Dollar collapse inevitable - a short film

Discussion in 'Financial Cents' started by slots, Jan 13, 2008.

  1. slots

    slots Monkey+++

    It really does look bleak, although your average Joe doesn't think so...

  2. Bear

    Bear Monkey+++ Founding Member Iron Monkey

    Denial.... maybe... maybe not... at least folks should be looking at the facts and history... most listen for what they want to hear and then go on their merry way..... There sure seems to be alot of signs and folks talking about recession and in a few cases... depression....

    I'm reading Studs Terkel's book "Hard Times"... easy reading but it's full of comments and stories from real folks who went through the Great Depression... its actually a pretty good prep read IMHO... but I wanted to read about it myself... I've got 2 others I picked up .... I sure don't think the current generation will be able to make it through... and we don't have the resources to even support the population of today....

    Thanks for posting...[beer]
  3. melbo

    melbo Hunter Gatherer Administrator Founding Member

    Great clip and right on.
    Denial is going to kill a lot of folks.
  4. ColtCarbine

    ColtCarbine Monkey+++ Founding Member

    Anybody else notice how talk of a recession didn't come out until after the holidays? I hope you guys are wrong that we are in for a rough ride but the indicators that you guys keep pointing out don't look promising. Not that I've ever been one for paying much attention to the financial markets in the past. However, my eyes are wide open these days and don't like what the possibilities are for our future.

    How depressing, think I'll have a few [booze] to boost sales
  5. Quigley_Sharps

    Quigley_Sharps The Badministrator Administrator Founding Member

    During the great depression people flocked out here to the agricultural lands for work.
    It will be ruff times. at least we wont be land locked in it.
  6. ColtCarbine

    ColtCarbine Monkey+++ Founding Member

    those jobs are already taken, unless you want to work for pennies on the $$$

    A depression in today's society wouldn't be a pretty site. You think crime is bad now, just wait it'll get worse.
  7. Bear

    Bear Monkey+++ Founding Member Iron Monkey

  8. pgrass101

    pgrass101 Monkey+++

    I think that when an economic collaspe comes it is going to be a hard fall.

    In the 50's the U.S. started to switch from a Production economy (we made stuff for other countries to buy) to a consumer economy (we buy stuff other coutries make).

    The switch was completed in the 90's. A consumer based economy is not sustainible and we are witnessing and will witness the collaspe of our economy and the birth of a new one.
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