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Getting close to hitting the panic button?

 
YaRight
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User ID: 1219589
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08/31/2011 11:38 AM
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Getting close to hitting the panic button?
Source [link to theeconomiccollapseblog.com]





Dont let the markets or MSM tell you anything different....we are close to a colapse





Less than 50%

The following are 25 signs that the financial world is about to hit the big red panic button....

#1 According to a new study just released by Merrill Lynch, the U.S. economy has an 80% chance of going into another recession.

#2 Will Bank of America be the next Lehman Brothers? Shares of Bank of America have fallen more than 40% over the past couple of months. Even though Warren Buffet recently stepped in with 5 billion dollars, the reality is that the problems for Bank of America are far from over. In fact, one analyst is projecting that Bank of America is going to need to raise 40 or 50 billion dollars in new capital.

#3 European bank stocks have gotten absolutely hammered in recent weeks.

#4 So far, major international banks have announced layoffs of more than 60,000 workers, and more layoff announcements are expected this fall. A recent article in the New York Times detailed some of the carnage....

A new wave of layoffs is emblematic of this shift as nearly every major bank undertakes a cost-cutting initiative, some with names like Project Compass. UBS has announced 3,500 layoffs, 5 percent of its staff, and Citigroup is quietly cutting dozens of traders. Bank of America could cut as many as 10,000 jobs, or 3.5 percent of its work force. ABN Amro, Barclays, Bank of New York Mellon, Credit Suisse, Goldman Sachs, HSBC, Lloyds, State Street and Wells Fargo have in recent months all announced plans to cut jobs — tens of thousands all told.
#5 Credit markets are really drying up. Do you remember what happened in 2008 when that happened? Many are now warning that we are getting very close to a repeat of that.

Last Edited by YaRight on 08/31/2011 11:38 AM
The most terrifying words in the English language are: I'm from the government and I'm here to help.
YaRight (OP)

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08/31/2011 11:41 AM
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Re: Getting close to hitting the panic button?
Wait until the PRES comes out with his plan on jobs LOL…we will gave grid lock … my “guess” is the crap will hit the fan right around then
The most terrifying words in the English language are: I'm from the government and I'm here to help.
Anonymous Coward
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08/31/2011 11:45 AM
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Re: Getting close to hitting the panic button?
PREDICTIONS SHOULD BE BANNED FROM LIFE, they arent useful

do not throw your prediction crap around just so you can project your feelings of need

show me some science
show me some facts

people have been yelling collapse since money was first contemplated.....yet we have always survived and evolved
YaRight (OP)

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08/31/2011 11:46 AM
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Re: Getting close to hitting the panic button?
Read the article before mouthing off…..do you anything about statistics? Do you understand the debt to GDP ratio?
The most terrifying words in the English language are: I'm from the government and I'm here to help.
Anonymous Coward
User ID: 343871
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08/31/2011 11:49 AM
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Re: Getting close to hitting the panic button?
PREDICTIONS SHOULD BE BANNED FROM LIFE, they arent useful

do not throw your prediction crap around just so you can project your feelings of need

show me some science
show me some facts

people have been yelling collapse since money was first contemplated.....yet we have always survived and evolved
 Quoting: Anonymous Coward 1390188



this is Doom Porn. the people like to fantasize and take care of themselves while reading GLP.
YaRight (OP)

User ID: 1219589
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08/31/2011 11:51 AM
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Re: Getting close to hitting the panic button?
That made me LOL I like it Doom porn… but on the other hand you might want to wake up and look around your world…remember things never stay the same and all change is not good.

Clear and simple it’s going down

Last Edited by YaRight on 08/31/2011 11:52 AM
The most terrifying words in the English language are: I'm from the government and I'm here to help.
Anonymous Coward
User ID: 1529361
United Kingdom
08/31/2011 11:52 AM
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Re: Getting close to hitting the panic button?
Source [link to theeconomiccollapseblog.com]





Dont let the markets or MSM tell you anything different....we are close to a colapse





Less than 50%

The following are 25 signs that the financial world is about to hit the big red panic button....

