the coming financial nuclear bomb
 

the pundits look back & say we averted disaster in 2008. but look at the big picture.

the US debt has spiraled out of control. Wall street has returned to business as usual, gouging their customers & foreclosing on homeowners they sold junk mortgages to. Democrats in congress & the white house don't even try to balance the budget. they want to spend even more then they spend now.

Our economy has become dysfunctional, funneling most of the wealth into the hands of megacorporations. government is bogged down by money, lobbyists & can no longer pass reforms to fix the system.

the only reason this house of cards stands is because china buys our debt. That is not going to last forever. they will eventually realize our economy can no longer grow because they took all our jobs. then they will stop buying US debt.

This will cause a crisis in washington as the US government can no longer pay its bills. The governments financial collapse will precitipate the first bank run in 80 years as the government can no longer guarantee cash in the bank. When 300 million americans try to withdraw all their money at once, blood will spill on the streets.

Buy gold, oil & arms. Keep your cash out of the bank system. Gold will protect your equity. Oil will secure your retirement; it is running dry, but the world is not shifting to the next alternative. & arms will protect you from the mobs who cant find work & cant buy food because their bank disappeared.

think i'm wrong? keep watching the price of gold.

:2 cents:

I don't know much. But I know US has a lot of debt, and it's way too much.

sounds cool man.

spot on man

can't eat gold. thinking of gold as something that will withstand an economic collapse is foolish. think more along the lines of a yard full of car parts or a warehouse full of seeds if things get than bad. mediums of exchange will be minimized if they exist at all.

Right on the money. :thumbsup

I'm preparing all I can. The proverbial shit is going to hit the fan soon!

I'd like to get into some more gold, but the price just seems WAY too high at this point - even though it's dropped a bit recently. Kind of reminds me of 05 real estate :1orglaugh 'cept I don't see the bottom falling out completely.

Waiting for it to get back down to 700 again and see how things are looking.

Look on the bright side, we elected a black man as President and we can all feel less guilty.

If it gets so bad that you need a gun to defend yourself against the mob, gold will do you no good.

And look what the black man is doing to our country!

do you actually know how much gold the usa owns? Its less then 1% of there debts. You are buying paper.

Why did you mention the Democrats in there.

You do realize that a Republican president, house, and senate turned a budget surplus into this huge debt in just 8 years. A Republican president also bailed out the banks and the auto industry.

But yeah, buy your guns and show up at all the town hall meetings because the Democrats are ruining America.

http://goldmoney.com

Great way to take "physical" delivery of your gold.

Incidently, some analysts expect a short term correction in gold on the downside. Faber reckons maybe as low as $920.

http://www.bloomberg.com/avp/avp.htm...zKu4UW7I8M.asf

The dollar will take a big slump. There is no way the US could pump so much money into the system without their currency depreciating.
It will be bad times for European webmasters. Many of them will drop out or have to get a mainstream job.

I sold most of my gold when it spiked recently at over $1000. It's not going to do much good if the shit hits the fan.

Seeds, guns, ammo and medicine. This is what people will need/want if it all falls apart.

^Definitely the smartest guy on GFY as of now and definitely what I've been saying for the past year. We are a deficit spending economy which doesn't create any real wealth. If we hit hyperinflation I imagine gold is going to go to around 2000-1000 an ounce. Right now it's going to keep rising. Put money in gold, silver, oil, agriculture, and foreign electric companies. Get out of the US dollar.

You do realize that it was Clinton that removed loan caps from banks to begin this financial crisis right? You do realize that Obama, in 6 months, has done more bailouts than Bush did in his 8 years right? You do realize that Obama's projected budget deficit will exceed anything we've ever seen in America, right? Democrats shouldn't be running our economic systems with their leftist keynesian bullshit.

The only way for a country to collect debt is with battle ships. Think about it.

I was talking about this last night.. its not like you will walk to the corner store with a bar of gold and give two shavings to the guy for bread.

This collaspe has the makings of a CONSPIRACY

False Flag Financial Collaspe aka INSIDE JOB

Israel must be loving this, especially the illuminati

Looks like the American dream has gone up in smoke

New World Order is coming possibly.

You don't stop the Gov, WW3 will happen.

:thumbsup:thumbsup

You forgot to mention precious gems too. Also, be sure to stock up on ammo, gun powder and reloading equipment. The shit will eventually hit the fan and it doesn't hurt to be prepared.....:2 cents:

PLEASE pass what you're smoking. I have to sincerely believe that you're under the influence of something other than stupid.

