US Economic Collapse Predictions

Discussion in 'General Discussion' started by larryinalabama, Nov 30, 2011.

  1. larryinalabama

    larryinalabama Monkey++

    Just curious at what point in time the US will face economic collapse, my gut feeling is in 7 to 10 years but thats not based on anything.
    The main problem as I see it is the Goovernment now controls nearly all aspects of life, similar to that of the former Soviet Union. If Eroupe fails our collapse will be right after that, I still think theres still enough robbing "Peter to pay PAUL" to last a little while longer.

    Whats youralls time frame or do you think it will even happen?
  2. Catullus

    Catullus Monkey+++

    I don't think it is going to be a collapse until every resource and dollar have been rung from the masses. IMHO it will be a long, slow depression that is calculated so there will be no collapse. The powers that be want to keep making money for as long as possible.

    Now that is economically speaking. If there is a natural disaster that is a whole other story.
    larryinalabama likes this.
  3. Alpha Dog

    Alpha Dog survival of the breed

    I think we are already in a form of collapse just livihg on barrowed time but Big Brother will robb us as long they can and wear us to so the take over will be a little easier.
  4. Falcon15

    Falcon15 Falco Peregrinus

    Alpha is correct. We are on borrowed time. We do not have years, we have weeks, maybe months. The way things are breaking down in Europe will have a direct impact on us. Not including the fact that China and Russia said "Hands off Iran or we will start WWIII".
    stevel, Cephus, dragonfly and 3 others like this.
  5. Falcon15

    Falcon15 Falco Peregrinus

    Global Central Banks Ring Gold Buyers' Bell - YouTube
    larryinalabama likes this.
  6. Alpha Dog

    Alpha Dog survival of the breed

    You know I never thought we would ever be talking about the US in this situation until 8 or 9 years ago. It is scary we have been cutting all personal stuff and trying to double stock on stuff and rotate some supplies out. Me and the Ol lady was taking like $50.00 a payday just for a little extra when out and we have totally stopped it. We had been trying to save some cash up and do have a little for emergancies but we took most of it and bought extra long term supplies and a little gold and silver. Because the dollar when this happen wont be any good except for wall paper. The signs are all there the stock market, job market, food, gas, housing. one little stumble and the US wont recover. Prepare now avoid heart ache later
  7. Clyde

    Clyde Jet Set Tourer Administrator Founding Member

    My work has taken me into international playas from the euro to the yuan to the US dollar. What I hear is the Euro is done. Just a postponement of the inevitable. The Chinese have a huge bubble. They just keep building to hide it. However, many of their people with money are trying to move it out of the yuan into real estate assets in the US and other countries.

    The dollar will fade and unless the is a catastriophic event that they can't bandaid and wrap, there will be money flight to the dollar. People know the dollar has issues, but what other currency does not hav e a problem? Few and those like the Swiss with a strong currency have now put controls over their money.

    What I hear is people still think the US is the stablest place to park funds as we have a democracy and a long history of innovation and productivity. There will be a downturn in the future that is major. The people with billions of dollars can't just buy gold. Real estate is their other safe haven and money is flowing fast.

    And I didn't even discuss the Arab spring. That money is moving really fast, too.
    Sapper John, tacmotusn and Falcon15 like this.
  8. Falcon15

    Falcon15 Falco Peregrinus

    I think we are on the verge of sudden collapse. China lowered its bank reserve requirements yesterday by 50bps which is important because they have historically been raising reserve requirements the past few years to fight inflation but have now hit the brakes suddenly.

    The U.S. central bank (The Federal Reserve Bank) also has begun to set criteria for stress tests in early 2012 assuming a 50% crash in the stock market (that would bring the DJIA to roughly 6,000) and a 21% slump in an already exceedingly bloody real estate market that earlier this year officially eclipsed the peak-to-trough declines of the 1930′s Great Depression.

    Dark times are ahead of us my friends and if you thought 2008 was bad, wait until you see what’s coming down the pike.
    stevel, Cephus, dragonfly and 4 others like this.
  9. tacmotusn

    tacmotusn RIP 1/13/21

    Au contraire mon ami. The take over will never be easy. Nor will it be bloodless.
    Sapper John and Falcon15 like this.
  10. Quigley_Sharps

    Quigley_Sharps The Badministrator Administrator Founding Member

    Until true change you cant make a guess.
    The budget that the Obama administration has submitted for fiscal 2012 is so out of touch with reality that it may as well be a budget for "Narnia", "Fantasy Island", "Atlantis" or some other mythical land. You can view the hard numbers for Barack Obama's 2012 budget right here. Obama's budget assumes that the U.S. will experience economic growth of over 5 percent for most of the coming decade. That is so far-fetched that "optimistic" is not the right word for it. It also assumes that U.S. government income (primarily made up of taxes on all of us) will more than double over the next ten years. For 2011, the budget projects that the U.S. government will take in a total of 2.1 trillion dollars, and for 2021 the budget projects that the U.S. government will take in a total of 4.9 trillion dollars. For the Obama administration to assume that the federal government will be able to drain an extra 2.8 trillion dollars per year out of the American people by the year 2021 is ridicul0us beyond belief. This budget is so delusional and so out of touch with reality that it is hard to imagine anyone taking it seriously.
    Until that is fixed by elections I believe it cant be predicted , there is a chance of total head count change in Governments around the world soon.
    Sapper John and Falcon15 like this.
  11. ghrit

    ghrit Bad company Administrator Founding Member

    Gotta laugh. Our good friends, the world's government bankers, have all agreed to band together and take steps to iron out the wrinkles in the world's economies. I guess that means they all agreed to borrow as needed from each other to fund the frivolity of expanding the money supply. So peter starts owing paul 5 bux plus interest from a prevous "deal"; he borrows from paul (plus a buck to live on) to pay it off. In the meantime, paul doesn't have enough to lend, so he borrows from Peter (plus a buck to live on.) Both rub their hands in glee and satisfaction, having solved the problem. And the serf's back hurts the more for it as strawberry prices go thru the floor.
    Cephus likes this.
  12. GrandpaDave

    GrandpaDave Monkey++

    You mean it hasn't happened already????? sure looks that way from where I sit...

