maybe the second economic downfall

[jack1]

i dont know if its true but i heared from another forum (dutch one) that the downfall is beginning again in america an worse one then the last time.

if this is true you all know what that means.
can someone help me find more proof about this?

i hope this one comes through the message because i got an error internet thing last time XD.

[wake_up_bomb]

Two things have kept the American economy going. Perpetual phoney wars, and the dollar being the world's reserve currency. In the current system, creating money by definition creates debt, so it should come as no surprise that 'the richest country in the world' has astronomical levels of debt:

http://www.usdebtclock.org/

What this means in simple terms is that sooner or later, this level of debt has to come home to roost. The dollar will be hugely devalued, and / or the States might have to take some pretty nasty medicine from the IMF. Of course, the ruling classes will make damned sure that they're completely unaffected, while millions of middle-class and poor Americans will be made to suffer. It could theoretically get bad very quickly, akin to Argentina, but this is unlikely as the establishment do not want to see America crumble dramatically and there to be rioting on the streets and huge poverty, homelessness and hunger in the immediate future, as this would wake everyone else up to the fact that something is very wrong, and would make it much harder for them to use the US military as a vehicle of empire building, as they are clearly ramping up to do in Iran in the near future.

We keep hearing in the UK that the economy is recovering and we are coming out of recession. This economy cannot possibly be in good condition, considering the amount of government debt increased threefold overnight when they took a 65% stake in LLoyds-HBOS. Sooner or later the astronomical levels of debt that only continue to increase will have some very nasty consequences. Just ask the third word, Brazil, Argentina, Japan, etc.

[jimmythebee]

Two things have kept the American economy going. Perpetual phoney wars, and the dollar being the world's reserve currency. In the current system, creating money by definition creates debt, so it should come as no surprise that 'the richest country in the world' has astronomical levels of debt:

http://www.usdebtclock.org/

What this means in simple terms is that sooner or later, this level of debt has to come home to roost. The dollar will be hugely devalued, and / or the States might have to take some pretty nasty medicine from the IMF. Of course, the ruling classes will make damned sure that they're completely unaffected, while millions of middle-class and poor Americans will be made to suffer. It could theoretically get bad very quickly, akin to Argentina, but this is unlikely as the establishment do not want to see America crumble dramatically and there to be rioting on the streets and huge poverty, homelessness and hunger in the immediate future, as this would wake everyone else up to the fact that something is very wrong, and would make it much harder for them to use the US military as a vehicle of empire building, as they are clearly ramping up to do in Iran in the near future.

We keep hearing in the UK that the economy is recovering and we are coming out of recession. This economy cannot possibly be in good condition, considering the amount of government debt increased threefold overnight when they took a 65% stake in LLoyds-HBOS. Sooner or later the astronomical levels of debt that only continue to increase will have some very nasty consequences. Just ask the third word, Brazil, Argentina, Japan, etc.
well said---following the same script towards depression as we speak:eek:

[jack1]

Two things have kept the American economy going. Perpetual phoney wars, and the dollar being the world's reserve currency. In the current system, creating money by definition creates debt, so it should come as no surprise that 'the richest country in the world' has astronomical levels of debt:

http://www.usdebtclock.org/

What this means in simple terms is that sooner or later, this level of debt has to come home to roost. The dollar will be hugely devalued, and / or the States might have to take some pretty nasty medicine from the IMF. Of course, the ruling classes will make damned sure that they're completely unaffected, while millions of middle-class and poor Americans will be made to suffer. It could theoretically get bad very quickly, akin to Argentina, but this is unlikely as the establishment do not want to see America crumble dramatically and there to be rioting on the streets and huge poverty, homelessness and hunger in the immediate future, as this would wake everyone else up to the fact that something is very wrong, and would make it much harder for them to use the US military as a vehicle of empire building, as they are clearly ramping up to do in Iran in the near future.

