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Originally posted by diabolique
reply to post by getreadyalready
This economic crash was a long time coming, and frankly, it's a corrective for all the corruption and excess over the past 20 years. People's eyes are finally being opened. The money we THOUGHT we had was all an illusion. The easy availability of CREDIT and artificially inflated stock and real estate prices just masked what was really going on. Now that credit isn't so easy to obtain, people are finally realizing that their wealth was illusory. Now it's time to get back to basics. Real jobs. Real money. Government that actually WORKS for US!
Originally posted by Doc Velocity
I beg to disagree with the OP. The only areas of the economy that are failing are those in which the central government has interfered in the past, a solid indication that our increasingly socialist government has no idea of what it's doing when it comes to free market capitalism.
The USA is a capitalist nation, built its superpower status on capitalism. That nation cannot survive with socialists interfering to micromanage and regulate the markets.
There are areas of business that remain untouched by this socialist-wrought "recession" — the pharmaceutical industry, for example, and its associated industries are enjoying some rather bullish returns, and the graph is still tracking upward for the foreseeable future.
I mean, damn, my wife contracts for the pharmaceutical industry and she's getting a 35% bonus this year — that's 35% of her yearly income, in one check, as a bonus. We haven't felt the so-called recession at all.
It's true, President Hussein's tax-and-spend socialist administration is killing capitalism and chasing business out of the USA, but I have faith that American socialism will go the way of all socialism — into the fossil bin of failed politics. Freedom will prevail, even if a few heads have to roll.
In the meantime, everybody needs a bottle of aspirin or a Valium nightcap. Follow the prescription drug market and you won't go far wrong. My wife thanks you and I thank you for your unswerving patronage.
— Doc Velocity
[edit on 6/18/2009 by Doc Velocity]
Originally posted by redoubt
Originally posted by Tentickles
This is a warning for everyone who reads ATS.
I can say the next comment without worry I will be wrong at all. I know this to be true
The economy is going to crash. Starting the fall of 2009. The signs will be hard to see at first to the normal man or woman but it will start.
[edit on 6/18/2009 by Tentickles]
You may be right, I may be crazy. But even though you 'know' all of this... I am not quite ready to run and hide in the root cellar just yet. And even if the economy crashes, burns and goes to heck in a pic-a-nic basket (eh, boo boo?)... it just seems pointless to curl up into a fetal position and chew my toenails.
It would seem a far nobler endeavor to tell people that they can survive even in the worst of situations with a little work (gardens, wells, etc.).
Best wishes regardless
Now that you mention being able to survive. Why do you think the blogs and forums for survival preparation are growing exponentially?? Many regular everyday people don't need to be told we have a train wreck coming. Common sense has already told them that. And if you haven't already got a good jump on preparation, your're just about screwed. Times a wasting.
Originally posted by mapsurfer_
Sad but true... My economic indicator is the price tag or value of something. How much does it cost me to fill up my gas tank, or eat dinner. It is outrageous the price of food these days. Just spent $100 getting a few items for a dinner... I get like 2-3 bags that are consumed in nothing flat (like 1 meal). The global economy evolved into a no-barter system so people and resellers cannot get a good deal anymore. The value comes from peoples ability to sell something and still make a profit. When the big dogs get greedy, and cut out the middleman, everyone suffers.
Originally posted by marg6043
In that thread is plenty of information and analysis from all kind of sources.
America is facing the biggest job market crash in history and all the government is doing is sugar coating the results of their data.
Without a job source is not taxable income to support the government spending, borrowing and deficits become unsustainable (as per Obama own words) and a nation path to collapse becomes imminent.
But in America the nation of consumers and big spenders is hard for regular people to see this, but as the credit card crunch and the job lost keeps getting to everybody near you, soon you will also feel the urgency.
In six months Obama has pledge 1.8 trillion dollars to fix the economy but all you see so far is the fixing of the markets so they can survive.
Nothing else is been done as money is needed for anything else, money that America doesn't produce but rather prints in the treasury department.
The bond market is not healthy China is lowering the amount of bonds it used to buy due to the dollar falling.
The way the deficit is growing and the faster is grows will render bonds worthless.
Originally posted by venividivici
reply to post by Tentickles
Shoudn't this be in the prophesy forum so we can later laugh at the claim.
The fact is that foreign countries ARE buying US Treasuries and there is no evidence other than Gerald Celente and the Webbot fear mongering to back up a statement that the economy will crash.