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When do you expect the Global Economic Collapse to happen?

 
Mr. Eious
User ID: 3225580
United Kingdom
10/13/2011 02:39 PM
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When do you expect the Global Economic Collapse to happen?
Its funny that whenever you tune into the news, you always hear them saying "we're gonna fix the economy or we must fix the economy now before disaster happens!" Its hilarious to know thats what they have been saying and repeating for the last few months!

But its a no brainer all of the G8 countries (except Russia) are already in a recession - if not a depression since 2008. Oh no, that shit didn't end there.

But We know when the final judgement day for the economy is going to happen, and we are already prepared for it.

Interested to know what the masses think when the "shit is going to hit the fan" for the Global Economy. All you puny mortals seem to have guessed right that a World War 3 is only logical after a Global Economic Collapse. So well done on that part.

ohyeah
Anonymous Coward
User ID: 3037462
United States
10/13/2011 02:40 PM
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Re: When do you expect the Global Economic Collapse to happen?
It wont happen overnight, it will just keep getting worse over a long period of time
Anonymous Coward
User ID: 1473848
United States
10/13/2011 02:41 PM
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Re: When do you expect the Global Economic Collapse to happen?
Started a long time ago.
Mr. Eious (OP)
User ID: 3225580
United Kingdom
10/13/2011 02:43 PM
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Re: When do you expect the Global Economic Collapse to happen?
It wont happen overnight, it will just keep getting worse over a long period of time
 Quoting: Anonymous Coward 3037462


It wont happen overnight, it will just keep getting worse over a long period of time
 Quoting: Anonymous Coward 3037462


Oh no, but it will happen quiet soon. I'll give you a hint - within the next 18 months.
Limpan

User ID: 1474973
Sweden
10/13/2011 02:45 PM

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Re: When do you expect the Global Economic Collapse to happen?
They got us by the balls. I think it never will happen. I lost the faith
Mr. Eious (OP)
User ID: 3225580
United Kingdom
10/13/2011 02:47 PM
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Re: When do you expect the Global Economic Collapse to happen?
Started a long time ago.
 Quoting: Anonymous Coward 1473848


Some people might say it began when the Federal Reserve was created a hundred years ago. But the story really goes back thousands of years ago in history...
Anonymous Coward
User ID: 462014
United States
10/13/2011 02:59 PM
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Re: When do you expect the Global Economic Collapse to happen?
They have been singing that tune for over two years on American TV. My family was believing the economy was getting better because the TV said so. They refused to listen but slowly come around as everyone else will.
Anonymous Coward
User ID: 1315838
United States
10/13/2011 03:15 PM
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Re: When do you expect the Global Economic Collapse to happen?
Understand that the dollar is the defacto “Reserve currency – Petrodollar” that the world uses to transact business. As that dollar becomes more encumbered with "leverage" it's ability to be a store of value has less conviction and faith. The "only" value that a fiat paper currency can retain "is" that conviction and faith.

So, let's look at the reason all faith will be lost in the that currency at some point in the future. Since the creation of the FED in 1913 the currency (Dollar) value has been controlled through inflation/deflation. In 1944 the U.S. Dollar through the Brenton Woods agreement was granted “exclusive reserve currency status”.(that status meant that any country wanting to buy oil, food or commodities would have to buy dollars “first” and then they could go into the world market to make their purchase “on” the world market (with those reserve currency notes) also it meant that "If" any country lost faith or trust (through debasement or any other reason) in that currency they could go to "any" central bank in the world and trade that paper currency for physical Gold of equal value.
(Good as Gold) In 1971 Nixon suspended Brenton Woods and took us off the Gold Standard telling other nations that they could not "now" exchange the dollar for Gold as previously promised.

Here is the key to it's downfall:

The U.S. dollar (debt) from 1971 through around 1995 was able to be removed from a balance sheet with little implication through accounting techniques claiming (debt) as a loss and could be written off and that was the end of it.

Now here (around 1995) comes Blythe Masters from JP morgan and she creates what is called a "Credit Default Swap" This is essentially an insurance policy on a default to pay back a debt or loan. So, lets say for shins and giggles Greece is lent 1 trillion dollars by another country. They promise to pay that money back at a set interest rate over time. The CDO (Credit Default Swap) enables financial institutions to purchase a put (Default insurance or a bet against the underlying asset (loaned debt) never being paid back). This would be OK if only "ONE PUT" was taken out against the chance of that debt not being paid back. The problem "of the whole planet situation right now" is that this debt can be "leveraged" by 100 "PUTS" or in laymens terms (for each dollar that was lent to Greece there are $100 betting against "each" one of the dollars lent, that it will default and not be paid back) So, now you have 100 Trillion Dollars leveraged against the default of a 1 Trillion dollar loan. So, now Greece cannot payback the loan (debt) triggering the CDS and now everyone that bought a "PUT" want's to get paid on their bet. The next problem is that those financial institutions that sold those "PUTS" are only required to have a 6% reserve (Money held in escrow to pay claims) So, in reality those institutions only have .06 cents per dollar to pay those claims and not the “whole” dollar "required or needed" to pay those claims.

