Originally posted by Quantum_Squirrel
ok .. when this group of elitist have destroyed the U.S.A what then ? why destroy your base of operations?

They're all moving to Dubai.

The comming world government will be controlled from there.

Leviatano that is a horribly negative signature you have about the world ending in 28 days. Cheer up sunshine. Problems come and eventually they do go or get better. Life goes on.

TheMillersdaughter:

I'm glad I'm not rich! Maybe this is the silver lining

Well sounds like all the rich will be pitching tents nearby very soon. Owning your own freehold property will make you rich beyond belief very shortly.

xxpigxx, Yes do blame Bush & co because they allowed a corrupt situation to reign unchecked and now the half wit has no clue how to fix it so he just says he will leave it alone to correct itself.

That's the dead cat bounce theory...

The theory is that if you drop a dead cat from high enough even that will bounce back.

The problem is that Bush allowed a banking system which could create more money than the assets/equity backing which was actually held on account with the banks.

Banks were freed from the requirement to keep a ratio of funds to lending, by their ability to move liabilities off their books, bundle them up as securities and sell them on to other agencies.

The securities they sold were bad loans. That is what caused the so called sub prime collapse.

Numerous banks have almost no deposit backing for their lendings and that is the problem.

The problem was caused not by people who borrowed easy credit dangled in front of them.

The problem was those who knowingly dangled money which had no real asset backing. Bush and his government allowed banks to effectively print their own money by unconstrained creation of counterfeit credit.

This disaster has been brought to the United States by the greed of corporate America and the Republicans in power who allowed this to happen.



[edit on 16-3-2008 by sy.gunson]

[edit on 16-3-2008 by sy.gunson]

Originally posted by sy.gunson
Leviatano that is a horribly negative signature you have about the world ending in 28 days. Cheer up sunshine. Problems come and eventually they do go or get better. Life goes on.

Its from the movie Donnie Darko I just found that quote to be interesting that's all. Since it was played out well in the movie. . Now that I think about it though, Maybe I should mix up quotes so people don't think I'm a downer perhaps.

I just did a small amount of research of the Great Depression of the 1930’s. It seemed it effected quite a few nations and when things became desperate that people started believing in desperate solutions. For example the German regime at the time under Hitler and the invasion of China by Japan to start mines in Manchuria to supposedly bring the world out of the economical collapse.

Another worrisome thing is that what actually did spur the economy after the collapse was the mass production of arms throughout America and other war government funded contracts.

If America does go into another similar depression like the one in 1930 I hope we don’t go into another World War. I’m really over all of this war in the Middle East as it is.

Time will tell, I'm not going to get freaky until I see something more concrete, I might be wrong , but I do remember new years eve 1999, all my friends were bunkered down and I was having a drink and watching the ball drop. That doesn't mean nothing will happen now, but if it does, i have a few goats , a few rabbits , a few chickens , a good garden , and a good rifle, not to mention a pretty defensible position as long as a few neighbors don't mind setting up crossfire at the access areas good to go

Originally posted by In nothing we trust

Originally posted by Quantum_Squirrel
ok .. when this group of elitist have destroyed the U.S.A what then ? why destroy your base of operations?

They're all moving to Dubai.

The comming world government will be controlled from there.

It will be ironic when the rising sea levels flood their ritzy globe shaped islands. Dubai is going to have a problem with the behaviours of the elite jet set. Can't see that working out too good.

[edit on 16-3-2008 by stikkinikki]

I just did a small amount of research of the Great Depression of the 1930’s. It seemed it effected quite a few nations and when things became desperate that people started believing in desperate solutions. For example the German regime at the time under Hitler and the invasion of China by Japan to start mines in Manchuria to supposedly bring the world out of the economical collapse.

The great German hyperinflation was well before the 1929 depression commonly called the 1930s depression.

In Germany it was caused by impossible war reparations payments demanded from the victorious WW1 allies (treaty of Versailles)

In Germany it was so bad that people with wheelbarrows full of cash could not buy bread.

Zimbabwe under Mugabe has the same Hyperinflation right now.

This current crash could unless Bush pulls finger and does something real become every bit as bad as the great depression of 1929.

Yes it did affect the world outside USA, but now because oil is traded in US dollars and everything in commerce is so interconnected, there is a real risk it will drag down all western economies.

Even China is so exposed that it will even affect them.

Investing into gold is too late. It's already way too high and it will stop soon around 1100USD. So, you would not win anything with it. Invest into food would be better. Canned ones. Maybe invest into jewels is the second best option.

As I see, it will not take too long to see a mighty collapse. At least I was already prepared for it. So I have nothing to loose.

I was just wondering.. If the economy collapses and we sink into another great depression, who exactly will be accepting gold for payment or exchanging it for usable currency?

I'd think the banks would close their doors like they did in the 30's, the FDIC will not have the funds to backup their gaurantees on anything, and people with gold will be in the same boat as people with valueless US dollars.

Who would be willing to trade valuable commodities like food, medicines or services for it? I guess if they believed things would right themselves quickly they might, but the depression lasted 10 years 1929-1939. What will these people do in the meantime to survive?

Maybe I just don't understand how the buy gold thing works.. Can somebody explain it to me please?