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World on the verge of an economic collapse says Soros

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posted on Jun, 28 2011 @ 01:36 PM

Originally posted by MamaJ
reply to post by queenofsheba

The American Dream comment made me think of this video..... George Carlin says it loud and clear.

I couldn't figure out how to embed it? lol sorry...

here you go...

here is another good one about the Americain Dream

posted on Jun, 28 2011 @ 01:40 PM
reply to post by surrealist

No plan B? i thought war ( in this case large scale ) was plan B for this sort of thing.
edit on 6/28/2011 by indigothefish because: (no reason given)

posted on Jun, 28 2011 @ 01:42 PM
reply to post by Illusionsaregrander

Nice posts, these are things I have been saying for decades now.

The government has to play the role of the impartial rule maker. That is the only way for the market system to work effectively, and this has been done numerous times in the past, and it can be done again. It is by convincing people that government can not play the role of impartial rule maker, have the super rich succeeded in destroying what worked, out of pure greed.

Anybody paying attention can see this next big economic collapse coming. The real unemployment rates are far worse than being reported, anywhere from 16% to 25%, and those numbers are increasing as states with budget cuts are now letting people go. Then there are those businesses that work for the state who will also be loosing revenue.

The whole economy has been sustained by debt, but this can only last for so long, until the debt is maxed out.

People who are not earning money, can not afford to buy stuff.

At the same time, planet Earth is running out of accessible oil. We have an infrastructure completely dependent upon oil. The answer would be to retool our economy, but with the whole denial and free market scam, that isn't going to happen until things get way worse.

The current global economic system is essentially, manufacturing goods in at slave wage rates in third world countries, then shipping them to first world nations to be sold.

Not to mention that the whole system relies upon the production of goods that are built to fail after a certain amount of time, to then be disposed, and replacements purchased, with no consideration of repair. Even though large parts of this equipment is salvageable, considerable effort is put into preventing any attempt at restoration or repair. The whole system is a disposable society, where nothing is kept for very long, because the turn over of goods is what keeps the economy running for the super rich at the top, who make lots of money by keeping products disposable.

All this is incredibly inefficient, and is designed to be inefficient, because that is what is best for the super rich, and everyone else who goes along with this system. As long as they have jobs, most people will not make any effort to fix this system. They don't want to hear that this whole system is unsustainable. All they know is to do as they are told. Thus, we have an electorate that is fully invested into the system, the workers and the large numbers of retirees dependent on the markets where they have their retirement funds invested. Change will not come until it is forced on us.

That change is coming in the current decline in world oil production, peak production being in 2008, we are about to see rapid declines very soon. That wells that once produced sweet light crude are now primarily producing sour heavy crude, which disguises the reality of the situation, but the price at the pump does not. Processing sour heavy crude is much more expensive than sweet light. Soon, the sour heavy will start to decline in production, it that hasn't already began. Things are probably far, far worse than anyone imagines. Those wide spread riots are not because the people suddenly woke up to what a bunch of despots run their country, but because declining oil production means less money for everyone, and the people at the bottom of the food chain are now desperate. They don't report the details of world oil production these days for a reason, and that is to hide the truth.

Peak oil is a juggernaut that answers to no one. The desires and opinions of consumers and businesses will have no weight when the oil is gone. They will be forced to abandon that $30 trillion of then worthless rolling stock and infrastructure if they wait till Mother Nature shuts down the gas pumps.

Trying to preserve the automobile with its freeways and fuel tanks will inadvertently hasten our economy's decline. In the next few years we will either spend another $30 trillion more just to operate and maintain our ill-fated oil-based monstrosity -- most of it leaving our economy to support unfriendly regimes -- or we will spend a "mere" $10 trillion building a post-automobile transportation system -- boosting our own economy -- designed to operate henceforth sustainably with solar energy already bought and paid for, without fuel, for the long term.

I don't think solar power is the answer, I think the real move must come from ending the whole disposable society method of economics in order to vastly decrease our energy consumption. Manufacture locally, goods meant to last a long time, designed to be upgraded. This takes control away from the corporations/bankers.

