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City of London financiers contemplate “imminent” 2018 US stock market crash of up to “50%”

Business

Coming dramatic decline of US stock prices would trigger global recession, finds grim forecast to be explored at roundtable hosted by British financial services think-tank

Published as part of the launch of the new beta platform for INSURGE intelligence, a crowdfunded journalism platform for people and planet.

A new analysis published on the website of a London-based think-tank, funded by the world’s biggest banking and financial services institutions, warns that the US stock market is on the brink of an imminent crash that could trigger another global recession.

The document by a senior US economist and former Houblon-Norman Fellow at the Bank of England is published on the website of the Centre for the Study of Financial Innovation (CSFI), which runs around 100 roundtable events a year involving financial services insiders from the UK and beyond.

The document forecasts that in 2018, US stock prices are likely to plummet by as much as “forty to fifty percent” — compared to the less than five percent plunge in early February. The document was published weeks before the recent stock market volatility.

The warning of a forty to fifty percent drop points to the prospect of a global financial crash worse than the 2008 banking collapse.

It comes at a time when the Federal Reserve, Bank of England and other authorities are looking to tighten up their cheap money policies, as economic growth is at its highest levels since the 2008 slump.

The new analysis is an ‘open letter’ by US economist Robert Aliber, Professor Emeritus at the University of Chicago Booth School of Business, a world renowned authority in identifying the source of shocks behind over forty banking crises that have occurred since the 1970s.

The ‘open letter’, dated January 21st 2018, is published on CSFI’s website at this link http://www.csfi.org/s/QUARTERLYJAN12018.docx, and mentioned in an announcement of a forthcoming breakfast conversation with Professor Aliber in late February.

In the event announcement, CSFI director Andrew Hilton explains that Aliber is:

“… deeply gloomy about the outlook for global markets — and recently sent us an open letter (here) dated January 21, in which he predicted a fairly imminent decline in US stock prices of ‘forty to fifty percent’. That is even gloomier than his message five months ago — when he also told us that he had shifted his own personal holdings into cash in anticipation of a market bust. I am delighted (though apprehensive) that Bob has agreed to speak again — against a backdrop of ever-advancing Armageddon.”

Professor Aliber’s analysis is not officially endorsed by the CSFI. However, the institution clearly took his ‘open letter’ seriously enough that it saw fit to host a discussion around his forecast. He is due to speak at the CSFI on February 22nd.

CSFI’s programme coordinator, Angus Young, told me that:

“Prof Aliber is a respected economist, who kindly spoke at an event for us last year. He is visiting the UK this spring, and shared his open letter with us, on the back of which we agreed to coordinate a discussion of the argument laid out.”

CSFI’s supporters include around 80 financial services institutions including Barclays, Citigroup, City of London, HSBC, JP Morgan, the Bank of England, Bank of Italy, Bank of Japan, Lloyds Banking Group, the Financial Conduct Authority, UBS, the Swiss embassy in the UK, HM Treasury, among others.

In his ‘open letter’ Professor Robert Aliber notes that while the US and other major economies are performing on “nine cylinders” with numerous positive indicators from growth, employment, and investment, the global economy suffers from a “catalog of non-sustainable imbalances.”

AXIOM: The global economy suffers from a catalog of non-sustainable imbalances that have been sustained on the basis of a massive expansion of credit, fueling a rising debt overhang that is now worse than pre-2008 crash levels.

He argues that the belief in a continuing global economic boom for 2018 relies on hopes that these imbalances will not unravel. They encompass, he writes, “international payments imbalances, fiscal imbalances, misalignment of the prices of securities and real estate relative to their incomes”.

He warns that in 2018 the US stock market is due for a forty to fifty percent price crash, driven by a decline in the demand for US dollar-denominated securities:

“The prospect is that the decline in the demand for US dollar securities will lead to a decline in US stock prices, much as 1986 and 1987, or as in 2000, or as in 2006/7. How far will stock prices decline? The inference from the three previous dollar cycles is forty to fifty percent.”

