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2012 to 2014 (The Second Great Depression)

 
Johnlaw2012
User ID: 874483
Singapore
08/28/2010 11:52 AM
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2012 to 2014 (The Second Great Depression)
Jim Rogers, the market sage, has warned the global economy is just two years away from another recession, but remains ill-prepared to cope with the after-effects.

Andy Xie
The belief that a stimulus plan by itself could jump-start an economy and set it on a path of sustainable growth has led to loose monetary and fiscal policies around the world. That mistake is pushing the world towards high inflation, and laying the ground for another crisis in 2012.

Song Hongbing

He believes that 2012 will face the United States claims the two block walls, and now the United States action not only alleviate the problem can not, but the increase and the delay problem. “2012 and 2014 the United States will face a huge wall of debt, the United States only 7 trillion foreign exchange reserves, the size of U.S. dollars in 2012 to 2014 may appear a serious devaluation of the cycle, which will give you a second strategic investment opportunities.
Anonymous Coward
User ID: 1078058
United States
08/28/2010 01:14 PM
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Re: 2012 to 2014 (The Second Great Depression)
It's HERE NOW, numbnuts !

Just because YOU never LIVED one IS some excuse for NOT recognizing the symptoms of the 'disease' !

I would bet you voted for Obammy, and STILL listen to his dribble/LIES !

Also, YOU believe the unemployment rate is (.5, when it IS OVER 20%. I've wasted enough time one this thread !
theculmination
User ID: 1072885
United States
08/28/2010 01:19 PM
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Re: 2012 to 2014 (The Second Great Depression)
Hello (OP) i'm from Earth have we met? I don't think so.
Anonymous Coward
User ID: 961432
United States
08/28/2010 01:20 PM
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Re: 2012 to 2014 (The Second Great Depression)
Umm, the "stated" national debt is $13 trillion, but Fannie Mae and Freddie Mac have federal guarantees. Their debt is about $6 trillion. That means our real debt, today, is around $19 trillion that puts the US at 130% debt to GDP. However, GDP is rigged it includes debt components in the statistic. Also, through TARP many banks have guarantees from the US Treasury, these guarantees amount to roughly $11 trillion and could possibly be twice that figure or $22 trillion. So today, the US debt is at least $30 trillion or 230% of GDP. Every single country that has exceeded a debt to GDP ratio of 90% has ended up defaulting on their debt.
Northforker

User ID: 1007142
Canada
08/28/2010 02:07 PM
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Re: 2012 to 2014 (The Second Great Depression)
2012-2014 will be the rebirth of the USA and much blood will be spilled in the process, I'm looking forward to it.
Calling an illegal alien an undocumented alien is like calling a drug dealer an unlicensed pharmacist.

I just realized... they aren't saying, "Keynesian Economics"
they're saying "Kenyansian Economics". Grass Huts for everyone!

Herbert Spencer, originator of the term, "Survival of the Fittest," said it best - "The ultimate result of shielding men from the effects of folly is to fill the world with fools."
Anonymous Coward
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United States
08/28/2010 02:37 PM
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Re: 2012 to 2014 (The Second Great Depression)
2012-2014 will be the rebirth of the USA and much blood will be spilled in the process, I'm looking forward to it.
 Quoting: Northforker


Wow that's gloomy. I don't think "blood will be spilled". I think that the debt will be repudiated, the charter for the Federal Reserve will be revoked and FRN's will be exchanged at some ratio to either US Mint issued gold coin or treasury issued greenbacks. Going back to a gold standard is unlikely, therefore I think the treasury will print non interest bearing notes. However, this could really upset other countries that hold large amounts of US debt, that could mean WWIII.

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