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Yes We Will (Have A Depression)

Discussions about the economic and financial ramifications of PEAK OIL

Re: Yes We Will (Have A Depression)

Unread postby ReverseEngineer » Sun 09 Nov 2008, 01:40:39

$this->bbcode_second_pass_quote('threadbear', 'N')ot a good sign, superficially--for sure. But consider this-- These people may be some of the few that know what is actually going on, what murk lies below the murk we know about. Perhaps they can best advise him how to act preemptively. Hopefully he'll be saavy enough to call them on attempts at corrupting the process in the favour of bankers, against the citizen's interest.

On the other hand Obama could be the anti-Christ, in which case he should be recalled! [smilie=new_bluegrab.gif]


I am a little disappointed Obama did not tap chief Bush NYT Op-Ed Critic and Nobel Prize winning economist Paul Krugman, and I AM suspicious of his economic Dream Team.

However, the only people who actually know what is going on with the scheming and money supply manipulations are the Wall Street Bankers. Who ELSE would you get any information worth knowing out of? I mean maybe you could drag in some more MIT Pysicists, but every time these guys get involved they much up the works even more. LOL.

Krugman is probably smart enough to know getting involved in the mess as anything other than a critic is a death sentence, NOBODY can solve these problems. Whoever is at the helm when the ship goes down is going down with the ship. I don't think Obama is the Anti-Christ, but he is no Savior either, at least until AFTER the total Meltdown. Then he could be either one. Once the system is toast completely, those who had money won't have it anymore to manipulate the politicians with. Real Leadership could make a difference. Does Obama have that in him? Or will he act as a Pawn for the NWO? We shall see how it plays out.

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Re: Yes We Will (Have A Depression)

Unread postby Novus » Sun 09 Nov 2008, 03:48:36

What are you saying Loki that is so bad that it is being censored?
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Re: Yes We Will (Have A Depression)

Unread postby TheDude » Sun 09 Nov 2008, 06:25:30

$this->bbcode_second_pass_quote('eastbay', 'A')nyone expecting change is delusional.


In my personal experience many of the people who've asked me for change were delusional... :-D

Funny pic of a straight shooter.

One Obama favored plan is extending unemployment benefits, which is more apt than ever since the US jobless rate has climbed to 6.5%. There's also this talk of plowing money into infrastructure projects, deja vu all over again. Anything but these brain-dead plasma screen stimuli. $600? Lezzee, that's about 30 pounds of tobacco, 20 boxes of ammo, 3 Big Berkees...
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Re: Yes We Will (Have A Depression)

Unread postby Twilight » Sun 09 Nov 2008, 17:32:39

$this->bbcode_second_pass_quote('RSFB', 'W')hat's the deal with Ireland?

Monster RE bubble that made ours in the UK look tame.

A flavour of it.

It was also done with money borrowed from overseas, Ireland's economy could not support such borrowing. I have in front of me a leaflet from a few months ago promising me 7.25% interest if I opened an account with the Bank of Ireland through my local Post Office. And it would be 100% guaranteed by the Irish government. All foreign deposits in whatever currency, yeah right. I said NO on the basis of that risk and Iceland defaulted on its guarantee of £16,000 or 20,887 euros the following week. Prescient of me or what?

I have a bad feeling about the place. Throwing stones in glass houses, I know, but the appearance of the place is unnatural.
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Re: Yes We Will (Have A Depression)

Unread postby AlexdeLarge » Sun 09 Nov 2008, 23:54:04

Wow..........Peter Schiff is a bigot too???

Peter Schiff 051108 - Obama = print print print print print

Note: Any criticism of Obama is on its face...racist.
Last edited by AlexdeLarge on Mon 10 Nov 2008, 10:01:11, edited 1 time in total.
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Re: Yes We Will (Have A Depression)

Unread postby Eli » Mon 10 Nov 2008, 00:48:52

I must have missed the bigot part where is it at Alex?
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Re: Yes We Will (Have A Depression)

Unread postby eastbay » Mon 10 Nov 2008, 00:53:23

Alex was joking.... strange joke... but joking nevertheless. [smilie=dontknow.gif]
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Re: Yes We Will (Have A Depression)

