Is the Credit Crunch Being Over-Hyped?

[hagbard_celine]

(Sorry if there's a thread on this already:o)

I've no doubt there really is a recession and credit crunch going on, but is it really going to be as bad as the mainstream media say it will be?:confused: The papers and TV are making predictions that are virtually Apocalyptic!:eek: I'm wondering where the soup kitchens will be, the shanties in the parks. Give me a sleeping bag and I'm off to the Salvation Army hostel!:D

My point is that the fear and dread of the CC could be as bad as the CC itself, or worse:(. We may well be damanding a global currency before the ones we have now even collapse. Could this be a No-Problem-Reaction Solution?:confused:

Also I'm concerned that the CC could be a kind of Self-fulfulling prophesy. Some firms are already making redundancies based on forecasts, not current conditions. BMW in Oxford is one. Despite record profits and a new car model coming out they've laid off 850 staff and they say it's because of the recesssion!:rolleyes::mad: People are already flinching on buying things. This kind of lack of "consumer confidence" can create a recession of its own!

[jhado]

I've wondered this myself. Personally, I've seen no sign of CC around here so far. The media go on and on about it, so we are best to ignore them and their brainwashing.

[Ian2day]

The credit crunch is a Psy-Op being used to justify all the handouts to the financial sector. The public has fallen for it too. Their intention is also to have Obama fail on an economic level never seen before, and so discrediting any POC from being the president again.

[wchen99]

well....I lost my job in the credit crunch, in fact several hundred people did at the company i worked at. so there is a real human cost.

I think its exaggerated when they say its going to be equal or worse than the great depression. one minute today's recession is worse than the early 90s, then its worse than the 80s, then we go back 50 years previously! the media are just sheep who follow the easy story, and they love the dramatic headlines proclaiming the latest dire crisis.

truth is this; no one really saw the crisis coming, no one predicted how bad it would be. hence no one know where it will go next, and no one knows whether it will get better soon or whether it will take a while. these financial and economic 'forecasters' might as well use a magic 8 ball, most useless lot out.

[disorder2k8]

Ive been hearing its going to even out for a short time, and give us some temporary 'hope', possibly even rising again but its really a morphine injection before we snuff it

[wchen99]

The credit crunch is a Psy-Op being used to justify all the handouts to the financial sector. The public has fallen for it too. Their intention is also to have Obama fail on an economic level never seen before, and so discrediting any POC from being the president again.


The public won't blame Obama for a crisis he inherited. His bailouts have just been an exact continuation of Bush's bailouts, so its not like hes following a different approach in the slightest.

[yozhik]

credit crunch = fear

another case of problem ---> reaction ---> solution

[thirdwave]

half of it is due to the hype because people are afraid to spend money.... its a catch 22...

its all fear based.... fear = weakness. when people are weak they are easy to control...

My work place has got a bit quite and some associates have lost their jobs... I do think it is relevant but of course it is the way it is intended to be, which is why the media hype it to no end.

[dreamweaver]

(Sorry if there's a thread on this already:o)

I've no doubt there really is a recession and credit crunch going on, but is it really going to be as bad as the mainstream media say it will be?:confused: The papers and TV are making predictions that are virtually Apocalyptic!:eek: I'm wondering where the soup kitchens will be, the shanties in the parks. Give me a sleeping bag and I'm off to the Salvation Army hostel!:D
You work in the public sector and have little prospect of losing your job.

The effects are very apparent for anyone who is in casual or insecure employment, or is actively seeking work. Students who I know tell me that even what they would regard as crap jobs (minimum wage shop and cleaning jobs, for example) are as rare as rocking horse shit, even in London.

It's real, Hagbard, it's just that you are currently one of the haves rather than the have-nots.

[anthony65]

You work in the public sector and have little prospect of losing your job.

The effects are very apparent for anyone who is in casual or insecure employment, or is actively seeking work. Students who I know tell me that even what they would regard as crap jobs (minimum wage shop and cleaning jobs, for example) are as rare as rocking horse shit, even in London.

It's real, Hagbard, it's just that you are currently one of the haves rather than the have-nots.

It's real because the elite created it.

What is not real (yet) are the comparisons with the great depression and there is no rational, logicial reason why we should ever experiences those levels of poverty again.

Modern technology, communications, infrastructure should ensure that we do not see real poverty in developed countries...

Unless the top of the pyramid wants to see third world poverty in first world nations.

Hence their desire for crises, health scares, food scares, population scares, wars, etc....

