Food for thought

[groovtubin]

@ the true state of us economy , non doom n gloom, just truth!

http://www.stansberryresearch.com/pro/1 ... PSIM230/PR

[dynaman]

Howzabout you just tell us what the "secret" asset is?

[groovtubin]

Howzabout you just tell us what the "secret" asset is?

i just took in the dynamics of the global economy, and how it is moving, i don`t have $$ to speak of, so i didn`t watch any further!

[Reeltarded]

Didn't watch it. It popped up garbage on me trying to leave.

Here is the deal.. the economy of the last 10 years was a complete lie, and if you think the stock market should be back up in the insane 14,000s.. well, the economy was a total lie.

This one has been purchased a few shares at a time, with your printed money.

There is no growth, it's collapse.

See the =C= thread? Imagine when that's bread, and butter.. oh, no need to imagine. Hang on tight. Here comes Hell.

We can only pray that the government thinks we are dead, and moves on to kill another hiker. Act small, play dead.

[dynaman]

Didn't watch it. It popped up garbage on me trying to leave.

Here is the deal.. the economy of the last 10 years was a complete lie, and if you think the stock market should be back up in the insane 14,000s.. well, the economy was a total lie.

This one has been purchased a few shares at a time, with your printed money.

There is no growth, it's collapse.

See the =C= thread? Imagine when that's bread, and butter.. oh, no need to imagine. Hang on tight. Here comes Hell.

We can only pray that the government thinks we are dead, and moves on to kill another hiker. Act small, play dead.

That's a good summarization of what the video claimed. But you forgot to include the requisite "Buy this investment guide to save your soul" pitch. Scary stuff!

[Alexo]

Yep... sorry but I've been watching internet doomsayers come and go for years now, it's almost become a hobby of mine.

I know the economy ain't pretty, but this has several marks of all the other conspiracy theories that don't pan out:

The guy is speaking outside of his field of expertise, the leading experts within this field disagree with him, etc..

In order for his pitch to be true, there would have to be a huge conspiracy going on to keep it quiet.

ALL conspiracy theories sound convincing if you listen to them long enough. The trick of it is, if you allow the paranoiac to decide what evidence you see, he can manipulate you into believing whatever he wants.

He cites his prediction that Lehman, Gm, etc would fall as his only credentials. Even if this is true, he does not mention how many predictions he made that did not pan out.

[Reeltarded]

AHHHH!

I forgot to add I WILL GIVE YOU THE SURVIVAL SECRET FOR AN AMP.

There!

[KT66]

The basic facts in that presentation about the national debt, oil prices, the dollar, our trade imbalance, etc. are real and ignoring the obvious ramifications about what they suggest isn't going to make the inevitable not happen, whatever that is.

Here's a little glimpse at some of the data :
http://en.wikipedia.org/wiki/Peak_oil
http://www.usdebtclock.org/index.html
http://www.google.com/finance?hl=en&q=C ... CCsQ5QYwAA

Hopefully it will be a slow downhill slide and the shit won't hit the fan all at once, but at this point, what can we really do about it, so why worry ? Que sera, sera and all that.

Maybe it's time to learn some important post apocalyptic survival skills : http://www.artisan-distiller.net/

[Firestorm]

The caveat at the beginning of that doodle-infested screed should have been:

WARNING! I'm going to take so long to get to my frigging point that you'll click off halfway through before I have the chance to sell you any snake oil.

Not that the basic facts he states aren't true.

[Travst]

The caveat at the beginning of that doodle-infested screed should have been:

WARNING! I'm going to take so long to get to my frigging point that you'll click off halfway through before I have the chance to sell you any snake oil.

Not that the basic facts he states aren't true.

That's exactly what I thought... I wanted to hear what he had to say, but geez... waiting for him to get to the point while the UPS cartoon guy did his thing was excruciating.

