Depression coming. it will make the dirty 30's look like a bubble bath

[LegendKiller]

Originally posted by: BeauJangles

Originally posted by: Printer Bandit
this scares me.......


1. At the beginning of July, the Bank of International Settlements in Switzerland , which is owned by the thirteen [Illuminati] Banking Families under Rothschild, stated that it wanted to audit the US Federal Reserve. Bush reluctantly had to agree to this, but with the proviso that the audit would not be conducted until he has left office. However, when the truth inevitably leaks out on 30th September 2008, clearly the Bank of International Settlements will no longer be prepared to accept the US Dollar.

2. With the realization that the Federal Reserve has been pumping two billion US Dollars a day into the economy in a forlorn effort to try to keep the US afloat, the US is now construed as 'the poor kid on the block', the 'bankrupt of the world' and nobody is prepared to lend them anything. Foreign governments have said 'We will no longer take your bonds'.

3. This situation has a worldwide repercussion: for example China, which is the biggest US creditor, has told US importers that they may not pay more then 20% of the total cost of their goods in US Dollars.

4. Also since the beginning of July, Germany has announced that it will no longer accept Euros from eight of their fellow EU members, the two countries with which they are most concerned being Italy and Spain

5. The Real Estate market is expected to go down by an additional 50% from its value on 16th August. Because of the collapse of the Real Estate market, which is expected to lead to at least a further two million foreclosures within the next 12 months, US Banks are no longer prepared to trust each other, so inter-bank lending has virtually ceased.

6. This has had a knock-on effect on would-be house purchasers.like the old days, anyone who now wants to get a mortgage has to put 20% down and to satisfy the lender that their job is secure.

7. You may have seen Bush go on television to tell everyone not to worry as the US Government-sponsored Federal Deposit Insurance Corporation (FDIC) will guarantee the safety of their bank deposits. However, the truth is that the FDIC can barely raise 30 cents on the dollar to cover its potential liabilities; and Bank of America and Wells Fargo are in a similar situation.

8. Banks have already started telling their depositors that they cannot withdraw their own cash.

9. It is universally accepted internationally that the US Dollar is going to collapse by the end of September 2008. Some foreign banks have already started to refuse to take US deposits and, since the Patriot Act, if you do manage to send money to a foreign bank, they are required to report the fact to the USG, who will make you prove how you obtained it and if you cannot do so, they will automatically label you a 'terrorist' or a 'drug dealer' and confiscate it.

10. The Bank of South America is trying to organize its own currency for use within the South American continent when the US Dollar finally crashes, based on an initial provision of eight billion dollars.

11. As at July 1st, the Japanese stock market was down 12%, the Australian stock market was down 18%, the German stock market was down 22%, the Indian stock market was down 36%; and China's Shanghai Exchange was down 50%.

12. Within the next year, the DOW is expected to fall to between 7500 and 8000.

13. Everyone is now desperately trying to get liquid; and Oil, Gold and Drugs have become the universally accepted world currencies. 14. The only sensible advice is either to change dollars into other currencies, or buy gold and silver (while you still can, because the US is likely to make it illegal to own gold); and stock up on canned food, the price of which is going to go through the roof. Already the major canners have reduced the size of cans by 20% to preserve stock whilst also maximizing their profits. «

This post is like being bukkaked with stupid.

No shit. Gotta love internet educations.

 

[jonks]

Originally posted by: Citrix
the rich will make out just fine

W00 H00! Thanks for that final reassurance, I was getting worried by the rest of your post. Sorry for the rest of you suckers but hey, god hates poor people.

 

[Itchrelief]

Originally posted by: SparkyJJO

Originally posted by: Citrix
the rich will make out just fine while us working stiffs get locked down in steerage and we go down with the ship.

You sound bitter. Work harder, or get a different job, or something. Many (not all of course, but many) rich people worked to get there, or inherited it from a family member who worked hard to get there, or some got there over a couple generations of working hard and leaving a decent inheritance for the kids, and the kids likewise working hard.

Now those guys in congress I think could all use a pay cut.

Also, P&N is
<------- that way

Hey, I'm sure most congresscritters work hard too (or at least put in a lot of hours related to the job/keeping it). You may not like their results or how they work hard, but still it's not like they hang out at the jacuzzi all day.

