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The coming depression
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| The coming depression
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| booybob |
Is this our future???
The future looks very bleak
Leon Fisher
Unknown News
Tuesday, March 27, 2007
The crash of the US economy has begun. Although the reasons for the now-accelerating economic fiasco have been in place for decades, the chickens are only now coming home to roost. The murder weapons used to kill the economy are "free trade," outsourcing, illegal immigration, special work visa programs, and unrestrained government spending, which have all contributed to the death of what was just a few decades ago the economic powerhouse of the world.
The balance of trade between most of our trading partners in this so called system of "free trade" is completely lopsided. For instance, the flood of products which are imported to the US just from China alone, in contrast to US exports to China, has created a trade deficit in the trillions of dollars. This sort of one-way trade is unsustainable, and if nothing drastic is done to address this situation, America's economy will be reduced to that of a third world country.
The first indicators of economic collapse have already manifested themselves in the housing industry, and the big three American auto makers. Teetering on bankruptcy, they will be the first of the large economic dominos to fall, and the rest will follow in short order. As a consequence, something on the scale of another Great Depression may be a possibility.
America has been scammed big-time over the years. The corporate wheelers and dealers, with the complicity of their bought and paid for political whores in Washington, have sold the American working man down the river, and the general welfare of the entire country as well.
Reacting to mounting criticism of the present economic status quo, the corporate crooks and their political hit men blame the miserable economic situation on their victims -- the greedy American worker, the communist labor unions, the demand of Americans to have clean air and water, and worst of all the bunker mentality of the American people to put up fences against free trade, protectionism. This unenviable anti business situation, they say, was instrumental in forcing harried U.S. corporations to locate elsewhere in more business friendly areas of the world.
Because these same corporations own most of the mass media in America, very little if any blame at all is placed upon the multi billion dollar corporations whose decisions, based entirely on greed, have set off these disastrous events in the first place.
Coinciding with the mounting economic problems of the nation is that of a growing threat to Life, Liberty, and the Pursuit of Happiness by a group of unelected conspirators who have seized control of Americas highest political office. This group of traitors, with Bush crime family member and usurper of the Office of President, George Walker Bush, has ceaselessly undermined the authority of the Constitution and laws of the United States.
Since the installation of this cabal, a series of events have unfolded not seen since Hitler's burning of the Reichstag. The attack on the World Trade Center in New York and the Pentagon in Washington DC, followed by the anthrax threat to Congress, was carefully contrived to give the Bush Cabal the support necessary to begin military operations to secure the resources of the Mideast, and to pass the PATRIOT Act and other draconian legislation, bestowing upon this illegal regime the power to spy, arrest, and torture anyone, including American citizens, they deem as enemy combatants.
With the economy failing, and the fighting in Iraq and Afghanistan continuing with no end in sight, the newly-elected Congress sits on its hands, unwilling to act. Nor are they moving to remove the 9/11 conspirators and war criminals from the White House.
This is not only a bleak scenario for the American people but for the entire world as well. Emboldened by the timidity of the new Congress, the Bush cabal is moving ahead with their plans for war with Iran, which will not be long in coming.
Although I would like to end my remarks on a positive note, at this moment I do not see anything good happening in the near future. Despite the growing disenchantment and suspicion of Bush and his policies, he and his cabal are still in firm control of the Country.
Further, it is foolish to think that after Bush leaves office, the next occupants of the White House will set things straight. This is not going to happen.
The fact of the matter is that our Government is no longer in charge of matters, but operates as a rubber stamp for those parasitic entities which have infiltrated into the core of government. In reality, policy in Washington is not determined by the wants and needs of the American people, but by the whim of the wealthy and powerful elite whose seemingly inexhaustible riches and thirst for more riches supercedes everything else. These corrupt and treasonous individuals within the halls of power will stop at nothing, including war and murder, in order to attain their diabolical ends.
We should also not delude ourselves that an economic collapse will somehow quicken the removal of the cancer which is hastening the demise of our Republic. Just as they have used the threat of terrorism to cow the people, so will they use economic failure to justify a further tightening of the screws. It is going to be a long hard struggle to rid ourselves of this evil, make no mistake about it.
Reader Comments |
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| clonetrooper |
| I'll put a thousand that this doesn't happen. |
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| Glenda Yenta |
| I doubt we'll have a depression but I am awaiting the fall out from the sub-prime mortgage mess and from when all the people up to their ears in credit card debt finally get crushed by it. I think we all know who will end up picking up the cost and it's not the idiots who lived beyond their means on plastic. |
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| Billyfromsphily |
| Who is depressed? |
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| salafibrigades |
| That is propaganda and should not be allowed. |
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| Billyfromsphily |
Quote: Originally posted by salafibrigades
That is propaganda and should not be allowed. |
Are you depressed? |
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| salafibrigades |
Quote: Originally posted by Billyfromsphily
Are you depressed? |
yes, thanks for the concern friend |
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| Psychomike |
I wonder who here actually knows the reasons there was a depression here before.
