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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

the_big_m_in_ok

Quote from: EOW on August 30, 2015, 05:45:26 AM
Me too and I see a civil war in France and UK maybe all around in Europe.
I agree.  In a related 'Web article...
http://www.theguardian.com/business/live/2015/sep/01/stock-markets-fall-weak-chinese-factory-data-business-live

       So, what you said in the rest of your post (snipped by me) is possible.   When people are starving they'll resort to whatever it takes to survive.   Depressions in America and Europe have shown that.
       My newest article above highlights the continuing financial problems worldwide.   This isn't over with a happy outcome, however one might look at the overall situation.    The Chinese have some very hard times ahead for them, along with the rest of the world, if they can't get their heavy-handed financial measures to finally do some good and mitigate the crisis they may have started awhile ago.

       No matter what is done, if anyone can get away from present difficulties, they may only be postponing the final collapse of their economy---as I may have implied all along.

       I said it before and repeat it now:  We're headed for a 1930's-style depression, beginning shortly, that will affect every last person in the money market style of financial culture, worldwide.     
      That's the best of it.   The worst might include bloodshed in city streets, worldwide, that also can involve whosoever lives in cities.

--Lee

p.s.
Just found by me on the 'Web:
       http://www.msn.com/en-us/money/markets/stocks-plunge-again-on-renewed-worries-about-china-fed/ar-AAdONjd?ocid=LENDHP
       This is getting out of anyone's hand to try and stop the decline!   If this goes on for a couple more weeks, the European/American economies will (figuratively go down the toilet...
"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.

gravityblock

Quote from: the_big_m_in_ok on September 01, 2015, 02:46:05 PM
       No matter what is done, if anyone can get away from present difficulties, they may only be postponing the final collapse of their economy---as I may have implied all along.


Yes,  both China and the U.S. has been propping up their markets.  It's just a matter of time before they can no longer be successful in doing this.  They're just allowing the bubble to get larger for a much bigger bang and collapse.


Gravock
Insanity is doing the same thing over and over again, and expecting a different result.

God will confuse the wise with the simplest things of this world.  He will catch the wise in their own craftiness.

SoManyWires

Quote from: gravityblock on September 02, 2015, 10:55:26 PM

Yes,  both China and the U.S. has been propping up their markets.  It's just a matter of time before they can no longer be successful in doing this.  They're just allowing the bubble to get larger for a much bigger bang and collapse.


Gravock

they can and will increase inflation, while asking tax payers to pay at greater amounts.

they can try to raise the retirement age, and they probably will.
they can try to create medical research breakthroughs that enhance a persons longevity, and they probably will.

besides, its not just for the active senior who wants to remain active, its mostly to help cover expenses from the
misdirected investment of some pension fund managers, and the reliance of those funds remaining intact, hopefully.

alot can contribute to creating debt.
and interest rates will do nothing to slow it down, other than to try and convince borrowers to avoid needing to.
when a debt gets to the point it creates its own orbit as it sort of has, thats when its time to stop wasting more of it.

the debt could be wiped clean using a percentage of the wealthiest of persons collective money.
it may not seem that is there intent to pay it off to cover the costs of what lead up to creating the debt,
though something was mentioned about a inheritance tax at a EU summit meeting.
if that were to be used upon only the most wealthy and left the middle and lower classes exempt,
the quality of life for everyone would go up.
though the highest of upper class does seem to appreciate its distinction more than its lesser present conscience.


ideally the poor would be given a better quality of life change the soonest, at least until things even out.
their desperation leads to alot of unneeded suffering directed towards the higher classes,
and even their closest neighbors.

that might even help them not to want to overpopulate (having 10 kids in hopes 2.5 will survive though trying to raise 10 kids could collapse their own basic needs supply inventory) in their own global regions as they try to ensure some lineage, that has been granted to them previously by religious and patriotic rights of passage.

what happens when technology gets to the point that human manual and some management labor is no longer required?
are we supposed to maintain a structure based on planned obsolsence?
does adaptability become written into design like the usb port?
does competition continue to aim to remain proprietary?
what a mountain of junk, some of it is recyclable.


the_big_m_in_ok

Quote from: SoManyWires on September 03, 2015, 02:24:41 AM
they can and will increase inflation, while asking tax payers to pay at greater amounts.

they can try to raise the retirement age, and they probably will.
they can try to create medical research breakthroughs that enhance a persons longevity, and they probably will.

besides, its not just for the active senior who wants to remain active, its mostly to help cover expenses from the
misdirected investment of some pension fund managers, and the reliance of those funds remaining intact, hopefully.

alot can contribute to creating debt.
and interest rates will do nothing to slow it down, other than to try and convince borrowers to avoid needing to.
when a debt gets to the point it creates its own orbit as it sort of has, thats when its time to stop wasting more of it.

the debt could be wiped clean using a percentage of the wealthiest of persons collective money.
it may not seem that is there intent to pay it off to cover the costs of what lead up to creating the debt,
though something was mentioned about a inheritance tax at a EU summit meeting.
if that were to be used upon only the most wealthy and left the middle and lower classes exempt,
the quality of life for everyone would go up.
though the highest of upper class does seem to appreciate its distinction more than its lesser present conscience.


ideally the poor would be given a better quality of life change the soonest, at least until things even out.
their desperation leads to alot of unneeded suffering directed towards the higher classes,
and even their closest neighbors.

that might even help them not to want to overpopulate (having 10 kids in hopes 2.5 will survive though trying to raise 10 kids could collapse their own basic needs supply inventory) in their own global regions as they try to ensure some lineage, that has been granted to them previously by religious and patriotic rights of passage.

what happens when technology gets to the point that human manual and some management labor is no longer required?
are we supposed to maintain a structure based on planned obsolsence?
does adaptability become written into design like the usb port?
does competition continue to aim to remain proprietary?
what a mountain of junk, some of it is recyclable.

I'm just going to post this as potential  reference material as well as look at the posted material above, later...

http://www.bloomberg.com/news/articles/2015-09-08/china-just-killed-the-world-s-biggest-stock-index-futures-market

Oh. BTW, something vague tells me that the Chinese are 'painting themselves into a corner' with their actions aas of late.

--Lee


--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.

triffid

A  new human species has been added to our family tree.Imagine what their world was like  two to three million years ago. http://www.theage.com.au/world/fossils-found-in-african-cave-are-new-species-of-human-kin-say-scientists-20150910-gjjzvj.html




The age of the fossils will be difficult to determine, Berger says, because they were not fused into rock, which can be dated, and they wanted to wait to do radiocarbon dating until they knew more about what they had. What he did say, with confidence, was that H. naledi "comes near or at the root of the genus Homo", in excess of 2.5 million years ago.