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Author Topic: I see an economic diasater coming...  (Read 1453235 times)

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #3975 on: August 02, 2015, 10:44:45 PM »
You are everything that is wrong with this world, not corporations, not governments, not democracy nor communism, not consumerism.
       Are you being facetious?
Greed runs the world and I read somewhere awhile ago from a long-forgotten source:   A religious text indicated, in writing, that, "The world belongs to Satan."     I would tend to agree.

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When you lose compassion, when you lose consideration for others then you are nothing more than an animal in my opinion because these traits are what defines us as intelligent beings.
       Everything changes in the world.   People are born, grow up, grow old, and then pass away.      Everyone.     Why?    No one is perfect?   You, as well?   When you're born and then DON"T die, you can possibly set the example for others to follow.   Until then, am I the scapegoat, here?   Others do just as badly in experssing a negative opinion and then try to spin off criticism from others.   I can give you 2 names, if you don't mind discussing it in front of those reading this thread.

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Gee  lee i am so glad your all that is bad in the world. ::)
   Thanks for this smiley face.   I feel that way sometimes.

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Wait! you don't through ("throw"} people in prison because they complain or have the wrong religion.
you'r"(e)" = "you're" not playing brinkmanship over a few scraps of land.
your tanks did not crush protesters.
your doctors don't harvest organs for profit form unwilling convicts.
   I go to the V.A. hospital which is a teaching hospital ( :o    ???    :-[   )<--I was trying to be facetious---and I do admit I can have a really offbeat sense of humor sometimes.
maybe your not such a bad guy. :)     (I work in national defense as a preliminary  R&D  subject matter expert while working on engineering projects.   Honestly.   Do you think the forgoing text above was written by a moron, considering the reasonably advanced discourse being presented by myself?

Time's gone.   No time to proofread this.
--Lee

fritznien

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Re: I see an economic diasater coming...
« Reply #3976 on: August 03, 2015, 12:00:54 AM »
"Are you being facetious?"
absolutely!
i was quoting the other guy, sorry i should shown the quotes.
you were accused of being the worst because you don't care about people who spill a lot of blood.
in my awkward way i was trying to point that out
was i too subtle?
all those thing you do not do are on the leadership of china, not that this is a complete list by a long shot.

fritznien

SoManyWires

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Re: I see an economic diasater coming...
« Reply #3977 on: August 03, 2015, 05:15:03 AM »
seems to be a lot of factors that can be blamed for economic troubles looming, and depending on who talks about it, different viewpoints begin to form. sometimes they become violent or loud and pushy demanding their views be seen as far more important than yours.

the politicians puts short lasting bandaids over the us debt in the form of asking for further loans from what it looks like.
this as alot of people know will result in having to pay the growing debt back, somehow.
nobody seems to like taxes that could chip away faster at the debt, so politicians try to make promises about not raising taxes if they can.
and then once new politicians get elected, they only add to the debt by pressing on trying to deliver on their election promises of this and that whatever it is they are seeking funding for to complete.
so the debt is now like a speeding car when before it was driving like it was in a school zone.

tommorrows another day, another week eventually, soon as the months go by, wow that debt sure seems to be turning into a mountain due to all that turning a blind eye.

things start costing more because while people might be making less, they now have to spend that much more on taxes, the rising costs of being able to eat store bought foods that are supposed to be better for you than the junk foods, even though those better foods are now containing stronger and stronger versions of pesticides that leads to the farmers becoming forced to work with genetically modified versions of what they used to grow.
and then theres those govt grants given to some farmers to not grow anything at all for a period.
things get more expensive with each given reason for allowing the above to continue.
some farmers end up walking away shaking their heads.
others are frustrated too but what can they do they say.
they are farmers, not clever lawyers who make appointments with the politicians to pass more midnight bills.

lawyers always make sure they have their hands just about first into the cookie jar, no cookies for anyone they say, until the lawyers get theirs.

laws continue to support these middlemen that aim at making a very very well paid living, and if you ask the lawyers, they feel they are doing the right thing do what they do.
as clever at playing courts like a competitive chess game as they are,
the real things that should matter are ultimately the reason that lawyers try to not change those laws that are so profitable to them and their clients in some cases.

costs keep rising. its a new day.

morning news says the debt is reaching record highs, and the weather will be overcast with chances of rain, now over to the traffic report followed by sports right after this word from our sponsors.
people rush around getting ready to join the growing tax paying rat race that is stuck in a traffic jam on their ways to work at mostly desk jobs and service based ones due to the evaporation of manufacturing due to the high costs of trying to make products that people can afford.

