it really is game over, science fiction becomes fact

Those many at ET that know little or no success in trading are willing to invest faith in the notion of a grand breakdown, a financial collapse like no other before or some form of uncontrollable meltdown. You can choose the words.

Short answer: ain't going to happen.

The current so-called Great Recession has been and is being broadly dealt with by the financial measures of the Fed & Govt first ending the initial crisis and now slowly bringing in recovery. The key issue that had to be won was restoring confidence. Broadly this has been achieved.

Success is about what works and how it works. For those without the prospect of substantial success, they seek belief in how things don't work and by extrapolation how the order of things around them will stop working and break down completely.
:)
 
My main interest in the shifting of society models as I believe we are witnessing today is catching that short window of opportunity where huge profits are to be made for those who positioned themselves correctly before the transition begins.

Worrying about the possible negative outcomes of any scenario out there I have given up as well having come to the conclusion these are forces of nature at work here against which individuals have no leverage.

I know some believe it are international bankers and elitists behind the rise and fall of empires but I am more of the opinion these cycles have their roots in nature and perhaps the elite of the elite have just mastered the art of taking advantage of each swing better then the rest of us hence their position at the top of the food chain today.
 
Quote from the1:

Well said. The only thing I have my sights set on is a condo in Hawaii and I'll be bringing dollar bills with me. I bet you 20 of them I'll be able to spend them.
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Thats a pretty one sided bet. If you win, you get 20 real spendable dollars. If you are wrong and you have to pay us, we get 20 worthless unspendable dollars.

How about this...if you are right, we pay you 20$. If we are right, you pay us an ounce of silver. Thats a more fair bet for any of the gamblers out there.
 
Quote from mikasa:

I had a talk with my old economics professor from way back, (7 years back). He is one of those professors that stand out in a good way and students tend to remember him.

He told me that there is going to be "game over". He explains that the behavior and fiscal policy of not just US government but others as well can only point to something happening either natural or man made that's about to happen.

And so the complete ignorance of economic laws is accepted because it won't matter.
No one in human history was able to print their way into prosperity and everyone knows it. So they are doing it because they know something is coming.
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I remember reading a quote from Cheney, that I simply can not find anymore to my dismay. Someone, some kind of aid to Cheney, asked Cheney about spending some large sum on a project. The person talking to Cheney was surprised at the sum of money and Cheney replied with something to the effect of "Spend it, it doesn't matter, just spend it." I got the same feeling your economics professor is having. I don't remember it being a national defense project, so using the line of thought that he was willing to go into debt for a purpose, didn't add up. Whatever it was, wish I could find it again, was trivial and gave me the feeling your professor has. They are not idiots something doesn't matter to them, or they have some purpose.
 
Quote from dandxg:

I agree with a lot of the logical thinking on this thread. Nice to see less extremism on ET.

Stop and think about this though. Will all of central bank problems Iceland, Ireland, Hungary, Greece, Argentina I believe it strengthens the position of the USD, don't you think? Yes I know they are not exactly the same problems but all of these countries are having severe fiscal crisis right now.

So what you think hyperinflation in food? How the situation is mainly deflationary from everything I see and read with the exception of taxes.

As mentioned not even the Great Depression lasted forever and neither do good or bad times. Everything is cyclical to an extent.
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I agree that what we see right now is a deflation in food prices...but, those same drops in prices are causing farmers to stop farming. Once the full impact of the lack of production (from the farmers who left the market) and the worldwide meteorological conditions that are devastating food production around the world are felt...the price of food is going to go through the roof! Here are a few links...
http://online.wsj.com/article/SB126300087414822579.html
http://seekingalpha.com/article/180...ent-opportunities-amidst-global-food-shortage

-gastropod
 
Quote from Anaconda:

They are doing their jobs and obviously doing them well if you think that it's just stupidity and incompetence that brought the world to its current situation.

This whole process is controlled with a few wild cards.

Mad Max scenario is not a wanted outcome. A collapse and distrust in all major currencies is much more likely, with a global currency emerging as the "savior"
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I believe the politicians are idiots, because they followed the desires of the "elites." I think the "elites" THINK they control the outcome. I think the "elites" want to bring about chaos and that they will take over by settling the chaos. I think the "elites" are dead wrong - the chaos will be more chaotic than their predictions. When this happens...best be in a "safe" place!

-gastropod
 
Quote from knightrader:

Many feel that something really big,really bad,is going to happen-What's new. I can remember when they told us an ice age was coming in the 80's,when we lived under the threat of nuclear war.Then came aids- maybe millions would die they said.Then came terrorism and the threat of a police state. (i missed out a few 100 other things to worry about along the way)
I'm 50 this year.You know what,screw it. I'm done with worrying about any of it.Because there is not a damn thing i,or anyone here can do about it.
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I'm a little younger but our big fears growing up were getting nuked, getting aids from mosquitos, needing to learn japanese to get a job, and (my favorite) the killer bees. I still worry about the bees sometimes, maybe they are still coming and just late.
 
Quote from Cheese:

Those many at ET that know little or no success in trading are willing to invest faith in the notion of a grand breakdown, a financial collapse like no other before or some form of uncontrollable meltdown. You can choose the words.

Short answer: ain't going to happen.

The current so-called Great Recession has been and is being broadly dealt with by the financial measures of the Fed & Govt first ending the initial crisis and now slowly bringing in recovery. The key issue that had to be won was restoring confidence. Broadly this has been achieved.

Success is about what works and how it works. For those without the prospect of substantial success, they seek belief in how things don't work and by extrapolation how the order of things around them will stop working and break down completely.
:)
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What recovery are you talking about? How long do you think any country can last when it uses fiat currency? Look at history and then tell us why this time is different?

You believe the Fed? Have you any recollection at the number of predictions made by Berneke about the state of the economy since 07 that have turned out to be absolutely wrong?

LOL.
 
Barring nuclear destruction that will shorten everyone's miserable life on an equal footing, there could only be one outcome. The rich will be richer and the poor will be poorer. In other words, the middle class, which is the backbone of democracy, will be a foregone conclusion. Who knows, we might give another birth to the likes of Marx, Luther, or even Bin Laden to shake up the foundation.
 
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