Financial collapse is upon us. (bankrupt, loan, accountant, credit card)

[cdcdguy]

Originally Posted by slackjaw

I ask again: when?

Anyone can sit here being the internet equivalent of crazy dude with "end of days" signboard, if have a strong enough analysis to predict this why don't you throw out a year? Do you have anything more solid than general open-ended impending doom thread?

You will never get an answer to this. Even when a date is given and nothing happens, they just lie low, then start a new thread. I think we may be in for some hard times for sure, but this total collapse stuff gets old.

[slackjaw]

Originally Posted by cdcdguy

Even when a date is given and nothing happens, they just lie low, then start a new thread

Or they just convince themselves they were right anyway. Suddenly whatever economic situation we are in will indeed be the collapse they spoke of and the rest of us are fools for swallowing those fake government stats instead of seeing what is going on around us.

Riots in the streets? Check, occupy wall street movement counts.
Soaring unemployment? Check, see this website shows it is actually 30%.
People starving? Check, see "food insecure" press release from this charity.
World at war? Arab Spring is because of starvation not political.

It is almost like Mad Max out there right now.

[Boompa]

Originally Posted by slackjaw

Or they just convince themselves they were right anyway. Suddenly whatever economic situation we are in will indeed be the collapse they spoke of and the rest of us are fools for swallowing those fake government stats instead of seeing what is going on around us.

Riots in the streets? Check, occupy wall street movement counts.
Soaring unemployment? Check, see this website shows it is actually 30%.
People starving? Check, see "food insecure" press release from this charity.
World at war? Arab Spring is because of starvation not political.

It is almost like Mad Max out there right now.

I would hardly call the Occupy Movement RIOTS.
Soaring Unemployment, it was higher under Reagan
People Starving, not while we have Food Stamps
World at War, During the last World War 10% of the population war called up for military service, now hardly 1%

You need to get out more

[modeerf]

Originally Posted by slackjaw

I ask again: when?

Anyone can sit here being the internet equivalent of crazy dude with "end of days" signboard, if have a strong enough analysis to predict this why don't you throw out a year? Do you have anything more solid than general open-ended impending doom thread?

sorry, i just reviewed and saw that you asked back on pg. 1

I can only guess when. There are opposing powers fighting for survival, and the IMF always comes out on top.

My gut says before the summer of 2012.

With the earnings season coming up, i would say that the NYSE 4th quarter reports will shock the avg. investor.

Credit has been cut by Billions, Unemployment and wages are obviously stagnate and failing. Christmas sales won't be that great.

There are a couple majors that could make a world financial collapse come very swiftly.

1. PIIGS bring down EU, which brings down Britain, USA, China.

2. War w/ Iran would turn energy on its head. Cost and supply.

One thing that is for sure, is that Bank of America is a short timer. IT's going to be a gift to JP Morgan.

[slackjaw]

Originally Posted by Boompa

You need to get out more

You need a new sarcasm detector.

[modeerf]

Originally Posted by slackjaw

You need a new sarcasm detector.

There use to be a smiley for that....

[hueyeats]

I have always been a skeptic to many things (Y2K etc.)...

BUT being of the Asian blood, I've always liked gold, and would agree that in centuries past, gold is the world currencies (from India to China, to Europe & Arabian world & Africa... etc.) and is a traded & honored system (way of currency / product eg. like jewelry etc.) for many merchants... there will be nothing wrong in holding on to gold for the "JIC".

Now with the proven history of how paper money based upon "trust" (from the government promising its value) can and have failed us (like Japanese Banana note, German money in WW2, North Korean redenominate its currency...) and if EUROPE were to do away with EURO.... then what "trust" do we have in what the modern society knows of as a currency in the "paper money"???

What good is "paper money"???
**You cannot eat it***
When this "paper money" cannot buy your "basic needs" (food, water, shelter, medicine etc.)??? Then this "paper money" may be only useful / worth for only toilet needs????

Brings us back to "food".
Food can be used also as a trading currency... dated back to centuries because FOOD is a necessity.
Say if you have food but needed medicine... you can use food in trade for medicine... the example is endless.
Food is for survival, plain & simple, you NEED it.

The only reason you may have need for the modern "paper money" is because right now with the government guaranteeing its value, one can use that value to buy food.

(**Doesn't help that there may be a second downgrade to the US banks...** another notch to Obama's belt for his achievement for sure)
Anyone should know downgrading the credit worth (hence trust) of a country is NO JOKING matter...

Say 1 euro buys you a loaf of bread today... but what happen if tomorrow with hyper inflation (the trust is no longer there) when that loaf of bread will be costing you 1000 euro??? What is that "paper money" euro worth then??? And if it keeps depreciating??? What then?

Thus, I have done what my family use to do... I like to hoard food too, its natural thing to do (squirrels does it for winter, so why not I, I have that room..).

The worst case scenario may or may not even happen...

BUT no one can deny "prevention" is better than "having to cure" one when they are already sick...

If "prevention" is better, why not in preparation for the "JIC"???

Or why buy life insurance but for the "JIC"???

Its absolutely legal and with the rights of freedom should anyone chooses to prepare for that worst case scenario.

I'd say... GOOD for the ones prepared than the ones NOT.

[hueyeats]

Yes... lets do away with the USA dollar and put everyone one Food stamps (the currency)...
How about that???

And who's going to pay for that "everyone on food stamps"???

Does not make sense when the country is in debt, our generation & the next few after us will be paying for this debt... and we have to pay for the welfare of ??Who/What?? on food stamps???

Yah... sorry I would like to feed my family *first* before giving my "leftovers" to the "beggers" (on welfare/foodstamps)... That make sense!

P.S. And at this rate with the people on the *receiving end* as "ingrates" (who is NOT even paying Taxes)... I don't think I would like to give a penny more to contribute to the people who is milking off the societies... and *I* shouldn't be "forced to" do charity, its my hard earned money after-all.

[Escort Rider]

Originally Posted by modeerf

There use to be a smiley for that....

If our writing skills are decent, and if the reader's comprehension skills are decent, then no one will need an emoticon to tell us what is sarcasm. The enjoyment of sarcasm for both writer and recipient is lost is there has to be a warning sign stating "Hey, this is sarcasm!".

The reliance on emoticons for such things is a sign of semi-literacy. Slackjaw's meaning was clear as a bell.

[modeerf]

Originally Posted by hueyeats

Yes... lets do away with the USA dollar and put everyone one Food stamps (the currency)...
How about that???

And who's going to pay for that "everyone on food stamps"???

Does not make sense when the country is in debt, our generation & the next few after us will be paying for this debt... and we have to pay for the welfare of ??Who/What?? on food stamps???

Yah... sorry I would like to feed my family *first* before giving my "leftovers" to the "beggers" (on welfare/foodstamps)... That make sense!

P.S. And at this rate with the people on the *receiving end* as "ingrates" (who is NOT even paying Taxes)... I don't think I would like to give a penny more to contribute to the people who is milking off the societies... and *I* shouldn't be "forced to" do charity, its my hard earned money after-all.

The economy is set up to fail. It is a divide and conquer competitive exercise that pits everyone against each other.

The American Motto; GET AHEAD! (of who?) your family, neighbors, countrymen?

Sure there are those that want to be fed.

The majority don't.

I just can't believe that all those ivy league scholars could destroy the economy in a few decades.

How is it that when Wall st. exports our ideas, technology and lively hoods. It's the people that just want to eat that get chastised?

Stop feeding the unemployed and lazy. You'll see something really interesting.

Al Qaeda will be a bee sting compared to the revolt that despair generates.