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Author Topic: I see an economic diasater coming...  (Read 1440586 times)

triffid

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Re: I see an economic diasater coming...
« Reply #630 on: August 18, 2010, 08:42:40 PM »
What I have in there now could be zero in 5 more years.

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #631 on: August 18, 2010, 10:06:50 PM »
Now, getting to a balanced budget, now that's where alot of us disagree?triffid
Them?  Congress?!?!  They exist to perpetuate their perpetual existence.  It would solve problems to do things right and then they'd be out of a job!   >:(   :D   ::)   :P

--Lee

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #632 on: August 18, 2010, 10:20:07 PM »
How can we double dip, when in actuallity, we still have negative growth?
@triffid
With respect to your posted Reply #629, the computer simulations of interest payments usually causes system crashes that might even freeze a computer and force a hardware reboot about the years 2025-2040, depending on how inflation, employment, mortgage defaults, etc., etc. is figured.

The collapse occurs no matter what they try.

--Lee

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #633 on: August 18, 2010, 10:30:01 PM »
Hi America, what happens today teaches us a valuable lesson. ...
I agree with about all you said, but one thing bothers me:

Some of the blame for the economy lies with average people "who wanted their cake and to eat it, too."  They believed the lies they were told and didn't check into how good things really weren'tSome intelligent people on the streets know this economic truth, but they may be a victim of other people's decisions in Washington, as well as their own poor decisions, I realize.  But, they're responsible for their own actions if they wanted something that they believed they could have in spite of past evidence to the contrary in the Great Depression.

Too many people don't ever learn, generation to generation.  Otherwise, you're correct, IMO.

--Lee

triffid

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Re: I see an economic diasater coming...
« Reply #634 on: August 19, 2010, 12:15:40 PM »
By 1932, the Great Depression had spread across the globe. In the U.S., unemployment had reached 24.9%,[46] a drought persisted in the agricultural heartland, businesses and families defaulted on record numbers of loans, and more than 5,000 banks had failed.[47] Tens-of-thousands of Americans who found themselves homeless and began congregating in the numerous Hoovervilles (also known as shanty towns or tent cities) that had begun to appear across the country. The name 'Hooverville' was coined by their residents as a sign of their disappointment and frustration with the perceived lack of assistance from the federal government. In response, Hoover and the Congress approved the Federal Home Loan Bank Act, to spur new home construction, and reduce foreclosures. The plan seemed to work, as foreclosures dropped, but it was seen as too little, too late.

triffid

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Re: I see an economic diasater coming...
« Reply #635 on: August 19, 2010, 12:18:10 PM »
The above paragraph came from  http://en.wikipedia.org/wiki/Herbert_Hoover

triffid

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Re: I see an economic diasater coming...
« Reply #636 on: August 19, 2010, 12:26:26 PM »
It was war that brought the world out of the great depression.Not congress.Not the americans.God forbid we should give the germans credit for it.We do tend to blame them for starting the war.The german currency crashed to zero in the 1920's due to hyperinflation and in the 1940's when the german government debased their own currency after the war.Suicides happened as people realized their savings had vanished overnight.Thanks to their government.triffid

sparks

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Re: I see an economic diasater coming...
« Reply #637 on: August 19, 2010, 12:30:25 PM »
     Whenever a profit is made where does the money come from that provides this profit.   Lets not even get into people buying and selling money.  Like a guy buys a loaf of bread and then sells the loaf of bread for more then he bought it for.  Where is that extra money going to come from.  It has to come from either printing more money or increasing this thing called debt.  So either this debt conception grows or the money supply grows as long as we have profit.   Its just the way it is.  Manipulated recessions and depressions are the products of those that havent seen the light.  As more people arrive on our planet there will be more demands for profit so the money supply and debt will need to increase.  Its no big thing.  Just print the fucking money and jot down the debt and lets get on with creation.

sparks

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Re: I see an economic diasater coming...
« Reply #638 on: August 19, 2010, 12:53:40 PM »
It was war that brought the world out of the great depression.Not congress.Not the americans.God forbid we should give the germans credit for it.We do tend to blame them for starting the war.The german currency crashed to zero in the 1920's due to hyperinflation and in the 1940's when the german government debased their own currency after the war.Suicides happened as people realized their savings had vanished overnight.Thanks to their government.triffid

    Go one step further.  Could the depression have been mainipulated so as to percipitate a global conflict.  Could this depression be manipulated to precipitate another global confict.   

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #639 on: August 19, 2010, 08:22:39 PM »
    Go one step further.  Could the depression have been mainipulated so as to percipitate a global conflict.  Could this depression be manipulated to precipitate another global confict.
With respect to Replies #'s 637-641,
I agree with most of your points.  However, greed for it's own sake is self defeating.  Nobody gets to have it all because they merely desire it.  The "Collapse" will come because of it.

