Is the world economy going to collapse?

Curio said:
They ARE a common sight, that's what I was saying you muppet. I've traveled around the US extensively and you see a LOT of totally deserted retail areas. But don't let my first-hand experience stop you frothing at the mouth...
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Sarcasm mode. That cannot be true curio. If there was a lot of totally desserted retail areas it would be on the controlled TV news and in the controlled newspapers. The honest and upright media would be telling us it is happening.

Until BBC news or the Mirror tells me it is happening or CNN or USA today says it is happening I refuse to believe you.

End sarcasm mode

Even the controlled media is not denying the financial mess they are just not telling the whole truth yet. Sadly the media lies to us and and often holds back information.
 
I would say that a lot of the 'Ghost Malls' were probably the cheapass one's anyway. The one's in deprived areas. That's what I have seen on my visits.
 
ennogs said:
Curio as you actually live in the USA would you mind telling us how you see things from your viewpoint? Things like house prices falling, rising food costs, home repossessions, businesses closing or moving to cheap labour countries like China and India, unemployment etc.

Just maybe but doubtful people will then not think this is conspiracy theory.
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I live in the USA. House prices in this area is rising and are predicted to rise across most of the US. Food costs seem to have risen in line with inflation, except meat which has increased faster due to severe draughts in Texas. Very few home repossessions around here, I have only seen one closed business, unemployment is about 8% like most other countries, there is no a single ghost mall for a thousand miles in either direction AFAIK.
 
Curio said:
They ARE a common sight, that's what I was saying you muppet. I've traveled around the US extensively and you see a LOT of totally deserted retail areas. But don't let my first-hand experience stop you frothing at the mouth...
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I've been traveling across 6 states and I'm been living in the US now, I have not seen a single ghost mall, anywhere, and have only seen a couple of closed businesses. Both of these were electronics stores which undoubtedly couldn't keep up with Internet pricing
 
Just heard on the radio that US unemployment is the lowest in 4 years, hardly the catastrophic spiraling out of control doomsday scenario.
 
ennogs said:
Curio as you actually live in the USA would you mind telling us how you see things from your viewpoint? Things like house prices falling, rising food costs, home repossessions, businesses closing or moving to cheap labour countries like China and India, unemployment etc.

Just maybe but doubtful people will then not think this is conspiracy theory.
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I live in the US too and in the bulk of the country and houses were cheap to start with. 1/3 of US home owners are mortgage free. I see plenty of help wanted signs everywhere. Food is still cheap (used to be even cheaper though). Gas is cheap. Utilities still cheap. Local government is small to begin with and there is tons of industry where I live, plus farming. Lot's of brain drain from other countries, chinese/indian engineers and doctors.

One weakness I see is healthcare. Most of it is subsidized by the gov with debt money. However there is a lot of fat to be cut. Doctors here live in honest to god mansions. It's a bubble IMO. Also social security is basically a ponzi scheme so a lot of old people are going to be in trouble. The capitalist in me sees that as an opportunity though because I can buy their houses/boats/cars/guns/etc for really cheap.

The problem are in the large metro areas that attempted to copy european "social democracy" or whatever they call it (i.e. crypto-socialism).
 
ennogs said:
Curio as you actually live in the USA would you mind telling us how you see things from your viewpoint? Things like house prices falling, rising food costs, home repossessions, businesses closing or moving to cheap labour countries like China and India, unemployment etc.

Just maybe but doubtful people will then not think this is conspiracy theory.
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As I said earlier, I think Celente always goes for the extreme view. He's been on the money on a few things, but wide of the mark on many more. It's also hard for me to get a handle on the reality of the situation because I live somewhere that really hasn't been hit very hard by the economic problems - it's kind of like living in a bubble here. We have no manufacturing to talk of, and we're a tech/health/education center - all of which are doing very well. Retail is the most obvious sign of the problems I see - most of the strip-malls are half empty, many long running local stores have gone, new retail developments abandoned half finished, etc.

My own view is that Celente should be heard - he definitely knows his stuff and he certainly shouldn't be labeled as a conspiracy nut or anything. He just gets over-excited and talks about the worst case scenarios as if they are FACT - TV shows and newspapers love that stuff because sensational stories sell....hence the long list of media references you posted earlier :)
 
D.P. said:
I've been traveling across 6 states and I'm been living in the US now, I have not seen a single ghost mall, anywhere, and have only seen a couple of closed businesses. Both of these were electronics stores which undoubtedly couldn't keep up with Internet pricing
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Well, I'm not doubting what you've seen. I can only say I've seen the opposite on my travels. Maybe you just happened to see the best of it and I happened to see the worst.
 
