Economic collapse around the corner.
Sep 4, 2019 12:08:12 #
I've been attempting to thump this reality and whose behind what's coming into the heads of folks on this forum. You'll notice if ya read this Bob Livingston report that there's a guy named Mark Carney mentioned. He's the Bank of Englands Governor
I'll follow up this post with a Global Research report reporting in more detail what Mark Carney predicts is coming. Unfortunately, I don't expect many to read these reports in full. Most on here, I feel offer up opinions based on nothing, for the articles posted are rarely read in full.
Bob Livingston Alerts <email@news.boblivingstonletter.com>
To:
richardrowland537@yahoo.com
Sep 4 at 10:03 AM
Richard, thanks for subscribing since 10/23/2015. Unsubscribe
Bob Livingston Alerts
This past week was an interesting exercise in false expectation and assumptions. Once again, trade war theatrics were used to stall a stock market plunge as insinuations of a possible "deal" were made by Donald Trump, followed by China's claim that maybe, just maybe, they would not immediately issue a new round of tariffs right now, but possibly tomorrow or in a month...
Then, all hell broke loose again when only a few days later both sides jumped into a new round of tariffs leaving markets confused and also trading computers bewildered, so much so that sometimes they even buy on bad news thinking it's good news. This is the problem with the Pavlovian response mechanism — you train a dog to salivate at the sound of a bell because he thinks he's going to get a treat, but then what if you change the bell, or the treat, or the entire dynamic of the process? The dog's whole world is turned upside down and he curls up in a ball in the corner of the room to make the mental anguish stop.
This is exactly the kind of reaction the globalists are looking for, hence the stop/start insanity of trade discussions, not to mention the dove/hawk behavior of the Federal Reserve. Everything people once thought predictable is being deliberately discombobulated.
But the circus and the confusion are only products of people's biases. They want to believe they will get a treat if they act a certain way when certain indicators signal. They want to believe the trade war can be won, or at least that Trump is trying to win. They want to believe that the Fed will save them with a surge of QE. They want to believe that the instability will be smoothed away by the hands of political and banking elites. But what if the elites have no intention of doing this? What if they want an economic crisis?
In terms of the trade war, there are some facts that do not support some of the assumptions out there on either side of the debate. These facts run contrary to the mainstream narrative, as well some narratives within the alternative media. What I've been seeing lately is a kind of artificial patriotic fervor; an organized attempt using memes and propaganda to convince conservatives in particular that the trade war requires mindless fealty to one's "side."
China is a despicable communist regime with a record of human rights abuses, so it's a rather perfect distraction of the American masses. I'm reminded of the war fever against Iraq after 9/11, and how so many conservatives bought into the very thin claim of Iraqi involvement and the lies about WMDs. We don't like dictators, and we don't like China, but conservatives are being duped into thinking the trade war against China will somehow accomplish a better world, or at least a better America. This is not what the trade war is intended to do.
Let's start with the assumptions (as well as lies and disinformation) surrounding the trade war and then look at the evidence that debunks them...
Fallacy #1: China is dependent on the U.S. consumer
I'm not sure where this idea comes from specifically, but it's not based on anything tangible. I sometimes wonder if the notion that the world depends on the American consumer for its bread and butter is perhaps a kind of appeal to people's narcissism? Making the average American feel superior, or feel special, simply by telling them that their steady debt-based consumption keeps the engine of the global economy running.
In the case of China, here are the facts:
The U.S. only comprises around 18 percent of Chinese exports. While this is a nice piece of the pie, it's hardly enough leverage to bring down China's economy if it is completely lost. China would suffer profit losses in certain sectors as well as a recession, but not the kind of crisis that some are predicting in the alternative media.
