[Shinrei]

Great post. Where your first post had me puzzled, we are actually in full agreement.

[Shinrei]

Not generally a glenn beck fan, but this was a really good piece. Our obligations are stacking on top of an already tanking economy. Almost makes me want to buy some land in the middle of nowhere and stock guns, ammo and canned goods.

http://www.youtube.c...h?v=I-16u9x3tfE

[Cold Iron]

Pensions are a massive problem for every first world country, as well as China. I think India is going to surge ahead in the short term due to the lack of this problem there yet.

After setting up your fort in the middle of nowhere, i suggest you earn as much as you can and spend it, travel, live large, because all your cash and all your investments aren't going to be worth crap. Once that happens, retreat into your fort

[Shinrei]

Got a place for me to stay in Sydney? I've always wanted to visit Australia, and we can wax poetic about the state of affairs in the world today over a cold one or two.

[Cold Iron]

Um... honey, I've invited a guy from the internet I know nothing about to stay with us for a while. Don't worry though, he's malazan...

I could recommend a cheap hotel

[Shinrei]

Hey, I didn't say YOUR place!

[Cold Iron]

Actually i do know a guy with a spare room in his house.

[Shinrei]

Gold is at $880 per ounce. Silver is over $16.00 an ounce. One dollar will buy you 107 yen where it would buy you 122 yen less than a year ago. (Sucks for me since I'm planning on moving back to Japan soon. My inevitable funds transfer from my US bank to a J bank will net me a lot less purchasing power.)

[Cold Iron]

Australian stock market is shedding. Due to "recession fears in the US"

[wolf_2099]

I'll try and dig up the link, but the Chinese have bought up so much of the American debt, if they collected, they could single handedly crash and destroy the american economy... and a few other countries along with it.

The death of the dollar is bad for everyone except the individual consumer.

[wolf_2099]

As far as my neck of the woods, it's cheaper for me to do almost all my shopping off amazon for clothes, etc with shipping, since canadian prices have started to reflect the change in the dollar.

This is, with the exception of books and comics, which over the last month have changed and been on par. chapters.ca is finally cheaper than going to barnes and noble online.

This is with shipping factored in, and credit card costs.

[Cold Iron]

wolf_2099;244321 said:

The death of the dollar is bad for everyone

Corrected

[wolf_2099]

Cold Iron;244323 said:

Corrected

True, with a broad enough vision.

It's still nice when I go buy my weekly comics to have then 70 or 75 cents cheaper though, it adds up.

[Cold Iron]

wolf_2099;244332 said:

True, with a broad enough vision.

It's still nice when I go buy my weekly comics to have then 70 or 75 cents cheaper though, it adds up.

Yeah, except your paycheck might be 70 or 75 percent higher, if things were going well. It adds down too.

[wolf_2099]

Cold Iron;244336 said:

Yeah, except your paycheck might be 70 or 75 percent higher, if things were going well. It adds down too.

You good sir, are assuming I have a real paycheck!

As a college student who works for straight cash, it doesn't bother me what so ever.

I unfortuantly realize how screwed I am when I graduate if this trend keeps up though.

Although, I will applaude the American banking system, thanks to them my parents manged to get a rock bottom priced condo in Florida I hope to use if I can ever find a way down there.

Anyone actually think that is going to better before it gets a lot worse?

[Cold Iron]

The worse the economy, the more bums there are, the more bums there are, the more people willing to do your job for less, the more people willing to do your job for less, the less you get paid. Our parents are the richest generation that will ever live.

Just hope they don't live so long you never get to see any of it.

[wolf_2099]

Our parents need to be, considering the state pensions and, christ, I don't know what the terms are for Americans. Retirements funds from the government, pensions or what have you, that your taxes are paying for and that there will be none left when you are old enough to collect.

I agree with you completely, but funnily I live in Calgary, with more jobs open than we know what to do with, and we still have an obscene amount of bums wandering around our 1 prime downtown location, 17th ave, just because they don't want to work, despite the 7 eleven, or Tim Hortons are paying 10-15 bucks an hour, in some cases almost 20 for night shifts. Sorry for the run on sentence.

There will always be bums who won't work, and I'll always get them to do ridiculous things when I am walking home from the bar.

Wait, I got side tracked there didn't I?

[Sir Thursday]

I didn't realise this was going on...the fall in value hasn't been going on for anywhere near as long as the dollar's has though, so the increased inflationary pressure won't be so apparent yet. Given the amount of goods we import (IIRC, the UK is a net exporter, but mainly because it exports services as opposed to goods), the average consumer is going to enjoy this for a while. Just hope it stops before it goes too far.


Sir Thursday

[Shinrei]

wolf_2099

When inflation hits, the things that rise in price the most quickly are the things people need, like food and energy. That will affect everyone.

[Hume]

Fuck this thread is optimisitc.

I'll bump it in a few years when the 'economy has collapsed' ...

Yeh America is going to go through a recession. It will get out of it too. (I'd fucken put money on that.) But remember given the rise of other new powerhouse economies don't expect America's economy to always be the dominant one in the world.