1. Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

The coming economic collapse

Discussion in 'Political Debate & Discussion' started by carpro, Apr 9, 2015.

Top Posters
  1. carpro

    carpro Well-Known Member
    Site Supporter

    Joined:
    Oct 14, 2004
    Messages:
    25,823
    Likes Received:
    1,167
    Faith:
    Baptist
    http://research.economyandmarkets.com/X195R363/



    Former Reagan Budget Director Warns 'ALL **** TO BREAK LOOSE'

    Investigative Report from Dent Research



    Not missing a beat, Stockman adds, “No central bank has ever printed this much money this long, kept interest rates at zero, and fueled so much speculation . . . they’ve painted themselves in a corner, they’re playing it day by day, and they’re going to make a HUGE mistake!”

    Stockman’s controversial statement is causing an uproar from Wall Street and politicians on both sides of the aisle.

    Convinced that the entire “economic recovery” is fake . . . that it has merely been propped up by reckless money printing, interest rate cuts, and bailouts for Wall Street . . . Stockman is urging average Americans to prepare for an unstoppable economic collapse.
     
    #1 carpro, Apr 9, 2015
  2. InTheLight

    InTheLight Well-Known Member
    Site Supporter

    Joined:
    Dec 17, 2010
    Messages:
    24,988
    Likes Received:
    2,268
    Faith:
    Baptist
    This is a year old. Stockman is trying to sell his book. Where is the crisis?
     
    #2 InTheLight, Apr 9, 2015
  3. kyredneck

    kyredneck Well-Known Member
    Site Supporter

    Joined:
    Jul 28, 2009
    Messages:
    19,611
    Likes Received:
    2,896
    Faith:
    Baptist
    Have you looked at the debt clock lately?

    There's going to be a reckoning some day.
     
    #3 kyredneck, Apr 9, 2015
  4. Crabtownboy

    Crabtownboy Well-Known Member
    Site Supporter

    Joined:
    Feb 12, 2008
    Messages:
    18,441
    Likes Received:
    259
    Faith:
    Baptist
    I have been hearing this ever since I was a kid. Seriously, that is a fact.
     
    #4 Crabtownboy, Apr 9, 2015
  5. carpro

    carpro Well-Known Member
    Site Supporter

    Joined:
    Oct 14, 2004
    Messages:
    25,823
    Likes Received:
    1,167
    Faith:
    Baptist
    Does that mean it's not worth a listen?

    We all know what he says is true, that the economy has been propped up by artificially low interest rates, the government printing press, and bailouts.

    There has to be a day of reckoning. Somebody should be sounding the warning. Stockman is not the only one that is doing so.
     
    #5 carpro, Apr 9, 2015
  6. SolaSaint

    SolaSaint Well-Known Member

    Joined:
    Nov 27, 2009
    Messages:
    2,834
    Likes Received:
    29
    Although I haven't heard this since I was a kid, I have heard it for a long time now. It is almost like the boy who cried wolf, but I do think we will come to a breaking point someday.
     
    #6 SolaSaint, Apr 9, 2015
  7. InTheLight

    InTheLight Well-Known Member
    Site Supporter

    Joined:
    Dec 17, 2010
    Messages:
    24,988
    Likes Received:
    2,268
    Faith:
    Baptist
    Sure, I like David Stockman.

    "Propped up"? More like being aided by these things. Corporations are generally profitable. Earnings drive the economy and Wall Street. Earnings have been good.

    As to interest rates, yes they are low, but banks aren't making a lot of loans. Generally speaking businesses have cash in the bank they don't need to borrow money.

    Yes, there have been bears predicting doom for the past 5 years or so. Too bad they've missed out on one of the nicest runups in the stock market history.

    I am very surprised that there hasn't been a correction in a long time. One of these days there will be a 7% - 10% decline in the market. But a "day of reckoning", like a 20% - 30% drop in the market? I don't see it any time soon.
     
    #7 InTheLight, Apr 9, 2015
  8. carpro

    carpro Well-Known Member
    Site Supporter

    Joined:
    Oct 14, 2004
    Messages:
    25,823
    Likes Received:
    1,167
    Faith:
    Baptist
    And it happened in 2008. The next one will be worse.

    If we had a real recovery from the 2008 collapse, we wouldn't be hearing these particular warnings.

    The Obama administration and it's economic advisors are all lying. It's not only a jobless "recovery", wages have hardly increased at all in the last 7 years. Meanwhile the printing presses keep hummimg and subprime mortgage lending is again on the rise, courtesy of the governments prodding. Repeating mistakes of the past. they learned nothing.

    It simply can't go on forever.

    There are only 2 questions...When and How bad? Experts say much worse than the last one.
     
    #8 carpro, Apr 9, 2015
  9. carpro

    carpro Well-Known Member
    Site Supporter

    Joined:
    Oct 14, 2004
    Messages:
    25,823
    Likes Received:
    1,167
    Faith:
    Baptist
    http://www.newsmax.com/Finance/MKTNews/Massive-wealth-destruction-economy/2013/06/20/id/511043/

    Economists Caution: Prepare for 'Massive Wealth Destruction'


     
    #9 carpro, Apr 10, 2015
  10. poncho

    poncho Well-Known Member

    Joined:
    Mar 30, 2004
    Messages:
    19,657
    Likes Received:
    128
    One Last Look At The Real Economy Before It Implodes - Part 1

    The Baltic Dry Index has been a steadfast indicator of the REAL economy for many years. While most other indexes and measures of fiscal health are subject to direct or indirect manipulation, the BDI has no money flowing through it and, thus, offers a more honest reflection of the world around us. In the past two months, the index measuring shipping rates and international demand for raw goods has hit all-time historical lows, plummeting 57 percent over the course of the past 12 months and 30 percent for the year to date.

    http://www.alt-market.com/articles/2528-one-last-look-at-the-real-economy-before-it-implodes-part-1

    Woo Hoo the stock market is doing great!
     
    #10 poncho, Apr 10, 2015
  11. Crabtownboy

    Crabtownboy Well-Known Member
    Site Supporter

    Joined:
    Feb 12, 2008
    Messages:
    18,441
    Likes Received:
    259
    Faith:
    Baptist
    Oh it has happened several times in my lifetime. The worst was Bush's disaster that Obama haters try to blame him for.

    Remember the Dot.Com bust?

    Remember the falling out of bed back around 1990?


    I took hits on all those. As I said the worst was Bush's disaster. The 1990 hurt, but recovery was relatively fast. The Dot.Com affected me the least.

    If the next one is worst it will be because a Republican is elected in 2016 and he destroys the momentum we are experiencing now.

    I am in the stage of life where I am protecting what I have.
     
    #11 Crabtownboy, Apr 10, 2015
  12. carpro

    carpro Well-Known Member
    Site Supporter

    Joined:
    Oct 14, 2004
    Messages:
    25,823
    Likes Received:
    1,167
    Faith:
    Baptist
    Red herring.

    2008 wasn't Obama's fault. I don't know anyone that says it was.

    But his dunderheaded economic policies since then have killed any chance of a robust recovery. And he's sowing the seeds for the next collapse as he lies about the state of our economy now.

    Only a Kool-aide drinker like you believes a word that comes out of his lying mouth.
     
    #12 carpro, Apr 10, 2015
(You must log in or sign up to post here.)
Loading...