Financial Collapse summary - confirmed & suspected events.

reply to post by dimensionaljumper


What I find funny is you stated an answer to all my questions except the most important one.........what you actually do for a living that garners a late 20 somethign year old over $100,000 a year? LMAO!



[edit on 2-9-2009 by Zosynspiracy]

reply to post by venividivici


You can see the glass half empty or half full. But if you're not part of the solution you're part of the problem. If everyone had your attitude nothing would change. It might be an uphill battle but there is hope. There's always hope.

reply to post by Ex_MislTech


Everything down to the DONE ON PURPOSE link make sense to me.


Was the crash of 29 done on purpose?

reply to post by Zosynspiracy


software design.

reply to post by Zosynspiracy


....and you never asked me what my occupation was in the before-mentioned post.

Great Post and addition by Evasius!

The Global European Anticipation Bulletin published by LEAP2020
predicted with great accuracy the crash of 08...

They have definite ideas of what is in store for us this fall, and it is not a pretty picture. The crash is coming...no one is happy about it, and to recognize that the structure is condemnable is not doom and gloom it is a life saver.

LEAP/E2020 believes that, instead of « green shoots » (those which international media, experts and the politicians who listen to them (5) kept perceiving in every statistical chart (6) in the past two months), what will appear on the horizon is a group of three destructive waves of the social and economic fabric expected to converge in the course of summer 2009, illustrating the aggravation of the crisis and entailing major changes by the end of summer 2009… more specifically, debt default events in the US and UK, both countries at the centre of the global system in crisis. These waves appear as follows:

1. Wave of massive unemployment: Three different dates of impact according to the countries in America, Europe, Asia, the Middle East and Africa
2. Wave of serial corporate bankruptcies: companies, banks, housing, states, counties, towns
3. Wave of terminal crisis for the US Dollar, US T-Bond and GBP, and the return of inflation

LEAP20 20



[edit on 2-9-2009 by burntheships]

reply to post by gaslaugh123


I am and I do! Just like children do not like to take their medicine because it tastes bad, they must because it is best for them. Society, as a whole, is no different than those same little children. The medicine is coming whether they like it or not. The "Cure" is imminent. And THAT is the only stock I'm buying!

Originally posted by dimensionaljumper
And by the way, BOA is not going to shutdown 600 locations.

"A bank spokesman, James Mahoney, rejected a published report that the bank plans to shed 10 percent of its branches, a move that would cost thousands of jobs. But he said cuts would come as more consumers bank online or by phone."

The reason they will shrink the network of their banks over the next 5 years is be cause consumers don't use the physical banks as much as they used to. Most do their transactions online. And a large percentage of the workforce is paid via direct deposit.

www.cnbc.com...


Do you guys want the economy to collapse? If so, why? Are you currently not succeeding and thriving in this economic system? If not, why? When the going gets tough, the tough get going. There are millions of Americans that are currently thriving in this economic system. You could be one of them, but instead of figuring out how to thrive, you just complain and hope that the system fails, because you just cant seem to fit into it.

Sure, there is corruption in the markets. But there has always been corruption, and there will always be corruption, because it is a product of man. Man is flawed, and so are the systems he creates. Stop bitching about it, and go out there and get a better job, or better your education level people. Doom and gloom is so out of style!

****Fantastic Post**** Thank you.

reply to post by dimensionaljumper



LOL Hahah of course! And that would also explain your elitist, snobby, yuppee attitude towards kids and family as well. Being in college you should have been educated on the fact that the middle class has been dissolving into the rich and the poor for decades now................WAY BEFORE the housing boom. So your opinion that it is attributable to people living beyond their means is more a reflection of your personality and arrogance or attitude than it is of economic facts or sociological evidence.

Next you'll probably tell me you design video games!

reply to post by Zosynspiracy


Software design is such a vast field with tens of millions of people across the globe working in it, but yet you label an individual who works in this industry as elitist, snobby, and yuppee as if you expect this, just because he works in this field?

You sir, are misguided in your assumptions. I am not an elitist, nor snobby, and far from yuppee. I work hard for what I earn. Nothing was given to me. Software design is what enables you to correspond with me and everyone else on this forum right now. Without it you would not have this avenue to spew your misguided malice.

