2013 - the year when SHTF - economic meltdown inevitable this year.

The simple fact that you are the only one (until now anyway) that is against my theory (calling me an idiot does that) doesn't tell you something?

My net advantage over MOST economists is that I had the luck (if you call it that way) to learn economics under commies AND under capitalists.
Not to mention that the fact that I am here, on GLP, is still above most economists, and I am ssomehow here not because I WANT the truth, but becasue I KNOW the turth.

My nature is to doubt everything the gov. say, it is because I lived under commies.As an economist, I managed to UNDERSTAND many things that most people cannot grasp.

Pls don't make me to prove to you.I don't have the will, the time and surely nobody here want that.


Stick to the thread and quit the attacks against a person you don't know.

Last Edited by Recollector on 02/08/2013 08:22 AM

This should have blown in 2008 already, is about time.

I didn't say that I didn't disagree with your theory, either.

Perhaps you might want to take some time out from economics and learn how to read properly instead?

Oh dear someone's buttplug wasn't lubed this morning was it?

Read again.

Yes, you DID NOT said that, but you called me an idiot.

Calling me an idiot simply negates w/e I say.


PLS, stay to damn topic, and don't shame yourselve.

Need to start frantically building Guillotines.

Surgical Steel Blades = Swiss or German

Wood for Frame = Russia - Siberia

Wood for Chopping Block = American Hickory

Rope for Lifting = Mexican Hemp

Basket for Catching Heads = Indonesia

And so forth...

This could truly be an "International Effort" to Whack the New World Order Malignant Psychopaths?

Why should it be different with our civilization. Many "great civilizations" have come and gone, ours has peaked some time ago, it's all down hill though the clever bastards are good with their "smoke and mirrors"

AC, please enlighten us--- what precisely do you feel is not valid in OP's analysis of the economic situation?

It is easy to bash someone with name calling etc but some specific credible arguments would be much more edifying for those who are truly concerned about this.

love this all very great info good stuff Romania

can't wait to watch it crash & burn

So is there any place in the world that will be less affected? If we have the ability to move within the next 60 days. Any suggestions? Just get out of the cities/suburbs into a more rural area? How badly will South and Central America be affected?

Actually, there is no cause and effect relationship in his writing. Saying that the world is going to collapse because of population increases and workers moving from country to country is meaningless.

Consider that the United States has a Service Sector driven economy. It is growing millions of jobs under Obama. The US is still the leading manufacturing country in the world, but the majority of people are working in services, not manufacturing. Those services need to be done, so there is a guarantee of future employment.

Actually, the Japanese make the finest blades in the world now. I just purchased an entire set of SHUN blades for my kitchen...incredible.

Interesting fable. Some of it even resembles reality. Not much though. Most of it resembles the sort of post-Soviet socialist propaganda one would expect to substitute for "education" in Romania.

There is no cause and effect relationship in his writing. It is just rambling with no logical conclusions. Remember this is not a manufacturing dominant economy and he does not explain how the jobs are all of a sudden going to disappear.

I do not think that is going to happen

My thoughts exactly.

Just so much gibberish with no sound logic behind supposition.

Until it's postponed until 2014, then 2015, and so on, and so on. . . .

"We can't depend on it. The bank – the monster – has to have profits all the time. It can't wait. It'll die. No, taxes go on. When the monster stops growing, it dies. It can't stay one size." The Grapes of Wrath. 1939. John Steinbeck

Nothing but lies about the United States. The American Currency,commonly called the Dollar, has steadily increased in value opposite the world currencies. China has consistently tied the Yuan to the Dollar to provide a steady base price for exports. By so doing, China has made the American Dollar the dominant world currency.

Since there is not enough gold in the world to back the Chinese Yuan, much less any other country, the Chinese have done the next best thing and that is to tie the Yuan to the Dollar.

It's worse than that, it's illogical. "Mass immigration drove down wages, so industries left the country looking for lower-paid workers. Those companies made enough money to offset the millions of laid off workers they left behind, so those people could afford to live off the government."

Bullshit. Companies left because unions drove wages UP. The people left behind were retrained and most earned more than they ever did. Hence the economic boom from Reagan through Bush 43, driven by high tech companies and silicon valley.

However, Democrats, ever seeking new voters, threw open the immigration floodgates and inundated the US with indigent immigrants who overwhelmed the social safety net, forcing the government to borrow money to finance it.