Building goods in one part of the world and shipping them to the other will no longer be economically feasible. Our planned obsolescence, disposable society will no longer be sustainable. Major change is coming in the next five to ten years.

The banking elites who have taken over our planet so effectively over the last decade as a result of Newt's contract on America, can not fix this by shifting investments around, and lowering interest rates here and raising them there. When you dismantle the manufacturing base of the U.S., and eliminate huge numbers of jobs, it is foolish to expect U.S. consumers who have lost their jobs to keep consuming at the same rates. If you don't pay the workers enough money to afford to buy goods and services, than the businesses that provide those goods and services are going to go bankrupt without customers, and all that investment becomes worthless.

They used the energy crisis in the first place to set up this global system that serves them so well, but it will be the final energy crisis that takes them down in the end.

These are fundamentals, but no one wants to hear this.

posted on Jun, 28 2011 @ 01:45 PM
to be honest I am a lil tired of people wanting the system to crash.. Absolutely nothing will prevail in such a wish. Life as we know it will cease to exist. Our evolution will more then likely cease, a dark age would fall upon us, and everything we have achieved as a human race will be forgotten sooner then we think. Absolutely nothing good would come out of a failure in the way we achieve in life.. I want our human race to go forward not back to hunting and gathering...

I think the economic system will be fine.. The system has not changed, it still takes hard work to achieve... When no one wants to work on it, or blame themselves for the position they are in, or accept the hardships of life, then when those numbers reach high enough, then perhaps humanity will fail, and we will be infested with parasites and live in tree's again...

I will be one of the last to give up on our great idea...

posted on Jun, 28 2011 @ 01:56 PM

Originally posted by beezzer
Um, financial noob here, but what if Greece decided to go back to the Drachma and value it at a rate consistant with the euro (or even higher)?

Sure, the rest of the Euro-pean countries would lose out but not at the rate or severity if Greece kept the euro.

Greece could then "re-set" and their economy would stabilize.

It'd also stop weasels like Soros from selling short on the Euro.

Just a thought. Feel free to poke holes in it, just shooting from the hip here.

If Greece split from the euro and went to the new drachma it couldn't possibly keep its value against the euro, it would decline instantly. Still I think it (devaluation) is a good idea.

It would be a good idea for Greece, and cause lots of wealthy banks in Europe to have problems, and so that's why it won't happen. Lots of rich people would lose money and they hate it when that happens, and they'd prefer to make average people pay.

(If it does happen, the right trade is to short central-european bank equities (whoever is owed money by greece) and come off the short euro trade. )

It already happened once, witness Iceland. Compare Iceland to Ireland. Small countries with similar issues (boom time & crazed banks). Their crises started at the same time. The difference was that Iceland was not in the euro, and Ireland is. Iceland devalued quickly and told the unsecured creditors of overleveraged banks to eat herring. Their economy--their real physical economy---is coming back relatively quickly though of course there was a horrible shock. Ireland remains in a slow agonizing torture, with ordinary people paying---literally---for the sins of their bankers. Iceland is well into recovery.

Sepsis vs amputation. When the going goes bad, amputation is better.

Certain (mostly right-wing) politicians say "you can't devalue your way into prosperity", which is, in the long term true. However, in certain cases it's the best option when you're already screwed. In the 1930's, the countries which acted quickly to devalue and default came out the best and earliest.

Greece should exit the euro ASAP, devalue. If they get their act together they could rejoin in 10 years at a lower rate.

If the German Bundesbank really cares about the strength of the 'euro-mark', they'd kick Greece out now.

