much better for the rest of the Nation (or Australia) Just think about it, tens of millions of people unemployed and losing their homes, what are the homes going to sell for.

[careinke]

$this->bbcode_second_pass_quote('theluckycountry', 'I')'m here giving you the Heads Up. Another GFC is coming, one that won't be papered over in six months. Another depression is coming and you had better be out of debt when it arrives or you'll have a millstone around your neck. Just put a couple of hundred thousand away in safe monetary instruments, Not the stock market, where most of your Superannuation is. Remember the GFC.

[AgentR11]

$this->bbcode_second_pass_quote('mousepad', '')$this->bbcode_second_pass_quote('theluckycountry', 'A')nother depression is coming and you had better be out of debt when it arrives or you'll have a millstone around your neck.

[theluckycountry]

$this->bbcode_second_pass_quote('AgentR11', '
')
I don't think we get "severe" inflation, the FED's tools are so very fast now compared to what they had in the Great Depression. Allows fine tuning between the deflationary pressure of the depression,

[mousepad]

$this->bbcode_second_pass_quote('AgentR11', '
')
I don't think we get "severe" inflation, the FED's tools are so very fast now compared to what they had in the Great Depression.

[EnergyUnlimited]

At the moment if we throw $1 note every quarter of mile then combined American debt would take you to Alpha Centauri.
If a T. Rex which was alive 65 millions years ago got all American government debt in cash and decided to pay $1 for every minute of additional life, he would still be alive and much richer than Elon Musk.
So I think, there will be really BIG inflation in not very distant future.
Attempts to balance money supply to prevent some nasty outcome already resembles balancing pencil on its tip but soon enough will resemble balancing 2...5...8...20... pencils standing in tip on top manner one on another.
Good luck with that.

[Newfie]

It is interesting how the information stage has shifted. PeakOil used to have a lot of peppers. Now I see a pretty active pepper community over on redditt.

Lots of the same discussions we used to have, but a much younger group.

[EnergyUnlimited]

$this->bbcode_second_pass_quote('Newfie', 'I')t is interesting how the information stage has shifted. PeakOil used to have a lot of peppers. Now I see a pretty active pepper community over on redditt.

Lots of the same discussions we used to have, but a much younger group.

[theluckycountry]

Unfortunately the prepper lifestyle was just as prone to BS projections as the PeakOil debate was. Gold was roundly rejected by the community, still is! And the end goal, if you could achieve it, was a 40 acre plot of vegetables 200 km from the nearest town. Thankfully I ignored the ignorant Gold naysayers "You can't eat it" and am now sitting pretty as far as retirement goes.

But I did try the rural doomstead sitch, which sort of made sense, but thankfully got out of that dead-end after only 4 years of downside. How many old preppers are now sitting out in the back of nowhere with no mojo to fix their fences or plant another crop of Zucchini? How many are craving a decent internet connection, or a supermarket nearby where they can get the other 50% of their diet? So many delusions about mutant zombie hoards and the utter collapse of modern life. As it turns out remote rural properties are a lot more prone to attack than homes in small towns, Who would have thought? Anyone who did a little research on such things as it turns out.

So for all those suckers, it's a miserable life, why would they stay here and bemoan it? People's egos don't typically allow them to admit they were wrong. Just look at all the EVidiots that have fled the forum since the collapse of that dream. AdamB pops back from time to time to growl and spit but that's about it.

People get bewitched by the loudest voices. They put reason and common sense aside and follow each other in a herd like cattle.



Now ask yourself, can you look at this picture without your brain linking it to all the modern rhetoric and politics? Can you see it in the context of the paragraphs above, an example of how a rational modern nation of people were suckered into following a disastrous path, simply because a handful of nutters shouted Lies long and hard at them. That is the measure of your detachment, of your open-mindedness.

[EnergyUnlimited]

$this->bbcode_second_pass_quote('theluckycountry', 'U')nfortunately the prepper lifestyle was just as prone to BS projections as the PeakOil debate was. Gold was roundly rejected by the community, still is! And the end goal, if you could achieve it, was a 40 acre plot of vegetables 200 km from the nearest town. Thankfully I ignored the ignorant Gold naysayers "You can't eat it" and am now sitting pretty as far as retirement goes.

[Shaved Monkey]

$this->bbcode_second_pass_quote('theluckycountry', '
')

Now ask yourself, can you look at this picture without your brain linking it to all the modern rhetoric and politics? Can you see it in the context of the paragraphs above, an example of how a rational modern nation of people were suckered into following a disastrous path, simply because a handful of nutters shouted Lies long and hard at them. That is the measure of your detachment, of your open-mindedness.

[Shaved Monkey]

We have had a very stable world since WW11 because of freeish trade.

Japan and Germany didnt need to invade anyone to get some resources to make stuff and we bought their stuff.
The US concentrated on its domestic markets and military exports.
There was room for China to make us all feel richer as middle class white people through cheap clothes and white goods.

Then when it looked like China was getting to big too quick....things changed free trade got replaced by protectionism.

Obviously first step is re tool look for new markets second step is way worse.

The US bought US cars as well as Japanese German and English
English bought UK and EU cars
Germans bought German mainly
Japanese mainly Japanese
EU mainly EU
Australia mainly Aus made (in the past) then Japanese and UK and EU

Then China stepped in with cheap batteries in time for PO

Brands that sold cars arent as important in the EV world those brands were attached to the ICE

[theluckycountry]

$this->bbcode_second_pass_quote('EnergyUnlimited', '')$this->bbcode_second_pass_quote('theluckycountry', 'T')hankfully I ignored the ignorant Gold naysayers "You can't eat it" and am now sitting pretty as far as retirement goes.