people end up shopping at walmart as a result.
and other places that now heavily import consumer goods.
perhaps they might sell more locally made products but there isn't as many as china and other countries are willing to make cheaply and ship to the land of the free.

quality goes down and is accepted as normal now.
or it ends up costing the sky.
so walmart it is.
dollar stores and other places that thrive from having low low prices.
where the lowest price is the law' said one stores slogan.

oh darn, more humbling natural disasters occur, there goes more wealth from the insurers pocketbooks, we better raise the rates accordingly they say as their excuse for doing so. after all they would not want to let down their investors!

healthcare, well if it remains free as it recently changed to while trying to adopt the canadian healthcare system,
more bandaids will be given out to replace surgeries, the level of whats acceptable in quality care slips a little compared to how it used to be
when it was ran by the wealthy health insurance corperations.
though at least this time a possible broken leg for a violinist on tour that would be alot more affordable to try and repair even for a starving artist that in the past would have become even more starving due to having their home taken away to pay for medical expenses.

while nobody ever wants injury or insult to occur to any violinists or other artists or anyone for that matter, that statement simply isn't entirely true.
it turns out there are some people who would aim to threaten or skip threats and just injure someone for whatever selfish sociopath rationalization they come up with, and so that leads to them getting caught and serving time in jail.
and the public covers those costs too built into the taxes.

take that and the prison industry that relies on alot of current laws to never change because as we all know, laws can be very profitable for their lobbiests. such as the drug enforcement administration as a whole.

while average police officers share some time with their families in the park on weekends having picnics, it sure aint no picnic for the prisoners who the police managed to find new homes in jail for something like, drug charges.
do those officers think about changing the laws by making a stand for whats morally right? heck that might mean having to resort to cheese slices rather than more expense blocks, and maybe even be subjected to less healthy foods on those weekend picnics and getaways.

ok this message is getting rather long fast and theres still alot further it could mention, but perhaps the above offers even just a few slices of the pie chart why a economic disaster could show up rather soon, in spite of the efforts to keep feeding the beast seems so cute while it was in the mall at the pet store before it was transported there by the with any luck, not from a puppy mill.

animal abuse is rampant, forced marrages of young teenagers and sometimes even younger than that,  doctored to not appear as the mind numbing and emotionally damaging  it really is , at home and abroad, the silence of certain technologies by being bought by older oil money that helped elect a ex president who upon being elected told everyones television set that god told him to run for office,  and then shelved alot of really good ideas that could have vaulted medical research or helped step away from a carbon based global energy economy, even darker pictures than that, the list grows on,  but those are much of the darker colors that todays artist is currently left to use on his canvas unless avoiding the underlying greed and manipulation that politics and sticking to painting happy nature scenes.

perhaps a better world soon, global effort before then.

all the best.

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #3978 on: August 03, 2015, 09:15:32 PM »
"Are you being facetious?"
absolutely!
i was quoting the other guy, sorry i should shown the quotes.
you were accused of being the worst because you don't care about people who spill a lot of blood.
in my awkward way i was trying to point that out
was i too subtle?
all those thing you do not do are on the leadership of china, not that this is a complete list by a long shot.

fritznien
       Okay, I see now.   AllCanadian was more strident than you, I believe.   I really have a genetic condition that gives an advantage of about IQ >= 150, but at the cost of being polite or verbally intelligent and appropriate in public conversations.    This is something I have no choice but to live with.   Be happy if you don't have it.
       I agree with your post, but for the subject of this thread, it isn't all Greece's doing.   Look at this...
http://money.cnn.com/2015/08/03/investing/puerto-rico-default/index.html

Right.   "If it isn't one thing, it's another", as the saying goes.
       Greece doesn't have to anything is there's Porto Rico(spelling?) to do the same thing."   Spain, Iceland, and Ireland are only slightly better.   My contention is still that the economy will fall apart, anyway.   Can't be avoided.   And China is the 'heavyweight champion' in this regard.   The ruling "polit-bureau" doesn't care about anything but themselves.

--Lee

P.S.
Last minute addition...
http://www.foxbusiness.com/markets/2015/08/03/greek-shares-tumble-as-market-reopens/?intcmp=hplnws

It appears to me that Greece isn't going anywhere but down in terms of quality of living and the other Europeans should be looking at them with some anxiety.

