Does anyone have any doubt that the global economy will collapse entirely?

[jllundqu]

Been reading a ton of economic news lately and all with mostly the same theme: We're F__KED

I'm curious as to how RPF truly views the future in terms of the global economy. There's always a lot of hyperbole and exageration, but how many of you TRULY believe, deep down, that our economy will collapse and we will face another depression/war, possibly WW3?

I value your input, sincerely.

I am about to make some serious fiscal decisions and it's a cognitive disconnect for me that it could actually really all fall apart in the near-future. I'm 33 and have 20 years til retirement in my job. I'm not expecting Soc Security will be around, but I'm starting to wonder if I need to STOP paying into my pension and make other financial arrangements, etc.

What timelines do you work off of? 5 years or 50? How does one cross the mental threshold of KNOWING our economy, and the laws of economics, will force these changes eventually?

 

[Kotin]

I cannot surmise a timeline as there is too much information that is unavailable and also these things are never fully controlled but are caused by chain reactions and forces that could be influenced by so much.. simply, there are too many unknowns to have a timeline but yes, I do believe it is very likely..


what really scares me is a long drawn out type of collapse where everyone is slowly put into poverty and sickness and then one day when everyone is too sick and hungry to fight back the powers of tyranny in this world will do exactly as they wish.

 

[jllundqu]

I cannot surmise a timeline as there is too much information that is unavailable and also these things are never fully controlled but are caused by chain reactions and forces that could be influenced by so much.. simply, there are too many unknowns to have a timeline but yes, I do believe it is very likely..


what really scares me is a long drawn out type of collapse where everyone is slowly put into poverty and sickness and then one day when everyone is too sick and hungry to fight back the powers of tyranny in this world will do exactly as they wish.

That's my nightmare scenario... I would almost prefer a quick collapse... at least then, we could make the corrections and possible come out restructured and better for it... a "not a bang but a wimper" scenario would be awful, IMO

 

[Kotin]

That's my nightmare scenario... I would almost prefer a quick collapse... at least then, we could make the corrections and possible come out restructured and better for it... a "not a bang but a wimper" scenario would be awful, IMO

exactly.. at least in quick collapse, we have the ability to be the influencer on the problem-reaction-solution scenario instead of them..

the other scenario would be devastating and these people seem to have the patience for such a mode of action.

 

[tod evans]

Years back I made the decision to invest in my own abilities not the market or some "plan"..

If you have abilities, from gardening to firearms repair, or any other hands on tool related ability, it's something to think about...

 

[helmuth_hubener]

I do not think there will be a total collapse of the type envisioned by survivalists (no electricity, no food, bulk of humans dying). That seems highly unlikely. But, I do not know the future! I could be wrong!

 

[RonPaulIsGreat]

Personally I don't see a collapse in the near term, and a "collapse" may never come, as in one day the stock market drops 3000 points or something.

The problem is as I see it, is we humans are becoming less necessary for producing the things we humans need or want. This will just become more pronounced with time.

As in right now, there are still millions employed at fast food restaurants, I'd bet you everything I have in 20 years at MOST. Fast food restaurants, will have automatic burger makers, Touch screen ordering machines etc... that cut the manpower requirements of a mcdonalds by at least 50% and most like 70%+. I've seen a youtube video actually of a fast food restaurant experimenting with the touch screen ordering. Anyway, I think that will happen here and there, slowly but surely, in front of you and behind the scenes, until you arrive, at a permanent perpetual welfare state defined by a class that owns the "machines" (THE mcdonalds', factories, etc.), and those that don't.

In Such a world (where automation is mature and widespread) it will be nearly impossible to raise your economic standing (substantially), because the "businesses", will be vastly more expensive to start in upfront costs, but cost much less to run day to day. So, that will lead to a lessening of the turnover, in leading business, and as a consequence less investment opportunity. As in a Mcdonalds in the future, will be multiples more expense to open than today (but cheap afterward), so if you as an individual, that isn't wealthy could never open a competitive business in that market, ever. In such an "automated environment" the profit margins will also be thin, as the oligarchy in any particular field will ensure "profit", but not so much as to allow new entrants.

Anyway, The best route today in my opinion, is wait for another bubble crash, then buy good quality stocks, not sexy stocks, not change the world stocks, just solid boring stocks.

We are going to have another bubble pop, this is inevitable. Just look at history, it happens all the damn time. People just forget after like 10 years, get all drunk on their house values rising, or whatever, then are suprised when the bottom falls out.