#1 According to a new study just released by Merrill Lynch, the U.S. economy has an 80% chance of going into another recession.

#2 Will Bank of America be the next Lehman Brothers? Shares of Bank of America have fallen more than 40% over the past couple of months. Even though Warren Buffet recently stepped in with 5 billion dollars, the reality is that the problems for Bank of America are far from over. In fact, one analyst is projecting that Bank of America is going to need to raise 40 or 50 billion dollars in new capital.

#3 European bank stocks have gotten absolutely hammered in recent weeks.

#4 So far, major international banks have announced layoffs of more than 60,000 workers, and more layoff announcements are expected this fall. A recent article in the New York Times detailed some of the carnage....

A new wave of layoffs is emblematic of this shift as nearly every major bank undertakes a cost-cutting initiative, some with names like Project Compass. UBS has announced 3,500 layoffs, 5 percent of its staff, and Citigroup is quietly cutting dozens of traders. Bank of America could cut as many as 10,000 jobs, or 3.5 percent of its work force. ABN Amro, Barclays, Bank of New York Mellon, Credit Suisse, Goldman Sachs, HSBC, Lloyds, State Street and Wells Fargo have in recent months all announced plans to cut jobs — tens of thousands all told.
#5 Credit markets are really drying up. Do you remember what happened in 2008 when that happened? Many are now warning that we are getting very close to a repeat of that.
 Quoting: YaRight


Those of us with zippo money or interest in all that stuff are currently snoozing with bordom after reading that
Anonymous Coward
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08/31/2011 11:53 AM
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Re: Getting close to hitting the panic button?
bsflag
Anonymous Coward
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France
08/31/2011 11:57 AM
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Re: Getting close to hitting the panic button?
PREDICTIONS SHOULD BE BANNED FROM LIFE, they arent useful

do not throw your prediction crap around just so you can project your feelings of need

show me some science
show me some facts

people have been yelling collapse since money was first contemplated.....yet we have always survived and evolved
 Quoting: Anonymous Coward 1390188


I PREDICT THE U.S. ECONOMY WILL SUFFER AN ECONOMIC COLLAPSE WHICH HAS NEVER BEEN SEEN. THE FALL OF THE U.S., WILL IN TURN, COLLAPSE THE ENTIRE GLOBAL ECONOMY. THIS WILL BRING FORTH THE ANTICHRIST AND HE WILL CREATE A ONE WORLD GLOBAL ECONOMY IN WHICH ONE WILL HAVE TO EXCEPT THE MARK OF THE BEAST IN ORDER TO BUY OR SELL.

DO NOT TAKE THE MARK OF THE BEAST, FOR IT WILL BE YOUR TICKET TO HELL!

THIS WILL HAPPEN FOR IT IS WRITTEN BY ALMIGHTY AND ETERNAL GOD...THE GOD OF ABRAHAM, ISAAC AND JACOB!

YOU'VE BEEN FOREWARNED...
Anonymous Coward
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08/31/2011 11:58 AM
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Re: Getting close to hitting the panic button?
thanks for the read!
YaRight (OP)

User ID: 1219589
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08/31/2011 11:59 AM
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Re: Getting close to hitting the panic button?
PREDICTIONS SHOULD BE BANNED FROM LIFE, they arent useful

do not throw your prediction crap around just so you can project your feelings of need

show me some science
show me some facts

people have been yelling collapse since money was first contemplated.....yet we have always survived and evolved
 Quoting: Anonymous Coward 1390188


I PREDICT THE U.S. ECONOMY WILL SUFFER AN ECONOMIC COLLAPSE WHICH HAS NEVER BEEN SEEN. THE FALL OF THE U.S., WILL IN TURN, COLLAPSE THE ENTIRE GLOBAL ECONOMY. THIS WILL BRING FORTH THE ANTICHRIST AND HE WILL CREATE A ONE WORLD GLOBAL ECONOMY IN WHICH ONE WILL HAVE TO EXCEPT THE MARK OF THE BEAST IN ORDER TO BUY OR SELL.