Around 40 percent of China's GDP is generated domestically, and 80 percent of its GDP growth comes from private consumption. I warned several years ago that China was shifting its economic model from an export based system to a more self-reliant domestic based system, and that this might be an indication of a coming economic war with the U.S.. As it turns out, this is exactly what has happened. Since 2010, China's domestic market has grown dramatically, indicating that China has no intention of relying on the U.S. consumer as an economic pillar.
The U.S. consumer is almost tapped out. While retail sales in certain areas remain steady and this has been used by the mainstream media to promote the idea that the economy is still "going strong", this is not the big picture. The reality is that U.S. consumption is driven by historic levels of debt. Household debt is now far above levels last seen after the last financial crisis, with total debt at $1.2 trillion higher today than its last peak in 2008.
The downturn in retail is more obvious in the vast closing of thousands of outlets in 2019 alone. This year has seen a 29 percent increase in store closings compared to 2018, even though 2018 saw a considerable spike in store shutdowns. Around 12,000 stores are slated to close this year.
So, the question is, with the U.S. consumer stretched thin by debt and U.S. retail on the verge of a recessionary plunge, why would China feel threatened by the loss of the American consumer market? The truth is they aren't threatened, which is why, as I predicted last year, the trade war continues unabated despite the fact that so many people argued that China would "quickly fold" to Trump's demands.
I realize this is not what many people want to hear, but it is foolish to get caught up in an artificially created mob mentality and ignore the fundamentals in the trade war. If you think that the U.S. is going to "win" based on leverage, you are sorely mistaken.
Fallacy #2: Manufacturing will come back to the U.S.
This is perhaps the most persistent and fraudulent "carrot" that has been held out to the American people over the years to get them to go along with certain destructive policies. Whether it be dollar devaluation or a trade war that goes nowhere, the American people are always being told that manufacturing jobs are "right around the corner." There are a number of reasons why this is an absurd fantasy.
First, as it stands now manufacturing in the U.S. makes up only 11 percent of total economic output. I don't think that many people understand what this means. We have a 70 percent retail and service based economy, meaning the majority of U.S. citizens in the job market have no experience whatsoever in the manufacturing sector, and the average U.S. company has no guidelines for how to establish a manufacturing base using the American labor pool.
Second, American labor expects a certain level of wage compensation as well as union organization that makes manufacturing far more expensive here than in China or in other parts of the world. The average factory worker in China makes around $3.60 per hour — how exactly would the American market ever compete with this? Tariff's alone are not enough to force corporations to spend the billions necessary to rebuild factories in the U.S. and hire American workers at $15+ an hour. It's just not going to happen.
Third, there are many places besides China to build a manufacturing base. No company is going to bring its factories to the U.S. when they can build in Vietnam, or Taiwan etc. In many cases, it is cheaper to ship raw materials and products to these countries, have them finished by workers in Asia and then have the items shipped back, than it is to build the product from start to finish in the U.S.
Fourth, we can talk all day about patriotism, but in the end the average American is not going to buy "Made in USA" for most goods out of a sense of patriotic duty if the price is twice as much. Walmart and Amazon dominate the retail market for a reason — they sell things cheap.
Fifth, raising tariffs on foreign exporters would only work to encourage consumption of domestically manufactured goods if the U.S. already had a large manufacturing base and produced all the items other nations produce. Entering into a trade war without a resilient manufacturing sector is backward. You don't fight a trade war to get manufacturing to come back, you fight a trade war to promote the goods you already manufacture.
If Trump had really intended to bring factories back to the U.S., he should have given corporations tax break incentives in exchange for creating manufacturing jobs on U.S. soil. Instead, he gave corporations tax break incentives for nothing.
The END of CNN is Coming...
Trump Derangement Syndrome is taking this once-proud news station down. Recent ratings show DOUBLE-digit decline AGAIN this year. They're down 15% in primetime alone!
If you want the TRUTH, the WHOLE truth, there IS a place you can still trust.
Click here to keep reading...
