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Author Topic: I see an economic diasater coming...  (Read 1453283 times)

triffid

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Re: I see an economic diasater coming...
« Reply #4005 on: September 11, 2015, 07:56:47 PM »
http://www.bloomberg.com/news/articles/2015-09-11/these-millennials-are-socking-away-15-of-their-salary?cmpid=yhoo  Good for them! triffid


He or she is an ordinary human, 18 to 34, who saves at least 15 percent of his or her salary each year in a 401(k) retirement savings plan. The mission: Save enough to retire comfortably. Or at least retire.
An analysis by Fidelity Investments of the 13 million participants in 401(k) plans it administers found close to 421,000 of these young "super savers," as Fidelity calls them, accounting for almost 20 percent of the millennial savers in Fidelity's database. They save an average of 11 percent of their salaries; the other 4 percent comes from a company match. The overall average millennial contribution rate is 6.6 percent, which rises to 11 percent with the company match.

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #4006 on: September 14, 2015, 01:27:38 AM »
A  new human species has been added to our family tree.Imagine what their world was like  two to three million years ago. http://www.theage.com.au/world/fossils-found-in-african-cave-are-new-species-of-human-kin-say-scientists-20150910-gjjzvj.html
       I told my religious sister and brother-in-law, who was sitting next to her, "The Evolutionists and Creationists are both wrong.   I wasn't exactly as they both say; it was partly both: creation of a new life form and then a long period of slow evolution.
       The thing is...
I know what was in my mind at the time and it's the same now.   I can't easily, verbally, describe how it was done thousands of generations ago, and my problem still exists to this day.   Being a shamanistic-oriented Native American affords me an unusual 'vantage point' from which I can discern the truth, but that the average American has no way of knowing what I say is true unless he or she experiences the truth on their own.
       No basis of communication on a  'playing field'  that's not level through no one's fault.

Some of my problem, I believe, occurs regularly on this thread the same way.   I was given information that was not given to others, and my job function in creative engineering has some validity to me in this case.   I need to think differently than most people to get the job done.  My associates and supervisors know this and are 'okay' with it.

That's about all I can tell you and still be fairly coherent at the same time.  I hope.   Will return later when I have more time.

--Lee

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #4007 on: September 14, 2015, 11:24:20 PM »
Will return later when I have more time.
--Lee
       This was on the Internet Sept. 14...
http://www.telegraph.co.uk/finance/economics/11858952/BIS-fears-emerging-market-maelstrom-as-Fed-tightens.html

Okay, it looks like to me that whatever is done to correct/mitigate the monetary crisis, essentially worldwide---especially in the future---will either have no positive effect, or will worsen their attempted actions.


I may of said on this thread in the past---and I say it now for sure:
       There isn't any good outcome in this scenario, unless some worldwide gov'ts in general make moneysaving efforts that, in a way, actually, force themselves into an economic depression by their on doing.   The stock market(s) crashing and the debt load as well, are an effective 'one-two' punch that cannot be avoided.   It happened in the Thirties, and now it's worse because, I was told, there's a whole lot more money involved this time.

--Lee

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #4008 on: September 20, 2015, 10:05:28 PM »
       This was on the Internet Sept. 14...
http://www.telegraph.co.uk/finance/economics/11858952/BIS-fears-emerging-market-maelstrom-as-Fed-tightens.html

Okay, it looks like to me that whatever is done to correct/mitigate the monetary crisis, essentially worldwide---especially in the future---will either have no positive effect, or will worsen their attempted actions.

There's something more in the way of a prediction:

http://www.marketoracle.co.uk/Article52357.html

Okay, I was looking for something 'concrete' in the way of clarity to upload here, and this is about it, above.   Another article I was a few days ago also said that this stock market is doing the same things as others, just in a lot bigger way, with a lot more money.

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #4009 on: September 28, 2015, 12:39:44 AM »
There's something more in the way of a prediction:

http://www.marketoracle.co.uk/Article52357.html

Okay, I was looking for something 'concrete' in the way of clarity to upload here, and this is about it, above.   Another article I was a few days ago also said that this stock market is doing the same things as others, just in a lot bigger way, with a lot more money.
       Fresh news from Greece's economy, as its failing in more than one measurement category:
http://www.theguardian.com/business/blog/live/2015/aug/03/greece-debt-crisis-athens-stock-exchange-opens-live#block-55bf16c1e4b05f8cd958117d

The article, cited above, is from August, but everyone who follows the worldwide economic market news would know their (Greece's) economy isn't mush better since then, if at all improved.   China's stock market continues to fall, every time they open it up for business:

http://fortune.com/2015/07/07/china-market-greece-debt/
       http://www.reuters.com/article/2015/07/07/us-china-markets-idUSKCN0PH08Q20150707
And now, this is coming down the road in the future:
       http://www.bbc.com/news/business-34013510
The slowdown in China can trigger similar effects in surrounding countries, as wall.   The future in general doesn't give me any hope for overall improvement in the Eastern Hemisphere for some time to come.

--Lee

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #4010 on: October 04, 2015, 10:47:25 PM »
     The future in general doesn't give me any hope for overall improvement in the Eastern Hemisphere for some time to come.
--Lee
       Almost out of time on this computer, but there was an Internet article whose headline was, effect,  The Russians were expanding bombing raids in the Middle East.

