Eurozone up the spout

Had to laugh at the dow jones losing everything it gained in 2011 in one hour, today.

Call it a conspiracy
Mason
All seeing eye

Call it what you want but 3 years after the banking fiasco and nobody has a clue what is going on or going to happen.

The world is ****** nobody has any "real" money, nobody wants to give up their Iphone 5, luxury BMW, amazing food, nobody cares any more. MPs and politicians have a job for life, unless their isa revolution and they are thrown out like the Middle eastern leaders.

Trouble is ahead.
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White Mouse said:
Hopefully the disgusting community destroying ideology of free market unregulated capitalism will go down with it
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It's a nice idea, but the trouble is we're all on this debt-laden economic Titanic together, with no lifeboats other than those made of imaginary money. Not unless you live on top of a Scottish mountain with shotguns and a large supply of canned food (no need for bottled water on a Scottish mountain).

My prediction now that the curtain's being pulled back on the temporary fixes of the last three years? Even more money printing, even more inflation to shrink debt, and the West gets steadily poorer until we can start manufacturing our own stuff again.

The capitalists will still be buying yachts, and we will still be moaning about it on Facebook or OcUK rather than rioting in the ballot box. There's nothing so predictable as human nature. :-)

Andrew McP
 
I don't really think people will be celebrating in idiotic fashion when petrol, fuel and food prices explode. Anyone who thinks this is a good thing is a cretin.
 
Luxury life has been handed to us on a plate, go read about life 90 years ago and come back say that, this life is luxury enjoy it while it lasts, piped heating, running water, sewage works, exotic fruits in winter, Ipad 2, top of the range car.

Survival of the fittest, has never been more true.
 
cheets64 said:
Luxury life has been handed to us on a plate, go read about life 90 years ago and come back say that, this life is luxury enjoy it while it lasts, piped heating, running water, sewage works, exotic fruits in winter, Ipad 2, top of the range car.

Survival of the fittest, has never been more true.
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Agree with this. We've been fed more then we can chew, and now it's going to spiral more so out of control then ever.
 
cheets64 said:
Luxury life has been handed to us on a plate, go read about life 90 years ago and come back say that, this life is luxury enjoy it while it lasts, piped heating, running water, sewage works, exotic fruits in winter, Ipad 2, top of the range car.

Survival of the fittest, has never been more true.
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The romans had running water and sewage works, exotic fruits and what not...

Whats your point?

So that market takes a tumble, it will level out and goes up again, it always does. Don't be so pessimistic Cheets, jesus, the market took a fall, so what. It is not the end of the world like you make it out to be. You will still be posting on OCUK for this time next year I expect.
 
Raymond Lin said:
The romans had running water and sewage works, exotic fruits and what not...

Whats your point?

So that market takes a tumble, it will level out and goes up again, it always does. Don't be so pessimistic Cheets, jesus, the market took a fall, so what. It is not the end of the world like you make it out to be. You will still be posting on OCUK for this time next year I expect.
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Where are the Romans today?


All civilisations come to an end.
 
IceBus said:
I don't really think people will be celebrating in idiotic fashion when petrol, fuel and food prices explode. Anyone who thinks this is a good thing is a cretin.
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Prob is a good thing tbh... :P

Price rise are, in part, an indication of the declining availability vs increased demand for those resources.
 
Its not a problem with capitalism. When the governments bailed out the banks, they taxed the poor, and money went straight to the banks. Essentially removing the risk for all those bankers, and investors who are probably those rich folk.

If capitalism was allowed to work those bankers and investors would have have made a loss because of their poor judgement and be a lot poorer. However banks were so highly leveraged at the time, it would have screwed everyone, if they failed. Capitalism was not allowed to remove the crap from the system, and the loss was nationalised.

Not mention all the retirement funds, mutual funds that were all heavily invested in it.
 
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UK-AL05 said:
Its not a problem with capitalism. When the governments bailed out the banks, they taxed the poor, and money went straight to the banks.
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Exactly. Capitalism is profit and loss. In the last decade, the capitalists have only had a profit - enabled by our governments (who allowed them to entrench too far in their economies and who bailed them out).

This has not been a capitalism crisis. It was not free-market capitalism.
 
Latest news is that the Asain markets have opened down. Oh well, nice knowing yall. Gonna go get my nuclear fallout shelter ready.
 
arknor said:
so why is china still going and going strong?
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People have said the same about the US. Everything comes to an end. China's time will come in the future.

Truth be told they have inherent problems of their own.

You think when Rome was at the height of it's power that anyone saw it's future?

Did the Greeks see a bunch of derelict statues?

Did the Catholic church see itself on it's back foot?
 
China has a rising middle class, their wages are getting higher. It will stagnate in growth, and people will look for other developing markets for cheap labour. One good fact coming from this, a lot of poor countries are now being given a chance.
 
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The nikkei seems to be steadily going down, looked at it, and it was down 3.57%, refreshed a few seconds later and it was 3.60% down.
 
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