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  • BTW... who cares what Goldman Sachs says. They are the biggest scumbags in the history of mankind.
  • "why is there so much debt in the first place (besides from planning oil wars)?"

    That's a good question. Why didn't the system collapse with so much debt? What is really supporting the system? "Greed".

    The world full of ever increasingly more goods. Why? More wanna produce more. Why? More wanna buy more. Where do they get so much money? Borrow more. From whom? The producers. So the world full of debtors and creditors. I think the system will collapse when the "Greed" trend begins fading. But there's no sign of it. The spending pattern in China... preferring SUVs... haha.

    I guess I'm not a doomsayer. The current system may last our lifetime. Possibly my kids generation... unless the global warming triggers bad weather that affects food cropping drastically... putting tremendous constraint in the current system. I believe in Mother Nature :)
  • "There's more than enough to have the whole world live in abundance." I hope you are right.

    The massive agribusiness has been ruining soils. I heard Africa is the final frontier that big agribusiness corporations r going after. It takes only a decade or two to see dropping in cropping.
  • Scarcity has become an illusion nowadays. There's more than enough to have the whole world live in abundance.
    The whole point of the old economic system is to make things scarce, so that you'd pay more. That doesn't mean there's shortage. You think there's food shortage so there will always be 2 billion living in hunger? In my country millions of tonnes of food are destroyed to keep prices high. There's no shortage, if not induced.
    If you want to give this a name, call it insanity, not scarcity.
  • Many were awed by Corning's youtube advertisement video titled A Day Made of Glass. A friend told me that's exactly what he envisioned future. When everyone can clearly see something, prolly there's better chance that it would not happen... because not everyone can get it. New World is driven by resource constraint.

    Credit requires collateral to borrow the money. If you are not qualified or collateral isn't good enough, no credit approval. Cash needs no such collateral and approval. You hold cash. You can buy anything you want. No holds barred. Fed manages a big balloon filled up w/ credit bubble. As credit market is collapsing, Fed is filling the balloon w/ freshly printed cash. Welcome to the new world full of paper cash. Everyone goes after what they wanna buy. Price hike has just begun. Gas, food, water, all imported goods. All going up "faster". Definitely feeling pain this year. More pain in the coming years.

    We heard this many times: "This time is different". They were wrong. But I think this time is really different. Financial crisis, trade war, currency crisis, food crisis, etc. are all side effects of this new multi generational trend. Consolidation & Downsizing. I got into commodity trading at one point and read a bunch of articles and research papers about future commodity prediction. It's closely tied to global climate change. The consensus is that we have passed the point of no return. i.e. we cannot stop the global warming process that will impact the food crops drastically. Less food crop & more population toward 2050. The food price will go up so freaking high that most of us will go through severe diet. One scenario to resolve the issue is radical downsizing which implies WWIII.

    For now I'm glad that I can buy what I want. e.g. GH2. My kids... may not be so lucky.

    BTW why are we talking about this?
  • Alex Jones' rhetoric is flawed time and time again with conspiracy theories that don't hold up. If you want balanced and correct information, read James Robertson.

    Now, will the dollar collapse? Maybe, but it will be corrected. Will the USA and Japan repay their debt? Yes, because their economies are strong enough. Will the eurozone keep together? Most probably not due to north-south differences, but it will not collapse immediately.
    But most importantly : why is there so much debt in the first place (besides from planning oil wars)? -> Will we ever get rid of a debt-based system of fractional reserve banking, where banks take the profits of society instead of society itself? I hope so, because otherwise we will be forced to unnaturally keep growing our economies in the West when our population declines.
    By the way, why would you want banks to take the profits anyway if it means there is less for everyone else?

    Is there enough food and space for 9 billion people to live on this earth? Yes, there is, but not if everyone wants to live like a Hollywood star, which they all want naturally. But if consumed modestly, there's even enough meat to serve the 6.5 billion we are with now.
    But most Americans will have to cut down the consumption drastically. Many Europeans will have to as well.
  • I think they can. IMO it's the IMF and central banks of the various regions that are truly evil. The debt THEY impose is not legit and not moral. Iceland sees the issue with at least partial clarity. Simply put it's a like a loan sharking scam only in this case for geopolitical control on huge scales. What needs to happen is to put these "powerful" men in prison or impose the death penalty. They are the main cause of all the wars in the past century or two including all of the ones Americans are so familiar with like WWI, WWII, VietNam, Korea, Gulf War one and two, the current conflict in Iraq and Afghanistan and the soon to occur conflicts in Pakistan and Iran - regardless of the excuses that are engineered and handed to the people as a justification. They are also the central cause of the financial woes pretty much all around the world. And the two are directly related too. :)

    If you're the type of person who believes what the governments of the world say or who think there actually is such a thing as a two-party system in the USA you're in deep into the mind control they've been playing on us - and it's more than one level deep. Perhaps to glimpse it from within that mindset from the inside out (if you're interested in awakening from the engineered dream at all I mean) a good place to start would be be with a few good books. I can recommend this author: http://www.johnperkins.org/ and to start with his "Confessions Of An Economic Hit Man". He's still a level or two inside the engineered dream-state but it's a few steps up from the base levels most people are in. Another good step in awakening is to look at how the IMF or really any central banking system works. Recently in the past 10 or 15 years there has been a lot of effort spent on explaining the American PRIVATE "Federal" Reserve so that might be a good one to look at.

    Another good way to break the chains of mental slavery we're programmed into is to blast yourself with the rhetoric of someone who is fully awake and has committed themselves to alerting others, and then every time you hear or read something that sounds too unreal to believe, go and research the names, documents, and events mentioned - deeply!. See where they're coming from and see how they see things. Two good names that come to mind here are Alex Jones and Alan Watt. Both have podcasts and keep up on current "issues". Here's Watt's page: http://www.cuttingthroughthematrix.com/podsinfo.html and here's Jones's info: http://www.infowars.com/listen-on-the-internet/ You can listen selectively to Jones's here feed://xml.nfowars.net/Alex.rss where MP3 are individually listed. For some current and interesting info on the 9th killing of Osama Bin Laden I can highly recommend May 3rd ~ May 6th casts:

    http://rss.infowars.com/20110503_Tue_Alex.mp3
    http://rss.infowars.com/20110504_Wed_Alex.mp3
    http://rss.infowars.com/20110505_Thu_Alex.mp3
    http://rss.infowars.com/20110506_Fri_Alex.mp3
  • >Maybe we will come to understand that deep down, we are all the same?

    This is not the problem.
    Problem, generally is always the same - food and other resources.
    Nature concurrency for natural things.
    Many people still think that they could live in huge houses and work in spacious, designed rooms.
    Basic problem is - they couldn't do it soon.
  • ...which is why the individual power we have to share words and images by Internet, gives me hope. Maybe we will come to understand that deep down, we are all the same?
  • Gold is no longer giant, instead it is some element to hold information and guide investors into the right direction.
    Btw I forgot other weapon of mass destruction - corporations for mass disinformation via TV and Internet.
  • The age old giant, Gold, is waking up to warn us. Hopefully there's no major war broke out in my lifetime.
  • >Japan and the USA have a way of creating wealth that will allow them to repay the debt.

    Today only way to repay the debt for top countries reside with their military power.
    And Chinese problem is that they can not spend enough money to their military infrastructure (and they need about 5x-10x more).
  • Currently the banks believe that Japan and the USA have a way of creating wealth that will allow them to repay the debt.