Is the world ending?

Dave!

The world economy seems to be going crazy these last few days I'm not one to follow economic news, but in the last few months there have been all sorts of institutions going bust, Northern Rock, Fannie Mae, Freddie Mac, AIG, Lehmann, about 30 airlines......

Can someone explain to a layperson what this could/will lead to, or how it might affect Ireland?

Cheers!

Danno

A world recession is on the horizon if things keep going the way they are, or if not a world one, then definately a Western World one. Its high time we got over our attachment to the USA and try and get off the Oil drip from the OPEC guys. We should be investing in home grown energy products, especially offshore ones. Another semi-state needs creation to persue green power/clean power.

justmehere

But not too worry - the LHC is due to start colliding protons this Wednesday which will create a black hole and suck the world into it.

That's one way of avoiding a recession.

g5fd6ow0hseima

Im so happy with all this economic turmoil, it might bring the Irish people down a peg or two.

Its great how the average joe has now realised how economically vulernable we are, and have been for the past few years.

Im hoping its recession 1929, and the government turns to focusing on social programs, and I can say 'thats what we deserve when a country like Ireland embraces capitalism'

but yeah, on a serious note, looking at the words of Max Kaiser - "It is only a doomsday scenario for America and Britain that have been living on borrowed money for generations."; I feel we really are in for a hard time in the coming years, I wonder how will our country actually cope without the large MNCs in bad shape, and worst of all, what will become of Irish materialism and all it brought with it?

suckslikeafox

*everybody together* "Its the end of world as we know it....."

estebancambias

i wish this was youtube and i could give you a thumbs down suckslikeafox. sorry but i just shook my head in disgust when i read that.

suckslikeafox

estebancambias wrote: »

i wish this was youtube and i could give you a thumbs down suckslikeafox. sorry but i just shook my head in disgust when i read that.

Not my proudest comedy moment il admit, but a bit harsh dont ya think

estebancambias

In hindsight.....no it wasn't.

nah to be honest when i read it i got a little shimmer in my eye....good work sucks...

leninbenjamin

Celia Obnoxious Income wrote: »

Im hoping its recession 1929, and the government turns to focusing on social programs, and I can say 'thats what we deserve when a country like Ireland embraces capitalism'

you mean the kind of socialism that nearly bankrupted the country and left us decades behind our European counterparts in terms of development while doing little to solve the problem of poverty?

wise up man. Dev's ideals are dead and thank f*ck for that.

damnyanks

Needless to say we are ****ed.

US is ****ed
UK is gonna be ****ed
Spain is ****ed
Ireland is ****ed

a lot of change is coming. It's going to be tough. I'd get rid of any debt you have ASAP.

derry

damnyanks wrote: »

snip...

US is ****ed
UK is gonna be ****ed
Spain is ****ed
Ireland is ****ed

Should read

US is ****ed

therefore

UK is gonna be ****ed
Spain is ****ed
Ireland is ****ed

Lets see out of the top 6 banks in the USA (all of them with funds that make Irealnd look like a fly on a dog ) now 3 have gone belly up two rescued and in deep crap and bought out cents on the dollar and one left to go under

All part of the policy of those at the top to take over all the wealth

example of section of the economy houses

First they own all the land and they sell of parts of it

Then they loan out money for hapless twots to buy houses and then collapse the economy when the time is right

Then as they own and control the money supply they can buy back half the house for pennies on the dollar

Now they own most all land back for cent on the dollar now with houses on it and they are still owed money from hapless twots who built or bought the houses and thye can collect rent from it or sell it later when they put the economy back up



The same Example applys to Industry and property and wealth generaly

The world for the poor has for many ended sooner than it would have
instead of the 40,000 a day each day to die from hunger from this Neo nazi killing machine called world free trade we can expect it to ramp up a lot more

The world for the 20% of the poverty living in ROI could ramp up to 50% or more even 75% which should ramp up the Irish poor killing machine qwhich is on a smaller scale called trollys in hospital and lack of welfare money

The world for the mega rich to squash and exterminate the poor world wide has ramped up:pac::pac::pac::pac:

As long as we go along with the capitalist killing machine expect the risk to be eaten alive from it


The world population is now 8 billion
The figures suggest that the world can support easily ten times that figure some 80 billion

Those who control the show want to reduce world population to 2 billion as they risk to lose control of the world financial systems with increasing population

So only one in four can be allowed to live in Ireland is the overall plan

Derry

damnyanks

thats an interesting theroy

mike65

Eh? The worlds population is 6.5 billion and will max out at about 8 billion (beyond that there is not enough fresh water or productive sustainable land to keep more of us alive).

