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Author Topic: I see an economic diasater coming...  (Read 1440342 times)

X00013

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Re: I see an economic diasater coming...
« Reply #585 on: July 13, 2010, 03:35:05 AM »
Sell your gold November 1st, 2010, then buy land. If you want to buy stock like most losers do, then ride the alcoa prospect of ww3.
                                                               http://www.youtube.com/watch?v=OqPaeb2lsRI&playnext_from=TL&videos=o4AnrTLSCuQ

u only live once and you aint comn bak

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #586 on: July 13, 2010, 04:35:59 AM »
Sell your gold November 1st, 2010, then buy land. If you want to buy stock like most losers do, then ride the alcoa prospect of ww3.
                                                               http://www.youtube.com/watch?v=OqPaeb2lsRI&playnext_from=TL&videos=o4AnrTLSCuQ

u only live once and you aint comn bak
It might be a good idea to avoid the panic that's probably coming by getting ready now, if possible.

Learn to live off the land if you live in a western state or otherwise quietly stockpile general provisions/soap-matches-medicine-etc/gun-ammo/water/fuel and so on, as much as possible.  Pretty quick, as in "Now".

Were running out of time, IMHO.  X00013 is right in that regard.

Another concern?

http://www.foxbusiness.com/story/markets/industries/government/trade-deficit-threatens-double-dip-depression/?test=latestnews

--Lee
« Last Edit: July 13, 2010, 05:36:52 AM by the_big_m_in_ok »

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #587 on: July 14, 2010, 10:31:19 PM »
NEWS UPDATE:
http://money.cnn.com/2010/07/02/news/economy/jobs_gone_forever/index.htm?postversion=2010070223
--Lee
Also, small banks are being squeezed out of existence by souring commercial loans and high unemployment:

http://news.yahoo.com/s/ap/20100714/ap_on_bi_ge/us_bailout_watchdog_small_banks

Hundreds of small banks could fail in 1 1/2 yrs.  Add that to the list of worsening problems.

Illinois is the new Greece?
http://money.cnn.com/2010/07/13/news/economy/illinois_debt/index.htm?source=cnn_bin&hpt=Sbin

Countries, as well as states, are equally bad off:

http://wallstreet.blogs.fortune.cnn.com/2010/06/18/more-bets-against-big-states/

--Lee

triffid

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Re: I see an economic diasater coming...
« Reply #588 on: July 15, 2010, 03:18:49 AM »
I get amazed sometimes about how smart people can be in spite of current events.http://www.rubber-power.com/Gallery10.htm  shows plans for a Walkalong glider.If your kids get bored being shut in some day show them this website.http://www.rubber-power.com/Gallery10.htm

sparks

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Re: I see an economic diasater coming...
« Reply #589 on: July 15, 2010, 06:51:44 AM »
    The US dept is in the form of notes.  Some of these notes take on the form of US dollars.  As other people of the world start to doubt the ability of the US to do anything beyond consume and export high tech weapons and put the US military out in the field in a mercanary position for large corporations the US credit report starts to sink.  The dollar becomes worth less or worthless and inflation takes its toll.  If the US government does not start to govern and allows itself to be a corporate  then we as citizens are in trouble.    If things continue we will be working all day for a meal never mind housing transportation and living.  Obama has done nothing to create jobs.  He just devalued the dollar by handing billions to the debt industry and the automotive industry.  What is it with the automotive industry.  They are corporations owned by multinational interests.  The jobs lost are inevitable nobody has any money to buy a new car duh.    If you are working in detroit in an SUV assembly plant you should be thinking career change as the corporations will steadily enslave peoples of other lands where there are no labor laws enviromental laws or anything else that resembles respect for the human condition.  The world has a new generation of colonists and these people are ruthless.  You think the British were bad look at every country that they pulled out of.  Right behind them the corporations pulled in.  What the Spainards did to the Americas will pale in contrast to what the corporations will do to us now.

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #590 on: July 16, 2010, 12:20:15 AM »
@sparks
With respect to your post #592,

Well said!
As George Santayana said,

"Those who refuse to learn from history are condemned to repeat it."


Deja vu all over again.  This time, though, I think the current repetition will equal the collapse of the Roman Empire for reasons similar to that time period.

Santayana is absolutely right.

--Lee

triffid

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Re: I see an economic diasater coming...
« Reply #591 on: July 19, 2010, 05:01:15 AM »
I hear that when other nations refuse to buy our debt then the dollar will soon crumble.So When you hear that China is not buying our debt and today I heard that they still are.So judgement day is not here yet.I heard some numbers today .The USA owes 14 trillion.China has bought about 900 billion of that debt.
I hear timelines ranging from two years to 70 years but whenever it is.The collapse will catch a lot of people by surprise.

