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When Will The Economy Collapse?
- Thread starter stonehart
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stonehart
Paranormal Adept
well yes and also no.. good intentions but honestly where the youth of today are concerned not enough of them are politicized enough to make a difference.
They are all to interested in what new bling they can have, who said what on face book and who is going to win the latest (un)reality show.
If he was thinking that Occupy was started by the youth of today then he he needs to do a bit more study. Yeah sure they were involved but if you want to know who kicked it off it was those of my generation and that was Gen X.
I like links because they give the reader something to fact check, thats not to say all links are factual all the time. But its a start and lifts the debate one step higher than just opinions.
The reaction to my post about buying some bullion last week was in some cases, thats a waste of time and money. It has no value.
And i agree insomuch that any form of money in and of itself has no inherant or intrinsic value be that gold,silver,shells,cocoa beans etc etc.
Its the collective belief that an item does that counts, a piece of paper with 100 printed on it buys a lot of fish, but the note itself has no real value.
I dont hold physical silver because it has any inherant value, i know that it does not.
But in the event of a global economic collapse i am confident the collective belief that it does, as it has for a very very long time will make it a useful item to possess.
If the collapse never comes, then just before they ship me off to the nursing home, i can cash it in and have my last tango in paris before settling down harrasing the nurses and strained vegies.
The reaction to my post about buying some bullion last week was in some cases, thats a waste of time and money. It has no value.
And i agree insomuch that any form of money in and of itself has no inherant or intrinsic value be that gold,silver,shells,cocoa beans etc etc.
Its the collective belief that an item does that counts, a piece of paper with 100 printed on it buys a lot of fish, but the note itself has no real value.
I dont hold physical silver because it has any inherant value, i know that it does not.
But in the event of a global economic collapse i am confident the collective belief that it does, as it has for a very very long time will make it a useful item to possess.
If the collapse never comes, then just before they ship me off to the nursing home, i can cash it in and have my last tango in paris before settling down harrasing the nurses and strained vegies.
Tyger
Paranormal Adept
Listen and weep. 
Though after listening to this I am going to make a point of purchasing this man's book. Talk about grace under (ignorant) fire.
Is This The Most Embarrassing Interview Fox News Has Ever Done?
LINK: Is This The Most Embarrassing Interview Fox News Has Ever Done
And then - the man who just says it -
Pres. Carter Says “America Has No Functioning Democracy”
LINK: Pres. Carter Says "America Has No Functioning Democracy" | Care2 Causes
I recall not so long ago, the economist John Kenneth Galbraith (who died in 2006), was having a profile done on him by the television show '60 Minutes'. The reporter - Mike Wallace, I think - was interviewing his wife, and others, but not Mr Galbraith because, it was explained, he was very ill. Perhaps they had arranged the profile when he was well and then he took a turn for the worse, I don't know. However, what was significant was that at the end of the reporter's visit, Mr Galbraith made it clear he wanted to talk to Mike Wallace. This man literally arose from his death bed and propped himself up for what turned into a 20 to 30 minute interview, where Galbraith sounded his warning that the US Government was bought by corporations. He died close after this.
In this case I did go on google
looking for that interview on YouTube - to no avail - but on wiki I did come upon this - it seems he was sounding the warning before his death - but did we listen? Yes, but what does one do with such information? If we had our investigative newspapers across the country still functioning - there would be hope.
"There's no question that this is a time when corporations have taken over the basic process of governing." ~ Galbraith on the NewsHour, PBS television, shortly before his death.
And then I saw this quote from him on money!
"The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent." ~ John Kenneth Galbraith writing in 'Money: Whence it came, where it went' (1975).
