Comments on: How This Economy Is Going To Play Out http://firedoglake.com/2008/03/08/how-this-economy-is-going-to-play-out/ Firedoglake weblog Wed, 25 Nov 2009 20:03:50 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: almostnone http://firedoglake.com/2008/03/08/how-this-economy-is-going-to-play-out/#comment-1323776 almostnone Sun, 09 Mar 2008 22:58:02 +0000 http://firedoglake.com/2008/03/08/how-this-economy-is-going-to-play-out/#comment-1323776 <p>You didn’t mention about the US going war with China in or around 2012…… and some other related predictions around Dec 21, 2012.</p> You didn’t mention about the US going war with China in or around 2012…… and some other related predictions around Dec 21, 2012.

]]> By: Ian Welsh http://firedoglake.com/2008/03/08/how-this-economy-is-going-to-play-out/#comment-1323735 Ian Welsh Sun, 09 Mar 2008 22:09:37 +0000 http://firedoglake.com/2008/03/08/how-this-economy-is-going-to-play-out/#comment-1323735 <p>Gold has actually not kept up with other stores of value, all the way up. Be very careful with gold (for example, if you want gold, why not platinum?) Not saying folks should have none (I don’t give investment advice because I am not a good investor) but do be careful. And watch out for the gold scams, there are plenty of them.</p> <p>If you expect a real serious collapse things like cigarettes, antibiotics, needles and alcohol will hold value very very well and be exchangeable for real things almost always.</p> Gold has actually not kept up with other stores of value, all the way up. Be very careful with gold (for example, if you want gold, why not platinum?) Not saying folks should have none (I don’t give investment advice because I am not a good investor) but do be careful. And watch out for the gold scams, there are plenty of them.

If you expect a real serious collapse things like cigarettes, antibiotics, needles and alcohol will hold value very very well and be exchangeable for real things almost always.

]]> By: BuzzCritic http://firedoglake.com/2008/03/08/how-this-economy-is-going-to-play-out/#comment-1323729 BuzzCritic Sun, 09 Mar 2008 22:04:42 +0000 http://firedoglake.com/2008/03/08/how-this-economy-is-going-to-play-out/#comment-1323729 <p><a href="http://www.Buzzcritic.com" rel="nofollow">BuzzCritic</a></p> <p>Scary stuff. I doubt either of the Demican’s or Republicrats can get us out of this mess, considering it is them who got us into it in the first place.</p> BuzzCritic

Scary stuff. I doubt either of the Demican’s or Republicrats can get us out of this mess, considering it is them who got us into it in the first place.

]]> By: MarkH http://firedoglake.com/2008/03/08/how-this-economy-is-going-to-play-out/#comment-1323722 MarkH Sun, 09 Mar 2008 21:52:56 +0000 http://firedoglake.com/2008/03/08/how-this-economy-is-going-to-play-out/#comment-1323722 <blockquote><p> Greenspan, Bernanke, and NYC banks broke the country.<br /> When do we eliminate the Federal Reserve Banking System? </p></blockquote> <p>And replace it with what?</p>

Greenspan, Bernanke, and NYC banks broke the country.
When do we eliminate the Federal Reserve Banking System?

And replace it with what?

]]> By: Matt http://firedoglake.com/2008/03/08/how-this-economy-is-going-to-play-out/#comment-1323682 Matt Sun, 09 Mar 2008 21:05:25 +0000 http://firedoglake.com/2008/03/08/how-this-economy-is-going-to-play-out/#comment-1323682 <p>I sure wouldn’t want to be running for president now. Whoever wins will have to fight being blamed for this mess. I don’t think a democrat is the answer because the thrive on spending, not saving. I don’t think a Republican is the answer, because generally they will want to continue the costly war in Iraq which is really going to bankrupt the U.S. I even think it may be too far gone for even someone with ideas like Ron Paul to save. It’s pretty sad.</p> I sure wouldn’t want to be running for president now. Whoever wins will have to fight being blamed for this mess. I don’t think a democrat is the answer because the thrive on spending, not saving. I don’t think a Republican is the answer, because generally they will want to continue the costly war in Iraq which is really going to bankrupt the U.S. I even think it may be too far gone for even someone with ideas like Ron Paul to save. It’s pretty sad.

