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ffc, don't pick on him. He has the guts to act on his convictions. NR, you make your stand much clearer but the part about continue to buy & hold property does contradict and confuses everyone. Commercial property has a risk different to resi & that's why banks seem to have blinkers on...

Fair enough. I know people who sold their homes and waited to buy again. I was making the same point. That real estate has the intrinsic value that paper money may not. That I prefer to hold my wealth in realestate than cash. The spectre of deflation is something that we do not want to...

NR, what you've last posted is more worthy of debate mainly by its tone. I have no problem accepting that your extreme view may eventuate. I do have major problems with your 'answer' to the problem. Action must be consistent with belief. So, banks will be insolvent & govts corrupt or...

Hi, wasn't going to post [it's like a dog chasing its own tail] but will finish off this one. NR, we thank you for sounding the alarm & have taken note of it. We've also taken note that your position is very extreme. Do you KNOW for a certainty that I have not examined the other side of...

Good on ya, Keithj. Anyone who reads the link please pick out "I don't know where" and "cannot entirely rule out any particular outcome" The same as saying "your guess is as good as mine" The point is at least he acknowledges that. NR, maybe you should too. KY

Hi again, have read Chris Martenson's Chap 20, downloaded the assessment and am slightly disappointed. It's very slightly different from any other FP book I've read. And I read all that I could lay my hands on when I started the serious accumulation that will lead to self funded retirement...

Hi NR, many thanks for the link. Fantastic reading. Will buy the book if I see it. He does say though [I'll read the hard copy more carefully] that it is a continuum and he doesn't know which point the world will be at. So it's still left to the individual to assume responsibility for...

Hi Chilliaa, I shall make this my last post today. I did see the gold std remark and I wanted to say Oh yeah how do you know? It's only an opinion and like a bum, everyone has one. The gold std didn't work before because govts didn't have enough gold. So which govts can afford the gold std...

NR, now you're being really abusive. You need to take on board that what is being objected to is your opinion that only you know what you're doing. That everyone with a high LVR will necessarily go bankrupt. And Duckster, I feel for those who feel insecure about their jobs in these...

Hi, in case anyone's interested, I did dip my toes into the waters and did indeed promptly find some piranhas! Rivers of blood in stock mkts worldwide, only Nikkei went up. But it was already so low it was looking like a consumptive old man. Hang Seng has succumbed - finally. I think that...

Thanks for the views. Good input. Who are the glass half emptys? By that definition, I might be half full. I've started to nibble. KY

Hi, appears to me opportunities are opening up already. Stock market show some serious value. Some resi markets show reasonable yield. Commercial market starting to reflect D&G - where I'm at, it hasn't gone back to the high yields I saw in 03/04 but business has slowed perceptibly...