He was a very quotable man. One favorite -
"Under capitalism, man exploits man. Under communism, it's just the opposite." - John K Galbraith
The wiki article on Galbraith is pretty decent and I offer this snippet from Wiki on 'Financial Bubbles': "In A Short History of Financial Euphoria (1994), he traces speculative bubbles through several centuries, and argues that they are inherent in the free market system because of "mass psychology" and the "vested interest in error that accompanies speculative euphoria." Also, financial memory is "notoriously short": what currently seems to be a "new financial instrument" is inevitably nothing of the sort. Galbraith cautions: "The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version." Crucial to his analysis is the assertion that the common factor in boom-and-bust is the creation of debt to finance speculation, which "becomes dangerously out of scale in relation to the underlying means of payment." The financial crisis of 2008, which took many economists by surprise, seemed to confirm many of Galbraith theses."
Though after listening to this I am going to make a point of purchasing this man's book. Talk about grace under (ignorant) fire.Is This The Most Embarrassing Interview Fox News Has Ever Done?
LINK: Is This The Most Embarrassing Interview Fox News Has Ever Done
And then - the man who just says it -
Pres. Carter Says “America Has No Functioning Democracy”
LINK: Pres. Carter Says "America Has No Functioning Democracy" | Care2 Causes
I recall not so long ago, the economist John Kenneth Galbraith (who died in 2006), was having a profile done on him by the television show '60 Minutes'. The reporter - Mike Wallace, I think - was interviewing his wife, and others, but not Mr Galbraith because, it was explained, he was very ill. Perhaps they had arranged the profile when he was well and then he took a turn for the worse, I don't know. However, what was significant was that at the end of the reporter's visit, Mr Galbraith made it clear he wanted to talk to Mike Wallace. This man literally arose from his death bed and propped himself up for what turned into a 20 to 30 minute interview, where Galbraith sounded his warning that the US Government was bought by corporations. He died close after this.
In this case I did go on google
looking for that interview on YouTube - to no avail - but on wiki I did come upon this - it seems he was sounding the warning before his death - but did we listen? Yes, but what does one do with such information? If we had our investigative newspapers across the country still functioning - there would be hope."There's no question that this is a time when corporations have taken over the basic process of governing." ~ Galbraith on the NewsHour, PBS television, shortly before his death.
And then I saw this quote from him on money!
"The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent." ~ John Kenneth Galbraith writing in 'Money: Whence it came, where it went' (1975).
He was a very quotable man. One favorite -
"Under capitalism, man exploits man. Under communism, it's just the opposite." - John K Galbraith
The wiki article on Galbraith is pretty decent and I offer this snippet from Wiki on 'Financial Bubbles': "In A Short History of Financial Euphoria (1994), he traces speculative bubbles through several centuries, and argues that they are inherent in the free market system because of "mass psychology" and the "vested interest in error that accompanies speculative euphoria." Also, financial memory is "notoriously short": what currently seems to be a "new financial instrument" is inevitably nothing of the sort. Galbraith cautions: "The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version." Crucial to his analysis is the assertion that the common factor in boom-and-bust is the creation of debt to finance speculation, which "becomes dangerously out of scale in relation to the underlying means of payment." The financial crisis of 2008, which took many economists by surprise, seemed to confirm many of Galbraith theses."
Tyger
Paranormal Adept
You beat me to the punch - when I came back on after composing my post, you had already posted the link. Yes, Mr Carter is a says-it-like-he-sees-it kinda guy.
And then I saw this quote from him on money!
"The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent." ~ John Kenneth Galbraith writing in 'Money: Whence it came, where it went' (1975).
The BMI is a good example of that
McDonald’s Big Mac tracks inflation better than government CPI | Economic Collapse News
The Big Mac And Your Financial Health: Rising Burger Prices Show A Worrying Trend | Mentions: SPDR Dow Jones Industrial Average ETF (DIA), iShares S&P 500 Index (ETF) (IVV), iShares Dow Jones U.S. Index Fund (ETF) (IYY), SPDR S&P 500 ETF Trust (SPY) - Seeking Alpha
Its another reason why i prefer to stash silver under the matress so to speak rather than cash.
