Economic Collapse Inevitable...how to protect ourselves??

I've been reading some very glim reports that the United States is literally on the verge of economic collapse.

We are running huge trade deficits, most of our manufacturing is now done overseas.

In turn, we have an extremely weak dollar. 1 British pound is now worth 2 dollars.

Our national debt is officialy at around 7 trillion dollars, though actual figures point to being as high as 14 trillion. That translates to roughly 50,000 for every man, woman, and child living here. Government is showing no signs of reigning it in.

An out-of-control Federal Reserve which is constantly pushing prices up through inflation, discouraging saving.


What should we do? Should we invest in gold, treasury notes, real estate? Im afraid that one day the money i make is gonna be completely worthless.
hopefully A-Unit and the other financially savvy posters can help me out with this

Correct, we are in financial ruin!!! The collapse is inevitable - Gold has always been a safe haven - if you do not want to possess it outright then buy GLD shares - although it too is only a stock!!! There will soon be a law that forbids Americans from taking their money out of the country - but if dollar collapses it will most likely take most down since most are invested in dollars - thus, the prolonged and long-lasting slow decline of the dollar!!!! They are trying to control it but first the manipulators must remove their assets from the market - even the manipulators are worried!

you just now figured that out?

America might have won independance, but ever since the Federal Reserve Act was passed, alot of the money we pay in taxes goes towards paying on interest on funds paid by a VERY selet few.

The federal Reserve is not what the name implies... it's not Federal, has nothign to do with the goverment, and it's not a reserve. It was named that so it wouldn't sound like what it is... a Central Banking System, because that was the entire point in coming to the "new land" anyway.. to get away from 1) Monarcy and 2) Central Banking like they had overseas. They tried to have it passed earlier but was crushed, so they renamed it a couple of years later and ka blam!

We print money literarly like it grows on trees. In Theory, every dollar that is circulated or is circulating today is suppsoed to be backed by something, rather it be gold, silver, etc. We abonded that a LONG time ago. When it's all said and done, our dollar is literarly not worth the paper it's printed on, but we print more money to buy out off more debt, and guess who prints the money? The federal reserve.

It's the equilvant of giving me a printer, some paper and having the president coming to me and saying " Backbreaker, we need you to issue another 100 Billion dollars, can you do that for us?"

I say sure, and break out the HP printer, print a bunch of paper and start circulating it. it's not worth anything, AND the goverment has to pay me interest on that paper I printed.

More than 25 percent of what we pay in taxes goes to the intrest of the fake money we print... but you don't see stuff like that reported on CNN or FOX.. all you see is everyone elated when the "reserve dropped the interest rate" and over half the americans in the country don't know what the **** that means.


What irkes me is America has no sense whatsoever of history. Just because we have computers now and cars doesn't mean we are always going to be on the up and up.

Taking a trip to other counties even made me more upset. The barebone politics, the way we do things, the way we are all in debt, the healthcare system, the way no one give 2 ****s about the enviroment, the fact that anyone who speaks anything other than tax cuts or whatever fox news or CNN deems the "in thing to say" gets outcasted as a nonimee for any political race.

People say "well then, lol, why don't you just leave, lol"

I am. That's something I have been planning for a while now and within the next 2 or so years I won't be living here if everything goes to accord.

I have a little cousin with two kids, that's right now in Iraq, fighting a war, risking her life and the possible future warefare of her two little boys, my two little cousins, for what? Think about if something happens to her... then her mother is stuck with two MORE kids the rest of HER life.. it's a downward effect. War is serious and should be taken seriously. you fight for independence, freedom, or to defend yourself. We don't even have a clear exlination of what we are fighting for (at elast a stated one)


But to answer your original question, not only is it going to happen, but it things don't improve here soon, or if someone cuts the plug on us, or if the reserve stops issusing notes like they did in the great depression we are in ****.


That was another reason I went on my little visiting spree... looking for new potential locations.

backbreaker said:

People say "well then, lol, why don't you just leave, lol"

I am. That's something I have been planning for a while now and within the next 2 or so years I won't be living here if everything goes to accord.

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This kid has his head screwed on in a correct fashion! We don't print money "they" do!!!

Who are "they"?? Read!!! Read!!!

There is a material and spiritual war taking place!!!!

Get out of The Matrix now!!! Flee!!!!

Trade deficit doesn't really mean anything. As for budget deficits, America's national debt isn't much worse than most other countries. That said, I do think we should stop deficit spending because it's hurting us in the long run. Backbreaker is right that we spend a ridiculous amount each year on national debt interest.