DO NOT TAKE THE MARK OF THE BEAST, FOR IT WILL BE YOUR TICKET TO HELL!

THIS WILL HAPPEN FOR IT IS WRITTEN BY ALMIGHTY AND ETERNAL GOD...THE GOD OF ABRAHAM, ISAAC AND JACOB!

YOU'VE BEEN FOREWARNED...
 Quoting: Anonymous Coward 1451386


I honestly think it’s a fair race …. The USA first to have a economic collapse or the EU its anyone guess at this point
The most terrifying words in the English language are: I'm from the government and I'm here to help.
Anonymous Coward
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08/31/2011 12:02 PM
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Re: Getting close to hitting the panic button?
more spam for this guys annoying collapse blog, so tired of this. BOOOO
Trbl Ivan

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08/31/2011 12:05 PM
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Re: Getting close to hitting the panic button?
Best possible plan on jobs from BO:
WAR
2% unemployment.
Minimum SS and other retirement expenses.
Khim

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08/31/2011 12:08 PM
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Re: Getting close to hitting the panic button?
Wait until the PRES comes out with his plan on jobs LOL…we will gave grid lock … my “guess” is the crap will hit the fan right around then
 Quoting: YaRight


I can't see how any plan to create jobs can succeed in an economy that is looking at less than 2% growth. No one is going to be hiring with that bleak of an outlook.
BRIEF
Rebel with morals

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08/31/2011 12:22 PM

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Re: Getting close to hitting the panic button?
:COPAFEELPANICSEX:
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
User ID: 1518842
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08/31/2011 12:22 PM
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Re: Getting close to hitting the panic button?
PREDICTIONS SHOULD BE BANNED FROM LIFE, they arent useful

do not throw your prediction crap around just so you can project your feelings of need

show me some science
show me some facts

people have been yelling collapse since money was first contemplated.....yet we have always survived and evolved
 Quoting: Anonymous Coward 1390188


I PREDICT THE U.S. ECONOMY WILL SUFFER AN ECONOMIC COLLAPSE WHICH HAS NEVER BEEN SEEN. THE FALL OF THE U.S., WILL IN TURN, COLLAPSE THE ENTIRE GLOBAL ECONOMY. THIS WILL BRING FORTH THE ANTICHRIST AND HE WILL CREATE A ONE WORLD GLOBAL ECONOMY IN WHICH ONE WILL HAVE TO EXCEPT THE MARK OF THE BEAST IN ORDER TO BUY OR SELL.

DO NOT TAKE THE MARK OF THE BEAST, FOR IT WILL BE YOUR TICKET TO HELL!

THIS WILL HAPPEN FOR IT IS WRITTEN BY ALMIGHTY AND ETERNAL GOD...THE GOD OF ABRAHAM, ISAAC AND JACOB!

YOU'VE BEEN FOREWARNED...
 Quoting: Anonymous Coward 1451386




I predict that you have missed a few steps in your prediction.
Mr. Toppit

User ID: 1158998
United States
08/31/2011 12:24 PM

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Re: Getting close to hitting the panic button?
The government is a culture of lies. The top people are all corrupt as hell. They barely have control of their own agencies and they're broke. This is beyond FU.
Anonymous Coward
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08/31/2011 12:40 PM
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Re: Getting close to hitting the panic button?
The economic collapse will just be the beginning and YES, it's imminent and could happen at any time.
Frankenstein

User ID: 952673
United States
08/31/2011 12:48 PM
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Re: Getting close to hitting the panic button?
PREDICTIONS SHOULD BE BANNED FROM LIFE, they arent useful

do not throw your prediction crap around just so you can project your feelings of need

show me some science
show me some facts

people have been yelling collapse since money was first contemplated.....yet we have always survived and evolved
 Quoting: Anonymous Coward 1390188


What the hell does that have to do with a financial collapse? History is replete with financial collapses. Perhaps survival and evolution becomes a concern if we are faced with an ELE, no?
Anonymous Coward
User ID: 1529425
Italy
08/31/2011 12:49 PM
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Re: Getting close to hitting the panic button?
Source [link to theeconomiccollapseblog.com]





Dont let the markets or MSM tell you anything different....we are close to a colapse





Less than 50%

The following are 25 signs that the financial world is about to hit the big red panic button....

