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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 6 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 thought the following website might be useful to someone trying to go solar but want to buy their panels assembled already.http://sunelec.com/


the_big_m_in_ok

quote author=the_big_m_in_ok said:
Quote
If Katla Volcano, near the one above(12 miles), also erupts, that'll be about 10 times the ash in the air.  No jet/turboprop flights for up to a year or two?

None of the world's financial/political/industrial economies can stand that.  There will probably be a collapse if this eruption continues.
I just don't know when, though.
Not ever the scientists know, either.
Well, neither I nor the scientists knew, did we?  Katla should be erupting now, but looks like it won't, after all. 

The world lucked out on that one, but there's something else that probably won't go away:

http://www.guardian.co.uk/business/2010/apr/27/greece-credit-rating-downgraded

Also,

http://news.yahoo.com/s/ap/20100428/ap_on_bi_ge/eu_greece_financial_crisis

REEDIT:
Just off the wires:

http://news.yahoo.com/s/ap/20100428/ap_on_bi_ge/eu_europe_financial_crisis
(This is getting worse and worse!)

This problem won't go away until the affected eurozone gov'ts cut spending and stop borrowing.  All they're doing is putting off the inevitable collapse.  And, if they cut services, there'll be social unrest in Greece, for sure, and possibly Portugal and Spain as well.  That could drag down other eurozone countries and us after that.

What to do?

For my part, I'm buying more cans of food this month and plastic containers of water to store in my apartment.  I can still eat and drink something if the power goes out.

After that, if it happens, I'll I can do is wait.

--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.

jadaro2600

Quote from: the_big_m_in_ok on April 28, 2010, 11:34:05 AM


REEDIT:
Just off the wires:

http://news.yahoo.com/s/ap/20100428/ap_on_bi_ge/eu_europe_financial_crisis
(This is getting worse and worse!)

This problem won't go away until the affected eurozone gov'ts cut spending and stop borrowing.  All they're doing is putting off the inevitable collapse.  And, if they cut services, there'll be social unrest in Greece, for sure, and possibly Portugal and Spain as well.  That could drag down other eurozone countries and us after that.

What to do?

For my part, I'm buying more cans of food this month and plastic containers of water to store in my apartment.  I can still eat and drink something if the power goes out.

After that, if it happens, I'll I can do is wait.

--Lee

And just WHO are all these countries borrowing from? ,,if it's not the US, then who is the Lender?

the_big_m_in_ok

Quote from: jadaro2600 on May 01, 2010, 04:43:08 PM
And just WHO are all these countries borrowing from? ,,if it's not the US, then who is the Lender?
Germany and/or the European Central Bank, for two:
http://www.guardian.co.uk/commentisfree/2010/apr/14/greek-crisis-germany-financial-markets

And this:
http://baselinescenario.com/2010/03/01/an-underfunded-program-for-greece/

This one says there's more than one source of Greece's problems:
http://news.bbc.co.uk/2/hi/business/8508136.stm

The problem has been avoided for so long, that digging themselves out of the deep pit they're in will possibly take a miracle to pass for the Greeks.

--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.