i just had a thought...

[[KMA]Avenger]

whats going to happen to the global and our national economies when all the Bailout and TARP funds start to actually trickle into the global economy?

i've heard some very respected economists say that globally, 50 Trillion has been given to the banks but that money hasn't actually found its way into our pockets...yet...


Zimbabwe anyone???

[Mister Sandman]

look at past trends.....


a pick up in economy, then another crash

eg. 1930s or early 1940s

[GunZ]

look at past trends.....


a pick up in economy, then another crash

eg. 1930s or early 1940s

Yup, run away inflation.'Too many $'s chasing too few goods'' = demand pull = inflation.

[Juliette]

Time to go into politics with radical ideas, and round up all those who will have nothing left in 5 years.
*plans ahead*

[Legendary Apophis]

I just hope it's not going to turn same as 1930s. (well there are already some similarities anachronisms aside)
There was WAY too much scums in head of countries. (and if anyone says same as now, I would ask them kindly to open an history book about 30s politics and to come again).

[agapooka]

PREHISTORIC, adj. Belonging to an early period and a museum. Antedating the art and practice of perpetuating falsehood.

[[KMA]Avenger]

in my humble opinion, there is a global financial catastrophe on the horizon. just recently, China said they wont take any more Dollars and gold is going through the roof.

i'm not trying to scaremonger or anything BUT, this is NOT good at all!

the Autumn ("The Fall" for the yanks among us ) will give us a good picture of what is to come.

[Juliette]

I prefer Götterdammerung, but it's all the same.
We die, we die.. we live, we live.

[[KMA]Avenger]

Götterdammerung — "twilight of the Gods in" English

[Juliette]

Götterdammerung — "twilight of the Gods in" English

Exactly. Brilliant word.

[[KMA]Avenger]

never heard of it before but i'd have to agree, brilliant word


anyways, i've also just heard that China and Saudi Arabia are demanding their Gold reserves (which the bank of England is holding) be returned to them.

http://www.marketwatch.com/story/hong-k ... 2009-09-03

as far as i can tell, China is more or less telling the western banksters and banking community that they (the Chinese) are on to their game and the jig is up.

there are also reports (which i have been unable to independently verify) that executive orders have been signed that will give the banks permission to seize safety deposit boxes...its HIGHLY possible that a bank holiday is on its way. if it does happen, expect to see many banks close their doors and never reopen them again.



btw, China is also buying up HUGE amounts of natural resources all over the planet. by the look of things...when the dust from the looming banking disaster finally settles, China will be the worlds new economic super power.

[GhostyGoo]

whats going to happen to the global and our national economies when all the Bailout and TARP funds start to actually trickle into the global economy?

i've heard some very respected economists say that globally, 50 Trillion has been given to the banks but that money hasn't actually found its way into our pockets...yet...


Zimbabwe anyone???

Today sees the release of Michael "Stupid White Men" Moore's new documentary "Capitalism, A Love Story?". Perhaps, as he has done previously, he'll cure a few more Stupid White Men and Socialist values will cease to be swallowed by the Capitalist debt, both in monetary collateral and social collateral.

I have never had a bank account and i pay my taxes. My taxes are being swallowed up to bail out the financial sector. The financial sector is issuing people with credit agreements with no recourse to fundamental Contract Law (where consideration has to be offered by both parties of the agreement) and so - how can i care if someone suffers credit card fraud? All money is theft. Surely? It's being stolen from me to be given to people who "need credit", where do i benefit? I've even lost my job because i don't have a bank account yet i find TAXES are STILL taken from me! yes, how many of you know that benefit payments are taxed?

I know i've derailed the topic slightly but it's an important point and the film definitely needs plugging!

-Goo™