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Sun Jan 22, 2017, 04:00 PM

 

Should we embrace a coming economic collapse?

Because it's almost a given we're overdue for one of those periodic capital market corrections like 2009. Even Trump's minions are worried about this.

And since in the last one --
No one from Wall Street went to jail
The Republicans launched the Tea Party to capitalize on it and put the blame on Obama when it was Bush and his ilk's fault
The Republicans are still attacking even the weak responses like Dodd-Frank with a goal to eradicate them...

what happens when THE FIRE NEXT TIME hits? (just saw an ad for the Baldwin film opening in Feb)

will it be 1932 again?
will there be an FDR emerging?

will the Tea Party protesters finally see the wolves in sheep's clothing? Will they go along with another bailout?
Will Dem's cave enough to give them bi-partisan cover or will they have b*lls enough to make the Republicans own it?


or will things turn even darker like Germany in 1933?

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Arrow 12 replies Author Time Post
Reply Should we embrace a coming economic collapse? (Original post)
bagelsforbreakfast Jan 2017 OP
Wellstone ruled Jan 2017 #1
roamer65 Jan 2017 #4
Igel Jan 2017 #9
jimlup Jan 2017 #2
Turbineguy Jan 2017 #3
Wellstone ruled Jan 2017 #7
loyalsister Jan 2017 #5
Wellstone ruled Jan 2017 #11
PoindexterOglethorpe Jan 2017 #6
bagelsforbreakfast Jan 2017 #8
PoindexterOglethorpe Jan 2017 #12
Ron Green Jan 2017 #10

Response to bagelsforbreakfast (Original post)

Sun Jan 22, 2017, 04:05 PM

1. Key to any sell off

 

is,watch the Asian Markets. When will Japan and then China start to dump US treasuries.
This is the DU member formerly known as Wellstone ruled.

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Response to Wellstone ruled (Reply #1)

Sun Jan 22, 2017, 04:37 PM

4. We will soak them all up with QE.

The end result will be a bit delayed, double digit inflation.

What will kill China is that they either ride out the inflation with us, or finally break the currency peg to the dollar. If they break it, prices skyrocket here in the US and their economy goes into the shitter.

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Response to Wellstone ruled (Reply #1)

Sun Jan 22, 2017, 05:27 PM

9. Japan's holding pretty steady.

Nov. '15 to Nov '16 China dumped over $200 billion, about 1/6 of their holdings.

http://ticdata.treasury.gov/Publish/mfh.txt

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Response to bagelsforbreakfast (Original post)

Sun Jan 22, 2017, 04:19 PM

2. I believe that you are correct but...

I think there is going to be an irrational boom before the next crash. Further, the crash will be very serious. Maybe even threatening the existence of the nation.

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Response to bagelsforbreakfast (Original post)

Sun Jan 22, 2017, 04:35 PM

3. I've thought about this a lot.

Actually the economy is in pretty good shape. Bank reserves are better. And it took over 5 years for the banksters to work up a plan after Glass-Steagal repeal. And then the bubble lasted for a few years.

The GOP would have to change the rules in order to have a collapse.

Yes, the GOP usually deliver at least a recession or a depression if they can manage it, but for the foreseeable future we're probably OK.

Also, I think Trump actually knows more about economics than most GOPers who are driven more by ideology. advanced polymers and magic smoke. Trump must have learned something going bankrupt so many times.

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Response to Turbineguy (Reply #3)

Sun Jan 22, 2017, 04:49 PM

7. Any threat to

 

Export and Import part of our Economy will wipe out eight years of gains. Banks do have reserves and in saying that,they are only going to use it to stay solvent and not put it to work in shaky Politicized Market. If you doubt, read comments by Larry Summers and others who know the inner workings of these Bankers.

Trump and his stooges only know rear view mirror economics and we live in a Global Economy,if China sneezes we now get catch the cold.
This is the DU member formerly known as Wellstone ruled.

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Response to bagelsforbreakfast (Original post)

Sun Jan 22, 2017, 04:39 PM

5. Embrace?

As in, cheer while people lose their savings, homes, employment, opportunities...?
Just prepare for the liklihood and be happy to have a winning issue?

Seriously what do you mean by embrace?

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Response to loyalsister (Reply #5)

Sun Jan 22, 2017, 05:34 PM

11. Sorry to say,

 

this is what the Wall Street Bankers are going to do.

Said before,this was a Corporate Coup to finally divide the Nation into two classes the haves and the indentured servants.

All had to do to see this was,listen to the Davos Interviews most were not favorable to you or I.
This is the DU member formerly known as Wellstone ruled.

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Response to bagelsforbreakfast (Original post)

Sun Jan 22, 2017, 04:44 PM

6. Embrace?

Embrace losing my home? My Social Security and Medicare?

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Response to PoindexterOglethorpe (Reply #6)

Sun Jan 22, 2017, 04:51 PM

8. you're going to lose it anyway...

 

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Response to bagelsforbreakfast (Reply #8)

Sun Jan 22, 2017, 06:21 PM

12. I won't embrace it.

I may live with those things and adjust my life, but I won't embrace such travesties.

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