Webmaster Forum

Go Back   Webmaster Forum > The Webmaster Forums > Forum Lobby > Controversial Social Issues

Controversial Social Issues Discussions concerning controversial social issues. Topics include politics, religion, culture, social and economic issues, etc. Respect required at all times.


Reply
 
LinkBack Thread Tools Display Modes
Share |
  #1 (permalink)  
Old 07-21-2013, 12:56 PM
Contributing Member
Latest Blog:
None

 
Join Date: 08-15-06
Posts: 10,109
iTrader: 11 / 100%
2/3 of America to Lose Everything Because of This Crisis

Quote:
A record breaking stock market is distorting a frightening reality: The U.S. is being eaten alive by a horrific cancer that will ultimately destroy the economy and impoverish the vast majority of its citizens.

That's according to Peter Schiff, the best-selling author and CEO of Euro Pacific Capital, who delivered his harsh warning to investors in a recent interview on Fox Business.

"I think we are heading for a worse economic crisis than we had in 2007," Schiff said. "You're going to have a collapse in the dollar...a huge spike in interest rates... and our whole economy, which is built on the foundation of cheap money, is going to topple when you pull the rug out from under it."

Schiff says that, despite "phony" signs of an economic recovery, the cancer destroying America stems from a lethal concoction of our $16 trillion federal debt and the Fed's never ending money printing.

Currently, Bernanke and company is buying $1 trillion of Treasury and mortgage bonds a year. That's about $85 billion per month against a budget deficit that is about the same level.

According to Schiff, these numbers are unsustainable. And the Fed has no credible "exit strategy."

Eventually interest rates will rise... and when they do, Schiff says, stocks will tank and bonds dip to nothing. Massive new tax hikes will be imposed and programs and entitlements will be cut to the bone.

"The crisis is imminent," Schiff said. "I don't think Obama is going to finish his second term without the bottom dropping out. And stock market investors are oblivious to the problems."

"We're broke, Schiff added. "We owe trillions. Look at our budget deficit; look at the debt to GDP ratio, the unfunded liabilities. If we were in the Eurozone, they would kick us out."

Schiff points out that the market gains experienced recently, with the Dow first topping 14,000 on its way to setting record highs, are giving investors a false sense of security.

"It's not that the stock market is gaining value... it's that our money is losing value. And so if you have a debased currency... a devalued currency, the price of everything goes up. Stocks are no exception," he said.

"The Fed knows that the U.S. economy is not recovering," he noted. "It simply is being kept from collapse by artificially low interest rates and quantitative easing. As that support goes, the economy will implode."

A noted economist, Schiff has been a fierce critic of the Fed and its policies for years. And his warnings have proven to be prophetic.

In August 2006, when the Dow was hitting new highs nearly every day, Schiff said in an interview: "The United States is like the Titanic, and I'm here with the lifeboat trying to get people to leave the ship... I see a real financial crisis coming for the United States."

Just over a year later, the meltdown that became the Great Recession began, just as Schiff predicted.

He also predicted the subprime mortgage bubble burst, nearly a year before the real estate market fully crashed.

His recent warnings, however, have been even more alarming. Will they also prove to be true?

In his most recent book, "The Real Crash" How to Save Yourself and Your Country", Schiff writes that
when the "real crash" comes," it will be worse than the Great Depression.

Unemployment will skyrocket, credit will dry up, and worse, the dollar will collapse completely, "wiping out all savings and sending consumer prices into the stratosphere."
http://moneymorning.com/ob-article/s...rrency-war.php

When the federal reserve will raise the interests, many people think that the entire collapse will happen. So far the federal reserve raised the mortgage interests. It seems like some elites do nothing and wait for the economic collapse, what are your thoughts on this?
 
Reply With Quote

Advertisement

Advertisement

  #2 (permalink)  
Old 07-21-2013, 01:35 PM
gracemary's Avatar
Contributing Member
Latest Blog:
None

 
Join Date: 03-28-12
Posts: 145
iTrader: 0 / 0%
Its about time America elect an economist President, Lawyers creates Chaos?
 
Reply With Quote
  #3 (permalink)  
Old 07-21-2013, 02:20 PM
Contributing Member
Latest Blog:
None

 
Join Date: 08-15-06
Posts: 10,109
iTrader: 11 / 100%
Quote:
Originally Posted by gracemary View Post
Its about time America elect an economist President, Lawyers creates Chaos?
I don't know about that, I believe it is much more than just a president, it is about a system allowing some destructive business models and not protecting the people work force like they are supposed to do which put an enormous pressure.

It is possible that this stretch was too much and it is breaking a part now. I don't even know if it is possible to reverse the whole thing after going so deep.
__________________
"The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant."