I bet, nobody.
Ever wonder why they don't teach you that in school? |
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| booybob |
Quote: Originally posted by Psychomike
I wonder who here actually knows the reasons there was a depression here before.
I bet, nobody.
Ever wonder why they don't teach you that in school? |
The same reason they dont teach the Constition, Bill of Rights,Real American History, or anything
else that will help the public understand how bad we are being FUCKED BY BOTH PARTIES :mad: |
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| Halcyon |
It's funny, but I don't see NCMike06 in here ever trashing your threads about the great Bush Economics he so heartily touted just a few months ago. And how great the unemployment rates are and the economic BOOM he touted.....
Gee, he's nowhere to be found in this thread.... funny how he's all up in AssBoil's face about this shit, but he won't come to your thread to talk shit to you....
Hmmm... I call shenanigans on this whole forum |
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| tourette_ticker |
I see no depression. Even if the sub prime market really goes to hell, I don't think it will cascade into more secure markets. Employment is strong. Wages and productivity are growing and overall inflation is low.
Where is the high unemployment, or the deflation that herald a depression?
If the Ds manage a huge tax increase however, we will almost certainly see a recession. |
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| Psychomike |
| NCMike might just be at work! |
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| booybob |
Quote: Originally posted by tourette_ticker
I see no depression. Even if the sub prime market really goes to hell, I don't think it will cascade into more secure markets. Employment is strong. Wages and productivity are growing and overall inflation is low.
Where is the high unemployment, or the deflation that herald a depression?
If the Ds manage a huge tax increase however, we will almost certainly see a recession.
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The effect of the subprime mortgages has not hit the housing sector yet.
The housing market has been on a soft slow down for 1-1/2 yrs now.
If the subprimes and regular mortgage companies tighten up their standards the housing market will tumble.
When the housing markets go their are so many people who will be laid off it has to hurt the economy bad.
real estate agents
mortgage brokers
plumbers
electrictions
carpenters
finish carpenters
lumber suppliers
drywall contractors
masons
excavators
hvac
insulation installers
painters
That is just some of the people who work on a house. Then you have all the businesses who
supply the trades people. |
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| DUDE-HERE |
Quote: Originally posted by clonetrooper
I'll put a thousand that this doesn't happen. |
ME TOO
WHEN EVER A REPUB IS IN OFFICE THIS IS WHAT IDIOT LIBS SAY |
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| tourette_ticker |
Quote: Originally posted by booybob
The effect of the subprime mortgages has not hit the housing sector yet.
The housing market has been on a soft slow down for 1-1/2 yrs now.
If the subprimes and regular mortgage companies tighten up their standards the housing market will tumble.
When the housing markets go their are so many people who will be laid off it has to hurt the economy bad.
real estate agents
mortgage brokers
plumbers
electrictions
carpenters
finish carpenters
lumber suppliers
drywall contractors
masons
excavators
hvac
insulation installers
painters
That is just some of the people who work on a house. Then you have all the businesses who
supply the trades people. |
One you left off the list is land surveyor, which is what I do. And I am acutely aware of how the housing sector effects other businesses and the overall economy. But oddly enough we tend to be a good barometer of where the market is going as we are on the site months before the bulldozers. We slow down before the housing market and we pick up before hand as well. And while business is not booming, I am not concerned about housing in my region. |
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| Psychomike |
The first depression where people tie their plasma tvs onto their hummers!
Honey, don't forget the laptop! :D |
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| Halcyon |
Quote: Originally posted by Psychomike
The first depression where people tie their plasma tvs onto their hummers!
Honey, don't forget the laptop! :D |
I don't have a plasma TV, Hummer, or Laptop..... I guess that means Bush's economics is a win/win! MISSION ACCOMPLISHED |
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| Psychomike |
When the reds in Russia showed audiences there the film THE GRAPES OF WRATH for propaganda on how bad America was, they were stunned as people talked ot each other during the film in awe.
The reds asked what they thought about the film.
The audiences were shocked to discover that even poor people in America- had cars!
