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		<title><![CDATA[First Strike Forums — What Caused Our Economic Crisis?]]></title>
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		<description><![CDATA[The most recent posts in What Caused Our Economic Crisis?.]]></description>
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			<title><![CDATA[Re: What Caused Our Economic Crisis?]]></title>
			<link>https://forums.fsmod.com/viewtopic.php?pid=116627#p116627</link>
			<description><![CDATA[<div class="quotebox"><cite>luke skyraper wrote:</cite><blockquote><p>Im through with this thread for at least 3 weeks, ( until around Halloween )&nbsp; BOOO !!</p></blockquote></div><p>NOOOOOOOO! This is getting gripping! I race home each night just to read it <img src="https://forums.fsmod.com/img/smilies/smile.png" width="15" height="15" alt="smile" /> Better than any soap opera and one of the best threads i&#039;ve read in years. Keep it coming both of you.<br />PS the Bar ideas a bad one, you&#039;d end up killing each other lol</p>]]></description>
			<author><![CDATA[null@example.com (Athlon)]]></author>
			<pubDate>Thu, 09 Oct 2008 17:32:47 +0000</pubDate>
			<guid>https://forums.fsmod.com/viewtopic.php?pid=116627#p116627</guid>
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			<title><![CDATA[Re: What Caused Our Economic Crisis?]]></title>
			<link>https://forums.fsmod.com/viewtopic.php?pid=116617#p116617</link>
			<description><![CDATA[<p>If adding in some reasoning and explanations for my views on this economic crisis, and how different economy&#039;s can work their way out of it in the future, makes me an &quot;opportunist know it all&quot; or a &quot;analytical lofty european intellect&quot; , then so be it.</p><p>I will take it that you are not reffering to me when you talk about rolling over and taking it in the pie from Government, because I have akready actively gotten behind the flag of liberty ,spending a hell of alot of time, and in turn money, in your very own freedom movement - via the Paul campaign.... not to mention I am obviously anti-big-Government and socialism. I will be doing all the same things as you to protect myself, famly and property, incase it kicks off somewhere down the line - tho handguns are really the only thing available on the (black)market over here <img src="https://forums.fsmod.com/img/smilies/sad.png" width="15" height="15" alt="sad" /></p><p>I agree with your overall motivation and passion, I just disagree about a few things such as how different parts of the world will rise up from the crisis easier than others, the bible stuff and the whole illuminati thing...... but other than that, yes I am sure we&#039;d have a good time at the pub (plotting the overthrow of the Gov., no doubt <img src="https://forums.fsmod.com/img/smilies/wink.png" width="15" height="15" alt="wink" /> ) The fact I got the nickname &quot;V&quot; , from my mates, after the smoking ban came into force over here, should tell you all you need to know about my views <img src="https://forums.fsmod.com/img/smilies/wink.png" width="15" height="15" alt="wink" /></p><br /><div class="quotebox"><cite>Luke SkyRaper wrote:</cite><blockquote><p>Bandu , you have me all wrong buddy ... IM NOT MAINSTREAM AMERIKA, Nor are my Peoples.<br />You think of my Peoples as rednecks, as losers, thats where you are Wrong about me.<br />If you could realise what my minority stand for, you would be proud of our resolve.<br />We are the real america , not the cancer that is ruining our image. There are many Americans who are trustworthy and loyal. im afraid you brand us all like the scum in control right now.</p></blockquote></div><p>I dont think of you as redneck losers or &quot;amerika&quot; lol. I may not be (a true)American (tho if reincarnation is real I was defo a member of &quot;Sons of Liberty&quot;! <img src="https://forums.fsmod.com/img/smilies/wink.png" width="15" height="15" alt="wink" /> ) like yourselves, but I am one in spirit.</p><br /><br /><p>PS. Pity about China, they HAD raised interest rates.Guess they have been turned. All these low interest rates is going to hurt us far more in the long run!</p>]]></description>
			<author><![CDATA[null@example.com (Bandu)]]></author>
			<pubDate>Thu, 09 Oct 2008 07:56:37 +0000</pubDate>
			<guid>https://forums.fsmod.com/viewtopic.php?pid=116617#p116617</guid>
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			<title><![CDATA[Re: What Caused Our Economic Crisis?]]></title>
			<link>https://forums.fsmod.com/viewtopic.php?pid=116616#p116616</link>
			<description><![CDATA[<p>Finally , a voice of reason and intelligence , not blunder and hot air !<br />( but Bandu IS right about us being a consumer economy with a service sector out matching manufacturing , dont remind me bandu, i could cry about that its so sickening ) <img src="https://forums.fsmod.com/img/smilies/sad.png" width="15" height="15" alt="sad" /></p><p>&quot;Annie , get your guns !&quot;<br />hehe</p><p>Oh How I feel for the opportunist know it alls.&nbsp; Oh please Bandu, I do like you a lot ... But dont try and counter everything I say, because the more you do .. well , you know .. .&nbsp; you know it all right ? And Im , ..&nbsp; well .. Im american ,..&nbsp; so that must mean Im .. well ...&nbsp; &nbsp;wrong ,&nbsp; &nbsp;right ?&nbsp; LOL<br />I bet , in person me and you would have a great time at the pub.</p><p>Oh, but&nbsp; you said China&#039;s &quot;raising&quot; intrest rates?<br /> Do you get your news from a comic book ?&nbsp; LOL<br />China just yesterday did the unthinkable, they joined the EU and the Amerikans in a multi-lateral LOWERING OF INTREST RATES, globally to try and save the floundering banks across the globe.<br />To Quote my favorite 2142 phrase - &quot; AINT HAPPENING! &quot;<br />There isnt Sh!t anyone can do at this point.<br />Mark my words - Im a prophet.