financial collapse

[petros]

Back in the early thirties they said the 1929 disaster was about over and it wasn't
In fact it bounced right back until 1933 then the bloody bottom fell out and took
everyone by surprise. It is coming again with a furry much more severe than the
last big one. In the Dirty Thirties only about 25% of people were directly impacted.
This time some say it could be 60 to 80% and I don't doubt it a bit. I have been
watching this thing come off the rails since early 2007 and nothing tells me its over
at all. Look at the recent round of inflation in the economy we have right now.
Something like Europe joining America in a tail spin and China is about to see its
happy little bubble burst as well.

China can turn to it's self to be it's own best customer now that we've built all their factories and they copied all our tech. We won't be able to afford Chinese goods anymore so they'll makes us build their **** instead with our raw materials and supply the 1RMB Stores.

Maybe I'll learn to stuff fish and make dried stuffed coy fish mobiles in a greenhouse next to the refinery using spent waste heat?

 

[ironsides]

Back in the early thirties they said the 1929 disaster was about over and it wasn't
In fact it bounced right back until 1933 then the bloody bottom fell out and took
everyone by surprise. It is coming again with a furry much more severe than the
last big one. In the Dirty Thirties only about 25% of people were directly impacted.
This time some say it could be 60 to 80% and I don't doubt it a bit. I have been
watching this thing come off the rails since early 2007 and nothing tells me its over
at all. Look at the recent round of inflation in the economy we have right now.
Something like Europe joining America in a tail spin and China is about to see its
happy little bubble burst as well.

There very well just be a world recession/depression looming over the hill, but this raise the debt limit is just Boehner and Obama head butting like two bull elks. I don't think we are in inflation, I think it is more like deflation.

China can turn to it's self to be it's own best customer now that we've built all their factories and they copied all our tech. We won't be able to afford Chinese goods anymore so they'll makes us build their **** instead with our raw materials and supply the 1RMB Stores.

Maybe I'll learn to stuff fish and make dried stuffed coy fish mobiles in a greenhouse next to the refinery using spent waste heat?

We still will have oranges and ruby grapefruits here in Florida. :smile:

 

[bluebyrd35]

Why is the planet so deep in debt? Next time I think we should borrow from Venus or Uranus. The World Bank isn't a benefit.

Oh that is what rankles me most. We are breeding ourselves out of food, fuel and land. We are committing global suicide. Because of these shortages, world wide, prices keep rising and that in turn makes every country poorer. Running a country should be like running an extra large household. Dickens had it right. Earn (these days) 5,000 a month and spending 4999, makes a happy household. Making 5000 a month and spending 5001 brings indebtedness and unhappiness.

However, between over-population and the incompetence of our politicians, unhappiness doesn't begin to cover the consequences.

 

[petros]

We still will have oranges and ruby grapefruits here in Florida. :smile:

And finally a decent madarin orange.

Oh that is what rankles me most. We are breeding ourselves out of food, fuel and land. We are committing global suicide. Because of these shortages, world wide, prices keep rising and that in turn makes every country poorer. Running a country should be like running an extra large household. Dickens had it right. Earn (these days) 5,000 a month and spending 4999, makes a happy household. Making 5000 a month and spending 5001 brings indebtedness and unhappiness.

However, between over-population and the incompetence of our politicians, unhappiness doesn't begin to cover the consequences.

There are no shortages of anything we need to live the way we do or many want to. Just shortages of money.

 

[Colpy]

Lessons from the Great, White, Socialist North

 

[Ocean Breeze]

And finally a decent madarin orange.


There are no shortages of anything we need to live the way we do or many want to. Just shortages of money.

yep. that shortage of money could be a tough one..:-( Major inconvenience at the very least.....

 

[petros]

Lessons from the Great, White, Socialist North

I'm glad Harper picked up (and spent even more) right where Chretien and Martin left off.....Already well underway projects and initiatives were simply renamed Stimulus and here we are today as Progressive as ever Comrade.

 

[Colpy]

I'm glad Harper picked up (and spent even more) right where Chretien and Martin left off.....Already well underway projects and initiatives were simply renamed Stimulus and here we are today as Progressive as ever Comrade.

yep, them CPC boys ain't real good with an axe.........