And what do all of the "scares" have in common?

They are conceived and created by 1% of the population and enforced by 10% more of complete tossers who are selling out their own countries, their own people, their own families....

and, of course, selling out themselves (and their souls)...

This is a war of a miniscule minority of evil twats, supported by a somewhat larger minority of slightly less evil, but definitely misguided, twats against the interests of the vast majority....

None of the bad stuff has to happen.

None of it has to be.

[disorder2k8]

News jobs are being created in environmental policing, they were advertising in my local paper not long ago about needing 'environmental investigators' to make sure all homes were energy efficient, and they literally said the job position was safe from the credit crunch.

(edited to rephrase that it wasnt only 'new' homes, it was all homes everywhere)

[kingmonkey]

It's possible that the fear surrounding the credit crunch will actually invoke it. Once people become wary of spending too much etc. on a huge scale and then stop, that'll have an increased effect. Possibly, dunno really! :confused::D

Just my 2 cents, finance is not my strong point.

[steevo]

The economy is almost totally based on the BELIEF in the monetary system and the economy. So if you dont believe in it any more then it cannot exist. That's why they always go on about "confidence" when they discuss the economy in th media. If you are a business and you are NOT confident that the economy is strong, then you are likely not to risk investing in it.

By talking about the so called "credit crunch" continually in the media, then it will completely destroy it. But it was pretty much all an illusion anyway.

[danster82]

If theres no actual major effect in the near future I will have to rethink what I think I know about the financial system, Otherwise we should expect to see some serious effect of this very soon.

[demise_of_time]

If you really think about it; the big rollers have control of the money to begin with. They are NEVER in a recession; they just need reasons and excuses to move a lots of money from one project to another. It is passing through the public sector so we are very aware of it, but the news tells us it's a recession and we totally buy into it. Hell, people still go shopping like crazy in fear of not having money, when all they are doing is funding this double sided scheme.

[angelmoon]

i watched the zietguist addendum the other day and it go's in to detail the history of the reasons behind the so called credit crunch and when watched it all fits into place what is happening now and why

[free_soul]

(Sorry if there's a thread on this already:o)

I've no doubt there really is a recession and credit crunch going on, but is it really going to be as bad as the mainstream media say it will be?:confused: The papers and TV are making predictions that are virtually Apocalyptic!:eek: I'm wondering where the soup kitchens will be, the shanties in the parks. Give me a sleeping bag and I'm off to the Salvation Army hostel!:D

My point is that the fear and dread of the CC could be as bad as the CC itself, or worse:(. We may well be damanding a global currency before the ones we have now even collapse. Could this be a No-Problem-Reaction Solution?:confused:

Also I'm concerned that the CC could be a kind of Self-fulfulling prophesy. Some firms are already making redundancies based on forecasts, not current conditions. BMW in Oxford is one. Despite record profits and a new car model coming out they've laid off 850 staff and they say it's because of the recesssion!:rolleyes::mad: People are already flinching on buying things. This kind of lack of "consumer confidence" can create a recession of its own!

IMHO the credit crunch is real to an extent.

I am personaly suffering the prices going up and was made redundent at the end of last year because the ank would not lend to the company i worked for so yes to me it is real.

Seems though it is all y design not by accident

[simplysimon]

Yup, it's real. I was also made redundant last year. I am highly skilled and supposed to be working in a full steam ahead industry. In 2006 I put my CV out and got over 100 calls the first day, in August 2008 I got just over 30 calls first day, now, I've had about 20 calls in two months. I guess the market is pretty tough.

If you spend some time watching your local High Street, I think you'll see the CC in action. Look at the people themselves, lots wandering around looking as if they're about to cry.

Check out the vacant High Street shops, the bankruptcy, mortgage arrears and reposession figures, not to mention the amount of homeless people.

If you can't see or have been unaffected by the credit crunch, congratulations, but to dismiss it is a little bit naieve.

[sade]

The English media has talked about the credit crunch 24/7 for the past 3 years or more BEFORE it happened with headlines like:
"CREDIT CRUNCH, PREPARE!" / "THE CREDIT CRUNCH WILL SOON HIT THE UK!"
Why? Why fill the newspaper with such headlines before anything has happened?

This is so that people will read the headlines, think about it,
fear it and then when the critical amount of people have been reached:
Manifest what they fear the most.

[dusthead]

well....I lost my job in the credit crunch, in fact several hundred people did at the company i worked at. so there is a real human cost.

