quote:

Ummm, well, not to disparage Nigerian banks or anything but I personally wouldnt touch anything in that country. But hey, if this guy is an expert and is putting his investors money there, then who am I to argue? If anyone agrees with his view on another financial crisis, then perhaps people should be putting their money in his fund.

quote:

ORIGINAL: extrmsadistseeks
The coming depression will not be our grandfather's depression.It could very well become a ELE.

quote:

ORIGINAL: subfever

quote:

Ummm, well, not to disparage Nigerian banks or anything but I personally wouldnt touch anything in that country. But hey, if this guy is an expert and is putting his investors money there, then who am I to argue? If anyone agrees with his view on another financial crisis, then perhaps people should be putting their money in his fund.

You're missing the main point. It isn't about Nigerian investments, it's about the derivatives being 10 times greater than the global GDP.

quote:

ORIGINAL: extrmsadistseeks

At any given time derivatives  can and will eventually fail when one side basically cannot perform. The entire financial system in place now depends on the incomes to pay out to all kinds of investors,institutional and other wise. The list is extensive. Back about ten years ago the county of Orange in California went into bankruptcy as a direct result of a derivative gone bad. The employees lost most of their pension fund and the county was unable to pay their bonds off among other things. Derivatives could easily be the weapon of choice by some wealthy hedge fund or other large funded group to bring down the entire financial system with a series of short selling on a derivative instruments. Today they are heavily used to insure all kinds of positions. so if you have a job it could be affected by losing it as a result of the company losing money when one goes bad or a mutual fund losing your entire 401 k ,or your pension fund.

quote:

ORIGINAL: extrmsadistseeks

This is a long post I apoligise for it, but....................

quote:

ORIGINAL: extrmsadistseeks
This is a long post I apoligise for it, but I cannot stand by and not state what I have seen with my own eyes and others. I know who have seen and heard it them selves.The coming depression will not be our grandfather's depression.It could very well become a ELE. The thin veil of modern society will collapse at the first sign of departure for the me, me generation.Remove electricity or push gas prices up to 5 or 6 dollars a gallon, it will collapse the private sector overnight. Un employment is running over 20 percent, if you use all of the real hard data and not the bullshit they preach. Fuel costs manipulated by everyone who has a hand in the cookie jar further pushes the lower middle class into deeper poverty. The system in place cannot support long term the amount of pressure now pushing upwards on it. The smoke and mirrors are starting to break. You are right about the lack of real leadership today. You can blame all parties, the career minded bureaucrats for creating this mess. The general public's head in the sand mentality has not helped the situation. Greed,corruption and just sheer stupidity is going to kill a lot of innocent people.With out a major purging of the system in place we will not repair or fix the current system.This was caused by a hundred years of back door corruption.

I agree!!

As one of you already posted about the situation it is far worse then that. The crop forecast for this year and next year does not bode well for grains  in general.The real forecast not the hyped up one that wall street and bankers forecast to steal the profits from farmers as they fuck the rest of us.I just got home from helping friends who are still drying out in the upper mid west and if they cannot plant until at least August, the crops they were planting in April and May, this year will be pretty much a wash.The flooding in the mid west has removed enough topsoil in farm fields it will take at least five years to regain what was lost due to flooding. Kind of hard to grow food on bed rock or sand.
We supply the world's population with about 80-90percent of the grains currently used to feed the 6 billion or so. We have no reserves and even if we had, most of the contracts in place would pretty much wipe them out because of contractual obligations. The average farmer is 58 years of age, most cities governments have pushed small homesteads farms into extinction.All the money in the world, gold, silver, diamonds, are great, but you cannot eat them.Nor will most trade for them if they are unsure of the long term outcome of the food supply

Thank you so much, I get tired of people stating that we need to do what we did 80 years ago.
This is a very different world now, than the world we lived in 80 years ago in America.
This is not a 1930's depression, that we are facing!
Once the fiat money system collapse happens, world governments will collapse over night.Derivatives, other financial instruments, bad policies, going back to the great depression, has helped put us in this position. Derivatives created the financial collapse in 2008.The system here in the States and elsewhere is badly fucked up. The only way to fix it, is to throw it out and start over.The current population will not do that, until the collapse has transformed their current mindset. You cannot get a fat and happy sheeple to drink polluted water until they no longer have water to drink.