INSIGHT: Past global financial crises suggest that in or shortly after 2018, a market ‘correction’ resulting in stock prices plummeting by 40–50% is to be expected. If this transpires, it would trigger a global financial crisis.

Aliber bases his forecast for 2018 on analyzing previous banking crises. Since the 1980s, there have been four waves of financial crisis sweeping across a total of sixty countries. Each wave of crisis has been enabled by a massive expansion of debt, which eventually becomes unsustainable. As the supply of credit (and thus debt) contracts, this creates a market ‘correction’ in the form of a recession:

“Each of these waves was preceded by a surge in cross border investment inflows and in the domestic supply of credit… Each of the banking crises since the early 1980s has resulted from a slowdown in the growth of credit, often prompted by move toward a more contractive monetary policy — a ‘correction’ of a non-sustainable imbalance. The borrowers had become dependent on the inflow of credit and could not readily adjust to the decline in supply.”

Such a decline in stock prices is a typical signifier of an incoming recession:

“The surges in stock prices in each decade have been domestic adjustments to the increase in cross border investment inflows; when these inflows slow significantly, stock prices decline. The declines in the first and second cycles were followed by modest recessions, a massive recession followed the decline at the end of the third cycle.”

One indicator that stock prices are heavily over-valued is that despite headline growth figures, productivity growth rates remain tepid, while US consumer savings are low. Unfortunately, Robert Aliber himself could not be reached for comment for this story.

Apart from anything else, the prospect of an imminent global financial crash in or shortly after 2018 demonstrates that the deep-seated structural failures behind the 2008 financial crash have never truly been resolved.

Moreover, if Aliber’s analysis is correct, it is less a matter of ‘if’, as opposed to ‘when.’

ACTION: The creeping resurgence of global financial instabilities underscores the unsustainability of the prevailing neoliberal economic model. New alternative economic models should be explored and disseminated as widely as possible.

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149 Comments on "City of London financiers contemplate “imminent” 2018 US stock market crash of up to “50%”"

  1. MASTERMIND on Sat, 17th Feb 2018 12:32 am 

    Greg

    You would agree with theo you paranoid nut job! Jes, george soros,, just pure paranoid schizophrenic. And who is bring a fight on US soil? Do you think the Russian would fuck with us and Europe and Israel? I think not!

  2. MASTERMIND on Sat, 17th Feb 2018 12:35 am 

    Hey look its Theo and Greg

    https://imgur.com/a/CLAqI

  3. makati1 on Sat, 17th Feb 2018 12:43 am 

    Greg, some do not realize that, if the dying eagle keeps hitting the bear and dragon with threats, some 3 AM there will be brilliant lights over American cities. At the very least, bombs will fall on America’s homeland. Oceans are no longer protection. A 10 minute missile flight. Not even time to get your pants on and down to the basement.

    EMPs will likely be the opening salvo that takes out most of the US ability to survive. The whole war could be over in a day or less. Twelve carrier groups. Twelve nukes. ~800 military sites in 60 countries, ~800 missiles.

    The number of missiles in the Russian system have to be many multiples of that number. The US anti-missile system is antique and/or only partially successful. It will be zip, bang, over. No more terrorist nation called America. Or so that is how I see it.

    Keep trying America. Pay-back is going to be a bitch.

  4. GregT on Sat, 17th Feb 2018 1:02 am 

    “You would agree with theo you paranoid nut job!”

    Theedrich is an intellectual MM, you are not.

  5. dooma on Sat, 17th Feb 2018 1:21 am 

    “Untreated mental illness combined that with a cultural of hate in a gun culture. There are many variables involved because there are many different circumstances. Mostly it is alienated young men. Young men without a future and without connection. Isolated egos that collapse in on themselves”

    Come on Dave, that is a lame excuse. Gee it wouldn’t have to do with the ingrained gun-culture or the fact that you could basically get pistol (made to conceal and kill) with a hand-written IOU note.

    We had a terrible mass shooting (32 dead) with the shooter using an AR-15. So we had an amnesty. Cash for pistols and sub-machine guns and assault-rifles. Weapons of war.