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #592 on: July 19, 2010, 05:29:48 PM »
I hear that when other nations refuse to buy our debt then the dollar will soon crumble.So When you hear that China is not buying our debt and today I heard that they still are.
They're reducing the rate at which they buy, I heard on the news.  They're finally deciding to wise up.  The debt is a black hole.  Computer projections fall apart at about 2035 because of just the interest on the debt.  Right.  It's coming to an end, sooner or later.
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So judgement day is not here yet.I heard some numbers today .The USA owes 14 trillion.China has bought about 900 billion of that debt.
That's just the debt.  The ongoing costs add to that daily.  As I said, "It's coming to an end, sooner or later."
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I hear timelines ranging from two years to 70 years but whenever it is.The collapse will catch a lot of people by surprise.
Stupid people, maybe.  The OU Members should be smart enough to see the trends.  I sure do.

--Lee

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #593 on: July 21, 2010, 05:28:31 AM »
NEWS UPDATE:
http://money.cnn.com/2010/07/02/news/economy/jobs_gone_forever/index.htm?postversion=2010070223
http://news.yahoo.com/s/ap/us_unemployment_benefits_impact

I think the article is right.  Something has to happen to create jobs on a big scale for the economy to get going.  Not happening.




http://finance.yahoo.com/news/Relief-effort-fails-many-at-apf-3302765136.html?x=0

This *hits the nail on the head*.  Tax credits ended and then the bottom the balloon deflated *again*.  More foreclosures coming.  Maybe many, many more.  No end in sight.

--Lee


the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #594 on: July 24, 2010, 03:52:25 AM »
ars to 70 years but whenever it is.The collapse will catch a lot of people by surprise.
Here's one that is actually sneaking up on everyone slowly:
The whole, average American infrastructure is crumbling from fiscal neglect.  After WWII, Pres. Eisenhower invested heavily in infrastructure after he saw what great things the German Autobahn did for the German economy.

Now, it's over.  Bridges, railroads, roads, power grids, etc. are dilapidated to the point of collapse.  If it isn't the lack of money to keep the economy going, the lack of quality infrastructure will do the rest in a "collapse".

--Lee

triffid

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Re: I see an economic diasater coming...
« Reply #595 on: July 29, 2010, 11:29:19 AM »
I found an interesting website.I liked the article about stealth camping.It kind of goes along with my idea of stealth farming.http://www.off-grid.net/
triffid

triffid

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Re: I see an economic diasater coming...
« Reply #596 on: July 29, 2010, 11:39:49 AM »

triffid

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Re: I see an economic diasater coming...
« Reply #597 on: August 10, 2010, 03:49:53 AM »
How amusing ! We look to these blogs while we miss the point. The middle class in the U.S. Is being systematically eliminated by the political elite. We are asked to sell our cars, down size our homes, extend the retirement age, pay more for everything while your Congress and the Corporate elite continue to benefit from the national despair.

cletushowell

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Re: I see an economic diasater coming...
« Reply #598 on: August 10, 2010, 04:53:18 AM »
well if haliburton follows thru on ending oil and switching to there green companies in one years as I heard while installing granite in there house they thought I was a plumber
but I wasnt I was listening to the whole phone call with David the ceo hes not the boss
just a puppet told to not make any decisions let the board do it there getting there accounting in order they have silicon cells to lead frequencies basically they convert the lead frequency into light frequencies by spliting it but they dont have uvc uvb uva But I do. but there only building silicon cells to make you buy solar over and over as they over power the grid and manipulate energy spikes but Im sabataging them before they get to bankrupt us again like 911 enron mortgage. there busses are set in order so when oil ends you have to use ther busses on natural gas and solar. at least in california they are. The dollar crashes with oil get out early keep your cash get gold read revelations the letter to the Dila oceans laodiceans

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #599 on: August 10, 2010, 05:18:09 AM »
How amusing ! We look to these blogs while we miss the point.
Well, I think the average American is only concerned with his immediate comfort, so you may be right?  He might not accept the failure of the economy as inevitable because he doesn't prefer to think of something that dire to his survival?  I think that's what "John Q. Public" thinks, anyway.
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The middle class in the U.S. Is being systematically eliminated by the political elite. We are asked to sell our cars, down size our homes, extend the retirement age, pay more for everything while your Congress and the Corporate elite continue to benefit from the national despair.
There may have been an Ancient Roman senator who could have said,
"As long as people are allowed to engage in their carnal lusts and be excused for their willful ignorance, they'll accept any kind of restriction or tyranny."
(paraphrased gist of the actual quote)

I agree.  This world may not be worth rescuing by now.  It's too far gone downhill.

--Lee