Economic Collapse Inevitable...how to protect ourselves??

[Last Man Standing]

Jim Cramer panicking on CNBC says we are in financial "Armageddon"!!!!!

See video at the 1:30 mark...this is what the B.I.S. was referring to when warning us of possibility of global depression...

http://youtube.com/watch?v=GKZgfrsItmw


China threatens to dump dollars...can anyone say "No confidence"! We live in a "Dollar" world...but not for long!

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/07/bcnchina107a.xml

 

[PeterNorthisawesome]

No, it's referred to as the "Chair Force" because a large percentage of the job classifications are desk jobs (i.e., involve sitting in a chair.) Please refer to the Wikipedia entry of Chair Force, and then compare to "Cheer Force". I think you'll find it exceedingly amusing, as I did.



How so? I'm a civilian, so derogatory comments directed at our armed forces aren't personal.



Nobody watches CNBC for a reason.

It's actually cheerforce and chairforce, they don't do much so they are like cheerleaders.

I was actually making fun of you for saying your comments are geared toward young people, meaning you think at the level of youngsters.

If noone watched CNBC then the show would be cancelled, TVs are for money, which comes from ratings.

 

[Last Man Standing]

Jim Cramer on CNBC...warning us of what is to come...

http://youtube.com/watch?v=SWksEJQEYVU

A review of links I provided on this thread...

http://video.google.com/videoplay?docid=4446387174017711777&q=norman+dodd

http://www.youtube.com/watch?v=uljOLFyCjjc

http://www.infowars.net/articles/june2007/010607debt.htm

http://www.hiddenmysteries.net/video/2007/fedres.shtml

http://video.google.com/videoplay?docid=-1656880303867390173&q=america+freedom+to+fascism

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/07/bcnchina107a.xml

http://www.youtube.com/watch?v=xU4GdHLUHwU

http://www.the-privateer.com/1933-gold-confiscation.html

http://www.gold-eagle.com/editorials_01/lundeen021001.html

http://www.globalresearch.ca/index.php?context=viewArticle&code=CHI20070521&articleId=5720

http://www.alternet.org/bloggers/joshua/46471

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/06/25/cncredit125.xml

http://www.prisonplanet.com/articles/february2006/210206globalcurrency.htm

Nobody watches CNBC for a reason.

That is why it is the number one business news network!!

 

[Last Man Standing]

Global "Great" Depression warning...

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/06/24/cnbis124.xml

 

[Falcon]

Wish I would've joined this thread earlier...

http://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/0912986212/ref=pd_bbs_2/002-9026780-3032861?ie=UTF8&s=books&qid=1187067442&sr=8-2

Great book on the federal reserve, backed by a ton of facts.

-----

Interesting quotes I found while researching:

"You (International Bankers) are a den of vipers and thieves. I intend to rout you out, and by the Eternal God, I will rout you out. If the American people only understood the rank injustice of our money and banking system, there would be a revolution before morning."
- Andrew Jackson (who had multiple assassination attempts)

"The eyes of our citizens are not sufficiently open to the true cause of our distress. They ascribe them to everything but their true cause, the banking system; a system which if it could do good in any form is yet so certain of leading to abuse as to be utterly incompatible with the public safety and prosperity. The Central Bank is an institution of the most deadly hostility existing against the principles and form of our Constitution."
- Thomas Jefferson

"I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies."
-Thomas Jefferson

"I have two great enemies, the southern army in front of me and the financial institutions in the rear. Of the two, the one in the rear is the greatest enemy. The money power preys upon the nation in times of peace, and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes."
- Abraham Lincoln

"We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it".
-Congressman Louis T. McFadden (1932 Rep. Pa) (was later poisoned!)

Those are the kind of people America needs today...

Oh yea, JFK also went up against the federal reserve and we know how that turned out.

