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Author Topic: How to Survive the Global Chaos of 2016  (Read 4316 times)

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Online Steveboy

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Re: How to Survive the Global Chaos of 2016
« Reply #30 on: June 22, 2016, 09:27:20 AM »
There is an easy answer to that.. even a child could figure it out ;D

Don't take credit, don't take loans don't use any form of credit what soever.. If you want some thing work hard and buy it for cash..

No credit No finance No Global Chaos  :thumbsup:

Typical nonsense from our resident genius SB - try to fly around anywhere on the globe without swiping a Credit or Debit card to verify Identity along with a Passport.  Especially on domestic flights.  Or buying a home and enjoying equity leverage without a mortgage.  Nor conduct international trade without letters of credit or Corporate Credit cards and or credit lines.

Living without credit might work in the woodlands of the Altai or Siberian wilderness but not in any modern city.

Bullshit!! I have friends and family who never took any credit and no credit cards some have assets over £10million!

Well you seem to have all the latest news and that on surviving the global crises , you seem to know all about stocks and bonds and all that??

I would presume your a very wealthy individual with vast assets/property and the likes??

Would I be correct there ? Or not?

Just asking cos from my experience the worst people on the planet besides estate agents are financial advisors?

Most are happy to invest other peoples cash , talk the bull BUT do you know many financial advisors who are seriously wealthy?

I dont! But then I'm just a village Bumpkin :chuckle:






I support no government anywhere, ever, never. No institution, No religion!!

Online Steveboy

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Re: How to Survive the Global Chaos of 2016
« Reply #31 on: June 22, 2016, 09:32:45 AM »
I would suggest you travel down to the woodlands in Dorset , UK there are plenty of folk there with out a credit or any credit, they probably wouldn't even know what Credit is!!

There are plenty of folk there walking about with second hand clothes and holes in their socks :laugh:

And plenty of them will have over £10 million in assets.. Hows that done then clever clogs?
I support no government anywhere, ever, never. No institution, No religion!!

Offline AKA Luke

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Re: How to Survive the Global Chaos of 2016
« Reply #32 on: June 22, 2016, 11:13:52 AM »
There is an easy answer to that.. even a child could figure it out ;D

Don't take credit, don't take loans don't use any form of credit what soever.. If you want some thing work hard and buy it for cash..

No credit No finance No Global Chaos  :thumbsup:

Typical nonsense from our resident genius SB - try to fly around anywhere on the globe without swiping a Credit or Debit card to verify Identity along with a Passport.  Especially on domestic flights.  Or buying a home and enjoying equity leverage without a mortgage.  Nor conduct international trade without letters of credit or Corporate Credit cards and or credit lines.

Living without credit might work in the woodlands of the Altai or Siberian wilderness but not in any modern city.

Debit cards are classed as credit cards?

Christ, it is really backwards in the states, isn't it?

If I want to fly around the world I can go into various travel agencies here in civilisation and pay slap dash or on my debit card.

Sure, I've got credit in the form of a mortgage but not everyone 'lives' on credit like you do in the states with such pride.
I know I am I'm sure I am I'm Rotherham til I die!


Online Steveboy

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Re: How to Survive the Global Chaos of 2016
« Reply #33 on: June 22, 2016, 11:31:36 AM »
There is an easy answer to that.. even a child could figure it out ;D

Don't take credit, don't take loans don't use any form of credit what soever.. If you want some thing work hard and buy it for cash..

No credit No finance No Global Chaos  :thumbsup:

Typical nonsense from our resident genius SB - try to fly around anywhere on the globe without swiping a Credit or Debit card to verify Identity along with a Passport.  Especially on domestic flights.  Or buying a home and enjoying equity leverage without a mortgage.  Nor conduct international trade without letters of credit or Corporate Credit cards and or credit lines.

Living without credit might work in the woodlands of the Altai or Siberian wilderness but not in any modern city.

Debit cards are classed as credit cards?

Christ, it is really backwards in the states, isn't it?

If I want to fly around the world I can go into various travel agencies here in civilisation and pay slap dash or on my debit card.

Sure, I've got credit in the form of a mortgage but not everyone 'lives' on credit like you do in the states with such pride.

  :thumbsup:


Nothing is worse than people who use fancy words like equity leverage without a mortgage  If some guy come round my place using any bullshit words like that I would say "Get the ***** out of my place" If your talking about buying a house without a loan , yes its not easy!! life is not easy, but you don't let that put you off. I have no plans to ever have a loan on any property , very easy just buy lots of small ones cheap in another country and sit on them.





Its like being a window cleaner and calling yourself a "Glass technician"   Financial advisors/whizz kids same shit.






I support no government anywhere, ever, never. No institution, No religion!!

Online andrewfi

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Re: How to Survive the Global Chaos of 2016
« Reply #34 on: June 22, 2016, 12:21:07 PM »
In some ways the USA is genuinely backward. Only just now are they getting to grips with chip & pin plastic transactions. They still use cheques for God's sake. Try getting forex services in a US bank...
...everything ends always well; if it’s still bad, then it’s not the end!

Offline AKA Luke

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Re: How to Survive the Global Chaos of 2016
« Reply #35 on: June 22, 2016, 03:31:54 PM »
Try getting forex services in a US bank...

Is there an actual need for Forex in the states?

I know I am I'm sure I am I'm Rotherham til I die!

Online andrewfi

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Re: How to Survive the Global Chaos of 2016
« Reply #36 on: June 22, 2016, 03:54:29 PM »
Of course there is, but, if you mean that the need is less, then yes. The need is less. But then I'd be surprised if there was any bank in the UK that didn't offer forex - but they can be a mite tardy from time to time if you want cash in hand.
...everything ends always well; if it’s still bad, then it’s not the end!

