Comments on: Instead Of Using This Period Of Economic Stability To Party We Should Be Using It To Prepare http://theeconomiccollapseblog.com/archives/instead-of-using-this-period-of-economic-stability-to-party-we-should-be-using-it-to-prepare Are You Prepared For The Coming Economic Collapse And The Next Great Depression? Sat, 11 Jul 2015 18:41:00 +0000 hourly 1 By: Kevin http://theeconomiccollapseblog.com/archives/instead-of-using-this-period-of-economic-stability-to-party-we-should-be-using-it-to-prepare#comment-23010 Wed, 12 Jan 2011 03:52:03 +0000 http://theeconomiccollapseblog.com/?p=1610#comment-23010 Oops

4A. Banks / investment sector deregulated allowing a massive conflift of interest to become legal along with unsecured loans packaged and sold as secure investments. A disaster waiting to happen when default occurs (#7).

]]> By: Kevin http://theeconomiccollapseblog.com/archives/instead-of-using-this-period-of-economic-stability-to-party-we-should-be-using-it-to-prepare#comment-22972 Tue, 11 Jan 2011 18:02:53 +0000 http://theeconomiccollapseblog.com/?p=1610#comment-22972 The drop in standard of living was masked with too easy debt for quite some time. Many people lived much better then their parents with loans they paid for for over a decade. Their parents did not have a McMansion. The collapse was like a drunk being splashed in the face with ice water. The public is just sobering up now facing the reality of their excess both public and private.

The series of events as best as I can figure out went like this.

1. Deindustrialization starts
2. Industrialization moved to the 3rd world.
3. Goods prices drop effectively masking the drop in personal wealth. You have less money but your still buying.
4. Increased money M1 pumped into the economy without an increase in inflation due to #3 above. This helps feed the consumer driven economy as opposedto the manufacturing driven economy.
5. Increased money coming back to the US in the form of loans dropping the mortage rates and boosting both home construction and home prices. This also feeds the consumer driven economy.
6. A still to be explained unexpected dramatic rise in oil prices forces both business and individuals to buy energy or meet their ( this point excessive debt levels) obligations. They choose to buy energy.
7. Defaults far above normal occur and the deck of cards comes falling down.

]]> By: Cam Mather http://theeconomiccollapseblog.com/archives/instead-of-using-this-period-of-economic-stability-to-party-we-should-be-using-it-to-prepare#comment-22971 Tue, 11 Jan 2011 17:54:12 +0000 http://theeconomiccollapseblog.com/?p=1610#comment-22971 The first guidebook to read for preparation is “Thriving During Challenging Times, The Energy, Food and Financial Independence Handbook” a roadmap to increasing personal resilience. http://aztext.com/thriving.cfm

]]> By: Aurora http://theeconomiccollapseblog.com/archives/instead-of-using-this-period-of-economic-stability-to-party-we-should-be-using-it-to-prepare#comment-22920 Tue, 11 Jan 2011 02:51:30 +0000 http://theeconomiccollapseblog.com/?p=1610#comment-22920 Kevin: The standard of living already dropped a long time ago. Do you see them saying, “Where are we, how did we get here and how do we get out of it?” No…they still have their heads buried in the sand, pacified with TV’s, SmartPhones, and X-box’s. They love debt and consumerism more than they love their mothers.

]]> By: Spencer http://theeconomiccollapseblog.com/archives/instead-of-using-this-period-of-economic-stability-to-party-we-should-be-using-it-to-prepare#comment-22897 Mon, 10 Jan 2011 23:03:28 +0000 http://theeconomiccollapseblog.com/?p=1610#comment-22897 Easy solution to my financial problems: Tax gary2 HARD, spread his hard-earned and saved money to lazy ass Spence :)

]]> By: Kevin http://theeconomiccollapseblog.com/archives/instead-of-using-this-period-of-economic-stability-to-party-we-should-be-using-it-to-prepare#comment-22881 Mon, 10 Jan 2011 18:59:19 +0000 http://theeconomiccollapseblog.com/?p=1610#comment-22881 You another Kevin?

Americans are not dumb. Americans just prefered to allociate their attention on sports and entertainment; hell things were good, jobs plentyfull. As the standard of living drops more of their attention will be diverted to, “where are we, how did we get here and how do we get out of it”.

The system works. People just got lazy.

]]> By: Aurora http://theeconomiccollapseblog.com/archives/instead-of-using-this-period-of-economic-stability-to-party-we-should-be-using-it-to-prepare#comment-22870 Mon, 10 Jan 2011 17:02:56 +0000 http://theeconomiccollapseblog.com/?p=1610#comment-22870 The chances of Gary2 being a real person is exactly the same as the chances of the Rapture happening.

You can pretty much assess how damaged by American propaganda somebody’s head is, based on which direction they lean with the above statement.

I know there are a few that can see through this circus smokescreen (aka the BRA).

]]> By: Joe in JT http://theeconomiccollapseblog.com/archives/instead-of-using-this-period-of-economic-stability-to-party-we-should-be-using-it-to-prepare#comment-22864 Mon, 10 Jan 2011 16:29:54 +0000 http://theeconomiccollapseblog.com/?p=1610#comment-22864 Welcome to credit card rewards my name is Peggy?
Yes I want to reclaim my rewards.
My name is Peggy.
YES I WANT MY REWARDS PLEASE.
Calculating, one moment.
Seven hundred plus two hundred minus calculating fee for a total of fifty cents. Congradulations.
“HAPPY TIME”!!! Ding,ding!(creep with dark glasses and beard ringing the gong) Ding, ding.

]]> By: morpheus http://theeconomiccollapseblog.com/archives/instead-of-using-this-period-of-economic-stability-to-party-we-should-be-using-it-to-prepare#comment-22830 Mon, 10 Jan 2011 03:25:01 +0000 http://theeconomiccollapseblog.com/?p=1610#comment-22830 What economic stability. Let’s see, 103,000 jobs equals a .4 drop in the unemploymant rate.

]]> By: Kevin http://theeconomiccollapseblog.com/archives/instead-of-using-this-period-of-economic-stability-to-party-we-should-be-using-it-to-prepare#comment-22829 Mon, 10 Jan 2011 03:14:29 +0000 http://theeconomiccollapseblog.com/?p=1610#comment-22829 Americans are dumb sheeple, and they deserve their dreadful future. Unfortunately, I am an American, so I will go down with them. Sad but true….

]]>