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Started By
Message
Next ten years are going to be very dark.
Posted on 5/17/20 at 11:47 am
Posted on 5/17/20 at 11:47 am
Food surplus countries starting to limit exports; food importers seeing the first signs of famine
Government sanctioned piracy of other nations' trade shipments is back. Anyone want to start a privateering company? Just need a letter of Marque
Oil prices are likely to stay low. That means petro-states around the world might collapse into war. The difference today is that because the USA is nearly a net exporter, wars and instability in oil regions is GOOD for us now.
We're rising into a new cold war with China.
Record high unemployment everywhere is just starting, and will have lasting political consequences in all nations. We have no idea how things will fall, but they won't look like they did a year ago.
We will be at 135% debt to GDP ratio by the end of this year even if we don't add any more spending.
When the Greek Debt crisis started in 2010, they had debt levels at only 146%.
Greek unemployment is still at 14%, before COVID.
And yet, NYT says "The US is about to vastly increase it's debt. That's a good thing". That's the actual article title.
Here's what it all means: We're in for a wild ride. It's possible, maybe even likely, that the USA as we have known it since 1865, is coming to an end. That's not a good thing and not something I'm hoping for. For those of you who fanticize about a 'boogaloo' or decoupling of the states into new countries, this is what it looks like. Massive unemployment, biblical levels of debt, famine, hardship, death.
If we do stay together, there is no guarantee we will be stronger, or still a free nation. The same goes for the rest of the world; China spent most of its 3000+ year history broken into separate kingdoms, nations, and city states.
The one thing that has kept Great Powers from open warfare is the US funded and led global security state (which is ending) and Nuclear Weapons. But the funny thing about ICBMs is that they can be intercepted with today's technology, and that tech gets more and more reliable all the time.
Government sanctioned piracy of other nations' trade shipments is back. Anyone want to start a privateering company? Just need a letter of Marque
Oil prices are likely to stay low. That means petro-states around the world might collapse into war. The difference today is that because the USA is nearly a net exporter, wars and instability in oil regions is GOOD for us now.
We're rising into a new cold war with China.
Record high unemployment everywhere is just starting, and will have lasting political consequences in all nations. We have no idea how things will fall, but they won't look like they did a year ago.
We will be at 135% debt to GDP ratio by the end of this year even if we don't add any more spending.
When the Greek Debt crisis started in 2010, they had debt levels at only 146%.
Greek unemployment is still at 14%, before COVID.
And yet, NYT says "The US is about to vastly increase it's debt. That's a good thing". That's the actual article title.
Here's what it all means: We're in for a wild ride. It's possible, maybe even likely, that the USA as we have known it since 1865, is coming to an end. That's not a good thing and not something I'm hoping for. For those of you who fanticize about a 'boogaloo' or decoupling of the states into new countries, this is what it looks like. Massive unemployment, biblical levels of debt, famine, hardship, death.
If we do stay together, there is no guarantee we will be stronger, or still a free nation. The same goes for the rest of the world; China spent most of its 3000+ year history broken into separate kingdoms, nations, and city states.
The one thing that has kept Great Powers from open warfare is the US funded and led global security state (which is ending) and Nuclear Weapons. But the funny thing about ICBMs is that they can be intercepted with today's technology, and that tech gets more and more reliable all the time.
29
Posted on 5/17/20 at 11:49 am to cokebottleag
But it potentially saved one life.
Posted on 5/17/20 at 11:54 am to cokebottleag
I don’t disagree with your basic premise, but there are huge differences in the Greek financial and monetary systems and ours
Posted on 5/17/20 at 11:54 am to cokebottleag
Posted on 5/17/20 at 11:54 am to Dr Rosenrosen
Only thing constant in life is change.
Posted on 5/17/20 at 11:56 am to cokebottleag
quote:
Here's what it all means: We're in for a wild ride. It's possible, maybe even likely, that the USA as we have known it since 1865, is coming to an end.
Posted on 5/17/20 at 11:56 am to cokebottleag
Greece is a great example at where the average IQ limitations have to be to sustain a socialist healthcare system. Sub 99-100 average IQ societies can’t contribute enough wealth into the system to make it sustainable. Countries above this mark can make some form of it work.