Online AvHdB

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Re: How to Survive the Global Chaos of 2016
« Reply #37 on: June 22, 2016, 09:17:03 PM »
In some ways the USA is genuinely backward. Only just now are they getting to grips with chip & pin plastic transactions. They still use cheques for God's sake. Try getting forex services in a US bank...

 :ROFL:

With regards to backward this is almost a compliment. Part of the problem a majority of American's are not aware that there are other currencies on the orb called earth.

We can thank a few hacks (Target) for chips. Perhaps some one will come up with an evil America theory but the reality is with chip cards there are competing services. In short it means a Bank of America card will in Europe work with one merchant and card from say TD will not. The flip side is a bank such as ABN has one CC that will work and another bank say Raffiesen that will not work in America.

In the end it is the client who is frustrated by this.

“If you aren't in over your head, how do you know how tall you are?” T.S. Eliot

Online cufflinks

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Re: How to Survive the Global Chaos of 2016
« Reply #38 on: April 30, 2019, 10:20:52 AM »
Bump...

All the 2016 Doom and Gloom regarding a USA Financial Bust, Credit Bust, Repeat of 2008/09 Crisis has not come to pass, yet there are a lot of folks getting ready to retire looking to move out of peak stocks and hold cash in case the SHTF... or a 2008/09 Redux.

I have been working on a knowledge engineering project for over a year with one of the worlds most successful institutional Traders with a diversified Global focus.  He mentioned on our Friday EOW Review that Most of the major market players have been shorting heavily since the S&P Tagged 2900/2950 - for various reasons that have to do with Trump's 2020 reelection prospects the S&P Tagged 2949.52 $SPX and 2951.50 ESM2019 June E-Mini Futures.

Previous All Time Highs were $SPX 2940.91 on 21 Sept 18 - informed the Plunge Protection Team was activated on Christmas Eve 2018 "Correction" and been active since then until yesterdays double TOP of the S&P 500 SPC "Cash" and Emini Futures markets.  Both of which Trade Worldwide E-Minis on Globex 24/7. 

So Peter Schiff, Jim Rickards and Agora's/Bill Bonner et.al. were just as clueless about the Trump 2016 win market boom and have stayed clueless regarding yesterday's ATH yet all are screaming doom and gloom louder than ever...  yesterday's 2950 Swing High can still run above 3,000-3050 before an anticipated trading technical correction...
https://www.barchart.com/stocks/quotes/$SPX/interactive-chart

In 2016 the BTC Crypto Raging Bull and Roaring Bear runs had just begun to form and fascinating interview regarding some of the biggest characters in the BTC World USDT Tether and Bitfinex...  NYAG providing clarity through subpoenas and a just-released 26-page NYAG report...  Tyler Jenks Hyperwave deep dive...  quite interesting analysis by a 40 Year Pro Money Manager:

Hyperwave - Bitcoin !! New York AG Turns Over A Rock!!

Since many have looked to Gold and BTC as physical and digital stores of wealth this Video Review is a real eye-opener - take away: avoid trading in and out USDT and Bitfinex in General though still quite popular in HK/SEA.

Per the Hyperwave team, BTC must finish the "7th" phase to $1K USD before the next BTC bull run begins - which will probably shake out a lot of dodgy crypto players in the meantime.

Online andrewfi

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Re: How to Survive the Global Chaos of 2016
« Reply #39 on: April 30, 2019, 01:58:16 PM »
Sorry AvHdB, Cards in the civilized world are backward compatible and so can be used on less secure terminals and imprint machines. Of course, some issuers take precautions and, much like we used to do in, for example, Ukraine and Russia a couple of decades ago, we would inform our card issuing bank of our planned travels so, perhaps we will have to do the same when leaving civilization.

What you have in Backwardistan is the worst of all worlds. No requirement for signature from card issuers and no pin to support the ubiquitous chipped cards. Over here in the civilized world, if I lose my card I am not very worried. I might go online and freeze it until I find it, I might order a new one, but there's no need to inconveniently cancel it because it can't be used for purchases without the PIN. And, before you mention it, even if it gets used online, then whoever stole the card needs to know the address at which the card is based and even if that hurdle is surmounted then the validation process used when unusual purchases start happening kick in to cut the thief out of the purchase.

On a related note, I had a problem with the PIN on two of my cards today, I don't know if the terminal was borked or I somehow forgot two PINs but I input the wrong PIN 3 times on one card and once on a second on one terminal. I did not retry the second card. :) Very odd indeed.

On my return home I logged onto one of the card apps on my phone and discovered that the one that was 'incorrectly' entered three times automatically resets after midnight. No card getting eaten or retained, very handy. The other will just be reset next time I use it somewhere else. A big improvemnt on the old system.
...everything ends always well; if it’s still bad, then it’s not the end!

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Re: How to Survive the Global Chaos of 2016
« Reply #40 on: April 30, 2019, 02:31:27 PM »
60 Minutes Report regarding a Russian Hacker who conservatively hacked over $100M in the USA and More in Europa, Africa, The Americas and Asia... living the high life on some obscure RU Black Sea resort... had to rely on an informant to find out who he is - technically brilliant though diabolical... curious if the Russian Gov angle is providing cover to their hacker networks as an arms length form of plausible deniability or more MSM Russia smears?

https://www.cbs.com/shows/60_minutes/video/CPAiZpiTp1pYGtA9pBamsrdGu1Ff9F2o/how-the-u-s-caught-on-to-hacker-bogachev/

Full video:
https://www.cbs.com/shows/60_minutes/video/ZKFgCd9iFmUAioviXdp3xaU_MGTVJHkL/a-marriage-made-in-hell-superbugs-easter-island/