Economic Alert: If You’re Not Worried Yet…You Should Be

[Taco]

An economic warning from Zerohedge.

Economic Alert: If You’re Not Worried Yet…You Should Be
http://www.zerohedge.com/news/economic- ... -should-be

[djfourmoney]

I don't disagree but this Liberty Movement nonsense has to stop, they can't even control their racist elements long enough to get into a position of power.

Obama won with only 41% of the White vote. What does that mean? Racism doesn't work anymore...

[gsjackson]

DJFM, I know that Michael Hudson (whom I know you pay attention to) would disagree with the analysis on this link. He is not concerned with government spending, but rather with the efforts of finance capital, both in the eurozone and here, to destroy the social contract through the imposition of austerity.

He sees the bigger picture over the last four decades of resources being drained out of the productive economy of goods and services, where they are taxed, into the financial sector, where lobbying has built up a firewall against taxation. The American economy, and Europe's, are going down the drain because 40 years ago the production of goods and services was 90 percent of the economy and financialization was 10 percent; now those percentages are reversed.

That's the main worry -- a consumer economy that has had all the purchasing power sucked out of it by the rentier class -- not government borrowing, which, at current interest rates, is historically not a particularly high percentage of GDP. And of course, we could always create our own money instead of borrowing it, once we decide to overthrow the bankster criminal class. Hudson is also in agreement on that.

[Simoun]

Taco, do you also read Karl Denninger? I think our financial news sources are similar, but I've stepped away from the ledge. I thought we were going to implode in 2009 and it's amazing how long the PTB have been able to prolong this. I still think we're going to blow up, but not for a few more years now.

[Taco]

Taco, do you also read Karl Denninger? I think our financial news sources are similar, but I've stepped away from the ledge. I thought we were going to implode in 2009 and it's amazing how long the PTB have been able to prolong this. I still think we're going to blow up, but not for a few more years now.

I've watched some of Karl Denninger's videos and I think he's a very credible source of information. I know more about the global economic collapse thats comimg than what I'm willing to say. Some of the info. I've come across is rather inflammatory and I don't like talking about it. Before the end of this year it will be very obvious the party is over.

2012 Economic Forecast With Karl Denninger
http://www.youtube.com/watch?v=Qj9yKJNwLHI

[Rock]

Taco, do you also read Karl Denninger? I think our financial news sources are similar, but I've stepped away from the ledge. I thought we were going to implode in 2009 and it's amazing how long the PTB have been able to prolong this. I still think we're going to blow up, but not for a few more years now.

I've watched some of Karl Denninger's videos and I think he's a very credible source of information. I know more about the global economic collapse thats comimg than what I'm willing to say. Some of the info. I've come across is rather inflammatory and I don't like talking about it. Before the end of this year it will be very obvious the party is over.

2012 Economic Forecast With Karl Denninger
http://www.youtube.com/watch?v=Qj9yKJNwLHI

Taco, you made the same prediction with high confidence early last year alluding to special sources. So what happened? Clearly, your sources got it wrong. So why do you continue to make such predictions when you really don't know (the facts prove that)?

Certain guys on this forum have been predicting the doomsday scenario was about to hit (ie in next couple months) since 2009. I still remember Dano warning us to stock-up on food, lol. If something is going to happen, it will happen when it happens. But don't pretend to know the ifs and whens just cus you watch a lot of Youtube vids. Please get real.

As for past disasters and certain gurus predicting them, understand, at any given time, there's a bunch of people who happen to be making that prediction. When a big crises hits, the ones who were calling for it just by coincidence are lauded as visionaries and heros.

[Taco]

Taco, do you also read Karl Denninger? I think our financial news sources are similar, but I've stepped away from the ledge. I thought we were going to implode in 2009 and it's amazing how long the PTB have been able to prolong this. I still think we're going to blow up, but not for a few more years now.

I've watched some of Karl Denninger's videos and I think he's a very credible source of information. I know more about the global economic collapse thats comimg than what I'm willing to say. Some of the info. I've come across is rather inflammatory and I don't like talking about it. Before the end of this year it will be very obvious the party is over.

2012 Economic Forecast With Karl Denninger
http://www.youtube.com/watch?v=Qj9yKJNwLHI

Taco, you made the same prediction with high confidence early last year alluding to special sources. So what happened? Clearly, your sources got it wrong. So why do you continue to make such predictions when you really don't know (the facts prove that)?

Certain guys on this forum have been predicting the doomsday scenario was about to hit (ie in next couple months) since 2009. I still remember Dano warning us to stock-up on food, lol. If something is going to happen, it will happen when it happens. But don't pretend to know the ifs and whens just cus you watch a lot of Youtube vids. Please get real.

As for past disasters and certain gurus predicting them, understand, at any given time, there's a bunch of people who happen to be making that prediction. When a big crises hits, the ones who were calling for it just by coincidence are lauded as visionaries and heros.

True, theres so much market manipulation thats its hard to say when an economic collapse will occur. The markets can be crashed or inflated at almost anytime. However, my beliefs are based on political/economic events with specific dates not youtube videos. In addition, I'm not trying to be a hero, I have nothing to gain by warning people. Watching the world economy crumble is not something I enjoy doing and in all honesty it stresses me out. When the economy is serious trouble at least I'm willing to acknowledge it unlike the sheeple around me.

People can lie about anything they want but the one thing they can't lie about is market charts because their an accurate record of whats happening. These charts speak for themselves.

Economic Charts
viewtopic.php?t=13660


It's not the strongest who survive, nor the most intelligent, but the ones most adaptable to change - Charles Darwin