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20-04-2024 05:44
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Season 90 · Week 3 · Day 19
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Financial Armegeddon/Civil Unrest

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It's coming.....and there is nothing anyone can do to stop the rot.

Type ''Financial Armegeddon'' into youtube and watch some of the US related stuff.

All empires eventually fall........USA is next.

also.......

I see the rioting has now spread to other parts of London and Birmingham.....tip of the Iceberg imho.

Whilst Cameron and Osbourne sip Pimms on the terrace..... Rome burns.
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Re: Financial Armegeddon/Civil Unrest

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we're not going to fall, we're having tough times, great depression type stuff, but wont be as bad, we will survive

Re: Financial Armegeddon/Civil Unrest

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No way out of the black hole I'm afraid rock.

Ultimately.....this can only end in two ways......A new world order with one currency or world war 3.

America and the Western world now has an unserviceable debt......and it is only a matter of time before the US defaults and the Chinese call time on what they are owed.

As far as civil unrest goes......it's coming.....everywhere...

Almost the entire middle east............Israel......

Now the UK kicks off....London, Birmingham......and now Liverpool.

The gap between rich and poor can only grow so wide before society breaks rank and descents.

Obama is a brilliant actor......but I'm afraid he's facing the final curtain.....and soon.

Re: Financial Armegeddon/Civil Unrest

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middle east has been chaos for centuries, i guess by your viewpoints its world war 3 then, because nwo cant happen, because Israel would have to have it under judaic law, whatever goes down, i'll be ready, will you?

Re: Financial Armegeddon/Civil Unrest

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you should round up all of those facts and write a book and produce a film,
didnt somebody already predict the end was gonna come in 1984,
observers have been saying for the past year that we could have a double dip recession, well here it is, but to me it seems like it was all deliberately timed to fall into the same pot all in the same go, almost man made or completely man made, europe hasnt been able to get the stalling engine going and then all of a sudden the US are in the creek without a paddle, so lets make the euro situation show even worse than we pretended it wasnt, it is like burying bad news on top of bad news to deliberately send the markets into free fall, i smell a rat , but im not sure what the motives are, but with the middle east in turmoil then where is the rat gonna go sniffing , it stinks, and for my own personal sake and everyone else like me, i hope the markets can recover as quickly as they did last time, but i have already made the decision to forget about semi retirement/ retirement and get my ass out looking for work to keep the wolves at bay..

Re: Financial Armegeddon/Civil Unrest

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Not sure any of us will be ready rock....we are in unchartered here and who knows where all this will really end.

I think there was unrest in about 20 English towns / cities last night. It annoys me that on the news channels everyone is talking about getting tough on the rioters.......but no one is talking about the route cause of this.

The capitalist system has created a completely detached political system and an under class of people with no hope, no aspirations and no fear of authority.

Scary times.

Re: Financial Armegeddon/Civil Unrest

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Just found this.......brilliantly written.


http://pennyred.blogspot.com/2011/08/panic-on-streets-of-london.html

Re: Financial Armegeddon/Civil Unrest

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Next stop World War 3, ah shit, that means I gotta join the army :O

Re: Financial Armegeddon/Civil Unrest

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shoot the scum

Re: Financial Armegeddon/Civil Unrest

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No, dont shoot whinswood! nah im joking

Re: Financial Armegeddon/Civil Unrest

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Whinswood, the US can't default. It's in our constitution. We will print money and create astronomical inflation before we fail to pay a debt.

That said, it's really frustrating how politicians on both sides are using this situation for their own political gain rather than actually trying to solve our problems. And I seriously doubt they could really improve things by passing laws anyway. Alan Greenspan doesn't think we're heading for a double-dip recession, but we won't see a real recovery in the markets with all of the lingering uncertainty (Italy, US debt reduction, etc.)

Re: Financial Armegeddon/Civil Unrest

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Fair comment tpc.......but what happens when a loaf of bread costs $20 ?

As I said ......there is no way out of this. US will never recover because to do that you need growth in the economy. Where is that growth going to come from ? There is no money to invest into the infastructure.

The Chinese can manufacture at a fraction of the cost the US does.

It's game over. The west loses and China becomes the new world super power.

If the US gets hyper inflation then the riots currently seen in the UK will look like a garden party compared to the US.

Re: Financial Armegeddon/Civil Unrest

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"what happens when a loaf of bread costs $20 ?"

