Deflation danger ahead

[craiger]

pull all your money out of Canadian Banks I am warning you buy solid asset commidity's like gold, silver, copper Now! I also advise to stock up on guns and lots of ammo it will be our future bread. Even Harper has come out to say this will be the worste we have seen since the Great depression of 1929 unemployment can be expected to rise to 16% and all those maxed out in credit debt will lose everything and live on the street. This is a pre engineered plan to destroy the middle class. This is not a conspiracy but a "dialogue" protect yourself now! pay off all debt that are interest based. as we speak they are printing a ton of money for a stimulous package what this means if you flood a market with new money (drastically increase the money supply) you will sky rocket inflation devalue the dollar and hurts the people, second of all we pay huge interest to private banks, from the 2007 budget we already pay $35 billion a year in interest. I am warning you pull everything out now, you will lose everything if you don't.

[noahbody]

Would you say it's time to crack people's heads open and feast on the goo inside?

[craiger]

Would you say it's time to crack people's heads open and feast on the goo inside?

No but you can expect to see people eating toilet paper like they did during the great depresion.

[eyeball]

I think I'd rather eat goo.

[Wilber]

This is not a conspiracy but a "dialogue" protect yourself now! pay off all debt that are interest based. as we speak they are printing a ton of money for a stimulous package what this means if you flood a market with new money (drastically increase the money supply) you will sky rocket inflation devalue the dollar

So you will be paying back debt with inflated dollars that are worth less than the ones you borrowed. Sounds like a conspiracy against lenders to me. There's nothing new in it not being a good idea to carry a lot of unnecessary personal debt, even in good times.

If this thread is about deflation, why are you ranting about inflation?

[Vancouver King]

I am warning you pull everything out now, you will lose everything if you don't.

Get a grip, how can we arrive at the coming depression without a bout of deflation?

[Mr.Canada]

It's certainly time to be prudent with investments but any knee jerk reaction by investors will certainly drive the country into recession. We aren't there yet.

[whowhere]

pull all your money out of Canadian Banks I am warning you buy solid asset commidity's like gold, silver, copper Now! I also advise to stock up on guns and lots of ammo it will be our future bread. Even Harper has come out to say this will be the worste we have seen since the Great depression of 1929 unemployment can be expected to rise to 16% and all those maxed out in credit debt will lose everything and live on the street. This is a pre engineered plan to destroy the middle class. This is not a conspiracy but a "dialogue" protect yourself now! pay off all debt that are interest based. as we speak they are printing a ton of money for a stimulous package what this means if you flood a market with new money (drastically increase the money supply) you will sky rocket inflation devalue the dollar and hurts the people, second of all we pay huge interest to private banks, from the 2007 budget we already pay $35 billion a year in interest. I am warning you pull everything out now, you will lose everything if you don't.

Chicken little??

[stignasty]

pull all your money out of Canadian Banks . . .

Yeah, 'cus that's not what happened in 1929. If people only ran to their banks and pulled their money out we never would have had the Great Depression.

[August1991]

Yeah, 'cus that's not what happened in 1929. If people only ran to their banks and pulled their money out we never would have had the Great Depression.

Stignasty, you foolishly misunderstand individual and collective action. Adam Smith accurately noted that sometimes individual action encourages the public good. If you don't understand this idea, I suggest that you go back and look at John Nash's proofs.

----

In 1930, the smart ones sold out early as did those in 2008. This is the collapse of a bubble. It happens.

Edited November 23, 2008 by August1991

[craiger]

So you will be paying back debt with inflated dollars that are worth less than the ones you borrowed. Sounds like a conspiracy against lenders to me. There's nothing new in it not being a good idea to carry a lot of unnecessary personal debt, even in good times.

If this thread is about deflation, why are you ranting about inflation?

Point being Harper don't know his ars from a hole in the ground of course things will inflate.

[cybercoma]

It's good to know that the economy can be in a shambles, but companies like Alcan will still make money.

Buy your stocks today!

Edited November 24, 2008 by cybercoma

[Oleg Bach]

The finacial industry is running adds on free courses on how to invest - that sounds desperate.

[Mr.Canada]

Point being Harper don't know his ars from a hole in the ground of course things will inflate.

Let's try to keep the vocabulary above a third grade level please guys.

[Wilber]

Interesting. Today RBC warns that 4th quarter profits will be down 15% and the stock is up just over 3 bucks at the moment. The sky is falling.

[M.Dancer]

Interesting. Today RBC warns that 4th quarter profits will be down 15% and the stock is up just over 3 bucks at the moment. The sky is falling.

Profits may be down.....but there will still be profits

[Wilber]

Profits may be down.....but there will still be profits

Exactly, RBC's market cap is 1/3 more than Citigroup, even though Citgroup was rated the 13th largest bank in the world in assets during 2007 and RBC was 34th. Tell me again there is no difference between Canadian and US banks. TD, regarded as the bank least effected by the current crisis is yielding 7% at todays prices. Amazing.

[eyeball]

The finacial industry is running adds on free courses on how to invest - that sounds desperate.

Perhaps they should give out some free samples to play with as well.

[Oleg Bach]

Perhaps they should give out some free samples to play with as well.

It would be fair if they hand out a few bail out bucks to the banks and a little to the investor in training to play with. When I heard the commerical on the radio - I thought...all those people in the money buisness who are so happy to get money for free by handling yours, are now worried about their jobs. So they run adds as if only they know how to invest money safely. I guess in time they would hand over these new trainees to their friends - who would lose the money and - THEN give them a course in RISK management at a nominal fee.