I'm getting a bit scared now...

As some posters have predicted, precious metals and commodities such as oil and corn are going up and up, while the US dollar is going down. I live in another country, but I don't wish to see this kind of thing going on in the US. Not only will a lot of people suffer economically, but if the US economy suffers it will pull down the rest of the planet with it.

How much worse do you believe the US economy will get over the next six months or a year? Will this just be another 'dip', or will things get 1930s Great Depression bad (or worse)..?

Or will the US somehow pull a magic rabbit out of a hat and turn things around soon?

reply to post by LS650


I think the thing that scares me the most (besides the economy truly tanking) is that deep down most Americans still trust the Government to somehow 'figure it all out and fix it' and never REALLY worry about not being able to feed your family because your money is now worthless.

Its going to happen, its only a matter of time. Get ready why you still can. I think this goverment shutdown will be the spark that lights the powder keg

It will happen. . . .

Originally posted by LS650
As some posters have predicted, precious metals and commodities such as oil and corn are going up and up, while the US dollar is going down. I live in another country, but I don't wish to see this kind of thing going on in the US. Not only will a lot of people suffer economically, but if the US economy suffers it will pull down the rest of the planet with it.

How much worse do you believe the US economy will get over the next six months or a year? Will this just be another 'dip', or will things get 1930s Great Depression bad (or worse)..?

Or will the US somehow pull a magic rabbit out of a hat and turn things around soon?

edit on 8-4-2011 by LS650 because: (no reason given)

Oh its going down allright, and there are these guys that ride around with a guy named Soros who think they are gonna run some new world economy..................lol

There is no controlled way to pull down the dollar like they been tryin', and your gonna see trials done on a tree stump.

SGHTF

Don't worry, we've got it covered. If things go up in price you just need more money to pay for them. The US government has it all figured out, obviously we just need to print more money so there is enough of it to go around. I know it seems crazy that such a simple solution would work so flawlessly. But clearly TPTB that know so much more than us "little people" seem to have it all figured out.

I think the magic rabbit is world domination.

But whatever happens we all have each other, so duck when shot at and aim for the head!

reply to post by LS650


Something big (I mean really big, bigger than a recession) is actually overdue to happen here, if you subscribe to the theory of "turnings" (and I do). There's a great book, called The Fourth Turning, by Strauss and Howe. It explains how society goes through a series of phases after it reaches the point of civilization (that is to say, this pattern of phases is not present in tribal communities, etc.)

According to Strauss and Howe (historians), we haven't yet reached the climax of the current fourth turning, which usually entails a great war and/or a great depression crisis.

So yes, I think it will get much worse. OTOH, these turnings aren't exclusive to the US, so what the hey I guess I'll stick it out here.

It's very interesting reading:

www.fourthturning.com...

www.fourthturning.com...

ETA: Not that it isn't happening already, it is. But as the camaro poster said, we're still missing the catalyst that lights the powder keg. Which Strauss and Howe also delve into in the book.

The US will fall. You are no longer the elite's star protege. Your leaders sold you out a long time ago. And since then they've just been milking you guys for what's left. But it will not end well.

There is a huge difference in wealth between the lower class and the upper class. You all know that. Whenever the peasants get too discomforted they rebel, always. So have fun.

What you're watching right now in America and EU is the set up of it's citizens.

Socialists, radicals, communists, Muslim extremists, liberals, revolutionaries, anarchists, corrupt unions, and most importantly the globalists have teamed up to take us down. How are they doing this? Under the guise of "bring down the rich" they're organizing protests, and boycotts attacking big corporations, and especially the banks to; (In their own words) "cause a new financial crisis" "bring down the stock market" and "really upset Wall Street" (This is an SEIU executive which is one of the largest unions in the U.S. speaking at a conference to union leaders nationwide)

They're trying to get enough people to bite the bait, and protest to bring down corporations that the stability of our economy is unfortunately dependant on to collape Wall Street.

When this happens, there WILL be mass chaos, looting and violence on the streets because a loaf of bread costs $50. While all the executives of the corporations that got "brought down" are cozy in a multi million dollar house, with several cars, a trophy wife, and a bank account that isn't in U.S. Dollars.

When everybody begs our government to change something, to fix it, they can finally impose what Obama, Bush, Clinton, Tony Blair, George Soros, Kissinger, and dozens of other world leaders, politicions, billionaires, millionaires, and influential people have called for openly "A New World Order"

I can show a stockpile of evidence but I'll save that until I get 20 posts and can make a thread.

reply to post by BlackStar99


I like the cut of your jib fella.

