Post: #26

(06-25-2014 07:42 PM)Samseau Wrote:  The ongoing depression right now is disproportionate in it's effects. Right now flyover country in America is being absolutely decimated and crushed while nearly all growth is contained to the following major cities:

- NYC
- DC
- LA
- Boston
- Chicago
- Miami
- Atlanta
- Seattle
- San Francisco

If you're outside of those cities, you're basically fucked. Meanwhile, my income so far this year looks to outstrip every other year I've been alive, while the majority of America crashes and burns.

People forget that just because it's a depression doesn't mean everyone loses. Quite the country. Usually depressions are just massive relocations of existing wealth. In present America, wealth is being funneled into major cities as middle class white America is cannibalized to support massive government programs, bailouts, and money printing.

Most of the men in this forum are located in major cities - congrats. You get to enjoy the easy pussy and easy money. But do not lose sight of the big picture. America is rapidly transforming right now into a fucking nightmare. Twenty years from now it may not even be safe to leave most city limits. Most roads in America will be completely undrivable.

Do your best to help out the men who lose their jobs to globalization, and do your best not to get fucked over in this shrinking economy.

Right on here. We are seeing the economy (and the country along with it) bifurcating along several lines which run closely parallel to each other, and which come together to form a great chasm between the two sides: urban/rural, big/small, public/private, financialized/de-financialized, government connected/non-government connected, etc...

Basically, if your business is big, headquartered in a major coastal city, publicly traded and connected in Washington, you're doing ok. You're being taken care of fairly well.

Everyone else...well, sorry. You're fucked, and it's only going to get worse.

This is what happens when the government and the Fed destroy the free market by injecting massive amounts of printed money into the financial and banking system. All the big dogs use that free money to expand and sustain their operations. Very little of it trickles down to the small and medium-sized businesses, and even less to workers. Wages for most workers have actually decreased over the past decade, despite substantial inflation.

The future of work in this country is either attaching yourself to a major corporation or hustling a variety of small-time under the table gigs. Small businesses will be forced to go increasingly cash-based and off the record and medium-sized businesses will be bought up by large corporations flush with printed Fed money before they can grow into rivals.

Post: #27

You know, I really wonder how much of this economic doom and gloom is just a repeat of what happened during the Great Depression.

Post: #28

(06-25-2014 05:02 PM)Giovonny Wrote:  This is a great opportunity!

"The time to buy is when there's blood in the streets"

- Baron Rothschild

I bought my condo in 2009 during the depths of the depression.

My poor friends were very nervous.

My rich friends told me to buy assets.

I am not that smart but I know one thing.. Buy low and sell high

When prices are low, consider buying.

There is money to be made during recessions.

I agree 100% but with the types of booms/bust cycles we seem to be experiencing these days, along with the banks garbage balance sheets and exposure to everything, I wouldnt be surprised if one day people will wake up and the money is gone with nobody there to bail anyone out like last time.

Obviously that will be the time to buy, but who will have money/currency?

Post: #29

Billion upon Billions of hot air money pumped in during QE and still no growth..

The West is fighting against deflationary forces and is loosing badly. Also is the steep rise in foodstuffs. Beef is rapidly rising in price right now, other foodstuffs are rising with gas about to explode in price to the the summer peaks. The economy isn't growing while inflation still ravishes through peoples cash. Its not a good mix.

It is true that in tough times deals can be had and opportunities exploited but you have to be prepared yesturday or today to take on those possible exploits. For the majority of people it will become even more tight, even more so then 2008 because the avenues for expanding credit are basically tapped out.

Post: #30

Many were predicting a 10 year slump following the 2008 crisis, similar to what happened in Japan. Looks like it may come to pass.

Post: #31

(06-25-2014 07:46 PM)RawGod Wrote:  

(06-25-2014 04:56 PM)EddieValiant Wrote:  Zerohedge is in the business of doom and gloom.

This isn't about Zerohedge. These are official US Commerce Department figures.

Since you can assume that all US govt economic stats are massaged since 2008, (see Shadowstats) a number this bad is quite significant. I expect to see 0.1% growth next quarter, a complete lie but the minimum to avoid a technical recession.

Poor article choice is what I'm saying. ZH didn't provide any breakdown...typical being that an explanation might go against their end of the world theme.

Post: #32

(06-25-2014 07:42 PM)Samseau Wrote:  America is rapidly transforming right now into a fucking nightmare. Twenty years from now it may not even be safe to leave most city limits. Most roads in America will be completely undrivable.

Do your best to help out the men who lose their jobs to globalization, and do your best not to get fucked over in this shrinking economy.

This has already been happening for the past twenty years or so, it's just very gradual and a few industries like information technology and "the internet" have had booms since then. We got a glimpse of it in the LA riots in 1992, occupy Wall Street, etc.

