ItSeemsWeAreInAHeapOfTrouble... eh?

[MarcLacroix]

HiYa!;

Been going around various financial sites and the Doom, Gloom Apocalypse Talk has intensified greatly. It would be nice to find some clear objective data as opposed to all the hype.

So what happens when the wheels fall off. Do we revert back to 1492 when Columbus sailed the ocean blue, throw away three hundred years and start over, the dollar gets cut in half and gold doubles? What?
Anyone got any ideas? :flail:

Marc

 

[mmerlinn]

Examine what has happened elsewhere in the past to see our future. Like Argentina, Zimbabwe, Rome, and numerous other instances. Doing the same thing always ends with the same results.

 

[MarcLacroix]

Examine what has happened elsewhere in the past to see our future. Like Argentina, Zimbabwe, Rome, and numerous other instances. Doing the same thing always ends with the same results.

Yes of course but in order to do that it would be helpful to have accurate data.
Like precisely how(StepByStep) does a ProsperousNation become a BananaRepublic.

Marc

 

[mmerlinn]

Yes of course but in order to do that it would be helpful to have accurate data.
Like precisely how(StepByStep) does a ProsperousNation become a BananaRepublic.

Marc

That is why you examine what has happened in the past. There is no other way to find out.

 

[pmbug]

...
So what happens when the wheels fall off. ...

Anyone got any ideas? :flail:

Pain. Lots of pain.

 

[coarsequarterly]

As almost every big personality is pointing out the same, there are some tragic situations rite bow but soon it'll be over, as in 2008-09 the economic crisis came and then some changes needs to be implemented, same way economist are analyzing the situations and will definitely come up with some solution. Till then KEEP CALM

 

[ancona]

Yes of course but in order to do that it would be helpful to have accurate data.
Like precisely how(StepByStep) does a ProsperousNation become a BananaRepublic.

Marc

To answer that question, simply roll down to the thread on Greece. They were in pretty good shape until the banksters yanked the rug out in 'o8. Now, they're a basket case ready to default on a ton of imaginary money that they have borrowed to pay back even older loans. In short; they're fucked.

 

[MarcLacroix]

Taking on NewDebt to repay OldDebt is insane. No wonder they are in trouble.
Mobsters thrive on that kind of behavior.

Marc

 

[coarsequarterly]

I would suggest that we are not in a position to throw 300 years and start over acc to Sir Bill Gates "Some times to deal and some times you fold" and this is definitely to fold.

 

[ancona]

I would suggest that we are not in a position to throw 300 years and start over acc to Sir Bill Gates "Some times to deal and some times you fold" and this is definitely to fold.

Greece played this exactly correct. The EU wants desperately for Greece to cede their democratic process, force the Prime Minister out, install someone that is Euro sympathetic, re-embrace austerity, re-affirm the debt and continue to strangle the populace.

Not going to happen. I foresee the return of riot dog on Wednesday.