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #3979 on: August 11, 2015, 02:45:16 AM »
       This just in at my library off the Web...
http://www.foxnews.com/us/2015/08/10/state-emergency-issued-in-st-louis-mo/?intcmp=hplnws

That town is a powder keg with a fuse that's shorter and shorter.   Look out.

--Lee


MarkE

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Re: I see an economic diasater coming...
« Reply #3980 on: August 11, 2015, 04:56:53 AM »
Stirring up trouble is very easy.  Solving real problems is difficult.  Let's hope that cooler heads prevail.

joel321

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Re: I see an economic diasater coming...
« Reply #3981 on: August 11, 2015, 06:14:17 AM »
Hey the_big_m_in_ok, china is manipulating something in the economy to grow. I just watched this video the other day. That just seems a little off and manipulating something. Here's the video:

http://www.wimp.com/ghostcities/

I wonder what is happening there, some kind of new world order of somehow, lol?

gravityblock

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Re: I see an economic diasater coming...
« Reply #3982 on: August 12, 2015, 07:33:27 AM »
Hey the_big_m_in_ok, china is manipulating something in the economy to grow. I just watched this video the other day. That just seems a little off and manipulating something. Here's the video:

http://www.wimp.com/ghostcities/

I wonder what is happening there, some kind of new world order of somehow, lol?


China is building cities all over the world, even in the states.  And they said the U.S.A. had a fake economy, lol.


Gravock

SoManyWires

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Re: I see an economic diasater coming...
« Reply #3983 on: August 13, 2015, 06:34:00 PM »
You are everything that is wrong with this world, not corporations, not governments, not democracy nor communism, not consumerism. When you lose compassion, when you lose consideration for others then you are nothing more than an animal in my opinion because these traits are what defines us as intelligent beings.
 Gee  lee i am so glad your all that is bad in the world. ::)
 Wait! you don't through people in prison because they complain or have the wrong religion.
your not playing brinkmanship over a few scraps of land.
your tanks did not crush protesters.
your doctors don't harvest organs for profit form unwilling convicts.
maybe your not such a bad guy. :)
fritznien

in a good effort you make that seeks for a better world.
those are some thoughtful and well described examples you wrote worth considering to those interested in evolving past a darker part of history that still tries to repeat itself.

compassion is rather important.




triffid

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Re: I see an economic diasater coming...
« Reply #3984 on: August 17, 2015, 08:12:34 PM »
China is devaluing its currency to make its exports 4 percent cheaper than they were.This is partly done because their economy is slowing down.Rather than let the market devalue their currency they (the leaders in china)are taking the bull by the horns and they hope to boost their own economy for a little while longer.triffid


In other news this article tells how meat may be grown in a lab and not on an animal
http://www.vox.com/2015/8/15/9149725/laboratory-meat



triffid

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Re: I see an economic diasater coming...
« Reply #3985 on: August 17, 2015, 08:16:06 PM »
If this gets accepted, and you can do this in an efficient and animal-friendly and environmentally friendly way, it has to at some point take over the market," he says, "or at least create a new market for itself. We are not targeting vegetarians; we are targeting all the meat eaters."

triffid

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Re: I see an economic diasater coming...
« Reply #3986 on: August 17, 2015, 08:18:28 PM »
The future beef industry might look a lot like the beer industry today

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #3987 on: August 25, 2015, 08:31:28 PM »
Hey the_big_m_in_ok, china is manipulating something in the economy to grow. I just watched this video the other day. That just seems a little off and manipulating something. Here's the video:

http://www.wimp.com/ghostcities/

I wonder what is happening there, some kind of new world order of somehow, lol?
       No, joel321, it's another stupid attempt to prop up their failing economy.   The newest thing being...
       Several stock exchanges around the world are being 'spooked' by what's happening in China.   The American Dow-Jones exchange and the German DAX exchange are immediate examples.   And think of these:
http://www.mirror.co.uk/news/world-news/stock-market-crisis-recap-chinese-6314181

http://www.independent.co.uk/news/uk/politics/stock-up-on-canned-food-for-stock-market-crash-warns-former-gordon-brown-advisor-10469509.html

http://qz.com/485912/charts-this-may-be-the-start-of-the-worlds-next-financial-crisis/

I'm sure there are others like these, but I think the reader 'gets the message', as it were.   The worldwide economy was overinflated by speculation---IMHO---and now it's correcting itself collectively to the disaster of the 'Mom and Pop' trader---especially in China.
       "Look out."   That was something I said on this thread, earlier, but at that time the whole world wasn't financially on a cliff's edge, either.   Now, my quote to the immediate left is much more appropriate.   This scenario might get "ugly", as others have said in the past.

