[yesme]

http://www.armytimes.com/news/2012/1...-worst-101712/

In the army times non the less, man if only these army guys had half of the knowledge LTK does.


Oh look, it seems the economy is getting better.........

http://theeconomiccollapseblog.com/a...-the-good-life

[Lazarusrat]

Originally Posted by yesme

http://www.armytimes.com/news/2012/1...-worst-101712/

In the army times non the less, man if only these army guys had half of the knowledge LTK does.


Oh look, it seems the economy is getting better.........

http://theeconomiccollapseblog.com/a...-the-good-life

Big deal...

Being prepared to take care of yourself and your family should something happen like a "super storm", hurricane, fire, or tornado seems like a good idea to me.

As far as the economy collapsing...

I wouldn't hold your breath on that one. May-be if America looses its credit rating; but look on the bright side when we go down, we'll take the world's economy with us (and everyone knows it as well)

[EPAPressure]

Nah we gonna be aight for another 10 years or so. Hopefully all the young couples in my neighborhood feed their kids well so I'll have plenty of snacks when the end of the world happens.


jk


no but srs....

[AlphaNeo36]

I've got my stockpile of razors, homie.

[yesme]

Originally Posted by Lazarusrat

Big deal...

Being prepared to take care of yourself and your family should something happen like a "super storm", hurricane, fire, or tornado seems like a good idea to me.

As far as the economy collapsing...

I wouldn't hold your breath on that one. May-be if America looses its credit rating; but look on the bright side when we go down, we'll take the world's economy with us (and everyone knows it as well)

Ah, so no worries over the petrol dollar, exponential growth of debt and interest payments(rates WILL go back up someday).

Do not worry about any of that eh?

The 20% default rate on student loans? no big deal there.

[yesme]

Originally Posted by AlphaNeo36

I've got my stockpile of razors, homie.

That would be awesome, i almost wish i could be there in your last days, dying from infection from a cut you got trying to shave....lol

You will be missed...lol.

[Tafari Makonnen]

How many years are you going to go on about this stuff before you give up?

[licence2kill]

Yes give us an exact date.

[Eric the Fish]

Originally Posted by yesme

Ah, so no worries over the petrol dollar, exponential growth of debt and interest payments(rates WILL go back up someday).

Do not worry about any of that eh?

The 20% default rate on student loans? no big deal there.

Student loans may be increasing in default status but you cannot get out of them thru bankruptcy. The only way is thru a repayment system ( auto deduct from your employer) or loan forgiveness by working for the Government (Military or volunteer programs) or NGO's in specified professions.

[AlphaNeo36]

Originally Posted by yesme

That would be awesome, i almost wish i could be there in your last days, dying from infection from a cut you got trying to shave....lol

You will be missed...lol.

I will train your daughter to fix my wounds. Then I will run that train.

[EPAPressure]

Originally Posted by AlphaNeo36

I will train your daughter to fix my wounds. Then I will run that train.

Zing? Or just gross?

[EPAPressure]

Originally Posted by Eric the Fish

Student loans may be increasing in default status but you cannot get out of them thru bankruptcy. The only way is thru a repayment system ( auto deduct from your employer) or loan forgiveness by working for the Government (Military or volunteer programs) or NGO's in specified professions.

I bet that if you could claim bankruptcy on student loans, attaining a private unsubsidized loan would be near impossible for a liberal arts degree.

[Lazarusrat]

Originally Posted by yesme

Ah, so no worries over the petrol dollar, exponential growth of debt and interest payments(rates WILL go back up someday).

Do not worry about any of that eh?

The 20% default rate on student loans? no big deal there.

One step at a time...

1. No I'm not woried about this for a few reasons. 1. I don't expect a moritorium on fracking which would end oil production in the ND Balken shale. So I expect us to continue our current trend of exporting more petroproducts than we import and our increasing domestic oil production out pacing our oil imports within the next 3 years. 2. I don't expect any major new means of oil export out of the US such as teh Keystone pipeline which would cause a major decrease in teh US supply and a major price increase crashing our economy. 3. I don't think teh word will run out of oil within the next 10 years crashing teh global economy.

2. I'm not worried about the debt causing a crash either. If we woke up tomorrow and discovered that teh US could no longer get a loan teh federal government would collapse taking our economy with it. The day after that all the cheap plastic stuff we buy from China would be worthless as people would be more concerned about food than Barbie and China's economy would crash. All our exports would stop because we would no longer have the infastructure like roads, pipelines, and ports to get teh lumber coal, and petro from teh forests, mines ,and fields to the processing plants and then to the harbors which would crash economys in Europe which depend on US raw materials and food exports.

No one, world wide is willing to cut us off becuase it would screw them over as well. So I fully expect more of the Status Qou.

3. I like EPA's responce. Increasing the interest rates thus making getting a loan harder isn't a bad thing in my book. It kills me that people get $80,000 in college loans for a liberal arts degree and then discover that they are in debt for the rest of thier lives with their min wage job. Then they act surprised teh American dream is beyond their grasp after they have ****ed themselves over on a worthless college degree. They would have been better off not going to College and reported straight behind teh Wendy's check out counter instead. They would still have teh same job but not the $80,000 in student loans at 2.5% interest rate.

[slateman]

Honestly, ArmyTimes, NavyTimes, MarineTimes, ect are one step above tabloids.

