America is about to hit the toilet and probably with most of the world.

[cmh]

We're not in a recession or a depression. This is just the way it is now.

[royalecraig]

Alex Jone's Infowars site is always worth a read

http://infowars.com

[royalecraig]

Infowars website usually has a good take on events.

http://infowars.com

[chuckypalumbo]

I'm over my Alex Jones phase, too much fear mongering and profiting off of hyping up things every day. There is some truth to it, but a heavy portion of it's fear mongering to make profits off of people.

[Coma]

48 percent of Americans say another great depression is likely? Hmmm... 48 percent of Americans also don't believe in evolution... Jus sayin'

The problem is that evolution doesn't depend on people trust. The financial system does.

[Grant]

I'm over my Alex Jones phase, too much fear mongering and profiting off of hyping up things every day. There is some truth to it, but a heavy portion of it's fear mongering to make profits off of people.

+1

[iCEBREAKER]

48 percent of Americans say another great depression is likely? Hmmm... 48 percent of Americans also don't believe in evolution... Jus sayin'

+1

-2

Scientific American - April 20011 - Quantum Gaps in the Big Bang Theory - Why our best explanation of how the universe evolved must be fixed - or replaced.

Scientists are in full retreat mode on the theory of our origins. Its nice to hear them admit they were wrong.

Now, what were you saying about Americans?

Science is not an unchanging, static belief system.  You are confusing it with the religions, which keep most of mankind enslaved with a kind of mental ball and chain.

The Scientific Method provides a way for science to adjust its theories and paradigms as new data and phenomena emerge. 

That is the beauty of science, and the hideous truth of Absolute Belief.

[newMeat1]

First off, theeconomiccollapseblog.com is a sketchy website.

In my opinion, #7 is actually a good thing. And #9 (large investment firms laying people off) is fantastic news.

[BitcoinPorn]

Is it just me or does the source of that article seem just a tad bit biased lol theeconomiccollapseblog.com

[finnthecelt]

Break down patterns? What in the world are you talking about? They're in consolidation patterns right now, likely to start moving up sharply in the next few weeks.

Settle yourself there hoss.
Youll be educated.
34.50 WAS long term support.
If 32 breaks....were looking at significant decline.

Oh, ok. You read a lot of emotion in that? Hoss.

And if we don't break 32 you'll be educated? One of us is going to get an education huh? Right. If the price goes down nothing changes long term. I give a rat's ass about short term price movements because of a manipulated paper market. It means nothing.

Besides a "significant decline" would bring on too much physical buying. Not even JP Morgan wants that.

Dude I'm not trying to make you wrong and me right. chill

[myrkul]

Scientific American - April 20011 - Quantum Gaps in the Big Bang Theory - Why our best explanation of how the universe evolved must be fixed - or replaced.

How'd you get a magazine from the future?

[mpfrank]

I say, we should rule out hyperinflation by demanding that all governments adopt Bitcoins as the new fundamental entity that all sovereign / central bank currencies are required to be backed by; it can be the new medium for international settlements.  

Declaring that 1 US dollar (Federal Reserve Note) is convertible to 0.00001 BTC sounds about right - that makes the base money supply about US$2T (asymptotically, once all Bitcoins are mined), which is about the same amount that exists in physical coins and bills today.  And corresponding conversion factors can be adopted for GBP, Euros, etc.  Then basically the entire world will be on one monetary system - Bitcoins - and international trade can be much more streamlined.  But all of the existing financial infrastructure can remain in place.

See my new blog post - http://minetopics.blogspot.com/2011/06/bitcoin-banking-and-new-gold-standard.html
And feel free to repost it widely.  

[MoonShadow]

I say, we should rule out hyperinflation by demanding that all governments adopt Bitcoins as the new fundamental entity that all sovereign / central bank currencies are required to be backed by; it can be the new medium for international settlements.  

