Moran sez: We are looking straight into the face of a Great Depression

Well! We can see that in the markets today. They are terrified!!
Or not!! We talk about economic armagaddon, but it will never happen. They always comes up with a solution that the people on street buys into?

They can kick the can down the streets for decades, just like Japan has. After all, it took the roman epire more than 100 years of rot and decline before it collapsed. My estimate is 15 years.

my advice is to buy a family farm ASAP

Last Edited by Mr. Predictor on 11/11/2011 11:29 AM

Already on that.

Pin!

Don't think so, the average Japanese person saved at least 10% of their wages, and had a large reserve of savings 20 years ago. However, through inflation of their monetary base to keep their TBTF's solvent, that savings base has nearly eroded.

They did it all on the back of their citizens, we don't have that luxury here where most people are in debt up to their eyeballs.

They only have two tools: Austerity and money printing. Austerity is political suicide, and as for money printing, ask Weimar Germans how that turned out.

^^this

Great post...the sheep out there need to wake up and

My other threads, that I worked hard on:
Thread: Economic doom: What are YOU doing to prepare?
Thread: 47 verifiable facts showing we're either headed for Dark Ages II or the Tribulation
[link to www.godlikeproductions.com]

So what are YOU doing to prepare?

black friday, cheers all

My favorite psychic says 7 or 8 more years and we'll look back on this time as the good old days.

Moran is a moran. We're actually staring straight into the asshole of a great depression.

Oh it will happen... This is not fear-based. It will be very good news when it does.

Look, as long as Jim Cramer goes on CNBC and says things are fine, THEY ARE FINE.

As long as they install some Bilderberg as Italian or Greek PM, THEY ARE FINE.

THINGS ARE FINE.

As long as the markets don't think things are "that bad" based on completely superficial news, THEY ARE FINE.

While the numbers tell us It's Game Over, it doesn't matter! Because the rules have changed. There are no longer consequences anymore for bad debts, bad policy, money printing, banks behaving like casinos.

NO CONSEQUENCES ANYMORE! So we can whine, but there will never be a crash.

It will take 100 years to fail, and the Fat Cats will live out their opulent, consequence-free lives and die off before it all falls apart.

2012: Reaching “Limits to Growth”?

It looks to me as though 2012 is likely to be a truly awful financial year, with several crises converging:

1. Either very high oil prices or recession,
2. The US governmental debt limit crisis,
3. The Euro crisis,
4. The Chinese debt problem,
5. Debt deleveraging in the US and elsewhere,
6. Further MENA (Middle East/North Africa) political problems, and
7. Conflict between need for greater resources and pollution issues.

Read more: [link to ourfiniteworld.com]

Last Edited by SlowBro on 11/11/2011 01:44 PM

Financial Impacts of Reaching ‘Limits to Growth’

I gave a talk on expected financial implications of the oil limits that we are now reaching at a recent meeting of the Association for the Study of Peak Oil-USA. My talk consisted of two parts:

1. Why the impact of oil supply limits is expected to be more severe than simply a reduction in oil supply would imply. I believe we are really reaching a more general “limits to growth” because of the impact of high oil prices, interconnectedness of all of the systems, and the short-term inability to substitute one fuel for another.
2. What the short-term financial impacts might be.

Read more: [link to ourfiniteworld.com]

The Crash Course: The 45 Minute Version
(Longer version is really good if you have the time.)

The Crash Course video seminar is my attempt to synthesize—in a coherent, rigorously factual, and easily digestible form—the information that I gathered over a period of five years revealing the interdependence of our economy, environment, and energy systems.

My goal is to shed light on the limits of our present economic model of infinite growth as we increasingly face the realities of a planet with finite resources. I seek to lay out possible paths for our future and to provide people with tools and information so that they will be better able to make informed choices.

[link to www.chrismartenson.com]

Last Edited by SlowBro on 11/11/2011 01:45 PM

We're not getting off the hook the easy way because there's no reset button. Our owners aren't done milking us and when they are, it's off to the frying pan for us.

wow a moran with a brian!

That's a cheery thought, you must be a trust fund baby.

Unfortunately the system is built on ever increasing debt, debt who's principle is never really paid down and the necessary interest is serviced with newly issued debt.

Mathematically, eventually, this all blows up - that is when you are on the puck end of the hockey stick, and that is exactly where we are at.

Hmm, so you and I both have that "2012 gut feeling"? :-)

Congrats on the thread pin!

Oops - that was a quote - wasn't you. So what think you?

My gut feeling is saying it's going to happen way before 2012...

I'm trying ! But farms around here are too expensive !!!

Within my lifetime. All I'm sayin' :-) See this thread:
Thread: 47 verifiable facts showing we're either headed for Dark Ages II or the Tribulation

Last Edited by SlowBro on 11/11/2011 02:38 PM

Check this out as an alternative:
[link to urbanhomestead.org]

Yes, it doesn't work. There is bad times acoming and I really don't know what to do. I'm not working right now and I don't think that I could hold down a job very well with my mental state as it is, but my husband and I have a small business. We are in debt so bad and have nothing we can do but try each day to get more business and make ends meet. We are failing. But, the Grace of God is more than our silly efforts could be and yesterday, my husband was busy all day long with customers coming and going and I am very happy about that. We are in a small town and have been open for 3 years and for the past 2 years, business slowed down at this time of the year. This year, it has been maintaining it's pace and I owe it all to The Lord being so good to us.

There really is no safety in money. Men are going to get greedy and you can try to regulate them, but they will fight against any restraint for their world-wide gambling and get rich quick money making schemes called the Stock Market and Risk Banking. They will do it no matter how many times one person or group tries to stop them. There is only safety in Jesus Christ, and mind you it isn't physical safety, but spiritual. He takes care of our physical needs to, but you have to trust Him. This world will never trust Him and they will go after the money and this heartbreak will happen over and over until God ends it. There is no other way that it can or will be.

Read about George Mueller, who would instruct us very well in this day. Apparently, hundreds (thousands?) of atheists were born again because they couldn't refute the facts of his life testimony. And this God still lives!