&nbsp; ( at least on this subject )</p><p>I will however, agree with you guys,&nbsp; I will agree in the fact that yes, the American Illuminati and the evil they wage begins here... We have the Greedy Pigs that make your worst pale in comparison.<br />We taught you guys new definitions of greed and crime. The amerikans.<br />The very things I stand against. The very things our revolutionary movement will seek to destroy.<br />We too Love the america that used to be alive , but is as dead as you say. Dead as a rotting corpse.<br />It will rise again, and I hope people like you can join us someday.</p><p>Now that ive led you to my conclusion, the conclusion Half you guys started this thread trying to debunk <br />( oh my hamsters this is good ! )<br /> I will slam home the definition of where we are all going and how you guys over there in europe and Asia will lead the pack down the tubes.</p><p>----</p><p>( my translation of the US &quot;government&quot; spittle being passed to the American people as the&nbsp; solution )<br />-- in shakespearean monologue--<br /><span style="color: #80FF00"><br />&quot; We know we have taxed our people here in the USA to death via the IRS and inflation of the money supply, we know we have manipulated all the markets and engaged in rampant insider-trading and loan fraud, thus stealing trillions of dollars of your hard-earned cash from you, we know we created Ponzi-scheme bubbles in dot.com stocks and real estate, we know we gave mortgages to people who could not afford homes in the first place, we know that we falsely rated stocks, bonds and derivatives and &quot;cooked our books&quot; to get you and our INTERNATIONAL FRIENDS to pay top dollar for CRAP, we know we lied to you about every economic statistic on the face of the planet, but, hey, we&#039;re all in this together now, and you have no alternative other than to accept our bailout plan (oh, let&#039;s call it a &quot;rescue plan&quot; instead) so thatyou can pay for all the economic carnage resulting from our debauchery. &quot;</span></p><p><span style="color: #80FF00">&quot; And don&#039;t worry about any oversight when it comes to disbursing the piddling $700 billion, because it should be obvious, based on all the foregoing, that we can be trusted to handle the MERE 700 billion as if it were -WELL - our own, which it will be if you approve the plan!&nbsp; Oh, but perhaps we should not mention that - you might construe that as some kind of silly old moral hazard, hahaha.&nbsp; And never mind that we told you we don&#039;t know if the plan will work, because we know it won&#039;t, but we didn&#039;t want to upset you any more than you already are.&nbsp; And have no concern that the 1.4 quadrillion dollar, roiling, boiling derivatives volcano is going to wipe out the entire world banking system with molten credit default swaps and interest rate swaps in a blaze of pyroclastic glory over the next several years, because, hey - we&#039;re working on it!&nbsp; And never mind that THE PROBLEM IS UNSOLVABLE !&nbsp; This is the United Goldilocks Matrix, where everything turns out juuuuust right!&nbsp; &nbsp;&quot; </span></p><p>Bandu , you have me all wrong buddy ... IM NOT MAINSTREAM AMERIKA, Nor are my Peoples.<br />You think of my Peoples as rednecks, as losers, thats where you are Wrong about me.<br />If you could realise what my minority stand for, you would be proud of our resolve.<br />We are the real america , not the cancer that is ruining our image. There are many Americans who are trustworthy and loyal. im afraid you brand us all like the scum in control right now.<br />Now after the next few weeks set in, will you change your minds over ocross the pond, and support our movement against this evil? Or will you show your FIGHTING colors, and sit back and expect &#039;governments&#039; to solve it all ?</p><p>Im through with this thread for at least 3 weeks, ( until around Halloween )&nbsp; BOOO !! <br />just to let the comming developments settle in and sting real good.<br />My people ( the small band of american rebels you put down as a joke ) are out to kill this, and we dont expect ANYTHING in the way of support from analytical lofty european intellects that happen to know all the answers in advance. We expect you all to do just as usual, ...&nbsp; nothing. </p><p><img src="https://forums.fsmod.com/img/smilies/tongue.png" width="15" height="15" alt="tongue" /></p><p>WE are going the&nbsp; see the F@cking US congress hanging from ropes.<br />JOIN THE REBELLION !!!</p><p>RON PAUL 08 !!!</p>]]></description>
			<author><![CDATA[null@example.com (Luke SkyRaper)]]></author>
			<pubDate>Thu, 09 Oct 2008 06:37:20 +0000</pubDate>
			<guid>https://forums.fsmod.com/viewtopic.php?pid=116616#p116616</guid>
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			<title><![CDATA[Re: What Caused Our Economic Crisis?]]></title>
			<link>https://forums.fsmod.com/viewtopic.php?pid=116614#p116614</link>
			<description><![CDATA[<div class="quotebox"><cite>Luke SkyRaper wrote:</cite><blockquote><p>Im happy to see the New World Order ( NWO ) plan falling apart at the seams.<br />Had this banking crisis not happened, the central banks would all unite to form a one-world-state ( a police state mind you ) and satan would rule the planet.</p></blockquote></div><p>Isn&#039;t the NWO supposed to start on December 21, 2012? Good times. </p><div class="quotebox"><cite>Luka SkyRaper wrote:</cite><blockquote><p>When the revolution starts, I will lead a brigade.<br />The second american revolution is comming fast.</p></blockquote></div><p>You mirror my thoughts. Time to start purchasing weapons and burying them in our back yards...or just get a bunch of crowbars.</p>]]></description>
			<author><![CDATA[null@example.com (S-Guy)]]></author>
			<pubDate>Thu, 09 Oct 2008 00:35:37 +0000</pubDate>
			<guid>https://forums.fsmod.com/viewtopic.php?pid=116614#p116614</guid>
