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Author Topic: I see an economic diasater coming...  (Read 1440629 times)

Azorus

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Re: I see an economic diasater coming...
« Reply #390 on: March 18, 2010, 08:32:41 PM »
Loved the article.  There is one problem with the time frame that is laid out, it does not take into account the amount of subprime mortgages that have already defaulted and have not been reclaimed.  I guess what I'm saying is these new Alt-A mortgages will fall into the already back logged subprime, just creating an even longer depression.  i suspect they are being overzelous with it coming lasting into 2012, I suspect it will be longer, more like 2014.

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #391 on: March 19, 2010, 12:52:33 AM »
Loved the article.  There is one problem with the time frame that is laid out, it does not take into account the amount of subprime mortgages that have already defaulted and have not been reclaimed.  I guess what I'm saying is these new Alt-A mortgages will fall into the already back logged subprime, just creating an even longer depression. ...
By that, I assume you mean the properties are languishing on the American real estate market and clogging the banks' books with bad assets?  If so, I agree the added delinquencies would depress the market further.
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... i suspect they are being overzelous with it coming lasting into 2012, I suspect it will be longer, more like 2014.
Oh, absolutely.  And that's not all.  There's economic pressure on another front:

http://business.timesonline.co.uk/tol/business/economics/article5733723.ece
(My question is:  Can Germany or France or the EU continue to bail out member states forever?  Without serious social consequences?  I think not.


http://www.guardian.co.uk/commentisfree/2010/feb/07/greece-default-debt-eu
(Same thing here.  Other European countries have seen Greek history and may not help, especially concerning the 'running from the lion story' as related in the article.  Greek citizens are more than a little upset at their Gov't's taxation and cutback plans.

The American cable TV economic/political commentator, Glenn Beck, predicts financial chaos if the American Gov't does the same as Greece to try and fix the economy.

More fuel for the fire.  So, I agree with you Azorus.

--Lee

triffid

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Re: I see an economic diasater coming...
« Reply #392 on: March 20, 2010, 04:00:53 AM »
I got more info on silver today.It seems to me if an american bank like JP morgan can short 20-30% of the silver in the world and keep the price down for the past 15 years.Then they should be able to keep the price down for the next 5 years too.It depends on what the bank wants to do.Remember before JP Morgan it was AIG.triffid

X00013

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Re: I see an economic diasater coming...
« Reply #393 on: March 20, 2010, 05:15:57 AM »
The real problem with this is food and water and or heat when your state/feds fail to spoon feed you what they have denied you for so long. 99.99 % of the population cant fend for themselves via food or power. Ask yourself this, can i provide and live for 12 months on my own and provide for my children, and after that

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #394 on: March 20, 2010, 08:58:33 PM »
...Ask yourself this, can i provide and live for 12 months on my own and provide for my children, and after that
I agree.  If people aren't self-reliant, the whole world will end up looking like the movie, "The Road", with Viggo Mortenson:

http://www.theroad-movie.com/

--Lee

triffid

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Re: I see an economic diasater coming...
« Reply #395 on: March 22, 2010, 04:02:47 PM »
Over the weekend I heard good news even though its about 3-5 years old.It seems that Iceland is trying to wean itself away from oil and natural gas by going over to hydrogen gas.Since they have so much geothermal power to generate electricity with .They are looking at getting the hydrogen by splitting water into h and o.The push was on to to develop add on hydrogen systems for any ICE powered car in the world.It seems that Germany is leading the way in hydrogen powered cars.Alan Alda was talking about it on a show on PBS tv.triffid

triffid

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Re: I see an economic diasater coming...
« Reply #396 on: March 22, 2010, 04:08:47 PM »
The show stated too that the car companies are determined to push us towards using hydrogen even though a battery powered car was developed with a 300 mile range.A two seater named the x-zero or x-one.triffid

triffid

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Re: I see an economic diasater coming...
« Reply #397 on: March 22, 2010, 04:57:42 PM »
I tried to find some info on that two seater but could not.I did find info on Stan and Iris Ovashinsky.More than anyone else they may pave the way towards us using hydrogen gas to get around on.triffid
http://www.pbs.org/saf/1506/features/ovshinsky.htm

triffid

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Re: I see an economic diasater coming...
« Reply #398 on: March 22, 2010, 05:14:56 PM »
I found bad news on Stan Ovshinsky's "half the cost of regular solar panel" solar panels.Read it and weep.Corporate greed triumphs again.Triffid
http://www.thegreenerhome.com/eblog/whatever-happened-to-low-cost-solar-power/

triffid

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Re: I see an economic diasater coming...
« Reply #399 on: March 22, 2010, 05:23:34 PM »
  United Solar Ovonic is a wholly owned subsidiary of Energy Conversion Devices, Inc. therefore its out of his hands triffid

