Euro bonds downgrade, analogies whit USSR systemic collapse

What social formation do you see evolving from this crisis?

Category:

People & Blogs

Tags:

• Euro bonds
• downgrade
• USSR
• systemic collapse

[Drav1212]

Markets are no longer responsive to economic data, markets are getting so manipulated that they rise and fall when it is designed to do so. So, why be in the markets.

[Alexiscom1]

@Drav1212 That is true.

[jimbobubbadj]

I think that nation states will be destroyed and will be replaced by much smaller political entities. Things will be much more localized. Globalism will be greatly dimished. Imports will have to be paid for with real things not paper fiat dollars. Long distance travel will be much more difficult and will be rare. Electricity availability is in question. Resources will not be there to conduct long distance overseas wars, at least something good will come of this. It will be back to the future.

[Alexiscom1]

@jimbobubbadj I agree whit your conclusion. For many people in the West just have what they really earn will be dramatic, many of them are used to wealth transfer from someone for generations.

[MaxZagar]

Is the blockade of Iran resulting in the Euro going down in relation to the USD ?

[Alexiscom1]

@MaxZagar Central Banks are planing the USD/EURO value by trading paper back and forward.

[SopraTutt1]

@jimbobubbadj I define wealth just like Wikipedia does. If the Soviet Union was to control many resources in '89 (they used to mostly have gold and oil, for which the prices were low for a decade), Gorbaciov would've have kept the power. That's all I'm saying.

[Mikahopea]

Euro bonds downgrade, its only good thing. everybody knows france isnt AAA country, usa is something like BB country. CCCP was communist country, euro - countrys are not communist. greece may leave euro 2013 or 2014 and it will only make euro stronger.

[Alexiscom1]

@atksingh I am advising to do the opposite go deeper into debt to buy silver. it is what I do, many disagree with that.

Wait when the government starts paying instead of growing debt to pay yours. Basically you do what the Gov does in relation to the debt, borrow and default, borrow again and default until currency collapses.

[jimbobubbadj]

Agreed that people will only survive on what is available locally in the coming years.

[jimbobubbadj]

@TheRandian1 Dmitry Orlov has great info on the USSR collapse and how it can predict how the USA will do in a collapse.

[jimbobubbadj]

@SopraTutt1 How do you define wealth? If you define it in fiat paper dollars, I beg to differ. Peace.

[jimbobubbadj]

@Alexiscom1 I hate this whole system!

[NovusChaoMundi]

In 1999 the world consumed 10% of all the oil that had ever been produced, the most ever in one year. The economic growth slowed down since then and is now negative.

[carlhopkinson]

Explanation is the market figures the TPTB will be forced to print enormous amounts of

currency now or the whole enchilada will implode.

[K3ys3rS0ze]

@hatch381 us has a dual system, the republic is for the citizens of the states, the democracy is for the citizens of the USA inc.

[SopraTutt1]

Alexicom, I think there is a big difference between the current west and the communist Russia. There was no much wealth left in Russia, while the west is full of wealth now. What I think will happen now is that a big part of this western wealth will change hands.

[hatch381]

The US is not a Democracy...we are (supposed) to be a Republic, the rule of law. Our nation is breaking down because we no longer follow the laws we have in place and primarily the Constitution which is the supreme law of the land.

[TheRandian1]

Any chance you have a link for the documentary you saw? Was it in Russian or English?

[TSOS20]

The right idea is usually met with resistance because life is full of hard right choices, and easy wrong choices.

[Kanechi1000]

everybody must eventually collapse because the whole banking system is like a ponzi scheme ran by the super elite. rogart and reignhoff cover the historical limits of the ponzi scheme that has been going on throughout most of history. things will cycle up and down until eventual failure but the question is how does that effect you in your time frame?

in a black swan event (rare) the down cycle is drastic. historically we may be close but maybe not for a while.