I think its exaggerated when they say its going to be equal or worse than the great depression. one minute today's recession is worse than the early 90s, then its worse than the 80s, then we go back 50 years previously! the media are just sheep who follow the easy story, and they love the dramatic headlines proclaiming the latest dire crisis.

truth is this; no one really saw the crisis coming, no one predicted how bad it would be. hence no one know where it will go next, and no one knows whether it will get better soon or whether it will take a while. these financial and economic 'forecasters' might as well use a magic 8 ball, most useless lot out.

Strangely, I remember several people who saw this coming. Everyone went nuts on credit cards when Blair got in (some people I know are as much as £30,000 in debt). There were documentaries on Channel 4 warning that with ridiculous trends in house buying the country would be facing economic crisis in the near future. Unfortunately the majority of people were too greedy/stupid to care and the programme went largely ignored.

For my own part, I stayed away from credit cards etc and lived within my means, telling myself I was doing 'the right thing' and the stupid people would go down the toilet - how wrong I was! We all have to pay for everyone else's stupidity as the above quote demonstrates. I might as well have bought a load of expensive recreational crap for all the good it did me.

I believe the credit crunch is a bit over-hyped and it will blow over, but it will take a very long time to fix and the economy won't be quite the same again.

[yozhik]

Yup, it's real. I was also made redundant last year. I am highly skilled and supposed to be working in a full steam ahead industry. In 2006 I put my CV out and got over 100 calls the first day, in August 2008 I got just over 30 calls first day, now, I've had about 20 calls in two months. I guess the market is pretty tough.

If you spend some time watching your local High Street, I think you'll see the CC in action. Look at the people themselves, lots wandering around looking as if they're about to cry.

Check out the vacant High Street shops, the bankruptcy, mortgage arrears and repossession figures, not to mention the amount of homeless people.

If you can't see or have been unaffected by the credit crunch, congratulations, but to dismiss it is a little bit naieve.

The credit crunch is real in terms of the resultant impact on Mr and Mrs Average; however, that is how it has been designed to work.

It is 100% orchestrated, planned, designed and executed.

Take AIG for example ... whilst EVERYONE has been programmed to focus in on the $165 Million in "retention bonuses", again by design, it has taken everyone's eye of the REAL fraud involving AIG.

The most recent of bailout handouts, stolen from the taxpayer, was used to pay of their Banking Buddies, to the tune of 100% of their derivative exposure.

To put that into context; while the banks are refusing to accept market value of their sub prime assets and derivatives, which would probably be in the region of 30c in the $ ... IF THEY WERE LUCKY!! ... AIG compensated the likes of Deutsche Bank 100% of their subprime losses/exposures, with full payment of the credit default swaps.

So while the rest of the "normal" world takes a massive hit on its exposure to these subprime derivatives, including the credit default swaps (insurance that isn't insurance), the Big Boys in banking suits are either receiving taxpayer money directly, with no repercussions for their irresponsible corporate behaviour, OR, the are receiving taxpayer money indirectly, by having their worthless "investments" paid off at book value instead of true market value that everyone is expected to wear.

... and let us not forget ... the taxpayer/bailout money is coming from the Central Banks, which is a loan with interest!

So not only are the banks walking away free as a bird, they are actually plying MORE debt onto the taxpayers, with interest, adding further to the enslavement and bonded labour.

Also, can someone PLEASE explain to me how the banks, who are receiving taxpayer funds, are allowed to benfit from borrowing from the Central Banks at the lowest rate for decades - less than 2% pretty much everywhere - and yet credit card interest rates are now (in some cases) at 42% APR?

Where is the social responsibility of everyone sharing in the pain?
If the hand of help is being extended to the banks - which the taxpayer has no say in - then shouldn't there be an obligation for the banks to pass that on to the taxpayers who are helping them out?
Why is nothing being done about this? ... unless of course, this is what was planned all along.

Don't worry - we still have the inflation, hyperinflation, unemployment, scarcity of supply, sickness, poverty, crime and police state to look forward to! But the solution will be some contrived panacea involving a further loss of liberties and acceptance of further draconian policies of intrusion.

... and yet we believe its real ... we pray for the "credit crunch" to improve ... and we believe the bullshit spewing from our TV sets everyday.

[simplysimon]

I'm well aware that it is a contrived financial crisis. There can be no other type of recession with a fiat currency.

This doesn't stop it from being real though.

