It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

2011 -- The beginning of the End of America - Double Dip Recession turns into 10 year Depression

page: 1
10
<<   2 >>

log in

join
share:

posted on Jun, 1 2011 @ 12:02 PM
link   


Interesting video but it seems to dwell on Obama and the Democratic party as the problem. I don't believe this is entirely true, both parties and everyone in Washington is the problem. And comparing him to Nero is absurd!
But either way if this does happen there will be civil war between the 'haves' and the 'have nots'. It's pretty obvious this is the direction things are going, given this and other events to be true, in a nutshell.
We have switched from nationalism to globalism sometime after the 80's and whether people believe this to be some part of a larger conspiracy for a one world government or not, nothing it seems is going to change this.
I wonder now how this will all pan out in the end, how this will effect me, my family and friends.
The only solution I have is not of reform or change but of revolt and revolution. We the people have to take back the country and not with diplomacy and bureaucrats.
Sides have to be drawn now!




posted on Jun, 1 2011 @ 12:14 PM
link   
reply to post by AnteBellum
 


I picked a side years ago, and I don't think it will be the "haves" against the "have nots". I think it is about freedom and individual liberty. Freedom transcends materialism, and those that truly love freedom will band together against those that wish to destroy it, and I don't think that social status, religion, sexual orientation, race, gender, etc.. will matter when "it" hits the fan.



posted on Jun, 1 2011 @ 12:16 PM
link   

Originally posted by AnteBellum

I wonder now how this will all pan out in the end, how this will effect me, my family and friends.
The only solution I have is not of reform or change but of revolt and revolution.

We the people have to take back the country and not with diplomacy and bureaucrats.
Sides have to be drawn now!





Happy belated birthday

....




i see your not of the MLK peaceful resistance crowd.

Celente, the 'trends' guy.... says that once the money does not filter down to the man-on-the-street...
then blood will run in the streets. instead.



the trade & economic machinery had to expand beyond national borders... thats Globalism...

derivatives are a important factor in the Globalist satchel of unethical practice...

derivatives in the form of CDS are what has undone GFreece and other Euro nations, and finding a solution to having the Greek bonds not be defunct ----thus requiring the CDS payouts in the 10s & even 100s of Billions is the thing holding up the immediate bankruptcy of Greece & the other 'PIGS'...

the derivitives game is in the $600 Trillion range....but actual value & assets of the world economies is less than $50 Trillion.................................


there is no way out of here !


the uncouth, the unsavory and greedy men have Leveraged all their evil intentions against all the meek and honest people of the globe...

whom will win...what is the obvious near term course

its not about freedom or rich V poor......... it boils down to evil conspirators versus those not so inclined to do evil
but are happy enough skirting the edges of ethics, honesty, & even being a good samaratan in this day & age...

no this ain't biblical or religious.... it is the play out of human nature that is the focus point
edit on 1-6-2011 by St Udio because: (no reason given)

edit on 1-6-2011 by St Udio because: (no reason given)



posted on Jun, 1 2011 @ 12:21 PM
link   

Originally posted by St Udio

Originally posted by AnteBellum

I wonder now how this will all pan out in the end, how this will effect me, my family and friends.
The only solution I have is not of reform or change but of revolt and revolution.

We the people have to take back the country and not with diplomacy and bureaucrats.
Sides have to be drawn now!


i see your not of the MLK peaceful resistance crowd.

Celente, the 'trends' guy.... says that once the money does not filter down to the man-on-the-street...
then blood will run in the streets. instead.



the trade & economic machinery had to expand beyond national borders... thats Globalism...

derivatives are a important factor in the Globalist satchel of unethical practice...

derivatives in the form of CDS are what has undone GFreece and other Euro nations, and finding a solution to having the Greek bonds not be defunct ----thus requiring the CDS payouts in the 10s & even 100s of Billions is the thing holding up the immediate bankruptcy of Greece & the other 'PIGS'...

the derivitives game is in the $600 Trillion range....but actual value & assets of the world economies is less than $50 Trillion.................................


there is no way out of here !
edit on 1-6-2011 by St Udio because: (no reason given)


There is one way out... if every nation on Earth forgave the debt owed to them and started fresh, but greed will prevent that from ever happening.



posted on Jun, 1 2011 @ 12:29 PM
link   
reply to post by OptimusSubprime
 


Especially since those debt are owed to the ones that planed this in the first place.



posted on Jun, 1 2011 @ 12:35 PM
link   
reply to post by St Udio
 



Happy belated birthday

i see your not of the MLK peaceful resistance crowd.


