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Posts: 29 to 35 of 37
- Registered: 2007-11-23
- Posts: 776
Re: What Caused Our Economic Crisis?
There will be no work in mexico , lol. They cant even take care of their own. This is very global, I dont care what you say. Just watch, you all will feel the pain , citezens 1st. 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. 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.. But , no laughing matter, the global economy is hitting the skids, and we are just passengers. powerless. We are just starting Im afraid. 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? ) 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. Dont you get the news over there? Or is it a state-edited version to prevent panic? If thats not freeking scary, I want some of the dope you guys smoke, to ease my fears (amsterdam , holland ?) Hang on ,my brothers overseas, everyones in this together. Since we are getting closer to Halloween , I want to scare my fellow americans a little ( just a little ) http://moneycentral.msn.com/detail/stoc … mbol=$INDU thats from today alone. Yow! we are off over 880 points since monday ( and this is AFTER my long colorful rant ) Im a prophet, beware .. heed the warnings
"The victorious win the battle, then go out to fight ... while the defeated go out to fight, then try to win the battle. -SunTzu "The only difference between a capitalist and a communist is that the communist hates competition!" -Circuit 
- Bandu
- Ron Paul for Prez!
- Offline
- From: Manchester , UK
- Registered: 2006-01-15
- Posts: 5,867
Re: What Caused Our Economic Crisis?
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't, you are "consumers" and that is why America (and the likes of Africa) are doomed in the long term.
"Government is the great fiction, through which everybody endeavours to live at the expense of everybody else." Frédéric Bastiat

- Athlon
- Sith Apprentice
- Offline
- From: Coventry UK
- Registered: 2008-01-23
- Posts: 600
Re: What Caused Our Economic Crisis?
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
"Something something something Dark Side.. Something something something Complete!" 
- Registered: 2007-11-23
- Posts: 776
Re: What Caused Our Economic Crisis?
LOL bandu ...I think european denial will only make things worse for you all. European socialism has a way of hiding facts from its general populations. But that freight train you thought was a light at the end of the tunnel will crash that illusion soon enough. ( I wish our society was as insular as yours actually ) It is true and it is sad about our loss of manufacturing. Something Ive always hated. I used to be an aircraft TIG welder, servicing Airframe parts... and all that went south years ago. 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 ! Thats quite insulting. 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 ? You missed it ! Wrong answer buddy . ASIA. http://www.foxnews.com/story/0,2933,434262,00.html Look at the photo, its worth more than 1000 words.
Asia and Europe depend on our buying power more than you think or know apparently. We arent the bottom feeders in the world economy like you would like to beleive, Our cusion is fading fast, but both asia and europe will slide past us on the way down. I mean since we are the "buyers" and you are the "sellers" ... when we stop buying you stop selling, right? Its awful hard to eat a rolls royce or a posche. Even with hot sauce. Dont hate me for being right, but you have no cusion. Its going to be a sad situation for everyone. Sadder is you being a hater of america, how your media has been warped. 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 !!! ( alarms ) THIS IS NOT A DRILL! - REPEAT - THIS IS NOT A DRILL! ( more alarms ) 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. Ever read the Bible? Check out the last chapter, Revelations.
"The victorious win the battle, then go out to fight ... while the defeated go out to fight, then try to win the battle. -SunTzu "The only difference between a capitalist and a communist is that the communist hates competition!" -Circuit 
33 Reply by Bandu 2008-10-08 19:44:54 (edited by Bandu 2008-10-08 20:00:16)
- Bandu
- Ron Paul for Prez!
- Offline
- From: Manchester , UK
- Registered: 2006-01-15
- Posts: 5,867
Re: What Caused Our Economic Crisis?
Luke SkyRaper wrote:LOL bandu ...I think european denial will only make things worse for you all. European socialism has a way of hiding facts from its general populations. But that freight train you thought was a light at the end of the tunnel will crash that illusion soon enough. ( I wish our society was as insular as yours actually ) It is true and it is sad about our loss of manufacturing. Something Ive always hated. I used to be an aircraft TIG welder, servicing Airframe parts... and all that went south years ago. 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 ! Thats quite insulting. 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 ? You missed it ! Wrong answer buddy . ASIA. http://www.foxnews.com/story/0,2933,434262,00.html Look at the photo, its worth more than 1000 words.