Let them eat cake?

Re: Financial Armegeddon/Civil Unrest

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lol......You said it......We will see the elite close ranks like never before.

Re: Financial Armegeddon/Civil Unrest

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I hope not, we have just got rid of our army.

The USA will recover, the main problem they face is starvation caused by global warming causing US crops to fail. Some fields have had no rain in two years.

But then you have to remember the US does not believe Global warming exists and took no attempt to lead any action to address the situation

Re: Financial Armegeddon/Civil Unrest

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Haha, most people I know accept the greenhouse effect and global climate change as a reality.

The problem is that too many people are making too much money from traditional energy sources (burning hydrocarbons). To address an earlier comment, many politicians in the US advocate an investment in sustainable (green) infrastructure, which would address several problems at once. Kill three birds with one stone. Again, I blame the two congressional houses for their inability to pass meaningful legislation, and Obama hasn't exactly been the strongest leader in this regard.

Ant: Financial Armegeddon/Civil Unrest

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At last.

Although my region (Belgium/Western Europe) will be one off the falling empires, I really like the fact that world power is shifting towards the BRIC-countries (Brasil/Russia/India/China).
It won't be for today, but prob. within the first 30 or so years.
History teaches us that empires rise & fall & new ones will rise & fall & so on.
Time for some others I think, after 200+ years of the current ones.

Each on turn, that's not to much.

Re: Financial Armegeddon/Civil Unrest

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with regard to the riots, the power of modern means of word spreading and incitation has helped to ignite the flames, the culprits have always been there and riots in london have been going on since 1980, and today a 16 yr old youth has been arrested in glasgow for inciting/provoking unrest via facebook,maybe the authorities are behind on the fact that things can turn ugly at the click of a finger, but there are now 16,000 police officers drafted to duty in london and the mayor of london has been heckled by locals telling him not enough police presence, we now also have legit electronic petitioning a popular one has been a return to the death penalty but also more popular against the death penalty, there are elements in our capitals who want to rule via fear and they want the police/ authorities to be frightened too. guns are pretty scary, so best arm the police, the john paul menezes shooting is being rumoured to be an undercurrent to the escalation from this shooting, it is about how the authorities deal, act and learn from situations, trends, i actually think that some good may come out of this as it will make local communities against these violent acts stronger, it will give the authorities a jolt and also create and bolster topics of complaint, it is whether the authorities deal, act and learn which is key..
with regards to the stock market, the FTSE has regained today, so lets hope it is a short term blip and it can even out..
then we can concentrate on war.. : O )

Re: Financial Armegeddon/Civil Unrest

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to sum it up, the world is not coming to an end

Re: Financial Armegeddon/Civil Unrest

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A sustainable financial model is a fairly rare thing anywhere in the developed world. America certainly does not have it, and I would say has not for at least 100 years or so. Let's say the Depression kicked in properly in 1929, so we can safely say that the boom that preceded it was not sustainable. An important question: How did America emerge from the financial strife of the 1930s? World War 2. For all the literature and media regarding WW2, many important factors in relation to the US are not well publicized, and two in particular are crucial when considering finance and economy.
(1) Prior to America becoming involved in fighting in WW2, they manufactured and sold munitions and equipment to the Allies, and extended significant loans. A cynic may even wonder if part of the motivation behind getting "physically" involved was to safeguard the investment they had essentially made. They profiteered hugely from the weapon and equipment sales, certainly in the short-term, and also profited hugely from the financial loans, in the long-term.
(2) In the aftermath of WW2, in peace time, America spearheaded an endeavor to devastate, even utterly destroy, the industrial capabilities and infrastructure of both Germany and Japan. It was a stated aim to render Germany an "agricultural economy". Thus in the years after WW2, with most countries in Europe rebuilding, America again profited hugely from selling the equipment needed, short-term, and by general sales of manufactured goods for at least 20-25 years. Minimal worldwide competition, which also sowed the seeds for an attitude that less-than-maximum quality was acceptable. Hit the 1970s and we find Germany and Japan, perhaps most visibly in the automotive industry, and the latter particularly in home electronics, have rebuilt and are now producing products of superior quality. Minimal consideration has been given in the US to this possibility, with free-market beliefs that offer no protection to their domestic manufacturers as superior quality and often cheaper foreign imports start to overtake the value of exports and, in time, even have a superior domestic market share. And then the excessive borrowing started. To cover up the underlying financial devastation the US was suffering, which was probably comparable to the crisis of the Depression, borrowing went stratospheric to cover it up and maintain what we now know was an illusion of global financial power. I would trace that to the 80s at least, but most likely as far as the 1970s, even the Vietnam War where financial outlay was vast and spoils of war, in stark contrast to WW2, were ultimately essentially zero.

