Breakup of the U.K. Breakup of the U.K. - Page 3
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  1. #21

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    Whorty's Avatar
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    Quote Originally Posted by scooterscot View Post
    Not worse, just long lasting.

    After 1937 markets took 17 years to recover their previous highs. The roaring twenties pumped assets to stupid levels just like where we are now.

    However, if you're without debts and have a hoard of cash, well then smile cause you're about to pick up some bargains.
    I may not know Karate, but I know crazy and I'm not afraid to use it

  2. #22

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    Quote Originally Posted by scooterscot View Post
    Not worse, just long lasting.

    After 1937 markets took 17 years to recover their previous highs. The roaring twenties pumped assets to stupid levels just like where we are now.

    However, if you're without debts and have a hoard of cash, well then smile cause you're about to pick up some bargains.
    nothing to do with a global war, then.


    WWS.
    Entropy is NOT what it used to be.
    Inertia, however........................

  3. #23

    More fingers than teeth

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    Quote Originally Posted by BR14 View Post
    nothing to do with a global war, then.
    I'm afraid a one liner retort doesn't explain the reason why 1937 is so similar to the present. War was the outcome of rising powers, populism, voter apathy, as well as the debt cycle. Sound familiar?

    When politics reaches a state that divides so many, who are mired in debt, and easily led by populist rhetoric.... you really need to pay attention to history.

    These debt cycles nearly always end in conflict between the rising powers. Back then it was Germany / US / Japan. Today it's China, who are almost reaching the GDP of the US while up to their eyeballs in debt. Just like Germany of the past, China has spread its arms far and wide, throughout Africa, South America with investment interests. Then there's the worrisome rise of populism in China itself together with the resentment of westerners. China is not the same place as it was 10 years ago greeting foreigners with open arms. The change is absolutely gobsmacking. You could argue the trade wars have something to do with it, but really this change in direction had begun before then.

    Ray Dalio discusses the anatomy of the debt cycle
    Last edited by scooterscot; Yesterday at 16:05.
    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

  4. #24

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    Quote Originally Posted by scooterscot View Post
    Blah blah blah
    you really need to pay attention to history.

    blah blah blah
    not really, i don't give a flying feck. actually
    Entropy is NOT what it used to be.
    Inertia, however........................

  5. #25

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    Quote Originally Posted by meridian View Post
    The Torygraph calls for the breakup of the United Kingdom.

    First step NI. Any other country, region, or county not pulling their weight will be next (waves at Wales, Cornwall, and anywhere north of Watford)....

    No surprises here... one of the reasons for Brexit was that poor nations are bringing UK down, why NI would be treated any different!? At last some coherence...
    "The boy who cried Sheep"

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