Originally posted by scooterscot
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Reply to: General DOOM thread
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Previously on "General DOOM thread"
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Originally posted by GJABS View PostPrice of gold in 2003 was around $325/oz, today it is $1226/oz, so a 73% drop in value, not as bad as 90%
Gold Price Chart, Live Spot Gold Rates, Gold Price Per Ounce/Gram | BullionVault
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Originally posted by scooterscot View PostIn the last 15 years the dollar has lost 90% of its value against gold - you call that trust when the printing presses are burning that fast and furious? I call it theft.
Gold Price Chart, Live Spot Gold Rates, Gold Price Per Ounce/Gram | BullionVault
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Originally posted by scooterscot View PostEN currencies looking bad because of US debt they've taken on. I could not use trust and US finance in the same sentence. In the last 15 years the dollar has lost 90% of its value against gold - you call that trust when the printing presses are burning that fast and furious? I call it theft.
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EN currencies looking bad because of US debt they've taken on. I could not use trust and US finance in the same sentence. In the last 15 years the dollar has lost 90% of its value against gold - you call that trust when the printing presses are burning that fast and furious? I call it theft.
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Originally posted by scooterscot View PostIt is common knowledge UK debt is over £2 trillion, not a scrap on US levels. The pound will be around long after the dollar. Everyone thinks I'm barking suggesting the dollar is going to collapse out of existence. Yet the signs are everywhere.
Just the least ugly in an ugly parade.
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It is common knowledge UK debt is over £2 trillion, not a scrap on US levels. The pound will be around long after the dollar. Everyone thinks I'm barking suggesting the dollar is going to collapse out of existence. Yet the signs are everywhere.
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Originally posted by scooterscot View PostThe collapse will occur when it is generally realised the US has $70 trillion dollars worth of debt.
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Originally posted by DimPrawn View PostCollapse won't happen until something like a big US bank collapses, Trump is impeached or a proper war starts somewhere.
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Treasury spreads and (real) interest rates.
This baby goes down when the Sovereigns start crumbling, the Corporate debt will just grease the velocity.
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Collapse won't happen until something like a big US bank collapses, Trump is impeached or a proper war starts somewhere.
A few billion vanishing due to a debt or private investors losing money won't affect the global economy.
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KUTITB
I've been saying this in my stock market crash thread for donkeys. The debt corporations are pilling upon themselves is bonkers. And rates will increase. Upon the moment consumers rain in their spending expect a wave of collapses. Then watch the housing market blow up like a fart in the wind.
Cheer up... new piece I'm practicing, Nuvole Bianche by the great Ludovico Einaudi, which is burning my remaining grey matter. But with a view of the sun setting over Austrian alps I really can't complain.
A picture I took the other night,
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General DOOM thread
Over-leveraged companies face catastrophic spike in defaults, Moody's warns
Companies are piling on debt and making themselves vulnerable to the next economic downturn, Moody's has warned.
The credit ratings agency said that covenants on leveraged loans, which are designed to protect investors from firms defaulting, had weakened to their lowest level ever seen in Europe.
Covenants lay out limits on how much more debt a company can take on.
“A tight covenant structure is good for lenders. Because it inhibits the company from taking certain actions to the detriment of lenders. A loose covenant structure is generally credit negative,” said Peter Firth of Moody’s.
Over-leveraged companies face catastrophic spike in defaults, Moody's warns
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Get ready for the collapse!
HTH
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