What's the next crisis?

  • Posted by a hidden member.
    Log in to view his profile

    Mar 02, 2009 11:12 PM GMT
    What will be our next crisis after this economic mess....or along with it?

    I think it will be the national debt. I can see that there could be a time rushing upon us when our ability to borrow fails and we are screwed ....or wake up owned and directly by others.
  • Posted by a hidden member.
    Log in to view his profile

    Mar 02, 2009 11:40 PM GMT
    Caslon5billion saidWhat will be our next crisis after this economic mess....or along with it?

    I think it will be the national debt. I can see that there could be a time rushing upon us when our ability to borrow fails and we are screwed ....or wake up owned and directly by others.


    The national debt will be a huge problem late in the next decade as the baby boomers start putting tremendous strain on the entitlement programs (and yes even the baby boomers are going to get old and feeble, I can just picture Grace Slick as an 80 year old (shudder)).

    From what I can gather from reading the business websites and the "Economist" magazine, some of the big fears are deflation or a significant depreciation of the US dollar. Another worry is that many of the big pension plans are now in tatters (I think it is the state of Illinois's pension plan that is only funded for 64% of its' future liabiliities). Government pension plans for its' workers will have to be buoyed up by tax increases, or re-vamped, or both.

    First of all we have to get through the current crises before we start worrying about the next one. Now I think I will have a rum and coke to relieve my depression. icon_sad.gif
  • Posted by a hidden member.
    Log in to view his profile

    Mar 02, 2009 11:47 PM GMT
    If I was going to be pessimistic....

    Ten year bear market causing increasing tensions with China.
  • Posted by a hidden member.
    Log in to view his profile

    Mar 03, 2009 12:09 AM GMT
    jprichva saidA world-wide shortage of hair product.


    Don't even joke about that!

    I've been stockpiling L'oeral for months just in case...
  • Posted by a hidden member.
    Log in to view his profile

    Mar 03, 2009 12:12 AM GMT
    SurrealLife said First of all we have to get through the current crises before we start worrying about the next one.


    As the OP points out, the chosen method of dealing with the present crisis hugely adds to the national debt and seamlessly leads into the next crisis. Luckily if there's deflation your drink will cost less.
  • Posted by a hidden member.
    Log in to view his profile

    Mar 03, 2009 12:20 AM GMT
    Caslon5billion said

    I think it will be the national debt. I can see that there could be a time rushing upon us when our ability to borrow fails and we are screwed ....or wake up owned and directly by others.


    That's the one!

    oh that... and world war.
    US/West/NATO countries/Europe vs. Russia/China/CSTO/SCO
    - likely started in the Middle East - possibly an Israel vs. Iran scenario


    but world war will be the solution out of depression... sound familiar?
  • Sebastian18

    Posts: 255

    Mar 03, 2009 12:21 AM GMT
    I'm hoping for zombie apocalypse. I've been storing ammunition for far too long for this not to become a reality.
  • Posted by a hidden member.
    Log in to view his profile

    Mar 03, 2009 12:25 AM GMT
    Sebastian18 saidI'm hoping for zombie apocalypse. I've been storing ammunition for far too long for this not to become a reality.

    Beware!!!

    funny pictures of cats with captions
  • Posted by a hidden member.
    Log in to view his profile

    Mar 03, 2009 12:35 AM GMT
    Don't forget that ominous Joe Biden prediction.

    2004261072683939226_rs.jpg
  • Posted by a hidden member.
    Log in to view his profile

    Mar 03, 2009 1:04 AM GMT

    I wonder if we might find ourselves playing England's role in the Suez Crisis with China playing the US role and the stage being China re-taking physical possession of Taiwan.

    So China announces its intention to take over Taiwan. Taiwan calls for US aid. China tells the US that lifting a finger to help Taiwan means no more Chinese finance of our deficit.

    Either way we lose: without Chinese recycling dollars, the economic problems we are having now would look like a picnic. If we cave to Chinese demands, then US credibility as a protector of the status quo in Asia and elsewhere is finished and China is well on its way to eclipsing the US as the US did the UK from the 1950's.
  • Posted by a hidden member.
    Log in to view his profile

    Mar 03, 2009 1:09 AM GMT
    The rapture followed by the Antichrist coming to power. Remember, he is supposed to be a slick sounding guy who uses rhetoric to draw the world to him all while talking about peace. Sound familiar?



    Obama.jpg




    KIDDING!


    This Onion newscast captured my existence the day after the election...

    [url]
    Obama Win Causes Obsessive Supporters To Realize How Empty Their Lives Are[/url]
  • UncleverName

    Posts: 741

    Mar 03, 2009 1:36 AM GMT
    Sebastian18 saidI'm hoping for zombie apocalypse. I've been storing ammunition for far too long for this not to become a reality.


    Man, that would be so much more exciting and interesting than another World War. I mean, did you see Night of the Living Dead? I would love to be holed up in a mall, eating crap from vending machines, and going into the back closet of the sports store alone, even though I know there are zombie's around. So cool!
  • Posted by a hidden member.
    Log in to view his profile

    Mar 03, 2009 1:38 AM GMT
    UncleverName said
    Sebastian18 saidI'm hoping for zombie apocalypse. I've been storing ammunition for far too long for this not to become a reality.


    Man, that would be so much more exciting and interesting than another World War. I mean, did you see Night of the Living Dead? I would love to be holed up in a mall, eating crap from vending machines, and going into the back closet of the sports store alone, even though I know there are zombie's around. So cool!


    that was Dawn of the Dead.... just an FYI
  • EricLA

    Posts: 3461

    Mar 03, 2009 1:54 AM GMT
    The mass extinction of blow-hard Republicans? (Starting with Rush Limbaugh.) Moderate Republicans can stick around. For now.


















    Although, this wouldn't exactly be a "crisis" in my book, more a cause for celebration.
  • Posted by a hidden member.
    Log in to view his profile

    Mar 03, 2009 6:53 PM GMT
    Further to my post yesterday, here is an article from Bloomberg.com regarding the pending pension crisis. Trillion is the new billion. Scary isn't it?

    http://www.bloomberg.com/apps/news?pid=20601109&sid=alwTE0Z5.1EA&refer=home
  • Posted by a hidden member.
    Log in to view his profile

    Mar 03, 2009 7:09 PM GMT
    all these losses in pension funds just hint at privatization of the pension sector, privatization of social security. But it doesn't end there.
  • Posted by a hidden member.
    Log in to view his profile

    Mar 03, 2009 7:11 PM GMT
    It will be whatever the Administration finds neceesary to continue to transform the country into a Socialist State that confiscates wealth from hard working people.
  • Posted by a hidden member.
    Log in to view his profile

    Mar 04, 2009 1:15 AM GMT
    Sebastian18 saidI'm hoping for zombie apocalypse. I've been storing ammunition for far too long for this not to become a reality.


    It could happen. Some pundits have been making references to the zombie housing market, zombie economy and such so be careful what you wish for. I have noticed quite a few finance types walking around with that glassy-eyed look lately. icon_twisted.gif