So instead of spewing your virtual hate, how about you agree to disagree like a civilized individual. Oh wait, do you even know what that is?

reply to post by dimensionaljumper


I never called you an elitist snobby yuppee because you are a software engineer. I called you an elitist, snobby yuppee because of your opinion in your post regarding family, kids, and your overall social darwinistic attitude regarding the middle class. You seem to think you're much harder working, much smarter than everyone else. You were responsible for designing the computer I'm using? So what........the garbage man picks up your trash every week. What's your point?

Plus you have yet to argue any of my points regarding the middle class. You are assuming most middle class Americans are in their situation because of their own doing. This is complete b.s. The middle class has been eroding into the haves and have nots for the last 30 years. Way before they were living beyond their means as you put it. And I shouldn't have to remind you of what defines middle class in America. That's sociology 101!

What about all your fellow college grads who can't find jobs? They are hardly uneducated yet are considered middle class right? Should they have all gone into software design like you? But then of course you wouldn't be making 100K a year. I mean who needs liberal arts or English majors or gasp......humanities majors when we can all go into the hard sciences and make lots of money?

[edit on 2-9-2009 by Zosynspiracy]

[edit on 2-9-2009 by Zosynspiracy]

reply to post by Zosynspiracy


It is not my fault that major corporations have been outsourcing jobs overseas for last 30+ years. Americans wanted $30/hour to assemble cars, while our Mexican neighbors down south would do it for $5/hour. Do you blame them?
Capitalism is a double edged sword.

You could not possibly believe that the American Dream would last forever, could you? You seem to believe that you are well-versed in social economics. So you must know that there was a flaw in the American Dream, and it was the word American. All men dream. All men want what America had during the manufacturing/production boom. All men want a piece of the pie. Hell, in southeast Asia and central America, they are happy with 1/100 of the the piece of the pie, i.e.($1 a day) and they are happy with it.

Americans feel they are entitled to decent paying jobs for low-skilled labor.
Supply and demand buddy. Thats what its all about. If you have a specialized job, you will make more money. Anybody can pick up a trash can and dump it in the truck. Not anyone can design a website or write the operating system running your computer.

I can go on and on, but people like you seem to be behind the times. I realized when I was in high school that the world and our country was changing fast. And that those with the needed skills for the future would thrive despite all the obstacles.

And I do not look negatively at those who have families. I think having a family can be a great thing, if you are a responsible parent. Hell, I'm sure that within the next few years I will probably settle down and get married, and maybe eventually even have children. But before I do this, I will ensure that I have a high probability of ensuring my family's needs are taken care of.

And about college grads out there that cant find jobs, or higher paying jobs? It was there choice to pursue the degree that they did, therefore narrowing their options in the working world. I'm not saying that we don't need humanitarians, but they need to be realistic knowing that the fields they are pursuing do not include decent salaries.

[edit on 2-9-2009 by dimensionaljumper]

[edit on 2-9-2009 by dimensionaljumper]

[edit on 2-9-2009 by dimensionaljumper]

reply to post by dimensionaljumper


Dimensionaljumper, keep going... You are right on target. I attended a Titans of Technology awards ceremony Friday evening. There were published and papered speakers trying to articulate your observations to the four generations of attendees. You are doing much better than the speakers did.

You hang in there buddy.

[edit on 2-9-2009 by Tour18]

reply to post by Zosynspiracy


You completely missed the point of my reply. Judging by your replies in this thread it doesn't surprise me that you jump to conclusions though. You seem to have anger issues and a chip on your shoulder.

My point again is that the Internet prophets and news headlines you included in your OP are far from reality. I have yet to see rioting, in fact I would argue the public has become even more complacent. How many people attended tea parties. And don't use the excuse the media played it down so nobody knew about it.

All the predicitions of a "summer of hell", crumbling stock market, bank holidays, imploding USD, massive store closings, blah blah blah never came true.

Life goes on. Remember Y2K

reply to post by dimensionaljumper


You sound like a brainwashed globalist. Good for you! Maybe you should go work in Southeast Asia if you are so fond of the culture and the life over there. The entire reason you make the salary that you did is because of the "American pie" and the fact that Americans have decent paying jobs. You know how much you'd make as a software engineer over in India? Less than 30K buddy. That's because over in India there are tons of brainiacs that can do what you do and are willing to do it for pennies on the dollar. If you don't believe in America or Americans or American economic sovereignty that's fine. But don't crap on the hand that feeds you. Your attitude is insulting and closed minded to say the least. Americans are some of the most innovative, hardest working people around. Our unwillingness to work for pennies on the dollar and our demand of fair price for our labor or a "living wage" is what has separated us from other nations throughout our history. That you fail to grasp that concept says a lot. That's why we are different than the Chinese, the Indians, and a whole host of other countries. It's not because we feel we are "entitled". And you're wrong. Capitalism in America isn't a double edged sword............because we haven't had it in over 100 years.

