Godlike Productions - Conspiracy Forum
Users Online Now: 2,275 (Who's On?)Visitors Today: 670,066
Pageviews Today: 965,871Threads Today: 245Posts Today: 4,730
09:46 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

The Economic Collapse

 
Psych

User ID: 903456
Netherlands
11/11/2012 12:36 PM

Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
They are very good at kicking the can down the road though.

People who expect the crash to happen any day now, for the past few years, underestimate the savviness of bankers and their conditionalities, and corrupt governments and their austerity measures.

We will not see a full blown crash. It is going to be a soft landing. Society's living standard will slowly but surely decline until the debts are under control.

For Americans it is going to be very interesting in the near future. The fiscal cliff is going to force the government to develop and implement a long term strategy, and it not going to be pretty.

Over here in Europe it is a bit of a different story but the outcome will pretty much be the same.
Anonymous Coward
User ID: 27448096
United States
11/11/2012 12:41 PM
Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
This is simple: WE HAVE TOO MUCH DEBT. TOO MUCH. Economic activity would have to EXPLODE to double digit yearly increases to deal with it the usual way, that obviously isn't going to happen. There are only two other ways:

Print money - hyper inflation

Write-off the debt or most of it. A war? Dunno.
Anonymous Coward
User ID: 26350310
Canada
11/11/2012 12:44 PM
Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
blaa blaaa they say that every day whats taking to long?
Anonymous Coward
User ID: 70872
United States
11/11/2012 12:48 PM
Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
"Unless huge amounts of Greece debts are fogiven"

And that is exactly what will happen.
 Quoting: Anonymous Coward 27509153


I'd say the two options for Greece are, either 75% of their total debt is forgiven and they get their deficit under control, or they go iceland and quit the Euro and kick the bankers out of their country.

The only problem for Greece is their European Socialist Welfare state. Iceland had a very small population, and they were able to get away with kicking the bankers out because there wasn't the massive entitlement spending like you see in Greece, so they could stabilize their currency relatively quickly.

With Greece's existing welfare spending making up such a huge percentage of their budget, If they quit the Euro they would take at least a 100% deduction in any National currency based on Euro's, and if they continued to rack up debt, they could soon find their currency in hyper-inflation...

Eventually Greece will be forced out of the Eurozone no matter what, their GDP is imploding, they can't maintain these type of Austerity Measures forever, and the more they cut, the lower the GDP falls...

It's a spiral now, every time you cut the economy gets worse, spend more and you only increase the problem, they will have to take drastic measures...
 Quoting: Saddletramp


From what I've been reading we're in a lot worse shape here.UGHHHHH.....bump
Angelic_Warrior

User ID: 23290196
United States
11/11/2012 12:55 PM
Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
Gotta love Ann Barnhardt and she's right on the money....

I just started collecting social security early at 62. Friend of mine is waiting till he's 65 for a bigger check. He'll be lucky if he collects anything....
 Quoting: Anonymous Coward 23011194



I agree! I love her too! Especially her youtube video where she rips Lindsey Graham and new one then burns a quran. The bacon bookmarks were genius.

Been on her website lately? I was there a couple of weeks ago. The IRS confiscated $20,000.00 she had in her bank account .. left her with $100.00.

Last Edited by Angelic_Warrior on 11/11/2012 01:25 PM
But the natural man receiveth not the things of the Spirit of God: for they are foolishness unto him: neither can he know them, because they are spiritually discerned.
I Corinthians 2:14

God doesn't choose favorites.. They choose HIM

It is not the greatness of my faith that moves mountains but my faith in the greatness of God
Anonymous Coward
User ID: 21704313
United States
11/11/2012 01:00 PM
Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
Expecting it. But the fudgepackers will be caught totally off guard and will lose it when their EBT cards buy very little....
 Quoting: Anonymous Coward 23011194


thumbs

even the vast, vast majority of those NOT on ebt will be caught off guard
 Quoting: Anonymous Coward 27468783


your right about that. very few are ready for what is coming down the pike.
 Quoting: Anonymous Coward 23011194


I agree in theory. Only the sheer will of the sheeple keep this imaginary economy running.
Anonymous Coward
User ID: 12582603
Canada
11/11/2012 01:09 PM
Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
Excellent video but if I was Greece, I'd get out of the EU and kick the bankers out. They can't pay off the debt anyway. They are letting the bankers take over and run their government. The Greeks can go into protectionalist mode. Manufacture their own goods, food, become self sufficient and keep their sovernty in tact
Mr. Toppit

User ID: 26466623
United States
11/11/2012 01:13 PM

Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
They are very good at kicking the can down the road though.

People who expect the crash to happen any day now, for the past few years, underestimate the savviness of bankers and their conditionalities, and corrupt governments and their austerity measures.

