The Economic Collapse | |
Psych User ID: 903456 Netherlands 11/11/2012 12:36 PM Report Abusive Post Report Copyright Violation | 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 | 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 | |
Anonymous Coward User ID: 70872 United States 11/11/2012 12:48 PM Report Abusive Post Report Copyright Violation | "Unless huge amounts of Greece debts are fogiven" Quoting: Anonymous Coward 27509153 And that is exactly what will happen. 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... From what I've been reading we're in a lot worse shape here.UGHHHHH..... |
Angelic_Warrior User ID: 23290196 United States 11/11/2012 12:55 PM Report Abusive Post Report Copyright Violation | Gotta love Ann Barnhardt and she's right on the money.... Quoting: Anonymous Coward 23011194 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.... 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 | 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 even the vast, vast majority of those NOT on ebt will be caught off guard your right about that. very few are ready for what is coming down the pike. 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 | 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 | They are very good at kicking the can down the road though. Quoting: Psych 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. 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 | "Unless huge amounts of Greece debts are fogiven" Quoting: Anonymous Coward 27509153 And that is exactly what will happen. 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 | 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 | |
davvi User ID: 3677166 United States 11/11/2012 01:44 PM Report Abusive Post Report Copyright Violation | Once US bonds are downgraded from AAA to AA it's over. Quoting: Just Some Guy 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. 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. |
Anonymous Coward User ID: 2134890 Sweden 11/11/2012 01:46 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 27529316 United Kingdom 11/11/2012 01:49 PM Report Abusive Post Report Copyright Violation | |
s. d. butler User ID: 974819 United States 11/11/2012 01:50 PM Report Abusive Post Report Copyright Violation | Once US bonds are downgraded from AAA to AA it's over. Quoting: Just Some Guy 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. 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. 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 | 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. 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 | Gotta love Ann Barnhardt and she's right on the money.... Quoting: Anonymous Coward 23011194 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.... 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. 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 | 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. 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. 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 | "Unless huge amounts of Greece debts are fogiven" Quoting: Anonymous Coward 27509153 And that is exactly what will happen. 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 | Once US bonds are downgraded from AAA to AA it's over. Quoting: Just Some Guy 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. 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. They'll never realize that. When the economy is in ruins,they'll blame everyone and everything but themselves. too true, but at least we have the chance to start from scratch. |
davvi User ID: 3677166 United States 11/11/2012 02:01 PM Report Abusive Post Report Copyright Violation | 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. 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. good post. |
davvi User ID: 3677166 United States 11/11/2012 02:02 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 27374514 Canada 11/11/2012 02:03 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 27237676 United States 11/11/2012 02:06 PM Report Abusive Post Report Copyright Violation | 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:) |
Anonymous Coward User ID: 2267205 United States 11/11/2012 02:06 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 27381878 United Kingdom 11/11/2012 02:16 PM Report Abusive Post Report Copyright Violation | 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 | 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 | |
Hardwired User ID: 1837170 United States 11/11/2012 03:25 PM Report Abusive Post Report Copyright Violation | 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. 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 | |