Blame Clinton... even though Reagan is the responsible one. You need to backup like 20 years to find the man responsible.

You may want to educate yourself too. You're paying off Republican debts, not Obama..

http://www.propublica.org/special/government-bailouts

The republicans are responsible for more bailouts, have bailed more people out, spent more money bailing out out, than Obama has or ever will.


Why is it a problem, that Obama is bailing people out, yet... when Bush did it, you people weren't screaming? After all, most of what you people are bitching about, Bush is the one that actually did it.

PornoStar69 is not a real person.... it is not possible for someone so brain damaged to use a computer. It is just a malfunctioning bot (almost certainly placed here by the Zionists to try and marginalize the people who know the awful "truth" about the ZOG). :2 cents:

Yes, because what clinton did and Regan did were the exact same things. Hilarious how little people understand economics.

Considering Clinton created the financial crisis with the banks and the real estate bubble and Obama is over a trillion dollars in debt while being in power for under a year, I'm going to go with "no".


Which is 100% inaccurate.
http://pal2pal.com/BLOGEE/images/uploads/odefchart.gif
Here's a simple comparison of George W. and Obama. Please educate yourself.


I wasn't screaming? That's hilarious. Another democrat without the ability of being objective. I was screaming just as much, and then Obama, predictably, took it to another level. Gotta love your logic though. Let's not blame the people who are actually responsible, lets blame someone else!

Hehe, and Clinton did it ALLLLL by himself.. no other removeal of regulations allowed this to happen. Anyway, shouldn't you blame Bush? It's no different than blaming Obama today.


Read again... The bailouts you're bitching about, came from Bush and went out under Obama.. Those are BUSH bailouts, not Obama.

http://www.propublica.org/special/government-bailouts



That's what you're doing when you blame Obama, your blaming the person not responsible. I'm not saying Obama hasn't done bailouts, but to think 'what you see today' is ALL Obama, is really fucking stupid.

I blame Bush as well.




And once again, what are you NOT understanding? Obama is providing the bailouts to AIG, to banks due to bank failures, NOT Bush. Obama is going to increase the budget deficit by 9 trillion dollars, NOT Bush.





Actually no, I blame Bush for his own mistakes. Obama started making his the minute he stepped into office.. And yes, Obama IS really fucking stupid, sorry to break it to you. But I definitely am familiar with the liberal mentality. If Obama succeeds, it's because he's badass. If Obama fails, it's because Bush made things too difficult for Obama to work with.

AIG, BOA, The banks, etc.. that was BUSH..

2008 <--- On four separate occasions, the government has offered aid to AIG to keep it from collapsing, rising from an initial $85 billion credit line from the Federal Reserve to a combined $180 billion effort between the Treasury ($70 billion) and Fed ($110 billion). ($40 billion of the Treasury’s commitment is also included in the TARP total.)

The auto industry, home loans, citigroup, boa, fanni may/mac, ALL BUSH Bailouts..



"IF" Obama was Liberal (which he is far from) I would extremely support him. Liberalism is the belief in the importance of individual freedom.

Without question, I support the idea.... and without question, Obama isn't a Liberal. But if he was, he would be aligned with more people and with our constitution.

Unbelievable. There's not much to say here rofl. Someone hasn't been following politics or economics the past 8 months.





Ahhhh ignorance at its finest. What you fail to realize that classical liberalism, the ideals this country was founded upon, almost completely resembles modern conservatism. Modern liberalism, invented in the 60s, is nothing more than a perversion of the original intent. So to refute your nonsense, no, if Obama was conservative, he would be aligned with more people and with our constitution, but he most certainly is not conservative. He is a liberal who continues Bush's policies because he doesn't know what to do.

So someone posts proof to you, and this is the answer you respond with?

You're nothing more than an Obama hater, simple as that. You get shown proof and you still can't buy it.

You can pretend that you hated on Bush... but we can see that you don't after the proof is basically laid in front of you.


The only match real liberals that started this Country have with Conservatives today, is blind faith religion, morals - that they force onto others.

Conservatives today are scum, a minority, thank god.. most of which couldn't tell you the first line of the constitution. They are dying because they inject personal feelings (religion, abortion, etc) into MY life. They do not represent our Country or it's MAJORITY people, at all.

