botchtowersociety

Joined

• started 98 topics
• posted 7,827 times   see topics posted on
• send a message

Posts by botchtowersociety

• 
  9

  Great Depression, or Hyperinflation?

  by Judge Dread in

  1. social
  2. current

  http://theinternationalforecaster.com/international_forecaster_weekly/warnings_of_a_great_depression_or_hyperinflation.

  jdw .

  1. 
  2. 
  3. 
• 

  botchtowersociety

  Not sure if this is offtopic or not....

  So we screwed over the people by taking on private losses and bailing out banks and businesses. They told us it had to be done to save the US economy. The Euros have done the same thing.

  Back when were doing the bailouts, I thought things would be better if they were allowed to fail.

  Iceland did none of this bailout nonsense, and it looks like it has worked out better.

  http://pointsandfigures.com/2011/06/16/iceland-what-we-should-have-done/

  Iceland: What We Should Have Done

  Starting in 2007, the US government developed aggressive programs to save the big banks($ GS,$ MS, $ C, $ BAC). Without them, each of them would have probably gone bust.

  Advocates of those programs, and that aggressive intervention on behalf of a few large, private companies said they saved the American economy. Since the American economy is the largest driver they reason that they saved the world economy too. Captain Government Program to the rescue!

  America wasn’t alone. Proving that dumb ideas can proliferate, the Europeans rescued their banks too.

  I wasn’t an advocate of those programs. I would have let all the banks go broke. There would have been market pain, but the system we had post-crisis would have been a lot better. America had a long set of bankruptcy laws and legal precedent, along with financial safeguards built into the Federal Reserve system to keep us afloat. Instead we are left with big zombie banks that are an even greater fiduciary risk to the system than before.

  Iceland didn’t rescue its banks. It couldn’t afford to do it. So, they went bust. Iceland looked like it was going down a path of permanent financial armageddon. However, Iceland is in better financial shape than the rest of Europe today.

  “ Europe’s bailout path has only diverted ever-more resources to failing enterprises, postponing and deepening the problem. Iceland’s restructuring was both painful and costly for the population, but the government did not throw good money after bad, and the taxpayers were spared a nationalization of private debts. Is it any wonder that forward-looking financial markets are now betting on the Icelandic recovery?”

  No Dodd-Frank. No super heroics. Just a level headed, clear eyed administration of bankruptcy law. The same would have happened here. Read the whole article.
• 
  182

  Conspiracy theorists

  by JimmyPage in

  1. jw
  2. friends

  some here like to perpetuate the idea that there is a hidden group lurking in the shadows playing democrats and republicans against each other for their own benefit... or that a new world order is about to annihilate herds of common men to stay in power.. please name one specific living person who is a member of this elite group..

  1. 
  2. 
  3. 
• 

  botchtowersociety

  this thread is beginning to read like the poor plot devices from a startrek movie.

  Classic!
• 
  28

  Tell me: IS THE CANADIAN POST OFFICE ON STRIKE RIGHT NOW?

  by Nathan Natas in

  1. jw
  2. friends

  i've just ordered something from a bizness up in canadia, and the guy is telling me delivery may be slow because the canadian post office is on "partial" strike.

  is he telling me the truth, or is he a hoser?

  eh?.

  1. 
  2. 
  3. 
• 

  botchtowersociety

  Are they? In what way? What kind of troubles have you had?

  Dudette, have you ever worked 3rd shift at a USPS mail facility? It's worse than a Waffle House after the bars close. They call it "going postal" for a reason. There be some weeeird people there. I guess spending 20 years sorting letters in boxes will do that to a person.
• 
  10

  Recommendations for GPS units

  by SnakesInTheTower in

  1. social
  2. entertainment

  i start my new courier job soon.

  great benefits, full-time, company car provided.

  for a small monthly fee ($25/wk) i get unlimited personal use also.. my future supervisor during the interview highly recommended that i get a gps unit.

  1. 
  2. 
  3. 
• 

  botchtowersociety

  I've used Tom Tom, Garmin, and Magellan units. I have to say, I like Garmin best.

  However, I really don't need a dedicated unit as much anymore, since my Android phone does the job. Plus, the advantage of the phone's GPS is that it pulls Google Maps down in real time. I get the latest maps for free, which can be useful.
• 
  9

  Great Depression, or Hyperinflation?

  by Judge Dread in

  1. social
  2. current

  http://theinternationalforecaster.com/international_forecaster_weekly/warnings_of_a_great_depression_or_hyperinflation.

  jdw .

  1. 
  2. 
  3. 
• 

  botchtowersociety

  Definitely, it is quite possible to have both at once.

  Yes it is indeed.

  According to Shadowstats, the number of unemployed/underemployed is now at 22% of the population. Almost half of the jobs being created in the private sector are from McDonalds.

