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TLuker 10-24-2011 01:32 AM

Global Economic Change?
 
I read a post in another thread by Jimmy and he expressed concern about Germany, Russia, China along with the problems in Greece. That got me to thinking about how events may play out in Europe. At the moment I think everyone (including us) is in bed with Asia in general just because there are so many potential customers, and I'm not too concerned about that. That's just business.

I am wondering how any of you think that all might play out in Europe? I realize that anything could happen but is there anything that seems pretty obvious? For example I suspect WWII coming was pretty obvious? I also suspect that it would be tough for most of the European countries to do much damage militarily simply because they haven't invested much in their armies, with Russia being the exception. So what concerns do any of you have and how do you think it will affect us?

CHLChris 10-24-2011 01:48 AM

In an economic collapse of the Euro, one thing that would occur is a huge run-up in the relative value of the US dollar. If the dollar goes up strongly, in theory that would make the price of gold go down. However, since the price of gold right now is strictly a psychological phenomenon, the price of gold would probably go way up, too.

All of the ramifications are unknowable...except by God.

Jimmy 10-24-2011 04:22 AM

Quote:

Originally Posted by TLuker (Post 608744)
I read a post in another thread by Jimmy and he expressed concern about Germany, Russia, China along with the problems in Greece. That got me to thinking about how events may play out in Europe. At the moment I think everyone (including us) is in bed with Asia in general just because there are so many potential customers, and I'm not too concerned about that. That's just business.

I am wondering how any of you think that all might play out in Europe? I realize that anything could happen but is there anything that seems pretty obvious? For example I suspect WWII coming was pretty obvious? I also suspect that it would be tough for most of the European countries to do much damage militarily simply because they haven't invested much in their armies, with Russia being the exception. So what concerns do any of you have and how do you think it will affect us?

The reason Russia and China plotting is to get rid of dollar as reserve currency. Those three I mentioned have VERY strong economies at this point. Dollar as reserve currency is only thing saving us now. If it drops our inflation could go uber. China getting shed of our bonds as fast as they can. Russia and China would take a shot at us that way in a heartbeat. Germany the stooge

Jimmy

bkt 10-24-2011 11:19 AM

Jimmy's right. Russia and China, along with India and Brazil are vying for an end of the dollar as the world's reserve currency. That would be bad for the U.S. in that the real cost of oil and other products would go up significantly.

Europe has big problems. Greece, Portugal, Spain and Italy are in very bad shape. Germany and France are the two economic powerhouses of Europe (Germany being the more significant of the two) and cannot continue to bail out the rest of the Eurozone indefinitely before they suffer terribly. Germany has begin printing Deutschmarks again. That is an ominous sign.

If the euro dies, the destabilization will have repercussions in the U.S. The dollar might look better than the euro for a short while, but that will only hurt our exports. The U.S. is suffering from the same problems countries in Europe are: overspending while the rate of productivity is very low or stagnant. Many believe it is a matter of time before the U.S. goes the way of Greece.

Municipalities and even states are already deep into the red. Rhode Island is one example.

The concern is less about global economic change as it is about global economic collapse.

bkt 10-24-2011 11:32 AM

In regard to precious metals, the demand is higher than it has been in the past and that helps drive prices up. But commodity prices across the board have also been rising. It isn't that they are in higher demand or that they are more scarce than they have been in the past, but that the value of the dollar is falling: you need more bucks to buy X amount of some commodity. That is inflation and it is a hidden tax all Americans must pay.

JonM 10-24-2011 12:21 PM

Want to know the end result of all this?? its the same end result whenever socialism and liberalism get their way. Look at the wiemer republic of germany and what came to power there. Usually without a strong captilistic force like the usa there to guide the country suffering under the final death throes of liberalism you end upnwith a polpot or che gueverra type in charge dumping bodies in trenches...

Make no mistake if we didnt have rule of law, what little is left, and the 2A obama and his goons woulda been long since filling trenches with bodies and lime

hoodweisen 10-24-2011 12:35 PM

Heres something that makes me think. Where i live is the lead mining capital of the world we are exporting more lead to china than the US consumes,
Now heres the interesting part somehow the demand (price of lead drops)decreases and they lay off a bunch of people then a year later it goes up and they bring everyone back.
I dont see how we are exporting the majority of lead to a growing booming country that cant come out of the 19th century fast enough(china) and somehow their demand for lead is fluctating.
I call Complete Bullshout on supply and demand. All precious metals produced or middlemened here in america is based off how American corporations are cooking their books. Which is exactly how our country is set up in the first place. CAPITALISM!!!
Its how we rose to be the last standing SUPERPOWER in the world and i think that we wont fall and this is why.
1 we have a standing army sitting on top of the most important commidity in the world OIL (also i believe that war stimulates our economy for 1 we didnt outsource weaponary 2 it puts alot of money in a few million consumers who would otherwise be low income)
2 we have sold off all of our junk companies you know the ones i mean the junk thats not important and isnt worth anything if WE dont buy it because average americans have the expendable income that other people dont have If america collapses everyone one else collapses because we fooled them into making our crap for super cheap example: in india where the majority of our clothing is produced the people who make the clothing cant afford underarm deodrant seriously its a weeks pay and they are getting the underarm deodrant from a chinese company who doesnt pay their workers enough to buy the clothes the indians are producing BUT the only way any of them get paid is if we buy the stuff.
3 The european union may collapse because they have inflated the euro to make up for the fact each country cant work as well as the US has individually so in their greed to inflate beyond us ( and this is because for centuries of the common man in those countries could not with his own wit and ingenuity make himself rich he had to be born into it) they will collapse but its not going to bother the US one bit in fact we will just loan them money(now you may say but hoodweisen you twap we had to be bailed out by the chinese but you sir must realize that the chinese yen is worthless without the american dollar feeding it and all the money we got from them went to bankers who are going to turn around and CAPITALIZE upon that borrowed money)

end rant

Jimmy 10-24-2011 04:02 PM

Quote:

