What if the economy dies?

[DVTimes]

USA was downgraded this week.

The EU could crash.

[Johny Traffic]

What if DVTimes died?

Would anyone notice?

[Chosen]

Say what???

[Rochard]

The economy is dead and the EU seems to be crashing.

[dyna mo]

the usa was downgraded to what this week?

[Mike Honcho]

I'm ready for the post-nuclear apocalypse



What about you?

[TheSquealer]

Originally Posted by DVTimes

USA was downgraded this week.

The EU could crash.

EU is crashing. EU has been crashing. China is crashing. Japan is the nation with the largest debt in the world and headed for a major crash. But some things are always consistent.. for example, you're still an idiot.

[2intense]

Originally Posted by Johny Traffic

What if DVTimes died?

Would anyone notice?

[96ukssob]

that would be shitty (calling CurrentlySober...)

i doubt it would happen, but hyper inflation could be just around the corner. better sell out on stocks fast, they will tank quickly

[Wizzo]

Originally Posted by DVTimes

USA was downgraded this week.

By who, you?

[topnotch, standup guy]

[brassmonkey]

[ottopottomouse]

Originally Posted by dyna mo

the usa was downgraded to what this week?

A small island in the pacific. Pay attention!

[dyna mo]

Originally Posted by ottopottomouse

A small island in the pacific. Pay attention!

sounds nice!

[CurrentlySober]

Originally Posted by bossku69

that would be shitty (calling CurrentlySober...)

Sorry Im late - Bit busy - But better late than never... Lets see...

I cant afford to see the economy die, because I cant afford the bus fair to attend its funeral...

Oh Yeah, PS: I like poo

[Mike Honcho]

Originally Posted by brassmonkey

hmmmmmmmm....

[brassmonkey]

Originally Posted by Mike Honcho

make it rain! you hear the thunder?

[DVTimes]

Excerpts: S&P Says 50-50 Chance Of Downgrading US To 'AA' -1

WASHINGTON (MNI) - The following is the first part of excerpts from a report published by Standard & Poor's Thursday with its views on the potential effects of each on the financial services industry, corporate borrowers, structured finance, public finance borrowers, as well as economies and markets around the world from the U.S. debt impasse:

In our view, the need for an agreement to raise the debt ceiling before it is breached -- which the government has said would occur on or around Aug. 2 -- remains a major risk to the U.S. economy, in our view. Because we see a real risk that efforts to reduce future deficits may meaningfully miss the targets that Congressional leaders and the White House have discussed, we put the likelihood that we would lower the long-term rating on the U.S. within the next three months and potentially as soon as early August -- by one or more notches, into the 'AA' category -- at about 50-50.

http://imarketnews.com/?q=node/34115

[DVTimes]

U.S. AAA Credit Rating Downgraded By Egan-Jones -- Moody’s and S&P May Follow



Egan-Jones Ratings Agency – who called the 2008 financial collapse and lead Moody’s and S&P in putting the U.S on Credit watch – Cut U.S Debt Rating From AAA status over the weekend.

The LA Times reported last week that S&P and Moody’s has served the U.S government a reality check. Specifically they have put the U.S credit rating on a “credit watch”, and warned they may cut the AAA credit rating status.



http://www.examiner.com/civil-rights...s-p-may-follow

[DVTimes]

Egan-Jones Officially Cuts U.S. Credit Rating


Cutting a credit rating is significantly different that placing it on ‘watch’ or ‘under review’.

Most readers are likely fully aware that Standard and Poor’s and Moody’s have sent out serious warning signals about the potential downgrade of the United States AAA credit rating.

That said, another SEC officially recognized ratings entity has gone one step further and actually lowered Uncle Sam’s standing by one notch.

What firm is so bold and brazen to send this volley across Capitol Hill and down Pennsylvania Avenue?

Egan-Jones.