Mike.

derry

damnyanks wrote: »

thats an interesting theroy

Thats what the hapless jews said to those who were leaving nazi germany saying if you stay they will kill you and 6 million jews ignored the signs


Now if your like me not in the top 25% of the Irish wealth system then things might be world is ending for those 75% if the plan from on high from force major gets put into full swing

Derry

derry

mike65 wrote: »

Eh? The worlds population is 6.5 billion and will max out at about 8 billion (beyond that there is not enough fresh water or productive sustainable land to keep more of us alive).

Mike.

Yep so you agree with the guys who are out to wipe you out

I been in countries and they count the population with aircraft flying over head every house has 4 people

BULL CRAP the world population is at least 20% more than they say

The Neo nazi want you to belive that resouces are running out so you wil help to ramp up the killing machine that kills 40,000 a day from slow starvation

when they finished killing off the poorer world then they will turn on you

you have been informed so you cant say in the futur I was only following orders to deprive poor Irish of social welfare or throw tehm out of ROI like we did in the 1940's to 1990S neo fachist campain to export hapless poor Irish

Derry

eamonnm79

Derry Are you jim Corr?

I think the situation is extreemly grim, but I think we got here out of a mixture of politicians making economic decissions and greed, but I would like to know your source for the exterminate 3/4 of the population theory.

mike65

Scary isn't he?

Mike

mickos

eamonnm79 wrote: »

Derry Are you jim Corr?

.

My thoughts exactly on reading his comments.
I've been reading a lot of stuff of late saying how the powers that be are destroying our economy and some of it is very believable but you'd just have to think people can't possibly have so little regard for the future. Can they?

Belfast

derry wrote: »

Thats what the hapless jews said to those who were leaving nazi germany saying if you stay they will kill you and 6 million jews ignored the signs Derry

Even if most Jews accepted that the Nazis were going to Kill them all( not an easy idea to get your head around before the fact), there we not any countries will to take in 6 million Jews of penny less Jews at the time.

Belfast

Dave! wrote: »

The world economy seems to be going crazy these last few days I'm not one to follow economic news, but in the last few months there have been all sorts of institutions going bust, Northern Rock, Fannie Mae, Freddie Mac, AIG, Lehmann, about 30 airlines......

Can someone explain to a layperson what this could/will lead to, or how it might affect Ireland?

Cheers!

High unemployment possibly 18% to 20%

High inflation at least as high as the 1980s if not higher.

Wage freezes.

Big cuts in state spending and increased borrowing.

Decrease in the price of housing.

The only question is will it be like the 1980s or the 1930s.

It depends on what polices the US an other governments adopt.
if they repeat the polices of the 1930s the out come will be similar.

leninbenjamin

Derry, the conspiracy theories forum is that way.

Fratton Fred

Is the world ending? No.

Is the world as we know it ending? well, if you have a mortgage that is way way way above that which your income can justify, if you have a car loan for a 4x4 that you can hardly afford to fill up and you pay for your weekly groceries on a credit card, which you only pay the minimum off each month, then yes, it is the end of the world as you know it.

People's wealth should be measured on what they own, what they earn and what they save. Not how much they can borrow from a bank.

SimpleSam06

The main thing I'm worried about is stagflation - no faster way to wipe out your middle class, and then its only a hop skip and a jump to corporate feudalism.

nesf

Eh so the independent highly leveraged investment bank model turns out to be a risky affair... Who'd a thunk it.

derry

Sometimes when i go to the bog the bottom falls out of my world
or maybe it is the world falls out of my bottom

But these news reports hourly economies world wide going down the tube with large reputable banks acting like wreckless maniacs

even I dont make up that srap

I am more like your reality check

This is big crap and weather this is the first swing of a long path downwards or the final swing I don't know but the target the force major are aiming for is ~2 billion so sooner or later they look to aim for this target

I am to old to really care at this stage so I just pass on that's what I see coming down the track

