(super off topic)

Doesn't the bible say somewhere that grains will cost two days wages or something?

Edit:

Revelation 6:6

Then I heard what sounded like a voice among the four living creatures, saying, "A quart of wheat for a day's wages, and three quarts of barley for a day's wages, and do not damage the oil and the wine!"






[edit on 2-1-2008 by Dulcimer]

To add to that idea also from the bible

(New International Version)
New International Version (NIV)
Copyright © 1973, 1978, 1984 by International Bible Society
Mark 13:20
If the Lord had not cut short those days, no one would survive. But for the sake of the elect, whom he has chosen, he has shortened them.

If the coming period is prophesy fulfilled......all forms of misery lie ahead.

I hope this is not a dumb question, but I've always thought the process (simplified) was Recession, then the Depression, then WAR.

Does anyone believe or even see these current events leading to this process of Recession, Depression and ultimately War?

well here comes the war and the amero! Scary that ww2 was recession, depression and war not good at all since we cant mass produce any of the new tech, a very scary Idea indeed.

Think of the economy this way. X people produce X services and goods, there is also X dollars floating about. If you either decrease the production of services and goods, or increase the amount of dollars, then the amount of services and goods represented by the dollar, i.e., the value of the dollar, declines.

We've poured massive resources into a war that has killed and maimed hundreds of thousands while simultaneously increasing the consumption of oil, and reducing the production, and all of those resources didn't go into producing goods and services.

So now why is it a big mystery that the value of the dollar takes a dive?

Look at what happened at the end of the Viet Nam war after those war debts caught up with us? We were seeing 20%+ inflation.

Now, if we stop making bombs and start making goods, the low value of the dollar will make those goods very attractive on the foreign market, and our trade balance will improve, our debt will lesson, and the dollar will strengthen.

It's all a function of what we choose to do with our human and material resources. We can make things people actually need, or we can make things that destroy people. The value of the dollar will reflect our choice.

I would not put a cent of my money into gold. I don't care how high it goes.

Originally posted by Dulcimer
I would not put a cent of my money into gold. I don't care how high it goes.

You know, back in the day, (around 1850-1860ad) a custom, hand made, out of the finest cloth, shirt cost an ounce of gold.
Today, a fine Italian silk, custom tailored, shirt cost:
an ounce of gold.




[edit on 3-1-2008 by hoppy]

Originally posted by Burginthorn
I hope this is not a dumb question, but I've always thought the process (simplified) was Recession, then the Depression, then WAR.

Does anyone believe or even see these current events leading to this process of Recession, Depression and ultimately War?

In case you've been away on another planet and missed at all, we've been at war continuously since Bush took office. We've spent more on the Iraq war than on WWII.

petrol and diesel in the UK has been around £1 - £1.05 a litre for petrol and £1.05 - £1.10 a litre for diesel for the past month or so (£1 = $2), if you think your pockets are going to be hit hard, feel sorry for us brits over here we already pay far too much and any increase in price will hit us even harder.

Originally posted by Nookster

Originally posted by Burginthorn
I hope this is not a dumb question, but I've always thought the process (simplified) was Recession, then the Depression, then WAR.

Does anyone believe or even see these current events leading to this process of Recession, Depression and ultimately War?

In case you've been away on another planet and missed at all, we've been at war continuously since Bush took office. We've spent more on the Iraq war than on WWII.

I don't see how you can compare the Iraq Campaign to previous wars. What did a loaf of bread or gas/gallon cost during WW2? That's right, a lot less than it does now. Of course with inflation we have spent more on this war than any previous one.

While we are comparing though, we have also lost a lot LESS troops than any other major conflict

This just came out on the MNI wire about the $100 trade.

CRUDE OIL: WTI Nymex crude oil made another attempt at the $100.00
level -- hitting $99.97 high, tracking earlier rise in gold to fresh
record high and following reports of an incident at Germany's Ingolstadt
refinery. WTI Nymex crude contract hit fresh record high at $100.00 on
Wednesday, albeit briefly, with the high print achieved via 1-lot trade
between 2 locals at the Nymex floor, with prices trading at $99.53
before the trade. WTI Nymex crude oil now trades at $99.79.

So it really has yet to break $100, although it seems inevitable.

I wonder when we will see $200?