Are we headed for another great depression?

consider that our currency is debt based. That is, for every dollar in circulation, a dollar of debt is created. So add the national debt of $9 trillion to the private/commercial debt of ~$5 trillion and we have a total debt/money circulation of $14 trillion. Latest reports from the US Treasury show the government has 149 million troy ounces of gold on hand and no silver. Dividing 14 trillion by 149 million, and it looks like our government could support the dollar somewhere north of $90,000.00 to the ounce. The ONLY thing that has kept the dollar afloat has been its status as the world's reserve currency. Most of the dollars in circulation are in foreign countries. When they will no longer accept these dollars, they have no place to go but home. I buy gold and silver. I have moved to a rural community and have 10 acres. I am putting in a chicken coup. I will be putting in a garden in the spring. Our economy has been a slow motion train wreck for several years now but the pace is accelerating. I hope we can get Dr. Paul in the oval office before the collapse comes. If not, I doubt there will be any elections.

A depression wouldnt even begin to describe it. It will be a super massive, huge, tremendous, extremely large, eye-popping, jaw dropping world-wide colossal depression. Theres only 2 ways to escape.

1. Move to Antarctica where there is no actual currency
2. Get Ron Paul elected as president of the United States

Has anyone given thought to what we are going to do about the troops? How are we going to get them home? Any imput?

yep. period. sell sell sell!

When inflation grows faster than the economy! It's just the government is fudging on the inflation numbers. We are in for a seriously bumping ride, I don't think it's going to be like 1929 where there's a run on the banks. It's going to be like Germany in 33' or Argentina a few years ago...money just becomes worthless.

Mike
Who is Ron Paul? I am Ron Paul! We are Ron Paul!
"Fire Team for Freedom" on RonPaulRadio.com
Mondays and Wednesdays 10pm EST
or visit www.mikeandjake.com

NOW
Rapidly declining dollar, Fed continuing to print fake money to pour into the monetary system to bail out the banks, Fed lowering interest rates this week another quarter of a percent, stock market dropping 300 points the same day because the new interest rate wasn't low enough. Fed now auctioning off billions of dollars in loans next week for banks to buy up and doing the same in January.

9 trillion dollars in debt, the cost of our empires and wars overseas costing Americans almost 1 trillion dollars a year (which we borrow from China and Japan), subprime mortgates causing forclosures in the housing market and defaults on loans, Iran deciding not to take US dollars for oil anymore, only euro's and yen (a week ago). Manufacturing jobs down to one quarter of what they were 20 years ago, unemployment up tremendously (you are considered NOT unemployed after 6 months of unemployment even if you don't have a job...thanks to Bush changing the laws). Inflation tax causing everything to cost more thanks to the declining dollar...want me to go on?

That's why we need Dr Paul as President because he is the only candidate intelligent enough about our monetary system to stop this from happening.

Here's the scenerio, countries stop taking our dollar to pay for oil, we have to pay in euro's which are almost 50% higher than the dollar, oil goes up 50% higher automatically. China calls in our debt if we try to stop the huge trade deficit we have with them and we don't have the money to pay them back. Dollar crashes, housing market crashes, Wallstreet crashes and people make a run on the banks (this has happened before and Americans only got ten or twenty cents on their dollar) The FED or big bankers go back in a buy up everything for pennies for the dollar.

Yes it can happen but I call it the total destruction of America's economy.

That’s also a good graph of Republican political hegemony.

See below: http://relfe.com/A06/great_depressi...

there will not be another Great Depression. Why? Because the would can't afford it. How America goes, so goes the world. If we had another depression, I wouldn't want to be around to see it. One third of the population of the world would starve to death, I like to eat to much to die like that. The bankers of the world have it well in hand. They will care for the world , and not let our dollar fall much further.
.

Attend a Church of your choice this Saturday.
G_d bless

Can't pay your mortgage? Bank takes your property.
Can't pay your taxes? Government takes your property.

They may let you stay there, but only if you do what they tell you to do...and they have Blackwater et al to ensure your compliance.

A depression is when the economy shrinks with attendant price deflation. The Fed is not going to allow the dollar to deflate. More rate cuts are on the way.

A recession is when the economy shrinks and there is price inflation. This is what we are witnessing. FRNs are going to inflate like never before (there may be episodes of deflation mixed into the timeline, but overall, inflation will reign).

Therefore, look for The Great Recession coming to a town near you...

This country has sufficient communication technology and transportation infrastructure to sustain itself through any sort of recession.

Ultimately the outcome of this economic downturn may be the downfall of the oil economy which is a universal positive, since that market is controlled mostly by people who don't mind making war.