Even if you think they "bought" or otherwise got into office in a non-kosher way, campaigning takes a lot of time, and even the money from self-funded campaigns comes from the candidate who "worked hard" or his rich forebears who "worked hard".

At least be consistent.

 

[iamwiz82]

Originally posted by: LegendKiller

Originally posted by: BeauJangles

Originally posted by: Printer Bandit
this scares me.......


1. At the beginning of July, the Bank of International Settlements in Switzerland , which is owned by the thirteen [Illuminati] Banking Families under Rothschild, stated that it wanted to audit the US Federal Reserve. Bush reluctantly had to agree to this, but with the proviso that the audit would not be conducted until he has left office. However, when the truth inevitably leaks out on 30th September 2008, clearly the Bank of International Settlements will no longer be prepared to accept the US Dollar.

2. With the realization that the Federal Reserve has been pumping two billion US Dollars a day into the economy in a forlorn effort to try to keep the US afloat, the US is now construed as 'the poor kid on the block', the 'bankrupt of the world' and nobody is prepared to lend them anything. Foreign governments have said 'We will no longer take your bonds'.

3. This situation has a worldwide repercussion: for example China, which is the biggest US creditor, has told US importers that they may not pay more then 20% of the total cost of their goods in US Dollars.

4. Also since the beginning of July, Germany has announced that it will no longer accept Euros from eight of their fellow EU members, the two countries with which they are most concerned being Italy and Spain

5. The Real Estate market is expected to go down by an additional 50% from its value on 16th August. Because of the collapse of the Real Estate market, which is expected to lead to at least a further two million foreclosures within the next 12 months, US Banks are no longer prepared to trust each other, so inter-bank lending has virtually ceased.

6. This has had a knock-on effect on would-be house purchasers.like the old days, anyone who now wants to get a mortgage has to put 20% down and to satisfy the lender that their job is secure.

7. You may have seen Bush go on television to tell everyone not to worry as the US Government-sponsored Federal Deposit Insurance Corporation (FDIC) will guarantee the safety of their bank deposits. However, the truth is that the FDIC can barely raise 30 cents on the dollar to cover its potential liabilities; and Bank of America and Wells Fargo are in a similar situation.

8. Banks have already started telling their depositors that they cannot withdraw their own cash.

9. It is universally accepted internationally that the US Dollar is going to collapse by the end of September 2008. Some foreign banks have already started to refuse to take US deposits and, since the Patriot Act, if you do manage to send money to a foreign bank, they are required to report the fact to the USG, who will make you prove how you obtained it and if you cannot do so, they will automatically label you a 'terrorist' or a 'drug dealer' and confiscate it.

10. The Bank of South America is trying to organize its own currency for use within the South American continent when the US Dollar finally crashes, based on an initial provision of eight billion dollars.

11. As at July 1st, the Japanese stock market was down 12%, the Australian stock market was down 18%, the German stock market was down 22%, the Indian stock market was down 36%; and China's Shanghai Exchange was down 50%.

12. Within the next year, the DOW is expected to fall to between 7500 and 8000.

13. Everyone is now desperately trying to get liquid; and Oil, Gold and Drugs have become the universally accepted world currencies. 14. The only sensible advice is either to change dollars into other currencies, or buy gold and silver (while you still can, because the US is likely to make it illegal to own gold); and stock up on canned food, the price of which is going to go through the roof. Already the major canners have reduced the size of cans by 20% to preserve stock whilst also maximizing their profits. «

This post is like being bukkaked with stupid.

No shit. Gotta love internet educations.

I, for one, appreciate the post. I get my financial advice from masseuses and my massages by finance people.

LegendKiller, I am waiting for my backrub.

 

[lokiju]

Originally posted by: Printer Bandit
this scares me.......


1. At the beginning of July, the Bank of International Settlements in Switzerland , which is owned by the thirteen [Illuminati] Banking Families under Rothschild, stated that it wanted to audit the US Federal Reserve. Bush reluctantly had to agree to this, but with the proviso that the audit would not be conducted until he has left office. However, when the truth inevitably leaks out on 30th September 2008, clearly the Bank of International Settlements will no longer be prepared to accept the US Dollar.

