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reply to post by mbot222000
We still have to get through this credit crunch, the housing / mortgage issue and the election. People will need to tighten up and look at how they spend their money.
Originally posted by FX44rice
If one has a lifestyle of living paycheck to paycheck their only option is to try to maintain their employment, pay down debt, and try to reduce living expenses approx 20% to 30% or equal to the level of inflation we will ultimately see.
Originally posted by bruxfain
When I was in school I was to be one of those people who studied my lessons, did my homework and performed well on tests. I always wondered what happened to the classmates of mine who blew off their lessons, didn't do homework, cheated on tests to pass and ultimately didn't finish much school past high school.
Now I realize that they make videos like the one, I just watched. He touched on all the hot talking points...weak currencies, inflated housing prices, unsustainable consumer-slave based economic systems, psychological impact of economic depression, etc. but nothing of real substance.
He never once commented on agricultural output or processing, transportation or communications. Was there a drought, are crops failing, is livestock being destroyed? Are all of our highways gone, our airports, our seaports, our railroads? Have our cities disappeared? Has the oil been used up? Did our work force disappear or lose all of their skills? Are babies still being born? Is something wrong with our public utilities? Do men and women still enjoy one another? Surely something must happen in these areas FIRST. He only mentioned the housing market because the housing market is the only place there might be a problem.
He only talks about abstractions such as financial markets as if they were real life as opposed to just a reflection of real life as they are.
Financial markets are easily susceptible to every perversion of the human mind and the only thing that a declining or rising market is a true measure of, especially in the present time, is the depravity of people who actively participate in them.
I think that at no time in history has the Dow been as worthless a barometer of the human condition as it is today. And people like the one who made this video are really doing everything they can to infect the REAL WORLD.
The only thing that will probably be completely and unapologetically destroyed in this current upheaval is these markets. The News will stop reporting the Dow, S&P and Nasdaq, as they mean nothing and are contributing to the problem in our society and others. This is where the wealth of nations is arbitraged and hedged away. That's my prediction.
Originally posted by N. Tesla
where is the proof? i see him making predictions but where is the back up? he isn't saying anything that isnt known. he is saying where things will go if things continue. he is not saying unknown. i don't disagree. im jsut saying what its not really anything that could be proven