It's kind of sad when I talk to people who are recent immigrants who think their children are going to have a better future here... if only they knew...

Although our ruling class doesn't give a flying fuck, there have been indicators for the past few decades that we're running hard and fast into a dead end. Standards of living for most people have been dropping off since the energy crisis in the 70s. Men legitimately have no motivation to contribute to this mess anymore. Even our popular culture has caught some of this:

Quote:The men who join Fight Club feel that their lives have no meaning or value. We have a Great War of the spirit. We have a great revolution against the culture. The great depression is our lives. We have a spiritual depression."Due to disillusionment with their current way of life, people decide that they have nothing to lose in attempting to cause change. The end goal of Fight club is to destroy modern society in order to recreate it. They believe that the men of their society are going to waste; "I see the strongest and the smartest men who have ever lived, and these men are pumping gas and waiting tables." They envision a new world where technology is greatly reduced; "imagine hunting elk through the damp canyon forests around the ruins of Rockefeller Center." People are to function in small groups caring for themselves without aid of others. They should keep small tools (limited technology), but not be dependent upon them. The hope is that they will no longer need knowledge and learning, but revert to their natural form and live a simpler life.

If they're right, all of this dysfunction is just an insignificant blip on a cosmic timeline.

Post: #33

(06-25-2014 07:42 PM)Samseau Wrote:  The ongoing depression right now is disproportionate in it's effects. Right now flyover country in America is being absolutely decimated and crushed while nearly all growth is contained to the following major cities:

- NYC
- DC
- LA
- Boston
- Chicago
- Miami
- Atlanta
- Seattle
- San Francisco

If you're outside of those cities, you're basically fucked. Meanwhile, my income so far this year looks to outstrip every other year I've been alive, while the majority of America crashes and burns.

People forget that just because it's a depression doesn't mean everyone loses. Quite the country. Usually depressions are just massive relocations of existing wealth. In present America, wealth is being funneled into major cities as middle class white America is cannibalized to support massive government programs, bailouts, and money printing.

Most of the men in this forum are located in major cities - congrats. You get to enjoy the easy pussy and easy money. But do not lose sight of the big picture. America is rapidly transforming right now into a fucking nightmare. Twenty years from now it may not even be safe to leave most city limits. Most roads in America will be completely undrivable.

Do your best to help out the men who lose their jobs to globalization, and do your best not to get fucked over in this shrinking economy.

I agree with pretty much everything you're predicting here Samseau. We were told infrastructure investment was supposed to be off the charts the last 6 years. Little has been done.

I heard a stat in 2006-2007 that US roadways - the arteries of our commerce - were $2 Trillion behind repair, and that does NOT account for the need to expand for growth of population and business. Rather, we blew $15 Trillion and got nothing. So far anyways.

I don't think this particular 1st quarter is the immediate signal of going back into deep recession/depression just yet, but it's inevitably down the pike within 10 years or less. My guess is around 2020 shit will really hit the fan bad.

Post: #34

(06-25-2014 07:59 PM)Dr. Howard Wrote:  Isnt' North Dakota flyover country? I also didn't see texas cities anywhere on that list.

True, I forgot about North Dakota's shale oil cities and I forgot Austin deserves mention as a go-to city.

Post: #35

George Bush.

Just putting that out there because it won't be the last time you hear it (he out to be good until at least the 2056 election, if there are still elections then), and the other times you hear it won't be tongue in cheek. Other explanations will include: Republicans being obstructionist in Congress, the weather, gremlins, a bad horoscope and rogue gamma rays from Alpha Centauri.

Many people will lap that stuff up. If they don't, then there's always the fallback position in 2016 from Hillary or whomever else gets the nod that "it wasn't me; it was Obama", and again, people will buy that.

This is heads I win, tails you lose. Not that the Republicans would probably be any better, but the situation is this: If the economy grows, that's because of the Democrats. If the economy does not grow, that's because of Republicans/weather/gremlins, furthermore, it's just evidence of why there needs to be more big government. See how this works? If you play the game, you play it on their terms, with their rules.

Anyone who thinks that this is going to make one iota of difference is living in a fantasy land. There's still a long way to fall yet, and the response at that point is not going to be everyone suddenly coming to their senses and voting for smart, responsible people. Who or what is this silent smart voting bloc just over the horizon waiting to save the day? It's way beyond that. The response is going to be armed conflict, drone strikes on American citizens, and cannibalism. It's going to suck being in America, but it's going to be popcorn time in a really twisted way for many other parts of the world.

Post: #36

(06-25-2014 11:14 PM)Samseau Wrote:  

(06-25-2014 07:59 PM)Dr. Howard Wrote:  Isnt' North Dakota flyover country? I also didn't see texas cities anywhere on that list.

True, I forgot about North Dakota's shale oil cities and I forgot Austin deserves mention as a go-to city.

Houston and Dallas are killing it as well.