[who elsie]

(Sorry if there's a thread on this already:o)

I've no doubt there really is a recession and credit crunch going on, but is it really going to be as bad as the mainstream media say it will be?:confused: The papers and TV are making predictions that are virtually Apocalyptic!:eek: I'm wondering where the soup kitchens will be, the shanties in the parks. Give me a sleeping bag and I'm off to the Salvation Army hostel!:D

My point is that the fear and dread of the CC could be as bad as the CC itself, or worse:(. We may well be damanding a global currency before the ones we have now even collapse. Could this be a No-Problem-Reaction Solution?:confused:

Also I'm concerned that the CC could be a kind of Self-fulfulling prophesy. Some firms are already making redundancies based on forecasts, not current conditions. BMW in Oxford is one. Despite record profits and a new car model coming out they've laid off 850 staff and they say it's because of the recesssion!:rolleyes::mad: People are already flinching on buying things. This kind of lack of "consumer confidence" can create a recession of its own!

Yes, it's been over-hyped, but it's fast becoming very, very real - all by design of course. David Icke is not someone normally prone to adding to media hype, but his newsletters and Headlines postings have frequently reflected a great deal of concern about the GLOBAL financial situation. Some have been quite dramatic, such as this from 4th March:

"Very important information: global shipping movements collapse

I have had my eye on this situation for some weeks since I came across news that shipping movements were falling dramatically and this trend has since continued. What this means, of course, is that goods are not being shipped around the world on anything like the scale we have been used to and this is going to bring first a reduction in choice and variety in the shops and then, as the global economy continues to collapse, a shortage of more basic needs.

Without rushing out in a panic-stricken state and emptying the supermarket shelves, I would suggest that this is certainly a time to start building a stock on non-perishable foods because, as I keep pointing out, this is an economic catastrophe in the unfolding and we need to tune ourselves to the new world that is coming, at least in the next few years, when the basic needs are going to be far more at the forefront of our thoughts than the insane consumerism that has, well, consumed us."

So Icke, it seems, certainly believes the CC is real and will affect us all in significant ways, but as he suggests it is down to us as to how we react to it, whether it will be positive or negative for us in the long run.

[thirdwave]

My sister lost her job and fell on her feet as she got a pay off.. time off, and got a better paid job 2 weeks later...

there is movement going on and effort to put the fear out, so yeah some people are going to feel it... but if it was as bad as the MSM has been making out then in a years time we will all be living in tents next to bin fires.

they will put the fear out enough for people to jump to a new currency before the crunch reaches them... and I would imagine there will be a few other catches as well...

but what can you do... if people want to ignore the crimes of the elite then they should not complain when they get stung but them...

[wchen99]

Its important also not to confuse the credit crunch with the recession; they are not the same thing. The credit crunch (worldwide) helped cause the recession. The credit crunch may have been based on confidence, smoke and mirrors etc, as it is largely based in the financial world. The recession is very real. Yes it is being exaggerated by some elements of the media, but it is real, and no-one saw it coming before it was too late.

People did warn about credit getting out of control years ago, I warned my friends too. But the key thing is, none of us expected that when the credit boom ended, it would cause such a shock to the entire global economy.

[yozhik]

but what can you do... if people want to ignore the crimes of the elite then they should not complain when they get stung but them...

What can you do? Some simple things;
1) boycott ALL business to receive bailouts (direct funding).
2) boycott ALL business to benefit from bailouts (indirect funding).
3) do NOT vote for any pro-bailout MP
4) serve Notice to your local MP's and Council that you will be holding them accountable.
5) officially withdraw your consent to govern from your local MP.
6) boycott all mainstream media (including your Sky subscription)

The things we can do are endless.
The real question is; how many are prepared to go without their creature comforts to show the elite that their games have come to an end?

Is anybody willing to make small VOLUNTARY sacrifices? Or are the enforced sacrifices enough to make us all retreat back into our shells and make us all beg for mercy and take whatever medicine they prescribe?

[demise_of_time]

For my own part, I stayed away from credit cards etc and lived within my means, telling myself I was doing 'the right thing' and the stupid people would go down the toilet - how wrong I was! We all have to pay for everyone else's stupidity as the above quote demonstrates. I might as well have bought a load of expensive recreational crap for all the good it did me.


This is the part that makes me most angry. Everyone is a part of this, so enough of a land slide one way is going to be detremental to all. It's funny isn't it; we can easily have our credit destroyed by complete morons who do nothing but end up making the honest people lose money, but we can't band together to realize it's a scam in the first place. Way to go human race!



they will put the fear out enough for people to jump to a new currency before the crunch reaches them... and I would imagine there will be a few other catches as well...


