When we collapse, i think we should pawn off the top 10% of our 130 million owned homes... ought to be worth a million each! By pretending that wormwood is coming we could convince the rich elite to abandon their homes and huddle in a Colorado cave barracks until they resort to cannibalism. Then, problem solved. Except then World War 3 would erupt as world leaders struggle to decide who gets P Diddy's crib.
This is the exact same scenario that causes WWII. Germany was saddled with unpayable debt from WWI reparations. The reasons are different but the massive debt is what is important.
Germany got out of debt by liquidating the birth certificate credit of citizens in conquered territories.
Just research were Germany's WWI debt went. DISAPPEARED
i always find it hilarious how the media focuses on other insolvent sovereign nations and never once mention how much worse the US's situation is! the hypocrisy is astounding.
The Main stream media is owned by the America's corpritocracy. There job is not to keep us informed. There job is to keep the American people in the dark. Couple that with the fact American culture incourages indifference and ignorance and actually shuns intellegence. I once tried to talk to my friend about how the war in Iraq is about the Opium Trade and oil and he simply dismissed it and called me a fag. A week later him and 4 of my friends stoped talking to me.
I have a question.. who do we owe "interest" to, and why..? the FED is a private corp that steals sound assets with paper money worth nothing.. who says we have to pay interest when we can print our own currency..? does the FED have a private army..? are they Gods..? they put their pants on the same way I do, one leg at a time.. we've been lied to and they got caught.. anyone else besides me wanna run'em out on a rail..? arrest,try and hang the Fed for Crimes Against Humanity..
We are on the brink, you can feel it in the air. The sleeping giant is waking up, that tells me we are getting close to seeing this economic collapse.
Also, on an inside note, I work for a Tax company, and I have to say, the IRS is auditing just about anyone and everyone who makes some kind of income, and to be honest, it is getting quite ridiculous. So yea, that is how the government is squeezing the funds it needs out of the people.
True. I have been audited twice for ty 2007. There's no doubt that 2008 audits are underway. With the tax code as it is, there may be infinite ways to squeeze blood from the turnips.
No one has 3.5 trillon dollars in reserves. If you can show me another country that does, I'll eat my words. Otherwise...
In terms of value, this entire world is bankrupt. The term that should be used is default. A person in bankruptcy can still obtain credit from another, through fraud usually, but it's still possible. This is a game of numbers though, it's a game of hot potato.
Default though, not bankruptcy. We've all been bankrupt since WW2. All of us.
The numbers are a sham, just like the world's economies. It's a balancing act. When it comes to things like this, I think we should be technical. If the United States defaults on their bonds, how long do you think it's going to be before the rest of the world follows suit? Like I asked, show me a country that could pay. We all practice the same fractional reserve banking, we all are printing money likes its going out of style. I don't think this is an America problem only, it's a world problem.
Yeah I would agree this is not only a U.S. problem, but a world problem. Especially considering the fact that our dollar is still used as a reserve currency, that is changing obviously but there is no easy way to fix this problem. Collapse is all but certain in this nation, and I believe many are waking up to this fact and are preparing the best they can.
Haha. If you insist on continuing to compete against your brothers and sisters and play their game, where all that matters is money over everything else, then sure, we're fucked. If we start to develop our own system, nahhh, we'll be fine and we'll end up looking back on this and laughing at how immature and scared we were as a collective. Our at least our children might be able to, except everyone has too much pride and won't teach their childrens to laugh at them. ;)
When one looks at the dollar one had better look around at the rest of the world, the 4 main currencies are gold, the dollar, the Euro and the Yen, all other currencies are lower level. In Europe, the Piigs, Germany and France all need a weaker currency, Britain is about to go under and Japan is on it's last legs of 20 years of Keynesian economics the same policy Bernanke is trying which is a total failure.
The disconnect will be in the pegged currencies such as the China Yuan.
Yes indeed I've been telling my sister to not sell her house yet, unless they can slide into one with the same (or better) deal than they currently have.
If for some reason we default, will the dollar matter at that point. I am a little lost, what do you think will happen to the dollar, and gold, if(when) we default?
