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OfflineGnosticWarrior
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Registered: 03/11/07
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Loc: Oahu, Hawaii
Last seen: 14 years, 8 months
Maxed Out
    #7870246 - 01/12/08 06:36 PM (16 years, 19 days ago)

Anyone else saw this movie? http://video.google.com/videoplay?docid=-4840432044369494646

This is a movie depicting how modern day slaves are being created in America by preying on their credit addictions. I wonder what happens when a massive default occurs? Knowing how interest grows with time, it has to be coming around the corner.


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Invisiblekoppie
astral projectile
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Registered: 07/23/04
Posts: 2,653
Loc: cloud hidden
Re: Maxed Out [Re: GnosticWarrior]
    #7872377 - 01/13/08 05:09 AM (16 years, 19 days ago)

:whoah:
Wow, the least unsympathetic person in the entire movie was the pawn broker...


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OfflineGnosticWarrior
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Re: Maxed Out [Re: koppie]
    #7873123 - 01/13/08 12:03 PM (16 years, 18 days ago)

I kinda liked the pawn broker. He understood that the pawn business was profiting from these desperate credit addicts who were in a bind for cash. But, it also seemed that he got to know some of his customers on a personal level and would give them a break if the were late with payments, but ultimately it is a business not a charity. He also distinguished that the difference between he and his customers was just their understanding of the financial consequences of their actions.

The most unsympathetic were the debt collectors. No wait, the politicians who passed the legislation that aides credit companies to engage in predatory behavior. I'm all for free markets, but I also care about the community and society I live in. I fail to see how their policies helps society function on a higher level.


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InvisibleMiddlemanM

Registered: 07/11/99
Posts: 8,399
Re: Maxed Out [Re: GnosticWarrior]
    #7881683 - 01/15/08 03:20 AM (16 years, 17 days ago)

Quote:

GnosticWarrior said:

I wonder what happens when a massive default occurs? Knowing how interest grows with time, it has to be coming around the corner.




A crash is indeed coming soon, but like the great depression it will be a tightly controlled chaos.

The "powers that be" leave little to chance and always have an agenda, this time it's all about getting these into circulation:



Here's a revealing article, though the carrier is questionable:

Kurt Nimmo
TruthNews
November 24, 2007

Gerald Celente is not your garden variety doom-and-gloom crackpot. Celente, director of Trends Research Institute, forecasted the subprime mortgage financial crisis and the decline of the dollar a year ago and gold’s current rise in May. He also predicted the 1997 Asian Currency Crisis and the fall of the Soviet Union. “We are going to see economic times the likes of which no living person has seen,” he told United Press International.

Wait a minute. That includes people who lived through the so-called “Great Depression.” Does Celente think the “Panic of 2008″ will be worse than the Depression? It would appear so.

“The Panic of 2008 will lead to a lower U.S. standard of living, he said.”

“I have no crystal ball, nor do I claim to have well-developed psychic powers, but I’d be willing to bet almost anything that next Thanksgiving season will be dramatically different from this one,” writes Carolyn Baker.

We are confronting “dollar plummeting hysteria, monumental levels of debt, foreclosure, bankruptcy, unemployment, energy depletion, skyrocketing gas and food prices, illnesses treated without health insurance coverage—or just not treated, unprecedented levels of homelessness, and by all indications, within a few months into 2008, America will be well on the road to a re-run of 1929-or something inconceivably worse,” Baker frets. “These are the good ole days, my friend, and these are also the dark new days. Happy Thanksgiving; savor every bite.”

“Derivative dealers, hedge funds, buyout firms and other market players will also unravel,” Celente predicts.

Massive corporate losses, such as those recently posted by Citigroup Inc. and General Motors Corp., will also be fairly common “for some time to come,” he said.

