WTF !!! is this TRUE OR NOT!!!????

Atakheal — Mon, 10/20/2008 - 19:33

http://video.google.com/videoplay?docid=1954933468700958565&hl=es

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Atakheal's blog

Showing a blurry piece of

jaibyrd — Tue, 10/21/2008 - 14:01

Showing a blurry piece of metal in a currency I've never even heard of and telling me that the Canadian, Mexican and US dollars are going to be made into one currency because the US government says so is an interesting bit of nonsense. The Canadian Dollar while reflecting the US one does not have the same 'debt' and neither does the Mexican one. How he goes from the idea that the US dollar is going to be worthless to creating a North American coin system is really the funny part as far as I can see.
However the point of having some of our savings in a tangible like gold or silver buillion is always a good plan, so even though his theory is illogica, that bit of advice is already well documented.

You know I was looking at it

Fjork — Tue, 10/21/2008 - 12:57

You know I was looking at it and thinking the same thing.

Its a personal deficiency of mine. Drives the wife nuts some days.

Fjork, let me sum up your

Shihli — Tue, 10/21/2008 - 12:42

Fjork, let me sum up your last post, and mind you I mean no offense -

"That was the point I was kinda going for."

"The point I was going for in my original post"

"The point I've been trying to make all along is this:"

Your point seems to shift every 10-15 seconds ... from "could the economy crash overnight? Yes, but not likely" to "if you're worried about the economic crash, do the following" to "will the world end tomorrow? Possibly, but probably not".

Your posts will be 100 times more legible if you started with one point, stuck with it, and got to it more quickly. I find it very hard to work through your posts because you have a very wandering and low-precision way of posting. Finding "your point" seems to be rather difficult, because as I pointed out above your point changed three times in one post.

Honestly I kinda thought it

Fjork — Tue, 10/21/2008 - 12:33

Honestly I kinda thought it was a very good analogy between the two.

They are each just about as likely. Possible, yes. Improbable? Definitely. That was the point I was kinda going for.

Are either of them something that 'could' happen. Sure. Am I gonna worry about it? No. Not really.

In that case I'd start worrying about walking outside on a sunny day because I didn't wanna get struck by lightning twice in a row.

The point I was going for in my original post was more along the lines of "If your worried about an economic crash, do this."

On the other note, inflation and the loss of value of the American dollar are going to continue to happen. Its fact of life in economic society (in my opinion). But then again, I'm making about three times more now than my great-grandfather was making when he retired. The loss of value of each individual american dollar is only really a concern when inflation in cost isn't matched by inflation of gain. That has happened (aka, raising of minimum wage, but I'm NOT going into my opinions on THAT one.), so I'm again, not worried about it.

The point I've been trying to make all along is this:

Will the world come to an end tommorow? Possibly.

Should I worry about it? No.

Draw your correlations as you will.

Fjork - The economy can't

Shihli — Tue, 10/21/2008 - 12:09

Fjork -

The economy can't "just fall any given moment". It doesn't work that way. People don't just suddenly overnight go "y'know, I don't think I want to have any value in my money". There were indicators that our economy was failing months, if not years before it did.

Same with the San Andreas Fault analogy. It won't just drop California into the sea because of a "bad earthquake". Alaska had a massive earthquake (the largest recorded in the US) a few decades ago, and the result was tragic - an entire town sunk a few feet into the ground. However, Alaska itself didn't sink into the ocean.

California won't either. There is earth underneath California y'know.

"Doesn't seem realistic, but

Fjork — Tue, 10/21/2008 - 11:29

"Doesn't seem realistic, but the fact of the matter is, with an capatalistic economy the economic crash is 'always' one step away from happening."

I guess my intent go lost in my ramblings. :-)

My intention was more along the lines of "it may happen, it can happen, it might happen, but will it?" concerning an economic disaster.

Let's be honest with ourselves. The economy could crash at any given moment on any given day. Simple fact.

On the same note though, the San-Andreas Fault could drop California into the sea from a really bad earthquake at any given moment on any given day. Does anybody that live there 'really' worry about it? Not really.