]]> By: Matt http://firedoglake.com/2008/03/08/how-this-economy-is-going-to-play-out/#comment-1323681 Matt Sun, 09 Mar 2008 21:05:19 +0000 http://firedoglake.com/2008/03/08/how-this-economy-is-going-to-play-out/#comment-1323681 <p>I sure wouldn’t want to be running for president now. Whoever wins will have to fight being blamed for this mess. I don’t think a democrat is the answer because the thrive on spending, not saving. I don’t think a Republican is the answer, because generally they will want to continue the costly war in Iraq which is really going to bankrupt the U.S. I even think it may be too far gone for even someone with ideas like Ron Paul to save. It’s pretty sad.</p> I sure wouldn’t want to be running for president now. Whoever wins will have to fight being blamed for this mess. I don’t think a democrat is the answer because the thrive on spending, not saving. I don’t think a Republican is the answer, because generally they will want to continue the costly war in Iraq which is really going to bankrupt the U.S. I even think it may be too far gone for even someone with ideas like Ron Paul to save. It’s pretty sad.

]]> By: John http://firedoglake.com/2008/03/08/how-this-economy-is-going-to-play-out/#comment-1323659 John Sun, 09 Mar 2008 20:44:18 +0000 http://firedoglake.com/2008/03/08/how-this-economy-is-going-to-play-out/#comment-1323659 <p><em>As the American economy collapses around us so too will a lot of the American power and policy apparatus which has made the status quo, a status quo which has served so few so well, and so many badly, so hard for anyone to change. And in the shadow of the collapse there will be a time when we are freer to make choices about what sort of society we want to live in than we have been for a long time.</em></p> <p>Yessiree. Beautifully expressed, too.</p> <p>The short term is scary because so many of us are barely holding on as it is. Yes, the wheels are coming off the wagon, some of them anyway. But that may also keep it from going over the cliff, so we can get the hell off too! Time to help ourselves and each other by living how we want to live RIGHT NOW, instead of either hoping for salvation from the government or limiting our choices based on fear of an imagined future. </p> <p>We can’t reform or consume our way out of this. We have to <em>live the change</em>, find new reasons for getting up in the morning. I’ve already found a couple, though I’m much better at finding crap, so thank you baby Jesus & all the little angles in heaven. I also think the massive turnout for Democratic primaries is a facet of what is actually a collective inner movement. More and more of us are mortally aching for a chance to do some GOOD, and that is stirring the quantum soup. About damn time. When our hearts expand enough to take in the whole of Nature, we won’t recognize this place. </p> <p>Next lifetime for me, perhaps, but I ain’t dead yet.</p> As the American economy collapses around us so too will a lot of the American power and policy apparatus which has made the status quo, a status quo which has served so few so well, and so many badly, so hard for anyone to change. And in the shadow of the collapse there will be a time when we are freer to make choices about what sort of society we want to live in than we have been for a long time.

Yessiree. Beautifully expressed, too.

The short term is scary because so many of us are barely holding on as it is. Yes, the wheels are coming off the wagon, some of them anyway. But that may also keep it from going over the cliff, so we can get the hell off too! Time to help ourselves and each other by living how we want to live RIGHT NOW, instead of either hoping for salvation from the government or limiting our choices based on fear of an imagined future.

We can’t reform or consume our way out of this. We have to live the change, find new reasons for getting up in the morning. I’ve already found a couple, though I’m much better at finding crap, so thank you baby Jesus & all the little angles in heaven. I also think the massive turnout for Democratic primaries is a facet of what is actually a collective inner movement. More and more of us are mortally aching for a chance to do some GOOD, and that is stirring the quantum soup. About damn time. When our hearts expand enough to take in the whole of Nature, we won’t recognize this place.

Next lifetime for me, perhaps, but I ain’t dead yet.