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			<title><![CDATA[Re: What Caused Our Economic Crisis?]]></title>
			<link>https://forums.fsmod.com/viewtopic.php?pid=116611#p116611</link>
			<description><![CDATA[<div class="quotebox"><cite>Luke SkyRaper wrote:</cite><blockquote><p>LOL bandu ...I think european denial will only make things worse for you all.<br />European socialism has a way of hiding facts from its general populations.<br />But that freight train you thought was a light at the end of the tunnel will crash that illusion soon enough.<br />( I wish our society was as insular as yours actually )<br />It is true and it is sad about our loss of manufacturing. Something Ive always hated.<br />I used to be an aircraft TIG welder, servicing Airframe parts... and all that went south years ago.<br />Even with our decline we are still quite the producers. We still lead the world in aircraft and military systems production. We also lead the world in Biotech. We dont have the automobile crown ( just barely ) anymore, but are still a close second to toyota in overall world sales. So please dont compare us to Africa !&nbsp; Thats quite insulting.</p><p>But I hate to break this to you denialists, Europe IS going to LEAD us into the economic abyss, and not the other way around my friend. And guess whos going to lead Europe into the blackness 1st ?&nbsp; <br />You missed it !&nbsp; &nbsp;Wrong answer buddy .<br />ASIA.</p><p><a href="http://www.foxnews.com/story/0,2933,434262,00.html">http://www.foxnews.com/story/0,2933,434262,00.html</a><br />Look at the photo, its worth more than 1000 words.<br /><span style="color: #BFFF00"><br />Asia and Europe depend on our buying power more than you think or know apparently.<br />We arent the bottom feeders in the world economy like you would like to beleive,<br /> Our cusion is fading fast, but both asia and europe will slide past us on the way down.<br />I mean since we are the &quot;buyers&quot; and you are the &quot;sellers&quot; ... when we stop buying you stop selling, right? <br />Its awful hard to eat a rolls royce or a posche. Even with hot sauce.<br />Dont hate me for being right, but you have no cusion.&nbsp; Its going to be a sad situation for everyone.<br />Sadder is you being a hater of america, how your media has been warped. </span></p><p>Read what happened today in the french market, and then read what happened on the London exchanges. Germany took a massive hit but didnt wobble yet (thankfully) ...Russia suspended trading until friday !!!&nbsp; <br />( alarms )&nbsp; <span style="color: #FF0000">THIS IS NOT A DRILL!&nbsp; &nbsp;- REPEAT -&nbsp; &nbsp;THIS IS NOT A DRILL! </span> ( more alarms )</p><p>All I can say is buy SILVER, gold is overpriced now and will be scarce. Im shifting 90% of my wealth into Silver for now. It will hold value anyday against gold (which fluctuates too much for comfort) and is still affordable. Im investing today in silver, you cant lose with that.</p><p>Ever read the Bible? Check out the last chapter, Revelations.</p></blockquote></div><p>1st off, I am not in denial, I am just thinking clearly on the matter.<br />2nd, I think it is rich to say that &quot;European socialism has a way of hiding facts from its general populations&quot; when it is just as bad, if not worse in the US. You&#039;ve gotten routinely conned into wars, illegal Presidency&#039;s and giving up on your Constitution. All mainstream media is corrupt and that is why I only watch it so I know what to research or what not to believe. Seriously, watching MSNBC and Fox is like putting my brain in a meat grinder , but most Americans lap it up.</p><p>As for production, the US is nearly 80% consumption. It is totally unsustainable and you need to correct that ratio but for you to suddenly change from a service based economy to an industrial one it is going to be very very hard - esp. in an economic crisis. Also, most of the consumption is based on debt, as we see now which cant be paid back, so your consumption will lower (it has to) but nothing will flow into the void. Europe etc are not in as bad shape in this important aspect.</p><br /><p>Your 3rd paragraph is ridiculous. Sorry, but I wonder how you come to the conclusion that it is Europe and Asia leading everyone into the &quot;blackness&quot;. The major underlying factor as to why this is a world recession is because most of the world deals with US dollars. I hate to keep repeating myself, but the US dollar is your main export. The world has , in effect, been conned into taking them&nbsp; and giving you a free ride, but as the dollar gets more worthless , which it will as the Fed continues to inflate and bail out its buddies, the gravy train will stop. The world will stop taking them. I don&#039;t think you understand how bad that will be for the US if/when this occurs.</p><br /><p>To answer your question about who will buy the stuff Asia and Europe produce (particularly Asia) the answer is simple: themselves. They will reap the benefits. So no, they don&#039;t stop selling just because the US stop buying.&nbsp; The Asian standard of living will no doubt rise. You&#039;ve got to look past this hectic period of time where everyone is running around tryin to save their own wealth(money/stocks etc) before the squeezey pooh really hits the fan. </p><p>I don&#039;t hate you for being right, because you are not right. You are right that the world is going to be hit by a recession and some hard times, but it is irrelevant, there is nothing that can stop it, we don&#039;t want to stop it. The only thing that the Governments can do is make it worse. China are doing the right thing in raising interest rates, we will find out what the Fed are going to do tomorrow I believe, but I bet they lower them - further devaluing the US Dollar. In economics you aren&#039;t supposed to spend spend spend during times like these, you are supposed to save , the problem is the US economy overwhelmingly relies on spending. Lower interest rates is the US trying to encourage &quot;consumers&quot; to spend, but it will only raise prices as a result of inflation.