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Author Topic: I see an economic diasater coming...  (Read 1440655 times)

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #330 on: January 20, 2010, 07:35:26 PM »
...the governers grand plan to save the states budget for 2011 was to cut half the state jobs, ie schools, traffic repair/control.  in order to cut the States defacet in half.
I think the State of Maine may not be able to function adequately if they did that.
But, I'm surprised Gov. Swartznegger in California hasn't done that yet.  It might be coming, though. 
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And no things are not as bad in europe.
Well, fortunately, America is bordered by two oceans and the Gulf of Mexico.  Muslims can't sneak up on us that way.  Mexico and Canada are another problem.

If the War on Terror goes badly (likely, in the long term), there's nothing to stop the Muslims from imitating Genghis Khan and approaching Eastern Europe like Genghis did, but with a more modern, larger army this time.

The Americans and NATO can't win militarily.

--Lee

Azorus

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Re: I see an economic diasater coming...
« Reply #331 on: January 20, 2010, 08:39:59 PM »
Muslim's are not the problem.  Not sure who refered to it but we are seeing the similarity here as in the Roman empire.  People have forgotten the value of real things, like real food, not processed crap that kills you.  While I agree that science is great some of it is bad too.  What happened to the idea of getting the freshist vegetables to the table?  Instead it has turned to getting the chemically indueced fresh vegetables to the table.  There is a real problem here.  It falls way back to values.  If you don't value what you eat, breath, or do for work you will become a lacky that can be written off, which is what has happened because corporations see that most people are stupid brainless morons that will do what they are told to by the idiot box.

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #332 on: January 21, 2010, 10:33:14 PM »
Muslim's are not the problem.
You're right.  Moderate Muslims aren't a problem.  Some of their leaders are radical, Fascist/Rightist agitators, who whose founding leaders were originally recruited by Hitler to destabilize SW Asia in WWII.  Some of them are/were sociopaths, then and now.
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  Not sure who refered to it but we are seeing the similarity here as in the Roman empire.  People have forgotten the value of real things, like real food, not processed crap that kills you.
Exactly. I agree.
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While I agree that science is great some of it is bad too. 
Building deadly weapons is bad, I agree, if that's part of your point.
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What happened to the idea of getting the freshist vegetables to the table?  Instead it has turned to getting the chemically indueced fresh vegetables to the table.  There is a real problem here.
Yeah, greed and the money people desire are the reason.  More profits are the source of poor food we eat.
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It falls way back to values.  If you don't value what you eat, breath, or do for work you will become a lacky that can be written off, which is what has happened because corporations see that most people are stupid brainless morons that will do what they are told to by the idiot box.
I regret to say it, but too many people were made that way by an American education system that the politicians wanted, and the people put up with.

--Lee

Azorus

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Re: I see an economic diasater coming...
« Reply #333 on: January 22, 2010, 02:06:23 PM »
I am not saying by any means that the education system has failed in the US. but lets face it, we are losing the battle.  The war is not over until all signs of intelegence are wiped out of the US and that is not gonna happen in my lifetime.  Parents need to stand up and being one, need to get there kids into learning, anything!  What kind of country have we come to when the majority of our nations education level is that of a 10th grader.  for god sakes people educate yourselves, the internet is there for that.  If you don't take advantage of it now it will go away, just look at public libraries.

Azorus

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Re: I see an economic diasater coming...
« Reply #334 on: January 25, 2010, 06:18:46 PM »
"the banks getting closed go up and up.. up and up.. up and up"

17 so far this year with more to come.

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #335 on: January 25, 2010, 07:46:12 PM »
"the banks getting closed go up and up.. up and up.. up and up"
17 so far this year with more to come.
Very good, Azorus.
Here's a good reason, that may be a reiteration of an earlier post:

http://www.forbes.com/forbes/2009/1116/opinions-great-depression-economy-on-my-mind.html

He's right.  Printing more and more money does no good.  And recently, the housing initiative for first-time buyers is winding down, thus causing a steep drop in home bought---16+ % drop instead of the predicted 11% drop.

The 'double dip' may be starting.
 
--Lee

Azorus

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Re: I see an economic diasater coming...
« Reply #336 on: January 25, 2010, 08:14:24 PM »
I like the fact that earlier today the fed warned big banks that the interest rates are likely to rise soon, without notice!  wait wouldn't that be a notice?

WilbyInebriated

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Re: I see an economic diasater coming...
« Reply #337 on: January 25, 2010, 08:20:02 PM »
i don't understand the concern... are you all incapable of hunting your own meat, growing your own produce and building your own shelter? if you are incapable of the above, i suggest you aren't as smart as you would like to think nor very well educated in the things that really matter...


the poll doesn't have my choice which would be: i don't care if the american economy improves.

silverfish

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Re: I see an economic diasater coming...
« Reply #338 on: January 25, 2010, 10:50:00 PM »
Very good, Azorus.
Here's a good reason, that may be a reiteration of an earlier post:

http://www.forbes.com/forbes/2009/1116/opinions-great-depression-economy-on-my-mind.html

He's right.  Printing more and more money does no good.  And recently, the housing initiative for first-time buyers is winding down, thus causing a steep drop in home bought---16+ % drop instead of the predicted 11% drop.

The 'double dip' may be starting.
 
