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Originally posted by Mobius1974
reply to post by Ben81
When the SHTF... My game plan includes heading straight up through Canada.
I walleye fish on some property we own in Canada every year.. I love Canada...
Originally posted by Ex_MislTech
The Chinese have found they can simply take the massive debt we
owe them and buy our politicians with it.
They can just buy our nation a little at a time.
I guess they read Sun Tze who said the ultimate victory is
when you can win without fighting.
That is how the Loral deal for advanced missile guidance systems was
done, and if you or I had done that deal we would be held for treason
for selling advanced guidance system tech for nuclear weapons to
a communist nation.
So china can take all these nations without firing a shot.
The city of Industry in California is basically their land now.
The port of Long Beach is basically their land now.
They own large shares of multi national corporations with offices
right here in the US.
All the goods that come to the US via COSCO is a never ending
revenue stream for them.
But not only due they ship the goods , they make the goods too.
The working conditions at the Iphone plant are so bad ppl jump
out the windows and kill themselves.
Working conditions that are illegal here are used there to sell us
goods for a lower price, when they should be illegal.
The law should be that anyone selling goods in the US must do so
under the same laws that apply here.
For tickles and giggles they made fake IC chips to put in cisco
routers that ended up in the pentagon and the US government
and had a total back door into all US network traffic.
They did this to other nations as well.
The war is already underway, and they are winning.
The truly hilarious part is all they have to do is buy off our corrupt
piece of turd politicians and they help them subvert our nations.
Based on how most ppl are distracted by bread and circuses
I might even go so far as to say the war is over, and we lost.
[edit on 28-8-2010 by Ex_MislTech]
Originally posted by bluestar.ranch
Originally posted by jrmcleod
Originally posted by SaturnFX
I am of the opinion that the US needs this...we need to go flat broke...lose absolutely any and all ability to do anything, from a complete breakdown of governmental systems, to whatever else it takes.
At that point, the last straw will fall, and we will have to slash our military budget to a fraction..after living a couple years with no troops abroad, no weapons being invested in, etc etc etc, and living in general peace, we can rebuild without the concept that we need a hyper inflated military budget...just a tiny token force of nerds and robots to protect the homeland and that is it...let the rest of the world sort out their own problems and stop trying to find enemies to test new tech on...pretty simple.
If thats what it takes for America to start walking in the right direction, then so be it unfortunately.
Its not just this that needs to change in the US, its the US dream that needs to change. The dream that they are incharge and the best at everything. They are only percieved to be the best and strongest because they hide behind money. Its the American people i feel sorry for, they have been led down the rocky path of "live completely outta your means, live the hollywood dream".
What needs to happen is all world economy crashes, there is a world war to sort out all the crap and get rid of all governemts, we then retreat to our own plot of land, farm, trade and live in harmony without ever ever ever leting a king, governor, mayor, president or prime minieter ever be elected again.
Here here! well put... I am sooo rich rich RICH... ...living on my small farm... I would not trade the fresh air, birds singing.. roosters crowing, the train whistle all night... running creek...fresh canned food and eggs , well water, (no floride) home grown beef and chickens to eat.... well you see the picture. who can compare this to ANY mall, TV, or material items.....My life changed from a six figure city income to a poor country bumpkin when I "lost it all".... But I feel richer than ever.
God Bless USA and what is coming... We all need to get prepared and have a plan....
Originally posted by prophecywatcher
This is interesting because the time wave project shows a steady decline in the economy up until the end of the year and a sharp drop off in January that surpasses levels we have never seen before. I don't have the link but you can check it out on Youtube.
The United States of America is racing towards ruin at breakneck speed and her captain, President Barack Obama, seems blissfully ignorant of the peril he is piloting the nation towards.
As Obama traveled the country to beg Americans to vote Democrat last week, new images of the RMS Titanic’s wreck were published. Taken from three miles deep in the Atlantic, the photographs are further testament to a time when technological arrogance and Edwardian pride believed that government and industry could surmount all challenges.
When completed in 1911 the Titanic was considered the Eighth wonder of the World. Its captain, Edward J. Smith, boasted that the ship was unsinkable.
“I cannot imagine any condition which would cause a ship to founder. I cannot conceive of any vital disaster happening to this vessel. Modern shipbuilding has gone beyond that,” Smith said.
The Titanic’s aura of invincibility stemmed from the period; it was the onset of the 20th Century and men believed machinery could overcome all, even nature. This was a notion the populace, especially the traveling public, was eager to swallow.
NEW YORK (CNNMoney.com) -- The nation's poverty rate jumped to 14.3% in 2009, its highest level since 1994, and the 43.6 million Americans in need is the highest number in 51 years of record-keeping, the government said Thursday.
The Office of Management and Budget defined the poverty threshold level as less than $21,954 for a family of four in 2009. The poverty rate increased for all racial groups except Asians.
The jump, reported as part of a regular annual Census Bureau report on income, poverty and health insurance, was not unexpected. The U.S. economy went through a very rough 2009.
Many Americans lost their jobs. The unemployment rate jumped from 7.7% at the beginning of the year to 10.1% by October, before inching down to 10% the rest of the year.
WASHINGTON — Economists peddling dire warnings that the world's number one economy is on the brink of collapse, amid high rates of unemployment and a spiraling public deficit, are flourishing here.