Anarchy and chaos like what is just beginning in the Middle East will just keep building until a event or a series of events take place. Unlike the great depression of the last century  we now have wmd's and bio weapons within reach of most anarchists, terrorists. It is just a matter of time before someone follows through and does it. This is not a case of if, sadly but when, since America and a few others are the primary targets for most dissidents, we will bear the brunt of these events. It will only take one small bio, chemical or nuclear event within the USA to tip us over the edge.This does not include or takes into consideration natural disasters,hurricanes,tornadoes,wildfires,volcano eruptions, earthquakes and other calamities.FEMA does not have enough money to fully fund or place into operation their emergency field operation staging areas for the recent tornadoes.The Defense Department has been severely cutting support operations for deployed troops in both Iraq and Afghanistan, this includes ground and air operations.We are not even talking about how many banks are not foreclosing on property in arears commerically or homes because of the cost for the banks to manage, maintain, and pay taxes on all the real estate property now in arears. The system is now just a large ponzi scheme that is fast approaching a full collapse.

Just look at the current crisis in Japan  have you noticed no one is now talking about what is still a bad situation getting worse there.

Japan is facing a major food shortage due to the fact most of their top soil is now contaminated. No one has quite figured out where to put all of the contaminated soil, sea water,the debris now just sitting there as more radiation is emitted on a daily basis.Then consider  the large area of the agriculture production shall remain out of production for the foreseeable future. Add to that, their fishing fleets suffered major losses. Now with local radiation levels along the coastline, we just do not know the long term affects on the fishing estuaries. What most of the general public does not know is,several species of commercially caught fish travel through those waters as part of their natural migration.This July we shall see just how bad manufacturing will be since most of the integrated circuits and other preformed automotive modules come from Japan. Just in time inventory and the out sourcing by all major companies will force a lot of large companies out of business.They are already trying to re out source everything that was located in Japan to China and Vietnam among others  but this is turning into a confidence situation which can deflate the market rapidly. Right now as I write this I am talking to several friends who are in Japan working feverishly to stop the bleeding of several factories that are shut down and will not be back in production until next year at the earliest. I could spend the next month typing day an night about everything in the manufacturing channels that are now on the brink of stopping due to the situation in Japan. This is just one event to one country a small one at that physically.With the growing crisis in Europe and the Middle East each one is pushing us towards a collapse.

I thought about starting a thread about some of "the situations" facing Japan/the world, we need one.

Back in the 20-30's most of the population was living on farms. We only had about 60 percent of the general population at the time living in the cities. Local farming was still very much controlled by local farmers, not like today's massive commercial ag operations.The transformation of our agriculture in to today's just in time mind set will surely fuck us.Most of today's population do not have a clue to what goes into raising crops and livestock.We currently have the same size cattle herd as we did back in  1955 with a current population of over 300 million.2-3 years ago our cattle herds were sold off due to the loss of millions of bushels of corn and other grain stock used to feed cattle and hogs. The result was cheap beef and pork.I personally know many farmers who lost their shirts as a result. Food wise we have only 12- 24 hours of food in the current {just in time inventory system} for all of the grocery stores.Their main warehouses have to be resupplied on a daily, hourly basis, just to keep pace with the volume of food required. The current drought in Central and South Florida will have major impacts on vegetable crops come fall and winter because most of the large operators cannot afford the fuel,fertilizer and water cost to plant.Add to the current drought water restrictions in the Central Valley in California it makes for a dismal fresh food supply.A large portion of non brand canned goods come from secondary veg markets which are in increasing pressure to keep foods locally to feed their populations rather used for export.Freeze dried dehydrated foods are currently at all time high in growth and they have normally a 5 -12 week back log on most orders.The US government is buying more dehydrated freeze dried foods including mres then any other governement or civilian combined and has been for the last ten years. This excludes the war time food needs for mre's in the gulf region.

Again, this won't be a 1930's Depression
GET OUT OF THE CITIES NOW

SIT DOWN WITH YOUR FAMILY,SLAVES,PETS AND SUCH, MAKE A PLAN INCLUDE EVERYONE YOU TRUST IN THE PLAN.

Make a BOB Bug Out Bag for each member of your house hold kids, slave, pets included.
Include anything and everything you think you will need, if you have to leave your primary residence in a hurry.It should at the minimum contain at least 73 hours of non perishable food and a method to cook it.
Place one vehicle as your primary get out of dodge vehicle if possible.
It should contain general medical supplies, water, a way to collect and sanitize water on the go.

If you have the means to relocate, sell everything you can to make it happen. Buy a small 5 acres or more land with or with out a house on it and prepare to relocate.Pay cash, the more remote it is the better, make it at least 2 hours from your primary residence or more if possible. Learn as much as you can about living sustainably off the land. It normally takes about 5 years for the modern man to learn the skillets required to fend for himself.Plan on living in a time with out electricity or at least very limited electricity, so refrigeration and other modern conveyances will be highly restricted or non existent after oil related fuels dry up.