PhiScience

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Re: I see an economic diasater coming...
« Reply #400 on: March 22, 2010, 07:21:23 PM »
Yes, Iceland does have an abundant amount of geothermal activity going on. The latest from yesterday when lava is spotted coming out from under a glacier.  :o
    http://www.youtube.com/watch?v=bcUa_g_XVrQ&feature=player_embedded

http://www.allheadlinenews.com/articles/7018176163

Now that thing could light up a few light bulbs, don’t you think?
And for a lot cheaper than a nuclear power plant.

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #401 on: March 22, 2010, 08:36:05 PM »
Over the weekend I heard good news even though its about 3-5 years old.It seems that Iceland is trying to wean itself away from oil and natural gas by going over to hydrogen gas.
That's all well and good, as far as that goes.  However, if their economy collapses, can their farmers or fishermen feed the country on available farmland or dwindling oceanic fauna?
I GOOGLized "iceland food production imports":  Iceland probably imports about 100,000 metric tonnes of different, various kinds of foods this year and last, at least.  Cereals, sugar and similar items, for example.  Things they need but can't be acquired in Iceland's yearly weather.
And also: Corrugated iron and similar specialized items.  Not that much heavy industry on Iceland.

If they have no money or less of it, the lack thereof will be a problem for them.

--Lee

triffid

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Re: I see an economic diasater coming...
« Reply #402 on: March 24, 2010, 02:56:29 AM »
I guess geothermal production of electrical power is the main thing Iceland has going for it.They have the cheap electrical power to refine aluminum.There were about 300,000 people in the country in 2005.Maybe more now?A pound of aluminum requires so much electricity to refine it that you could almost consider it solid electricity.triffid

the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #403 on: March 24, 2010, 03:18:10 AM »
I guess geothermal production of electrical power is the main thing Iceland has going for it.They have the cheap electrical power to refine aluminum.
That's right.  Lots and lots of heat.  That recent volcano erupting has melted it way all the way through the glacier it under.  The patch of bare rock is getting bigger.  And, there's a bigger volcano nearby that could even change the Earth's climate(natural nuclear winter---well, autumn).
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There were about 300,000 people in the country in 2005.Maybe more now?A pound of aluminum requires so much electricity to refine it that you could almost consider it solid electricity.triffid
That's true.  I learned that in high school.  That's why OU is so important.

To the thread topic:
http://finance.yahoo.com/news/Euro-Sunk-As-Greece-Bailout-fxcm-4126397018.html?x=0&.v=1
http://thedailybell.com/781/The-Great-Greek-Unraveling-of-the-EU.html
(That second article is something to read carefully.  If the EU falls apart politically and/or financially, that could destabilize a lot of the world's healthier economies---including ours, since England and that part of the world is so interconnected to our economy.  It's all connected.

--Lee

the_big_m_in_ok

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Re: I see an economic disaster coming... as updated from Page 1...
« Reply #404 on: March 25, 2010, 02:09:25 AM »
@all
Even if this site below is religiously oriented, they actually do have a point:
http://www.thetrumpet.com/index.php?q=6392.4873.0.0
Also:
http://dailyreckoning.com/yet-another-jobs-dilemma/

http://www.thetrumpet.com/index.php?q=6097.4500.0.0


UPDATE:
http://alldownriver.com/forum/archive/index.php/t-51045.html

http://fargoneworld.blogspot.com/2009/02/summer-of-rage-may-spill-into-worldwide.html

There are other articles available for downloading, of course, but my point is:  After the Health Care vote in Congress, signed into law by the President, some congressional members, especially Democrats---including phone calls---were verbally threatened.  Vandalism of their offices, etc.

This is a new one to me.  To say the least!!!!!  But, since I live in a West Coast multistory, low income high rise, I'm going to budget more money in Apr. for cans of food.  And, refrain from buying much for my refrigerator, since the power might fail if the national social situation "goes south" and civil unrest erupts like the articles above speculate may happen.

--Lee