Fallacy #3: China will starve without American agricultural products
Uh, no. This is a very weird argument. It's as if some people assume that the U.S. is China's only potential source for food. China buys agricultural products from all over the world, and has alternative sources for foods like soybeans and pork, including Brazil, Mexico and Russia.
Prices will rise in China, sure, but nowhere near the point of collapse. Again, the Chinese are not reliant on the U.S. for anything, so, the idea that the U.S. has overt leverage in the trade war is simply not true.
Fallacy #4: The world will side with the U.S. over China
This is a prime question — would the world choose the U.S. consumer base or China's cheap export market if they had to pick only one? As noted earlier, the U.S. consumer is nearly tapped out. China has the largest import/export market in the world. The U.S. has little manufacturing to speak of. I also question the validity of the idea that Europe or most other nations have loyalty to American markets.
Think about it; do they? Do they see us as indispensable? Or is the rest of the world being sent on a path toward globalism while the U.S. is being made to look like a barbaric and archaic throwback, a Neanderthal man that is desperately clinging to power and is willing to drag down everyone else with him if he doesn't get his way?
Many in the liberty movement understand that this is not the case. We know that the globalists have sabotaged this country from within, and we know that they are using Trump as controlled opposition and a useful puppet in this task. But the majority of the rest of the world does not understand this. If there is an economic crash which sends shockwaves through multiple economies, the trade war will most likely be blamed along with Trump and his "populist" supporters. The rest of the world will see us as the villains, because they do not understand the nature of 4th Generation Warfare, nor do they understand the globalists strategy of "order out of chaos."
The narrative that has been pushed is that China is the victim of U.S. aggression, and that the trade war and the economic crisis are purely a product of Trump's madness. Who do you think the world will eventually side with?
Fallacy #5: The U.S. dollar is untouchable
This claim revolves mainly around the idea that because the U.S. dollar is the world reserve currency, the U.S. has the upper hand in trade negotiations and the rest of the world will follow the currency leader because there "is no other option." I disagree.
As Bank of England governor Mark Carney has openly admitted, the plan is to replace the dollar as the world reserve currency anyway. How? Why with a global cryptocurrency, of course, just as I warned about in my article 'The Globalist One World Currency Will Look A Lot Like Bitcoin.'
Carney's mention of Bitcoin and Facebook's Libra as models for this currency system seems to have confused some people. Carney did not say that Libra should be the next world reserve currency. He said that the next world reserve currency will look like Libra. But how do the elites plan to institute such a monetary system and force people to go along with a cashless society?
They need a massive crash event, and they need the U.S. dollar to go the way of the dodo. It seems rather convenient to me that China has been preparing for just such an event. While many analysts point out that China has generated intense amounts of debt over the past decade, they seem to forget that this was a requirement in order for China to attach the Yuan to the IMF's Special Drawing Rights basket, which is the foundation for a global currency mechanism. China has also been stockpiling vast amounts of gold. It's as if they know something the rest of us only suspect.
The trade war is the perfect catalyst for the collapse of the U.S. dollar that the globalists desire. While some people suggest that China's dumping of U.S. Treasurys is the "nuclear option" in the trade war, this is not quite true. The real nuclear option is for China to dump the U.S. dollar as the reserve trade mechanism and go to a basket of currencies, which the IMF will happily aid them with. As the largest exporter/importer in the world, China can drop the dollar and most of their trading partners will follow their lead. The U.S. economy would crumble in response, as the dollar is the only thread holding our system together.
This is the ugly truth behind the trade war. It is nothing more than a farce, a smoke and mirrors distraction leading up the dismantling of the U.S. dollar and paving the way for the globalist one world digital currency system. Whether or not the plan succeeds relies on ample resistance from people who see the danger ahead, but make no mistake, the globalists are not afraid of an economic rash or the decline of the dollar; they want these things to happen so they can establish even more centralized control.
