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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

Previous topic - Next topic

0 Members and 5 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

the_big_m_in_ok

Quote from: triffid on September 22, 2010, 05:50:37 AM
Another delightful conclusion.http://www.news.com.au/business/breaking-news/us-government-hiding-true-amount-of-debt/story-e6frfkur-1225926567256
And I agree with the article.  Credit default swap "derivatives" amounted to $1,000,000,000,000 when they were brought to the attention of the Govt and public, and they're still being sold!  There's a lot of incentive to continue business as usual, and money is the reason.

--Lee
"Truth comes from wisdom and wisdom comes from experience."
--Valdemar Valerian from the Matrix book series

I'm merely a theoretical electronics engineer/technician for now, since I have no extra money for experimentation, but I was a professional electronics/computer technician in the past.
As a result, I have a lot of ideas, but no hard test results to back them up---for now.  That could change if I get a job locally in the Bay Area of California.

the_big_m_in_ok

Quote from: triffid on September 22, 2010, 05:58:30 AM
I don't if you guys saw the same news I saw yesterday but 6 city council members of Bell,Calif were arrested  for misuse of public funds.It seemed that they are guilty of giving themselves insane raises for doing a part time job.4 of the 6 gave themselves at least $100,000 a year salary.The worst offender gave himself something like $750,000 last year.
They also deliberately raised property taxes to finance this "Ponzi scheme".  I wouldn't be surprised of the perpetrators die before their time.
Quote
Just think what would happen if members of congress started being arrested for misuse of the public's money!
Unfortunately!! they make the laws and can exempt themselves from what they want to do to other people.  However, they need the armed forces behind them to make it stick and hold.  We'll see if that happens in the future.  The public outnumbers and outguns the politicians.

--Lee
"Truth comes from wisdom and wisdom comes from experience."
--Valdemar Valerian from the Matrix book series

I'm merely a theoretical electronics engineer/technician for now, since I have no extra money for experimentation, but I was a professional electronics/computer technician in the past.
As a result, I have a lot of ideas, but no hard test results to back them up---for now.  That could change if I get a job locally in the Bay Area of California.


MW383

economic disaster?
surely.
EU currently being destroyed. This will expand beyond EU soon.
After this there will be further 'reorganizations' of wealth.
You will see as economic crashes. The media will go wild.
Bottom Line = attempt at world system
Result = failure. Why? Rebols to true system will always FAIL.
By 2028, assuming 1 is still alive, all bad systems gone.
Just rule will preside.
So as for current systems... Kiss them all goodbye and their masters.
2028.

the_big_m_in_ok

Quote from: MW383 on September 23, 2010, 09:14:00 PM
economic disaster?
surely. ...
I agree with all but your time frame, that's all.  I say it'll be a lot worse than your description and a lot sooner.
Quote
... EU currently being destroyed. This will expand beyond EU soon. ...
Yep. Exactly.  Greece is at the top of the list.  Ireland is next.  Other Europeans are already requiring higher interest rates for bonds sold to these countries---and it's useless anyway:  They very likely can't pay them off.  And that's with the Europeans actually trying to do something constructive by lowering sovereign Gov't spending.  Their constituent populations sometimes object strenuously to the austerity measures.  Ultimately, they'll fail.  So, you're right.
Quote
... After this there will be further 'reorganizations' of wealth.
You will see as economic crashes. The media will go wild.
Bottom Line = attempt at world system
Result = failure. ...
That's fine, as long as someone survives.  I rather believe there'll be "blood in the streets" in Asian countries when people see they have no future compared to what they had in the past.  They'll turn into raging mobs like in the "Resident Evil" series of movies.  They just won't be zombies; they'll be real people.  Then they'll be dead.  Except those who can live in the wilderness.
Quote
... Why? Rebols to true system will always FAIL.
By 2028, assuming 1 is still alive, all bad systems gone.
Just rule will preside. ...
As in Second Coming?  I don't quite follow the last sentence.  I do have my own religious beliefs in that regard(Messiah), but I usually don't discuss them unless having someone bring it up.
Quote
So as for current systems... Kiss them all goodbye and their masters.
2028.
They'll be gone, you're right.  Precisely.  I'll be 79 by then.  If I'm still alive.  If what I say happens actually does, I'd head for the mountains rather than die in a city.

I say it'll happen a lot sooner.

--Lee
"Truth comes from wisdom and wisdom comes from experience."
--Valdemar Valerian from the Matrix book series

I'm merely a theoretical electronics engineer/technician for now, since I have no extra money for experimentation, but I was a professional electronics/computer technician in the past.
As a result, I have a lot of ideas, but no hard test results to back them up---for now.  That could change if I get a job locally in the Bay Area of California.