    Guess what happened. No more mass killings. It is not exactly rocket science Dave. But your violent country loves killing. Like someone else said, it is an industry. You even let your plastic cops (mall police) carry…unbelievable

    On the subject of the banks, let the fuckers burn this time, I don’t think any Jew from Goldman Sachs lost sleep in 08. This time put their greedy heads on spikes.

  6. dooma on Sat, 17th Feb 2018 1:34 am 

    Well said Theedrich. MM does not realise that the Juden will flee when the ship lists.

  7. Cloggie on Sat, 17th Feb 2018 2:42 am 

    The NYT is flirting with geopolitical implications Olympic medal table, manages to put harmless Norway on top:

    https://www.nytimes.com/interactive/2018/02/14/upshot/which-country-leads-in-the-olympic-medal-count.html

    Ah well, as long as Germany doesn’t win everything is swell for the “most respectable newspaper in the world”, the (((NYT))).

  8. TheNationalist on Sat, 17th Feb 2018 4:35 am 

    Far from deranged I think MM. I agree totally Theedrich. Mind you I wouldn’t want to be on the recieving end of any U.S. retaliation either.
    I volunteer to make the sandwiches out the back whatever happens, with MM if he calms down a bit.

  9. MASTERMIND on Sat, 17th Feb 2018 4:43 am 

    If anyone is getting hit with 3am flashes it will be that scum fuck Putin and the scum fuck russians! Don’t make us George Bush this button, over nothing..

  10. Davy on Sat, 17th Feb 2018 4:44 am 

    “As do I. Brilliant comment Theedrich.”

    Of course you do greegie, thee puts intelligent words mixed with intense anti-American hate. He says something which you are unable to do most of the time. I now know for sure now you are a closet Nazi too.
    You disgust me even more than you used to.

    Thee say many things that are true but the package that he delivers it in is like billy 3rd world, disgusting. You are just a head cheerleader to pump this scum up with hate. You think you are cute and respectable. You got the best family in the greatest location. Everything about you is screaming “I am great”. You are the worst of what is on this board because you hide behind respectability. Thee says his shit. The guy is honest and tells it like it is. He does not get into the circle jerkin stuff. The guy is very intelligent he is just too into himself with a hate and resentment. You wonder with a guy like thee if he has human contact. Does he actually have empathy? Would he go the extra mile for a friend? Does he ever cry? You wack job anti-Americans act like you have all this humanity but if someone put you in charge of the posse you would be hanging people left and right without trial and you know because it is right and the end justifies the means. Greggie, you disgust me.

  11. Davy on Sat, 17th Feb 2018 4:50 am 

    Billy 3rd world talking about his nuk war. For some reason the dumbass thinks nuk war is done in the dark. Why I don’t know.

    “Greg, some do not realize that, if the dying eagle keeps hitting the bear and dragon with threats, some 3 AM there will be brilliant lights over American cities.”

  12. Davy on Sat, 17th Feb 2018 4:56 am 

    “Come on Dave, that is a lame excuse. Gee it wouldn’t have to do with the ingrained gun-culture or the fact that you could basically get pistol (made to conceal and kill) with a hand-written IOU note.”
    Read my article dooma and get back to me. You were too busy wanting to get at me because you know, you hate Americans like me.

    “It is not exactly rocket science Dave. But your violent country loves killing. Like someone else said, it is an industry. You even let your plastic cops (mall police) carry…unbelievable”
    No shit dooma, you act like you Australians are brilliant. You are a little bitty country too. Pretty homogeneous. Did you ever think about that? The country is violent but not all the country. You just cherry pick the worst and then say ALL Americans are this way.

    “On the subject of the banks, let the fuckers burn this time, I don’t think any Jew from Goldman Sachs lost sleep in 08. This time put their greedy heads on spikes.
    Duh, who loves killing again?

  13. Cloggie on Sat, 17th Feb 2018 5:37 am 

    I now know for sure now you are a closet Nazi too.

    Davy’s definition of a “Nazi”: everybody who refuses to be a member of the US empire, or if he already is, has skeptical views about it.

    Davy, the self-styled 1-percenter, the last (racial) Soviet. The egalitarian guy from Eastern Europe. I can smell the shabby Borscht from his posts.

