|
 eatyualive
ExoCanibalist
Registered: 08/17/01
Posts: 1,522
Loc: In Your Head
|
 Re: Economic crisis explained in simple language  [Re: Yrat]
#9304312 - 11/24/08 03:56 PM (4 years, 6 months ago) |
|
|
Quote:
Yrat said:
Quote:
zorbman said:
It does sound like a scam.
it is the oldest and most successful pyramid scheme ever conceived.
yes it is. its evil.
but if your on the receiving end of the power and money,one might say your a genius or the fed is a genius.
they alone, have found a way to control the masses and actually have the masses give away all of their sovereign rights willingly. and no one even stands up to them.
and no conspiracy here. these things can be found in daily news articles across the globe. you just have to be willing to dig for the truth. to me its plain as day as i have no bias for political lies nor conformity to societies lies.
Quote:
zorbman said:
Quote:
If we are going to see the whole thing slowly vanish, how much longer do we have (do you think?) of normalcy?
The answer to that is above my pay grade. 
If I could answer to that level of specificity I'd be a millionaire right now. The truth is I don't know exactly when it will play out but I can tell you this: There will be certain signposts along the way. Markers which when reached will trigger a further level of collapse.
There will almost certainly be another slippage when the Christmas holiday retail sales figures come in. I feel those are going to be very, very disappointing.
All I can say as far as timing is at some point relatively soon all that money that has been created and temporarily soaked up overseas is going to start flooding back home while the products and titles to real wealth flow out of America in a gigantic vortex.
It will be the largest single transfer of wealth in history from those who hold paper to those who hold things of real value.
The day you see that the trade deficit really starts reversing itself (the average person will think is a good thing) - that will be the real tip-off the game is over. Trillions returning to the U.S. will skyrocket interest rates and inflation. The dollar will go into freefall and the days of the global monetary system will be numbered.
I am really sorry to have to say that but you asked and that is what I am seeing.
So these are some of the signposts to watch for but it would be incredibly foolish to wait until the crowd begins stampeding for the exits for you to try to get out that door. Everyone who is able should use the recent pullbacks in gold and silver as an opportunity to prepare for That Hour.
exactly hyperinflation due to everyone buying shit back with usd bc they have no confidence in it. rightly said!
as it is, europe and asian nations are wary of the usd. talking of changing currency. chinas talking of buying gm, ford. all we need is for china(i think they hold the highest amount of usd out there) to start buying everything from us with our own us dollars and boom. final nail in the coffin.
--------------------
Every piece of information or picture posted has nothing to do with reality.
Click 4 Eat's Reference Guide
Edited by eatyualive (11/24/08 04:32 PM)
|
 dirtydirt
Strangerest
Registered: 06/05/08
Posts: 133
Last seen: 1 year, 10 months
|
Re: Economic crisis explained in simple language *DELETED* [Re: eatyualive]
#9305155 - 11/24/08 06:24 PM (4 years, 6 months ago) |
|
|
Post deleted by dirtydirtReason for deletion: rararararar
--------------------
|
LayYouIn
Taurus
Registered: 09/28/06
Posts: 4,402
Loc: Organ
|
Re: Economic crisis explained in simple language [Re: dirtydirt]
#9307300 - 11/24/08 11:15 PM (4 years, 6 months ago) |
|
|
cool NEW video.
|
dirtydirt
Strangerest
Registered: 06/05/08
Posts: 133
Last seen: 1 year, 10 months
|
Re: Economic crisis explained in simple language [Re: LayYouIn]
#9328863 - 11/28/08 09:26 PM (4 years, 6 months ago) |
|
|
its like the casinos do for paper money what the banks do for credit
Edited by dirtydirt (12/07/08 03:55 PM)
|
LayYouIn
Taurus
Registered: 09/28/06
Posts: 4,402
Loc: Organ
|
Re: Economic crisis explained in simple language [Re: LayYouIn]
#9793762 - 02/14/09 04:17 AM (4 years, 4 months ago) |
|
|
Quote:
LayYouIn said:
how significant was it for the DOW to do this...
right now the DIJA is at 7,850.41...looking at a chart, that's where it was in 1997 and then in 1998 it was in the 8,000 area. that's a decade ago.
what does that mean?
|
meams
Blessed
Registered: 01/11/05
Posts: 17,788
Loc: In a Tree
|
Re: Economic crisis explained in simple language [Re: LayYouIn]
#9794582 - 02/14/09 10:39 AM (4 years, 4 months ago) |
|
|
it means i need to get a fucking job so i can get in at the bottom and ride the wave of economic recovery back to the top
|
LunarEclipse
Mr. Dogma Free
Registered: 10/31/04
Posts: 11,026
Loc: The Hand
|
Re: Economic crisis explained in simple language [Re: meams]
#9794779 - 02/14/09 11:43 AM (4 years, 4 months ago) |
|
|
Quote:
meams said:
i need to get a fucking job so i can get in at the bottom and ride
keep plugging away
--------------------
Don't submit to dogma.
|
Silversoul
Rhizome
Registered: 01/01/05
Posts: 22,569
Loc: The Barricades
|
Re: Economic crisis explained in simple language [Re: meams]
#9803501 - 02/15/09 07:01 PM (4 years, 4 months ago) |
|
|
Quote:
meams said:
I keep reading about how bad the fed is, how bad our current monetary system is, etc. etc. But i never hear proposed alternatives. Naturally our current system is by no means perfect, but until someone comes up with an alternative arrangement that can be instituted without total financial collapse then we'll be stuck with what we have.
Well, I'm less hard on the Fed than many people, but I personally think it was a mistake to make it independent of the government. Those worrying about the debt that all this borrowing is incurring tend to exaggerate the problem, but they are right that it is a problem. But it's a problem we don't need to have. There's no reason why the government should have to borrow its own money at interest. Therefore, in agreement with the American Monetary Institute, I propose the following:- Nationalize the Federal Reserve and put it under the control of the Treasury Department.
- End fractional reserve banking softly by printing money and putting it into banks until they have full reserves.
- Spend money into existence via infrastructure rather than borrowing it at interest.
Some will cry "inflation," but it would actually maintain price stability much more easily because as money is spent into existence, real wealth will be created in the process. The government could then spend all the money necessary for the economy without generating debt or inflation.
--------------------
|
|
Images only 
Threaded
Previous
Index
Next
Edit 
Reply 
