Jonbummer Neutral Newbie March 7, 2009 Share March 7, 2009 got this from a fren... shld all these be 90% true then it is real real trouble esp if the world economy still has to depend on the ailing US for recovery it seems now the US economy is not only ailing, it's close to been dead.. thus, i seriously doubt now that if the economy will really recover this year, next or even in 2011. * See how the US Currency will start crashing and become worthless by FoxNews ======= * then there was this guy called Peter Schiff who had predicted the Sub-Prime collapse back in 2006. When you listen to what Peter Schiff have to say, you would realize that Obama's policies would only accelerate the downfall of the US Dollar. In no time, US will be a bankrupt nation. *Peter Schiff must watch video (best bit is at the tail end) ==> http://www.youtube.com/watch?v=eNVPKtVg4wk *Peter Schiff explains why Obama will fail ==> http://www.youtube.com/watch?v=QOVDqZEQk8E ↡ Advertisement Link to post Share on other sites More sharing options...
Onenightstd2 Neutral Newbie March 7, 2009 Share March 7, 2009 got this from a fren... shld all these be 90% true then it is real real trouble esp if the world economy still has to depend on the ailing US for recovery it seems now the US economy is not only ailing, it's close to been dead.. thus, i seriously doubt now that if the economy will really recover this year, next or even in 2011. * See how the US Currency will start crashing and become worthless by FoxNews ======= * then there was this guy called Peter Schiff who had predicted the Sub-Prime collapse back in 2006. When you listen to what Peter Schiff have to say, you would realize that Obama's policies would only accelerate the downfall of the US Dollar. In no time, US will be a bankrupt nation. *Peter Schiff must watch video (best bit is at the tail end) ==> http://www.youtube.com/watch?v=eNVPKtVg4wk *Peter Schiff explains why Obama will fail ==> http://www.youtube.com/watch?v=QOVDqZEQk8E All your above mentioned should have happen long ago, all these predictions Dr M, ex PM of Malaysia have said already, go to Chedet.com. to read more. Link to post Share on other sites More sharing options...
Onenightstd2 Neutral Newbie March 7, 2009 Share March 7, 2009 Basically US is already a bankrupt country long ago, what I do not understand is why still so many idiotic countries leaders still believe in US and keep loaning to them big time. Throwing away good money to crazy people. Link to post Share on other sites More sharing options...
Nkps 1st Gear March 7, 2009 Share March 7, 2009 All your above mentioned should have happen long ago, all these predictions Dr M, ex PM of Malaysia have said already, go to Chedet.com. to read more. u mean Dr M is better than Mr MM here in SG? Link to post Share on other sites More sharing options...
Kb27 Supersonic March 7, 2009 Share March 7, 2009 If Dr M is really good, he failed to foresee Soros attacking ringgit or pound. Everybody is good when his "prophecies" come true. When they're wrong 90% of the time, nobody knows. Link to post Share on other sites More sharing options...
Boyboy 1st Gear March 7, 2009 Share March 7, 2009 Basically US is already a bankrupt country long ago, what I do not understand is why still so many idiotic countries leaders still believe in US and keep loaning to them big time. Throwing away good money to crazy people. i thought so too. we are just trying to believe in this bubble. i see the whole US itself as a bigger bubble than the credit bubble (whose bursting is the cause of the current recession). Link to post Share on other sites More sharing options...
Friendstar Supercharged March 7, 2009 Share March 7, 2009 Basically US is already a bankrupt country long ago, what I do not understand is why still so many idiotic countries leaders still believe in US and keep loaning to them big time. Throwing away good money to crazy people. u never study finance. that's why u dun understand the importance of the USD. without US, there's no world economy. that's why americans like to chant, "The World economy, The US economy, OUR economy" Link to post Share on other sites More sharing options...
Zyrofillica 1st Gear March 7, 2009 Share March 7, 2009 so this is how the end of the world is going to come about? The end of US economy = end of world. in 2011 Link to post Share on other sites More sharing options...
