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Listen up folks: I have been watching reports and stories that are being ignored by the mainstream media, like this:

http://www.telegraph.co.uk/finance/comment/ambroseevans_prit...

Pay attention. If you start saving the money you are using to buy games, you might be in a better position to survive if things begin to unravel on a world scale. There are serious economic indicators that there is a coming instability that is unprecedented in any of our lifetimes. Socialists are excited that Capitalism itself may soon begin to crumble into political and social strife.

Read this if you don't believe me:

http://www.wsws.org/articles/2008/feb2008/nbe2-f01.shtml

I'm not saying we should all stop buying games and start developing a survival plan or stockpiling water and food. But then again, I already have a plan, and I'm not telling anybody about it.

Know this: if China is increasing its gold supply, it can only do that by calling in its debts, and the U.S. can only pay back China by borrowing from...who? There is a set of dominos set to fall, and if that happens, all those games on your shelves will either end up as fire starters or food, and I hate chewing cardboard.

Seriously, put your collector impulses on hold for a second and look around at what is going on. Watch what the folks who know are doing. Take careful steps to protect yourself and your family. If the stock market crashes now, we will be in worse shape than those who survived the Great Depression when it began.

Buy a gun. Move to the country. Move out of the country. Whatever.

If you think I'm kidding, or crazy, ask yourself: Why would the Pentagon really increase active duty combat troop levels in the U.S. by 20,000 in 2009??

http://www.washingtonpost.com/wp-dyn/content/article/2008/11...


Good luck.
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bookgnome wrote:
Know this: if China is increasing its gold supply, it can only do that by calling in its debts, and the U.S. can only pay back China by borrowing from...who? There is a set of dominos set to fall, and if that happens, all those games on your shelves will either end up as fire starters or food, and I hate chewing cardboard.
If China were to call in its debts, the US wouldn't be able to pay and would go bankrupt on a huge, huge scale. This would be catastrophic to everybody, including the Chinese (how would they ever get their money back once that happens? Who would buy their electronics?)

I'm not saying things won't get worse. Just that China wouldn't be dumb enough to force one of their biggest trading partners into bankruptcy.
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bookgnome wrote:
Listen up folks: I have been watching reports and stories that are being ignored by the mainstream media, like this:

http://www.telegraph.co.uk/finance/comment/ambroseevans_prit...

Pay attention. If you start saving the money you are using to buy games, you might be in a better position to survive if things begin to unravel on a world scale. There are serious economic indicators that there is a coming instability that is unprecedented in any of our lifetimes. Socialists are excited that Capitalism itself may soon begin to crumble into political and social strife.


Pish! A bunch of sectors are going to be in pretty bad shape and the banking sector won't come back in its pre-crash unregulated glory (ahem) in our lifetimes, but the only people claiming that communists are coming to get us all are Americans who believe that all of Europe went that way years ago.

Quote:

Know this: if China is increasing its gold supply, it can only do that by calling in its debts, and the U.S. can only pay back China by borrowing from...who? There is a set of dominos set to fall, and if that happens, all those games on your shelves will either end up as fire starters or food, and I hate chewing cardboard.


What would this mechanism for 'calling in debts' be exactly? I know it's popular scare phrase when non-experts are talking about international economics, but it's not a terribly useful ones. If the debts get serviced at the contractually required levels, no problem.

Quote:

Buy a gun. Move to the country. Move out of the country. Whatever.

Good solution. What could possibly go wrong if we arm the people you're trying to panic.

Quote:

If you think I'm kidding, or crazy, ask yourself: Why would the Pentagon really increase active duty combat troop levels in the U.S. by 20,000 in 2009??

Because you're already struggling to maintain troop levels in your current two unwinnable wars and your government wants to start a third? Surely this isn't rocket science?

B>
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bookgnome wrote:
Listen up folks: I have been watching reports and stories that are being ignored by the mainstream media, like this:

http://www.telegraph.co.uk/finance/comment/ambroseevans_prit...

When I think of underground, far-from-mainstream media, the very first thing that comes to mind is the Telegraph.

But I do agree that everyone not buying things (well, except guns) any more is a nifty way to crash an economy.
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IMO, this is a good source of information on this kind of thing:
http://www.richardmaybury.com/

And yet, I'm an ostrich, I guess. blush I'll probably be looking for a good game to play while waiting in the soup line.

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Save more money and use it to buy more Toyota cars you selfish Americans. Why should I suffer because you'd rather play boardgames??
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That's some concentrated paranoid crazy right there.
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The sky is falling!!

But seriously, how can you panic about these things? There's not much you can do really.
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thepackrat wrote:

Quote:

Know this: if China is increasing its gold supply, it can only do that by calling in its debts, and the U.S. can only pay back China by borrowing from...who? There is a set of dominos set to fall, and if that happens, all those games on your shelves will either end up as fire starters or food, and I hate chewing cardboard.