 

[Nuggler]

Ocean Breeze, you appear to be a very convincing bloke.

Please be the first pioneer to Pluto and I am sure lot of people will follow you.

Since time is of the essence, the sooner the better.

Jack, yer a riot!!

I keep saying that because it's true. You seem to be the last troll standing, and definitely a riot.

 

[petros]

yep, them CPC boys ain't real good with an axe.........

They can't swing anything on those projects without Obama,Calderon, Hu and Wen having a hands on their axes too.

 

[bluebyrd35]

Wait a minute here, too many seniors that will overwhelm the system? Give ones head
a shake. The seniors paid for the service during their working lives and I am now one of
them. The problem is Quebec was the only Province to take its share of the money and
actually invest it wisely to ensure the problems coming to the fore didn't happen there.
The rest of Canada wasted their portion on giving tax breaks to companies and the wealthy
and then using their share of the money for infrastructure (like roads and sewers) instead
of investing in the future of the programs. The time has come to pay up and the money is
gone. It is time that everyone started paying their share of the freight to run this country
and that means the rich boys who claim their is no free lunch and them demand tax hand
outs for a trickle down economy.
For those who think we are way better off than our Southern cousins, think again we are
on the doorstep of some very tough times and there will be a lot of economic pain for us
all to share. Harper saved us, ya right, wait until you see the international mess heading
for us all.

Sorry I missed this. Yes, seniors have paid their dues, but that is not the problem. As usual it is government short-sightedness. Our population, dropped during the war years and grew spectacularly, at the end of it by 20% to 25%

It is the huge bulge of baby boomers moving through the retirement stage that will once more force monumental changes. The baby boomers have changed (mostly for the better)Canadian & American life, when they as they passed through the different stages. ] By the sheer force of its numbers, the boomers were a demographic bulge which remodeled society as it passed through it. It is about to do the same as they move into retirement.

Neither the US nor Canadian governments have taken measures to accommodate the coming changes, inspite of knowing the history of what happens when this bulge passes through. As usual, it will be forced on them.

Baby Boomers control over 80% of personal financial assets and more than 50% of discretionary spending power., July 2011, in the US & Canada. That is a lot of power, not in the hands of the government yet.

 

[Ocean Breeze]

-- Asians markets plunge following the worst day on Wall Street since the 2008 financial crisis.


source: CNN breaking news.

 

[petros]

Asian markets follow Wall Street plunge - CNN.com

 

[JLM]

-- Asians markets plunge following the worst day on Wall Street since the 2008 financial crisis.


source: CNN breaking news.

And tomorrow will just about as likely be the best day since the 2008 plunge! :lol:

 

[Kreskin]

I see we're closing the wealth gap. Some of you are coming down to my level. I'll meet you all on East Hastings. We'll have a CC meetup at the Balmoral.

 

[JLM]

I see we're closing the wealth gap. Some of you are coming down to my level. I'll meet you all on East Hastings. We'll have a CC meetup at the Balmoral.

I doubt it, the wealthy (and smart) ones will start buying now.

 

[Kreskin]

I doubt it, the wealthy (and smart) ones will start buying now.

I want them to sell it all and buy beer.

 

[dumpthemonarchy]

Stock markets plunge and it's the end of the world. In the 1970s the the stock markets didn't do that well and life was pretty good for most people. There was much less of a wealth gap than there is now.

 

[Ocean Breeze]

I want them to sell it all and buy beer.

You wouldn't to just happen to own a brewery by any chance???;-)

 

[coldstream]

Lessons from the Great, White, Socialist North

It's not socialism that has destroyed the Canadian economy.. and have no doubt that it is in a death spiral. Williamson doesn't even know what socialism is, and is under the illusion that we have sidestepped the catastrophe now descending on Europe and U.S..

What has destroyed the Canadian economy is the collapse of economic nationalism.. through the cult of Free Trade, Monetarism and Free Markets.. that has destroyed the integrated industrial economy.. and we have had nothing but bunglers and fools in government for 30 years atleast (Mulroney, Chretien, Harper).. who have no idea how economies really work... or what we are headed for.