Posted: 1/29/2009 4:40:55 PM EDT
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I know that I’m preaching to the choir here but the world financial markets are teetering on collapse again and many areas are de-stabilizing. When we first started talking about financial doom and gloom here the mainstream never really believed it would happen but that has all changed. No one is trading, no loaning, no spending (except by the Gov), countries around the world are rioting. AIG, CITI, Bank of America, and many more have proven that the money just isn’t enough without the fundamentals of a strong forecast or economy. If Russia, France, China or a combination of a few small countries start a new currency. Then the world will dump T-notes like they were on fire for a stronger monetary system. Combined with all this valueless money we have been printing hyperinflation could happen in weeks to days. And the pure threat of this is already printed in the Obama “stimulus” package in the power it gives the federal Government. The panic of this real or perceived is all over the media and it causes the same result. Remember the posted job loses we see everyday is just the first wave until the certainty of the situation sets in. As I said I know everyone is always preparing, but I think this might be the big one we have been getting ready for. |
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I've been saying for 15 years or more that the globalists that went for the quick buck, by moving our industrial base overseas, are, (have), destroyed America's economy. America has been the driving force behind the worlds consumption and economy for over 150 years.
I used to say these morons didn't realize destroying America's economy would cause America to colapse and the world economy to also collapse. As of late, I don't think it was a greedy accident. This whole house of cards has been done by design. To force ALL economies to collapse and bring in their "New World Order". I've studied all sources of prophecy I could find over 30 years. Everything is happening as prophesied. The future isn't looking good. Keep prepping. |
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If Russia, France, China or a combination of a few small countries start a new currency. Then the world will dump T-notes like they were on fire for a stronger monetary system. what? russia (ruble), france (euro), and china (renminbi) all have their own currency, and in france's case it's monetary base is part of a much larger financial ecosystem. they already have a non-dollar denominated currency. what happens next that leads their currency to be stronger than the dollar to the extent that T-bills are abandoned? and, do we REALLY want the dollar to be strong? think carefully about how you answer that. in the long term, the results of a very strong dollar are not especially good for the USA –– and more specifically for US workers. meanwhile, "if ... a few small countries start a new currency" –– this makes no sense. the value of a country's currency is mostly a result of the combination of political stability and liquidity. the former is a function of the government(s) charged with managing it, and the latter is a result of a large but balanced number of buyers and sellers. the currency of "a few small countries" offers neither of these attributes. in fact, this is the very reason the euro was born. ar-jedi |
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I've been saying for 15 years or more that the globalists that went for the quick buck, by moving our industrial base overseas, are, (have), destroyed America's economy. these "globalists" you speak of, do you use any of their products? say, for example, oil? how about the cpu in your PC? perhaps your TV as well? Quoted:
America has been the driving force behind the worlds consumption and economy for over 150 years. we still are. but why should we remain so? because we deserve it? Quoted:
I used to say these morons didn't realize destroying America's economy would cause America to colapse and the world economy to also collapse. "these morons" are you, me, and our neighbors here in the USA. cultures and countries that value education will thrive, and economies will be rewarded by having a educated population. look at the focus on the family unit and education in india and china. doesn't this remind you of the USA in the 1940's and 1950's? not much later, it became "cool" to make fun of the smart kids. elvis, fonzi, et al were role models, not feynman. ar-jedi |
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For what it's worth, this is to be expected. The Bible tells us that we will eventually have a one-world currency. This and a whole lot more and it's all coming to pass. Just as prophesied over 2000 years ago. We are in the season the Bible speaks of to the true believers in Jesus Christ when it says "Look up for your redemption draweth nigh" luke 21:28. I believe, based on my limited knowledge of Bible prophesy the time as we know it will end soon. We are on the brink of Eternity. |
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the wheels on the cart are wobbling pretty hard but you'd need to see a default on debt by the US for that to be a possibility. IF that were to occur, your talking about a total global economic collapse - that might be the thing your getting at. But saying it's going to be the EURO is a stretch at this point, at least not in its current form.
