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Could this be the straw that breaks the economys back?
#1
While Europe’s fiscal woes seem to be on everyone’s financial radar recently, and rightfully so, there is instability everywhere.

This is a global economic crisis and it’s affecting hundreds of millions of people all over the world.

Earlier this week Argentine President Cristina Kirchner responded to her country’s sky-rocketing inflation rates by freezing prices on food, a move Forbes magazine says will soon lead to widespread corruption in the business community and government.

In Venezuela, where President Hugo Chavez has attempted to control all aspects of his country’s economy, price freezes instituted on essential goods like diapers and cleaning products over a year ago failed to curb soaring inflation which registered at over 22% last year. In response, with their quiver out of arrows, the Venezuelan government announced today that they are devaluing their national currency, the Bolivar, by over a third. The announcement had the immediate impact of increasing the price for a US dollar in Bolivar by nearly 50%. http://www.shtfplan.com/headline-news/so...e_02092013
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#2
The economies of the world are already all broken we're just all circling the drain as investors move from currency to currency to try and find a safe haven. Once they find that there is no stable world currency the house of cards will collapse.
The forum poster formerly known as Emoticon...
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#3
If every nation and every individual and every corporation cancelled all debt worldwide, these problems would go away for everyone.

There would be quick inflation, and some momentary panic, but things would stabilize pretty quick I think. Especially with national debts being the biggest issues, and every country owing another other.
Vampire pig man since September 2012
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#4
Camper;77598 Wrote:If every nation and every individual and every corporation cancelled all debt worldwide, these problems would go away for everyone.

There would be quick inflation, and some momentary panic, but things would stabilize pretty quick I think. Especially with national debts being the biggest issues, and every country owing another other.

You know, I am really curious what the balance sheets would look like if all of the national debts were compensated for (not canceled). I.e. if country A owed country B 1k and country B owed country C 500, and country C owed country A 250, everyone would be good except country A which would be in the hole 750.
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#5
nomad;77362 Wrote:While Europe’s fiscal woes seem to be on everyone’s financial radar recently, and rightfully so, there is instability everywhere.

This is a global economic crisis and it’s affecting hundreds of millions of people all over the world.

Earlier this week Argentine President Cristina Kirchner responded to her country’s sky-rocketing inflation rates by freezing prices on food, a move Forbes magazine says will soon lead to widespread corruption in the business community and government.

In Venezuela, where President Hugo Chavez has attempted to control all aspects of his country’s economy, price freezes instituted on essential goods like diapers and cleaning products over a year ago failed to curb soaring inflation which registered at over 22% last year. In response, with their quiver out of arrows, the Venezuelan government announced today that they are devaluing their national currency, the Bolivar, by over a third. The announcement had the immediate impact of increasing the price for a US dollar in Bolivar by nearly 50%. http://www.shtfplan.com/headline-news/so...e_02092013

Why do you think Kirchner is beating the drums of war over the Falklands?

They did this the last time thier economy was about to collapse.

Distract the masses with bullshit so they forget about their empty stomachs.
A gun rack in a pick-up is not for holding guns. Its a place for women to hold on to. Smile
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#6
Iceland walked away from the debt that was threatening to ruin them.
The forum poster formerly known as Emoticon...
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#7
Emoticon;77712 Wrote:Iceland walked away from the debt that was threatening to ruin them.

And they did it with virtually no consequences.

But most of their debt was uninsured private bank debt owed to foreign investors the government had no obligation to pay in the first place.

Something our government should take notice of.
A gun rack in a pick-up is not for holding guns. Its a place for women to hold on to. Smile
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