Some european talking heads whinge about how bad default etc etc would be for the eurozone. That's BS. Euro minus greece is better than euro plus greece, obviously.

in the long run there will be//should be a North Euro (i.e. the deutchemark + maybe nordic currencies and France), and an ever devaluing South Euro (piigs). And germans will continue to get sunburned in Spain while they complain about the lazy southerners. The lazy southerners will complain about the arrogant and rich german tourists, and then they'll go get laid with their local hotties. Life is beautiful.
edit on 28-6-2011 by mbkennel because: (no reason given)

posted on Jun, 28 2011 @ 02:01 PM
reply to post by Bicent76

We need the current system to crash in order to go forward. We need to get rid of the corporate banking elites who have trapped us in this maze of a rat race.

Humanity will be much better off once we have thrown off this giant corporate parasite.

With the production capabilities of current technology, we should all be working twenty hour weeks, with short commutes to work, driving small efficient electric vehicles that will last us a lifetime.

Then we could spend a great deal more time with our families, raising our children with a sense of morality and humanity, rather than having them raised by corporate media.

To me, your choice is to stay running in the rat maze looking for that cheese.

posted on Jun, 28 2011 @ 02:03 PM
In case it's escaped you:

We already have high inflation, they've just found new ways to hide it.

When the price of pudding cups stays the same, but the quantity is reduced from six cups to four, that's inflation.

When the prices rises while the size goes from 16 oz to 15 oz, that's high inflation.

Look, I mean really look at the the prices/quantities of everything you buy and compare it to what you got a year or two ago.

Our economy is already riddled with high inflation, high unemployment, and enormous obligations coming due, they just juggle the numbers every little bit to disguise reality from themselves, much like the TEPCO people at Fukushima. But both reaities don't jibe with the numbers.

The collapse is already underway and is speeding up due to unforseen weather and environmental factors. Anyone with clear eyes and a commitment to acknowledging reality can see it. Economically there's about two or three weeks left before things start heading south even faster, environmentally perhaps four. But I give it no more than six months to a year before we're in full-blown meltdown in any case.

The only solution I see is to cap wealth, and spend the excess wealth confiscated to rebuild the necessary infrastructure.

posted on Jun, 28 2011 @ 02:12 PM
reply to post by apacheman

You are right my friend inflation is definitely part of our everyday life, gas price, essential needs producs, debt crisis worsens, we are going down hill with no brakes...Buckle Up and good luck...

edit on 28-6-2011 by mick1423 because: (no reason given)

posted on Jun, 28 2011 @ 02:13 PM
reply to post by mbkennel

That might work in Europe, but it will only increase immigration pressure.

The U.S. has far larger problems.

posted on Jun, 28 2011 @ 02:24 PM
Greece To Exit From Rothschild’s European Union Banking Scheme!

Banks at Risk
Moreover, should Athens turn its back on the common currency zone, it would have serious implications for the already wobbly banking sector, particularly in Greece itself. The change in currency “would consume the entire capital base of the banking system and the country’s banks would be abruptly insolvent.” Banks outside of Greece would suffer as well. “Credit institutions in Germany and elsewhere would be confronted with considerable losses on their outstanding debts,” the paper reads.

As it was known and now is becoming apparent day by day, if greece deiceds to leave then along with greece's downfall so to will many other institutions follow thus starting an internal investigation on how markets are manipulated, it something THEY DO NOT WANT YOU TO KNOW OR UNDERSTAND.

posted on Jun, 28 2011 @ 02:25 PM

Originally posted by Variable
You know what the world really needs is a good plague. Make those that survive MUCH more valuable, redistribute the existing wealth to fewer people. It would force those that survive in to a sustained period of high productivity because of fear of ... well happening again. War may work but, it would too haphazard and destructive - plus, unless it went nuclear or biological, it wouldn't kill enough people. Nuclear is not a good idea because it lays waste to otherwise fertile and productive land. Much better to have a plague.