Asia and Europe depend on our buying power more than you think or know apparently. We arent the bottom feeders in the world economy like you would like to beleive, Our cusion is fading fast, but both asia and europe will slide past us on the way down. I mean since we are the "buyers" and you are the "sellers" ... when we stop buying you stop selling, right? Its awful hard to eat a rolls royce or a posche. Even with hot sauce. Dont hate me for being right, but you have no cusion. Its going to be a sad situation for everyone. Sadder is you being a hater of america, how your media has been warped. 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 !!! ( alarms ) THIS IS NOT A DRILL! - REPEAT - THIS IS NOT A DRILL! ( more alarms ) 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. Ever read the Bible? Check out the last chapter, Revelations.
1st off, I am not in denial, I am just thinking clearly on the matter. 2nd, I think it is rich to say that "European socialism has a way of hiding facts from its general populations" when it is just as bad, if not worse in the US. You've gotten routinely conned into wars, illegal Presidency'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. 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. 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 "blackness". 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 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't think you understand how bad that will be for the US if/when this occurs. 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't stop selling just because the US stop buying. The Asian standard of living will no doubt rise. You'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. I don'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'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'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 "consumers" to spend, but it will only raise prices as a result of inflation. What really is sad is that you label me an "america hater", which is quite absurd, when I have been involved with the Ron Paul grassroots campaign for the last 18+ month'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't be much better at this moment in time. Tho saying all that I am not surprised you turned to the old "anti-American" card, it is how you lot got conned into leading the West into committing genocide in Iraq for the last 10+ years. This isn't about Europe vs the US or Socialism vs Corporatism or any other irrelevant bullcrap like that. This is too serious for that. 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'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.  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.
"Government is the great fiction, through which everybody endeavours to live at the expense of everybody else." Frédéric Bastiat

- S-Guy
- Sith Apprentice
- Offline
- From: The Attic
- Registered: 2007-11-12
- Posts: 745
Re: What Caused Our Economic Crisis?
Luke SkyRaper wrote:Im happy to see the New World Order ( NWO ) plan falling apart at the seams. 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.
Isn't the NWO supposed to start on December 21, 2012? Good times. Luka SkyRaper wrote:When the revolution starts, I will lead a brigade. The second american revolution is comming fast.
You mirror my thoughts. Time to start purchasing weapons and burying them in our back yards...or just get a bunch of crowbars.
Curses, foiled again! 
- Registered: 2007-11-23
- Posts: 776
Re: What Caused Our Economic Crisis?
Finally , a voice of reason and intelligence , not blunder and hot air ! ( 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 )  "Annie , get your guns !" hehe Oh How I feel for the opportunist know it alls. 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 .. . you know it all right ? And Im , .. well .. Im american ,.. so that must mean Im .. well ... wrong , right ? LOL I bet , in person me and you would have a great time at the pub. Oh, but you said China's "raising" intrest rates? Do you get your news from a comic book ? LOL 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. To Quote my favorite 2142 phrase - " AINT HAPPENING! " There isnt Sh!t anyone can do at this point. Mark my words - Im a prophet. ( at least on this subject ) I will however, agree with you guys, 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. We taught you guys new definitions of greed and crime. The amerikans. The very things I stand against. The very things our revolutionary movement will seek to destroy. We too Love the america that used to be alive , but is as dead as you say. Dead as a rotting corpse. It will rise again, and I hope people like you can join us someday. Now that ive led you to my conclusion, the conclusion Half you guys started this thread trying to debunk ( oh my hamsters this is good ! ) 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. ---- ( my translation of the US "government" spittle being passed to the American people as the solution ) -- in shakespearean monologue--
" 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 "cooked our books" 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're all in this together now, and you have no alternative other than to accept our bailout plan (oh, let's call it a "rescue plan" instead) so thatyou can pay for all the economic carnage resulting from our debauchery. " " And don'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! Oh, but perhaps we should not mention that - you might construe that as some kind of silly old moral hazard, hahaha. And never mind that we told you we don't know if the plan will work, because we know it won't, but we didn't want to upset you any more than you already are. 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're working on it! And never mind that THE PROBLEM IS UNSOLVABLE ! This is the United Goldilocks Matrix, where everything turns out juuuuust right! " Bandu , you have me all wrong buddy ... IM NOT MAINSTREAM AMERIKA, Nor are my Peoples. You think of my Peoples as rednecks, as losers, thats where you are Wrong about me. If you could realise what my minority stand for, you would be proud of our resolve. 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. 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 'governments' to solve it all ? Im through with this thread for at least 3 weeks, ( until around Halloween ) BOOO !! just to let the comming developments settle in and sting real good. 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, ... nothing. 
WE are going the see the F@cking US congress hanging from ropes. JOIN THE REBELLION !!! RON PAUL 08 !!!
"The victorious win the battle, then go out to fight ... while the defeated go out to fight, then try to win the battle. -SunTzu "The only difference between a capitalist and a communist is that the communist hates competition!" -Circuit 
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