stuffthatmatter

8 ms·

1.
Federal Tax Revenues Suffer Biggest Drop Since Great Depression(globaleconomicanalysis.blogspot.com)
11 points by stuffthatmatter 17y ago|2 comments
2.
The Ug99 fungus could wipe out 80% of the world's wheat crops(articles.latimes.com)
2 points by stuffthatmatter 17y ago|1 comments
3.
by stuffthatmatter 17y ago
You're not being a pompous prick at all; in fact, your arguments are thorough and to the point. And I do admit I am using dramatic statistics, but it is because I am trying to present evidence to an audience unfamiliar to the area of topic
4.
by stuffthatmatter 17y ago
I was talking more about the economy with my list. As far as deflation is concerned, there's deflation in things we want (houses, cars, luxury items), and inflation in things we need (food, oil, gas, utilities). Until hyperinflation hits, o
5.
by stuffthatmatter 17y ago
You believe the same Fed that gave bankers billions of dollars and is actively working against congress to be audited, is going to 'decrease the money supply', ignore our huge debt and save us all? You are drinking alot of government kool-a
6.
by stuffthatmatter 17y ago
I said "100T+ debt owed to foreign countries and to ourselves" For a brief summary, check this link http://www.usdebtclock.org/ The link doesn't include US company debts (10T), or derivatives owed to other countries (200T)
7.
by stuffthatmatter 17y ago
there's one incorrect logic in your statement: You assume US can just slam on the brakes and the brakes would stop the car completely. When in fact, with the massive amount of baby boomers retiring/draining SS and medicare, the disappearan
8.
Why the dollar is going to collapse(angloaustria.blogspot.com)
36 points by stuffthatmatter 17y ago|58 comments
9.
by stuffthatmatter 17y ago
30%-40% first night
10.
by stuffthatmatter 17y ago
Regarding the currency crash, actually you just need one country (i.e Russia) or a hedge fund dumping a large amount of dollars, forcing others to dump theirs as well in a speedy fashion (kinda like everybody rushing toward the fire exit wh
11.
by stuffthatmatter 17y ago
Yup...Germany has savings, while we have a negative savings rate (think it was -5% in 2008....might be better now)
12.
by stuffthatmatter 17y ago
True....to a degree. Our agriculture exports would soar. But alot of other things we produce are complex/advanced products, which depends on cheap parts/oil from....other countries. As for the military, well, China will pick a good time t
13.
by stuffthatmatter 17y ago
hyperinflation has to do with a loss of faith in the currency. Foreign debt holders know that this America empire is sailing into sunset, and has no way to pay its trillions of dollars back. They'll all dump it one night, causing the doll
14.
by stuffthatmatter 17y ago
The fed's just gonna have to print...and print...and print. hyperinflation here we come.
15.
by stuffthatmatter 17y ago
I wonder which day will be the day the fat man eats a mint and blows up
16.
Weak U.S. 5-year debt auction raises worries(reuters.com)
37 points by stuffthatmatter 17y ago|22 comments
17.
by stuffthatmatter 17y ago
we'll be in a great depression soon
18.
by stuffthatmatter 17y ago
Agreed; I already pay very little taxes in income and spending. I am going to Asia for a year soon also.
19.
by stuffthatmatter 17y ago
It's really not that complicated. People are walking away from debt obligations. - mortgages (12% of all mortgage, 50% subprime, 50% options) - credit cards (13% default) - personal bankruptcies (up 28% in second quarter) federal/states/loc
20.
by stuffthatmatter 17y ago
I didn't feel like working so that my neighbor can walk away from their mortgage and my relatives can walk away from their credit card debt. So I don't anymore.
21.
World Facing Food Crisis In Second Half Of 2009(marketskeptics.com)
1 points by stuffthatmatter 17y ago|0 comments
22.
by stuffthatmatter 17y ago
I am so glad I barely pay any taxes anymore (income and spending)
23.
by stuffthatmatter 17y ago
Those investors (no idea what they were doing to begin with) already got spooked by the 60% drop and pulled out of 401k/into bonds. I mean the average investors who have some knowledge of the market, and have decent capital (20k-200k) but
24.
by stuffthatmatter 17y ago
True, but stories like this makes them pull out of equity funds and into bond funds.
25.
by stuffthatmatter 17y ago
When the average investors leave the market because of this, front running ( http://en.wikipedia.org/wiki/Front_running ), , and the fact that small number of firms (~400) is involved in 70% of the US trading volume ( http://www.ft.com/cms
26.
De Beers profits fall 92%(ft.com)
37 points by stuffthatmatter 17y ago|25 comments
27.
Ask HN: online business that will thrive in great depression
4 points by stuffthatmatter 17y ago|2 comments
28.
by stuffthatmatter 17y ago
I don't think it's common knowledge. New York Times just did a piece on how companies like goldman sachs profit from high frequency trading http://www.nytimes.com/2009/07/24/business/24trading.html?_r...
29.
by stuffthatmatter 17y ago
Trading equities has turned into a casino. With bots.
30.
Using computer algorithms, 400 firms accounted for 73% of US equity volume(ft.com)
1 points by stuffthatmatter 17y ago|3 comments

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