[proxy_user]

What exactly would an ‘economic collapse’ be, and how would it occur? We still have all the farms, factories, mines, and offices, and all the people who work in them. They are real, and will continue to operate.

Now those bits on a chip, that come out on your bank statement every month, they may get into a bit of a tangle. But are we such wimps that we would allow our real physical wealth to be held hostage by a bunch of arbitrary digits?

[blam]

"What exactly would an ‘economic collapse’ be, and how would it occur? We still have all the farms, factories, mines, and offices, and all the people who work in them. They are real, and will continue to operate. "

Economic Collapse

There is no precise definition of an economic collapse. While some might consider a a severe, prolonged depression with high bankruptcy rates and high unemployment an economic collapse, others would additionally look for a breakdown in normal commerce, such as hyperinfalation, or even a sharp increase in the death rate and perhaps even a decline in population. Often economic collapse is accompanied by social chaos, civil unrest and sometimes a breakdown of law and order.

[Former Proud Canadian]

You ask how an economic collapse would manifest itself. Excellent question. Then you state that all the means of production are still in existence and seem to infer that life will go on as before. Well, yes and no.

The problem is that we are all tied together by those "bits on a chip". When MF Global went under many farmers were badly hit. They were using their MF Global accounts to hedge their production but far more importantly, they counted on being able to draw that money to finance their operations. When that money disappeared they couldn't buy seed, fertilizer, fuel, farm machinery, etc.

The same goes for factories and mines. If the banks close or the US$ is worthless domestically how do you pay your workers? How do people pay for your product? How do you pay for your supplies? How do you make money?

[LibLieSlayer]

When the Euro crashes or the EU collapses... and just looking at the present situation... I mean the only question is “when”? When that happens... well you know about the TARP funds funneled to EU banks... and we know that in the past two years... burnandyankme gave the EU banks 8 TRILLION dollars... in SECRET grants or loans at 0.010%... not a dime has been repaid... and add that to a devalued dollar and another 15.8 TRILLION in deficit spending... the result will become known as the Great Economic Collapse... and it will be world wide... we will never go away... but we will rebuild from the ground up... we have to.

LLS

[Matchett-PI]

"What exactly would an ‘economic collapse’ be, and how would it occur? We still have all the farms, factories, mines, and offices, and all the people who work in them. They are real, and will continue to operate. Now those bits on a chip, that come out on your bank statement every month, they may get into a bit of a tangle. But are we such wimps that we would allow our real physical wealth to be held hostage by a bunch of arbitrary digits?"

Looking FORWARD to 2012! HAPPY NEW YEAR, everyone!

December 28, 2011

America's Greatness Will Defeat Obama By William L. Gensert

bttt