Quote from: BobK71 on June 08, 2018, 01:20:28 PM

Quote from: richardsNY on June 07, 2018, 06:14:17 PM

We have been through so many economical difficulties, that people should have had a wake up call years ago already....

I'm convinced that the reason people don't wake up to the reality of elite-inflated bubbles is that the media is part of the story-telling machine that numbs the public.

It was been and will always be a puppet of those elite people and we can't do anything about it though the least we can do is know what's the fact from fuck. In an instance, it's really saddening how media uses social media to poison the mind of younger generation and condition them they should believe them. More likely a hypnotism at its finest

Quote from: BobK71 on June 08, 2018, 01:20:28 PM

In general each of us can stay safe by:

1) diversifying the assets we hold (so CA$H on hand, land, gold, crypto, stocks & bonds are all good).

2) many people do not handle debt well (my wife & I hate debt), so my general advice is to lower debt levels.

That's good point and you're lucky to do that like you can diversify to other assets but what about those poor people that doesn't have even one asset? Financial crisis is a serious issue that every country has and it really strikes us especially those who are in the bottom of society. And the fact still remains that when you're poor today, you're be poorer tomorrow and it sucks.