We are doomed
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  We are doomed
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Author Topic: We are doomed  (Read 1732 times)
RitaHeigl256
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« on: July 25, 2014, 05:23:50 AM »

America should prepare for financial ruin. The United States could soon become a large-scale Spain or Greece. The United States is no longer a rich country. When you’re not rich, you have to go out and borrow money. We’re borrowing from the Chinese and others. We’re up to $16 trillion in debt.
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Mechaman
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« Reply #1 on: July 25, 2014, 05:35:59 AM »

This message was scarier the first dozen or so times I heard it.

Where is that Great Economic Apocalypse that these "Economists" keep talking about every few months or so?  I thought we would be eating cardboard boxes and sleeping in the Mojave by now.
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bore
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« Reply #2 on: July 25, 2014, 06:00:38 AM »

The mods need to ban beet for making an obvious sock.
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Beet
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« Reply #3 on: July 25, 2014, 08:30:33 AM »

The mods need to ban beet for making an obvious sock.

Huh? My posts are based in fact. I cite experts, organizations, first-hand accounts, etc. This guy is just ranting. He has no authority.
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Person Man
Angry_Weasel
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« Reply #4 on: July 25, 2014, 11:42:49 AM »

There should be a sock day. I have all kinds of ideas for socks.
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bore
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« Reply #5 on: July 25, 2014, 12:04:32 PM »

The mods need to ban beet for making an obvious sock.

Huh? My posts are based in fact. I cite experts, organizations, first-hand accounts, etc. This guy is just ranting. He has no authority.

There is a private fraser feel in both of your posts.
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AggregateDemand
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« Reply #6 on: July 25, 2014, 01:47:26 PM »

Debt does not naturally lead to more borrowing and financial ruin. The system in place must waste the additional funds on counterproductive frivolity. Whether or not the US survives depends upon the resolve of the people to eliminate WFA.
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Person Man
Angry_Weasel
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« Reply #7 on: July 27, 2014, 04:20:55 PM »

This message was scarier the first dozen or so times I heard it.

Where is that Great Economic Apocalypse that these "Economists" keep talking about every few months or so?  I thought we would be eating cardboard boxes and sleeping in the Mojave by now.
Not sure. They probably were those same crazy people that predicted the crash of Rome or the crash in 1929 or the crash in 08. They are all nutjobs

Or that the world would end in 2012 or that gas would be $7 a gallon by now.

I honestly think inflation will probably pick as the economy becomes fully recovered by next year. Eventually, we will have a minor recession in 2017 and probably will have another slow recovery followed by some energy or insurance loan boom or overvaluation of some basic commodity wrapped in fraudulent instruments  in the early 2020s followed by another really nasty speculation-based crash thereafter.
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King
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« Reply #8 on: July 27, 2014, 04:38:21 PM »

This message was scarier the first dozen or so times I heard it.

Where is that Great Economic Apocalypse that these "Economists" keep talking about every few months or so?  I thought we would be eating cardboard boxes and sleeping in the Mojave by now.
Not sure. They probably were those same crazy people that predicted the crash of Rome or the crash in 1929 or the crash in 08. They are all nutjobs

And they get outweighed by the people who falsely predicted the crashes of 28, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48... 99, 00, 01, 02, 03, 04, 05, 06, 07, 09, 10, 11, 12, 13, 14

Predict something will happen every year and eventually you'll be right.
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