Global Economic Time Bomb, may be prematurly Expolding.

Discussion in 'Economy' started by 52ndStreet, Oct 11, 2008.

  1. 52ndStreet
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    52ndStreet VIP Member

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    I warned of a Global Economic time bomb exploding, at some point in the not to distant future. The addiction to credit, and many new untested financial derivatives, and America's debt, were providing the explosives for this Global
    economic device. An overvalued Euro, currency, and to many players on the Global economic playing field , can upset the Economic ball game.

    What we are currently experiencing, is not the real Economic Time Bomb explosion. This is kind of a false alarm, or preview if you will allow the term.

    America, and former Federal Reserve cheif Allan Greenspan, can take much of the responsibility for what is happening to the global economic financial system.

    As I said, this is only a preview.Please remain claim.
     
  2. Diuretic
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    Diuretic Permanently confused

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    I'm going to grow vegetables in my back garden. And anyone who's seen my back garden will know I'm a bit worried if I go to those extremes.
     
  3. DavidS
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    DavidS Anti-Tea Party Member

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    The sub-prime mortgage crisis can't be blamed for all of this... what else is going on that's causing this crisis?
     
  4. rayboyusmc
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    rayboyusmc Senior Member

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    I only plant things that grow food anyway. Have nice 80lb stalk of bananas that I can sell on the global market.

    IMF warns of financial meltdown - Yahoo! News
     
  5. rayboyusmc
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    rayboyusmc Senior Member

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    I never thought Greenspan was awake most of the time anyway.
     
  6. dilloduck
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    dilloduck Diamond Member

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    "Will Weed For Veggies"


    :lol:
     
  7. LordBrownTrout
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    LordBrownTrout Gold Member

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    Do you really grow bananas, ray? If so, that's pretty cool.
     
  8. Diuretic
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    Diuretic Permanently confused

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    It's a deal! :lol:
     
  9. Richard-H
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    Richard-H Gold Member

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    It certainly does seems far-fetched that a tiny percent of the total mortgages, which are a tiny percent of the total world's assets, could cause the world's economy to crash.

    I suspect that somebody is at war with us and since they can't win militarily they're undermining us economically. If it were the good old days I'd say it was the commies, but nowadays they have too much invested in our economy.

    My best guess is that it's somebody associated with Al Queda, like the Saudis) and that Bush doesn't want to admit that while he's been distracted in Iraq, they've been stealing the farm from under our noses.
     
  10. xsited1
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    xsited1 Agent P

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    It's the New World Order conspiracy coming true. George W. Bush has played his role well for the United States. Now it's time for Barack Obama to take over and complete the task.
     

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