Imminent economic collapse

[Brent S]

I don't think we will have a collapse anytime in the near future, but I do think inflation is going to start soon. The dollars value is going to go down a lot. All that debt is going to catch up with us sooner or later. I still think we should be holding some of our politicians responsible for the mess we are in. Throw a few in jail for gross mismanagement and mayby it would make the rest think before spending more than they can afford.

 

[bigpaul]

I think economics is the main thing at the moment, especially where Europe is concerned, its not just Greece, Spain Italy and Portugal have their own economic problems too, even France and Germany are not immune. Britain is a net contributor to the EU and (IF) when we get our referendum next year the outcome might have serious repercussions for the EU as a whole. if the EU collapsed-and that is quite possible, its a failed project- many countries are just waiting to see what Britain will do before they make their own move.

 

[Brent S]

I think economics is the main thing at the moment, especially where Europe is concerned, its not just Greece, Spain Italy and Portugal have their own economic problems too, even France and Germany are not immune. Britain is a net contributor to the EU and (IF) when we get our referendum next year the outcome might have serious repercussions for the EU as a whole. if the EU collapsed-and that is quite possible, its a failed project- many countries are just waiting to see what Britain will do before they make their own move.

I think the whole world is pretty well connected now financially. Unfortunately there are serious problems in too many places, and the forecast isn't looking good for anyone. I don't think any country is immune to the problems today.

 

[bigpaul]

when we look around and see what is going on around the world, it dosent bode good for the future, personally I think we are heading for one big crash which will bring on societal collapse.

 

[Brent S]

when we look around and see what is going on around the world, it dosent bode good for the future, personally I think we are heading for one big crash which will bring on societal collapse.

I glad I'm not a kid just starting out in the world today. I think they are going to be the ones seeing major changes during their lifetimes. As the economy gets worse, even without a big collapse, you will see violence increase. People aren't nice when they are hungry, and lots of them weren't very nice to begin with!

 

[bigpaul]

I am concerned about the reliance on technology, which is okay whilst we can access technology or we can afford to access it but what happens when we cant? I know just how much people like their facebook, twitter and the like. heck I see kids walking down the road, head down, texting each other and the person they are texting is walking alongside them!! once something happens to remove that technology, say economical or political how long can a country function without its technology? shut down technology or the means to access that technology and you will see the collapse of the banking, power and communications industries, we will all be living in what to all intents and purposes a third world country, and just how many people today can live like that or would want to, as I said, societal collapse would be inevitable.

 

[Michael HM Murdock]

Money is a big problem around the world but ZA is not in debt so we're fine and perhaps the rand will be strengthened provided it isn't gold that plummets in which case despite my young age, my bow flameberge and throwing knives are all I need.

 

[Brent S]

I am concerned about the reliance on technology, which is okay whilst we can access technology or we can afford to access it but what happens when we cant? I know just how much people like their facebook, twitter and the like. heck I see kids walking down the road, head down, texting each other and the person they are texting is walking alongside them!! once something happens to remove that technology, say economical or political how long can a country function without its technology? shut down technology or the means to access that technology and you will see the collapse of the banking, power and communications industries, we will all be living in what to all intents and purposes a third world country, and just how many people today can live like that or would want to, as I said, societal collapse would be inevitable.

I think the young generation of today would have a really hard time adjusting. I would really miss most of the comforts I have, like a/c, the ability to enjoy watching the evening world news and weather, the ability to just pick up a phone and talk to someone hundreds of miles away, etc.

 

[tntboy13]

Holy Moly..... The thought of Ohio's sweltering-humid summers and frigid winters without climate controlled environments terrifies me.... The cold I can take, but 90% humidity and 90 degrees putting the heat index at 110..... Thats no good for me....

Anyway though, I will say that I have major concern about the economy moving into september and october. I dont really have any reason why, but I have always had this unsettling feeling that oct of 2015 was going to be when things start to roll downhill really fast. It is interesting though how many more people are starting to sound the alarm for crisis. I dont know if theyre at all credible or if theyre like the people saying gold oil and silver are all going to zero.

Regardless of when something should happen, keep prepping my friends.

 

[Brent S]

Holy Moly..... The thought of Ohio's sweltering-humid summers and frigid winters without climate controlled environments terrifies me.... The cold I can take, but 90% humidity and 90 degrees putting the heat index at 110..... Thats no good for me....

