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Mon Apr 20, 2015, 09:13 PM

Thom Hartmann "The Crash of 2016"

This is an excellent description of the problems we face with historical perspective.
It lasts about an hour but well worth the time if you have it.

9 replies, 4405 views

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Reply Thom Hartmann "The Crash of 2016" (Original post)
zeemike Apr 2015 OP
BlueJazz Apr 2015 #1
Pharaoh Apr 2015 #2
zeemike Apr 2015 #3
Warpy Apr 2015 #4
zeemike Apr 2015 #6
captainarizona Apr 2015 #5
zeemike Apr 2015 #7
mrdmk Apr 2015 #8
zeemike Apr 2015 #9

Response to zeemike (Original post)

Mon Apr 20, 2015, 10:16 PM

1. That was wonderful. Thank you so much for posting.

 

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Response to zeemike (Original post)

Mon Apr 20, 2015, 10:27 PM

2. I watched it

 

did I miss where he said the economy will crash in 2016?

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Response to Pharaoh (Reply #2)

Mon Apr 20, 2015, 11:04 PM

3. Perhaps not.

But he explained how they hold off the crash as long as they can to pass it on, the part where Bush failed to hold it off until Obama got there, suggesting that it could happen again. The title was not mine but what was on Youtube.

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Response to zeemike (Original post)

Mon Apr 20, 2015, 11:33 PM

4. Wow, he's right on all counts

especially that the Republicans will try to engineer the crash in 2016. What they will end up doing since they are utterly inept and their puppet masters will be hurt the worst by the next crash (which will likely be the crumbling of the derivatives casino) is set the wheels in motion so that whoever gets stuck with the presidency in 2017 will face it in his first term.

The dollar amounts on that derivatives casino should scare the hell out of all of us because they will take everything we have with them when they evaporate into the thin air they always were. Those billionaires will be down to mere millions by the time the dust clears, a good thing because they will feel too impoverished to keep buying crooks in Congress.

Republicans have no choice in this since they've backed themselves into a corner and are governed entirely by spite against a Democratic president. Their masters will start having some second thoughts by early 2016 and they'll start pulling back a bit and that will delay the crash, but not by much.

While I would love to see one of their crashes dumped squarely into the lap of one of the corrupt bastards they keep putting into office, I know that bastard would have no clue what to do about any of it but scream about Democrats and the country will suffer more horribly than it should, the same way it did when Hoover got it dumped into his lap.

I don't know why people get so greedy and stupid every 60-80 years and let the thieves back in, I just know how it happens and what happens when they've been in there long enough. They've been in longer than usual this time because god. No god is going to save any of them from the consequences.

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Response to Warpy (Reply #4)

Tue Apr 21, 2015, 12:01 AM

6. Don't worry the 1% will not be hurt by a crash

It don't matter what the currency does they will own everything when the money dries up...and have millions of people with nothing willing to work for food.
What will happen to people with mortgages?...the banks will own their house and their land and they will be able to buy up that land still owned at fire sale prices.

I knew this woman whose father was a Wall Street investor at the crash of 29 who had the wisdom to see the crash coming and when it came he had cash and bought up something like 20,000 acres in the Ozarks for like 50 cents on the acre because people were poor and hungry...later he cut the timber off of it and made a lot of money and still owned the land.
And that can and probably will hapen again...only this time on a larger scale.
Many a farm was lost during the great depression...and some profited by it greatly.

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Response to zeemike (Original post)

Mon Apr 20, 2015, 11:56 PM

5. crash of 2016?

 

People predict crashes every year it helps sell books better then we muddle along in 2016. By the way if you have stocks and are worried. If you get financial radio and they have mo ansari listen to his show. If thom is right mo will let you know when to get out and he mostly keeps his politics out of the show unlike others.

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Response to captainarizona (Reply #5)

Tue Apr 21, 2015, 12:05 AM

7. I don't gamble in markets of any kind.

I leave that to those who think they can make a quick buck for no work at all.

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Response to zeemike (Original post)

Tue Apr 21, 2015, 06:07 PM

8. Much of what Tom Hartmann said in this book promotion is true


Hartmann was somewhat unclear about the 1972 Powell memo.


The following is the introduction and conclusion of the Lewis F. Powell, Jr. Memorandum with all of the sub-headings. The actual document is 34 pages long (too big to post here), thus there are links provided below to read or download. Tom Hartmann referred to this document as a turning point in 1972 and a road map to the change of political direction of this country.


CONFIDENTIAL MEMORANDUM

Attack on American Free Enterprise System

DATE: August 23, 1971
TO: Mr. Eugene B. Sydnor, Jr., Chairman, Education Committee, U.S. Chamber of Commerce
FROM: Lewis F. Powell, Jr.

This memorandum is submitted at your request as a basis for the discussion on August 24 with Mr. Booth (executive vice president) and others at the U.S. Chamber of Commerce. The purpose is to identify the problem, and suggest possible avenues of action for further consideration.


Dimensions of the Attack

Sources of the Attack

Tone of the Attack

The Apathy and Default of Business

Responsibility of Business Executives

Possible Role of the Chamber of Commerce

The Campus

What Can Be Done About the Campus

Staff of Scholars

Staff of Speakers

Speaker's Bureau

Evaluation of Textbooks

Equal Time on the Campus

Balancing of Faculties

Graduate Schools of Business

Secondary Education

What Can Be Done About the Public?

Television

Other Media

The Scholarly Journals

Books, Paperbacks and Pamphlets

Paid Advertisements

The Neglected Political Arena

Neglected Opportunity in the Courts

Neglected Stockholder Power

A More Aggressive Attitude

The Cost

Quality Control is Essential

Relationship to Freedom

Conclusion
It hardly need be said that the views expressed above are tentative and suggestive. The first step should be a thorough study. But this would be an exercise in futility unless the Board of Directors of the Chamber accepts the fundamental premise of this paper, namely, that business and the enterprise system are in deep trouble, and the hour is late.


Link: http://www.greenpeace.org/usa/en/campaigns/global-warming-and-energy/polluterwatch/The-Lewis-Powell-Memo/

Link: http://research.greenpeaceusa.org/?a=view&d=5971

Link: http://law2.wlu.edu/deptimages/Powell%20Archives/PowellMemorandumTypescript.pdf





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Response to mrdmk (Reply #8)

Tue Apr 21, 2015, 06:43 PM

9. Thanks that is a great addition to this thread.

I like most people I would guess only have a vague idea what it was about and I intend to read it...not that it will make much difference because it has already been implemented.

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