  14. Cloggie on Sat, 17th Feb 2018 5:40 am 

    No shit dooma, you act like you Australians are brilliant.

    They are.

    http://izquotes.com/quotes-pictures/quote-fucking-jews-jews-are-responsible-for-all-wars-in-the-world-mel-gibson-231872.jpg

  15. Davy on Sat, 17th Feb 2018 5:55 am 

    More BS from the neder Nazi. Racist pigs are Nazi. You are a racist pig and a Nazi. You scum want victory at any cost. A final solution is in all your hearts because you know, the end justifies the means and your cherry picked intelligence fits the mold.

    I am all about ending the empire attitude. You say that because I shoot down your PBM rubbish empire shit. You are all about empire nedernazi and that is why you are an extremist chauvinistic Eurotard that whines daily about being victimized and daily about how you are rising like a phoenix. You are in the same mold as billy 3rd world.

    “Davy, the self-styled 1-percenter, the last (racial) Soviet. The egalitarian guy from Eastern Europe. I can smell the shabby Borscht from his posts”
    I am a permaculture cattle/goat farmer with a doomstead. I left the 1%er life because it was not for me. I am into being close to nature in a simple life. I preach back to the land strategies. I am all about leaving the insanity that is here in the current modern world. Much of this insanity is shown daily on this board. The real issues are not talked about. There is mainly just hate and resentment. I have a 1%er family that lives far away from me. I see them on holidays and important occasions. I love my family. I bet you wish you had a family nedernazi. Maybe you would not be so full of hate and resentment. BTW, I have more “real” German in me than you do. LOL. I would not put down the Czech people either. The produce some great stuff too. It is a beautiful place with lots of history. They were not involved in the cultural rape you Dutch participated in. I am egalitarian and proud of it. I am also a realist who believes in fences make good neighbors. This works both ways too. It means the powers in the world need to quit exploiting the third world. This includes China. I am against more immigration but realize in a global world it has to happen. Until we go regional and local we are stuck with some of it. That is real. I also believe a black African child has rights as a human. The child could succeed and do just as well as a white Euro child given a chance. I have a Euro child. She speaks 4 languages and graduated with a law degree. She is half Euro and half American. Do you have any children you know of nedernazi?

  16. makati1 on Sat, 17th Feb 2018 6:02 am 

    ” I can smell the shabby Borscht from his posts.”

    Cloggie, that’s not all I could smell when I read them (past tense, you notice). I’ve used outhouses in mid summer that smelled better than Davy’s diarrhea of bullshit. He knows that he lives in a shit-hole country but cannot admit it. No 1%er can. Especially one living off of his family.

  17. Davy on Sat, 17th Feb 2018 6:27 am 

    billy 3rd world come out and whines when there is a support system. He no longer faces me head on because I bury him in his agenda shit. Talking to your buddy about me in the third person means nothing. It just shows how big of a pussy you are billy 3rd world. You both are peas in a pod extremist. IOW disgusting people.

  18. GregT on Sat, 17th Feb 2018 12:40 pm 

    “We had a terrible mass shooting (32 dead) with the shooter using an AR-15. So we had an amnesty. Cash for pistols and sub-machine guns and assault-rifles. Weapons of war.
    Guess what happened. No more mass killings.”

    Canadians have never had access to sub-machine guns, but ARs and pistols are commonly owned and relatively easy to acquire. A one day course, a criminal background check, and a short waiting period before acquisition are all that is required.

    “It is not exactly rocket science Dave. But your violent country loves killing. Like someone else said, it is an industry.”

    Indoctrination is likely the main cause. The belief that it is completely acceptable to take whatever a country wants, anywhere around the world, by force, and that the mass murdering of other people is simply considered to be ‘collateral damage’. The idea that firearms ownership is a right, (the same as the above military adventurism) rather than a privilege, and the narrative that being the ”world’s police’ means that any country can be bombed back into the stone age simply because the leader(s) of that country have been vilified by TPTB and their mainstream media propaganda outlets.