Damn, I didn't even think of that.

[devanshoom]

The economy is almost totally based on the BELIEF in the monetary system and the economy. So if you dont believe in it any more then it cannot exist. That's why they always go on about "confidence" when they discuss the economy in th media. If you are a business and you are NOT confident that the economy is strong, then you are likely not to risk investing in it.

By talking about the so called "credit crunch" continually in the media, then it will completely destroy it. But it was pretty much all an illusion anyway.

agree with that

[flyermay]

It is 100% orchestrated, planned, designed and executed.

I agree with you completely; in my opinion, you are absolutely right. I guess that in this forum everyone already knows that most crisis from the 20th century (probably all) had been already proved to be provoked by elite bankers and rulers to further impoverish the middle and working classes.

Actually, if you think about it, and see the big picture from the eyes of the perpetrators, it is possible to benefit from the crisis at a personal level and even make a good profit out of it, which I guess proves how they also benefit from it. I have tested this theory during the current crisis with excellent results just by realising how these “people” benefit from the collapse of the economic system. You just have to go against the flow, and do the contrary of what everyone else is doing (...sounds like the story of my life).

Obviously, your benefits will be nowhere near theirs; much less taking into account that the real profit is in the knowledge of when each crisis will start and end. But I realised it in the middle of the crisis and still worked. Anyway, now I’ll be fully prepared for the next crisis, which I'm sure there will be one sooner or later; I just hope it will happen in my life time.

It’s just a shame that most of the people doesn’t even suspect what is going on, and end up suffering the consequences of the corrupt system that was imposed on us. I tried to make as much people aware of it as possible, but most of them simply refuse to believe the evidences (even my own family) and prefer to think that “they” are working hard to solve the problems and that “they” will end up solving it all. Just say that most people still believes that their governments actually work for them, and not the other way around.

[alzee]

I sell high value products via my website, typically around £4k - this recession hasn't touched me at all yet. The last quarter of this financial year is on target to at least match the same period last year.

What recession? :p

[whiteshadow]

It's the bloody BBC with their big fat downward pointy arrows, and 'THE DOWNTURN' in big red letters.
A fine example of brainwashing - well if it's on the BBC it must be true.

[rydeon]

I work offshore on the oil and gas rigs.

2005 and 2006 was a boom year as was 2007.

2008 I got no more than 3 contracts compared with the dozens previous. Turnovers plummetted.
Credit tightened, companies didn't want to flash the cash.

I shudder to consider how many 2009 will bring, if at all.

The price of oil being so low being one of the main factors.

[steevo]

The credit crunch is completely fake. It's a self-fulfilling prophecy.
The PTB dont want us to know this or that it was all planned and orchestrated by them AND that the economy was fake ANYWAY. The reason that it is "over-hyped" in the media is for many reasons. Here are a few of them :-

- They have to make us believe that it has all been a result of errors, bad management, inevitability (it's reached the end of it's course), our own fault and other reasons

- The constant talk of the credit cruch in the media ensures that the REAL business' will no longer invest in the economy (they have no CONFIDENCE in the economy or the monetary system).

- The media then announces solutions (global currency, one world goverment, ID cards etc).

- The mainstream media then informs us of massive job losses, and then comes up with the solution of Climate Police; Border Security; mandatory military service; camps for the jobless and homeless; dig holes and fill them in again etc

[flyermay]

The credit crunch is completely fake.

I don't think that the credit crunch, nor the crisis, are fake. There are far too many people having real economic problems and suffering the consequences to assume it is a fake. In the other hand, if by fake you are referring to provoked, I'm completely with you; it has been planned and executed as well as the other crisis.

But, isn't the current economic system meant to crash sooner or later? Think about it, most of the economic wealth of the world is just printed paper or bits in a computer; there are no tangible goods to back up all that wealth. Many say that it is because of the fiat currency, but I don't think that having the gold standard would have solved the problem either. The real problem is the fractional banking system, which allows banks to lend 10 times the amount of money they have in the bolts -and to make a real profit out of wealth that doesn’t exist. And if you add the fact that banks do lean to one another, it allows those 9 inexistent parts being multiplied by 9, and another 9, and another 9, and so on… we have just reached a point where banks themselves have realised that there are not enough goods to back up all the printed money/electronic debt.

And who benefits from all this mess? The ones who have the divine power of printing money out of thin air. And who pays the consequences? The ones who have to back up those worthless pieces of printed paper / electronic accounts (money) with real wealth tangible assets (properties). So we have that the fractional banking system is nothing more than a well planned scam to take real wealth out the hands of the public, and put it in the hands of the wealthiest.