Your style of thinking is grotesque, disgusting, you should be ashamed.

posted on Jun, 28 2011 @ 02:32 PM
I disagree with Soros though am sure he thinks he knows what he's talking about. Yes, the Euro is a serious issue, but if anything helps keep the Euro zone in check against printing too much money. The obvious in-your-face issue in Europe is the huge debt loads that happen as a natural consequence of socialist policies. The cycle of unaccountability created with socialism first leaves the population with a sense of entitlement, then the politicians do everything in their power, including borrowing money to pay the bills, to give the population what they demand. So the population blames the debt on the politicians, and the politicians blame the debt on the demanding population. Euopeans feel they have a right to other people's property at their preferences using the government as a means to get a hold of it. Libertarians understand this is merely condoned theft.

People like Soros don't understand what is happening is Europe is simply an ordinary predictable consequence of decades worth of robin hood socialism. It is also monopolistic control of the money supply that leads these events to become possible on such a huge scale.

posted on Jun, 28 2011 @ 02:36 PM
I think the difference is that The U.S. economy bubble can be inflated more then Europe, but when it will burst it will be alot worst then Europe. Everything nearby will be affected....that mean...the rest of the world....!

posted on Jun, 28 2011 @ 02:41 PM

Originally posted by poet1b

The government has to play the role of the impartial rule maker. That is the only way for the market system to work effectively, and this has been done numerous times in the past, and it can be done again. It is by convincing people that government can not play the role of impartial rule maker, have the super rich succeeded in destroying what worked, out of pure greed.

I disagree. An elected official especially in modern times, can never be an impartial rule maker. If you need to be popular to hold the position, you are in a very bad spot for making decisions people will not like. And if you compound that with the impact the media has on elections and the cost of getting elected, it really isnt viable at all.

The reason our government is not an impartial rulemaker is because the media and electoral system interact in such a way as to make it impossible for it to be one.

But we agree on a lot other than that.

posted on Jun, 28 2011 @ 02:50 PM

Originally posted by gabby2011
Looks like the well engineered financial plan by TPTB is coming together...out of chaos , they will create their "order"

exactly correct,
Soros wants this collapse.
He helped engineer it's design.
And he has done everything in his
power including shorting the markets
to make it happen.

Soros is just being egotistical here.
He did it and he is gloating over it.

One thing he cannot predict though.
How many countries populaces will react
when it does fall. I hope they do not crawl
to him on bended knee asking him to save them.
EPIC FAIL for the world if that happens.
No NWO and NO NWO Currency.
Do not accept it else you will just trade
one slavery for another.

posted on Jun, 28 2011 @ 02:57 PM

Originally posted by poet1b
reply to post by mbkennel

That might work in Europe, but it will only increase immigration pressure.

The U.S. has far larger problems.

The US has less structural economic problems (US owes money in a currency it can print), but far larger ideological problems, and these can indeed be more dangerous.

posted on Jun, 28 2011 @ 02:58 PM
Seems to me N W O is in the process with all of what is happening in the world.

posted on Jun, 28 2011 @ 03:15 PM
reply to post by surrealist

World on the verge of an economic collapse says Soros

Lots of people say lots of things....... Usually when people such as soros say things will effect the 'masses" or pretty much anything coming out of his or there mouths, it most likely translates to, he wants the masses to think in a certain way, and act in a certain way as to benefit him and his friends .

Like I said lots of people say lots of things. And this system is designed to fall, so why all the commotion, things fall and others rise, soros like always is just trying to keep up with being on top of the pyramid when this system falls. Same as he did when Europe fell from power, same as he did when nazi germany fell from power, same as he is doing right now as the american system is spiraling down the drain, and whatever comes next or whatever country becomes the top dog china or whatever, he will do the same. That is his job, to stay on top of the pyramid and make a profit. That is all.

Really who give a # what Soros or any of them say.

posted on Jun, 28 2011 @ 03:17 PM
reply to post by boondock-saint

Out of chaos..!, i agree also... Chaos is not coming naturally....we are pushed in to it, by ROME or like we also call them TPTB and communication Medias are used to condionated our minds to accept the chaos phase.

posted on Jun, 28 2011 @ 03:18 PM
reply to post by surrealist

Isn't the only reason TPTB are in control and have power because of money ?

What if somebody is purposley crashing it to get them out of power finally ?

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