signs to look for " when we start to crash "

[danfinance2008]

i will be honest, i am not very bright. i started reading this forum and watching what is going on since the credit crunch started. and i have to admit, i am scared for the future.

what are signs to look for

one person i read wrote that long lines in front of banks withdrawing there cash is a sing of a depression coming.

how fast could we be hit with hyperinflation
signs to look for, grocery stores with little food?

how will the goverment handle this new debt, sell it?
i read a old article that states we pay over 400 million on interest a year on debt before we took on this new debt

 

[jonahtrainer]

We are in the middle of the crash. The deflationary credit contraction has begun.

 

[ihsv]

These are uncharted waters. Nothing like this, particularly on this scale and magnitude, has ever happened before in the history of the human race. There are weak comparisons in history, such as the Weimar Republic and the fall of the Roman Empire, but even they pale in comparison to the problem we're facing now, a problem that combines the hyperinflation of Germany and the fall of a vast empire such as that of Rome. And what's more, this will be on a global scale.

How it is handled, and whether "the end" comes fast and furious or slow and painfully, only time will tell.

Without a crystal ball, I think all anyone can give is guesses and suppositions.

 

[acptulsa]

i will be honest, i am not very bright. i started reading this forum and watching what is going on since the credit crunch started. and i have to admit, i am scared for the future.

what are signs to look for

The fact that there's a credit crunch isn't exactly a good sign. You definitely caught that one. Good to have you here.

one person i read wrote that long lines in front of banks withdrawing there cash is a sing of a depression coming.

Usually not one of the earlier signs, but a good one. It has already happened, by the way. Google Watchovia.

how fast could we be hit with hyperinflation

Damned if I didn't wish I knew. One thing we're all pretty sure of is that once this credit crunch ends, the inflation will come very fast and furious.

signs to look for, grocery stores with little food?

By then it's a little late to prepare. Prepare now and avoid the Christmas rush.

how will the goverment handle this new debt, sell it?
i read a old article that states we pay over 400 million on interest a year on debt before we took on this new debt

They hope they'll sell it. There are signs that T-bill customers are already starting to wonder how good our credit is. If they cease to buy them, we won't be able to borrow. This could speed the recovery, but it sure would ensure that we have no way to ease our pain in the meanwhile.

We have a habit of speaking authoritatively when we can, but the truth is no one has all these answers. We wish. But, keep coming to the forum and reading up, and you'll find you learn a lot. I sure have.

This, too, shall pass my friend. The only real trick is to survive it. As they say down south, all the rest is just gravy.

 

[weatherbill]

I'll tell you when, sept 2010, when the big one hits the west coast and utterly cripples it.....martial law ensues, followed by much worse events to come....see my vids on the details

 

[eric_cartman]

look at what is happening in iceland.

just know that what happened in Iceland is likely to happen in the United States at some point.

 

[amonasro]

Well, you are brighter than you think if you have the ability to recognize the signs and look for answers. Many people have been seeing the writing on the wall for years, and the RP Revolution is partly a manifestation of that recognition.

I agree with everything stated above, especially the fact that we're in uncharted waters. Never in history has a country of this size, power, and wealth (perceived) navigated a crisis like this. We like to give Weimar as an example: Remember that Germany is only slightly smaller than Montana. We have 50 states, each equal in size (though not population) to most European countries. Our racial diversity is unrivaled so that could play into it.

It's going to get worse before it gets better, but how much worse is anybody's guess.

 

[slacker921]

You can learn from what happened in Russia.. go read the "stages of collapse" by Orlov and then buy his book (it's not perfect but he has a sense of humor about it all).


I think it'll happen so fast we won't see it coming, but keep an eye on the dollar index.

I'm seeing things locally that indicate it's about to get much worse here (where we haven't really seen much of an effect yet). I heard from a friend that the local bulldozer sales place had 14 dozers brought back on their lot because they were repossessed in the last week and they had to lay off 64 people.. that's a bad sign. I just read that my town has over 250 homes in foreclosure and only 25 new homes on the market.. out of about 1,000 homes on the market. That's a bad sign. The car lots are full and they're laying off sales people.. bad sign. Most foreign car makers have double their stockpile of cars in the US now (from 2months to 3+months).. bad sign. A friend sent me a big long list of stores that will be closing in the local mall right after Christmas.. bad sign.