At the same time, those same Democrats were forcing the banks to make loans to those same indigent and unqualified borrowers, and when the housing bubble burst the credit markets froze, because nobody knew exactly how many bad loans were out there, and which debt obligation tranches contained them.

The end might be nigh, but it isn't because the US was too capitalist, as suggested in the OP. It's because of the usual combination of left-wing diseases that are killing all industrialized economies: Labor unions and special interests driving the cost of doing business into the stratosphere until companies are forced to flee, while those same leftists demand that the few remaining companies and successful individuals pay the tab for the failed policies of the left via increased taxes to support handouts to the displaced workers.

The US, the UK, Europe. All of them, exact same set of events, exact same result.

However, it's quite understandable that "the world is collapsing because socialism has failed throughout the industrialized world" wouldn't be taught in Romania.

An apt description of leftist-controlled education, now coming to a public school near you.

On this one point alone, it shows the reader how totally lacking his position is. Consider, moving jobs to Asia resulted in 7 million fewer jobs in America. That did not boost the American Economy. What actually kept the American Economy roaring until the Housing Boom collapse WAS THE HOUSING BOOM AND FREE SPENDING THAT RESULTED IN MANY EXCESS SERVICE SECTOR JOBS. VEry simple fact, if you add money into the economy, that excess money creates service sector jobs because people are spending and spending and spending and spending.

THIS WAS ALL CONTRIVED BY PRESIDENT BUSH AND HIS CORRUPT GANG IN WASHINGTON. THE 30 TRILLION DOLLARS OF FRAUD IN THE MORTGAGE LOAN INDUSTRY GAVE A TREMENDOUS ARTIFICIAL BOOST TO THE ECONOMY UNTIL THE PEOPLE CAME TO THEIR SENSES.

Houses were selling for four times what it would cost to build them new. People just stopped buying and the whole bubble burst. Bush had counted on the bubble continuing to run through the end of his presidency. If a democrat was elected in 2008, then the Republicans would have ammo to keep a republican in the presidency for the next half century because they would claim that Democratic policies caused the economic crash.

There is also another layer of thing.

Since 2001 investments are nor correlated to job growth due to highly advanced automation. Jobs are destroyed much faster and efficiently than humans can possibly adopt.

Even Chinese pay-checks are worth saving by investing into robots.

Obviously there will be niche industries that will prosper for a while but jobs for general population are not coming back.
Technologies such as autonomous cars and 3d concrete printing are goona crash labour market even more pushing unemployment higher.

Labour treated as another commodity market doesn't stand a chance against technology that costs ever going down and efficiency and capabilities ever going up.

'Xactly!

DOOM off, whatever economic reasons. The system will fail when TPTB deem it timely and appropriate, and only then.

The system has already been on life-support for years, nay centuries. Todays bot-trading stock market is just another mechanical enhancement to keep the machine alive - patch V 9.11 in a row of many.

As long as there is political and financial will to keep going, the monetary monster will keep finding new markets to exploit. Next up fresh air and real freedom.

Turn on, tune in, drop out.

GLP prediction success rate 0.01% - lower than coincidence, but fun.

Yeah, we haven't heard that all decade. lol

Actually, that is wrong, too.

Illegal immigration to the US, especially through the southern border has always been going on. It was happening when Eisenhower was president and has continued with minor increases and increases over the years. When the American economy is good, Mexican and Central Americans came up north looking for any work, because there was little work down in Mexico and further south. A Mexican could make more money mowing people's lawns or digging their gardens in a couple of hours in the US than they could make in a week down in Mexico. To support their wives and three or four children down there, they did any work they could find and used money transfers to pay for their families back in Mexico. During the Great Boom caused by the Mortgage Scam run by the Bush administration, the greatest increase occurred in illegal immigration. When that boom collapsed, the immigration actually swung to almost Zero in 2009-2010. With the creation of several million jobs in the Service Sector in the past four years, the Mexicans have started coming back again. It is not Democrats or Republicans who draw them here. The only lure is job availability. They simply would not come up here if they could not find jobs.

And the biggest indicator of collapse? Gun confiscation/restrictions.

I assume that you are speaking for Poland. In the United States we have created as many service sector jobs as there were manufacturing jobs that moved out of the country to Asia. Even though I did not vote for Obama, he has actually worked a miracle in job creation in the past three years.

For hundreds of millions - maybe billions - all over the world it already has blown, and I'd agree the year was 2008 for most.

People who think the shit hasn't hit the fan yet are just a small group of those the ravenous machine hasn't gotten to yet, their delusions supported by media manipulations.