Depression?

[ThinkAwake]

I'm hearing a lot more about depression now on the news and around these forums, but I've started to become a bit suspicious. While there is talk of depression I am starting to hear the words global economy more and more.. Could the bush administration be recklessly spending us into a depression on purpose to usher in the North American Union... the introduction of the Amero? I don't know much on the subject, so any insight would be appreciated.

 

[Paul10]

....

 

[UtahApocalypse]

I'm hearing a lot more about depression now on the news and around these forums, but I've started to become a bit suspicious. While there is talk of depression I am starting to hear the words global economy more and more.. Could the bush administration be recklessly spending us into a depression on purpose to usher in the North American Union... the introduction of the Amero? I don't know much on the subject, so any insight would be appreciated.

You catch on quick. I would bet my worthless dollars that they will offer the Amero as a new currency that will be strong to fix this mess.

 

[crazyfacedjenkins]

Chinese won't let their investment sink...

 

[damon04]

well.. in a word... yes?? maybe?? most likely?? perhaps not bush at the core, but your on the right track... I sure hope Ron Paul can save the republic...

 

[liberty_Forever]

ThinkAwake:

It's hard to know how much was on purpose and how much was unintentional. Regardless, A global recession is now certain.


The intentional destruction of the US Dollar would pave the way for the introduction of the Amero as well as the rapid acceleration of the NAU plans. The demise of the Dollar would be accomplished by a process of accellerating monetizations by the US Federal Reserve through interest rate cuts, the 'temporary' repurchase markets, and changes to bank reserve requirements. The Federal Reserve can easily destroy the US Dollar if they so choose. I believe this is what they will do.

The task we have to confront is upholding national sovereignity, political liberty, and the rule of law in our respective countries.

 

[exer51]

America is too proud to bow down like the Europeans did without a HUGE reason driving them to do it. An economic collapse is one way. Most people are so stupid they'll go for it instead of just fixing our system. It's up to smart folks like us to make sure such a thing doesn't happen, whether RP is in office or not. If enough people stand against it it can be stopped.

 

[micahnelson]

http://www.micahnelson.com/?p=148

This chart illustrates what Ron Paul was saying about the sinking Dollar and the price of oil.

I find it amazing that with all major events, military actions, and economic news- we find ourselves questioning if the government is complicit or incompetent. Wouldn't it be nice to even have the ability to reasonably assume they made informed decisions that failed?

Instead, we are left with vast government conspiracy or failure of vast government.

 

[TER]

Isn't this the same way the Fed conglomerated all the banks in the 1930's?

"There's nothing new under the sun."

 

[MoneyWhereMyMouthIs2]

I'm hearing a lot more about depression now on the news and around these forums, but I've started to become a bit suspicious.

I think it's getting to the point where a coming depression (or significant recession) isn't really deniable any longer. The current administration definitely has an incentive to deny it until the elections are over, but people are smart enough to know when they can't find a job.

 

[KewlRonduderules]

THe problem is that the United States has been the sole superpower for over 30 years. People like to suggest that the Soviets were a superpower too. No, nonsense. They never had to prestige, influence, and control the US had all over the world. What's happening is that the FRN's have been the petrocurrency for the world for over 30 years too. Hense, this gave us much better standard of living than most around the world and lower interest rates because there was a high world demand for FRN's. However, since 2000 more countries are challenging the US petrodollar hegemony (starting with Sadam Hussein who changed from petro dollars to petroeuros) . This is devastating news for the US economy because there is less value to the dollar and increasing more countries are diversifying their reserves especially with the Euro and Yen which puts even further pressure on the dollar.

Printing dollars out of thin air actually has been going on for quite a while even longer when we abandoned the gold standard. Nixon feared that we would run out of gold because every country was exchanging their gold backed reserves notes for REAL gold during the oil crisis of the early 1970's. Hence, he abandoned the gold reserve requirement and replaced it with "black gold" requirement via the Saudis.

Now the reason we are closer and closer to a depression is because simply that- the all mighty dollar is not so mighty anymore. Everybody else has caught up to us. But the US is trying to maintain its power through force- the wars in Iraq and Afghanistan. This is even more devastating because there are always high risks with wars and investors are less likely to back the currency associated with countries involved. Hence the reason many other countries are moving to the Euro.

