So let's see the powers that be crash the economy worldwide, with the help of the greed of the masses.

1) Eminent doom and financial chaos scenario is created.

2) All the masses to swallow the bait completely before pulling the line hard.

3) Reel in the fish

4) Now point out how deep and dangerous the hook is to the fish

5) Tell the fish, that there is a solution to fix the problem

6) The fish praise and worship the solution.

) Classic cause a problem, but have a solution before you create the problem

So will all of you praise the solution when it comes?



[edit on 8-1-2009 by Realtruth]

I dont know about you guys, but I "put my dollars" into paying the rent and keeping food on my table....thats about all that I can afford to do these days. Whatever is going to happen is going to happen...do you really think that putting your money into Swiss Francs is going to protect you?

Originally posted by PokeyJoe
I dont know about you guys, but I "put my dollars" into paying the rent and keeping food on my table....thats about all that I can afford to do these days. Whatever is going to happen is going to happen...do you really think that putting your money into Swiss Francs is going to protect you?

I think your doing the right thing, and yes whatever is going to happen is going to happen.

As long as you have your health and ability to work, things will be ok, we just can't let the powers that be divide us.

[edit on 8-1-2009 by Realtruth]

I'd recommend reading Schiff's book, "Crash Proof". In regards to what happens to the U.S. economy, Shiff's claim is that it is holding back other economies of the world. Foreign countries continue to finance U.S. debt and consumption at their own expense. Sooner or later they'll decide to invest in their own economies, they'll untie their currency from the U.S. dollar, stop financing U.S. debt, and switch to another currency for the reserve currency. China is already recommending a different reserve currency.

When the Chinese currency is no longer held down, the Chinese will have increased purchasing power allowing them to buy their own products. At this point, the U.S. will no longer be the #1 economic power. On the plus side, with the U.S. dollar down in the dirt, products made in the U.S. will be cheap and perhaps the U.S. will start creating industries and manufacturing jobs that have been out-sourced to such a huge degree.

Originally posted by RetinoidReceptor
As things go on and on and Peter Schiff explains his positions more and more and I think his position is a fallacy somewhat. We will be getting massive inflation and the economy will continue to get worse but it will not be armageddon. The rest of the world is doing the SAME exact things. My economics teacher once was talking about treasuries and she said that they are safe as long as the U.S. government and economy is safe, if it isn;t, well, we are all screwed wherever you are anyway.

Honestly, how can he think foreign stocks of all things would be safe if the U.S. collapsed. It is crazy.

OK, well here is another small economics lesson for ya mate..

When a major economy crashes, the effects are felt in 100% of the World Economies.. they literally erase money that won't be seen for years, production (and the need for production) collapse..

HOWEVER .. and this is a big however..

When a major economy crashes and world wide economies like wise crash, smaller economies only have so much dependence on international trade. Service countries (smaller economies feeding into larger economies) will almost always be producing something of some nature. Be it as simple as agriculture or basic production.. Anyways. The point is, is that economies are measured on growth, and we usually see that in the form of a %. If America Collapses then we will be in a # storm of trouble.. if a country like Lithuania crashes.. well .. it set them back 5 years and they just pick up where they are and continue what they where doing. % wise they will do better then most of the major economies which have to literally readjust their entire economic outlook, way of life, way of consuming, their very identity often has to change. China for instance, has double digit growth, which is unheard of anywhere else in the world, and it is this way simply because China had nothing, then demand shot through the roof.

What Peter is saying, is move money from the major economies into the "emerging" economies, because when it comes down to it, they will in the end produce the largest gains on your investment in the event of a catastrophic economic melt down.

Hope that makes a little more sense as to why you would get out of an American economy into a "smaller" economy when we are all headed for the same outcome.

Another way to think of it...

The higher you are, the further you fall.

Originally posted by questioningall
Easy buy gold and silver and I would especially buy the Chinese yaun now,

Oh good lord, please don't do that.

Buy PMs if you want, but make sure it's physical. Have the coins/bars/etc in your hands.
Don't convert your money to a currency that's #1 pegged to the US$ and #2 used in an economy based entirely on providing for American consumption. That's just silly.

Hi.
I accurately predicted the price of crude would be $30/bbl by years end (predicted months before).
I predicted the stock market, if headed for depression, would hit 5920 by year's end. It did not. Numbers based on prior depression.

The good news: we're not headed for depression. However, we are headed for recession deeper than most have had in their lifetime.

The solution to the problem: increase M1 and M2. Print money.

Why is this a solution? Consider the controls exercised by the Fed Reserve:
Solution for inflation: raise the Fed Reserve rate, make money tight.
Causes of inflation: printing too much money, or economy heating up.

Clearly, we do not have a problem with the economy heating up.
We do not have a problem with inflation.
Simply put, we need to print money.

Why do we need to print money? Every once in awhile, there is not enough money to go around. More is in use, making the economy constrict due to lack of availability of money. Try to get a loan. If it is a problem, it is because money is scarce. Print more.

Printing money can lead to inflation. If we inflate the economy, it will reverse the trend we are in towards extreme recession.

The Fed Reserve has control of the printing of money. They need to "write a check" to the US Treasurer and ask it to print about an extra trillion or two to reverse the deflation and bring it level at zero inflation.

That's the solution. The control is in the hands of the Fed.

The next problem: the money should go through normal channels, and not be "invested" into companies with an expected payback. This makes the government an owner of the company. Simply put, this makes our nation become a socialist country. So, as you see the government purchasing large portions of companies and regulating them, you are seeing your freedoms go down the tube.

You are watching America become a socialist country in your lifetime. I repeat, the money must be printed and issued through normal means, not invested.

America does not have a problem. It has a solution for the world that will stabilize all. Print money now.

Originally posted by Jim Scott

America does not have a problem. It has a solution for the world that will stabilize all. Print money now.

With all due respect, your ending quoted above both shows firstly that you are in denial with the first sentence and secondly that you are one from the Greenspan (what happened to him?) frame of thought who wants to just try and keep the bubble going.

If it was that easy... only if it was.

And what does Peter Schiff have to say about Russia's state?

There were a lot of people saying exactly what he was saying, housing bubbles, etc., etc.

If American's are to blame for buying "consumer electronics" and "new cars" as he describes what is the rest of the worlds excuse for their financial problems? They're having the same problems or worse.

What will happen when the euro becomes useless?

[edit on 8-1-2009 by Electro38]