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Forums - Politics Discussion - The End is Near: We Just Enjoyed the Last Christmas in America

RCTjunkie on 06 February 2015

I've always wondered why people try to predict the end times. It's not like we'll be around for them to say I told you so.



WHO IS JESUS REALLY?

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Aeolus451 on 07 February 2015
mai said:
Aeolus451 said:


Well,  actually I skimmed through it. I also skimmed through the source. The Title "The End is Near: We just enjoyed the last christmas in america" is a flatout lie or just plain ol' click bait. Since the title implied that this is a The end thread, I just played right along with it. The same could be said of the article itself.

Yes it is, Captain Obvious. The article by itself is not about Christmases though, the core quote of the article.

Borrowed money and phony financial legerdemain (mortgage-backed securities, derivatives based on the MBS, etc. etc.) from 2000-2007 created what I have termed a "bogus prosperity": no actual new productive wealth was created, only a brief and self-liquidating bubble of debt-based housing and stock valuations.

Today it's 2008-2009 all over again, except MBS have been replaced by a mountain of shale oil and gas derivatives.


So it's about another bogus prosperity? No wonder they used click bait to get people to read it.



jigokutamago on 07 February 2015

So we cannot celebrate the birth of Christ because of debt.............



....damn.



mai on 07 February 2015
Aeolus451 said:
mai said:

Yes it is, Captain Obvious. The article by itself is not about Christmases though, the core quote of the article.

Borrowed money and phony financial legerdemain (mortgage-backed securities, derivatives based on the MBS, etc. etc.) from 2000-2007 created what I have termed a "bogus prosperity": no actual new productive wealth was created, only a brief and self-liquidating bubble of debt-based housing and stock valuations.

Today it's 2008-2009 all over again, except MBS have been replaced by a mountain of shale oil and gas derivatives.


So it's about another bogus prosperity? No wonder they used click bait to get people to read it.

It's about the same "bogus prosperity" in author's terms, a few quotes from Guan Jianzhong I posted earlier:

This crisis was transmitted to the entire world through the policy of quantitative easing and the use of the printing press. All the countries had to pay for that... These countries [US, EU] develop only if there is consumer demand while the main potential for this consumption is based on borrowings. The US, the EU and Japan are increasing consumption through growth in crediting, which poses a risk... global economy has been based on the model that promotes consumption through funds that will be earned in the future.

Essentially they're talking about the same thing.



WagnerPaiva on 07 February 2015

I will see your optimistic prognostic and I will raise World War 3 till the end of the year, plus one asteroid, plus alien contact and a rapture of the saints in september.



My grammar errors are justified by the fact that I am a brazilian living in Brazil. I am also very stupid.

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raidinglarastomb on 07 February 2015

Lol its not the last Christmas. You know the USA could always default on the debt the owe. Which would have a worse effect for othe countries. Also they could print more money. At least ye have does options not like ireland



old skool

Wh1pL4shL1ve_007 on 07 February 2015
jigokutamago said:
So we cannot celebrate the birth of Christ because of debt.............



....damn.


Thanks obama



Yay!!!

mai on 07 February 2015
raidinglarastomb said:
Lol its not the last Christmas. You know the USA could always default on the debt the owe. Which would have a worse effect for othe countries. Also they could print more money. At least ye have does options not like ireland

For 12389324789234892378423 time, the external debt is not the most important thing here, but intetnal. Gonna default on it too? That's the worst case scenario, gonna work for food for the rest of the century. Good luck.



Dr.Henry_Killinger on 08 February 2015
mai said:
KLAMarine said:
Ya don't say?

1. Saying what? Anyway I'm not saying anything, just reprinting what I consider interesting piece of analytics. My only part was "the end is near" for dramatic effect.

theprof00 said:

Yeah I'm not buying it.
Alarmist propoganda.

Perfect use of the homer simpson pic.

2.It could have been propaganda if that was some official, corporate or mainstream outlet, not some personal blog. 3.Practically all "alarmist" opinions on the matter exists within "alternative" media like OTM.

0815user said:
global negative interest rate on all savings above a certain volume per person/company + global minimum wage. problem solved.

4.What interest rate did you mean specifically? Not quite getting the "global" part, Fed's refinancing interest rate? Deposits? All of them?

5.If the former, that'd mean "free" money for commercial banks, effectively Fed is lending its money-printing machine to everyone else. After few rounds of QE, it should be clear that won't fix anything.

Teeqoz said:
US is certainly not the only country in economic trouble. China's rapid growth has stopped (and their real-estate bubble is way worse than the US' bubble!), Russia's economy is quickly going down the crapper etc.

6.You're missing the point. First of all, we're talking about global economy and therefore everyone is interconnected at some level. Second of all, you repeat stereotypes (especially if that's CNBC).

2. Alarmism is not mutually exclusive to corporate interest, regardless of the fact that the blog you cited is of a published author who benefits finacially from drawing attention to himself. In some ways, OP is an advertisment.

3. Demonstrably false.

1. Using "The end is near" is by definition, being alarmist.

4-6. Don't really feel like addressing.



In this day and age, with the Internet, ignorance is a choice! And they're still choosing Ignorance! - Dr. Filthy Frank

mai on 13 February 2015
Dr.Henry_Killinger said:

Alarmism is not mutually exclusive to corporate interest, regardless of the fact that the blog you cited is of a published author who benefits finacially from drawing attention to himself. In some ways, OP is an advertisment.

Uh-huh, you caught me, I'm Charles H. Smith, and I'm desperate to gather few more clicks :D

I understand that we're at different stages of Kubler-Ross model, but after so many years I hoped people have moved at least an inch from "denial" stage.