Results 1 to 8 of 8

Thread: So how bad do you expect this next recession to be?

  1. #1
    Guns Network Contributor 01/2015 Altarboy's Avatar

    Join Date
    Jul 2010
    Posts
    4,147

    So how bad do you expect this next recession to be?

    I have a bad feeling about our economy. I think people in high places are trying to wreck it. Of course I could be wrong.

  2. #2
    Team Guns Network Silver 04/2013 alismith's Avatar

    Join Date
    Jul 2010
    Location
    44th "Free" State
    Posts
    11,430
    Quote Originally Posted by Altarboy View Post
    I have a bad feeling about our economy. I think people in high places are trying to wreck it. Of course I could be wrong.
    It's on the Left's agenda. They want the economy to tank so they can blame it on Trump. They're doing their best to destroy Trump and they're willing to sink us all if they have to.

    After all, we're just deplorable and deserve it anyway (Just ask Hitlary.)
    "Valar morghulis; valar dohaeris."

    "Never say, "gun control" but instead say, "victim disarmament." - L Neil Smith

    Making good people helpless won't make bad people harmless.

    Freedom isn't free.

    "Attitude is the paintbrush that colors our world." TV Series, Haven.

    My Spirit Animal has rabies.

  3. #3
    Administrator imanaknut's Avatar

    Join Date
    Jul 2010
    Location
    Indiana, a state that is trying to remain free.
    Posts
    10,497
    It depends on how bad the news media wants to make it. Aiding the democrats will give them tons of bleeding news stories.

  4. #4
    Senior Member

    Join Date
    Mar 2011
    Location
    harms way
    Posts
    14,066
    The higher the dow the more the day to day fluctuations can vary without doing any real damage. Again, those who put money into the wall st casino will lose the most, wether to be regained later or lost forever. My parents lost half of their investments in 2008, for example, but left what they still had in and recovered to a degree but not completely. That being said, if the fed and the rest of the central banks continue to withdraw liquidity to the tune of 100B per month or whatever huge sum it was, that will eventually dry up the cash sloshing around the world we the people borrowed from the fed to cover the feds aka too big to fail banks and car makers losses in 2008. What do you suppose will happen when no one has any money, and it can only be borrowed at 30 percent interest?

    When it happens again, it'll be 1000 times worse as the lesson of 2008 went unlearned, personal and corporate debt is several times higher today than what the US held in 2008. It won't be 10 Lehman Brothers going under, it'll be thousands.

    Also with the advent of negative rates, you will be charged to keep your money in the bank, and for every transaction, and if they can eliminate cash, they not only will be charging you to hold your cash as well as for every transaction, they will have absolute control over your life. And along with negative rates goes bailins, where instead of going to fdic or congress to get emergency cash to fund whatever bank or business lost your money at the casino, they will take your deposits and leave you with an iou or stock in a failed bank.








    Negative Rates Are Coming for Your Savings
    (Bloomberg Opinion) -- First they came for central banks, then they came for government bonds, then they came for rich depositors. Then they came for me.
    Negative interest rates are coming for us all, in one form or another, as central banks redouble their efforts to avert a global economic slowdown that threatens to unleash deflation. So how can we defend ourselves from the coming assault on our bank balances?

    https://finance.yahoo.com/news/negat...050005475.html
    Last edited by 5.56NATO; 08-24-2019 at 01:49 PM.
    “The two enemies of the people are criminals and government, so let us tie the second down with the chains of the Constitution so the second will not become the legalized version of the first.”
    -Thomas Jefferson

  5. #5
    Senior Member JTHunter's Avatar

    Join Date
    Jul 2010
    Posts
    3,234
    The biggest drag on the market now is this "back & forth" with China. Too many wussies to "tough it out" and put the ChiComs in their place.
    “I have little patience with people who take the Bill of Rights for granted. The Bill of Rights, contained in the first ten amendments to the Constitution, is every American’s guarantee of freedom.” - - President Harry S. Truman, “Years of Trial and Hope”

  6. #6
    Administrator Krupski's Avatar

    Join Date
    Oct 2001
    Location
    ┌П┐(◣_◢)┌П┐
    Posts
    14,781
    Quote Originally Posted by Altarboy View Post
    I have a bad feeling about our economy. I think people in high places are trying to wreck it. Of course I could be wrong.
    Replace "economy" with "country" and I think you'd be spot on.

  7. #7
    Senior Member

    Join Date
    Mar 2011
    Location
    harms way
    Posts
    14,066
    China has been raping us for decades, just like mehico and most other countries.
    Free trade only benefits globalist billionaires and marxist regimes.
    Free trade is the fatal disease of every western nation, how can a guy in America making 14 an hour compete with a guy making the same stove in China for 50 cents an hour?
    And now you understand why the nwo loves free trade.

    Also, once upon a time, the entire fedgov was financed by foreign countries via tariffs. That is how it should be.

    Trump is starting to put the squeeze on the nwo globalist trillionaires so the globalists are going to try to make us hurt, and blame Trump and conservatives for it all when they planned to drive us into poverty and steal everything we have from the start.
    “The two enemies of the people are criminals and government, so let us tie the second down with the chains of the Constitution so the second will not become the legalized version of the first.”
    -Thomas Jefferson

  8. #8
    Guns Network Lifetime Member #2

    Join Date
    Jul 2010
    Location
    Minnesota
    Posts
    6,928
    Quote Originally Posted by 5.56NATO View Post
    China has been raping us for decades, just like mehico and most other countries.
    Free trade only benefits globalist billionaires and marxist regimes.
    Free trade is the fatal disease of every western nation, how can a guy in America making 14 an hour compete with a guy making the same stove in China for 50 cents an hour?
    And now you understand why the nwo loves free trade.

    Also, once upon a time, the entire fedgov was financed by foreign countries via tariffs. That is how it should be.

    Trump is starting to put the squeeze on the nwo globalist trillionaires so the globalists are going to try to make us hurt, and blame Trump and conservatives for it all when they planned to drive us into poverty and steal everything we have from the start.
    Yep Tariffs and excise taxes. We've come a long way baby!

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •