Topic: Are we on the verge...
no photo
Tue 01/22/08 04:17 AM
of an economic collapse? Does anyone else have the feeling that something very big is about to happen?

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Tue 01/22/08 04:20 AM
i think we are already in a recession but they wont say anything about it because people will tighten their purse strings that much more

DebbieJT's photo
Tue 01/22/08 04:23 AM
doesnt look good..been on the news all morning over here

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Tue 01/22/08 04:29 AM
We've been in a recession, I think. God knows, all I have to is just look at my budget to see that laugh laugh

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Tue 01/22/08 04:34 AM

We've been in a recession, I think. God knows, all I have to is just look at my budget to see that laugh laugh


We haven't seen anything yet! I just get a feeling that this STOCK MARKET is going from bad to worse!

no photo
Tue 01/22/08 04:35 AM
I agree with you completely. I think it's been coming for a while, just a matter of to what degree. What to do about, though, is the bigger question. You can't slap a bandaid on a ruptured artery, which is about all the government seems to be able to do.

gardenforge's photo
Tue 01/22/08 08:47 AM
The economy goes up, the economy goes down it is the nature of the beast. Most of the current economic woes have been sparked by the "sub prime home loan mess". The market has gone through other periods of adjustment and recessions before and it will weather this one too and be stronger because of it.

It is easy to blame the government for the mess, that way the people who jumped on the "sub prime loan rate" bandwagon don't have to take responsibility for their incredibly stupid actions. This should be a wakeup call to the American People. There is NO free lunch.


smo's photo
Tue 01/22/08 12:57 PM
Yes, I think things have been going down hill ever since the (not) federal (no) reserves (non) banks have taken over our money system back around 1913 , because of our asleep Congress allowing that to happen in the first place and today too, because this congress also allows our Constitution to be violated.If we had total gold backing for our money and no private group regulating money, there would be no such thing as inflation or deflation. Inflation and deflation is what is killing us . those schemesters are sucking us dry. They are sucking everyone dry who deals with their money system. If you wanted to know why we are going down the tubes, there you have the answer: GET RID OF THE (not)federal (no) reserves system. Even their name is fraudulent as far as I am concerned ,it is misleading, they are not even close to being what their title suggests they are!!!!

smo's photo
Tue 01/22/08 01:15 PM
Another suggestion: Get out of the city out into the country , become self sufficient best you can. there are many little communities (self sufficient )springing up in lots of places around the country, some call them eco villages, also check out how the Amish operate and copy that idea, it may be the only way left to survive this thing coming. I hear that there are some where you can join them for as little as 300 dollars, and then around 1oo dollars or less per year to pay your share of the land taxes. If you are interested in surviving ,I would be thinking about things like this, I figure it is going to get real bad. Some are recommending little underground shelters too,I would say if your heat went off you could survive in an underground shelter for a little while without heat.I would be learning gardening too. Even pond scum has all the nutrients you need to live , just does not have much taste:smile: