|
Coffee Lounge Talk amongst other community members. |
|
LinkBack | Topic Tools | Rate Topic |
|
||||
Quote:
|
|
||||
Economic 'Armageddon' Predicted
Stephen Roach, the chief economist at investment banking giant Morgan Stanley, has a public reputation for being bearish.
But you should hear what he's saying in private. Roach met select groups of fund managers downtown last week, including a group at Fidelity. His prediction: America has no better than a 10 percent chance of avoiding economic ``armageddon.'' http://business.bostonherald.com/bus...rticleid=55356 When the shit hits the fan, a more 'dependable' E-money will be introduced with a packaged microchip deal for implants under the skin. Mark of the Beast anyone???? :prince: |
|
|||
Quote:
you have absolutely no understanding of economics or finance, the method for which a country's currency is held or exchanged has absolutely no relevance in determining the value of that currency. An electronic means of storing currency value is in no way more dependable then paper or coin money when speaking in terms of exchange rate or real monetary value. secondly the american dollar is not being devalued because of outsourcing to china, it is being devalued for many different reasons but outsourcing is not one. the main one would be the extremely high levels of debt in the untied states and the relutance of the united states government to do anyhting about it. as a result foreigners who are essentially financing americas profligate spending habits are more reluctant to continue to allow them to do so, thus demand for american currency as a riskless store of value is falling, when demand falls so do prices, thus the fall in exchange rate. This is the reason why most economist beleive that the american economy is in impending doom. dude, you are completely insane, before i just thought you were an ignorant racist, but now i know that not only are you ignorant of history economics of culture and sociology but you're just straight up living in a land of pure fantasy. you either need to start tkaing less drugs or see a doctor and start tkaing more of them, Last edited by SEAN!; Jan 05, 05 at 12:10 PM. |
|
||||||
Quote:
I know a bit. But that’s not what I’m arguing. I’m saying that when the economy goes for a tailspin that a false messiah will arise out of the IMF or the some place like that to offer something more stable (to the layman) like E-money which will have centralized control in Brussels. It will be argued that only with centralized control of currency in a “Global Economy” can we avert such tragedies. Quote:
It is superior because it can work like a credit card and it would eliminate any black market economy like buying drugs, guns, or King James Bibles. Quote:
Quote:
Well outsourcing is hurting the economy that’s for sure. The United States is no longer a producing nation; rather it exports ‘ideas’ which are promptly ripped off by the Chinese and then sold back to the American market for a profit. Obviously, this can’t be sustained forever. Quote:
On the contrary, while most Liberal Arts majors here are wasting their money on an “education” that teaches them that there is no difference between a penis and a vagina, I’ve never lost sight of white and black. I don’t know why you bring up culture and sociology, but most of what they teach is garbage as well and is for another thread. Quote:
I’m organic all the way baby! :) Last edited by wum; Jan 05, 05 at 02:55 PM. |
|
|||
Quote:
there will never ever be globalized central bank planning, EVER! Most countries in this world dont even have properly established and functioning central banks or the financial infrastructure that is necessary before a national CB is even developed, much less a intranational one. Plus, no economists even hardcore globalists (myself included) or ones involved with NGO's like the IMF would ever advocate a global central bank. Any "messiah" who advocates such change would likely fierce stiff resistance if they are not entirely discredited. You are completely out to lunch on this. It is however conceivable that there will be several large regional trading blocks with their own currencies and CBs, similar to the EU but even that is largely a pipe dream as even the EU is having trouble getting all the members to abide by their own central bank or even adopt their CB policies. You dont even understand the implications nor the effort involved in establishing a Global CB, its pure fantasy. it dosnt matter what the layman thinks what is simple or not, because there not the one who design or implement these policies. you really have your head up your ass if you beleive any of this new world order bullshit, wasnt it originally supposed to be the UN that was supposed to usurp americas sovereignty and become the new global hegemony, now its the EU? Give me a break man, you conspiracy theorists have popped a few too many microdots. Secondly e-money has absolutely nothing to do with currency, its simply a technology for making transactions and therefore any currency can be used with e-money. its essentially the same thing as using a debit card for transactions instead of cash. Dont you think drug dealers and others will have debit card readers themselves if that was their only option? you really dont know shit, and your education in conspiracy theory 101 has really left you in the dark with regards to reality. Last edited by SEAN!; Jan 05, 05 at 04:03 PM. |
|
||||
Quote:
Quote:
Quote:
Quote:
If you honestly believe that the our pornographic culture and the fact that we're drowning in debt and have gone off the Gold standard and have imported a third world wave of immigrants to live in first world nations (to 'diversify' the West to death) are all things that have happened organically, then you're the one that needs help. It's all a plan to overthrow the West. |
|
|||
Quote:
youre using religious and nostradamus-esque scripture to argue with me? i dont know which one of us should kill ourselves, you for being a complete idiot or me for even bothering. p.s a plan to over throw the west? when even yourself says that such a plan would originate form the west? do you even understand the implications of a global CB? the negetaive implications of a global currency wont be bourne by the west. pull your head out of your ass, stop studying the bible and conspiracy garbage and study some real fuckin economics. Last edited by SEAN!; Jan 05, 05 at 04:08 PM. |
|
|||
Hey!
I wouldn't denounce the idea that the UN will start sending it's units over to the United States if ever there was an excuse, like a fraudulent election with a country divided. OMG wum, I can see it now. Headlines with pictures of UN vehicles setting up camp at the white house. You don't even need a war to break out for the country to be at unrest. All that is needed is for the UN to decide that it would be safer to have there people over here just in case and then wham! It appears to the world that the US in unstable and that will spur the idea of a civil war. Simple as that. There goes the dollar, there goes the powerhouse. They would jump on the idea, the UN, those sceaming fucks. I stand strong when I say the UN are a bunch of crooked kings that move in on countries hoping for one day that it will be their checkmate to call. Don't trust 'em. hehehe, I luv wum for we are the only intelligent beings of a higher understanding on this site. Posting more than headlines in the Province. Most of you (ALL) just seem to be tools. Although wum may give some really twisted links to sites I could care less about and say some really blunt shit he tickles my fancy, my need for real conversation. Wum you rock my internet world. (very small FNK world) |
|
|||
Quote:
i figure your both the same person, but either way you're on glue and dont know what youre tlaking about. P.S The U.S will likely fall from its position of hegemony, but the reasons for this fall will be entirely due to the policies of the United States itself. Last edited by SEAN!; Jan 05, 05 at 04:14 PM. |