[licence2kill]

So some stupid soldiers are preparing for some apocalypse thing? So?

No offense, but our armed forces aren't exactly filled with Rhodes scholars. This isn't really surprising at all considering the demographic.

[F1VENOM]

Anyone irked by exponential claims when the truth isn't even quadratic?

[yesme]

Originally Posted by Lazarusrat

One step at a time...

1. No I'm not woried about this for a few reasons. 1. I don't expect a moritorium on fracking which would end oil production in the ND Balken shale. So I expect us to continue our current trend of exporting more petroproducts than we import and our increasing domestic oil production out pacing our oil imports within the next 3 years. 2. I don't expect any major new means of oil export out of the US such as teh Keystone pipeline which would cause a major decrease in teh US supply and a major price increase crashing our economy. 3. I don't think teh word will run out of oil within the next 10 years crashing teh global economy.

2. I'm not worried about the debt causing a crash either. If we woke up tomorrow and discovered that teh US could no longer get a loan teh federal government would collapse taking our economy with it. The day after that all the cheap plastic stuff we buy from China would be worthless as people would be more concerned about food than Barbie and China's economy would crash. All our exports would stop because we would no longer have the infastructure like roads, pipelines, and ports to get teh lumber coal, and petro from teh forests, mines ,and fields to the processing plants and then to the harbors which would crash economys in Europe which depend on US raw materials and food exports.

No one, world wide is willing to cut us off becuase it would screw them over as well. So I fully expect more of the Status Qou.

3. I like EPA's responce. Increasing the interest rates thus making getting a loan harder isn't a bad thing in my book. It kills me that people get $80,000 in college loans for a liberal arts degree and then discover that they are in debt for the rest of thier lives with their min wage job. Then they act surprised teh American dream is beyond their grasp after they have ****ed themselves over on a worthless college degree. They would have been better off not going to College and reported straight behind teh Wendy's check out counter instead. They would still have teh same job but not the $80,000 in student loans at 2.5% interest rate.

1. um, not sure what your saying here. Maybe next time just say you don't understand what the petrol dollar is maybe?

2. Yeah, not really sure if you have been looking around, but most of the world's economy's are on the downside and getting worse.

3. At 200 billion in default, with a horrible employment figures for that age group, not sure how you see this as anything positive.

And that's not even touching on the cities going broke this past year, the pension funds being massively underfunded, the huge amount of exposure our banks have to toxic loans, derivatives,etc.

BTW epa, she is five years old, so it's about his speed, know what i mean?

So some stupid soldiers are preparing for some apocalypse thing? So?

No offense, but our armed forces aren't exactly filled with Rhodes scholars. This isn't really surprising at all considering the demographic.

Just back from Afghanistan, where he was assigned to a Navy Seabee construction unit, Williams has served as an instructor at the Marine Corps Mountain Warfare Training Center in Bridgeport, Calif., and was also a survival, evasion, resistance and escape instructor. Over the past three years, he’s written the Survivology 101 blog.



Yeah, no where near as smart as you dude

[Lazarusrat]

Originally Posted by yesme

1. um, not sure what your saying here. Maybe next time just say you don't understand what the petrol dollar is maybe?

Get ready for teh Wikiquote "A petrodollar is a United States dollar earned by a country through the sale of its petroleum to another country.[1] The term was coined in 1973 by Georgetown University economics professor, Ibrahim Oweiss, who recognized the need for a term that could describe the dollar receiving by petroleum exporting countries (OPEC) in exchange for oil."

Like I said I'm not worried about this unless we stop fracking (cutting off our oil production and therefore our petrodollars), Create new bigger means of exporting (increasing our petrodollars but at the same time decreasing our domestic gas supply which raises gas prices and ripples through the economy), or the world runs out of oil ( and ending petrodollars) which is not going to happen.

TLR there is no decline or increase in US petrodollars in the forseeable future. So no need to worry about that createring our economy.

2. Yeah, not really sure if you have been looking around, but most of the world's economy's are on the downside and getting worse.

Really? China's, India's, and most developing nations economies are improving. The US and Japan have remained stagnant (more or less). about 50% of teh EU stagnated as well with the other 50% dropping.

Still not to worried...

3. At 200 billion in default, with a horrible employment figures for that age group, not sure how you see this as anything positive.

I don't see it as positive. I see it as an entire generation who don't understand economics or how to plan for thier own future. I also don't see it as an economy destroying event, unless the fed tries to absorb their debts in some sort of crazy debt relief act that we can't afford.

And that's not even touching on the cities going broke this past year, the pension funds being massively underfunded, the huge amount of exposure our banks have to toxic loans, derivatives,etc.

Our nation survived the depression; if we have half teh balls, backbone, and leadership as we did then this downturn should be nothing to get our collective panties in a bunch about.

[yesme]

Originally Posted by licence2kill

Yes give us an exact date.

Jim Rickard just did a presentation for the pentagon, this video tells you a little about it and how fast things can go down.

http://www.youtube.com/watch?v=kdPka...layer_embedded

[Umami (Banned)]

Originally Posted by F1VENOM

Anyone irked by exponential claims when the truth isn't even quadratic?

Wat iz "exponential" mean?

[F1VENOM]

Originally Posted by Umami

Wat iz "exponential" mean?

Physical cliff and bad stuffz.