Expert explains in horrifying detail how the next shock will shatter the global economy

[Flak]

[QUOTE=Strongbad;37136595]Because it's not like this shit has been predicted over and over for years or anything.

[sp]Oh, wait, it totally has. 'Economic experts' said this would happen in 2011, it didn't. Ditto for 2010, 2009 and 2008.[/sp]

Do people like you get off on predicting economy crashes or something?[/QUOTE]
What people are trying to say is this isn't the regular recession cycle where things dip a bit (think dot com crash). This is going to develop into a global depression and our countries need to prepare for it.
[QUOTE=Sgt Doom;37132592]I often get the impression, when an article talks about economic collapse, the skittishness of e.g. investors and the effect of their mood on the economy, that one can bring the economy to collapse by bursting a paper bag behind one of them.[/QUOTE]
When the rebellion in Libya took off, oil prices soared due to speculators reacting prematurely to a country that provides less than 2% of the world's oil supply. It is no secret that most investors are just reactionary, emotional idiots, and not the brilliant, smooth suits that media likes to portray. When you add the colossal amount of money they have to the mix, your joke post isn't even that inaccurate.

[Noble]

[QUOTE=Bobie;37135532]oh no my beloved capitalism has been proven to be shit[/QUOTE]

I agree, if we're talking about crony capitalism. With free market capitalism on the other hand, this never would have happened, and any crisis that did occur would be resolved much quicker.

[QUOTE=Strongbad;37136595]Because it's not like this shit has been predicted over and over for years or anything.

[sp]Oh, wait, it totally has. 'Economic experts' said this would happen in 2011, it didn't. Ditto for 2010, 2009 and 2008.[/sp]

Do people like you get off on predicting economy crashes or something?[/QUOTE]

They couldn't predict how and when governments/central banks would intervene (with QE for example), decisions which only delayed the problem. A couple people did predict the financial crisis of 2008 several years prior to it, with completely clear, obvious, common sense reasons - but they were ignored, laughed at, and called idiots.

Sure many have been wrong, but you can read and decide for yourself whether their predictions are realistic. You don't have to believe everything you read. Either way this one is worth a read and it's worth being aware of. Will it go 100% according to what this guy predicts? Probably not, but the general consensus seems to be that there are major problems with the global economy worth taking note of, and in my view it's delusional to believe otherwise.

[QUOTE=POLOPOZOZO;37136384]so invest in gold NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOW~[/QUOTE]

Actually your safest bet would probably be investing in food supplies. If there actually was a food shortage you'd be in trouble if you were only holding onto precious metals.

[Gekkosan]

The guy who wrote all that is a pretty smart man, and has done a lot of research.

It IS rather scary how if we no longer got the incredibly sharp on-time demand of certain products, or if oil stopped flowing for a week/month, and if people keep fucking up the economy by getting too rich (how simply put) then the next economical crisis will be huge.