Hearing the truth is almost strange

[mrdii]

Call me a noob but wasn't there a recession in about 2009 which we're currently recovering from? I don't know much about economics and markets but know my dads income was slashed in half around that time, and is still low.

However, it still wasn't a huge recession was it? I mean, I stayed in my house and if honest, didn't really feel the effect of it - sure, times were tighter, but it wasn't terrible. But is this guy saying there could be a crash of epic proportions which would lead to all liabilities becoming nothing and assets becoming major (Another great depression?!)
Call me naive, but it doesn't look like this is happening any time soon, but what do I know?!

On a separate note, it always annoys me when people say "Leave cities and live of the land" type talk. There's a reason why everyone's lives in/near cities, and that reason is because they're lively, exciting and give the best life quality/opportunities. And I'm not talking work/money either. If people truly wanted to live like a tribe then go do it, but no-one ever does (point proven).

[zerbaman]

I find it odd that people are now rejecting his statements because he's not part of some corporation. What difference does it make? His points aren't much less true. The government can't help in such situations, if it were to collapse, they'd just raise taxes and reduce spending...

[dubduck]

http://www.telegraph.co.uk/finance/econ ... rader.html

http://www.zerohedge.com/contributed/go ... ice-lately

[hackman]

On a separate note, it always annoys me when people say "Leave cities and live of the land" type talk. There's a reason why everyone's lives in/near cities, and that reason is because they're lively, exciting and give the best life quality/opportunities. And I'm not talking work/money either. If people truly wanted to live like a tribe then go do it, but no-one ever does (point proven).

hahahaha
i love how according to you if you choose to not live in a city the only other option is to live like a tribe

and how only in cities are the exciting and best of life quality/opportunities

either your life is very dull or you have absolutely no imagination

and people who get annoyed about choices other people have every right to make, annoy me to no end

[hackman]

http://www.zerohedge.com/contributed/go ... ice-lately

it's sort of obvious he was referring to a multitude of international corporations, rather than just goldman sachs lol

[Perfecture]

As much as people will slam me for this, Zeitgeist is the way forward.

It ain't a cult like some people say, it doesn't spoon feed you conspiracy theories and say that you HAVE to believe them, it encourages you to open your eyes and not take everything for how it is, but to delve in ask the question WHY!!!!.

What this guy says about Goldman Sachs is what Zeitgeist said well before.

[AllNightDayDream]

Call me a noob but wasn't there a recession in about 2009 which we're currently recovering from? I don't know much about economics and markets but know my dads income was slashed in half around that time, and is still low.

However, it still wasn't a huge recession was it? I mean, I stayed in my house and if honest, didn't really feel the effect of it - sure, times were tighter, but it wasn't terrible. But is this guy saying there could be a crash of epic proportions which would lead to all liabilities becoming nothing and assets becoming major (Another great depression?!)
Call me naive, but it doesn't look like this is happening any time soon, but what do I know?!

On a separate note, it always annoys me when people say "Leave cities and live of the land" type talk. There's a reason why everyone's lives in/near cities, and that reason is because they're lively, exciting and give the best life quality/opportunities. And I'm not talking work/money either. If people truly wanted to live like a tribe then go do it, but no-one ever does (point proven).

The crisis in question is the impending doom of the euro. One of the main problems with the crisis over there is that the EU doesn't have the authority to regulate its currency the way we do, which is why through the stimulus and bailout packages we may have seen a slowdown in the economy but life goes on like normal for most americans.

Whatever investments we have in the euro will definitely suffer, but this could actually benefit us in the long run, especially in terms of the strength of the dollar.

[faultier]

The crisis in question is the impending doom of the euro. One of the main problems with the crisis over there is that the EU doesn't have the authority to regulate its currency the way we do, which is why through the stimulus and bailout packages we may have seen a slowdown in the economy but life goes on like normal for most americans.