In my opinion, what we are headed for is going to make the thirties look like a walk in the park.

During the thirties we at least had our manufacturing base in this country. Now most of it is in a communist country.

The next several years will see the return of stagflation. With multiple recessions coupled with inflation. The global economies are not as in bad of shape as they were in the 30’s. That being said people on fixed incomes or that do not have the technical or high end service provider education and knowledge will likely see their standard of living decline.

The nightmare scenario can be stopped but we need strong dollar hard money advocates in government and especially the White House. The excesses of the last decade and a half can be washed out quickly, painfully yes, but quickly if the market is allowed to perform its function.

Once the liquidation of bad mal-investment occurs, world wide capital flows will come back to the US and will come back rapidly so long as investors are confident the US is committed to hard money.

What do you see?

OPPORTUNITY IS NOWHERE

OR

OPPORTUNITY IS NOW HERE

I see a cheap Dollar - buy signal

I see a high Euro - sell signal
Canadian Dollar sell

China is the new America. Just China's population alone has the strength to fuel markets with demand.

I know I'll catch hell for this post and yes the dollar has been crashing. But until Ron Paul is elected we can profit from these circumstances.

There have been many "safety" measures put into place since the market crashes of 1929 and 2000. There is also a "plunge protection team" operated by the Federal Reserve. They buy when markets plunge.

But most importantly the common man needs to learn about syndicate traders. They are private traders with very large resources who initiate buying and selling "panics" by executing sharp moves in market prices. They will not go away when Ron Paul becomes President. They are independent of the Fed.

They have been around for over 100 years and will continue to influence markets until markets are no more. They are predators and they feed on the fears and ubris of institutional traders and retail traders.

As freedom fighters we need to make ourselves knowledgable about these syndicate traders of "smart money" as they are sometimes called.

Like rino birds we can profit from the market moves they precipitate if we learn to recognize their presence in a market.

Simply put when prices get too high they sell hard against the trend. When prices reach a low affordable level they buy hard causing a panic buy or short covering frenzie. Its all contrived but it's effects are very real.

Do I think we're headed to a police state? Yes because there's big money in security - TSA -VERICHIP - DHS - BIG MONEY!

The Dollar collapse is about ushering the Amero as a "solution" to a FED contrived problem. Just like the crash in 1929. It too was contrived by the FED to justify its own existence as a market moderating force. Contray to what former Fed Chairman Greenspan says in his book, the Fed knew exactly what it was doing to precipitate the crash of '29. Think about it. If you have massive amounts of money and prices are too high, you can't profit unless prices peak and turn down hard. So you "sell" into the euphoric market by putting massive amounts of stock into the market causing supply to increase and overwhelm the demand. As prices fall a "panic" begins with those who came into the market late. As they dump shares the downturn takes on more momentum and velocity kicks in causing more and more selling and panic. Guess who is waiting at the bottom with even more money than before this all started? Right. Now they begin to "accumulate" shares discreetly and almost unnoticed by buying against that last massive plunge. Their buying is camouflaged by the chaos and very high volume. Then the cycle begins again. As they "absorb" the excess volume they also continue to accumulate more shares each time the price dips a little. Then the steady - low volume - resumes. When they feel they have absorbed all of the excess volume they will often plunge down one more time to trigger institutional sell orders. If the sellers are not there, they buy hard to get prices up and away from that price zone quickley before competing buyers have a chance to come in. This is how they "lock in" the bargain prices they just scored. Now comes the herd following and pushing prices up.

These traders rarely lose. They have massive capital and can weather the massive cost of buying and selling against the trend.

"End Game"
http://video.google.com/videoplay?docid=1070329053600562261&...

Economic downturn
heavy shake of police state
no civil liberties
strangled fuel supply
strangled food supply
monitored communications

..become friends with someone who knows the land....

We are already in a recession...
With so many jobs having moved overseas and more still going.
The money being spent overseas and not here.
Americans buying foreign products they don't even need. I don't shop at Wallmart! I buy American on line just google "Made in America"
or "US Made" Or Electronics made in America or choose your own search for whatever MADE IN AMERICA. There are still a lot of things you can buy here if you make the effort. A lot of the time the quality is much better here as well. Yes they still make shoes here but much better quality than the others.
Then Hedge Funds with it's dirivitives market. Which will cause teachers and police across the country to lose their pensions because these pension funds are heavily invested in Hedge funds which are now showing sign of going under.
Then the Federal Reserve which as you know is not Federal nor is it a reserve.
The Fed buys a One Dollar bill from the US Treasury for under 2 cents a Ten Dollar Bill for under 2 cents a Fifty or a Hundred Dollar bill for under 2 cents.
The fed then lends the money back to us at full face value and charges interest on top. That would be like you giving me all the dollar bills you have in your pocket and me buying each bill from you for 2 cents and I lending it back to you with interest. That is the monetary system the bankers have put in place to rip us off. No wonder we are debt slaves.
The Dollar bills are not even money they are notes, promises to pay and not payment because Article 1 Section 10 of the US constitution says that "No State Shall make anything but Gold and Silver Coin Legal Tender".
That is the law of the land, it has not been changed.