Thank You!
I gave peace at try and though it does work, it also takes time.
We have no time left.
Now all we have is force.
I would rather die for a cause, then die without one. . .



posted on Jun, 1 2011 @ 12:38 PM
link   
What I would like to know is at what moment, with what president the US started to go into this downward spiral of national debt. If I understand correctly there was a moment that the US was a country with a strong dollar currency, respectable unemploymemt figures....... in brief a healthy economy.

Where did it go wrong and why could nobody prevent it from becoming worse? There are these economist from places like Harvard, Yale and so on......guys (and girls) that should be able to lay the finger on the most painfull spot and able to formulate a cure.



posted on Jun, 1 2011 @ 12:44 PM
link   
reply to post by zatara
 


Bush in December 2007.

There were many factors. The housing bubble. High taxes and government spending. The bailouts by government. Our wacky trade policies. Government interference and red tape. Manufacturing in the US is going overseas. That caused higher unemployment. Banks lent money to people that probably weren't reliable to pay it back. This caused the banks to suffer. Oil prices were very high, causing fuel prices to be high, causing retail goods and food to be higher. It was an election year. People tend to be more conservative during an election year.

edit on 6/1/2011 by AnteBellum because: (no reason given)



posted on Jun, 1 2011 @ 12:51 PM
link   

Originally posted by zatara
What I would like to know is at what moment, with what president the US started to go into this downward spiral of national debt.

Where did it go wrong and why could nobody prevent it from becoming worse? There are these economist from places like Harvard, Yale and so on......guys (and girls) that should be able to lay the finger on the most painfull spot and able to formulate a cure.




to the first... it was the combination of Bill Clinton
and the real power behind the USA... Alan Greenspan


to the 2nd...
tossin out the Military-Industrial=[Banking=MegaCorporations=Financial Houses]omplex...
along with the mutated finance rules, unregulated derivitives, and banker leverage...
is impossible to fix or repair



posted on Jun, 1 2011 @ 12:55 PM
link   

Originally posted by zatara
If I understand correctly there was a moment that the US was a country with a strong dollar currency, respectable unemploymemt figures....... in brief a healthy economy.

Where did it go wrong and why could nobody prevent it from becoming worse?


The creation of the credit market, everyone from the rich to the poor have been encouraged to lend! spend! borrow! full well knowing that in most cases the debt wouldnt be able to be paid back with interest. When did this happen? Probably around 4 decades ago when banks started making it available to everyone regardless of financial status.

The subprime lending that started in america and kicked off the last global downturn because of globalisation the debt had been sold around the world.

Greed is the problem and lending huge amounts of money to the poor.



posted on Jun, 1 2011 @ 04:59 PM
link   

Originally posted by zatara
What I would like to know is at what moment, with what president the US started to go into this downward spiral of national debt. If I understand correctly there was a moment that the US was a country with a strong dollar currency, respectable unemploymemt figures....... in brief a healthy economy.

Where did it go wrong and why could nobody prevent it from becoming worse? There are these economist from places like Harvard, Yale and so on......guys (and girls) that should be able to lay the finger on the most painfull spot and able to formulate a cure.



The first really massive, over the top out of control deficits started in the 1980s under President Ronald Reagan. And here we are. Thanks, Ronald.



posted on Jun, 1 2011 @ 04:59 PM
link   
reply to post by St Udio
 





it is the play out of human nature that is the focus point...






Ever heard of God signing off? It would go a little something like this...

Tata,
G



posted on Jun, 1 2011 @ 05:01 PM
link   
Bull, the economy here is booming, real estate (which is a lagging indicator) is picking up in my neighborhood.



posted on Jun, 1 2011 @ 05:03 PM
link   

Originally posted by Open_Minded Skeptic

Originally posted by zatara
What I would like to know is at what moment, with what president the US started to go into this downward spiral of national debt. If I understand correctly there was a moment that the US was a country with a strong dollar currency, respectable unemploymemt figures....... in brief a healthy economy.

Where did it go wrong and why could nobody prevent it from becoming worse? There are these economist from places like Harvard, Yale and so on......guys (and girls) that should be able to lay the finger on the most painfull spot and able to formulate a cure.



The first really massive, over the top out of control deficits started in the 1980s under President Ronald Reagan. And here we are. Thanks, Ronald.

Ronald and Bush 1's debt account for 8.3 trillion of the current sum, once you take into account interest and inflation...



posted on Jun, 1 2011 @ 05:05 PM
link   
Beware of the impending dooooooom!! Run for the hills!!

There is no need to post this stuff with out facts. There is no "double dip" recession. The economy is still growing not shrinking. The unemployment rates trend is downward which means employment is rising.