A good way to solve our financial problems would be to abolish or somehow phase out Social Security. That's one of our biggest long-term liabilities.

I'm good.

Obsidian said:

Trade deficit doesn't really mean anything. As for budget deficits, America's national debt isn't much worse than most other countries. That said, I do think we should stop deficit spending because it's hurting us in the long run. Backbreaker is right that we spend a ridiculous amount each year on national debt interest.

A good way to solve our financial problems would be to abolish or somehow phase out Social Security. That's one of our biggest long-term liabilities.

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if only it were that simple. That's not going to fix the debt we are in, plus ther eare countries out there (cough france cough) that can do things like provide healthcare to EVERYONE, provide a type of security service like we provide and still come out smelling like a rose compared to us.

We are over 10tirllion in debt. Some of the "cost of doing business" i get that.. it's the INtEREST on the 10 trillion that's killing us. if it were sending still (the debt) we could nip at it.. but it's not.

I pay a ****load in taxes, and what gets me is looking aorund and seeing what I am paying taxes for. If you are going to bend me over (and trust me when I say I get bent over royally every aprilish, at least for the past 3 years), at least show me something. Show me you give a fvck. Show some type of compentence. I'm going to start making alot more cheratable donations.. at least then I have more control over where my money is going

ther eare countries out there (cough france cough) that can do things like provide healthcare to EVERYONE, provide a type of security service like we provide and still come out smelling like a rose compared to us.

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According to the CIA World Factbook, France's per-capita national debt is slightly higher than ours. And socialist medicine sucks.

backbreaker said:

We are over 10tirllion in debt. Some of the "cost of doing business" i get that.. it's the INtEREST on the 10 trillion that's killing us. if it were sending still (the debt) we could nip at it.. but it's not.

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1. Obsidian is right, other countries are in debt just as deep as us...as a matter of fact, a lot of them are in debt to, you guessed it, the United States.

2. Yes there are countries with medical systems where everyone gets free health care. But you know what else? They have to wait for months and months to get a problem checked out. I know a dude from the UK who got syphillis once...he had to f.ucking wait 6 months to get it checked out. 6 months of puss dripping out your cok! Can you imagine that s.hit?! If you're not dying they don't care. Me, I get the sniffles and I can get if checked out within 2 weeks for gods sake!

Bottom line...America is still the greatest country in the world (I know I'll take s.hit for this from international members of this board...but if you can't take pride in your own country, what can you take pride in?) and you should be thanking god every waking second that you weren't born into some hellhole like Rwanda, Somalia, Bosnia, Vietnam, Mexico, the list goes on forever.

you should be thanking god every waking second that you weren't born into some hellhole like Rwanda, Somalia, Bosnia, Vietnam, Mexico, the list goes on forever.

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well, I think most of those countries have lower rates of AFCism, but yeah, you're mostly right

Obsidian said:

well, I think most of those countries have lower rates of AFCism, but yeah, you're mostly right

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haha! I love afc's, they make my job easier.

The whole point is "Why are we paying interest to individuals when we can print the money for free??? Our congress is responsible for controlling and printing our money - so says the constitution!!!" View this before it gets censored by our "Free" press - cough, cough, cough!...America; Freedom to Fascism...http://video.google.com/videoplay?docid=-1656880303867390173&q=america+freedom+to+fascism

I saw that movie, too, Lastman. Imo, it's pretty much completely bogus. For example, check out these links:

http://en.wikipedia.org/wiki/Tax_protester_constitutional_arguments
http://en.wikipedia.org/wiki/Tax_protester_statutory_arguments
http://en.wikipedia.org/wiki/Tax_protester_conspiracy_arguments

Obsidian - many "official" articles on the net are written by disinfo agents - seek truth for your self! IRS workers could not find the law after years of searching - why couldn't the head of the treasury/IRS tell us - he walked away from the interview when asked - what does this tell you?

The so-called law was passed in the middle of the night on Christmas eve the same year that the private "federal" reserve was established!! HUH???

How was the private "federal" reserve going to collect interest money from our future overblown debt? Yeah, you guessed it - through income taxes!

Again, the point is CONGRESS is responsible for our money NOT European banks!!

Well, I don't have any tips per say, but I do know America will become a third world country some time in the near 10-20 years.

We are slowly in the transition phases now. As you stated, manufacturing is moving overseas mostly. Foreigners are less likely to come here due to all the sh*tty Patriot Act and immigration laws, so we are suffering in the technology/engineering area as well. Most of the "brains" are moving to Asia/China.

That's why when I graduate college in 1.5 years, I'll be applying to jobs in Singapore. That is really where it's at. I am not going to invest too much in real estate in America because it's going down the drain.