<br />What really is sad is that you label me an &quot;america hater&quot;, which is quite absurd, when I have been involved with the Ron Paul grassroots campaign for the last 18+ month&#039;s. I love (what used to be) America. The history. the founders, the constitution etc , hence why I spent my time helping out in the 1st place. I hate what you have become. My country has been dead long before I was even born, and even then there isnt all that much to be proud of throughout its history. I am a libertarian stuck in a socialist, collectivist cesspool, but moving to the US wouldn&#039;t be much better at this moment in time. Tho saying all that I am not surprised you turned to the old &quot;anti-American&quot; card, it is how you lot got conned into leading the West into committing genocide in Iraq for the last 10+ years.<br />This isn&#039;t about Europe vs the US&nbsp; or Socialism vs Corporatism or any other irrelevant bullcrap like that. This is too serious for that.</p><p>As for Gold. Gold isnt overpriced. How can it be? It is the dollar that is losing value. Gold is what? $850 an ounce. Its going way way higher in the long term. Gold fluctuates yes, so what? you aren&#039;t buying it to sell it in the next few weeks. It is being estimated that it could reach $2000 in the next year or so, and could rise to $5000 after that. It could even meet the Dow. Now, for someone who is talking about make believe stories ..err, I mean Revelations, you should see Gold being almost priceless before Satan or whoever turns up. <img src="https://forums.fsmod.com/img/smilies/wink.png" width="15" height="15" alt="wink" /><br />Still, silver is a good investment. The bonus is it is much more useful than gold, especially where industry is concerned. You may get more buyers if worse comes to worst.</p>]]></description>
			<author><![CDATA[null@example.com (Bandu)]]></author>
			<pubDate>Wed, 08 Oct 2008 23:44:54 +0000</pubDate>
			<guid>https://forums.fsmod.com/viewtopic.php?pid=116611#p116611</guid>
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			<title><![CDATA[Re: What Caused Our Economic Crisis?]]></title>
			<link>https://forums.fsmod.com/viewtopic.php?pid=116584#p116584</link>
			<description><![CDATA[<p>LOL bandu ...I think european denial will only make things worse for you all.<br />European socialism has a way of hiding facts from its general populations.<br />But that freight train you thought was a light at the end of the tunnel will crash that illusion soon enough.<br />( I wish our society was as insular as yours actually )<br />It is true and it is sad about our loss of manufacturing. Something Ive always hated.<br />I used to be an aircraft TIG welder, servicing Airframe parts... and all that went south years ago.<br />Even with our decline we are still quite the producers. We still lead the world in aircraft and military systems production. We also lead the world in Biotech. We dont have the automobile crown ( just barely ) anymore, but are still a close second to toyota in overall world sales. So please dont compare us to Africa !&nbsp; Thats quite insulting.</p><p>But I hate to break this to you denialists, Europe IS going to LEAD us into the economic abyss, and not the other way around my friend. And guess whos going to lead Europe into the blackness 1st ?&nbsp; <br />You missed it !&nbsp; &nbsp;Wrong answer buddy .<br />ASIA.</p><p><a href="http://www.foxnews.com/story/0,2933,434262,00.html">http://www.foxnews.com/story/0,2933,434262,00.html</a><br />Look at the photo, its worth more than 1000 words.<br /><span style="color: #BFFF00"><br />Asia and Europe depend on our buying power more than you think or know apparently.<br />We arent the bottom feeders in the world economy like you would like to beleive,<br /> Our cusion is fading fast, but both asia and europe will slide past us on the way down.<br />I mean since we are the &quot;buyers&quot; and you are the &quot;sellers&quot; ... when we stop buying you stop selling, right? <br />Its awful hard to eat a rolls royce or a posche. Even with hot sauce.<br />Dont hate me for being right, but you have no cusion.&nbsp; Its going to be a sad situation for everyone.<br />Sadder is you being a hater of america, how your media has been warped. </span></p><p>Read what happened today in the french market, and then read what happened on the London exchanges. Germany took a massive hit but didnt wobble yet (thankfully) ...Russia suspended trading until friday !!!&nbsp; <br />( alarms )&nbsp; <span style="color: #FF0000">THIS IS NOT A DRILL!&nbsp; &nbsp;- REPEAT -&nbsp; &nbsp;THIS IS NOT A DRILL! </span> ( more alarms )</p><p>All I can say is buy SILVER, gold is overpriced now and will be scarce. Im shifting 90% of my wealth into Silver for now. It will hold value anyday against gold (which fluctuates too much for comfort) and is still affordable. Im investing today in silver, you cant lose with that.</p><p>Ever read the Bible? Check out the last chapter, Revelations.</p>]]></description>
			<author><![CDATA[null@example.com (Luke SkyRaper)]]></author>
			<pubDate>Wed, 08 Oct 2008 14:12:37 +0000</pubDate>
			<guid>https://forums.fsmod.com/viewtopic.php?pid=116584#p116584</guid>
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			<title><![CDATA[Re: What Caused Our Economic Crisis?]]></title>
			<link>https://forums.fsmod.com/viewtopic.php?pid=116573#p116573</link>
			<description><![CDATA[<p>Currently our savings are covered upto £50,000 (which at the current exchange rate is around 1 Trillion dollars) other european countries are covered for more</p>]]></description>
			<author><![CDATA[null@example.com (Athlon)]]></author>