[Structo]

Basically, we have devalued the dollar to an extent that it is near worthless.
Since we print the money that the world economy is based on and print more when we want more, plus we being the biggest debtor nation in the world is going to make those holding loans (China) want payment when they realize the predicament, but they may not accept the US dollar.
So what will we pay them with, gold?

[ToneMerc]

Yep... sorry but I've been watching internet doomsayers come and go for years now, it's almost become a hobby of mine.

I know the economy ain't pretty, but this has several marks of all the other conspiracy theories that don't pan out:

The guy is speaking outside of his field of expertise, the leading experts within this field disagree with him, etc..

In order for his pitch to be true, there would have to be a huge conspiracy going on to keep it quiet.

ALL conspiracy theories sound convincing if you listen to them long enough. The trick of it is, if you allow the paranoiac to decide what evidence you see, he can manipulate you into believing whatever he wants.

He cites his prediction that Lehman, Gm, etc would fall as his only credentials. Even if this is true, he does not mention how many predictions he made that did not pan out.

I was thinking the same thing

TM

[daydreamer]

Basically, we have devalued the dollar to an extent that it is near worthless.
Since we print the money that the world economy is based on and print more when we want more, plus we being the biggest debtor nation in the world is going to make those holding loans (China) want payment when they realize the predicament, but they may not accept the US dollar.
So what will we pay them with, gold?

Yep, and cheap labour.
But before it gets to that, there are plenty of jobs over here boys, I'll put in a good word. Not that the Chinese don't have us by the crown jewels already, but we got plenty of gold to dig up; it should hold them off for a while.

But seriously,
Conspiracy theories are all well and good, because there are conspiracies, but I really don't think the US will be down for long; not only does the rest of the world currently value the greenback higher than it's worth (no offense, just saying, what other currency will take it's place?) but the US culture is the touchstone of civilization.

Even the nations that say they hate the US don't actually want to see it fall. They are more like rebellious teenagers, still wanting to borrow the car keys after telling dad to fuck off!!

Hang in there brothers, it might not be the same, but things will get better.

Andy

[dynaman]

Basically, we have devalued the dollar to an extent that it is near worthless.
Since we print the money that the world economy is based on and print more when we want more, plus we being the biggest debtor nation in the world is going to make those holding loans (China) want payment when they realize the predicament, but they may not accept the US dollar.
So what will we pay them with, gold?

Yep, and cheap labour.
But before it gets to that, there are plenty of jobs over here boys, I'll put in a good word. Not that the Chinese don't have us by the crown jewels already, but we got plenty of gold to dig up; it should hold them off for a while.

But seriously,
Conspiracy theories are all well and good, because there are conspiracies, but I really don't think the US will be down for long; not only does the rest of the world currently value the greenback higher than it's worth (no offense, just saying, what other currency will take it's place?) but the US culture is the touchstone of civilization.

Even the nations that say they hate the US don't actually want to see it fall. They are more like rebellious teenagers, still wanting to borrow the car keys after telling dad to fuck off!!

Hang in there brothers, it might not be the same, but things will get better.

Andy

Thanks for the "attaboy", but...I can't help but think that folks said the exact same things about England 100 years ago!

Then again, it sure would be nice to not have to play mediator/international police/bailout fund for all the world's problems and natural disasters! Go ahead China, take the reins...and don't forget to bring your ATM card!!

[Travst]

I think we can fix this, but I'm not sure we have the stamina to do it. The Congress is deathly afraid of make the cuts that really need to be made for fear of voter recoil, and the longer we wait and piddle around the worse off that we are. While almost everyone agrees that we need to cut spending, there's going to be a gnashing of teeth and rending of clothes when it actually happens. Unfortunately, we Americans are used to the luxuries and have borrowed heavily to be able to afford them. Very simply put, I believe we have overreached. Our leaders, egged on by the electorate, have put us in a pickle.

It's interesting to compare the spending habits of the people with those of the government. It seems to me that the two follow each other closely, relying on credit to provide immediate gratification/poll numbers.