]]> By: goldstandard http://firedoglake.com/2008/03/08/how-this-economy-is-going-to-play-out/#comment-1323568 goldstandard Sun, 09 Mar 2008 18:49:20 +0000 http://firedoglake.com/2008/03/08/how-this-economy-is-going-to-play-out/#comment-1323568 <p>Great article Ian, but there was one glaring omission when it come to what the individual can do to off set some of the financial pain that is sure to arrive sooner rather than later. That omission was to begin accumulating both physical gold and silver. While no fiat currency has ever survived history, both gold and silver are in fact the only real money that mankind has ever known.<br /> The colusion between the private banks that make up the Federal Reserve as well as those we have elected over the years from both parties have continued providing “we” the addicts with money not being dropped from helicopters but rather B52’s. We’re told by our elected officials to go out and spend to help the economy and they are willing to even provide you those funds in the form of a tax rebate. Yet it is in fact this unwarrented spending that got us into to mess while forgeting about what it ment to save. This added money will only cause inflation to continue to rise and as they are already charging $5 for a gallon of gas in some parts of CA, this is just the tip of the iceberg.<br /> This will not end well if we continue on our current path, but until and unless policy makers decide to get off the Kenysean band wagon and go back to a sound money system sans a central bank which the Constitution never called for, our consumption society will have no one else to blame but ourselves in not demanding credible change.</p> Great article Ian, but there was one glaring omission when it come to what the individual can do to off set some of the financial pain that is sure to arrive sooner rather than later. That omission was to begin accumulating both physical gold and silver. While no fiat currency has ever survived history, both gold and silver are in fact the only real money that mankind has ever known.
The colusion between the private banks that make up the Federal Reserve as well as those we have elected over the years from both parties have continued providing “we” the addicts with money not being dropped from helicopters but rather B52’s. We’re told by our elected officials to go out and spend to help the economy and they are willing to even provide you those funds in the form of a tax rebate. Yet it is in fact this unwarrented spending that got us into to mess while forgeting about what it ment to save. This added money will only cause inflation to continue to rise and as they are already charging $5 for a gallon of gas in some parts of CA, this is just the tip of the iceberg.
This will not end well if we continue on our current path, but until and unless policy makers decide to get off the Kenysean band wagon and go back to a sound money system sans a central bank which the Constitution never called for, our consumption society will have no one else to blame but ourselves in not demanding credible change.

]]> By: someofparts http://firedoglake.com/2008/03/08/how-this-economy-is-going-to-play-out/#comment-1323319 someofparts Sun, 09 Mar 2008 15:48:33 +0000 http://firedoglake.com/2008/03/08/how-this-economy-is-going-to-play-out/#comment-1323319 <p>These are the people I’m using to move some money out of U.S. greenbacks -</p> <p><a href="http://www.everbank.com/001WorldCurrency.aspx?LinkID=Navigation" rel="nofollow">http://www.everbank.com/001Wor.....Navigation</a></p> These are the people I’m using to move some money out of U.S. greenbacks -

http://www.everbank.com/001Wor…..Navigation

]]> By: ekunin http://firedoglake.com/2008/03/08/how-this-economy-is-going-to-play-out/#comment-1323237 ekunin Sun, 09 Mar 2008 14:11:51 +0000 http://firedoglake.com/2008/03/08/how-this-economy-is-going-to-play-out/#comment-1323237 <p>One way to start out of the mess may be to declare the equivalent of Chapter 11 for the government and rewrite the terms of the national debt rather than print money as we are now doing. That’s a great, painless way to tax the rich, but it will only work if we put the savings into worthwhile projects, like repairing the infrastructure and creating non-petroleum energy sources and not into pork or the military industrial complex. Unfortunately, it won’t happen.</p> One way to start out of the mess may be to declare the equivalent of Chapter 11 for the government and rewrite the terms of the national debt rather than print money as we are now doing. That’s a great, painless way to tax the rich, but it will only work if we put the savings into worthwhile projects, like repairing the infrastructure and creating non-petroleum energy sources and not into pork or the military industrial complex. Unfortunately, it won’t happen.

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