Think about it, the dollar is going down. It's like how we now buy a lot of stuff from China because it's really cheap. Some day, people will look at America the same. We'll have a lot of cheap sh*t and other countries will import from us because we have no other resource left to offer. We'll go from hegemony to third world status.

I still love this country, but it's no use holding tight to a country that won't be the best in the world 10 years from now. Don't get me wrong, I absolutely love it here, I just don't want to de-value myself financially.

First of all, the British pound has ALWAYS been worth about $2.00 US.

And I've been hearing this "collaps of society in 10 years" since the 60's. (I'm still waiting)

LastManStanding is right, buy GOLD if you're worried. Don't bother with stock, they are worthless hunks of paper. Go on e-bay or to discount sites and buy gold bracelets or rings that have the "24k" stamp on them. Put them in a safe in your house, NOT THE BANK. (Banks can be closed or confiscated by the Government)

Personally, I think the world is far too interconnected to have a economic major collapse like that. Half the world owes the US money. If we go down, we start calling in debts! Pay up suckers!

WaterTiger said:

First of all, the British pound has ALWAYS been worth about $2.00 US.

And I've been hearing this "collaps of society in 10 years" since the 60's. (I'm still waiting)

LastManStanding is right, buy GOLD if you're worried. Don't bother with stock, they are worthless hunks of paper. Go on e-bay or to discount sites and buy gold bracelets or rings that have the "24k" stamp on them. Put them in a safe in your house, NOT THE BANK. (Banks can be closed or confiscated by the Government)

Personally, I think the world is far too interconnected to have a economic major collapse like that. Half the world owes the US money. If we go down, we start calling in debts! Pay up suckers!

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Well you're right but the reason this hasnt happened yet is because the world is so economically dependent on us whatever affects our economy would affect the global economy as well. But energy prices are soaring to record levels due to rising demand from India and China. The middle east is further destabilizing due to our involvement and meddling in their affairs.

So we have a geopolitical crisis on our hands combined with a very fragile and volatile economy

I believe it wont take much for some nation holding a significant amount of American collateral to call for repayment of loans out of spite for the U.S.
That would simply set off the tripwire for economic collapse. I see this as a certainity sometime in my generation.


I will definitely look in to buying gold bracelets to safeguard my financial interests. What about silver, copper? Other valuable commodities? e

Obsidian said:

According to the CIA World Factbook, France's per-capita national debt is slightly higher than ours. And socialist medicine sucks.

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I was reffering to their health care system, not their overall debt, which is the best healthcare system in the world

WaterTiger said:

First of all, the British pound has ALWAYS been worth about $2.00 US.

And I've been hearing this "collaps of society in 10 years" since the 60's. (I'm still waiting)

LastManStanding is right, buy GOLD if you're worried. Don't bother with stock, they are worthless hunks of paper. Go on e-bay or to discount sites and buy gold bracelets or rings that have the "24k" stamp on them. Put them in a safe in your house, NOT THE BANK. (Banks can be closed or confiscated by the Government)

Personally, I think the world is far too interconnected to have a economic major collapse like that. Half the world owes the US money. If we go down, we start calling in debts! Pay up suckers!

Click to expand...

First of all, you are 100% right. Buy gold. that's why Id on't waste my time in stocks. Buy things of value, and iwll be of value if the economy goes to hell.

now, in the world we are in, where I can say "i want to move" and be in say, China tomorrow night, it doesn't take the actual economy to collaspe for people to get ape****.

all it takes is the percecption, and enough histeria for people like me to say you know what, I'm sick of this, I"m moving, and leave.

if too many people leave, not enough taxes gets paid, it' has a trickle down effect.

the thing about economy is, right now money isn't worth anything in actuality. it's worth this number that someone came up with somewhere. All it takes is one event, one country to not want to do business with us (major), one "hey your money isn't worth anything" to deflate our dollar to the oipnt where it's not worth anything.

Is the bottom going to fall out from under us? No, because if it did it would have a more broader effect on other countirs.. the world would not allow us to plummit like that.

But are he headed toward a crisis of some sort? I honestly believe so.

This false since of bravado is nothing new, that "we know what we are doing" or "we can't be hurt becuase we are too smart" is the same thing that every major superpower in history has thought while heading on the path to their own demise.

As far as developing third world countries, you are correct, it's a gamble that if it pays off can really add something to our economoy, but right now are we really in the position to be taking chances such as that? that's what I am talking about. You need to get down to nuts and bults ecnomics, what works, what doesn't.