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Senior Research Scholar at Yale University Immanuel Wallerstein believes that the real economic crisis is still up ahead. According to Wallerstein, last years collapse was its minor version.
The U.S. dollar-based post WWII phantasmagorical world of never having to pay your debts is coming to a close, states financial journalist Max Kaizer to RT.
Originally posted by Rockpuck
reply to post by Maxmars
Eh, well I don't really know what you disagree with me about, I'll take a stab at your question:
Originally posted by Rockpuck
If we can all agree we are in a Deflationary Depression, as I believe we are.. then we can assume that the true effects of the depression will not be felt for many more months. We have seen the economy slow its decline, and the markets 150+ days of rallying .. but once the next season of consumption fails us (christmas) we will see the next stage of the depression: deflationary collapse...
In Deflation based Depressions, the economy is entirely dependant on production. That being said, the only way to turn around a depression is a bottom out, which is usually 80%+ correction of the economy.. severe depression. The economy is dependant on consumption, production and employment.. these are leading indicators, this is one major reason the Gov is screaming for us to empty our accounts this Christmas, because if we don't spendearnings drop, people get laid off... the next stage of the depression, a spiral downward.
So in short, you are correct, the worst is yet to come..
Originally posted by brocket99
reply to post by Redpillblues
It's tough to believe anyone on here when their spelling is such junk.
Originally posted by orionthehunter
If you haven't been laid off or worrying about getting laid off, then you have a 1 in 2 chance of having had your pay cut
maxmars
I want to be told that everything is alright. We've got it all under control. A few tweaks by some career banker somewhere will fix it all up. I need to be directed to 'be prepared to sacrifice' along with the rest of my 'work-to-survive' peers.
Originally posted by pluckynoonez
I love Russia Today, they let their guests speak.
Senior Research Scholar at Yale University Immanuel Wallerstein believes that the real economic crisis is still up ahead. According to Wallerstein, last years collapse was its minor version.
And the immortal Max Keizer on the "slippery slope" that America is on, basically saying that the crash cannot be stopped, only needing a "spark" for the final decent.
The U.S. dollar-based post WWII phantasmagorical world of never having to pay your debts is coming to a close, states financial journalist Max Kaizer to RT.
We are weeks away I believe. The G20 is just one last planning/prep type of situation before this magnum opus of a collapse goes live.
Wow, weeks away, now that's fresh doom!