I totally agree with this, although it might not be as fast as you think. These criminals have
been dragging this out for years and still might be able to for a while longer. A year? two?
I personally would rather hit the fan now and lets start to rebuild.
Topic: Equities and Bonds collapsing. Bitcoin UP. - page 2. (Read 1746 times)
Nice title.
Calling today June 20th 2013 the official start of the all-mighty 2013 meltdown. A series of events might be about to unfold which could propel BTC to insane levels. It will mostly suck for everyone in the real world. It starts in China and with the bubble of all bubbles, and Feds mentionning the possible easing of QE which they can only delay for so long. To be expected in some chaotic order:
- China Bubble pop (how shocking, are you saying these figures are not to be trusted? And you borrowed half GDP in a single year?)
- Stocks crash back to fundamentals (oh, I thought higher p/e ratio was better?)
- US real estate crash (why are all these empty houses not for sale?)
- US student debt crash (how would you like to work for the government for say 30 years to pay this back?)
- Sovereign bond haircuts and defaults (cheer up, at least we might pay something back and still better than penny socks)
- Bank bail-ins (don't worry just like cyprus)
- Pension funds meltdown (it's gone? but you told me I had the 'cautious' plan?)
And a lot more...
The spark:
http://www.zerohedge.com/contributed/2013-02-22/why-china-crash-may-be-imminent
http://www.zerohedge.com/news/2013-06-19/china-interbank-market-freezes-overnight-repo-explodes-25
http://www.reuters.com/article/2013/06/20/us-markets-global-idUSBRE88901C20130620
Even mainstream investors bracing for impact:
http://www.marketwatch.com/story/doomsday-poll-87-risk-of-stock-crash-by-year-end-2013-06-05
Please cheer me up and tell me I am wrong and everything will be rosy this year
- China Bubble pop (how shocking, are you saying these figures are not to be trusted? And you borrowed half GDP in a single year?)
- Stocks crash back to fundamentals (oh, I thought higher p/e ratio was better?)
- US real estate crash (why are all these empty houses not for sale?)
- US student debt crash (how would you like to work for the government for say 30 years to pay this back?)
- Sovereign bond haircuts and defaults (cheer up, at least we might pay something back and still better than penny socks)
- Bank bail-ins (don't worry just like cyprus)
- Pension funds meltdown (it's gone? but you told me I had the 'cautious' plan?)
And a lot more...
The spark:
http://www.zerohedge.com/contributed/2013-02-22/why-china-crash-may-be-imminent
http://www.zerohedge.com/news/2013-06-19/china-interbank-market-freezes-overnight-repo-explodes-25
http://www.reuters.com/article/2013/06/20/us-markets-global-idUSBRE88901C20130620
Even mainstream investors bracing for impact:
http://www.marketwatch.com/story/doomsday-poll-87-risk-of-stock-crash-by-year-end-2013-06-05
Please cheer me up and tell me I am wrong and everything will be rosy this year
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