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Old 10-16-2021, 12:13 AM
 
6,205 posts, read 7,437,380 times
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Yes, if you repeat it enough times. Are you interested in an economic collapse? So many questions are being asked all tge time! If you keep asking every minute and others echo you, the economy will head that way. Regardless of your politics, I don’t think any American has interest to see this scenario at play.
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Old 10-16-2021, 12:40 AM
 
Location: Orange County, CA
4,893 posts, read 3,342,517 times
Reputation: 2956
Quote:
Originally Posted by sub View Post
um, yeah I think we are.

or we're just about there.

the concept of money has become... elusive?
what is it other than numbers on a screen?
that being the case, what's to stop us from hitting the delete button and starting from scratch?

the government seems not to care about spending ungodly sums of money that isn't backed by anything substantive.
it's like they know something we don't know, and/or maybe they're really that dastardly.

best case scenario might be to find new ways to value goods and services that work better with those numbers on a screen, or perhaps not even involve them.

we might be making our lasts grasps of clinging to a dying or dead system.

it's what lies between the old and the new that we might should be a little concerned about. maybe disconnect from the new too, assuming it could be worse.



edit: oh yeah, the Great Reset.
that's definitely something.
Looks like the "gold bugs" were right all along.

We need to go back to using gold, silver or some other physical commodity instead of the fake make-believe "money" that only exists as 1s and 0s on a computer.
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Old 10-16-2021, 12:41 AM
 
Location: Orange County, CA
4,893 posts, read 3,342,517 times
Reputation: 2956
Quote:
Originally Posted by miquel_westano View Post
Yes we are, and not just because of biden. The USA is so far in debt the only eventual out come is default. If you had a household monthly income of $5000 and spent $6500 every month, sooner or later you would collapse. The outcome would be delayed by your credit, your savings, your assets that were liquid and how many people believed you would turn it around. But, unless you changed your numbers to a positive balance, you would eventually go broke.

Politicians blow smoke about a balanced budget. Well that ship sailed years ago. When you are trillions in debt, a balanced budget means nothing. Balanced doesn't pay off debt, and debt will eventually collapse us. I bet you would be shocked to see how much the wealthy in this country have converted their cash from U.S. currency into gold, silver, and other much more solid forms of wealth. They are buying property, especially farmland at record rates.

The reason our crazy spending has picked up? The politicians know the country is going down. They are looting everything they can. When we collapse, it wont be pretty like the depression. The true contempt the elitist and mega wealthy have for the common man/woman will come out. As technology has replaced the value of a strong back and willingness to work, it has eliminated the need the wealthy have for the poor and uneducated. The poor are clamoring to bring more power to the very people who will eventually kill them.

Look at any country that was taken over by socialist. They weed out the poor, then middle class, and finally any who do not serve the needs of the wealthy. Russia, China, Uganda, Cambodia, and every other nation that fell to socialism did so due to a financial collapse. Everyone of these new regimes then began purges. They eliminated the poor who assisted the new leaders in the takeover. The people who thought they would be given free food, housing and healthcare as a reward for their help were slaughtered. The elitist don't share with commoners, they always renege. It is coming here and sooner, not later.
The true goal of Communism. Complete totalitarian control; no other ideology comes even close to the evil and brutishness of it.
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Old 10-16-2021, 12:45 AM
 
10,130 posts, read 19,831,056 times
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Economic collapse, haha, your mind is still in 2020.
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Old 10-16-2021, 01:36 AM
 
Location: Unperson Everyman Land
38,619 posts, read 26,288,811 times
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Quote:
Originally Posted by Retroit View Post
I believe it will, but as long as the government keeps pumping trillions of dollars into the economy, it will be delayed. The longer the collapse is put off, the worse it will be.
This^^^

Except for a few years (2001-04), I'm making more per hour now (adjusted for inflation) than ever before and I can work all the overtime my body will stand, so income isn't a problem.

But this is very much like the late 1970s in the sense that everything costs more all the time, so it's impossible to just sit on money.

This constant movement of money causes even more inflation as everyone tries to spend their cash before it loses even more of its value.

This is where we are, and it would seem we are just getting started down this road.
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Old 10-16-2021, 02:26 AM
 
Location: 404
3,006 posts, read 1,481,361 times
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Quote:
Originally Posted by Lycanmaster View Post
We need to go back to using gold, silver or some other physical commodity instead of the fake make-believe "money" that only exists as 1s and 0s on a computer.
The world doesn't have enough gold to use as global currency. Old silver coins may stay in circulation while newer junk metal coins are scrapped, but most trade is likely to be barter: what we have or work we do in direct exchange for what we need.
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Old 10-16-2021, 04:08 AM
 
Location: Free State of Florida
25,410 posts, read 12,537,298 times
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https://tradingeconomics.com/united-...mer-confidence

See bar chart in this link...consumer confidence has declined since its last peak in April. August, September, & October were particularly weak.

Not good.
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Old 10-16-2021, 06:49 AM
Status: "I must be “really retarded”" (set 4 days ago)
 
19,864 posts, read 20,602,712 times
Reputation: 16510
It’s coming for sure. 100%.
If you don’t see it you are a moron.
Or loaded with a stash of money and don’t care either way.
It’s unfolding in real time right in front of our eyes. But idiots still believe “meh everything will be alright”.
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Old 10-16-2021, 06:56 AM
 
45,676 posts, read 23,903,451 times
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Economists have been predicting a recession before the pandemic.

I would have argued the same before the pandemic.

BUT -- did we get forced into that recession last year.

The inflation is being caused by a surge in demand. People want to spend money -- they want the goods -- all the goods. But the infrastructure to deliver those goods is struggling to keep up.

Back up of shipments to the USA because of weather, the Suez Canal blockage, labor issues globally caused by the pandemic,

Then here -- a shortage of truck drivers that was there BEFORE the pandemic means the record breaking volume of goods being delivered to ports can't be delivered to the distribution centers in a timely manner.

So people are willing to pay more because they just want the stuff.

If we can fix the supply chain issues -- people get their stuff -- will we see a recession?
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Old 10-16-2021, 06:59 AM
 
Location: Free State of Florida
25,410 posts, read 12,537,298 times
Reputation: 19006
Quote:
Originally Posted by hotkarl View Post
It’s coming for sure. 100%.
If you don’t see it you are a moron.
Or loaded with a stash of money and don’t care either way.
It’s unfolding in real time right in front of our eyes. But idiots still believe “meh everything will be alright”.
The stash of money had better not be U.S. dollars or stocks, bonds, & other paper investments. If a "free-fall economic collapse" occurs, this paper will become worthless really fast.

You'll want to be debt free, have a paid-off roof over your head, a stockpile of silver/gold coins in small denominations ($50 optimal), a stockpile of food, & ways to protect it all.

The top 1% have offshore bank accounts & homes to escape to. They'll vanish overnight.
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