    You guys don't know me personally but I work for the state Voc Rehab department. we help disabled folks go back to work... my specialty is helping disabled folks start and successfully run their own business... But I am in the same offices with SRS, here that's where you come to file for food stamps, TATNF and unemployment, child support etc...

    you do know that on a percent basis only 40% of adults pay taxes... the rest are too old, infirm, stay at home moms or full time students. that leaves 60% of the adult population relying on some form of assistance, either from family or the state...

    I cant tell you how many times there has been talk of canceling our programs... all of us have resumes updated and ready to mail.... already we've seen them close 3 other offices and wounder when our turn comes next...

    now lets put that into context... what do you think will happen to the economy and civil order... if suddenly all the poor and disenfranchised are cut off from programs like food stamps, welfare, workmans comp and all those hundreds of other assistance programs out there???

    when might that happen... it's come close a number of times... but unless Washington can straighten out their budget mess... it will all happen automatically in 2013... unless someone changes some laws pretty damn quick...

    Now before you all go to thinking old gramps here is some bleeding heart lib... let me also add... I think the system needs to fail....

    right now it's like some beached whale struggling under it's own ponderious weight unable to help itself or anyone else. it needs to be shot in the head and put out of it's misrey... out with the old and in with the new... Oh trust me it'll be painful but some pain is good, lets ya know your alive and able to move on...
  13. DKR

    DKR Raconteur of the first stripe

    May be badf, maybe not

    If the dollar falls flat, the farms and factories will still exist.

    Some products will likely disappear as there will be no market - who needs an iPad if you are hungry? A recovery will happen, but will be ugly. And there will be a new host of winners (*damn few) and losers (the bulk of the population)

    I worked in Russia (the CIS really) shortly after the Ruble fell apart.
    Who was hurt most? Old folks on a pension. Their pension disappeared and what little savings they had were wiped out by skyrocketing prices. Example, a one kilo loaf of 'bread' went from a few kopecks (few pennies) to 5K Rubles overnight as the subsidy went away and the 'value' of the Ruble tanked.

    My investments of late have been long term food, an oil burner for heat and the like. Wife and I are getting all the dental work we need for may even need done now - while we can and can afford to have it done..

    An oft quoted idiom - the loss of civilization (or civil behavior) is 3 missed meals away.

    When the welfare checks bounce, watch out. When the Gov't paychecks bounce, start running....

    You DO have a place to run to, don't you?
  14. dragonfly

    dragonfly Monkey+++

    Have land, will way!
    Meanwhile I'm going from gray to white hair....
    May forget further "preps" outside anything I cannot eat.
    I have most everything else covered, that is unless gas goes way up...!
  15. Falcon15

    Falcon15 Falco Peregrinus

    True, but how will you buy gasoline to go to work or diesel fuel to transport these items? Good looks and charm? When, not if, the dollar falls flat, it takes banks, credit card issuers, and insurance companies with it. Money and commerce as we know it ceases.
    Again, if you are hungry, how are you buying food? Are the magic food faeries going to make it appear in the stores? Will the grocery store employees live and work for free in the store? How do they get to and from work if they commute even just 10 miles? Americans are ignorant of how far their food actually travels to get to their grocery stores. The average distance is 1500 miles from farm to grocery.
    The value tanked it did not get destroyed. The world economies - particularly the US Dollar, the world reserve currency, kept on chugging. Food shortages were common, people starved to death for the lack of adequate wages and the ability to get to work. The Russian banking system did not fully collapse, it stumbled. They were able to recover. We are looking at collapse. When the world reserve currency goes, the entire world suffers, not just one nation.
    You betcha, bub. Great ideas, get dental/medical/eyes taken care of now. Bulk your preps, particularly food and water. The "oft quoted idom" is not idiomatic, it is gospel truth. Post Katrina New Orleans, Post Andrew Miami, post earthquake Haiti, these few, limited examples show, within hours if not days, without a doubt what kind of animal lurks just beneath the veneer of "civilization".

    That massive uptick on the DJIA yesterday was actually a huge short squeeze, and the markets are all pricing red today, and will continue to do so. As each hour passes, the realization that the banks have effectively slapped a band-aid on an arterial bleed is dawning on the world as a whole.

    The time for dithering is past, folks. As my grandpa always said "Do your business now or get off the pot!" (I cleaned that up a bit).
    stevel and Cephus like this.
  16. TXKajun

    TXKajun Monkey+++

  17. Clyde

    Clyde Jet Set Tourer Administrator Founding Member

    Its all bandaids for years to come. The reality is nobody knows what to do with the mess other than punt and punt to buy time to try and figure out how to fixit. I think they hope time will fixit and we will put out of this.

    As I stated previously, I can see a world war of some type happening that will pull the world out of this mess. That is how we worked our way out of the last depression and how I see we will work our way out of the so called "great recession" or the "propped up depression".
    stevel and Quigley_Sharps like this.
  18. fedorthedog

    fedorthedog Monkey+++

    The economic collapse will occur when our politics fail. Money is a faith item, people believe in it when they should not. When their faith fail our economy will collapse.

    I think that the decisive politics will be the trigger the leave me alone crowd vs the gov for everything crowd. One will force the other to submit and they will rebel. People who are getting ready to rebel remove their money from the system which has negative consequences.
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