			<pubDate>Wed, 08 Oct 2008 07:04:44 +0000</pubDate>
			<guid>https://forums.fsmod.com/viewtopic.php?pid=116573#p116573</guid>
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			<title><![CDATA[Re: What Caused Our Economic Crisis?]]></title>
			<link>https://forums.fsmod.com/viewtopic.php?pid=116570#p116570</link>
			<description><![CDATA[<p>We will all feel the recession/depression, but most of Europe and Asia will be able to work their way out of it because they produce. America doesn&#039;t, you are &quot;consumers&quot; and that is why America (and the likes of Africa) are doomed in the long term.</p>]]></description>
			<author><![CDATA[null@example.com (Bandu)]]></author>
			<pubDate>Wed, 08 Oct 2008 04:59:30 +0000</pubDate>
			<guid>https://forums.fsmod.com/viewtopic.php?pid=116570#p116570</guid>
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			<title><![CDATA[Re: What Caused Our Economic Crisis?]]></title>
			<link>https://forums.fsmod.com/viewtopic.php?pid=116562#p116562</link>
			<description><![CDATA[<p>There will be no work in mexico , lol.<br />They cant even take care of their own.</p><p>This is very global, I dont care what you say. Just watch, you all will feel the pain , citezens 1st.<br />its unfortunate for most euros since there is no FDIC to protect citezens holdings... when your banks go POP you citezens will lose every thing right away. Here the FDIC insures americans private savings up to 100,000 dollars.&nbsp; I dont even have anything close to that amount, but I know plenty of my rich friends will get an instant hair-cut if their the bank fails..<br />But , no laughing matter, the global economy is hitting the skids, and we are just passengers. powerless. <br />We are just starting Im afraid.<br />Its not our fault completely. Euros gambled and made lots of money on our markets the last 10 years. But as with all gambling, when its time to lose...Grim Reaper cares not about where your from. ( still like globalization? )</p><p>Just in the last 2 days banks in asia and europe have dropped wildly, and just today, the royal bank of scotland droped 46%. Read that correctly ... they lost almost half of everyones savings. <br />Dont you get the news over there? Or is it a state-edited version to prevent panic?<br />If thats not freeking scary, I want some of the dope you guys smoke, to ease my fears&nbsp; <img src="https://forums.fsmod.com/img/smilies/tongue.png" width="15" height="15" alt="tongue" />&nbsp; (amsterdam , holland ?)</p><p> Hang on ,my brothers overseas, everyones in this together.</p><br /><br /><p>Since we are getting closer to Halloween , I want to scare my fellow americans a little ( just a little )<br /><a href="http://moneycentral.msn.com/detail/stock_quote?Symbol=$INDU">http://moneycentral.msn.com/detail/stoc … mbol=$INDU</a>&nbsp; &nbsp;thats from today alone.<br />Yow!&nbsp; &nbsp;we are off over 880 points since monday ( and this is AFTER my long colorful rant )<br />Im a prophet, beware .. heed the warnings</p>]]></description>
			<author><![CDATA[null@example.com (Luke SkyRaper)]]></author>
			<pubDate>Wed, 08 Oct 2008 02:07:30 +0000</pubDate>
			<guid>https://forums.fsmod.com/viewtopic.php?pid=116562#p116562</guid>
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			<title><![CDATA[Re: What Caused Our Economic Crisis?]]></title>
			<link>https://forums.fsmod.com/viewtopic.php?pid=116494#p116494</link>
			<description><![CDATA[<p>So how long till we see Americans creeping across the Mexican border looking for work? And just out of curiosity how or where do you buy gold from, I take it your not talking about jewelry?</p>]]></description>
			<author><![CDATA[null@example.com (Athlon)]]></author>
			<pubDate>Sun, 05 Oct 2008 22:43:43 +0000</pubDate>
			<guid>https://forums.fsmod.com/viewtopic.php?pid=116494#p116494</guid>
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			<title><![CDATA[Re: What Caused Our Economic Crisis?]]></title>
			<link>https://forums.fsmod.com/viewtopic.php?pid=116490#p116490</link>
			<description><![CDATA[<div class="quotebox"><cite>Luke SkyRaper wrote:</cite><blockquote><p>Update ... ( you 15 year olds who dont like bad news , dont read this )<br />It wont make sense to you anyway since you live off your parents.<br />The rest of you, dont hate me for the warning. If you have any money left in the bank, take it out and buy Gold. ( and then hold on to it yourself ) Thats your only shelter.&nbsp; &lt;&lt; word &gt;&gt;</p><p>Lets talk (World) development ...<br />Tonite Germanys 2nd largest lender/bank is on the verge of collapse.<br />Hypo Real Estate had its own &quot;bailout&quot; package fall thru the floor as lenders pulled out of the deal.<br />This is particularly scary as Germany has always been a stable economy in finance and banking.</p><p><a href="http://www.msnbc.msn.com/id/27023960/">http://www.msnbc.msn.com/id/27023960/</a>&nbsp; &nbsp; &nbsp;article here</p><p>The reason is that as loans of a financial company lose value because of underpayment, company executives must write down the asset side of their balance sheets and at the same time reduce their shareholder equity on the liability side. Banks are allowed to lend only in proportion to their shareholder equity, so as the equity becomes thinner, banks are less able to lend money to make a profit. </p><p>Sophisticated customers then see that the banks are in precarious condition and make withdrawals. And so to satisfy those requests for withdrawals, banks are forced to liquidate more assets at distressed prices, prompting further reduction in shareholder equity. Yow! This process is then repeated in a vicious cycle until shareholder equity goes to zero and the company becomes insolvent. So long, banko.</p><br /><br /><p>This thing is just gaining momentum, people, and i dont think many regular folks outside of nerd economists like me even have a grasp of whats comming.