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Forum Post: 2/3 of America to Lose everything in this crisis

Posted 1 year ago on April 20, 2013, 10:44 p.m. EST by Narley (284)
This content is user submitted and not an official statement

Is this guy on to something, or just trying to sell his book?

http://moneymorning.com/ob-article/schiff-us-will-win-currency-war.php?code=3243#.UXMlt0q1vIZ

10 Comments

10 Comments


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[-] 2 points by Shule (2041) 1 year ago

By all logical calculation interest rates should have started rising years ago. They haven't.....

I haven't read this guy's book, and only glanced over the article briefly, I have yet to really think about it, but I did read this book by George Soros in which he wrote don't expect people to change their behavior just because things are headed south, and don't expect things to crash and reset somehow. The only question is as things keep on going on the path they are going, what are things going to mutate into?

[-] -1 points by justiceforzim (-17) 1 year ago

The New World Order da dum

[-] 2 points by Shule (2041) 1 year ago

That is what I was afraid of.

They're now talking about negative interest rates. Geez, what a way to boil everyone's money away.

[Removed]

[-] -2 points by Builder (4202) 1 year ago

It might be very interesting to see how things pan out when global hegemony ends for the US economy.

[-] -2 points by Narley (284) 1 year ago

Just for kicks, I troll a couple of very conservative web forums. The consensus among ultra-conservative folks seems to be the people will wake up to how unworkable liberal ideals are. A lot think it will be the return of a White America. Some are looking forward to it.

But I don’t know the outcome of an economic failure. Seem s to me that scared, cold, hungry people are dangerous. People will follow whoever can provide jobs and security. Political and social ideologies will be much less important if SHTF.

[-] -2 points by Builder (4202) 1 year ago

Social programs are being axed or down-sized, while corporate welfare happens without oversight.

It's quite easy to play armchair quarterback, when your needs are not under attack, but I'm not sure how long the good ship America can continue on this current tack.

I forget how many millions of barrels a day the economy (and military) consume, but it's a helluva lot of crude required. The scramble for resources is the lynch-pin in the whole scenario. The nation would literally stop on a dime should the supply run dry.

[-] 0 points by notaneoliberal (2269) 1 year ago

A little less than 18 million barrels per day (for the US). You have hit the nail on the head. It is very much about resources. Particularly oil. Are you familiar with this? http://thearchdruidreport.blogspot.com/2013/02/the-end-of-shale-bubble.html

[-] -2 points by Builder (4202) 1 year ago

Thanks. I skimmed it.

Bookmarked for a later read.

Guy seems to know his fracking.

[-] -2 points by Narley (284) 1 year ago

So what happens when the oil supply runs dry? Obviously it would be a economic failure, but beyond that I’m not sure. Would people band together to get through the hard times, or would it be chaos and anarchy? Probably some of both, but it wouldn’t be a time to be without a gun.

[-] -2 points by Builder (4202) 1 year ago

I'm wondering to what extent guns played a part in the aftermath of hurricane Katrina. Or maybe New Orleans is not as representative of the rest of the nation, when it comes to gun ownership.

In that frame of reference, I'm thinking that it would be impossible to predict, state by state, what kind of outcome/s we could expect. There's such a diversity of values and expectations across the nation.