Anyway I didn't start the thread

Anyway look on the bright side if its only 18% unemployment and rerun of the eighties crap then it's survivable event for 82% of the population with 18% at severe risk from deportation depending the regime in power through that period
Or it might be a whole lot worse than that
Which way it goes is dependent on the force major and sure is not me as I am just another survivor of the the last few irish government regimes


Derry

leninbenjamin

derry wrote: »

This is big crap and weather this is the first swing of a long path downwards or the final swing I don't know but the target the force major are aiming for is ~2 billion so sooner or later they look to aim for this target

interesting hypothesis, but tell me who is this major force you're on about? the Illuminati? the Knights of Templar? the Aqua Teen Hunger Force?

derry

leninbenjamin wrote: »

Derry, the conspiracy theories forum is that way.

oh you mean this

http://www.boards.ie/vbulletin/showpost.php?p=57276486&postcount=15

coming from that thread

http://www.boards.ie/vbulletin/showthread.php?p=57276486#post57276486

but the way the worlds going the lines in the forums are getting blurred when the thread starts for economics is
"all is Kaput the end is nigh "

so I came back to say told you so but you never visit those forums all stuck up on how your shares are going up

Well now the shares are going down the toilet faster than the bottom falls out my world

Derry

SimpleSam06

leninbenjamin wrote: »

interesting hypothesis, but tell me who is this major force you're on about? the Illuminati? the Knights of Templar? the Aqua Teen Hunger Force?

Possibly hes talking about force majeure, a legal term that means basically "act of god"?

derry

leninbenjamin wrote: »

interesting hypothesis, but tell me who is this major force you're on about? the Illuminati? the Knights of Templar? the Aqua Teen Hunger Force?

Take your pick and others to boot

Its estimated that 10,000 people decide everything so one of these 10,000 controls 1,000,000 peoples future so 4 people decide ROI future and your future unless your one of those four who decides that future

What you can see the foot prints they leave with selections and influence of university proffessors who are pro population control and leaning right wing
Their choice of who pulls the major economic strings

Their choice of barbaric capitalizm methods in third world which destroys populations and polutes huge regions and then blame the locals for it when it was really the policy they inflicted on the victims

If you open your eyes you will see the spreaders of these evil anti human thoughts and see how they control the media to fool you

Remember GoBalls said tell a lie enoeugh times and when you control all the media the lie becomes the truth and a fact


So who been telling you work hard buy a house the money safe as houses in bricks and mortar


Remember the average Germn in Nazi Germany thought that he was on the winning side and that the Germans were the good guys and the rest were the bad guys

Hitler got all his super race ideas from top universities of the time
Hitler was destroyed but the university bad ideas changed a tad and invented overpopulation and other bad ideas

The force major influences who comes to the top in white mans universities and banks and everything important so if they want to they find another fall guy jumped up two bit army coperal like Hitler and make mayhem to suit their purposes

If you can accept that you might be part of the evil forces spreading the evil , and might even be one of the bad guys, and not the goodie two shoes you always thought you were ,
Then your half way there to seeing how the system is warped to kill 40,000 a day world wide and could contribute solutions to turn the killing machine off

Derry

drunkmonkey

I think the world has hardly begun let alone ending...pity i'll be dead before the really good times come...

I hope our Goverment get's it together and starts really winning in foreign investment at a much accelerated rate......this might involve a tiff with the EU but at the end of the day it's all about TU Fein Is Me Fein not Leck mir den Arsch fein recht schön sauber Europeans...

The housing market is fooked but that needs to happen, the goverment should have never let it get out of control in such a manner, it was reckless managing of our Economy....

If we can cut down the price and increace the availibility of fuel, drink, cigs and Houses we will have an attractive place to live even if a few of us are unemployed....

I just hope with all this unemployment people will start going to the pub again...for towns and villages all over Ireland the world as they know it has already ended...The sense of community is shatterd and gone to live in the new estate out the road...

Danno

Alot of truth in what you say drunkenmonkey. I remember in the late 80s and early 90s the pubs were teeming with custom in these rural parts with the bhoys on the dole and getting a few cash-in-handers on the side to get the few pints in.

Good days them were! Everybody went to the local hurling matches, kids played on the streets, everybody helped with the tidy towns competitions etc... Community was evident everywhere.

However, with the pint hittin €4 a pop now I doubt the pubs will ever be the same again especially with the cheap cans in the offys. People are riddled with mortgages and are working overtime, commuting more so the community is fooked.