<br />It wont by any means be held within borders, anyones borders.<br />This is the most frightening set of events the modern world has ever experienced.<br />People need to plan starting now.<br />Plan on stuff like storing bottled water, rice, things that dont spoil easily... guns, ammunition, things that you can use to defend yourself and your family with.<br />Shortwave radios and transmitters, the knowlege to use them...<br />Im serious.&nbsp; <br />Laugh at me, because you will be crying for people like me to save your asses when it gets bad.<br />Ive got some acres in Arkansas , remote and out of the way of large metro areas... i plan on going there if the time arrises where things are so bad the government cant maintain order any longer.<br />California is about to go broke if it cant get short term loans to cover basic neccesities such as Police, Fire departments, and other important public services such as WATER.</p><p><a href="http://www.msnbc.msn.com/id/27006906/">http://www.msnbc.msn.com/id/27006906/</a>&nbsp; &nbsp;check that out. Unprecedented.<br />Governor is begging the US treasury for help .. Unbelievable !!&nbsp; Freeking Unreal.</p><p>Oh, wow , heres Massachusetts in the same boat , the two most liberal states in the union going Kaput!&nbsp; &nbsp;<a href="http://www.foxnews.com/story/0,2933,432841,00.html">http://www.foxnews.com/story/0,2933,432841,00.html</a>&nbsp; I love the part where it says &quot;Federal officials have not responded to his request&quot; ... <br />wonder if those federal officials have crapped their underwear yet?</p><p>I may be early, but Im not stupid.<br />Imagine California without Police ...&nbsp; then imagine being stuck there with no Police ...<br />Way scary. If california is that close to being bankrupt and&nbsp; non-functional, the rest of us arent far behind.<br />Do we think that martial law imposed by the military can maintain order? LOL !!!!!!<br />what military ????&nbsp; Not ours, Buddy !<br />Everyones just coasting along still, but airplanes do that when the engines quit. Then what happens ?<br />Be prepared people, the rides going to get rough.</p><p>Theres only two (2) major lending institutions left standing in this country (Wells Fargo and Citi-group) after the all the bank collapses this month. Two months ago there were 6. <br />Wachovia just went bankrupt last night and is being fought over by the remaining two vultures mentioned above.</p><p>Credit is frozen right now. You cant even get a loan to buy a new truck right now, no matter what credit you have. ( unless your net worth is big enough to cover the cost, no loans, nada)<br />Few Farmers are going to be able to get the loans this year to replant for next season.<br />They have always gotten them each season, this is the way its always been, always.<br />So food prices are about to shoot thru the roof like beyond your worst nightmare. And just imagine next year.</p><br /><p><span style="color: #FFFF00"><br />(EDIT) -<br />I came back here to erase the dire sounding prediction and leave off the really scary stuff... and then i thought , no I will leave it.&nbsp; I want to beleive its not going to be that bad. And then again, I cant escape the gravity of what Im seeing.&nbsp; If i was younger , or much younger , I wouldnt have any reference points to measure these events by. But Im not, and maybe its best to leave this post.<br />This kind of post belongs on other boards, like economy or disaster sites ... but this was a serious topic that brought about serious discussion.&nbsp; At the very least we could see a world war over global stresses brought about by the events unfolding. <br /> If theres a canary in this coalmine, it just died.<br />The coasting period, i dont know how long it will last. But if events happen as fast as they keep happening, its going to get ugly soon. I know the majority of you dont even watch the news...and even if you did, the mainstream media WONT portray this in the scale it really is... to keep people from panic. Panicky humans are destructive things.</span><br /><span style="color: #FF00FF"><br />Listen , Credit markets worldwide have seized up completely right now. This has NEVER EVER happend, ever. This equates to the moment all the passengers hear the engines stop running&nbsp; on this plane we are all flying along in.&nbsp; In this case I just saw the engines fall completely freeking off... NOT GOOD<br /></span><br />The bailout money congress just approved doesnt exist, and the printing of 800 billion dollars is only going to lower the value of existing dollars to 1/10th of what they were worth last week.<br />Politicians responsible should be fearing for their lives right about now.<br />Me and my fiancee ( a mongolian doctor ) were thinking about moving to Mongolia, but her family has been telling us about conditions over there getting real bad as well. No place to hide. <br />Hyper-Inflation is the word kiddoes. When money is worthless, it takes more of it to buy something.<br />The whole world is set for hyper-inflation now. ( DO YOU LOVE GLOBALIZATION YET ??)<br /> How long we all can coast along -like i said- is in question. My best estimates are something like one year max, if we are lucky. But there will be increasing pain the whole way down.</p><p>The good thing ( haha ) is that we will live to see the price of oil drop to 20 dollars a barrel !! woot.<br />( umm, that is if the dollar could hold its current value - which it wont )<br />So never mind the 20 dollar a barrel estimate , lol .&nbsp; sheesh.</p></blockquote></div><p>Yes, I would buy Gold, Silver, rice, tea, honey etc, especially now, before the prices go up and prepare for the worst. </p><p>However, I disagree with you about it being a global disaster. One of the main reasons why it is effecting other countries besides the US is because the rest of the world takes, and deals in US Dollars and loans the US money. The deeper into the squeezey pooh the US economy and the dollar go, the faster other countries will drop the dollar and stop loaning the US money (they dont loan it to you out of the kindness of their heart) cos you cant pay it back.