 

[Last Man Standing]

Wish I would've joined this thread earlier...

http://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/0912986212/ref=pd_bbs_2/002-9026780-3032861?ie=UTF8&s=books&qid=1187067442&sr=8-2

Great book on the federal reserve, backed by a ton of facts.-.

Yes, I read it - it is by Edward Griffin...actually he is in a few of the videos I linked above.. see the first link in the " review of links" above - he is the interviewer - and see the fifth link.

 

[NickBe]

First of all people that say America is not heading for a recession do not know much about economics. First of all recessions are an inevitable part of an economy, you have your expansion, your plateau and then your recession. As far as a collapse (a depression) it is extremely difficult for a depression to happen in this day and age but not impossible so you can not rule it out. A huge issue right now with the U.S. economy is sub-prime mortgages for those who do now know what they are I will explain.

A sub-prime mortgage lender is one who lends to borrowers who do not qualify for loans from mainstream lenders. Some are independent, but increasingly they are affiliates of mainstream lenders operating under different names.

Basically what happens is when Bob is 18 he isn't earning much money so he ends up being late paying bills such as his cell phone bill or those annoying DVD rental late fees. This means that Bob gets black listed as he has trouble paying his bills on time. So when Bob goes to get a home loan his bank sees him on the black list and tells him he cannot get a loan. Luckily for Bob on every corner there is a sub-prime lender willing to overlook his bad credit history.

Now Bob has his brand new house with the sub-prime borrowed money his interest rates start to creep up. For Bob this means that he has to pay more monthly back to the lender and being that Bob is already on a tight budget he struggles and sometimes just can’t pay, add to that the value of houses is dropping and this creates a whole host of problems for the lenders. The lender now finds that Bob cannot afford to pay his interest anymore and that his house is worth less than the value of the loan.

Lets for example say that the lender lent Bob $100,000 at 5% per annum interest with which Bob bought his house. Now Bob can no longer afford to pay the 5% interest and his house has devalued to a worth of $80,000. The lender is at a loss the house was Bobs collateral and even if they take that they are out $20,000.

This is a terrible blow to the U.S. economy and it is already spilling over into other parts of the economy. The implications are endless; America is a consumer nation and without consumers the American economy crumbles. So imagine what happens when a whole bunch of consumers lose their homes, they certainly won’t be buying an iPhone or plasma screen T.V. at that point.

Also the lenders are going out of business since they are not being paid it is bad all over. A depression begins when the banks run out of money. Now the banks own a lot of these sub-prime mortgage lenders and that means the banks right now are taking a massive hit. They are not the only ones feeling it though, with rising interest rates companies all over America are feeling the sting. Some major cell phone carriers have had a major spike in the amount of unpaid bills. Imagine what happens when the people of a country that is run by consumers stops spending money? disaster happens the economy crumbles. Now it is a little to early to say that the America economy is going to fall apart there are many options from this point. The Fed can impose an emergency rate cut which will slow down the damage significantly on a short term basis.

The great depression fear is rational because it could happen but it is not happening yet. What I did do this time last year was to take all my U.S. dollar holdings and convert them into Gold, Franc's and Euros. I had a lot of U.S. dollars held in U.S. accounts and now I am very glad I switched over. The U.S. dollar is very weak at the moment.

The Pound is at 2.00
The Euro is at 1.36
The Aussie is at 0.84

All my holdings are now in Francs, Gold and Euro's I luckily got out when the dollar was still ok.

 

[Derek Flint]

Some of you may be too young to remember, but 20 years ago, everyone was saying Japan would soon own the US because they were buying up everthing in the US in site; companies, real estate etc..and our dollar was worthless compared to the Japanese Yen.

Same predictions of gloom and doom.

Now, some 20 years later, look at Japan's economy and look at ours.

More BS from the "sky is falling" crowd.

And don't even get me started on the "Global Warming" BS

30 years ago, many of this same bunch were predicting an Ice Age, and that it was impending, man-made caused, and nothing we can do to prevent it.

