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Author Topic: I see an economic diasater coming...  (Read 1440736 times)

onthecuttingedge2005

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Re: I see an economic diasater coming...
« Reply #15 on: September 05, 2009, 05:42:19 AM »
The United States will not fall. it will not collapse, it will continue to be the most prosperous nation in the world.

the USA has its up and downs like any other country, but most countries feels it more than the USA ever will.

sure, I would like a Bartar system, but the 'whole world' will not change to it and makes it worthless as a whole economy trade. see, we are not dealing with just America on the bartar scale, we are dealing with the whole world who uses money as trade period.

what power can a Government have with Bartar? we as a human race have always been ruled by a leader as colonist as the species we are.

we are Humans, we are ruled by a colonist Queen or King(President or Emperor), it is what our species does.

if you want to get rid of that human colonist rulership then you might as well sign off God while you're at it. won't happen.

Jerry ;)

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #16 on: September 05, 2009, 06:17:35 PM »
onthecuttingedge2005 said:
Quote
The United States will not fall. it will not collapse, it will continue to be the most prosperous nation in the world.
The fall of the Roman Empire didn't happen?  The Egyptian Empire?  The Mayans?  No society lasts forever and neither will this one.

The Book of Revelations?  The earth will be consumed by fire, the Bible says.  Did you see the movie, The Knowing?  The earth was cooked by heat when the sun went nova.  Only a boy and his sister were saved.

My point is:  It's ending shortly.  People will stop spending money when they don't have any to spend.  It begins with the lack of continued employment benefits.  The snowball effect alone should rattle everyone's nerves in the future.  And! I'll leave alone the possibility of social/civil unrest.  That's a possibility, but it's in the minds of individuals to decide to do that.

I'm not afraid.  I got over that on the streets.  However, some people may be forced to deal with their fears and lack of self sufficiency in the future.  What they do about that is also their decision.

--Lee

christo4_99

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Re: I see an economic diasater coming...
« Reply #17 on: September 05, 2009, 07:02:42 PM »
http://www.youtube.com/watch?v=SiagCIF6Ejw it's ridiculous that they describe all the new money as taxpayer money but the taxpayer doesn't get a share in the bank.It's counterproductive(for the bank) for the average joe to live well.That's the bottom line.A little bit of social unrest is a small price to pay to get the rat trained to run faster on the treadmill in the long run.

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #18 on: September 06, 2009, 03:23:52 AM »
christo4_99 said:
Quote
It's counterproductive(for the bank) for the average joe to live well.That's the bottom line.
What it is, is that there an economic incentive for some businessmen to maintain the status quo.  That means more bad news to the economy.  They're trying to keep the money going as long as possible.  For that reason, their karma is going to be heavy.  To put it lightly!

Now, I have specific answers to some posts above, but I'll get to them when I can.

--Lee

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #19 on: September 06, 2009, 04:19:14 AM »
-
With respect to Reply #12, this thread:

The YouTube video clip is at:

http://www.youtube.com/watch?v=H9P3x9YINTg
This is an advertisement for a British TV show to be aired shortly.

This is merely their opinion.  However, keep in mind the British economy is just as mired in the recession as ours.  What happens to us, happens to them---and they know it.  They're probably not happy about it, either.

If social unrest is coming, we will all experience it to some extent.  The idea, I think, is to try and "keep your head down" and "lay low" as much as possible.  I sure will.

--Lee

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #20 on: September 06, 2009, 06:43:44 AM »
Quote from: christo4_99 said:
[quote
http://www.youtube.com/watch?v=SiagCIF6Ejw it's ridiculous that they describe all the new money as taxpayer money but the taxpayer doesn't get a share in the bank.It's counterproductive(for the bank) for the average joe to live well.
I was able to see part of the clip.  I just didn't see whether Bill Moyers guest was able to determine whether or not there was a way out of this mess.  Doubtful, in my opinion.  Too much money and too much greed.
When people get fed up with the political games that have been played for many, many! years, there'll be hell to pay.

There is no good answer to this as long as it's "business as usual."

I have my eye on the streets, since I used to live there.  People are becoming more and more angry at their lack of power over a deteriorating situation in this country.  Don't tell me I'm a fear monger!  I'm still alive because I've been able to see a bad situation and personally do something---whatever that was---to mitigate it.  In this case, as on the streets, I'll rely on my good luck.  I don't have the power to do anything else.  The economy won't cure itself on my say so.  Until something better happens, luck is all I have.