To truth and knowledge,
I'll follow up this post with a Global Research report reporting in more detail what Mark Carney predicts is coming. Unfortunately, I don't expect many to read these reports in full. Most on here, I feel offer up opinions based on nothing, for the articles posted are rarely read in full.
Bob Livingston Alerts <email@news.boblivingstonletter.com>
To:
richardrowland537@yahoo.com
Sep 4 at 10:03 AM
Richard, thanks for subscribing since 10/23/2015. Unsubscribe
Bob Livingston Alerts
This past week was an interesting exercise in false expectation and assumptions. Once again, trade war theatrics were used to stall a stock market plunge as insinuations of a possible "deal" were made by Donald Trump, followed by China's claim that maybe, just maybe, they would not immediately issue a new round of tariffs right now, but possibly tomorrow or in a month...
Then, all hell broke loose again when only a few days later both sides jumped into a new round of tariffs leaving markets confused and also trading computers bewildered, so much so that sometimes they even buy on bad news thinking it's good news. This is the problem with the Pavlovian response mechanism — you train a dog to salivate at the sound of a bell because he thinks he's going to get a treat, but then what if you change the bell, or the treat, or the entire dynamic of the process? The dog's whole world is turned upside down and he curls up in a ball in the corner of the room to make the mental anguish stop.
This is exactly the kind of reaction the globalists are looking for, hence the stop/start insanity of trade discussions, not to mention the dove/hawk behavior of the Federal Reserve. Everything people once thought predictable is being deliberately discombobulated.
But the circus and the confusion are only products of people's biases. They want to believe they will get a treat if they act a certain way when certain indicators signal. They want to believe the trade war can be won, or at least that Trump is trying to win. They want to believe that the Fed will save them with a surge of QE. They want to believe that the instability will be smoothed away by the hands of political and banking elites. But what if the elites have no intention of doing this? What if they want an economic crisis?
In terms of the trade war, there are some facts that do not support some of the assumptions out there on either side of the debate. These facts run contrary to the mainstream narrative, as well some narratives within the alternative media. What I've been seeing lately is a kind of artificial patriotic fervor; an organized attempt using memes and propaganda to convince conservatives in particular that the trade war requires mindless fealty to one's "side."
China is a despicable communist regime with a record of human rights abuses, so it's a rather perfect distraction of the American masses. I'm reminded of the war fever against Iraq after 9/11, and how so many conservatives bought into the very thin claim of Iraqi involvement and the lies about WMDs. We don't like dictators, and we don't like China, but conservatives are being duped into thinking the trade war against China will somehow accomplish a better world, or at least a better America. This is not what the trade war is intended to do.
Let's start with the assumptions (as well as lies and disinformation) surrounding the trade war and then look at the evidence that debunks them...
Fallacy #1: China is dependent on the U.S. consumer
I'm not sure where this idea comes from specifically, but it's not based on anything tangible. I sometimes wonder if the notion that the world depends on the American consumer for its bread and butter is perhaps a kind of appeal to people's narcissism? Making the average American feel superior, or feel special, simply by telling them that their steady debt-based consumption keeps the engine of the global economy running.
In the case of China, here are the facts:
The U.S. only comprises around 18 percent of Chinese exports. While this is a nice piece of the pie, it's hardly enough leverage to bring down China's economy if it is completely lost. China would suffer profit losses in certain sectors as well as a recession, but not the kind of crisis that some are predicting in the alternative media.
Around 40 percent of China's GDP is generated domestically, and 80 percent of its GDP growth comes from private consumption. I warned several years ago that China was shifting its economic model from an export based system to a more self-reliant domestic based system, and that this might be an indication of a coming economic war with the U.S.. As it turns out, this is exactly what has happened. Since 2010, China's domestic market has grown dramatically, indicating that China has no intention of relying on the U.S. consumer as an economic pillar.