Don't confuse inflation with

Dufe — Tue, 10/21/2008 - 11:22

Don't confuse inflation with the value of the dollar on the international money markets. They are NOT the same thing. Also, deflation generally does TERRIBLE TERRIBLE things to an economy.

Removing trade taxes did not point us to inevitable economic disaster. That's like saying a single battleship bombarding the beaches of Normandy won all of WWII, not to mention that people who think removing trade barriers is necessarily bad generally aren't taking the entire aggregate cost/benefit picture into account. Two things that really are at the root of our current situation:

1. Not living within our means, which in turn has led to vastly deficient savings on a national aggregate level and an overly large personal discount rate on future values (Which means we end up with very dangerous short-term-only thinking and planning.)

2. People freaking out over things they shouldn't. (In other words, the uneducated masses don't understand how to react to certain information.)

(No, I didn't watch whatever this guy said - I don't care.)

His views are interesting and

Fjork — Tue, 10/21/2008 - 06:53

His views are interesting and correct, however he neglected to mention one point.

America is a consumer/trade economy. I wouldn't be surprised if we've been minting money for other countries for years. Its called "Making money by making money" :-)

I didn't bother to watch the whole video, because to be frank, it doesn't matter.

He IS correct in that the American dollar is falling in value. I think we've all known that for years. When the Euro was first created, you could by six of them for a single american dollar. Now, every single Euro is worth 1.32066 American Dollars (http://moneycentral.msn.com/investor/market/exchangerates.asp). We've all known about this and seen it coming. Its part of a non-communistic economy. It ALWAYS happens. Take the Russian Rubles. Turned worthless. Take the money used in each of the different countries in Europe before the creation of the Euro as a stabalizing factor. Nearly worthless.

However, unfortunately for him, Shihli makes a very valid point. Regardless of the supposed truth of his statements, the fact that he's antiseministic will always put a stain on anything and everything he says. Its a philosophy that promotes lying and deception (and a great deal of self-deception).

Would I worry about his statements?

No.

Your not going to be able to do a damn thing about it.

What you can do however, is become knowledgeable enough in yourself however that if the economy does actually crash. We've been headed an economic disaster for since Bush removed trade-taxes on goods coming into America through Mexico, which he declared war on Iraq to hide.

Learn to like beans. And rice.

Learn how to grow your own food.

Learn how to build walls.

Doesn't seem realistic, but the fact of the matter is, with an capatalistic economy the economic crash is 'always' one step away from happening.

That's what makes America a fun place to live. Keeps you sharp to know you might have to learn how to boil your shoes for dinner. :D

"He IS correct in that the

Derchlon — Tue, 10/21/2008 - 08:46

"He IS correct in that the American dollar is falling in value. I think we've all known that for years. When the Euro was first created, you could by six of them for a single american dollar. Now, every single Euro is worth 1.32066 American Dollars (http://moneycentral.msn.com/investor/market/exchangerates.asp). We've all known about this and seen it coming. Its part of a non-communistic economy. It ALWAYS happens. Take the Russian Rubles. Turned worthless. Take the money used in each of the different countries in Europe before the creation of the Euro as a stabalizing factor. Nearly worthless."

You are incorrect. it doesn't ALWAYS happen. I can think of at least two instances where deflation has occurred in the United States. The first was in 1836, and the second happened after the Great Depression. In fact, the 1836 deflation increased the value of money by 30%!

That being said, I don't think our dollar will be able to recover in that same way from our current situation, because of all the extra deficit spending we're doing to try and "fix it", which is reducing the value even farther.

i fuckin hope not that's some

Deleyna — Mon, 10/20/2008 - 23:58

i fuckin hope not that's some fucked up shit if it is true!!

http://en.wikipedia.org/wiki/

Shihli — Mon, 10/20/2008 - 23:55

http://en.wikipedia.org/wiki/Hal_Turner

The guy's a racist douchebag, and nothing he says should be taken seriously.

seriously watch the Video

Atakheal — Mon, 10/20/2008 - 19:35

seriously watch the Video

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