Skip to comments.
Economic Collapse in September?
321 Gold.com ^
| May 19th, 2008
Posted on 09/19/2008 3:59:48 PM PDT by Perdogg
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-60, 61-68 next last
1
posted on
09/19/2008 3:59:48 PM PDT
by
Perdogg
To: Perdogg
2
posted on
09/19/2008 4:01:57 PM PDT
by
#1CTYankee
(That's right, I have no proof. So what of it??)
To: Perdogg
What did you do today?
I got up and went to work.
So did virtually everyone else.
We have an economy of productivity.
We’re all working.
Some assets just lost their value.
Get over it.
We’ll be product, the paychecks will come, and we’ll spend them.
Some speculators lost lots of money. We taxpayers will unfortunately bail them out.
Big hit. We’ll keep on going.
Chill, have a beer, and go to work on Monday.
3
posted on
09/19/2008 4:02:15 PM PDT
by
Uncle Miltie
(Palin for President! (Who was that old fogey she was with?))
To: #1CTYankee; Quix
4
posted on
09/19/2008 4:02:25 PM PDT
by
Perdogg
(Sen Robert Byrd - Ex community organizer)
To: Perdogg
I’m going to guess that the only way to position oneself during this collapse is to buy gold, silver, and other metals.
Just guessing based on the source of the article’s site.
5
posted on
09/19/2008 4:02:39 PM PDT
by
perez24
(Dirty deeds, done dirt cheap.)
To: Perdogg
While I don’t believe the economy will collapse in September, I do think there will be fewer charges of ‘chicken little’ for those who do this time.
6
posted on
09/19/2008 4:02:39 PM PDT
by
skeeter
To: Uncle Miltie
I thought this was funny when I read it this summer.
7
posted on
09/19/2008 4:02:57 PM PDT
by
Perdogg
(Sen Robert Byrd - Ex community organizer)
To: skeeter
Look at the date of the article.
8
posted on
09/19/2008 4:03:37 PM PDT
by
Perdogg
(Sen Robert Byrd - Ex community organizer)
To: Perdogg
I do kind of like the ‘citizens moving against their elected officials’ piece of that scenario. Sign me up for that, I have a few in mind.
9
posted on
09/19/2008 4:04:51 PM PDT
by
raptor29
To: Perdogg
Well, the author’s thesis has already been partially vindicated.
10
posted on
09/19/2008 4:05:15 PM PDT
by
skeeter
To: Perdogg
"Its ironic though." It may be ironic but how much validity does a website named 321gold.com have?
11
posted on
09/19/2008 4:09:39 PM PDT
by
#1CTYankee
(That's right, I have no proof. So what of it??)
To: skeeter
The credit markets HAVE collapsed, no question about that. Unfortunately, some politicians and unelected Federal Reserve officials are intent on getting back to “business as usual” as soon as possible, with nearly all of the same people, companies (merged or acquired or bought out by taxpayers) and policies in place. These panicy treasury and fed moves you see are 95% to ensure the status quo remains and the money flow is unchanged.
12
posted on
09/19/2008 4:14:11 PM PDT
by
steve86
(Acerbic by nature, not nurture™)
To: Perdogg
The credit markets could possibly collapse 9much, much less likely after today’s action), and that would send us into a deep recession, but we’re not going to starve and die and live like Road Warrior. The single biggest danger (to invoke FDR) is giving in to panic and fear - and tripe like this seeks to foster such fear.
13
posted on
09/19/2008 4:16:00 PM PDT
by
PC99
To: Perdogg
Gold bugs declare that the modern economy is over every 15 minutes.
Eventually, one of them will get it a little right.
14
posted on
09/19/2008 4:28:53 PM PDT
by
Uncle Miltie
(Palin for President! (Who was that old fogey she was with?))
To: Uncle Miltie
We are still productive.
But we are hopping mad!
We never, ever would have accepted a gigantic tax increase to give money to poor people to buy houses.
Instead, Congress forced BANKS to lend money to deadbeats . . . who could not pay it back . . . and caused the collapse. . . . and we taxpayers will still end up paying for those houses.
Socialism by accident.
To: Perdogg
Your best investment is to pay off your debt. I don’t care what the market is doing. 10% on every dollar paid off of my Amex, 6% off my car, etc.... etc.
16
posted on
09/19/2008 4:34:32 PM PDT
by
Porterville
(Mac Truck)
To: steve86
THATS what I am most afraid of. The politicians and bureaucrats will refuse to address the root cause of this mess.
17
posted on
09/19/2008 4:37:33 PM PDT
by
skeeter
To: atomicweeder
You know, I rarely see anyone talking (so far) about the fact that Congress pressured banks to make home loans to people who should have never had home loans. I have also wondered if another piece of the puzzle was the fact that they could make the loan and then move it on to Fannie Mae etc? That way, they didn’t CARE if it had a chance in hades of being paid back.
susie
18
posted on
09/19/2008 4:38:36 PM PDT
by
brytlea
(Obama--Keep the change!)
To: Uncle Miltie
Eventually, one of them will get it a little right.*snicker*
19
posted on
09/19/2008 4:46:20 PM PDT
by
Alia
To: brytlea
You know, I rarely see anyone talking (so far) about the fact that Congress pressured banks to make home loans to people who should have never had home loans. I have also wondered if another piece of the puzzle was the fact that they could make the loan and then move it on to Fannie Mae etc? That way, they didnt CARE if it had a chance in hades of being paid back. susie
BINGO, hand that woman a kewpie doll!
Congress is guilty as sin for this. John McCain tried to put restraints back on Mortgages and Fannie and Freddie in 2005 and Congress refused to listen to him.
I think the Real Estate Companies and the original banks that gave the loans should have some kind of punishment placed upon them, too.
20
posted on
09/19/2008 4:46:54 PM PDT
by
HighlyOpinionated
(The Number of the Beast:"six hundred threescore six." Barack Hussein Obama can translate:"Lucifer.")
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-60, 61-68 next last
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.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson