Member Info for Wids

Liquidity Liquidity Liquidity... Debt comes second.

Sandpit - have said many times before, but I'll say it again. Democracy is its own biggest weakness. Elected officials never do the rights things for the greater good of the nation, but cover the popular vote and their ar$es come the next election. They will promise you everything and drag the country further into debt. Put your faith and trust into .govs and CBs at your peril. Examples need to be set, lines drawn, integrity and morality has long gone I'm afraid, but my answer would have been the same, with an order for freshly cut oak and hemp - or hired Kim's anti-aircraft gun. BTW if gold is important enough for govs to confiscate it from individuals - then it's important to own it.

Blood Fish & Bone, go long. Can always chuck in a few kippers.

Forgot to say, a few Bankers and their cohorts should've had their necks stretched an inch or two, just to square things up. Ideal occasion for popcorn or olives.

And the focus is now on PRIME

Sandpit - what would I have done? Basically fcukall. No one forces anyone to take out a mortgage at whatever rates, or buy a set of wheels, holiday, a yacht maybe. If banks fail, let them go, same as companies. I agree the .govs or agencies should have warned or squeezed the situation but why spoil the party. I'm not on this planet as a tax payer to bail anyone out - tough world. Have lessons been learnt? I don't think so. Peeps are lining up to pile on more debt, it's cheap, have fun, use the house as an ATM - why not?...but if you get caught up in a liquidity crisis make sure you have a tent and calor gas. Govs and CBs are sick to death of bailouts which neither can afford. Debt comes with risk which strangely has become unthinkable. Moral hazzard.

Sainharry, we all live in the same dog house ECB BOE BOJ FED and all. They interfer distorting markets supposedly for the greater good of all. The reality is they're creating a bigger bust in the future. When it all goes teats up Mr market will apply true price discovery, the CBs are out of ammo and we'll have to take it on the chin.

The Greeks should have never be allowed into the euro system. Goldman fiddled the Greek books. The EU knew it!....but friends are friends - own goal by both sides. Low rates were the carrot, and tears followed.

There's nothing quite like the world's well being in the hands of a private bank....lol

Yes James. US actions of today are typical of a nation going bankrupt, if not already - Top dogs die hard.

John 21:55 post. "Bond yields will go up forcing Mario to reinstate QE . Debt induced growth , is not REAL growth" - exactly right. QE can never end, it's becoming a leaking tap. The EU is full of zombie company's who now rely on ECB buying their debt, let alone Sovereign nations. Bolt on consumer debt all based on ECB ZIRP there's no way QE will end or rates can go up, unless you want a depression for decades to come. The ECB Huff's & Puffs as if they're in control - they're not. Boxed in and no wiggle room to manovre come the next crisis. The dot-com bubble & the financial crisis 08 interest rates were alot higher, then cut to zero and near zero in some cases and now remain. So the next crisis they're fcked, up shit creek without a paddle. There lays the problem, if they raise rates and do QT it's end game, if they do nothing when the next crisis comes, no where to go - end game. So look forward to helicopter money! Jayfax. Didn't say this country has taken back control - No. It's in the process. These things take time as do a nation collapse. Yes Greece is near ending it's bailout programme which is not the same as being fixed - it ain't. Italy is no Greece. It's the elephant in the room.

Seems to me you've got you head buried in a sandpit

Yes john, and we all know what happens to asset values WTSHTF

Jayfax, when you give away control, especially financial control as the euro crowd have done - expect pain in the future. Italy next up. Followed by?...take your pick.

Then think

Yes Troajan, but not by free markets they ain't! - which means?

Don't forget the ECB in buying up and monitising debt and anything that moves - translation? On zero rates. In other words the zone is fcuked.

UK was 88% in 2015 France 95% Italy 131% Spain 99% Greece 176% Not EU bashing - facts. We're all in financial shite whichever way you view it - cleanest dirty shit.

Snige - that's what all nations are doing - while robbing us all blind

Common theme.... The rise and fall of nations - Debt kills all. You need more and more debt to service old debt. No way out. Engineered by CBs as always, the wealth feel good factor sucks the suckers in on debt and leverage - then bang! Now you know why banks/financials aren't popular to invest in - rightly so.