This post was edited on 5/17/20 at 11:57 am
Posted on 5/17/20 at 11:59 am to cokebottleag
Greece’s problems were exacerbated by the fact that they had no control over monetary policy through membership in the Euro.
We don’t have that problem.
We don’t have that problem.
Posted on 5/17/20 at 12:03 pm to cokebottleag
Tried to read whilst shitting but too long.
Posted on 5/17/20 at 12:28 pm to cokebottleag
A whole lotta paranoid
Posted on 5/17/20 at 12:31 pm to cokebottleag
quote:
It's possible, maybe even likely, that the USA as we have known it since 1865, is coming to an end.
frick off with this doomsaying bullshite.
Posted on 5/17/20 at 12:48 pm to canyon
Taken as a snap shot ....you might have a point. Based in realities? On the planet Pluto maybe.
1. The Food situation has nothing to do with people dying . It has been a combined affect of the shut down, schools closing and restaurant's closed and other than trucking ...America not traveling. Crops are still planted, harvested, pigs, cattle, sheep, chickens slaughtered ....because of the brief halt in demand. That starts to ramp up this month.
Snap shot ...the world will starve. Hardly.
2. Oil prices will climb. They always do ...the summer demand is coming, the refinery storage tanks will take the oil from the tankers waiting off shore ...Cooped up Americans will travel..
3.The news media makes it a point of emphasis that 100,000 small businesses closed permanently. No they didn't. Temporarily. If someone doesn't reopen ...someone else will step in their place.
I still have a bold prediction concerning a no cost Government Garage Sale that is needed. I'll point that out shortly.
4. America goes back to work. When the businesses shuttered, no one came in and took all the tools and equipment from those facilities. This is not the depression where the banks were seizing everything and selling for pennies on the dollar. The doors open and manufacturing ramps up. That change right there, that change alone .....dissolves the 10 year prediction.
The result will be a lengthy growth spur the country has not seen in decades ...Decades being the change from women manning manufacturing while husbands were off killing Germans and Japanese...This will be a growth never seen in this country previously.
The country poised for a serious hurt in this? China. China closed 450,000 small businesses. Support for the large manufacturing firms. You will see a lot of the large cities in serious trouble. Wuhan became a city of several million by way of US Manufacturing taking place in China. Apple has announced that they are leaving. Going to India.
My thought about the no cost garage sale needed in America. The GSA guesses that it has 70,000 vacant buildings in the US. Buildings we the taxpayer maintains for nothing. While on a trip to Washington, I went in to bid for some of those maintenance contracts ... I looked to score a old Federal Building or two for a million dollar contract a year. You pocket a lot of money for baby sitting a vacant building. A lot of those buildings are old Post Offices. Bring back manufacturing. Think big ...offer a building at no cost. Am agreement for the deed at the end of ten years if you occupy a booming business the entire time. Demand that the SBA make loans using the building as collateral where needed. This affects everyone. First it opens a vacant building and takes it off the maintenance give away. The local government gains employees on the business not previously there. The tax base now becomes a local and state revenue builder. Small businesses will open and grow around the new business filling empty space.
1. The Food situation has nothing to do with people dying . It has been a combined affect of the shut down, schools closing and restaurant's closed and other than trucking ...America not traveling. Crops are still planted, harvested, pigs, cattle, sheep, chickens slaughtered ....because of the brief halt in demand. That starts to ramp up this month.
Snap shot ...the world will starve. Hardly.
2. Oil prices will climb. They always do ...the summer demand is coming, the refinery storage tanks will take the oil from the tankers waiting off shore ...Cooped up Americans will travel..
3.The news media makes it a point of emphasis that 100,000 small businesses closed permanently. No they didn't. Temporarily. If someone doesn't reopen ...someone else will step in their place.
I still have a bold prediction concerning a no cost Government Garage Sale that is needed. I'll point that out shortly.
4. America goes back to work. When the businesses shuttered, no one came in and took all the tools and equipment from those facilities. This is not the depression where the banks were seizing everything and selling for pennies on the dollar. The doors open and manufacturing ramps up. That change right there, that change alone .....dissolves the 10 year prediction.
