so when does it all come crashing down?

[Joshua G]

i've been waiting & waiting for the USA & globalism to crash. all these survivalists, preparing to return to the jungle.

starting to seem like the economy itself is too big to fail. it is enduring all sorts of insufferable imbalances in taxes & representation in terms of the 99% vs the 1%.

giant, unending trillion dollar deficits. outsourcing & globalizing unskilled labor. historic congressional dysfunction. taxes on cap gains far lower then workers who actually make the product, deliver the customer service. a health care system that is a corporate monopolistic leech. wall street algorithyms & derivatives crashes.

so is this whole thing gonna crash or not?

[BIGTYMER]

Nope. But the world ends in 2012 so it doesn't matter anyway.

[AllAboutCams]

Originally Posted by BIGTYMER

Nope. But the world ends in 2012 so it doesn't matter anyway.

Thats what im betting on

[Rochard]

I am ready for it. I have a four wheel drive truck, camping gear, and enough food to last my family for a year. I also have a small arsenal.

Seriously, I don't see this as "crashing" at all. Ever. Capitalism is the ultimate motivator. Even if it was to come crashing down in the morning, thousands of people would see the chance to make a lot of money and then step in to fix what's broken.

[BIGTYMER]

When the shit hits the fan it's going to be a warzone..

Food shortages, murders, robbery, rape, kidnapping, you name it.

Just think of Katrina on day 2.

[SiMpLe]

Originally Posted by BIGTYMER

When the shit hits the fan it's going to be a warzone..

Food shortages, murders, robbery, rape, kidnapping, you name it.

Just think of Katrina on day 2.

and ZOMBIES!

[xNetworx]

Originally Posted by SiMpLe

and ZOMBIES!

[BlackCrayon]

its never going to happen they way the fear mongers claim. for every loss in one place there is opportunity in another.

[NaughtyRob]

I think our allies won't let us fall.

[epitome]

Every country is in over its head including China. The US or other key countries crash and the world economy collapses. Everybody is willing to look the other way because everybody has skeletons in their closet.

[DWB]

Originally Posted by joshgirls

i've been waiting & waiting for the USA & globalism to crash. all these survivalists, preparing to return to the jungle.

starting to seem like the economy itself is too big to fail. it is enduring all sorts of insufferable imbalances in taxes & representation in terms of the 99% vs the 1%.

giant, unending trillion dollar deficits. outsourcing & globalizing unskilled labor. historic congressional dysfunction. taxes on cap gains far lower then workers who actually make the product, deliver the customer service. a health care system that is a corporate monopolistic leech. wall street algorithyms & derivatives crashes.

so is this whole thing gonna crash or not?

If you want to see how it all plays out, study history. It doesn't end well.

However, according George Soros and several other financial moguls, the US economy already crashed. They have just been injecting money into it to keep it on life support. How long it will live on life support is anyone's guess. It's really up to those who are buying our debt. But when they stop buying it, the music stops.

QE3 is coming soon, which means they are going to print more money, which means the dollar is about to be devalued again, which in turn makes buying it less attractive, and you'll see more countries and investors turn back to precious metals instead of the dollar. Though, my guess is we still have a ways to go before people stop buying US debt and the dollar totally collapses. They will milk the system for all it's worth first.

[sperbonzo]

Originally Posted by DWB

If you want to see how it all plays out, study history. It doesn't end well.

However, according George Soros and several other financial moguls, the US economy already crashed. They have just been injecting money into it to keep it on life support. How long it will live on life support is anyone's guess. It's really up to those who are buying are debt. But when they stop buying it, the music stops.

QE3 is coming soon, which means they are going to print more money, which means the dollar is about to be devalued again, which in turn makes buying it less attractive, and you'll see more countries and investors turn back to precious metals instead of the dollar. Though, my guess is we still have a ways to go before people stop buying US debt and the dollar totally collapses. They will milk the system for all it's worth first.

+1




.

[DWB]

Originally Posted by NaughtyRob

I think our allies won't let us fall.

There comes a point where the USA will be a bad investment, even for China, who is the only country who *may* be able to keep the USA afloat so they can continue to spend out of control and waste money, wage wars, and all the other silly shit we do. They will probably help as long as they can, and they already are by buying our debt, but that won't last forever.

