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-   -   Is the world economy a GIANT PONZI SCHEME? Find out here (https://gfy.com/showthread.php?t=953652)

$5 submissions 02-14-2010 01:06 PM
Quote:
Originally Posted by Redrob (Post 16849329)
Look what is happening in Greece. One-third of the population on government payroll and system has collapsed. Germany is the only country with enough economic power to save Greece and they aren't crazy about the idea. However, if the Germans don't act, the EEC risks a domino effect of collapses as poorer nations go down.

The real bitch is the problem can again be traced back to Goldman Sachs and the Wall Street investment firms. Not good.

Article: "Wall Street aid led Greece, other nations into debt"
Do you think that, AT SOME POINT, the system is "too big to fail"?

Bman 02-14-2010 01:23 PM
Empires fail..its just progress...a 100 short years ago it was the British Empire.

RayBonga 02-14-2010 01:31 PM
Quote:
Originally Posted by DudeRick (Post 16848220)
So if the dollar is going to be worthless, our econamy is going to be trash and the porn business is dead, where are you guys putting your money?
guns and canned food :2 cents:

dav3 02-14-2010 01:31 PM
http://iovotopli.files.wordpress.com...onpaul2012.jpg

RayBonga 02-14-2010 01:37 PM
my favorite quote on gold

[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.
- Warren Buffett

dyna mo 02-14-2010 01:50 PM
Quote:
Originally Posted by Bman (Post 16849576)
Empires fail..its just progress...a 100 short years ago it was the British Empire.
whatever happened to the british?

IllTestYourGirls 02-14-2010 02:11 PM
Quote:
Originally Posted by RayBonga (Post 16849584)
guns and canned food :2 cents:
Yup. Ive said it for a few years now, if you dont have 3/6/12 months worth of food stored you are fucking crazy. This country is one major 9/11 style terror attack away from a very deep and long lasting depression. :Oh crap

mayabong 02-14-2010 02:15 PM
Quote:
Originally Posted by dyna mo (Post 16849153)
i am basing this on my degree in ancient history from UC Berkeley.

I could be wrong but I don't think so. as I learned about the history of civilizations, each of their collapses was not caused by a devalued currency. it's not a fact that the last stage of en empire on the verge of collapse is characterized by printing money.

maya, mesopotamia, chaco canyon, roman empire, han dynasty, greece, british empire, etc. none collapsed via money printed in a way that contributed to their decline, let alone create the collapse.
You may be right.. One thing that most have in common is the spread of their empire too thin that eventually bankrupted the country, therefore making them create more money out of thin air to try to stay afloat... maybe?

dyna mo 02-14-2010 02:22 PM
Quote:
Originally Posted by mayabong (Post 16849668)
You may be right.. One thing that most have in common is the spread of their empire too thin that eventually bankrupted the country, therefore making them create more money out of thin air to try to stay afloat... maybe?
it's my understanding that that is a component. another big part is inept management/leaders.

that being said, history is constantly being re-written, they way things were portrayed to me in college 15 years ago might have new angles and a tie can be made to printing money is a root cause.

but for instance, the mayans, historians can't even agree on what sort of currency they even used, lolz.

at least that is how i understand it, fun topic for sure!:thumbsup

$5 submissions 02-14-2010 03:28 PM
Quote:
Originally Posted by dyna mo (Post 16849153)
i am basing this on my degree in ancient history from UC Berkeley.

I could be wrong but I don't think so. as I learned about the history of civilizations, each of their collapses was not caused by a devalued currency. it's not a fact that the last stage of en empire on the verge of collapse is characterized by printing money.

maya, mesopotamia, chaco canyon, roman empire, han dynasty, greece, british empire, etc. none collapsed via money printed in a way that contributed to their decline, let alone create the collapse.
Dude, you went to Cal too? Go Bears! Evan and Mike from Xpays are friends of mine from my Cal days.

dyna mo 02-14-2010 03:32 PM
Quote:
Originally Posted by $5 submissions (Post 16849802)
Dude, you went to Cal too? Go Bears! Evan and Mike from Xpays are friends of mine from my Cal days.
right on! i graduated in 96, ancient history/computer science, when were y'all there? what did you study?

u-Bob 02-15-2010 03:51 PM

$5 submissions 02-15-2010 06:34 PM
Quote:
Originally Posted by dyna mo (Post 16849807)
right on! i graduated in 96, ancient history/computer science, when were y'all there? what did you study?
Class of 92, degree in History focused on developing countries. Evan and Mike were in the class a year or two after me.


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