Quote from: rickyjames on January 30, 2014, 03:54:08 PM

Quote from: Zahlen on January 30, 2014, 03:41:06 PM

Quote from: rickyjames on January 30, 2014, 03:35:00 PM

What's even scarier is there is increasing talk by the IMF and national central banks of a one-time 25% wealth tax to try and rebalance the currently desperate debt ratios faced by banks:

Good fucking grief. *facepalm*

EDIT: How the fuck did our world get to this point where screwing up gets you more and lets you keep screwing up?

People do not realize how desperate the world financial situation is. Where do you think A TRILLION DOLLARS comes from EVERY YEAR NOW to finance the American government annual deficit? It used to come from China. No more, they're out of cash. Since 2009, if came from the Fed. No more, they're out of cash. Um, NOW WHAT?

If you are an American, IT'S GONNA COME FROM YOU. And since Washington can't say the words "New Taxes"...

http://money.cnn.com/2014/01/28/retirement/savings-retirement-myra/

http://www.nytimes.com/2014/01/30/your-money/obama-orders-creation-of-myRA-accounts.html?_r=0

..as in "Give us your money NOW and don't come back for it for 20/30/40 years..."

Since the crash in 2007 it's all been a game of musical chairs, and the music has been getting slower and slower.

http://en.wikipedia.org/wiki/Musical_chairs

It's about to stop.

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/10605957/World-risks-deflationary-shock-as-BRICS-puncture-credit-bubbles.html

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100026436/trying-to-deleverage-china-without-blowing-up-the-system/

BUMP