Gumby
Active member
Hyper-inflation and disposable dollars. Dollars will be cheaper than toilet paper.
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mojo's Account Talk
- Thread starter mojo
- Start date
Hyper-inflation and disposable dollars. Dollars will be cheaper than toilet paper.
i hope they make two-ply...
Hyper inflation, dollar collapse, unemployment, nwo etc...
A past poolman video
http://www.youtube.com/watch?v=J9Na...w.tsptalk.com/mb/showthread.php?t=4077&page=8
Do your own dilligence. Don't believe anything that comes out of a politicians mouth. The only thing that counts going forward is effective action. Prepare for the worst so you and your family will be ok.
It's going to take awhile for people to realise how bad things are going to get. That is because the vast majority of Americans are still doing fine. There is no reason for them to look much further than their daily routine, work, family activities/care etc... It doesn't cost you much to prepare now for a bad situation, why not do it? If it doesn't happen all the better.
A past poolman video
http://www.youtube.com/watch?v=J9Na...w.tsptalk.com/mb/showthread.php?t=4077&page=8
Do your own dilligence. Don't believe anything that comes out of a politicians mouth. The only thing that counts going forward is effective action. Prepare for the worst so you and your family will be ok.
It's going to take awhile for people to realise how bad things are going to get. That is because the vast majority of Americans are still doing fine. There is no reason for them to look much further than their daily routine, work, family activities/care etc... It doesn't cost you much to prepare now for a bad situation, why not do it? If it doesn't happen all the better.
Last edited:
turbo23dog
Member
Prepare how?
I sort of mean this retoricallly. Realistically, how does one prepare for GDII? And I don't think buying guns and ammo counts as an answer either...
I sort of mean this retoricallly. Realistically, how does one prepare for GDII? And I don't think buying guns and ammo counts as an answer either...
CountryBoy
Well-known member
Well folks like me, who had retirement plans in 4 years, will probably have to add a couple of years to that, just to put away more cash for retiremement. If you've got more than 10 years, you may retirement may rebound, but so much depends on how BHO screws up the economy.
CB
Boghie
Well-known member
Revolving debt will absolutely kill you in Great Depression II.
By the way, I'm not real possitive on what is happening. As the FED would say, I'm just changing my slant going forward (uuugggghhh, I know that is not the word Greenspan used, uuuugggghhhh) to look for opportunity rather than safety. I don't want to be 87% out of the equities market when the recovery starts. Also, don't want to be 70% in the market when my meager mind thinks a recovery is about to start. Ahem...
And, I might or might not be wrong on consumer debt. Apparently, we Americans found a way to increase both spending and savings. I think I need a high end econ class or something. This is odd, very odd.
How you would prepare would be based on how bad you think things will get. Would you have wanted to live in the Superdome during Katrina? Would you have wanted to be unarmed during the LA riots?
When the Great Depression happened most Americans still went to church, had a strong set of moral values not the sliding scale version, were much much more self sufficient than todays American, etc.. There was much more of a sense of community than we have now. Neighbors all knew each other for years. Nothing like the transient society today. People accepted responsibilty for their own well being and survival.
If you think things will be fine and everything is going to turn around and not get much worse then do nothing. If you think things are going to get much worse you can easily find the info needed for storing basic neccesities for the period of time your comfortable with.
When the Great Depression happened most Americans still went to church, had a strong set of moral values not the sliding scale version, were much much more self sufficient than todays American, etc.. There was much more of a sense of community than we have now. Neighbors all knew each other for years. Nothing like the transient society today. People accepted responsibilty for their own well being and survival.
If you think things will be fine and everything is going to turn around and not get much worse then do nothing. If you think things are going to get much worse you can easily find the info needed for storing basic neccesities for the period of time your comfortable with.
malyla
Active member
WTF does this mean?What kind of unwelcome aftereffects?
