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Old 07-29-2013, 01:12 AM
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Default About To Hit The Wall?


Experts warn on coming recession

http://www.moneynews.com/MKTNews/Mas.../20/id/511043/
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Old 07-29-2013, 12:03 PM
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We've been in a recession since 2008. We're heading for a depression.
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Old 07-29-2013, 01:42 PM
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Just heading? By using 1930ís standards we are already in a depression but we are not to use the ďDĒ word cause it would upset the sheeple. But the reality is it is probably going to get worse.
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Old 07-29-2013, 02:28 PM
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Since when is Donald Trump an expert in anything other than being a doofus?
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Old 07-30-2013, 03:49 PM
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It all stacks up though. America is bust and head over heels in debt. Europe (bar the Germans) is bust and head over heels in debt. If they were businesses the banks would have foreclosed on them months ago.
'Quantitative easing' is inflationary.
And when you have influential people like this making such claims it has all the potential of becoming a self-fulfilling prophecy by people withdrawing their capital.
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Old 07-30-2013, 11:01 PM
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All true.............
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Old 07-31-2013, 09:12 AM
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Im suspicious. A bunch of rich people saying the answer is to take more from the middle class and give more to the rich. That's how the problem started in the first place.
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Old 07-31-2013, 02:12 PM
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Sort of. First the bankers loan you money that they create out of thin air. (fractional banking) You then are expected to pay back these loans, which were made with money that didnít exist, with money that you had to actually work to earn. Naturally if you fail the keep up with your loan payments they will foreclose and take over all your tangible assets. The same thing is true for government debits, it just take a little longer.

The system is set up in such a manor that in the long run these loans can never be paid back and the bankster wind up owing everything.
See isnít it fun being a banker? With enough time you can control the world.
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Old 08-02-2013, 06:25 AM
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And Donald Trump has been working the banking system for decades. He creates a real estate project, borrows money from the bank to build the buildings, and collects his money from investors. Then he files bankruptcy, gets to keep the money, and the investors are screwed and can't do anything but try to sue Trump. The banks let him do it over and over again because they get their money out of it too. The people who are screwed are the investors who lose their life savings to Trump and the banks. He belongs in a prison cell next to all the bankers.
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Old 08-06-2013, 04:03 PM
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OH, we're fvcked. I would love a depression, but what is coming is a hyperinflationary collapse.
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Old 08-06-2013, 07:52 PM
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Quote:
Originally Posted by saved1986 View Post
OH, we're fvcked. I would love a depression, but what is coming is a hyperinflationary collapse.

True dat..........


Walton's Mountain sounds much better than The Weimar Republic.
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