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originally posted by: stellawayten
Are you serious? Have none of you heard of the Shemittah? This happens every 7 years.Google it.
yup, pretty soon youll be a rabbit stew. Or maybe mr elmer fudd will show up saying "Im hunting wabits" but in reality its martial law while someone in office becomes king rex.
originally posted by: beezzer
a reply to: xuenchen
Rome is burning. It has been for quite some time.
We're just starting to feel the heat is all.
originally posted by: dawnstar
a reply to: ketsuko
don't really have one of them critters either.....
I'm wondering if that isn't what happened, too many buyers stopped buying-- you don't buy if you don't have money, and they are finally realizing that the whole thing is rippling down to even those countries that manufacture along with those that provide the natural resources.
isn't this global economy just grand?? we start with a mild cold and well by the time it's all done and said the whole world has Pneumonia.
Why Raise Rates Now?
The US Federal Reserve is playing with the idea of raising interest rates, possibly as early as September this year. After a six-year period of virtually zero interest rates, a ramping up of borrowing costs will certainly have tremendous consequences. It will be like taking away the punch bowl on which all the party fun rests. .....
.... Why then do the decision makers at the Fed want to increase rates? Perhaps some think that a policy of de facto zero rates is no longer warranted, as the US economy is showing signs of returning to positive and sustainable growth, which the official statistics seem to suggest.
Others might fear that credit market investors will jump ship once they convince themselves that US interest rates will stay at rock bottom forever. Such an expectation could deal a heavy, if not deadly, blow to credit markets, making the unbacked paper money system come crashing down.
In any case, if Fed members follow up their words with deeds, they might soon learn that the ghosts they have been calling will indeed appear — and possibly won’t go away. For instance, higher US rates will suck in capital from around the word, pulling the rug out from under many emerging and developed markets.
originally posted by: MystikMushroom
I wonder when it all crashes down again, if this time private corporations will step in to save us all instead of governments?
Then we'll have one of those corporate dystopian futures like in Robocop ... everything is owned by the "corporation" because they bought it all up and saved us all from economic ruin.
....Why Raise Rates Now?
The US Federal Reserve is playing with the idea of raising interest rates, possibly as early as September this year. After a six-year period of virtually zero interest rates...