    The old adages, ‘what goes around comes around’, or ‘live by the sword die by the sword’, immediately come to mind. Any nation that does not extend the basic principals of the rule of law to others, will eventually lose those same principals for themselves.

    It’s not exactly rocket science.

  19. MASTERMIND on Sat, 17th Feb 2018 1:01 pm 

    Greg

    All humans, wolves, chimps, kill other members of their own for resources, woman and dominance..What do you not understand about that? If it wasn’t the us doing this shit then some other country would be…We are apes from Africa..So fuck the high horse you rode in on! You uneducated fundamentalist dipshit.

  20. MASTERMIND on Sat, 17th Feb 2018 1:03 pm 

    The US donates more money and resources to charity worldwide than any other country in the world..And we take in more immigrants and refugees than any other country in the world..I dont ever hear Greg, or Madkat talking about this though? I dont hear them talking about how Americans like Bill Gates have saved millions of lives in Africa? Oh course not!

  21. Anonymouse1 on Sat, 17th Feb 2018 2:23 pm 

    The exceptionalist is in full-on-flight-from-reality mode today, I see.

    Still going on about your make-believe 1% pedigree dumbass? Or your fantasy family, your jet-setting lifestyle? It certainly is a vivid fantasy life you have woven for yourself. Its almost, storybook at times.

    Now, if you only would refrain from casually endorsing and downplaying amerikas mass-murder sprees, whether of the domestic variety, or the CIA\Pentagons, that would help, if only a little.

    Oh, exceptionalist, looks like we have a new definition of insanity: (Till your next delsional rant anyhow).

    >A dumbass claim that Bill Gates(of all people), has saved millions of African lives. Where do get that crap from dumbass?

  22. Dooma on Sat, 17th Feb 2018 2:43 pm 

    “If it wasn’t us all but stopping evolution, sombody else would be doing it.

    A piss-weak statement at best.

    You love creating terror, death, destabilisation of unfavourable governments, proxy wars and build garrison S around the world. So your ignorant, corpolent people can destroy the word’s resources and have the lion’s share of the fruits.

    Ask anyone from around the world who are the loudest, insular, obnoxious people on this planet and the answer is unanimous.

    Peer review that MM

  23. Cloggie on Sat, 17th Feb 2018 2:54 pm 

    “The US donates more money and resources to charity worldwide than any other country in the world..”

    https://en.wikipedia.org/wiki/Development_aid

    European Union – $86.66 billion
    United States – $31.55 billion

  24. Cloggie on Sat, 17th Feb 2018 3:01 pm 

    ““The US donates more money and resources to charity worldwide than any other country in the world..”

    https://en.wikipedia.org/wiki/List_of_development_aid_country_donors

    % GDP

    US…0.15
    EU….0.5

    Norway – 1.07%
    Sweden – 1.02%
    Luxembourg – 1.00%
    Denmark – 0.85%
    United Kingdom – 0.72%
    Netherlands – 0.67%
    Finland – 0.55%
    Switzerland – 0.47%
    Belgium – 0.45%
    Ireland – 0.45

    Western European nations spend 3-7 times as much on foreign aid as Americans.

    Glad to be of service.

    And you millimind, are an idiot.

    What are you now?
    …..
    Exactly.

  25. Anonymouse1 on Sat, 17th Feb 2018 3:15 pm 

    See exceptionalist, even an idiot like clogged-sphincter, a fraud and an imbecile who doesn’t know the difference between energy, and energy storage, and much else besides, feels comfortable calling you an idiot.

  26. GregT on Sat, 17th Feb 2018 3:30 pm 

    “All humans, wolves, chimps, kill other members of their own for resources, woman and dominance..What do you not understand about that?”

    What do you not understand about the rule of law?

    People with attitudes like yours should be removed from the human gene pool. Completely unacceptable.

  27. Cloggie on Sat, 17th Feb 2018 3:49 pm 

    “See exceptionalist, even an idiot like clogged-sphincter, a fraud and an imbecile who doesn’t know the difference between energy, and energy storage, and much else besides, feels comfortable calling you an idiot.”