<br />The US borrowed massive amounts of money in the early days of its history, but , unlike today, you did so to invest in factories and other production - aswell as roads etc, which turned the US into the richest country on the planet allowing you to pay it back and have enough to profit by lending to other countries. For the past decade/s the US has been borrowing money, not to invest but to consume, as mentioned earlier by yourself, Americans were taking out loans to buy the latest gadget , dress, plasma TV, etc etc etc.&nbsp; Not much was spent on production. So, when the squeezey pooh hits the fan, it will be the US who suffers the consequences the hardest. The rest of the world, well most of Europe and Asia, who have strong production industries will be able to work their way out of this mess, abandoning America in the process, and in time be better off since they wont have the dead weight of the US tied around their leg.</p><br /><br /><p>The American Empire is coming to an end. Didn&#039;t last long really, did it?</p>]]></description>
			<author><![CDATA[null@example.com (Bandu)]]></author>
			<pubDate>Sun, 05 Oct 2008 19:16:23 +0000</pubDate>
			<guid>https://forums.fsmod.com/viewtopic.php?pid=116490#p116490</guid>
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			<title><![CDATA[Re: What Caused Our Economic Crisis?]]></title>
			<link>https://forums.fsmod.com/viewtopic.php?pid=116486#p116486</link>
			<description><![CDATA[<p>For now all ive noticed is the price of a bar of chocolate has gone up by 5c. <img src="https://forums.fsmod.com/img/smilies/tongue.png" width="15" height="15" alt="tongue" /></p>]]></description>
			<author><![CDATA[null@example.com (Stardestroyersarecool)]]></author>
			<pubDate>Sun, 05 Oct 2008 17:52:38 +0000</pubDate>
			<guid>https://forums.fsmod.com/viewtopic.php?pid=116486#p116486</guid>
		</item>
		<item>
			<title><![CDATA[Re: What Caused Our Economic Crisis?]]></title>
			<link>https://forums.fsmod.com/viewtopic.php?pid=116469#p116469</link>
			<description><![CDATA[<p>Update ... ( you 15 year olds who dont like bad news , dont read this )<br />It wont make sense to you anyway since you live off your parents.<br />The rest of you, dont hate me for the warning. If you have any money left in the bank, take it out and buy Gold. ( and then hold on to it yourself ) Thats your only shelter.&nbsp; &lt;&lt; word &gt;&gt;</p><p>Lets talk (World) development ...<br />Tonite Germanys 2nd largest lender/bank is on the verge of collapse.<br />Hypo Real Estate had its own &quot;bailout&quot; package fall thru the floor as lenders pulled out of the deal.<br />This is particularly scary as Germany has always been a stable economy in finance and banking.</p><p><a href="http://www.msnbc.msn.com/id/27023960/">http://www.msnbc.msn.com/id/27023960/</a>&nbsp; &nbsp; &nbsp;article here</p><p>The reason is that as loans of a financial company lose value because of underpayment, company executives must write down the asset side of their balance sheets and at the same time reduce their shareholder equity on the liability side. Banks are allowed to lend only in proportion to their shareholder equity, so as the equity becomes thinner, banks are less able to lend money to make a profit. </p><p>Sophisticated customers then see that the banks are in precarious condition and make withdrawals. And so to satisfy those requests for withdrawals, banks are forced to liquidate more assets at distressed prices, prompting further reduction in shareholder equity. Yow! This process is then repeated in a vicious cycle until shareholder equity goes to zero and the company becomes insolvent. So long, banko.</p><br /><br /><p>This thing is just gaining momentum, people, and i dont think many regular folks outside of nerd economists like me even have a grasp of whats comming.<br />It wont by any means be held within borders, anyones borders.<br />This is the most frightening set of events the modern world has ever experienced.<br />People need to plan starting now.<br />Plan on stuff like storing bottled water, rice, things that dont spoil easily... guns, ammunition, things that you can use to defend yourself and your family with.<br />Shortwave radios and transmitters, the knowlege to use them...<br />Im serious.&nbsp; <br />Laugh at me, because you will be crying for people like me to save your asses when it gets bad.<br />Ive got some acres in Arkansas , remote and out of the way of large metro areas... i plan on going there if the time arrises where things are so bad the government cant maintain order any longer.<br />California is about to go broke if it cant get short term loans to cover basic neccesities such as Police, Fire departments, and other important public services such as WATER.</p><p><a href="http://www.msnbc.msn.com/id/27006906/">http://www.msnbc.msn.com/id/27006906/</a>&nbsp; &nbsp;check that out. Unprecedented.<br />Governor is begging the US treasury for help .. Unbelievable !!&nbsp; Freeking Unreal.</p><p>Oh, wow , heres Massachusetts in the same boat , the two most liberal states in the union going Kaput!&nbsp; &nbsp;<a href="http://www.foxnews.com/story/0,2933,432841,00.html">http://www.foxnews.com/story/0,2933,432841,00.html</a>&nbsp; I love the part where it says &quot;Federal officials have not responded to his request&quot; ... <br />wonder if those federal officials have crapped their underwear yet?</p><p>I may be early, but Im not stupid.<br />Imagine California without Police ...&nbsp; then imagine being stuck there with no Police ...<br />Way scary. If california is that close to being bankrupt and&nbsp; non-functional, the rest of us arent far behind.