We will not see a full blown crash. It is going to be a soft landing. Society's living standard will slowly but surely decline until the debts are under control.

For Americans it is going to be very interesting in the near future. The fiscal cliff is going to force the government to develop and implement a long term strategy, and it not going to be pretty.

Over here in Europe it is a bit of a different story but the outcome will pretty much be the same.
 Quoting: Psych


There is already a long term strategy in place. Politicians protect the government, grow old and die rich.
ArchaicSEAL
User ID: 15583309
United States
11/11/2012 01:29 PM
Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
"Unless huge amounts of Greece debts are fogiven"

And that is exactly what will happen.
 Quoting: Anonymous Coward 27509153


How do you "forgive" debt? That money is owed to people. Whether you want to call those "people" a nation or banks. In the end someone holds the other end of that string. That someone now loses what they invested in and it affects how they deal with their "disposable" income, because now they have to use it to cover their losses.

And all roads lead back to the CDS market.

In essence, what you are saying is that the GREAT economic reset will just be an overall forgiveness of debt to everyone.

Of course, we who understand economics simply call this a global systemic economic collapse.
Anonymous Coward
User ID: 24786492
United States
11/11/2012 01:37 PM
Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
What has caused all the debt. The ever increasing prices and over inflated prices of real estate, homes, food, electricity, wars, etc. for past 30 years. This was happening while wages were stagnant or decreasing over this period of time in the private sector. You can't have people making minimum wage while buying homes that were selling supposedly worth $300 thousand dollar. The elites created this situation and now there going to dump it in your laps to pay for. I hope everyone (SHEEP) enjoys there new found third world status.
Abi ~

User ID: 25045778
United States
11/11/2012 01:42 PM

Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
Never fear...nothing that a good war won't "fix"....(sarcasm...but truth, nonetheless) watch for it...;(
You accept the love you think you deserve~~~

Love cannot live where there is no trust~~~

Truth has no temperature~~~
davvi

User ID: 3677166
United States
11/11/2012 01:44 PM

Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
Once US bonds are downgraded from AAA to AA it's over.
I'm thinking around late April or early May.
Setting the stage for the shit really hitting the fan in the summer.
Hyperinflation and the whole bit.

It is going to happen sooner or later that much is certain.
Maybe Obama winning was a good thing.
Sooner would be better than later for me.
 Quoting: Just Some Guy


i agree sooner would be better than later. what republicans need to do is just get out of the way and let it go, and don't be seen to obstruct the won no matter what. they do need to do is issue lots of warnings and say they don't agree with certain policies but oblamebush has the will of the people and we can not obstruct their will.

5 years from now the eternally stupid will still blame bush, but a light bulb may just go on in some feeble lefty brain and they will realize that welfare states no matter how big or small never succeed.
"What is your 'fair share' of what someone else has worked for?" -- Thomas Sowell

I never give RED karma, only GREEN for great posters. If you give me red or green please leave your name, I like to say thank you...

Leftist Jews create anti-Semitism.
Anonymous Coward
User ID: 2134890
Sweden
11/11/2012 01:46 PM
Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
bsflag
Anonymous Coward
User ID: 27529316
United Kingdom
11/11/2012 01:49 PM
Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
granny
s. d. butler

User ID: 974819
United States
11/11/2012 01:50 PM
Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
Once US bonds are downgraded from AAA to AA it's over.
I'm thinking around late April or early May.
Setting the stage for the shit really hitting the fan in the summer.
Hyperinflation and the whole bit.

It is going to happen sooner or later that much is certain.
Maybe Obama winning was a good thing.
Sooner would be better than later for me.
 Quoting: Just Some Guy


i agree sooner would be better than later. what republicans need to do is just get out of the way and let it go, and don't be seen to obstruct the won no matter what. they do need to do is issue lots of warnings and say they don't agree with certain policies but oblamebush has the will of the people and we can not obstruct their will.

5 years from now the eternally stupid will still blame bush, but a light bulb may just go on in some feeble lefty brain and they will realize that welfare states no matter how big or small never succeed.
 Quoting: davvi


They'll never realize that. When the economy is in ruins,they'll blame everyone and everything but themselves.
Anonymous Coward
User ID: 26085824
United States
11/11/2012 01:51 PM
Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse

 Quoting: gebahie


This girl makes some good points about how things don't add up, but then she loses all credibility by regressing into typical American religious extremist rubbish.

True there will be a collapse, but she seems to think all will be well if we just go back to a 'pure' capitalism without computerised trading etc. Truth is missus that the world has too many people and too many conflicting interests, and too little resources and too much ignorance.

