How bad will it get?

pghas

mammasan wrote:

I don't see it as an apocalyptic scenario, but more or less a failure of our banking and financial system, mainly the Fed. For years people have been warning us on how our economic policy and the FEd will end up hurting us in the long run and we failed to listen. Now that their prediction have come true, instead of realizing the mistakes that where made our government and the Fed continue to act in the same manner which got us here. So while this economic downturn may not be the end of the world, the manner in which it is being handled will only prop it back up temporarily till the next collapse which may be even worse. We need to stop manipulating the market to always provide favorable results and just let it run through it's natural cycles.

I would tend to agree with that.

mammasan

pghas wrote:

I would tend to agree with that.

I think a lot of people would agree with that but our government walks hand-in-hand with corporate America and let's face it corporations call the shots in Washington. They don't spend millions upon millions of dollars on lobbyists and not get exactly what they want. So the government is never going to stop interfering with the market and you can't tell me that they don't realize the damage that their meddling is inflicting. Had we allowed a recession to take place, and run it's course, after the dot com bubble burst and 9/11 we wouldn't be in this eye ball high pile of shit. So while people's dooms day scenarios may be a bit over reacting, this time, there is no saying that 10 years from now we will not repeat history but it will be even worse. So I do eventually see a financial collapse some where down the road, it may not even be in my lifetime, because financial institutions and governments don't want to make the tough decisions that have to be made in order to truly remedy the situation. They will just keep placing a band aid here and there that will stop the bleeding temporarily and pray that it hold until they are out of office and leave the next guy to deal with it. The next person will do the same thing until finally a day comes when there aren't enough band aids to stop the bleeding anymore and that's when we are truly fucked.

Flannel Shirt

if shit really does go to hell really soon and really fast, as many of your fear mongers would have us believe, before I eat bugs, or rob my neighbor, or any other crazy shit, i will organize a neighborhood meeting where we all discuss how we can help each other out. not my whole city, not my entire half of town, my neighborhood.

its going to take some mad max like shit for that to happen, but if it does, wouldnt sharing and caring be the better option to robbing other or locking your doors?

anyway, govt backed consolidation loans. the answer to all the problems.

El_Kabong

hopefully we can awake to the dawn of another meaning

jbalicki10

Flannel Shirt wrote:

if shit really does go to hell really soon and really fast, as many of your fear mongers would have us believe, before I eat bugs, or rob my neighbor, or any other crazy shit, i will organize a neighborhood meeting where we all discuss how we can help each other out. not my whole city, not my entire half of town, my neighborhood.

its going to take some mad max like shit for that to happen, but if it does, wouldnt sharing and caring be the better option to robbing other or locking your doors?

anyway, govt backed consolidation loans. the answer to all the problems.

Great Idea! While you guys are at the meeting, I will get my sack with the large dollar sign on it and go door to door robbing everyone!!!

yahamita

_Crazy_Mary_ wrote:

I am concerned about the state we will be in over the next few years. I am planting 15 nut & fruit trees next month and I have 2 roosters and 40 egg-laying chickens so that when the price of food skyrockets, I will be prepared. I'm also thinking about getting a dairy goat, but I'm not sure if I can handle milking it everyday. Next spring, I will be planting a vegetable garden, too.

We are putting our plans into action also. Be sure and get your seeds NOW while you can still afford to purchase them. We thought about stockpiling dry beans, but wondering if the water supply is poisoned, where will all that water come from for cooking. Canned tuna, canned veggies, granola bars, peanut butter, stuff like that that won't need to be soaked or cooked in alot of water.

_Crazy_Mary_

yahamita wrote:

We are putting our plans into action also. Be sure and get your seeds NOW while you can still afford to purchase them. We thought about stockpiling dry beans, but wondering if the water supply is poisoned, where will all that water come from for cooking. Canned tuna, canned veggies, granola bars, peanut butter, stuff like that that won't need to be soaked or cooked in alot of water.

why would the water supply be poisoned?

I don't need to worry about it, I'm on a well.

El_Kabong

_Crazy_Mary_ wrote:

why would the water supply be poisoned?

