The *very soon* coming economic collapse....video

[werepossum]

Should have bought silver. You know, for the werewolves that are inevitably going to appear under cover of the societal collapse . . .



what if I want protection from werepossums? Should I buy unobtainium?

None of the hyperinflationists' stories check out. We'll have to create tons of currency out of nowhere to pull that off. Which the Fed has done, but that doesn't matter, because it's been controlled, and because interest on debt can absorb the excess cash.

No need for unobtanium; a sharp blow to the snout and werepossums sull up and play dead.

Gas prices are probably going up for three reasons. First, demand is increasing as most countries emerge from the recession. Second, the dollar is falling as we electronically print more. Third, people have grown to expect it will continue to go up, so they try to keep full tanks to beat the expected future hikes. This causes prices to rise as more gas is sold and therefore raising prices is less risky; your gas may sell a bit more slowly than your neighbor's, but it will still sell, and likely as quickly at the new higher price as it used to sell at the lower price. But this phenomenon is self-extinguishing; it raises demand short term, but pretty soon everyone has a full tank and gets tired of buying gas every day or two, and then prices stabilize or even fall as retailers drop prices to increase volume.

As far as riots, liberals have been talking for decades about artificially raising gas prices to $7 or even $10 per gallon to cut demand. I see no reason that $4 gasoline, or $5 or $6 gasoline, would cause any widespread riots. Much more likely that it would simply cause more people to drive less and more people to take mass transit, just as did $5 gas after Katrina. Americans are NOT like Europeans, rioting every time something happens that we don't like. Even most Europeans don't do that. And the food riots (such as in Mexico) are much, much different. There's a huge difference between not being able to afford enough food to avoid starving, and not being able to afford gas to go hang out in the mall or visit your gym. America is still a country where poverty wears hundred dollar running shoes.

 

[soccerballtux]

Someone should archive all the end of the world threads that have been posted here. It would be funny to go back and read them all.

Actually I recall the "america is less than 100 days from funancial collapse" one.

Within that time period Lehmon Bro's failed and if the Fed hadn't stepped in, everyone's CDSs would have come due and everybody would have gone bankrupt.

It didn't happen, but not exactly funny.

 

[soccerballtux]

No need for unobtanium; a sharp blow to the snout and werepossums sull up and play dead.

Gas prices are probably going up for three reasons. First, demand is increasing as most countries emerge from the recession. Second, the dollar is falling as we electronically print more. Third, people have grown to expect it will continue to go up, so they try to keep full tanks to beat the expected future hikes. This causes prices to rise as more gas is sold and therefore raising prices is less risky; your gas may sell a bit more slowly than your neighbor's, but it will still sell, and likely as quickly at the new higher price as it used to sell at the lower price. But this phenomenon is self-extinguishing; it raises demand short term, but pretty soon everyone has a full tank and gets tired of buying gas every day or two, and then prices stabilize or even fall as retailers drop prices to increase volume.

As far as riots, liberals have been talking for decades about artificially raising gas prices to $7 or even $10 per gallon to cut demand. I see no reason that $4 gasoline, or $5 or $6 gasoline, would cause any widespread riots. Much more likely that it would simply cause more people to drive less and more people to take mass transit, just as did $5 gas after Katrina. Americans are NOT like Europeans, rioting every time something happens that we don't like. Even most Europeans don't do that. And the food riots (such as in Mexico) are much, much different. There's a huge difference between not being able to afford enough food to avoid starving, and not being able to afford gas to go hang out in the mall or visit your gym. America is still a country where poverty wears hundred dollar running shoes.

To quote a friend, we're the only country with such monstrously obese poor people. Lol.

I believe the only reason gas is going up is because ooil is on the commodities market. Remove it again (like it was in the Clinton days ane prior) and the price will plummet.
That would be disastrous for the green movement though.

I think it's costing more because of speculation. It's a requirement of life. Easy way to extract money from the masses to protect your cash if you think there's too much money in the system and we're spending too much.

 

[fskimospy]

The dollar is gearing up to suffer one of the great meltdowns in monetary history. China and Russia have been buying up gold every chance they get and they've already ditched the dollar for interchanges between them.

Not sure gold and silver are totally safe bets long-term, though. After all, FDR confiscated all private US gold to stabilize the monetary system back in the 30s.

We've a ways to go before total collapse. Bernake and the fed will first hyperinflate the dollar as a last ditch effort to stave off what is more and more seeming likely--a huge global financial disaster.

I think once the federal oversight committee starts digging into the Federal Reserve shenanigans a lot of the reality of this will start coming out in plain view. Whether the mainstream US media actually clues in is another matter entirely but I hope people starting waking up. We're definitely not on sound economic ground anymore. There's just far too much bad debt floating around and the underlying global financial system is blowing gaskets.

No, it's really not.

 

[sandorski]

The Euro is the only serious contender with the $US and it's weakening fast. I wouldn't worry too much about $US collapse. Large reason being that Currency value is largely dependent on their comparison to other currencies.

 

[irwincur]

The sky is falling...

Believe it or not, the world has been in much deeper and darker times than now, and made it out. Many times in the last 150 years. The current 'crisis(s)' are always portrayed as the worst - you can thank the media for that.

Political history is a lot like a Flintstones background, it just keeps repeating and repeating.

 

[nyker96]

nice let me get some popcorn for this one ...

 

[Zebo]

When is very soon? 2 years? 5 years? 10 years? 50 years? 500 years?

To me, "very soon" is less than a year.

If that were the case then where is the smart money going? If the US collapses, so will China, so Jim Rogers and Peter Schiff are wrong. Why aren't they building doomsday bunkers?

I mean, really, if somebody knew this whole shebang was going to collapse, they'd be making shit-tons of money on it right now. Where is it?

Gold is about to hit 1500. If things really collapse you won't make shit because investment won't be honored. Money is an abstract representing value. If money is worthless and value is what's in you possession GL getting anything out of the Wall street.

I don't really buy the total sudden stop collapse because of mechanisms in place but I am prepared and fully bunkerfied just in case. Doesn't cost much and good for piece of mind. It's like carrying a high-lift jack, toolset. and emergency kit when 4 wheeling. Better to have it and not need it than need it and not have it.

 

[JMapleton]

I would like to note, this video was written by Jonathan Lebed. Google him and then the video looses some of it's credibility.