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Major Economic Collapse in July!
Posted: Tue Apr 12, 2011 8:55 pm
by CreepersWiener
Re: Major Economic Collapse in July!
Posted: Tue Apr 12, 2011 10:46 pm
by BigBallinStalin
Michael C. Ruppert (born 1951) is an American author, a former Los Angeles Police Department officer and conspiracy theorist.
____________________________________________________________________
I'm ready. Are you?
Re: Major Economic Collapse in July!
Posted: Tue Apr 12, 2011 11:08 pm
by Stegura
Strap on your tin foil helmets
Re: Major Economic Collapse in July!
Posted: Wed Apr 13, 2011 8:50 am
by jay_a2j
Take your entire savings and go buy as many Monolpoly games as you can! Soon, its money with be worth more than the dollar!
Re: Major Economic Collapse in July!
Posted: Wed Apr 13, 2011 8:52 am
by shieldgenerator7
jay_a2j wrote:Take your entire savings and go buy as many Monolpoly games as you can! Soon, its money with be worth more than the dollar!
so sad hopefully never true
Re: Major Economic Collapse in July!
Posted: Wed Apr 13, 2011 2:34 pm
by MeDeFe
I didn't bother watching the video, but I know the guy isn't alone in saying that Japan is in deep shit. The damaged nuclear plants alone will most likely cause damage that goes into the trillions. (People will have to be relocated from their homes permanently and compensated, Japanese exports and production are already suffering and it will only get worse.) Tepco will never be able to pay that and the most likely outcome is that the government steps in, takes over the company and foots the bill. This will of course mean that Japan's already sky-high national debt goes into the astronomical, the interest they'll have to pay will go the same way, forcing the government to massively cut spending on everything in an economy that's been sluggish for 2 decades now or default on its debt, possibly both. Either will hurt badly enough that an economic collapse is possible.
As the world's 3rd largest economy, Japan would pull many others with it if it falls.
I wouldn't put a date on any of it, but it's not that far out.
Re: Major Economic Collapse in July!
Posted: Wed Apr 13, 2011 2:41 pm
by shieldgenerator7
maybe the fall of Japan's economy (Lord willing it won't happen) will bring everyone one step closer to global currency. If we all had a global currency, Japan's disaster may not hurt as much... so how. Ah, man, I forgot the connection between the two. But somehow a global currency may be better fit to withstand such a disaster.
Re: Major Economic Collapse in July!
Posted: Wed Apr 13, 2011 3:21 pm
by MeDeFe
The way the Euro has stabilized the European Economic Community?
A global vehicle currency other than the US dollar is something I can get behind. A single global currency controlled by a central bank... not so much, to put it mildly.
Re: Major Economic Collapse in July!
Posted: Wed Apr 13, 2011 6:10 pm
by BigBallinStalin
MeDeFe wrote:I didn't bother watching the video, but I know the guy isn't alone in saying that Japan is in deep shit. The damaged nuclear plants alone will most likely cause damage that goes into the trillions. (People will have to be relocated from their homes permanently and compensated, Japanese exports and production are already suffering and it will only get worse.) Tepco will never be able to pay that and the most likely outcome is that the government steps in, takes over the company and foots the bill. This will of course mean that Japan's already sky-high national debt goes into the astronomical, the interest they'll have to pay will go the same way, forcing the government to massively cut spending on everything in an economy that's been sluggish for 2 decades now or default on its debt, possibly both. Either will hurt badly enough that an economic collapse is possible.
As the world's 3rd largest economy, Japan would pull many others with it if it falls.
I wouldn't put a date on any of it, but it's not that far out.
Re: Major Economic Collapse in July!
Posted: Wed Apr 13, 2011 6:12 pm
by Army of GOD
What does the Russian dictator from the mid-20th century think is going to happen?
Re: Major Economic Collapse in July!
Posted: Wed Apr 13, 2011 6:33 pm
by Mr_Adams
Buy stock in July, if you think the economy will collapse. Global currency is is a HORRIBLE idea. You would be giving one central organization power over the world economy.
Re: Major Economic Collapse in July!
Posted: Wed Apr 13, 2011 6:38 pm
by Army of GOD
Mr_Adams wrote:Buy stock in July, if you think the economy will collapse. Global currency is is a HORRIBLE idea. You would be giving one central organization power over the world economy.
Buy it? Shouldn't you sell that shit short?
Re: Major Economic Collapse in July!
