You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
If you have any problems with the registration process or your account login, please contact contact us.
Vancouver Off-Topic / Current EventsThe off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.
please excuse my ignorance, but why do economies crash every 7 years or so. i remember my econ prof saying the same thing about economies crash periodically too. What causes the crash, and why can't we prevent it with all the data we have, and the policies we can implement if we know it is going to happen.
Good. I'll pull all of my money out of my investments and wait for porsche prices to tank.
Porsche prices may tank, but i'm going to invest in a Pontiac Fiero. They are the only thing that will appreciate in value during this next economic crash.
[23-07, 02:03] shawn79 i find that at vietnamese place they cut ur hair like they cut grass
[23-07, 02:03] shawn79 do u go to vietnamese places for haircuts
It was amazing, I learned many new things from it... but it was inaccurate. It also totally left out the Wall Street Bolshevik proxy.. including Mao to tie the Rothschilds Dynasty to the millions upon million that were starved to death by them.
Save but maybe keep your money in Rubles (Russian currency).
Quote:
Originally Posted by adambomb
I've just transferred all my savings into bitcoin.
I would strongly advise against it because its system is not hack proof.
Even gold could be flooded into the market by the elites to have a low value.
@pastarocket
If anyone has their parents sell their home to potentially save hundreds of thousand in the possible up coming market crash... dont blame me if all is not as expected.
If theres a scheme to collapse the dollar, and they reset it with a north American combined currency (Mexico, US, Canada), then China could lose out on getting the money that they lent to the US back.
where are the links to where this 'fact' came from?
and lets not forget, we can pretty much put together statistics to prove just about anything for the economy going forward, difference is, and this is a big one, no one knows what's going to happen tomorrow, that's why you buy often, buy diversified, and don't look at your investments everyday.
so what, economic crash in 2015-2016, if you're smart, you're earning good money and investing every month, you'll just get more for your money! i IMPLORE you to be right, CiC, i'd love to buy at lower prices today so that when i sell in 20 years, i'm even richer!
If you're going to go for any currency, it has be to RMB.
If you are going safe, go USD or CHF.
Stay away from RMB. IMHO, if there's anywhere that will be the epicenter of the next financial crisis, it's China.
Europe is surviving now. With France and Germany so focused on Euro, it's going to get bad... but not horribly bad since they have Germany behind as the manufacturing juggernaut and Germany will do anything to hold Euro together.
Russia became irrelevant with current price on natural resources suppressed the way they are.
Thus, the only one single economy possible to ripple around the world is China. And from my last trip there... I think it's up to how long can the communist party hold everything together.
China was on the verge of a financial collapse in 2008. So they poured in billions into building to pump up the GDP... and in the same time grossly increased the supply of RE in China.
However, Chinese have this mentality of owning their own home is the fundamental of living. Thus everyone when they have money, they invest into nothing much else but RE.
Every secondary/tertiary cities in China are dropping. It's common to drop 1/4~1/3 of the asking to achieve sales. Even in cities like Shanghai or Beijing, the price has basically peaked. The prices, while not dropping, are not increasing, and very few transaction (relatively to before) are taking place.
How would this create problem?
See the few examples when developers in China had to drop prices to get rid of their unsold units, buyers of other units basically went nuts and burn down the presentation center demanding for refund, because they cannot wrap their mind around RE dropping. Imagine that on a national level...
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
