Posted: 10/19/2011 6:03:32 AM EDT
|
This is not a call-out, but an honest question...
Sherrick, With all the downgrades for Euro-zone countries, the Greek issue, the IMF changing their tune to "Spend Spend Spend", the world-wide "Occupy" (read marxist revolutionaries) movement, direct agreement with the OWS by the administration, etc... Are you more or less inclined to believe that the world is going to deteriorate into a period of conflict, mostly internal to each country? I personally see the Marxists seizing this moment as their opportunity to make their play for complete control to "save the world"...and if anyone gets in their way, their useful idiot minions in the streets will be called upon to riot and destabilize nations. |
| Honestly I don't think it will get burning cars in the streets bad. Sucky investment environment, high unemployment, terrorist activity, and a proxy war or two maybe. The only benefit of multiculturalism is that it very well may prevent the nationalism in Europe that ends in global war historically. |
|
Isn't one of the issues the 99% is complaining about, is the massive federal bailouts?
Aren't people like the Tea Party, and Republican Conservatives, also complaining about the massive federal bailouts? If people from both the left and right are complaining about those federal programs, where is the federal government headed? |
|
Quoted: Isn't one of the issues the 99% is complaining about, is the massive federal bailouts? Aren't people like the Tea Party, and Republican Conservatives, also complaining about the massive federal bailouts? If people from both the left and right are complaining about those federal programs, where is the federal government headed? No, there is a very important difference between the two. OWS wants the money in their hands. They don't mind that 800 billion (or whatever) was spent, they just wanted it spent on supporting their grubby hippy asses. Conservatives are pissed that the money was spent, period. There is no common ground between a conservative and the OWS asshats. |
|
Quoted:
Quoted:
Isn't one of the issues the 99% is complaining about, is the massive federal bailouts? Aren't people like the Tea Party, and Republican Conservatives, also complaining about the massive federal bailouts? If people from both the left and right are complaining about those federal programs, where is the federal government headed? No, there is a very important difference between the two. OWS wants the money in their hands. They don't mind that 800 billion (or whatever) was spent, they just wanted it spent on supporting their grubby hippy asses. Conservatives are pissed that the money was spent, period. There is no common ground between a conservative and the OWS asshats. Clearly there are lots of differences. But the disdain for massive government bailouts, seems to be similar. |
|
Quoted:
Isn't one of the issues the 99% is complaining about, is the massive federal bailouts? Aren't people like the Tea Party, and Republican Conservatives, also complaining about the massive federal bailouts? If people from both the left and right are complaining about those federal programs, where is the federal government headed? Whichever way the wind blows and the populace votes. We keep sending libtards and radicals up there, we will continue to slide into second class status and watch our futures and fortunes drained and wasted. The 99%'rs are full of shit. They can co-opt an issue or two where we can agree on - like the big bank bailouts and corporate chrony bailouts were unethical or just plain wrong but their solution is to murder wealthy corporate CEO's and property owners, steal others hard earned fortunes to give to those who have not earned them, and to set up the totalitarian nanny state which can provide for all and take all as it deems fit. Zero common ground between the Tea Party and that marxist bunch of hooligans. Pay little attention to them - other than to stay away - but watch closely the instigators and the operators behind them - including Obama. I am not fluent in economics so I listen to Sherrick and to others of opposing views and try to make sense of it all. My best guess is we are headed for the 1970's Carter style malaise and possible another series of bigger wars if that's what Obama needs to maintain power and control. Higher interest rates on loans and on basic savings and CD's as well - good and bad. Higher prices at the pump and grocery store, less frills and more basics in your budget. The civil unrest will not go away as long as they can organize and riot. |
|
Quoted:
Quoted:
Quoted:
Isn't one of the issues the 99% is complaining about, is the massive federal bailouts? Aren't people like the Tea Party, and Republican Conservatives, also complaining about the massive federal bailouts? If people from both the left and right are complaining about those federal programs, where is the federal government headed? No, there is a very important difference between the two. OWS wants the money in their hands. They don't mind that 800 billion (or whatever) was spent, they just wanted it spent on supporting their grubby hippy asses. Conservatives are pissed that the money was spent, period. There is no common ground between a conservative and the OWS asshats. Clearly there are lots of differences. But the disdain for massive government bailouts, seems to be similar. The solution of OWS is bigger government, more overseers, more regulation, more spending on individuals and more spending on "programs" that are supposed to "make people more productive", less personal responsibility, more safety net and the destruction of corporations. OWS is pissed the money did not go to furnish their dorm rooms with iEverything. |
|
Quoted:
Quoted:
Quoted:
Isn't one of the issues the 99% is complaining about, is the massive federal bailouts? Aren't people like the Tea Party, and Republican Conservatives, also complaining about the massive federal bailouts? If people from both the left and right are complaining about those federal programs, where is the federal government headed? No, there is a very important difference between the two. OWS wants the money in their hands. They don't mind that 800 billion (or whatever) was spent, they just wanted it spent on supporting their grubby hippy asses. Conservatives are pissed that the money was spent, period. There is no common ground between a conservative and the OWS asshats. Clearly there are lots of differences. But the disdain for massive government bailouts, seems to be similar. Concur. both sides didn't like the bailouts at the taxpayers' expense. It devalued our earnings, savings and retirement. It transferred the burden of private losses onto the shoulders of the public. All of Arfcom should be up in arms about it. If anyone wants proof, look at the price of food and precious metals. They're up because our dollar is down. 