Our national debt is over $10,600,000,000,000

BUT .. the powers that be could keep the game going for months or years.. or decades.. there's really no telling how long it will last. And who knows, maybe somebody with sense will step into Washington and fix things. We can hope.

 

[ArchPaul]

i will be honest, i am not very bright. i started reading this forum and watching what is going on since the credit crunch started. and i have to admit, i am scared for the future.

what are signs to look for

one person i read wrote that long lines in front of banks withdrawing there cash is a sing of a depression coming.

how fast could we be hit with hyperinflation
signs to look for, grocery stores with little food?

how will the goverment handle this new debt, sell it?
i read a old article that states we pay over 400 million on interest a year on debt before we took on this new debt

Brighter than most.
'what are signs to look for' ... in what aspect? A total collapse? We've hit bottom?... To me the writing is on the wall, we're already in a recession moving into a depression, and worst case a collapse of the dollar. The massive bailouts we can not afford. Our tax dollars being hijacked. Unemployment and bankruptcies, and foreclosures skyrocketing, the stock market hemmoraging with
huge point swings.. You can't rely on MSM, they'll have you going crazy. You feel it in your instinct something aint right, or else you wouldn't be here.

Hyperinflation, if it happens is like timing the market... but some things to watch for is money starting to flow through lending, China, Japan etc getting ansy with the debt they hold and dumping dollars for another reserve currency.. or price commodoties start to move up while demand is stable, watching the dollar index drop...

Our debt?
Selling it is going to get harder and harder... China is doing a bailout of their own, Japan just announced they are officially in a recession....

All I could advise you is, hope for the best and prepare for the worst. Make
a list of priorities and execute.
1. Have the basics
A. Food
B. Water
C. Shelter
2. Protection/Hunting
A. Hand gun (protection)
B. Rifle (hunting)
C. Bow & Arrow/Crossbow (in case you run out of ammo )
D. Knife (cleaning)
3. Currency
A. Silver
B. Gold
C. Cash
4. Short Term Plans
5. Long Term Plans
.....

Once you secure your self, you'll feel MUCH better. I know I did.

Just my .0000000002

 

[Chase]

I'd like to recommend the reports at ShadowStats.com. They do a great job of speaking in fairly plain language about the trends in economic reporting. They are predicting hyperinflation, possibly as early as 2009.

 

[slacker921]

I'd like to recommend the reports at ShadowStats.com. They do a great job of speaking in fairly plain language about the trends in economic reporting. They are predicting hyperinflation, possibly as early as 2009.

yeah.. and.. the "Lack of Physical Cash" section on this article is troubling..

 

[Chase]

Damn... I hadn't read that. Frightening.

 

[Mongoose470]

What are the chances we will actually see an inflationary depression?

I think many of you are right about how unprecedented this is. There isn't much of a complete history by which we can have an accurate framework to predict market behavior.

I'm hearing that we'll contract for a year, then the inflation hits, then we'll see money dropped from helicopters. That's how it was put to me.

I'm rarely alarmist but this looks like economic endgame to me. Government intervention is pretty much going to prevent any significant recovery for years.

 

[HOLLYWOOD]

I'd like to recommend the reports at ShadowStats.com. They do a great job of speaking in fairly plain language about the trends in economic reporting. They are predicting hyperinflation, possibly as early as 2009.

Yes indeed... all the cash that has been horded by these Banks and Financials... well, when the Credits wheels break loose and free up... look out, there's no way to control all the cash that's floated out there. Zimbabwe... here comes your match!

 

[heavenlyboy34]

I asked a similar question on these boards a while back, and Danno (I believe) informed me that when the stock market ceases to be(all the listed companies go kaput), capitalism will be replaced by socialism.

I'm still not sure exactly how to answer the question, because I'm too young and not yet educated well in econ. Hope this helps somehow. :o

 

[danfinance2008]

thanks

thanks for the kind words and all the info

i have some things i am getting ready but am stuck on food. some say next year, some say within 10 years the us will fail

my personal opinion is sooner

thanks again

 

[slacker921]

thanks for the kind words and all the info

i have some things i am getting ready but am stuck on food. some say next year, some say within 10 years the us will fail

my personal opinion is sooner

thanks again

one thing to keep in mind.. hyperinflation can hit and the US still remain intact. There might be major disruptions, but overall the country can (and probably will) keep on trucking. The same would be true for a deflationary depression. It's not like we'd go back to the stone ages for the next x00 years. Read some books on what happened in Russia and you'll see that while things did change drastically there's also still a LOT that stayed the same.