The current system can't work, but neither can hers - nor for that matter anything we have tried before. To be honest I'm resigned to the fact that collapse is not just inevitable but actually needed as part of nature's cycle. We have grown too big - our last chance to sustain the growth and prosperity came and went with our failure to get off this rock and start colonising space during the 60s/70s.
 Quoting: Anonymous Coward 23992770

Do people in the UK have any critical thinking skills at all? Her argument does not depend on her religious beliefs, it stands on its own. She articulates religious ideas only when talking about clergy, and their view on health care. Those arguments are directed at clergy. But the argument is also couched in economic terms.
1. You cannot provide an unlimited amount of an item free of charge to people.
2. The item in question is the labor of other people.
3. Forcing other people to provide their labor in unlimited amounts (at a price set by government) reduces those workers (doctors) to slavery.
4. Comprehensive health insurance prevents the price mechanism from working.

Are you incapable of seeing the economic underpinnings of her argument, UK?

BTW, this is the best refutation of the idea of universal health insurance I have ever seen.
s. d. butler

User ID: 974819
United States
11/11/2012 01:52 PM
Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
Gotta love Ann Barnhardt and she's right on the money....

I just started collecting social security early at 62. Friend of mine is waiting till he's 65 for a bigger check. He'll be lucky if he collects anything....
 Quoting: Anonymous Coward 23011194



I agree! I love her too! Especially her youtube video where she rips Lindsey Graham and new one then burns a quran. The bacon bookmarks were genius.

Been on her website lately? I was there a couple of weeks ago. The IRS confiscated $20,000.00 she had in her bank account .. left her with $100.00.
 Quoting: Angelic_Warrior


I would say she is courageous.
s. d. butler

User ID: 974819
United States
11/11/2012 01:54 PM
Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse

 Quoting: gebahie


This girl makes some good points about how things don't add up, but then she loses all credibility by regressing into typical American religious extremist rubbish.

True there will be a collapse, but she seems to think all will be well if we just go back to a 'pure' capitalism without computerised trading etc. Truth is missus that the world has too many people and too many conflicting interests, and too little resources and too much ignorance.

The current system can't work, but neither can hers - nor for that matter anything we have tried before. To be honest I'm resigned to the fact that collapse is not just inevitable but actually needed as part of nature's cycle. We have grown too big - our last chance to sustain the growth and prosperity came and went with our failure to get off this rock and start colonising space during the 60s/70s.
 Quoting: Anonymous Coward 23992770

Do people in the UK have any critical thinking skills at all? Her argument does not depend on her religious beliefs, it stands on its own. She articulates religious ideas only when talking about clergy, and their view on health care. Those arguments are directed at clergy. But the argument is also couched in economic terms.
1. You cannot provide an unlimited amount of an item free of charge to people.
2. The item in question is the labor of other people.
3. Forcing other people to provide their labor in unlimited amounts (at a price set by government) reduces those workers (doctors) to slavery.
4. Comprehensive health insurance prevents the price mechanism from working.

Are you incapable of seeing the economic underpinnings of her argument, UK?

BTW, this is the best refutation of the idea of universal health insurance I have ever seen.
 Quoting: Anonymous Coward 26085824


good clear thinking A/C. Why do people think they have a claim on the labor and lives of others?
TSWB21

User ID: 1267719
United States
11/11/2012 01:57 PM

Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
"Unless huge amounts of Greece debts are fogiven"

And that is exactly what will happen.
 Quoting: Anonymous Coward 27509153


All those investors will be highly pissed , that in itself will cause problems. Its like telling the credit card company. Screw you we aren't paying you. Most debt is owed to individual investors.
davvi

User ID: 3677166
United States
11/11/2012 01:58 PM

Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
Once US bonds are downgraded from AAA to AA it's over.
I'm thinking around late April or early May.
Setting the stage for the shit really hitting the fan in the summer.
Hyperinflation and the whole bit.

It is going to happen sooner or later that much is certain.
Maybe Obama winning was a good thing.
Sooner would be better than later for me.
 Quoting: Just Some Guy


i agree sooner would be better than later. what republicans need to do is just get out of the way and let it go, and don't be seen to obstruct the won no matter what. they do need to do is issue lots of warnings and say they don't agree with certain policies but oblamebush has the will of the people and we can not obstruct their will.

5 years from now the eternally stupid will still blame bush, but a light bulb may just go on in some feeble lefty brain and they will realize that welfare states no matter how big or small never succeed.
 Quoting: davvi


They'll never realize that. When the economy is in ruins,they'll blame everyone and everything but themselves.
 Quoting: s. d. butler


too true, but at least we have the chance to start from scratch.
"What is your 'fair share' of what someone else has worked for?" -- Thomas Sowell

I never give RED karma, only GREEN for great posters. If you give me red or green please leave your name, I like to say thank you...

