Is a Global Financial Implosion Right around the corner?

[cuban_assassin]

Are we in an economic collapse and will this collapse make 2008 look like a minor speed bump? There seems to be many similarities occurring that happened right before the 2008 crash.
Will another crash quickly snowball into a economic crisis and ultimately lead to the collapse of the american dollar as the global currency?
What should we as farmers be doing to prepare and protect ourselves?
Any thoughts from you economic and market Guru's would be appreciated.

[biglentil]

Right around the corner nah we at least have till the last blood moon of the tetrad in late Sept. Best investment advise go long underwear.

[AlbertaFarmer5]

According to Martin Armstrong, yes, something big will happen this fall. As far as what to do to prepare, I haven't yet figured out if it will be deflationary or an inflationary collapse. Preparing for the wrong one will have a very bad outcome. IF it is inflationary, then just being a farmer deeply in debt, with inputs pre bought and no crop presold will be preparation enough.

The trouble with preparing for end of the world as we know it scenarios is that they so rarely ever come true, and we end up missing all of the opportunities in the meantime.

[bucket]

Let's say things go south and farmers have their crops contracted at good prices. The graincos will walk away from them with government approval judging by the last 4 year shit show.

And the fact that no one has worked on a fair standardized contract.

Everyone says it's the farmers responsibility. Nope everything from grading (CGC) and contracts still needs a government with some balls to enact better contracts.

It's sort of funny how the government can impose checkoffs on farmers but never act that quick to put better contracts with penalties against railways and graincos.

Most days, with the crop I have and is currently forecast to be pummeled into the ground with a high wind and rain event, I feel like the dodo bird going for the last watermelon.

[biglentil]

Deflation nah would mean people will put more faith in the value of the dollar. There is something like 25 times more money supply now than 1980. Buy commodities sell paper the chickens are coming home to roost.

[sumdumguy]

Do the opposite of what seems logical.

[ado089]

If there is a crash it will be caused by debt default in shaky investments like shale oil, Chinese real estate, etc. Writing off debt and putting a halt on lending will destroy the money supply faster than the governments can print. That is deflationary.

[biglentil]

Sounds like your talking about 2008 ado and the pop of the subprime loan bubble and Lehman bros. Who remembers the deflation? Sure didn't see land or equipment prices drop. Money supply was quickly tripled and the can kicked down the road. Well we are coming up to the can and it will be kicked down the road again with more QE. To take the responsible approach would be political suicide for the party in power. There is no limit on the speed they can print 0's and 1's, which we call money.

[wakopa]

Think I predicted a worst crash early last winter, stay tuned .

[ajl]

The answer to the question is an overwhelming yes. Governments around the world have been battling the downturn but are losing. The result will be a long term (30 year) slow decline in living standards as aging demographics and debt hangovers overwhelm stimulus attempts