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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 7 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

Hey triffid, and all other readers...       Take a look at this:
https://www.nytimes.com/2018/06/28/business/china-stock-market-economy-currency.html

People are actually starving in San Francisco if they have no income.   I've seen it happen.        If these people are drinking or smoking up their paycheck, "that's on them."   They made a
poor decision, IMHO.   They're responsible fr their actions.
       However, more and more lower income people and families are going to be caught up in
a downward spiral of poverty, and their outlook will be survival very grim.
       All I can do is wait for something to happen to shake the country out of this recession
that's happening right now.       I just don't know what it would take to do that, is all.

--Lee
p.s.Latest on the 'Web, I just found...

https://www.businessinsider.com.au/china-financial-panic-nifd-stocks-yuan-bonds-defaults-trade-tariff-2018-6

"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

triffid,...and all others...
Well, it's been awhile, guys.   Whatever I wrote on my last post should still hold true.       Also, this was on the news today:
https://www.businessinsider.com/debt-contagion-in-argentina-and-turkey-is-spreading-to-other-countries-2018-6/

       I've marvelled to my mind, in the past, things are STILL going on instead of a 1929-style crash that caused the Great Depression. 
The 'Web address above is typical of what's been going on for several weeks, in general.
       Several Members of this Forum have expressed disappointment in my apperent lack of accuracy in when the ecomomy was actually going to collapse, as I predicted.       I still maintain:
       Money managers around the world are expert in manipulating the Markets to keep them going as long as possible.   Human free will is what I think it takes to succeed in these cutthroat economic times.   I also still think it can't go on forever.       Conservative living should be the way to go in  the future.

--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.

SeaMonkey

I believe you're quite right about this Lee.

The World is taking notice of how reckless
the U.S. has become in protecting its effective
monopoly of 'reserve currency' with its sanction
mania.  Who can really trust the U.S. any more to
be a reliable party to any agreement?  The blow
-back could be enormous.  The dying empire has
really gone bananas.

SeaMonkey

Although, who knows why or what the outcome will be.

There may be light at the end of the tunnel.

Belfior

There is always an economic disaster or war on the way. That is how money is made. The debt and interest system requires that someone loses everything once in a while. There is a large effort in the US to get everybody under surveilance and to get guns from citizens. I wonder why...