Originally Posted by hoodweisen (Post 609014)
Heres something that makes me think. Where i live is the lead mining capital of the world we are exporting more lead to china than the US consumes,
Now heres the interesting part somehow the demand (price of lead drops)decreases and they lay off a bunch of people then a year later it goes up and they bring everyone back.
I dont see how we are exporting the majority of lead to a growing booming country that cant come out of the 19th century fast enough(china) and somehow their demand for lead is fluctating.
I call Complete Bullshout on supply and demand. All precious metals produced or middlemened here in america is based off how American corporations are cooking their books. Which is exactly how our country is set up in the first place. CAPITALISM!!!
Its how we rose to be the last standing SUPERPOWER in the world and i think that we wont fall and this is why.
1 we have a standing army sitting on top of the most important commidity in the world OIL (also i believe that war stimulates our economy for 1 we didnt outsource weaponary 2 it puts alot of money in a few million consumers who would otherwise be low income)
2 we have sold off all of our junk companies you know the ones i mean the junk thats not important and isnt worth anything if WE dont buy it because average americans have the expendable income that other people dont have If america collapses everyone one else collapses because we fooled them into making our crap for super cheap example: in india where the majority of our clothing is produced the people who make the clothing cant afford underarm deodrant seriously its a weeks pay and they are getting the underarm deodrant from a chinese company who doesnt pay their workers enough to buy the clothes the indians are producing BUT the only way any of them get paid is if we buy the stuff.
3 The european union may collapse because they have inflated the euro to make up for the fact each country cant work as well as the US has individually so in their greed to inflate beyond us ( and this is because for centuries of the common man in those countries could not with his own wit and ingenuity make himself rich he had to be born into it) they will collapse but its not going to bother the US one bit in fact we will just loan them money(now you may say but hoodweisen you twap we had to be bailed out by the chinese but you sir must realize that the chinese yen is worthless without the american dollar feeding it and all the money we got from them went to bankers who are going to turn around and CAPITALIZE upon that borrowed money)

end rant

At this point, you are correct. (Other than the Yen is Japanese, not Chinese. The Chinese currency is the Yuan Renminbi.) Why do you think they have Russia, who is now their "boy" getting in bed with Germany....who do you think got Russia staggering inflation under control. Germany's D mark will be backed by Gold, which they are asking/telling Greece to put up for collateral, along with property. Greece has already sold some of their islands trying to raise cash. If China sells all of our bonds back to us, we are f****d. Period. A combo of D marks, Ruble and Yuan Renminbi will become the new reserve curreny. The middle East and South American oil cartels would love it. It will make a wheelbarrow full of cash the way to go buy a loaf of bread, a dozen eggs and a gallon of milk....

As far as their cut back on buying, take a look here A lead poisoning too far: Shanghai Johnson and the crackdown on China

Make no doubt, China may not be throwing their weight around militarily, yet, but financially, they have and will continue, largely at our expense.

And I don't care for banks either, but they are whining as it is with the new credit dard regs; Federal banking agencies finalize new credit card regulations to take effect starting July 2010 and charging us for using our debit cards. Obama has put the new regs on them and now they'll be wanting a new bailout in a couple of years. So I don't see the bankers making money with the Chinese. In fact I look for the Chinese to start buying banks shortly, along with all kinds of our property.

And China is now a larger or equal trading partner than the USA with Peru, Brazil, EU, Australia, Russia...amoung a few.

Sir, China is out to shut us down. Everyone knows it and we will be going it alone before it's all said and done....

We'll see.

Jimmy

partdeux 10-24-2011 04:49 PM

Chris Martenson did a great write up... unfortunately you have to be a paid member to read pt II

Quote:

At the very core of the global nuclear money reactor are US Treasurys and the dollar. If the dollar's role as the world's reserve currency wanes or even collapses, then the scope and pace of the likely disruptions will be enormous. Of course, we'll be glad to have as much forewarning as possible.

Accordingly, it is my belief that if the contagion spreads from Greece to Portugal (or Italy or Spain), and then to the big banks of France and Germany in such a way that they fail, then rather than strengthening the dollar's role (as nearly everyone expects), we should reserve some concern for the idea that the contagion will instead jump the pond and chew its way through the US financial superstructure.

source

bkt 10-24-2011 04:51 PM

Chris Martenson is someone everyone should pay attention to. If you haven't yet gone through it, please check out his Crash Course. Very interesting and disturbing information....

All central banks are very intertwined, so it won't come as a surprise if once the dominoes start falling rapidly that our own Federal Reserve/Treasury will be similarly screwed.


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