    I still have to devide whom I’m more comfortable with calling an idiot, you or millimind. What a depressing lot, you two.

  28. MASTERMIND on Sat, 17th Feb 2018 4:06 pm 

    Greg

    The only laws in the universe are the laws of nature…And I don’t know why you are mad at me..I am just educating you about basic evolutionary biology. For example put two families on an Island with only enough food and water for one to survive..I guess you get the picture…People are products of their environments and there is no such thing as free will.

  29. MASTERMIND on Sat, 17th Feb 2018 4:09 pm 

    Greg

    You and Madkat just want to point your fucking fingers at the US because it makes you feel like a “good person”…Its totally self serving…You need places like America so you can point your fucking fingers and say that is the bad guy…So what does that make you? Good? You are not good, you just know how to hide…

  30. Davy on Sat, 17th Feb 2018 5:21 pm 

    WEASEL, why not debate me on something of substance. We all know you can stalk and prick. Big deal. Do you have intelligence is the unanswered question.

  31. Davy on Sat, 17th Feb 2018 5:23 pm 

    “Ask anyone from around the world who are the loudest, insular, obnoxious people on this planet and the answer is unanimous.”

    Ah, that sounds just like you. LOL. dooma, you really are a bore. we know you hate Americans so what. You are another one that needs to demonstrate intelligence. You and the weasel need to be pen pals you have so much in common.

  32. Davy on Sat, 17th Feb 2018 5:28 pm 

    “Western European nations spend 3-7 times as much on foreign aid as Americans.”

    neder, try looking up what American individuals give through their organizations especially their churches and get back to me wiki brat.

  33. makati1 on Sat, 17th Feb 2018 5:41 pm 

    Guys, insanity rules in Amerika these days. MM / Davy are some of the best examples of that. They grasp at straws trying to support their deluded picture of the world.

    The US is going down. It is quite obvious if you do not live there. ‘Frog in pot’ syndrome. But, it is getting more and more difficult to ignore as it is now affecting most Amerikans in their pocket book and their fear of home grown terrorists.

    The Great Leveling will be very painful for most as they pay the price for their greed. So be it. Well deserved.

  34. Davy on Sat, 17th Feb 2018 5:54 pm 

    billy 3rd world talking about the ‘GREAT LEVELING” again. billy, you are so boring because you say the same thing over and over but this is common of old people who are entering early onset dementia.

  35. TheNationalist on Sat, 17th Feb 2018 8:19 pm 

    Some things can not be ‘leveled’, iq for one. The marxists will destroy themselves even trying. It’s a bit like the social equivalent of the west trying to bring democracy to Afghanistan or Iraq with military force. Yeah Yeah I know, some Chinese have F150’s now and they are far better at mass producing cheap rubber dogshit than America or the UK but there is a bit more to quality of life and progress.
    What passes as “middle class” in Beijing is still vastly different to a middle class lifestyle in Sydney or Edinburgh.
    Here in Australia we are better off than ever and we will always stand with the UK and our friends in America against the yellow walkers in the North!.
    Winter is coming for Asia!
    The Nights will be long and full of Amazon trucks!

  36. TheNationalist on Sat, 17th Feb 2018 8:27 pm 

    Everyone stop arguing!!!
    I am right, you are all wrong!!!!
    The problems are solved anyway, the Chinese are building a fleet of aircraft carriers to net all the plastic in the ocean.
    They are also building giant nets for orbit to catch space junk.
    This is all going to run on solar PV and Cloggie and Davy and MadKat have all moved to a farm in the Phillipines so they can near each other and be friends forever.
    P.S. Mastermind and Greg are still nutters but hey you can’t have everthing right?

  37. MASTERMIND on Sat, 17th Feb 2018 8:57 pm 

    Retail Apocalypse Accelerates: 200 Winn-Dixie Stores To Close As Parent Goes Bankrupt

    https://www.bloomberg.com/news/articles/2018-02-16/winn-dixie-owner-bi-lo-is-said-to-prepare-for-bankruptcy-filing

  38. Dooma on Sat, 17th Feb 2018 10:02 pm 

    Your logic is screwed entirely, Dave. You are the hay-seed cunt giving fellatio to your horses. You are very county.