Posted: Wed Apr 13, 2011 6:41 pm
by BigBallinStalin
Army of GOD wrote:What does the Russian dictator from the mid-20th century think is going to happen?
I didn't bother watching the video, but I know the guy isn't alone in saying that Japan is in deep shit. The damaged nuclear plants alone will most likely cause damage that goes into the trillions. (People will have to be relocated from their homes permanently and compensated, Japanese exports and production are already suffering and it will only get worse.) Tepco will never be able to pay that and the most likely outcome is that the government steps in, takes over the company and foots the bill. This will of course mean that Japan's already sky-high national debt goes into the astronomical, the interest they'll have to pay will go the same way, forcing the government to massively cut spending on everything in an economy that's been sluggish for 2 decades now or default on its debt, possibly both. Either will hurt badly enough that an economic collapse is possible.
As the world's 3rd largest economy, Japan would pull many others with it if it falls.
I wouldn't put a date on any of it, but it's not that far out.
Re: Major Economic Collapse in July!
Posted: Wed Apr 13, 2011 6:43 pm
by Army of GOD
BigBallinStalin wrote:Army of GOD wrote:What does the Russian dictator from the mid-20th century think is going to happen?
I didn't bother watching the video, but I know the guy isn't alone in saying that Japan is in deep shit. The damaged nuclear plants alone will most likely cause damage that goes into the trillions. (People will have to be relocated from their homes permanently and compensated, Japanese exports and production are already suffering and it will only get worse.) Tepco will never be able to pay that and the most likely outcome is that the government steps in, takes over the company and foots the bill. This will of course mean that Japan's already sky-high national debt goes into the astronomical, the interest they'll have to pay will go the same way, forcing the government to massively cut spending on everything in an economy that's been sluggish for 2 decades now or default on its debt, possibly both. Either will hurt badly enough that an economic collapse is possible.
As the world's 3rd largest economy, Japan would pull many others with it if it falls.
I wouldn't put a date on any of it, but it's not that far out.
Re: Major Economic Collapse in July!
Posted: Wed Apr 13, 2011 7:34 pm
by Mr_Adams
Army of GOD wrote:Mr_Adams wrote:Buy stock in July, if you think the economy will collapse. Global currency is is a HORRIBLE idea. You would be giving one central organization power over the world economy.
Buy it? Shouldn't you sell that shit short?
Buy AFTER the crash, then sell it when the market recovers.
Re: Major Economic Collapse in July!
Posted: Wed Apr 13, 2011 11:59 pm
by BigBallinStalin
Mr_Adams wrote:Army of GOD wrote:Mr_Adams wrote:Buy stock in July, if you think the economy will collapse. Global currency is is a HORRIBLE idea. You would be giving one central organization power over the world economy.
Buy it? Shouldn't you sell that shit short?
Buy AFTER the crash, then sell it when the market recovers.
OH, SNAP! It's that EASY!
Re: Major Economic Collapse in July!
Posted: Thu Apr 14, 2011 12:05 am
by Army of GOD
Mr_Adams wrote:Army of GOD wrote:Mr_Adams wrote:Buy stock in July, if you think the economy will collapse. Global currency is is a HORRIBLE idea. You would be giving one central organization power over the world economy.
Buy it? Shouldn't you sell that shit short?
Buy AFTER the crash, then sell it when the market recovers.
Not buy it afterwords. Sell it short.
Re: Major Economic Collapse in July!
Posted: Thu Apr 14, 2011 12:55 am
by Mr_Adams
Army of GOD wrote:Mr_Adams wrote:Army of GOD wrote:Mr_Adams wrote:Buy stock in July, if you think the economy will collapse. Global currency is is a HORRIBLE idea. You would be giving one central organization power over the world economy.
Buy it? Shouldn't you sell that shit short?
Buy AFTER the crash, then sell it when the market recovers.
Not buy it afterwords. Sell it short.
Won't work. there won't be capital to return on the short sale at that time.
Re: Major Economic Collapse in July!
Posted: Thu Apr 14, 2011 1:45 am
by john9blue
at the beginning of the video, the guy said "it's friday"
i was like "lol"
Re: Major Economic Collapse in July!
Posted: Thu Apr 14, 2011 4:31 am
by CreepersWiener
john9blue wrote:at the beginning of the video, the guy said "it's friday"
i was like "lol"
That's amazing! He was so totally right on that prediction!