--Lee

MarkE

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Re: I see an economic diasater coming...
« Reply #3988 on: August 25, 2015, 08:42:33 PM »
       No, joel321, it's another stupid attempt to prop up their failing economy.   The newest thing being...
       Several stock exchanges around the world are being 'spooked' by what's happening in China.   The American Dow-Jones exchange and the German DAX exchange are immediate examples.   And think of these:
http://www.mirror.co.uk/news/world-news/stock-market-crisis-recap-chinese-6314181

http://www.independent.co.uk/news/uk/politics/stock-up-on-canned-food-for-stock-market-crash-warns-former-gordon-brown-advisor-10469509.html

http://qz.com/485912/charts-this-may-be-the-start-of-the-worlds-next-financial-crisis/

I'm sure there are others like these, but I think the reader 'gets the message', as it were.   The worldwide economy was overinflated by speculation---IMHO---and now it's correcting itself collectively to the disaster of the 'Mom and Pop' trader---especially in China.
       "Look out."   That was something I said on this thread, earlier, but at that time the whole world wasn't financially on a cliff's edge, either.   Now, my quote to the immediate left is much more appropriate.   This scenario might get "ugly", as others have said in the past.

--Lee
As the Saudis spend down reserves instead of pumping fresh cash into investment vehicles, inflated vehicles are going to fall.  This is made worse by the Chinese devaluating in order to retain market share.  The thing to be concerned about is what the big banks have done in terms of derivative investments.  If a series of derivatives go bad then the too big to fail banks will screw everyone over again.

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #3989 on: August 25, 2015, 09:05:44 PM »
As the Saudis spend down reserves instead of pumping fresh cash into investment vehicles, inflated vehicles are going to fall.  This is made worse by the Chinese devaluating in order to retain market share.  The thing to be concerned about is what the big banks have done in terms of derivative investments.  If a series of derivatives go bad then the too big to fail banks will screw everyone over again.
       This just in, MarkE...
http://www.theguardian.com/business/live/2015/aug/25/asian-stock-markets-braced-for-steep-falls-after-wall-street-slump-live
       Will be back shortly...
Right.   Back again, so I'll try and give my opinion clearly:
       The American and British markets are rebounding adequately, as of now.   The Chinese and other Asian markets are generally weaker as to individual national economies compared to the West---with Japan being a notable exception.
      The future of the Asians in general is noticeably less favorable than ours, for example.   Now, the thing I think to be aware of is:  Our economy is still tied to the Asian economies to some extent.   If they land hard at the bottom of a very high cliff, that eventuality alone can cause some harm to the American economy, beginning with the Western States first---especially in Calif.   I live in San Francisco, so this concerns me more that it might others.
       I read the rest of the article and will stand by what the rest of this post says:  the American and European markets look OK as of the present.   The Chinese and Asian markets look much weaker---in the farther future---for certain.   China is holding useless properties, for instance.

       As to the derivatives, you're correct as to the nature of your observation.   They were largely non-regulated as to anything that's salable to the average person.   Student loans, mortgage payments and something like penny stocks can be made into a derivative.   By themselves they're not worth hardly anything.   If they start failing, they would cause some investor to lose his portfolio in a hurry.   As you may have implied, they're something to seriously watch.   I read awhile ago, derivatives were worth a quadrillion $, at that time.
       Whoa.
See what I mean?   Their failure in terms of worth are exceeding serious to the American Stock Exchange and foreign markets that trade in them.

This just seen by me:
http://www.marketwatch.com/story/wall-street-set-to-rebound-after-massive-selloff-futures-rally-3-2015-08-25
       Market traders and the like are unconvinced that the rally will continue, since they appear to be implying that the underlying, basic American economy isn't as strong as they would like to see.

Latest:
http://money.cnn.com/2015/08/25/investing/bear-markets/index.html?section=money_topstories

http://money.cnn.com/2015/08/14/investing/china-fears-stock-market/index.html?iid=EL

       I'll see what's happening tomorrow after the Chinese stock market(s) close and the sun rises in Calif.

--Lee
« Last Edit: August 26, 2015, 01:53:09 AM by the_big_m_in_ok »