Later Re-edit:
I did see more of the clip.  What Moyer's guest proposes is essentially more of the same.  And, I expect his proposal will be met with resistance.  People are doing what they did before the Stock Crash of '29 and they're doing it with more money that they're highly dependent on.  There is no good answer to this.  People can finally lose confidence in the economy---especially the Chinese who bought many U.S. assets---and then this'll all act like a house of cards.

--Lee
« Last Edit: September 06, 2009, 06:18:34 PM by the_big_m_in_ok »

infringer

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Re: I see an economic diasater coming...
« Reply #21 on: September 06, 2009, 04:36:52 PM »
Onthecuttingedge2005,

You are the only one who appears to understand the economy of the US rather odd that other people do not see it been proven time and time again the logistics of it all...

All the rest of folks out there stop fear mongering in a feeble attempt to further push the economy into the abyss as some would like it...

This is not going to happen people have been at this for nearly a year and all the economy does is rebound more and more since the start 544,000 jobs were added to the health care industry! And my job in the entertainment industry has been the busiest it has ever been since the start of the company we had to lease space just to run two operations and we hired approximately 10 new employees that were only supposed to be temp help now they are full time!

Truth is rough I know of people who do have it a bit worse then I sure but there time has been long coming ... For one you can only sell so many lawn mowers or vehicles before you wind up with way more product then demand once you get so big you start leaving too much money in wait and wind up taking a loss. Just like the stock market they were depending on being able to sell x amount of items as if they just expect there never to be a drop in sales... This is a very risky business model and I suggest no one follows this model... Instead focus on keeping a core crew and making higher quality products in lower numbers this takes more time but in the end you will survive to see another day while others will fall off.

GM is a prime example you have how many auto manufactures out there eventually they will produce good products of interest to the consumer and your sales will be down nothing that should not be expected but they never planned for this turn of events and wound up bankrupt as Toyota and Fords sales increased there sales numbers dropped drastically it was determined to happen at some point or another why they did not plan for this event is a crucial question.

Finally at the end of the day we all have to have a job make money and live so no matter how much debt the number says we are there will always be work and always be a way it may not be the easy life or job that you are used to but nothing defined as "Complete Collapse" of the financial sector it will not happen I will bet tons of money on that!

-infringer-

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #22 on: September 08, 2009, 04:30:20 AM »
infringer said:
Quote
You are the only one who appears to understand the economy of the US rather odd that other people do not see it been proven time and time again the logistics of it all...
...All the rest of folks out there stop fear mongering in a feeble attempt to further push the economy into the abyss as some would like it...
...This is not going to happen people have been at this for nearly a year and all the economy does is rebound more and more since the start 544,000 jobs were added to the health care industry! ...

@infringer
I'll only address the comments above.  Take a look at this:

http://www.flickr.com/photos/speakerpelosi/3333412448/

The rate of employment is still rising.  When it reaches 10%, the unofficial, real, rate should be about 20-25%.  And now prime mortgages are becoming a problem to lending banks.  But, to focus on you assertion that jobs are being created, yes they are, but not enough of them.  Have a look at this:

http://vdare.com/roberts/060507_economy.htm

4.4 million jobs were lost in the past 14 months and the Europeans and Asians may be about as bad off.  They need to make up the slack in business the Americans aren't spending on, or the feedback effect of declining infrastructure could continue for awhile longer.

Then, as in the opening post of this thread, the impending cutoff of benefits money for the unemployed is going to make a bad problem worse.  No immediate end in sight.

--Lee

triffid

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Re: I see an economic diasater coming...
« Reply #23 on: September 09, 2009, 05:52:17 AM »
In a recession if you have a job,you keep it.Most people had jobs during the great depression,but the 18% who did not represented millions of people who lived in misery.The only thing that brought us out of the great depression was WW11,not the USA government.Not the US congress.triffid

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #24 on: September 09, 2009, 05:08:13 PM »
In a recession if you have a job,you keep it.Most people had jobs during the great depression,but the 18% who did not represented millions of people who lived in misery.The only thing that brought us out of the great depression was WW11,not the USA government.Not the US congress.triffid
Historians would say you're right, 70-80 years after the fact, in hindsight.  The Gov't at that time had to borrow billions in today's dollars, but they did. If Osama bin Ladin becomes emboldened by our apparent lack of financial resources to fund the War on Terrorism, Obama may declare WWIII on Muslim extremists.  The extremists are sociopaths who don't care about anything but what they want, e.g., to kill us.