Scougar said:
I would say that a lot of the 'Ghost Malls' were probably the cheapass one's anyway. The one's in deprived areas. That's what I have seen on my visits.
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In the words of chris rock:

"They've got the white mall, and the mall white people used to go to."

The one white people used to go to is now a ghost mall. There is one near the ghetto I know of, it's really weird there are no shops but it's still open so it's just full of old people zombies walking in circles for exercise. It's like dawn of the dead.
 
kwerk said:
In the words of chris rock:

"They've got the white mall, and the mall white people used to go to."

The one white people used to go to is now a ghost mall. There is one near the ghetto I know of, it's really weird there are no shops but it's still open so it's just full of old people zombies walking in circles for exercise. It's like dawn of the dead.
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LOL - got a small mall like that near me. Hardly any stores left and just the old people doing their laps. Very strange experience. We go there quite often because one of the few places left is a fabric store the missus frequents. I always enjoy going and pretending I'm in some post-apocalyptic freak show.
 
Evangelion said:
Didn't happen.
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While most of those you quoted didn't happen to the extreme he "predicted" there has been a general trend towards those scenarios.

I see a lot of signs that the current economy being somewhat artifically controlled to make people money and far from being out of control - companies artifically devalued (despite otherwise strong trading and profit margins, etc. if they were left to their natural course) to bring the shares down from 200+ to 40-60 so certain people could buy a LOT of shares then the price bounces back up again selling them before they peak and doubling or trippling their money in a very short space of time - at the cost of people working for those companies losing their jobs.

I think the euro is moderatly or higher chance likely to collapse (somewhat unintentionally) awhile back I sat in on some meetings involving a couple of big UK retailers where they were looking to insulate themselves from the euro as much as possible taking steps or looking at taking steps that they wouldn't normally consider unless there was a very realistic chance of it falling apart. (This is beyond normal contingence planning).

As far as the global economy goes I think it will stabalise in the long run, there may be some casualties but I don't think we'll see entire 1st world countries reverting to 3rd world conditions or global war tho we will likely see some larger scale than current armed conflicts as things balance out again.
 
Celente = gold pimp.

Gold/silver will deflate like everything else when stuff starts deleveraging proper. It's a bubble too.

I'll tell you another bubble - higher education. Prices have double in 10 years. No way that student debt is going to get repaid.

I reckon Japan and Europe are going to have big trouble. Then China, with a knock on effect on Australia. Commodities will drop with gold/silver. Australia and Canada's housing bubbles will implode. Deflation followed by possible hyperinflation. Quality of life drops for pretty much everyone. USA will come out the least worse off.

There is more money than actual labour/resources backing it up, or even future labour backing it up. It will shrink up back to a more realistic ratio. Imaginary money will basically evaporate.
 
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Curio said:
Well, I'm not doubting what you've seen. I can only say I've seen the opposite on my travels. Maybe you just happened to see the best of it and I happened to see the worst.
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I agree, I can only state what I have sen.

I have also read that there are around 100 ghost malls across the whole of the US, so about 2 in each state on average. There must be thousands of malls in the US so the number of ghost malls can only be a very small percentage.


Anyway, I am not sure what the presence of ghost malls is supposed to really indicate. Many of them have never really been that profitable and there are a great many factors that contribute to their decline. Their failures are probably more a sign of internet shopping or the rise of wholesalers and superstores than anything else. US unemployment is about 8% now, the average over the last 50 years is 5-6%, that is a far more useful direct measure. US GDP has rebounded while europe still has a diminished GDp, http://www.google.com/publicdata/ex...untry:USA:DEU:GBR&ifdim=region&hl=en_US&dl=en
 
ennogs said:
In this video he is predicting the imminent collapse of the Euro and then the Dollar followed by war.


So do you think he is right or has he got it totally wrong? Personally based on his track record of predicting these things and listing to other people like Gerald I think he is right.
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I don't know who this guy is, I've never heard of him nor do I have any interest in him, but I also said this a few years ago on here. The dollar will collapse most probably when Israel decides to bring it down i.e. when it launches it's attack in the Middle East causing the price of oil to soar.

You say this guy deals in facts based on what is happening in the world, well the Islamic sheikh who's lectures I listened too and books I read said this back in 2002/2003.

It is almost becoming obvious now that it's just a matter of time but the question now is what will happen after the collapse? I predicted years ago that Israel would replace the USA as the current ruling state with a new reserve currency based in Jerusalem. I could explain why I believe this will happen but the majority of people on this forum are non religious so it would be pointless, I've been ridiculed and told numerous times how it's 'impossible' anyway so all we can do is wait and see.
 
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