I don't need to worry about it, I'm on a well.

actually, they've done studies on water supplies and it's impossible to filter our all the pharmaceutical drugs ppl take for 'depression' out of the water supply

http://www.msnbc.msn.com/id/23503485/

'A vast array of pharmaceuticals — including antibiotics , anti-convulsants, mood stabilizers and sex hormones — have been found in the drinking water supplies of at least 41 million Americans, an Associated Press investigation shows.'

yahamita

_Crazy_Mary_ wrote:

why would the water supply be poisoned?

I don't need to worry about it, I'm on a well.

You never know! We sit down, discuss scenarios, and try and make a plan, we don't want to be caught off guard.

DriftingByTheStorm

El_Kabong wrote:

hopefully we can awake to the dawn of another meaning

If you go back and listen to the full interview that Gerald Celente did with AJ, you will hear that this IS the "hope" that he promised towards the beginning.

He doesn't see this as an avoidable collapse, but the hope he sees is in the failing of a toxic paradigm, and the rise of a new outlook.

He spoke briefly about how the giant corporate model of "growth" is simply not perpetually viable, and that the nature of such an organization is counterproductive to innovation.

He said that the great promise that lies ahead is the possibility that the market will recognize this failure, and that capital will shift to smaller, LOCAL producers.

He put great emphasis on the notion of LOCAL.
Suppliers of ALL things on a small scale would thrive in a post-credit-apocalypse world ... where lenders are dubious of business with large capital requirements and broad market exposure, and where small local providers have a very real competitive advantage.

THAT part of his interview did inspire me greatly.
A notion that i have held for a long time now is that things will not truly get better until things fail catastrophically. The system will try to perpetuate itself until it fails outright. At that point, the real cultural creatives may have a chance to step in and fill the void.

audome25

DRama queens.

hedonist

Blue-ribbon nomination for random bump with odd capitalization plus...

OK, I'll ask outright, audome.

The fuck with the post? Please to elaborate.

If not up for it, no worries.

Went for the APC route - the Outsider.

Medicated drama queen.

THAT, I get.

Last-12-Exit

audome25 said:

DRama queens.

Very good. Now let's party like it's 2008!

bootlegger10

Man, so many posters in this thread with thousands of posts but nowhere to be seen in years.

brianlux

The end is near!

Ah, but which end?

i_lov_it

I'm helping out the US economy atm since arriving in the US...I've bought a few souvenirs already...but seriously though how many times have we heard this...so no need to freak out People

mickeyrat

DriftingByTheStorm said:

Man Who Predicted 1987 Stock Market Crash Predicts Food Riots, Tax Rebellion, and Revolution in America by 2012

Video

The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions - all within four years, while cautioning that putting food on the table will be a more pressing concern than buying Christmas gifts by 2012.

Gerald Celente, the CEO of Trends Research Institute, is renowned for his accuracy in predicting future world and economic events, which will send a chill down your spine considering what he told Fox News this week.

Celente says that by 2012 America will become an undeveloped nation, that there will be a revolution marked by food riots, squatter rebellions, tax revolts and job marches, and that holidays will be more about obtaining food, not gifts.

“We’re going to see the end of the retail Christmas….we’re going to see a fundamental shift take place….putting food on the table is going to be more important that putting gifts under the Christmas tree,” said Celente, adding that the situation would be “worse than the great depression”.

“America’s going to go through a transition the likes of which no one is prepared for,” said Celente, noting that people’s refusal to acknowledge that America was even in a recession highlights how big a problem denial is in being ready for the true scale of the crisis.




Celente says that by 2012 America will become an undeveloped nation, that there will be a revolution marked by food riots, squatter rebellions, tax revolts and job marches, and that holidays will be more about obtaining food, not gifts.


Celente, who successfully predicted the 1997 Asian Currency Crisis, the subprime mortgage collapse and the massive devaluation of the U.S. dollar, told UPI in November last year that the following year would be known as “The Panic of 2008,” adding that “giants (would) tumble to their deaths,” which is exactly what we have witnessed with the collapse of Lehman Brothers, Bear Stearns and others. He also said that the dollar would eventually be devalued by as much as 90 per cent.

The consequence of what we have seen unfold this year would lead to a lowering in living standards, Celente predicted a year ago, which is also being borne out by plummeting retail sales figures.