Whatever investments we have in the euro will definitely suffer, but this could actually benefit us in the long run, especially in terms of the strength of the dollar.

i'm in no way an economic expert, so i might be wrong, but the understanding i have of the situation is that the US isnt faring much better than the EU right now, the way i see it i think US media are trying to make it look better on your side of the ocean like "look at the EU, they're fucked, but we are still numero uno ! USA USA !"

note, european media do the same like "look! USA got downgraded by moody's, we be kings of the world now"

excerpt from an interesting article i read (full article here:http://www.leap2020.eu/Global-systemic- ... a6679.html):

"The Anglo-Saxon financial operators have played sorcerer's apprentice for the last year and a half and the first headlines in the Financial Times in December 2009 on the Greek crisis quickly became a so-called "Euro crisis". We will not dwell on the vicissitudes of this enormous chicanery with a news item (8) orchestrated from the City of London and Wall Street, as we have already devoted many pages to it in a number of GEAB issues throughout this period. Suffice it to say that eighteen months later the Euro is doing well while the dollar continues its downward spiral against major world currencies; and that all those who bet on the collapse of the Eurozone have lost a lot of money. As we anticipated the crisis favors the emergence of a new sovereign, Euroland, which now allows the Eurozone to be much better prepared than Japan, the United States or the United Kingdom (9) for the Autumn 2011 shock ... even if it ends up, quite reluctantly, playing the role of detonator. The "bombardment" (since we must call things by their proper name) (10), interspersed with breaks of several weeks (11), to which Euroland has been subjected during all this time, in fact had three consecutive major effects, two of them far from the results expected by Wall Street and the City:

1. at first (December 2009 - May 2010), it removed the European currency’s sense of invulnerability formed in 2007/2008, introducing doubts about its durability and more precisely putting the idea that the Euro was the natural alternative to the US dollar (or even its successor) into perspective

2. then (June 2010 - March 2011), it conducted Euroland leaders to start work at "top speed" on all measures to safeguard, protect and strengthen the single currency (measures which should have been taken many years ago). In so doing it has revitalized European integration and reinstated the founding core at the head of the European project, thus marginalizing the United Kingdom in particular (12). At the same time it has boosted increasing support for the European currency from the BRICS, headed by China, which after a moment of hesitation became aware of two fundamental points: first Europeans were acting seriously to face up to the problem and secondly, given the Anglo-Saxon determination, the Euro was obviously an essential tool for any attempt to exit the "dollar world" (13).

3. Finally, (April 2011 - September 2011), it is currently compelling the Eurozone to start reaching for the sacrosanct private investors to make them contribute to solving the Greek problem especially via “voluntary” repayment rescheduling (or any other form of cuts in expected profits) (14).


And with this fourth series one enters the heart of the contagion process that will trigger the US federal debt bomb. Because, first, in creating a global media and financial environment ultra-sensitive to the issues of government indebtedness, Wall Street and the City have revealed the unsustainable size of US, British and Japanese government deficits (20). This has even forced the rating agencies, faithful watchdogs of the two financial centres, to engage in a mad race to downgrade countries’ ratings. It is for this reason that the United States now finds itself under the threat of a downgrade, as we had anticipated, even though it seemed unthinkable to most experts only a few months ago. At the same time, the United Kingdom, France, Japan... also find themselves in the rating agencies’ crosshairs (21).

Remember that these agencies have never forecast anything of importance (neither subprime, nor the global crisis, nor the Greek crisis, nor the Arab Spring, ...). If they downgrade willy nilly today it’s because they have been caught at their own game (22). It’s no longer possible to downgrade A without affecting B’s rating if B is no better off. The "assumptions" on the fact that it’s impossible for any particular state to default on its debt have not withstood three years of crisis: this is where Wall Street and the City have fallen into the trap which threatens all aspiring sorcerers’ apprentices. They have not seen it would be impossible for them to control the hysteria kept up over Greek debt. So today it’s the US Congress, with the bitter debate on the debt ceiling and massive budget cuts, that the consequences of the misleading articles in recent months about Greece and the Eurozone enlarge. Once again, our team can only stress that if history has any sense, it’s certainly a sense of irony."


tl,dr: one thing i'm sure is i'm witnessing the US dollars> Euros conversion rate getting weaker each day on Discogs

[RightOnTime27]

tl,dr: one thing i'm sure is i'm witnessing the US dollars> Euros conversion rate getting weaker each day on Discogs

Amen Brotha! Even with ridiculous shipping costs its cheaper to buy overseas now. Fuckin earcandy and their $16 dollar 12's.