In other times, the Christian church called it “usury”, and the perpetrators were executed for doing it. Today the same church is actively involved in it, and the perpetrators rewarded by our governments and admired by the same public who they scam!

[thirdwave]

put it this way... if no one listened to the radio or TV, then the "credit crunch" would go pretty unnoticed... as half of the problems are panic and worry.

[hagbard_celine]

half of it is due to the hype because people are afraid to spend money.... its a catch 22...

.

This is what I'm afraid of:(. It's the perfect engineered recession. You just tell the people in the media about it and they respond accordingly. And... Voila... one gift-wrapped credit crunch!:rolleyes:

[hagbard_celine]

Yup, it's real. I was also made redundant last year. I am highly skilled and supposed to be working in a full steam ahead industry. In 2006 I put my CV out and got over 100 calls the first day, in August 2008 I got just over 30 calls first day, now, I've had about 20 calls in two months. I guess the market is pretty tough.

If you spend some time watching your local High Street, I think you'll see the CC in action. Look at the people themselves, lots wandering around looking as if they're about to cry.

Check out the vacant High Street shops, the bankruptcy, mortgage arrears and reposession figures, not to mention the amount of homeless people.

If you can't see or have been unaffected by the credit crunch, congratulations, but to dismiss it is a little bit naieve.

I most certainly do not dismiss it... but merely question if the Armageddon prophesies of the media quite match up to the reality of the situation:confused:.

[simplysimon]

It is a perfect financial storm (the consequences of which will be very real and painful).

The most telling piece of research I read was that it all started with a $550 billion withdrawal of investment from banks in the USA (If i remember correctly by Zionist interests). The deleveraging caused by that equated to some $16.5 trillion.

And here we are.....

[john white]

(Sorry if there's a thread on this already:o)

I've no doubt there really is a recession and credit crunch going on, but is it really going to be as bad as the mainstream media say it will be?:confused: The papers and TV are making predictions that are virtually Apocalyptic!:eek: I'm wondering where the soup kitchens will be, the shanties in the parks. Give me a sleeping bag and I'm off to the Salvation Army hostel!:D

My point is that the fear and dread of the CC could be as bad as the CC itself, or worse:(. We may well be damanding a global currency before the ones we have now even collapse. Could this be a No-Problem-Reaction Solution?:confused:

Also I'm concerned that the CC could be a kind of Self-fulfulling prophesy. Some firms are already making redundancies based on forecasts, not current conditions. BMW in Oxford is one. Despite record profits and a new car model coming out they've laid off 850 staff and they say it's because of the recesssion!:rolleyes::mad: People are already flinching on buying things. This kind of lack of "consumer confidence" can create a recession of its own!

I've no doubt you are right about the self-fullfilling aspects of economic doom and gloom hagbard, but the real hype was in the belief in an economy based on nothing being believed to have value in the first place

For all the running around headless chickens style, perhaps this is a great opportunity to generate real clarity about money, what it is, what it has been, and what it could be

[steevo]

I've no doubt you are right about the self-fullfilling aspects of economic doom and gloom hagbard, but the real hype was in the belief in an economy based on nothing being believed to have value in the first place

For all the running around headless chickens style, perhaps this is a great opportunity to generate real clarity about money, what it is, what it has been, and what it could be

I agree JW that "credit crunch" is gonna make ALOT of people ask questions that they had never thought of asking before, and that is certainly a positive thing. If they start asking the RIGHT questions TO THEMSELVES, THEN.....:)

The thing is that the NWO are waiting in the wings with the "solution" to the APPARENT "disaster". They are gonna appear like they are our saviours. THAT is the problem that we face.

[hagbard_celine]

I've no doubt you are right about the self-fullfilling aspects of economic doom and gloom hagbard, but the real hype was in the belief in an economy based on nothing being believed to have value in the first place

For all the running around headless chickens style, perhaps this is a great opportunity to generate real clarity about money, what it is, what it has been, and what it could be

Well, absolutely!:cool: This is that danger/opportunuity word that is in Chinese!:cool: The more the global economic system goes to shit the more encouraged we will be to take it and turn it into something better! Bear in mind that he Ithaca Hour was born out of the crash of 1929. See: http://www.ithacahours.com/

[14april2000]

The credit crunch is a Psy-Op being used to justify all the handouts to the financial sector. The public has fallen for it too. Their intention is also to have Obama fail on an economic level never seen before, and so discrediting any POC from being the president again.