The U.S. consumer is almost tapped out. While retail sales in certain areas remain steady and this has been used by the mainstream media to promote the idea that the economy is still "going strong", this is not the big picture. The reality is that U.S. consumption is driven by historic levels of debt. Household debt is now far above levels last seen after the last financial crisis, with total debt at $1.2 trillion higher today than its last peak in 2008.
The downturn in retail is more obvious in the vast closing of thousands of outlets in 2019 alone. This year has seen a 29 percent increase in store closings compared to 2018, even though 2018 saw a considerable spike in store shutdowns. Around 12,000 stores are slated to close this year.
So, the question is, with the U.S. consumer stretched thin by debt and U.S. retail on the verge of a recessionary plunge, why would China feel threatened by the loss of the American consumer market? The truth is they aren't threatened, which is why, as I predicted last year, the trade war continues unabated despite the fact that so many people argued that China would "quickly fold" to Trump's demands.
I realize this is not what many people want to hear, but it is foolish to get caught up in an artificially created mob mentality and ignore the fundamentals in the trade war. If you think that the U.S. is going to "win" based on leverage, you are sorely mistaken.
Fallacy #2: Manufacturing will come back to the U.S.
This is perhaps the most persistent and fraudulent "carrot" that has been held out to the American people over the years to get them to go along with certain destructive policies. Whether it be dollar devaluation or a trade war that goes nowhere, the American people are always being told that manufacturing jobs are "right around the corner." There are a number of reasons why this is an absurd fantasy.
First, as it stands now manufacturing in the U.S. makes up only 11 percent of total economic output. I don't think that many people understand what this means. We have a 70 percent retail and service based economy, meaning the majority of U.S. citizens in the job market have no experience whatsoever in the manufacturing sector, and the average U.S. company has no guidelines for how to establish a manufacturing base using the American labor pool.
Second, American labor expects a certain level of wage compensation as well as union organization that makes manufacturing far more expensive here than in China or in other parts of the world. The average factory worker in China makes around $3.60 per hour — how exactly would the American market ever compete with this? Tariff's alone are not enough to force corporations to spend the billions necessary to rebuild factories in the U.S. and hire American workers at $15+ an hour. It's just not going to happen.
Third, there are many places besides China to build a manufacturing base. No company is going to bring its factories to the U.S. when they can build in Vietnam, or Taiwan etc. In many cases, it is cheaper to ship raw materials and products to these countries, have them finished by workers in Asia and then have the items shipped back, than it is to build the product from start to finish in the U.S.
Fourth, we can talk all day about patriotism, but in the end the average American is not going to buy "Made in USA" for most goods out of a sense of patriotic duty if the price is twice as much. Walmart and Amazon dominate the retail market for a reason — they sell things cheap.
Fifth, raising tariffs on foreign exporters would only work to encourage consumption of domestically manufactured goods if the U.S. already had a large manufacturing base and produced all the items other nations produce. Entering into a trade war without a resilient manufacturing sector is backward. You don't fight a trade war to get manufacturing to come back, you fight a trade war to promote the goods you already manufacture.
If Trump had really intended to bring factories back to the U.S., he should have given corporations tax break incentives in exchange for creating manufacturing jobs on U.S. soil. Instead, he gave corporations tax break incentives for nothing.
The END of CNN is Coming...
Trump Derangement Syndrome is taking this once-proud news station down. Recent ratings show DOUBLE-digit decline AGAIN this year. They're down 15% in primetime alone!
If you want the TRUTH, the WHOLE truth, there IS a place you can still trust.
Click here to keep reading...
Fallacy #3: China will starve without American agricultural products
Uh, no. This is a very weird argument. It's as if some people assume that the U.S. is China's only potential source for food. China buys agricultural products from all over the world, and has alternative sources for foods like soybeans and pork, including Brazil, Mexico and Russia.
Prices will rise in China, sure, but nowhere near the point of collapse. Again, the Chinese are not reliant on the U.S. for anything, so, the idea that the U.S. has overt leverage in the trade war is simply not true.