[PR_Glen]

Originally Posted by BIGTYMER

When the shit hits the fan it's going to be a warzone..

Food shortages, murders, robbery, rape, kidnapping, you name it.

Just think of Katrina on day 2.

sorry, not going to happen. You'll just have to continue living the rest of your life just like the rest of us.

hiding under the blankets is a wasted life...

[wehateporn]

Strange activity on the NYSE; the Conspiracy Theorists will say there's inside information of a coming false flag, they will point back to the odd trading just before 9/11.

Hopefully they are wrong, but I'm sure whatever has caused this would make for an fascinating story.

Chaos Strikes The Market, People Suspect An Algo Gone Wild, Knight Capital Plummets 24%
http://www.businessinsider.com/marke...tanking-2012-8

[2012]

[Vapid - BANNED FOR LIFE]

A lot of places on earth deal with the end of the world daily.
It's a matter of keeping the lights on and the stores stocked.

Now some smart countries, they can handle this internally.

It all comes down to population divides and the degree of hatred in my opinion.
Generally speaking, the less multicultural a country is the better it can brace itself as one.

Not racism but tribalism.

[2012]

[DWB]

Originally Posted by PR_Glen

sorry, not going to happen. You'll just have to continue living the rest of your life just like the rest of us.

hiding under the blankets is a wasted life...

In the event of a currency collapse, if they don't send the National Guard into the inner cities as quickly as possible, it will be Katrina v2 x100, because no one will be coming to help them.

[wehateporn]

Originally Posted by DWB

In the event of a currency collapse, if they don't send the National Guard into the inner cities as quickly as possible, it will be Katrina v2 x100, because no one will be coming to help them.

You might know Ben Bernanke made in an interesting speech back in 2002 which some believe hints at what is coming i.e. 40% devaluation of the US Dollar

"The blueprint for what is happening today was foretold in a speech given by Ben Bernanke to the National Economists Club, Washington, D.C. November 21, 2002. There was 5 main points to take from the speech. The first 4 have already happened, the last was if the other 4 didn?t work Bernanke would devalue the US Dollar."

US Dollar To Be Devalued ? Ben Bernanke Already Told US His Plans
http://alternativeeconomics.wordpres...-us-his-plans/

Ben Bernanke (Nov 2002)
"Although a policy of intervening to affect the exchange value of the dollar is nowhere on the horizon today, it?s worth noting that there have been times when exchange rate policy has been an effective weapon against deflation. A striking example from U.S. history is Franklin Roosevelt?s 40 percent devaluation of the dollar against gold in 1933-34, enforced by a program of gold purchases and domestic money creation. The devaluation and the rapid increase in money supply it permitted ended the U.S. deflation remarkably quickly. Indeed, consumer price inflation in the United States, year on year, went from -10.3 percent in 1932 to -5.1 percent in 1933 to 3.4 percent in 1934.17 The economy grew strongly, and by the way, 1934 was one of the best years of the century for the stock market. If nothing else, the episode illustrates that monetary actions can have powerful effects on the economy, even when the nominal interest rate is at or near zero, as was the case at the time of Roosevelt?s devaluation."

[halfpint]

Dont worry the UK will save the day

[wehateporn]

Originally Posted by halfpint

Dont worry the UK will save the day

by closing our borders and deporting all those who manage to sneak in

[Coup]

Crash? No.

It will be a long slow burn into oblivion for us... most likely

[Rochard]

Originally Posted by Terrorist

A lot of places on earth deal with the end of the world daily.
It's a matter of keeping the lights on and the stores stocked.

Funny, I was just thinking the same thing.

However, in the United States, that might be a difficult task.

[Bill8]

Originally Posted by Coup

Crash? No.

It will be a long slow burn into oblivion for us... most likely

this would be my bet as well. a complex set of patchwork declines for the large majority of the population, while a minority migrates to successively smaller enclaves of relatove prosperity.

it's a very complex situation. the money supply and global financialism, with it's corruption and vulnerabilities, is just one small part of the system.