In summary, I would say the US has never demonstrated financial power and sustainability in an even, open competitive global market. During the 80s we can all find the US and USSR considered the global powers. When the USSR collapsed, we found how much of a facade a lot of the apparent power was. I would say we are seeing exposure of similar facade to the US. Would it be unreasonable to even suggest that with Iraq and Afghanistan, with the finances being poured into the war effort in each, the US literally cannot afford to fail? Hmmm.

Re: Financial Armegeddon/Civil Unrest

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Oh oh I should do a separate essay on Civil Unrest...

I'm not so interested in that right now. I'm skeptical how much of this is real visible reaction to the numerous frustrations people have compared to how much of it is misguided determination to view a situation of "police kill black man" as indisputably racist and justifying public chaos before facts are established, let alone responsibility assigned or charges potentially brought. And upon any such chaos, we'll inevitably see general fans of vandalism and anarchy join, only really there to damage and destroy what they can, and of course the legions of looters who are really only there to steal whatever they can. I am inclined to think the racial aspect to this, that is in terms of the people involved in the rioting, vandalism and looting, is being played down, which is typical of the mainstream media.

Re: Financial Armegeddon/Civil Unrest

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HAHAHAHA

Good times!

Re: Financial Armegeddon/Civil Unrest

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media is too mainstream....
gosh guys, must you all where internet posters saying "the world is going to end, y2k, god help us all"

lol, its funny that civil disorder and monetary loss is culminating as december 21st, 2012 approaches...maybe its the center of the black hole in the middle of our galaxy that is screwing up our minds and making us lose all social order...
Or maybe people should come to canada, cause things here don't seem as hectic at all as they are in the US and UK :P

Re: Financial Armegeddon/Civil Unrest

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apparently canada has everything in a larger scale to everybody else, as ive often been told by an ex pat canadian, so you should be having a larger riot and greater debt..
im sure your compatriots are over the moon with your come to canada offer, you should prey to god it doesnt get taken up, its not as hectic..
does that mean you are doing something right, or something wrong, hmmmm..

Re: Financial Armegeddon/Civil Unrest

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essay 2,
shopkeepers getting mob handed to protect their businesses and residents coming out en masse to help in a clean up operation,
gang of shopkeepers chase off gang of hoodies..
these are all relatively new happenings and again maybe reflect social networking playing its part.
gang of forty in firebomb attack on police station is a bit more hardcore, and also the burning buildings are coming across as much more disturbing to anything i have seen, i wonder what will happen if there is a loss of civilian life.
there was 8 arrests for the attack on the police station, i dont think these guys will be getting a slapped wrist, at least you would hope not..

Re: Financial Armegeddon/Civil Unrest

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Next year will see the end of civilization as we know it. Im not saying the world will end but it will be beyond recognition in terms of society and the leading superpowers. You only need to read the all of the above comments to realise it is happening already.

Re: Financial Armegeddon/Civil Unrest

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filthy marxist whins ;)

Re: Financial Armegeddon/Civil Unrest

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the new electronic petitioning format currently has a petition for the subject of convicted rioters should lose their benefits, there is over 100,000 signatures, once this number is reached, the subject matter has to be reviewed in a commons debate or lords, one of the two...
also the government is proposing evicting rioters from council homes, i am not sure of this, i dunno if it is best to keep riff raff contained, or allow them to move on.
lots of public outcry, the good outnumber the bad, plus 1500 arrests and counting, with some pretty heavy scale house arrests, there are going to be a few hefty sentences dished out, particularly for the three fatalities..
could this signal the end of the chav as we know it...

Re: Financial Armegeddon/Civil Unrest

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lol @ bling...

@ heddo

''could this signal the end of the chav as we know it...''

Don't hold your breath mate;)

Re: Financial Armegeddon/Civil Unrest

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Lots of predictions here, heddo and his followers might find this entertaining...
 
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