We keep hearing in the UK that the economy is recovering and we are coming out of recession. This economy cannot possibly be in good condition, considering the amount of government debt increased threefold overnight when they took a 65% stake in LLoyds-HBOS. Sooner or later the astronomical levels of debt that only continue to increase will have some very nasty consequences. Just ask the third word, Brazil, Argentina, Japan, etc.

this i know. and i have seen some numbers things are going downwards now. on cnn as an example but there is one thing now also if this is happening and there are still many people that watch normal news and not this. when they will see it it will be much to late XD. (its already to late but you know what i mean). and will america pull the whole world with it or not?

[the white knight]

It may be true read this piece in the Daily Reckoning, in the USA the cash for clunkers finished a good month ago car sales have now fallen to there lowest levels for 28 years, 80% of all USA house sales have used some tax help by the Fed which ends in November also the Fed sayes they are going to stop boosting the USA stock market in Dec common sense says that in Jan the USA will go downhill again we shall see.

http://www.dailyreckoning.co.uk/economic-forecasts/modern-depression-housing-economy-99971.html

[jack1]

It may be true read this piece in the Daily Reckoning, in the USA the cash for clunkers finished a good month ago car sales have now fallen to there lowest levels for 28 years, 80% of all USA house sales have used some tax help by the Fed which ends in November also the Fed sayes they are going to stop boosting the USA stock market in Dec common sense says that in Jan the USA will go downhill again we shall see.

http://www.dailyreckoning.co.uk/economic-forecasts/modern-depression-housing-economy-99971.html

thanks XD

[decim]

Baltic Dry

http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND

[wake_up_bomb]

on cnn as an example but there is one thing now also if this is happening and there are still many people that watch normal news and not this. when they will see it it will be much to late XD. (its already to late but you know what i mean).
You have actually answered your own question there. I think it is one of the safest bets you can make that virtually no-one can see what is coming. People have virtually no economic knowledge, understanding or awareness whatsoever, and sad to say I find everyday people to be increasingly materialistic, while at the same time not understanding really basic concepts like how can a nation maintain an apparently affluent way of life when it is in huge debt and barely produces anything. It will hit people hard, without warning, and people will be very upset and angry.
and will america pull the whole world with it or not?
This is a very difficult question to answer briefly. A good quick answer is to remember the following: no matter how bad things get, no matter how tyrannical a society is, no matter how unfair a society is, no matter how grim the economic status of a society, there has to be a significant number of people who are doing well out of it, otherwise no-one will want to maintain the status quo. Lots of people lived very happy, prosperous and decadent lives under the Nazi regime - as depicted in Schindler's List - consequently they were less inclined to question it. Even if we got a full blown, New World Order scenario, there would have to be a significant number of people doing well out of it, not just the eye of the pyramid, otherwise the chances of it crumbling would be odds on.

There is no doubt that lots of countries and lots of people are going to go through a very hard time, but it will be possible to survive and prosper if you are resourceful. An estimated 923 million people in the world are undernourised or suffering from malnutriton, so for them a recession is merely a normal state of affairs that will not effect their reality greatly.

[jack1]

You have actually answered your own question there. I think it is one of the safest bets you can make that virtually no-one can see what is coming. People have virtually no economic knowledge, understanding or awareness whatsoever, and sad to say I find everyday people to be increasingly materialistic, while at the same time not understanding really basic concepts like how can a nation maintain an apparently affluent way of life when it is in huge debt and barely produces anything. It will hit people hard, without warning, and people will be very upset and angry.

This is a very difficult question to answer briefly. A good quick answer is to remember the following: no matter how bad things get, no matter how tyrannical a society is, no matter how unfair a society is, no matter how grim the economic status of a society, there has to be a significant number of people who are doing well out of it, otherwise no-one will want to maintain the status quo. Lots of people lived very happy, prosperous and decadent lives under the Nazi regime - as depicted in Schindler's List - consequently they were less inclined to question it. Even if we got a full blown, New World Order scenario, there would have to be a significant number of people doing well out of it, not just the eye of the pyramid, otherwise the chances of it crumbling would be odds on.

There is no doubt that lots of countries and lots of people are going to go through a very hard time, but it will be possible to survive and prosper if you are resourceful. An estimated 923 million people in the world are undernourised or suffering from malnutriton, so for them a recession is merely a normal state of affairs that will not effect their reality greatly.

thanks now i know a lot more about it XD.