The Next Great Depression

The Next Great Depression

Posted in the Utica Forum

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Level 1

Since: Jan 11

Gouverneur, NY

#1 Aug 28, 2012
I believe we are on the verge of a worldwide great depression. It is always wise to stock-up on food, my friends. A two-year supply of food is more valuable than a billion worthless dollars.
oh my god!!

Lowville, NY

#2 Aug 28, 2012
Do you even know what a great depression is? I don't think so... Pull out some history books please

Level 1

Since: Jan 11

Gouverneur, NY

#3 Aug 29, 2012
[QUOTE who="oh my god!!"]Do you even know what a great depression is? I don't think so... Pull out some history books please[/QUOTE]
I dont want to argue with you. I hope I am completely wrong, actually, but I have studied economics for years, and have come to the conclusion there is no other way to restore integrity to our dollar (which is the world's reserve currency) than a collapse of our artificial economy. The dollar has had a 96% devaluation since 1913. This means what you could buy for $1 then, would cost you $21.50 today. History is replete which examples to support my prediction.

Level 1

Since: Jan 11

Gouverneur, NY

#4 Aug 29, 2012
Like I said, it is always wise to have an ample supply of food, regardless if I am right or wrong. Every person should have a minimum of a 6-month supply.

Level 1

Since: Jan 11

Gouverneur, NY

#5 Aug 30, 2012
The Great Depression was initiated in 1920, when banks outside of the previously-established federal reserve system were forced to call-in their loans--triggering a panic. This happened for two reasons. First,this enabled the federal reserve to consolidate its power by purchasing over 5,000 independent banks. Secondly, it allowed for the massive transfusion of wealth from the American dollar to the other competing currencies in the world, be devaluing it so greatly.
Mike Jones

New Hartford, NY

#6 Aug 30, 2012
GreatWhiteHype wrote:
I believe we are on the verge of a worldwide great depression. It is always wise to stock-up on food, my friends. A two-year supply of food is more valuable than a billion worthless dollars.
At least someone else out there gets it!

Level 1

Since: Jan 11

Gouverneur, NY

#7 Aug 30, 2012
There are millions of us who get it, mike. We have just been psychologically intimidated into silence regarding discussions on the real world. We need to bring this type of dicourse to the forefront of our political issues.
liberal

United States

#8 Aug 30, 2012
GreatWhiteHype wrote:
<quoted text>
I dont want to argue with you. I hope I am completely wrong, actually, but I have studied economics for years, and have come to the conclusion there is no other way to restore integrity to our dollar (which is the world's reserve currency) than a collapse of our artificial economy. The dollar has had a 96% devaluation since 1913. This means what you could buy for $1 then, would cost you $21.50 today. History is replete which examples to support my prediction.
wouldn't that be 96the bucks not 21.50

Level 1

Since: Jan 11

Gouverneur, NY

#9 Aug 30, 2012
liberal wrote:
<quoted text>wouldn't that be 96the bucks not 21.50
No, because you have to account for the value--meaning goods and services that $1 was able to purchase back then--compared with the cost of those same goods and services today. For example, a loaf of bread was 3 cents. A pound of meat was 6 cents. You get the point.

Level 7

Since: Jan 08

Rome

#10 Aug 30, 2012
What kind of food should we be stockpiling?
Beautiful

Dover, DE

#11 Aug 30, 2012
frankcor wrote:
What kind of food should we be stockpiling?
water, MRE - meals ready to eat.
Noway

Watertown, NY

#12 Aug 30, 2012
GreatWhiteHype wrote:
I believe we are on the verge of a worldwide great depression. It is always wise to stock-up on food, my friends. A two-year supply of food is more valuable than a billion worthless dollars.
Its attitudes like yours that is driving people not to spend money. The constant negative opinions are a disgrace, I know a lot of people and none of them are any worse of today then 10 years ago they are all still working and saving for the future. The people that are complaining are the ones that took on more debt then they could afford in the first place.
Noway

Watertown, NY

#13 Aug 30, 2012
GreatWhiteHype wrote:
<quoted text>
I dont want to argue with you. I hope I am completely wrong, actually, but I have studied economics for years, and have come to the conclusion there is no other way to restore integrity to our dollar (which is the world's reserve currency) than a collapse of our artificial economy. The dollar has had a 96% devaluation since 1913. This means what you could buy for $1 then, would cost you $21.50 today. History is replete which examples to support my prediction.
The average weekly income back then was also 30 per week the average income is now 500 a week

Level 1

Since: Jan 11

Gouverneur, NY

#15 Aug 30, 2012
Noway wrote:
<quoted text>The average weekly income back then was also 30 per week the average income is now 500 a week
But buddy you have to understand one thing regarding this thing: Prices never actually rise; its the value of the currency which diminishes. When our currency is inflated, this is reflected through higher dollar amounts for goods and services. All is reflects is the inflation of our money.
Where Have You Been

Utica, NY

#16 Aug 30, 2012
We are already IN it!
sadly true

Fayetteville, NY

#17 Aug 30, 2012
It's inevitable, the global economy is
going to collapse, and there will be world chaos. Within 3 days our stores will be emptied and there will be no way of restocking them. Good luck everyone, I give up 10-20 years if we are lucky before the shyt hits the fan.
checkthisout

Fayetteville, NY

#18 Aug 30, 2012
World collapse explained in 3 minutes

&fe ature=youtube_gdata_player

Level 1

Since: Jan 11

Gouverneur, NY

#19 Aug 31, 2012
checkthisout wrote:
World collapse explained in 3 minutes
http://www.youtube.com/watch?v =NOzR3UAyXaoXX&feature=you tube_gdata_player
Thank you very much

Level 1

Since: Jan 11

Gouverneur, NY

#20 Aug 31, 2012
Does anyone know if QE3 was put through today?

Level 1

Since: Jan 11

Gouverneur, NY

#21 Sep 1, 2012
I'm going to go on record and predict by early 2013, the effects of the inflation by QE3 will raise the price of all of our imported goods, which in America, is pretty much everything.

Food will be the first to rise in price, and it will rise exponentially.

Businesses will be forced to lay people off, dramatically increasing unemployment rates.

The government will then be forced to discontinue unemployment, disability and medicaid benefits, causing further unrest and a backlash from a public spoiled by entitlements.

With withering confidence in the dollar, investors will begin to pull out of the stock market, furthing the belief in an impending crisis when stocks plunge.

Knowing all of this would happen, rumors of martial law will be spread by the government, but it will be blamed on the upcoming presidential election. This will only serve to gradually ease civilians into the panic which--due to the corrupt nature of our monetary system--will be the beginning of hard times in this country.

Stock up on food, clothing, medicine, toiletries. I pray that I eat my words.

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