[color="Red"]International Monetary Fund finally accepts the fact – world headed for a depression unless U.S. Housing Slowdown is halted
Joe Weinman
Nov. 18, 2006
If the US housing slowdown continues, two things are going to happen. First the US consumers will shrink back like never before and that will collapse Asian economies that depend on American consumers. But more importantly people in America have already started realizing no matter what the Government projects, they are getting poorer slowly but steadily.
The net effect is very serious for the global economy. First, the WalMarts of the world will suffer big time. China and India will face depression. Japan will be seriously hurt. Then there will be a forced showdown of closing the borders to free trade. An all out trade war of worst in nature will break out. The American businesses who thaught they control America, learnt a good lesson in the last election. The American democracy is alive and is actually prospering. The special interests now (whether Democrats or Republicans) have difficulty in brainwashing common people. People will demand restricted fair trade with all countries that plans to dump goods and services on America.
Housing starts in the U.S. tumbled 14.6 in October to the lowest level in more than six years. That prompted a warning signal from the International Monetary Fund Managing Director Rodrigo de Rato.
Europe’s and America’s trade gaps are worsening with China and Japan. If things do not improve in the UK,US and the Euro zone continues to slow down, the China and Japan both will be asked to come and manufacture in America and Europe. That will be the end of Asian prosperity for the time being. It will also mark the of offshore outsourcing as we know it.
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All is for naught without a good edJEW(K)shen.
[ Educational sites ]
[color="Red"]International Monetary Fund finally accepts the fact – world headed for a depression unless U.S. Housing Slowdown is halted
Joe Weinman
Nov. 18, 2006If the US housing slowdown continues, two things are going to happen. First the US consumers will shrink back like never before and that will collapse Asian economies that depend on American consumers. But more importantly people in America have already started realizing no matter what the Government projects, they are getting poorer slowly but steadily.
The net effect is very serious for the global economy. First, the WalMarts of the world will suffer big time. China and India will face depression. Japan will be seriously hurt. Then there will be a forced showdown of closing the borders to free trade. An all out trade war of worst in nature will break out. The American businesses who thaught they control America, learnt a good lesson in the last election. The American democracy is alive and is actually prospering. The special interests now (whether Democrats or Republicans) have difficulty in brainwashing common people. People will demand restricted fair trade with all countries that plans to dump goods and services on America.
Housing starts in the U.S. tumbled 14.6 in October to the lowest level in more than six years. That prompted a warning signal from the International Monetary Fund Managing Director Rodrigo de Rato.
Europe’s and America’s trade gaps are worsening with China and Japan. If things do not improve in the UK,US and the Euro zone continues to slow down, the China and Japan both will be asked to come and manufacture in America and Europe. That will be the end of Asian prosperity for the time being. It will also mark the of offshore outsourcing as we know it.
What a bullshit article, written by a Jew Wienman. Oh noes, the Walmarts of the world might suffer!
The US 'housing boom' has been driven by cheap spic labor, and a ready market of whites moving further out into the subburbs to try to escape these spics. This is just another of those 'the US economy depends on immigrant labor' articles without specifically mentioning the issue.
I really doubt this .
More than likely the world will go on an inflation binge . Printing money with reckless abandon , hyperinflation .
All world currencies are fiat . So each country can turn on the presses and inflate their way to 'prosperity' .
Pass me one of those Big Mac's , yeah the cheap one , the $75 one .
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[color="Red"]"sneaky 'GD' Jews are all alike." ......Marge Schott
" I'd rather have a trained monkey working for me than a nigger,"
This is just another of those 'the US economy depends on immigrant labor' articles without specifically mentioning the issue.
You've noticed a flood of those articles , too ?
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[color="Red"]"sneaky 'GD' Jews are all alike." ......Marge Schott
" I'd rather have a trained monkey working for me than a nigger,"
I really doubt this .
More than likely the world will go on an inflation binge . Printing money with reckless abandon , hyperinflation .
All world currencies are fiat . So each country can turn on the presses and inflate their way to 'prosperity' .
Pass me one of those Big Mac's , yeah the cheap one , the $75 one .
