The US is a Toxic Bank

[cronus]

Needs to be isolated from the global system to prevent a return to 17th C. mercantilism and a total collapse of fiat currencies/trade everywhere else.

[pErvinalia]

I want to agree with this, but the hyperbole and random video doesn't allow me to.

[cronus]

I want to agree with this, but the hyperbole and random video doesn't allow me to.

If there isn't a rush for gold now, the dumb money on the markets must be dumber than it seems. Rapid economic collapse? I chose the vid because it shows the sort of thing being offered by Trump. A agrarian 17th C. lifestyle that might be best escaped from.

[Svartalf]

actually, you understand that depriving the US of outside contact will in fact case a return to the XVIIth century, complete with mini theocracies everywhere and mercantilist economics... I don't know if they'll tear the FED down and return to gold/silver standard, but it won't be pretty... only the interwebs and contact with the outside are preventing them from reverting to type now that the worse of the conservative (tea party, and now frumpists) have been dominating the political arena for far too long.

[Rum]

You've been talking to Superuniverse haven't you?

[pErvinalia]

I chose the vid because it shows the sort of thing being offered by Trump. A agrarian 17th C. lifestyle that might be best escaped from.

Yes, that much was obvious, it was just a strange choice.

[pErvinalia]

You've been talking to Superuniverse haven't you?

Honestly, it's only a matter of time till the whole shitshow comes down. Not a matter of if, but when. In Australia there is a mini shock coming in a few months if my remembery is working properly. A massive amount of interest-only mortgage loans that were handed out with glee after the GFC to keep the banks afloat, are all maturing at the same time more or less. In the intervening years the government cracked down on the practice of giving any old chump an interest free loan, as the banks were getting up to risky behaviour again. So a large number of these mortgages will roll over to a principle and interest loan at the same time. A lot of people won't be able to meet their payments, particularly after interest rates go back up (which they will eventually). I'd assume there's probably similar situations happening in other countries as well.

And then there's US (and everyone else's) debt, and the trade war that the Don has appeared to kick off with the EU, Canada and some other countries that I don't care enough about to remember. We're heading south for the global winter (<- that's my crumple impersonation sans video).