WWII did bring the world out of depression because people were jolted to action by impending Fascist death squads killing minorities in Europe and we would have been next.  It may happen again if or when the Jihadis win in SW Asia.  Then, they'll turn their attention to us.

The Feds had better get their act together like they did in WWII, or the Muslim extremists will do the same to us that the Fascists did to Jews in Europe.

--Lee

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #640 on: August 21, 2010, 04:41:00 AM »
It may take 7 to 10 years for some people to recover.But the worse credit record has a federal statue of limitations and thats 7 years.No need to commit suicide over money problems.Fear less if you can.Some states don't require 7 years of waiting.okla(3) and texas(4).triffid
All this *recovery* could take longer than predicted?
http://www.foxnews.com/politics/2010/08/20/nearly-half-participants-obama-mortgage-aid-program-drop/?test=latestnews

The article above probably expounds upon known conditions to the financial industry.
Not only is the national refinancing effort falling short of goals, half the homeowners are walking away from their newly refinanced mortgages anyway---the reason being, according to at least a few analysts, is that it isn't worth the effort to pay for a house that far "underwater."

This whole scenario goes on and on...

--Lee

the_big_m_in_ok

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sparks

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Re: I see an economic diasater coming...
« Reply #642 on: August 22, 2010, 07:37:30 AM »
    If the United States or any other sluggish economy got off its ass and instead of creating a false economy based on profits earned buying and selling futures then their would be no problem.  We had the last boom in the late nineties and early 2s because we were industrializing china.  Now china is coming back to bite us in the ass as a competitor producing stuff we use to sell all over the world at reduced prices as they enslave their population.  I am an electric motor tech.  The motors I install on pumps are all made in china now.  Corporations dont care who is making their profits whether it be a chineese guy or an American guy.  They prefer the Chineese guy because his government could give a rats ass about his quality of life.  The chineese people are idiots.  I wouldnt leave a job in a rice paddie for a job in some sweatshop unless the government made me sell the rice paddies to them which appears to be their way of driving the farmers into the sweatshops.   Do we need these industrial produced things that badly that we take an agrarian population and convert it into a industrial population.  Who is going to feed all these new slaves.  Some idiot once said that if you control a countries money you control the country.  You control a countries ability to feed itself and you control the country.  The US before World War II use to be the breadbasket of the world.  Then industrialists seeing the power of the farmer started an outright war against them.  These people are hell bent on depopulating the Earth one way or the other.  Take Cuba for example or any other bannana republic.  These populations have been reduced to agrarian slaves to feed industrialized populations.  The food they produce is traded for cheap overpriced junk produced in industrialized nations.  It is so transparent only someone with the awareness of a kid on a sugar rush would miss it.  The haitian people wanted to rebel.  Wanted a voice in their own future.  Wanted to pursue a life of liberty and happiness..  What did they get.  A UN peacekeeping force propping up some puppet government who were exploiting these people over badly and will continue to do so after the dust from the Earthquake settles.  The exploitive we have a gun pointed at your head so get down and start doing our bidding have forced themselves into this type of behaviour from moving from subsistence into negativesistence farming.  There only alternative is to  and plunder other countries aka colonize.  The British empire.   and plunder to feed the preferred population.  The USA  and plunder to feed the preferred population.  The Japaneese  and plunder to feed the preferred population.  The germans  and plunder to feed the preferred population.  How many countries are moving from industrialized to Agrarian.  Are there any advances in agrarian acreage.  The second world war followed on the heels of a famine created by poor farming practices coupled with drought due to increased sunspot activity.  You get starving people they will do most anything to survive.  Including but not limited to killing other people.

triffid

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Re: I see an economic diasater coming...
« Reply #643 on: August 24, 2010, 05:26:08 PM »
H. L. Mencken wrote in The American Mercury for April 1924 that the aim of public education is not "to fill the young of the species with knowledge and awaken their intelligence. ... Nothing could be further from the truth. The aim ... is simply to reduce as many individuals as possible to the same safe level, to breed and train a standardized citizenry, to put down dissent and originality. That is its aim in the United States."
Comment: The full passage reads: "The aim of public education is not to spread enlightenment at all; it is simply to reduce as many individuals as possible to the same safe level, to breed and train a standardized citizenry, to down dissent and originality. That is its aim in the United States, whatever pretensions of politicians, pedagogues other such mountebanks, and that is its aim everywhere else."

triffid

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Re: I see an economic diasater coming...
« Reply #644 on: August 24, 2010, 05:27:38 PM »
A great reading for anyone who does not want to be a slave.http://www.sott.net/articles/show/212383-V...aduation-Speech