Leftist Jews create anti-Semitism.
davvi

User ID: 3677166
United States
11/11/2012 02:01 PM

Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse

 Quoting: gebahie


This girl makes some good points about how things don't add up, but then she loses all credibility by regressing into typical American religious extremist rubbish.

True there will be a collapse, but she seems to think all will be well if we just go back to a 'pure' capitalism without computerised trading etc. Truth is missus that the world has too many people and too many conflicting interests, and too little resources and too much ignorance.

The current system can't work, but neither can hers - nor for that matter anything we have tried before. To be honest I'm resigned to the fact that collapse is not just inevitable but actually needed as part of nature's cycle. We have grown too big - our last chance to sustain the growth and prosperity came and went with our failure to get off this rock and start colonising space during the 60s/70s.
 Quoting: Anonymous Coward 23992770

Do people in the UK have any critical thinking skills at all? Her argument does not depend on her religious beliefs, it stands on its own. She articulates religious ideas only when talking about clergy, and their view on health care. Those arguments are directed at clergy. But the argument is also couched in economic terms.
1. You cannot provide an unlimited amount of an item free of charge to people.
2. The item in question is the labor of other people.
3. Forcing other people to provide their labor in unlimited amounts (at a price set by government) reduces those workers (doctors) to slavery.
4. Comprehensive health insurance prevents the price mechanism from working.

Are you incapable of seeing the economic underpinnings of her argument, UK?

BTW, this is the best refutation of the idea of universal health insurance I have ever seen.
 Quoting: Anonymous Coward 26085824


good post. thumbs
"What is your 'fair share' of what someone else has worked for?" -- Thomas Sowell

I never give RED karma, only GREEN for great posters. If you give me red or green please leave your name, I like to say thank you...

Leftist Jews create anti-Semitism.
davvi

User ID: 3677166
United States
11/11/2012 02:02 PM

Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
granny
 Quoting: Anonymous Coward 27529316


your IQ?
"What is your 'fair share' of what someone else has worked for?" -- Thomas Sowell

I never give RED karma, only GREEN for great posters. If you give me red or green please leave your name, I like to say thank you...

Leftist Jews create anti-Semitism.
Anonymous Coward
User ID: 27374514
Canada
11/11/2012 02:03 PM
Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
what a great anti-marxist speaker she is
Anonymous Coward
User ID: 27237676
United States
11/11/2012 02:06 PM
Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
i pray it collapses almost everyday!


please collapse, please


i pray for a better more natural way of life..


a fair society that shares and cares...

yes i am a dreamer, but i'm not the only one..


and you will see more and more people like me as we enter the photon belt/golden age..


ALL religions know of this time:)


hf
Anonymous Coward
User ID: 2267205
United States
11/11/2012 02:06 PM
Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
According to people around me, the USA's economy is doing fine and on an UPswing.

So we're all gonna be just fine folks!
Anonymous Coward
User ID: 27381878
United Kingdom
11/11/2012 02:16 PM
Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
We have grown too big - our last chance to sustain the growth and prosperity came and went with our failure to get off this rock and start colonising space during the 60s/70s.
 Quoting: Anonymous Coward 23992770


Actually we missed the boat when the elite sunk Tesla and his plan for a worldwide internet and wireless power system in one. If we had gotten free energy back then things would have changed quite significantly, and we would have skipped the rampant materialism and destruction of the environment that resulted from the over utilization of Tesla's older AC and motor system, ironically.

Fucking ballbag elite ruined it for everyone.
Anonymous Coward
User ID: 27529842
Malaysia
11/11/2012 02:46 PM
Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
actually economic collapse just a dairy tale and hoax
nothing bad will happen , we will live the same life that we did like 50-100 years ago

money similar to ages , just like number, means nothing
it up to us to let it collapse or maintain it , have faith and it will lead all of us towards this temporary breakdown

just minor effect , stay calm and cool
Anonymous Coward
User ID: 26364613
United States
11/11/2012 02:48 PM
Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
Dang, I bet Ann is crazy in bed :)
Hardwired

User ID: 1837170
United States
11/11/2012 03:25 PM

Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
Expecting it. But the fudgepackers will be caught totally off guard and will lose it when their EBT cards buy very little....
 Quoting: Anonymous Coward 23011194


Won't be long now. Did my weekly grocery shopping yesterday and prices have risen since last week.
 Quoting: Garman906


I do a lot of shopping at Dollar Tree. I've noticed quantity (size) of what I purchase is getting smaller.
gebahie (OP)

User ID: 10118097
United States
11/11/2012 03:37 PM

Report Abusive Post
Report Copyright Violation
Re: The Economic Collapse
Dang, I bet Ann is crazy in bed :)
 Quoting: Anonymous Coward 26364613

dubya

News