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Thread: 2012: Peak Doom

  1. #1
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    Default 2012: Peak Doom

    2012 will be remembered the year when 'doom and gloom' peaked.

    Fresh Internet Luddites (late to the internet) were started on this scare-cycle around 2007. The financial crisis dove-tailed into this narrative and made heroes out of clueless idiots -- Schiff, Ron Paul, Glenn Beck, zerohedge, tea party et al. Most comment sections were filled with the same hyper-inflation, dollar-collapse, one-term president, gold $5000, high unemployment, anti-MSM. Since this was novel to many and simplistic, it went viral.

    But by 2012, the general public slowly started to realize that all these gloom and doomers are utterly clueless about everything and can't predict which direction the sun rises the next day.

    Unfortunately, the cult followers of doom lost their precious time and instead of honing their skills for the coming US industrial, technology and health-care boom (3-d printing, big data, automation, robotics, lab-on-chips, biotech engineering, health services, resource glut, hydroponic and aquaponic vegetation, energy recycling) were busy reading conspiracy theories, idiot sites and following their cult leaders.

    As the world marches towards 1000 Trillion Dollar economy, with US around $250 Trillion, (in real terms) in about 50 years, the next generation will be laughing about the luddites who were scared by the puppet masters about a piddly $16 Trillion debt. (an abstract concept that has nothing to do with the productive capacity of the resources, land, machines and the smart people of a country)

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    Default Re: 2012: Peak Doom

    One thing is now certain. Those that espouse the ideology that a 16 Trillion dollar US gov't deficit, with an additional 1 Trillion + dolar per year growth in said deficit, are 'piddly' ... now 'OWN' the US economy !!!

    Given this week's 'developments', and given that another 2 or 4 years will now be required to effect any significant change in US economic policy, I suspect that you'll be hearing far less from the 'Luddites' ... outside of their own 'audience' anyhow.

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    Default Re: 2012: Peak Doom

    Quote Originally Posted by xanfiles1 View Post
    2012 will be remembered the year when 'doom and gloom' peaked.

    Fresh Internet Luddites (late to the internet) were started on this scare-cycle around 2007. The financial crisis dove-tailed into this narrative and made heroes out of clueless idiots -- Schiff, Ron Paul, Glenn Beck, zerohedge, tea party et al. Most comment sections were filled with the same hyper-inflation, dollar-collapse, one-term president, gold $5000, high unemployment, anti-MSM. Since this was novel to many and simplistic, it went viral.

    But by 2012, the general public slowly started to realize that all these gloom and doomers are utterly clueless about everything and can't predict which direction the sun rises the next day.

    Unfortunately, the cult followers of doom lost their precious time and instead of honing their skills for the coming US industrial, technology and health-care boom (3-d printing, big data, automation, robotics, lab-on-chips, biotech engineering, health services, resource glut, hydroponic and aquaponic vegetation, energy recycling) were busy reading conspiracy theories, idiot sites and following their cult leaders.

    As the world marches towards 1000 Trillion Dollar economy, with US around $250 Trillion, (in real terms) in about 50 years, the next generation will be laughing about the luddites who were scared by the puppet masters about a piddly $16 Trillion debt. (an abstract concept that has nothing to do with the productive capacity of the resources, land, machines and the smart people of a country)

    Lol.... You cant have confidence without the con..... Yea, those unemployment number look great.... And all that money can be paid back, no problem there.


    UnemploymentJan1947Sep2012wtmk.png

    us-national-debt-chart-201.jpg
    The country has been looted.

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    Default Re: 2012: Peak Doom

    Buy physical gold Bitches!!!!

    Have already accumulated 8 oz of gold coins as follows;

    3 x Canadian Maples
    2 x SA Krugerrands
    1 x American Eagle
    1 x American Buffalo
    1 x Austrian Philharmonic.

    going strong and still stacking.......................................

    I also started lurking the website "Zero Hedge". Great info.

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    Default Re: 2012: Peak Doom

    Quote Originally Posted by kristy11 View Post
    Buy physical gold Bitches!!!!

    Have already accumulated 8 oz of gold coins as follows;

    3 x Canadian Maples
    2 x SA Krugerrands
    1 x American Eagle
    1 x American Buffalo
    1 x Austrian Philharmonic.

    going strong and still stacking.......................................

    I also started lurking the website "Zero Hedge". Great info.
    You have my sympathies.

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    Default Re: 2012: Peak Doom

    Quote Originally Posted by xanfiles1 View Post
    You have my sympathies.
    Ohhhh ! Can you imagine if Greece were NOT on the Euro ? What do you think the drachma would be worth ?

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    Default Re: 2012: Peak Doom

    Greece is a perfect example of why Austerity and Gold Standard(ability to not print money) is a stupid idea.

  9. #8
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    Default Re: 2012: Peak Doom

    Quote Originally Posted by xanfiles1 View Post
    Greece is a perfect example of why Austerity and Gold Standard(ability to not print money) is a stupid idea.
    Please define "austerity". In much of Europe it has meant tax increases which are rarely, if ever , conducive to economic growth.

    Nobody ( not me, not even our resident "gold bug" Melonie) has advocated returning to a classic gold standard like we had just prior to the Great Depression. What a few of us have said is that there ought to be a link to gold to control the amount of money the Fed is able to print. It is a distinction with a VERY important difference.

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