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The collapse of financial markets is impossible? You are pretty trusting of the money gods.
Reading comprehension fail. I said your predictions that you rant about over and over again...well, because you say so. It's a false dichotomy that the only options are either your predictions of collapse, or some belief in a vast conspiracy of market gods. It kind of just ignores reality, and grade school logic.
Quote:
Originally Posted by modeerf
Correction:
I may rant from time to time...
If 26 pages of rants are time to time, I would hate to see what you consider ranting a lot.
Reading comprehension fail. I said your predictions that you rant about over and over again...well, because you say so. It's a false dichotomy that the only options are either your predictions of collapse, or some belief in a vast conspiracy of market gods. It kind of just ignores reality, and grade school logic.
If 26 pages of rants are time to time, I would hate to see what you consider ranting a lot.
Many of the Threads i start have an adjoining link of someone else's viewpoint (including this one). They are not my predictions, like some sort of psychic.
I think hyperbole and exaggeration may be your strong suit. We all have hills to climb and opinions to clarify.
Also, you must not know many of the wealthy in the world. There are actual groups of people that plan on dominating power and money. From the PTA in your neighborhood... all the way up to Goldman Sachs. Just because you use the word conspiracy, doesn't mean there isn't calculated corruption..... wake up human. Your on Planet Earth. Where Gold rules and he who has the most makes the rules.... talk about grade school logic... your not even out of the fooking womb....
All twenty six pages are rants? hmmm.
note: city data has provided an ignore function, if you don't like rants, please put me on ignore.
I don't think so. More a muddling through. You've fallen into the "hysteria" trap where you equate stagnation with collapse. I think things will continue on as they are until the next great boom cycle. Right now is quite similar to how things were in the mid-70s. That was not followed by collapse.
There is too much debt in the entire global system to achieve growth necessary to grow out of this. We need a reset, repudiation of debt, defaults and then we can return to growth. The great ponzi of fiat currency will implode, it has to.
I think Greece is going to implode and that will start a domino effect.
Over 200 billion Euros have left Greece and are now in Swiss bank accounts.
Runs have started on the banks since they announced a possible 60% loss on investments to try to help reduce Greece's debt.
To the fools replying to this thread saying that everything is pretty much peachy, and the good ol US will recover...are you for real?
We are 14 trillion in debt, and only sinking deeper by the day. We love to invade country after country, trying to force our warped democratic viewpoint upon others. Corruption runs our country and it is only a matter of time before the house of cards collapses.
There is too much debt in the entire global system to achieve growth necessary to grow out of this. We need a reset, repudiation of debt, defaults and then we can return to growth. The great ponzi of fiat currency will implode, it has to.
consider the statistics:
Sadly, the public market is expanding, while the private market is shrinking. Consider the state of our GDP, which is a rough measure of the size of the American economy. At the beginning of the 20th century, “the federal government collected three percent of GDP in taxes. A century later, it collects between 18 and 20 percent of GDP.
In 1903 federal spending amounted to 7% of GDP; in 2010, 70%, and by 2016 the Gross Public Debt of the United States is projected to be over 100% of GDP.
Even more shocking, the first issue of The Federal Register (The Code of Federal Regulations) was published in 1936 and contained 16 pages. In 2010 the number of pages in The Federal Register was 82,589! Keep in mind that these figures pertain ONLY to the federal government. State and local taxing, spending, borrowing and regulating is another animal entirely.
Why should we care that the private market in the United States is being replaced by the public market?
Because economic theory proves that both parties are always satisfied by a voluntary trade.
we need to expand the private sector to have any kind of permanent solution. i do think that extend and pretend can last quite a bit longer when most of the participants are amenable. (although not indefinitely, of course). marc faber has an interesting interview if anyone wants to watch: http://www.youtube.com/watch?v=HS6NzyI1_Zs
Last edited by floridasandy; 10-27-2011 at 04:07 PM..
There is too much debt in the entire global system to achieve growth necessary to grow out of this. We need a reset, repudiation of debt, defaults and then we can return to growth. The great ponzi of fiat currency will implode, it has to.
It is the clear solution. One problem.. some like to dominate others.
If few control all the water, there will be suffering.
It works in Agriculture. It works in banking. It always ends in bloodshed.
Depressions and recessions look very similar in their early stages.
The main difference between recessions and depressions is that depressions come in two waves.
The first wave make the problems apparent. But not necessarily the solutions
Then comes the process of tying to deal with those problems. So long as people have confidence that the solutions have some hope, the economy improves, temporarily.
If dealt with successfully, there will be no second wave and the economy will recover.
If dealt with unsuccessfully, there is a second wave, which confirms the lack of confidence in the solutions attempted.
It is not hard to anticipate what is coming when you look at the success of what we have done.
We have attempted many things to repair the economy, none of which addresses the underlying causes.
We tried tax rebates, which were supposed to avert a recession, they were unsuccessful.
We tried Bail outs when the recession began, they were unsuccessful.
We tried QE1. It was unsuccessful.
We tried economic stimulus in several forms from unemployment benefits, to jobs bills. They were unsuccessful.
We tried QE2, and extending the tax cuts, it was unsuccessful.
We are now trying more FED easing and additional jobs bills. None of these things were successful because none of them address the underlying cause of economic decline which is loss of industries and the jobs that went with them.
Unemployment and economic deterioration continue to grow.
Depressions come as admission that all attempts to end economic decline did not work.
That is the point we are approaching.
It is also prudent to note that the second wave of a depression is usually worse than the first.
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