Global Economic Crash Late July!, page 7

reply to post by Optix

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There is no such thing as "make believe" money.

If you have something and can get a service in return.. you have money.

Paper, rocks, digital numbers.. doesnt matter.. value is what is percieved it to be..

The only reason I would accept Gold.. is because I can sell it and get dollars for it.

reply to post by infinite

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What Ive been fearing is related to your post somewhat. This economic downturn, the price of oil, it could all be intentional by those in power to justify creating the North American Union. The Amero would seem much more appealing to the masses than the dollar, especially as the dollar continues to become devalued. There does seem to be a plan for the North American Union, and perhaps this oil situation and inflation is being purposefully created in order to convince Americans that forming the North American Union is our way out. If americans see an ever-worsening economic situation, they would be more convinced by those in power that the North American Union is economically justified.

-ChriS

There are many books that have been written on this subject over the last 5 years or so. My favorite one is by Paul Krugman and is called The Great Unravelling: Losing our way in the new Century. I'm no economist, but as a small business owner, I've been hit hard by the instiblity of the economy and see bad things on the horizon. Corporate greed and speculation of commodities have alot to do with our current predicament.

How do we fix it? I know alot of you don't want to hear this, but regulation of the commodities market will keep oil and food prices down. Right now, the SEC is not doing its job. They are supposed to be there to keep speculation in check. If we put a cap on CEO's salaries, that will also bring some prices down. I'm all for capitalism, but what we have here is capatilism gone wrong. What brought down the Roman Empire? Greed and overextending its reach. What brought down the Soviet Union? Overextending its reach. What is bringing the USA down? Greed and overextending its military. It happens every time a nation reaches for more than it can effectively control.

I posted on the coming depression about six moths or so back (might have been longer)
The Coming Depression has Begun

reply to post by pjsconcrete

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Now its my turn. I agree with you on most of what you say as well. None of that, however is going to happen unless we do something to get corporate dollars out of the electoral system quick.

Deregulating the media (Clinton) has made it harder than ever for politicians who are not hand selected by the corporate interests to attain office.

At this point in time, it is impossible to elect a candidate who would do any of those things. You simply cant get the airtime to make enough voters aware of them.

We have lost a LOT of control over our government in the last few decades. I wonder if it isnt already too late. I have a strong feeling that if we do not somehow block the takeover of the internet by the Corps we are doomed as a democracy for certain.

reply to post by mrsdudara

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I have one of those developments right down the road from me! ..

Several hundred acres of development.. and there is maybe a total of 10 houses, all spread out. The roads wind through nothingness.. construction material spread all over the place, lightpoles and fire hydrants sitting in the middle of the over grown grass.

Then you go down the road the other way, the same company has ANOTHER huge development for high end homes and then across the street yet ANOTHER huge development for middle income homes..

Both large lots together have maybe, maybe 10 houses.. maybe..

We where looking at condominiums a few months ago before decideing to flee the state, (moving to oregon from ohio) we would drive into a newly built condo community and 90% had for sale signs... and they where sitll building new ones!

The only good news I can find is the house prices keep dropping where we are looking. Now the houses we are choosing between are well within our price range for such a young couple.

It will pick back up though, eventually.

It is kinda creepy though, huh?

demetre:

I have talked to several small business owners going under, and several workers from big corporations who lost their benefits (I help people get insurance)

A friend of mine worked at Lexis Nexis... get this..

Lexis Nexis here in my home town invited a few hundred to a nice dinner.. gave them a nice talk, a nice dinner, open bar, liquored them up. She said it was a really nice affair. Then the police showed up out side. And the company told the entire audience... Your Fired.

From what she said, the police where needed.

reply to post by mrsdudara

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Here are some pictures that i think summarize what you are talking about







I had a really hard time finding these pics and any related articles about this. I know this problem does exist but there is very little material on this subject. They are trying real hard to keep this from being public. By all means take these pics.

reply to post by metaldemon2000

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Your pictures don't work..

Originally posted by duffster
reply to post by zerotime

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I really think you should look around you and take a good look at what's going on before it hits you in your face This is not a personal attack i'm just trying to point out that the Sh** it going to hit the fan very soon and you need to see the train coming down the track

I can give you the reasoning behind why I think the economies are going to turn for the better over the next couple years. I work with a company that is a major supplier of refractory products. If you don't know what refractory products are google them - but it is a core of the steel industry. My company has been in business for about 50 years and they have studied and marked the signs of bull and bear economies. Right now, when everyone is crying about the economy my company has just done their 4 straight record profit month. I have been so busy that I have barely had time to read or post in that time. My employee owned company has about 450 employees and we are doing 140 million/year in sales. We deal with over 11,000 other companies (our customers) worldwide. Of those companies less than 5% hard having problems and the rest are booming - and I mean BOOMING. This is an excellent indicator that the markets are turning upward. This recent push is a huge increase in production and sales over the last 4-year period. People who have been in this company since its creation have never seen anything like this before. If these indicators are correct the next 2 to 5 years are going to be very positive for thousands of companies which are the backbones of their nations economies.

On a side note and not surprisingly my company is also looking to get into the oil game. The profits are ridiculous.

reply to post by behindthescenes

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I would like to call out the OP on this post. Rick Flair says " to be the man you have to beat the man". I see all those stars and flags on you post and I don't see any on mine.
In other words, I don't think much of you predictive skills, but I don't want to make this personal. I will tell you exactly what will happen in July. I hope some of you characters who can read can also remember.
Here goes. 1. the US stock market will test the 11,500 level and will seem to hold, and
2. the minimum wage will go up
That's about it. OK people, try to remember who the absolute numero uno predictor of the site is and will forever be. Take care------------------PC

reply to post by Perplexed

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How about this for an Obama conspiracy. The same people that are supporting Obama are behind the vicious assault upon American economy. Specifically, the dollar, the stock market, the job market and oil prices. Americans dissatisfied with the current economic situation vote for Obama, who is owned by the darkness, and they stop their attacks next spring sometime after January 20. Obama is the young superstar, once in a lifetime leader the idiots need him to be.

Here's some more. The people who brought you Obama are the same group behind enemy in the war on terror. Obama wins, they stop with all the hijackings and suicide bombs. Obama gets credit for ending the war on terror.

You are right people are stupid. I would rather fight this war until the stars burn from the sky before I watch Obama in the White House. I want some of the same old.

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