central bank bubble?

derryb

Nearly 40% of global GDP in the the hands of central banks and growing. This ain't gonna end well. Got insurance?

cohodk

Strong hands!!!

derryb

@cohodk said:
Strong hands!!!

Wall St. hands gaining more control of your economic future.

cohodk

Only I am in control of my economic future.

derryb

@cohodk said:
Only I am in control of my economic future.

Don't be so naive.

cohodk

I'll repeat, only I am in control of my economic future.

derryb

@cohodk said:
I'll repeat, only I am in control of my economic future.

No matter what you believe, you are not an island.

roadrunner

Just a few years back over 60% of US GDP was in the hands of the US banks.

derryb

@roadrunner said:
Just a few years back over 60% of US GDP was in the hands of the US banks.

A few years back the a lot of bailout money was put into the hands of US banks.

A central bank's balance sheet is very much different than a private bank's balance sheet. And what happens to those assets (liabilities) is also very much different.

cohodk

You're right, I don't believe I'm an island, not that's theres anything wrong with that. I'm sure Australia, Greenland, Great Britain, Ellis, ect, won't take any offense.

So much doom and gloom derryb. We should get together for a beer, or a whiskey. I'll cheer you right up. I'm serious. I'm in your area occasionally.

PerryHall

@cohodk said:
You're right, I don't believe I'm an island, not that's theres anything wrong with that. I'm sure Australia, Greenland, Great Britain, Ellis, ect, won't take any offense.

So much doom and gloom derryb. We should get together for a beer, or a whiskey. I'll cheer you right up. I'm serious. I'm in your area occasionally.

Australia is not an island. It's a continent.

cohodk

A continent has arbitrarily defined borders or boundaries. An island has very well defined boundaries or borders. I believe Australia is quite well defined.

PerryHall

@cohodk said:
A continent has arbitrarily defined borders or boundaries. An island has very well defined boundaries or borders. I believe Australia is quite well defined.

Australia is considered a continent by geographers due to it's large size.

johnny9434

if we only knew what hillbilly was talking about behind closed doors

MsMorrisine

what's the record for the tallest house of cards?

are we there yet?

Baley

@MsMorrisine said:
what's the record for the tallest house of cards?

are we there yet?

Great metaphor. There are others, and also cute cartoons, that suggest the world is ending..

Luckily, it very seldom does

cohodk

Scientists say there have been 5 mass extinctions in the last 450 million years, so I'll average that out to be every 90 million years. If the average human lives to be 90, then there would be 1 million lifetimes between extinctions. In other words, the odds of extinction during our lifetime is about 1 in a million. Doesn't seem like a good bet for the end of the world during our lifetime.

derryb

@cohodk said:
Scientists say there have been 5 mass extinctions in the last 450 million years, so I'll average that out to be every 90 million years. If the average human lives to be 90, then there would be 1 million lifetimes between extinctions. In other words, the odds of extinction during our lifetime is about 1 in a million. Doesn't seem like a good bet for the end of the world during our lifetime.

Stacking PMs has nothing to do with the end of the world - it has everything to do with the destruction of a fiat currency. Currencies are much more susceptible to death than are civilizations.

From an early conspiracy theorist whose warnings were ignored:

"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." — Cicero, 55 BC

While Rome did not have a fiat currency it did continually debase it's gold and silver coinage by continually reducing the PM content of the coins. This is why the answer lies in Cicero's warning and not in a gold backed monetary system. Fiscal discipline is the modern solution but it will continue to elude us as long as personal gain remains available to those we depend on for such discipline.

MsMorrisine

@Baley said:

@MsMorrisine said:
what's the record for the tallest house of cards?

are we there yet?

Great metaphor. There are others, and also cute cartoons, that suggest the world is ending..

Luckily, it very seldom does

but we aren't there yet, imo.

also, those in control can change the rules.

the cards can have sandpaper placed on them.

there is the greek "solution" where certain holders of greek debt "agree" to take less, much less, on their returned principal.

there is more money printing, a lot more money printing.