8:05 now thats one dumb ass hillbilly statement. Yes the debt of 100 + trillion has been paid off, the dollar is going up now and GOLD has gone way down, unemployment has decreased drastically, there are less people than ever on food stamps, all the countries in the world have now embraced the US dollar and are scooping it up like never before, retail sales have skyrocketed with NO new stores closing, they are opening like hotcakes, all US states have now declared that they have enough money to cover ALL its debts, rejoice, because I'm the dumbest American in the country that believes your grade 2 remarks!
sorry to interrupt the fight but the facts are: 1)mainstream media are always right(or just about or at least for people living in the real worl which is a majority) 2)Economists understand the economy much better than anyone on this blog and they are saying the economy is recovering 3)I have been following this blog since the start and loads of predictions were made such as collapse imminent,depression imminent, martial law imminent etc etc etc. did anything happen? 4)sorry to be rude but unemployment will reach 10% but that also mean the 90% of people will still be employed (since when do we worry about minorities)
botton line is turn off your computer go outside breath some fresh air and live your life instead of hoping everything is going to crash
Manufacturing creates wealth. Capital and manufacturing creates jobs.
No manufacturing = no recovery.
All the debt we've taken on would have worked itself out in 1955 when America was growing. We're now contracting, and therefore have no realistic hope of repaying these debts, any more than an unemployed person can pay off substantial credit card debt.
To the first post. You need to review history. Leading economists also said the country was recovering right before the Great Depression hit. You are welcome to be one of the sheeple and not be prepared, but please do not come knocking on my door for food when it all goes bad.
the US is suffering from an unprecedented expansion of debt that has hit the wall. The government has tried to reflate the debt bubble by creating a bigger debt bubble. When this debt bubble breaks,and it will break, we will have a social calamity beyond imagination. The systemic problems that face the US are a perfect storm that will not be resolved in a matter of months or even 5 years. This is a fundamental geopolitical shift in economic power that will tilt the globe in a new direction. The US entered the Great Depression as an ascending Nation. It is entering this Greater Depression as a declining Nation. The huge boat load of liquidity that the governments are spilling out are what is driving the stock market and creating go nowhere jobs. If printing money could increase wealth, then everyone could print their own money and be wealthy. We are in the eye of the storm, don't be fooled.
It History is right, The US of A survived the Great Depression and we will survive this one as well. As far as debt is concerned, during the great depression it was more than 100% of GDP and we paid it, so why worry about the level of debt? Pessimists will always be the losers.....keep on pilling your food supplies and weapons and burry yourself in a bunker somewhere waiting for the collapse and you will keep waiting till you are 80 or 90 yr old while other poeple live their lives and you may think you will take your savings and stockpile with you when you die.
The choice is simple live your life or keep waiting for a collapse like all the pessimist here.
The Great Depression cannot be compared to today. It is 100x worse for us now.
7:30 - I wish you well in your journey but you WILL be begging a 'pessimist' for food and help. Make sure you remember the naive things you felt you needed to say here.
It is insanity _not_ to stockpile some food savings in times of plenty. For the cost of several hundred dollars, western supermarkets can provide such an abundance that it's crazy not to put some aside.
History until very recently has been all about entire seasons of starvation. Medieval families jumped off cliffs together, hand in hand, to end their hunger. As recently as the 1800s the lower class lived in a state of starvation. Much of the world _now_ starves.
The world has been consuming more than it produces for the last 10 years, and is only two months of warehoused food away from chaos. Taking your food for granted , hoping that "just in time" provision will last your whole life, is a gamble at best, and is an artifact of a complacent culture that may be rudely awakened with no notice.
But go ahead and ridicule, 7:30. The US govt is quietly legislating against hoarding, so maybe they know something you don't.
100000x the resources today. What are you smoking crack???
Have you looked at the size of the population and the amount of resources we have been consuming up to this point?
Some will be lucky if they are living off crackers in a few years. Oh wait, some people ARE barely living off of crackers today. 1.3 Billion people live off of a dollar or less a day, while the world's 358 billionaires have assets exceeding the combined annual incomes of countries with 45 percent of the world's people.
All you claiming that it's the elite creating this entire mess while sitting in the comfort of your nice suburban home with LCD TV and multiple SUV in the driveway take note: this life of luxury is not a guaranteed right of any kind. We are living off of the backs of the poor. Don't expect it to last forever and don't go crying when it is "taken" away.
lol at the flouride heads that believe CNN telling them the recession is over. I guess they believed George Bush too when he declared Mission Accomplished.
Pending Nightmare.....what a load of BS.
ReplyDeleteTime to close this blog for another 40 years.
Leading economist are ready to declare that this crisis is behind us as Sectors of the Economy starts to Grow again..
I am not wasting my time here anymore.