What would this mechanism for 'calling in debts' be exactly? I know it's popular scare phrase when non-experts are talking about international economics, but it's not a terribly useful ones. If the debts get serviced at the contractually required levels, no problem.


No problem? I don't know about that. Sure, the debt is being serviced at the contractually required levels now, but as I understand it, that debt service (along with a sizable portion of the federal budget) is being financed with new debt. If a significant buyer like China decides all of a sudden to stop buying U.S. debt, I don't see how the U.S. will be able to meet its debt service requirements.
 
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Phrim wrote:
thepackrat wrote:

Quote:

Know this: if China is increasing its gold supply, it can only do that by calling in its debts, and the U.S. can only pay back China by borrowing from...who? There is a set of dominos set to fall, and if that happens, all those games on your shelves will either end up as fire starters or food, and I hate chewing cardboard.


What would this mechanism for 'calling in debts' be exactly? I know it's popular scare phrase when non-experts are talking about international economics, but it's not a terribly useful ones. If the debts get serviced at the contractually required levels, no problem.


No problem? I don't know about that. Sure, the debt is being serviced at the contractually required levels now, but as I understand it, that debt service (along with a sizable portion of the federal budget) is being financed with new debt. If a significant buyer like China decides all of a sudden to stop buying U.S. debt, I don't see how the U.S. will be able to meet its debt service requirements.


Raise taxes?
 
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bookgnome wrote:
Socialists are excited that Capitalism itself may soon begin to crumble into political and social strife.



We are not living in a true capitalist system. It's a hybrid. If we were living in a true capitalist system (aka free unregulated market system) we wouldn't be having all these problems.
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bookgnome wrote:
But then again, I already have a plan, and I'm not telling anybody about it.


I will share my plan:



Bring it on China
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Phrim wrote:
thepackrat wrote:

Quote:

Know this: if China is increasing its gold supply, it can only do that by calling in its debts, and the U.S. can only pay back China by borrowing from...who? There is a set of dominos set to fall, and if that happens, all those games on your shelves will either end up as fire starters or food, and I hate chewing cardboard.


What would this mechanism for 'calling in debts' be exactly? I know it's popular scare phrase when non-experts are talking about international economics, but it's not a terribly useful ones. If the debts get serviced at the contractually required levels, no problem.


No problem? I don't know about that. Sure, the debt is being serviced at the contractually required levels now, but as I understand it, that debt service (along with a sizable portion of the federal budget) is being financed with new debt. If a significant buyer like China decides all of a sudden to stop buying U.S. debt, I don't see how the U.S. will be able to meet its debt service requirements.


I suppose the point is that the US and China are joined at the hip on this. China would be shooting themselves in the foot if they did anything to damage the US economy. It is in China's best interest to see the US continue to be economically successful, since they are the biggest beneficiary of our success through the purchase of Chinese manufactured goods.
 
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Bruce Murphy
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desertfox2004 wrote:

I suppose the point is that the US and China are joined at the hip on this. China would be shooting themselves in the foot if they did anything to damage the US economy. It is in China's best interest to see the US continue to be economically successful, since they are the biggest beneficiary of our success through the purchase of Chinese manufactured goods.


Actually, they've been the biggest beneficiaries of the collapse of your local manufacturing. Keeping the US depressed enough to destroy the last few would be a significant advantage.

B>
 
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Phrim wrote:
thepackrat wrote:

What would this mechanism for 'calling in debts' be exactly? I know it's popular scare phrase when non-experts are talking about international economics, but it's not a terribly useful ones. If the debts get serviced at the contractually required levels, no problem.


No problem? I don't know about that. Sure, the debt is being serviced at the contractually required levels now, but as I understand it, that debt service (along with a sizable portion of the federal budget) is being financed with new debt. If a significant buyer like China decides all of a sudden to stop buying U.S. debt, I don't see how the U.S. will be able to meet its debt service requirements.


Debts in US dollars. You get to print those. Eventually you'll devalue your currency, but that won't be a sudden process. Financing debt isn't really a problem right now, since US government debt is considered more safe (by practically everyone) than virtually everything else out there, but the traditional model of using debt to cover budget deficits is only important when you're worried about inflation. Where debt you can't overcome mostly comes from is the balance of trade which a depressed economy is unlikely to worsen.

B>
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It seems someone was listening to the nutjob on Coast to Coast last night who thinks the Illuminati is behind the whole thing...

Fnord!
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stormseeker75 wrote:
The sky is falling!!
...


That explains his pointy red hat. You know, for safety.

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monteslu wrote:
stormseeker75 wrote:
The sky is falling!!
...


That explains his pointy red hat. You know, for safety.