Unread postby efarmer » Mon 10 Nov 2008, 12:23:04

We are past the threshold of experiencing that our stubborn
clinging to our individual ideologies is at the expense of
having enough common purpose to pursue an acceptable
future. We cannot borrow relief, we cannot go out
and simply conquer relief, and if we do not settle down
and work out some modicum of relief among ourselves,
there may not actually be any relief. I also believe that using
our wits and brains to project into the future and find
elements to build a strong case to undermine our efforts
in the here and now is a worthless pursuit. I hope to
hold my poison inside and let the better things out for
as long as I can persist if for no other reason than I
chose not to live the alternative. If you don't have any
hope I understand, but I would ask you to consider not
actively sharing your despair.
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Re: Yes We Will (Have A Depression)

Unread postby Falconoffury » Mon 10 Nov 2008, 16:12:17

I was thinking of destroying the next stimulus check. Maybe I could make a youtube video of me burning it, so there is no doubt in anyone's mind.

At least then I will have put my money where my mouth is. We need monetary reform. There is way too much debt at all levels, especially government. The money system is flawed because the act of paying off debt for one, creates more debt for another. There is always more debt in the system than capital, and the gap only widens the longer we allow this system to continue.
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Re: Yes We Will (Have A Depression)

Unread postby Lanthanide » Mon 10 Nov 2008, 16:54:02

My partner is an American and hasn't paid any taxes to the US in all the time he's been living here because he earns under the reporting limit.

Yet he still got a $300 cheque in the mail from the last stimulus. A guy at his work who is American and has kids got his wife citizenship, but she has never actually lived in the US at all. They both got $600 cheques due to having children.

Thought you yanks might be interested to know that your economic stimulus cheques are leaving the country and helping to stimulate other economies :)
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Re: Yes We Will (Have A Depression)

Unread postby Twilight » Mon 10 Nov 2008, 16:54:39

$this->bbcode_second_pass_quote('Falconoffury', 'I') was thinking of destroying the next stimulus check. Maybe I could make a youtube video of me burning it, so there is no doubt in anyone's mind.

That is a good idea. I suppose it would be more effective to cash it and store the money somewhere safe, but perhaps effectiveness is worth sacrificing for symbolism just once in this case.
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Re: Yes We Will (Have A Depression)

Unread postby galacticsurfer » Mon 10 Nov 2008, 17:37:36

I read somewhere today that the US would have a 2 Trillion deficit in 2009 fiscal year. they already have in one month into the fiscal year a $253 billion fiscal deficit. This can'T b finaced throught he Chinese this time as they are finacign their own stimulus program. They are not gonna be buying US bonds because they won't have any cash from expors to America which are not being sold anymore. So no deficit = no stimulus program= no recovery= no growth= DEPRESSION.

OBAMA could be fricking Green and it won't make no difference.
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Re: Yes We Will (Have A Depression)

Unread postby Falconoffury » Mon 10 Nov 2008, 18:14:18

I think it would give me more a right to complain. Anyone with kids should thank me. It means less money that future generations will have to pay off.
"If humans don't control their numbers, nature will." -Pimentel
"There is not enough trash to go around for everyone," said Banrel, one of the participants in the cattle massacre.
"Bush, Bush, listen well: Two shoes on your head," the protesters chant
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Re: Yes We Will (Have A Depression)

Unread postby Arsenal » Mon 10 Nov 2008, 18:29:55

$this->bbcode_second_pass_quote('Falconoffury', 'I') was thinking of destroying the next stimulus check. Maybe I could make a youtube video of me burning it, so there is no doubt in anyone's mind.


Every spare cent is going into my preps so send my your check. :) Cut off the land line, cable (not internet) saved me a ton of money that went to ammo and food. If they send us money, burning one check won't make a difference to the next generations since everyone else will be cashing them but money towards preps could make all the difference..
If the American people ever allow the banks to control issuance of their currency, first by inflation and then by deflation, the banks and corporations that grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers occupied. T Jefferson
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Re: Yes We Will (Have A Depression)

Unread postby AlexdeLarge » Tue 11 Nov 2008, 10:15:36

Why Washington Cannot Prevent Depression

"The government cannot repeal the law of gravity or stop investors from dumping their assets.

It cannot turn back the clock or reverse decades of financial sins.

It cannot win the battle against depression.

It cannot stop the Dow or S&P from losing half their value from current levels, if not more.

