Global Debt Time Bomb
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#5 will be the first to implode. I've been warning people for two years that the commercial bubble thats about to burst will make the housing bubble look miniscule by comparison.
All the more reason to hoard oil!
John
John
JHZR2
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scary but true. The worst part is that I cannot see how to escape it as an individual and investor. Everything is going to take a plunge.
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It's all about phase relationships. Real materials are consumed with future money and there is never any reconciliation of the balance. It undervalues them. This is on top of the free energy that is used to enable it.
What ever it takes to start the new world order. And the wealthy are are making a killing.
I can see the "we're screwed if we don't address some of these issues" candidate easily being voted in.
"Without action, by 2035 Social Security and Medicare benefits will eat up the entire federal budget other than defense."
That is our biggest hurdle. Some economists state the present value liability to be over 100 trillion.
I seriously think there's going to be trouble in the next 50 years unless we get SERIOUS leadership to tackle the problems. Even then things aren't going to be the same. The end result is going to be a lower standard of living for most people in the US.
That is our biggest hurdle. Some economists state the present value liability to be over 100 trillion.
I seriously think there's going to be trouble in the next 50 years unless we get SERIOUS leadership to tackle the problems. Even then things aren't going to be the same. The end result is going to be a lower standard of living for most people in the US.
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By 2040 the problem should be gone ..totally. The problem is enduring the 2020-2040 span without undue debt. Some things just need to be put on a back burner ..or no burner during that time. No one wants to do that.
Well, we're either going to have a flat out economic collapse, which will result in drastic unemployment and no standard of living for potential decades, or spending on a grand scale in this country will need to be slowed down to keep up with and pay for the debt, which also equals unemployment.
Or we're somehow going to have to find a way to get 10% GDP growth for the next several decades.
We're at the verge of Zimbabwe economics, but at least we've become that way with a high standard of living to begin with.
Or we're somehow going to have to find a way to get 10% GDP growth for the next several decades.
We're at the verge of Zimbabwe economics, but at least we've become that way with a high standard of living to begin with.
World War Three will take care of it.
Originally Posted By: greenaccord02
World War Three will take care of it.
I hate to say it, but I see this too.
Someone in the next 10 years will make 9/11 look like a joke.
And yes, I'm deadly serious on this one.
When they can nearly blow up a plane above Detriot, it says a lot. Even in this "secured" times.
We still have too many weak points, with very few soulutions to them.
World War Three will take care of it.
I hate to say it, but I see this too.
Someone in the next 10 years will make 9/11 look like a joke.
And yes, I'm deadly serious on this one.
When they can nearly blow up a plane above Detriot, it says a lot. Even in this "secured" times.
We still have too many weak points, with very few soulutions to them.
Originally Posted By: LS2JSTS
#5 will be the first to implode. I've been warning people for two years that the commercial bubble thats about to burst will make the housing bubble look miniscule by comparison.
You'll see it here first.
#5 will be the first to implode. I've been warning people for two years that the commercial bubble thats about to burst will make the housing bubble look miniscule by comparison.
You'll see it here first.
Originally Posted By: daves87rs
Originally Posted By: LS2JSTS
#5 will be the first to implode. I've been warning people for two years that the commercial bubble thats about to burst will make the housing bubble look miniscule by comparison.
You'll see it here first.
Heck, I'm living it as we speak. The housing bubble first started to leak in the Metro Detroit area before the rest of the country and the commercial leak is well under way. Guess the old adage hasn't changed much....."As goes Detroit, so goes the Nation"
Originally Posted By: LS2JSTS
#5 will be the first to implode. I've been warning people for two years that the commercial bubble thats about to burst will make the housing bubble look miniscule by comparison.
You'll see it here first.
Heck, I'm living it as we speak. The housing bubble first started to leak in the Metro Detroit area before the rest of the country and the commercial leak is well under way. Guess the old adage hasn't changed much....."As goes Detroit, so goes the Nation"
Originally Posted By: greenaccord02
World War Three will take care of it.
Unfortunately I fear we are closer to having American Revolutionn II than we are World War III.
As the government loses the power it has to provide us our subsidized pittance, the unrest will rise.
World War Three will take care of it.
Unfortunately I fear we are closer to having American Revolutionn II than we are World War III.
As the government loses the power it has to provide us our subsidized pittance, the unrest will rise.
Originally Posted By: LS2JSTS
#5 will be the first to implode. I've been warning people for two years that the commercial bubble thats about to burst will make the housing bubble look miniscule by comparison.
Bubbles typically involve easy credit and leverage. Do you have information that leads you to believe underwriting standards for commercial loans were very loose the last few years? I know that in 2003-04 when I tried to get a commercial loan, it was very difficult. But i would be interested in seeing data that show loose underwriting in commercial lending
#5 will be the first to implode. I've been warning people for two years that the commercial bubble thats about to burst will make the housing bubble look miniscule by comparison.
Bubbles typically involve easy credit and leverage. Do you have information that leads you to believe underwriting standards for commercial loans were very loose the last few years? I know that in 2003-04 when I tried to get a commercial loan, it was very difficult. But i would be interested in seeing data that show loose underwriting in commercial lending
Originally Posted By: LS2JSTS
Originally Posted By: daves87rs
Originally Posted By: LS2JSTS
#5 will be the first to implode. I've been warning people for two years that the commercial bubble thats about to burst will make the housing bubble look miniscule by comparison.
You'll see it here first.
Heck, I'm living it as we speak. The housing bubble first started to leak in the Metro Detroit area before the rest of the country and the commercial leak is well under way. Guess the old adage hasn't changed much....."As goes Detroit, so goes the Nation"
Yep.
Originally Posted By: daves87rs
Originally Posted By: LS2JSTS
#5 will be the first to implode. I've been warning people for two years that the commercial bubble thats about to burst will make the housing bubble look miniscule by comparison.
You'll see it here first.
Heck, I'm living it as we speak. The housing bubble first started to leak in the Metro Detroit area before the rest of the country and the commercial leak is well under way. Guess the old adage hasn't changed much....."As goes Detroit, so goes the Nation"
Yep.
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I was hoping for a nice plague to solve our problems. Quick ..and not all that destructive ..infrastructure stays intact ..no wasteful consumption. Sorta like hitting the RESET button.
I've cited this example in years past, since that's when I saw the inevitable. I think it was "A Night To Remember" where the engineer and the captain of the Titanic went to the model ship and placed the weights on it and watched it capsize/sink. They knew their fate.
I've cited this example in years past, since that's when I saw the inevitable. I think it was "A Night To Remember" where the engineer and the captain of the Titanic went to the model ship and placed the weights on it and watched it capsize/sink. They knew their fate.
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