8:05 now thats one dumb ass hillbilly statement. Yes the debt of 100 + trillion has been paid off, the dollar is going up now and GOLD has gone way down, unemployment has decreased drastically, there are less people than ever on food stamps, all the countries in the world have now embraced the US dollar and are scooping it up like never before, retail sales have skyrocketed with NO new stores closing, they are opening like hotcakes, all US states have now declared that they have enough money to cover ALL its debts, rejoice, because I'm the dumbest American in the country that believes your grade 2 remarks!
ReplyDeleteAgree 100% with first Post.
ReplyDeleteAs for the second post,I think you have been spending too much time on this blog.
sorry to interrupt the fight but the facts are:
ReplyDelete1)mainstream media are always right(or just about or at least for people living in the real worl which is a majority)
2)Economists understand the economy much better than anyone on this blog and they are saying the economy is recovering
3)I have been following this blog since the start and loads of predictions were made such as collapse imminent,depression imminent, martial law imminent etc etc etc. did anything happen?
4)sorry to be rude but unemployment will reach 10% but that also mean the 90% of people will still be employed (since when do we worry about minorities)
botton line is turn off your computer go outside breath some fresh air and live your life instead of hoping everything is going to crash
LOL at your first two points 12:17.
ReplyDeleteEither you guys are very naive, or actively pushing propaganda.
Manufacturing creates wealth.
ReplyDeleteCapital and manufacturing creates jobs.
No manufacturing = no recovery.
All the debt we've taken on would have worked itself out in 1955 when America was growing. We're now contracting, and therefore have no realistic hope of repaying these debts, any more than an unemployed person can pay off substantial credit card debt.
Econ 101.
To the first post. You need to review history. Leading economists also said the country was recovering right before the Great Depression hit. You are welcome to be one of the sheeple and not be prepared, but please do not come knocking on my door for food when it all goes bad.
ReplyDeletethe US is suffering from an unprecedented expansion of debt that has hit the wall. The government has tried to reflate the debt bubble by creating a bigger debt bubble. When this debt bubble breaks,and it will break, we will have a social calamity beyond imagination. The systemic problems that face the US are a perfect storm that will not be resolved in a matter of months or even 5 years. This is a fundamental geopolitical shift in economic power that will tilt the globe in a new direction. The US entered the Great Depression as an ascending Nation. It is entering this Greater Depression as a declining Nation. The huge boat load of liquidity that the governments are spilling out are what is driving the stock market and creating go nowhere jobs. If printing money could increase wealth, then everyone could print their own money and be wealthy. We are in the eye of the storm, don't be fooled.
ReplyDeleteIt History is right, The US of A survived the Great Depression and we will survive this one as well. As far as debt is concerned, during the great depression it was more than 100% of GDP and we paid it, so why worry about the level of debt? Pessimists will always be the losers.....keep on pilling your food supplies and weapons and burry yourself in a bunker somewhere waiting for the collapse and you will keep waiting till you are 80 or 90 yr old while other poeple live their lives and you may think you will take your savings and stockpile with you when you die.
ReplyDeleteThe choice is simple live your life or keep waiting for a collapse like all the pessimist here.
The Great Depression cannot be compared to today. It is 100x worse for us now.
ReplyDelete7:30 - I wish you well in your journey but you WILL be begging a 'pessimist' for food and help. Make sure you remember the naive things you felt you needed to say here.
If it is 100X worse for us now we have 100000x the resources to remedy the situation. Please learn to live with your time, this is not 1930.
ReplyDeleteIt is insanity _not_ to stockpile some food savings in times of plenty. For the cost of several hundred dollars, western supermarkets can provide such an abundance that it's crazy not to put some aside.
ReplyDeleteHistory until very recently has been all about entire seasons of starvation. Medieval families jumped off cliffs together, hand in hand, to end their hunger. As recently as the 1800s the lower class lived in a state of starvation. Much of the world _now_ starves.
The world has been consuming more than it produces for the last 10 years, and is only two months of warehoused food away from chaos. Taking your food for granted , hoping that "just in time" provision will last your whole life, is a gamble at best, and is an artifact of a complacent culture that may be rudely awakened with no notice.
But go ahead and ridicule, 7:30. The US govt is quietly legislating against hoarding, so maybe they know something you don't.
100000x the resources today. What are you smoking crack???
ReplyDeleteHave you looked at the size of the population and the amount of resources we have been consuming up to this point?
Some will be lucky if they are living off crackers in a few years. Oh wait, some people ARE barely living off of crackers today. 1.3 Billion people live off of a dollar or less a day, while the world's 358 billionaires have assets exceeding the combined annual incomes of countries with 45 percent of the world's people.
All you claiming that it's the elite creating this entire mess while sitting in the comfort of your nice suburban home with LCD TV and multiple SUV in the driveway take note: this life of luxury is not a guaranteed right of any kind. We are living off of the backs of the poor. Don't expect it to last forever and don't go crying when it is "taken" away.
Ignore the trolls (-:
ReplyDeletelol at the flouride heads that believe CNN telling them the recession is over. I guess they believed George Bush too when he declared Mission Accomplished.
ReplyDelete