Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Pessimism Porn? Economic Forecasts Get Lurid
abcnews.go.com ^ | April 9, 2009 | DAN HARRIS

Posted on 04/09/2009 5:53:23 PM PDT by DirtyHarryY2K

Bread Lines, Food Riots, Revolts: Apocalyptic Economic News Draws Eyeballs Online

People are logging onto the Internet to read all sorts of dire economic predictions: a new Great Depression, bread lines, riots, you name it. And with the recession taking hold, many have become addicted to apocalyptic news about the economy.

This sky-is-falling content online has the same sort of can't-look-away quality as a car crash or porn, for which New York magazine has coined the term "pessimism porn."

One of the stars of this new genre is Gerald Celente, a trends forecaster who's credited with predicting the fall of the Soviet Union, the war in Iraq, the crash of 1987, the dot-com bust and, very early on, the housing collapse.

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Culture/Society; Extended News; Philosophy
KEYWORDS: bloat; culturewar; cw2; cwii; keepyourpowderdry; shtf
The natives are restless for a reason, these fools think it's all a big joke.

This nutcase needs to check on the astronomical record firearms and ammo sales in the last six months.....

1 posted on 04/09/2009 5:53:23 PM PDT by DirtyHarryY2K
[ Post Reply | Private Reply | View Replies]

To: DirtyHarryY2K

ABC carries water for ‘The One?’ Tries to tell us, ‘All is well?’

Surprise, surprise! ;)


2 posted on 04/09/2009 5:58:42 PM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DirtyHarryY2K

Even a friend of mine who saw the crisis coming back in January ‘08 and took all his money out of the market and put it in gold doesn’t quite get it.

If the dollar collapses and the riots start, he won’t be able to get his “gold” (really gold certificates). And even if he does manage to get some, he’d do better to immediately invest it in lead.


3 posted on 04/09/2009 6:04:26 PM PDT by PhilosopherStones
[ Post Reply | Private Reply | To 1 | View Replies]

To: PhilosopherStones
Precious metals = gold, silver, brass, blue steel and lead.
4 posted on 04/09/2009 6:07:51 PM PDT by DirtyHarryY2K (The Tree of Liberty is long overdue for its natural manure)
[ Post Reply | Private Reply | To 3 | View Replies]

To: DirtyHarryY2K

Labeling a point a view as porn is pretty much akin to Godwin’s Law (invoking Hitler/Nazism).

Almost guarantees that the writer’s argument is full of crap.


5 posted on 04/09/2009 6:17:32 PM PDT by IDRATHERNOT
[ Post Reply | Private Reply | To 1 | View Replies]

Comment #6 Removed by Moderator

To: SonOfPyrodex

Promise?


7 posted on 04/09/2009 6:44:06 PM PDT by Repeat Offender (While the wicked stand confounded, call me with Thy Saints surrounded)
[ Post Reply | Private Reply | To 6 | View Replies]

To: DirtyHarryY2K

Let’s remember who it was who called the Iraq war “a quagmire”, “unwinnable”, “immoral”, etc not to mention the ones who predicted doom for our soldiers when it came to invading Afghanistan as well as Iraq.

Those Pessimism Pimps in the media are now all sunny optimists because their boy is in the White House and they have to don rose-colored glasses to view everything their savior does.


8 posted on 04/09/2009 6:55:47 PM PDT by OrangeHoof (YES WE CAN have a Depression.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: IDRATHERNOT
Oh I don't know. How about: Climatechange Porn: Apocalyptic predictions of global warming draws eyeballs online.

Melting Glaciers, Drowning Polar Bears. Disappearing island nations.

People are logging onto the Internet to read all sorts of dire climate predictions: new killer heatwaves, droughts and starvation, riots, you name it. And with the hurricane season coming on, many have become addicted to apocalyptic news about the weather.

This sky-is-falling content online has the same sort of can't-look-away quality as a car crash or porn, for which Hinckley Buzzard has coined the term "climate-change porn."

One of the stars of this new genre is James Hansen, a NASA bureaucrat who's credited with predicting extreme hurricanes, heat waves, the drowning of coastal cities, the death of agriculture and, very early on, the sticky nasty weather in DC during Congressional hearings with the air conditioning off, for effect...

See how well it works when appropriately applied?

9 posted on 04/09/2009 7:01:29 PM PDT by hinckley buzzard
[ Post Reply | Private Reply | To 5 | View Replies]

To: DirtyHarryY2K

Hey - I was just checking on handguns available at two large midwest wholesalers.....THEY ARE OUT OF STOCK of almost EVERYTHING except long guns?!?! What?! Even some shotguns are in short supply. My local gun shop isn’t showing but two handgun models (well, I’m in CA -duh) Is it due to what you just mentioned?? Or is this a communist conspiracy?!? I stocked up on ammo a couple of years ago... I gotta bad feelin about this. Take care, KM


10 posted on 04/09/2009 7:07:41 PM PDT by kickme (...at the window watching...waiting for my NUKalert to start chirpin'....)
[ Post Reply | Private Reply | To 1 | View Replies]

To: kickme
FR keyword BLOAT (buy lots of ammo today) Firearms and ammo are in very short supply these days.


11 posted on 04/09/2009 7:15:35 PM PDT by DirtyHarryY2K (The Tree of Liberty is long overdue for its natural manure)
[ Post Reply | Private Reply | To 10 | View Replies]

Comment #12 Removed by Moderator

To: DirtyHarryY2K
If History repeats, as I believe it does, then we can expect Gold confiscation in the near future. It was confiscated in 1933, and again from overseas accounts in 1961 and 1963.
13 posted on 04/09/2009 8:12:56 PM PDT by Obamageddon (This will all end with show trials, tar, feathers, and piano wire!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Obamageddon

Don’t tell anyone where your stash is...


14 posted on 04/09/2009 8:16:23 PM PDT by DirtyHarryY2K (The Tree of Liberty is long overdue for its natural manure)
[ Post Reply | Private Reply | To 13 | View Replies]

To: DirtyHarryY2K
Didn't work that way in '33. The confiscation stopped all use of gold because there was a bounty on it's use. It made it useless unless you were willing to hold it for 40 years.

The rich stashed their gold in overseas accounts, until Eisenhower and Kennedy put a bounty on that too!

15 posted on 04/09/2009 8:22:51 PM PDT by Obamageddon (This will all end with show trials, tar, feathers, and piano wire!)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Obamageddon; DirtyHarryY2K
The confiscation stopped all use of gold because there was a bounty on it's use. It made it useless unless you were willing to hold it for 40 years.

It ain't gonna work that way this time around. A common viewpoint will be that the government itself is comprised of criminals - criminals with badges and guns, but criminals nonetheless.

16 posted on 04/09/2009 8:50:36 PM PDT by an amused spectator (Abdullah bin Abdul Aziz's lawn jockey doesn't speak Austrian)
[ Post Reply | Private Reply | To 15 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson