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U.S. is goin To Experience Hell Of A Collapse


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#1    Big Bad Voodoo

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Posted 29 September 2013 - 08:05 PM

http://kingworldnews...A_Collapse.html

Barron:  “The Fed did not come through with tapering, so now there is this ridiculous speculation about a future tapering.  The reality is that there is a general consensus out there that the US economy is just not strong enough to take away the punch bowl.

So I think we will just see a continuation of the status quo for the time being.  In fact, I’m not even sure why that taper talk even happened.  It was always just propaganda from the Fed....

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#2    Sir Wearer of Hats

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Posted 29 September 2013 - 11:09 PM

I can see America being bailed out by the Mega-Corporations in exchange for (open) political power (I can see "Senator for Monsanto" being in the near future).
After all, Microsoft alone generates enough cash to pay off the debt in a few years.

I must not fear. Fear is the Mind-Killer. It is the little death that brings total obliteration. I will face my fear.
I will permit it to pass over me and to move through me. And when it is gone I will turn the inner eye to see it's path.
When the fear is gone, there will be nothing. Only I will remain.

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#3    Frank Merton

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Posted 29 September 2013 - 11:39 PM

The States is in no danger of collapse.  The worst that might happen is a serious downturn, and that only if Congress messes up royally (it is acting like it will, but this time of year that seems to be a habit; they will work some muddle out).


#4    and then

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Posted 30 September 2013 - 05:53 AM

View PostSir Wearer of Hats, on 29 September 2013 - 11:09 PM, said:

I can see America being bailed out by the Mega-Corporations in exchange for (open) political power (I can see "Senator for Monsanto" being in the near future).
After all, Microsoft alone generates enough cash to pay off the debt in a few years.
Sixteen TRILLION dollars?  No country on earth - hell... EVERY country on earth combined... could not retire such a debt in a hundred years.  At some point I foresee a haircut of biblical proportions coming.  No doubt the price will be a form of servitude - just not sure what form it will take.

  We've cast the world, we've set the stage,
  for what could be, the darkest age...
“This is like playing poker with a guy who cheated you twice before. You know who does that, a moron.

#5    Sir Wearer of Hats

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Posted 30 September 2013 - 06:13 AM

View Postand then, on 30 September 2013 - 05:53 AM, said:

Sixteen TRILLION dollars?  No country on earth - hell... EVERY country on earth combined... could not retire such a debt in a hundred years.  At some point I foresee a haircut of biblical proportions coming.  No doubt the price will be a form of servitude - just not sure what form it will take.
We're in the trillion range now are we?
Still think a group of Mega-Corporations could do it, they'd buy the debt and organise a "counts as" repayment scheme, think the "Monsanto Protection Act" expanded to include mandatory Apple products, a ban punishable by drone death of illegal downloading and Google sponsored messages from the Master in Chief.

I must not fear. Fear is the Mind-Killer. It is the little death that brings total obliteration. I will face my fear.
I will permit it to pass over me and to move through me. And when it is gone I will turn the inner eye to see it's path.
When the fear is gone, there will be nothing. Only I will remain.

You may think you're cool, but you'll never be as cool as Peter Capaldi with an electric guitar, on a tank, playing the Doctor Who theme.

#6    Farmer77

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Posted 30 September 2013 - 06:13 AM

View PostFrank Merton, on 29 September 2013 - 11:39 PM, said:

The States is in no danger of collapse.  The worst that might happen is a serious downturn, and that only if Congress messes up royally (it is acting like it will, but this time of year that seems to be a habit; they will work some muddle out).
th
I don't know about your confidence in the longevity of the US. If we get locked out of the middle east by Russia and Iran's beautifully executed political maneuvering the remaining OPEC nations will be free to sell oil in whichever currency benefits them most. If there is any truth to the petdrodollar theory at all (Milosovich, Hussein, Quadafi and Assad will probably say there is) the United States economy will collapse.

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#7    Farmer77

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Posted 30 September 2013 - 06:16 AM

View PostSir Wearer of Hats, on 30 September 2013 - 06:13 AM, said:

We're in the trillion range now are we?
Still think a group of Mega-Corporations could do it, they'd buy the debt and organise a "counts as" repayment scheme, think the "Monsanto Protection Act" expanded to include mandatory Apple products, a ban punishable by drone death of illegal downloading and Google sponsored messages from the Master in Chief.

Why would they put themselves out front like that? They already control the governments of the world without the liability of being exposed. themselves.

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#8    Yamato

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Posted 30 September 2013 - 06:28 AM

A collapse means lower prices for the poor, and a lot of rich b******* losing their jobs.

