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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 4 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

Big Lee the vocaloids were in LA last summer in july!  http://www.youtube.com/watch?v=XU7X7p-s804&feature=related

Chess,I agree with you on Ron Paul.I think there is another good man like him :Senator Bernie Sanders of the great state of Vermont.
on Dec 10,2010 he took the floor of the Senate and begin an historic filibuster on corporate greed and the decline of our middle class.It lasted eight and a half hours.He  hit a nerve.Millions followed his speech online until it crashed the senates server.It was a plea for a fundamental change in national priories,for government policy that reflects the needs of working families, and not just the wealthy and their lobbyists.The middle class is too large to fail and no one in congress seems to be listening to the average John Q Public.triffid

triffid

Its scary when coporations are encouraged to take the jobs overseas to lands where people work for pennies per hour.Then bring those products back over here to sell at their regular price.Its scary when the wealthy no longer want to invest in America.Instead they seek secrecy,no regulations and no taxes.I think we need a money reform.A money that no one small group of men can stack in a pile and leave everyone else without a medium of exchange.I did present a link to something called digital-coin.I know its a one currency system but so are gold coins? triffid


http://www.digitalcoin.info/
These "Digital Coins" can be transferred instantly anywhere in the networked world.
This can be done anonymously, without accounting and without any third party involvement,
analogous to handing someone a gold coin. You have it. Now they have it.
No bookkeeping is required unless desired.

triffid

Take the printing of money out of the hands of governments and private corporations and put it in the hands of the people( self-issued credit). triffid

triffid

When digital money is used no trees are chopped down to make paper money.triffid

Magluvin

This one was at the intel hub but was taken down soon after.
http://theintelhub.com/2011/11/06/glenn-beck-an-event-in-the-next-15-days-will-lead-to-a-new-world-order/

The intel hub article said Glenn stated he got info from a top official(woman) that something major will be happening within 15 days.

On the 9th Nov than asteroid is passing by. So Nasa says.
Then why this...

http://theintelhub.com/2011/11/04/potential-impact-zone-of-2005-yu55-on-november-9th-defined-on-google-earth-and-government-documents/

And this....

http://theintelhub.com/2011/11/06/pacwav11-tsunami-drill-real-events-during-exercise-play-to-occur/

this one is still up as of now...
http://www.rightpundits.com/?p=7626

I copied the text from the above link in case it goes byby also.......

Mags

Friday, November 5th, 2010 at 3:36 pm

Glenn Beck â€" 15 Days of Economic Collapse
By Andrew Zarowny

If you wanted to see the 12 Days of Christmas, then watching the ‘Glenn Beck Show’ on Fox News Channel was not the place to be today. Instead, Glenn Beck laid out a scenario on how the global economy could collapse in a mere 15 days. His guests were authors Damon Vickers (“The Day The Dollar Crashes”) and Brad Thor (“The Athena Project”). Beck emphasizes that he’s not doing this to create fear and panic, but to make people aware of potential problems to be avoided, or, at least prepared for.
Conservative radio and Fox News Channel television host Glenn Beck spoke to a crowd of thousands at the Sears Centre in Hoffman Estates, Illinois on September 20, 2010. Among them were the Chicago Tea Party Patriots, an organization who states its goal is educate the public and promote the principles of fiscal responsibility, constitutionally limited government and free markets. Other speakers included former House Majority Leader Dick Armey, conservative blogger Andrew Breitbart, Congressman Aaron Schock, and Tea Party leader Herman Cain. Kevin Chalfant, former lead singer for 1980s rock band Journey, performed his song All for One. Fame Pictures, Inc

Day 1 of Glenn Beck’s scenario begins with China announcing that they will no longer buy U.S. Treasury bonds. This is not such a far fetched idea, as they have certainly slowed their rate of bond purchases and have voiced public criticism of Ben Bernanke’s announcement this week of a second round of quantitative easing.

Day 2 and 3 focuses on Wall Street which gets ’spooked’ by China’s announcement. The volume of stock sales is ultra low as rumors of instability abound. By Day 5, the world begins to react. Markets in Asia drop 10%. The American and European markets also decline a like amount. The European Central Bank reacts quickly, raising interest rates to attract capital as investors seek a ‘flight to safety’.

Day 7 of Glenn Beck’s scenario has the U.S. stock markets closed while the Federal Reserve Board holds an emergency meeting. Needless to say the government is certainly participating in decisions during the next 48 hours. With some vague pledge of ‘a plan’, the markets reopen on Day 8. They may even rally a bit, gaining 500 points or so. On Day 9, things seem to be stable.

Day 10 and the U.S. Dollar loses 10-15% of it’s value! The Fed’s quantitative easing has pushed a sudden burst of inflation as global banks try to divest themselves of the reserves of dollars. How possible is this? Again, following Bernanke’s statements on Wednesday, financial leaders in China, South Korea and Thailand have already said this week that they will act together, in concert, to protect themselves from a devalued dollar.

Day 11, the Fed meets again. On Day 12, in Beck’s scenario, the Fed decides to follow the Euro Bank’s move of increasing interest rates. Far from securing stability and confidence, the sudden change in direction by the Fed has the opposite affect.

Day 13, Lucky 13 â€" GLOBAL MELTDOWN! All of the world’s market begin to crash as confidence in ‘The System’ goes out the window. It’s every man (and lady) for themselves! The value of all paper securities, be they mortgages, stocks bonds, currency, is questionable. The markets go into total free-fall, losing perhaps 20% or more in a single day.

On Day 14 of Glenn Beck’s scenario, the IMF (International Monetary Fund) and the G20 financial leaders meet. In a televised, joint announcement, they announce an emergency plan to restructure all ’sovereign debt’, the debt held by each nation. Perhaps even a new currency or basket of currencies for global trade to replace the U.S. dollar. The beginning of the New World Order.

On Day 15, the public begins to panic. In the past two weeks, the value of their currency has declined some 20% or more. The cost of food, oil, etc, has jumped. Bank runs are televised as people get whatever cash they can and buy whatever is available from the shelves of grocery stores. The entire nation is behaving as if a hurricane is approaching. ‘The System’ is utterly swamped.

Glenn Beck’s scenario for economic collapse is not all that far fetched. In polls taken earlier this year, more than 70% of Americans believe that things could get much worse. That another economic collapse could happen. As I wrote earlier today, a high-ranking finance official from China, Xia Bin, warned yesterday that the Federal Reserves plan for a second round of quantitative easing would not work and could lead to another collapse. Both of Glenn’s guests, authors Damon Vickers and Brad Thorn agree that the scenario is a very possible one. Beck said that during the course of researching his latest book, “BROKE”, some of the 30+ economists he talked with think that even 15 days may be optimistic. A sudden crash could happen in 3 days from an event such as China ending it’s purchase of U.S. bonds.
Banknotes from different countries at the main office of the Korea Exchange Bank are seen in this picture illustration taken in Seoul October 22, 2010. A global agreement to tackle economic imbalances and fend off the prospect of damaging currency devaluations looked set to evade finance officials at the G20 meeting in South Korea. REUTERS/Truth Leem (SOUTH KOREA - Tags: BUSINESS POLITICS)

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China and U.S. Quantitative Easing 2