Anyway though, I will say that I have major concern about the economy moving into september and october. I dont really have any reason why, but I have always had this unsettling feeling that oct of 2015 was going to be when things start to roll downhill really fast. It is interesting though how many more people are starting to sound the alarm for crisis. I dont know if theyre at all credible or if theyre like the people saying gold oil and silver are all going to zero.

Regardless of when something should happen, keep prepping my friends.

I saw last night that Asian stocks tanked again, so ours is likely to do the same today as well. I'm still not worried as I can't touch any of my retirement funds for at least 8 yrs. hopefully whatever mess we go thru will be on the way back up by then. I am glad I'm not a stock broker though .

 

[bigpaul]

I think the young generation of today would have a really hard time adjusting. I would really miss most of the comforts I have, like a/c, the ability to enjoy watching the evening world news and weather, the ability to just pick up a phone and talk to someone hundreds of miles away, etc.

most people in this country could not function without technology we have become so reliant on it. take away that technology and the majority would go to pieces.

 

[Silent Earth]

This from the Telegraph today of a Labour economic advisor

Note THIS comment from Labours Damien Mc Bride in Telegraph this afternoon

14.08

"Get shopping"

Not everyone's taking today in their stride. From former Labour former spin doctor Damien McBride on Twitter is battening down the hatches and buying some spam.

 

[Gazrok]

He's not the only one.

But, I don't think we're going to be there yet...nor anytime soon.

There is at least one potential overriding factor that can prevent the collapse.

Simply put, the powers that be don't want it to, so they won't let it. So, they'll do everything in their power to keep folks from panicking and pull out all the stops to keep things moving, because without that, THEY no longer have control. In this case, our best interests (or at least our basic needs being met) are in their best interests also.

 

[Gazrok]

Pretty much, market was down over 1000 points this morning, but now, just down over 400 points. Corrections...ain't they fun?

 

[Brent S]

Pretty much, market was down over 1000 points this morning, but now, just down over 400 points. Corrections...ain't they fun?

The wild swings are insane. Twenty years ago if the market moved 100 points the sky was falling. In one week now it has lost 1600 points! Final tally just for today was down 588 points. I'm glad I tend to not be a nervous person.

 

[Arcticdude]

most people in this country could not function without technology we have become so reliant on it. take away that technology and the majority would go to pieces.

Technology is one of the things I can easily live without. When I retired in April I turned in my company "Smart" phone and haven't missed it yet. My wife still has a cell phone as she travels out of state for work. She'll retire soon and will probably give up her cell phone too. She has a desk top computer in her home office for now and I have an old laptop with about a dozen keys missing, thanks to being "dropped" repeatedly. These will be thrown away when we leave our current location for good. Our BOL is in the mountains so A/C won't be needed and heating will be with wood.

 

[bigpaul]

I have an old fashioned Nokia mobile phone, I only use it for emergencies so it dosent get used much, I look at it once a month to see if it needs charging, that it, WTSHTF I will "drop it in the water bucket and ride out!"(ref the magnificent seven).

 

[Brent S]

Technology is one of the things I can easily live without. When I retired in April I turned in my company "Smart" phone and haven't missed it yet. My wife still has a cell phone as she travels out of state for work. She'll retire soon and will probably give up her cell phone too. She has a desk top computer in her home office for now and I have an old laptop with about a dozen keys missing, thanks to being "dropped" repeatedly. These will be thrown away when we leave our current location for good. Our BOL is in the mountains so A/C won't be needed and heating will be with wood.

I haven't had a cell phone in about 9 yrs now. And yes I'm still alive! When I sold my buisness and moved to the country, I was tired of people calling me in the middle of the night for the last twenty years, so I got rid of it. I am actually thinking about getting one soon though. I am going to start another buisness with my son, so I guess it will be needed again. I have no problem with using one for work, or for security for a woman traveling alone, etc., but why does every 6th grader in the U.S. need one?

 

[Michael HM Murdock]

I've got an S5 mini and I hardly use it, maybe once or twice a day. Technology will be our downfall so I also have a flip phone that runs on short wave.

 

[Brent S]

Looked like the market finally hit bottom today, till the end and it sank more! I saw my company's stock sank more than ten percent in a week. Glad I'm not ready to retire.