Unlike the supposed brand name rating agencies which did little to help ordinary investors going into our economic crisis, Egan-Jones’ business model differs markedly from the industry incestuous nature of its counterparts. The resulting lack of inherent conflict allows Egan-Jones to speak freely and boldly. What a novel concept.

http://wallstreetpit.com/79665-egan-...-credit-rating

[dyna mo]

well, i don't know if the egan-jones ratings impact anything but i will say that the political posturing re: the debt limit has impacted the economy already and if moodys (who is on record stating the debt ceiling is worthless, just remove it) and s&p downgrade our rating as a result, the impact will be off the charts, imo. i was reading about this the other day, when the u.s. came close to defaulting on ~150$ million once, the prime interest rate reacted with a full % point increase. trickle that shit down.........

[JamesGw]

If it dies, it dies.

[brassmonkey]

buy gold and your safe from the bullshit

[Tom_PM]

Havent you all been listening? Everything will be absolutely better because winning for the R's means winning for the job creators, and as we know from history over the past 11 years, when you dont ask people to pay any taxes, you have jobs and prosperity for everyone.

The problem with you worry warts is you've taken your blinders off. Just put them back on and everything is great and smells nice too.

[Caligari]

Originally Posted by brassmonkey

buy gold and your safe from the bullshit

Gold will not save you in an economic collapse.

Melting gold down into bullets would help though;)

[barcodes]

[Houdini]

This is like 2007 all over again. News just keeps getting worse and worse, and stocks keep going up. "Buy on the dip!," everyone keeps yelling. I'm starting a major short position in the S&P. It's going to come down soon and hard.

[_Richard_]

Originally Posted by topnotch, standup guy

what is this a picture of, and what significance does it have here?

[Caligari]

Originally Posted by _Richard_

what is this a picture of, and what significance does it have here?

http://en.wikipedia.org/wiki/Kaunas_pogrom
Massacre of jews in Lithuania 1941

not sure what the significance to thread is though, other than economic collapse = societal collapse maybe

[Choker]

Now your talking my language. If the world goes to shit guns and ammo will be the new currency. However for the same money spent on these weapons I could buy 10 pistol grip shotguns for $169 each, and how many boxes of 100 shotgun shells from wallmart for $24 a box? My personal stash is 1 AK47, 9mm,380, 7 shotguns. Ammo prolly 1000 rounds for all but the shotguns, I have like 50 boxes of 100 count 12 guage shells. Shotguns will be the king of the world if we have a apocalypse. My two cents lol

[camperjohn64]

My girlfriend made a comment, and I am starting to think she's right.

Take money out of the bank. If something "goes wrong", money will be good, but only for a little while. If you can't get your money out of the bank, you will have no window to buy food / water / fuel etc.

I don't think it will happen, but better safe than sorry.

[AtlantisCash]

time to learn how to sell porn to Japanese or learn how to convert Japanese traffic, it has been told on the news Their economy recovering fast

[Stinger]

Than you die to lol

[dyna mo]

Originally Posted by Choker

Now your talking my language. If the world goes to shit guns and ammo will be the new currency. However for the same money spent on these weapons I could buy 10 pistol grip shotguns for $169 each, and how many boxes of 100 shotgun shells from wallmart for $24 a box? My personal stash is 1 AK47, 9mm,380, 7 shotguns. Ammo prolly 1000 rounds for all but the shotguns, I have like 50 boxes of 100 count 12 guage shells. Shotguns will be the king of the world if we have a apocalypse. My two cents lol

you will be one of the 1st ones targeted and completed devastated by the hoard.

[CDSmith]

The US economy can be saved by taking out thousands of tiny classified ads.

