@stonebat

TA does not help much in such situation :-)

TA shuts 'em up ....every time

Nice Camera, BTW

Vitaly is absolutely right on every account. The only remedy for the rotten bourgeois economy is war. And since no other country but Russia and China (most likely Russia because only Russia has enough nuclear power to stop the Neonazi Democratic Dollar Empire), we are about to see something very dramatic in the near future. Problem is Russia and China are in many aspects vulnerable to the same capitalist illnesses we are discussing here. There is no USSR, no Lenin, no Stalin.... All we are left with is GH2.

>it just a bunch of individuals in bunkers

It looks like you already well prepared for future prosperity, made personal bunker :-)

Asia is also fun to watch:

http://au.finance.yahoo.com/intlindices?e=asia

Seoul Composite 1,718.44 -8.08%

Good document video:

Link: http://www.egaliteetreconciliation.fr/L-effondrement-Collapse-un-documentaire-incontournable-7661.html

@brianluce

It's scary..and very sad. How did it go so wrong? One would think that the very high proportion of fairly fundamental Christianity there would make for a more compassionate and more egalitarian society.

And as far as the resistance to higher tax rates...what political self-serving, vote buying bullshit. Personal tax rates in the USA are incredibly low compared to here in Australia...e.g if someone earns $37k here the 30 percent tax rate kicks in and eventually goes up to 45 percent ($180k). In the USA 30 percent doesn't START 'till about $170k...(and never goes over 35 percent) that's outrageous for the prosperity of the country...given it's Government's state of impoverishment!

@Roy_Batty

"There's no reason why the U.S. (or any other country) needs to borrow such huge amounts from the international banking class when they could, essentially, print their own money and stay within a budget."

Ha ha...this is great!

I remember my first trip to Cambodia in the 1980's when it was still struggling with a brutal civil war and a basket-case economy. I changed a couple hundred dollars at the airport and suddenly needed a bigger bag for the hyper-inflated funny money than I did for my cameras. That's what happens when you try to solve economic woes by ...printing more money.

@Skeptikal
>>>>>>>
It's scary..and very sad. How did it go so wrong? One would think that the very high proportion of fairly fundamental Christianity there would make for a more compassionate and more egalitarian society.
>>>>>>>>>

If you ask me, it has a lot to do with demographic shifts. Whites in the USA are slowly being bred out of existence. The Republicans know it and it shows up in their coded rhetoric about "Taking back America" and the Tea Partiers who not coincidentally are about 99.99% white. Whites have owned everything from the beginning so there's a sense of entitlement that it's "Our place" cuz "We pulled ourselves up by our bootstraps and built it" So this big backlash against the new Black President from an opposition party that's on the record as stating they're #1 agenda is defeating Obama. So all they do is obstruct. America is divided. The rhetoric keeps intensifying and probably something will crack eventually. America still can't get its mind around race and the "Self evident" truth that all men are created equal.

@Skep:
Tea Party for the most part, is the group formerly known as the Religious Right. They have historically concerned themselves with social issues like anti abortion, anti gay, and that evolution is a great lie and that the earth is 3000 years old. But the election of a Black President transformed the movement and they started waving The Constitution around and yacking about cutting spending and reducing taxes and taking America back. Their anger is palpable and though actually a relatively small group they're well financed by interest groups, it's not a grass roots movement, it's concocted. They've essentially taken control of their own party, which has control of the US congress. Again, when GWB was running up huge debts and financing wars and spending like a demon, the Tea Party didn't seem to mind. But GWB wasn't Black.

So... assuming I can't individually do anything about global collapse, is it good to buy gold? Or just dig a hole and hide until it gets better??!

And @brianluce +1 Always wondered what they were and assumed it was some sort of anti-British thing (based on the original one in Boston). Vaguely comforting to know they're just a bag of assorted nuts.

Calling Tea Party "Racists" and "Terrorists" shows the limited intelligence of those making the argument.

President Obama being disliked has little to do with him being "Black". That comes from your personal bias and prejudice. President Clinton faced MUCH tougher criticism. Obama is disliked because he is BOTH Stupid and Dangerous, when it comes to the overall economy.

How do I know? He was my State representative in Illinois, did nothing financially positive for Illinois, then became State Senator and did nothing again for Illinois, and then became President of the United States...

Per-capita debt in Illinois — including pension and retiree health care obligations — is 48th highest of the 50 states... nice track record! So by all measurable financial metrics, he is STUPID when it comes to fiscal matters.
So why expect him to be magically qualified to manage the financial affairs of the USA capitalist system when he had no positive track record?

Obama also does not care about the growth of the Private sector unless it politically benefits him directly. He only supports Government and Union growth since he's only been a Lawyer/Politician and not a Businessman, so he punishes and demonizes Private sector NO MATTER THE COST to Entire US Economy.

That's why he's so Dangerous...