01-03-2013, 05:30 PM
|
#1
|
|
Premium Member
Join Date: Jun 2009
Posts: 6,389
|
How Bad Is It Going To Get?
The coming crash?
We're borrowing over 40% of what the Federal govt is spending.
With debts and liabilities exceeding the GDP of the world, at the least.
Think there is going to be some kind of magical "recovery" and everything is going to be great again?
We see cities going bankrupt, states on the verge of it, and the Federal govt printing money like mad to pay its debts, which will eventually cause the dollar to collapse if it doesn't stop.
Where is it going to end?
Social unrest and riots degenerating into a police state?
Nations going to war fighting over scarce natural resources?
With nukes?
What?
Anyone in the mood to laugh at we "the sky is falling crowd" now?
Almost everyone I know with a brain is preparing somehow, even if it means leaving the country.
|
|
|
01-03-2013, 06:02 PM
|
#2
|
|
VIP Member
Join Date: May 2009
Posts: 4,577
|
Quote:
Originally Posted by Burke
Anyone in the mood to laugh at we "the sky is falling crowd" now?
Almost everyone I know with a brain is preparing somehow, even if it means leaving the country.
|
Still laughing at you.   Don't let the door hit you on the way out.
Signed,
America
__________________
The nicest guy on GC! 24 in a row here we come!
|
|
|
01-03-2013, 06:24 PM
|
#3
|
|
Premium Member
Join Date: Jun 2009
Posts: 6,389
|
Yes, but when we all leave, who are you going to leech off of then?
|
|
|
01-03-2013, 06:27 PM
|
#4
|
|
VIP Member
Join Date: Apr 2007
Posts: 22,703
|
Quote:
Originally Posted by Burke
Yes, but when we all leave, who are you going to leech off of then?
|
Exactly...you never miss a billionaire...until he's gone.
|
|
|
01-03-2013, 06:33 PM
|
#5
|
|
Heisman Winner
Join Date: Aug 2007
Posts: 7,398
|
Quote:
Originally Posted by Burke
Yes, but when we all leave, who are you going to leech off of then?
|
You seem to forget that U.S. foreign policy is a reflection of U.S. domestic policy. When there's nothing left to leech at home, they'll simply print up the necessary funds and inflate the money supply enough to use the U.S. military as a mechanism to leech off of foreigners, as it currently does now on behalf of U.S. corporations. You can't get away. They'll simply claim that the country you live in is harboring illusory Al-Qaeda terrorists, the bombs will fall, mercenaries will move in to enforce U.S. demands, and you'll have to leave again.
Leeches know no boundaries and have all the angles figured out.
|
|
|
01-03-2013, 06:49 PM
|
#6
|
|
Heisman Winner
Join Date: Apr 2007
Posts: 6,915
|
Someone gets to live out their Mad Max fantasies. The Mayans were only off a few months.....
|
|
|
01-03-2013, 07:04 PM
|
#7
|
|
Heisman Winner
Join Date: Apr 2007
Location: Washington D.C.
Posts: 5,743
|
I'm hearing a lot more talking about leaving the U.S. lately (lately being since 2006.) I'm not sure where it's worth going. I've lived in 3 other countries, 2 on different continents and can't say that elsewhere is better, or even comes close most days. I'm holding my ground here.
|
|
|
01-03-2013, 07:09 PM
|
#8
|
|
Moderator
Join Date: Apr 2007
Location: Gainesville, FL
Posts: 13,014
|
Thevenusproject.com
__________________
"What lies behind us and what lies before us are small matters compared to what lies within us."--Emerson
"It is no measure of health to be well adjusted to a profoundly sick society.
Jiddu Krishnamurti"
End the FED
Become debt free!
|
|
|
01-03-2013, 07:09 PM
|
#9
|
|
Premium Member
Join Date: Jun 2009
Posts: 6,389
|
The question, really, is how bad is it going to get?
Think we will ever recover?
If so, why?
|
|
|
01-03-2013, 07:23 PM
|
#10
|
|
Gator Country Silver
Join Date: Sep 2007
Posts: 10,482
|
Rates will rise, dollar will collapse, inflation will kick in big time.
Gas lines, bread lines, entitlements eliminated...
|
|
|
01-03-2013, 07:41 PM
|
#11
|
|
Heisman Finalist
Join Date: Jan 2010
Location: Inside your head.
Posts: 3,906
|
Buying small denomination, circulated silver coins (dimes, quarters, halves) as a hedge against inflation. It's gonna be hard on fixed income Americans who receive their pensions in dollars. They will be driven into the arms of the mother state.
__________________
|
|
|
01-03-2013, 08:16 PM
|
#12
|
|
VIP Member
Join Date: May 2009
Posts: 4,577
|
It has gotten slowly better since 08 and it'll continue to do so. We still have a lot of ground to make up from the tech and housing busts. We face big challenges with an aging population and increasing resource contention from emerging economies, but it's nothing we can't - and won't - overcome.
__________________
The nicest guy on GC! 24 in a row here we come!
|
|
|
01-03-2013, 08:46 PM
|
#13
|
|
Heisman Winner
Join Date: Aug 2007
Posts: 7,398
|
Quote:
Originally Posted by bluelang
It has gotten slowly better since 08 and it'll continue to do so. We still have a lot of ground to make up from the tech and housing busts. We face big challenges with an aging population and increasing resource contention from emerging economies, but it's nothing we can't - and won't - overcome.
|
What's better about it, exactly? We have all the same wars, occupations, an encroaching police state, surveillance, debt, inflation, trade imbalances, drone attacks, government corruption and scandals, and a basket case economy based on consumption rather than production.
What kind of fantasy world do you live in where everything is better?
|
|
|
01-03-2013, 08:50 PM
|
#14
|
|
Premium Member
Join Date: Jun 2009
Posts: 6,389
|
"Overcome" the problems.
How?
More rape the rich?
Money printing?
That's what I'm expecting.
Dems get power by demonizing the rich, screwing things up worse, demonizing them more, screwing it up even worse . . . and on and on, etc .
Class warfare here long ago degenerated into every kind of interest group warfare possible. Everyone fighting over whose ox should be gored.
Who is going to be working and producing?
It's going to get ugly.
Just like the Left has always wanted.
We'll need a police state to control it all, they will be claiming.
Just watch.
The Dems WANT a crash.
|
|
|
01-03-2013, 09:15 PM
|
#15
|
|
Heisman Winner
Join Date: Aug 2007
Posts: 7,398
|
Quote:
Originally Posted by Burke
The Dems WANT a crash.
|
Indeed.
Rahm Emanuel:
"Never let a crisis go to waste."
This is the mindset of these people. A crash means they'll be able to reform America and to consolidate government power, just as the Great Depression was engineered to allow.
But you're fooling yourself if you think this is only coming from Democrats. The political system in this country is a two-headed duopoly that works to pursue the same agenda. Just take note of how Barack Obama campaigned in 2008 on being the anti-Bush and changing the climate in Washington from what it had been for the previous eight years, and then how, once elected, he basically carried on with all of Bush's policy agenda. It was a completely seamless transition because there was essentially no change in government. The only think that changed were the smiling, nodding faces.
|
|
|
01-03-2013, 09:16 PM
|
#16
|
|
Premium Member
Join Date: Jun 2009
Posts: 6,389
|
"The U.S. economy is lost, full stop. No matter what happens, you know? Whether the clowns in Washington make it worse or better, it`s irrelevant.
"America is now the largest debtor in the history of the world. We are increasing our debts at over 1 trillion US dollars every year. This is not going to be fun. - in BBC
"Related: SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 ETF (SPY)
"Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC."
http://jimrogers-investments.blogspo...-lost.html?m=1
|
|
|
01-04-2013, 08:05 AM
|
#17
|
|
Gator Country Silver
Join Date: Apr 2007
Posts: 10,968
|
Ain't skeered. Won't be moving out of state, must less out of nation. They can only kill me once, no matter what they use...
__________________
"In a moment of decision the best thing you can do is the right thing. The worst thing you can do is nothing."
Teddy Roosevelt
|
|
|
01-04-2013, 08:12 AM
|
#18
|
|
VIP Member
Join Date: Apr 2007
Posts: 55,319
|
I won't leave, I will just restructure so as to give the guvment as little of my money as possible
__________________
And that's a First Down!
|
|
|
01-04-2013, 08:32 AM
|
#19
|
|
Heisman Finalist
Join Date: Apr 2007
Posts: 4,309
|
Quote:
Originally Posted by ThePlayer
Exactly...you never miss a billionaire...until he's gone.
|
Billionaires are usually quite valuable, but I think this board has the wrong idea about why. It has nothing to do with the money, which is just a pile of IOUs. The reasons that they are valuable are the things that they exchanged for the money. That is where the value is.
__________________
It is in the admission of ignorance and the admission of uncertainty that there is a hope for the continuous motion of human beings in some direction that doesn't get confined, permanently blocked, as it has so many times before in various periods in the history of man.
-Richard P. Feynman
|
|
|
01-04-2013, 08:42 AM
|
#20
|
|
Premium Member
Join Date: Jun 2009
Posts: 6,389
|
Seems like most here are a herd being led to slaughter.
One poster declares boldly that we shall overcome, but makes no suggestions how.
The solution is a free market revolution, but outside Objectivism, virtually no one is saying that.
|
|
|
| Thread Tools |
|
|
| Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is On
|
|
|
|
|