  

  http://www.shadowstats.com/article/hyperinflation-special-report-2011

  HYPERINFLATION SPECIAL REPORT (2011)

  SPECIAL COMMENTARY NUMBER 357

  March 15, 2011

  __________

  United States Nears Hyperinflationary Great Depression

  Federal Reserve and Government Have Exploded the U.S. Fiscal Crisis,
  Shattered Global Confidence in the U.S. Dollar but Not Resolved
  Ongoing Economic and Systemic-Solvency Crises

  High Risk of Ultimate Dollar Disaster Beginning to Unfold in Months Ahead
  2014 Remains the Outside Timing for Same

  Contracting Money Supply Can Be InflationaryWhen Real Economy Contracts Even Faster

  Major Economic Series Suggest Formal Depression in Place

  Great Collapse Nears

  The U.S. economic and systemic-solvency crises of the last four years only have been precursors to the coming Great Collapse: a hyperinflationary great depression. Such will encompass a complete collapse in the purchasing power of the U.S. dollar; a collapse in the normal stream of U.S. commercial and economic activity; a collapse in the U.S. financial system as we know it; and a likely realignment of the U.S. political environment. Outside timing on the hyperinflation remains 2014, but there is strong risk of the currency catastrophe beginning to unfold in the months ahead. It may be starting to unfold as we go to press in March 2011, but moving into a full blown hyperinflation could take months to a year, beyond the onset, depending on the developing global view of the dollar and reactions of the U.S. government and the Federal Reserve.

  Prerequisites to the crisis unfolding include: the Federal Reserve moving to monetize U.S. Treasury debt; the U.S. dollar losing its traditional safe-haven status; the U.S. dollar losing its reserve status; the federal budget deficit and Treasury funding needs spiraling out of control. The Fed moved to monetize Treasury debt in November 2010. A much-diminished U.S. dollar safe-haven status has become evident in early March 2011, along with serious calls for a new global reserve currency. The economy is not in recovery and should display significant new weakness in the months ahead, with severely expansive implications for the federal deficit, Treasury funding needs and requisite Fed monetization of debt.

  As the advance squalls from this great financial tempest come ashore, the government could be expected to launch a variety of efforts at forestalling the hyperinflation’s landfall, but such efforts will buy little time and ultimately will fail in preventing the dollar’s collapse. The timing of the onset of full blown hyperinflation likely will be coincident with a broad global rejection/repudiation of the U.S. dollar.

  With no viable or politically-practical way of balancing U.S. fiscal conditions and avoiding this financial economic Armageddon, the best that individuals can do at this point is to protect themselves, both as to meeting short-range survival needs as well as to preserving current wealth and assets over the longer term. Efforts there, respectively, would encompass building a store of key consumables, such as food and water, and moving assets into physical precious metals and outside of the U.S. dollar.
• 
  59

  OVER ONE MILLION GREEKS ON THE STREETS PROTESTING TODAY...

  by JustHuman14 in

  1. social
  2. current

  more than one million people are out in the streets today in athens, greece, protesting against the new financial measures that the government is trying to pass.. the building of the greek parliament is blocked by protesters.

  situation started to get bad, since the police had a clash with a group of "anarchist".

  i guess we are all anarchists in greece, since we are looking for a better future for us and our children.. the corrupted governments that ruled this country from 1974, when dictatorship ended, have lead to poverty 11 million greeks.

  1. 
  2. 
  3. 
• 

  botchtowersociety

  “This thing has gone beyond left and right,”

  “It’s clear that for many people, it is the Hellenic republic versus the rest of the world.”
• 
  52

  Is the US government intentionally supressing a cancer cure?

  by Nathan Natas in

  1. jw
  2. friends

  please view this video:.

  .

  http://articles.mercola.com/sites/articles/archive/2011/06/11/burzynski-the-movie.aspx.

  1. 
  2. 
  3. 
• 

  botchtowersociety

  I feel what you mean talesin. That therapy will be expensive when it comes out. I am guessing 50K for a full course. It cost a great deal of money and years of work to bring out. It will be used in the type of cancer that I myself had. Right now it is only going to be used for relatively uncommon cancers that have not responded to everything else we have available.In other words, it will be a last ditch effort drug, so the population will be small (which makes it more expensive.) Later on, it may get approved as a front line drug, but that is still a few years away.
• 
  4

  You can't keep a good Politician down, kind of like in Vampires

  by designs in

  1. social
  2. current

  newt gingrich announced he now feels 'liberated' after his senior staff all walked out on him.. what reinvention of reality awaits him next.... .

  1. 
  2. 
  3. 
• 

  botchtowersociety

  Newt isn't going anywhere.
• 
  52

  Is the US government intentionally supressing a cancer cure?

  by Nathan Natas in

  1. jw
  2. friends

  please view this video:.

  .

  http://articles.mercola.com/sites/articles/archive/2011/06/11/burzynski-the-movie.aspx.

  1. 
  2. 
  3. 
• 

  botchtowersociety

  BIG PHARMA + BIG GOVERNMENT = AVERAGE CITIZEN LOSING

  Indeed, but the science is still advancing. It just makes it take longer to become available.

  One patient with advanced resistant lymphoma had his tumors gone in 36 hours in a clinical trial, and no chemo (well, technically it is a highly targeted chemo).

  This is a great story:

  http://www.med.miami.edu/news/cancer-survivor-meets-researcher-who-helped-save-his-life

  I expect SGN-35 (brentuximab vedotin) will be on the market next year. It should be approved by the FDA later this year.
• 
  10

  The Arab Spring uprisings, how do you think they are doing. In 20 years will we see wide scale Democracies in the Muslim world.

  by designs in

  1. social
  2. current
  1. 
  2. 
  3. 
• 

  botchtowersociety

  I think some of these countries may have to go through an Islamist/theocracy phase first. That is what happened in Iran with its revolution. Islamists coopted the liberal elements. Those people don't want to live in a theocracy anymore.