Right, the dollar won't matter at that point. The government may decide to issue new currency and repudiate the national debt. That won't be pretty. You'll have your gold to maintain some wealth. Just don't buy the ETF's for gold.
all you can do now is hold on tight no one knows where this ride is going or when its going to end. today we have far less paying into the broken system but we are still spending like crazy. no matter how many time syou work it 2+2 will never =9.
The Washington Post is also about to declare bankruptcy.
WashPostIsBankrupt 1 year ago
When we collapse, i think we should pawn off the top 10% of our 130 million owned homes... ought to be worth a million each! By pretending that wormwood is coming we could convince the rich elite to abandon their homes and huddle in a Colorado cave barracks until they resort to cannibalism. Then, problem solved. Except then World War 3 would erupt as world leaders struggle to decide who gets P Diddy's crib.
longhairedartist 1 year ago
We don't have 3.5 trillion dollars in reserve? Haha... We don't have 1 dollar in reserve.
Limeisback2012 2 years ago
This is the exact same scenario that causes WWII. Germany was saddled with unpayable debt from WWI reparations. The reasons are different but the massive debt is what is important.
Germany got out of debt by liquidating the birth certificate credit of citizens in conquered territories.
Just research were Germany's WWI debt went. DISAPPEARED
Darkhorse21x 2 years ago
Dec 21 , 2012 is when it will collapse
caganb 2 years ago
I dont think that it will stay a float that long. I think 2012 will be the icing on the cake.
SurvivalWithBushcraf 2 years ago
I think that by September this year, you will meet all the players who will be yelling very loudly in 2012.
Makes me wonder if the last election was really the LAST, because I don't see how we can make it past 2012.
powergirl901 2 years ago
AMERICA BREAKS ALL THE RULES
amcanmike 2 years ago 2
i always find it hilarious how the media focuses on other insolvent sovereign nations and never once mention how much worse the US's situation is! the hypocrisy is astounding.
BMWg84 2 years ago
The Main stream media is owned by the America's corpritocracy. There job is not to keep us informed. There job is to keep the American people in the dark. Couple that with the fact American culture incourages indifference and ignorance and actually shuns intellegence. I once tried to talk to my friend about how the war in Iraq is about the Opium Trade and oil and he simply dismissed it and called me a fag. A week later him and 4 of my friends stoped talking to me.
Limeisback2012 2 years ago
You can't help people who don't want to help themselves.
Limeisback2012 2 years ago
Nice you to see you again!
You are correct, its just a matter of time, how much longer can they keep it proped up?
Bezz80 2 years ago
I have a question.. who do we owe "interest" to, and why..? the FED is a private corp that steals sound assets with paper money worth nothing.. who says we have to pay interest when we can print our own currency..? does the FED have a private army..? are they Gods..? they put their pants on the same way I do, one leg at a time.. we've been lied to and they got caught.. anyone else besides me wanna run'em out on a rail..? arrest,try and hang the Fed for Crimes Against Humanity..
Dewdaahman 2 years ago 4
bilderberg
SuperEarther 2 years ago
HOOAH!
theswamprat1776 2 years ago
We are on the brink, you can feel it in the air. The sleeping giant is waking up, that tells me we are getting close to seeing this economic collapse.
freemarket11 2 years ago
Same here, stepping back makes things more clear. Good to see new videos and insight. Peace
hiphopsocnroc 2 years ago
Also, on an inside note, I work for a Tax company, and I have to say, the IRS is auditing just about anyone and everyone who makes some kind of income, and to be honest, it is getting quite ridiculous. So yea, that is how the government is squeezing the funds it needs out of the people.
hiphopsocnroc 2 years ago
True. I have been audited twice for ty 2007. There's no doubt that 2008 audits are underway. With the tax code as it is, there may be infinite ways to squeeze blood from the turnips.
matahaari 2 years ago
Welcome back, netman. Many of us took a break from The Doom.
vivaloriflamme 2 years ago
So very nice to see you back :) AND thank you for posting!
annabodhi38 2 years ago 2
Good to see you again : )
TracyM1974 2 years ago 2
No one has 3.5 trillon dollars in reserves. If you can show me another country that does, I'll eat my words. Otherwise...
In terms of value, this entire world is bankrupt. The term that should be used is default. A person in bankruptcy can still obtain credit from another, through fraud usually, but it's still possible. This is a game of numbers though, it's a game of hot potato.