Robespierre

Last edited by Franc Tireur; 07-21-2013 at 02:27 PM.
 
Reply With Quote
  #4 (permalink)  
Old 07-22-2013, 05:46 AM
Zap's Avatar
Zap Zap is offline
Super Moderator
Latest Blog:
None

 
Join Date: 01-15-06
Posts: 13,751
iTrader: 5 / 100%
The current system is far too beneficial to the Fed, the banks and the politicians.
It will not change unless it is changed from the outside.
The Fed benefits from controlling the currency.
The member banks benefit from the Fed's policies.
And the politicians benefit from all the "free money" the Fed prints, which allows them to buy votes.
 
Reply With Quote
  #5 (permalink)  
Old 07-22-2013, 07:23 AM
Contributing Member
Latest Blog:
None

 
Join Date: 08-15-06
Posts: 10,109
iTrader: 11 / 100%
Quote:
Originally Posted by Zap View Post
The current system is far too beneficial to the Fed, the banks and the politicians.
It will not change unless it is changed from the outside.
The Fed benefits from controlling the currency.
The member banks benefit from the Fed's policies.
And the politicians benefit from all the "free money" the Fed prints, which allows them to buy votes.
So, we can say that we are relevant when we are supporting Ron Paul? Of course! Ron Paul is one kind of politician having courage and energy to fight what oppress the people from raising in our society.

Some elites don't want us to be wealthy, or at least wealthier. They want us to stay in our conditions or class. People need to understand that it always have been a war class from time immemorial.

Too bad for them, the spirit and the philosophy of Ron Paul is still alive and will always be present.
__________________
"The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant."

Robespierre
 
Reply With Quote
  #6 (permalink)  
Old 07-22-2013, 07:55 AM
ScriptMan's Avatar
Super Moderator
 
Join Date: 02-10-07
Location: Central Kentucky
Posts: 13,127
iTrader: 4 / 100%
This post is not directed at anyone in particular. It is along the lines of if the shoe fits, wear it.

Class warfare is not a one way street. The simple truth is that if many of "oppressed" spent the the time they use for complaining in a positive productive manner, they would no longer be "oppressed".

"Poor people generally have poor ways", author unknown.
__________________
I do not put ads or pop-ups in my posts and I have no control of what shows there. I do not endorse any product displayed in my post.
Scriptman's Playhouse || Ramblings from an old man
 
Reply With Quote
  #7 (permalink)  
Old 07-22-2013, 08:51 AM
Contributing Member
Latest Blog:
None

 
Join Date: 08-15-06
Posts: 10,109
iTrader: 11 / 100%
Quote:
Originally Posted by ScriptMan View Post
This post is not directed at anyone in particular. It is along the lines of if the shoe fits, wear it.

Class warfare is not a one way street. The simple truth is that if many of "oppressed" spent the the time they use for complaining in a positive productive manner, they would no longer be "oppressed".

"Poor people generally have poor ways", author unknown.
I disagree with your ideas that positive productive manner. I can see that you are not in the actual market labor or you didn't work recently in a multi national corporation.

The way that positive productive manner is finish! I repeat, it is finish and even if that still exist in small business operation, it will be unsustainable in this kind of economy anyway.

You have to understand that we are in a dumping international market, everyday you can see that authorities are saturated by anti-dumping complaints by differents emmerging countries that do not respect the trade agreements.

You can look up in search engines by this keyphrase "unfairly traded products" and you will see.
__________________
"The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant."

Robespierre
 
Reply With Quote
  #8 (permalink)  
Old 07-28-2013, 12:51 PM
Contributing Member
Latest Blog:
Special Offer

 
Join Date: 05-20-05
Posts: 452
iTrader: 0 / 0%
A huge collapse in the dollar would make American goods and labor more valuable to the rest of the World. That could have some nice benefits such as a more consumer driven economy here at home. We wouldn't be able to afford goods that corporations are pimping from overseas.

I personally believe the powers that be would prefer to continue keeping the dollar elevated as there is still wealth left with our middle class that can be harnessed to boost corporate profits. They want the middle class to keep spending as much as possible while the profits from that spending are concentrated at the top.
__________________
Better Than Google - Not the only game in town!
Google PageRank Hacked
 
Reply With Quote
  #9 (permalink)  
Old 07-28-2013, 04:13 PM
Contributing Member
Latest Blog:
None

 
Join Date: 08-15-06
Posts: 10,109
iTrader: 11 / 100%
Quote:
Originally Posted by dvduval View Post
A huge collapse in the dollar would make American goods and labor more valuable to the rest of the World. That could have some nice benefits such as a more consumer driven economy here at home. We wouldn't be able to afford goods that corporations are pimping from overseas.

I personally believe the powers that be would prefer to continue keeping the dollar elevated as there is still wealth left with our middle class that can be harnessed to boost corporate profits. They want the middle class to keep spending as much as possible while the profits from that spending are concentrated at the top.
I suggest you to read these two articles below, and believe me nobody want this happen.

7 Economic Consequences of a Dollar Collapse
http://ftmdaily.com/currency-wars/7-...llar-collapse/


US Dollar Collapse? Here Are 9 Ways It Could Happen
http://www.economicreason.com/usdoll...-could-happen/
__________________
"The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant."

Robespierre
 
Reply With Quote
  #10 (permalink)  
Old 07-29-2013, 01:37 PM
Cricket's Avatar
No Longer Active
Latest Blog:
None

 
Join Date: 10-13-03
Location: Texas
Posts: 42,181
iTrader: 0 / 0%
The media love to make it sound like the sky is falling every chance they get. It's what makes headlines.

I can spend my life running around like a chicken with my head cut off and screaming that the sky is falling or I can LIVE my life and control the things that I am able to control.

I know a lot of people having their best year in business. Thank goodness they didn't listen to everyone saying it can't be done.
 
Reply With Quote
  #11 (permalink)  
Old 07-29-2013, 01:43 PM
Cricket's Avatar
No Longer Active
Latest Blog:
None

 
Join Date: 10-13-03
Location: Texas
Posts: 42,181
iTrader: 0 / 0%
Quote:
“It's not what you look at that matters, it's what you see.” Henry David Thoreau
It is amazing how our own beliefs become part of how we perceive things. If we BELIEVE the sky is falling we can look around and see a thousand reason why we are right. If we believe there is GOOD in the world and we CAN make good things happen in our life we begin finding a thousand reason why it can be done.

Rant: Is “Lack of Jobs” Really The Problem?
http://www.blogmarketingacademy.com/lack-of-jobs/
 
Reply With Quote
  #12 (permalink)  
Old 07-29-2013, 02:53 PM
Contributing Member
Latest Blog:
None

 
Join Date: 08-15-06
Posts: 10,109
iTrader: 11 / 100%
Quote:
Originally Posted by Cricket View Post
It is amazing how our own beliefs become part of how we perceive things.
People only see what they want to see. Have you heard about the powerful technique of mind control? That's why the system is so successful at keeping people a sleep. It is about choice.

[YT]te6qG4yn-Ps[/YT]
__________________
"The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant."

Robespierre
 
Reply With Quote
  #13 (permalink)  
Old 07-29-2013, 03:39 PM
ScriptMan's Avatar
Super Moderator
 
Join Date: 02-10-07
Location: Central Kentucky
Posts: 13,127
iTrader: 4 / 100%
Quote:
Originally Posted by Franc Tireur View Post
I suggest you to read these two articles below, and believe me nobody want this happen.

7 Economic Consequences of a Dollar Collapse
http://ftmdaily.com/currency-wars/7-...llar-collapse/


US Dollar Collapse? Here Are 9 Ways It Could Happen
http://www.economicreason.com/usdoll...-could-happen/
Yep. People like that have predicted 9 of the last 4 recessions. That is not a typo. 9 of the last 4.
__________________
I do not put ads or pop-ups in my posts and I have no control of what shows there. I do not endorse any product displayed in my post.
Scriptman's Playhouse || Ramblings from an old man
 
Reply With Quote
  #14 (permalink)  
Old 07-29-2013, 04:14 PM
Contributing Member
Latest Blog:
None

 
Join Date: 08-15-06
Posts: 10,109
iTrader: 11 / 100%
Quote:
Originally Posted by ScriptMan View Post
Yep. People like that have predicted 9 of the last 4 recessions. That is not a typo. 9 of the last 4.
Don't you think that more and more people are paying more attention now than before?
__________________
"The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant."

Robespierre
 
Reply With Quote
Go Back   Webmaster Forum > The Webmaster Forums > Forum Lobby > Controversial Social Issues

Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Culture crisis or heath care crisis in America. ScriptMan Controversial Social Issues 25 11-15-2011 10:29 AM
Economic Crisis. What Crisis? Profits Soar! Franc Tireur Controversial Social Issues 0 08-15-2010 02:08 PM
keywords in anchor text removed - and links that you lose - lose seo from it? imadam SEO Forum 0 01-04-2010 07:56 AM


V7N Network
Get exposure! V7N I Love Photography V7N SEO Blog V7N Directory


All times are GMT -7. The time now is 03:07 PM.
Powered by vBulletin
Copyright 2000-2014 Jelsoft Enterprises Limited.
Copyright © 2003 - 2014 Escalate Media




Search Engine Optimization by vBSEO 3.6.0 RC 2 ©2011, Crawlability, Inc.