There have been so many different sources saying the same thing for the last few months... I'm definitely not ignoring it...

 

if you know your house is going to be under siege, then you might want to take whatever you can and hid it away.

exactly what corzine did at mf global. things are coming undone.

 

Hi all I have as far as assets are a upside down mortgage my car and credit card debt. if a economic martial law happend what dos that mean for me.

 

unless you are prepared, it means wait for the gov to help you.

 

You say be prepped or wait for gov to help me okay .. I was wandering more on the lines of is the gov going to take my assets will there be hyper inflation people in food lines that sort of stuff.

 

No one really knows, but imho, there will be mass chaos and no one will be left to take your assets except raiders and thugs.

 

Wrong- Your Economic Future is What You Make of it.

I don't really mind being the contrarian, but Mr. Celente has the emotional maturity of a 13 year old girl. My God, his ranting and hysterics are really epic- all I can guess is that he figures “keep shoveling” and something has to happen sometime

Just review the Celente “impending doom” posts on this site, 02-22-2009, 02-14-2009, 04-12-2011, 08-05-2011

The fact is – the only guaranteed future we have is the one we create.

 

I don't really mind being the contrarian, but Mr. Celente has the emotional maturity of a 13 year old girl. My God, his ranting and hysterics are really epic- all I can guess is that he figures “keep shoveling” and something has to happen sometime

Just review the Celente “impending doom” posts on this site, 02-22-2009, 02-14-2009, 04-12-2011, 08-05-2011

The fact is – the only guaranteed future we have is the one we create.

Roadagent1,

I do not think anyone here is influenced one way or another by Celente's "hysterics" as you refer to them, however, regardles of his ongoing track record, it does not take a genious to see that we are nearing the end of the road and the can has nowhere to go but off the cliff. The article is just a reaffirmation of what we already know. PREPARE

 

Indeed many will fall to the left and right of me - but I choose to press the fight and stand righteous in my ways- and will stand in the final roll call.

RoadAgent1

 

Celente is as close to right as anyone has been. In fact, he's been right more than anyone else. If anyone else is more accurate, I'd like to see the track record. The only reason that Celente has missed on some of his predictions is because the Fed Gov's ability to literally throw MASSIVE amounts of money around and at problems. That will, and does, skew timelines for anyone and everyone. But when Celente calls something, you better watch for it. Sooner or later, you'll see it.

 

I think I'd be squealing like a little girl too if someone went into my account and stole six figures from me. Is Gerald right? Ehhh, I can't say but I do wish he would come up with some more catch phrases as his others are getting old.

 

This is just baseless fear mongering. Of course the default position on this website is that the end of the world is coming tomorrow, but...

Booms and busts are built into our debt based economy. google "Ron Paul and the federal reserve" youtube "money as debt".

Anyway our recent economic problems are due to massive wealth going into the countless wars we have and also a "bust" cycle. Money must be printed to overcome this, which will lead to inflation. Throwing money at it is exactly what they should do. They also should be writing off a lot of debt (forgiving it) but they are stingy with this because they think if they forgive a lot of debt people won't be motivated to pay back future loans.

The main problem we have right now is a deflated housing market. That is keeping the economy down and will continue to do so for several years. Whenever they can fix the housing slump, get all the foreclosures under control, sell the under priced houses etc. then the economy will start to chug back.

In the process the US dollar will probably be devalued some leading to higher prices for imports, but also strengthening our own domestic industry and helping job growth. Again- we are probably looking at some serious inflation coming our way. The weak economy has thus far kept inflation down, but the fed is printing money faster than the ink can dry on it.

If they didn't print up all this money we would be in a much worse depression.

Overall the world is not coming to an end. Nobody can know for sure, but most likely we are looking at about 5 years of high unemployment and slow recovery, but things should slowly be getting better so long as the gov and feds have policies and programs in place.

so far they have not done a lot other than "quantitative easing"- which is code word for low interest rates and printing money.

Obama did have a short lived program of buying condemned houses and destroying them as well as the cash for clunkers program (a boost to the auto industry).

 

:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:

Stop, please stop!!! I can't breathe I'm laughing so hard! You forgot your "sarcasm" tag on this entire post. Thanks for the laugh though.