A ten dollar note in 1998 would have bought me four Big Macs, but had i stashed it and pulled it out today that same ten dollar note only buys me two with some change left over
Silver on the other hand looks like this
Even at the lowest spot price each year its quadrupled in relative value
A ten dollar note in 1998 would have bought me four Big Macs, but had i stashed it and pulled it out today that same ten dollar note only buys me two with some change left over
Silver on the other hand looks like this
Even at the lowest spot price each year its quadrupled in relative value
stonehart
Paranormal Adept
Not sure if people here have been following what is going on in New Zealand right now but if our scum ball of a Prim minister gets the GCSB bill passed it will not be long until posting in this sort of thread could be more than a little dangerous for me. I am not even joking in the slightest.
Tyger
Paranormal Adept
stonehart
Paranormal Adept
Oh you......
You'll be alright
LOL!!! those were the old days my friend...
Why?
Because we are building our own NSA here in NZ and the government is hell bent on making sure we have it in place asap.
The internet is being Balkanised.
boomerang
Paranormal Adept
I doubt it will be wholly your own. There is sort of an Anglo-American consortium at work here. God only knows what sort of profile they could construct on this old geezer, given my politically "radical" attitudes and beliefs. . I simply hope I am not important enough for "them" to bother.
Ugly way to have to think, isn't it? This whole thing is culturally corrosive.
stonehart
Paranormal Adept
Oh I agree it is extremely culturally corrosive but I can see why the powers that be are frightened to death of the internet and what it is becoming.
The people are able to organize and find a voice through it, not just local but international and that has the elite scrambling to get control of it.
For here is the thing my friends, the last thing those in power really want is for you and me to actually have a say in how this world is run.. you know god forbid we might even find a better way of living that is not biased on power by fear. Oh they will use excuses like "The war on terror" or "Protect the children", but when it comes down to it these are simply fear devices used to keep me and you in line.
You would think at this time I would be keeping quite and trying to not draw attention to my thoughts and opinions... but fuck them I would sooner die on my feet than live in fear.
PressTV - Bank of Cyprus depositors to lose 47.5 percent of savings
Shares ...... lol
Last time i checked buying shares in a company was personal choice, and who would buy shares in the bank of cyprus ?
Can you sell these shares ?
Dont piss on my shoes and insist its just raining.........
Can you imagine you sold your house last week, you put the money in the bank while you look for a new home to buy.......
And bango, half of its gone
You owned your own business all your life and not trusting superannuation fund managers, you put aside a nestegg for your retirement, poof half gone
And a real case from cyprus, you just sold your family business a resturant, you put the money in the bank while you took a break, intending to set up a new one after a well deserved holiday........ half is gone
And this "bail in" legislation is being written into the books the world over as a precondition of IMF loans
P
pixelsmith
Guest
American Drone - a short film of what is at our door step.
stonehart
Paranormal Adept
Tyger
Paranormal Adept
What-the-hey? I can't delete the above 'quotes'. Whazzat?
Anyway, would so like to discuss this, but off on vacation - Himself gunning the motor as I speak.
But just to say, such videos can be guilty of the self-same sins as they accuse others. Obama has cost the taxpayers 'hundreds of millions of dollars' for his vacations? Really? I don't think so. Obama is one of our less wealthy presidents of recent times and he actually does take a family vacation to Hawaii once a year - on his own dime. The rest of the time he is usually living in D.C. - at the White House. Is that the vacation? Because in some previous administrations the particular president was so permanently 'on vacation' that the press had a phrase for it - 'the Texas White House', is one example of that phrase. In fact when that president went on vacation to Maine in the summer, the press never called his location there 'the Maine White House' - for a reason, he was on a valid vacation. If such a video cannot get even that little factoid straight, if such a video is not adverse to hate-spin just because it can, much of it's premise and 'facts' with other things comes under suspicion.
P.S. I wanted to delete the following sentence because I realized I was wrong on this point - the press did refer to 'the Maine White House': "In fact when that president went on vacation to Maine in the summer, the press never called his location there 'the Maine White House' - for a reason, he was on a valid vacation." However, the system is not allowing me to do any deletions!
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