But I don't think it will be a "COLLAPSE", I think a collapse has a small chance of happening, and that mostly would depend on other countries doing something irrational.

 

[krugminator]

Why is there no "no" choice? I guess it depends on how you define collapse.

 

[Carson]

Why is there no "no" choice? I guess it depends on how you define collapse.

For sure on the no "NO" choice. This is what a collapse is.

 

[Original_Intent]

I think collapse is inevitable and even desired by those in power. I think they are doing everything in their power to hold things together until they can get our guns, or at least have forces in place that are ready, willing and able to forcibly disarm all citizens.

I don't know when it will happen, but I do believe that for most of the U.S. that it will be "Mad Max" level collapse.

I also believe they will drag it out to weaken/impoverish the populace and strengthen their "domestic military".

 

[oyarde]

I do not think there will be a total collapse of the type envisioned by survivalists (no electricity, no food, bulk of humans dying). That seems highly unlikely. But, I do not know the future! I could be wrong!

Somehow that is how I picture it, there would be food and power but not for the mundane as AF calls them.Quite frankly , in large cities , I doubt the dying will bother anyone as well , except when it is them or others they care of ..... You see , I think people may have more faith in humanity than I .I have seen the world, over time .... I have faith, but little in humanity .

 

[Schifference]

The present economy is an illusion and could go on for a long time.

 

[oyarde]

The present economy is an illusion and could go on for a long time.

Possible .

 

[cbc58]

one way or another, something is going to happen. too many people relying on a decreasing work force coupled with rising prices.

things may start to get interesting in early 2014 when the tax cuts finally go away (supposedly) and obamacare starts to really kick in.

 

[tod evans]

I do not think there will be a total collapse of the type envisioned by survivalists (no electricity, no food, bulk of humans dying). That seems highly unlikely. But, I do not know the future! I could be wrong!

I foresee urban areas collapsing..

Not to an apocalyptic event but even now cities are not able to sustain themselves, lines have been being drawn for a long time now..

Any number of cities cannot feed their population without government aid, as the dollar becomes useless I've gotta wonder what exactly these urban dwellers will be able to trade for food...

 

[pmbug]

Collapse can be averted because it's predicated upon rules that humans can change. Changing the rules would be difficult and likely painful, but it is possible. Then again, NWO globalist elites have been crying about global overpopulation for a while now. Nothing like a global war to thin the herd a bit. Hey! More resources per capita for the survivors!

 

[matt0611]

I don't think there will be a "collapse" like the world is ending but I believe there is going to be a severe depression because of what all the central banks are doing. Once the money spigots finally stop we will go into a depression and there will be a lot of trouble in the financial and banking sectors again as well as other industries.

It's hard to time it but I think it will be in the next 3-5 years yeah.

 

[Madison320]

I think it's going to be a global fiat currency collapse and it's going to happen soon. But I have no idea of the outcome. Maybe things will actually get better. Governments are probably going to lose two major sources of revenue, borrowing and printing so that should reduce their size. Remember that even if all the fiat money in the world is destroyed we still have all the "stuff". I think people nearing or in retirement, and who have their savings in cash, are going to get hit the hardest by far. If you're young and have no savings, this may be a good thing. You haven't really lost anything, you still have most of your life to earn money. I expect gold or gold backed currency will replace the collapsed dollar.

 

[jllundqu]

Great answers so far....

As for there being no "no" answer, I was only allowed 3 questions for the poll, but just answering "no" in the comments is fine.

My follow up question is this: With the trillions in derivatives, diminishing workforce, dollar rapidly losing its status as the world reserve, and other factors, how can there NOT be another depression? I don't think it will be MAD MAX level crazy, but a MASSIVE restructuring of the global economy is going to come, I feel, and with it a greatly reduced standard of living from what we have been used to in this country.

 

[oyarde]

Great answers so far....

As for there being no "no" answer, I was only allowed 3 questions for the poll, but just answering "no" in the comments is fine.

My follow up question is this: With the trillions in derivatives, diminishing workforce, dollar rapidly losing its status as the world reserve, and other factors, how can there NOT be another depression? I don't think it will be MAD MAX level crazy, but a MASSIVE restructuring of the global economy is going to come, I feel, and with it a greatly reduced standard of living from what we have been used to in this country.

Well , my standard of living , lol , while it may not be coveted by some , will not change.