Post: #37

(06-25-2014 11:40 PM)speeddemon Wrote:  

(06-25-2014 11:14 PM)Samseau Wrote:  

(06-25-2014 07:59 PM)Dr. Howard Wrote:  Isnt' North Dakota flyover country? I also didn't see texas cities anywhere on that list.

True, I forgot about North Dakota's shale oil cities and I forgot Austin deserves mention as a go-to city.

Houston and Dallas are killing it as well.

Most of Texas is booming big time.

Post: #38

Real GDP is way lower - you have to take into account that GDP calculation has been totally changed - when still accounted for like in 1982 it would look like this:

http://www.shadowstats.com/alternate_dat...uct-charts


   

The difference is that most people did not realize it due to more wide-range social security payments and debt increases via real estate, credit cards and simple consumer credit. That bubble of course could not go on forever. The worst is still to come.

Post: #39

(06-26-2014 02:52 AM)Zelcorpion Wrote:  Real GDP is way lower - you have to take into account that GDP calculation has been totally changed - when still accounted for like in 1982 it would look like this:

http://www.shadowstats.com/alternate_dat...uct-charts




The difference is that most people did not realize it due to more wide-range social security payments and debt increases via real estate, credit cards and simple consumer credit. That bubble of course could not go on forever. The worst is still to come.

I compared charts some time ago and predict economic cycles of 6 years. Computing power and electronic trading as well as electronics/mobile internet reduced (and will probably further reduce) the cycle duration.

Post: #40

(06-26-2014 12:17 AM)Jaydublin Wrote:  

(06-25-2014 11:40 PM)speeddemon Wrote:  

(06-25-2014 11:14 PM)Samseau Wrote:  

(06-25-2014 07:59 PM)Dr. Howard Wrote:  Isnt' North Dakota flyover country? I also didn't see texas cities anywhere on that list.

True, I forgot about North Dakota's shale oil cities and I forgot Austin deserves mention as a go-to city.

Houston and Dallas are killing it as well.

Most of Texas is booming big time.

I hate to contradict myself but besides oil in texas, how much of the boom is actually just business and people moving from california?

Post: #41

I wonder how much of this is due to the Orwellian named Affordable Care Act.

Post: #42

This should prove that nobody should trust the Fed, because they just (June 18) cut QE by another ten billion dollars, citing a prediction of modest growth in consumer spending. This article seems to suggest they should have *increased* by fifty billion, if only to save their asses.

Post: #43

(06-25-2014 07:42 PM)Samseau Wrote:  Most roads in America will be completely undrivable.

"roads in America will be completely undriveable" ???

We have some of the best, if not the best roads in the world.

Why are you saying that they will be undriveable?

My city just got a brand new bridge and a brand new freeway. The roads are in excellent shape.

(06-25-2014 07:42 PM)Samseau Wrote:  Twenty years from now it may not even be safe to leave most city limits.

"it may not even be safe to leave most city limits"

???

What exactly are you predicting?

Anarchy? War? The collapse of civilization?

-----

I have to be honest..

These predictions seem a little to me.

But, I'm very curious as to why you think this way..

Post: #44

(06-26-2014 11:50 AM)Giovonny Wrote:  

(06-25-2014 07:42 PM)Samseau Wrote:  Most roads in America will be completely undrivable.

"roads in America will be completely undriveable" ???

We have some of the best, if not the best roads in the world.

Why are you saying that they will be undriveable?

My city just got a brand new bridge and a brand new freeway. The roads are in excellent shape.

(06-25-2014 07:42 PM)Samseau Wrote:  Twenty years from now it may not even be safe to leave most city limits.

"it may not even be safe to leave most city limits"

???

What exactly are you predicting?

Anarchy? War? The collapse of civilization?

-----

I have to be honest..

These predictions seem a little to me.

But, I'm very curious as to why you think this way..

He seems to be predicting a series of major recessions and depressions that we do not recover from. Remember the Great depression? Imagine if it lasted another 50 years and we never recovered. I think that is what Samseu is suggestion. The future is a difficult thing to predict with any sort of accuracy however.

We have always had changes from bad economic times followed by good economic times.


What is more likely to happen? Austerity measures and we will give up our role as the world's policemen.

One thing that has gone overlooked so far, at least in this particular conversation, is that the USA has extremely high worker productivity, because most people are afraid of losing their jobs.

Post: #45

Sorry guys, but impoverishment is growing every day. You don't see it if you live around the prospering pockets of gas & oil, Silicon Valley, Old Money, NY, Washington or LA. Most of the country is fucked and going down fast.

Stimulus infrastructure spending won't cut it. The shadowstats are correct regarding GDP and unemployment.

