A word to the wise....or don't look now....

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takza
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A word to the wise....or don't look now....

Post by takza »

Another recession is pretty much baked in the cake for the US....with weakness expected for the next 4-5-6 yrs. This is despite the issues in Europe. I could give reference links...but no one would pay attention to them or be able to judge their validity.

http://www.informationclearinghouse.inf ... e29320.htm

What to do with this info? Best to ignore it until it's too late...that is how it's usually dealt with. 8)

DO NOT expect your great leaders to warn you of anything...they CAN'T...it would be a self fulfilling prophecy.

I would expect social unrest and so forth as unemployment continues. Looking like Great Depression 2? If things go as with Germany in the 30s....we'll see a wingnut govt and an American version of Fascism (which we already have?). The empire is failing. The west is on the wane...the east is on the rise.


http://finance.yahoo.com/blogs/daily-ti ... 29160.html

Weakness in leading economic indicators has become so pervasive the Economic Cycle Research Institute now predicts a new recession is unavoidable.

"The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales," co-founder Lakshman Achuthan declares in the accompanying video.

Whereas Achuthan said the jury is still out in late August, the weakness in leading economic indicators — and ECRI uses a dozen for the U.S. alone, he notes — has become a "contagion" that is spreading like "wildfire."

Although the recovery has been "subpar" by nearly every measure, Achuthan refutes the idea the economy never got out of recession in the first place. "Just because it looks and feels a certain way doesn't mean it's a recession," he says. "You haven't seen anything yet. It's going to get a lot worse."
Give a boy a gun-give a biatch a cell phone-and pretty soon you almost got yourself a police state.

Orwell said: War is peace! Freedom is slavery. Ignorance is strength...

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takza
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Re: A word to the wise....or don't look now....

Post by takza »

You should thank the party of NO?


http://www.benzinga.com/print/1967963


The Occupy Wall Street movement is a belated backlash against the financial crisis and the 2008/2009 market meltdown and subsequent bailouts. The timing of the protests, however, may just be coinciding with another major plunge in stock prices and a possible recession. In combination with the potentially explosive situation in Europe, this movement may get an unforeseen spike in popularity from people who are largely ignoring it right now.

Average Americans who are either less informed about the precarious state of both the economy and the financial system as a whole, along with those who would just as soon ignore it for now, could get a major wake up call in the coming months. Although no one knows exactly how the current situation is going to play itself out, there is a very good chance that we are heading for another epic crisis.

....

Speaking about a potential default, Bernanke said "So it's a very, very serious risk if that there were to happen. And that's why it's extremely important that the Europeans continue along the lines that they have been on, which is to try to address that situation." That is an understatement. Who else thinks we may be on the precipice of another major financial crisis? The best trader in the world, George Soros.

He has repeatedly said on record that we are headed for a depression (not a recession) and that the likelihood of a European implosion is extremely high. This summer, he told a panel that “We are on the verge of an economic collapse which starts, let's say, in Greece, but it could easily spread." Soros thinks that Europe is on the precipice of their own Lehman Brothers moment, and that given the weak economy in the United States this could cause a second Great Depression here at home.


http://www.chrismartenson.com/blog/arge ... pses/59179

Hyperinflation survivor Fernando "FerFAL" Aguirre shares his observations of life during and after Argentina's currency collapse in 2001. He notes that the decline initally began slowly, with most of the populace slow to wake to the danger. But when the eventual collapse occured, it happened practiclly overnight - catching the country by surprise. In the wake of the collapse, dealing with poverty and violent crime became the dominant themes.

Worth our attention is his observation that he now sees the sames signs in the US and other major developed nations that he saw leading up to Argentina's collapse. In fact, he foresees a similar endgame as all but inevitable.


Chris Martenson: So take us back to that period leading up to the currency collapse that you witnessed living in Argentina in 2001. You know: What were the signs, what were people’s perceptions at the time about how dire the situation could get, and what was the government saying and doing?

FerFAL: Well, the government as always says that nothing is going on and that everything is fine. As you can come to expect by now, just a few hours later you see the entire country go down. And you will be seeing high amounts of an unemployment, and there’s going to be a good amount of social unrest. Unfortunately, many of these things are already happening in the United States. So you are seeing many of these signs right now.
Give a boy a gun-give a biatch a cell phone-and pretty soon you almost got yourself a police state.

Orwell said: War is peace! Freedom is slavery. Ignorance is strength...

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emmahumpfritter
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Re: A word to the wise....or don't look now....

Post by emmahumpfritter »

We're getting all the same info, just from different places. Alex Jones interviews the most unbiased experts in the world from a wide range of backgrounds--they're all saying the same thing. The toilet is flushed and the economy is circling the drain. Since the only "business" left that's making big profits are in bed with the government (i.e. fascism) they no longer have to earn our money...they just take it in a multitude of ways.

I personally am fully convinced that nothing short of a complete re-boot is in order or the US--along with most of the world--will fall into an Orwellian type police state where uprising can't occur because super-computers can predict it before it happens and everyone will be too busy/hungry/locked-up to unite in large enough numbers to challenge the DHS/military/police goons.

This is far more serious than most people care to notice.
260K with no end in sight....
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Re: A word to the wise....or don't look now....