Roborovskii 4th Gear March 7, 2009 Share March 7, 2009 Without the US the world economy will still go on, albeit a drastic change to find a new medium of exchange (which now is the USD). The huge bubble which was bought on by excessive consumption in the US will of course pop, bringing a prolonged period of recession/depression. It is this pain from the bubble burst that leaders are afraid of, as it will bring political instability to them; undermining their power. Link to post Share on other sites More sharing options...
Nkps 1st Gear March 7, 2009 Share March 7, 2009 If Dr M is really good, he failed to foresee Soros attacking ringgit or pound. Everybody is good when his "prophecies" come true. When they're wrong 90% of the time, nobody knows. no matter what i think M is better than MM as MM say SG got a strong foundation and will never go into recession.......... Link to post Share on other sites More sharing options...
Scion Turbocharged March 7, 2009 Share March 7, 2009 who wants some fat US chicks for maids? [sly] Link to post Share on other sites More sharing options...
Nkps 1st Gear March 7, 2009 Share March 7, 2009 who wants some fat US chicks for maids? [sly] i dun mind to have some slim US chicks for MATES Link to post Share on other sites More sharing options...
Jonbummer Neutral Newbie March 7, 2009 Author Share March 7, 2009 i dun have Fox News avail to me anywhere, i just got this from the internet, so u wld like to share why Fox News is so unreliable? or i'm of unsound mind from all these recessions? 'bankrupt' is perhaps the wrong choice to describe the US economy currently they can just keep on printing money to 'bid' themselves out of problems so technically, if u still have 'money' u are not really 'belly up' then again, the printing of dollar notes story is uncovered from Fox News and it may be falsehood after all? we still have to wonder then how did the US govt have so much $$$ which they keep on giving to large silly companies to ensue they dun fold up did some other countries lend it to the US govt? or is the printing machines in the Treasury Dept really working a lot of OT recently? anyway, my thot when i post this thread is that it's going to be more informative. i believed many of us may have different insights on this, so just share it. cheers Link to post Share on other sites More sharing options...
Arowana1 1st Gear March 7, 2009 Share March 7, 2009 If Dr M is really good, he failed to foresee Soros attacking ringgit or pound. Everybody is good when his "prophecies" come true. When they're wrong 90% of the time, nobody knows. u mean there is someone who saw it? dr m fixed it without imf. all done thru malaysia boleh spirit. back in 97, which country managed to get out by themselves? tis time round, even US need help from outside albeit discreetly. mm only knows how to mouth the obvious. btw, do u know who is a special advisor to citi? Link to post Share on other sites More sharing options...
Friendstar Supercharged March 7, 2009 Share March 7, 2009 Without the US the world economy will still go on, albeit a drastic change to find a new medium of exchange (which now is the USD). The huge bubble which was bought on by excessive consumption in the US will of course pop, bringing a prolonged period of recession/depression. It is this pain from the bubble burst that leaders are afraid of, as it will bring political instability to them; undermining their power. Yes u'r exactly right countries don't dare to risk any depression. Imagine the political instability etc. jobless rates... even war. Link to post Share on other sites More sharing options...
Twnll 1st Gear March 7, 2009 Share March 7, 2009 Hmmm... what if Iran starts the lead, start selling oil in Euros or some other currency instead of the USD? Link to post Share on other sites More sharing options...
Latka 1st Gear March 7, 2009 Share March 7, 2009 Basically US is already a bankrupt country long ago, what I do not understand is why still so many idiotic countries leaders still believe in US and keep loaning to them big time. Throwing away good money to crazy people. There was a school of thought that b`cos US has positioned itself as the biggest consumer nation, hence have the market demand for products fm other countries. As such, other countries keep loaning them money in order for US to keep buying from them. Quite silly but that`s the way the economy works after all. Link to post Share on other sites More sharing options...
Latka 1st Gear March 7, 2009 Share March 7, 2009 All your above mentioned should have happen long ago, all these predictions Dr M, ex PM of Malaysia have said already, go to Chedet.com. to read more. Maybe Dr M issued that statement after reading Robert Kiyosaki`s book? ↡ Advertisement Link to post Share on other sites More sharing options...
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