Now, they're claiming Global Warming and of course, it's our fault.

Never mind that the ice caps on Mars are melting. Never mind that the thousands of satellites orbiting Earth are showing correlating temperature increases.

The Sun does not burn at one constant temperature - it gets hotter, it gets cooler and has been doing so for Billions of years, and will continue to do so for Billions of years.

 

[DrMetallica]

http://video.msn.com/v/us/money.htm?g=7d928da5-6fd6-4ae1-8a06-244b87af7743&f=15/64videohp&fg=copy

 

[NickBe]

Some of you may be too young to remember, but 20 years ago, everyone was saying Japan would soon own the US because they were buying up everthing in the US in site; companies, real estate etc..and our dollar was worthless compared to the Japanese Yen.

Same predictions of gloom and doom.

Now, some 20 years later, look at Japan's economy and look at ours.

More BS from the "sky is falling" crowd.

And don't even get me started on the "Global Warming" BS

30 years ago, many of this same bunch were predicting an Ice Age, and that it was impending, man-made caused, and nothing we can do to prevent it.

Now, they're claiming Global Warming and of course, it's our fault.

Never mind that the ice caps on Mars are melting. Never mind that the thousands of satellites orbiting Earth are showing correlating temperature increases.

The Sun does not burn at one constant temperature - it gets hotter, it gets cooler and has been doing so for Billions of years, and will continue to do so for Billions of years.

This is different though. This time the sub-prime mortgage crisis is actually happening and the U.S. dollar is actually dropping like a stone. It not a doom and gloom prophecy when it is actually happening. It is the begging of a chain of events that could possibly lead to a great depression in America. However there are so many ways to protect against a depression these days that it more likely than not wont happen. What will happen though is a recession which is a normal part of the economic cycle. It is not fantasy the economy right now is not in the best of shapes. By the way Japan might now own America but China does.

The other huge threat to America is what will happen if/when the Chinese Yaun comes onto the free market. The currency will rise in value very very fast and then America will be paying double for imports from China. The U.S. trade deficit is already -$60 Billion monthly imagine what will happen when that doubles and all prices on retail goods double along with it. This probably wont happen either but it is a threat.

 

[PeterNorthisawesome]

Some of you may be too young to remember, but 20 years ago, everyone was saying Japan would soon own the US because they were buying up everthing in the US in site; companies, real estate etc..and our dollar was worthless compared to the Japanese Yen.

Same predictions of gloom and doom.

Now, some 20 years later, look at Japan's economy and look at ours.

More BS from the "sky is falling" crowd.

And don't even get me started on the "Global Warming" BS

30 years ago, many of this same bunch were predicting an Ice Age, and that it was impending, man-made caused, and nothing we can do to prevent it.

Now, they're claiming Global Warming and of course, it's our fault.

Never mind that the ice caps on Mars are melting. Never mind that the thousands of satellites orbiting Earth are showing correlating temperature increases.

The Sun does not burn at one constant temperature - it gets hotter, it gets cooler and has been doing so for Billions of years, and will continue to do so for Billions of years.

Morons like these vote Bush into office. Actually if you know anything about international business, you know that Japan and China bought out US debt. They haven't collected the money yet, if they do the dollar is going to take a huge hit.

Global Warming BS? Are you serious? Do you even watch the weather channels? All across the globe places are getting record high temperatures. But then again why would the US give a fuc k? In 30 years the north and south pole with both melt. I guess it actually have to take that much to convince a nation full of selfish ignorant fools.

 

[Gaucho]

This is different though. This time the sub-prime mortgage crisis is actually happening and the U.S. dollar is actually dropping like a stone. It not a doom and gloom prophecy when it is actually happening. It is the begging of a chain of events that could possibly lead to a great depression in America. However there are so many ways to protect against a depression these days that it more likely than not wont happen. What will happen though is a recession which is a normal part of the economic cycle. It is not fantasy the economy right now is not in the best of shapes. By the way Japan might now own America but China does.

