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#1
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A View of the bleak future for the US economy,
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#2
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Alex Jones pal, probably some nut just like his pal.
Porter Stansberry - Wikipedia, the free encyclopedia |
#3
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Uh oh......
Frank Porter Stansberry | $1.5 million payback ordered in SEC suit - Baltimore Sun Quote:
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#4
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If nothing else the audio gives alot of insight of the worlds banking system and its workings.
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#5
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Well, he is giving a particular possible scenario, there are others. IMO, the business cycle is taking a long time to come back around this time due to huge debt loads at just about every level of the economy, but over time that will just fix itself as debts are paid down and people in general become less and less likely to use credit. Sooner or later a new technological advancement, an invention, population increases, or a good old fashion war will cause demand to rise again, and that is the real problem in the world economy. We have a demand problem, not a debt problem. Once demand kicks in, you will see debts become less and less of a problem at all levels of the economy.
The fundamental flaw I see in his argument is that he says Germany will not step in to help Italy, I think such a thing is highly unlikely, since it would be Germany, which depends on exports, cutting it's own throats. Eventually the government's will solve their debt problems the way they always do, by inflating their currencies. We will be reliving the '70s soon. The problem with listening to doomsayers is that they have an inherent conflict of interest - these guys are making a lot of money pushing their books and subscriptions by peddling fear at a time that fear is selling well. They want everything to be a disaster, so everything is a disaster or the sign of some impending one. |
#6
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Yep and the sooner B.O. and his Czars get out of the picture, the sooner this next wave can get started. There's PLENTY of capital sitting on the sidelines waiting for he, his hyper debt and his hyper regulation to get out of the way.
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2001 SLK 320 six speed manual 2014 Porsche Cayenne six speed manual Annoy a Liberal, Read the Constitution |
#7
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Quote:
- Peter.
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2021 Chevrolet Spark Formerly... 2000 GMC Sonoma 1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021 2002 Kia Rio. Worst crap on four wheels 1981 240D 4spd stick. 389000 miles. 1984 123 200 1979 116 280S 1972 Cadillac Sedan DeVille 1971 108 280S |
#8
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The European Central Bank can. Just watch.
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#9
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Except that the European central bank is run by Germany and they are having none of it.
- Peter.
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2021 Chevrolet Spark Formerly... 2000 GMC Sonoma 1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021 2002 Kia Rio. Worst crap on four wheels 1981 240D 4spd stick. 389000 miles. 1984 123 200 1979 116 280S 1972 Cadillac Sedan DeVille 1971 108 280S |
#10
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We shall see.
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#11
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IMO, the state of the US economy today is the "new normal" for the near term, defined by me as the next 3-5 years. "New normal" is my hope.I also believe it can get worse. I don't see significant improvement.
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#12
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The inexorable pressure of increasing populations always turns the business cycle up in the end.
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#13
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Sorry for the gloom but I think Europe is way past the point of no return.
The lack of leadership among their politicians is absolutely incredible. Their fixed focus on austerity is going to wreck the region. There are countries in Europe that are much closer to civil unrest and general anarchy than we imagine over here. Youth unemployment in Spain and Portugal is in the 50 percent range. I believe it's 34 percent in Ireland. Don't underestimate how exposed banks in North America may be to any collapse on the other side of the pond.
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Mac 2002 e320 4matic estate│1985 300d│1980 300td Previous: 1979 & 1982 & 1983 300sd │ 1982 240d “Let's take a drive into the middle of nowhere with a packet of Marlboro lights and talk about our lives.” ― Joseph Heller, Catch-22 |
#14
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In the past I have generally been known as an optimist, but I have to agree with your assessment. I was lucky enough to have my prime years match the prime years of the US economy. I feel sorry for the youngon's trying to build a career and a life in today's world.
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2001 SLK 320 six speed manual 2014 Porsche Cayenne six speed manual Annoy a Liberal, Read the Constitution |
#15
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Another sobering, but most likely accurate post!
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2001 SLK 320 six speed manual 2014 Porsche Cayenne six speed manual Annoy a Liberal, Read the Constitution |
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