Why do we have to have this ridiculous argument over semantics all the time? Political labels are fairly meaningless. What is meant by "liberal" in the US (big government, regulation of the economy and high taxes) is the exact opposite of what the term means in the rest of the world.

Obama is what is called a "Social Democrat or "Socialist" in Europe while people who believe in small government and free markets are called "Liberals". The labels are not important........ the policies that the politicians and parties stand for are the issue.... not the fucking label.

If people "conservatives" think Liberals = Big Gov ... then we can see what the problem is right from the start. The entire world gets it, but them.

Obama is a Social Democrat, correct...


To me, I don't care what you are.. truly, I don't vote for you because of your label.

My entire point of posting was to show that Obama, was not the person directly responsible for the bailouts, for the debt, for the current state of our Country, that was handed to him.

The typical incompetent liberal response. When faced with no argument or rebuttal, he responds with "you just hate....". Unfortunately it was Obama who bailed out the Auto Industry, the Banks, AIG, and countless others, and it is Obama whose budget deficit will make Bush's look like chump change. This just reinforces my idea that liberals are stupid.




Except not. Classical Liberalism-Modern conservatism
Modern Liberalism-complete joke

Ah yes, the modern liberals aren't scumbags with their relativism ideologies and blaming society instead of taking personal responsibility. Yes, liberals are not idiots who would rather hold vigils for murderers who are getting executed, rather than for the victims. Sorry to break it to you but Liberals are and always have been the joke of America, and they are the complete minority. Conservatives will always represent the majority in this country.. Your logic is hilarious though considering:

1. Same sex marriage is banned in 95% of America
2. Gun licenses are available almost everywhere
3. The Death penalty is allowed in the majority of US States.
But yes, the Conservatives are the minority ROFL..Way to prove liberals are morons who shouldn't be trusted to handle a paper bag.

Except this clown claims to be a liberal and then claims to be in favor of individual freedom, being completely ignorant of the concept of modern liberalism(big government), versus conservatism(small government, private sector).

And nobody said he was. Your continual lack of reading comprehension skills makes you look retarded. But if we're going to argue who has done more damage, republicans or democrats, conservatives or liberals, i'll be happy to get into that war with you knowing the conclusion.

And the entire point was proving that Obama is incapable of running a country especially with his lack of economic knowledge, and that blind liberals like you would use double standards in judging Obama(great if he succeeds, Bush's fault if he doesn't).

i failed to mention the 800 pound gorilla in the US deficit - health care. its slowly killing our economy, driving up costs for both business & governments. the cause of this is very complex, & the solutions are very political.

But IMO the health care reform will be the keystone as to whether the US can get its budget under control. If the government cannot pass reforms that destroy the harmful impacts of tort & corporate profiteering on the system, the bomb will go off sometime in the next decade. if you believe the mayans, 2012 sounds like a good point in time.

i personally do not see congress having the gumption to do what it takes to bend the curve. I hope im wrong. A key indicator will be the price of the stocks of health insurance & big pharma stocks. Whats good for them is bad for the country, & vice versa.

last, i pray that bin laden does not get the bomb, & that obama does not get assassinated. either of these occurances will surely hasten the slow death of the american dream, strangled by special interests & megacorporations run with a gordon gekko ethos.

:2 cents:

You look rather stupid at this point..

Proof has been posted, the dates can be posted... you can look it up. AIG, the banks, the auto Industry - Was ALL done while Bush was president.

The BoA Bailout came 'through' under Obama - But that was left over TARP money from Bush.

Truly at this point, you look fucking stupid.


I really don't care... it makes no difference. Bush still did the bailouts.


Ok... I support gays being together, I don't support marriage. Not because of "God" which is why Conservatives don't support it. I'm not injecting my "feelings" into this. But because I think the system has enough strain, but I welcome them once it's cleared up.


Yeah? Ok...

Again, so?

Moron... Supporting rights to gay marriage, guns, death penalty, that isn't want makes you liberal or conservative. Or buy your list I would be conservative, and I'm not.

They are an EXTREME Minority... once you stepped on the Church, you lost your "moral majority"...

Exactly.