This is why all of these bailouts are created so "NO ONE" is allowed to fail) "Triggering" these Credit Default Swaps. The original debt is maintained through interest payments from "newly created" debt (bailouts) because the money to pay them (Claims) does not exist.........Yet.
So, you say why can't they just unwind them.
Answer, is that you can't because everyone that purchased these "PUTS" – “CDO’s” wants’ to get paid because they are classified as an asset on "their" balance sheets.

There are 1.5 Quadrillion of "known" CDS's and CDO's that have been sold. The un-known amount is still a secret. That’s 1 million 500 Thousand Trillion……………damned
Anonymous Coward
User ID: 1315838
United States
10/13/2011 03:16 PM
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Re: When do you expect the Global Economic Collapse to happen?
Understand that the dollar is the defacto “Reserve currency – Petrodollar” that the world uses to transact business. As that dollar becomes more encumbered with "leverage" it's ability to be a store of value has less conviction and faith. The "only" value that a fiat paper currency can retain "is" that conviction and faith.

So, let's look at the reason all faith will be lost in the that currency at some point in the future. Since the creation of the FED in 1913 the currency (Dollar) value has been controlled through inflation/deflation. In 1944 the U.S. Dollar through the Brenton Woods agreement was granted “exclusive reserve currency status”.(that status meant that any country wanting to buy oil, food or commodities would have to buy dollars “first” and then they could go into the world market to make their purchase “on” the world market (with those reserve currency notes) also it meant that "If" any country lost faith or trust (through debasement or any other reason) in that currency they could go to "any" central bank in the world and trade that paper currency for physical Gold of equal value.
(Good as Gold) In 1971 Nixon suspended Brenton Woods and took us off the Gold Standard telling other nations that they could not "now" exchange the dollar for Gold as previously promised.

Here is the key to it's downfall:

The U.S. dollar (debt) from 1971 through around 1995 was able to be removed from a balance sheet with little implication through accounting techniques claiming (debt) as a loss and could be written off and that was the end of it.

Now here (around 1995) comes Blythe Masters from JP morgan and she creates what is called a "Credit Default Swap" This is essentially an insurance policy on a default to pay back a debt or loan. So, lets say for shins and giggles Greece is lent 1 trillion dollars by another country. They promise to pay that money back at a set interest rate over time. The CDO (Credit Default Swap) enables financial institutions to purchase a put (Default insurance or a bet against the underlying asset (loaned debt) never being paid back). This would be OK if only "ONE PUT" was taken out against the chance of that debt not being paid back. The problem "of the whole planet situation right now" is that this debt can be "leveraged" by 100 "PUTS" or in laymens terms (for each dollar that was lent to Greece there are $100 betting against "each" one of the dollars lent, that it will default and not be paid back) So, now you have 100 Trillion Dollars leveraged against the default of a 1 Trillion dollar loan. So, now Greece cannot payback the loan (debt) triggering the CDS and now everyone that bought a "PUT" want's to get paid on their bet. The next problem is that those financial institutions that sold those "PUTS" are only required to have a 6% reserve (Money held in escrow to pay claims) So, in reality those institutions only have .06 cents per dollar to pay those claims and not the “whole” dollar "required or needed" to pay those claims.

This is why all of these bailouts are created so "NO ONE" is allowed to fail) "Triggering" these Credit Default Swaps. The original debt is maintained through interest payments from "newly created" debt (bailouts) because the money to pay them (Claims) does not exist.........Yet.
So, you say why can't they just unwind them.
Answer, is that you can't because everyone that purchased these "PUTS" – “CDO’s” wants’ to get paid because they are classified as an asset on "their" balance sheets.

There are 1.5 Quadrillion of "known" CDS's and CDO's that have been sold. The un-known amount is still a secret. That’s 1 million 500 Thousand Trillion……………damned
 Quoting: Anonymous Coward 1315838


Sorry It's 1500 trillion dollars
Anonymous Coward
User ID: 3201743
Turkey
10/13/2011 03:17 PM
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Re: When do you expect the Global Economic Collapse to happen?
I cannot decide if the false flag nuclear attack will happen after economic collapse or will happen before and lead to a collapse ...





GLP