#1 According to a new study just released by Merrill Lynch, the U.S. economy has an 80% chance of going into another recession.

#2 Will Bank of America be the next Lehman Brothers? Shares of Bank of America have fallen more than 40% over the past couple of months. Even though Warren Buffet recently stepped in with 5 billion dollars, the reality is that the problems for Bank of America are far from over. In fact, one analyst is projecting that Bank of America is going to need to raise 40 or 50 billion dollars in new capital.

#3 European bank stocks have gotten absolutely hammered in recent weeks.

#4 So far, major international banks have announced layoffs of more than 60,000 workers, and more layoff announcements are expected this fall. A recent article in the New York Times detailed some of the carnage....

A new wave of layoffs is emblematic of this shift as nearly every major bank undertakes a cost-cutting initiative, some with names like Project Compass. UBS has announced 3,500 layoffs, 5 percent of its staff, and Citigroup is quietly cutting dozens of traders. Bank of America could cut as many as 10,000 jobs, or 3.5 percent of its work force. ABN Amro, Barclays, Bank of New York Mellon, Credit Suisse, Goldman Sachs, HSBC, Lloyds, State Street and Wells Fargo have in recent months all announced plans to cut jobs — tens of thousands all told.
#5 Credit markets are really drying up. Do you remember what happened in 2008 when that happened? Many are now warning that we are getting very close to a repeat of that.
 Quoting: YaRight


MARK MY WORDS

before 2011 ends the S&P 500 will reach the 1.500 area so stop listening to these BS and start to make money
Frankenstein

User ID: 952673
United States
08/31/2011 12:59 PM
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Re: Getting close to hitting the panic button?
Source [link to theeconomiccollapseblog.com]





Dont let the markets or MSM tell you anything different....we are close to a colapse





Less than 50%

The following are 25 signs that the financial world is about to hit the big red panic button....

#1 According to a new study just released by Merrill Lynch, the U.S. economy has an 80% chance of going into another recession.

#2 Will Bank of America be the next Lehman Brothers? Shares of Bank of America have fallen more than 40% over the past couple of months. Even though Warren Buffet recently stepped in with 5 billion dollars, the reality is that the problems for Bank of America are far from over. In fact, one analyst is projecting that Bank of America is going to need to raise 40 or 50 billion dollars in new capital.

#3 European bank stocks have gotten absolutely hammered in recent weeks.

#4 So far, major international banks have announced layoffs of more than 60,000 workers, and more layoff announcements are expected this fall. A recent article in the New York Times detailed some of the carnage....

A new wave of layoffs is emblematic of this shift as nearly every major bank undertakes a cost-cutting initiative, some with names like Project Compass. UBS has announced 3,500 layoffs, 5 percent of its staff, and Citigroup is quietly cutting dozens of traders. Bank of America could cut as many as 10,000 jobs, or 3.5 percent of its work force. ABN Amro, Barclays, Bank of New York Mellon, Credit Suisse, Goldman Sachs, HSBC, Lloyds, State Street and Wells Fargo have in recent months all announced plans to cut jobs — tens of thousands all told.
#5 Credit markets are really drying up. Do you remember what happened in 2008 when that happened? Many are now warning that we are getting very close to a repeat of that.
 Quoting: YaRight


Those of us with zippo money or interest in all that stuff are currently snoozing with bordom after reading that
 Quoting: Anonymous Coward 1529361


It's NOT just a concern for folks with money. The collapse will effect the entire economic matrix including producers, distribution networks and outlets for food, medicines and resources vital to transportation. Notwithstanding the human suffering, this will be quite interesting to watch play out. Historical significance

Last Edited by Frankenstein on 08/31/2011 01:01 PM
Frankenstein

User ID: 952673
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08/31/2011 01:00 PM
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Re: Getting close to hitting the panic button?
Source [link to theeconomiccollapseblog.com]





Dont let the markets or MSM tell you anything different....we are close to a colapse





Less than 50%

The following are 25 signs that the financial world is about to hit the big red panic button....