Fallacy #4: The world will side with the U.S. over China
This is a prime question — would the world choose the U.S. consumer base or China's cheap export market if they had to pick only one? As noted earlier, the U.S. consumer is nearly tapped out. China has the largest import/export market in the world. The U.S. has little manufacturing to speak of. I also question the validity of the idea that Europe or most other nations have loyalty to American markets.
Think about it; do they? Do they see us as indispensable? Or is the rest of the world being sent on a path toward globalism while the U.S. is being made to look like a barbaric and archaic throwback, a Neanderthal man that is desperately clinging to power and is willing to drag down everyone else with him if he doesn't get his way?
Many in the liberty movement understand that this is not the case. We know that the globalists have sabotaged this country from within, and we know that they are using Trump as controlled opposition and a useful puppet in this task. But the majority of the rest of the world does not understand this. If there is an economic crash which sends shockwaves through multiple economies, the trade war will most likely be blamed along with Trump and his "populist" supporters. The rest of the world will see us as the villains, because they do not understand the nature of 4th Generation Warfare, nor do they understand the globalists strategy of "order out of chaos."
The narrative that has been pushed is that China is the victim of U.S. aggression, and that the trade war and the economic crisis are purely a product of Trump's madness. Who do you think the world will eventually side with?
Fallacy #5: The U.S. dollar is untouchable
This claim revolves mainly around the idea that because the U.S. dollar is the world reserve currency, the U.S. has the upper hand in trade negotiations and the rest of the world will follow the currency leader because there "is no other option." I disagree.
As Bank of England governor Mark Carney has openly admitted, the plan is to replace the dollar as the world reserve currency anyway. How? Why with a global cryptocurrency, of course, just as I warned about in my article 'The Globalist One World Currency Will Look A Lot Like Bitcoin.'
Carney's mention of Bitcoin and Facebook's Libra as models for this currency system seems to have confused some people. Carney did not say that Libra should be the next world reserve currency. He said that the next world reserve currency will look like Libra. But how do the elites plan to institute such a monetary system and force people to go along with a cashless society?
They need a massive crash event, and they need the U.S. dollar to go the way of the dodo. It seems rather convenient to me that China has been preparing for just such an event. While many analysts point out that China has generated intense amounts of debt over the past decade, they seem to forget that this was a requirement in order for China to attach the Yuan to the IMF's Special Drawing Rights basket, which is the foundation for a global currency mechanism. China has also been stockpiling vast amounts of gold. It's as if they know something the rest of us only suspect.
The trade war is the perfect catalyst for the collapse of the U.S. dollar that the globalists desire. While some people suggest that China's dumping of U.S. Treasurys is the "nuclear option" in the trade war, this is not quite true. The real nuclear option is for China to dump the U.S. dollar as the reserve trade mechanism and go to a basket of currencies, which the IMF will happily aid them with. As the largest exporter/importer in the world, China can drop the dollar and most of their trading partners will follow their lead. The U.S. economy would crumble in response, as the dollar is the only thread holding our system together.
This is the ugly truth behind the trade war. It is nothing more than a farce, a smoke and mirrors distraction leading up the dismantling of the U.S. dollar and paving the way for the globalist one world digital currency system. Whether or not the plan succeeds relies on ample resistance from people who see the danger ahead, but make no mistake, the globalists are not afraid of an economic rash or the decline of the dollar; they want these things to happen so they can establish even more centralized control.
To truth and knowledge,
Sep 4, 2019 16:33:12 #
You may enjoy this series and then again you may not this is verging on the science fiction area of life. I am posting page 3 for you and be aware that there is also a page on and a page two as well.
Revelations From the Underworld: Our Hidden History (Part 3)
Revelations From the Underworld: Our Hidden History (Part 3)
Sep 4, 2019 16:47:32 #
Sep 4, 2019 16:50:41 #
Rose42 wrote:
I’ve been reading about imminent economic collapse since Bush 1.
