'We are reaching the end game in Europe'

**boarderbloke** · Oct 11, 2014, 08:13

[URL="http://www.reuters.com/article/2014/10/10/banks-regulations-collapse-idUSL2N0S52LK20141010"]U.S. and UK to test big bank collapse in joint model run[/URL]

**ajl** · Oct 11, 2014, 08:30

They have hit the end game in Europe and QE will only make the problems worse. Coming to Canada soon. With lower energy prices the Canadian economy is toast as well.

**cottonpicken** · Oct 11, 2014, 09:29

They have no choice they have to recap the banks visa ve qe.

We cant take the medicine or it will kill us.

There is no way out.

When this all over alot of people are going to loose alot of money.

God i hope i'm wrong.

**farmaholic** · Oct 11, 2014, 10:53

Cotton, how have you managed your assets to help mitigate some of the risk. You have any mutual funds or cash deposits? Or are you talking overall severe deflation of all assets; paper, stocks, cash, land , metals?

**grassfarmer** · Oct 11, 2014, 12:02

So what do you think of this comment?

"Deflation actually increases the value of the frugals savings. Governments hate deflation as it allows the debts to be repaid with stronger dollars. They need inflation to hurt the saver."

**rockpile** · Oct 11, 2014, 12:08

I certainly don't have the smarts nor the broad base of knowledge and experience in the field of economic theory to even understand what is going on or much less predict what will happen next. I do think there is a huge shift happening globally in what had been the status-quo for the last 60 years. In the developed world, the rich are getting richer, the poor are getting poorer and the middle class is treading water. Meanwhile, in the developing world, the rich are getting richer, the middle class is getting bigger, and the poor are still poor. But sitting here in the catbird seat I'm reminded of some advice given to me a long time ago and it goes like this:
If you and a pal are hiking in the mountains and you encounter an angry charging grizzly bear, remember, you don't have to outrun the bear - just your pal.

Happy thanksgiving everyone!

**fjlip** · Oct 11, 2014, 13:02

Or stay one step ahead of the "bear/economic crash", and all appears to be just fine. That seems to be the plan, put off the consequences of an INSANE banking system, created by the 1% very very rich calling the shots, including dictating to world governments.

**Klause** · Oct 11, 2014, 15:26

This is part of what I was alluding to in my earlier post

**errolanderson** · Oct 11, 2014, 16:38

Bad close on Friday . . . .

Is the next Black Monday, Oct 13th, 2014?

'We are reaching the end game in Europe'