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Overunity Machines Forum



I see an economic diasater coming...

Started by the_big_m_in_ok, September 03, 2009, 01:05:30 AM

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0 Members and 10 Guests are viewing this topic.

Do you think the American economy will ever improve?

Yes, definitely
Possibly, in the long run
No, it will worsen
Undecided

triffid

I hope as prices continue to climb that people will think more long term about their needs.A gasifier is not for everyone but there would be no shortage of fuel to be had for it now.I would try to build one for the truck or tractor.I would use a wood burning stove for heat.I would use a bicycle for trips 7 miles or less if gasoline got too high for me.I would buy canned food and dehydrated foods.So if people help each other we could get through it.I know there will be always those who take at gun point or knife point.Hopefully most people will use reason and the law to make it through.You have to use common sense.triffid

triffid

A gasifier cannot be used indoors as carbon monoxide is made by it.Carbon monoxide will grab on to your red blood cells 1000 times more tightly than oxygen.So you will die if you use one in a closed in space.The only way to deal with it is to never get it.If you get some carbon monoxide you have to wait two weeks for your liver to destroy those red blood cells locked up with carbon monoxide and make new red blood cells.So the only good news here is if you don't die from it ,you will feel better from that point on.triffid

triffid

The massive debt crisis, combined with insane government spending and falling interest rates, will continue to drive the dollar lower and raise the price of everything you buy, from food to energy to clothing and beyondâ€"all as the government prints another $2 trillion in money it does not have (nor does it have the ability to repay it).
The S&P downgrade and continuing market sell-offs proves just that!
That should hardly surprise you.
After all, the onlyâ€"and I repeat, ONLYâ€"option the Fed has to solve this economic crisis is to go deeper into debt and print more money!
The chain reaction will inevitably push the dollar down further, not only increasing commodity, gold, energy and food prices
across the board but also making the U.S. dollar and the U.S. stock market less attractive to foreign investors.
This is why Standard & Poor’s downgraded the U.S. debt rating in the first place on the heels of the debt deal, as the congressional solution to our financial crisis was not enough to get the U.S. back on solid financial footing.

triffid

And while I can’t give you the exact date that you’ll pay $5 a gallon for gas or a gallon of milk or $10 for a box for cereal, I can tell you this:
You WILL pay more for food, energy, and clothing prices in 2012 as the dollar falls and import prices for EVERYTHING rise.
The result will cut into corporate profits and consumer budgets as higher energy prices eat up more of YOUR money.
And the chain reaction will divide Wall Street in half again.
Most investors don’t realize this, but the same falling dollar that means higher food, energy, and import prices and inflation also means higher profits from U.S. companies that sell goods and services around the world.
That’s because as the dollar becomes cheaper, advanced and expensive American technology becomes cheaper too.
This is why our top tech stocks continue to HOLD ON TO their incredible 93%, 56%, 272%, 38%, and 10% gains, and why the likes of BlackRock, Fidelity, Vanguard, and more than 100 other big-name institutional and mutual fund investors continue to pour new money into these stocks as the market sold off on August 8.

triffid

So my previous 2 posts are cut and paste from a very general newsletter trying to sell me on buying a subscription to a finanical news letter but I felt there was some good general info in there.You have the names of about three good mutual funds to invest in if you care to.I think vanguard is generally pretty good.triffid