U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 02-12-2009, 02:42 PM
 
13 posts, read 23,185 times
Reputation: 18

Advertisements


YouTube - ' Worst economic collapse ever'

In 2009 were going to see the worst economic collapse ever, the Greatest Depression, says Gerald Celente, U.S. trend forecaster. He believes its going to be very violent in the U.S., including there being a tax revolt.
Reply With Quote Quick reply to this message

 
Old 02-12-2009, 02:58 PM
 
Location: Charlotte, NC
7,658 posts, read 7,475,094 times
Reputation: 3244
LOL

Fear-mongering by the media certainly isn't going to help turn things around any sooner!

"Tax revolt"? Get your tea ready again, Boston! Please.

People need to keep living their lives. Not much has changed for my wife and I, honestly. We put a little more in savings each paycheck but we're not behaving much differently. Acting/spending/saving as per normal, if possible, is what's going to turn things around faster than anything, IMO.

But, what do I know?
Reply With Quote Quick reply to this message
 
Old 02-12-2009, 03:41 PM
 
1,343 posts, read 2,841,374 times
Reputation: 976
My plan is to avoid paying taxes by not making any money.
Reply With Quote Quick reply to this message
 
Old 02-12-2009, 04:21 PM
 
Location: CLT native
4,280 posts, read 9,837,459 times
Reputation: 2249
Quote:
Originally Posted by XcapefromNJ View Post
My plan is to avoid paying taxes by not making any money.
This is SOP for many LLCs, and S Corps (myself included).

Key word: Expense...

Last edited by mullman; 02-12-2009 at 04:54 PM..
Reply With Quote Quick reply to this message
 
Old 02-12-2009, 04:30 PM
 
1,800 posts, read 5,089,160 times
Reputation: 732
This video clip seems awfully amateurish to me...hmmmm
Reply With Quote Quick reply to this message
 
Old 02-12-2009, 05:27 PM
 
Location: Way up high
14,072 posts, read 20,178,184 times
Reputation: 14320
Im ready for the violence...(insert cocking of shotgun noise here please)


For real: Get over it and live your lives!!!!! This media is hyping everything up and putting people in a major panic. Yes, shet sucks right now but the world is not going to end!!!!!!!!! Buck up!!!!!
Reply With Quote Quick reply to this message
 
Old 02-12-2009, 07:33 PM
 
1,956 posts, read 4,682,940 times
Reputation: 1101
Quote:
Originally Posted by mullman View Post
This is SOP for many LLCs, and S Corps (myself included).

Key word: Expense...
Am desperately trying to find more of these for last year right now...
Reply With Quote Quick reply to this message
 
Old 02-12-2009, 08:00 PM
 
1,956 posts, read 4,682,940 times
Reputation: 1101
I think he gets carried away a bit, but he's got a very good point about the hitherto unmentioned commercial real estate collapse that's rearing it's ugly head. That could prove very nasty indeed.
Reply With Quote Quick reply to this message
 
Old 02-12-2009, 08:43 PM
 
10,485 posts, read 22,582,871 times
Reputation: 6611
Quote:
Originally Posted by hooligan View Post
LOL

Fear-mongering by the media certainly isn't going to help turn things around any sooner!

"Tax revolt"? Get your tea ready again, Boston! Please.

People need to keep living their lives. Not much has changed for my wife and I, honestly. We put a little more in savings each paycheck but we're not behaving much differently. Acting/spending/saving as per normal, if possible, is what's going to turn things around faster than anything, IMO.

But, what do I know?



It is almost comical how nieve the American public is. Very soon the whole banking industry is going to collapse and everyone's savings are going to be history just like it did in the 1920's. There is no turn around in the future, period. For one thing, inflation is going to rise so bad this year that the dollar will become worthless.
Reply With Quote Quick reply to this message
 
Old 02-12-2009, 08:47 PM
Status: "happy again, no longer catless! t...." (set 15 days ago)
 
Location: Cushing OK
14,430 posts, read 16,724,550 times
Reputation: 16445
Quote:
Originally Posted by StoneOne View Post
I think he gets carried away a bit, but he's got a very good point about the hitherto unmentioned commercial real estate collapse that's rearing it's ugly head. That could prove very nasty indeed.
Where I lived in California the problem he mentioned has been visible for some time. The small stores leave and a year later they are still empty. There is hardly anyone left in the strip mall and unless there is a very busy grocery store no reason to go there. Larger spaces in malls are empty and have been for awhile. One of the big department stores closed in the Galleria and has been empty for years.

I don't think anyone should take a deep breath of relief until the commercial real estate and the adjustable rate morgages burst and the dust has settled. And when you get enough people without jobs and a portion without homes, people will not necessarily behave like good citizens. And those who have jobs and an income are not going to go and spend unless its absolutely necessary. Its going to take a lot to convince people to go out and be active consumers again and the jobless rate must reverse before that time will come.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top