A Total Collapse Of The American Economy*

Discussion in 'Tea Party' started by Doctavian, Nov 18, 2012.

  1. Doctavian
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    Doctavian Rookie

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    A Total Collapse Of The American Economy*

    Do you think that there will be one ? And if so, ho long do you think that it will be until the collapse occurs.

    * For a definition of a "Total Economic Collapse" lets use David Weidemer's** parameters. Which are: A stock market who's value is 10% of it's value at the start of the current year, an unemployment rate of 50% and a 80% decrease in the buying power of the dollar.

    ** David Weidemer is the economist who (unlike most every other economist) predicted most every aspect of the current "Great Recession." And he made his predictions, during the height of the soaring "housing based" economy. Weidmer authored the book "After Shock" about the Great Recession prior to it's occurring.

    Sincerely,
    Doctavian
     
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  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says, "Dat's right...

    ... dat's why she held on to her Confederate bonds.
    :eusa_shifty:
     
  3. rdean
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    rdean rddean

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    Republicans already brought down the economy under Bush. They thought if they could keep it going, they could get rid of the black guy in the WHITE House.
     
  4. Politico
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    Politico Gold Member

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    No.
     
  5. Toronado3800
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    Toronado3800 VIP Member

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    Nah. Did that even happen in England after WWII? That being the model I believe we are closest to.
     
  6. Katzndogz
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    Katzndogz Diamond Member

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    The model we are closest to is Greece. More people receiving government money and fewer people able to pay. More than that, the ones who are able to pay are refusing. Half the problem in Greece is caused by the Greek tax payers having lost faith in the integrity of the system refusing to pay taxes at all.
     
  7. Truthmatters
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  8. Doctavian
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    Doctavian Rookie

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    FYI: Weidemer has predicted a "total collapse" of the American economy within the next 18 months.
     
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  9. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says, "With a $15T deficit, it needs to - it still gonna be a long time a-fore there's another surplus with the tax & spend politicians we got...
    :eusa_eh:
    U.S. Deficit Shrinking At Fastest Pace Since WWII, Before Fiscal Cliff
    11/20/2012 - Believe it or not, the federal deficit has fallen faster over the past three years than it has in any such stretch since demobilization from World War II.
     
  10. editec
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    editec Mr. Forgot-it-All

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    I'm a big believer of the theory that the BLACK SWAN is no longer a possibility, but the ONLY possibility left to us.

    This nation has done NOTHING to really change the circumstances that brought us the 2007/2008 depression.

    All we did was refinance the BANKSTERS so that they can fuck things up again for the 5th time in the last 40 years.


    XXXXXXX

    And neither party has the BALLS to do that because both parties sup at their table.

    I can sort of understand nobody stands up to them, of course

    XXXXXXX
    Our nation -- indeed! Western Civilization -- is RUN by criminals, folks.

    The sooner we realize that they sooner we might be able to do something about it.
     
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    Last edited: Nov 28, 2012

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