[Scythian_Reborn]

Every three days there’s a prediction of a massive financial catastrophe, sure, one day somebody will be right, but there were 100,000 that were wrong. Yawn ...

[RedStateRocker]

Yep... sky is falling.... Get my tin foil hat....

Man, I loath economic doomsayers; (actually doomsayers of any stripe, for whom the future is always worse than the present and the present always worse than the past).

[Mr. Douglas]

Lately, people are like dogs before an eartquake.

I find one line from Bill Bonnder kinda funny. He predicted all sorts of stuff accurately over the last several decades. But he predicted a terrible meltdown lately that never happened. He’s adamant that it will but confesses he grossly underestimated “their” ability to continue to kick the can down a neverending road. And he, almost embarrassed, says the end of the road IS coming, and it’s coming soon. I think “they” will put it off as long as possible, but it will eventually be out of “their” hands.

He has interesting comments about what almost happened in the spring of 2008. I even started a post about it at the time. Our leaders had a “closed door” session and some appeared to be “scared sh**less” on exiting the meeting. It turns out that two of the attendees had been quoted on record telling their wives to get as much cash as they possibly can get their hands on.

And if you remember, that is when QE was started. QE has run its course and it will be interesting how the next attempt to “kick the can” works out.

But this simply can not last. And as he points out, when it does happen, it will reach international crisis proportions in a couple of HOURS. The key is that most of our economy is based not on money, but on credit. We started this death spiral in the 1950’s.

https://www.youtube.com/watch?v=6PqFYMZpBxw

[ctdonath2]

I’ve been aware of impending world financial collapse for the last 35 years.
Will it? yes.
Tomorrow? probably not.

The lesson is: live self-sufficient, such that a complete social meltdown will have little personal impact.

Oft told: when the “Y2K bug” was looming, I explained it to my father, who understood the problem & consequences well. His reaction was “ok, I’ll throw another log on the fire and go back to my book.” Despite living a solidly middle-class comfortable life, he’s ready for TEOTWAWKI and _lives_ it such that there will be little change in mundane lifestyle when it does come. He’s been ready for global financial meltdown for decades - not as some “freak prepper” but as simply wise living. (Would that I could achieve the same.)

[zek157]

Few people recognized the subprime debacle in 2007.

Carry on, the economy is rolling. Yawn...

[DoughtyOne]

I've been reading these predictions since I was in my early teens, fifty years ago.  I'm sure they were out there hundreds of years earlier here or in Britain.

When I hear them now, I think Glenn Beck.  They have just as much credibility.


Free Republic, the Home of the Eternal FReeper, Conservatism's Finest  (timely thoughts on the FReeper dynamic and Free Republic)

Ramirez's latest political cartoon LARGE VERSION 08/29/2016: LINK  LINK to regular sized version of Ramirez's latest, and an archive of his political cartoons.  Read his thoughts on Colin Kaepernick sitting down, use right link.
In this political cartoon, Ramirez presents, "...Happy Independence Day..."

Please join the monthlies, an automated way to help support Free Republic.

If you are not opting to join the automated monthly support program, please consider joining the One One Done project.  LINK

FReepers, 88.14% of the Third Quarter FReep-a-thon goal has been met.  Click above and pencil in your donation now.  Please folks, lets end this FReepathon.  Thank you!
...this is a general all-purpose message, and should not be seen as targeting any individual I am responding to...