RE:Well done ABI of $325K placement......Oldmariner, was just about to reply to your lasts posts, when they disappeared, poof, gone. What the heck...very strange....checked your 'activity board', gone from there too.
Anyway, very challenging times ahead, as you suggest, but not collapse. As to the Brits, they scored an 'own goal', and both their currency and bonds are suffering. However, the system is resilient, so will survive, bent out of shape, but we'd already bent it well out of shape, as you rightly pointed out.....I'd add, it's consistent over several thousand of years that we always bend the system because we alwaysl want more than we can afford, regardless of the system of govt, the country, the era, or the type of currency. It's who 'we' are.
Such being the case, gold and silver are good assets to have.
This is not a time to be financially extended, and those that are, will suffer. It's a great time for the careful and prudent, first great time for them in many years......they better enjoy it, because it won't last long....maybe another 12 months, at best.
Oh yes, re the europeans and heating, electricity etc.....already one new floating natural gas platform in place to receive compressed nat gas, two more due, not sure of timing, also new pipeline from Norway to Poland carrying nat gas......going to be difficult for Europe this winter, but they'll get through it, and will never depend on Russia again....for 40%+ of their nat gas supplies.