Comments on IS A FINANCIAL COLLAPSE UNAVOIDABLE?

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Unfortunatly

I think we're already seeing the beginning of financial collapse, and we have been for a while now.  The question is how far down things will go before they finally turn back around, and how long will it take?

posted by Loribeth215 on March 17, 2008 at 11:45 PM | link to this | reply

Glennb

There are a lot of troops and equipment in Iraq and Iran is right next door. Oh and by the way, there are a lot of troops and equipment in Afghanistan and Iran is right next door.

 

posted by Whysper on March 17, 2008 at 11:32 AM | link to this | reply

Whysper, I wrote about that possibility a while back -- that Bush could

declare Martial Law and an executive order to keep himself in the presidency while we handle these "difficulties."  As for Iran, our main problem with them is that they don't want to accept American dollars for oil...

And yes, from everything I see, America is the #1 country in debt! 

posted by Ariala on March 17, 2008 at 10:20 AM | link to this | reply

Whysper,

Bomb Iran maybe? But I doubt it! America does not have the military manpower or equipment in place to do it! Are you suggesting a "Draft"?

posted by Glennb on March 17, 2008 at 9:44 AM | link to this | reply

Another factor being completely overlooked by all

Is the biggest over-extended borrower on the planet is our very own government. This too will come home to roost sooner that we would expect.

I also wouldn't be looking as closely at what's going on with Iraq, than what is building in our relations with Iran. I fully expect Bush to invade Iran over the pretense of nuclear armament. Whether we want to admit it or not, the beginnings of World War III are all around us. Europe, North America and Australia are the only continents that do not have an active war on their soil.

What really concerns me the most, is the possibility that Bush may use the onset of more war to cancel the November elections. I wouldn't put it past him.

posted by Whysper on March 17, 2008 at 9:32 AM | link to this | reply

GlennB, exactly...a lot of manipulation is going on, but they don't want us

to know just how bad it is because it would cause a nationwide panic...everyone would sell their stocks and bonds and take their money out of banks!  So, i can't blame them for not telling us just how bad it is...those who want to be informed can be by studying it out for themselves.

posted by Ariala on March 17, 2008 at 9:08 AM | link to this | reply

Ariala

Interesting that you look at another problem that goes ignored by the public in general. We simply assume everything is going well with all the big Wall Street Institutions! This bail-out of Bear Sterns is bigger than even the Federal Reserve will publicly admit! This economy is so bad Bush will soon want Iraq back on the front page! And we know how badly he handles negative information!

posted by Glennb on March 17, 2008 at 9:02 AM | link to this | reply