Re: Someone predicted this economic collapse A year ago, who?Go to Top
I'm not sure what day this was done, but seeing this a year ago is like picking plays for Sundays quarterback on Monday morning.
By mid-2006, this was written on the wall (earlier if you paid attention, few did). If someone wants to nail it, then they have to show where they predicted with more exactness what would happen.
Even the media was predicting a housing bubble burst by mid-2006. A politician with a speech in 2007 didn't do much for me.
Re: Someone predicted this economic collapse A year ago, who?Go to Top
Originally Posted by Mr. Bill
Freud once said that religion was the opiate of the people. That was long before the welfare state.
Sorry, it was Karl Marx who said that... probably his most famous quote. It was in Critique of Hegel's Philosophy of Right. It is often translated as the "opiate of the masses."
You were sort of close. Sigmund Freud's perspective, as expressed in The Future of an Illusion states: "Religion is the universal compulsive neurosis of mankind...."
In writing my thesis Anarchy: The Political Philosophy of Herman Hesse, I read both in graduate school (College of William and Mary, MA, Political Science 1974) and didn't understand either one of them! But I was stoned most of the time... back then a nickel bag... was a nickel!
Re: Someone predicted this economic collapse A year ago, who?Go to Top
Originally Posted by Charpress
I have not run into one person or heard one politician who did not predict this. Amazing how smart everyone is in their own minds.
And, yes, you can run videos of scores of people who saw this coming. Amazing that everyone was so smart, saw it coming, but did nothing.
Go back and look at the esteemed members of Congress shooting down Republican calls to heel in Fannie and Freddie.
The difference is Ron Paul has been talking about the impending crisis due to our funny money for 20 or more years. And Ron did try to do something but he is (and was) only one voice in sea of sheep.
Re: Someone predicted this economic collapse a year ago. Who?Go to Top
Hey Guys,
First post here on the forum. Thanks for having me! Before I got into the insurance business this year, I was a mortgage broker for 10yrs. The financial/mortgage meltdown was actually predicted by mortgage economists in 2004. That was at the very height of when all of the bad lending was going on. There were also all the videos going around of the Republicans in 2006 trying to reign in Fannie/Freddie but were stopped by the Dems. But by then, it was actually too late. Everyone knew that when rates increased, this was going to happen. I actually made a conscious decision to not sell subprime loans because I knew what would happen because of them.
But Rick, Dr Paul is right on a bunch of things...the proper role of government, the federal reserve and income taxes. I differ with him on his national defense policies. If he just was a little tougher in how he would fight terrorism, I would probably vote for him. Bob Barr may get my vote this year. Never would I vote for NObama and I would have to hold my nose to vote for McCain just so BHO didn't get elected.
Re: Someone predicted this economic collapse A year ago, who?Go to Top
Originally Posted by GreenSky
The difference is Ron Paul has been talking about the impending crisis due to our funny money for 20 or more years. And Ron did try to do something but he is (and was) only one voice in sea of sheep.
Rick
The housing bubble, the financial meltdown, prior recessions, etc... they're all symptoms of "funny money".
The root problem is our fiat currency. $700B bail-out... we'll just print some more money... at interest... that will fix things....
Our economy will entirely collapse unless someone has the guts to stand up and reform the monetary system and the Fed...
Of course... look what happened to JFK for trying to mess with the Federal Reserve...
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Re: Someone predicted this economic collapse a year ago. Who?Go to Top
Originally Posted by CPACINS
But Rick, Dr Paul is right on a bunch of things...the proper role of government, the federal reserve and income taxes. I differ with him on his national defense policies. If he just was a little tougher in how he would fight terrorism, I would probably vote for him. Bob Barr may get my vote this year. Never would I vote for NObama and I would have to hold my nose to vote for McCain just so BHO didn't get elected.
Welcome to the forum. Nice to have yet another voice of reason here.
I wish Ron Paul had accepted the "offer" of the Libertarian Party to be our candidate this year. Bob Barr says the right things, but Dr. Paul has walked the walk his entire life.
Based upon all the candidates, Barr does get my vote.
Re: Someone predicted this economic collapse a year ago. Who?Go to Top
This whole two-party system has ruined our country, giving us the choice of the douche or the turd sandwich (-South Park reference FTW!).
Even if Paul or Barr ran independent, they wouldn't stand a snake's chance of winning the popular vote, let alone the electoral vote. There are too many stupid people and not enough reform of the electoral process to make any difference in the result - candidate douche or candidate ****-bag.
Re: Someone predicted this economic collapse a year ago. Who?Go to Top
If an Independent had a fighting chance, I would take off work and campaign.
To vote for an independent is a vote for a Republican. Keep that in mind. No independent has a chance and your vote goes down the drain.
You must pick between the two or not vote. Don't bother.
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I forgot to answer the question. Everyone in the business world knew that runaway housing costs would bust.
What's happened is that Americans thought they could do anything, everything has gone pretty well here untill now.
I wouldn't panic. People will get what they deserve. The economy will smooth out in a few years as Americans tighten the belt and get their priorities straight.
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"People who think they know it all really annoy those of us who do"
Re: Someone predicted this economic collapse a year ago. Who?Go to Top
Originally Posted by The Rabbi
The economy will smooth out in a few years as Americans tighten the belt and get their priorities straight.
Unless things change drastically, and I frankly don't see how they can, the recent troubles are just a hint of what is coming.
There is no way to brush off the current $10trillion debt, plus the new trillions suddenly being added, plus the $55 trillion in entitlement debt that is not even on the books. If the federal government had to follow the same rules that General Motors follows, they would all be in prison.
Someone predicted this economic collapse a year ago. Who?
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Re: Someone predicted this economic collapse a year ago. Who?
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