All the beautiful stories in the wake of this economic collapse won't be experienced.   The story about the poor single mom who could finally afford a home for herself and her three kids will never make the headline news.  We're going to hear that XYZ corporation plans to lay off 30,000 employees and ABC Co. just announced 50,000 employees mainly from its US offices will get cut.   If those are productive jobs, there won't be any production anymore and that means shrinkage, growth's worst enemy!    Wall St. is going to take a major dump, real estate is going to take another huge dump, the dollar won't even recover well relative to its past performance and it's going to be a long difficult slog through some deep and gloomy times for everyone.   God only knows what the price of health care is going to become.

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#9    Frank Merton

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Posted 30 September 2013 - 07:34 AM

View Postand then, on 30 September 2013 - 05:53 AM, said:

Sixteen TRILLION dollars?  No country on earth - hell... EVERY country on earth combined... could not retire such a debt in a hundred years.  At some point I foresee a haircut of biblical proportions coming.  No doubt the price will be a form of servitude - just not sure what form it will take.
It could be sixteen quadrillion dollars and it wouldn't do what you predict.  There are many ways to deal with it.  The best way would be to have good economic growth.  They can also devalue the dollar all sorts of ways to handle it.  Roughly the same they can generate inflation.  Finally, they could do selective defaults (all kinds of ways to camouflage a default).

If you are worried, just don't hold dollars and especially US treasuries.


#10    Frank Merton

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Posted 30 September 2013 - 07:37 AM

View PostFarmer77, on 30 September 2013 - 06:13 AM, said:

th
I don't know about your confidence in the longevity of the US. If we get locked out of the middle east by Russia and Iran's beautifully executed political maneuvering the remaining OPEC nations will be free to sell oil in whichever currency benefits them most. If there is any truth to the petdrodollar theory at all (Milosovich, Hussein, Quadafi and Assad will probably say there is) the United States economy will collapse.
Be rational and not so eager to see the US collapse.  The US does not buy hardly any Middle East oil.  It goes to Europe and Asia.  Besides , neither the Russians nor the Iranians would gain from that scenario.


#11    Sir Wearer of Hats

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Posted 30 September 2013 - 09:34 AM

View PostFarmer77, on 30 September 2013 - 06:16 AM, said:

Why would they put themselves out front like that? They already control the governments of the world without the liability of being exposed. themselves.
overtly influencing government in a day and age when they get busted more and more indulging in bribes.

I must not fear. Fear is the Mind-Killer. It is the little death that brings total obliteration. I will face my fear.
I will permit it to pass over me and to move through me. And when it is gone I will turn the inner eye to see it's path.
When the fear is gone, there will be nothing. Only I will remain.

You may think you're cool, but you'll never be as cool as Peter Capaldi with an electric guitar, on a tank, playing the Doctor Who theme.

#12    aztek

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Posted 30 September 2013 - 01:00 PM

well, usa is a megacorparation.

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#13    Varelse

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Posted 01 October 2013 - 02:22 AM

View PostFrank Merton, on 30 September 2013 - 07:37 AM, said:

Be rational and not so eager to see the US collapse.  The US does not buy hardly any Middle East oil.  It goes to Europe and Asia.  Besides , neither the Russians nor the Iranians would gain from that scenario.

I've always heard the rumor that all oil traded on OPEC is traded with US dollars, through big US banks and if that were to change they'd be in a shitstorm much like 2008. Can't say for sure.

But I do know Russia and Iran benefit from any scenario that weakens the US's financial or geopolitical power structure.

Pleased to meet you. Hope you guess my name.

#14    Frank Merton

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Posted 01 October 2013 - 02:46 AM

View PostMr. Smith, on 01 October 2013 - 02:22 AM, said:

I've always heard the rumor that all oil traded on OPEC is traded with US dollars, through big US banks and if that were to change they'd be in a shitstorm much like 2008. Can't say for sure.

But I do know Russia and Iran benefit from any scenario that weakens the US's financial or geopolitical power structure.
Well a shitstorm like 2008 is hardly a collapse.  It is more of a blip in the long term of things.

In the end all nations do better the better other nations, most importantly the big ones, are doing.  Mercantile notions are well discredited.  Individual leaders in these nations may have fantasies otherwise, but they would serve themselves and their people better if they grew up.

View Postaztek, on 30 September 2013 - 01:00 PM, said:

well, usa is a megacorparation.
I see you got a lot of endorsements on this one: what the hell do you mean?


#15    Farmer77

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Posted 01 October 2013 - 06:01 AM

View PostFrank Merton, on 30 September 2013 - 07:37 AM, said:

Be rational and not so eager to see the US collapse.  The US does not buy hardly any Middle East oil.  It goes to Europe and Asia.  Besides , neither the Russians nor the Iranians would gain from that scenario.

You're missing the point http://en.wikipedia....odollar_warfare its not about the US buying oil.

Of course the Russians and Iranians gain in that scenario. Why do you think they're involved in this whole Syria fiasco in the first place?

Edited by Farmer77, 01 October 2013 - 06:02 AM.

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