He said he would not “be surprised if giants tumble to their deaths…”

Some giants, however, stand to gain, especially when it comes to real estate. “There is going to be a grab on this property by people who have cash, and that’s not going to be the middle class. People will lose their homes if they have large mortgages that they cannot comfortably sustain or pay off,” Jerome Corsi, economic expert and foe to the emerging North American Union told Alex Jones last August. “There’s going to be a grab where the institutions and the people already wealthy will only gain, it’s not going to be an opportunity for the average person to gain.”

Corsi believes the economic crisis now revealing itself is engineered. “It is engineered because again, the move toward globalism, the pumping of this liquidity to stimulate the markets was totally artificial.”

The federal reserve is going to get caught right now in a total dilemma, if it raises rates to protect the dollar, its going to further tank the economy and cause the housing markets to be in even more of a crisis. We have economic stagnation, the loss of real income, the loss of real wealth and inflation at the same time. With the dropping of the dollar the crisis is going to be manipulated to the point where people will take the Amero or any regional solution if it is proposed as the way you get out of your problem.

It’s all about wiping the chessboard clean, or rather turning it over and dumping all the pieces:

“This is the fastest run I’ve seen ever to get to the goal line of creating a Untied States regional economy, a North American Union. The elite are running like they’ll never have this chance again. It is the tenth hour, the eleventh hour where this battle will be fought. They believe that they can win now and they are going for broke to create a North American Union and tank the dollar.”

Steven Watson, summarizes:

The decline of the economy in the US is being caused by the very predatory globalist policies that are still presented to us as the solution for economic turmoil. Globalist vampires such as the IMF and the World bank, but two of the elite central banks and private interests, have drained the third world dry, and are now focusing their attention on enslaving the developed world.

The single currency and a ‘new economic order’ is a major step on the road to global governance. Europe already has its own strong single currency, while the dollar’s days seem to be numbered. When money is being printed and distributed by private corporations is it any surprise to see a push for a merger with other countries’ currencies?

Of course, in order to realize this “new economic order,” a whole lot of people will need suffer—and if we are believe Gerald Celente, worse than their grand and great-grand parents did during the so-called “Great Depression.”

“There’s no doubt now, that Fed chairman Alan Greenspan’s plan to pump zillions of dollars into the system via ‘low interest rates’ has created the biggest monster-bubble of all time and set the stage for a deep economic retrenchment,” writes Mike Whitney. “Greenspan’s inflationary policies were designed to expand the ‘wealth gap’ and create greater economic polarization between the classes. By the time the housing bubble deflates, millions of working class Americans will be left to pay off loans that are considerably higher than the current value of their home. This will inevitably create deeper societal divisions and, very likely, a permanent underclass of mortgage-slaves.”

Greenspan has successfully piloted the nation into virtual insolvency. In fact, the parallels between our present situation and the period preceding the Great Depression are striking. Just as massive debt was accumulating in the market from the purchase of stocks “on margin”, so too, mortgage debt between 2000 and 2006 soared from $4.8 trillion to $9.5 trillion. In both cases the “wealth effect” spawned a spending spree which looked like growth but was really the steady, insidious expansion of debt which generated economic activity. In both periods wages were either flat or declining and the gap between rich and working class was growing more extreme by the year.

Call it the “New Feudalism.”


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OfflineGnosticWarrior
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Re: Maxed Out [Re: Middleman]
    #7883173 - 01/15/08 12:20 PM (16 years, 16 days ago)

Which "powers that be" and what agenda? No govt. or agency can buck market forces in the long run. While there are more Americans in debt, I do believe that if you factor America as a whole, the net wealth has been increasing. The world is used to having commodities and what not priced in USD and converting to the AMERO would be confusing.

The EURO while very strong against the USD, from what I read, is just a matter of time before a crisis happens. Too many of the member countires are a cooking the books. Looking at that example, I don't think the rich and powerful in the U.S. would want an AMERO. It already supports a globalized economy. It allows foreigners to buy real estate, stocks, and bonds and respects their ownership under the eyes of the law.


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