#1 According to a new study just released by Merrill Lynch, the U.S. economy has an 80% chance of going into another recession.

#2 Will Bank of America be the next Lehman Brothers? Shares of Bank of America have fallen more than 40% over the past couple of months. Even though Warren Buffet recently stepped in with 5 billion dollars, the reality is that the problems for Bank of America are far from over. In fact, one analyst is projecting that Bank of America is going to need to raise 40 or 50 billion dollars in new capital.

#3 European bank stocks have gotten absolutely hammered in recent weeks.

#4 So far, major international banks have announced layoffs of more than 60,000 workers, and more layoff announcements are expected this fall. A recent article in the New York Times detailed some of the carnage....

A new wave of layoffs is emblematic of this shift as nearly every major bank undertakes a cost-cutting initiative, some with names like Project Compass. UBS has announced 3,500 layoffs, 5 percent of its staff, and Citigroup is quietly cutting dozens of traders. Bank of America could cut as many as 10,000 jobs, or 3.5 percent of its work force. ABN Amro, Barclays, Bank of New York Mellon, Credit Suisse, Goldman Sachs, HSBC, Lloyds, State Street and Wells Fargo have in recent months all announced plans to cut jobs — tens of thousands all told.
#5 Credit markets are really drying up. Do you remember what happened in 2008 when that happened? Many are now warning that we are getting very close to a repeat of that.
 Quoting: YaRight


MARK MY WORDS

before 2011 ends the S&P 500 will reach the 1.500 area so stop listening to these BS and start to make money
 Quoting: Anonymous Coward 1529425


I'd love to believe you... convince me
The Antichrist
User ID: 1123721
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08/31/2011 01:03 PM
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Re: Getting close to hitting the panic button?
PREDICTIONS SHOULD BE BANNED FROM LIFE, they arent useful

do not throw your prediction crap around just so you can project your feelings of need

show me some science
show me some facts

people have been yelling collapse since money was first contemplated.....yet we have always survived and evolved
 Quoting: Anonymous Coward 1390188


I PREDICT THE U.S. ECONOMY WILL SUFFER AN ECONOMIC COLLAPSE WHICH HAS NEVER BEEN SEEN. THE FALL OF THE U.S., WILL IN TURN, COLLAPSE THE ENTIRE GLOBAL ECONOMY. THIS WILL BRING FORTH THE ANTICHRIST AND HE WILL CREATE A ONE WORLD GLOBAL ECONOMY IN WHICH ONE WILL HAVE TO EXCEPT THE MARK OF THE BEAST IN ORDER TO BUY OR SELL.

DO NOT TAKE THE MARK OF THE BEAST, FOR IT WILL BE YOUR TICKET TO HELL!

THIS WILL HAPPEN FOR IT IS WRITTEN BY ALMIGHTY AND ETERNAL GOD...THE GOD OF ABRAHAM, ISAAC AND JACOB!

YOU'VE BEEN FOREWARNED...
 Quoting: Anonymous Coward 1451386

So you'd rather starve to death than wear a swastika or 666 on your forehead or hand?
Frankenstein

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United States
08/31/2011 01:04 PM
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Re: Getting close to hitting the panic button?
:COPAFEELPANICSEX:
 Quoting: BRIEF


Karma point coming your way for excellent execution of "hand on breast" move... very well done indeed.

Edit: Sorry Brief... "The Man" won't let me give you more than one karma point per week

Last Edited by Frankenstein on 08/31/2011 01:07 PM
Vision Thing

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08/31/2011 01:07 PM

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Re: Getting close to hitting the panic button?
Here's another snip from the article, still less than 50%:

"Things have not looked this bad for global financial markets since 2008. Unless someone rides in on a white horse with trillions of dollars (or euros) of easy credit, it looks like we are headed for a massive credit crunch.