[Caligari]

Originally Posted by Choker

I will only need one thanks.

interesting background, the manville projectile launcher was originally designed as a 12 gauge shotgun in the 30's and after being scrapped there was a huge surge in interest after the Dogs Of War movie came out and "Frankford Arsenal decided to renew the production with new materials and developed 12 ga, 25mm, and 40mm versions - calling it the Manville Projectile Launcher."
http://www.imfdb.org/wiki/Dogs_of_Wa...ctile_Launcher

[marketsmart]

Originally Posted by Jesus H Christ

I am not the doom and gloom type because it's free to hope for the best, but costs to plan for the worst. Also, being a homeowner with a invested retirement, you tend to lean towards government propaganda to bring collective confidence to the markets and to normalize society. WTS, there are very clear signs we're in a lot of trouble that won't be recognized by most Americans.

New Police manufactured fear for mass control.
Feds masquerading terrorist prevention to instill fear.
Useless wars to generate patriotic fervor and occupy the violent.
Politicians who grab for their corporate lobbying interest only.
Corporations who dictate tax terms, or lack of with threats of layoffs.
Massive debt that can't be paid back in three life-times.
President who lacks true leadership skills.
Federal Reserve who'll print more money regardless.
The public occupied with massive debt themselves, terrified.

A crash in inevitable because we are too far in debt as Americans bought into hope and change out of desperation. There were lot's of intelligent Jews who were marched off to their deaths with the same, hope and change ideology.

Obviously, it won't be that severe, but the concept of things will get better, with no positive direction option is just stupid. Society is degrading because we don't trust our policing, banks, politicians, the system, and sadly, each other.

As we go to work everyday to hang on to our financial and personal responsibilities we are oblivious that a crash is inevitable or how severe it will be. Again, the signs are clear as slow deliberate changes are occurring to prepare for the sudden fall.

That's how it's going to happen. You'll wake up one day and it's all over and they'll be chaos, anger, rioting, violence, and vigilantism. After all this subsides Americans will come together and understand a huge debt burden has been lifted. We'll spring back stronger with new rules in place, true confident leaders, and fresh memories of the worst case scenario. In this process we'll separate those who felt entitlements were their right, as they will suffer the worst being ostracized with public blame. In the end - we'll be stronger and wiser.

You see this was all planned by the rest of the world because we Americans grew displaced with entitlements causing our debt. As the rest of the world rebuilt from failed wars and political ideologies we grew fat and arrogant with confidence being the world reserve currency. Again, as the rest of the world understand the worst case scenario, our government turned into gangsters with our military and lost focus on how to generate stabilized true wealth. Meaning, why earn it when you can steal/exploit it and live in excess.

The crash will happen like this. Currently, there is a war going on between the dollar and the Euro. The debt ceiling debauchery is a well organized plan to see who blinks first because whomever holds out the longest gets to go on as normal. If the Euro fails it will only revalue the dollar as the worlds reserve and open up new markets in failed economies ie., a rally.

If the dollar fails the world will switch to a basket currency reserve with the Euro leading the way. I am certain this is what the rest of the world wants and to be honest, it's actually a good plan and inevitably the future.

spot on...

but the sheep will call you a tinfoil hat...

if the shit does hit the fan at some point, those sheep will be slaughtered by guys like me with lots of guns...





.

[dyna mo]

Originally Posted by marketsmart

spot on...

but the sheep will call you a tinfoil hat...

if the shit does hit the fan at some point, those sheep will be slaughtered by guys like me with lots of guns...





.

i like you. i hope your post-armageddon doomsday survival plan is well-thought out, implemented and has training in place and includes as many of your neighbors as possible. otherwise you too will run over by the hoard. it takes A LOT more than guns & ammo to be one of those shoot em up post armageddon dudes.

[barcodes]

Originally Posted by dyna mo

i like you. i hope your post-armageddon doomsday survival plan is well-thought out, implemented and has training in place and includes as many of your neighbors as possible. otherwise you too will run over by the hoard. it takes A LOT more than guns & ammo to be one of those shoot em up post armageddon dudes.

[dyna mo]

Originally Posted by barcodes

that's a good one. but does have several issues i read about. 1 is it stands out. even though it is out in the country, it sticks out in the area. the other thing i recall, could be wrong, was that they also did not include their neighbors. it's my understanding that is a fundamental requirement in going this route. i'm pretty fascinated by it all, not a survival guy like this though.