Actually both you and the article are correct. This will result in a hyper-inflationary depression, where values of things fall due to lack of demand (a depression - no money), but the fiat currency inflates astronomically increasing the prices. This did not happen in the last depression because the currency was backed by gold. Prices actually dropped.
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All is for naught without a good edJEW(K)shen.
[ Educational sites ]
There is an alternate opinion. Instead of hyperinflation, hyperdeflation! The ONE thing these international jews have going for them big time (in all of history) is their monopoly over creating money - and the US dollar is their goose that lays golden eggs.
Why would they trash that? A more devious scheme would be to get hordes of resourceful folks (worldwide) in hopeless debt, measured in US dollars, and then turn down the dollar spigot and be stingy about how many they let out. The ole feast followed by famine routine, big time, to enter an age of near perpetual debt for the bulk of humanity, and an unprecedented "golden age" for these international jews.
I have no personal stake in the outcome - somehow I think we are approaching a cusp, where the direction it plays out will become apparant soon enough. But, about 15 years ago I had a dispute with an international outfit (whom I assume knew about future prospects as well as any outfit can) that involved a few measley dollars over an extended period of time (measured in decades). They fought like cats and dogs and resorted to dispicable means trying to avoid even a small payout - it didn't make sense for the pitiful amount involved, and, that is what started me thinking about a future prospect for deflation - or, at the least, a LACK of significatn inflation for a few decades. Why would a large international outfit be worried about a small payout over a few decades if they expected significant inflation that would make future payouts very cheap and easy to make?
I haven't seen much inflation since then, and, for all the talk about it, ordinary prices for things (EXCEPT HOUSES) have been flat to slightly higher for me. I would advise all those who listen to SAVE whatever amount of money you can, and AVOID ALL DEBT no matter how unpleasant that might be - by all means don't invest in non-monetary items you have no personal need for (such as coins or metals or commodities or speculative holdings). Find a good LOCAL bank and save up as many US dollars (federal reserve notes) as you can.
Just a contrarian viewpoint.
There is an alternate opinion. Instead of hyperinflation, hyperdeflation! The ONE thing these international jews have going for them big time (in all of history) is their monopoly over creating money - and the US dollar is their goose that lays golden eggs.
Why would they trash that? A more devious scheme would be to get hordes of resourceful folks (worldwide) in hopeless debt, measured in US dollars, and then turn down the dollar spigot and be stingy about how many they let out.
Seems to me that would just lead to massive default and bankruptcy. People would just reneg on their debt and any collateral would be near worthless . A total collapse and the perfect environment for a revolution .
Still , good to have a contrarian opinion and consider the possibilities . The future could be an alloyed mixture of our seemingly disparate ideas .
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[color="Red"]"sneaky 'GD' Jews are all alike." ......Marge Schott
" I'd rather have a trained monkey working for me than a nigger,"
itz_molecular wrote:
"...A total collapse and the perfect environment for a revolution."
You got that RIGHT! Ordinary white folks with common sense wouldn't pursue such risky adventures, but, keep in mind the dollar-makers are NOT ordianary white folks, but, international JEWS. They WOULD do it, thinking themselves smart enough to be able to gauge how to control things just above the revolution point. Hasn't that been their modus operandi throughout the ages - they push and push until the system breaks and they have to run for their lives, losing ALL in the process? Even 60 years later they are still miffed that they pushed Germany too far and got Hitler for all their efforts.
This time, they THINK they have the entire world under their control, and, should they manage to pull it off globablly, they not only could face a world-wide revolt, but, alas, leave themselves NOWHERE to run to - wouldn't that be poetic justice?
I got no crystal ball - it just seems like the system has developed to where it is very unstable, like unbalanced equations (WAY OUT OF BALANCE!), and a massive balancing has to occur. If they are as smart as they think they are, they will certainly TRY to salvage this most lucrative of all their historic holdings, the control over the issuance of the world's reserve currency (the US dollar).