--Lee

The families that own the banks don't care if the small fish go down. Why should they, when they own the small fish? when the agenda is to amalgemate and centralise power into a global banking system?
Forget about 'green shoots' - recovery is not part of the plan, never has been.
      If you think these bailouts are to protect the economy, you are missing the point. The plan was to crash the economy from the start by withdrawing money from circulation, stopping banks from lending, burst the housing/derivatives bubbles they created - which, by the way, we haven't seen the last of yet - create new 'green' bubbles with the carbon credit scam - just look at Al Gore, Pachauri and JP Morgan's business dealings and you get the idea - lend poor countries money created out of thin air ostensibly to deal with their fictional 'carbon problem' and when they default on the loans, penalise them by monopolising their industrial infrastructure, or disallowing it under draconian new eco-regulations.
       The IMF has been busy with this piracy for years. With a global centralised 'green' bureacracy to 'save the planet' the parasitic process will be 100 times more efficient - and our gullibility, lack of critical thinking and inability to collectively take action will enslave us.
       We will see the economy degrade. When a full collapse occurs, in tandem with other engineered events, the 'saviours' will step forth - with their 'solution'
       Believe me, you don't want to be part of that solution.

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #339 on: January 26, 2010, 01:42:11 AM »
I like the fact that earlier today the fed warned big banks that the interest rates are likely to rise soon, without notice!  wait wouldn't that be a notice?
Well, if they didn't say why, someone should ask!  The Fed could risk irreparable damage to their economic 'face' if the said economy deteriorated without them noticing it, and then raise rates rates in a hurry to compensate.
(I'm being facetious and sarcastic at the same time.  Did you see that, anyone?)

Also, have a look at this:
http://news.yahoo.com/s/ap/20100123/ap_on_bi_ge/us_obama_s_economy
NOTE:
This article may be replaced by fresher news in the future.  If so, GOOGLEize  "obama faces perilous choice" and see if it was archived on a database.

--Lee

Azorus

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Re: I see an economic diasater coming...
« Reply #340 on: January 28, 2010, 04:46:16 PM »
I really don't know if it is much of a surprise anymore but the economy is still a slump.  CNN reported earlier that the housing market, while better in larger cities, is still falling with fourclosures up for January.  There has been no really move in the unemployment market, with early reporting figures in still at around 10% unemployment, but trends on highering are up, just not much.  The state of the union address over with big stresses on jobs, we will see where the first quarter of 2010 takes us, either up or down.

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #341 on: January 28, 2010, 08:59:39 PM »
I really don't know if it is much of a surprise anymore but the economy is still a slump.  CNN reported earlier that the housing market, while better in larger cities, is still falling with fourclosures up for January. ...
You're right, Azorus.  The housing stimulus for new homeowners is winding down, and as a result, sales of existing homes has fallen for two straight months.  Not a good sign, to say the least.
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... There has been no really move in the unemployment market, with early reporting figures in still at around 10% unemployment, but trends on highering are up, just not much. ...
Correct again.  I saw that on the TV news.  Times will be rough for a long period.  No end in sight, really.
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... The state of the union address over with big stresses on jobs, we will see where the first quarter of 2010 takes us, either up or down.
Obama could have done that earlier, instead of concentrating on health care.  Whether he did or not probably won't make much difference.  It's going to get really bad everywhere, eventually.

--Lee

4Tesla

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Re: I see an economic diasater coming...
« Reply #342 on: January 29, 2010, 07:43:33 AM »
Hi all,

Here is an good article I found:

An Analysis of the IMF's World Economic Outlook for 2010
http://seekingalpha.com/article/184723-an-analysis-of-the-imf-s-world-economic-outlook-for-2010

4Tesla

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #343 on: January 29, 2010, 07:33:07 PM »
Hi all,
Here is an good article I found:
An Analysis of the IMF's World Economic Outlook for 2010
http://seekingalpha.com/article/184723-an-analysis-of-the-imf-s-world-economic-outlook-for-2010
4Tesla
@4Tesla
Good article.  Things haven't changed, though.  Monetary problems haven't been addressed.  The bubble Obama re-inflated will burst like the first one.

The article didn't say that, though.

--Lee



the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #344 on: February 04, 2010, 02:10:31 AM »
@4Tesla
Good article.  Things haven't changed, though.  Monetary problems haven't been addressed.  The bubble Obama re-inflated will burst like the first one.
The article didn't say that, though.
--Lee
There's more information available:

Has everyone heard of Glenn Beck, the conservative cable TV economist/commentator?
On 2 Feb., this year, he alluded to why the economy hasn't been fixed by Obama and Congress:

1) The American debt/asset worth ratio in 1929 was 16%.  Now it's a lot worse at 96%, and a lot of that debt is owed to China.

2) Unsecured debt(credit cards, etc,) is something like $10-15 trillion.  For SSI and SSDI, it's $107 trillion.  Not including medical expense/debt.  Trillions more on top of that.  This wasn't nearly as big a problem in 1929.  Beck said this was too big to be paid off by anyone.  Impossible.

3) In 1929, people mostly owned their residential houses and were capable of growing a garden; not today.  My mom's mother was a lot more self-reliant then than most people are now.  She had a small farm and grew a garden.  People today depend on store-bought food.
I admit, I do, too.  I realize I'm in the same boat as most people, but I'll have to deal with that like everyone else, too.

All this adds up, even if I'm reading from hastily written notes.  Another set of 'nails in the coffin', so to speak.

--Lee