This is one of the reasons I support Ron Paul. With all the people losing their houses and having difficulty making the payments, what's going to happen when the taxes are increased to pay for universal health care?

With house prices going down, the house taxes should be going down too. That might help some people with their payments.

Many people are talking about the Stock Market. But hardly anyone is talking about Derivatives. Strange - because size for size the Stock Market is the size of a mouse and Derivatives are the size of an elephant.

In the last Depression, we derivatives were not part of it.

What are derivatives?

A derivative is basically a bet. It includes such things as options and futures, but there are all kinds of derivatives available now - including bets on interest rates and even on the weather!!!

See a graph of outstanding derivatives at:
http://relfe.com/derivatives.html

Please visit http://bestronpaulvideos.com/

Ron Paul has said words to the effect that something is coming like this and we can't avoid it, but we can make it less disastrous.

See this amazing graph:
http://relfe.com/A06/great_depression_repeat_1929.html

Please visit http://bestronpaulvideos.com/

Ron Paul - House of Cards:
http://youtube.com/watch?v=XaxdUPNYj2s

We should all consider several things concerning the Federal Reserve’s fiat monetary system, it has an inherent terminal point that will eventually breach the systems viability. A few years ago the system reached its Peak Practical Lifespan where the economy is no longer able to tolerate what would once we considered minor disruptions, such as small interest rate hikes. The next step on the terminal time-line will be when the system reaches it Maximum Possible Lifespan when massive financial dislocations begin to occur rapidly as domino falls upon domino. The unraveling of the economic rope will be so rapid and intense that nothing the Federal Reserve does, or other the global Central Banking Cartels, will be able to stem the complete systematic annihilation of the monetary foundation of the global economy.

Since the entire system, and indeed all of society as we now know it, is built upon a fiat monetary system once that system implodes due to the weight of the massive debt upon which it is created, everything collapses. Every Fiat Federal Reserve Note, whether digital or physical, is borrowed into existence with nothing backing it but the debt itself. The system relies upon the expansion of debt to maintain its viability and it is that very expansion that will cause the eventual collapse of the system since there comes a point where the debt requires much more servicing than the economy can possibly produce. It is a classic Catch 22, and unfortunately there is no remedy that the government or central bankers can readily produce to avert the termination of the system. The emerging chaos will be unimaginable and totally unmanageable. Say bye, bye to life as we know it.

Imagine, there is only one presidential candidate addressing what will be one of the most important issues this nation and this world has ever faced in history. What does that say about the caliber of this field of candidates?

The Depression will come again one day. We don't have the power to stop it because our entire economy is built like a house of cards with no real foundation anymore. It's built on debt, expanding the money supply, and constant inflation. Eventually the system must crash, like the soviet system crashed due to not being viable. When this will happen is anyone's guess. It could be in 2 years, it could be in 20. If we don't change our ways, it cannot be prevented in my mind.

"the party's over".

America is sick and needs a doctor!

Recession, certainly. Depression, no. These kinds of market corrections happen cyclically.

The trouble is, certain discomfort (a relatively mild recession) is a tough political sell, but is often the only alternative to calamity.

If Dr Paul and/or hundreds of Congressmembers of like mind are NOT elected soon, we are headed for catastrophe. The only way out of this fiat money binge is through the discipline that a recession would impose and the subsequent reallocation of resources.

Demoblicans have discovered that they can indefinitely postpone the hangover simply by staying drunk, forgetting that the alternative to a bad Monday morning is death by alcohol poisoning.

Viva Agora!
LehrBoy
www.citizenduquesne.org

...there will not be another Great Depression. Why? Because the would can't afford it. How America goes, so goes the world. If we had another depression, I wouldn't want to be around to see it. One third of the population of the world would starve to death, I like to eat to much to die like that. The bankers of the world have it well in hand. They will care for the world , and not let our dollar fall much further.
.

Attend a Church of your choice this Saturday.
G_d bless