What we witnessed back in 2008 was absolutely horrifying. Very few people want to see a repeat of that. But as things in the U.S. and Europe continue to unravel, it appears increasingly likely that the next wave of the financial crisis could hit us sooner rather than later.

None of the fundamental problems that caused the crisis of 2008 have been fixed. The world financial system is still one gigantic mountain of debt, leverage and risk.

Authorities around the globe will certainly do all they can to keep things stable, but in the end it is inevitable that the house of cards is going to come crashing down.

Let us hope for the best, but let us also prepare for the worst."
"How can the breakaway civilization operate with impunity? There is a vast secrecy about outer space and inner space. Inner space is consciousness. Eight billion people have to have their inner space shut down, through mind control, so that the outer space program can be kept secret.

Divorcing inner and outer space from each other is the core goal of all elites. It always has been. My commitment is to ending the divorce. Then we would be privy to an astounding kind of knowledge. Not just new information, but a new kind of information. We would see with new eyes." - Jon Rappoport
Eggcellent

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08/31/2011 01:09 PM
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Re: Getting close to hitting the panic button?
Wait until the PRES comes out with his plan on jobs LOL…we will gave grid lock … my “guess” is the crap will hit the fan right around then
 Quoting: YaRight




Yeah, he came out with it this morning. Something about telling congress to pass yet ANOTHER bill to tell the airlines to put their people back to work because the Gubb'mint is losing millions in tax revenue every day.

So I guess your job is safe if you work for the airlines or TSA.

bump bump and 5 stars!
"I have come to the conclusion that all news should be treated like 9/11, assume it is a psyop with actors participating in a staged event complete with props, until proven otherwise, in which case assume whatever is being recorded, reported, televised, is distortions/lying by omission/outright lies, until proven otherwise." - Anonymous, 4-13-12
Vision Thing

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08/31/2011 01:09 PM

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Re: Getting close to hitting the panic button?
I can't see how any plan to create jobs can succeed in an economy that is looking at less than 2% growth. No one is going to be hiring with that bleak of an outlook.
 Quoting: Khim


Sad but true.
"How can the breakaway civilization operate with impunity? There is a vast secrecy about outer space and inner space. Inner space is consciousness. Eight billion people have to have their inner space shut down, through mind control, so that the outer space program can be kept secret.

Divorcing inner and outer space from each other is the core goal of all elites. It always has been. My commitment is to ending the divorce. Then we would be privy to an astounding kind of knowledge. Not just new information, but a new kind of information. We would see with new eyes." - Jon Rappoport
Anonymous Coward
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United States
08/31/2011 01:16 PM
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Re: Getting close to hitting the panic button?
PREDICTIONS SHOULD BE BANNED FROM LIFE, they arent useful

do not throw your prediction crap around just so you can project your feelings of need

show me some science
show me some facts

people have been yelling collapse since money was first contemplated.....yet we have always survived and evolved
 Quoting: Anonymous Coward 1390188



this is Doom Porn. the people like to fantasize and take care of themselves while reading GLP.
 Quoting: Anonymous Coward 343871


might as well stop thinking if that's the case. join the ride with all the sheeples.
Anonymous Coward
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Canada
08/31/2011 01:19 PM
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Re: Getting close to hitting the panic button?
Its it funny how BoA was able to destroy the Wikileaks concerning their holdings and thus put off their demise for a while longer..
Anonymous Coward
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08/31/2011 01:20 PM
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Re: Getting close to hitting the panic button?
Read the article before mouthing off…..do you anything about statistics? Do you understand the debt to GDP ratio?
 Quoting: YaRight


Better yet. Use revenue instead of GDP as the ratio.
YaRight (OP)

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08/31/2011 01:31 PM
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Re: Getting close to hitting the panic button?
source [link to www.voxeu.org]


From another site that I like

Default would be a terribly messy situation. Policy responses – responses that would have to be put in place extremely rapidly, over a weekend in the best of cases – will be crucial in shaping the gravity of any default’s implications. This is reason why the ECB needs to think ahead on this.

When not if it happens its will go down quickly
The most terrifying words in the English language are: I'm from the government and I'm here to help.

News








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