The result will be a lengthy growth spur the country has not seen in decades ...Decades being the change from women manning manufacturing while husbands were off killing Germans and Japanese...This will be a growth never seen in this country previously.
The country poised for a serious hurt in this? China. China closed 450,000 small businesses. Support for the large manufacturing firms. You will see a lot of the large cities in serious trouble. Wuhan became a city of several million by way of US Manufacturing taking place in China. Apple has announced that they are leaving. Going to India.
My thought about the no cost garage sale needed in America. The GSA guesses that it has 70,000 vacant buildings in the US. Buildings we the taxpayer maintains for nothing. While on a trip to Washington, I went in to bid for some of those maintenance contracts ... I looked to score a old Federal Building or two for a million dollar contract a year. You pocket a lot of money for baby sitting a vacant building. A lot of those buildings are old Post Offices. Bring back manufacturing. Think big ...offer a building at no cost. Am agreement for the deed at the end of ten years if you occupy a booming business the entire time. Demand that the SBA make loans using the building as collateral where needed. This affects everyone. First it opens a vacant building and takes it off the maintenance give away. The local government gains employees on the business not previously there. The tax base now becomes a local and state revenue builder. Small businesses will open and grow around the new business filling empty space.
Posted on 5/17/20 at 12:48 pm to cokebottleag
You can tell by the downvotes that there are many Americans ignorant enough to believe that there really is a magic money tree. They simply can't grasp the fact that printing money does not fix a bankrupt economy, it makes it worse. That's why fake news and misdirection is all we get now; PTB trying to assign blame for when the masses finally catch sight of what's been headed our way our way for a long time.
One disagreement though. The US is nowhere near oil independence and even if we could ramp up tight oil production enough to get there, it would be a short lived phenomenon.
One disagreement though. The US is nowhere near oil independence and even if we could ramp up tight oil production enough to get there, it would be a short lived phenomenon.
Posted on 5/17/20 at 12:49 pm to Dr Rosenrosen
quote:
But it potentially saved one life.
trumP said only 15 people had it. Your number is too low.
Posted on 5/17/20 at 12:50 pm to cokebottleag
Elections have consequences
Posted on 5/17/20 at 12:51 pm to wdhalgren
quote:
You can tell by the downvotes that there are many Americans ignorant enough to believe that there really is a magic money tree. They simply can't grasp the fact that printing money does not fix a bankrupt economy, it makes it worse.
Do you feel reducing the money supply would make it better? What impact will printing money have and can you provide examples where it’s had this impact in the US?
Posted on 5/17/20 at 12:54 pm to cokebottleag
People have been saying since the country was founded "this is it. This is the end". Yet somehow we are still here.
Posted on 5/17/20 at 12:59 pm to Dawgfanman
quote:
Do you feel reducing the money supply would make it better?
Yes. It would encourage saving and living within our means instead of putting debt and money supply on an exponential growth curve that ends with hyperinflation.
quote:
What impact will printing money have and can you provide examples where it’s had this impact in the US?
It allows people and politicians to spend money they don't have and can't get through direct taxation. That allows the government to grow without constraint, via an unrecognized tax on savings. Printing money is essentially a transfer of wealth from savers to borrowers and speculators and therefore provides a perverse incentive that eventually destroys personal responsibility. Example: 2009-2020. Although the currency debasement started quite a bit sooner, now we're on the steep part of the debt/money curve where lowering interest rates isn't enough.
This post was edited on 5/17/20 at 1:07 pm
Posted on 5/17/20 at 1:03 pm to cokebottleag
The word 'dark' is definitely coming back in the left wing rhetoric. It was dominant in the first two years of Trump. It's been absent for the last year. It's back.
Posted on 5/17/20 at 1:10 pm to wdhalgren
quote:
Yes. It would encourage saving and living within our means instead of putting debt and money supply on an exponential growth curve that ends with hyperinflation.
Encouraging saving at a time of 20+% unemployment, failing retail sector, etc would seem to be a bad thing, at least in the short to medium term. Leading to a deflationary spiral.
Perhaps letting some of the air out of the balloon needs to occur, but we are are gonna have to drop a lot of weight (figuratively talking about great suffering for lots of people) if we do so at this time. The time to tighten the belt is not now, at least I don’t believe so
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