Over 75 years ago Wall Street Crashed; but today the New Crash is already underway...

[SouthAmerica]

Nutmeg: “I thought this was interesting because all gov't have different methods of disseminating information (propaganda) and it made no difference.”


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June 9, 2011

SouthAmerica: For all practical purposes the US economic and financial system is in a coma, and is being kept alive by massive US government intervention of all kinds.

If the US dollar did not have a special status as the main world reserve currency then the house of cards would have crashed already just like the Soviet Union.

I have been writing about the new great depression for many years and I have discussed that subject in various threads here on the ET economics forum.

The mainstream media still can't grasp what is unfolding here in the United States and in many countries around the world.

I could write a book on this subject since it is so obvious to me.

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[hiptogo]

so advice for people currently living in the states?

 

[SouthAmerica]

June 9, 2011

SouthAmerica: Reply to Scataphagos

It seems to me that the US economic and financial problems are beyond the grasp of the US mainstream media.

If you watch these videos you will have a better understanding of what is happening here in the US economy and in many countries around the world:


Innovation:

Here is an excellent lecture about innovation, that gives in detail the reasons why the United States is falling behind many countries in real innovation.

Many Americans think that they still are number 1 in the world regarding innovation, but the reality is another story.

Falling Behind: U.S. Competitiveness in a High-Tech World
http://www.youtube.com/watch?v=sV4rIWD7CLI
Time: 1 hr. 10 min.

Robert Atkinsons talk will focus on the United States losing its international economic competitiveness as it falls behind in advanced technologies and the forthcoming green tech revolution. A New College alumnus, he is the founder and president of the Information Technology and Innovation Foundation, a Washington, DC-based technology policy think tank.


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The greatest shortcoming of the human race is our inability to understand “The Exponential Function”.

The growth in any doubling time is greater than the total of all preceding growth!

http://thefinalcollapseoftheusdollar.blogspot.com/2011/05/final-collapse-and-meltdown-of-us.html


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[Larson]

Quote from Scataphagos:

I'm sure some of them "don't get it". Others do but don't want to talk about the severity of the problem and there is no hope of fixing things without MAJOR changes in government, tax/social policies and business incentives. Government doesn't want to make any of those changes for its own self-interest... and won't talk about the true and dire nature of our mess.

Recognition of the "cold hard truth" would cause many of these types to lose their mental health. Hence, when they hear the lie, they are quick to believe and spread the propaganda. After all, it boils down to every man for himself. Tough luck for USA.

 

[SouthAmerica]

June 9, 2011

SouthAmerica: Here is a picture of many members of the US Congress doing their best thinking:

https://picasaweb.google.com/lh/photo/htsbZwgcYO7fTw4Uqxr-Pg?feat=embedwebsite

 

[SouthAmerica]

June 19, 2011

SouthAmerica: Have a nice time watching these videos:

The Housing Collapse is Worse than the Great Depression of the 1930's! - June 7, 2011
http://www.youtube.com/watch?v=o_unoB8xFxE


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Hedge fund bets $ 6 billion US dollars against US economy – June 17, 2011
http://www.youtube.com/watch?v=LFN5-6cYN2k&NR=1


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Gerald Celente with Roy Green Show Corus Radio Network June 17, 2011
http://www.youtube.com/watch?v=lNUGpgS0alg


Regarding Gerald Celente's comments – here is what I wrote on that subject over 3 years ago:


Over 75 years ago Wall Street Crashed; but today the New Crash is already underway...
http://www.elitetrader.com/vb/showthread.php?s=&threadid=117003

February 7, 2008

SouthAmerica: I wrote about this subject on various articles in the last few years, but as we approach very quickly the beginning of the New Great Depression it is worth to review some relevant information.

…In the past, a major war was the way out of an economic depression. Maybe that solution will be used by the US one more time to restart its economy - a major war contributes to ending the depression phase, and leads the economy to the first phase of the cycle once again. The big war has to be started somewhere even in Iraq.


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Here is an interesting development regarding China, Russia and the USA:
RT: China Says Either WW3 or New World Order – June 19, 2011
http://www.youtube.com/watch?v=NeQ70AuoJg8


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[bgp]

you know southamerica has been very accurate of what has and is happening and for any person that is arguing against him is one hell of a frickin moron !

bp

 

[SouthAmerica]

June 20, 2011

SouthAmerica: Reply to bgp

Thank you for your support, since that is a rare event here on the Elite Trader Forums and also at Brazzil magazine.

I don't remember you making any comments before on my threads here on ET.

But I appreciate your support, and it is nice to know that there are at least few people here on the Elite Trader forums who appreciate the content of my postings.

 

[bgp]

thank you, i may have commented in the begining of your thread .

bp

 

[EMRGLOBAL]

A: South America is only spot on because his disseminating news that is already out there...so who is the moron for thinking SA is spot on?