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Author Topic: I see an economic diasater coming...  (Read 1453273 times)

Azorus

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Re: I see an economic diasater coming...
« Reply #315 on: January 14, 2010, 03:11:50 PM »
For those of you familiar with it, welcome The Fair Housing Act.

http://www.hud.gov/offices/fheo/FHLaws/yourrights.cfm


silverfish

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Re: I see an economic diasater coming...
« Reply #316 on: January 14, 2010, 07:45:33 PM »
They also warned they don't have enough.  They'll need to be bailed out if this trend continues.  People may quit trusting the whole banking system.  Bad scenario.

--Lee

And they don't trust them already? 27 trillion of taxpayer's money down a black hole, and the banks need another bailout?? when we are not told where this money is going, because it will undermine National Security? our children will be paying for this. Their children will be paying for this.
       A thug breaks into your house, takes all your money. He holds a gun to your head, threatens all the members of your household, helps himself to everything in your property, rapes your daughter, seizes your hard-earned savings and takes control. If you do not submit, he will shoot your family members one by one. This is the kind of situation we are facing. The TARP bailouts will not benefit the economy. They benefit the very institutions that caused the problem in the first place.
        If we do not submit to this plunder, then 'martial law' 'economic collapse', 'terror' (mainly false flag) is what we have been threatened with, and that is what we can certainly expect, unless we pull our heads out of the sand, stop trusting corrupt puppet politicians, and address the situation individually and collectively.
       

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #317 on: January 14, 2010, 07:49:46 PM »
For those of you familiar with it, welcome The Fair Housing Act.
http://www.hud.gov/offices/fheo/FHLaws/yourrights.cfm
From what I read, if you're over 55(I am), and you have a family(maybe in the future(?)), you're out of luck renting a place to live because the Govt exempted those landlords from that provision.
Is that accurate, Azorus?

--Lee


the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #318 on: January 14, 2010, 08:01:48 PM »
@silverfish, with respect to your Reply #316:

I don't have a lot of time on this borrowed computer, but I agree with practically everything you said.  Well said!

But your last sentence suggested that ordinary people stand up and demand accountability from corrupt politicians(that was the gist)?

Americans often can't agree on a great deal, anyway.  Too many ethnic groups, cultures and different religions, for starters.
Like Israel:  If it weren't for the Arab Muslim presence on their borders, they would be at each other's throats.  I heard a Rabbi say that and I'm Jewish.  He's right; I know what the people are like.

--Lee

Azorus

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Re: I see an economic diasater coming...
« Reply #319 on: January 14, 2010, 08:34:49 PM »
That is accurate, however that is not where it ends.  The Fair housing act is meant that no one can; Section 109 prohibits discrimination on the basis of race, color, national origin,  or religion in programs and activities receiving financial assistance from HUD's Community Development and Block Grant Program.  This means that anyone is able to own a house.  I choose the word able careful.  In accordance with this program banks set up special departments to get people into house rather than to rent because it was in the banks intrest to have people take more loans out.  This worked against the banks in the end when unemployment/underemployment rose, because they had give so many sub prime loans out to people that just could not afford it.  You know the rest of the story.  In the end it is part banker fualt and part government fualt.  Having said that right now who is suffering from it?

ATT

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Re: I see an economic diasater coming...
« Reply #320 on: January 16, 2010, 06:02:31 PM »
Lee, ran across this today, apparently we're not the only ones who had this figured out some time ago (remember what we both said way back in this thread?):

http://seekingalpha.com/article/182072-here-comes-the-double-dip-recession

Tony

silverfish

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Re: I see an economic diasater coming...
« Reply #321 on: January 16, 2010, 07:12:51 PM »
@silverfish, with respect to your Reply #316:

I don't have a lot of time on this borrowed computer, but I agree with practically everything you said.  Well said!

But your last sentence suggested that ordinary people stand up and demand accountability from corrupt politicians(that was the gist)?

Americans often can't agree on a great deal, anyway.  Too many ethnic groups, cultures and different religions, for starters.
Like Israel:  If it weren't for the Arab Muslim presence on their borders, they would be at each other's throats.  I heard a Rabbi say that and I'm Jewish.  He's right; I know what the people are like.

--Lee

Point taken, thanks for replying. What I am trying to say is that we have been artificially divided and ruled through belief, race, colour, religion, caste, political parties, doesn't matter what. We see everything in terms of what separates us and think of ourselves as isolated entities. So when someone is oppressed by the system and has their freedom taken away, we say, that's tough, but it doesn't affect me.
        The problem is that this person's loss is everyone's loss. Right now legislation is actually being discussed to ban free speech on the internet, to infiltrate groups that the government decides are promoting 'conspiracy theories' and use provocateur methods to get them fighting with each other. Loosely defined 'conspiracy theory' means anyone who disagrees with the government and its pronouncements. Suggestions are being made to tax or fine 'conspiracy theorists', whatever that loosely applied term means.
         If you've read Orwell, then you'll remember the concept of 'thought crime'. We'll, we're there already! Freedom and independance of thought are both under direct assault. This is something that affects every one of us, not just a minority.
         Together, we can beat this, divided, we fall...  the idea of a threat is often used to unite people against an enemy, usually a false threat, and a false enemy. Does that make sense? If you are the kind of person that researches and really tries to find out what is happening in the world, the real danger becomes painfully obvious soon enough.
         Ask yourself, if you DON'T demand accountability from those supposedly assigned to protect you, what is the alternative? ZERO accountability. It means they can say and do what they like, and you are considered fair game.
        According to the insane legislation now being proposed, half the people on this forum could be arrested for having 'dissenting views'. This is a fact, and if you doubt it, I suggest you study Cass Sunstein's pronouncements -

http://www.prisonplanet.com/obamas-favorite-for-supreme-court-justice-sunstein-wants-to-ban-guns-free-speech.html

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #322 on: January 16, 2010, 07:47:24 PM »
ATT said:
Quote
Lee, ran across this today, apparently we're not the only ones who had this figured out some time ago (remember what we both said way back in this thread?):
http://seekingalpha.com/article/182072-here-comes-the-double-dip-recession
Tony
Tony,
Excellent article.  We did say the 'double dip' was coming, and we'll prove in in due course.