It cannot stop the collapse in real estate, commodities, and corporate bonds.

So act promptly now to liquidate or hedge your holdings, build cash and make sure the cash is safe."
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Re: Yes We Will (Have A Depression)

Unread postby dohboi » Tue 11 Nov 2008, 11:26:50

"make sure the cash is safe"

Generally good advice, except it is getting harder and harder to determine where "safe" is.

It doesn't matter who's in charge. As we should all know here, PO means none of the usual methods are going to be effective at even slightly ameliorating the inevitable.


WPA-type projects to insulate homes, establish gardens, teach basic skills...might be part of a strategy. But people would first have to have some glimmering of the depth of the sh*t hole we are at the bottom of, and no one, no one of any stature is ready to tell us that..yet.
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Re: Yes We Will (Have A Depression)

Unread postby Falconoffury » Tue 11 Nov 2008, 17:59:21

After the first stimulus check went out, I got into an argument with a family member over whether the stimulus was a good idea. She asked me if I accepted the money from the stimulus check. My reply was "yes". At that point, I had no ground on which to stand. It will not happen again. Anyone who accepts the stimulus money should not argue when the USA goes bankrupt. If the deficits keep going the way they are, this is debt that may have to be serviced for the rest of the USA's life.
"If humans don't control their numbers, nature will." -Pimentel
"There is not enough trash to go around for everyone," said Banrel, one of the participants in the cattle massacre.
"Bush, Bush, listen well: Two shoes on your head," the protesters chant
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Re: Yes We Will (Have A Depression)

Unread postby Tyler_JC » Tue 11 Nov 2008, 18:24:35

$this->bbcode_second_pass_quote('Falconoffury', 'A')fter the first stimulus check went out, I got into an argument with a family member over whether the stimulus was a good idea. She asked me if I accepted the money from the stimulus check. My reply was "yes". At that point, I had no ground on which to stand. It will not happen again. Anyone who accepts the stimulus money should not argue when the USA goes bankrupt. If the deficits keep going the way they are, this is debt that may have to be serviced for the rest of the USA's life.


Giving more drugs to a junkie is very popular among junkies but is terrible for everyone, including the junkie.

Just because you accept free money doesn't mean the free money should have been given out in the first place.

I don't think you lost your moral high ground.

More important than morality in this case is the fact that the stimulus check clearly did not work.
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Re: Yes We Will (Have A Depression)

Unread postby AgentR » Tue 11 Nov 2008, 18:27:31

$this->bbcode_second_pass_quote('flapjax', ' ') Could you not have posted that the depression is coming without dragging Obama through the mud at every turn, you freaking bigot.


Why is it bigoted for a right wing operative to drag a left wing politician through the mud? (as much as American politicians can be said to be left wing that is...) Wherever the President Elect's geographic origins hail from, if he's a lefty, I'm gonna be flinging that mud hard and fast, and have a great deal of fun doing it.

PS:
This idiot is walking into office, saying, look! they screwed us bad by doing "X" over and over. lets save the country by doing... "X". Yes men cower along and respond, "Oh yes! Great Anointed One!"

This is gonna be an entertaining four years.
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Re: Yes We Will (Have A Depression)

Unread postby patience » Tue 11 Nov 2008, 18:42:05

Not being an accountant myself, I can't understand labels on money, so if the govt took money from me in taxes (thievery), then it is MY money if they decide to give some back, albeit, somewhat devalued.

You can bet I will spend any forthcoming stimulus check just like I spent the last one--on preps. The sooner the better, too, before they can dilute the currency any worse than it is now. I didn't make this mess, I know TPTB are doing all the wrong things, and I have no say in the matter, not even having a real choice in elections. (Dumb and Dumber.) Therefore, what comes to me legally, I will use to my best advantage, which is usually the opposite of what official "policies", like govt fiscal and monetary policies, try to motivate me to do, that is, save or spend. My personal best interest is always not what they want the herd to do.

In the case of a stimulus check, they want you to spend it to spark the economy, so the best use would be to SAVE the money for future use. Saving cash, in this case, in the face of powerful inflation just ahead, would be foolish due to the lost buying power. Therefore, by spending it on future NEEDS, I am actually saving those GOODS for a rainy day, against future need for cash.
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