The other huge threat to America is what will happen if/when the Chinese Yaun comes onto the free market. The currency will rise in value very very fast and then America will be paying double for imports from China. The U.S. trade deficit is already -$60 Billion monthly imagine what will happen when that doubles and all prices on retail goods double along with it. This probably wont happen either but it is a threat.

When the Chinese currency floats (if it ever does!!!!), there will be havoc! Though this is definately not a short-term problem.

The doom and gloom prophecy is actually happening? How, what says that?

Many firms are still releasing great profits, with the correction in stockmarkets bringing prices back in line with intrinsic values, and being driven much by fear, moreso than by business fundamentals!

I currently beleive cash is the best investment, with some great bargains soon becoming available as the index keeps falling!

One firm the other day released a 271% growth in profit, and the share price fell 10%, is that fear?

What are all these other ways to protect against depression these days? Fiscal and Monetary policy are pretty much the only two instruments available, with Fiscal policy being very ineffective due to time lags, and the floating exchange rate crowding out much of its effect.

I beleive the doom and gloom is unjustified. The US economy is not healthy, but its certainly not going to implode upon itself!

 

[Gaucho]

3. Buy foreign stocks esp. in Chinese or Japanese ones.

Are you doing this?

Global indices are very much intertwined, the Chinese stockmarket is WAY overvalued, and the most risky of all markets! Investing in China at the moment would only be a short position for the smart trader, and even then, its too risky!

 

[PeterNorthisawesome]

Are you doing this?

Global indices are very much intertwined, the Chinese stockmarket is WAY overvalued, and the most risky of all markets! Investing in China at the moment would only be a short position for the smart trader, and even then, its too risky!

Umm... what? Japanese automakers have been recording positive sales for the past couple years. Almost every American car makers have lost money... almost every car part is made in China btw. So I don't get when people say I got an AMERICAN MADE car... Ya sure American stocks are way better!? The whole stock market has been goin down.

 

[Gaucho]

Umm... what? Japanese automakers have been recording positive sales for the past couple years. Almost every American car makers have lost money... almost every car part is made in China btw. So I don't get when people say I got an AMERICAN MADE car... Ya sure American stocks are way better!? The whole stock market has been goin down.

Because car makers, and car parts are a large part of global indicies? Ummmmm.............what?

What does where a part is made have to do with anything? Thats the flying geese model, of course they are made in China! As one day they will be made in Africa!

I never said Americans stocks are better..............you said for people to put their money in China..........? Ummmmmmmm...........what? Do you have any idea what your talking about? China is the most risky of ALL major indicies at the moment, at least the DOW, ASX etc have long-term stability, with the ASX probably being one of the best indicies to invest in at the moment! China at the moment is super-inflated, so I would be staying WELL AWAY from their market until they have a major correction/crash!

Superannuation growth expected to more than double over then next 10 years, commodities helping drive the market, great results being released! The market falling provides some great opportunities for those holding cash!

 

[Gaucho]

Gaucho, totally not questioning you or trying to antagonize, but if I may ask...about how old are you and what's your education level? Don't feel obligated to answer, but I'm curious.

No problem.

I am 27, have 2 degrees, have worked in Finance for 4 years, and successfully traded stocks (both short and long positions) for over a decade since I was a teenager.

So though I am sure there are many who know much much more than I do, I know more than the vast majority, especially when it comes to investments, oh and football ).

 

[backbreaker]

Die...thread....die!!!!

 

[Last Man Standing]

Die...thread....die!!!!

Alright backbreaker, I gave this issue a break but now I must revive it because the time is short and a worldwide economic collapse is imminent!! The fake fiat dollar wall street private european banksters "pyramid" scam is unfolding and the "designed" purposeful collapse is being staged to bring in a new currency and eventually a one word currency i.e. cashless society!! They'll blame it on the "terrorists" of course, a false flag event is coming and martial law will be implemented -- of course it will be to protect us. wink wink Do your own research and prepare!!

