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Forum - 2012 and 2013 - The worst has yet to come?
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| Sabertooth | Posted: Jan 03, 2012 - 20:57 |
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 Level: 0 | I came across this on the JREF boards, about the impeding economic collapse. I want to know, what are the chances of this happening? http://forums.randi.org/showthread.php?t=227415 Seems to paint a very bleak future. | |||||
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| Wolf Bird | Posted: Jan 03, 2012 - 21:26 |
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 I shoot you dead. Level: 9 CS Original | Highly unlikely. Problems? Yes. Sky falling on the scale these guys talk about? Doubt it. I've seen these sorts of collapse predictions for a long time, and so far, none of them have materialized. You can search the predictions database here to find tons of failed economic collapse predictions (and a few outstanding). And some threads. Here's a sampler, and these threads will link you to further reading on the subject. Some of it is US centric, granted, but good information nonetheless. http://politics.skepticproject.com/forum/4022/hyperinflation-is-it-even-actually-possible-in-the-us/ http://politics.skepticproject.com/forum/5165/porter-stansberry-letter-of-economic-gloom-and-doom/ http://politics.skepticproject.com/forum/4990/planet-money-what-if-the-us-paid-off-its-debt/ http://politics.skepticproject.com/forum/3988/collapse-porn-on-jref/ http://politics.skepticproject.com/forum/3671/outline-of-my-book-critique-of-modern-economics/ http://politics.skepticproject.com/forum/3962/the-economic-collapse-blog-on-rationalwiki/ | |||||
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| Joe | Posted: Jan 03, 2012 - 21:40 |
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 Level: 8 CS Original | People have been predicting "impeding economic collapse" most of the Nation's history. They will be doing it long after we are gone. So, Yawn. | |||||
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| CyborgJesus | Posted: Jan 03, 2012 - 21:50 |
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 Level: 6 CS Original | Guys like Hendry piss me off, because they're just using this positive feedback loop to enrich themselves, while Stiglitz (arguably) actually tries to find realistic solutions. After all, we're still dealing with the future of people here, and even though I'm not exactly charitable, when we're talking on national scales, that's a whole fucking lot of lives. Anybody interested in reviving the discussion about macroeconomic stability? As part of my book on interdependent economic theory, I've been dabbling a bit in the macro space and to me the question shouldn't be whether it's going to crash, but what the political realm should actually do about this. | |||||
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| The Real Roxette | Posted: Jan 04, 2012 - 05:31 |
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 There ARE more sluts in public schools. Shut up and let me explain. Level: 8 CS Original | I saw "Peter Schiff" on the source list and I closed the tab, didn't read any further. See why: http://www.youtube.com/user/SchittReport | |||||
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| CyborgJesus | Posted: Jan 04, 2012 - 05:39 |
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Level: 6 CS Original | It looks like a mix of unrelated, dramatized trends. Is nobody going to rip this apart? It's fucking JREF. | |||||
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| Wolf Bird | Posted: Jan 04, 2012 - 05:52 |
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I shoot you dead. Level: 9 CS Original | I might. Certainly not today as I just simply will not have time, but I might in the near future (read: weekend). | |||||
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| Sabertooth | Posted: Jan 04, 2012 - 07:19 |
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Level: 0 | Quote from The Real Roxette Who? | |||||
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| The Real Roxette | Posted: Jan 04, 2012 - 07:51 |
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There ARE more sluts in public schools. Shut up and let me explain. Level: 8 CS Original | Quote from SabertoothQuote from The Real Roxette Exactly. | |||||
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| Sabertooth | Posted: Jan 04, 2012 - 08:04 |
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Level: 0 | I guess it´s some wackjob or something? I´m not familiar with the name aside from what´s being said in the thread. | |||||
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| CyborgJesus | Posted: Jan 04, 2012 - 08:26 |
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Level: 6 CS Original | The list in the thread consists of the usual naysayers and doomsdayers, Schiff being one of the more laughable sort. There are legitimate reasons for being short about the world economy, but the thread doesn't do a good job arguing for them, and as Stiglitz points out in the video: If everybody thinks we're fucked, we're fucked. | |||||
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| Sabertooth | Posted: Jan 04, 2012 - 10:38 |
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Level: 0 | Quote from CyborgJesus So it´s panicking? It seems to have a good amount of information. When I cliqued on it, I felt somewhat overwhelmed. I´m gonna be honest, I panic easily and when I saw that crapload of info, I "pressed the red button" in my mind. :S | |||||
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| Kaiser Falkner | Posted: Jan 04, 2012 - 12:15 |
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 HAIL HYDRA Level: 6 CS Original | Quote from CyborgJesus All economies work on collective recognition of the same symbolic order [money, currency, and the rules of exchange]. When the collective perceives the order heading in one way, that's generally the way its going to go. However, an economy as large as the current one operates on far more nuanced and complex systems of interpersonal exchange. And that's exactly the problem with predicting anything- very minute, seemingly irrelevant trends on a lower level can influence the general system in a very real way. I think its clear that the global economy is anything but secure at this point, but to claim with certainty that we're on the verge of collapse is just unscientific and asinine. | |||||
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