2. With the realization that the Federal Reserve has been pumping two billion US Dollars a day into the economy in a forlorn effort to try to keep the US afloat, the US is now construed as 'the poor kid on the block', the 'bankrupt of the world' and nobody is prepared to lend them anything. Foreign governments have said 'We will no longer take your bonds'.

3. This situation has a worldwide repercussion: for example China, which is the biggest US creditor, has told US importers that they may not pay more then 20% of the total cost of their goods in US Dollars.

4. Also since the beginning of July, Germany has announced that it will no longer accept Euros from eight of their fellow EU members, the two countries with which they are most concerned being Italy and Spain

5. The Real Estate market is expected to go down by an additional 50% from its value on 16th August. Because of the collapse of the Real Estate market, which is expected to lead to at least a further two million foreclosures within the next 12 months, US Banks are no longer prepared to trust each other, so inter-bank lending has virtually ceased.

6. This has had a knock-on effect on would-be house purchasers.like the old days, anyone who now wants to get a mortgage has to put 20% down and to satisfy the lender that their job is secure.

7. You may have seen Bush go on television to tell everyone not to worry as the US Government-sponsored Federal Deposit Insurance Corporation (FDIC) will guarantee the safety of their bank deposits. However, the truth is that the FDIC can barely raise 30 cents on the dollar to cover its potential liabilities; and Bank of America and Wells Fargo are in a similar situation.

8. Banks have already started telling their depositors that they cannot withdraw their own cash.

9. It is universally accepted internationally that the US Dollar is going to collapse by the end of September 2008. Some foreign banks have already started to refuse to take US deposits and, since the Patriot Act, if you do manage to send money to a foreign bank, they are required to report the fact to the USG, who will make you prove how you obtained it and if you cannot do so, they will automatically label you a 'terrorist' or a 'drug dealer' and confiscate it.

10. The Bank of South America is trying to organize its own currency for use within the South American continent when the US Dollar finally crashes, based on an initial provision of eight billion dollars.

11. As at July 1st, the Japanese stock market was down 12%, the Australian stock market was down 18%, the German stock market was down 22%, the Indian stock market was down 36%; and China's Shanghai Exchange was down 50%.

12. Within the next year, the DOW is expected to fall to between 7500 and 8000.

13. Everyone is now desperately trying to get liquid; and Oil, Gold and Drugs have become the universally accepted world currencies. 14. The only sensible advice is either to change dollars into other currencies, or buy gold and silver (while you still can, because the US is likely to make it illegal to own gold); and stock up on canned food, the price of which is going to go through the roof. Already the major canners have reduced the size of cans by 20% to preserve stock whilst also maximizing their profits. «

Where do you come up with this stuff?

 

[LegendKiller]

Originally posted by: iamwiz82

I, for one, appreciate the post. I get my financial advice from masseuses and my massages by finance people.

LegendKiller, I am waiting for my backrub.

But what will my wife think?

 

[LegendKiller]

Originally posted by: lokiju

Where do you come up with this stuff?

The internet tubes are dangerous in the hands of the mentally feeble.

He lost me with "Illuminatti", then proceeded to make all sorts of stupid prognostications, half-truths, and outright lies.

 

[AccruedExpenditure]

OP = Idiot
-AE

 

[Triumph]

During the Great Depression, unemployment peaked at 25%. Ask yourselves, do any of you see that happening?

 

[nakedfrog]

That's great, it starts with an earthquake.

 

[Ktulu]

Originally posted by: zoiks
Too bad our money is tied up in our wars.

But but the surge is working

 

[Special K]

OH TEH NOES!!!!11111oneone

 

[Anubis]

Originally posted by: lokiju

Originally posted by: Printer Bandit
this scares me.......

«

Where do you come up with this stuff?

LSD

 

[alkemyst]

Originally posted by: Printer Bandit
this scares me.......


1. At the beginning of July, the Bank of International Settlements in Switzerland , which is owned by the thirteen [Illuminati] Banking Families under Rothschild, stated that it wanted to audit the US Federal Reserve. Bush reluctantly had to agree to this, but with the proviso that the audit would not be conducted until he has left office. However, when the truth inevitably leaks out on 30th September 2008, clearly the Bank of International Settlements will no longer be prepared to accept the US Dollar.

