How Close Are We to Economic Collapse?

Bolobaby ^ | 10/14/2010 | Bolobaby

[bolobaby]

The recent silver price action has me spooked. I've been telling friends and family that if silver breaks $24, that's a bad omen. I base this on the fact that the 30 year high was in the 23s and I expected silver to meet strong resistance just shy of $24.

In the earlier morning hours, silver nearly teased $25. It's fallen since then, but it *has* broken the $24 barrier with a fair amount of confidence.

So, given that, the prospect of QE2, the continued dollar drop, ridiculously low bond yields, etc, etc...

How close are we to economic collapse? Who wants to make a prediction?

[cherry]

the military will do his bidding...in the name of the “good of the country”......did you ever imagine that any general would ever serve under him?...I didn’t ...but look at the ones who have stayed on....makes you think...

[Frantzie]

I guess LTC Lakin thought that but the military courts are as corrupt as the rest of our courts.

13 more American soldiers died in Afghanistan today. The whole govt - Pentagon, DIA, CIA, NSA, etc is probably filled with Muslim Brotherhood moles leaking intel back on how to kill our troops. It amuses Obama’s boos the King of Saudi Arabia who is a significant shareholder in Fox News, CNN, Disney/ABC, GE - NBC, CNBC, MSNBC.

Also deals with Viacom/CBS and Bloomberg. This is all through his nephew. Why do the Saudis have investments and multibillion deals with ALL six US TV networks?

Keep watching and paying your cable bill. It makes Allah happy.

[Vaduz]

They may cancel the elections,the way Obama&CO, operates it could happen.

[Pete]

How close are we to economic collapse? Who wants to make a prediction?

Sounds like the folks at the National Inflation Association think it starts today. They released this article this morning.

America's Currency Crisis is Now Underway

[The Comedian]

The economic collapse is already in place. It exists across 95% of all sectors, but it's effects are being artificially delayed by new dynamics (like individual consumer credit cards), and government actions (like the disfiguring effects of Treasury/Fed incest).

In the absence of an obvious physical catastrophe (like a New Madrid quake, or a nuclear terrorist event), any of the existing crippled legs propping up the illusion of economy can buckle, and shatter the illusion literally at any moment.

My wager for today's most likely candidates are the complete elimination of a functioning mortgage and housing market due to "fauxclosure" failure, and a cascading default of municipal bonds and state government obligations.

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

[Frantzie]

No. Do a little research and reading. Get a little education beywond your GRE. Read a few books about the Saudis investments in all the TV networks. Read how they control DC> Be a man or waoman/American or a sheep.

TV gives the left/elites/Islam their power. 24x7 brainwashing since Cronkite and even earlier.

[Pete]

Here is what the head of the Asia department at the Chinese Academy of Social Sciences, a top government think tank,said today:

Without a weaker dollar, the United States would have no hope of meeting President Barack Obama’s goal to double exports in five years, Li said.

Dollar depreciation will also serve longer-term interests by generating inflation and easing the debt burden that the financial crisis dumped on the U.S. government.

“If the global financial crisis was about nationalizing private debt, then in the post-crisis period the urgent need of the United States is to internationalize its national debt,” he said.

[RobRoy]

$24?

Hmmmm....

http://bullion.nwtmint.com/silver_bags.php

[RobRoy]

Hunt bro’s.

[RobRoy]

Thanks for the list!

[RobRoy]

There are way too many gun owners. I think it was some head of state in China that said something along the lines of “In the US there is a gun under every blade of grass.”

Suspending elections would be a significant catalyst to answer the question inferred in this statement:

“America is at that awkward stage. It’s too late to work within the system, but too early to shoot the bastards.” — opening lines of 101 Things To Do ‘Til The Revolution by Claire Wolfe

[Phlap]

Going which way?

[Errant]

The manner in which you see it unraveling and the time frame for the collapse.

It will seem like long time to some, but everyone will be shocked when it happens. I hope I'm wrong and that we have much longer than six to twelve months. Or, maybe sooner depending upon the timing of a final anomaly that causes a chain reaction collapse.

[qam1]

Sundown, the next time the power goes out in one of our major cities is when the end (or beginning, depending on how you look at it) will happen.

[freekitty]

This is off topic but it made my day.

Shortest_holdup.wmv

[Digger]

As long as NCAA football and NFL season is not cancelled the clueless sheep will be happy. As long as they have TV they will be happy slaves.

Add a 12-pack or some cheap vodka then all is well.

[cherry]

I see a few guys shooting up the fed buildings and maybe killing a person or two...

then we would have a massive crackdown door to door confiscating guns via emergency orders of the prez and fema...

the American people are sheeple...we're not even Argentines....we can't even trounce out corrupt politicians without a staggering amount of money and a hope and a prayer....there are just too many entrenched idiots who will never change...

its up to the American Revolutionary 35% who actually fought the British ...at that time, 1/3 of the people were loyalists and 1/3 idiots who did nothing....

it just takes an active 1/3 to change a nation...hopefully, it'll be OUR 1/3.

[GOPJ]

We’ve never canceled elections before for economic reasons... why start now?

[Digger]

CPA and speaker Larry Burkett has been predicting a debt caused collapse since 1988. He won’t be around to see it though since he died in the late 90’s

He was only one of many. Every day we read that it's next month & it hasn't happened. Sure I'm worried & have partially prepared but only when it happens is when I want to spend my time dedicated to it. ( I go back to when ole Bubba was going to be impeached & any day he was going to resign)

[freekitty]

Maybe this is a better link:

http://www.youtube.com/watch?v=8e5LkMoM1SI