Bear said:The two things I can think of that could cause:is the cashless system mentioned by Altair above or some kind of major disruption to societies that is planet wide. The most likely candidates for the major disruption would be cosmic catastrophe (ie meteor or comet fragment bombardments) or some kind of major shift in climate (ie an ice age). The C's comment above makes it seem like it is a monetary event, but the past few sessions have also had the topic of being safe in terms of cosmic catastrophe. Maybe we will get a bit of both at the same time?C's said:A: Very good in fact because there will soon be no money. Notice that banks are already making gestures toward confiscating funds.
Personally I don't see now or the future as a time to try to beat the system or use the system's possible weaknesses in terms of exchange rates and the such. Things could get out of control fast with unpredictable results and I'd want to have a position that is secure before any of it starts. That's just me and I'm conservative when it comes to taking risk with financial matters. I'd be looking for ways to be outside the system as much as possible.
Thanks Bear, you put in words what was on my mind. I was thinking about those latest hints by the C's re "no money soon" and the earth changes stuff, and it seems like one is going to be the direct outcome of the other. I mean, what else can result in the total collapse of the world financial system if not the major natural (cosmic?) disaster?
Dollar and stocks bubble can explode without any "external" interference, but what can make the whole world refuse money system in general? Barter cannot efficiently substitute money system. Gold and silver are also less convenient than money. Electronic money is still money in essence, whatever we may call it. So, if the money system in its entirety will totally collapse soon, the most probable reason for this can be force major (acts of nature).
Another option is a global nuclear war, but it seems unlikely to me, despite the current international tension.
I also agree with you that it's better to stay outside the money system as much as possible (both in terms of debts and deposits) and invest in "needful things" instead.
And thanks everyone for another fascinating session. What an excellent learning experience for all of us again!