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It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 4:43 pm
by Gil Dobie
Somebody may have their hands full after the election.
CNBC
In a riveting interview on CNBC, legendary investor Jim Rogers warned Americans to prepare for "Financial Armageddon," saying he fully expects the economy to implode after the U.S. election.
Rogers, who for years has been an outspoken critic of the Feds policies of "Quantitative Easing," says the world is "drowning in too much debt." He put the blame squarely on U.S. and European governments for abusing their "license to print money." In the U.S. alone, the national debt has surged to nearly $16 trillion, that's more than $50,000 for every American man, woman and child.
"[They] need to stop spending money they don't have," Rogers said. "The solution to too much debt is not more debt... What would make me very excited is if a few people [in the government] went bankrupt..." Rogers added.
Rogers also charged Obama and German Chancellor Angela Merkel with promoting dangerous policies that create the illusion the economy is stable... but are really only intended to buy time before their upcoming elections.
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 7:54 pm
by GannonFan
Not to be a chicken little, but there are plenty of storm clouds on the horizon. When FedEx starts to issue warnings that global shipments are dropping, significantly, that's never a good thing. Plenty of worrisome rumblings in the manufacturing industry right now, and that's often where it's felt first. Regardless of who's elected, it could possibly get bad. Never been through a double dip downturn but you have to think that's still very possible.
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 7:56 pm
by Skjellyfetti
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 7:58 pm
by GannonFan
Skjellyfetti wrote:
Eh, don't see how that matters - if the GOP wins it might even be worse than if the Dems win.
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 8:01 pm
by Skjellyfetti
And why is the economy going to wait until "after the next election" to crash?
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 8:06 pm
by Chizzang
Skjellyfetti wrote:And why is the economy going to wait until "after the next election" to crash?
So you'll vote Republican..?
that one was free, the next one I'm charging for
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 8:12 pm
by 93henfan
I believe we are in a double-negative, triple-inverted, under-inflated Hindenburg scenario with a clear indication of a head and shoulders pattern, leading to the inevitable potential for global diarrhea.
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 8:16 pm
by kalm
93henfan wrote:I believe we are in a double-negative, triple-inverted, under-inflated Hindenburg scenario with a clear indication of a head and shoulders pattern, leading to the inevitable potential for global diarrhea.
And this is why you're leaving...quitter.
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 8:17 pm
by grizzaholic
kalm wrote:93henfan wrote:I believe we are in a double-negative, triple-inverted, under-inflated Hindenburg scenario with a clear indication of a head and shoulders pattern, leading to the inevitable potential for global diarrhea.
And this is why you're leaving...quitter.
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 8:18 pm
by Grizalltheway
It's only a matter of time before the smoke-and-mirrors act known as the modern global financial system crashes and burns for good, and we start over from scratch. I for one am looking forward to it.
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 8:19 pm
by expandspanos
Jesse Ventura on the Democrips and Rebloodlicans (the two gangs running the country):
[youtube]
http://www.youtube.com/watch?v=mXia6FqbkwU[/youtube]
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 8:19 pm
by kalm
grizzaholic wrote:kalm wrote:
And this is why you're leaving...quitter.
I thought he was going to Afghanistan...or starting a landscaping company in NY. Did I miss something?
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 8:20 pm
by grizzaholic
Grizalltheway wrote:It's only a matter of time before the smoke-and-mirrors act known as the modern global financial system crashes and burns for good, and we start over from scratch. I for one am looking forward to it.
Who is going to hand you your meals/shelter/clothing?
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 8:22 pm
by Grizalltheway
grizzaholic wrote:Grizalltheway wrote:It's only a matter of time before the smoke-and-mirrors act known as the modern global financial system crashes and burns for good, and we start over from scratch. I for one am looking forward to it.
Who is going to hand you your meals/shelter/clothing?
I'm going to steal your guns and live in my buddy's cabin outside of Helena. I know how to fish...poorly.