Actually both you and the article are correct. This will result in a hyper-inflationary depression, where values of things fall due to lack of demand (a depression - no money), but the fiat currency inflates astronomically increasing the prices. This did not happen in the last depression because the currency was backed by gold. Prices actually dropped.
Their value would fall in relation to what? Their value would be rising in relation to money if there is inflation.
The reason there was deflation was because the money supply collapsed. Loans and buying on credit create money. If for example you buy a $300 TV with a visa card, visa is in effect printing $300 of a de facto currency, and giving you a set amount of time to convert this currency into federal reserve notes and pay them back.
This is the way the Federal Reserve controls the money supply today, by setting the rates at which money may be loaned out to banks, which in turn effects the rate at which banks loan money out to people, which effects how much money people actually borrow from the bank. The bank of course makes a profit off of this, which is how the bankers gain the benefit of expanding money supply rather than the state, as the state would gain the benefit if it just printed money outright. That's how the government got by for so long without an income tax, they just printed money whenever they needed it, which wasn't often since they didn't have a massive welfare&police state to pay for. Now, they issue 'treasury bonds', borrowing money, which one day is supposed to be repaid by interest
In the 1920s buying consumer goods on credit became normalized, which in effect greatly expanded the money supply. Since the official currency was tied to gold, it wasn't able to take up the slack when the loan/credit money supply dropped (loans becoming uncollectable, people unable to retrieve money they had deposited in banks, etc). That's how we got deflation in the great depression, as you said, because of the gold standard.
That's why demand dropped during the great depression-people didn't have the money to pay for what they wanted. Also, deflation means the longer you hold onto money, the more it increases in value, so people hang onto the money for longer. This is why they got rid of the gold standard, and why it had been a cause of populists such as William Jennings Bryan.
On a side note, abolishing the gold standard is a large part how FDR was able to get the support of common white people for his disgusting policies, and formed his 'New Deal Coalition' that included white southerners and westerns that had supported Bryan (who was friendly with the KKK and religious evangelicals). By the 1960s civil rights mess they realized what was up and the 'New Deal Coalition' collapsed.
We are just pawns in all these machinations, and need to think how to live through this.
Just since I've grown up, I saw a small piece of the process of our people going from social relationships to economic relationships.
It's very sad. Many people in the Kwa get all their social interactions from retail store workers, wait-staff, and other purely economic transactions.
There was a time when social interaction came first and foremost, and economic interaction was tangent to it.
One might think that Social man is vulnerable to Economic man, but the reverse is true. Social man is stronger than Economic man. Social man (tribal man) is able to cooperate against the System; Economic man is atomized; an army of one, that is easily defeated, even if he numbers in the tens of millions. He is defeated . . . one at a time.
The coming hardships are going to suck big time. But we must try to make the best of it.
Godzilla mit uns!
Kievsky: It's very sad. Many people in the Kwa get all their social interactions from retail store workers, wait-staff, and other purely economic transactions.
So true Kievsky. Earlier this week I attended a funeral for an uncle. Several cousins and I were pallbearers and so we sat together off to the side at the funeral home. One my cousins lamented that it seemed like the only time we (the extended family) ever got together was for a wedding or a funeral and, in the last few years, the funerals outnumbered the weddings. Although we're nearly the same age, share many of the same interests and he lives in a rural town only about 10 miles from me, I hadn't seen this particular cousin in over a year (when we were at another funeral).
He raises chickens on his property. I steered the conversation to his chickens and we talked for a while of his successes and failures therein. We're going to get together this weekend over a couple of beers and he is going to show me his setup. I might bring home a few hatchlings.
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"There's never a cop around when you need one."
This time, they THINK they have the entire world under their control, and, should they manage to pull it off globablly, they not only could face a world-wide revolt, but, alas, leave themselves NOWHERE to run to - wouldn't that be poetic justice?
They may feel that nuclear itsahell will be their invulnerable safe haven . Or that they have saturated the command positions of the most powerful nations .
I don't have a crytal ball either , just guessing with a little historical and empirical knowledge .
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[color="Red"]"sneaky 'GD' Jews are all alike." ......Marge Schott
" I'd rather have a trained monkey working for me than a nigger,"