 

A boost to the new car industry perhaps but not so much for the used car market. This program hurt the lower income folks who couldn't afford new car payments.

http://www.chacha.com/question/how-many-cars-were-destroyed-during-the-cash-for-clunkers-program

 

I hope its a few starting to get concerned but are still in the denial stage but I'm not counting on it.

 

Yes printing money is what ended the great depression. A meteor could fall from the sky tomorrow. Everything could collapse tonight. So in that respect we don't know. But the current economy, based on logical projections of current trends is not totally collapsing.

People can argue anything, I already stated my own opinion. If you want to understand it you could probably talk to an economist, banker or take economics courses at a local college.

Rather than the banks collapsing us the real issue is America losing competitiveness due to cultural Marxism. Our education achievement is low, I.Q. falling etc.

One fact also that should be noted: America is as wealthy as it has ever been. Most Americans, however, perceive life as getting harder. This is because of a growing gap between the rich and poor, not because the overall economy is weaker.

If anything I would worry about my own survival. I'm sure people like Bill Gates and Donal Trump will be doing just fine in the next 50 years. So will their kids and so on. The real concern is will you be doing fine? Will I be? Will the average American have work or a living salary? That could be a concern.

 

Yes printing money is what ended the great depression. A meteor could fall from the sky tomorrow. Everything could collapse tonight. So in that respect we don't know. But the current economy, based on logical projections of current trends is not totally collapsing.

NO NO NO, that is not what ended the "great depression"
http://www.thefreemanonline.org/columns/what-ended-the-great-depression/
It was tax cuts and business stimulus that ended it.

People can argue anything, I already stated my own opinion. If you want to understand it you could probably talk to an economist, banker or take economics courses at a local college.

I am an economist.

Rather than the banks collapsing us the real issue is America losing competitiveness due to cultural Marxism. Our education achievement is low, I.Q. falling etc.

I.Q. isn't falling. Teaching has gotten worse, that I will concede with glee. No child left behind is the "death nail".

One fact also that should be noted: America is as wealthy as it has ever been. Most Americans, however, perceive life as getting harder. This is because of a growing gap between the rich and poor, not because the overall economy is weaker.

Wealth does not make a country great. Production of assets, particularly assets that make more things is what makes a country great, it is why China is taking us to the cleaners, and why we don't have good paying jobs anymore.

If anything I would worry about my own survival. I'm sure people like Bill Gates and Donal Trump will be doing just fine in the next 50 years. So will their kids and so on. The real concern is will you be doing fine? Will I be? Will the average American have work or a living salary? That could be a concern.

Correct, your own survival is paramount, but that "survival" comes from a strong economic base, which comes from a strong manufacturing base, and most importantly a government that plays by the rules that it is set up under(i.e. the Constitution).

 

Sweet

Jackrorabbit,

I believe you have soundly taken inmate #133948 to the cleaners. Thank you for facts and not B.S. opinion!

 

Jackrorabbit,

I believe you have soundly taken inmate #133948 to the cleaners. Thank you for facts and not B.S. opinion!

Yup,ditto,what he said. :thumb:

 

Fear is the Key –Control Your Mind-Control Your Life

I find it quite fascinating the panic we see on this post if the slightest bit of “hope” is injected into the mix. The hope for a BETTER future and the ability for one person to influence their own future and not capitulating control to others for their own destiny.

Actually, I am use to this type of attitude by having worked with many “city people” in crisis. Of course the welfare bound city people unabashedly accept government handouts, due to same “sky is falling” and not in my control attitude.

The fact is, the victory in battle for the TRUE WARRIOR is not bound by fear of the enemy, but rather the resolute and determination of the righteous.


Your panic attack may now continue.


Roadagent1

 

I find it quite fascinating the panic we see on this post if the slightest bit of “hope” is injected into the mix. The hope for a BETTER future and the ability for one person to influence their own future and not capitulating control to others for their own destiny.

Actually, I am use to this type of attitude by having worked with many “city people” in crisis. Of course the welfare bound city people unabashedly accept government handouts, due to same “sky is falling” and not in my control attitude.

The fact is, the victory in battle for the TRUE WARRIOR is not bound by fear of the enemy, but rather the resolute and determination of the righteous.


Your panic attack may now continue.


Roadagent1

. . . . . Hahahahahaha , , , Oh man - knock it off, I can't stop laughing!

Lono

 

Amen Lono!