Most farmers these days do not grow survival gardens or live sustainably. They normally pick a particular crop and and plant one or two crops or one livestock.This is known as a monoculture farming. Unlike back in the 20-30's where it was mostly survival farms. So unless you are prepared to do it all ,you will not have the luxury after the food runs out and it will.

If you do decide to stock up on food, make damn sure it is what you and your family will eat, otherwise it will go to waste. Make sure you have at least one year of canned or other long term stored goods. Buy it when it is on sale. Make sure your food storage can be moved quickly if need be.If possible do not buy processed grains or other processed food, ie cereals, because they do not store well long term. Un processed or whole grains can be stored for long term use. Rice brown rice is far better in large portions then white rice if possible.

Water  it is the most important asset you have with out it you will die within 3 days. You can survive with out food for 30 days as long as you have potable water.

Weapons and ammo,  get em buy em keep em. Enough said

Most plagues and diseases are caused by a lack of sanitation good nutrition. Cities with out modern sanitation will be hot beds of diseases.

Be prepared to vacate whenever push comes to shove .You cannot out shoot or out last  a mob or large group mentality whose sole purpose is to take what you have. you have to have the mindset of escape and evade.

In closing  most of you will consider this post just information to blast me or others like myself who firmly believe this is prudent towards survival. To each their own, but when the SHTF happens, and it will,  you may become the person sitting there shocked at how fast it happened or worse, the one who is dead from others taking the advantage you gave them.

I have no problem dealing with looters or those who think they can just come and take what they want. I firmly believe in double tap.

quote:

ORIGINAL: Marini

quote:

ORIGINAL: provfivetine

Citizens!

You are not thinking straight. There will be no depression. Our superiors have been working very hard to save our economy from the wretched evils that ruined it in the first place. Don't you know that the economy is recovering? Joe Biden said so, and he informed us that the stimulus measures are working exactly as planned. Don't you believe Joe? Ben Bernanke, who has never been wrong about anything, also suggests that we are recovering. He is a student of the Great Depression and understands business cycles better than anyone. When Ben Bernake's omnipotent wisdom is combined with the leadership of the charismatic Tim Geithner, we have nothing to fear. When you add Barack Obama's sound understanding of the economy to the equation, it ensures that we will make it out of this hardship and emerge stronger. He told us the other day that there will be no double dip. Barack Obama has been right about nearly everything regarding economic and market matters.

Comrades...Do not fear anything! Economic prosperity is right around the corner!

If people believed in and than re-elected Bush, people will believe any fucking thing.
Ya wanna buy a bridge?

quote:

ORIGINAL: brainfreeze

I believe a depression is coming as well. Politicians from both parties have represented corporations for a long, long time now. This is why it doesn't matter who the president is. But enough of the party fan boys. Bush was nobody's conservative and Obama is nobody's progressive. Both are figureheads of a system that rewards lobbyists and corporations and that take from the middle class because the middle class doesn't have any effective representation at all. We haven't hit bottom and this will suck all the way down. The one percent of people that have 95% of the money will have 99% of it by the time we are there.

quote:

ORIGINAL: extrmsadistseeks

At any given time derivatives  can and will eventually fail when one side basically cannot perform. The entire financial system in place now depends on the incomes to pay out to all kinds of investors,institutional and other wise. The list is extensive. Back about ten years ago the county of Orange in California went into bankruptcy as a direct result of a derivative gone bad. The employees lost most of their pension fund and the county was unable to pay their bonds off among other things. Derivatives could easily be the weapon of choice by some wealthy hedge fund or other large funded group to bring down the entire financial system with a series of short selling on a derivative instruments. Today they are heavily used to insure all kinds of positions. so if you have a job it could be affected by losing it as a result of the company losing money when one goes bad or a mutual fund losing your entire 401 k ,or your pension fund.

quote:

ORIGINAL: MasterSlaveLA

One Small Example:  During the Carter years, they printed a bunch of money (just like Obama and crew are doing)... and that resulted in 20% interest rates against a 13% increase in the money supply (i.e., INFLATION) -- can you imagine paying 20% interest on your car or home loan?!!  Fuck no!!! 

So, it took 20% interest rates to combat/control only a 13% increase in the money supply.  Do you know how much Obama and crew have increased the money supply?!!  Over 120% as of last year... so how much do you think interest rates will have to be to combat that -- 50%... 60%... 80% or ???  Who can afford to pay that type of interest on a loan?!!  Nobody.  And that's the type of hyperinflation many are concerned about... because that would make our money (the U.S. Dollar) worthless -- and THAT is why you're seeing so many people buying GOLD.  They can de-value the dollar, but GOLD will hold its value.

Again, that's just one example...

quote:

ORIGINAL: Edwynn