I do not share your view, I think the shit has been launched, is flying through the air, and will soon hit the fan.
I agree. Comparison to the 90s, the 30s, or whatever time in the past you care to mention, is just that, a comparison. There are very specific differences between now and then. Specifically credit. The economy is built on a system of credit growth. Credit (debt) has to be grown anually in order to artificially inflate the economy. And, as an analyst said, I forget who exactly, once it enters recession, there is a long fall before it hits the ground, and essentially it will cascade on it's self.Lotta_Drool wrote:
I do not share your view, I think the shit has been launched, is flying through the air, and will soon hit the fan.
This however is where analysts (atleast the ones who base there opinions on the actual facts, rather than what the govt says) part ways on what will happen. There all merely guesses, and, you have to consider ''everything is gonna be alright'' atleast as a courtesy. But, personally I dont. As Lotta said in his OP title, about being a scary conspiracy theorist. If you are of the alex jones persuasion, this collapse, will be used to fuck you all up, and then a new currency (amero) will be put up for our saviour, and the people will jump on the chance because what good is a million dollars if it will only buy you a fucking happy meal?
The European union was brought in for trade (economic) purposes originally, and, with the all the treaty crap back in june, it's trying to grow into a centralised government. One could make the argument that following the economic collapse, north america will push for a similar plan, perhaps becoming this supposed North American union.
Wasnt it jefferson who said nutters incharge of the banks is more of a threat than any army? :\
Martyn
^ what he saidBell wrote:
I agree. Comparison to the 90s, the 30s, or whatever time in the past you care to mention, is just that, a comparison. There are very specific differences between now and then. Specifically credit. The economy is built on a system of credit growth. Credit (debt) has to be grown anually in order to artificially inflate the economy. And, as an analyst said, I forget who exactly, once it enters recession, there is a long fall before it hits the ground, and essentially it will cascade on it's self.Lotta_Drool wrote:
I do not share your view, I think the shit has been launched, is flying through the air, and will soon hit the fan.
This however is where analysts (atleast the ones who base there opinions on the actual facts, rather than what the govt says) part ways on what will happen. There all merely guesses, and, you have to consider ''everything is gonna be alright'' atleast as a courtesy. But, personally I dont. As Lotta said in his OP title, about being a scary conspiracy theorist. If you are of the alex jones persuasion, this collapse, will be used to fuck you all up, and then a new currency (amero) will be put up for our saviour, and the people will jump on the chance because what good is a million dollars if it will only buy you a fucking happy meal?
The European union was brought in for trade (economic) purposes originally, and, with the all the treaty crap back in june, it's trying to grow into a centralised government. One could make the argument that following the economic collapse, north america will push for a similar plan, perhaps becoming this supposed North American union.
Wasnt it jefferson who said nutters incharge of the banks is more of a threat than any army? :\
Martyn
No drool you have not lost it. It is good that you can live off the fat of your land (or at least help supplement you a great deal), are debt free, and hopefully liquid. Even if the doom and gloom proves to be a sham, it is better to be prepared for it if it doesn't happen, than not if it does.
I agree that we are moving towards globalization like we have never seen. Currently, the US would not ditch the dollar because 1) it is the world's reserve currency which allows us to print and print and still be accepted world wide 2) it is still a "strong" currency in the world market, despite losing a significant amount of value from its high on the USD index. When the world dumps the dollar, it will consequentially be rejected as the world reserve currency and become either very weak, or completely worthless.
But not only do I see the US adopting a new currency like the supposed amero, but I see a lot of the world doing the same, as I believe that there will be a worldwide currency crisis the way things are headed. The only end to the world wide hyperinflation would be to accept a new global currency, and that will link us together for a new world government. But who knows if it will get that bad. All I know is we will suffer a depression from all the excesses, and that it will be hyper inflationary in nature as a result of the Fed trying to save us.
In my book, you would be more of a fool to buy into the everything is ok, forever bull market bs than believing we will head into a depression of some sort, with how terribly wrong the cheerleaders on wall street have been.
I agree that we are moving towards globalization like we have never seen. Currently, the US would not ditch the dollar because 1) it is the world's reserve currency which allows us to print and print and still be accepted world wide 2) it is still a "strong" currency in the world market, despite losing a significant amount of value from its high on the USD index. When the world dumps the dollar, it will consequentially be rejected as the world reserve currency and become either very weak, or completely worthless.
But not only do I see the US adopting a new currency like the supposed amero, but I see a lot of the world doing the same, as I believe that there will be a worldwide currency crisis the way things are headed. The only end to the world wide hyperinflation would be to accept a new global currency, and that will link us together for a new world government. But who knows if it will get that bad. All I know is we will suffer a depression from all the excesses, and that it will be hyper inflationary in nature as a result of the Fed trying to save us.
In my book, you would be more of a fool to buy into the everything is ok, forever bull market bs than believing we will head into a depression of some sort, with how terribly wrong the cheerleaders on wall street have been.
Last edited by Phrozenbot (2008-08-10 20:56:44)
"Steal chocolate from the pessimistic, cause they don't expect to get it back."
Try to have a less pessimistic approach to what's happening. Economies always bounce back. The stock market is only ever run on two basic principals, fear and greed.
At the moment there's just more fear.
Try to have a less pessimistic approach to what's happening. Economies always bounce back. The stock market is only ever run on two basic principals, fear and greed.
At the moment there's just more fear.
And like the optimism on wall street hasn't been irrational at all? I like how one sided it is with people. Wake the fuck up.TheAussieReaper wrote:
"Steal chocolate from the pessimistic, cause they don't expect to get it back."
Try to have a less pessimistic approach to what's happening. Economies always bounce back. The stock market is only ever run on two basic principals, fear and greed.
At the moment there's just more fear.
The sky is always falling
Last edited by God Save the Queen (2008-08-10 21:33:56)
If you're a pessimist you're never disappointed.TheAussieReaper wrote:
"Steal chocolate from the pessimistic, cause they don't expect to get it back."
Try to have a less pessimistic approach to what's happening. Economies always bounce back. The stock market is only ever run on two basic principals, fear and greed.
At the moment there's just more fear.