Worst thing they coulf do!

triffid

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Re: I see an economic diasater coming...
« Reply #4011 on: October 10, 2015, 06:05:29 PM »
Lee,I think the russians are just trying to appear more important than they are.Of course innocent people will be killed in the process.triffid

MagnaProp

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Re: I see an economic diasater coming...
« Reply #4012 on: October 11, 2015, 03:12:47 AM »
They also appear to have a vested interest in seeing Assad not fall for some reason.

On another note I read an article recently, can't find it now, that said the earth has about 15 years of fresh water left before 40 % of its population starts to find fresh water hard to find. I can see all kinds of economic problems and more if that is the case. We might be able to do without fossil fuels for a while and eventually get other alternatives but it's a little more difficult to go without water. Desalinization will be big business. Our tap water isn't very drinkable already :o

This isn't the specific article I saw but this one doesn't sound good either.
http://www.washingtonpost.com/news/wonkblog/wp/2015/06/16/new-nasa-studies-show-how-the-world-is-running-out-of-water/

triffid

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Re: I see an economic diasater coming...
« Reply #4013 on: October 14, 2015, 04:00:43 PM »
I have been reading a couple of books lately on taxes imposed by different nations.It seems that since the 1970's a lot of countries have lowered their tax rates thus triggering a mass migration of American companies overseas.Now Donald Trumps proposed tax plan would serve to bring some of them back.
https://www.washingtonpost.com/blogs/fact-checker/wp/2015/09/29/trumps-tax-plan-and-his-claim-that-its-going-to-cost-me-a-fortune/   Corporate tax would be 15 percent and top personal tax would be 25 percent.Until our leaders change our current tax laws America jobs will continue to go overseas.Smart money will always seek the lowest taxes.triffid


the_big_m_in_ok

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Re: I see an economic disaster coming...
« Reply #4014 on: October 16, 2015, 04:15:43 AM »
Hi triffid,
Glad you're back.

Look at this,everyone...

http://www.marketwired.com/press-release/pablo-soria-de-lachica-predicts-impact-of-china-crisis-on-world-economy-2064068.htm

I agree with the basic message of the article.  (Read....look out for a long fall and possibly a hard landing.)

--Lee

the_big_m_in_ok

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Re: I see an economic disaster coming...
« Reply #4015 on: October 19, 2015, 01:15:48 AM »
Hey guys, here's another article...
http://www.jordantimes.com/opinion/harold-james/globalised-crisis
       Right; so now...
I've been saying:  this thread I started was going to present a scenario that would come about eventually (Namely: collapse of the world's modern financial markets, just that I didn't know when, exactly.
   More later......

the_big_m_in_ok

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Re: I see an economic disaster coming...
« Reply #4016 on: October 25, 2015, 01:45:28 AM »
Hey guys, here's another article...
http://www.jordantimes.com/opinion/harold-james/globalised-crisis
       Right; so now...
I've been saying:  this thread I started was going to present a scenario that would come about eventually (Namely: collapse of the world's modern financial markets, just that I didn't know when, exactly.
   More later......
   Guys...
On this thread's subject of impending financial chaos, the local police in San Francisco don't bother to arrest people sleeping under bridges or setting up sidewalk businesses ---expressly illegal for both activities in this city---[/size][size=78%]that sell 'flea market' types of items.[/size]
[size=78%]     The Great Recession put those people on the streets and they're still there struggling to live.[/size]
[size=78%]More and More people are setting up tents under bridges,and next to parking lots, in order to survive as best they can.[/size]
[size=78%]      What's the point of this posting?   I smart person should be able to read these words and then go out into any good-sized city and see the same thing I've described in this thread.[/size]
    Most people aren't concerned by the drastic unemployment issues with the poor and homeless around the country.   The subject of this thread still has validation: It'll all stop in terms easy living and it's still only a matter of time.


--Lee
p.s.
The smaller letters aren't written on purpose by me, as they appear on this computer's text editor.  They started on their own.   The outward presentation, as I read it after I post this, is that the letters are sized=78%
    I usually take a mental warning when I see these, and think, "The Man' is following what is written on this 'Web site.' "   Just my opinion.


--Lee
[size=78%]      [/size]

triffid

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Re: I see an economic diasater coming...
« Reply #4017 on: November 13, 2015, 06:39:36 PM »
I think more inflation is on its way here in the USA.No one is held accountable for it generally.

the_big_m_in_ok

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Re: Inflation---it's worse than that, actually...
« Reply #4018 on: November 17, 2015, 10:05:51 PM »
I think more inflation is on its way here in the USA.No one is held accountable for it generally.
       As I said, it's worse than that---just beware of ISIS---that's just all.

--Lee

LATER REEDIT:
This is another factor, possibly amongst others, that should also be considered...
       http://www.zerohedge.com/news/2015-04-24/greece-can-no-longer-withstand-waves-desperate-people-arriving-war-zones


SeaMonkey

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Re: I see an economic diasater coming...
« Reply #4019 on: November 29, 2015, 12:53:54 AM »
The disaster which is coming is certain and it
will go beyond things "economic."

It may occur much sooner than we have thought
as well.  In somewhat more than one more year
we'll find out.