The prospect of revolution was a concept echoed by a British Ministry of Defence report last year, which predicted that within 30 years, the growing gap between the super rich and the middle class, along with an urban underclass threatening social order would mean, “The world’s middle classes might unite, using access to knowledge, resources and skills to shape transnational processes in their own class interest,” and that, “The middle classes could become a revolutionary class.”

In a separate recent interview, Celente went further on the subject of revolution in America.

“There will be a revolution in this country,” he said. “It’s not going to come yet, but it’s going to come down the line and we’re going to see a third party and this was the catalyst for it: the takeover of Washington, D. C., in broad daylight by Wall Street in this bloodless coup. And it will happen as conditions continue to worsen.”


“The first thing to do is organize with tax revolts. That’s going to be the big one because people can’t afford to pay more school tax, property tax, any kind of tax. You’re going to start seeing those kinds of protests start to develop.”

“It’s going to be very bleak. Very sad. And there is going to be a lot of homeless, the likes of which we have never seen before. Tent cities are already sprouting up around the country and we’re going to see many more.”

“We’re going to start seeing huge areas of vacant real estate and squatters living in them as well. It’s going to be a picture the likes of which Americans are not going to be used to. It’s going to come as a shock and with it, there’s going to be a lot of crime. And the crime is going to be a lot worse than it was before because in the last 1929 Depression, people’s minds weren’t wrecked on all these modern drugs – over-the-counter drugs, or crystal meth or whatever it might be. So, you have a huge underclass of very desperate people with their minds chemically blown beyond anybody’s comprehension.”

The George Washington blog has compiled a list of quotes attesting to Celente’s accuracy as a trend forecaster.

“When CNN wants to know about the Top Trends, we ask Gerald Celente.”
— CNN Headline News

“A network of 25 experts whose range of specialties would rival many university faculties.”
— The Economist

“Gerald Celente has a knack for getting the zeitgeist right.”
— USA Today

“There’s not a better trend forecaster than Gerald Celente. The man knows what he’s talking about.”
- CNBC

“Those who take their predictions seriously … consider the Trends Research Institute.”
— The Wall Street Journal

“Gerald Celente is always ahead of the curve on trends and uncannily on the mark … he’s one of the most accurate forecasters around.”
— The Atlanta Journal-Constitution

“Mr. Celente tracks the world’s social, economic and business trends for corporate clients.”
— The New York Times

“Mr. Celente is a very intelligent guy. We are able to learn about trends from an authority.”
— 48 Hours, CBS News

“Gerald Celente has a solid track record. He has predicted everything from the 1987 stock market crash and the demise of the Soviet Union to green marketing and corporate downsizing.”
— The Detroit News

“Gerald Celente forecast the 1987 stock market crash, ‘green marketing,’ and the boom in gourmet coffees.”
— Chicago Tribune

“The Trends Research Institute is the Standard and Poors of Popular Culture.”
— The Los Angeles Times

“If Nostradamus were alive today, he’d have a hard time keeping up with Gerald Celente.”
— New York Post

So there you have it - hardly a nutjob conspiracy theorist blowhard now is he? The price of not heeding his warnings will be far greater than the cost of preparing for the future now. Storable food and gold are two good places to make a start.

whats this guy been saying since 2012? You know , seeing as........

brianlux

These predictions of a sudden collapse of society are great for pumping up the blood pressure and injecting a little adrenaline into the blood stream but really, isn't the collapse more lily to be an implosion in slow motion? Kind of like this:

http://www.youtube.com/watch?v=6TahBvf2Eug

Last-12-Exit

I'm going to go to page 495 on the AMT home page and just randomly bump whatever thread is there.

hedonist

Last-12-Exit said:

I'm going to go to page 495 on the AMT home page and just randomly bump whatever thread is there.

Your post prompted me to mosey through the bowels of this section. So many names I haven't seen in ages, topics relevant at the time, some still so.

No bumping on my part though.

As to how bad things might get...sure, an apocalypse in any form could hit any time. I can be as prepared as possible barring obsessing about it, and then just live. Time spent worrying about "what if's" is time and energy taken away from appreciating the present tense.

PS to i lov it - hope you're having a blast here and feeling welcomed. Australians (not to mention Canadians) are among some of the nicest and most down-to-earth people I've met.

PPS to Last-12 - thanks for getting me all feel-good and introspective. Nice little tiptoe through the tulips.