The Economic COLLAPSE Will Be Like A Slow Motion Falling House of Cards.

Discussion in 'Economy' started by Neubarth, Aug 4, 2010.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    The Economic COLLAPSE Will Be Like A Slow Motion Falling House of Cards.


    The Commerce Department recently confirmed what I have been telling you for years. The economy is in a continually deteriorating state. Everybody can now see that there is no growth momentum. Be prepared for a protracted Bear Market.

    Last Friday the Commerce Department reported that our GDP grew at an Dismal Annual rate of 2.4 percent in the second quarter. Remember that is a projected Annual Rate. That has fallen from 3.7 percent in the first quarter and 5 percent in the fourth quarter of 2009. Remember this is AFTER Obama injected a trillion dollars into the economy. It is obviously having a little effect for the good, but the reality is that we are collapsing inspite of all that government spending.

    Why?

    Take a look at state and local government spending. As these stressed-out governments try to deal with their own river of red ink, spending is decreasing at a rapid clip. The Federal Government increase in spending is being offset by State and local Gvernment decreases in spending because of decreasing tax revenue.

    We are now seeing inventory buildup. Manufacturing looked good while we were restocking shelves and warehouses, but now the products are piling up. So unless consumers go on a wild spending spree, businesses won't be restocking their shelves in the foreseeable future.

    Foreclosures are still continuing and in some parts of the country are increasing. Now it isn't the bamboozled minorities who can't pay their mortgates, it is the people who are out of work who can not pay. They have used up their savings and simply can not make another payment.

    How can this be? We should be adding 200,000 a month to the Labor Force if our economy was solvent. Unfortunately, it isn't, and we have been dropping Millions of people off of the Labor Force. These millions are now in various stages of default on their mortgages. And now Geitner has been saying that Unemployment may even go up in the near future. Well, at least he is trying to be honest.

    Can you see those slow motion cards falling one by one by one

    Now for an ugly reality. GDP figures for the past three years were revised — downward in seven of the 12 quarters — because consumer spending grew slower and home building fell harder than had been estimated. This means, without doubt, that the recession is far worse than government officials are telling us. Those cards keep on falling.
     
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  2. Douger
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    Douger BANNED

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    I think it will be more like the twin towers.
    Pre-engineered and free fall.
     
  3. topspin
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    topspin BANNED

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    thanks chicken little
     
  4. Big Fitz
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    Big Fitz User Quit *****

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    Well elaborated Neubarth.
     
  5. Pepe
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    Pepe Senior Member

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    I believe Neubarth is "spot on" with his Post.

    Most of the Sheeple cannot see the forest for the trees meaning to most people this Economic collapse, thus by default the collapse of the Empire, is happening in super slo-mo.

    It does not require a degree in economics to connect the dots.

    Do not for one second believe that the Polytickers in the District of Corruption don't fully understand that they are in over their collective heads and that their only desire is to kick the can ever further down the road so that the Final Collapse does not occur while they are in Office.

    I often write and will again, "The Amerikan Empire will collapse in 36-60 months and "Balkanization" will begin in earnest.

    There is no other viable alternative.
     
  6. topspin
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    topspin BANNED

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    lol thanks chicken little kluckers
     
  7. Pepe
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    Pepe Senior Member

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    Besides the tried and true Leftist one liners, do you have any contrarian views you wish to expound upon?
     
  8. william the wie
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    william the wie Gold Member

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    I agree with Neubarth and not you on this one Pepe. I expect a slew of half-assed semi-fixes. Entitlements will be reformed in a lame duck session of congress this year. The reforms will not go far enough but they will kick the can down the road. Many garrisons will be brought home over the next two years. These semi-fixed problems will put collapse in super slo mo so closer to 10-15 years until collapse.
     
  9. topspin
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    topspin BANNED

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    Yes look at the top 10 companies in the S&P 500 and tell me which ones suck.
    Tell me the American people stopped being greedy, and that we are not the best money makers in the world. I need a good laugh today.
     
  10. lizzie
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    lizzie Zen Warrior Supporting Member

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    Thanks Neubarth for the injection of reality. The US has been living under the spell of irrational exhuberance for too many years. We are not as smart as we believe we are, economically speaking, and we can't continue to pretend that money just appears out of nowhere and that we can live on infinite debt.
     

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