You can use the collapse of the roman empire as a model - it took several centuries before roman technology was lost, and in some areas it was never really lost, just practiced in a much modified and limited form.

people crave apocalypse - a jubilee, when things reset, all debts are canceled, and everything gets stripped down to the basics. It's just not the most likely probability.

now, if you happen to get caught in one of the cities or regions hit by the patchwork collapse, sure, it will feel like katrina, if you want to use that as a model. It;s nit a very good model, an economic collapse is not like a hurricane and flood wiping out basic infrastructure physically, but there will be some similarities.

[davethedope]

Originally Posted by Terrorist

A lot of places on earth deal with the end of the world daily.
It's a matter of keeping the lights on and the stores stocked.

Now some smart countries, they can handle this internally.

It all comes down to population divides and the degree of hatred in my opinion.
Generally speaking, the less multicultural a country is the better it can brace itself as one.

Not racism but tribalism.

Not to go into a long thing, but that opinon is stupid, lol.

Tribes are small and weak.

Empires are multicultural and powerful.

It sounded like you were serious, so I thought you should know.

[bigluv]

Not with a bang, but a whimper

[Vapid - BANNED FOR LIFE]

Originally Posted by davethedope

Not to go into a long thing, but that opinon is stupid, lol.

Tribes are small and weak.

Empires are multicultural and powerful.

It sounded like you were serious, so I thought you should know.

Look out below!

[Vapid - BANNED FOR LIFE]

it is the time people have spent evolving together.

[Vapid - BANNED FOR LIFE]

Iran and Norway are excellent examples.

[Vapid - BANNED FOR LIFE]

They have established a simpatico society.

[Vapid - BANNED FOR LIFE]

Americans might one day realize they immigrated the belligerents of world war 2

[Vapid - BANNED FOR LIFE]

Hey idiots

[Vapid - BANNED FOR LIFE]

Nice move

[wehateporn]

Originally Posted by davethedope

Tribes are small and weak.

Empires are multicultural and powerful.

Interesting thoughts, it is certainly true that a multicultural empire has many strengths. Whereas a multicultural nation can easily fail if it's been mixed too quickly, like what's happened recently in the UK, where multiculturalism is a big fail and would make the nation less capable of responding effectively to crisis. Whereas the longer term mixing in the UK has worked well (given enough time)

[TheSquealer]

Some of you people in the USA need to spend some time in a shitty country with a fucked government and in a fucked economy. Most of you have absolutely no idea what "bad" means

Turn off Jersey Shore, get back into therapy, start taking your meds and hey, get out a little more. There's a whole world out there beyond youtube "we're all doomed" videos. I've lived in a couple countries where the economy totally collapsed. Hate to say it, but they're doing fine. Just a small bump in the road. Even when a country faces total collapse, goods are still needed, services are still needed, people still provide both, jobs are still there, business is still there etc etc etc.

BTW... DWB, I was in Thailand through the Asian economic crisis in 98. 1/2 the hirise buildings in Bangkok stopped construction and were abandoned for years. Thailand was rapidly becoming a regional economic powerhouse at the time and it all evaporated overnight. Thailand and Bangkok did just fine. A lot of construction stopped at once, the currency moved around a lot against others. Retail and commercial property suffered for a few years. Thats about all that happened. The King was still King. The Queen was still Queen. Their Kid was still a drunk and the wheels kept turning because that's exactly what happens. Hardly an apocalypse. But then again, when coup's happen every 4 years, its all relative. ;)

That is all.

[marlboroack]

World will end 1st dude

[ninavain]

Originally Posted by DWB

If you want to see how it all plays out, study history. It doesn't end well.

However, according George Soros and several other financial moguls, the US economy already crashed. They have just been injecting money into it to keep it on life support. How long it will live on life support is anyone's guess. It's really up to those who are buying our debt. But when they stop buying it, the music stops.

QE3 is coming soon, which means they are going to print more money, which means the dollar is about to be devalued again, which in turn makes buying it less attractive, and you'll see more countries and investors turn back to precious metals instead of the dollar. Though, my guess is we still have a ways to go before people stop buying US debt and the dollar totally collapses. They will milk the system for all it's worth first.

+2

[ninavain]

Originally Posted by Terrorist

They have established a simpatico society.

