Global stockmarkets continue to slide

[Skybird]

Originally Posted by jimbuna

A majority % of mine are and I can honestly say they are doing a lot better than anything I could achieve with fixed interest rates.

They also come with a guarantee of no loss of capital investment if you tie yourself into a 5 year term.

You want to see proof?.....PM me.

Be careful. "Guarantees" of no-loss-safety only work as long as not too much damage haunt the system simulatenously. But if too much of the business collapses, the guarantee will not help you. It is an open secret that such inbuild "guarantees" on existing insurrances and fonds investements accumulate to a total number that are not backed by financial liquidity of banks and investement companies.

Sorry for my inadequate wording, but this needs a lot of business-English terms - and since I never was busy in business-English, I lack this kind of vocabulary, and risk to mix up those terms that I know.

What it comes dopwn to, is this: like a ship is assumed to not sink as long as not more than so and so much percent of its inspace gets flooded, guarantees like you referred to only will work as long as not too many bad things happen within too short time.

If it all should ever collapse, the only things of real value will be real property: land, gold, jewelry, maybe precious and rare collector's items like watches, wine; this kind of stuff.

The financial system itself I understand to be a snowball system. It only works as long as people will to invest even more into it. But there is no real option to get out - it is as if for everybody leaving, two new victims entering must be found, else collapse sooner or later is inevitable. It is impossible that this recipe could work forever.

[Jimbuna]

I'm honestly quite happy with my investment Sky

If it all should ever collapse, the only things of real value will be real property: land, gold, jewelry, maybe precious and rare collector's items like watches, wine; this kind of stuff.

The only things of real value will be whatever people want at that particlar moment which is exactly the same as it is now

[MothBalls]

Originally Posted by Skybird

If it all should ever collapse, the only things of real value will be real property: land, gold, jewelry, maybe precious and rare collector's items like watches, wine; this kind of stuff.

You got one right, property, but only if it has animals on it.

If it all collapses the only things of value will be weapons, ammo, bows, arrows, knives, places to hunt, fish, and drink water. Not to worried about it. 98% of the population in large cities couldn't survive 3 days without toilet paper. The only people who will survive the total collapse are those with the skills to live off of the land <edit> and defend themselves from those who can't.

[TorpX]

Honestly, after the "deal" our Congress of Idiots made, I'm surprised that the markets didn't slide more.

[August]

Originally Posted by MothBalls

...and defend themselves from those who can't.

That part may be quite difficult depending on their proximity to nearby population centers.

[Growler]

Originally Posted by August

That part may be quite difficult depending on their proximity to nearby population centers.

Indeed, even serving one bullet to a customer, there's still almost a million people in the Baltimore metro area alone; my basement - and wallet - aren't big enough to stockpile that much ammo, let alone food & water.

As far as where I live, I know where fresh water may be found - expect I'd pull a shift or three with other residents defending that; I live in a very rural area with lots of farms - subsidized to grow feed corn, or using Terminator seeds that grow for a single season without generating viable seeds for the next. Some food to be had, sure - all depending on the season.

[danasan]

If I'd imagine a worst case scenario, Albert Einstein comes to mind and one of the famous quotes:

When asked how World War III would be fought, Einstein replied that he didn't know. But he knew how World War IV would be fought: With sticks and stones!

At the end, it comes down to this: Only the strongest survive.

[Platapus]

Originally Posted by Skybird

If it all should ever collapse, the only things of real value will be real property: land, gold, jewelry, maybe precious and rare collector's items like watches, wine; this kind of stuff.

If there is a wide spread collapse, none of that, other than land, will have any value. Certainty not gold. Gold has no intrinsic value. Gold is only valuable because people agree to its value. In a catastrophic collapse, all deals are null and void.

If I have a 14 pound bar of gold and am very hungry and you have a loaf of bread, exactly how much is my gold worth? If I am lucky you will sell me half your loaf for my gold. The more hungry I am, the more attractive the deal will be.

Gold is only valuable if there is a limited collapse. Say the EU has a huge financial collapse, I might be able to take my gold to South America and exchange it. The problem is that since the world's economy is so linked, the chances of a catastrophic local collapse while the other economies are still functioning is becoming lower.

I have an open offer for all the gold hoarders out there. When the world wide collapse comes, I will be glad to sell you my food for your gold... at the going rate.

[Armistead]

Like the lady that wheeled in her barrel of money for a loaf of bread, they took the wheelbarrow.

I think we're headed for some rough times in the next few years. The problem with a global economy corporations stop working for the nations they belong.