We are in trouble!! The economic problem is not from the housing bubble/ mortgage crisis or the stock tech bubble - the problem is with those individuals who print the money and gave too much credit to too many unworthy people to bring about the housing crisis/ sticks bubble and derivative/hedge fund speculation scams!!!!! Also there are hundreds of trillions of money,, errrrr, credit, in derivatives and hedge funds --- gambling on bets!!

Listen to these links - the first link is a short one - 8 minutes and the second one is longer but has more insight and it is worth the listen!!!!!

http://larouchepac.com/media/2007/0...tatement-how-deal-global-economic-crisis.html

In this link there is a two minute introduction to LaRouche..listen to the whole thing..it's important!!!

http://www.larouchepac.com/media/20...st-save-american-republic-british-empire.html

 

[Last Man Standing]

Alright backbreaker, I gave this issue a break but now I must revive it because the time is short and a worldwide economic collapse is imminent!! The fake fiat dollar wall street private european banksters "pyramid" scam is unfolding and the "designed" purposeful collapse is being staged to bring in a new currency and eventually a one word currency i.e. cashless society!! They'll blame it on the "terrorists" of course, a false flag event is coming and martial law will be implemented -- of course it will be to protect us. wink wink Do your own research and prepare!!

We are in trouble!! The economic problem is not from the housing bubble/ mortgage crisis or the stock tech bubble - the problem is with those individuals who print the money and gave too much credit to too many unworthy people to bring about the housing crisis/ sticks bubble and derivative/hedge fund speculation scams!!!!! Also there are hundreds of trillions of money,, errrrr, credit, in derivatives and hedge funds --- gambling on bets!!

Listen to these links - the first link is a short one - 8 minutes and the second one is longer but has more insight and it is worth the listen!!!!!

http://larouchepac.com/media/2007/0...tatement-how-deal-global-economic-crisis.html

In this link there is a two minute introduction to LaRouche..listen to the whole thing..it's important!!!

http://www.larouchepac.com/media/20...st-save-american-republic-british-empire.html

Didn't I tell you they were going to start blaming others except those who were responsible for this loose credit/Derivative gambling policies!!! Read this..

http://articles.moneycentral.msn.com/Banking/HomeFinancing/DidTerroristsCauseTheHousingMess.aspx

 

[Last Man Standing]

Alright backbreaker, I gave this issue a break but now I must revive it because the time is short and a worldwide economic collapse is imminent!! The fake fiat dollar wall street private european banksters "pyramid" scam is unfolding and the "designed" purposeful collapse is being staged to bring in a new currency and eventually a one word currency i.e. cashless society!! They'll blame it on the "terrorists" of course, a false flag event is coming and martial law will be implemented -- of course it will be to protect us. wink wink Do your own research and prepare!!

We are in trouble!! The economic problem is not from the housing bubble/ mortgage crisis or the stock tech bubble - the problem is with those individuals who print the money and gave too much credit to too many unworthy people to bring about the housing crisis/ sticks bubble and derivative/hedge fund speculation scams!!!!! Also there are hundreds of trillions of money,, errrrr, credit, in derivatives and hedge funds --- gambling on bets!!

Listen to these links - the first link is a short one - 8 minutes and the second one is longer but has more insight and it is worth the listen!!!!!

http://larouchepac.com/media/2007/0...tatement-how-deal-global-economic-crisis.html

In this link there is a two minute introduction to LaRouche..listen to the whole thing..it's important!!!

http://www.larouchepac.com/media/20...st-save-american-republic-british-empire.html

Listen to links above


Didn't I tell you they were going to start blaming others except those who were responsible for this loose credit/Derivative gambling policies!!! Read this..

http://articles.moneycentral.msn.com/Banking/HomeFinancing/DidTerroristsCauseTheHousingMess.aspx