<br />Do we think that martial law imposed by the military can maintain order? LOL !!!!!!<br />what military ????&nbsp; Not ours, Buddy !<br />Everyones just coasting along still, but airplanes do that when the engines quit. Then what happens ?<br />Be prepared people, the rides going to get rough.</p><p>Theres only two (2) major lending institutions left standing in this country (Wells Fargo and Citi-group) after the all the bank collapses this month. Two months ago there were 6. <br />Wachovia just went bankrupt last night and is being fought over by the remaining two vultures mentioned above.</p><p>Credit is frozen right now. You cant even get a loan to buy a new truck right now, no matter what credit you have. ( unless your net worth is big enough to cover the cost, no loans, nada)<br />Few Farmers are going to be able to get the loans this year to replant for next season.<br />They have always gotten them each season, this is the way its always been, always.<br />So food prices are about to shoot thru the roof like beyond your worst nightmare. And just imagine next year.</p><br /><p><span style="color: #FFFF00"><br />(EDIT) -<br />I came back here to erase the dire sounding prediction and leave off the really scary stuff... and then i thought , no I will leave it.&nbsp; I want to beleive its not going to be that bad. And then again, I cant escape the gravity of what Im seeing.&nbsp; If i was younger , or much younger , I wouldnt have any reference points to measure these events by. But Im not, and maybe its best to leave this post.<br />This kind of post belongs on other boards, like economy or disaster sites ... but this was a serious topic that brought about serious discussion.&nbsp; At the very least we could see a world war over global stresses brought about by the events unfolding. <br /> If theres a canary in this coalmine, it just died.<br />The coasting period, i dont know how long it will last. But if events happen as fast as they keep happening, its going to get ugly soon. I know the majority of you dont even watch the news...and even if you did, the mainstream media WONT portray this in the scale it really is... to keep people from panic. Panicky humans are destructive things.</span><br /><span style="color: #FF00FF"><br />Listen , Credit markets worldwide have seized up completely right now. This has NEVER EVER happend, ever. This equates to the moment all the passengers hear the engines stop running&nbsp; on this plane we are all flying along in.&nbsp; In this case I just saw the engines fall completely freeking off... NOT GOOD<br /></span><br />The bailout money congress just approved doesnt exist, and the printing of 800 billion dollars is only going to lower the value of existing dollars to 1/10th of what they were worth last week.<br />Politicians responsible should be fearing for their lives right about now.<br />Me and my fiancee ( a mongolian doctor ) were thinking about moving to Mongolia, but her family has been telling us about conditions over there getting real bad as well. No place to hide. <br />Hyper-Inflation is the word kiddoes. When money is worthless, it takes more of it to buy something.<br />The whole world is set for hyper-inflation now. ( DO YOU LOVE GLOBALIZATION YET ??)<br /> How long we all can coast along -like i said- is in question. My best estimates are something like one year max, if we are lucky. But there will be increasing pain the whole way down.</p><p>The good thing ( haha ) is that we will live to see the price of oil drop to 20 dollars a barrel !! woot.<br />( umm, that is if the dollar could hold its current value - which it wont )<br />So never mind the 20 dollar a barrel estimate , lol .&nbsp; sheesh.</p>]]></description>
			<author><![CDATA[null@example.com (Luke SkyRaper)]]></author>
			<pubDate>Sun, 05 Oct 2008 08:10:44 +0000</pubDate>
			<guid>https://forums.fsmod.com/viewtopic.php?pid=116469#p116469</guid>
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			<title><![CDATA[Re: What Caused Our Economic Crisis?]]></title>
			<link>https://forums.fsmod.com/viewtopic.php?pid=116445#p116445</link>
			<description><![CDATA[<p>Um, no .. I thought I spoke clearly ... no mention of Irish... although I was drinking some really good canadian whiskey (crown royal) last night.&nbsp; And I rarely ever drink booze.<br />If you HEARD me talking there woulda been a slight slurr . <img src="https://forums.fsmod.com/img/smilies/tongue.png" width="15" height="15" alt="tongue" /></p><p>( step out of the vehicle, sir ... )<br />( I hasnt been drinkun , Ossifer ... hic&nbsp; )</p><p>My statement was to clarify some of the major players in the scheme (sham). And it doesnt stop there either. I coulda went on to include figures around the globe. They are quite the minority in any of the governments involved, very secretive and clandestine. I admit that the majority are most likely right here in the USA... with Russia being the least involved. ( imagine that )<br />I bet accusing Irish of being under british control is fighing words , eh?&nbsp; &nbsp;LOL</p>]]></description>
			<author><![CDATA[null@example.com (Luke SkyRaper)]]></author>
			<pubDate>Sat, 04 Oct 2008 19:15:24 +0000</pubDate>
			<guid>https://forums.fsmod.com/viewtopic.php?pid=116445#p116445</guid>
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			<title><![CDATA[Re: What Caused Our Economic Crisis?]]></title>
			<link>https://forums.fsmod.com/viewtopic.php?pid=116439#p116439</link>
			<description><![CDATA[<p>No...I dont think it is a US domination plan. And did you just say I was part of the British Empire?</p>]]></description>
			<author><![CDATA[null@example.com (Stardestroyersarecool)]]></author>
			<pubDate>Sat, 04 Oct 2008 17:24:03 +0000</pubDate>
			<guid>https://forums.fsmod.com/viewtopic.php?pid=116439#p116439</guid>
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