Declaring that 1 US dollar (Federal Reserve Note) is convertible to 0.00001 BTC sounds about right - that makes the base money supply about US$2T (asymptotically, once all Bitcoins are mined), which is about the same amount that exists in physical coins and bills today.  And corresponding conversion factors can be adopted for GBP, Euros, etc.  Then basically the entire world will be on one monetary system - Bitcoins - and international trade can be much more streamlined.  But all of the existing financial infrastructure can remain in place.

See my new blog post - http://minetopics.blogspot.com/2011/06/bitcoin-banking-and-new-gold-standard.html
And feel free to repost it widely.  

15 years and it won't make any difference.

[finnthecelt]

I say, we should rule out hyperinflation by demanding that all governments adopt Bitcoins as the new fundamental entity that all sovereign / central bank currencies are required to be backed by; it can be the new medium for international settlements.  

Declaring that 1 US dollar (Federal Reserve Note) is convertible to 0.00001 BTC sounds about right - that makes the base money supply about US$2T (asymptotically, once all Bitcoins are mined), which is about the same amount that exists in physical coins and bills today.  And corresponding conversion factors can be adopted for GBP, Euros, etc.  Then basically the entire world will be on one monetary system - Bitcoins - and international trade can be much more streamlined.  But all of the existing financial infrastructure can remain in place.

See my new blog post - http://minetopics.blogspot.com/2011/06/bitcoin-banking-and-new-gold-standard.html
And feel free to repost it widely.  

Interesting. But what should become of all that precious gold? I do agree with you that the banks should be able to work with BTC. Totally viable.

[frycicle]

48 percent of Americans say another great depression is likely? Hmmm... 48 percent of Americans also don't believe in evolution... Jus sayin'

48% of people are not very smart apparently.

[Piper67]

48 percent of Americans say another great depression is likely? Hmmm... 48 percent of Americans also don't believe in evolution... Jus sayin'

48% of people are not very smart apparently.

Nope, and it reminds me of when president Eisenhower flew into a rage when he was told by his advisors that 50% percent of Americans were of below average intelligence...

[finnthecelt]

48 percent of Americans say another great depression is likely? Hmmm... 48 percent of Americans also don't believe in evolution... Jus sayin'

48% of people are not very smart apparently.

Nope, and it reminds me of when president Eisenhower flew into a rage when he was told by his advisors that 50% percent of Americans were of below average intelligence...

Seems I recall in the US 2000 census that 13% of the population did not know who the President of the US was.....

[PIO]

48 percent of Americans say another great depression is likely? Hmmm... 48 percent of Americans also don't believe in evolution... Jus sayin'

When the world replace the US Dollar as reserve currency the USA will definitely get into another depression. A lot of countries will suffer but I believe the USA will have the hardest time of them all.
The world cannot simply accept the USD forever since the Federal Reserve just keeps printing more and more all the time.
There is a reason gold and silver have skyrocked to record levels and there is a reason countries all over the world tries to get rid of all their US treasury bonds.
I would advice all US citizens to save some of their money in gold and silver, remember that you dont lose your money you just replace it in another currency. Gold and silver will never go down to zero unlike the USD that have that possibility.
http://4.bp.blogspot.com/_TKwsCwZoDHg/TKv2HML1YjI/AAAAAAAACKk/gZoHJr-VQcY/s1600/Inflation-1923.jpg

[Piper67]

48 percent of Americans say another great depression is likely? Hmmm... 48 percent of Americans also don't believe in evolution... Jus sayin'

48% of people are not very smart apparently.

Nope, and it reminds me of when president Eisenhower flew into a rage when he was told by his advisors that 50% percent of Americans were of below average intelligence...

Seems I recall in the US 2000 census that 13% of the population did not know who the President of the US was.....

Heh... back in 2000 NOBODY knew who the president was :-)

[gigitrix]

48 percent of Americans say another great depression is likely? Hmmm... 48 percent of Americans also don't believe in evolution... Jus sayin'

+1

-2

Scientific American - April 20011 - Quantum Gaps in the Big Bang Theory - Why our best explanation of how the universe evolved must be fixed - or replaced.

Scientists are in full retreat mode on the theory of our origins. Its nice to hear them admit they were wrong.

Now, what were you saying about Americans?

What an absolute and utter idiot you are.