? What do our opponents mean when they apply to us the label 'Liberal'? If by 'Liberal' they mean, as they want people to believe, someone who is soft in his policies abroad, who is against local government, and who is unconcerned with the taxpayer?s dollar, then the record of this party and its members demonstrate that we are not that kind of 'Liberal'. But if by a 'Liberal' they mean someone who looks ahead and not behind, someone who welcomes new ideas without rigid reactions, someone who cares about the welfare of the people ? their health, their housing, their schools, their jobs, their civil rights, and their civil liberties ? someone who believes we can break through the stalemate and suspicions that grip us in our policies abroad, if that is what they mean by a 'Liberal', then I?m proud to say I?m a 'Liberal'. " ~ John F. Kennedy

Hey Demon,
Clearly you have been stuck to Fox news for the past 8 months.

Why don't you go ahead, and list, each bailout and the DATE it was started & set into action as well, just to spice it up.

I just want text with the source, no graphic images that skew the facts. That's tricks Fox news use to confuse the sheep, so I want you to look past pretty charts.

With All that media coverage you have, you should be able to research this and prove me wrong in like 10 fox minutes.


Or do we get another post that I'm a Liberal and being a liberal, I have no idea about anything....?

If anyone is interested in the national debt and how it got to the point it is, you must check out this movie. I watched the full version and it is stunning, scary stuff.

http://www.iousathemovie.com/

Once again, amen dude. And I don't think Obama's retarded healthcare plan is going to pass. Not at the cost of economic collapse.

So I called the liberal out for being stupid, and his response is "no ur stupid!!" Point proven.

Proof has been posted, the dates can be posted... you can look it up. AIG, the banks, the auto Industry - Was ALL done while Bush was president.

Right, and the point was that OBAMA bailed them out, which was what I was saying. You embarrassed yourself by trying to go on the defensive.


Another liberal who's a walking contradiction.




ROFL. So you support civil unions but not marriage? Good lord, where do you draw the line and why?




Actually dumbass, those are liberal/conserative beliefs. Once again, your ignorance is obvious. Liberals are a minority. You lose.

I've seen it, read the book, it's very interesting stuff.

Ah yes, I was waiting on the incompetent liberal to claim that I've been stuck on Fox News. In that case let me use your logic. "I see you've been stuck on CNN". Let me guess, "CNN ISNT BIASED!!"

Ah yes, FOX confuses the sheep, but CNN tells it like it is. Fox creates pretty charts(which is concrete evidence), while CNN tells it like it is. Could you be any more retarded?

No, you have no idea what you're talking because you are dumb. You just happen to be a liberal to prove my point.
Obama bailed out AIG, Obama bailed out the auto industry, Obama bailed out the banks. Your only response is "NO LOL IT WAS BUSH'S FAULT!!"

Here we go again... You not actually posting anything but spew.


If Bushed signed them, Obama didn't bail them out.. Damn, you're thick.

Because you like to repeat yourself, again with no proof.. I will post it, again for you.

http://www.propublica.org/special/government-bailouts



So a conservative doesn't support people choosing to live together?

Why would I care who lives together? If I'm right or left?

Living together and marriage are very different.


You're so fucked in the head... It makes no difference if my "people" views are liberal and my Gov views are Conservative.. I align with at least a little, with every party.


What does any of that have to do with Bush doing almost ALL of the bailouts?

Democrats and Republicans are almost the same thing these days, they're all owned by Corporations and Lobbyists. It's 'Good Cop/Bad Cop' becuase they're all on the same team. It's one big joke/scam.

As for Liberals vs. Conservatives: Let's try and be decent PEOPLE and stop pointing fingers at our fellow Americans, saying 'YOU'RE wrong!" "No, YOU'RE wrong!". OK? That's EXACTLY what the people in power want: us squabbling amongst ourselves while they fuck everything up.

Get smart people, and save every penny and stop buying useless shit at Walmart.

Peace.

Cool, I watch CNN now? I don't even get CNN, but I watch it?

Hell, I don't even need to watch the news to prove you wrong, that's sad.



Dang, you can't stop from lying can you?

Here's to proving you wrong, again..

http://www.propublica.org/special/government-bailouts

http://www.thenation.com/doc/20081013/hayden2
What did Bush sign exactly?
http://www.nytimes.com/2008/11/11/wo....17704414.html
Who asked WHO for the bailouts?
http://www.commondreams.org/headline/2009/09/14
http://patterico.com/2008/09/15/obam...11-bankruptcy/

Too easy





Conservatives don't support gay marriage. Nice try though.




ROFL. Now it's almost all? Which one is it moron? You're one incompetent human being.