THE AFTERMATH by AnthonyT

REAL WORLD EVENT DISCUSSIONS

THE AFTERMATH

POSTED BY: ANTHONYT
UPDATED: Monday, September 15, 2008 13:12
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Monday, September 15, 2008 10:00 AM

Freedom is Important because People are Important

Hello,

There has been some speculation lately that the economy will collapse.

I was wondering what you all thought the probable result of such a collapse would be.

Taking the aftermath in 3 month segments, or quarters, what do you think would happen to America in the wake of an economic collapse?

i.e. Months 1-3: Stock Market Crash, hundreds of corporations declare bankruptcy as they become insolvent. Unemployment rates skyrocket and debates rage in congress about extending benefits to the unemployed. The dollar weakens significantly, becoming the least valuable western currency...

Etc.

What do you think would happen, how do you think it will shape our nation, and in what way will it all unfold?

--Anthony

"Liberty must not be purchased at the cost of Humanity." --Captain Robert Henner

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Monday, September 15, 2008 10:21 AM

CHRISISALL

Peeps who know me know that I've been predicting a Dark Angel-like worst case scenario for years now, looks like if it will ever come, 2009 is the likeliest time (heh, the Transgenic escape will also happen that year).

But it won't all happen so fast- it'll be like, five years in the making from this point on. That ass Clinton started all this, and Bush egged it on. Douchebags.

Chrisisall

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Monday, September 15, 2008 10:26 AM

HERO

Quote:
Originally posted by AnthonyT:

Etc.

There are really only two possible outcomes.

Either the world will end and we will all die OR everyone will live happily ever after.

Clearly there is nothing in between.

I note for the record that we had a pretty hefty economy until the Democrats took Congress. I don't think the two are related...but things really did start going downhill in 2007 after teetering since the Clinton/9-11 pseudo-recession of 2001.

Seems to me the issue is uncertainty. The Presidential election will tie this up one way or another. So will resolution of the Bush tax cuts (since you can't do long term planning without knowing whether your next year's tax rates will be 2009 or 2000). The dollar is gaining strength, oil prices are falling (they've been falling since the President said "drill" and Nancy said "vote").

This market stuff has to shake itself out once in a while. It'll work out, quit with the panic already. I believe somebody once said something bout 'fear itself'.

I like that Obama was in there for a quick 'I told you so' but note he left out 'here's what I've been doing during my years in the Senate to avoid this tragedy'.

H

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Monday, September 15, 2008 10:26 AM

WULFENSTAR

http://youtu.be/VUnGTXRxGHg

Ok, I keep wanting to make Chicken Little jokes here...but I actually am a bit worried...

Well, after the riots....I got nothing.

Maybe itll be like parts of Russia? They don't even have paper money anymore.

The only currency they use is Vodka and bullets.

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Monday, September 15, 2008 1:12 PM

FREMDFIRMA

I forsee a boom on back-catalog Krokus albums, myself.

-Frem

It cannot be said enough, those who do not learn from history, are doomed to endlessly repeat it

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