Quote from: TPTB_need_war on July 14, 2015, 12:20:19 AM

Quote from: bigtimespaghetti on July 13, 2015, 07:54:38 AM

This was essentially my attitude to begin with- low interest rate locked with generally high private rents in Ams- you can lock rates for up to 30 years in Holland.

And when prices fall (rents fall) and or property taxes increase (for the EU to handle all the member nation debts which must be consolidated else the EU breaks apart), then you are a debt slave for 30 years. Possibly even debtors prisons (which are coming back, mark my word).

The oil price is now going to collapse, and the obvious logical corollary of that is the dollar is going to go very high indeed. The oil price down 50%, the dollar up over 10%. The dollar going up 10% may not happen immediately, if youre thinking in pounds and so on but its absolutely critical because youve got $6trn or $7trn of debt in the emerging economies all tied to the dollar. LOL, before 2009 I never had heard about the word 'trillion' Tongue