I can`t hardly see if it matter if it`s a PsyOps or not - The Wall Street Crash on 29 october 1929 and the economic depression 1930thies was also a Psy-Ops and a takeover of the small and minimum size financial and industrial companies.

[lyndon]

1. we (or our parents or grandparents) saw this more recently in the early '70s. the OIL CRISIS.

2. we have escalated in consumer UNneccesities like telephones, PC, designer clothes - luxury goods...

3. We have strived to have this, imaged ourselves on films, and stars and footballers earning millions and living in the lap of luxury.

So, we're in debt and hooked to this imaginary world of makebelieve - then BOOM - the party is over - we're in CREDIT CRISIS.

So we are in FEAR, we panic, CONFUSION sets in - it's a good negative atmosphere, for us to be remanipulated towards other things.

so when things get APPARENTLY good again, let's not forget these times to get into the same state.

I haven't read the WHat is Money ? , yet

But the real wealth is human creation and capabilty and collaboration to acheive things ;

If you really work, with your head or your hands and create, this is wealth, exchangeable wealth.

For too long MONEY has been the basis and through greed at all levels we have worshiped it and followed it.

So don't borrow and don't worship money.

SO THE CREDIT CRUNCH IS NOT REAL AND IS A NEGATIVE TOOL TO INSTALL FEAR AND CONFUSION ON A WORLDWIDE SCALE

[14april2000]

1. we (or our parents or grandparents) saw this more recently in the early '70s. the OIL CRISIS.

2. we have escalated in consumer UNneccesities like telephones, PC, designer clothes - luxury goods...

3. We have strived to have this, imaged ourselves on films, and stars and footballers earning millions and living in the lap of luxury.

So, we're in debt and hooked to this imaginary world of makebelieve - then BOOM - the party is over - we're in CREDIT CRISIS.

So we are in FEAR, we panic, CONFUSION sets in - it's a good negative atmosphere, for us to be remanipulated towards other things.

so when things get APPARENTLY good again, let's not forget these times to get into the same state.

I haven't read the WHat is Money ? , yet

But the real wealth is human creation and capabilty and collaboration to acheive things ;

If you really work, with your head or your hands and create, this is wealth, exchangeable wealth.

For too long MONEY has been the basis and through greed at all levels we have worshiped it and followed it.

So don't borrow and don't worship money.

SO THE CREDIT CRUNCH IS NOT REAL AND IS A NEGATIVE TOOL TO INSTALL FEAR AND CONFUSION ON A WORLDWIDE SCALE

I have never bought anything on credit and never had a loan. I am pretty tried of this Icke idea that everything is an illusion - anyway for most people it`s real.

[phoebe]

I've heard of the credit crunch but when
I look out the window the world looks the same to me :)
Yeah I know it's real, but it's engineered.

[14april2000]

Yeah I know it's real, but it's engineered.

Very True.

[thirdwave]

a few banks pull the plug of a few deals..... you make the whole world scared shitless of spending money with the press pumping it into peoples heads 24/7, and that is what we are seeing now...

I believe the fear will keep going on and a few more plugs will be pulled just about to the point where we see a few riots and protests.... and then our wonderful and wise leaders will table the solution.

[oneofthemasses]

The current economy is the perfect opportunity for the gap between the rich and poor to grow. And that is exactly what is happening.

For every hard working low level businessman who loses his business, a rich man snaps it up at a bargain only to add it to their empire. Or at the very least, one competitor may be gone.

For everyone that loses their house, you can bet that someone better off and living comfortably will step in and snap it up at a steal of a deal and rent it back to you. ;)

[justnotsure]

The current economy is the perfect opportunity for the gap between the rich and poor to grow. And that is exactly what is happening.

For every hard working low level businessman who loses his business, a rich man snaps it up at a bargain only to add it to their empire. Or at the very least, one competitor may be gone.

For everyone that loses their house, you can bet that someone better off and living comfortably will step in and snap it up at a steal of a deal and rent it back to you. ;)


Very very true. See the commercial property industry - there has been a huge huge crash in property values. Some people might feel "they" had it coming to them but the majority of commercial property is held by your pension fund, life insurer or favourite charity and is worth a lot lot less than it was 2 years ago.