[Choker]

Plenty of guns and ammo CHECK
2 acres Fenced in property with 3 guard dogs CHECK
Deep water well CHECK
20k watts solar power system CHECK
Enough land to grow own food CHECK
Out of the city and defensible CHECK
Inground swimming pool for collecting rainwater. CHECK
That's the way you do it. LOL

[wig]

Originally Posted by bossku69

that would be shitty (calling CurrentlySober...)

i doubt it would happen, but hyper inflation could be just around the corner. better sell out on stocks fast, they will tank quickly

You guys kill me... hyperinflation would mean that stocks go up drastically, along with everything else priced in the hyperinflating currency.

Do you get your economics from cereal box or what?

.

[marketsmart]

Originally Posted by dyna mo

i like you. i hope your post-armageddon doomsday survival plan is well-thought out, implemented and has training in place and includes as many of your neighbors as possible. otherwise you too will run over by the hoard. it takes A LOT more than guns & ammo to be one of those shoot em up post armageddon dudes.

i picture myself more like mad max... a loner... traveling the wasteland with my trusty dogs... fucking shit up along the way and getting into adventures...

but i would probably end up at my parents place who have a natural spring, lots of land, and all the neighbors are well armed and would support each other..

i doubt it would ever get this crazy. i think we would tell china to go fuck themselves first and just get on with WW3...




.

[dyna mo]

Originally Posted by marketsmart

i picture myself more like mad max... a loner... traveling the wasteland with my trusty dogs... fucking shit up along the way and getting into adventures...

but i would probably end up at my parents place who have a natural spring, lots of land, and all the neighbors are well armed and would support each other..

i doubt it would ever get this crazy. i think we would tell china to go fuck themselves first and just get on with WW3...




.

i'm planning on joining up with a zombie outfit.

you know how hard it is to kill a zombie? pfft. + safety in #s, zombies travel in hoards. + no need to be on the defense, no one is ever after a zombie's shit, zombies are on the offense.... so why stock up and worry now when the natural survivor is the zombie.

[Dead]

Originally Posted by camperjohn64

My girlfriend made a comment, and I am starting to think she's right.

Take money out of the bank. If something "goes wrong", money will be good, but only for a little while. If you can't get your money out of the bank, you will have no window to buy food / water / fuel etc.

I don't think it will happen, but better safe than sorry.

I have not had any of mine digital for over a year now. Cash and carry! There is plenty of ways to pay bills, green dot and others.....She makes a perfect point, I for one, do not trust this government with my holdings. And IF it all does tank, cash will be king for a very short while, then resources. Gold can kiss an ass in the end game.

[marketsmart]

Originally Posted by dyna mo

i'm planning on joining up with a zombie outfit.

you know how hard it is to kill a zombie? pfft. + safety in #s, zombies travel in hoards. + no need to be on the defense, no one is ever after a zombie's shit, zombies are on the offense.... so why stock up and worry now when the natural survivor is the zombie.

thats the obvious choice if there's a full scale nuclear war...

but once you joined up with the zombies and then turned you, i dont think you would even know who you are anymore..

please get some identifying tattoo on your face, so if i run into you and your zombie buddies, i will spare your life...

unless you give me that look that some zombies give when they want you to end their pain...





.

[dyna mo]

Originally Posted by marketsmart

thats the obvious choice if there's a full scale nuclear war...

but once you joined up with the zombies and then turned you, i dont think you would even know who you are anymore..

please get some identifying tattoo on your face, so if i run into you and your zombie buddies, i will spare your life...

unless you give me that look that some zombies give when they want you to end their pain...





.

how about a code word like *tippytoe* ?

do zombies turn on each other? according to the movies i've seen, they all seem to work together pretty well.

[V_RocKs]

Entire world is our bitch.

[JFK]

Fitty DEAD economies