    If you cannot differentiate between innocent people going to a place of entertainment or knowledge & greedy people who live off the sweat of others, then there is NO hope for you at all. The body count of the innocents is too big to stand in front of and try to justify

    OTOH, word greed has reached a point where it is time to eat the rich! I don’t like death, but I don’t want slavery either.

  39. MASTERMIND on Sat, 17th Feb 2018 10:21 pm 

    Anticipating the Apocalypse? How to Grow Bud in a Bunker

    https://hightimes.com/grow/anticipating-the-apocalypse-how-to-grow-bud-in-a-bunker/

  40. GregT on Sat, 17th Feb 2018 10:44 pm 

    I call BS on that article MM. Marijuana is illegal in Canada. That grow-op is more than likely somewhere in the US, where pot is legal.

  41. MASTERMIND on Sat, 17th Feb 2018 11:08 pm 

    Bulletproof backpack sales rise in wake of mass school shooting

    https://nypost.com/2018/02/16/bulletproof-backpack-sales-rise-in-wake-of-mass-school-shooting/?utm_campaign=SocialFlow&utm_source=NYPTwitter&utm_medium=SocialFlow

    Can’t wait for it to be on the trump store. The MAGA red bulletproof backpack would go great with my red Russian history books. /s

  42. MASTERMIND on Sat, 17th Feb 2018 11:13 pm 

    Greg

    Who gives a shit where it is located..I can tell you are not a smoker…You fundamentalist are way to high strung…And not kind and social enough to be bud smokers.

  43. GregT on Sat, 17th Feb 2018 11:19 pm 

    “I can tell you are not a smoker…You fundamentalist are way to high strung…And not kind and social enough to be bud smokers.”

    I will add that comment to the very long list of things, proving beyond a reasonable doubt, that you are a complete idiot MM.

  44. MASTERMIND on Sat, 17th Feb 2018 11:21 pm 

    Bill Maher: Jeff Sessions has already ordered the arrest of the Black Panther….

  45. GregT on Sat, 17th Feb 2018 11:28 pm 

    A little piece of advice MM.

    Get a job. No matter how menial, if you put the effort in, opportunities will present themselves.

  46. MASTERMIND on Sat, 17th Feb 2018 11:37 pm 

    Greg

    I have a job and have worked since I was 13 years old. I wasn’t born with rich parents who worked for the state like you..

  47. GregT on Sun, 18th Feb 2018 12:09 am 

    MM,

    I was kicked out of the house the week after I graduated from high school. I was two years ahead of my class and graduated at 16. My Dad was a militarily minded asshole, and in many respects, still is. After being booted out on my ass, I have never received one red cent from my father. Sink, or swim.

    I wouldn’t be so concerned about a post secondary education if I was you. Most everyone today has one. Not worth the paper that they’re printed on anymore, and you’d spend the next twenty years of your life paying off the debt instead of getting ahead.

    Learn a trade, work hard, and you’ll be miles ahead of the rest by the time you’re my age. If you have strong work ethics and any semblance of social intelligence at all, you’ll retire a multi-millionaire. Skilled trades people are hard to find, and in high demand. University educated thirty something year olds are a dime a dozen, and their degrees are not worth the paper that they’re printed on. If you don’t have an in, you may as well be flipping burgers at McDonalds, with a massive debt load hanging over your head.

  48. MASTERMIND on Sun, 18th Feb 2018 12:32 am 

    Greg

    I appreciate your advice. The thing is that we are headed for a global economic collapse within the next decade. Whether you are a stock broker or a window washer. It will make no difference. If we had another 50 or so plus years of slow decline. Then I would agree some sort of skilled trade might be helpful. But unfortunately we do not. So now time is of the essence.

  49. GregT on Sun, 18th Feb 2018 12:47 am 

    MM,

    While I do agree with you, that collapse is imminent, I have been aware of that since the 80s. Long before you were even born.

    Neither you, nor I, have any idea as to how long this will all drag out. The worst possible thing that you could do for your own future, would be to give up now.

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