[bobhodge]

almost every post on here is completely wrong. this recession is very real and statistical figures prove it. its clear that none of you have advanced training in economics like me. recessions are very easy to induce. a recession is simply caused by contracting the amount of money in circulation. of course, they cant just contract the money supply for no reason to cause a recession whenever they want, so they must come up with legitimate excuses. the globalization of fraudulently written financial instruments is the reason for this credit crisis and the cause of the contraction of money supply.

[icke_is_right]

It's waking people up to the illusion that has existed since gold standards were exited. (If they were real in any case). EG Nixon exiting gold standard in 1971.

What I'm saying is this:

The amount of currency created out of thin air has been rising for decades. People have based their whole lives on working for this. Unless they have real tangible goods that they've converted cash to, people will not be left with much.

Billions have gambled on putting their trust in paper promises.

So the credit crunch to me is the elite saying.

'Hey suckers, here's your wake up call. All the stuff you thought was real was not'

The media is the alarm clock they use for this.

The situation has existed for years. They've also recently added a whole lot of fuel to the flames by making sure it happens. Money supply graphs look like hockey sticks now.

I think that if you want to judge how bad things are getting, look to see when imported foods start being hard to buy.

As I cycle around the counrtyside here in Germany where the crops are sewn, I wondered what would happen if fuel supplies stopped. Perhaps one of the most important things to stock up on is veg oil or diesel fuel as it could well help save some back breaking work by running a diesel engine. Ie something like a tractor. Hey, but that's just an idea.

[fekdemasons]

My sister lost her job and fell on her feet as she got a pay off.. time off, and got a better paid job 2 weeks later...

there is movement going on and effort to put the fear out, so yeah some people are going to feel it... but if it was as bad as the MSM has been making out then in a years time we will all be living in tents next to bin fires.

they will put the fear out enough for people to jump to a new currency before the crunch reaches them... and I would imagine there will be a few other catches as well...

but what can you do... if people want to ignore the crimes of the elite then they should not complain when they get stung but them...


Guys, if things go as they wish and we have tent cities etc.. people will do the following.

If my best mate who I've known for 20 years gets repoed and his family have nowhere to go but the soup kitchen. I take him into my house. Or he goes to live at his parents place.Likwise my brothers and sister.

Not ideal living conditions but compared to the third world not exactly poverty.

Maybe this will bring communities together in a way not seen before. That is my hope. It would seem the only hope for Humanity is ...well humanity.


I got made redundant last month. I'm looking into working from home. I'm studying financial trading and have bought a system to try out.

Never done it before but if it works I will send a PM to anyone interested.

Lets stay positive. Positive thinking cant make things any worse , surely..

[bobhodge]

Guys, if things go as they wish and we have tent cities etc.. people will do the following.

If my best mate who I've known for 20 years gets repoed and his family have nowhere to go but the soup kitchen. I take him into my house. Or he goes to live at his parents place.Likwise my brothers and sister.

Not ideal living conditions but compared to the third world not exactly poverty.

Maybe this will bring communities together in a way not seen before. That is my hope. It would seem the only hope for Humanity is ...well humanity.


I got made redundant last month. I'm looking into working from home. I'm studying financial trading and have bought a system to try out.

Never done it before but if it works I will send a PM to anyone interested.

Lets stay positive. Positive thinking cant make things any worse , surely..

you got ripped off.

[thirdwave]

Maybe this will bring communities together in a way not seen before. That is my hope. It would seem the only hope for Humanity is ...well humanity.


Very true... I mean this will happen at some stage .its a case of how fucked up people will allow things to get...

but you do hear so much doom and gloom about humans.... but I think when snapped out of the trance state society puts people in you do see some qualities.

it could also flush out this ego thing... nice cars, big jobs... so on... as people will learn its all manipulation anyway... and also not really the key to being a man... so on...

[flyermay]

Now that the G20 summit in London is over, it seems clearer to me that one of the main reasons for this induced global crisis was no less than agreeing on harder laws and regulations for international banking (in between many other, like tightening us short).

For what I extracted from the G20 summit: these bastards cannot sleep well knowing that some of their citizens have bank accounts in fiscal paradises without getting their huge chunk in taxes. That’s what all is about: regulating international banking, getting accurate reports on who owns what, and putting an end to avoid paying their abusive taxes (I guess that killing women and children abroad is quite expensive).

And who pays the consequences of the crisis: you and me (but I guess that doesn’t really matter as long as they get their piece of the pie).

http://www.davidicke.com/forum/picture.php?albumid=309&pictureid=2909

[14april2000]

Hassing Every Credit Crunch In World History Being Over-Hyped?