(LOL!)

okayguysifyoudontbelievemejustwatchthefollowingvideostheyexplainitall

























GOTCHA!



...THIS SILLY THREAD BROUGHT TO YOU BY THE BOOKGNOME, SPECIALIST IN GENERATING FRUITLESS POLITICAL DEBATES FOR PERSONAL AMUSEMENT...BY THE WAY THANKS FOR THE FOIL HAT TIP, I HAD NOT EVEN THOUGHT ABOUT ADDING ANTENNAE TO MINE!!!!!!
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bookgnome wrote:


GOTCHA!



...THIS SILLY THREAD BROUGHT TO YOU BY THE BOOKGNOME, SPECIALIST IN GENERATING FRUITLESS POLITICAL DEBATES FOR PERSONAL AMUSEMENT...BY THE WAY THANKS FOR THE FOIL HAT TIP, I HAD NOT EVEN THOUGHT ABOUT ADDING ANTENNAE TO MINE!!!!!!


I find most trolling is just the odd racist, sexist, or political comment. But this one came complete with links and from a long time patron, no less.

Bravo, sir.
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Guess what. I actually have been reading things like the articles in the original post popping up, and with more frequency. Glenn Beck, the conservative satirist, points these things out, and recently claimed a caller told him he saved him $300,000 by advising him to get out of the stock market before the failure of several major banks in September. He fancies himself a canary in a coal mine, and while he is funny and sometimes stupid and inflammatory at various times, it makes you wonder.

My original post was sort of not really trolling but just a "run-it-up-the-flag-pole and-see-who-salutes" kind of thing. We all come from different countries and economic ideologies, but as a former journalist the current global market situation seems like something any serious person should keep an eye on, at least.

I actually quit my job to start my own business at the beginning of October. I'm not sure that was the safest decision in the current situation, but I'm glad I did and am looking forward to the next quarter as a time of really good economic possibilities for me and my family personally. I still buy games, although not as often now. I still don't have Agricola, although I'm hoping for a sale after Christmas. Right now I'm silly over the WoW Minis, so I hope that doesn't become a problem.

As far as planning for the future, my wife and I agreed to get rid of our credit cards and just use our debit cards or cash to make purchases. We did take out a loan for my business equipment, but that will be written off our taxes so we're not too worried about it.

I think it's just interesting that a hobby like boardgames, while providing so many opportunities for inexpensive social fun, has within it an inherent temptation towards rampant indulgence and compulsive consumerism. Sorry if I offended anyone with the tongue-in-cheek, rabid squirrels-behind-the-eyes original post; but, do take time to read those articles and reflect on the big picture. I'd really like to know what other folks think about how the global economies might interact in the coming year. :-)
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I was wondering when this thread was gonna show up, here. Welcome to the dungeon, suckers!
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To the OP, as regulars in RSP might surmise, I agree with it and can't scent a whiff of tinfoil-hatted craziness, let alone trolling. We're heading for rough waters, and suggesting that we curb unnecessary consumption sounds prudent, not paranoid.
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bookgnome wrote:
my wife and I agreed to get rid of our credit cards and just use our debit cards or cash to make purchases.


In all seriousness, credit cards themselves are not evil, just overspending with them is. Unless you or wife cannot handle the tempation I suggest having one good credit card that has a rewards program-- mine has a flat 1% cash back. I don't have to get gift-certificates, I just get actual cash. I buy everything through that card, pay it off each month, and then get a check for around $200-$300 dollars each January. Also, most credit cards these days have fraud-protection and merchandice guarantees and such which give you an extra layer of protection when buying stuff out in the scam-filled real world.


Oh, and congrats on starting your own business. I'm jealous (unless of course you fail miserably )
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BoB3K wrote:
bookgnome wrote:
my wife and I agreed to get rid of our credit cards and just use our debit cards or cash to make purchases.


In all seriousness, credit cards themselves are not evil, just overspending with them is. Unless you or wife cannot handle the tempation I suggest having one good credit card that has a rewards program-- mine has a flat 1% cash back. I don't have to get gift-certificates, I just get actual cash. I buy everything through that card, pay it off each month, and then get a check for around $200-$300 dollars each January. Also, most credit cards these days have fraud-protection and merchandice guarantees and such which give you an extra layer of protection when buying stuff out in the scam-filled real world.


Oh, and congrats on starting your own business. I'm jealous (unless of course you fail miserably )


Thanks! Good point. My business is web video production. I'm turning ten years of TV videojournalism into a paying gig. I produce videos for businesses' websites, including non-profits, real estate, corporations, and small business. I'm also training for several other types of fairly lucrative video production opportunities. I shoot with a prosumer camera directly to a hard drive recorder and edit on a souped-up laptop: very portable, very efficient. I have work booked through next May. I charge plumber rates. So far, so good.
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