 

You could violate your standing policy on "zero thanks" . . . . omg

 

Real world problems- we should be focused on solutions rather than insults. However we must have the same basic premise or understanding. It was stated that the U.S. economy is about to collapse or something like that. I don't see that happening. Maybe you could short some stock and make yourself a billionaire if you know such things. There were people who did such in the great recession.

The article quoted about WWII was written by a historian, not an economist. The website he writes on claims they will teach you about the great depression "not the way you were taught in school"

The organization was founded mostly by millionaires and billionaires to "re-educate" regular people to accept their "conservative" philosophy of tax breaks for the rich etc.

I agree with libertarianism but this group is not about Ron Paul style liberty. It's about polices that benefit the rich. There was a recent tax break for the middle class on the table that "libertarian" Republicans rejected (even though they seem to believe that tax breaks are always the solution, but too many breaks for non-rich is a problem). So it's pretty easy to see the real agenda of such people.

http://en.wikipedia.org/wiki/Foundation_for_Economic_Education

http://en.wikipedia.org/wiki/Burton_W._Folsom,_Jr.

Cutting regulation and taxes, yes it benefits the rich so some people have an agenda to teach this to uneducated hicks, who then support policies which in turn, harm uneducated hicks.

So yes I will agree for the typical redneck the end of the world is coming. Probably won't be any jobs for you, you probably will lose your house etc. due to economic policies which favor the wealthy.

The United States has been getting wealthier the past 50 years, while average people's paychecks are drying up:

http://www.indexmundi.com/g/g.aspx?c=us&v=67

I suppose you can simply reject the statistics and replace them with a reality of your own, but I'm basing this on "official" statistics which are verifiable through reputable sources.

It's good not to trust the schools but why would you trust some millionaires that live in New York city who start an organization that teaches that everything the schools taught you about economics is wrong? Maybe they have a motivation as well.

Actually if you are worried about the economy collapsing move to irvington NY where your foundation for economic education is based. The average salary there is $92,000 a year.

http://www.indeed.com/salary/Irvington,-NY.html


Great Depression

This wikipedia article explains it. It economics 101 monetary contractions occur due to recessions. Without printing more money- the contractions get worse and create a death spiral in the economy.

If you don't trust wikipedia, well any economics textbook will say the same thing. The chariman of the federal reserve bank will say the same thing. Any economist with a job as an economist will say the same thing. Unless he rejects everything he learned in college.

http://en.wikipedia.org/wiki/Great_Depression


I guess all the economists working for the white house and the federal reserve are all idiots too and that's why they are bankrupting the country? They are all lying to us and if we just cut taxes on the rich then the end of the world will be averted?

Some people simply don't recognize this psuedo reality. I see why people believe our economy is collapsing considering average people can't pay their mortgage. The U.S. is the wealthiest nation in the world, with one of the highest standards of living and it is getting wealthier every year.

You can reject this reality and believe that we are a bankrupt impoverished nation of losers, but that is not the officially recognized version of reality.

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

I do worry though because of this:

http://www.fourmilab.ch/documents/IQ/1950-2050/

 

. . . It economics 101 monetary contractions occur due to recessions. Without printing more money- the contractions get worse and create a death spiral in the economy.

If you don't trust wikipedia, well any economics textbook will say the same thing. The chariman of the federal reserve bank will say the same thing.

The Chairman of the Federal Reserve Bank is one of the problems, not solutions. The fed is feeding the death spiral. How much feeding do you do? Weimar Republic style feeding?

Big, fat, slow, soft ball pitch here. Anyone want to take a swing, I have better things to do.

 

The infrastructure is crumbling fast. The post office, that most basic of governmental institutions, wants to close thousands of offices and stop Saturday delivery. That just screams "We're broke and we can't do this anymore!"

Passing that bill to detain Americans without charge/trial/etc. was done to be sure measures are in place to eliminate trouble-makers when the collapse hits more than the post office.

Our collapse is happening on all front: federal, state, and local. All three are out of money and drowning in debt. The politicians are trying to hold a bandaid in place for the length of their terms. After that, they don't care what happens.

 

Let's say, for arguement sake, that we do tax the rich and when that is nolonger enough then what? You seem to a student of history how did Federal Income Tax come into being? Oh yeah, the promise that only the rich would be taxed. Well we see how that went. Bill Gates is a extremely wealthy man but if he gave ALL of his wealth he could only cover the budget deficit for 15 days. Where does it end?