10 year depression? End of America ? Really?

Am I in another world where the US is not the only super power, the worlds largest economy, the post powerful nation and the dollar the reserve currency of the world ?

This is all just more doomer stuff out to scare people.



posted on Jun, 1 2011 @ 05:26 PM
link   
reply to post by AnteBellum
 




"Nothing is static, everything is evolving, everything is falling apart" -TD



posted on Jun, 1 2011 @ 07:05 PM
link   

Originally posted by zatara
What I would like to know is at what moment, with what president the US started to go into this downward spiral of national debt. If I understand correctly there was a moment that the US was a country with a strong dollar currency, respectable unemploymemt figures....... in brief a healthy economy.

Where did it go wrong and why could nobody prevent it from becoming worse? There are these economist from places like Harvard, Yale and so on......guys (and girls) that should be able to lay the finger on the most painfull spot and able to formulate a cure.



Visual Aid:



Granted there is plenty of blame on BOTH sides for allowing this to continue. I am OUTRAGED that the government was more concerned with bailing out the banksters than some sort of a nationwide loan modification program to offset the value loss of home mortgage holders. Some type of Cash for Clunker program for homeowners would have gone a long way to stabilize the crisis in my humble opinion.

/MD
edit on 1-6-2011 by MaskedDebater because: (no reason given)



posted on Jun, 1 2011 @ 07:32 PM
link   
reply to post by zatara
 


This goes back a lot further than anyone above is even close to "thumbing". If you want a good read check this out, and see how far the rabbit hole goes. Kind of a long read, but vitally important to understand the how's and whys most people are asking about where we're currently at. After reading ask your self what every president who has been assassinated had in common.

www.theforbiddenknowledge.com...



posted on Jun, 1 2011 @ 07:44 PM
link   
it is not the governments responsibility to do crap

the mess in this country is because idiots just cant get that thought in their heads.

globalizaion is a problem
outsourcing is a problem
manufacturing is a problem

and you cant even begin to talk about them unless you think about the causation of those elements

taxes,regulations,unions,education,people, and money.

those are all elements in the massive problems that are facing this nation

its all about money
who makes it
who works for it
whose got their hands out for it
who steals it.

people say this nation is wealthy? no it is the masive government debt and the bulk of the wealth in this country and the world in private hands.

without those people who have been constantly been driven out of this country and they found new homes in other parts of the world.

proof of this is simple when we look at china and india.

take a good look at what socialist policies have done when government is the answer people run that money and business run to other place.

take a good look at this nations problems that have been decades in the making.

take a good look at the success of china what is it they have that weve lost.

people and money

and to a degree no liberals.

the end of america began long ago people have just now woke up to that fact.
edit on 1-6-2011 by neo96 because: (no reason given)



posted on Jun, 1 2011 @ 09:31 PM
link   

Originally posted by zatara
What I would like to know is at what moment, with what president the US started to go into this downward spiral of national debt. If I understand correctly there was a moment that the US was a country with a strong dollar currency, respectable unemploymemt figures....... in brief a healthy economy.

Where did it go wrong and why could nobody prevent it from becoming worse? There are these economist from places like Harvard, Yale and so on......guys (and girls) that should be able to lay the finger on the most painfull spot and able to formulate a cure.



The Federal Reserve Act was signed into law by Prez Wilson. Since then the degradation of our finances has occurred greatly. It was supposedlty put into motion after some financial panic. (who knows what was behind the financial panic to begin with, because classically, tbe Power Elite created the problem then provide the solution). In any case, a Central Bank was created and we gave power to a group of private bankers and a central board to oversee and regulate financial policy in the US. Ultimately, it is a public/private partnership. Congress asks the Fed to print more money when ever it needs and the taxpayers pay the interest, the profit goes into the private bankers hands. It was ostensibly to control panics and to even out the cycles of depression and recession. As we have seen with Alan Greenspan, the Fed Chairman can dictate policy with a few words. The Fed will work in tandem with the Fed Govt though to control fiscal policy. It can tighten or loosen the fiscal policy. It can expand or contract the economy at will. If they think the economy is growing too fast, they can slow it down by raising interest rates.
When FDR became Prez, he confiscated the gold from the people. He took us off the Gold Standard on June 5, 1933. (Note the double digit 33 which the Illuminati love to mess with?). FDR was said to be a 33rd degree Mason.
www.history.com...
Jimmy Carter was the first Trilateralist to be Prez. Since then all the Prez have been CFR or controlled by CFR. All Sec of Defense since Eisenhower have been CFR.



new topics

top topics



 
10
<<   2 >>

log in

join