[edit on 2-9-2009 by Zosynspiracy]

[edit on 2-9-2009 by Zosynspiracy]

reply to post by dimensionaljumper

Any job that has a "living wage" in the US can be done by ppl from
other countries for less.

You may be an engineer, but I assure you they have them in Asia
as well and can get them to work for less and less as time goes on.

The difference is, they do not have OSHA, EPA, and a myriad of
other agencies charging licenses, fees, and intricate paperwork
that requires head count just to deal with the legal blizzard of
paperwork.

So the corporations who have no care for their fellow man, even
though the corporations have more rights than human beings,
ship the jobs offshore or bring in a cheap labor via one of the
68 different types of Visa's.

The abuse of the Visa's has been well documented thru various trials.

It is not true competition if you are handicapped against your opponent.

China uses political dissidents in slave camps.

There is no way ANYONE is going to beat that price unless they
build robots that fix themselves.

Globalization will be and has been a race to the bottom.

And that is where the US will end up because its safety laws, and
labor laws, and many other laws and taxes, licenses, fees, and
blizzard of paperwork have crippled it into the position it is in.

reply to post by venividivici


Things aren't over yet genius. You are absolutely clueless if you really think we've seen the worst of what's coming. When you throw a stone into a pond the stone falls rather quickly to the bottom after hitting the water. But the ripple effect continues on long after the stone has dropped. The "ripple effects" will be seen for quite some time. My kids and even my grandkids will be dealing with the crap that we are dealing with now. That is if there is even a sovereign America left. Judging by your posts and those of the other guy you guys could care less. And you're calling other Americans complacent? Rome wasn't build in a day. And neither was this economic mess. I agree much of the gloom and doom crap has been premature and overstated but we are only a few years into this mess. Our economy has been dying a slow death for decades now.

reply to post by Ex_MislTech


Exactly right! I am a network and security engineer who understands quite well that India/China or any other country will do what I do for a fourth of the cost. I don't have to be at my company's office to do my work which means that I don't have to be in this country.

I don't think dimensionaljumper or venividivici understands economics. There is no even playing field for businesses. You speak of capitalism being the reason Mexico builds our vehicles now instead of the US. Seriously? Capitalism? It relates to other countries not having to abide by standards, ethics and morals. Places like China and Mexico and India where there are still "untouchables" and no worker rights. You are going to say that is part of capitalism? I'm sorry that you are in the tech field with me as some could lump us together and we are no where near the same.

I'm not going to jump to conclusions or call names. No thank you. But I am curious if you have an BHO bumper sticker, either of you.



No shame if you do. But it sounds more like socialism is catching on. Easy to say when you have no one depending on you to follow the rules and continue to earn a living. That's called responsibility. Don't confuse it with someone feeling like they have to get married and have children to fulfill something. Enjoy being young and having money but don't look down on those that choose a different lifestyle.

[edit on 2-9-2009 by Roadblockx]

I have been lurking around and this is my first post. Mostly because I had nothing to contribute. I'm sure that you can tell by my name that I a am precious metals broker. The price of Silver and Gold has spiked today and should continue to do so through the whole month of Sept. There are alot of reasons why as sure most of you already know. But 2.5 weeks ago China allowed their citizens to purchase Silver as an investment vehicle. In fact they are urging them to do so. They did this with Gold back in 05. That year Gold went up 18% then 23% in 06 and 32% in 07. If I were you guys I would purchase as much Silver as you can. Just putting in my 2 cents.

reply to post by Zosynspiracy


"That's why we are different than the Chinese, the Indians, and a whole host of other countries."

The Chinese and Indian middle class are quickly catching up to our middle class in terms of wealth.

I am an American citizen but work abroad. Oh, and by the way. My company is not an American based company, it is an Asian based company. So you could say that I am an outsourced resource.