There are a number of developed countries that have been calling for a one world currency for a while. China happens to be one of them. |
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We are on the brink of Eternity Fantastic! I'm tired of waiting around!! 
ar-jedi has it right. There are corrections. Folks need to keep their skills tuned up, and work hard. I was at a career fair (recruiting) yesterday. The undergrads from India are rocking experience and coursework that only a few domestic masters students have... They are simply working a lot harder right now, and their economy is emerging. The markets will tank. They will tank again. There will probably be some disasters, and we will lose freedoms if we do not fight. But I'm not staying awake waiting for a horseman, I'm going to keep working, learning, living, raising and nurturing my family, and preparing for when things are not good, or outright dangerous. I think if "your doing it right" it doesn't really look different than "preparing for end times"... or "living a balanced life". |
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We are on the brink of Eternity Fantastic! I'm tired of waiting around!!
ar-jedi has it right. There are corrections. Folks need to keep their skills tuned up, and work hard. I was at a career fair (recruiting) yesterday. The undergrads from India are rocking experience and coursework that only a few domestic masters students have... They are simply working a lot harder right now, and their economy is emerging. The markets will tank. They will tank again. There will probably be some disasters, and we will lose freedoms if we do not fight. But I'm not staying awake waiting for a horseman, I'm going to keep working, learning, living, raising and nurturing my family, and preparing for when things are not good, or outright dangerous. I think if "your doing it right" it doesn't really look different than "preparing for end times"... or "living a balanced life". They have a larger gene pool to pick from |
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Quoted:
If Russia, France, China or a combination of a few small countries start a new currency. Then the world will dump T-notes like they were on fire for a stronger monetary system. what? russia (ruble), france (euro), and china (renminbi) all have their own currency, and in france's case it's monetary base is part of a much larger financial ecosystem. they already have a non-dollar denominated currency. what happens next that leads their currency to be stronger than the dollar to the extent that T-bills are abandoned? and, do we REALLY want the dollar to be strong? think carefully about how you answer that. in the long term, the results of a very strong dollar are not especially good for the USA –– and more specifically for US workers. meanwhile, "if ... a few small countries start a new currency" –– this makes no sense. the stability of a currency, and therefore partially it's value to others, is mostly a result of the combination of stability and liquidity. the former is a function of the government(s) charged with managing it, and the latter is a result of a large, but balanced number of buyers and sellers. the currency of "a few small countries" offers neither of these attributes. in fact, this is the very reason the euro was born. ar-jedi Hey man did you get up to speed on this about 9 months ago? Yes a weak dollar was good for all of us then. But now the whole world has a value problem and downturn. The entire system is first designed around the Federal Reserve and fiat money. The euro was based on our system and is in the same trouble. Debt would be absorbed and forgiven by everyone to create stability. China would have to take the biggest hit because they own our debt but then they pretty much own and run the world. There is no way on this planet we the US can compete as a manufacture compared to them, not until we reset. And that will take years of revolution here. We consume- period. This whole house of cards could come down. And in other countries eyes we have to fail for everyone to find stability. Prepare while you can. If anyone can show me why this absolutely couldn't happen please show me. |
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Hey man did you get up to speed on this about 9 months ago? well, seeing as how you skipped right past the reality i presented to you, it reasons the next step is to post a rhetorical question about how long i've been at this. fair play, i'll run with that. Quoted:
Yes a weak dollar was good for all of us then. a weak dollar is not a bad thing. a weak dollar INCREASES manufacturing employment in the USA, and INCREASES exports of all goods and services. one thing a strong dollar does is make shopping excursions in London, Paris, and Milan less expensive though, if that's what you are looking for. Quoted:
But now the whole world has a value problem and downturn. economies are cyclic –– surprise. global markets are interlinked –– surprise. Quoted:
The entire system is first designed around the Federal Reserve and fiat money. this "system" that you speak of... it's controlled by men in black suits, right? and, the alternative system, which you are about to tell me about, is based on a tangible monetary reference, say gold. and therefore, by definition, the finite amount of gold fixes the amount of money. and, were one country to suddenly come into some gold (either by mining from the ground or by taking it from another country in an act of war), they could in short order become the richest country EVAR. or more appropriately, that country's government (the ruling class) would become very wealthy; the little people would starve. but this won't happen, why? be sure your argument on why this would not happen addresses the parallels with oil, and the resulting situation in Saudi Arabia, Kuwait, Iraq, Iran, Venezuela, and so on. Quoted:
The euro was based on our system and is in the same trouble. hmmm. let me check on the total number of non-fiat currencies in the world. right, ok, carry the 1, the answer is ... wait for it ... a big fat zero. the euro was not "based on our system". we (the USA) did not "invent" the notion of fiat currency –– we simply adopted it as it made more and more sense in terms of fiscal policy. there must be a reason for this, no? i mean, the swiss and the germans are famous for banking and strict monetary policy –– can't they even get it right? the british pound was floated at the same time the US dollar was –– are all the London School of Business graduates just as dumb as those from Wharton? Quoted:
China would have to take the biggest hit because they own our debt but then they pretty much own and run the world. this is not their fault, is it? Quoted:
There is no way on this planet we the US can compete as a manufacture compared to them, sure there is. let the dollar fall lower and lower, and it will be cheaper to manufacture goods here in the USA vs outsourcing it overseas. foreign airlines will be queued up to buy cheap Boeing airplanes, vs those expensive Airbus units. your aforementioned European vacation is going to get expensive, though. Quoted:
not until we reset. And that will take years of revolution here. we are not going to regain anything from a "reset" of an economic nature. a recession/depression is not going to change our last half-century of systemic educational failure and the demise of the work ethic. Quoted:
We consume- period. good news, we are out of money, running on credit, and our government is engaged in a Sisyphus-like deficit spending effort. the consumption will slow, no doubt about that. Quoted:
This whole house of cards could come down. And in other countries eyes we have to fail for everyone to find stability. the best economic situation in most countries is far, far worse than a typical US recession. the average american lives far better than almost everyone in the world. i was in spain in 1996 when the unemployment rate was 15%. you would not have known it from the lack of complaining –– they are used to 10%. so it's no big deal. Quoted:
Prepare while you can. If anyone can show me why this absolutely couldn't happen please show me. what could happen? worst case, prepare to move to another country if it gets "bad". and the green grass there will, with the next business cycle, turn yellow. ar-jedi |
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Quoted:
I've been saying for 15 years or more that the globalists that went for the quick buck, by moving our industrial base overseas, are, (have), destroyed America's economy. America has been the driving force behind the worlds consumption and economy for over 150 years. I used to say these morons didn't realize destroying America's economy would cause America to colapse and the world economy to also collapse. As of late, I don't think it was a greedy accident. This whole house of cards has been done by design. To force ALL economies to collapse and bring in their "New World Order". I've studied all sources of prophecy I could find over 30 years. Everything is happening as prophesied. The future isn't looking good. Keep prepping. +1 on that. Many people think that this is too big to have happened by "accident"...and until the U.S. economy is in shambles, the people calling the shots won't be able to effect the "change" they are looking for. |
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Hey man did you get up to speed on this about 9 months ago? well, seeing as how you skipped right past the reality i presented to you, it reasons the next step is to post a rhetorical question about how long i've been at this. fair play, i'll run with that. Quoted:
Yes a weak dollar was good for all of us then. a weak dollar is not a bad thing. a weak dollar INCREASES manufacturing employment in the USA, and INCREASES exports of all goods and services. one thing a strong dollar does is make shopping excursions in London, Paris, and Milan less expensive though, if that's what you are looking for. Quoted:
But now the whole world has a value problem and downturn. economies are cyclic –– surprise. global markets are interlinked –– surprise. Quoted:
The entire system is first designed around the Federal Reserve and fiat money. this "system" that you speak of... it's controlled by men in black suits, right? and, the alternative system, which you are about to tell me about, is based on a tangible monetary reference, say gold. and therefore, by definition, the finite amount of gold fixes the amount of money. and, were one country to suddenly come into some gold (either by mining from the ground or by taking it from another country in an act of war), they could in short order become the richest country EVAR. or more appropriately, that country's government (the ruling class) would become very wealthy; the little people would starve. but this won't happen, why? be sure your argument on why this would not happen addresses the parallels with oil, and the resulting situation in Saudi Arabia, Kuwait, Iraq, Iran, Venezuela, and so on. Quoted:
The euro was based on our system and is in the same trouble. hmmm. let me check on the total number of non-fiat currencies in the world. right, ok, carry the 1, the answer is ... wait for it ... a big fat zero. the euro was not "based on our system". we (the USA) did not "invent" the notion of fiat currency –– we simply adopted it as it made more and more sense in terms of fiscal policy. there must be a reason for this, no? i mean, the swiss and the germans are famous for banking and strict monetary policy –– can't they even get it right? the british pound was floated at the same time the US dollar was –– are all the London School of Business graduates just as dumb as those from Wharton? Quoted:
China would have to take the biggest hit because they own our debt but then they pretty much own and run the world. this is not their fault, is it? Quoted:
There is no way on this planet we the US can compete as a manufacture compared to them, sure there is. let the dollar fall lower and lower, and it will be cheaper to manufacture goods here in the USA vs outsourcing it overseas. foreign airlines will be queued up to buy cheap Boeing airplanes, vs those expensive Airbus units. your aforementioned European vacation is going to get expensive, though. Quoted:
not until we reset. And that will take years of revolution here. we are not going to regain anything from a "reset" of an economic nature. a recession/depression is not going to change our last half-century of systemic educational failure and the demise of the work ethic. Quoted:
We consume- period. good news, we are out of money, running on credit, and our government is engaged in a Sisyphus-like deficit spending effort. the consumption will slow, no doubt about that. Quoted:
This whole house of cards could come down. And in other countries eyes we have to fail for everyone to find stability. the best economic situation in most countries is far, far worse than a typical US recession. the average american lives far better than almost everyone in the world. i was in spain in 1996 when the unemployment rate was 15%. you would not have known it from the lack of complaining –– they are used to 10%. so it's no big deal. Quoted:
Prepare while you can. If anyone can show me why this absolutely couldn't happen please show me. what could happen? worst case, prepare to move to another country if it gets "bad". and the green grass there will, with the next business cycle, turn yellow. ar-jedi You know the biggest problem I have with what you’re saying is that you believe that this is a cycle. In a short time we have spent more in 2 bailouts than any time in history and then we have almost passed another bailout bill that is also more than any in history, more than all the Wars combined. And now there is talk that they will start a bad bank for possible few trillion. Nations are all lining up, Australia now wants to be included in a new financial order. All these socialist and almost socialist countries want world oversight and stable currency. And the dollar is not it, we are killing it right now. It’s happening right in front of us all. You still say a weak dollar is good for manufacturing here right? Well what and where are we going to do that? All our plants are gone, our mills are gone. Is our society trained for labor, no it has been pushed to white collar for the last 20 years, give them all wrenches? Do you realize how much of a living change it would be on America if we devalue the dollar to a point that we “might” be able to compete with china? We would all be living like we lived in Mexico. You said that Spain was in 15% unemployment. Well we are already there, the numbers don’t reflect those whose benefits have expired. We will see 20% by the end of the year probably sooner. Commercial real-estate is vacating at light speed right now, maybe we could turn them into 3rd world sweat shop manufacturing? Either way, you can try to counter point all I’ve said as if you run an investment firm and have to say this all isn’t happening due to your job. BUT country we see now and the way we do business will be gone by the end of this year. There are no positive fundamentals, there are no fixes this year. And what is the worst that could happen. Bank failure and frozen short term loans would be a start. Imagine every gas station, grocery store, ATM, not being able to restock or attain what we all consume. A bank holiday, bank run, there are many more results from no money in the system. Or a 30% devalued money system from a sell off of us treasuries after we lose our AAA rating. I hope I’m wrong and you’re right and this is all a cycle. But I’ll be ready anyway. |
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You can think of the escalating Economic Crisis that we're presently in that will, unfortunately, financially destroy many of us here, as a 'leading indicator' for the social catrastrophe that will folow. That sums it up as well as I've seen anywhere. Red |