Just finished reading The Creature From Jekyll Island, and everything is going according to plan. What plan is that, massive wealth redistribution from the US to the less developed countries in the world through massive currency creation and even more massive inflation.

It is a fascinating and illuminating read, and if you haven't done so yet, I advise everyone puts this on the top of their stack. It places all of these sometimes mysterious financial moves and seemingly unconnected events into a context that becomes very clear to see. It will also anger you. I was mad with every turn of the page.

www.amazon.com...=sr_1_1?ie=UTF8&qid=1302290609&sr=8-1

Originally posted by LS650
As some posters have predicted, precious metals and commodities such as oil and corn are going up and up, while the US dollar is going down. I live in another country, but I don't wish to see this kind of thing going on in the US. Not only will a lot of people suffer economically, but if the US economy suffers it will pull down the rest of the planet with it.

How much worse do you believe the US economy will get over the next six months or a year? Will this just be another 'dip', or will things get 1930s Great Depression bad (or worse)..?

Or will the US somehow pull a magic rabbit out of a hat and turn things around soon?

edit on 8-4-2011 by LS650 because: (no reason given)

You have a right to be worried. Right now we are causing inflation across the planet because we are printing money, and QE2.
As the Middle East destabilizes soon we should see the American petro dollar being replaced and then it’s doomsville for the US and its dependants.
This is just the beginning of the greatest depression.
Prepare while you can.

Originally posted by Steve8511

Originally posted by LS650
As some posters have predicted, precious metals and commodities such as oil and corn are going up and up, while the US dollar is going down. I live in another country, but I don't wish to see this kind of thing going on in the US. Not only will a lot of people suffer economically, but if the US economy suffers it will pull down the rest of the planet with it.

How much worse do you believe the US economy will get over the next six months or a year? Will this just be another 'dip', or will things get 1930s Great Depression bad (or worse)..?

Or will the US somehow pull a magic rabbit out of a hat and turn things around soon?

edit on 8-4-2011 by LS650 because: (no reason given)

You have a right to be worried. Right now we are causing inflation across the planet because we are printing money, and QE2.
As the Middle East destabilizes soon we should see the American petro dollar being replaced and then it’s doomsville for the US and its dependants.
This is just the beginning of the greatest depression.
Prepare while you can.

The US isn't the only country printing fiat dollars like madmen... Europe has been doing it for a couple of years now bailing out failing EU members and now Japan has joined the party, scrambling for much-needed cash (out of thin air) to pay for their recovery and rebuilding efforts (which haven't even started yet.)

At this point, it's all about oil.

I stick to what I've previously put on ATS:

Once crude goes over $120, it won't be another 90 days before the next big crash happens.

We won't recover fully from the next downturn, and yes, it will signal the completion of the fourth turn.

I do expect a great war to at least be started by our government, one way or another.

From there?! Not so sure, but it likely won't be too pretty.

Nymex Crude Futures going for $112 today....get ready, people.

Originally posted by unityemissions
I do expect a great war to at least be started by our government, one way or another.

From there?! Not so sure, but it likely won't be too pretty.

"Our government," assuming you mean the United States, doesn't call the shots in these things. We may be allowed to have the appearance that we do, but we don't, haven't in a long time, and quite possibly never have. We may pay the price, and take the blame, but know that what we do and why we do it has nothing to do with the interests of the average citizen of the United States (or any country for that matter.)

reply to post by larphillips


Well that's a big DUH!! but at the same time, it will happen none the less, LOL!

I don't think we have anymore magic rabbits left. I see it getting worse, and you're absolutely right, if the U.S. economy goes, it's going to be a domino affect around the world. I think there will be no other option other than countries getting together and voting on a world loan forgiveness program. The entire world is in debt one way or another. China's economy can't survive without America and other countries purchasing their products. Something will have to give.

reply to post by LS650


I don't know about the next 6 months, but there is no doubt that a 1930's style depression is coming soon, and it will be much worse than the 30's, because back then people didn't drive or fly nearly as much, they knew how to cook for themselves, and they had a tough and stubborn work ethic.

These days in the US far too many people are weak, timid, irresponsible, and expecting a handout. A 1930's style depression will literally kill many people. How do you eat if McD's is closed? What do you do about a runny nose if Urgent Care is closed? What do you do when you run out of plastic cups and disposable diapers? Oh my God, the horror!

wow. the USD setteled at 74.97 today. droped .8% thats the biggest dip ive seen. Just today your USD is worth almost 1% less then yesterday. how does that make you feel! stock up on food why you still can. I think im going to finish my seed purchase, grain,barly,oats. and buy another 50 pounds of rice.