What is Debt Monetization? When is it Automatic? Is it a Risk?
http://economistsview.typepad.com/economistsview/2005/09/what_is_debt_mo.html
"3. In the end, what happens? It’s just as above, the entire deficit is financed by printing money and the debt issued by the Treasury ends up in the hands of the Fed."
The Biggest Game in Town
[SIZE=+0]
"GROSS" INCOME of government is now 1/3rd "TAX" income and 2/3rds NON-TAX income derived from: return on INVESTMENTS and money generated from government Enterprise projects.[/SIZE]
[SIZE=+0]
Any Company or in fact Country can be "made" or "broken" through the use of those government investment funds. China and India in 2007 restricted new US "Government" investments, now several trillion dollars strong in China and India so that US Government investments would not further increase control (take-over) in their own markets. China and India learned by seeing what happened to Mexico then Russia when the US Government investment machine came rolling on in.
[/SIZE]
If US Government cashed in their International investment chips (held outside of the dollar), in conversion back to the dollar, the dollar would shoot through the roof
http://www.youtube.com/watch?v=W2k_i17-dig
http://www.cafr1.com/
[SIZE=+0]
[SIZE=+0]
Any Company or in fact Country can be "made" or "broken" through the use of those government investment funds. China and India in 2007 restricted new US "Government" investments, now several trillion dollars strong in China and India so that US Government investments would not further increase control (take-over) in their own markets. China and India learned by seeing what happened to Mexico then Russia when the US Government investment machine came rolling on in.
[/SIZE]
If US Government cashed in their International investment chips (held outside of the dollar), in conversion back to the dollar, the dollar would shoot through the roof
http://www.youtube.com/watch?v=W2k_i17-dig
http://www.cafr1.com/
350zCommTech
Well-known member
GE's Jeff Immelt Trys To Instill Confidence With 50K Share Purchase Mar 2, 2009 01:19PM
With shares of General Electric (NYSE: GE) in free-fall today, despite Friday's 68% dividend cut, CEO Jeffrey Immelt is trying to instill some confidence with an open market purchase of the stock.
A filing just released showed Mr. Immelt bought 50,000 shares today at $8.26, bringing his stake to 1,748,516 shares.
GE's GE Capital unit continues to be the problem, and fears today have the credit default swap traders demanding upfront payments on the contracts.
Shares of GE are down 52% year-to-date.
http://www.streetinsider.com/Insiders+Blog/U.S.+To+Backstop+AIGs+
With shares of General Electric (NYSE: GE) in free-fall today, despite Friday's 68% dividend cut, CEO Jeffrey Immelt is trying to instill some confidence with an open market purchase of the stock.
A filing just released showed Mr. Immelt bought 50,000 shares today at $8.26, bringing his stake to 1,748,516 shares.
GE's GE Capital unit continues to be the problem, and fears today have the credit default swap traders demanding upfront payments on the contracts.
Shares of GE are down 52% year-to-date.
http://www.streetinsider.com/Insiders+Blog/U.S.+To+Backstop+AIGs+
AIG’s losses show swaps next domino
Bank's losses, already exceeding $100 billion since the beginning of the credit crunch, are likely to grow much larger if the problems starting to show up in credit default swaps spread.
http://www.financialweek.com/apps/pbcs.dll/article?AID=/20080218/REG/794188688
Bank's losses, already exceeding $100 billion since the beginning of the credit crunch, are likely to grow much larger if the problems starting to show up in credit default swaps spread.
http://www.financialweek.com/apps/pbcs.dll/article?AID=/20080218/REG/794188688
2nd UPDATE: US Treasury To Provide AIG Up To Additional $30 Billion
http://money.cnn.com/news/newsfeeds/articles/djf500/200903020825DOWJONESDJONLINE000302_FORTUNE5.htm
http://money.cnn.com/news/newsfeeds/articles/djf500/200903020825DOWJONESDJONLINE000302_FORTUNE5.htm
Hold or fail?
