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I've been having some very interesting discussions with ATS members about the hidden politics of economic decline, and the politics of economic depression. (1) You don't have to be a conspiracy theorist to know that it's only a matter of time until financial speculation and commodity speculation result in a crash. (2) Retirement funds will be wiped out. Investments made by honest people who managed to save a few bucks will dry up, leaving them with nothing to show for their willingness to live within their means. (3) The American economy is broken. It has been broken for some time. Liberals and Conservatives alike have been responsible for its decline.
Originally posted by kosmicjack
...more and more I am thinking conspiracy. Everything is just falling into place exactly as predicted. I mean how many coincidences can there possibly be?
I am no economic expert. The demand for oil has gone thou the roof in my short life time. Speculation oil seems to be low risk due to the fact that the general trend of oil prices will remain on the up. Assuming that oil was over priced then the price of oil would be headed for a fall much like the housing market. The larger banks will have to raise the income thrash hold concerning who they give home loans to due to the overall increase in housing prices. Throw in the unhealthy corporate culture that exists and all of this is a long about way of saying that even without over priced commodity's the fundamentals are wrong in some places which can only lead to trouble.
Speculators around the world are playing a dangerous game of betting on the rising price of commodities. It's gotten out of hand when the average consumer faces a daily price change (upward). Does there come a point when speculations becomes piracy?
To which Xpert11 replied: “ . . it would be naive to think that Speculators and supplies aren't in cahoots on some level. Oil has shown that if you have a monopoly the most profitable thing to do is to supply some what less then the market demands. The thing is happening or will happen with food and water. Suffice to say such practices show up a flaw in market based economics. Don before you get started one must recognize the flaws in the system they support in order for improvements to be made.
Originally posted by kosmicjack
I just want to say what an amazing thread this is. Great points all around and a civil discussion. I think the topic will be discussed at large by the MSM and just about everyone else in the coming months and year. This is just the beginning.
We're already seeing items in the news in which people around the world are hoarding rice. The crash of 1929 took most people by surprise. In today's world, we've known this was coming for at least four (4) years. I'm not the only one who has made this point on ATS for the last two (2) years.
It's possible for liberals and conservatives alike to lead us well. Unfortunately, they don't always do so. American government is, in many respects, an exercise in compromise. Elected officials and civil servants are called on every day to make those compromises.
I would suggest that our national decline is tied to our decline as a society, which is manifested in the decline in the quality of our leadership. I very much regret the fact that the "slide" we've witnessed over the last seven and a half years has taken place on a Republican's watch ... but ... the poor judgment we've seen could have just as easily been brought to us by a sitting Democrat with a Dem-friendly Congress. Now, our economy is failing. The worst-case scenario is that this is our last failure. The depression ends up being so bad that the country never recovers . . As Don says, we have a chance to learn from our mistakes. In recent decades, our government has failed to enforce many of the laws it has on the books.