Europe Headed Towards Totalitarianism

Taco · Post by **Taco** » December 25th, 2013, 10:31 pm

The quality of life in Europe will continue to decline.

Europe Headed Towards Totalitarianism
http://www.moneynews.com/Economy/Jakobs ... de=16053-1

Ghost · Post by **Ghost** » December 26th, 2013, 7:07 am

FlyingMoose · Post by **FlyingMoose** » January 3rd, 2014, 5:08 pm

Ghost wrote:the 100K savings limit

FYI the limit is now 250K.

tre · Post by **tre** » January 3rd, 2014, 5:16 pm

FlyingMoose wrote:
Ghost wrote:the 100K savings limit
FYI the limit is now 250K.

What savings limit are we talking about exactly? IMO, EVERYONE should seek to have assets worth more than $250K eventually. You can't retire without having much more than that. There will be no social security or nice state/company retirement packages in the future. Those luxuries (always unsustainable) will end for those that are currently supporting themselves on them. What you live on will be what you have saved (outside of the banking system) or the assets that actually can make $$ in a bad economy.

Regardless, no one should keep anywhere near $250K in the bank....that's just plain foolish IMO.

SilverEnergy · Post by **SilverEnergy** » January 4th, 2014, 2:50 pm

Yeah, medicare, medicaid, social security and 401ks will eventually collapse completely.

Credit is tight all throughout the WORLD.

Inflation is eating at everyone's savings, retirement and disposable income.

I love it when people say,"I'm going to go overseas and escape the financial crisis in America!".

You might escape it for a while but eventually the entire world is going to suffer and it's already happening.

Despite what many people think, Europe is in BAD SHAPE.

China is in BAD SHAPE.

South America, America and Japan are also in bad shape.

And let's not forget what's going on in Russia, with riots being commonplace.

There are riots all over the world due to the worldwide economies suffering.

The_Adventurer · Post by **The_Adventurer** » January 5th, 2014, 4:02 am

Asia is actually not doing to bad. The dollar will likely fall but other countries are already working on insulating themselves from that. I moving towards doing business in other currencies, so yeah I believe in moving abroad and escaping the financial crisis.

SilverEnergy · Post by **SilverEnergy** » January 5th, 2014, 3:02 pm

The_Adventurer wrote:Asia is actually not doing to bad. The dollar will likely fall but other countries are already working on insulating themselves from that. I moving towards doing business in other currencies, so yeah I believe in moving abroad and escaping the financial crisis.

It's not going to stay good indefinitely in Asia.

Frankly, I don't think it's that great in Asia due to the rising inflation and tightening of credit in Asia, particularly China.

Just because a country isn't as bad as the U.S. right now doesn't mean it won't get worse.

Overall, inflation is going to keep rising in Asia because Asia runs on toxic fiat currency just like America.

So the countries are working on insulating themselves? But inflation is still going up in Asia.

Right now, there is no fool proof plan against global inflation.

The only solutions are for countries to stop printing their paper currency or to back their paper currencies with gold or silver.

India has 3rd highest inflation in Asia: http://timesofindia.indiatimes.com/busi ... 263603.cms

China's inflation stays high: http://www.theepochtimes.com/n3/400419- ... tays-high/

Fastest inflation in Japan since 2008: http://www.bloomberg.com/news/2013-12-2 ... -goal.html

South Korea inflation rises: http://www.upi.com/Business_News/2013/0 ... 375355054/