That disaster in Haiti is adding to the Western Hemispheric monetary problem(s).  Money going down a hole.  I sure can't afford to contribute to disaster relief; who can in a recession like this one?

As an aside:
More and more big earthquakes are occurring lately.  Is this something in the way of a future general trend?  Do New Age pundits(I think) predict this in their prophecy?  I remember awhile ago, they did, but it was years ago.

--Lee

ATT

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Re: I see an economic diasater coming...
« Reply #323 on: January 16, 2010, 08:35:56 PM »
More and more big earthquakes are occurring lately...Do New Age pundits(I think) predict this in their prophecy?

Probably, there's been enough prognostication thrown around over the years to pretty much cover all the bases.

Along the lines of subliminal 'global consciousness', maybe the Princeton Egg has generated some new data that correlates with current events, haven't been over there for a couple of years now:
 
http://noosphere.princeton.edu/

I'll have to have a look at earthquake stats, too, now that you mention it:

http://earthquake.usgs.gov/earthquakes/eqarchives/year/eqstats.php

EDIT:

Here's another quake link that might be more informational:

http://earthquake.usgs.gov/earthquakes/recenteqsww/Quakes/quakes_all.html



Tony
« Last Edit: January 17, 2010, 04:19:58 AM by ATT »

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #324 on: January 17, 2010, 11:46:50 PM »
@silverfish

Your previous posting did have a great deal of truth to it.

There are most likely Rightist factions in the Gov't that would like to squash free speech entirely.
However, these people are WAY outnumbered by gun-toting Americans who won't give up said guns willingly(I'm not one of them.  My medical past disallows my owning a gun.)

When the economy cpllapses, there may be a showdown.

--Lee

Azorus

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Re: I see an economic diasater coming...
« Reply #325 on: January 19, 2010, 05:35:03 PM »
I loved the article http://seekingalpha.com/article/182072-here-comes-the-double-dip-recession
Where some of his numbers are a bit on the extreme, he does outline one thing that is very true that a lot have missed.  If your job losses continue to rise, and job creation is lowering it is impossible to have a lower unemployment rate ie November 2009.  And as his article also points out we will continue to see unemployment increase through most of 2010, because of no stimulus jobs.  Most people will notice that stimulus money has been given to large corporations to create or save jobs, which in November the government no longer made it a requirement for them to track which jobs they made, or saved and to lump it into one number, thus making the number worthless.  Of the 2 trillion dollars that where to be spent on infustruture projects, where is it?

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #326 on: January 19, 2010, 07:29:26 PM »
Azorus said:
Quote
I loved the article http://seekingalpha.com/article/182072-here-comes-the-double-dip-recession ... Of the 2 trillion dollars that where to be spent on infustruture projects, where is it?
@Azorus
It isn't merely $2 trillion.  More like $4 trillion.  A conservative American cable TV commentator remarked, using a blackboard, that AIG insurance, the auto industry,  banks, and other were bailed out by the Gov't.

They borrowed the money because there isn't that much available in the economy.  They'll probably need to borrow the money for interest payments, which will compound the problem.

This isn't any answer to the *problem*.
Even California's economy, where I live, has been described as not only a train wreck, but a high speed bullet train wreck about to happen.

It's only a matter of time, as I said before.

--Lee

Azorus

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Re: I see an economic diasater coming...
« Reply #327 on: January 19, 2010, 08:26:24 PM »
I was only going after the 2 trillion the article hinted at as disappearing, but agreed that it would be more like 4 trillion that would have disappeared in total, if you don't count stupid superbowl ads.  And they will prolly spend it on interest payments to forien criditors, which in turn will make the global economy fall again with the us, when we can not make the next payment of intrest.  All and all a bad situation.  Check out what Maine did today to try and balance there budget, it's on cnn, under us tab.

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #328 on: January 19, 2010, 10:09:16 PM »
And they will prolly spend it on A to forien criditors, which in turn will make the global economy fall again with the us, when we can not make the next payment of intrest.  All and all a bad situation. 
I absolutely agree, Azorus.  "The end is nigh", as it was once said.  I noticed on your Overunity stats that you're a European?  Are things as bad in Europe as they are here in the States?
Quote
Check out what Maine did today to try and balance there budget, it's on cnn, under us tab.
I'll look at it.
Reedit:
The article was gone on CNN.  However the periodical papers, NY Times and the Bangor Daily News indicated in articles that steep budget cuts were possible.  Was that what you were referring to?

--Lee

Azorus

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Re: I see an economic diasater coming...
« Reply #329 on: January 20, 2010, 02:27:43 PM »
The article I was refering to was one that involed the governers grand plan to save the states budget for 2011 was to cut half the state jobs, ie schools, traffic repair/control.  in order to cut the States defacet in half.

And no things are not as bad in europe.