Rolling economic depressions or collapses imminent?

[Frood]

We are extremely cautious of late. Don't like the current lay of the land.



"hoard" ... For a second there, I thought you said  ......  

China has over the last 3-4 years suggested that their citizens invest in physical metals, particularly in the poor mans gold=silver.



Germany hasn't gotten its gold back totally from the US vaults and what they did get back didn't bear the original stamps. Plenty of other nations and states have asked for hard possession of their accounts be returned. It generally doesn't happen.



The precious metal exchanges don't like hard possession. They like certificates and electronic trades.



Read into that what you want.

[J0E]

The whole world seems to be financially ailing in one way or another from a small US territory like Puerto Rico which is 73 billion in the hole to Greece's ongoing woes to the Chinese losing 3 trillion on stocks in a mere 3 weeks. It's hardly a surprise. These instances and numerous others have been ongoing for a long long time.



How long before the big reset bitch smacks most of the world? It can't be far off.

Jes' like where the Rich keep gettin' richer, and the poor keep gettin' poorer, so the same is true of nations.



the Big ones keep getting wealthier, while the poorer ones are becomin' poorer.



so, no surprise.



Perhaps one day the big ones will swallow up the small ones.



For some reason, I hear a huge sucking sound comin' our way from a Black Hole in China.

[J0E]

Its what happens when your entire global economy is one big Ponzi scheme.

Perhaps it's all in the Plan...



http://fc07.deviantart.net/fs71/i/2010/280/e/0/george_orwell__s_1984_map_by_bluelink97-d30a0zh.jpg">



The Power that be are hopin' one day we'll all be part of one of the Giant Nation States that'll one day take over the world.

[Bricktop]

Gold, silver and precious stones have no value. They are simply items we've endowed with value because the are pretty.



When the tsunami hits, it will be food and water that will be the most valuable assets...not silly trinkets.



Why is gold so valuable? It is not rare, nor particularly useful. Likewise other things we hold in high worth...its just because our ancestors went "ooohhh" when they found it and declared it to represent wealth. It represents nothing.



Its this kind of "wealth" concept that will collapse. Wealth based on nothing at all. Wealth based on printed money that are just pieces of paper.



Wealth that is, at the end of the day, purely and utterly symbolic.

[cc]

China stocks have nosedived. We all know that



Came across this - Trying to double check source to be sure it is legit



1,287 Chinese stocks are currently frozen – 45.6% of Shangai/Shenzhen stocks!- Equal to $2.5 TRILLION



souelbro? Do you know anything on this?

[Anonymous]

China stocks have nosedived. We all know that



Came across this - Trying to double check source to be sure it is legit



1,287 Chinese stocks are currently frozen – 45.6% of Shangai/Shenzhen stocks!- Equal to $2.5 TRILLION



souelbro? Do you know anything on this?

Oh my cc la femme..



I didn't know it was that severe.

 

[cc]

Again, I'm trying to double check source to be sure it is legit



Regardless, stocks have plummeted severely of late



June 12 5166.  Since, has "shed 1481.99 points, losing almost 29 percent of its recent high and more than $2.8 trillion of value

http://thediplomat.com/2015/07/why-is-chinas-stock-market-crashing/">http://thediplomat.com/2015/07/why-is-c ... -crashing/">http://thediplomat.com/2015/07/why-is-chinas-stock-market-crashing/



Not good - Latest - China's benchmark stock index plunged 8% at the market open on Wednesday

http://money.cnn.com/2015/07/07/investing/china-stocks-shanghai-crash/">http://money.cnn.com/2015/07/07/investi ... hai-crash/">http://money.cnn.com/2015/07/07/investing/china-stocks-shanghai-crash/

[Anonymous]

Again, I'm trying to double check source to be sure it is legit



Regardless, stocks have plummeted severely of late



June 12 5166.  Since, has "shed 1481.99 points, losing almost 29 percent of its recent high and more than $2.8 trillion of value



http://thediplomat.com/2015/07/why-is-chinas-stock-market-crashing/">http://thediplomat.com/2015/07/why-is-c ... -crashing/">http://thediplomat.com/2015/07/why-is-chinas-stock-market-crashing/



Not good - Latest - China's benchmark stock index plunged 8% at the market open on Wednesday

I wonder if the world is heading towards another recession like the one of 2008?

[cc]

Not sure where it will all end. If EU and N Am stocks start to fall significantly , we will know things are dicey

[Anonymous]

Not sure where it will all end. If EU and N Am stocks start to fall significantly , we will know things are dicey

How have markets here and in Europe been performing lately cc la femme?

[J0E]

Not sure where it will all end. If EU and N Am stocks start to fall significantly , we will know things are dicey

So actually, the whole Greece fiasco is about people & the ultra rich worryin' about the value of their stock portfolios, eh cc? And wealth which was never real ta being with and held up by hot air.

[cc]

The above post said no such thing. That was you speaking. That said, markets react to fears of poor economies and to debt vs GDP. Markets are also speculation of the what stocks will do in the future, so hot air in markets does come into play.



As to future rumbles, Greece's leader "has promised his government will submit "credible reform" proposals to its creditors on Thursday" (BBC) meaning they (and others) may just avoid the bullet ... for "a while". We will know in a day or 2. Most crisis do result in temporary fixes



As to other markets, the US is down 200 today. That does not indicate a too serious problem  so far. Europe holding .



"China to Spend $40B on Weakest Part of Economy" - BBC. China is doing things to try to hold markets. Agreed that "fixes" and deals like Greece are merely temporary fixes. We well could see serious problems in the future. China is the is one and fixes are being employed. How well (and for how long) they work we shall see. I'd not bet on them in the medium future



 Strange to me is that the world is not saying a lot about China (huge) and all in a tizzy about Greece (small)



I won't try to predict what will happen or when. What I can do is to steer totally clear of markets for some time to come

[Anonymous]

China stocks have nosedived. We all know that



Came across this - Trying to double check source to be sure it is legit



1,287 Chinese stocks are currently frozen – 45.6% of Shangai/Shenzhen stocks!- Equal to $2.5 TRILLION



souelbro? Do you know anything on this?

It's bad cc. Investors trying to sell Chinese shares have found themselves locked out of 72 percent of the market. State owned companies have been ordered not to sell off stocks. The authorities have not only failed to stabilize the market, they have actually increased panic levels.





I'm afraid we're just seeing the beginning of the great Chinese stock market meltdown. The Chinese governments measures to show retail investors that they had things under control failed miserably. The investing culture in China is a bit immature and it shows. Chinese investors are primarily momentum investors who buy whatever is moving and sell whatever is falling.



China as well as other emerging markets are suffering through bear markets that will last for years. We are seeing commodity prices way down in China. Auto sales are off too which does not bode well for the big car makers as they have focused on China for growth. The best advice for Shanghai Composite is stay out.

[cc]

Thanks for that detail seoulbro. I figured it was bad from what I had seen of it. You confirmed it is at the worse end of bad



Next step is how or maybe more likely when does it affect other countries. So far, it doesn't seem to have had a severe effect

[cc]

Seems the question is, is this a natural correction for a grossly overpriced market?



 OR is it the start of a true serious crash?