Post by takza »

Several sources I've followed and respect are saying the same things...a new US recession. Still got all the debt overhang...and now with less future revenue to cover it. Housing a mess...high unemployment....perpetual wars....austerity measures coming to the US....political dysfunction.

Republicans STILL trying to protect the top 1% who are skimming all the moola...so who are the fools that vote for this? Research shows that there are many more CEOs in the US population than you might believe. Many of the homeless are actually CEOs..... :shock: Those whose homes are in foreclosure are actually CEOs. :roll: Many who can't find a job are actually CEOs. :cry:

http://news.firedoglake.com/2011/10/10/ ... s-slipped/

Greece WILL default...they are just trying to prepare the Eurozone banks. US banks own some of the Eurobanks. After Greece there are more countries in line. If the Euro crashes...the dollar will go up. Then later maybe the dollar crashes.....

You never really know what will actually happen...but you can be sure they will try to paper it over right up until it all falls apart....if it does.

What can the avg person do? Stay or get out of debt. (Or maybe most of your debts will be canceled?) Store some food and essentials that you can use or trade with...crash or not. Buy duct tape....so you can fix stuff? LOTS of duct tape...just don't let the govt corner the market.... :roll:
Give a boy a gun-give a biatch a cell phone-and pretty soon you almost got yourself a police state.

Orwell said: War is peace! Freedom is slavery. Ignorance is strength...

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Re: A word to the wise....or don't look now....

Post by solarlord »

TAKZA- keep your eye on the germans ,they have lots of money and power-- since the last war the yanks and the brits have been keeping them in check but now they are breaking free-you fill in the missing bits-DEC
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Re: A word to the wise....or don't look now....

Post by ARCHINSTL »

solarlord wrote:TAKZA- keep your eye on the germans ,they have lots of money and power-- since the last war the yanks and the brits have been keeping them in check but now they are breaking free-you fill in the missing bits-DEC
Has there been any massing at their frontiers yet?
Does Poland still have its cavalry?
Does France still have its Renault :roll: tanks?
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takza
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Re: A word to the wise....or don't look now....

Post by takza »

I don't wanna hear none dat sh*t!

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:mrgreen: :mrgreen: :mrgreen: :mrgreen: :mrgreen: :mrgreen: :mrgreen: :mrgreen: :mrgreen: :mrgreen: :mrgreen:
Give a boy a gun-give a biatch a cell phone-and pretty soon you almost got yourself a police state.

Orwell said: War is peace! Freedom is slavery. Ignorance is strength...

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Re: A word to the wise....or don't look now....

Post by Petros »

funny you should say that about Germany, when I was a little kid my dad used to tell me that the Germans caused WW1 and WW2 and will cause WW3 someday. I should hope they learned like the Japanese, (and now the Chinese), that it is far more profitable to take over the world by selling better products cheaper, rather than by force. When we went to Disnyland as a family we would see large groups of Japanese tourist taking lots of pictures, and my dad would say they want to look before they buy. My dad was not a bigot, but I think was frustrated at how much better (and more profitable) many foreign owned companies were run than the ones he worked for here.
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Re: A word to the wise....or don't look now....

Post by ARCHINSTL »

Wow, Petros! My Dad used to say the same thing about "looking before they buy."!
MO's Governor is flying to China today to drum up some business, whether agricultural or the (now still-born) hope to make STL a destination for air freight from China. Word is that he's offering to move the Gateway Arch in a quid pro quo.
Hmmm, if that happens, I will have to change my handle here to NOARCHINSTL...
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Re: A word to the wise....or don't look now....

Post by Petros »

So what? The London Bridge is now in Lake Havsue NV. The Queen Mary is in Long Beach CA. And there are a lot of Greek statues in Rome and England (but they were not purchased, Greece could sure use the money now however).
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Re: A word to the wise....or don't look now....

Post by solarlord »

I think i will have another beer,the donkey has been not able to work out how to pull the ring tabs yet------,but there is still time--guess i will pour he,s in bucket as usual- wonder if donkeys see pink elephants???
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Re: A word to the wise....or don't look now....

Post by solarlord »

did i miss something? o en el muchos todavia en curso sobre el estado del mondo???? donde es el burro? y me cerveza-!!
takza
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Re: A word to the wise....or don't look now....

Post by takza »

I am currently posting from the Betty Ford clinic for the reformation of economic/political junkies. They tell me I will be ALL BETTER in a few months. Need to shut this down...here comes an orderly. 8) Time for my massage and spa treatment..... :mrgreen:
Give a boy a gun-give a biatch a cell phone-and pretty soon you almost got yourself a police state.

Orwell said: War is peace! Freedom is slavery. Ignorance is strength...

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Re: A word to the wise....or don't look now....

Post by solarlord »

TAZ- i like that- my type of humour -v good-DEC
is the glass half empty or half full - answer= dont know, just fill it up
takza
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Re: A word to the wise....or don't look now....

Post by takza »

For me it's not so much and issue of a positive or negative attitude....but one of what to do with any assumed knowledge....use it effectively...or just talk about it. A lot of energy can be wasted in running around talking about how the sky is falling.....and pushing politics. To what point? Better to prepare.....
Give a boy a gun-give a biatch a cell phone-and pretty soon you almost got yourself a police state.

Orwell said: War is peace! Freedom is slavery. Ignorance is strength...

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