If the dollar had more value to the world economy, we would not see the twin deficits we have now because we could buy more with less. So in reality that is one reason we have outlandish debts. The other has to do with wasteful spending and thinking we are still that once great hegemony that could spend any amount of money because there is the world demand for the FRN's.

As for the NAU and the Amero, not exactly sure what think of it exactly but I could see how business interests/political interests would want to do this to ensure the US economic liquidity- kinda like merging corporations sort of- just at a larger scale. This does not mean I am for this at all though. Totally against!

 

[parke]

I'm hearing a lot more about depression now on the news and around these forums, but I've started to become a bit suspicious. While there is talk of depression I am starting to hear the words global economy more and more.. Could the bush administration be recklessly spending us into a depression on purpose to usher in the North American Union... the introduction of the Amero? I don't know much on the subject, so any insight would be appreciated.

you betcha.. anyone remember how the government and bankers helped us out of the depression? You better hide your gold.

 

[liberty_Forever]

Gold is for optimists; I'm diversifying into canned goods.

 

[jaybone]

We have F'ed the golden goose my friends, and now it is time to pay the piper.
I think it is planned destruction of the US economy, in order to install a world government.

A draft would be wildly unpopular, but necessary if the neo-cons want to expand the wars. Well if you can't conscript, just make everyone horribly poor, they will line up at the recruiter's office.

 

[Falseflagop]

You catch on kid

When there is a depression they can sell people anything they want! ANYTHING! People are to stupid to understand that they (the crooks) did this by design just like when the patriot act was passed. I see V for Vendetta more and more daily!

 

[Falseflagop]

Prepare yourself with FOOD! And maybe even those 2 guys Smith & wesson. Not the vegatable oil either.

 

[kotetu]

Chinese won't let their investment sink...

My friend believes that this whole thing was a set up to sink the Chinese - or at least that they were high on the list of targets.

 

[jaybone]

Gold is for optimists; I'm diversifying into canned goods.

THAT is a GOOD IDEA.
I plead with everyone that I care about to stockpile and do it NOW.
All it is going to take is one gas shortage and the store shelves will be empty in a matter of hours. We have to think of the long term too, widespread civil unrest could be upon us at any time, and if that happens I want to leave my house as little as possible.

Gold is great for investment, but it is no good if you are DEAD.
Take care of what is essential, then put what is left into metals.

My advice for:
1 - get a berkey water filter, you can put swampwater in these things and drink it, the filter is cleanable too so it will clean many gallons, about $200
2 - #10 cans of freeze dried food are a good deal, and they keep for up to 25 years, MRE's are OK too. Those are you deep storage goods.
3 - fill your pantry with all the beans, lentils, canned goods, SALT, rubbing alcohol, medicines (immodium 4 sure), paper goods. Get as much as you think yo umight need, then get more.
4 - If your state still will let you get a firearm, GET IT NOW you may not have much time left. Body armor is not a bad idea either.
5 - Gas is somewhat dangerous to store, but a tank of propane, some diesel or kerosene would not be a bad idea, you may be able to trade.
6 - MOST VALUABLE - talk to your neighbors, without freaking them out let them know that if things go south you will have each other's backs. Nobody can fight the world alone.
7 - Any spare cash you have should be converted into 90% silver pre-1964 US coins. This is the cheapest silver available in coin form, I like franklin halves, depending on where you live you may be able to barter with it. While 'white' shop owners may not know about silver, if you can find an Indian or Chinese or Mexican, I'll bet you a coke they will take that silver without any problem.

Rocky times are ahead, if you wait for them to arrive it may be too late, hunker down now, mentally prepare for adjusting your standard of living DRASTICALLY, and when everybody else is having a meltdown you and yours will have an upper hand.

 

[liberty_Forever]

Yes, food and a shotgun! I like Remington 870 or Mossberg 590, both are available for around $300.

I honestly think most people are underestimating the intensity of the oncoming economic turmoil. And of course the governments response (will bush use the May 2007 executive orders NSPD 51 / HSPD 20? does economic depression count as 'catastrophic emergency' suitable for declaration of martial law?)

 

[KewlRonduderules]

My friend believes that this whole thing was a set up to sink the Chinese - or at least that they were high on the list of targets.

Maybe... I never really thought it in this perspective. However, the problem with that - there is heavy US investment in that country. The Chinese go down- our industries lose out too. Basically, if they go down, we go down.