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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

Doctor No

You are all dead already. Oil at todays prices will be burnt out in 6-8y. But much before, prices jump sky high. Even if US brings peace;-) to Libya, it will take no more than 3-4y. And when not, this autumn will come out what really is situation with oil. It will be much worseer as in time of Big Crisis 80y. ago. It will be simply no future as i predicted over 20y. ago. And all laughed. And laugh again. Why they are right, not me? Cos we are living yet;-]

the_big_m_in_ok

Quote from: triffid on March 04, 2011, 02:18:08 AM
I like the idea of secret gardens and think I can extend the idea to secret mining of gold in the gold bearing states like alabama,indiana,michigan,and etc.I went thru a gold panning phase in my younger days and  know that gold is in the ground.
You have a point, where quartz-bearing rock is found, gold usually is found as well.  Since Colorado is in the rockies, the Arkansas River should have its headwaters in Colorado.  The Rockies are made of quartz bearing granite, for the most part.  But no gold in Arkansas to speak of that I know of.  It's flour gold, if it exists.  You need to sift through many tons of mud to get an ounce of gold.
Quote
Its all up and down the arkansas river.Which runs thru several states.I can see a time when people are panning gold to feed themselves.triffid
Yeah, as long as people consider it a meddium of exchange that's trusted as such.  As I said before, "You can't eat gold."

--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.

WilbyInebriated

There is no news. There's the truth of the signal. What I see. And, there's the puppet theater...
the Parliament jesters foist on the somnambulant public.  - Mr. Universe

the_big_m_in_ok

Lee said:
QuoteHere's how it can happen by this economist's research:

http://www.youtube.com/watch?v=GsagtKAjMC8
http://www.youtube.com/watch?v=67jom22FCc8&NR=1
http://www.youtube.com/watch?v=g-IzwZurkqM&NR=1

I was still looking at this one when time ran out on my borrowed computer:
http://www.youtube.com/watch?v=90lVRNCtlbY&NR=1

Will return later with comments.
REEDIT:
Here's someone else that says about the same thing:
http://www.cnbc.com/id/41887217
--Lee
Part 5 of this series; #6 will follow:
http://www.youtube.com/watch?v=HtViLQbI91E&NR=1

I know most of what this guy wants and is doing.  Will explain later.

--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: the_big_m_in_ok on March 05, 2011, 06:53:08 PM
Lee said:Part 5 of this series; #6 will follow:
People without money can quickly turn into angry mobs.  Here's how it can happen by this economist's research:

http://www.youtube.com/watch?v=GsagtKAjMC8
http://www.youtube.com/watch?v=67jom22FCc8&NR=1
http://www.youtube.com/watch?v=g-IzwZurkqM&NR=1
http://www.youtube.com/watch?v=90lVRNCtlbY&NR=1
http://www.youtube.com/watch?v=HtViLQbI91E&NR=1

I know most of what this guy wants and is doing.  Will explain later.
--Lee
Okay, since I didn't get to a computer today to upload anything, I'll do it now:

The first 3 video clips are essentially correct in predictions:  The Chinese can cut off out credit if they want and demand immediate payment, but that would crash the economy.  Uncle Sam printing more and more money will cause massive inflation as in pre-WWII and Eastern Europe.  That would do the same thing, eventually.

He's right.

Clip Four and Five begin to address the dire! situation that's coming by have the paying public buy his book and not tell anyone how to save themselves for free.

Own gold!?!?!?
(WilbyInebriated indicates that gold can be eaten(Reply #915, this thread), but would he manage to consume an ounce of flour gold for several months?  Will his liver and kidneys survive?  I don't think so!  I really hope if he can afford that much specially manufactured gold; and that he depends on it for food, a gun and ammo for self protection, medicine, animal traps and other necessities when the economy falls apart.  The world can do without him when he poisons himself.)

One of the hints the video author suggests---I believe---is buy a house for living in at all costs, as well as a very long term investment.  Wealthy people use this "investment" to corner future financial markets.  Houses bought at 10 cents on the dollar can do that, ordinarily.

"Ordinarily."

A possibly oncoming, potentially vicious civil war in Libya will wreck economies all over the world by their interconnected finances.  Oil is already climbing steadily.  People think this is fine? They don't already take public transportation?  They forgot the long lines of the past?

http://www.bloomberg.com/news/2011-03-04/record-gasoline-grips-europe-while-california-faces-4-a-gallon.html

Regardless of this guy's recommendations, he actually does suggest that you plan a getaway out of town to avoid civil insurrections that may be coming.  He can do what he wants, but when he's trying to sell everyone something for a profit, he's part of the problem.

--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.