They stopped showing the film. |
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| harley-davidson |
| Quote: One you left off the list is land surveyor, which is what I do. And I am acutely aware of how the housing sector effects other businesses and the overall economy. But oddly enough we tend to be a good barometer of where the market is going as we are on the site months before the bulldozers. We slow down before the housing market and we pick up before hand as well. And while business is not booming, I am not concerned about housing in my region. |
I work in the propane industry, last year the amount of product we sold to new construction ( space heat for finishing drywall, painting etc) was 10 times what this year was, homes were not selling. |
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| tourette_ticker |
Quote: Originally posted by harley-davidson
I work in the propane industry, last year the amount of product we sold to new construction ( space heat for finishing drywall, painting etc) was 10 times what this year was, homes were not selling. |
I saw the same slowdown and it was tough. Things have picked up since. You're not too far from me so hopefully the pickup will be to you soon! |
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| gazill |
Quote: Originally posted by Halcyon
I don't have a plasma TV, Hummer, or Laptop..... I guess that means Bush's economics is a win/win! MISSION ACCOMPLISHED |
Or perhaps you are showing personal fiscal responsibility. I could easily afford a plasma, already have a laptop, but could get a few more, a Hummer, I try to avoid those neighborhoods (fear of disease) :D I hear many people moan about how broke they are while they get a tattoo, have all the bells and whistles on basic cable, text message everyone everytime. From what I understand, the tax revenue is higher than ever, isn't that the point of taxes? If the last Congress did not spend like they did, we'd be sitting pretty (presumably). |
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| harley-davidson |
| Quote: I saw the same slowdown and it was tough. Things have picked up since. You're not too far from me so hopefully the pickup will be to you soon! |
We were able to make it up in the general heating and commercial heating accounts, surprisingly we are having a pretty good year for gallons delivered, I might actually get a raise this year and a profit sharing, last year was really hard on us, no raise, increase health insurance, ect |
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| booybob |
Quote: Originally posted by tourette_ticker
I saw the same slowdown and it was tough. Things have picked up since. You're not too far from me so hopefully the pickup will be to you soon! |
I sell lumber,windows and millwork. Our sales are down 20-25% over last year. I am in the Charlotte market, which has not been hit like some of the other markets. Our sales are on the rise from Jan-Feb but they are no where near as strong as 2006 1st qtr. |
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| Glenda Yenta |
We don't have a plasma TV. We have two LCDs. Then again, we didn't charge them on Visa and are not in debt up to our ears. Owning a lap top isn't irresponsible. They're great for getting work done.
Hummers, on the other hand, annoy me on several levels. |
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| harley-davidson |
| Quote: I sell lumber,windows and millwork. Our sales are down 20-25% over last year. I am in the Charlotte market, which has not been hit like some of the other markets. Our sales are on the rise from Jan-Feb but they are no where near as strong as 2006 1st qtr. |
Here in south central PA, the LOWE'S, HOME DEPOT, 84 LUMBER, a decorative stone and lime quarry
OLD CASTLE STONE, to name a few of the accounts I deal with have had very poor sales to this point in the year, compared to last |
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| harley-davidson |
Quote: The first depression where people tie their plasma tvs onto their hummers!
Honey, don't forget the laptop! big grin |
I personally don't have a plasma tv, I watch very little television, to expensive anyhow, the fucking hummer they can have, and to this point I don't need a laptop, my dell pc does fine, too many run up thousands to tens of thousands on credit cards to have their toys, I don't and never did that shit. |
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| Psychomike |
Here here Harley. Good approach.
You know, the older I get, the more I realize the people who want a flat line playing field really just don't trust freedom.
Markets rise and fall. And rise again. But to many, this is horrible. The line should always be flat.
In Las Vegas they built tons of housing. When the buyers market stalled, the left screamed, "see it's over! we told you people buying homes and knowing the value of ownership was wrong!"
Those new buildings, new appliances, guess what? 70% just went to rental - providing more new rentals than Vegas has ever seen before, until the market changes again.
And it will.
New York City tried to prevent this rise and fall and rise again. So did San Francisco. They stopped developement, and used rent control.
Take a look at the rents in those places.
Freedom will always beat a controlled economy. |
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| DUDE-HERE |
Quote: Originally posted by Halcyon
I don't have a plasma TV, Hummer, or Laptop..... I guess that means Bush's economics is a win/win! MISSION ACCOMPLISHED |
AND YOU DON'T HAVE A BRAIN |
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| Halcyon |
Quote: Originally posted by DUDE-HERE
AND YOU DON'T HAVE A BRAIN |
Careful, your stupidity is showing........ |
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| tourette_ticker |
Quote: Originally posted by harley-davidson
We were able to make it up in the general heating and commercial heating accounts, surprisingly we are having a pretty good year for gallons delivered, I might actually get a raise this year and a profit sharing, last year was really hard on us, no raise, increase health insurance, ect |
Last year I feared losing my business the drop off was so sharp. I actually had to lay a couple people off, which is something I have never done before. But as you point out other areas of the economy kept on trucking so we too were able to turn things around nicely. |
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| tourette_ticker |
Quote: Originally posted by booybob
I sell lumber,windows and millwork. Our sales are down 20-25% over last year. I am in the Charlotte market, which has not been hit like some of the other markets. Our sales are on the rise from Jan-Feb but they are no where near as strong as 2006 1st qtr. |
Hopefully we will all see increased business as other areas of the real estate market catch up to the residential portion. |
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