What happens next? 2012 cash crisis

[Gary11]

Imagining a senario this time next year,Greece on 4th bailout Euro values crashing euro zone split in two and PIGS all in trouble but worst of all America hits its debt ceiling again.......what will happen answers on a post card please.
G

[nelly1]

[Frankeh]

Probably nothing all that exciting, unfortunately.

[Pints]

What happens next?

We all learn to speak mandarin chinese.

[Gary11]

Is this the best NP&E can offer?

[Jimbeaux]

Pints said:

What happens next?

We all learn to speak mandarin chinese.

Again with that. Americans own the vast majority of American debt, not the Chinese. I would wager yours are similar.

[Frankeh]

I'm pretty tempted to invest in gold... I keep thinking it's going to crash but it just goes up up up.
This leads me to believe it will eventually crash, but it hasn't.

I have about £10K in savings that I don't plan to spend any time soon. It's getting about 3% at the moment.

[Pints]

Jimbeaux said:

Pints said:

What happens next?

We all learn to speak mandarin chinese.

Again with that. Americans own the vast majority of American debt, not the Chinese. I would wager yours are similar.

Morning Jim, what's your view on the increased ceiling then?

[ellroy]

Frankeh said:

I'm pretty tempted to invest in gold... I keep thinking it's going to crash but it just goes up up up.
This leads me to believe it will eventually crash, but it hasn't.

I have about £10K in savings that I don't plan to spend any time soon. It's getting about 3% at the moment.

Yes because buying at the top of the market is always a good idea.....

[Frankeh]

ellroy said:

Frankeh said:

I'm pretty tempted to invest in gold... I keep thinking it's going to crash but it just goes up up up.
This leads me to believe it will eventually crash, but it hasn't.

I have about £10K in savings that I don't plan to spend any time soon. It's getting about 3% at the moment.

Yes because buying at the top of the market is always a good idea.....

Said that to myself every 4 months for the past 2 years.

[Jimbeaux]

Pints said:

Jimbeaux said:

Pints said:

What happens next?

We all learn to speak mandarin chinese.

Again with that. Americans own the vast majority of American debt, not the Chinese. I would wager yours are similar.

Morning Jim, what's your view on the increased ceiling then?

Good morning (afternoon for you ). I feel it is not a fix but an application of the brakes, leading to an eventual stopping and turning in another direction. The deal being reached is a start but not a fix by any means. As to the "Chinese" quip.....I remind people of our debt breakdown by ownership whereas we own the vast majority of our own debt. Global debt is not like local debt where some repo guy shows up to snatch an upaid car. The Chinese are in another seat in the same boat; they have much to lose if someone just decided not to pay.

[Cleckheatonlock]

ellroy said:

Yes because buying at the top of the market is always a good idea.....

Almost as clever as selling at the bottom after telling everybody that you are planning to

What sort of an idiot..................................

[Frankeh]

Cleckheatonlock said:

ellroy said:

Yes because buying at the top of the market is always a good idea.....

Almost as clever as selling at the bottom after telling everybody that you are planning to

What sort of an idiot..................................

[Gary11]

Cleckheatonlock said:

Almost as clever as selling at the bottom after telling everybody that you are planning to

What sort of an idiot..................................

GB a prudent man

[RemainAllHoof]

Well, I'm quite looking forward to bailing out Turkey when they join the EU. Can't someone decent join the EU. Like Canada or Australia or Japan? (Maybe their economies are worse than ours but let's pretend they're not just for my joke.)

[Frankeh]

Hmmm, does being in the EU require you to actually be located in europe?

[PugwasHDJ80]

Gary11 said:

Cleckheatonlock said:

Almost as clever as selling at the bottom after telling everybody that you are planning to

What sort of an idiot..................................

GB a prudent man

at least he ended boom and bust.....


sorry going a bit off topic now!

[Four Litre]

If your thinking about Gold - just look at the 20 years gone to get a good idea of where its going. Yes there may be troughs, but its up, up and away. Theres far less out there than you would believe. Ive given up on all shares as always lost out (slightly), gold seems to be the only thing that is actually worth something. Not 'made up fiat B/S'. Also by physical as the paper stuff doesnt really exist.

[RemainAllHoof]

Frankeh said:

Hmmm, does being in the EU require you to actually be located in europe?

Well, it's kinda pushing it what with Israel entering the Eurovision Song Contest and, well, Turkey joining the EU. And TBH I'd rather they didn't plus kick out all the weak countries ruining things by wasting money on st and bring in some decent countries.

[Gary11]

So the 2nd day and no ideas?
Im getting scared
will it be better for us being on the outside of the EU or will we get dragged in? come on chaps!