--Lee

jadaro2600

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Re: I see an economic diasater coming...
« Reply #25 on: September 11, 2009, 01:27:46 AM »
The extremists are sociopaths who don't care about anything but what they want, e.g., to kill us.

--Lee

Extremists are the problem, not just extremists with religious zeal.

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #26 on: September 11, 2009, 02:30:57 AM »
Extremists are the problem, not just extremists with religious zeal.
That's what I meant.  "Extremists are the problem," as you said.  Individuals who take their personal desires and their mental wreckage and foist it on others---sometimes by force---because they want to.  Hitler and bin Ladin were fired in the same mold.

Merely having extremist opinions on a subject, that doesn't affect others, is okay.  It doesn't matter how extreme.  One can always keep it to oneself.  Everyone has an opinion, including me.

--Lee

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #27 on: September 14, 2009, 04:33:44 AM »
the_big_m_in_ok said:
Quote
...Then, as in the opening post of this thread, the impending cutoff of benefits money for the unemployed is going to make a bad problem worse.  No immediate end in sight.

NOTE:

New development:

http://www.facebook.com/note.php?note_id=131832675980

This, I hope, is a permanently archived article.  The whole financial industry is still poised to burst an expanding bubble is rising slowly now.  As I said above, "No immediate end in sight."
Wall St. never has learned that greed is its own punishment.

--Lee
« Last Edit: September 14, 2009, 05:48:39 AM by the_big_m_in_ok »

jadaro2600

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Re: I see an economic diasater coming...
« Reply #28 on: September 14, 2009, 10:22:03 PM »
Consider the nature of condensation.  If one had no other means of determining whether or not their was humidity, then one could easily tell by how much condensation forms on the outside of something cold over a period of time.

Now, the idea is that by looking at the proverbial condensation on the market and value of money over time: the markets are full of hot wet air, with lots of extra junk thrown in to make everyone happy.

I like to think of Novelty Theory when thinking about the market; take away all the novelty items and you get to the core of the market.  These are where the bottom line is, all else is relevant but it's just as irrelevant.  Considering the massive amounts of JUNK coming out of 'strong economies' ..such as china and japan, the relevant markets' consumables are all inclusive..

When it comes to economies, the real info as clouded with fake info.  Novelties are a fake endeavor, as even though they create jobs, so does increasing the number of frivolously paid government workers ( such as people that clean up roadkill, etc. ).

I might add, that there are industrial aspects of novelty items; even though each and every marketable item we/they produce is somewhat of a novelty item, the act of brining something to market is where most of the monetary strain goes -

( notice here, where is begin to ramble, EVEN more ...)  ..blah blah blah, this is the field of poppies that they referred to in The Wizard of Oz..

And then there's the Idea of agriculture - the most basic, which, industrialized, needs mining and ore resources; Ultimately, natural resources are our greatest resources. Not meaning or intending to convolute the point, our exports are more important as food then they would be as some novelty item.

Given a crisis, novelties tend to be less utilized.  It's in the backward strategy of our functional defense, that if our economy tanks, so does theirs.  Go stock up of teddy bears and gum-ball machine toys - I don't think so.  Buy less novelty items; show them the power of our economy.

The cash for clunkers is a scam - most cars flying off the lot aren't made in America. TO add to that, most people get back what they would pay in sales tax... quickly:

you get 3500 for your clunker, the NEW car you get costing 22,000.00, you pay 1540 in sales tax to you state @7%, 1980@9% ...in other words, the state takes half of your refund in most cases...RIGHT back where it came from.  Most people having money for a new expensive car, will have an old expensive car...you get 4500 for your clunker, you pay 35,000, you pay 2450@7%, 3150@9%.

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #29 on: September 15, 2009, 01:49:50 AM »
@jadaro2600

In regard to your whole #28 posting, I mostly agree.  Accessories can be foregone with in a recession.  In view of the fact that little has changed on Wall St., and that several million people will have no income at all in due course, the situation looks dire for the economy when people catch on to their not having any future.

When people get scared or they're hopeless(likely in a few months), all Hell will break loose.

--Lee