Once Illuminati and the like are brought into a topic...even if you are speaking factually, you will lose probably 90% of your audience.

Fact is much of the world is controlled by the same people that did so 100's of years ago. Unless they were wiped out by coup or death, they just keep rolling bigger and bigger each year.

 

[SagaLore]

Originally posted by: Citrix
most people didn't own homes

Somebody owned those homes. Most people just paid rent to somebody else.

The landlords were pushing rent to high which hurt a lot of people, and evictions were regular.

Now that manufacturing is offshored, the cost of producing those products won't directly change due to problems with our own economy. That means those who can still afford to make purchases will not be as affected. They will help drive money through the economy even while others are having a tough time. So it keeps us from dipping too low.

Sorry, your argument doesn't work. If anything, we're in better shape now than before.

 

[So]

Originally posted by: Citrix
back then...

most people didn't own homes

if you had a home a second mortgage was bad and you were considered a loser

a weak dollar

credit cards

the U. S. government was not $14 trillion in debt and they had a trade surplus, not a trade deficit.

sky high energy cost.

We weren?t fighting two wars that have sapped already $2 trillion from our American treasury and it?s getting worse.

We still had a manufacturing base in the United States so that when WWII broke out and the economy improved afterwards, we were still able to produce more so than any other country in the world. But now, the U. S. off-shores so much manufacturing now.


get ready folks this is going to suck. the rich will make out just fine while us working stiffs get locked down in steerage and we go down with the ship.

In the 30s, the dollar was weaker, energy was more expensive, people did have credit, and manufacturing is only useful if you're getting into WWII.

Citrix, you've not shown the most calm or careful reasoning in the past, and this is another example of your quickness to jump to conclusions. The situation the US is in today resembles the UK in 1908 much MUCH more than it does the US in 1928.

 

[sdifox]

Is this another one of your Theory?

 

[Atomic Playboy]

Originally posted by: nakedfrog
That's great, it starts with an earthquake.

Birds and snakes, an aeroplane. Lenny Bruce is not afraid...

 

[alkemyst]

Originally posted by: Printer Bandit
since the Patriot Act, if you do manage to send money to a foreign bank, they are required to report the fact to the USG, who will make you prove how you obtained it and if you cannot do so, they will automatically label you a 'terrorist' or a 'drug dealer' and confiscate it.

The patriot act was probably the most fucked up piece of anti-america ever passed. Conspiracy or not, getting this passed alone would have made the 9/11 attacks worth it.

People love to think the government is good and always looking out for the people. However, all it would take is for some higher up to want to apply this to any citizen. Most would probably fail the tests and be able to have the act applied to them.

They take your house and lock you up. All your assets are frozen. Good luck fixing this no matter who you are or how innocent you were.

People read this Act and yet still do not comprehend the implications it has.

 

[alkemyst]

Originally posted by: astroidea
But then again the 30s didn't have all the social and insurance programs designed to prevent another great depression.
There weren't any business regulations that kept businesses from paying out a dime per hour.
It goes both ways.

Unfortunately almost everyone of those safeguards have been so underfunded that they only provide a false sense of security.

It's akin to have a deadbolt put on every house, yet they never getting tested. One day someone goes and realizes that any key will open each one and cleans out all their neighbors.

 

[GTaudiophile]

Well, as we learned in 1941, the best way to recover is to start another World War. Four years later and all is okay again.

Let the nukes fly baby!

 

[iamwiz82]

Originally posted by: GTaudiophile
Well, as we learned in 1941, the best way to recover is to start another World War. Four years later and all is okay again.

Let the nukes fly baby!

Let's hit Madagascar. They pissed me off one too many times in Pandemic 2.

 

[Atomic Playboy]

Originally posted by: GTaudiophile
Well, as we learned in 1941, the best way to recover is to start another World War. Four years later and all is okay again.

Let the nukes fly baby!

In the 19-teens we went to war with Germany; the 1920s were among the most profitable years in US history.
In the 1940s we went to war with Germany; the 1950s were among the most profitable years in US history.
I think it's about time we went to war with Germany.

 

[Slew Foot]

LEONARD BERNSTEIN!!!!!!!!

 

[Platypus]

Originally posted by: Platypus
can we flush all this doom and gloom bullshit to P&N where it belongs?