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 8:23 pm
by grizzaholic
kalm wrote:grizzaholic wrote:
I thought he was going to Afghanistan...or starting a landscaping company in NY. Did I miss something?
My bad. I forgot, since he didn't get the job in the opium fields in Afghanistan, he is opening a competing lawn and leaf business against Bandelette.
Rumor Alert: A&E is in contract talks with both businesses for a reality show with Chris doing the narrating.
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 8:23 pm
by grizzaholic
Grizalltheway wrote:grizzaholic wrote:
Who is going to hand you your meals/shelter/clothing?
I'm going to steal your guns and live in my buddy's cabin outside of Helena. I know how to fish...poorly.
Lots of holes in your plan.
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 8:23 pm
by Chizzang
Grizalltheway wrote:It's only a matter of time before the smoke-and-mirrors act known as the modern global financial system crashes and burns for good, and we start over from scratch. I for one am looking forward to it.
I don't necessarily agree...
The ability to arbitrarily move decimal points and control market values should never be underestimated
The smoke and mirrors part has already been revealed and nobody seemed to notice
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 8:24 pm
by kalm
Grizalltheway wrote:grizzaholic wrote:
Who is going to hand you your meals/shelter/clothing?
I'm going to steal your guns and live in my buddy's cabin outside of Helena. I know how to fish...poorly.
I will give a man a fish...I'm afraid the teaching will cost extra though.
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 8:24 pm
by 93henfan
kalm wrote:grizzaholic wrote:
I thought he was going to Afghanistan...or starting a landscaping company in NY. Did I miss something?
The Afg ship has sailed, I believe, although the manager keeps in touch with me regularly. Qatar is a better possibility, but I'm cool with whatever happens.
Now, trivia: what is the name of the Living Color character I posted the picture of? Don't cheat, bitches.
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 8:27 pm
by Grizalltheway
Grizalltheway wrote:grizzaholic wrote:
Who is going to hand you your meals/shelter/clothing?
I'm going to steal your guns and live in my buddy's cabin outside of Helena. I know how to fish...poorly.
Edit-this is what I get for posting under the influence.
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 8:27 pm
by kalm
Chizzang wrote:Grizalltheway wrote:It's only a matter of time before the smoke-and-mirrors act known as the modern global financial system crashes and burns for good, and we start over from scratch. I for one am looking forward to it.
I don't necessarily agree...
The ability to arbitrarily move decimal points and control market values should never be underestimated
The smoke and mirrors part has already been revealed and nobody seemed to notice
In all seriousness, I've seen very little to suggest that nearly every industry is NOT still completely over-built. Too many coffee shops, too many bank branches, too many car dealerships, too many homes etc. I'm concerned that Obama re-inflated a 30 year bubble and the chickens have still not come home to roost.
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 8:30 pm
by grizzaholic
Grizalltheway wrote:Grizalltheway wrote:
I'm going to steal your guns and live in my buddy's cabin outside of Helena. I know how to fish...poorly.
I think it'll work out. You wouldn't shoot a fellow Griz fan for trying to steal your guns, would you?
In a humming bird's heartbeat. Sorry, but apocalypses are not a time to let personal feelings cloud judgement...especially when one has zero to offer the cause....hell, even good conversation might be enough but you and Vidav cannot win that one.
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 8:32 pm
by 93henfan
Nice bump GF. This thread went bonkers. A dazzling mix of rationality, ADHD, and fear.
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 8:35 pm
by grizzaholic
93henfan wrote:Nice bump GF. This thread went bonkers. A dazzling mix of rationality, ADHD, and fear.
I am rational, don't hijack threads, and always fearful of the future.
Re: It's Going To Get Really "Bad After The Next Election"
Posted: Thu Sep 06, 2012 8:36 pm
by kalm
93henfan wrote:Nice bump GF. This thread went bonkers. A dazzling mix of rationality, ADHD, and fear.
That's a very Hunter S...esque statement. I applaud.