|
|
I think that we'll see a deflationary slump, followed by hyperinflation and socio-political upheaval. There is some very interesting commentary by FerFal, who watched it happen in his country (Argentina), and by Gonzalo Lira, who watched it happen in his (Chile). I agree with Lira's observations on what is probable for the US:
...civilization will not come crashing down into anarchy. At worst, there’ll be a three-four years of hell—economic hell. Financial hell. But then things will settle down into a new normal.
This new normal might well have unsavory characteristics. I tend to be a pessimist, and just glancing through history, I can see that just about every period of hyperinflation has been stabilized by some subsequent form of autocratic or totalitarian government. The United States currently has all the legal decisions and practical devices to quickly transition into an authoritarian or totalitarian regime, should a crisis befall the nation: The so-called PATRIOT Acts, the Department of Homeland Security Agency, the practical suspension of habeas corpus, etc., etc. But as I said in my previous post, and reiterate here: Speculations about the new normal are pointless at this time. The future will happen soon enough. What I do know is, One, a hyperinflationary event will happen, following the crash in Treasuries. Two, commodities will be the go-to medium for value storage. Three, all asset classes will collapse in short order. And Four—and most importantly—civil society will not collapse along with the dollar. Civil society will stumble about like a drunken sailor, but eventually right itself and carry on with a new normal. Excerpted from a much longer blog entry here: Gonzalo Lira BlogSpot Lots of food for thought here, as well: FerFal's BlogSpot: Surviving the Economic Collapse in Argentina, 2001 |
|
Thanks Righhandtwist for Gonzalo Lira's link. I've read his articles when they were linked from another website. I agree that there won't be a Mad Max scenario. FerFal's stated in his book that Argentina experienced a contraction of government services. The police were still there, but they concentrated around civic centers, government buildings and the more affluent neighborhoods. The rest were left to fend for themselves.
I expect the same here. One thing that distinguishes America of today from America of the 1930s is that our forefathers were more restrained. Nowadays people kill one another for cutting them off in traffic or other perceived wrongs. Beotches slap fast food restaurant cashiers and get their arm broken in retaliation. So, when the welfare/entitlement group finds their dollars don't buy sh*t, they'll just take it. We're seeing it now with the riots (downplayed in the media as "flash mobs") where stores are sacked. Expect shopping centers to be sacked instead. After the initial round of looting and burning, it will slowly settle down. It may take a few years while we stagger around in a stupor before we begin rebuilding our nation. |
|
Quoted:
Good question. But honestly, im with Sherrick on this one...maybe hard times for a while, but in the end, everything will be OK. This. It might be your (not you OP, but your in general) first rodeo, but it's not the first rodeo. Position your assets now (while they are inexpensive) for the ensuing recovery because it is going to be massive. Once "0" is gone, either in a year (or 5), you will have 4 (or 8) years of pent up demand unleashed upon American businesses and industries. STFB...in a good way. |
|
Quoted:
This is not a call-out, but an honest question... Sherrick, With all the downgrades for Euro-zone countries, the Greek issue, the IMF changing their tune to "Spend Spend Spend", the world-wide "Occupy" (read marxist revolutionaries) movement, direct agreement with the OWS by the administration, etc... Are you more or less inclined to believe that the world is going to deteriorate into a period of conflict, mostly internal to each country? I personally see the Marxists seizing this moment as their opportunity to make their play for complete control to "save the world"...and if anyone gets in their way, their useful idiot minions in the streets will be called upon to riot and destabilize nations. Bingo. That's the risk. Rather than admit defeat, let the Euro fail, and take their medecine, the Socialists will start to tighten their grip and we will soon see the first cries for true communism and state enforced "wealth redistribution" |