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The processed had really been on the cards before, it started with the moves of the US industry to Mexico and Latin America. The results were pretty obvious then, I find it idiotic that some still say that the opening the markets to China was to permit a social reform there...
I understand you view regarding the energy issue but global peak oil is now it was mostly unplanned and it has yet to be felt, but some alternatives makes the issue less dramatic (there will be changes, especially in the flow of merchandise and some artificial distortions) but for the next 20-50 years I do not see much changing (beyond a continual rise in price). I would soon worry about food prices and potable water issues than energy. But yeah that could be a factor but not the main motivation...
I don't agree with this, the UN is mostly a geopolitical tool of the US and old great nations to enforce international law that secures their interests (not the interests of all) if the US collapses the UN will collapse also. Your idea for maintaining security and stability provided from the global economy is an interesting idea nevertheless, but such a thing would have to be very well timed to be pulled out and I doubt that the UN can be called to act in such a coordinated way in a moment of crisis that will permit avoiding unilateral actions by the strongest members.
Note that the US "world policing costs" are in policing its own interests (well at least of the 1% that controls government).
Originally posted by dave_welch
Can someone explain why buying gold/silver/other precious metals would ever be a good idea if an economical collapse is imminent? You can't eat or wear it, don't know why you would hunt for it (assuming werewolves are myth), so why would anyone want to barter for it?
By the way, these are serious questions, I'm not trying to be sarcastic or anything like that.
If you do that, abolish income tax and put a tax on purchased good other than rent, food and utilities you would make things worse. To make up for the reduction in taxation incomes from income tax the government would need to massively increase the value added tax on goods making them more expensive which would reduce the ability of consumers to pay for these goods even if they are getting more pay through less tax. Also by excluding food, rents (and I assume mortgages as well) and utilities you are taking out the three biggest means of VAT revenue so your plan would not work.
"Require all U.S. Companies and Corporations to bank inside the USA. No more hiding money offshore, no more offshore call center either"
Again another reasonable idea but very flawed, this would lead to all businesses eventually moving outside of America which would only be compounded by your idea of increasing VAT.
Originally posted by RoninMD
In this broadcast of the Cybertribe News Network, a North Carolina Police Lieutenant calls in to give his first hand knowledge of preparations being made within his own department to train and prepare for martial law in the United States, possibly in the coming year.
Many similar reports are starting to trickle in from all across the country, through various independent media resources and even organizations like Oath Keepers.
The consensus is that a major economic event is expected, and that it will be used to provide cover for the institution of draconian policies being readied behind the curtain.
Originally posted by cornucopia
Dr. Paul Craig Roberts thinks there is "an impending collapse of the exchange value," and the U.S. dollar could unexpectedly plunge in buying power. Dr. Roberts contends, "All of a sudden, people walk into Walmart, as usual, and they think they've walked into Neiman Marcus." Dr. Roberts says there are no quick fixes to the bulging debt because "there's no way to close this deficit when corporations are moving the tax base off-shore." Join Greg Hunter as he goes One-on-One with Dr. Paul Craig Roberts
i'm shocked too that this economy is going...
keep pumping out the money, lol...
money is an illusion...
paper with ink on it..
numbers on a computer screen...
Originally posted by Observor
reply to post by manmental
If you are gloating about the destruction of the USA/its economy, you may be little early.
The list of tricks remaining in the book is not empty. The collapse of the US$ may be followed by an introduction of a global trading currency, on whose creation and supply the USA may have as much control as it has on the US$ today. While the US economy will suffer huge losses, it can still be salvaged if the US has preferential access to the new global trading currency to be created.
Originally posted by dogstar23
This doctor must not have hisDoctorate in economics! We're at 100% debt to GDP with an economy growing faster than the debt, percentage wise. On top of that, we're improving vs most other currencies. This guy is either ignorant, insane, or just a liar.
Originally posted by Happy1
reply to post by Panic2k11
Yours is the best, succinct and honest appraisal of our current situation...
Americans better start learning how to live in a 3rd world country, that's where our gov't has been leading us for decades.
The whole world will be 3rd world countries in the endgame.