[2012]

http://www.amazon.com/The-New-Depres.../dp/1118157796

[Vapid - BANNED FOR LIFE]

[2012]

Originally Posted by Terrorist

[davethedope]

Originally Posted by wehateporn

Interesting thoughts, it is certainly true that a multicultural empire has many strengths. Whereas a multicultural nation can easily fail if it's been mixed too quickly, like what's happened recently in the UK, where multiculturalism is a big fail and would make the nation less capable of responding effectively to crisis. Whereas the longer term mixing in the UK has worked well (given enough time)

How is the UK less able to respond effectively to crisis and how has a diverse population caused this, ineffeciency?

I'm not from the UK so I don't know.

[wehateporn]

Originally Posted by davethedope

How is the UK less able to respond effectively to crisis and how has a diverse population caused this, ineffeciency?

I'm not from the UK so I don't know.

People are divided by race/religion/culture, these are barriers and cause all kinds of problems; barriers make our team-work less effective. Even the Prime Minister admitted we have a problem.

State multiculturalism has failed, says David Cameron
http://www.bbc.co.uk/news/uk-politics-12371994

[Helix]

The Pocky-Lips is coming.

[theking]

Originally Posted by joshgirls

i've been waiting & waiting for the USA & globalism to crash. all these survivalists, preparing to return to the jungle.

starting to seem like the economy itself is too big to fail. it is enduring all sorts of insufferable imbalances in taxes & representation in terms of the 99% vs the 1%.

giant, unending trillion dollar deficits. outsourcing & globalizing unskilled labor. historic congressional dysfunction. taxes on cap gains far lower then workers who actually make the product, deliver the customer service. a health care system that is a corporate monopolistic leech. wall street algorithyms & derivatives crashes.

so is this whole thing gonna crash or not?

No...there will not be a crash...but there will be a slow continuing decline from our peak years...which will level out over the next twenty to forty years. Where that will leave us in the scheme of things...I won't be around to see.

[Minte]

Brinkmanship (often misused as brinksmanship) is the practice of pushing dangerous events to the verge of?or to the brink of?disaster in order to achieve the most advantageous outcome. It occurs in international politics, foreign policy, labour relations, and (in contemporary settings) military strategy involving the threatened use of nuclear weapons.

This maneuver of pushing a situation with the opponent to the brink succeeds by forcing the opponent to back down and make concessions. This might be achieved through diplomatic maneuvers by creating the impression that one is willing to use extreme methods rather than concede. During the Cold War, the threat of nuclear force was often used as such an escalating measure. Adolf Hitler also used brinkmanship conspicuously during his rise to power.

[Bill8]

Originally Posted by wehateporn

People are divided by race/religion/culture, these are barriers and cause all kinds of problems; barriers make our team-work less effective. Even the Prime Minister admitted we have a problem.

State multiculturalism has failed, says David Cameron
http://www.bbc.co.uk/news/uk-politics-12371994

that is not evidence that applies to economic collapse.

you are applying a rhetorical fallacy, several, actually, but, your primary fallacy in this case is a red herring.

you need to come up with evidence that suggests that race mixing is contributing to economic failures or somehow making responding to economic crises more difficult.

"terrorism" is not a cause of the kinds of economic instabilities we are talking about, and thats what cameron was talking about in that article.

[wehateporn]

Originally Posted by Minte

Brinkmanship (often misused as brinksmanship) is the practice of pushing dangerous events to the verge of?or to the brink of?disaster in order to achieve the most advantageous outcome. It occurs in international politics, foreign policy, labour relations, and (in contemporary settings) military strategy involving the threatened use of nuclear weapons.

This maneuver of pushing a situation with the opponent to the brink succeeds by forcing the opponent to back down and make concessions. This might be achieved through diplomatic maneuvers by creating the impression that one is willing to use extreme methods rather than concede. During the Cold War, the threat of nuclear force was often used as such an escalating measure. Adolf Hitler also used brinkmanship conspicuously during his rise to power.

Excellent post Minte

[Bill8]

Originally Posted by theking

No...there will not be a crash...but there will be a slow continuing decline from our peak years...which will level out over the next twenty to forty years.

why will it level out?