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that is about the sum of it Andyglo... and with so little memory...

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Dillinja

2,182 Posts.

16/02/17

16:01

Post #: 22674176
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Originally posted by AndyIgo ↑

Hi Dillinga and all,

In regard to a country declaring bankrupt probably not in the same way a company might.

However, I guess having the IMF come into a countries financial matters is much the same thing as calling in the administrators.

There is only ever one way to go broke and that’s too much debt.

Previous options have been.

Default.

Inflate away debts.

Or unfortunately the really bad one war!

It’s not all doom and gloom fortunately even during the great depression 75% of the population held onto some kind of job and whilst life may not have been great at least it continued.

Holding onto some physical Gold and Silver I hope to remain in at least the top 50% of the population that makes it through the next great depression.

Cheers and very best regards: Andy

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that is about the sum of it Andyglo... and with so little memory of what war actually entails and the rising of populist movements in so called developed countries. i fear they will push just a little too hard
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