The guru of this doomsday line of thinking may be economist Nouriel Roubini, thrust into the forefront after predicting the chaos wrought by the subprime mortgage crisis and the collapse of the housing bubble.
"The US has run out of bullets," Roubini told an economic forum in Italy earlier this month. "Any shock at this point can tip you back into recession."
But other economists, who have so far stayed out of the media limelight, are also proselytizing nightmarish visions of the future.
Boston University professor Laurence Kotlikoff, who warned as far back as the 1980s of the dangers of a public deficit, lent credence to such dark predictions in an International Monetary Fund publication last week.
He unveiled a doomsday scenario -- which many dismiss as pure fantasy -- of an economic clash between superpowers the United States and China, which holds more than 843 billion dollars of US Treasury bonds.
"A minor trade dispute between the United States and China could make some people think that other people are going to sell US treasury bonds," he wrote in the IMF's Finance & Development review.
"That belief, coupled with major concern about inflation, could lead to a sell-off of government bonds that causes the public to withdraw their bank deposits and buy durable goods."
Kotlikoff warned such a move would spark a run on banks and money market funds as well as insurance companies as policy holders cash in their surrender values.
"In a short period of time, the Federal Reserve would have to print trillions of dollars to cover its explicit and implicit guarantees. All that new money could produce strong inflation, perhaps hyperinflation," he said.
"There are other less apocalyptic, perhaps more plausible, but still quite unpleasant, scenarios that could result from multiple equilibria."
According to a poll by the StrategyOne Institute published Friday, some 65 percent of Americans believe there will be a new recession.
And the view that America is on a decline seems rather well ingrained in many people's minds supported by 65 percent of people questioned in a Wall Street Journal/NBC poll published last week.
"It is true: Today's economic problems are structural, not cyclical," argued New York Times editorial writer David Brooks.
He said the United Sates is losing its world dominance much in the same way the British Empire began to crumble more than a century ago.
"We are in the middle of yet another jobless recovery. Wages have been lagging for decades. Our labor market woes are deep and intractable," Brooks said.
Nobel Economics Prize winner Paul Krugman also voiced concern about the fate of the fragile economic recovery if voters return the Republicans to political power.
"It's hard to overstate how destructive the economic ideas offered earlier this week by John Boehner, the House minority leader, would be if put into practice," he wrote in a recent editorial.
"Fewer jobs and bigger deficits -- the perfect combination."
The Wall Street Journal, usually more favorable to Boehner's call for tax cuts, ran a commentary from another Nobel Prize-winning economist -- Vernon Smith -- that failed to provide much comfort for readers.
"This fact needs to be confronted: We are almost surely in for a long slog," Smith wrote.
And it seems such pessimism has even filtered into the IMF, which warned on Friday that high levels of national debt and a still shaky financial sector threaten to derail the global economic recovery.
"The foreclosure backlog in US property markets is large and growing, in part due to the recent expiration of the home buyer's tax credit. When realized, this could further depress real estate prices."
This could lead to "disproportionate losses" for small and medium-sized banks, which could in turn "precipitate a loss of market confidence in the recovery," the IMF warned.
NEW YORK (CNNMoney.com) -- The Great Recession ended in June 2009, according to the body charged with dating when economic downturns begin and end. But the news comes amid rising fears of a double-dip recession.
The National Bureau of Economic Research, an independent group of economists, released a statement Monday saying economic data now clearly points to the economy turning higher last summer.
That makes the 18-month recession that started in December 2007 the longest and deepest downturn for the U.S. economy since the Great Depression.
The NBER acknowledged the risk of double-dip recession in its statement, but said "The committee decided that any future downturn of the economy would be a new recession and not a continuation of the recession that began in December 2007. The basis for this decision was the length and strength of the recovery to date."
The committee that made the finding said it "did not conclude that economic conditions since that month have been favorable or that the economy has returned to operating at normal capacity." Rather, it decided that June was when the economy hit bottom, and that it has been slowly but steadily growing since then.
Just last week, I ridiculed a group of academic economists for calling an end to the longest recession since World War II. The National Bureau of Economic Research proclaimed the recession we STILL find ourselves in ended in June of 2009. The NBER is the official arbiter of the timing of the U.S. business cycle. Well, I’m not the only person who thinks the NBER’s ascertainment of the economy defies all statistical evidence.
In his most recent report (it came out yesterday), economist John Williams of shadowstats.com says, “The official call of the recession’s end does not in any way alter the economic outlook, either as to existing underlying business activity or as to the course of likely future economic activity; only the nomenclature that will be used in describing current activity has been changed. The re-intensifying economic downturn — already underway — simply will be called the second-dip of a double-dip recession, at such time as the NBER gets around to recognizing the “new” contraction in economic activity.”
So, in my book, it’s “official” the recession is definitely NOT over, and it won’t be for a very long time.
Lenders across Europe and the US are facing a $4 trillion refinancing hurdle in the coming 24 months and many still need to recapitalise, the Washington-based organisation said in its Global Financial Stability Report. Governments will have to inject fresh equity into banks – particularly in Spain, Germany and the US – as well as prop up their funding structures by extending emergency support.
“Progress toward global financial stability has experienced a setback since April ... [due to] the recent turmoil in sovereign debt markets,” the IMF said. “The global financial system is still in a period of significant uncertainty and remains the Achilles’ heel of the economic recovery.”