Rose42 are you reading that series of revelations from the underworld on OPP? These are posted by ziggy88 and they are very interesting.
Sep 4, 2019 17:08:34 #
bahmer wrote:
Rose42 are you reading that series of revelations from the underworld on OPP? These are posted by ziggy88 and they are very interesting.
Not yet but I will. Thanks
Sep 4, 2019 17:10:06 #
slatten49
Loc: Lake Whitney, Texas
Rose42 wrote:
I’ve been reading about imminent economic collapse since Bush 1.
I was hearing it from my Dad in 1960 'til his passing in 1991 of the Bush Sr. years.
Dad's pet peeve was FDR's beginning the end of the gold standard in 1933, and Nixon's put the finishing touches to it in 1971. To this day, for various reasons, the drums are continually beating for an economic collapse.
Sep 4, 2019 17:10:17 #
Rose42 wrote:
Not yet but I will. Thanks
You may want to invite Zemirah because of the nature of the articles she may have some interesting inputs as well.
Sep 4, 2019 22:04:44 #
slatten49 wrote:
I was hearing it from my Dad in 1960 'til his passing in 1991 of the Bush Sr. years. Dad's pet peeve was FDR's beginning the end of the gold standard in 1933, and Nixon's put the finishing touches to it in 1971.
To this day, for various reasons, the drums are continually beating for an economic collapse.
Dad's pet peeve was FDR's beginning the end of the gold standard in 1933, and Nixon's put the finishing touches to it in 1971. To this day, for various reasons, the drums are continually beating for an economic collapse.
The depression during the thirties was a real event.
Sep 4, 2019 22:10:45 #
bahmer wrote:
You may enjoy this series and then again you may not this is verging on the science fiction area of life. I am posting page 3 for you and be aware that there is also a page on and a page two as well.
Revelations From the Underworld: Our Hidden History (Part 3)
Revelations From the Underworld: Our Hidden History (Part 3)
I'm not so naive as to think what has been put together can't be undone.
Sep 4, 2019 22:21:48 #
slatten49
Loc: Lake Whitney, Texas
Richard Rowland wrote:
The depression during the thirties was a real event.
I doubt that anyone of sound mind would question that 'event' having happened. 
Sep 4, 2019 22:51:23 #
slatten49 wrote:
I was hearing it from my Dad in 1960 'til his passing in 1991 of the Bush Sr. years. Dad's pet peeve was FDR's beginning the end of the gold standard in 1933, and Nixon's put the finishing touches to it in 1971.
To this day, for various reasons, the drums are continually beating for an economic collapse.
Dad's pet peeve was FDR's beginning the end of the gold standard in 1933, and Nixon's put the finishing touches to it in 1971. To this day, for various reasons, the drums are continually beating for an economic collapse.
Its sure to happen again someday but its not something I’m going to waste time worrying about.
Sep 5, 2019 07:21:49 #
slatten49
Loc: Lake Whitney, Texas
Rose42 wrote:
Its sure to happen again someday but its not something I’m going to waste time worrying about.
I agree on both counts.
Sep 5, 2019 17:27:07 #
slatten49 wrote:
I was hearing it from my Dad in 1960 'til his passing in 1991 of the Bush Sr. years. Dad's pet peeve was FDR's beginning the end of the gold standard in 1933, and Nixon's put the finishing touches to it in 1971.
To this day, for various reasons, the drums are continually beating for an economic collapse.
Dad's pet peeve was FDR's beginning the end of the gold standard in 1933, and Nixon's put the finishing touches to it in 1971. To this day, for various reasons, the drums are continually beating for an economic collapse.
I've been getting 'alerts' from economics professors. Ones who predicted the last recession, but not the turnaround or anything since Gerald Ford was about to leave office.
If you want to reply, then register here. Registration is free and your account is created instantly, so you can post right away.