Most guys here probably don't feel it as much, since men who are Red Pill usually manage well, but most people are not that way. All the government predictions for ALL WESTERN COUNTRIES tell of high unemployment and social security / low basic income for survival. The truth is that the corporations do not even need the current workforce. Technological unemployment in the current system makes most jobs unnecessary. In a different system anyone could contribute something, but it would have to be a different from one from the capitalist or socialist crap dished out to us.

Currently the US survives because of massive debt increase, jobs & production capabilities are outsourced, more and more people are added on welfare, military and black-ops projects receive more money than ever. There is no way this party will go on forever. On 1.1.2015 the bail-ins are kicking in legally and the government can just deduct a bail-in-tax in order to save a bank (just cut your bank balance Cyprus-style).

   

Of course it is not hopeless and there is a lot one can do, but acknowledging the problem is just like realizing that women are not what the Romcom-movies tell you. You accept it and then move on.

Post: #46

Roads can be very variable based on the particular locale in the US. Climate (snow, frost, salt, etc...) and local government play a big role. A friend from Europe recently came to visit me and he was very surprised how bad the condition of the roads in the greater Boston area were.

Post: #47

"What exactly are you predicting?

Anarchy? War? The collapse of civilization?"

Is this our eventual future, something similar to Cormack McCarthy's The Road? God helps us if it is.

Post: #48

(06-26-2014 11:50 AM)Giovonny Wrote:  

(06-25-2014 07:42 PM)Samseau Wrote:  Most roads in America will be completely undrivable.

"roads in America will be completely undriveable" ???

We have some of the best, if not the best roads in the world.

Why are you saying that they will be undriveable?

My city just got a brand new bridge and a brand new freeway. The roads are in excellent shape.

(06-25-2014 07:42 PM)Samseau Wrote:  Twenty years from now it may not even be safe to leave most city limits.

Not to throw cold water on your post Gio, but that new bridge is emblematic of what's wrong with government shortsightedness and mismanagement of our economy. For starters, it's 600% over budget. Six-fucking-hundred percent! It has structural flaws. In an attempt to save money, major sections were outsourced to China. The Chinese used incompetent, unqualified welders who worked in the rain, thus ensuring faulty welds. There are problems with rust. Also, cracks were found and that was before the thing was open for public use. Some are questioning if it will withstand an earthquake.

The California state regulators, who were staying in lavish Chinese hotels on the taxpayer's dime, overlooked many of the flaws and the ones who did report them were ignored. Had the bridge been built and outsourced to domestic contractors it probably would have come well under the current costs. As a taxpayer this is infuriating but we're powerless to do anything about it.

Post: #49

(06-26-2014 02:34 PM)birdie num num Wrote:  "What exactly are you predicting?

Anarchy? War? The collapse of civilization?"

Is this our eventual future, something similar to Cormack McCarthy's The Road? God helps us if it is.

Nah - nothing as drastic as that. Continuous recession - sometimes bigger drops in quality. Economic pressure will make the people cut down their quality of life. But a long as cheap booze, entertainment, crappy food and maybe even legal cheap pot or heroin is available, then there will be a way to run away from it.

And I don't have the predict anything -they do - UK Military High Command (identic to US btw - but this one leaked) and Jacques Attali (EU & UN Big Wig):

http://cuttingthroughthematrix.com/artic...3jan07.pdf

&

http://www.amazon.com/Brief-History-Futu...1611450136
Here a shortcut, though I do not agree with Henry Makow on many points, but here is a little concise book report: http://www.henrymakow.com/attali.html

Attali is no conspiracy buff of course, but a high level politician above the politicians - officially he "consults" - yeah right - as if they would let those morons in office run the show.

Post: #50

(06-26-2014 11:50 AM)Giovonny Wrote:  

(06-25-2014 07:42 PM)Samseau Wrote:  Most roads in America will be completely undrivable.

"roads in America will be completely undriveable" ???

We have some of the best, if not the best roads in the world.

Why are you saying that they will be undriveable?

My city just got a brand new bridge and a brand new freeway. The roads are in excellent shape.

First of all, it's not the cities that will collapse. It's rural America that is being killed off right now.

Most of the country's roads right now are falling apart, but not along major freeways or cities/towns. I'm talking about roads to smaller towns and other parts of the country you've never heard of. Those places are going away Detroit style.

Quote:

(06-25-2014 07:42 PM)Samseau Wrote:  Twenty years from now it may not even be safe to leave most city limits.

"it may not even be safe to leave most city limits"

???

What exactly are you predicting?

Anarchy? War? The collapse of civilization?

-----

I have to be honest..

These predictions seem a little to me.

But, I'm very curious as to why you think this way..

Roving bands of hungry people looking for their next meal. People setting up barricades on old roads to stop passengers and then rob them. Police being too underfunded to do anything about it. Large swaths of inner America falling into barbarism.

You may think this is all bullshit, but I don't care. Just wait and see. Democrats are killing America and it's not going to stop.