Default though, not bankruptcy. We've all been bankrupt since WW2. All of us.
bweazel 2 years ago
yeah, but lets talk reality rather than technical TERMS, the economy is rock bottom, look at the NUMBERS like unemployment rate and poverty level.
devildriver4687 2 years ago
The numbers are a sham, just like the world's economies. It's a balancing act. When it comes to things like this, I think we should be technical. If the United States defaults on their bonds, how long do you think it's going to be before the rest of the world follows suit? Like I asked, show me a country that could pay. We all practice the same fractional reserve banking, we all are printing money likes its going out of style. I don't think this is an America problem only, it's a world problem.
bweazel 2 years ago
Yeah I would agree this is not only a U.S. problem, but a world problem. Especially considering the fact that our dollar is still used as a reserve currency, that is changing obviously but there is no easy way to fix this problem. Collapse is all but certain in this nation, and I believe many are waking up to this fact and are preparing the best they can.
freemarket11 2 years ago
Oh Im sorry, we pretty much have the same view. I guess I misunderstood your comment. Anyway, We're Fucked. LoL.
devildriver4687 2 years ago
Haha. If you insist on continuing to compete against your brothers and sisters and play their game, where all that matters is money over everything else, then sure, we're fucked. If we start to develop our own system, nahhh, we'll be fine and we'll end up looking back on this and laughing at how immature and scared we were as a collective. Our at least our children might be able to, except everyone has too much pride and won't teach their childrens to laugh at them. ;)
bweazel 2 years ago
there are a whole lot of people glad to see you back, including me.
kindest regards
bozeman14 2 years ago 3
Thanks to you and everyone else with similar thoughts! It does mean a lot to me!
networkingman 2 years ago
WOW, it's like seeing family you haven't seen in a while! LOL! Thanks Deb, good to see you too!
networkingman 2 years ago
I'm going to do just that and thanks!
networkingman 2 years ago
good to see ya back cubs fan
FlopSideOfLife2009 2 years ago 2
Good to see ya smiling again ;O)
Keep posting the news
GuildF40 2 years ago 2
Welcome back ! thanks ~
RenegadeTimes 2 years ago 2
Wow its been a while but great to see you back. I hope your doing well even in this mad situation.
dreadz808 2 years ago
thanks!
fal2grace 2 years ago
When one looks at the dollar one had better look around at the rest of the world, the 4 main currencies are gold, the dollar, the Euro and the Yen, all other currencies are lower level. In Europe, the Piigs, Germany and France all need a weaker currency, Britain is about to go under and Japan is on it's last legs of 20 years of Keynesian economics the same policy Bernanke is trying which is a total failure.
The disconnect will be in the pegged currencies such as the China Yuan.
UU361 2 years ago
They can just print the money. Hyperinflation!
EarmarkAudiology 2 years ago
thanks networkingman!
magichandpuppet 2 years ago
thanks and great vid
1pigslayer 2 years ago
Nice seeing you and welcome back. Math ALWAYS WINS! :)
icebreaker7 2 years ago 6
Thanks for a great video!
robert4you 2 years ago
Yes indeed I've been telling my sister to not sell her house yet, unless they can slide into one with the same (or better) deal than they currently have.
Good to see you again my friend
CTOL1 2 years ago
If for some reason we default, will the dollar matter at that point. I am a little lost, what do you think will happen to the dollar, and gold, if(when) we default?
kbdory 2 years ago
Right, the dollar won't matter at that point. The government may decide to issue new currency and repudiate the national debt. That won't be pretty. You'll have your gold to maintain some wealth. Just don't buy the ETF's for gold.
networkingman 2 years ago
all you can do now is hold on tight no one knows where this ride is going or when its going to end. today we have far less paying into the broken system but we are still spending like crazy. no matter how many time syou work it 2+2 will never =9.
cbr6864 2 years ago
The stock market is a house of cards.
vashguud 2 years ago 2
Hello! Good to hear from you again.
snowchucker1 2 years ago
Glad your back. You look happier.
goodagofilms 2 years ago
Thanks man, I think I'm just more relaxed now! LOL!
networkingman 2 years ago
Hi thanks for the update, glad to know your back.
McDohnuts 2 years ago